MGT101 - Financial Accounting Midterm

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GMT - 3 Hours MGT101 - Financial Accounting Midterm

Post by =**Fairy** = on Mon May 09, 2011 12:14 pm

my today Mgt 101 paper
total 32 question
28 objective and 4 subjective
subjective question
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1- prepare profit and loss acount from folowing statement 5 marks
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sales revenue 100000
cost of sales 70000
salaries 1000
rent 2000
depreciation 3000
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2- define capital loss with an example 3marks
3-differentiate between straight line depreciation and reducing method depreciation. 5 marks
4- fourth question is also about profit and loss acount statment.
5-mostly objective from past papers.
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