VU Corner_ MGT101 Mid Term Solved Past Paper

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MGT101 Mid Term Solved Past Pa st Paper Paper

CS201 S201 (9) (9) MIDTER MID TERM M EX EXAM AMINATION INATION Fall 2009 MGT101- Financ Financial ial Acc Accou ounting nting (Session - 3)

CS301 CS 301 (5) (5) CS302 CS 302 (1) (1)

Ref No: 1048092 Time: 60 min Marks: 50

CS304 S304 (1) (1) CS401 S401 (1) (1)

Student Info

CS402 S402 (1) (1)

SttudentID: S

CS403 S403 (1) (1)

Center:

CS501 S501 (1) (1)

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12/19/2009 12:00:00 AM

CS504 S504 (1) (1) CS506 S506 (1) (1) CS507 S507 (1) (1)

Q No.

CS601 S601 (4) (4)

Marks

CS602 (1) CS602 (1)

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CS604 CS6 04 (2 (2))

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For Teacher's Use Only 1

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CS605 (1) CS605 (1) Q No.

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CS607 (1) CS607 (1) CS610 (1) CS610 (1)

Marks

ECO401 (12) ECO401 (12)

Q No.

ENG001 (1) ENG001 (1)

Marks

ENG101 (12) ENG101 (12)

Q No.

ENG201 (11) ENG201 (11)

Marks

FIN621 (2) FIN621 (2) Q No.

41

Good Night (1) Night (1) Good Night Images (1) Images (1)

Marks Follow

Good Night Photo (1) Photo (1) Good Night Pictures (1) Pictures (1)

Total Pageviews Question No: 1

( Marks: 1 )

- Please choose one

ISL201 (2) ISL201 (2)

1 8 8 8 6 2

We can say that the business is in profit, when: MCM301 (2) MCM301 (2) MCM311 (1) MCM311 (1) MGT101 (9) MGT101 (9) MGT301 (2) MGT301 (2)

► Assets exceed Expenditure ► Assets exceed Liabilities ► Income exceeds Expenditure ► Income exceeds Liabilities

MGT411 (4) MGT411 (4) Question No: 2

( Marks: 1 )

- Please choose one

MGT501 (1) MGT501 (1) MGT502 (1) MGT502 (1) MGT503 (2) MGT503 (2) MGT603 (9) MGT603 (9)

Cost incurred for the maintenance of shop is considered as _________. ► Deferred expense ► Capital expense ► Revenue expense ► Preliminary expense

MTH202 (1) MTH202 (1) Notice Board (VU) (4) (VU) (4)

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secure.calch.gdn If a business purchases machinery for Rs. 30,000 on 31st January 2008 having life of 10 years, this

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VU Corner: MGT101 Mid Term Solved Past Paper PAK301 (3) PAK301 (3) STA301 (4) STA301 (4)

expense will be realized ___________ under the concept of accrual accrual accounting. accounting. ► For the year 2008 only ► For the last day of 10th year only ► Over 10 years ► Nothing can be said about it Question No: 4

( Marks: 1 )

- Please choose one

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Word “Credit” is derived from ______ language. ► Latin ► English ► French ► Chinese Question No: 5

( Marks: 1 )

- Please choose one

According to the double entry entry system of accounting, an account account that that obtains benefit is: ► Debit ► Credit ► Income ► No need to show show as as accounting record Question No: 6

( Marks: 1 )

- Please choose one

Blog Archive An Asset that that is NOT physical in nature is called _________. ► 2016 (1) ► Intangible Asset ► Liquid Asset ► Current Asset ► Fixed Asset Question No: 7

► 2014 (10) ► 2013 (2) ► 2012 (14)

( Marks: 1 )

- Please choose one

▼ 2011 (153)

What would be the affect on the components of the accounting equation, if goods are purchased on cash?

► December 2011 (2) ► November 2011 (25) ► October 2011 (3)

► Increase in cash and decrease in equity ► Increase in cash and increase in goods ► Increase in goods and decrease in cash ► Increase in equipment and increase in equity

► September 2011 (2) ► August 2011 2011 (1) ► July 2011 (21) ► June 2011 (41)

Question No: 8

( Marks: 1 )

- Please choose one

Which of the following is CORRECT about the flow of recording a transaction? ► Occurrence of event – voucher—Journal—Ledger—Trial Balance—profit and loss account—Balance account—Balance Sheet

► Occurrence of event—Journal – voucher —Ledger—Trial —Ledger—Trial Balance—profit and loss account— Balance Sheet ► Occurrence of event—Ledger – voucher—Journal—Trial voucher—Journal—Trial Balance—profit Balance—profit and loss account— Balance Sheet ► Occurrence of event—Trial Balance – voucher—Journal—Ledger—profit and loss account— Balance Sheet

Question No: 9

( Marks: 1 )

- Please choose one

In an account, if credit side < debit side then the balance is known as: ► Negative Balance ► Debit Balance ► Positive Balance ► Credit Balance Question No: 10

( Marks: 1 )

- Please choose one

ENG101 Final Term past Solved Paper 2 ENG101 Final Term Solved Paper Must Watch Cobra vs Mongoose Eng101 Solved MCQ’s CS101 SOLVED MCQ’S Good Night Picture CS201 Grading Scheme of Must WatchPakistani ISI Beat CIA_ RAW and MI6 in...

