Showing posts with label MGT401. Show all posts
Showing posts with label MGT401. Show all posts

Mgt 101, Mgt 401 MCqs Solved Final term papers

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MGT101/401 Final Term Solved Papers

Latest MCqs Solved For ur Final term papers of All Subjects. Here you can Download MGT 101 and MGT 401 Solved MCQ's and Final Term Past Papers

MGT 101 Final term paper Part 1

Total 50 Questions (40 MCQs & 10 Subjective)
MCQs mostly of Calculation. (Study past papers recommended)
Questions are also of Calculation, mostly i.e Different Details/table were given and ask for CALCULATION. These TOPICs are

1 Premium Share

2 Cash Receipt

3 Amount of Turnover Creditor Ratio and Payables

4 Direct and Indirect expenses

5 Net Profit Ratio and Creditor Turnover Ratio

6 Operating activities

(B) One question from Rectifying Error, the entries were given and asked to correct them from given options.

(C) Asked for Current Account to make from given data/table

(D) One from Debentures


You should Also Read about : MGT101 All Past Final Term Papers

MGT 101 Final term paper Part 2

Following is information of Shumile Ltd. for the year ended December 31st, 2009.

Particular
Rs.
Cash in hand
160,850
Bank overdraft
72,500
Plant & Machinery
171,000
Furniture
30,000
Land
100,000
Accumulated profit & Loss c/f (credit balance) on 31stDecember, 2009.
7,250
Gross Profit on 31st December, 2009.
125,000
Paid up capital
150,000
General Reserve
12,000
Authorized Capital Rs. 10/each
500,000

Other information:
Depreciation is charged on all Depreciable Fixed Assets @ 10% p.a.

Required:
Calculate the written down value of fixed asset to be shown in balance sheet as on 31st December, 2009.

You should also Read about: Financial Accounting MGT101 Solved Papers

MGT 401 Final term paper Part 1

62 MCQs and 7 questions

Q1: Common Components of Memorandum (5 marks)

Q2:What do you know about distribution Cost?support your answer with three examples (5 marks)

Q3:Classify the following activites into Operating , Investing and Finance activites . (5 marks) ( 5 activites was given,, this question is related to cash flow statement )

Q4:Format of income statement on the basis of functions of expense
(5 marks)

Q5: Format of Profit and Loss Appropriation Account for a limited company (3 marks)

Q6:How expenses are aggregated according to functions. (3 marks)

Q7: ( This was a numerical question to find out Earning per Share )
(3 marks)

MGT 401 Final term paper Part 2

total questions 69
62 are mcqs from all lessons.........

3 questions of 3 marks and 4 questions of 5 marks...................

1. provision for warranty?? 3

2. 1 application to record errors?? 3

3. methods to prepare cash flow statement?? 3

4. ledger entries?? 5

5. asked to teel which are operating and which are financing activities?/ 5

6. calculate shareholder's equity??/ 5

7. present value??

Download MGT 101 Final Term papers

Final_Mgt101,Difficult_Final_MCQs_solved_by_Abr_&_Chanda

Final_term_14_Papers_MGT101_SOLVED_by_chanda

FINALTERM_MGT101_paper_No_15_to_paper_No_24

Final_term_MGT101_solved_paper_no_25_to_33

Final_term_MGT101_solved_paper_no_34_to_42

Download MGT 401 all MCQs in one file


MGT401 –solved paper- Financial Accounting II (2).pdf, 240 KB


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MGT401 ASSIGNMENT SOLUTION

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MGT401 ASSIGNMENT NO. 1 SOLUTION




                SEMESTER SPRING 2013
Financial accounting-ii (mgt401)              ASSIGNMENT NO. 01
Due Date: 02ND May, 2013
Marks: 20

Assignment: 1
Learning Objective
The students are expected to learn the application of the provisions of IAS 16 (Property, Plant & Equipment) and IAS 23 (Borrowing Cost)

Learning Outcomes
After going through this activity, the students should be able to apply IAS 16 & IAS 23 in their true meanings.

