Mgt401 VU Midterm Current Paper (May 2011)
Saturday, May 14, 2011 Posted In .Midterm May 2011 Edit This
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?
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?
