::: vuaskari.com ::: MGT101 - Financial Accounting

::: vuaskari.com ::: MGT101 - Financial Accounting - Today's Payper (18-07-11)

AOA Every one:-

Find below my today's Subjective paper of MGT101 for your information:-

1. Calculate Net profit / Net loss from the information given below; (5 Marks)

Gross Loss: 5800 Rs

Sales Salaries: 3,000

Custom duty on purchases: 6000

Freight on sales: 1000

Interest on loan: 500

2. Mr. X & Y were partners in business sharing profits in the ratio of 3:1 their capital were Rs: 30,000 and Rs: 10,000 respectively. They earned a net profit of Rs 160,000 Mr. Y was entitled to salary of Rs. 200 P/M. Prepare Profit distribution account of X & Y Partnership. (5 Marks)

3. When closing stock is given in trail balance only, then what will be its effect in profit and loss account and balance sheet and why ?

When depreciation is given in trial balance only, then what will be its effect in profit & loss account and Balance sheet and why ? (5 Marks)

4. Write note on the following terms:- (5 Marks)

Net capital employed

Share holder's Equity

Gain on sale of Fixed Assets

Return on Investment.

5. Mr. AB & C entered into a partnership. At the beginning of the year their

capital balances were Rs. 50,000 , Rs. 60,000 and Rs. 70,000 respectively. Profit or loss is to be divided with the ratio of 3:2:1 among Mr. A,B & C respectively.

If loss is Rs. 168,000 calculate the share of loss for all the partners. (3 Marks)

6. Cost of assets is Rs. 50,000 on 1st January 2008.

Depreciation rate is 10% P.A

Financial year is January 01 to December 31.

Calculate Depreciation expense and written down value. (3 Marks)

7. Differentiate between debtor's turnover ratio and creditor's turnover ratio.

(3 marks)

MCQ -56 Nos. ( 30 % Past papers)

May Allah Bless All of US.

Regards,

Pioneer

--
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

Updating our Google Account inactivity policy

Every day Google works hard to keep you and your private information safe and secure by preventing unauthorized access to your Google Account with our built-in security protections. And keeping you safe means having strong privacy practices across our products that minimize how long we store your personal files and any data associated with them. We want to protect your private information and prevent any unauthorized access to your account even if you're no longer using our services. Therefore, we are updating the inactivity period for a Google Account to two years across all our products and services. This change starts rolling out today and will apply to any Google Account that's been inactive, meaning it has not been signed into or used within a two-year period. An inactive account and any content in it will be eligible for deletion from December 1, 2023. What this means for you: These changes do not impact you unless you h...

Re: ::: vuaskari.com ::: CS408 - FINAL TERM SUBJECTIVE WITH REFERENCE SOLVED BY UMAIR SAULAT

GREAT WORK On Wed, Feb 20, 2013 at 11:30 PM, Umair Saulat < saulat.umair@gmail.com > wrote: CS408- Human Computer Interaction Solved Subjective Fall Semester 2012 QNo.1 it has been observed that most computer users use menu option for input instead of keyboard accelerator. What is the reason behind it? (2 Marks) Answer:- 1. Menu options are easier to find. 2. You don't have to memories the keys for menu option but for key board accelerators you have to memories them REF:: Handouts Page No. 127 QNo.2 Define active intervention. (2 Marks) Answer:- Active intervention with the participant and actively probes the participant understands of whatever is being tested. REF:: Handouts Page No. 276 QNo.3 what is Ubiquitous Computing? (2 Marks) Answer:- The most profound technologies are those that disappear. They weave themselves into the fabric of everyday life until they are indi...

Re: ::: vuaskari.com ::: : CS604 final term sovled subjective part (eagle_eye)

tnkx bhana :) On Thu, Jul 21, 2011 at 8:02 PM, █▓Binish_Awais█▓ < greyferry@gmail.com > wrote: thanks and wonderfull work done by Tabishh ---------- Forwarded message ---------- From: eagle_eye < fantasy.fear@gmail.com > Date: Thu, Jul 21, 2011 at 12:50 AM Subject: CS604 final term sovled subjective part (eagle_eye) To: "Binish(ferry ID}MBA" < Greyferry@gmail.com > -- eagle_eye Live to EXPRESS not to IMPRESS. .!! ( eagle_eye ) GMAIL: fantasy.fear@gmail.com skype ID: fantasy.fear Facebook: tereass_pass2917@yahoo.com -- ●●Gяєу_Fєяяy ●● -- ●●Gяєу_Fєяяy ●● -- 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...

VU Study

Search This Blog