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MGT101 Financial Accounting All VU Final Term Exams From 22nd of August 2015, to 2nd September, 2015.

MGT101 Financial Accounting All VU Final Term Exams From 22nd of August 2015, to 2nd September, 2015.

Share Your Current Final Term Papers Here in Reply of this Discussion

May Allah Give Us Success in Every Exam (Ameen)

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Kuch important questions he bata doo 

My today paper MGT101 Spring 2015 (Mjy to ksi ny btya ta, pr m bta rha hn )
Total 50 Questions (40 MCQs & 10 Subjective)
MCQs mostly of Calculation. (Study past papers recommended)
Questions are also of Calculation, mostly i.e Different Details/table were given and ask for CALCULATION. These TOPICs are
(A)
1 Premium Share
2 Cash Receipt
3 Amount of Turnover Creditor Ratio and Payables
4 Direct and Indirect expenses
5 Net Profit Ratio and Creditor Turnover Ratio
6 Operating activities
(B) One question from Rectifying Error, the entries were given and asked to correct them from given options.
(C) Asked for Current Account to make from given data/table
(D) One from Debentures
Dua m yad rkna!!!

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mere 8 bajy paper ho gaya ha detalis listed below
55 questions
47 mcqs
4 for 3 m
4 for 5m
objective normal tha.
subjective conceptual tha or normal tha ,
CGS . PARTNERSHIP,cash flows per focus tha, ian topics ko her tarak or dayhan say karna , with concept. objective +subjective dono,
NP fine karna that .
cash or cash equivalnts ka 3 maks ka question tha theory ka.
is there provision for doubtful is a operating exp? 3 marks.
bs yar yahe yad a raha ha 

for more papers, please go through this link

http://assignmentsolution.net/viewtopic.php?f=40&t=164

Mere MCQs therotical thay. calculation bht kum thi or tough paper tha 

my first exam is mgt101 on sat 22 aug , 

any important long questions from 23 to 40 lectures , 

please help

I need help to discuss few points with some member before exam regarding subjective questions. If person is really good and helpful i might pay as well. Kindly email me at hamzaf@gmail.com

helo bro contact me i am ready to help you 

just done my paper mgt101 final . seems not gonna pass , 

might be my question will help you prepare.

Q1 - Briefly describe Cost of Goods Sold and cost of goods manufactured.

Q2- Pass a journal entry for profit distribution to partners "X" and "Y" in partnership firm under fluctuating capital accounts policy. 

  • Profit distributed to partner-X Rs. 22,000

Profit distributed to partner-Y Rs. 14,000

Q3-What is the importance of Statement of Changes in Equity (SOCE) and also discuss the purpose of its preparation from financial statement view point

Q- 

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

  1. Furniture purchased on cash Rs.100,000 for use in business but wrongly debited to purchases account 

Furniture sold on cash Rs.200,000 purchased for use in business but wrongly credited to sales account

Q--

Write down a brief note on "Authorized Capital” and "Share".

Q- 

Show the Fixed Assets at written down value in Balance Sheet with complete working. 

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Depreciation Rate:

  • Plant @ 9% 
  • Buildings @ 6% 

         Tools @ 11%

Q-- 

Prepare a Provision for doubtful debts (Balance Sheet) account based on the extracted balance sheet of Angro (Pvt.) Ltd. in the year ended June 2014:

  • Bad debts Rs. 4,000
  • Provision for bad debts Rs. 5,000

Additional information:

Provision for doubtful reduced to Rs. 2,000

Q-- 

Following information has been taken from books of Star Limited.

Particulars

Rs.

Authorized Capital 150,000 shares @ Rs. 10/each

1,500,000

Issued & paid up capital 

200,000

Accumulated Profit on 01-01-2014

50,000

Net profit 31-12-2014

125,000

Cash 

70,000

Bills payable 

3,000

Trade creditors

2,000

Debtors

5,000

Dividend is declared @ 5% for the year

Fixed Assets at WDV

500,000

Bills Receivable 

3,000

Closing Stock 

5,000

General reserve

243,000

Requirement: Prepare Balance Sheet at the end of December 31st, 2014

 

Q--- 

You are required to pass rectifying journal entries for each of the following case?

  1. Salary of Rs. 20,000 received but credited to wages account.

Furniture of Rs. 400,000 sold by a trader purchased for resale purpose on cash basis wrongly passed through purchase book.

 

Q-- 

Write a brief note on each of the following:

  1. Cash flow statement 
  2. Debentures
  3. Issuance of shares at premium 

Notes to the accounts

please share answers if any one knows , because i will give this exam next time also 

Following information has been taken from books of Star Limited.

Particulars

Rs.

Authorized Capital 150,000 shares @ Rs. 10/each

1,500,000

Issued & paid up capital 

200,000

Accumulated Profit on 01-01-2014

50,000

Net profit 31-12-2014

125,000

Cash 

70,000

Bills payable 

3,000

Trade creditors

2,000

Debtors

5,000

Dividend is declared @ 5% for the year

Fixed Assets at WDV

500,000

Bills Receivable 

3,000

Closing Stock 

5,000

General reserve

243,000

Requirement: Prepare Balance Sheet at the end of December 31st, 2014

----------------------

BALANCE SHEET 31ST DECEMBER 2014

 

 

FIXED ASSETS AT WDV                                                           500,000

                                                                             -------------------------

CURRENT ASSETS

Debtors                     5,000

Cash                         70,000

Closing Stock              5,000

Bills Receivable          3,000

                                                                                       83,000

                                                                        -------------------------

CURRENT LIABILITIES

Bills Payable               3,000

Trade Creditors           2,000

Dividend @5%           10,000

                                                                                       15,000

                                                                         ------------------------

WORKING CAPITAL                                                              68,000

                                                                         ------------------------

NET ASSETS EMPLOYED                                                       568,000                                                                                        ------------------------

------------------------

AUTHORISED CAPITA                                                          500,000

                                                                          ------------------------

ISSUED – PAID UP CAPITAL                                                  200,000

GENERAL RESRVE                                                               243,000

NET PROFIT ON 31-12-2014                                                  125,000

                                                                          ------------------------

                                                                   TOTAL           568,000

                                                              ----------------------------------

------------------------

ye balance sheet mere papaer main b i thi lakin equal nai hova answer

Assets:

Fixed assets                              =  5,00,000

Closing stock                             = 5,000

Bills recivable                            = 3,000

Debtors                                       = 5,000

Cash                                             = 70,000

Total                                              5,83,000

Capital & Liabilities

Authorized capital

1,50,000 shares @ 10 each                       15,00,000

Issued & paid up capital                             2,00,000

Net profit                                                        1,25,000

Dividend                                                          10,000

Trade creditors                                                2,000

Bills payable                                                       3,000

General reserve                                                2,43,000

Total                                                                    5,83,000

i am trying wt

Q no 4 ka answer:

1) furniture a/c 1,00,000

                    purchases a/c 1,00,000

-------------------------------------------------------

2) sales a/c 2,00,000

                 furniture a/c 2,00,000

--------------------------------------------------------

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