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MY QUIZ::

Question # 2 of 20 ( Start time: 12:02:21 AM )      Total Marks: 1

 

Which of the following IAS covers the treatment & recognition of Provision?

Select correct option:

IAS 33

IAS 37

IAS 38

IAS 39

 

Question # 3 of 20 ( Start time: 12:03:46 AM )      Total Marks: 1

Loans that have to be repaid within one month are treated as:

Short Term Liabilities

Question # 4 of 20 ( Start time: 12:05:10 AM )      Total Marks: 1

Following are included in Minimum Lease Payment EXCEPT:

Contingent rent

 

Question # 5 of 20 ( Start time: 12:06:36 AM )      Total Marks: 1

Which of the following is TRUE with respect to the Operating Lease?

A lease is classified as an operating lease if it not transfers substantially all the risks and rewards incident to ownership

Question # 6 of 20 ( Start time: 12:07:46 AM )

Section 95A of the Companies ordinance 1984 is applied on which of the following companies?

Listed companies only

 

Question # 7 of 20 ( Start time: 12:08:37 AM )      Total Marks: 1

Which of the following IAS covers the Long-Term Financing?

Both IAS 32 and IAS 39

Question # 8 of 20 ( Start time: 12:09:20 AM )      Total Marks: 1

“In situations of uncertainty, more confirmatory evidence is required about the existence of a gain or an asset than about the existence of a loss or a liability.” This statement reflects the accounting concept of:

Prudence

 

Question # 9 of 20 ( Start time: 12:10:14 AM )      Total Marks: 1

Minimum Lease Payment = --------------.

Initial Payments + Contingent rent – Down Payments

 

Question # 10 of 20 ( Start time: 12:11:07 AM )   Total Marks: 1

Which of the following TRUE with respect to Provision?

 

It is a liability of uncertain timing or amount?

 

 Quiz Start Time: 12:00 AM           

Time Left             62

sec(s)   

Question # 11 of 20 ( Start time: 12:12:00 AM )   Total Marks: 1

Which of the following represents the total par value of shares offered to the general public for contribution?

Issued Capital

 

Question # 12 of 20 ( Start time: 12:12:58 AM )   Total Marks: 1

Which of the fallowing is TRUE with respect to Liability?

It is a present obligation of the entity arising from a past event the settlement of which is expected to result in an outflow from the entity of resources embodying economic benefits.


Question # 13 of 20 ( Start time: 12:13:56 AM )   Total Marks: 1

Which type of lease is normally Not long term and transfers all the risks and rewards of ownership?

Finance lease

Question # 14 of 20 ( Start time: 12:15:13 AM )   Total Marks: 1

If you have Rs. 1,000 and you plan to save it for 4 years with an interest rate of 10%, what will be the future value of your savings?

Question # 16 of 20 ( Start time: 12:18:18 AM )   Total Marks: 1

Section 96 of the Companies ordinance 1984 is applied on which of the following companies?

Non listed companies only

Question # 17 of 20 ( Start time: 12:19:31 AM )   Total Marks: 1

When we see the capital with respect to the net assets then it is called:

The financial concept of capital maintenance

Question # 18 of 20 ( Start time: 12:20:40 AM )   Total Marks: 1

A person who acquires shares in a Company is known as a:

Shareholder

Question # 19 of 20 ( Start time: 12:22:30 AM )   Total Marks: 1

Which one of the following is the concept of the capital maintenance?

Both Physical and Financial capital maintenance

Question # 20 of 20 ( Start time: 12:23:04 AM )   Total Marks: 1

Which of the following is/are related to the IAS-37?

All of the given options

Thanks Sabeen Khan and Jazaak Allah

 sabeen khan(MBS 2nd) thanks for sharing 

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