12/20/2018 VU Corner: MGT101 Mid Term Solved Past Paper

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CS101 (15) MGT101 Mid Term Solved Past Paper
CS201 (9)
MIDTERM EXAMINATION
CS301 (5) Fall 2009
CS302 (1) MGT101- Financial Accounting (Session - 3)
Ref No: 1048092
CS304 (1) Time: 60 min
Marks: 50
CS401 (1)
Student Info
CS402 (1) StudentID: Like Share 187 people like this. Sign Up to s

CS403 (1) Center:

CS501 (1)
ExamDate: 12/19/2009 12:00:00 AM Subscribe To
CS504 (1)

CS506 (1) Posts

For Teacher's Use Only
CS507 (1) Q No. 1 2 3 4 5 6 7 8 Total Comments

CS601 (4) Marks

CS602 (1) Q No. 9 10 11 12 13 14 15 16

Followers
CS604 (2)
Marks
Followers (40) Next
CS605 (1)
Q No. 17 18 19 20 21 22 23 24
CS607 (1)
Marks
CS610 (1)

ECO401 (12) Q No. 25 26 27 28 29 30 31 32

ENG001 (1) Marks

ENG101 (12) Q No. 33 34 35 36 37 38 39 40

ENG201 (11)
Marks
FIN621 (2)
Q No. 41
Good Night (1)
Marks
Good Night Follow
Images (1)

Good Night
Photo (1)
Total Pageviews
Good Night
Pictures (1) Question No: 1 ( Marks: 1 ) - Please choose one

ISL201 (2)
1 8 8 8 6 2
We can say that the business is in profit, when:
MCM301 (2)

MCM311 (1)
► Assets exceed Expenditure
MGT101 (9) ► Assets exceed Liabilities
► Income exceeds Expenditure
MGT301 (2)
► Income exceeds Liabilities
MGT411 (4)
Question No: 2 ( Marks: 1 ) - Please choose one
MGT501 (1)

MGT502 (1) Cost incurred for the maintenance of shop is considered as _________.
► Deferred expense
MGT503 (2)
► Capital expense
MGT603 (9) ► Revenue expense
► Preliminary expense
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Question No: 3 ( Marks: 1 )- Please choose one
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If a business purchases machinery for Rs. 30,000 on 31st January 2008 having life of 10 years, this

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12/20/2018 VU Corner: MGT101 Mid Term Solved Past Paper

PAK301 (3) expense will be realized ___________ under the concept of accrual accounting.
► For the year 2008 only
STA301 (4) ► For the last day of 10th year only
► Over 10 years
► Nothing can be said about it

Question No: 4 ( Marks: 1 ) - Please choose one Click to enable Adobe

Flash Player
Word “Credit” is derived from ______ language.

► Latin
► English
► French
► Chinese

Question No: 5 ( Marks: 1 ) - Please choose one

According to the double entry system of accounting, an account that obtains benefit is:
► Debit
► Credit
► Income
► No need to show as accounting record

Question No: 6 ( Marks: 1 ) - Please choose one

Blog Archive
An Asset that is NOT physical in nature is called _________.
► 2016 (1)
► Intangible Asset ► 2014 (10)
► Liquid Asset
► Current Asset ► 2013 (2)
► Fixed Asset ► 2012 (14)
▼ 2011 (153)
Question No: 7 ( Marks: 1 ) - Please choose one
► December 2011 (2)
► November 2011
What would be the affect on the components of the accounting equation, if goods are purchased on
(25)
cash?
► October 2011 (3)
► Increase in cash and decrease in equity ► September 2011 (2)
► Increase in cash and increase in goods
► August 2011 (1)
► Increase in goods and decrease in cash
► Increase in equipment and increase in equity ► July 2011 (21)
► June 2011 (41)
Question No: 8 ( Marks: 1 ) - Please choose one
▼ May 2011 (55)
ENG101 Final
Which of the following is CORRECT about the flow of recording a transaction? Term past
Paper3
► Occurrence of event – voucher—Journal—Ledger—Trial Balance—profit and loss ENG101 Final
account—Balance Sheet Term past
Solved Paper
► Occurrence of event—Journal – voucher —Ledger—Trial Balance—profit and loss account— 2
Balance Sheet ENG101 Final
Term Solved
► Occurrence of event—Ledger – voucher—Journal—Trial Balance—profit and loss account— Paper
Balance Sheet Must Watch
Cobra vs
► Occurrence of event—Trial Balance – voucher—Journal—Ledger—profit and loss account— Mongoose
Balance Sheet Eng101 Solved
MCQ’s
CS101 SOLVED
Question No: 9 ( Marks: 1 ) - Please choose one MCQ’S
Good Night
In an account, if credit side < debit side then the balance is known as: Picture
► Negative Balance
CS201 Grading
► Debit Balance Scheme of
► Positive Balance
► Credit Balance Must Watch-
Pakistani ISI
Beat CIA_
Question No: 10 ( Marks: 1 ) - Please choose one RAW and MI6
in...

