<chairman.insaf@gmail.com> wrote:
> Aslam-o-alikum
>
> i am so upset for my current solved assignment cs101 kindly send me
> From: Muhammad Asad student of Bs-c computer science 1st semester vu
> campus sialkot.
> My Resident Narowal.
>
> On 1/26/12, Syed Omer Shah <deeplysaddend@gmail.com> wrote:
>> *Assalamu Alaykum Warahmatullahi WaBarakatuhu,*
>>
>> * *
>>
>> *The balances of opening and closing interest receivable account are Rs.
>> 4,000 and 1,500 respectively what would be the value of interest received
>> in cash if the interest earned during the year is Rs. 4,500?*
>>
>> Select correct option:
>>
>> Rs. 10,000
>>
>> Rs. 8,500
>>
>> Rs. 6,000
>>
>> *Rs. 7,000 *
>>
>>
>>
>>
>>
>> *Which one of the following is NOT an objective of fundamental analysis?*
>>
>> Select correct option:
>>
>> To make projection on its business performance
>>
>> To predict the future stock price
>>
>> To evaluate its management and make internal business decisions
>>
>> *To calculate its credit risk *
>>
>>
>>
>>
>>
>> *Which of the following would represent a cash flow from financing
>> activities?*
>>
>> Select correct option:
>>
>> Receipts from sale of plant and equipment
>>
>> Payment of Salaries
>>
>> Gain on sale of plant asset
>>
>> *Collections on loan principle *
>>
>>
>>
>>
>>
>> *How would an increase in owner's equity be recorded?*
>>
>> Select correct option:
>>
>> Debit
>>
>> *Credit *
>>
>> No effect
>>
>> Statement is wrong
>>
>>
>>
>>
>>
>> *Pre-paid expense is a(n) _________ type of account.*
>>
>> Select correct option:
>>
>> Liability
>>
>> *Asset *
>>
>> Revenue
>>
>> Expense
>>
>>
>>
>>
>>
>> *The purpose of recording depreciation on productive assets is to:*
>>
>> Select correct option:
>>
>> Reflect the decline in the market value of the assets each period
>>
>> Reduce income when the company has an exceptionally profitable year
>>
>> Be in conformity with the revenue recognition principle
>>
>> *Allocate the original cost of a productive asset to expense over its
>> useful life *
>>
>>
>>
>>
>>
>> *Which of the following is NOT the part of annual report?*
>>
>> Select correct option:
>>
>> Financial statements
>>
>> Auditor's report
>>
>> Five year summary
>>
>> *Future investments report *
>>
>>
>>
>>
>>
>> *In the long run, a business must generate positive net cash flow from
>> which of the following activities, if it is to survive?*
>>
>> Select correct option:
>>
>> Investing activities
>>
>> Financing activities
>>
>> *Operating activities *
>>
>> Non cash activities
>>
>>
>>
>>
>>
>> *Which of the following principle is used for recording a revenue?*
>>
>> Select correct option:
>>
>> Matching Principle
>>
>> Cost Principle
>>
>> *Realization Principle*
>>
>> Objectivity Principle
>>
>>
>>
>>
>>
>> *When preparing a statement of cash flows under the indirect method,
>> supplemental disclosure should be made for which of the following?*
>>
>> Select correct option:
>>
>> Net cash consumed by operating activities
>>
>> Cash dividend distributions
>>
>> *Cash paid for interest and taxes *
>>
>> Cash paid for wages
>>
>>
>>
>>
>>
>> *ABC Company has Rs. 150,000 cash, Rs. 80,000 as accounts receivables, Rs.
>> 20,000 as allowance for doubtful accounts, Rs. 10,000 as work in progress
>> inventory, Rs. 55,000 as prepaid expenses, Rs. 50,000 land purchased in
>> the
>> current year. Calculate the value of current assets.*
>>
>> Select correct option:
>>
>> *Rs. 275,000 *
>>
>> Rs. 315,000
>>
>> Rs. 365,000
>>
>> Rs. 220,000
>>
>>
>>
>>
>>
>> *A company can improve (lower) its debt-to-total asset ratio by doing
>> which
>> of the following?*
>>
>> Select correct option:
>>
>> Borrow more
>>
>> Shift short-term to long-term debt
>>
>> Shift long-term to short-term debt
>>
>> *Sell common stock *
>>
>>
>>
>>
>>
>> *How many types of audit certificate are there?*
>>
>> Select correct option:
>>
>> Two
>>
>> Three
>>
>> *Four*
>>
>> Five
>>
>>
>>
>>
>>
>> *Which of the following auditor's opinion shows the inability of the
>> auditor to audit the accounts of a business?*
>>
>> Select correct option:
>>
>> Qualified Opinion
>>
>> Adverse Opinion
>>
>> Unqualified Opinion
>>
>> *Disclaimer of Opinion *
>>
>>
>>
>>
>>
>> *Which of the following represents the aggregate value of a corporation's
>> issued shares?*
>>
>> Select correct option:
>>
>> Total book value of the company
>>
>> Market value of the company
>>
>> *Market capitalization *
>>
>> Book value of the shares
>>
>>
>>
>>
>>
>> *Which of the following is the third step of accounting cycle?*
>>
>> Select correct option:
>>
>> Preparing financial statements
>>
>> Preparing trial balance
>>
>> *Posting*
>>
>> Making adjusting entries
>>
>>
>>
>>
>>
>> *For purpose of measuring business income, the life of a business is
>> divided into which of the following?*
>>
>> Select correct option:
>>
>> *Divided into specific points in time *
>>
>> Divided into irregular cycles
>>
>> Divided into discrete accounting periods
>>
>> Considered to be a continuous cycle
>>
>>
>>
>>
>>
>> *Company XYZ purchases Machinery on credit; Journal entry would be:*
>>
>> Select correct option:
>>
>> Accounts Payable debit; Machinery Credit
>>
>> Accounts Receivable debit; Machinery Credit
>>
>> *Machinery Debit; Accounts Payable credit*
>>
>> Machinery Debit; Accounts Receivable credit
>>
>>
>>
>>
>>
>> *Which of the following term refers to each element of the Balance Sheet?*
>>
>> Select correct option:
>>
>> Ledger
>>
>> Journal General
>>
>> T- Account
>>
>> *Account *
>>
>>
>>
>>
>>
>> *Which of the following terms present a cause and effect relationship with
>> each other?*
>>
>> Select correct option:
>>
>> Income statement and balance sheet
>>
>> Revenue and assets
>>
>> Assets and liabilities
>>
>> *Revenues and expenses*
>>
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>>
>
>
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> *
>
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