Accounting & Auditing Paper II (2002) - A

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1.    Maximum number of partners in a partnership firm set up in Pakistan under Partnership Act, 1932 is?

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2.    Preparation of final financial reports is governed in Pakistan under?

3.    Depreciation is based on?

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4.    Inventory turnover is calculated as under?

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5.    There is a difference between?
Deferred Revenue is?

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6.    Preparation of annual report of a firm is governed under?

7.    Deferred Taxation amount be treated as?

8.    Deferred Revenue is?

9.    Return of Equity will be calculated as under?

10.    Economics resources of a business that are expected to be of benefit in the future are referred to as?

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11.    Current maturity of long term loan is?

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