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MGT101 Final Term Papers Spring 2020 & Past Solved Papers, MCQs for Exam Preparation

 

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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 Today Paper 
Aaj ka mgt101 ka paper
Mera ho gia hai paper easy tha 40 mcqs the or 10 short questions the jis main one question main explanation of issuance of certificate of company ke bare tha or baki
Net cash flow of investment activities find karne the.
Partner current account bana tha ye bhi ak question tha
cost of manufactured statement
bank reconciliation statement main sa bhi aya tha
MGT 101 today paper is done.
Mcqs all conceptual mostly credit K bare m the khuch sole proprietor K topic s the cash flow statement K topic s khafi zayda the.
Original entery ko prefer kark enteries bnani thi
Operating expense calculate Karne the profit and loss accumulation account bnana Tha.
Cash flow investing statement bnani thi.
Every one remember me prayers.

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. For creating provision for doubtful debts of Rs. 30,000 by considering bad debts as an expense.
  2. For closing bad debts expense account of Rs. 30,000 to profit and loss account.

 

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

 

  1. 42 3 marks

Briefly explain the Fluctuating Capital concept with reference to partnership.

 

  1. 43 3 marks

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

  • Stock on June 30, 2016 51,060
  • Rent received but not yet earned 2,120.

 

  1. 44 03 marks

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

  1. 45

What original journal entry should have been passed in each of the following case?

  1. Rent received through cheque for Rs. 400,000 wrongly debited to cash account.

     Dr.                          Cr.

Bank Account                    400,000

Rent Account                      400,000

  1. Rent received through cash payment of Rs. 500,000 wrongly debited to bank account

  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

                ?

 

 

  1. 47 5 marks

 

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.

 

 

  1. No. 50 List of Components of Financial statements. 5
Mgt101
Today 11Am (September 12th, 2020)
1. Mcqs tmam new thy, koi b past ppr m se thy ni tha
Subjective
1. Brief Fixed Capital
2. Brief Nominal capital
3. Create Partner acount from given sheet
4. This balance sheet is taken from abc co. On june 30, 2016, found accumulated profit of june 30, 2015.
5. Create current asset sheet from given trail balance
6. Found Capital & liabilities form given balance
In short, paper was tough.
Mgt101 today's paper
Time 11:00 am
Cash flow sy related kafiii mcqs aey
Rectifications erros main sy bhi mcqs aey aur working capital ka Formula ye mcq do dafa aya baqi debit credit sy related zadya mcqs thy aur lec 39,41,42 main sy kafi mcqs aey main ne just starting k 3,4 pages hi parhy thy glossary k aur us main sy 5,6 mcqs aey thy objective easy thy numericals ak hisab sy thy hi nai but subjective 2 question theory aur baqiii sara numericals thy
* note to an account* 5 marks ka aya tha aur long term loans and short term loans 3 marks ka aya ye question
Baqi numericals main creditors aur debitors control account banna tha... Rectify error ka question tha baqi bhool gya
mgt101 easy tha 40 mcqs the or 10 short questions the jis main one question main explanation of issuance of certificate of company ke bare tha or baki
Net cash flow of investment activities find karne the.
Partner current account bana tha ye bhi ak question tha
cost of manufactured statement
bank reconciliation statement main sa bhi aya tha
Aaj ka mgt101 ka paper
Mera ho gia hai paper easy tha 40 mcqs the or 10 short questions the jis main one question main explanation of issuance of certificate of company ke bare tha or baki
Net cash flow of investment activities find karne the.
Partner current account bana tha ye bhi ak question tha
cost of manufactured statement
bank reconciliation statement main sa bhi aya tha
MGT101 Latest Final Term Papers Spring 2020
Today Current Paper Mgt101
15-09-2020
8:00 AM
Mcqs Question:
Mostly Debit&Creditor Accounts
Bank Reconciliation Statement
Rectification of Errors
Cash flow statement
Subjective Questions:
Q.1 Rectification of Errors Marks 3
Q.2 Make Profit and Loss Approciation Account from Trail Balance. Marks 5
Q.3 Make a Profit and Loss Account fron Trail Balance. Marks 5
Q:4 Calculate Gross profit, Operating Profit and Net profit from Trail Balance. Marks 5
Q:4 Make a Current Account of Distributed Profit. Marks 5
Q:5 Calculate the Ratio of three partners. Marks 3
Q:6 Make a Rent Account from given data.Marks 3
Q:7 Make a Partnership Account. Marks 5

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