vu mgt401 Final Term - Quiz No.6
vu mgt401 Financial Accounting II Quiz
This quiz belongs to book/course code vu mgt401 Financial Accounting II of vu organization. We have 12 quizzes available related to the book/course Financial Accounting II. This quiz has a total of 10 multiple choice questions (MCQs) to prepare and belongs to topic Final Term. NVAEducation wants its users to help them learn in an easy way. For that purpose, you are free to prepare online MCQs and quizzes.
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Question 1: Which of the following asset is not an example of Intangible Fixed Assets?
Vehicles
Good Will
Copyrights
Trade Marks and Designs
Question 2: According to the Allowed Alternative Treatment, Which of the following method is used for stock valuation?
FIFO Method
LIFO Method
Weighted Average Method
Specific Identification Method
Question 3: Which of the following investments are recorded using Equity Method?
Investments made for longer period
Investments made for shorter period
Investments made for shorter and longer period
None of the given options
Question 4: Companies are registered under:
Partnership Act 1932
Companies Ordinance 1984
Partnership Agreement
Income Tax Ordinance 1979
Question 5: Which of the following may result for an inability to sell a financial asset quickly at close to its fair value?
Price Risk
Liquidity Risk
Interest Rate Risk
Currency Risk
Question 6: What will be the Book value of asset if its Original cost is Rs. 100,000; Accumulated depreciation is Rs. 40,000; and Depreciation for the year is Rs.20,000?
Rs. 140,000
Rs. 160,000
Rs. 80,000
Rs. 60,000
Question 7: Which of the following section of the Companies Ordinance 1984 deals with Revaluation of Fixed Assets?
Section 235
Section 236
Section 237
Section 238
Question 9: Written down value of an asset = __________
Original cost – Accumulated depreciation
Original cost – Appreciation
Book value – Accumulated depreciation
Original cost – Salvage value
Question 10: Which of the following is/are example(s) of research activities?
Activities aimed at obtaining new knowledge
The search, evaluation, final selection and application of research findings
The search for alternatives
All of the given options
