MGT401 Current Mid Term Papers Nov 2011, (Fall 2011)

[+ M.Tariq Malik +]

Current Mid Term Papers Nov 2011, (Fall 2011)

Current Fall 2011 Papers, November 2011 Papers, Mid Term Fall 2011 Papers, Solved Papers, Solved Past Papers, Solved MCQs

 

[+ M.Tariq Malik +]

 

Please Share your Current Papers Questions/Pattern here to help each other. Thanks

 

[Maheera]

subjective questions

 Difference in perpetual inventory system periodic inventory system 

laibilities 

lifo method numerical

historical cost realized value current cost

MCQ's mix thy 

[imran]

TODAY MY PAPER WAS MGT401

THERE R TOTAL 32 QUESTION IN WHICH 28 R MCQS WHICH R FROM PAST PAPERS AND AND 4 LONG QUESTION

ONE IS NUMERICAL QUESTION FROM LIF0

2ND IS IDENTIFYING WHICH OF THE FOLLOWING IS FINANCIAL ASSET

1.GOLD

2.BANK BALLANCE

3.CASH

3RD ONE IS Define Contingent Liabilities?

[abbad rashid]

yar plz share the past paperz jha se tum ko mcqs aya tha plz yar

[+ M.Tariq Malik +]

Total question = 32

Mcq’z = 28

2 question (3 marks each)

2 question (5 marks each)

 

Subjective questions

3 marks each

1) Numerical: Calculation of value of stock using LIFO method

2) What do you know about financial liabilities?

 

5 marks each

 1) Differentiate between FIFO & LIFO method. (5 marks)

 2) Define long term liabilities. Which heads included in long term liabilities.

 

[+ M.Tariq Malik +]

MGT401

Total question = 32

Mcq’z = 28

2 question (3 marks each)

2 question (5 marks each)

 

Subjective questions

3 marks each

1) Numerical: Calculation of value of stock using LIFO method

2) What do you know about financial liabilities?

 

5 marks each

 1) Differentiate between FIFO & LIFO method. (5 marks)

 2) Define long term liabilities. Which heads included in long term liabilities.

 

[+ M.Tariq Malik +]

Some important solved mcqs

Q1: According to IAS-16, at which value assets are initially
measured?

1-Cost
2-Revalued Amount
3-Carrying Amount
4-Fair Value


Q2: A machine has historical cost value of Rs.200,000 while
accumulated depreciation up to five years is Rs. 110,000 and
depreciation for 5th year is Rs. 15,000.What will be the carrying
value of the machine at the end of 5th year?

1-75000
2-295000
3-185000
4-None of the above

Q3: In which situation, company ABC and XYZ can be
interconnected?
1-Associated to Each Other
2-One is parent co. to another
3-Business relationship
4-All of the above

Q4: What is reflected by the Memorandum of Association (MOA)
of a company?

1-Operating procedures
2-Rules
3-Scope of Business
4-All of the above

Q5: Which of the following represents the qualify Asset?

1-Asset ready to be used
2-Work in progress
3-Site uder Construction
4-All of the above

Q6: Which of the following IAS deals with Inventories?
1-IAS-36
2-IAS-32
3-IAS-02
4-IAS-39

Q7: ABC Chemicals Ltd. acquired an asset in year 2005. After five
years, it has been assessed that the carrying value of asset is
significantly higher than its recoverable value. What does this
situation called in accounting language?
1-Impairment Loss
2-Depreciation
3-Carrying Loss
4-None of the above

Q8: Which of the following schedule of the Company Ordinance
1984 is related to the classification of intangible assets?

1-2nd
2-1st
3-4th
4-3rd

Q9: Which organizations are required special approvals from
SECP for their establishment?
1-Manufacturing firms
2-Non-profit organizations
3-Public Limited Co.
4-All of the above

Q10: Which of the followings is/are not allowed to be revalued in
accordance with IAS-16?
1-Plant
2-Office Equipment
3-Motor Vehicles
4-Investment Properties

[+ M.Tariq Malik +]

Total questions 32

 

28 mcqs

 

3marks

 

Balance (Jan 1^st 2008)                                      100units @8.00 per unit

Purchase (Jan 1^st)                                             100units @9.00 per unit

Issued  (Jan 3^rd)                                                100units

 

 

Calculated the value of inventory on Jan 3^rd 2008 using weighted average method

 

 

3marks

 

What items are included in notes to account of stock in trade?

 

 

5marks

 

• Opening stock                                      40000
• Purchase stock                                     60000
• Return in ward                                      10000
• Wages                                                  5000
• Salaries                                                10000
• Rent                                                     10000
• Closing stock                                        20000

 

 

Calculate the cost of goods sold for trading concern?

 

5marks

 

Briefly described the following pass of measuring the elements of financial statement with the respect to the ISAB’s framework?

• Historical cost
• Current cost
• Realization value

 

[+ M.Tariq Malik +]

Total question = 32

Mcq’z = 28

2 question (3 marks each)

2 question (5 marks each)



Subjective questions

3 marks each

1) Numerical: Calculation of value of stock using LIFO method

2) What do you know about financial liabilities?



5 marks each

1) Differentiate between FIFO & LIFO method. (5 marks)

2) Define long term liabilities. Which heads included in long term liabilities.

[NOVEINA]

 mcqs kahha sa tha past papers main sa tha ya new tha

[abdul]

Today’s paper of mgt401 time 8:00

 

Total 32 questions

28 mcq’s

4 subjective

Disclosure of cash and bank balances marks 3

Write down the major classification of liabilities marks 3

Disclosure of joint venture with respect to equity method marks 5

Define current liabilities. Names the heads of current liabilities. Marks 5

[NOVEINA]

                     my 2 day mgt401 paper

       28 mcqs

     4 subjective question

          1) cash and bank balance ?

           2 calculation stright line method?

           3 share capital?

           4) asset and liabilites   caculation?