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ENG101 Final Term past Paper3

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Bank book is part of: ► Voucher ► General Journal ► General Ledger The ► Trial Balance

▼ May 2011 (55)

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CS201 Solved Final Term Paper MCM311 latest paper midterm

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VU Corner: MGT101 Mid Term Solved Past Paper

While making Income & Expenditure account, Excess of income over expenses in a specified accounting period is called: ► Profit ► Loss ► Surplus ► Deficit Question No: 12

( Marks: 1 )

MGT411 Past Paper

- Please choose one

CS610 Past Mid Term Paper 2011 MGT603 Solved Past Mid Term Paper

► Net Profit ► Cost of Goods Sold ► Net Loss ► Gross Loss ( Marks: 1 )

MGT503 Solved Mcq,s, MGT503 Mid Term Past Paper

- Please choose one

ENG201 Mid Term Past Paper

Accrued expenses are the example example of: ► Current liabilities ► Long term liabilities ► Deferred costs ► Capital expenses Question No: 14

( Marks: 1 )

CS101 Solved Mcq,s Important Information Video

- Please choose one

CS605 Mid Term Past Paper

The favorable balance of Profit and Loss account should be: ► Added in liabilities ► Subtracted from current assets ► Subtracted from liabilities ► Added in capital Question No: 15

MGT411 Past Mid Term Paper MGT411 Past paper

Gross Profit > Operating Expenses=?

Question No: 13

MGT411 Solved Mid term Paper

( Marks: 1 )

Most beautiful Naat MCM301 Past Solved Long Question

- Please choose one

CS601 Past Mid Term Paper Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance). ► Capital account ► Sundry creditors account ► Accounts Accounts payable payable account ► Cash account Question No: 16

( Marks: 1 )

Eng201 Past Mid Term Paper Eng201 Past Mid Term Paper FIN621 Past Mid Term Paper

- Please choose one

Which of the following financial statement DO NOT show the financial health of a business at a specific date?

( Marks: 1 )

CS304 Past Mid Term Paper CS402 Past Paper

- Please choose one

In which of the following condition a company will have positive working capital? ► If current assets > current liabilities ► If current Assets < current Liabilities ► If current assets = current liabilities ► If current assets < current liabilities Question No: 18

( Marks: 1 )

- Please choose one

Which of the following particular is NOT included in the specimen of a payment voucher?

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CS101 Past Paper CS301 Past Mid Term Paper FIN621 Past Paper 12-052011 MGT501 Mid Term Past Paper ENG001 Mid Term Past Paper

► Name of organization ► Cash payment amount ► Date of transaction ► Bank receipt Question No: 19

CS602 Past Mid Term Paper CS604 Past Paper Mid Term Paper

► Profit and loss account ► Balance sheet ► Statement of financial position ► All of the given options Question No: 17

CS504 Mid Term Past Solved Paper

MGT101 Mid Term Solved Past Paper

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ENG101 Past Mid Term Paper CS506 Mid Term Past Paper

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VU Corner: MGT101 Mid Term Solved Past Paper CS101 Mid Term past solved paper

► Work in Process Inventory ► Raw Materials Inventory ► Finished Goods Inventory ► All of the given options Question No: 20

( Marks: 1 )

STA301 Past Mid Term Paper MGT101 Past Mid Term Paper

- Please choose one

MGT502 Past Paper

Following are the inventories of Manufacturing Concern EXCEPT : ► Raw material ► Work in process ► Finished goods ► Merchandise inventory Question No: 21

( Marks: 1 )

MTH202 Mid Term Past solved paper MGT301 Mid Term Solved Past paper

- Please choose one

ENG201 Past Mid Term Paper

The products that are ready for sale are known as:

CS501 Past Paper

► Raw material ► Work in process ► Finished goods ► Closing stock Question No: 22

( Marks: 1 )

CS401 Past Paper CS604 Past Paper - Please choose one

ENG201 Past Paper

Which of the following is an example of direct materials cost?

► February 2011 (3)

► Polish and finishing material for chair ► A piece of wood for the production of chair ► Production worker’s wages ► Depreciation expenses Question No: 23

( Marks: 1 )

Popular Posts PAK301 Final Term Past Solved Paper 3 FINALTERM EXAMINATION Fall 2008 PAK301- Pakistan Studies (Session - 2) Time: 120 min Marks: 75 Student Info StudentID: ...

