MGT401 FINANCIAL ACCOUNTING II MIDTERM solve papers FALL 2011

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Which one of the following is the example of non-profit oriented organization:
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NGO’s
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Trusts
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Societies
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All of the given options
Question No: 2 ( Marks: 1 ) - Please choose one
Annual General Meeting (AGM) is required to be held within _________ of incorporation.
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06 months
►
12 months
►
15 months
►
18 months
Question No: 3 ( Marks: 1 ) - Please choose one
The amount by which the carrying amount of an asset exceeds its recoverable amount is called as:
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Impairment loss
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Residual value
►
Depreciation
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Fair value
Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following are the examples of development activities?
►
Design, construction and testing of pre-production models
►
Design of tools, jigs moulds dies, involving new technology
►
Design, construction and operation of pilot plant
►
All of the given options

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