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
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