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Quiz-1 of MGT-101 dated: 07 May,2014 100% solved

Dear all,

Attached is my today's MGT-101 Quiz;  I have solved it and In Sha Allah it is 100% correct 10/10....Do remember me in your prayers....Best of luck to all for the quiz...Do also share your quiz in this discussion so that other student may benefit from it.

Regards

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Permalink Reply by + Ahmad on May 9, 2014 at 2:39pm

-> Quiz No.01 Attempt Date : May 09, 2014 : 2:00 PM


Q1 .In which of the following all vouchers are first recorded
General Journal *
General Ledger
Balance Sheet
Trial Balance

Q2. Which of the following is used to calculate Gross Profit?
Expenses + Revenues
Assets – Liabilities
Revenue – Labor
Net Revenue – Cost of Goods Sold *

Q.3 The process of transferring journal entry information to the ledger is called:
Journalizing *
Posting
Balancing
Analyzing

Q4. The proper classification of Cost of Goods Sold account is:

expense account *


Q.5 if debit side of a ledger is greater than credit side, the balance will be called as

Debit Balance
Credit Balance *
Excess Balance
None of the above

Q.6 In which of the following Gross Profit is calculated?

Balance Sheet *
Trading Account
Appropriation Account
Receipt and Payment Account

Q.7 The term "Debit" is drived from______________ language.

Latin *
English
French
Chinese


Q.8 Which of the following statements is also called as position statement or a statement of condition?
Income Statement
Cost of Goods sold
Statement of owner’s equity
balance sheet *


Q.9 Which of the following account summarizes the profitability of business for a specific accounting period?
Profit & Loss account *
Cash flow statement
Receipt & Payment account
Balance Sheet

Permalink Reply by + M.Tariq Malik on May 9, 2014 at 7:07pm

Ahmad  thanks for sharing 

Permalink Reply by +Shakeel Ahmad on May 9, 2014 at 7:44pm

Today's solved/attempted quiz

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Permalink Reply by + M.Tariq Malik on May 9, 2014 at 8:01pm

Fighting Falcon Shakeel  thanks for sharing 

Permalink Reply by danish raza on May 9, 2014 at 8:04pm

open ni ho rehi pdf file

Permalink Reply by + M.Tariq Malik on May 9, 2014 at 9:18pm

danish raza  

Files are ok

Download PDF Files without IDM.

Internet download manager ko uninstall karo

then downlaod kro, IDM files ko damage kar daita ha

 

Or

 

PDf files IDM (Internet Download Manger) k sath download kerty waqt ALT Key Use  krain means Alt  push kye rkhyn jub tak fil download na ho jae  to PDF files sahi open hon gi

 

Or Check these links

Problem in downloading .pdf files or Past Papers Solved

 

PDF File Downloading Solution from Ning

 

Or

Download files without Uninstall IDM

 

Permalink Reply by + M.Tariq Malik on May 10, 2014 at 5:13am

MGT Online Quiz#1, Question#1

My Quiz, Question#2

My Quiz, Question#3

My Quiz, Question#4

My Quiz, Question#5

My Quiz, Question#6

My Quiz, Question#7

My Quiz, Question#8

My Quiz, Question#9

My Quiz,

 Question#10

Permalink Reply by Javeria Younas on May 22, 2014 at 10:47pm

Question No: 19 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for each year Rs. 5,000
Sale price after 5 years Rs.50,000
Book value of Asset after 5 years ?
► Rs.25, 000
► Rs. 75,000 ans
► Rs. 15,000
► Rs. 1, 00,000


Question No: 26 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for each year Rs. 15,000
Sale price after 5 years Rs.50,000
Written down value of asset at the end of 5th year Rs.25,000
Profit or loss on disposal of fixed assets ?
► Rs.25, 000 profit ans
► Rs. 75,000 loss
► Rs. 15,000 profit
► Rs. 1, 00,000 profit

Question No: 7 ( Marks: 1 ) - Please choose one
Economic resources owned by a business and expected to benefit for the future
operations are called:
► Expenses
► Assets
► Capital
► Liabilities

Question No: 27 ( Marks: 1 ) - Please choose one
The cost of moving plant and machinery to a new site will be treated as:
► Revenue expense
► Capital expense
► Administrative expense
► Operating expense
Question No: 28 ( Marks: 1 ) - Please choose one
Interest on loan paid by business is an example of :
► Deferred expense(not Confirm)
► Revenue expense
► Capital expense
► None of the given options

anyone can ans???

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