Case
Sunshine Assembling Limited is engaged in assembling of sewing machines, water filters and washing machines. The company has its own distribution network across the country. Recently, the company has announced to launch a new brand of computerized and programmable sewing machine in the market. The company will import its parts from Japan and assemble it on its newly designed hi-tech plant. The machine bearing the brand name of “Mach09” will be sold through the company’s existing distribution channels. For this purpose, the company has decided to construct its own assembling plant which will not only increase efficiency of the machine but will also reduce its assembling cost to the desirable level. It has been estimated that the new project would cost exactly at Rs. 20 million. To finance this project, the company has obtained abank loan equivalent to 70% of the project cost at 20% p. a. for the period of 2 years. The life of the plant has been estimated at 10 years with the residual value estimated at 10% of the invoice value.
The loan was sanctioned on April 1, 2004 and the company immediately placed the acquired funds in saving account with a local bank for three months at an annual return of 14%. Due to some technical issues with the plant, the installation started on August 1, 2004. But, soon after the installation started, the company has been forced to stop it for a period of 3 months owing to the non-compliance of certain environmental safety laws. On 1st January 2005, the company started installation again and continued it till its completion on August 31 in the same year. The entire loan was paid off on 31st October 2005.
On December 31, 2005, fair market value of the plant was estimated at Rs. 25 million. The company has the policy to charge full year depreciation in the year of acquisition or purchase and no depreciation in the year of disposal.
Required:
(1)  Journal entries to record:
a)     Borrowing cost on the plant to capitalize;                                     (5 Marks)
b)     Initial plant cost to recognize;                                                      (3 Marks)
c)     Depreciation expense for the first year; &                                   (4 Marks)

(2)  Prepare depreciation schedule for the initial 5 years.                         (5 Marks)

(3)  Plant value to be reported at the balance sheet as on 31/12/2005       (3 Marks)


Important:
24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
Important Instructions/ solution guidelines/ special instructions
Show complete working in support of your solution as it carries marks.

Other Important Instructions:
Deadline:
  • Make sure to upload the solution file before the due date on VULMS.
  • Any submission made via email after the due date will not be accepted.

Formatting guidelines:
  • Use the font style “Times New Roman” or “Arial” and font size “12”.
  • It is advised to compose your document in MS-Word format.
  • You may also compose your assignment in Open Office format.
  • Use black and blue font colors only.

Referencing Guidelines:
  • Use APA style for referencing and citation.  For guidance search “APA reference style” in Google and read various websites containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html

Rules for Marking
Please note that your assignment will not be graded or graded as Zero (0), if:
  • It is submitted after the due date.
  • The file you uploaded does not open or is corrupt.
  • It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
  • It is cheated or copied from other students, internet, books, journals etc.

Note related to load shedding: Please be proactive

Dear students!
As you know that Pre Mid-Term semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

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MGT401 QUIZ NO.3 SPRING 2013 FILE 1

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MGT401 QUIZ NO.3 SPRING 2013 FILE 1



MGT401 QUIZ NO.3










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MGT401 1ST QUIZ SPRING 2013

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MGT401 Financial Accounting II



Quiz Start Time: 05:49 PM  Time Left  53
sec(s)  

MGT401 Financial Accounting QUIZ


Question # 1 of 15 ( Start time: 05:49:17 PM )  Total Marks: 1
Which of the following option is/are TRUE with respect to the Disclosure requirement for intangible assets acquired by the way of Government grants?
Select correct option:

 The fair value initially recognized
 Disclosure for carrying amount
 Disclosure for the amount of commitments for acquisition of intangible assets
 All of the given options


 
Quiz Start Time: 05:49 PM  Time Left  76
sec(s) 

Question # 2 of 15 ( Start time: 05:50:43 PM )  Total Marks: 1
Which of the following is the ability to govern the financial and operating policies of an enterprise so as to obtain from its activities?
Select correct option:

 Control
 Significant Influence
 Direct Subsidiary
 Indirect Subsidiary

MGT401 Financial Accounting QUIZ

Quiz Start Time: 05:49 PM  Time Left  87
sec(s) 


Question # 3 of 15 ( Start time: 05:52:09 PM )  Total Marks: 1
Which one of the following methods for inventory valuation is NOT suitable for homogeneous units?
Select correct option:

 FIFO Method
 LIFO Method
 Weighted Average Method
 Specific Identification Method

MGT401 Financial Accounting QUIZ


Quiz Start Time: 05:49 PM  Time Left  83
sec(s) 


Question # 4 of 15 ( Start time: 05:53:40 PM )  Total Marks: 1
Which of the following meeting is held once in the life of a company?
Select correct option:

 Statutory Meeting
 Annual General Meeting
 Extraordinary Meeting
 Board Meeting

Quiz Start Time: 05:49 PM  Time Left  85
sec(s) 


Question # 5 of 15 ( Start time: 05:55:11 PM )  Total Marks: 1
Which of the following is INCORRECT with respect to Perpetual Inventory System?
Select correct option:

