MGT401 Current Grand Quiz + Mid Term Quiz Fall 2020 Preparation Material Due Date: 26-12-2020
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MGT401 Financial Accounting II Accounting, Banking & Finance
MGT 401 All in One Quiz 1-45 Lectures
By Nawaz Chaudhry
Concept of Related Parties is defined in:
Formula (100,000/20%=80,000/2year, =40,000)
______method of recognition and shown separately in the balance sheet as long- term assets.
Opening stock was 10 units at 2 each.
Purchases were 30 units at Rs. 3 each, and
Then issues of 12 units were made, followed by issues of 8 units. Closing stock is valued at:
Formula:(OS (10) +PU (90) -(OS)10-20) =60