Midterm Solved paper of MGT101- Financial Accounting

[Aby Jabeen]

BEST OF LUCK

[Anju Ali]

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[Anju Ali]

4

[abdul waheed janjua]

thanks AH, grateful to you

[aliahmad2507]

thank you for your help.i am ali from pakpattan sharif

[iffe]

thank for old paper of MGT101 

[ikram butt]

thanks

[zubair]

thanks    dear thank u 4 the paper

[yasir soomro]

salam

yar nhe aya paper me ne khod friday ko MGT101 ka paper de kr aya ho.

ye question ahe the

Qno.1 If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses

are Rs.20,000 during the year. What would be the Net Profit?

Rs.15,000

Rs. 35,000

Rs. 55,000

Rs. 60,000

2.Question No: 1 ( M a r k s: 1 ) http://vuzs.net

Which of the following account/s will be affected under the rule of accrual accounting, when furniture is purchased on cash?

► Only Cash Account

► Only Furniture Account

► Cash & Furniture Account

► Only Purchases Account

3.In which of the following condition a company will have positive working capital?

► If current assets > current liabilities

► If current Assets < current Liabilities

► If current assets = current liabilities

► If current assets < current liabilities

4.Consider the following inventory record:Date Item Quantity Cost/Unit Total
2007Jan. 2 Opening inventory 100           Rs.18.00     Rs.1,800
Mar. 4 Purchase 400    19.00           7,600
May 8 Purchase 800     20.00          16,000
Nov. 3 Purchase 500     21.00          10,500

Four hundred units are unsold, Use the FIFO method of inventory costing and determine the value assigned to the 400 units on hand at the end of the period.

6.Which of the following is/are the method(s) for calculating the cost of inventory?

► FIFO Method

► Weighted Average Method

► LIFO Method

► All of the given options

7.* Opening stock Rs. 40,000
* Purchases Rs. 60,000
* Return Inwards Rs. 10,000
* Wages Rs. 5,000 (direct labour cost)
* Salaries Rs. 10,000 (selling and addmistrative expense)
* Rent Rs. 10,000
* Closing Stock Rs. 20,000

[maham ali]

salam

anyone student of mgt101

i got much difficulty with it.main 2 times improve kar chuki hun magar D grade a jata hai hr bar

anybody here 4 combine study?

[yasir soomro]

SALAM,MERE B MGT101 SUBJECT HA,WHERE FROM U