 Receipt of inventory is debited to Stock Account
 Issuance of inventory is credited to Stock Account and Debited to Material Consumption Account
 Receipt of inventory is debited to Purchase Account
 Material Consumption Account becomes the part of Trading Account

MGT401 Financial Accounting QUIZ

Quiz Start Time: 05:49 PM  Time Left  85
sec(s) 


Question # 6 of 15 ( Start time: 05:56:16 PM )  Total Marks: 1
Which of the following business is formed by the approval of Ministry of Interior?
Select correct option:

 Money Exchange Company
 Non Banking Finance Corporation
 Security Services Providing Company
 Corporate Brokerage House

MGT401 Financial Accounting QUIZ

Quiz Start Time: 05:49 PM  Time Left  74
sec(s) 


Question # 7 of 15 ( Start time: 05:57:41 PM )  Total Marks: 1
The closing balance of inventory will be if: Opening inventory will Rs.1, 000, purchases will Rs.10, 000 and cost of sales will Rs.10,500.
Select correct option:

 Rs. 1,000
 Rs. 500
 Rs. 1,500
 Rs. 950

Quiz Start Time: 05:49 PM  Time Left  83
sec(s) 


Question # 8 of 15 ( Start time: 05:58:52 PM )  Total Marks: 1
Which of the following IAS deals with the Borrowing Costs?
Select correct option:

 IAS 23
 IAS 07
 IAS 01
 IAS 16

MGT401 Financial Accounting QUIZ

Question # 9 of 15 ( Start time: 05:59:23 PM )  Total Marks: 1
On which certificate, the birth date of a company is mentioned?
Select correct option:

 Certificate of Corporation
 Certificate of Incorporation
 Certificate of Quality
 Certificate of Excellence

Quiz Start Time: 05:49 PM  Time Left  88
sec(s) 

MGT401 Financial Accounting QUIZ

Question # 10 of 15 ( Start time: 06:00:33 PM )  Total Marks: 1
Who sign the Articles of Association (AOA) of a company?
Select correct option:

 Managers of the company
 Employees of the company
 Sponsors of the company
 All of the given options


Question # 11 of 15 ( Start time: 06:01:54 PM )  Total Marks: 1
Which of the following is NOT the method of stock valuation?
Select correct option:

 FIFO Method
 Weighted Average Method
 Specific Identification Method
 Straight Line Method

 Quiz Start Time: 05:49 PM  Time Left  86
sec(s)  

MGT401 Financial Accounting QUIZ


Question # 12 of 15 ( Start time: 06:02:12 PM )  Total Marks: 1
Which one of the following is a method of stock valuation?
Select correct option:

 Diminishing Balance Method
 Written Down Value Method
 Specific Identification Method
 Sum of Year Digit Method


     Quiz Start Time: 05:49 PM  Time Left  87
sec(s)  

MGT401 Financial Accounting QUIZ


Question # 13 of 15 ( Start time: 06:02:47 PM )  Total Marks: 1
Which of the following statement is/are INCORRECT under the Cost Method for recognition of investment in associated companies?
Select correct option:

 Any distribution of profits by the investee company is recorded as an expense
 Any distribution of profits by the investor company is recorded as an income
 The carrying amount of the investment is increased or decreased to reorganize the investor’s share of profits or losses of the investee after the date of acquisition
 All of the given options


    

MGT401 Financial Accounting QUIZ


Quiz Start Time: 05:49 PM  Time Left  75
sec(s) 


Question # 14 of 15 ( Start time: 06:03:48 PM )  Total Marks: 1
In case of calling Extraordinary General Meeting (EOGM), at least how much voting right is required by any director or share holder of a company according to Companies Ordinance 1984?
Select correct option:

 5%  voting rights
 10% voting rights
 15% voting rights

 20% voting rights

 Start Time: 05:49 PM  Time Left  75
sec(s) 


Question # 15 of 15 ( Start time: 06:04:10 PM )  Total Marks: 1
LIFO means?
Select correct option:

 Last-In-First-Out
 Large Integrated Financial Organization
 The Last-In-First-Out method of approximating the cost of stock
 None of the given options


