MGT101 Final Term Papers Spring 2020 & Past Solved Papers, MCQs for Exam Preparation
MGT101 Share Your Current Final Term Papers Spring 2020 (05 September 2020 Onward) (Questions/Pattern) & Past Papers as well here to help each other. Thanks
MGT101 Solved MCQs, Short Notes, Solved Past Papers, Solved Online Quizzes, E-Books, FAQs, Short Questions Answers & More. You must view all the featured Discussions one by one in this subject group by clicking on the below link
MGT101 |
Tags:
MGT101 Solved MCQs, Short Notes, Solved Past Papers, Solved Online Quizzes, E-Books, FAQs, Short Questions Answers & More. You must view all the featured Discussions one by one in this subject group by clicking on the below link
MGT101 |
MGT101 VU Current Final Term Papers Spring 2020
#MGT101 Final Term Current Paper 2020
Itna easy ni tha
Mcqs 40 aor questions 10 thay
1. Repaired expense and outstanding expense
2. Calculate the net gross profit
3
Calculate the amount of cost of good sold,and sales
4. Find closing balance and make debtors account or jounarls tha
Baqi question bi is say related thay tables diy thay or khuch na khuch find kerna tha definition koi ni thi bus
MGT101 Current Papers Final term Spring 2020
MGT101 current paper | 10-09-2020
Question 41. 3 marks
Pass two separate journal entries based on the following information.
1.
Dr. Cr.
Bad debts 30,000 Rs.
Provision for doubtful debts (Balance Sheet) 30,000 Rs
2.
Dr. Cr.
Provision for doubtful debts (Balance Sheet) 30,000 Rs.
Bad debts (profit and loss account) 30,000 Rs
Briefly explain the Fluctuating Capital concept with reference to partnership.
Particulars Debit
Rs. Credit
Rs.
Debentures 80,000
Creditors 24,356
Debtors 37,178
Rental income 27,000
The following notes are relevant to June 30, 2016
Following information has been extracted from the books of Mehran Company as on June 30, 2016. You are required to calculate the amount of Net Sales from the information given below.
Particulars Rs.
Gross sales 245,500
Gross profit 118,000
Carriage outwards 5,750
Insurance 8,000
Returns inwards 16,500
What original journal entry should have been passed in each of the following case?
Dr. Cr.
Bank Account 400,000
Rent Account 400,000
Dr. Cr.
Cash Account 500,000
Rent Account 500,000
Carefully read the examples provided in the following table. You are required to identify whether these are Operating, Investing or Financing activity by filling the format.
Examples
Categories
Dividends
Financing activity
Change in Long term debts
?
Change in Deferred income tax
?
Change in Common stock
?
Proceed from sale of Machinery ?
Gain from sale of Machinery
?
From the following particulars of ABC Travels, prepare a Bank Reconciliation Statement as on 31st December 2017.
Favorable balance as per cash book Rs. 40,000
Cheque amounting to Rs. 16,000 issued during the month but not presented in the bank till 31st December 2017.
Cheque amounting to Rs. 15,000 deposited into the bank during the month but not credited in the bank till 31st December 2017
|
|
|
|
|
|
Prepare the Debtor’s Control accounts and individual Debtor’s ledger account based on the following Sales Journal.
Sales Journal
Date Invoice # Description (Name of Debtor) Rs. Rs.
2016
July 03
July 20
Malik & Sons:
03 bags @ Rs. 500
Rahim & Sons:
05 bags @ Rs. 200
1,500
1,000
Total 2,500
You must post the above transactions into the following relevant account format.
Debtors Control Account
Debit Credit
Particulars Rs. Particulars Rs.
Total Total
Malik & Sons Account
Debit Credit
Particulars Rs. Particulars Rs.
Total Total
Rahim & Sons Account
Debit Credit
Particulars Rs. Particulars Rs.
Total Total
On July 01, 2016 the opening finished goods inventory of Thal Textile (Pvt.) Ltd. was Rs. 250,000. During the accounting period cost of goods manufactured was Rs. 1,800,000, cost of goods sold was 1,575,000 and closing work in process was Rs. 15,000.
Required
Calculate the value of “Closing Finished Goods Inventory” from the information given above.
© 2021 Created by + M.Tariq Malik.
Powered by
Promote Us | Report an Issue | Privacy Policy | Terms of Service
We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.
We are user-generated contents & non-commercial site. All product, videos, pictures & others contents on site don't seem to be beneath our Copyrights & belong to their respected owners & freely available on public domains. All Contents on site are for personal & non-commercial use.We believe in Our Policy & do according to them. If Any content is offensive in your Copyrights then please email at m.tariqmalik@gmail.com with copyright detail & We will happy to remove it immediately.
Management: Admins ::: Moderators
Awards Badges List | Moderators Group
All Members | Featured Members | Top Reputation Members | Angels Members | Intellectual Members | Criteria for Selection
Become a Team Member | Safety Guidelines for New | Site FAQ & Rules | Safety Matters | Online Safety | Rules For Blog Post