Bank book is part of: Beautiful Picture

Lab pe Ati ha dua
► Voucher ban kay
► General Journal
CS201 Solved
► General Ledger Final Term
► Trial Balance
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MCM311 latest
Question No: 11 (secure.calch.gdn
Marks: 1 ) - Please choose one paper midterm

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12/20/2018 VU Corner: MGT101 Mid Term Solved Past Paper
MGT411 Solved
Mid term
While making Income & Expenditure account, Excess of income over expenses in a specified Paper
accounting period is called:
MGT411 Past
Mid Term
► Profit Paper
► Loss
► Surplus MGT411 Past
paper
► Deficit
MGT411 Past
Question No: 12 ( Marks: 1 ) - Please choose one Paper
CS610 Past Mid
Term Paper
Gross Profit > Operating Expenses=? 2011
MGT603 Solved
Past Mid Term
► Net Profit Paper
► Cost of Goods Sold
► Net Loss MGT503 Solved
Mcq,s,
► Gross Loss
MGT503 Mid
Question No: 13 ( Marks: 1 ) - Please choose one Term Past
Paper
ENG201 Mid
Accrued expenses are the example of: Term Past
► Current liabilities Paper
► Long term liabilities
CS101 Solved
► Deferred costs Mcq,s
► Capital expenses
Important
Information
Question No: 14 ( Marks: 1 ) - Please choose one
Video
CS605 Mid Term
The favorable balance of Profit and Loss account should be: Past Paper
► Added in liabilities
Most beautiful
► Subtracted from current assets Naat
► Subtracted from liabilities
► Added in capital MCM301 Past
Solved Long
Question
Question No: 15 ( Marks: 1 ) - Please choose one
CS601 Past Mid
Term Paper
Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed
CS504 Mid Term
that all account balances are shown on normal balance). Past Solved
Paper
► Capital account
Eng201 Past Mid
► Sundry creditors account Term Paper
► Accounts payable account
► Cash account Eng201 Past Mid
Term Paper

Question No: 16 ( Marks: 1 ) - Please choose one FIN621 Past Mid

Term Paper
CS602 Past Mid
Which of the following financial statement DO NOT show the financial health of a business at a
Term Paper
specific date?
CS604 Past
Paper Mid
► Profit and loss account
Term Paper
► Balance sheet
► Statement of financial position CS304 Past Mid
► All of the given options Term Paper
CS402 Past
Question No: 17 ( Marks: 1 ) - Please choose one Paper
CS101 Past
Paper
In which of the following condition a company will have positive working capital?
► If current assets > current liabilities CS301 Past Mid
► If current Assets < current Liabilities Term Paper
► If current assets = current liabilities FIN621 Past
► If current assets < current liabilities Paper 12-05-
2011
Question No: 18 ( Marks: 1 ) - Please choose one MGT501 Mid
Term Past
Paper
Which of the following particular is NOT included in the specimen of a payment voucher?
ENG001 Mid
Term Past
Paper
► Name of organization
► Cash payment amount MGT101 Mid
Term Solved
► Date of transaction
Past Paper
► Bank receipt
ENG101 Past
Question No: 19 (The
Marks: 1 ) Antivirus
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The stock of manufacturing concern consists of:
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12/20/2018 VU Corner: MGT101 Mid Term Solved Past Paper
CS101 Mid Term
► Work in Process Inventory past solved
► Raw Materials Inventory paper
► Finished Goods Inventory STA301 Past Mid
► All of the given options Term Paper
MGT101 Past
Question No: 20 ( Marks: 1 ) - Please choose one Mid Term
Paper
Following are the inventories of Manufacturing Concern EXCEPT: MGT502 Past
Paper
► Raw material MTH202 Mid
► Work in process Term Past
► Finished goods solved paper
► Merchandise inventory MGT301 Mid
Term Solved
Question No: 21 ( Marks: 1 ) - Please choose one Past paper
ENG201 Past
Mid Term
The products that are ready for sale are known as:
Paper
CS501 Past
Paper
► Raw material
► Work in process CS401 Past
► Finished goods Paper
► Closing stock CS604 Past
Paper
Question No: 22 ( Marks: 1 ) - Please choose one
ENG201 Past
Paper
Which of the following is an example of direct materials cost?
► February 2011 (3)

