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VU Past Papers, MCQs and More


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but in in case of salary paid to sohail, cash will be credit because its our expense and is decreasing and salary account of sohail will be debited because its his revenue and is increasing

Thanks*  !

dear..almost your 12 mcqs are not correct.... 

ap is ke rite ans post kr do


thnx dear :)

#1 cash account

#2 income statement

#3 easily convertible in cash

#4 49000

#5 credit

#6 F.G inventory

#7 purchases and A/P

#8 33%

#9 cash account

#10 direct labor cost

#11 voucher

#12 opening raw material+purchases-ending

#13 15000 (opening+purchases&freight-ending=CGS)

#14 posting

#15 revenue expense

#16 salvage value

#17 cost of goods manufactured

#18 51000 by using (revenue{gross profit+discount received} _ expenses{salaries+rent})

#19 20% 

#20 cash book showing less balance

formula used to find rate of depreciation by diminishing method is written in this picture

where n=estimated life

RV= residual value and C=cost

and the formula used in straight line or fixed installment or original cost method to find rate is:

amount of depreciation/cost *100

where amount of depreciation in this method can be find out by using: 

amount of depreciation - Cost-RV / estimated life or useful life

my quiz 


bhai i believe tumne sab answer thek diya hai ..keep it up..and fb pe 17 notification hai ub tw check kerlo :)


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