Accounting Questions

(16) Investment Corporation of Pakistan follows?

1.  Open-end mutual funds 
2.  Closed-end mutual funds 
3.  (None of these.)

(17) Directors Report is ---- in respect of financial report constituent?

1.  (Mandatory for a limited Company)
2.  Voluntary for a limited Company
3.  None of these.

(18) Every limited Company in Pakistan is required by law to include the following along with financial reports?

1.  Ratio Analysis
2.  (Chairman’s Review)
3.  None of these.

(19) Cash budget excludes the following?

1.  (Non-Cash items)
2.  Cash items
3.  Purchase on Credit items.

(20) NGOs are legally required to?

1.  (Prepare accounts in a prescribed manner under the law.)
2.  Prepare accounts as desired by donors.
3.  None of these.