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MCQs = 28
Subjective Questions = 4
1) Calculate the cash flow from operations, (5 Marks)
2) Calculate Depreciation using Straight line Method if Cost =100000, Residual Value is= 10000,Estimated Life = 5 years, (3 Marks)
3) Calculate Depreciation using Declining Balance method till 2003 from 1999. if Cost =100000, Residual Value is= 10000,Estimated Life = 5 years is purchased on march 29, 1999. (3 Marks)
Paper # 02
MCQs = 28
Subjective Questions = 4
1) Which one of the cash flow and income statement is best tool for measuring the profitability of a sound business? Marks 3
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2) If the company issues stocks or bonds to pay debts, would u include it in the cash flow statement? Marks 3
3) Calculate the cash flow from operating activities from the given data..( data has forgotton) marks 5
4) Haris is trading In cranes. He has one crane which original cost is rs.60000, the accumulated depreciation is rs.48000, He purchase a new crane which cost is Rs. 75000 and he was given a trade allowance of rs.15000.
a) how much cash Haris will pay? Marks 2
b) what would be the gain or loss if the first crane is disposed off? Marks.3