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The total of all costs incurred to convert raw material into finished goods is known as: ► Prime cost ► Conversion cost ► Sunk cost ► Opportunity cost Question No: 24

( Marks: 1 )

- Please choose one

MGT101 Mid Term Solved Past Paper MIDTERM EXAMINATION Fall 2009 MGT101- Financial Accounting (Session (Session - 3) Ref No: 1048092 Time: 60 min Marks: 50 Student Info ...

In balance sheet fixed assets are shown at:

MGT301 Midterm Past Solved Paper MIDTERM EXAMINATION Fall 2009 MGT301- Principles of Marketing (Session - 3) Ref No: Time: 60 min Marks: 50 Student Inf...

► Cost price ► Market value ► Fair value ► Written down value (WDV) Question No: 25

( Marks: 1 )

Good Night Pictures

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A decrease in value of a fixed fixed asset due to age, wear and tear is known known as: ► Depreciation ► Accumulated Depreciation ► Appreciation ► Written Down Value Question No: 26

( Marks: 1 )

Good Night Picture

- Please choose one

R s MTH202 Mid Term Past solved paper . 1MIDTERM EXAMINATION Fall 2009 MTH202- Discrete , Mathematics Question No: 01 ( Marks: 1 ) - Please 0choose one The inve... , CS101 Mid Term 0 past solved 0 paper 0 CS101 Mid Term

Cost of asset

Life of asset

5

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VU Corner: MGT101 Mid Term Solved Past Paper r CS101 Solved Mid Term Paper sDownload Click Here Here R s ENG001 Mid Term Past Paper .MIDTERM EXAMINATION Spring 2009 ENG0011 Elementary English (Session 53) Question No: 1 ( Marks: , 1 ) - Please choose one A list 0of...

Depreciation for each year

0 0

Eng101 Solved MCQ’s R Eng101 Solved s MCQ’s Question No: 1 ( Marks: . 1 ) - Please 5 choose one Identify the best best 0 answer which is not a synonym , for ... 0 0 0

Sale price after 5 years

Written down value of asset at the end of 5th year

R s . 2 5 , 0 0 0

Profit or loss on disposal of fixed assets

?

► Rs.25, 000 profit ► Rs. 75,000 loss ► Rs. 15,000 profit ► Rs. 1, 00,000 profit Question No: 27

( Marks: 1 )

- Please choose one

All the costs costs incurred on the the incomplete assets up to the the balance sheet sheet date must be transferred to: ► Capital account ► Capital work in progress account ► Relevant asset account ► Owner's equity account Question No: 28

( Marks: 1 )

- Please choose one

Consider the following inventory record:

Date

I te m

Cost/Unit Rs.

Quantity

Total Rs.

Jan. 2

Beginning inventory

10

10

100

Mar. 4

Purchase

35

11

385

May 8

Purchase

40

12

480

Nov. 3

Purchase

20

13

260

De31

Merchandise available

105

1,225

80 units were sold, Use the FIFO method of inventory costing and determine the cost of goods sold. ► Rs. 1,225 ► Rs. 1,015 ► Rs. 965 ► Rs. 905 Question No: 29

( Marks: 1 )

- Please choose one

Consider the following inventory record: Date

Item

Quantity

Opening inventory

100

Rs.18.00

Mar. 4

Purchase

400

19.00

7,600

May 8

Purchase

800

20.00

16,000

Nov. 3

Purchase

500

21.00

10,500

20 2 007Jan. 2

Cost/Unit

Total

Rs.1,800

Four hundred units are unsold, Use the FIFO method of inventory costing and determine the value assigned to the 400 The units on handAntivirus at the end of the period. Only Provider Windows Users Should Opt ► Rs.7, 500

► Rs.7, 978

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VU Corner: MGT101 Mid Term Solved Past Paper ► Rs.8, 000 ► Rs.8, 400 Question No: 30

( Marks: 1 )

- Please choose one

Bank Reconciliation Statement is: ► A memorandum statement ► A ledger account ► A part of cash book ► A part of journal Question No: 31

( Marks: 1 )

- Please choose one

Which of the following asset is NOT depreciated? ► Factory Buildings ► Office Equipment ► Plant & Machinery ► Land Question No: 32

( Marks: 1 )

- Please choose one

The basic purpose of depreciation is to achieve achieve the: the: ► Matching principle ► Dual aspect principle ► Separate entity concept ► Money measurement concept Question No: 33

( Marks: 1 )

- Please choose one

Find out the missing value of an Accounting Equation with the help of given data: Cash

Rs. 22,500

Debtors Total Assets

Rs. 500 Rs. 80, 385

Accounts payable Total liabilities

Rs. 1,000 Rs. 20,000

► Rs. 82,385 owner’s equity ► Rs. 61,385 owner’s equity ► Rs. 99,885 owner’s equity ► Rs. 99,385 owner’s equity equity Question No: 34

( Marks: 1 )

- Please choose one

Firms charge depreciation each year: ► To ensure there is enough money in the firm to replace the asset ► To spread the cost of the asset over its working life ► To reduce the profit profit and thus reduce reduce the dividends they they can pay to share holders holders ► Because the law states they must be reduced Question No: 35

( Marks: 1 )

- Please choose one

Consider the following data: Particulars

Assets Owner's equity

Rs.

