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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:

Ƙ      Sales revenue Rs. 100,000

Ƙ      Gross profit Rs. 75,000

Ƙ      Operating expenses Rs. 10,000

Ƙ      Interest charges Rs. 5,000

Ƙ      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:

Ƙ      Mr. A: one-half

Ƙ      Mr. B: one-third

Ƙ      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,
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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

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