630416
Description
Quiz by Shaikh Emad Gohar, updated more than 1 year ago
|
Created by Shaikh Emad Gohar
about 10 years ago
|
|
Question 1
Question
Which of the following standards relate to Tangible Assets?
Answer
-
IAS 16
-
IAS 38
Question 2
Question
Which of the following Standards relate to Government Grants?
Answer
-
IAS 10
-
IAS 20
Question 3
Question
Research Expenditure is:
Answer
-
Expensed to Statement of Profit or Loss
-
Capitalized in Statement of Financial Position
Question 4
Question
Provisions are recorded as a:
Answer
-
Current Liability
-
Non Current Liability
Question 5
Question
Accounting Policies are changed:
Answer
-
Retrospectively
-
Prospectively
Question 6
Question
Finance and Operating Leases are same in accounting treatment.
Answer
- True
- False
Question 7
Question
Sale or return basis involves the recognition of Revenue.
Answer
- True
- False
Question 8
Question
Contingent Asset is no longer a Contingent Asset when it is:
Answer
-
Virtually Certain
-
Probable
-
Possible
-
Remote
Question 9
Question
Contingent Liabilities and Contingent Assets are disclosed not adjusted.
Answer
- True
- False
Question 10
Question
Which paper is the father of F7?
Answer
-
P2
-
P4
Want to create your own Quizzes for free with GoConqr? Learn more.