Which of the following body/institution decides on accounting rules that must be applied by
companies in Pakistan?

Which of the following body/institution is responsible for recommending accounting standards for
notification by Securities and Exchange Commission of Pakistan?circumstances, for the purpose of

Which of the following are applicable to a company listed on Pakistan Stock Exchange?

Which of the following are applicable to a non-listed public interest company?

Which of the following are applicable to a non-listed large size Pakistani company?

How a public utility or similar company carrying on the business of essential public services shall be
classified according to Companies Act, 2017?

A public unlisted company has paid up capital of Rs. 8 million, turnover of Rs. 90 million and 225 employees. How it shall be classified according to Companies Act, 2017?

A private company has paid up capital of Rs. 80 million, turnover of Rs. 900 million and 525
employees. How it shall be classified according to Companies Act, 2017?

A public unlisted company has paid up capital of Rs. 80 million, turnover of Rs. 1,200 million and
225 employees. How it shall be classified according to Companies Act, 2017?

A foreign company has paid up capital equivalent of Rs. 250 million, turnover of Rs. 900 million and
725 employees. How it shall be classified according to Companies Act, 2017?

In the case of sale of fixed assets, if the aggregate book value of assets exceeds five hundred
thousand rupees, following particulars of each asset shall be disclosed:
(i) cost or revalued amount, as the case may be.
(ii) the book value.
(iii) the sale price and the mode of disposal (e.g. by tender or negotiation).
(iv) the particulars of the purchaser.
(v) gain or loss.
(vi) relationship, if any of purchaser with Company or any of its directors.

With regards to loans and advances to directors a company is required to disclose whether the
loans and advances have been made in compliance with the requirements of the Companies Act,
2017.
The above disclosure is required by:

In respect of loans and advances, other than those to the suppliers of goods or services, the name
of the borrower and terms of repayment if the loan or advance exceeds rupees one million, together
with the particulars of collateral security, if any, shall be disclosed separately.
The above disclosure is required by:

In Fourth and Fifth Schedule, an executive has been defined as an employee, other than the chief
executive and directors, whose basic salary exceeds a certain amount in a financial year. What is
that amount?

In respect of issued share capital of a company following shall be disclosed separately:
(i) shares allotted for consideration paid in cash.
(ii) shares allotted for consideration other than cash, showing separately shares issued
against property and others (to be specified).
(iii) shares allotted as bonus shares.
(iv) treasury shares.

Mercury Limited is a listed company on Pakistan Stock Exchange. The applicable accounting framework and Schedule (for disclosure requirements) of the Companies Act, 2017 is:

Neptune (Private) Limited is a large size company according to Third schedule of Companies Act, 2017. The applicable accounting framework and Schedule (for disclosure requirements) of Companies Act, 2017 is:

Mars Limited is public unlisted company. It is subsidiary of Mercury Limited which is listed on Pakistan Stock Exchange. The applicable accounting framework and Schedule (for disclosure requirements) of Companies Act, 2017 is:

Which schedule of Companies Act, 2017 lists the classification criteria of the companies based on
company size?

Earth Limited is a non-listed company but according to Third schedule of Companies Act, 2017 it is public interest company. The applicable accounting framework and Schedule (for disclosure requirements) of Companies Act, 2017 is:

Which of the following is NOT a characteristic of ‘small-sized company’ under the Companies Act, 2017?

The applicable financial reporting framework and schedule of the Companies Act, 2017 for Large-Sized Company are:

Which of the following is NOT a disclosure requirement under the Fifth Schedule of the Companies Act, 2017?