Re: ::::IIVU ASKARII:::: MGT-101 Solve this

ek question tha

factory cost 7500000

begning work in process inventory 1000000

ending  work in process inventory  1300000

finish goods decrease by 75000

if Gross profit is 2400000 then find out sales .

On Thu, Feb 17, 2011 at 3:37 PM, mc100400767 Muhammad Shahzad <mc100400767@vu.edu.pk> wrote:

Thanx, Bro or Sis.

On Thu, Feb 17, 2011 at 3:31 PM, abr e meherban <abremeherban@gmail.com> wrote:

The statement of changes in equity basically shows the movement of:

 

·       Share capital during the year

·       General reserves during the year

·       Share premium during the year

·       All of the given option

 

 

Which of the following is/are/ the source's of the issuance of bonus shares?

·       Profit and loss appropriation account

·       Premium on issue of shares account

·       Premium on issue of debentures account

·       All of the given options

 

Mr. A's cash book shows a credit balance of Rs. 36,000. He deposited a cheque of Rs. 15,000 by the bank. What will be the balance of bank statement?

·       Rs. 21,000

·       Rs. 51,000

·       Rs. 36,000

·       Rs. 15,000

 

 

Which of the following is TRUE?

·       Revenue – Cost of sales = Gross profit

·       Revenue + Cost of sales = Gross profit

·       Revenue - Cost of sales = Net profit

·       Revenue - Cost of sales = Operating profit

 

Which of the following activity of cash flow statement shows the principal portion of lease rentals as payments towards the addition (purchase) of fixed assets?

·       Operating activities

·       Investing activities

·       Financing activities

·       None of the gives option

 

Which of the following item will appear on the Balance sheet as current assets?

·       Prepaid expenses

·       Accrued expenses

·       Furniture and Equipment

·       Unearned revenue

 

 

Which of the following is a detailed record of an individual account in case of large business?

·       Control Account

·       Subsidiary Ledger

·       Balance Sheet

·       Trial Balance

 

Which of the following account will be credited when a typewriter is sold that has been used in the office?

·       Cash Account

·       Sales Account

·       Purchase Account

·       Office Equipment Account

 

Which one of the following is TRUE about provisions?

·       It is necessary to prepare for showing true picture of balance sheet

·       It is a reduction from assets

·       It is prepared for specific purposes

·       All of the given options

 

 

When closing stock is given in trial balance, then it will effect:

·       Trading account only

·       Balance sheet only

·       Owner's equity only

·       Both Trading account and Balance sheet

 

 

Which of the following indicates cash discount received?

·       Discount in paying debt earlier

·       Discount in receiving debt earlier

·       Discount in purchasing huge goods

• Discount in selling huge goods

On Thu, Feb 17, 2011 at 2:54 PM, mc100400767 Muhammad Shahzad <mc100400767@vu.edu.pk> wrote:

Plz help me for selection of the right answer:

The statement of changes in equity basically shows the movement of:

 

·       Share capital during the year

·       General reserves during the year

·       Share premium during the year

·       All of the given option

 

 

Which of the following is/are/ the source's of the issuance of bonus shares?

·       Profit and loss appropriation account

·       Premium on issue of shares account

·       Premium on issue of debentures account

·       All of the given options

 

Mr. A's cash book shows a credit balance of Rs. 36,000. He deposited a cheque of Rs. 15,000 by the bank. What will be the balance of bank statement?

·       Rs. 21,000

·       Rs. 51,000

·       Rs. 36,000

·       Rs. 15,000

 

 

Which of the following is TRUE?

·       Revenue – Cost of sales = Gross profit

·       Revenue + Cost of sales = Gross profit

·       Revenue - Cost of sales = Net profit

·       Revenue - Cost of sales = Operating profit

 

Which of the following activity of cash flow statement shows the principal portion of lease rentals as payments towards the addition (purchase) of fixed assets?

·       Operating activities

·       Investing activities

·       Financing activities

·       None of the gives option

 

Which of the following item will appear on the Balance sheet as current assets?

·       Prepaid expenses

·       Accrued expenses

·       Furniture and Equipment

·       Unearned revenue

 

 

Which of the following is a detailed record of an individual account in case of large business?

·       Control Account

·       Subsidiary Ledger

·       Balance Sheet

·       Trial Balance

 

Which of the following account will be credited when a typewriter is sold that has been used in the office?

·       Cash Account

·       Sales Account

·       Purchase Account

·       Office Equipment Account

 

Which one of the following is TRUE about provisions?

·       It is necessary to prepare for showing true picture of balance sheet

·       It is a reduction from assets

·       It is prepared for specific purposes

·       All of the given options

 

 

When closing stock is given in trial balance, then it will effect:

·       Trading account only

·       Balance sheet only

·       Owner's equity only

·       Both Trading account and Balance sheet

 

 

Which of the following indicates cash discount received?

·       Discount in paying debt earlier

·       Discount in receiving debt earlier

·       Discount in purchasing huge goods

• Discount in selling huge goods

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
Groups "VU ASKARI" group.
To post to this group, send email to askarivu@googlegroups.com
For more options, visit this group at
 
http://groups.google.com/group/askarivu?hl=en?hl=en

--

.

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
Groups "VU ASKARI" group.
To post to this group, send email to askarivu@googlegroups.com
For more options, visit this group at
 
http://groups.google.com/group/askarivu?hl=en?hl=en

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
Groups "VU ASKARI" group.
To post to this group, send email to askarivu@googlegroups.com
For more options, visit this group at
 
http://groups.google.com/group/askarivu?hl=en?hl=en

--
Never believe what the lines of your hand predict about your future...

Because people who don't have hands also have a future.

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
 
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
You received this message because you are subscribed to the Google
Groups "VU ASKARI" group.
To post to this group, send email to askarivu@googlegroups.com
For more options, visit this group at
 
http://groups.google.com/group/askarivu?hl=en?hl=en