Course Content
New Accounting Model (Exam-2009)
Books references: 1. Account Code (Volume III). 2. Chart of Accounts (Issued by CGA). 3. Manual Accounting Principles. 4. Accounting Policies and Procedures Manual.
Private: DAO Part-I Examination 2024 (Fresh Candidates) Past Papers
About Lesson

Question No. 1

A. Select the most suitable answer for each of the following.
1. The obligations to make future payment could not be properly identified by.
(a) Cash Basis of Accounting (b) Accrual Basis of Accounting
(c) New Accounting Model             (d) All above
2. The recording of commitments which do not have an immediate impact on the cash. position but do have effect on the budget availability is one of the key features of:
(a) Cash Basis of Accounting (b) Modified Cash basis of Accounting (d) None of the Above.             (c) a & b above
3. Recording of fixed asset is an important aspect of:
(a) Modified Cash Accounting        (b) Cash basis of Accounting
(c) Profit and Loss Accounting       (d) None of the above.
4. The Chart of Accounts is an essential component of:
(a) Cash basis of Accounting          (b) NAM
(d) All above                                   (c) Accrual basis of Accounting
5. The Pool of money from which budgetary allocation is made is called:
(a) Function    (b) Project        (c) Fund             (d) Object
B. Identify the code classification (Entity, Fund, Function and Object) for each of the following:
a. Divisional Account Office Railway Lahore made payment on account of final settlement of GP Fund to a retiring employee;
Classification: Fund
b. Payment made on account of POL charges for official motorcycle used in AATI Lahore; Classification: Object
c. Expenditure was incurred on the Telephone services by the agriculture department (federal); Classification: Function
d. Interest paid on Domestic Loan by Finance Division;

Classification: Object

Join the conversation