Gud Luck for Final Term Examination Spring 2017

Gud Luck for Final Term Examination Spring 2017
 


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.

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