241. Under the Companies Ordinance 1984, disclosure of financial information is legally required for listed companies under:
A. Schedule 6
B. Schedule 5
C. Schedule 4
D. Schedule 8

242. A company is considered sick under the Companies Ordinance 1984 where current ratio is:
A. Below 0.5 : 1
B. Below 3 : 1
C. Above 2.5 : 1
D. None of these

243. Banks are required to prepare their financial statements as per following legislation:
A. Free to prepare with no legislative requirements
B. Under Companies Ordinance 1984
C. Banking Ordinance 1962
D. State Bank Laws

244. Preparation of financial statement of listed insurance companies in Pakistan is governed by:
A. Insurance Act 1938
B. Insurance Ordinance 2000
C. Companies Act 1913
D. Companies Ordinance 1984

245. Trading loss occurs when:
A. Revenues exceed the matching relevant costs.
B. Revenue and matching costs are equal to each other.
C. When relevant matching cost exceeds revenues
D. None of these

246. Accounting requirements governing NGOs are prescribed in:
A. Partnership Act 1932
B. Cooperative societies legislation
C. Companies Ordinance 1984
D. None of these

247. Work sheet is equivalent to:
A. Balance sheet
B. Income statement
C. Trial Balance
D. None of these

248. Work sheet does include:
A. Fund flows statement
B. Cash gensation statement
C. Cash flow statement
D. None of these

249. Deffered tax is shown in the balance sheet as:
A. Liability
B. Asset
C. An expenditure in income statement
D. None of these

250. The following represent tangible assets and are shown in the balance sheet as:
A. People
B. Expenses
C. Revenue
D. Goodwill

NOTE
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