► Polish and finishing material for chair

► A piece of wood for the production of chair
► Production worker’s wages Popular Posts
► Depreciation expenses
PAK301 Final Term Past
Solved Paper 3
Question No: 23 ( Marks: 1 ) - Please choose one
FINALTERM EXAMINATION
Fall 2008 PAK301- Pakistan
The total of all costs incurred to convert raw material into finished goods is known as: Studies (Session - 2) Time:
120 min Marks: 75 Student Info
StudentID: ...
► Prime cost
► Conversion cost MGT101 Mid Term Solved Past
► Sunk cost Paper
► Opportunity cost MIDTERM EXAMINATION
Fall 2009 MGT101- Financial
Accounting (Session - 3) Ref
Question No: 24 ( Marks: 1 ) - Please choose one No: 1048092 Time: 60 min
Marks: 50 Student Info ...
In balance sheet fixed assets are shown at: MGT301 Midterm Past Solved
Paper
► Cost price MIDTERM EXAMINATION
► Market value Fall 2009 MGT301- Principles
► Fair value of Marketing (Session - 3) Ref
No: Time: 60 min Marks: 50
► Written down value (WDV) Student Inf...

Question No: 25 ( Marks: 1 ) - Please choose one Good Night

Pictures

A decrease in value of a fixed asset due to age, wear and tear is known as:
► Depreciation
► Accumulated Depreciation
► Appreciation Good Night
Picture
► Written Down Value

Question No: 26 ( Marks: 1 ) - Please choose one

R
s MTH202 Mid Term Past solved
Cost of asset
.paper
1MIDTERM EXAMINATION
Fall 2009 MTH202- Discrete
, Mathematics Question No:
01 ( Marks: 1 ) - Please
0choose one The inve...
,
CS101 Mid Term
0
past solved
0 paper
0 CS101 Mid Term
Life of asset 5 past solved
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12/20/2018 VU Corner: MGT101 Mid Term Solved Past Paper
rCS101 Solved Mid Term Paper
sDownload Click Here
Depreciation for each year R
s ENG001 Mid Term Past Paper
.MIDTERM EXAMINATION
Spring 2009 ENG001-
1
Elementary English (Session -
53) Question No: 1 ( Marks:
, 1 ) - Please choose one A list
0of...
0
Eng101 Solved
0 MCQ’s
Sale price after 5 years R Eng101 Solved
s MCQ’s Question
. No: 1 ( Marks:
5 1 ) - Please
choose one Identify the best
0
answer which is not a synonym
, for ...
0
0
0
Written down value of asset at the end of 5th year R
s
.
2
5
,
0
0
0
Profit or loss on disposal of fixed assets ?

► Rs.25, 000 profit

► Rs. 75,000 loss
► Rs. 15,000 profit
► Rs. 1, 00,000 profit

Question No: 27 ( Marks: 1 ) - Please choose one

All the costs incurred on the incomplete assets up to the balance sheet date must be transferred to:

► Capital account
► Capital work in progress account
► Relevant asset account
► Owner's equity account

Question No: 28 ( Marks: 1 ) - Please choose one

Consider the following inventory record:

Cost/Unit Total
Date Item Quantity Rs. Rs.
Jan. 2 Beginning inventory 10 10 100
Mar. 4 Purchase 35 11 385
May 8 Purchase 40 12 480
Nov. 3 Purchase 20 13 260
De31 Merchandise available 105 1,225

80 units were sold, Use the FIFO method of inventory costing and determine the cost of goods sold.

► Rs. 1,225
► Rs. 1,015
► Rs. 965
► Rs. 905

Question No: 29 ( Marks: 1 ) - Please choose one

Consider the following inventory record:

Date Item Quantity Cost/Unit Total

2007Jan. 2 Opening inventory 100 Rs.18.00 Rs.1,800
Mar. 4 Purchase 400 19.00 7,600
May 8 Purchase 800 20.00 16,000
Nov. 3 Purchase 500 21.00 10,500
Four hundred units are unsold, Use the FIFO method of inventory costing and determine the value
assigned to the 400 The Only
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► Rs.7, 500
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► Rs.7, 978

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12/20/2018 VU Corner: MGT101 Mid Term Solved Past Paper
► Rs.8, 000
► Rs.8, 400

Question No: 30 ( Marks: 1 ) - Please choose one

Bank Reconciliation Statement is:

► A memorandum statement
► A ledger account
► A part of cash book
► A part of journal

Question No: 31 ( Marks: 1 ) - Please choose one

Which of the following asset is NOT depreciated?

