Reproduce the following marker report in no-technical language.“Karachi April 22,2002 improved condition were obtainable in the Cotton Market.However, as against last close the 4-F January,2002 hedge contract opened 15 paisa up at Rs.166.40 but on renewed Heavy liquidation it slumped down to Rs.161.25 at which level a bearish hella to be unforced”. With the buying interest remained at low and the selling pressure continued to mount. Reproduce the following marker report in no-technical language: “Karachi June 02,2002 Bearish conditions continued to be witnessed in the market.You are to report mixed tendency in prices and explain the main causes responsible for it. Draw up, in proper form, a Market Day Report in technical words relating to Karachi Stock Exchange using imaginary facts and figures.Spot rates were also hardened to the extant of 65 paisa each of all Desi varities”.
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The other factors helping the recovery of the market were demand in ready sector and expected increase in trading with Islamic Jamhuria Bangla Desh.
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Correction of errors and suspense accounts.Depreciation and disposal of property plant and equipment.Accrued and prepaid income and expenses.Statement of financial position (balance sheets).Statements of financial performance (income statement).
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#INTRODUCTION TO FINANCIAL ACCOUNTING NOTES TRIAL#
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CHRP 04 Introduction to Financial Accounting