Explanation

• When a prepaid expense is recognized as an expense, the entry is: Expense A/C Dr. → Prepaid Expense A/C Cr.
• The Expense Account is debited because an expense is now recognized.
• The Prepaid Expense Account is credited because the prepaid asset decreases.

Last verified on 14-08-2026

Explanation

• The Security Market Line (SML) represents the relationship between Beta and expected return.
• Beta (β) measures a security’s systematic risk.
• Expected return is the return investors require for taking that level of systematic risk.
• The SML is based on the Capital Asset Pricing Model (CAPM).

Last verified on 14-08-2026

Explanation

• The value for taxable services is the consideration received or receivable.
• Consideration means the amount charged or payable for providing the taxable service.
• The taxable value is generally based on the amount of consideration for the service.

Last verified on 14-08-2026

Explanation

دخیل الفاظ وہ الفاظ ہیں جو کسی دوسری زبان سے لیے گئے ہوں۔

انہیں بغیر کسی تبدیلی کے اردو میں استعمال کیا جاتا ہے۔

مثال: اسکول، میز، اخبار۔

Last verified on 14-08-2026

Explanation

• Zero tax means services are zero-rated, not exempted.
• Under zero-rating, the applicable tax rate is 0%, but the supply remains within the tax system.
• Exempt services are treated differently.
• They are specifically excluded from tax.

Last verified on 14-08-2026

Explanation

• Services originating in Punjab and delivered to other provinces should be Taxable.
• Tax treatment of services in Pakistan depends on the place and nature of the service.
• Services provided across provincial boundaries may be subject to the applicable provincial or federal tax rules.

Last verified on 14-08-2026

Explanation

• Scientific Management focuses on specialization and efficiency.
• It was developed mainly by Frederick Winslow Taylor.
• It emphasizes studying work scientifically to find the most efficient way of performing tasks.
• Specialization, standardization, training, and productivity are key features.

Last verified on 14-08-2026

Explanation

• Corporate strategy determines what businesses a company wants to be in.
• It defines the company's overall scope and business portfolio.
• It helps decide which businesses to enter, maintain, expand, or leave.
• Business strategy focuses on how to compete in a particular business.

Last verified on 14-08-2026

Explanation

• Decision-making of politicians is bounded by knowledge, time, and resources.
• Politicians cannot have complete knowledge of every possible alternative and consequence.
• Time constraints limit how much information can be analyzed before making a decision.
• Limited resources also restrict the available choices and actions.

Last verified on 14-08-2026

Explanation

• Parliament or legislature does NOT take Judicial Decisions.
• The legislature is responsible for making laws and taking legislative decisions.
• It also makes important policy and financial decisions, such as approving the budget.
• Judicial decisions are made by courts and the judiciary.

Last verified on 14-08-2026