► Factory Buildings
► Office Equipment
► Plant & Machinery
► Land

Question No: 32 ( Marks: 1 ) - Please choose one

The basic purpose of depreciation is to achieve the:

► Matching principle
► Dual aspect principle
► Separate entity concept
► Money measurement concept

Question No: 33 ( Marks: 1 ) - Please choose one

Find out the missing value of an Accounting Equation with the help of given data:

Cash Rs. 22,500

Debtors Rs. 500
Total Assets Rs. 80, 385
Accounts payable Rs. 1,000
Total liabilities Rs. 20,000

► Rs. 82,385 owner’s equity

► Rs. 61,385 owner’s equity
► Rs. 99,885 owner’s equity
► Rs. 99,385 owner’s equity

Question No: 34 ( Marks: 1 ) - Please choose one

Firms charge depreciation each year:

► To ensure there is enough money in the firm to replace the asset

► To spread the cost of the asset over its working life
► To reduce the profit and thus reduce the dividends they can pay to share holders
► Because the law states they must be reduced

Question No: 35 ( Marks: 1 ) - Please choose one

Consider the following data:

Particulars Rs.
Assets 8,20,000
Owner's equity 3,80,000
Liabilities ?

► Rs. 1, 98,000
► Rs. 49,000
► Rs. 55,000
► Rs. 4, 40,000

Question No: 36 ( Marks: 1 ) - Please choose one

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► Original cost minus Accumulated depreciation
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► Original cost plus Accumulated depreciation

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12/20/2018 VU Corner: MGT101 Mid Term Solved Past Paper
► Original cost minus Residual value
► Written down value minus Accumulated depreciation

Question No: 37 ( Marks: 1 ) - Please choose one

An estimate of the income and expenses needed to carry out business plans for a fiscal year is known
as:
► Budgeting
► Costing
► Management
► Auditing

Question No: 38 ( Marks: 1 ) - Please choose one

Unfavorable balance of the cash book means:

► Credit balance in cash book

► Credit balance in pass book
► Debit balance in cash book
► All of the given options

Question No: 39 ( Marks: 1 ) - Please choose one

Net Profit + Expenses= _________

► Liabilities
► Assets
► Capital
► Income

Question No: 40 ( Marks: 1 ) - Please choose one

What would be the value of conversion cost, if the cost of material consumed during the month is Rs.
5,000, labor cost incurred is Rs. 2,000 and the factory over head cost is Rs. 1,000?

► Rs. 3,000
► Rs. 8,000
► Rs. 7,000
► Rs. 5,000

Question No: 41 ( Marks: 10 )

The following are some of the causes of difference between the Cash Book and the Pass Book
balances. If you start with the Cash Book (Dr.) balance in Bank Reconciliation Statement, will
you add them or deduct?

Particulars Add/Less
1. Cheques issued but yet not paid by bank. less
2. Cheques deposited but not credited by bank. less
3. Amount directly deposited into bank by a customer but not recorded in the
Cash Book. add
4. Dividend collected by bank but not entered in Cash Book. add
5. Insurance premium paid by bank but not recorded in Cash Book. less
6. Cheque deposited but no entry was made in Cash Book. add
7. Bank charges debited by bank but not credited in the Cash Book less
8. Interest on overdraft debited by bank but not recorded in Cash Book. less
9. Cheque issued but wrongly debited in Cash Book less
10. Interest credited by bank but not recorded in cash book add

Assignments Conditions Exam Results Payment Examination

Posted by Muhammad Shahid at 7:04 AM

Labels: MGT101

Accountancy Capitals 5 Year 60 Min Account Balance

Assignments Conditions Exam Results
Payment
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saym December 1, 2011 at 4:50 AM

this is a good paper's its help me in midterm's.so i am very thankful to the cearter of this site.

Reply

Muhammad Shahid December 1, 2011 at 10:12 AM

Thanks

Reply

Unknown June 9, 2016 at 12:01 AM

very helpful

Reply

Muhammad Luqman December 28, 2016 at 7:13 AM

Helpful papers thanks you so much

Reply

Munaza Ghafoor June 3, 2017 at 7:57 AM

really gud.....and easy tooo...

Reply

Unknown June 7, 2017 at 10:29 PM

one question was to find the acccounting equation total assets were of RS 80385 i could not
find answer can u tell how did u find it ?

Reply

Ansar Ali March 9, 2018 at 9:27 AM

MTH501 finalterm solved past paper megafile by reference

Reply

Unknown June 23, 2018 at 2:51 AM

Very Good Per in main Sb 28 no ka Ans wrong Ha

Reply

Unknown June 30, 2018 at 2:18 AM

Good struggle

Reply

Unknown July 2, 2018 at 9:46 AM

Download kaisay karun in papers ko please give me suggestion...

Reply

Rashid Latif December 12, 2018 at 10:15 PM

Press Ctrl+P and this file will be saved as PDF in your computer. there are two options to save
it 1. to print it and second to save it as PDF.

Reply

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