Mgt401 VU Midterm Current Papers of Virtual University of Pakistan (www.vusolutions.com)
1 Briefly discuss (5)
Historical cost
Current cost
Realizable value
2 Write down the component of financial statement with respect to the IASB FRAMEWORK..(3)
3 If balance janurary (1, 2008) 100 units,9 Rs per unit
Jan 1 received 100 units,8 Rs per unit
Jan 3 issued 100 units
Then calculate the value of inventories of January 3,2008 using weighted average method.(5)
4 question yaad nhi
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