Quote:
Originally Posted by xaara~hussain
Accounting & Auditing Paper-I (2002)
(7) Preparation of annual report of a firm is governed under:
(a) Partnership Act 1932
(b) Under partnership Deed
(c) None of these |
please share reasoning...
Quote:
Originally Posted by dawoodahmad
(9) Quick Ratio can be computed as under:
(a) Quick . Assets/Quick Liabilities
(b) Quick . Liabilities Current Assets
(c) Current Assets/ Current Liabilities
(18) Every limited Company in Pakistan is required by law to include the following along with financial reports:
(a) Ratio Analysis
(b) Chairman’s Review
(c) None of these.
6. Verification includes:
a. Checking Vouchers
b. Examining audit report
c. None of the above
|
quick ratio= quick assets/current liabilities
there is no such option so i second dawoodahmad that best possible answer should b option (a)
[quote](3) Work Sheet is:
(a) Balance Sheet
(b) Fund Flows Statement
(c) A combination of Profit and Loss Account and Balance Sheet items
(d) None of these[quote]
answer should b none of these