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MGT101 ALL Current Mid Term Papers Spring 2016 & Past Mid Term Papers at One Place from 27 May 2016 to 08 June 2016

MGT101 ALL Current Mid Term Papers Spring 2016 & Past Mid Term Papers at One Place from 27 May 2016 to 08 June 2016 

 

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Today's ppr 28-5-16

Q # 1 what do you know about operating expenses what are the types and 1 example ? (3 Marks)
Q#2 Make payable account from below
Purchased goods from suplier 100,500.00
Payment Made to suplier 50,000.00
Discount from suplier 5,000.00
(3 Marks)
Q # 4 Make General Journal 1 system was given (5 marks)
Q # 4 Make Balance sheet statements was given (5 Marks)
Q #5 Cost of goods manufactured from given statement (5 Marks)

today's Midterm PaperOf MGT101:
Q # 1 what do you know about operating expenses what are the types and 1 example ? (3 Marks)
Q#2 Make payable account from below
Purchased goods from suplier 100,500.00
Payment Made to suplier 50,000.00
Discount from suplier 5,000.00
(3 Marks)
Q # 4 Make General Journal 1 system was given (5 marks)
Q # 4 Make Balance sheet statements was given (5 Marks)
Q #5 Cost of goods manufactured from given statement (5 Marks)

My Today MGT101 paper 30-05-2016

Question no1: Senior account of Star corporation had provided data related to machinery accounts for year ended 2014 to the junior account asked to prepare machinery account of the company. He produced following mentioned machinery account....

Particulars

Dr.(Rs.)

Particulars

Cr.(Rs.)

Balance B/D

575,000

Cash  A/C- Dispose

75,000

Depreciation

72,000

Cash A/C- Acquisition

200,000

 

 

Balance C/D

372,000

 

647,000

 

647,000

 

Check Account carefully and Prepare revised machinery account after doing necessary correction in provided account? Marks: 03

 

Question no 2: Following Information Taken from Rahim traders:

                      Cost of Asset                           150,000        

                     Life of Asset                    5 years

                     Depreciation Method         Straight Line Method

                     Residual Value                 20,000

                     Sale Price after 5 years     30,000

  Calculate the Profit and loss account sale of Asset?       Marks: 03

 

Question no 3: Prepare “T” account of Machine based as following Information:

                      Opening balance of Account                            200,000

Machine Bought from Mr. B amounting    100,000 on cash basis during year

Machine sold to Mr. A amounting              50,000 on cash basis during year                                       Marks: 05

 

Question no 4: Based on following information you required Gross profit and net profit/loss for Wahid Industries:

                   Sale Revenue                    74,000

                   Cost of Sale                      71,000

                   Salary                              2,000

                   Rent                                1,500 

                   Depreciation                      4,500                               Marks: 05

 

 

Question no 5: Following data extract from book of Account of ABC Corporation:

          Raw material charged to Produce (WIP)                        110,000

          Goods are sold during period costing                            45,000

          Raw Material closing balance                             35,000

          Purchase of Raw material during period                        90,000

          Carriage Outward                                                     2,150

Calculate Value of opening Raw Material by preparing raw material Accounts? Marks: 05

 

 

 

 

 

 

 

Salam, Mgt101 ka paper past sy aya tha ya nai agr aya tha to wo file b upload kr dain plzzz.

mai past paper nahi dekhta bhaii...

mjhy b chahya

My Exam Questions (4-6-2016)

MCQ's were around 20% of past papers. Rest of them were new and only 2,3 were tricky.

Question 1: A table was given. Weed need to calculate Current Asst, Current Liability and Working Capital Amount. (5 Marks)

Question 2: Define Administrative Expense, Selling Expenses and Financial Expenses with 1 example of each. (5 marks)

Question 3: Define the term LIFO and FIFO (5 marks)

Question 4: A company has purchased a Motor Tractor for Rs. 900,000. Rate of depreciation is 10%. Calculate the amount of depreciation which will be charged to Income Statement for the first two years using diminishing method. (3 Marks)

Question 5: Amount of fixed asset, sundry debtors, current assets, investment, sundry creditors, current liability and equity was given in question. We need to calculate Long term liability. (3 marks)

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