Friday, July 10, 2009

MGT101 9th july 2009 new

Kindly do make vuhelps your default page and keep viewing it to get up to date information about current fresh exams. Also follow the blog. Send your papers to make them here uptodate at or feel free to call at 03455242488
is used to record transactions that do not affect cash or bank. ► Payment voucher ► Receipt voucher ► Journal voucher ► All of the given options

Which one of the following item will appear on the balance sheet of a company as current assets?

Prepaid expenses ► Outstanding expenses ► Furniture and equipment ► Provision for depreciation
If bank statement shows a credit balance, it means __________balance for bank book. ► Favorable ► Unfavorable ► Overdraft ► None of the given options
Question No: 4 ( Marks: 1 ) - Please choose one Formula for Earning per Share is_______ ► Market value per share / Earning per share
Net profit after tax before appropriation / Number of shares ► Operating Profit before financial charges / Financial charges ► None of the given options
Liquidity is defined as: ► The amount of cash to liquidate ► The funds available for use ► The ability of business to receive its cash ► The ability of a business to pay its debts in time
The account through which surplus or deficit of a Non Trading Institution is ascertained, is called ___________account.
Any money taken away by the Owner for his personal use is called _________
If the gross profit is Rs.5000 and the net profit is 25% of the gross profit, the expenses must be Rs. _____
Write down the formula for debtor’s turnover ratio: • Calculate on the basis of number of days • Calculate on the basis of number of times
Rectify the following errors: 1. Salaries paid Rs. 13,000 was wrongly recorded as Rs. 1,300. 2. Purchase of goods from Mr. B worth of Rs. 5,500 was recorded at Rs. 4,500. 3. Cash sale to Mr. C worth of Rs. 10,000 was debited to sale account and credited to cash account. 4. Cost of repair Rs. 500 has been charged to Machinery account. 5. A sale of Rs. 3,000 to A was wrongly debited to the account of B.

Regards Vuhelps

No comments: