accounting and auditing suggestion
 

can someone tell me about accounting and auditing subjects and second from where to start it ?

mcqs
 

respected concerns
I realy appreciate your kind endevors to to provide such a sufficient information regarding various subjects, you are profoundly requested here to kindly provide me past mcqs test papers with answers regarding the post of senior auditor recently annouced by fpsc as I have already qualified writen exam for mentioned post
kazim
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[QUOTE=Malcus;637978](19) Economics resources of a business that are expected to be of benefit in the future are referred to as:
(a) Liabilities
[B](b) Owner’s equity[/B]
(c) Withdrawals
[COLOR="SeaGreen"](d) Assets[/COLOR]
(e) None of these


Xara Hussain to me they are Assets the answer is D. what u say?[/QUOTE]
The answer is D without any doubt.

If you can't get the ball, get the man!

Please upload recent papers of Accounting and Auditing

[QUOTE=NASSEEM;751860]I have tried to solve the questions as per my knowledge...All the seniors are requested to correct my errors...Please[/QUOTE]

(19) If the beginning inventory of the finished good is 3000 units, planned sales are 25000 units and planned productions is 27000 units the inventory of finished goods on the budgeted balance sheet would be
(a) 3000 (b) 1000 (c) 5000 (d) None of these

Correct answer is 5000:bow

hey would you like to tell me how you solved this question

[QUOTE=angelic taurus;941645]hey would you like to tell me how you solved this question[/QUOTE]
Opening 3000
add Production 27000
Available for sale 30000
Less sale 25000
Closing 5000

Correct answer of this question is option (a) instead of (d)
(15) When purchase merchandise is returned under a perpetual inventory system a credit would be made to
[B](a) Inventory[/B] (b) Freight in (c) Purchases (d) Purchase return

Correct answer of this question is option (b) instead of (a)
12) Which one of the following account would usually have credit balance?
(a) Cash [B](b) Account payable[/B] (c) Equipment (d) Salaries expense

When will result announced

Deffered Tax is a fairly complex topic. Basically its a difference in carrying value of an item between accounting standards and tax legislation at the rate of tax e.g 34% and Deffered Tax is presented as "Liability" rather than part of Owners Equity.