accounting questions

(11) Sales budget must be prepared?

1.  Independently 
2.  Depending on production capacity 
3.  (Based on Sales forecasts of market.) 
4.   non of above

(12) Consolidation of subsidiary accounts in the balance sheet of a unlisted Holding company is at present in Pakistan?

1.  Compulsory 
2.  Voluntary 
3.  (Required.) 
4.  non of above

(13) Retained earning is synonymous to?

1.  (Accumulated profit and loss account)
2.  Profit for the year
3.  None of these.

(14) The requirements of an audit report for a Banking Company in Pakistan is under?

1.  Under the Banking Companies Ordinance, 1962.
2.  Under the Companies Ordinance, 1984.
3.  (Under) (a) and (b) above.
4.  non of above

(15) Deferred Taxation is?

1.  Fixed asset
2.  Fixed liabilities
3.  (Part of Owners Equity.)
4.  non of above