MGT401 Current Final Term Fall 2013 Shared by R. A. Khan File 5

1-      Earning per share ka practical question tha ….3 marks

2-      What are the limitations on "Restrospective Restatements" with respect to IAS-08?  3 marks

If:

Accounts payable at beginning                                               Rs. 250,000    

Accounts payable at the end                                                         190,000

Credit purchases                                                                           200,000

Then: You are required to calculate the cash payment as a result of purchases with the help of accounts payable ledger account.. ….5 marks

Briefly describe the following basis for measuring the elements of Financial Statements with respect to the IASB’s Framework……5 marks

Historical Cost

Current Cost

           Realizable Value

A Limited Company acquired an asset on lease; the fair value of the asset is Rs. 59,738. The Company has to pay Rs. 10,000 as down payment and Rs. 20,000 annually for three years. The interest rate implicit in the lease is 10% p.a. You are required to calculate the present value of Minimum Lease Payment….5 marks

Q- Maple leaf public limited company is engaged in production of ceramics tiles and fittings. Company made the following transaction for the year ended December 31, 2009

5 marks

Accounting records	Rs.
Purchased real estate for cash, which was borrowed from bank	550,000
Sold investment securities Sold investment securities	800,000
Paid dividend	660,000
Issued 5,000 ordinary shares for Rs.50	250,000
Purchased machinery and equipment	125,000
Paid bank loan	450,000
Reduced account receivable	100,000
Increased account payable	200,000

Required:

Calculated the value of net cash flow from investing activities for the year ended December 31, 2009

For what purpose Prospectus is issued by the Companies? Issuance of prospectus for all types of entities? 5 marks

rest were MCQZ 

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