Virtual University of Pakistan Study forum !
today was mine mgt101 exam. i am zero in accounting & i prepare for exams from past papers. almost 70% mcqs was from past papers. i can't remembr the quistion, but here are some information about mgt101 exam, may it helpfull for u.
objective part of paper was from lec 24 to 45. all questions was about bank stements & a ledger etc.
shareholders of a compny are going to make a patnership to ltd compny,briefly explain that why ltd company batter than paetnership. best of luck & plz prayer for my success
mcqs from past paper
Q.1 Determine Sales For The Current Period From The Following Information For Ali Baba(Pvt)Ltd.Show Complete Working.
Total Factory Cost Rs 500,000
Opening Inventory W.I.P =300,000
Closing Inventory W.I.P =150,000
Finish Good Inventory Decrease By= 75,000
Gross Profit In 25% Of Cost Of Good Sold
Q.2 Net Cash Flow From Financing Activities
Operating Profit Before Working Capital Changes =37,154
Debenture Certificate Matured =120,000
Dividend And Interest Received =5,500
Dividend Paid = 7,000
Loss On Disposal Of Fixed Asset= 5,000
Issues Of Share In Current Year =75.000
Q.3 M.R Ali Purchased Goods Amounting Rs 50,000 From Mr.Akram On Credit.Mr Akram Offered Discount 10% If They Would Receive The Due Amount 10 Days From The Date Of Transaction Mr Ali Paid The Due Amount Of Rs 50,000 With In Discount Period Plz Necessary Journal Enteries In The Book Of Mr.Ali?
Q.4 Following Information Is Available for Abc Trader
Opening Balance Of Creditors Control Account Rs= 150.000
Total of Cash Sales = 44,000
Total Sale Journal =35,000
Total Purchase Journals = 55,000
Bad Debts Written Off = 10,000
Total Receipts From Debtors = 25,000
Q.5 Public Limited Company Have Many Option To Increase It Share In The Stock Market .You Are Write Just Three?
Q.6 Plz Explain The Fixed Capital Expense With Determine To Partnership?
1. Incremental budgeting .[3marks]
2. Differences in perceptions (communication barrier). [3 marks]
3. Internal control methods of administrative control .[3marks]
4. National finance commission 2 characteristics .[3 marks]
5. NFC 1990 (divisible) pool divided between federal and provinces. [3 marks]
6. Reinforcement theory. [5marks]
7. Grape wine communication. [5marks]
8. Weakness of devolution 1990. [5marks]
9. Effective communications..
50% Mcqs previous papers
# calculate net sales
# calculate net purchase
# rectify of error sy 2 entries thein
1.rent received 400000 by cheque but wrongly
debit cash acount
2. rent received 500000by cash but wrongly
# Cost of goods sold sy kuch value thein un sy
total factory cost calculate krna tha
# Net profit calculate krna tha
# Accruals and provision differentiate etc
Today mgt101 paper mcq 40 all are conceptual
Table di howi thi 2nd column me likhna tha cash book exeed bank statement or bank statement exeed cash book disagreement the me ye do btane the
What is meant statment of equity and what cause for changing
Changes in equity ke factor likhne the
Journal entry pass krni thi credit sale ,sale reutun ,account received
Journal entry pass krni thi sales on credit to Mr.akram recpit chq and debit to cash book phr next me debit bank book kia cash liya tha rectify krna tha
Operating cash flow calculate krna
Operating cash flow krna values given thi table me os me expect amount BH thi
Current asset and net asset employees calculate krna tha balance sheet figure di howi thi subjective bht hi halwa tha
MY today MGT 101 paper:
1. Markup on drawings is treated as __________ in _________________________ in partnership firm.
2. Authorized share capital is also known as______
3. Gross sale =
4. Non-cash item in cash flow statement
5.Which of the following has debit balance under normal circumstances.
6.Which of the following should be debited on early payment made to suppliers within discount period against credit purchases?
Public limited companies have many options to increase its number of shares in the stock market, you are required to just write three options.