Latest Activity In Study Groups

Join Your Study Groups

VU Past Papers, MCQs and More

We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.

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

Views: 5259

Replies to This Discussion

thanx yeh tu mery bary kam ka hy

thx alot bhaiiii

I want to share my today mgt101 paper ...

subjective questions :

1 - what is ledger balance ? differentiate between the debit balance and the credit balance (5 marks )

2- what do you know about the nominal capital of company ? (3marks )

3-what type of changes you have to made " statement changes in equity "?(3marks )

4- from the following info of some ABC company find out the opening balance : (5marks )

-closing balance is RS50,000/-

-profit spread over the year is RS5,000/-

-dividend paid is RS10,000/- 

Hope so it will help you ...

Today Final Term Paper Fall 2012 On 26 Feb 2013

Total Questions: 60

Total MCQs: 52 (Each of 1 Mark)

Total Short Questions: 3 (Each of 3 Mark)

Total Long Questions: 5 (Each of 5 Mark)

  Q53: What types of changes are made in "statement of changes in equity?

 : Q54: Mr. A and Mr. B work together in a partnership firm. Mr. A withdraws Rs. 15,000 from the business for his private use. Being an accountant pass a journal entry in the books of accounts to record drawings of Mr. A in case of fixed capital account.

Q55:The business of Arslan brother has the following information:

  • Depreciation expense of office furniture Rs. 100,000
  • Salaries and wages Rs. 150,000
  • Transportation outwards Rs. 15,000
  • Advertising expenses Rs. 25,000

 

Required:

Calculate the value of “Selling expenses” and “Administrative expenses

    Q56: Classify the followings whether these Entries are Operating, Investing or Financing activity by filling the appropriate boxes given below.

 

 

S.   No.

 

ENTRIES

 

 

CLASSIFICATION

 

0

 

Dividends

 

 

Financing   activity

 

1

 

Change in Long term debts

 

 

?

 

2

 

Change in Deferred income tax

 

 

?

 

3

 

Change in Common stock

 

 

?

 

4

 

Proceed from sale of Machinery

 

 

?

 

5

 

Gain from sale of Machinery

 

 

?

 

Q57: From the following particulars of Shahbaz & Company, prepare a Bank Reconciliation Statement as on 31st December 2010.

ط  Favorable balance as per the Pass Book Rs. 80,000.

ط  Transport subsidiary of Rs. 20,000 received from State Government directly by the bank but not advised to the company.

Amount of Rs. 10,000 wrongly debited to company account by the bank for which no details are available.

Q58: From the following particulars of Shahbaz & Company, prepare a Bank Reconciliation Statement as on 31st December 2010.

ط  Unfavorable balance as per the Cash Book Rs. 50,000.

ط  A cheque from Mr. Farhan for Rs. 4,000 was deposited in the bank on 26th December, 2010 but was dishonoured and the advice was received on 2nd January, 2011.

One of the debtors deposited a sum of Rs. 5,000 in the bank account of the firm on 20thDecember, 2010 but the intimation in this respect was received from bank on 2nd January, 2011.

Q59: Following information is available of a sole trader Mr. Shahbaz.

 

Particulars

Rs.

Capital balance at   the start of the year

17,000

Capital balance at   the end of the year

18,000

Withdrawals

2,000

Profit for the   period

?

 

Required:

Calculate the amount of Profit for the period with the help of capital account.

Q60: 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. 10,000 and Rs. 20,000 respectively
  • Loss shared by “A” and “B” Rs. 1,000 and Rs. 2,000 respectively
  • Drawings of “A” and “B” Rs. 3,000 and Rs. 4,000 respectively

 

Required:

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

partnership, debtors a/c, income statement , classiffy operating, financial and investing. ye question papers mai aye thy

asslam o alikum to all today i gave first paper.mgtttttttttt 25-2-2013

many questions from past papers.total q 60

mcqs   52 and marks52     short q  2  marks(6)     long q  5  marks (25)

difference b/w advance and short term finance.

accounting system of financial trancation

find working capital

find gross profit

find operating income

find operating expences and etcccccccccccc

MY TODAYS PAPAR

Q1. Prepare a balance sheet from given data......................?

Q2.what is cash flow statement.give examples of cash flow statement?

All papar main mostly questions about rectification of error,cash flow statement,liquidity,and markup se related tha.

and 2 questions theoretical they aur baki shaort questions calculations k thy.

mcqs kafi past papar se aye huway thy

and mostly papar lec 30 to 45 se tha.

