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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 

Please all students related this subject Share your online Quizzes here to help each other.thanks

 

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