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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