Subject: FPSC Past Papers

Explanation
Innocent is an adjective that describes someone or something that is not harmful or at least doesn't cause harm on purpose.

Explanation
Nominal capital is the aggregate par value of those shares that have been issued by a corporation.

Explanation
  Right shares are those shares which are issued after the original issue of shares but having an inherent right of the existing shareholders to subscribe to these shares in proportion to their holding.

Explanation
Bid Opening: Stage in project advertisement process where sealed bids, received by prospective bidders (Contractors) are opening and examined by the County.

Explanation
Financial accounting is the process by which an organization's revenue, receivables and expenses are collected, measured, recorded and finally reported into a financial statement.

Explanation
Users of accounting information are internal and external. External users are creditors, investors, government, trading partners, regulatory agencies, international standardization agencies, journalists and internal users are owners, directors, managers, employees of the company.

Explanation
Apportionment of cost refers to the distribution of various overhead items, in proportion, to the department on a logical basis.

Explanation
Depreciation helps to tie the cost of an asset with the benefit of its use over time.

Explanation
Accounting Is The Process Of Identifying, Recording And Communicating Information.

Explanation
In terms of Rule 13 of the Public Procurement Rules 2004 the minimum response time shall not be less than  fifteen (15)  days for national competitive bidding and thirty (30) days for international competitive bedding.

Explanation
In terms of Rule 13 of the Public Procurement Rules 2004 the minimum response time shall not be less than fifteen (15) days for national competitive bidding and thirty (30) days for international competitive bedding.

Explanation
Bid Opening: Stage in project advertisement process where sealed bids, received by prospective bidders (Contractors) are opening and examined by the County. 

Explanation
Financial accounting is the process by which an organization's revenue, receivables and expenses are collected, measured, recorded and finally reported into a financial statement.

Explanation
Users of accounting information are internal and external. External users are creditors, investors, government, trading partners, regulatory agencies, international standardization agencies, journalists and internal users are owners, directors, managers, employees of the company.

Explanation
Apportionment of cost refers to the distribution of various overhead items, in proportion, to the department on a logical basis. 

Explanation
Depreciation helps to tie the cost of an asset with the benefit of its use over time.

Explanation
Nominal capital is the aggregate par value of those shares that have been issued by a corporation.

Explanation
  Right shares are those shares which are issued after the original issue of shares but having an inherent right of the existing shareholders to subscribe to these shares in proportion to their holding.

Explanation
Accounting Is The Process Of Identifying, Recording And Communicating Information.

Explanation
In terms of Rule 13 of the Public Procurement Rules 2004 the minimum response time shall not be less than  fifteen (15)  days for national competitive bidding and thirty (30) days for international competitive bedding.

Explanation
In terms of Rule 13 of the Public Procurement Rules 2004 the minimum response time shall not be less than fifteen (15) days for national competitive bidding and thirty (30) days for international competitive bedding.

Explanation
Bid Opening: Stage in project advertisement process where sealed bids, received by prospective bidders (Contractors) are opening and examined by the County. 

Explanation
Financial accounting is the process by which an organization's revenue, receivables and expenses are collected, measured, recorded and finally reported into a financial statement.

Explanation
Users of accounting information are internal and external. External users are creditors, investors, government, trading partners, regulatory agencies, international standardization agencies, journalists and internal users are owners, directors, managers, employees of the company.

Explanation
Apportionment of cost refers to the distribution of various overhead items, in proportion, to the department on a logical basis. 

Explanation
Depreciation helps to tie the cost of an asset with the benefit of its use over time.

Explanation
Nominal capital is the aggregate par value of those shares that have been issued by a corporation.

Explanation
  Right shares are those shares which are issued after the original issue of shares but having an inherent right of the existing shareholders to subscribe to these shares in proportion to their holding.