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  #31  
Old Thursday, February 11, 2016
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Default accounting and auditing suggestion

can someone tell me about accounting and auditing subjects and second from where to start it ?
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  #32  
Old Saturday, February 13, 2016
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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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  #33  
Old Sunday, February 21, 2016
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Quote:
Originally Posted by Malcus View Post
(19) Economics resources of a business that are expected to be of benefit in the future are referred to as:
(a) Liabilities
(b) Owner’s equity
(c) Withdrawals
(d) Assets
(e) None of these


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

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  #34  
Old Wednesday, March 02, 2016
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Please upload recent papers of Accounting and Auditing
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  #35  
Old Wednesday, June 01, 2016
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Quote:
Originally Posted by NASSEEM View Post
I have tried to solve the questions as per my knowledge...All the seniors are requested to correct my errors...Please
(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
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  #36  
Old Thursday, June 02, 2016
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hey would you like to tell me how you solved this question
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  #37  
Old Thursday, June 02, 2016
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Quote:
Originally Posted by angelic taurus View Post
hey would you like to tell me how you solved this question
Opening 3000
add Production 27000
Available for sale 30000
Less sale 25000
Closing 5000
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  #38  
Old Saturday, July 16, 2016
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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
(a) Inventory (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) Account payable (c) Equipment (d) Salaries expense
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  #39  
Old Thursday, September 15, 2016
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When will result announced
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  #40  
Old Tuesday, September 27, 2016
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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.
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