Virtual University Forum

 My paper  all mcqs were new cal lifo   3 marks cal debts  3 marks cal borrowing cost 3 marks financial assets   5 marks disclosure requirements of loans and advances 5 marks do remember me in ur prayers

my paper was. 3 calculation k question thay 1) surplus or lose calculate karna tha. 2)straight line depration 2 year s k lia calculate karni thi 3)balance sheet banani thi stock in trade or stores and spares ki heading wali notes in account main heading q describe going concern accounting method?  q aternative and benchmark treatment of fixed assest? mcqs easy they

My paper All MCQ's from past papers and so easy Subjective  1. Differentiate between benchmark treatment and Allowed alternative treatment in the case of intangible assets? 2. Write down the main heads of the liabilities section of balance sheet? 3. one question was related to Weighted average method 4. One question was of depreciation with straight line and reducing balance method both. 5. some assets and liabilities were given and we were asked to calculate the capital... 

1) if asset value is 1000000 depreciation is 400000 and revalue at 500000 then find surplus or loss?    3 marks 2) what do you know about financial assets? 3 marks 3) categories of current assets? 5 marks 4)disclosure requirement of long term loans and advances? 5 marks  bs itna hi yad ha

Differentiate between impairment and depreciation Depreciation is the result of systematic allocation of the depreciable amount of an asset over its estimated useful life. Depreciation for the accounting period is charged to net profit or loss for the period either directly or indirectly.   However the impairment in the value of any asset is a fall in the value of an asset due to many reasons beyond the control of the company, so that its recoverable amount is now less than its carrying value in the balance sheet. Authorized and paid up capital difference Authorized Capital:   A maximum limit of the amount of capital that a company can issue is mentioned in the Memorandum and Articles of Association of the company. Company cannot issue capital exceeding this amount unless it amends the memorandum and articles of association.   Paid Up Capital:   Paid up capital is amount that the company issues out of the authorized capital.   • The minimum amount of capital th...