Re: *~* VuPak2009 *~* idea sol mgt401

provision for tax are not included in current assets so remove it from current assets.

On Thu, Apr 26, 2012 at 4:33 AM, blue star <mc090200638@vu.edu.pk> wrote:

assalamualaikum,

it is idea solution please check the answer and find the mistake and tell me plz.

please tell me what are the current assets and what are the long term assets among these?

a)   Gold reserves                                           b) Accrued mark-up

c) Investment in bonds                                   d) Marketable securities

e) Operating fixed assets                                f) Investment in associates

g) Deferred tax (Dr. Balance)                        h) Deferred tax (Cr. Balance)

i) Lending to other financial institutes        j) Cash and balances with treasury banks

k) Assets subject to finance lease                   l) 8 years' Subordinated Loans (Cr. Balance)

m) Provision for taxation                                n) Derivative financial liabilities

o) Capital work in progress

Ans

Current assets  

                   

• Marketable securities
  

• apital work in progress  

 

• Provision for taxation

 

• Deferred tax (Dr. Balance)
• Gold reserves
  

• Accrued mark-up

 

• Cash and balances with treasury banks

 

• Lending to other financial institutes

 

Long term Assets

 

·        Investment in bonds

• Operating fixed assets
  

• investment in associates
• Assets subject to finance lease

 

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