Originally Posted by pakistankhapakhapakhapa

6 june ko jo test hua hai , is ka result jaise hi aaye , to mijhe yahan reply kar dena ,thanks

Originally Posted by Malik Muhammad Muzamal

1. A super tax exist in Pakistan or not ? Exist in Pakistan
2. Cash A/c Balance is a Debit or Credit Balance? Debit Balance
3. Part time worker or self employed worker
4. Increase in Bills Payable result in Increase in cash or decrease in cash?
5. Contributory: Definition of "contributory”. - The term "contributory" means every person liable to contribute to the assets of a company in the event of its being wound up, and include the holder of any shares which are fully paid up; and, in all proceedings for determining, and all proceedings prior to the final determination of, the persons who are to be deemed contributories, includes any person alleged to be a contributory.
6. Dividend is paid out of which capital, Authorized, paid up
7. Main object of budget is plan or control or both?
8. Dividend paid effect which of cash flow activity (Financing, Investment or Operating)
9. Process of data - Coding
10. Maximum number of shareholders in (Pvt.) Company 10, 20, 50 is correct
11. Stock is valued at Market Price or cost price?
12. Heavy Advertisement expense to launch a product is the form of Capital Expense of Revenue?
13. Operating profit is calculated after deduction of operating expense including depreciation?
14. Auditor’s liability is Owner, Creditor
15. Outstanding wages charged to profit and loss or balance sheet?
16. Audit in depth is synonym of complete audit or detailed audit? (Double question)
17. Audit in depth is synonym of complete audit or detailed audit? (Double question)
18. Depreciation on machinery account is debited to Machinery A/C or depreciation a/c
19. Difference Asset and liability is Equity
20. Which one cannot become the Auditor , A director, an internal auditor, or relative of director
21. In Memorandum and Article of Association?
22. If Memorandum and Article of Association don’t work who will be????????
23. Current ratio is calculated to check the increase in current asset or asset or liquidity???
24. Cost of inventory is valued by adding Material + Labor or Material + Labor+ production overhead
25. Realization concept defined when cash is received or order received or goods sold
26. Revenue and expense accounts referred as Real A/C or Nominal A/C
27. Discount allowed affect?
28. In Diminishing balance method depreciation is calculated on ????? Written down value
29. Most important tool of raising money is (Finance)
30. Internal Auditor care most about????
31. Devaluation is decrease in value of country currency?
32. Increase in Bank Overdraft will result in cash book or pass book?
33. Journal entry of consignment A/c
34. Journal entry of consignment A/c when goods delivered
35. Cartel a cartel is an agreement between competing firms to control prices or exclude entry of a new competitor in a market.
36. If Good sold to A and charged to B A/c this is Error of commission or omission?
37. Petty cash is maintained to meet cash expenses
38. Intangible Assets: Intangible assets mean the assets which is not having the physical appearance. And it’s have the real value, it shown on the assets side of the balance sheet.
39. closing stock are moved to a)trading ac b)profit & loss ac c)balance sheet d).......
40. When partnership must be dissolved – on the death of a partner, quarrel of partners
41. Share can be traded in stock exchange 1. Directly 2. Directly by brokers
42. International accounting standard
43. Bull Bush
44. An auditor can be removed from his service through annual general meeting or general meeting
45. Federation
46. Main function of an auditor is to
47. Special audit is conducted at the order of the central government. Which section gives such powers? A) Section 233(a) b) Section 233a C) Section 242(a) D) Section 242a (Indian Companies Act-1956)

Originally Posted by Eshal fatima

Any idea about merit?

Originally Posted by pakistankhapakhapakhapa

mere khyal se is question ma

12. The following represent tangible assets and are shown in balance sheet as:
a) People b) Expenses c) Revenues d) Goodwil

a)peoples are tangible assets of a company, as expense , revenue are not assets and goodwill is tangible.
peoples , employees aur customers both forms ma assets hain.