Financial Accounting_MGT101 Fall semester 2012 Quiz # 2 Opening Date, 3rd December 2012 Closing Date, 4th December 2012

[+ M.Tariq Malik]

Financial Accounting_MGT101 Fall semester 2012 Quiz # 2 Opening Date, 3rd December 2012 Closing Date, 4th December 2012

[+ M.Tariq Malik]

Please Share your online Quizzes here to help each other.thanks

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MGT 101.

[maher]

my quiz 

[maher]

plz all studnt shr own quiz bcz that r helping in paprz

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accounting quiz no.2

[349a2j1hbi2dj]

quiz 

[+ M.Tariq Malik]

 ahsan khan thankas & keep it up 

[Romana]

good bro

[+ M.Tariq Malik]

 maher thanks 

[+ M.Tariq Malik]

The main purpose of ___________ is to ascertain true result of the business operation during particular period of time. Select correct option:

The simple equation which is used to calculate the profit is:

Select correct option:

The simple equation which is used to calculate the profit is:

When asset is sold, any profit or loss is computed by comparing the _______________with the amount received from sale.

Select correct option:

In which of the following all vouchers are first recorded___________. Select correct option:

Following information is extracted from Mr. A’s balance sheet: Cash Rs.100 Accounts Receivable 500 Accounts Payable 2 00 Bank Loans 1,000 Based on the information provided, what are Mr. A’s assets?

Select correct option:

In an account if credit side > debit side, the balance is known as: Select correct option:

What will be debited, if business bought goods on credit from Mr. Ali?

Select correct option:

What should be credited, if rent paid in cash? Select correct option:

Which of the following is the journal entry of charging depreciation? Select correct option:

What will be debited, If Mr. “A” started business with Rs. 2, 00,000.

Select correct option:

Cost of goods manufactured + opening finished goods – ending finished goods =?

Select correct option:

Fixed assets are also called:

Select correct option:

Which of the following particular/s is/are included in payment voucher?

Select correct option:

The journal entry to record purchase of furniture on credit would include a: Select correct option:

A sum of Rs. 6,000 paid as wages for erect a machine should be debited to:

Select correct option:

As asset has a cost of Rs. 2000 and rate of depreciation 10% p.a. What will be the book value of asset under diminishing balance method after 3 years? Select correct option:

cost of goods sold statement the ‘cost of goods manufactured’ is equal to:

Select correct option:

 

Which of the following is NOT a characteristic of Fixed Asset?

Select correct option:

An amount of Rs. 8000 paid as wages for installation of a Machine should be debited to:

Select correct option:

 

[+ M.Tariq Malik]

 + ((( Mἷṩṩ ҭᾄὗʀᾄṩ ))) thanks