- Informational Role
- Informal Role
- Decisional Role
- None of these
- c
All Departments Solved Papers
All Department’s Current & Past Solved Papers are included in this section of ETEST Academy’s Website. All MCQs of All Departments are included in this section with complete detail. Our team updates this website on daily basis.
Income tax rates are the same for:
- Banking Companies
- Public Companies
- Tax Companies
- None of these
- a
Stratified Audit means:
- Purposively selected items for audit
- Randomly selected items for audit
- Items carefully selected for audit
- Group audit
- b
Process of costing is relevant to:
- Cement Industry
- Job Order Cost Oriented Projects
- Both A & B
- None of these
- c
Deferred Taxation is:
- Fixed Assets
- Fixed Liabilities
- Part of Owners Equity
- None of these
- d
-
Difference of Asset life period and Tax duration is called Deferred Depreciation.
Depreciation is provide on:
- Current Assets
- Fixed Assets
- Outward Charges
- None of the Above
- b
Assets are held for the purpose of:
- Earning Revenue
- Outward Charges
- Conversion into cash
- None of these
- a
The purpose of financial market is to:
- Control Inflation
- Allocation saving efficiently
- Increase the price of common stock
- Lower the yield on bonds
- b
Which of the following are incorrect?
Goods Sold for Cash: Cash Sale
Good bought on Credit from T Carter: Purchase T Carter
Goods returned by us to C berry : C berry Outward
Van bought for cash Purchase Cash
- 2 & 4 Only
- 3 Only
- 1 & 3 Only
- 4 Only
- b
The projected benefit obligation is the measure of pension obligation that:
- The employers contribution each period is based on formula.
- The accounting for a defined contribution plan is straight forward and uncomplicated.
- Requires pension expenses to be determined solely on the basis of the plan formula applied to years of service to date and based on existing salary level
- Changes in Employment Rules
- c