MGT101 Current Finalterm papers

62 MCQs FROM PAST PAPERS


Question 1:
Particulars Rs.
Raw Material - Opening Stock 10,000
Raw Material – Purchases 2,000
Raw Material - Closing Stock 3,000
Packing Material - Opening Stock 4,000
Packing Material – Purchases 5,000
Packing Material - Closing Stock 6,000
Based on the above information you are required to calculate the following:
· Cost of Raw Material Consumed
· Cost of Packing Material Consumed


Question 2:


10 % Debentures of Rs. 80,000 are shown in trial balance. How it will
be shown in financial statements? Also mention why a company issues
debentures.


Question 3:
Steps of formation of Private Company


Question 4:


Financial year decided by partnership agreement is 1st July to 30th June. Mr. Ali is partner and
having a
capital of Rs. 1,500,000 on July 1st 2007 and he introduced more capital on August 1st 2007 Rs.
10,000
on April 1st 2008, Rs.500,000 and on June 1st 2008 , Rs. 5,000. Mark up rate is 10% p.a.
Calculate mark up on Mr. Ali’s capital for the year ending on 30th June 2008.


Question No:5


Calculate Cost of good sold by given data.


Question No:6


Find depreciation expense and written down value by straight line method