Multiple Choice Questions (MCQ's) of Accounting

0 Vote(s) - 0 Average

Multiple Choice Questions (MCQ's) of Accounting

danishayub_76
Offline

Member

Posts: 164
Threads: 10
Joined: Jan 2007
Reputation: 0

#73

03-30-2009, 03:20 PM

Javed & Sons (Pvt) Limited, traded off its used plant and machinery for a
new model. The old machinery, given off, had a book value of Rs.16,000
and fair value of Rs.12,000. The machine was bought two years back at a
cost of Rs.24,000. However, the management traded it off for a new model
having invoice price of Rs.32,000. In negotiations with the seller, a tradein-
allowance of Rs.18,000 was agreed for the old machine.
Required In the light of IAS-16
(i) Calculate the cost of new machine.
(ii) Compute gain/ loss incurred in exchange transaction.
(iii) Record the transaction in the books of the company.

« Next Oldest | Next Newest »

Users browsing this thread: 5 Guest(s)

Messages In This Thread

Multiple Choice Questions (MCQ's) of Accounting - by awaisaftab - 01-31-2009, 05:56 PM

[No subject] - by awaisaftab - 02-02-2009, 06:30 PM

[No subject] - by danishayub_76 - 02-03-2009, 06:58 PM

[No subject] - by danishayub_76 - 02-03-2009, 07:01 PM

[No subject] - by awaisaftab - 02-06-2009, 07:31 PM

[No subject] - by danishayub_76 - 02-06-2009, 07:35 PM

[No subject] - by awaisaftab - 02-06-2009, 08:27 PM

[No subject] - by Astute Accountant - 02-10-2009, 08:51 PM

[No subject] - by awaisaftab - 02-11-2009, 02:33 PM

[No subject] - by awaisaftab - 02-11-2009, 02:38 PM

[No subject] - by danishayub_76 - 02-12-2009, 01:48 PM

[No subject] - by danishayub_76 - 02-12-2009, 02:00 PM

[No subject] - by awaisaftab - 02-16-2009, 04:48 PM

[No subject] - by awaisaftab - 02-16-2009, 04:53 PM

[No subject] - by danishayub_76 - 02-16-2009, 06:34 PM

[No subject] - by awaisaftab - 02-17-2009, 01:21 PM

[No subject] - by danishayub_76 - 02-18-2009, 08:12 PM

[No subject] - by faisal_ali - 02-19-2009, 03:21 AM

[No subject] - by awaisaftab - 02-19-2009, 02:16 PM

[No subject] - by danishayub_76 - 02-19-2009, 02:38 PM

[No subject] - by awaisaftab - 02-19-2009, 06:24 PM

[No subject] - by danishayub_76 - 02-19-2009, 07:52 PM

[No subject] - by awaisaftab - 02-25-2009, 04:29 PM

[No subject] - by maani - 02-25-2009, 05:07 PM

[No subject] - by awaisaftab - 02-25-2009, 05:29 PM

[No subject] - by awaisaftab - 02-25-2009, 05:36 PM

[No subject] - by danishayub_76 - 02-25-2009, 06:21 PM

[No subject] - by maani - 02-25-2009, 10:30 PM

[No subject] - by kamranACA - 02-25-2009, 11:48 PM

[No subject] - by awaisaftab - 02-26-2009, 04:22 PM

[No subject] - by maani - 02-26-2009, 05:39 PM

[No subject] - by awaisaftab - 02-26-2009, 06:19 PM

[No subject] - by kamranACA - 03-02-2009, 10:43 PM

[No subject] - by wasim akram - 03-03-2009, 06:48 PM

[No subject] - by awaisaftab - 03-03-2009, 10:10 PM

[No subject] - by kamranACA - 03-04-2009, 08:49 PM

[No subject] - by awaisaftab - 03-04-2009, 09:14 PM

[No subject] - by kamranACA - 03-04-2009, 11:24 PM

[No subject] - by wasim akram - 03-05-2009, 01:03 AM

[No subject] - by awaisaftab - 03-05-2009, 02:04 PM

[No subject] - by shafiqb9 - 03-05-2009, 03:35 PM

[No subject] - by wasim akram - 03-05-2009, 04:53 PM

[No subject] - by awaisaftab - 03-05-2009, 09:27 PM

[No subject] - by danishayub_76 - 03-06-2009, 03:44 PM

[No subject] - by wasim akram - 03-06-2009, 06:12 PM

[No subject] - by danishayub_76 - 03-06-2009, 06:16 PM

[No subject] - by kamranACA - 03-06-2009, 06:19 PM

[No subject] - by wasim akram - 03-06-2009, 09:30 PM

[No subject] - by awaisaftab - 03-06-2009, 09:38 PM

[No subject] - by shafiqb9 - 03-07-2009, 02:29 PM

[No subject] - by awaisaftab - 03-07-2009, 03:36 PM

[No subject] - by kamranACA - 03-07-2009, 06:48 PM

[No subject] - by shafiqb9 - 03-09-2009, 04:26 PM

[No subject] - by CFANerd - 03-09-2009, 05:06 PM

[No subject] - by kamranACA - 03-09-2009, 05:24 PM

[No subject] - by awaisaftab - 03-09-2009, 08:19 PM

[No subject] - by kamranACA - 03-09-2009, 08:26 PM

[No subject] - by awaisaftab - 03-09-2009, 09:18 PM

[No subject] - by wasim akram - 03-09-2009, 10:26 PM

[No subject] - by awaisaftab - 03-09-2009, 10:44 PM

[No subject] - by kamranACA - 03-09-2009, 11:10 PM

[No subject] - by kamranACA - 03-09-2009, 11:13 PM

[No subject] - by awaisaftab - 03-11-2009, 03:36 PM

[No subject] - by kamranACA - 03-11-2009, 03:42 PM

[No subject] - by awaisaftab - 03-11-2009, 04:04 PM

[No subject] - by kamranACA - 03-11-2009, 07:03 PM

[No subject] - by awaisaftab - 03-11-2009, 07:26 PM

[No subject] - by awaisaftab - 03-11-2009, 09:04 PM

[No subject] - by kamranACA - 03-11-2009, 09:48 PM

[No subject] - by awaisaftab - 03-13-2009, 11:13 PM

[No subject] - by kamranACA - 03-14-2009, 02:23 AM

[No subject] - by danishayub_76 - 03-25-2009, 09:45 PM

[No subject] - by danishayub_76 - 03-30-2009, 03:20 PM

[No subject] - by danishayub_76 - 03-30-2009, 06:07 PM

[No subject] - by faisal_ali - 04-04-2009, 05:59 AM

[No subject] - by faisal_ali - 04-04-2009, 06:41 AM

[No subject] - by awaisaftab - 06-10-2009, 01:54 PM

[No subject] - by faisal_desperado - 06-10-2009, 05:21 PM

[No subject] - by faisal_ali - 06-12-2009, 04:28 AM

[No subject] - by faisal_desperado - 06-12-2009, 03:08 PM

[No subject] - by irfan kazim - 06-13-2009, 03:53 PM

[No subject] - by irfan kazim - 06-13-2009, 03:59 PM

[No subject] - by irfan kazim - 06-13-2009, 04:01 PM

[No subject] - by irfan kazim - 06-13-2009, 04:15 PM

[No subject] - by hmmm - 06-13-2009, 04:45 PM

[No subject] - by awaisaftab - 06-16-2009, 02:49 PM

[No subject] - by irfan kazim - 06-27-2009, 03:30 PM

[No subject] - by awaisaftab - 06-30-2009, 02:05 PM