mgt101 final term papers

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 MGT101 short Notes 23-45.doc, 148 KB

 notes for accounting 1.doc, 65 KB

 Rules for Debit & Credit.doc, 47 KB

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MGT101 Super File SOLVED 100%.pdf, 1.9 MB

MGT101 100SolvedMCQsofFinancialAccounting.pdf, 312 KB

Mgt101 Final_,Difficult_Final_MCQs_solved_by_Abr_&_Chanda_Rehman.pdf, 221 KB

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•  mgt101 notes.pdf, 1.1 MB

·         My today's exam: (20-8-2016)

·         More than half of MCQ's were from Past Papers.

·         3-Marks question: Write capital receipt and Revenue receipt in front of three given items. (loan, sale of machinery, rent income)

·         5-Marks Question: Prepare income statement (report form) for a company. Data was given. Not much lengthy.

·         5-Marks Question: A list of expenses was given (mixed expenses admin and selling), we had to calculate selling expenses from that list.

·         3- Marks question: Differentiate between partnership and limited company.

·         3-Marks question: Rectification of wrong entries. 2 parts. In one part sold machinery on credit and mistakenly Credited Sundry creditors account. in other part machinery was sold on cash and mistakenly Dr. sundry creditors.

·         3-Marks question: Are these expenses of revenue nature. Explain and given an example of each: 1. Mark-up on loan 2. Freight and carriage 3. Repairs

·        

https://www.youtube.com/watch?v=W6GP9ITi00Y Lecture 24
https://www.youtube.com/watch?v=tzt-_jDxcF0 Lecture 25
https://www.youtube.com/watch?v=RcX07vWqhKI Lecture 26
https://www.youtube.com/watch?v=a9aJCmixGXs Lecturer 27-28
https://www.youtube.com/watch?v=HA5Go1qDFB0 Lecture 29-30-31
https://www.youtube.com/watch?v=_UQYQxJAV14 Lectuer 32
https://www.youtube.com/watch?v=szSuyUQf5P0 Lecture 33-34
https://www.youtube.com/watch?v=MPqlqpjiWJw Lecture 35
https://www.youtube.com/watch?v=deipJTzueYY Lecture 36
https://www.youtube.com/watch?v=PY4P9lYXHRs Lecture 37
https://www.youtube.com/watch?v=k__boxKyOuw Lecture 38
https://www.youtube.com/watch?v=Ow93Wu968jM Lecture 39
https://www.youtube.com/watch?v=vDUQt9hGeQ0 Lecture 40
https://www.youtube.com/watch?v=v7kymsIBaeU Lecture 41 to 42

Mcqs debit credit or kuch calculation based thy.  Questions sahi se yaad ni ab lkin kuch thore bht yaad hein Current Assets. Reconcilation statement balance sheet. accumulated profit Debitor control Account Creditor Control account or kuch adjustment karni thin entries given thin prepayments and short term running finance ma differnece short and long term differnece capital and revenue expenditure differnece operating expense find karne the trial balance ma current assets find karne the trial balance ma se define memorandum of association accumulated profit and loss account ko find karna tha Bank reconciliation statement ka question aya tha find markup Q.1 Following is information of shumile LTD. For the40, 000 ended December 31st 2009. Cash in hand=16,850 Bank overdraft 72,500 Plant and machinery = 171,000

Q.2 If Sundry creditor at beginning Rs250,000 Sundry creditor at the end=100,000 Credit Purchases=200,000 Purchase return = 50,000

Q.3 Explain revaluation of fixal Assets in detail Prepare both partners A and B current account from the following information the ascertainel from hole of their partnership

Particular Particular A Particular B Opeing balance 153,000 25,000 Salries 5,000 4,000

Q. 4 Determine the value of closing stock reported in balnce sheet for home plus (PVT). LTD from the following information

Q.5 Opeing stock of raw material =Rs.19,000 Closing stock of raw material =Rs.16,000 Opeing work process = Rs. 10,000 Closing work process = Rs. 18,000

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Q. 6 You are required find the value of oping balance of creditors and by preparing creditor control account .

Particular Rs Credit sales 150,000 Cash pyment to criditors 295,000 Cash sales 300,000

Q.7  Public Limited companies have many options to increase its number of shares in the stock market, you are required to just write three option.

Q.8  Prepare current Assets and current Liabilities side of Balance sheet from the following information.

Bank overdraft 3,000 Building 200,000 Capital stock 10,000,000 Cash at bank 5,000 Debentures 250,000

Q. 9 Pass two separate Journal entries based on the following information.

Q. 10 For creating provision for doubt of Rs.30,000 by considering bad debts as an expense for bad debts expense account of Rs.30,000 to profit and loss account.