Paper was easy most of the questions were from past papers...
My subjective part of paper is as follows:
1 Question: Why should company prefer to use LIFO instead of FIFO? 3 marks
3 Question: Affects of dividends on retained earnings?Explain in terms of dividend declared and dividend payment? 3 marks
4 Question: Listed below in random order are the items to be included in the balance sheet Of the Myster y Mountain Lodge at December 31, 2001: Equipment Rs. 29,200 Buildings Rs. 450,000
Land 425,000 Owner's capital? Accounts payable 54,800 Cash 21,400 Accounts receivable 10,600 Furnishings 58,700 Salaries payable 33,500 Snowmobiles 15,400 Interest payable 12,000 Notes payable 620,000 Requirement: Prepare a Balance Sheet at December 31, 2001. Marks 5
Last question was about cash flow from operating activities...( i don't remember this question properly... ) marks 5
Most Paper was from these three attached files...
Gud Luck....
Regards...
█▓▒░ Sahar Afshan░▒▓█
MBA - (HRM & Finance )
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