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MGT401 1ST QUIZ SPRING 2013

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MGT401 1ST QUIZ SPRING 2013

Please read the following instructions carefully!
  1. Quiz will be based upon Multiple Choice Questions (MCQs).
  2. You have to attempt the quiz online. You can start attempting the quiz any time within given date(s) of a particular subject by clicking the link for Quiz in VULMS.
  3. Each question has a fixed time of 90 seconds. So you have to save your answer before 90 seconds. But due to unstable internet speeds, it is recommended that you should save your answer within 60 seconds. While attempting a question, keep an eye on the remaining time.
  4. Attempting quiz is unidirectional. Once you move forward to the next question, you can not go back to the previous one. Therefore before moving to the next question, make sure that you have selected the best option.
  5. DO NOT press Back Button / Backspace Button while attempting a question, otherwise you will lose that question.
  6. DO NOT refresh the page unnecessarily, specially when following messages appear
    • Saving...
    • Question Timeout: Now loading next question...
  7. Javascript MUST be enabled in your browser; otherwise you will not be able to attempt the quiz.
  8. If for any reason, you lose access to internet (like power failure or disconnection of internet), you will be able to attempt the quiz again from the question next to the last shown question. But remember that you have to complete the quiz before expiry of the deadline.
  9. If any student failed to attempt the quiz in given time then no re-take or offline quiz will be held.  
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MGT 401 past final term extracted papers

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mgt 401
MGT 401 past final term extracted papers WORDPAD FILES which i uploaded here

Attachments:

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Mgt 401 All Current Final Term Papers Spring 2013

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mgt 401
All Current Final Term Papers Spring 2013
From 20 Jul , 2013 to 31 Jul 2013 Spring 2013
 Total Questions: 60
Total Marks: 78
Total MCQs: 54 (Each of 1 Mark)
Total Short Questions: 3 (Each of 3 Mark)
Total Long Questions: 3 (Each of 5 Mark)
Question: 55
An asset, whose book value is Rs 89000 as discovered by fire after the balance sheetdate, Required:
• identify the types of event
• what will be the accounting treatment
Question: 56
What types of provision created to reduce the asset?
Question: 57
List down the items that should be included in Cash flow from financing activities?
Question: 58
Describe the basic terms for meaning the elements of Financial Statement with respect to the IASB’s framework.
• Historical cost
• Current cost
• Realizable cost
Question: 59
if account receivable at beginning Rs 250,000
Account receivable at end 190,000
Credit sale 30,000
Then calculate cash receipts from sale with the help of account receivable ledger account.
Question: 60
What do you know about the administrative cost? Give 3 examples

Q. 56: 
Provision:
provision is a liability of uncertain timing or amount. For a provision following
points must be kept in mind:
·
Present obligation
·
Arising from the past event
·
Probable outflow of resources in future
·
Amount can be estimated reliably.
Provision is created for two motives:
·
One to reduce Assets
·
Second to create a liability against losses
Provision that is created for reduction in assets is of two types:
1. Provision against receivables (also known as contra to receivables ­
Provision for doubtful debts)
2. Provision against the expiry of economic benefits of fixed assets
(Provision for depreciation/amortization)

Q. No : 57
Cash Flow Statement:
1. Cash flow statement shows the movement in cash resources of the business.
2. This statement shows the sources from which business generated cash and its application.
Cash flow from investing activities includes cash receipts and payments that arise from Fixed and Long Term assets of the organization.
Examples of cash flows from investing activities are:
• Cash payments to acquire property plant and equipment. These also include payments made for self- constructed assets.
• Cash receipts from sale of property plant and equipment.
• Cash payments and receipts from acquisition and disposal other long term assets e.g. Shares, debentures, TFC, long term loans given etc.
• If assets are held for trading purposes or in normal course of business e.g. car / property dealers and loans given by banks, then cash flows from them are included in Operating Cash Flow.

Q. No: 58
Historical cost
Consideration paid (payable) or received (receivable) at the time of recording of transaction (no relation to current costs).
Current cost
The consideration that would have to be paid if a same or an equivalent asset is acquired. The undisclosed amount of cash or cash equivalents, that would be required to settle an obligation currently.
Realizable cost
The consideration that would be realized by selling an asset in an orderly disposal

Q. No 60:
Administrative expenses are costs that are associated with the management and general functions of an organization and are not directly related to a specific department. Sometimes considered part of general business expenses, these costs can be for basic needs such as rental space for the business, utilities or office supplies. Administrative costs also can include the salaries of people who are not involved in sales, production or other departments within the company, such as senior executives, secretaries and receptionists.
Mgt401 todays ppr
What do you know the term restrospective restatement with respect to IAS 8?3
List down the component of cash flow?3
What is term joint venture?3
Calculate the profit and loss appropriation account?3
Calculate the required provision for warranty?5
Calculate the deprication for 2nd year by straight line method5
List down the item of Cash flow in operating activities?5
One question is about provision:/ 5


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