BS Commerce -UoG-

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UOG is adding "Third Gender" option for Trans Students in admission form.

Exams Time is upon us 😨

:)

Simple logic.

UOG News (24 - 12 - 2020)

Something to think about, right?

Which of the following financial statements reflects the overall financial position of the business?
(a) Statement of cash flows
(b) Income Statement
(c) Balance Sheet (d) Statement of owner’s equity
correct answer(c)

1. Transferring balance from ledger is?

a. Transferring
b. Balancing
c. Trial Balance Preparation
d. Posting

Correct answer is (c).

Fixed Cost
a. Changes with production
b. Never changes even if production capacity is doubled
c. None of the above
Correct Answer(B)

A partnership, in today’s Pakistan, under the current law can have the following
number of partners:
a. 50
b. 20
c. 100
Correct Answer(b)

Short-term loan can be described as:
a. If the period is three years
b. If the period is less than one year
c. If the period is over one year
Correct Answer(b)

Economic resources of a business that are expected to be of benefit in the future are referred to as:
(a) Liabilities
(b) Owner’s equity
(c) Withdrawals
(d) Assets
(e) None of these
Correct answer (d)

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All of the following are forms of organizations except:
wing are forms of organizations except:
(a) Proprietorship
(b) Corporation
(c) Retailer
(d) Partnership
(e) None of these
Correct answer (C)

For preparing balance sheets prepaid expenses are shown as part of:
(a) Liability
(b) Equities
(c) Assets
(d) None of these
Correct answer (c)

Sales budget must be prepared
(a) Independently
(b) Depending on production capacity
(c) Based on Sales forecasts of market.
Correct answer (C)

In straight line method of depreciation, the written down value of a fixed asset
will be at the end of the life of the asset as under:
(a) Rupee one
(b) Rupee zero
(c) None of these.
Correct answer (B)

Double entry book-keeping was fathered by:
(a) F.W.Taylor
(b) Henry Fayol
(c) Lucas Pacioli
Correct answer (c)

تمام اہل اسلام کو شوال کا چاند مبارک!
خوش رہیں خوش رکھیں، دعا میں یاد رکھیں!
#عیدمبارک

RAMADAN MUBARAK to all of you and your family!

"Untill you don't credit yourself from your home, You will not be debited by Corona Virus."
Stay home Stay safe!
-19

The most satisfying moment for an accounting student!
Just for fun! 😁