MGT101 Online Quiz No 02 Solution & Discussion Due Date:06-12-2016
This is to inform that Quiz # 02 has been opened on December 1, 2016 and last date to attempt quiz will be December 6, 2016
Note related to load shedding: Please be proactive
As you know that Pre Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.
When a business purchases goods from ABC & Co. and promises to pay the amount at certain future time period, we will call ABC & Co. as:
Carriage outward and advertising expenses are known as:
Which of the following Organization converts raw material into finished goods?
All the statements are correct about Journal voucher EXCEPT:
The expenses which are NOT paid out of Gross Profit is classified as:
In cost of goods sold statement, the ‘cost of material consumed’ is equal to:
The journal entry to record purchase of furniture on credit would include a:
Which one of the following accounts normally does NOT exist in the balance sheet of a manufacturing concern?
Which of the following is an example of direct materials cost?
If cost of sales is Rs. 95,000, income from sales Rs. 200,000 and operating expenses Rs. 300,000. What will be net result?
1, 95,000 Losses
Which of the following formula is used to calculate the cost of goods sold