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Current Final Term papers of this subject will be shared here During Exam.

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Please Share your Current Papers Questions/Pattern here to help each other.

Thanks Current Final Term papers of this subject will be shared here During Exam.

Dear Fellow today i gave Paper of MGT101

total 64 Question total Marks 88

56 MCQs of 01 Mark each

4Question of 3 Marks each

4Question of 5 Marks each

80% of MCQs are from this uploaded file

Attachments:

thank u.....abdullah....n pray for us

Abdullah Khan  

question ki detail da plz

ap ka pas sa mgt101 ka crunt paper mel jya ga 

vustudents.ning.com/group/mgt101financialaccounting1

Discussion Forum ma 3rd discussion by sana sunny check out sub material milaga khanzada

total 64 Question total Marks 88
56 MCQs of 01 Mark each
4Question of 3 Marks each
4Question of 5 Marks each

almost all mcqs were from past papers.
long qstion that i rmember are:
1-define cash flow with the example of operating activity
2-explain capital receipt and revenue receipt
3-creat current account of partners A and B with data.(data not remembered)
4-with the help of equation of equity explain business separate entity concept.

AOA (Mujahid Hussain of D G khan)
hi everybody aj mera paper tha mgt101 ka 
total Question 64 
mcq 56
long question 8
almost all mcqs were from past papers 2009 2010 2008
question 1 calculate current account of mr A
opening current account of A 4000
salary of A 3000
drawng of MR A 2000
distribution of loss A 5000
Question no 2 calculate material consumed data no rember
Question no 3 third question is bank reconcilation statement related
Question no 4 calculate fixed assets of total 
building 2000
inventory 3000
furniture 12000
cash in hand 3000
debitors 4000
mechinery 3000
Question no 5 
calculate openging stock is mising 
closing stock is 400000
sales is 600000
gross profit 25% of sales
cost of goods sold is 19000000
Question no 6
capital expenditurs related 
rember me in prayers thanx

MGT101 paper current

Attachments:

Following is the information of “A” and “B” of their partnership business.
 Opening balance of A’s current account and B’s current account Rs.
10,000 and Rs. 20,000 respectively
 Profit distributed to “A” and “B” Rs. 1,000 and Rs. 2,000 respectively
 Drawings of “A” and “B” Rs. 3,000 and Rs. 4,000 respectively
Required:
Prepare Partners current accounts of “A” and “B” based on the
above information.
Following is the information of “A” and “B” of their partnership business.
 Opening balance of A’s current account and B’s current account Rs.
10,000 and Rs. 20,000 respectively
 Profit distributed to “A” and “B” Rs. 1,000 and Rs. 2,000 respectively
 Drawings of “A” and “B” Rs. 3,000 and Rs. 4,000 respectively
Required:
Prepare Partners current accounts of “A” and “B” based on the
above information.
OPENING BALANCE OF A's CURRENT ACCOUNT= 10,000
PROFIT DISTRIBUTED = 1000
DRAWINGS = - 3000
CURRENT ACCOUNT A = 8000
OPENING BALANCE OF B's CURRENT ACCOUNT = 20000
PROFIT DISTRIBUTED = 2000
DRAWINGS = -4000
CURRENT ACCOUNT B = 18000
2OPENING BALANCE OF A's CURRENT ACCOUNT= 10,000
PROFIT DISTRIBUTED = 1000
DRAWINGS = - 3000
CURRENT ACCOUNT A = 8000
OPENING BALANCE OF B's CURRENT ACCOUNT = 20000
PROFIT DISTRIBUTED = 2000
DRAWINGS = -4000
CURRENT ACCOUNT B = 18000
XYZ manufacturing business has the following information:
 Plant & machinery at cost Rs. 100,000
 Office equipment at cost Rs. 200,000
 Opening depreciation of Plant & machinery Rs. 20,000
 Opening depreciation of Office equipment Rs. 40,000

Additional information:
 Depreciation to be charged on Plant & machinery and Office equipment at
10% on cost.
Required:
Calculate the fixed assets at written down value.
ANS
Plant & machinery at cost Rs. 100,000
100000*10%=10000
DEPRICIATION 20000
DEP OF 1ST YEAR20000*10%= 2000
WDV = 18000
Office equipment at cost Rs. 200,000
200000*10%=20000
DEPRICIATION 40000
DEP OF 1ST YEAR40000*10%= 4000
WDV = 36000
What do you know about Ledger? Why the ledger is called “King of all
Books”.
THE LEDGER IS A BOOK WHICH CONTAINS A CONDENSED AND
CLASSIFIED RECORD OF ALLTHE PECUNIARY TRANSACTIONS OF THE
BUSINESS GENERALY BROUGHT , TRANSFER OR POSTED FROM THE
BOOKS OF ORIGNAL ENTRY.THE LEDGER IS CALLED THE KING OF ALL
BOOKS OF ACCOUNTS BECAUSE ALL THE ENTRIES FROM THE BOOKS
OF ORIGNAL ENTRY MUST BE POSTED TO THE VARIOUS ACCOUNT
INTHE LEDGER.
10 % Debentures of Rs. 80,000 are shown in trial balance. How it will be
shown in financial statements (Profit & loss account and Balance sheet)?
Also mention why a company issues debentures.
10 % Debentures of Rs. 80,000 are shown in trial balance. How it will be
shown in financial statements (Profit & loss account and Balance sheet)?
Also mention why a company issues debentures.
State whether the following are capital or revenue expenditure.
1. Expenses incurred in connection with obtaining a license for starting the factory
were Rs. 25,000.
2. Rs. 600 paid for removal of stock to a new site.
3. Rings and Pistons of an engine were changed at a cost of Rs. 10,000 to get full
efficiency.
Differentiate between the issuance of shares at premium and issuance of shares
at discount

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