MGT401 Current Final Term Fall 2013 Shared by Ali File 11

Total Questions: 60
Total Marks: 78
Total MCQs: 54 (Each of 1 Mark)
Total Short Questions: 3 (Each of 3 Mark)
Total Long Questions: 3 (Each of 5 Mark)

Question: 55
An asset, whose book value is Rs 89000 as discovered by fire after the balance sheetdate, Required:
• identify the types of event
• what will be the accounting treatment

Question: 56
What types of provision created to reduce the asset?

Question: 57
List down the items that should be included in Cash flow from financing activities?

Question: 58
Describe the basic terms for meaning the elements of Financial Statement with respect to the IASB’s framework.
• Historical cost
• Current cost
• Realizable cost

Question: 59
if account receivable at beginning Rs 250,000
Account receivable at end 190,000
Credit sale 30,000
Then calculate cash receipts from sale with the help of account receivable ledger account.

Question: 60
What do you know about the administrative cost? Give 3 examples