8,20,000 3,80,000

Liabilities

?

► Rs. 1, 98,000 ► Rs. 49,000 ► Rs. 55,000 ► Rs. 4, 40,000 Question No: 36

( Marks: 1 )

- Please choose one

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VU Corner: MGT101 Mid Term Solved Past Paper ► Original cost minus Residual value ► Written down value minus Accumulated depreciation Question No: 37

( Marks: 1 )

- Please choose one

An estimate estimate of the income income and expenses needed needed to carry out business plans for for a fiscal year is known as: ► Budgeting ► Costing ► Management ► Auditing Question No: 38

( Marks: 1 )

- Please choose one

Unfavorable balance of the cash book means: ► Credit balance in cash book ► Credit balance in pass book ► Debit balance in cash book ► All of the given options Question No: 39

( Marks: 1 )

- Please choose one

Net Profit + Expenses= _________ ► Liabilities ► Assets ► Capital ► Income Question No: 40

( Marks: 1 )

- Please choose one

What would be the value of conversion cost, if the cost of material consumed during the month is Rs. 5,000, labor cost incurred is Rs. 2,000 and the factory over head cost is Rs. 1,000?

► Rs. 3,000 ► Rs. 8,000 ► Rs. 7,000 ► Rs. 5,000

Question No: 41

( Marks: 10 )

The following are some of the causes of difference between the Cash Book and the Pass Book balances. If you start with the Cash Book (Dr.) balance in Bank Reconciliation Statement, will you add them or deduct? Particulars

Add/Less

1.

Cheques issued but yet not paid by bank.

less

2.

Cheques deposited but not credited by bank.

less

3. Amount directly directly deposited into into bank by a customer but not not recorded in the Cash Book.

add

4.

Dividend collected by bank but not entered in Cash Book.

add

5.

I ns ns ur ur an anc e p re remi um um pa id id b y b an ank bu t n ot ot r ec ec or ord ed ed in C as ash Bo ok ok .

l es es s

6.

Cheque deposited but no entry was made in Cash Book.

add

7.

Ba nk nk c ha ha rg rg es es de bi bi te te d b y b an an k b ut ut n ot ot c re red itite d in th e C as as h Bo ok ok

le ss ss

8.

Inte Intere rest st on over overdr draf aftt debi debite ted d by by ban bank k but but not not rec recor orde ded d in in Cas Cash h Boo Book. k.

less less

9.

Cheque issued but wrongly debited in Cash Book

less

10. Interest credited by bank but not recorded in cash book

add

Assignments

Conditions

Exam Results Results

Payment

Examination

Posted by Muhammad Shahid at 7:04 AM Labels: MGT101

Accountancy

Capitals

5 Year Year

60 Min

Account Balance Balance

Assignments

Conditions Results Results Payment The Only AntivirusExam Provider Windows Users Should Opt For... The Only Antivirus Provider Windows Users Should Opt For (2018) 11 comments:

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VU Corner: MGT101 Mid Term Solved Past Paper saym December 1, 2011 at 4:50 AM

this is a good paper's its help me in midterm's.so i am very thankful to the cearter of this site. Reply

December 1, 2011 at 10:12 AM

Muhammad Shahid

Thanks Reply

Unknown June 9, 2016 at 12:01 AM

very helpful Reply

Muhammad Luqman December 28, 2016 at 7:13 AM

Helpful papers thanks you so much Reply

Munaza Ghafoor June 3, 2017 at 7:57 AM

really gud.....and easy tooo... Reply

Unknown June 7, 2017 at 10:29 PM

one question was to find the acccounting equation total assets were of RS 80385 i could not find answer can u tell how did u find it ? Reply

Ansar Ali March 9, 2018 at 9:27 AM

MTH501 finalterm solved past paper megafile by reference Reply


Very Good Per in main Sb 28 no ka Ans wrong Ha Reply


Good struggle Reply

Unknown July 2, 2018 at 9:46 AM

Download kaisay karun in papers ko please give me suggestion... Reply

Rashid Latif December 12, 2018 at 10:15 PM

Press Ctrl+P and this file will be saved as PDF in your computer. there are two options to save it 1. to print it and second to save it as PDF. Reply

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