Skip to main content

Re: ::: vuaskari.com ::: mgt101 papers required final term

Mgt101 Final Term Current Paper 


mostly mcqs from cash flow statement, type of business and rectifying errors.

Q1. Difference between list companies and non list companies.
Q2. What is fixed capital in partnership.
Q3. Prepare Profit and lost account from given data.
Q4. Positive and negative cash flow statement to identify activity.
Q5. Define following.
Premium shares
cash flow statement
debenture
note for account.
Q6. identify cost of good sold.
Q7. preparing control account.

 

 

MGT101

Dated 20-07-2011

By bc110200204 *Sid*

Q1- Following is information of Shumile Ltd. for the year ended December 31st, 2009.

 

Particular

Rs.

Cash in hand

160,850

Bank overdraft

72,500

Accounts payable

5,000

Plant & Machinery

171,000

Furniture

30,000

Land

100,000

Accumulated profit & Loss c/f (credit balance ) on 31st December,2006

8,000

Gross Profit on 31st December,2006

125,000

Paid up capital

150,000

Capital reserves

12,000

Authorized Capital Rs. 10/each

500,000

 

Other information:

Depreciation is charged on all Depreciable Fixed Assets @ 10%

 

Required:

Prepare the capital and liability side of balance sheet as on 31st December, 2009.

Q2- Classify the followings whether these Entries are Operating, Investing or Financing activity by filling the appropriate boxes given below.

 

 

S. No.

 

ENTRIES

 

 

CLASSIFICATION

 

0

 

Dividends

 

 

Financing activity

 

1

 

Change in Long term debts

 

 

?

 

2

 

Change in Deferred income tax

 

 

?

 

3

 

Change in Common stock

 

 

?

 

4

 

Proceed from sale of Machinery

 

 

?

 

5

 

Gain from sale of Machinery

 

 

?

Q3- What journal entry would be passed for loss distribution of Rs. 18,000 among "Mr. A", "Mr. B" and "Mr. C" with the ratio of 1:3:5 respectively? Show complete working.

Q4- Calculate the amount of Net profit after tax if:

Ø      Sales revenue Rs. 100,000

Ø      Gross profit Rs. 75,000

Ø      Operating expenses Rs. 10,000

Ø      Interest charges Rs. 5,000

Ø      Tax@ 10%

Q5- Calculate Cash Profit from the following data:

Total sales                                         Rs. 50,000 (including cash sales Rs. 25,000)

Cost of purchases                             Rs. 30,000 (including credit purchases Rs. 20,000)

Other cash selling expenses            Rs. 5,000.

Q6- Mr. A, B & C entered into a partnership. At the beginning of the year their capital balances were Rs. 180,000, Rs. 140,000 and Rs. 80,000 respectively. Profit or loss is to be divided as:

Ø      Mr. A: one-half

Ø      Mr. B: one-third

Ø      Mr. C: one-sixth

Required:

            If profit is Rs. 390,000, calculate the share of profit for all the partners.

Q7- On January 31st the finished goods Inventory of XYZ Company was Rs 500,000. During the year, manual Cost of goods manufactured was Rs. 1,900,000, sales were Rs. 2,000,000 and Gross profit is 25% of sales.

Required:

Calculate the cost of opening finished goods inventory.

Q8- What types of changes are made in "statement of changes in equity"?

 


On Thu, Jul 21, 2011 at 5:36 PM, mc080406099 Muhammad Adil Naveed <mc080406099@vu.edu.pk> wrote:
As salam o alekum
plz share to me final term papers of mgt 101 ( financial accounting)
thanx & regards
m. adil

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group:   http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group:         http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group:    http://groups.google.com/group/askari_banking?hl=en?hl=en
Management:       https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing:           https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group:          http://groups.google.com/group/askari_mis?hl=en



--

Regards, 

Professor Copy Paste,
MCS 2nd Semester



--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en

Comments

Post a Comment

Popular posts from this blog

[vu-students] Urdu Love Letters ............ ahahahahahhahahah

  The One & Only .......... IRFAN. Italy. http://groups.yahoo.com/group/p_se_poetry   -- You received this message because you are subscribed to the Google Groups "VU Students" group. To post to this group, send email to vu-students@googlegroups.com To unsubscribe from this group, send email to vu-students+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/vu-students?hl=en_PK?hl=en
Post a Comment
Read more

Re: ::: vuaskari.com ::: Fwd: Cancer treatment- Shocking news.

plz send me the soloution of Assignment MGT-603 and MKT-624 plzzzzzzzzz today last day i need urgent 2011/4/23 ∂υα ωαqαя < dua4566@gmail.com > ---------- Forwarded message ---------- From: Virtual Brain < mc090400181@gmail.com > Date: Sat, Apr 23, 2011 at 10:30 AM Subject: Cancer treatment- Shocking news. AS  one of my friend tell me all this PLEASE FORWARD THIS MAIL.  Dear All, One of my cousin got   lung cancer   few months back. That was really shocking to all his family members. Cancer diagnosed was of stage three. Immediately treatment was started from Pakistan most of the art hospital for cancer i.e. Shoukat Khanum Hospital in Lahore. But there were little chances to reverse the disease as it's already reached to stage 3. Than one day somebody told us about a person in Distt Nowshera who is treating cancer by herbs. We went there and he gave us some   herbal medicines   for ten days. It was really amazing when we saw an improvement in the condition of my...
Post a Comment
Read more

Re: ::: vuaskari.com ::: I CAN HELP YOU IN INTERNSHIP REPORT AND VIVA PRESENTATION ETC.

need help in  MIS 619 Project not internship On Mon, Jul 20, 2015 at 9:27 PM, abdul rehman < rehman51jb@gmail.com > wrote: ys On Thu, Jul 16, 2015 at 11:17 AM, Jasmine Jasmine < jasminejasmine173@gmail.com > wrote: ap na report submit kerwa di On Fri, May 1, 2015 at 10:57 PM, pree shay < pree.shay007@gmail.com > wrote: one person, his name is saad send me his report .what a report.... can i copy the  history as such information etc On Sun, Apr 26, 2015 at 10:17 PM, Rehman Butt < rehmanbutt146@gmail.com > wrote: I have done MBA Finance, in this you have to internship from any textile company , banking, trading, corporation, etc its an easy process, I have passed internship and viva in first sitting, On Sun, Apr 26, 2015 at 12:50 PM, Safia Naz < safianaz786@gmail.com > wrote: finance or marketing ka kya concept hay internship main? On Fri, Apr 24, 2015 at 2:49 PM, pree shay < pree.shay007@gmail.com > wrote: Mba finance.i get internship in mcb ban...
Post a Comment
Read more