MGt101 Quizz No. 02 Fall 2016 

Here are the some helping material for MGT101 Online Quiz No 02 Solution and Discussion Due Date:06-12-2016. Dear Virtual University Students. As You may know Quiz no. 02 was opened on December 1, 2016 and last date to attempt quiz is be December 6, 2016.

Also Read: MGT101 short notes for Mid term papers

MGt101 Quizz No. 02 Solved Questions:

Here are few questions that came in today quiz with answers.

Which of the following are recorded in Cash Book?
  • Receipts and payments
A wrong entry on the debit side of the Cash Book would lead to:
  • Cash Book showing more Balance
Which of the following account summarizes the profitability of business for a specific accounting period?
  • Profit & Loss account
Which of the following is NOT considered a part of financial statements?
  • General Journal
If Salaries Rs. 12, 000, Rent Rs. 5,000, Gross profit Rs. 58,000 and Discount received Rs. 10, 000. What will be the amount of Net Profit?
  • 51000
Which of the following is fiscal Year of Government of Pakistan?
  • 1st july to 30th june
In case of Income and Expenditure account, Excess of income over expenses in a specified accounting period is called:
  • surplus
surplus = income > expenses

What will be debited, if business purchased Vehicle on cash?
  • vehicle a/c
Cost of goods manufactured + opening finished goods – ending finished goods =?
  • cost of goods sold
What will be debited, if business bought goods on credit from Mr. Ali

  • purchase a/c
Also Read: MGT101 Solved Material Mega Folder
MGt101 Quizz No. 02 Fall 2016 Screenshot 1
MGt101 Quizz No. 02 Fall 2016 Screenshot 1

MGt101 Quizz No. 02 Fall 2016 Screenshot 2
MGt101 Quizz No. 02 Fall 2016 Screenshot 2

MGt101 Quizz No. 02 Fall 2016 Screenshot 3
MGt101 Quizz No. 02 Fall 2016 Screenshot 3

MGt101 Quizz No. 02 Fall 2016 Screenshot 4
MGt101 Quizz No. 02 Fall 2016 Screenshot 4

MGt101 Quizz No. 02 Fall 2016 Screenshot 5
MGt101 Quizz No. 02 Fall 2016 Screenshot 5

MGt101 Quizz No. 02 Fall 2016 Screenshot 6
MGt101 Quizz No. 02 Fall 2016 Screenshot 6

MGt101 Quizz No. 02 Fall 2016 Screenshot 7
MGt101 Quizz No. 02 Fall 2016 Screenshot 7

MGt101 Quizz No. 02 Fall 2016 Screenshot 8
MGt101 Quizz No. 02 Fall 2016 Screenshot 8

MGt101 Quizz No. 02 Fall 2016 Screenshot 9
MGt101 Quizz No. 02 Fall 2016 Screenshot 9

You Can Also Download 
Solved Mid Term PapersShort NotesAssignment SolutionsLecture Wise Questions Answers FilesSolved MCQsSolved Quiz , Solved Mid Term Subjective Papers , Solved Mid Term Objective Papers From This Discussion For Preparation Mid Term Papers of Fall 2015-16.

Post a Comment

 
Top