Sponsored Links


Results 1 to 1 of 1

Thread: MGT101- Financial Accounting MIDTERM solve papers EXAMINATION Spring 2010

  1. #1
    Administrator Vuhelper's Avatar
    Join Date
    Apr 2011
    Posts
    9,578

    21 MGT101- Financial Accounting MIDTERM solve papers EXAMINATION Spring 2010

    Sponsored Links1


    full solve papers in attachment

    Question No: 1 ( Marks: 1 ) - Please choose one
    Which of the following account/s will be affected under the rule of accrual accounting, when furniture is purchased on cash?

    ► Only Cash Account
    ► Only Furniture Account
    ► Cash & Furniture Account
    ► Only Purchases Account

    Question No: 2 ( Marks: 1 ) - Please choose one
    Obligations to pay cash or un-earned incomes by the business are the:

    ► Expenses
    ► Assets
    ► Liabilities
    ► Equities

    Question No: 3 ( Marks: 1 ) - Please choose one
    Which of the following is used to record financial transactions in chronological (day-to-day) order?

    ► Voucher
    ► General Journal
    ► General Ledger
    ► Trial balance

    Question No: 4 ( Marks: 1 ) - Please choose one
    Which of the following financial statement summarizes the profitability of an organization for a particular period?


    ► Balance Sheet
    ► Trading and Profit & Loss account
    ► Cash Flow Statement
    ► Statement of Retained Earnings

    Question No: 5 ( Marks: 1 ) - Please choose one
    While making Income & Expenditure account, Excess of income over expenses in a specified accounting period is called:

    ► Profit
    ► Loss
    ► Surplus
    ► Deficit

    Question No: 6 ( Marks: 1 ) - Please choose one
    If the cost of sales is Rs. 60,000, sales are Rs. 90,000 and operating expenses are Rs. 25,000 during the year. What would be the Net Profit?




    ► Rs. 5,000
    ► Rs. 25,000
    ► Rs. 55,000
    ► Rs. 60,000

    Sponsored Links
    Attached Files Attached Files

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. MGT101 Financial Accounting Spring 2014 Past Final Papers August 2014
    By education-2014 in forum Mid Term & Final Term Papers
    Replies: 0
    Last Post: 08-11-2014, 06:51 PM
  2. MGT101 Financial Accounting Solve Current Final term Paper Fall 2013
    By Vuhelper in forum Mid Term & Final Term Papers
    Replies: 0
    Last Post: 02-14-2013, 09:20 PM
  3. MGT101 Financial Accounting Current Final Term Papers
    By Vuhelper in forum Current paper 2011
    Replies: 0
    Last Post: 07-16-2011, 04:41 AM
  4. Replies: 0
    Last Post: 05-10-2011, 01:04 AM
  5. GDB MGT101 - Financial Accounting May 4,2010
    By viki in forum GDB Discussion
    Replies: 2
    Last Post: 05-08-2010, 06:50 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
-: Vuhelp Disclaimer :-
None of the files shown here are hosted or transmitted by this server. The links are provided solely by this site's users. The administrator's or staff of Vuhelp.net cannot be held responsible for what its users post, or any other actions of its users. You may not use this site to distribute or download any material when you do not have the legal rights to do so. It is your own responsibility to adhere to these terms. If you have any doubts about legality of content or you have any suspicions, feel free to contact us.
Online Education | JhelumSoft