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PAPER#1
there were total 27 questions
22 MCQs which were about IAS ,significant influence, NRV and
Cost ,
5 short question
3 of 3 3 marks
1) differentiate between impairment and depreciation
2) authorized and paid up capital difference
3) numerical of COST and NRV calculation and the treatment in
balance sheet
two question of 5 5 marks
4) entries of assets and liability were given and we have to calculate
the amount of capital
5) expected selling price of asset = 2500
expected cost of completion = 400
expected cost of selling = 100
required:
what value will be shown in balance sheet if carrying amount of
asset is 1500?
what value will be shown in balance sheet if carrying amount of
asset is 2500?
wish you good luck friends
PAPER#2
total question were 27
22 msqz n 5 short qes.....
Q02: Write down the types of stocks for Trading and Manufacturing
concerns (3marks)