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MGT101 All Current Final Term Papers Fall 2012 (20 February to 03 March 2013) at one Place

From 20 February to 03 March 2013 Fall 2012

Current Final Term Papers Fall 2012 Papers, Feb 2013 Final Term Papers, Solved Final Term Papers, Solved Papers, Solved Past Papers, Solved MCQs

 

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

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Question 1 solution:

Raw Material -               Opening Stock 10,000
+Raw Material –                    Purchases 2,000

Cost of material available for used=      12,000
-Raw Material - Closing Stock                 3,000

Cost of material used                   =       9,000 ANS..

Solution

Cost of packing material                  =  4000

+ purchases                                     =  5000    

Cost of material available for used    =  9000

 -Closing stock packing                     =  6000

Cost of matrial used in packing         = 3000 Ans.....       

Question No:5
Calculate Cost of good sold by given data.
Format of the cost of good statement 

Cost of material used

Opnenig                                        =......

+purchases                                    =.....

+Direct expense (If)                       =....

+Direct labour cost (if)                 =....

Cost of material available for used=...

-Closing stock                                  =?

Cost of materila used                      ...

+Cost of manafacture goods opening=....

Cost of manafactured availble for sale=....

-Closing Stock                                     =.....

Cost of goods manafactured used        =...

+Cost of goods sold opening                 =....

Cost of goods available for sale            = .....

-Closing stock of cost good sold            =.....

Cos of goods sold                                  =......   Ans.  

OPKST (Date: 22/2/2013)

1. (3)

If the capitals of the partners are fixed, Pass Journal Entries for the following:

  • Drawings made by partner
  • Excess drawn amount is returned by partner
  • Profit distribution among partner

2. (3)

Write down the components of Cash Flow Statement

3. (3)

Following information is available of ABC Company limited at the end of a particular accounting period:

  • Opening balance of accumulated profit Rs. 80,000
  • Closing balance of accumulated profit Rs. 50,000
  • Amount transferred to reserves Rs. 10,000

 Required:

Calculate the amount of current year profit or loss from the given information.

4. (5)

For the year ended December 31, 2007. ABC Company reported a Net Income of Rs. 84,000. The opening and closing balances of company’s Current assets and Current liabilities were as follow:

                                                                                                      December 31    

Current Assets:                                                                     2007              2006

     Rs.                 Rs.             

  • Cash                                                                            60,000            80,000
  • Accounts receivable                                                            250,000          190,000         
  • Inventory                                                                   437,000          360,000

Current liabilities:

  • Accounts payable                                                    420,000          390,000
  • Accrued liabilities                                                         8,000           12,000

Required:

Determine the cash provided by Operating activities for the year if the depreciation charges were Rs. 50,000 during the year.

5. (5)

You are given the following data relating to a public limited company:

Gross profit, Rs. 125,000; Indirect expenses, Rs. 80,000; other income, Rs. 5,000; and net profit Rs. 35,000.

 Required: Calculate interest expense of the company.

6. (5)

Following is the Sales Return Journal of T. Company ltd.

 

Date

Credit note

Name of Debtors

Rs.

10-12-2010

1

Mr. A

10,000

20-12-2010

2

Mr. B

20,000

31-12-2010

3

Mr. C

30,000

 

 

Total

60,000

                                                                                                            

Required:

Prepare Sales return account and Debtors control account for T. Company ltd.

6. (5)

Following information is available of Shabaz & Co.

 

Particulars

Rs.

Insurance expenses

1,000

Audit fee

2,000

Legal charges

3,000

Gross Profit

20,000

Return inwards

1,000

Cost of goods sold

4,000

Bank charges

500

Required:

Calculate the amount of Operating income and Net income

7. (5)

Following is the information of “A” and “B” of their partnership business.

  • Opening balance of A’s current account and B’s current account Rs. 15,000 and Rs. 25,000 respectively
  • Profit distributed to “A” and “B” Rs. 5,000 and Rs. 8,000 respectively
  • Salaries of “A” and “B” Rs. 2,000 and Rs. 3,000 respectively

 

Required:

Prepare Partners current accounts of “A” and “B” based on the above information.

thanks rayaan brother

shukria, plz koi Allah ka banda crrunt paper solved kr de, ya wo formulas details se bta de jis se ye Q solve hn ge ,  ya phir koi na koi hal bta plzzzzzz

kiya ye crrunt paper subjective past me se mil skta hai 

 Abu Rayaan thanks for sharing ur paper .gud keep it up 

Note for All Members: You don’t need to go any other site for current Final Term papers fall 2012, Because All discussed data/sharing of our members in this discussion are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links.

My MGT101 paper:

Total marks: 86

Total Q's: 60

Total mcq's: 52 (some were from past papers, and rest based on basic concepts of accounting)

Subjective Qs:

  • define profit and loss appropriation account in case of partnership(3 marks)
  • calculation of working capital, (current liabilities and current assets were to be calculated with the help of components given) (3 marks)
  • calculation of direct and indirect expenses(data was given) (3 marks)
  • calculation of depreciation, using straight line method (5 marks)
  • 3 partners share profit in ratio of1:3:5, record journal entries, show complete working (5 marks)
  • data was given, work out cost of raw material consumed and cost of packing material consumed               (5 marks)
  • a case was given, journal entries were to be recorded (5 marks)
  • calculation of depreciation using wdv method (5 marks)                                                                              

 Hope this will provide some idea and help, to those who still have to attempt MGT101 paper

Thanks.....

 Regards....

samra tariq gud keep it up & thanks for sharing ur paper to help other students 

Note for All Members: You don’t need to go any other site for current Final Term papers fall 2012, Because All discussed data/sharing of our members in this discussion are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links.

my paper is as same as samra tariq's paper rest of following

5 marks question from B.R.S

3 difference between "advance or deposit"and running finiace

5 marks question

difference the flowing  weather they are "current assest,non current assert,long term libilities,shere holders equty" 

5 marks question  from income statement calculation of operting profit and net profit 

best of luck

 sonia thanks for sharing ur paper & best of luck for ur result 

Note for All Members: You don’t need to go any other site for current Final Term papers fall 2012, Because All discussed data/sharing of our members in this discussion are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links.

+ ((( mi$$ ҭᾄὗʀᾄ$ )))+ thanks for sharing & best of luck for ur result 

+ ((( mi$$ ҭᾄὗʀᾄ$ )))+ ji nai wish ma type karta hun sab k lihay  suchiiiiiiiiiii 

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