BEST OF LUCK

today mgt101 paper ...

subjective questions :

1 - what is ledger balance ? differentiate between the debit balance and the credit balance (5 marks )

2- what do you know about the nominal capital of company ? (3marks )

3-what type of changes you have to made " statement changes in equity "?(3marks )

4- from the following info of some ABC company find out the opening balance : (5marks )

-closing balance is RS50,000/-

-profit spread over the year is RS5,000/-

-dividend paid is RS10,000/- 

 

All important Definations Short and Long:-

1 - what is ledger balance ? differentiate between the debit balance and the credit balance (5 marks )

Ans:- The ledger balance is also often called the book balance. The ledger or book balance includes all deposits that have posted to your account

A debit is an entry on the left side of an account. For example, the account Cash is debited when cash is received. The account Cash will be credited when cash is paid out. (A credit is an entry on the right side of an account.)

All expance include debit side .. will be a debit balance

 A debit is an entry on the left side of an account. For example, the account Cash is debited when cash is received. The account Cash will be credited when cash is paid out. (A credit is an entry on the right side of an account.)

 

2- what do you know about the nominal capital of company ? (3marks )
Ans:- Nominal capital, also known as authorized capital, represents the securities that are designated for shareholders. Companies that release nominal capital to shareholders do so in order to generate income through traded shares.

 

3-what type of changes you have to made " statement changes in equity "?(3marks )
Ans:- statement of changes in equity include:

1)The amount of new share capital issued

 2)The amount of dividend paid during the year to shareholders.

3)The amount by which PPE is valued up or valued down.

4)The amount of net income earned during the year.

5)The amount of net income retained during the year.

6)Any movement in the unrealized loss or gain reserve and reserve for changes in foreign exchange gain or loss, etc.

 

Q4-what is cash flow statement.give examples of cash flow statement?

Ans:-A statement of changes in equity summarizes the movement in the equity accounts during the year .A statement of changes in equity is an important component of financial statements since it explains the composition of equity and how has it changed over the year.

.cash flow--- The money coming into the business is called cash inflow, and money going out from the business is called cash outflow.

The cash flow statement is partitioned into three segments, namely:

1) cash flow resulting from operating activities;

 2) cash flow resulting from investing activities;

and 3) cash flow resulting from financing activities

 

Q5. What is the difference between  creditor turnover ratio and debtor turnover ratio?  3 marks

Ans:-Creditors are the businesses or people who provide goods and services in credit terms. That is, they allow us time to pay rather than paying in cash.

The formula for this ratio is:

Creditors' Turnover = Average Creditors (Cost of Sales/365)

Debtor turnover ratio is the relationship between net sales and average debtors. It is also called account receivable turnover ratio .

 

Q6- Write the advantage of trial balance? 5 marks

Ans:-

It has four advantages:-

1) It ensures that the transactions recorded in the books of accounts have identical debit and credit amount.

2) Balance of each ledger account has been computed correctly.

3)Balance of each and every ledger account has been transferred accurately and on the correct side of the sheet on which trial balance has been prepared.

4)The debit and the credit columns of trial balance have been added up correctly.

 

Q7-Differentiate b/w Advanced and short term Advanced.

Ans:- Sums paid or received before the fulfillment of an obligation, such as supply of goods or provision of services. that called advance.

Usually one year or less, often used to refer to bonds or loans. called short term finanace.

 

Q8-Differentiate between Cash and Cash equal.

Currency and coins on hand, bank balances, and negotiable money orders and checks.these are all called cash.

And anything that can be changed into cash immidiately in need is cash equals.

 

Q9- Steps of formation of Private Company.

Ans:- Steps of formation of Private Company

Minimum 2 director

Minimum 2 shareholder

The director and the shareholder can be the same persone

Minimum share capital shell be Rs100,000

Din (director identification number)

DSC 9 digital singnature certificate)of one of the director.

 

Q10- Define profit and loss appropriation account in case of partnership(3 marks).

Ans:-The profit and loss account serves the purpose of showing how much a company has available, in terms of surplus funds, at the end of a specific accounting period. These accounts do not necessarily provide a specific answer as to how funds will be spent. However, they do provide an idea of what money is available for distribution among partners or for the purpose of being held in a reserve account until the decision has been made regarding how to spend the surplus. If no surplus exists, the statement indicates the losses for the accounting period.

 

Q11- Difference between "advance or deposit"and running finance.

Ans:- A deposit is usually one copy or two copies of the work to be registered for copyright. It is one of the three things you have to submit as part of your application for copyright registration.

that is deposit.

 

Subject Questions :

1. Cash flow statement and its components

2. Diff between Cash and Cash equal

3. Straight Line and WDV calculations

4. Accounts Payable account by given data

5. Profit Distribution Account with complete working by given data

6. Current Ratio and Working Capital calculations by given data

7. Accumulated Profit accounts calculation by given data

q1. What is the difference between  creditor turnover ratio and debtor turnover ratio?  3 marks

Q2. Write the advantage of trial balance? 5 marks

Q3. Current account of partner A? 5 marks 

Q4. purchase account and creditors control account of Mr A (20000) Mr B (30000)  Mr. c (50000) total 100000? 5 marks



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...
.



RSS

© 2021   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service