there were total 27 questions
22 MCQs which were about IAS ,significant influence, NRV and Cost ,
5 short question
3 of 3 3 marks
1) differentiate between impairment and depreciation
2) authorized and paid up capital difference
3) numerical of COST and NRV calculation and the treatment in balance sheet
two question of 5 5 marks
4) entries of assets and liability were given and we have to calculate the amount of capital
5) expected selling price of asset = 2500
expected cost of completion = 400
expected cost of selling = 100
required:
what value will be shown in balance sheet if carrying amount of asset is 1500?
what value will be shown in balance sheet if carrying amount of asset is 2500?
