MGT101 Final term Current Paper fall 2017

mgt101 FINAL TERM CURRENT PAPER FALL 2017

Dear VU Students Here We (VU KI DUNIYA) Provides Virtual University of Pakistan All Subjects Current Papers. All Current Papers of Final term fall 2017. Please touch with our website (VU KI DUNIYA).

Today here you read and download MGT101 Current Final Term Papers fall 2017. MGT101 Total Questions. 52. MCQS 40. Short Question 6. Long Questions 6.  All are in Past Papers. Previously We (VU KI DUNIYA) Shared All Subjects Current Mid Term Papers fall 2017.

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some questions

Question No.1:

What is nominal capital?

Question No.2:
Q2) Find operational profit?

Question No.3:
Q3) find net sales?
Question No.4:

Q4) Find Cost of goods sold?
Question No.5:

Q5) Cash flow statement explain?
Question No.6:

Q6) show profit and loss statement?
Question No.7:

Q7) find Material Consumed?
Question No.8:

Q8) Find cost of goods sold for given data?
Question No.9:

Q9) rectification of error?
Question No.10:

Q10) explain error of Omission?
Question No.11:

Q11) Find creditors?

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MGT101 GDB 2 Solution fall 2017

MGT101 GDB  SOLUTION FALL 2017

Dear VU (Virtual University of Pakistan) Students, here you read and download MGT101 (Financial Accounting) GDB No.2 SolutionFall–2017. GDB Total Marks 05. You can download easily GDB Solution click the download button and get GDB Solution. GDB Open Date 19th January 2018 and GDB Closing Date 22th January 2018. You can also like for latest update our Facebook page, YouTube channel and follow on Google+. Previously (VU KI DUNIYA) share MGT101 (Financial Accounting) Assignment No.1 Solution fall – 2017.

gdb instructions

• Your discussion must be based on logical facts.
• Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
• Obnoxious or ignoble answer should be strictly avoided.
• Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.

GDB Topic:

• Rectification of errors

Learning Objective:

• To understand the type of errors and effects of identified errors on trial balance and financial statements

GDB Question:

Mr. Aslam is running his small business under the name of Aslam and Sons. He has recently hired Mr. Anwar as a junior accountant to maintain the books of accounts of his business. Mr. Anwar has little knowledge in accounting. Recently, it has been observed that Mr. Anwar made the following errors in the books of accounts.

GDB Case:

Identify the “type of error” committed by Mr. Anwar under Case-A given above.

Identify the “type of error” committed by Mr. Anwar under Case-B given above.

What will be the effect of given errors on arithmetical accuracy of trial balance? (Just mention whether the trial balance would be overstated, understated or remains unaffected).

Compute the correct amount of Net profit, if net profit before correcting the above errors was Rs. 150,000.

Please Note: Be concise and avoid unnecessary detail to attempt the given questions.

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You can Also Download Midterm Solved Past Papers referenceby Moaaz and Waqar Sidhu, Final term Solved Past Papers reference by Moaaz and WaqarSidhu, GDB Solutions, Assignment Solutions, and Solved Quizzes files, PPTSlides, Handouts, Final term Short Notes, Mid Term Short Notes and NTS Guidelines.

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MGT101 Assignment No 1 Solution fall 2017

mgt101 ASSIGNMENT 1 SOLUTION FALL 2017

Dear Students, Here You can read and download MGT101- Financial Accounting Assignment No.1 Solution fall - 2017 and discussion About MGT101 Assignment fall 2017. Assignment Due Date: 14 November, 2017. Assignment Total Marks: 10. You can Also Download Midterm Solved Past Papers, Final term Solved Past Papers, GDB Solutions, Assignment Solutions, and Solved Quizzes files, PPT Slides, Handouts and Short Notes. If assignment solution was helpful. Please Share It with your friends. You can also like our Facebook page, subscribe YouTube channel and follow on Google+ for Latest Update.

Recommended: MGT101 Latest Solved Quizzes 

ASSIGNMENT IMPORTANT INSTRUCTION 

Topic:

Basic concepts to understand the different contents of financial statements

ASSIGNMENT Question

To understand the basic concepts required for the preparation of financial statements.

Following information has been extracted from the books of ABC Enterprises.

Particulars

Rs.

Cash in hand

10,000

Debtors

20,000

Machinery

300,000

Building

400,000

Furniture

500,000

Creditors

5,000

Bank overdraft

15,000

Loan taken from bank for the period of 5 years

200,000

Loan taken from Mr. B for the period of 3 months

30,000

Loan given to Mr. D for the period of 5 months

35,000

Sales

800,000

Cost of goods sold

550,000

Freight outwards

13,000

Advertisement expenses

14,000

Distribution expenses

12,000

Based on the information given above, you are required to calculate the:

• Current Assets
• Fixed Assets
• Current Liabilities
• Gross Profit
• Selling Expenses

notes

Be specific to requirements of solution; inclusion of irrelevant items in any part of solution may leads to deduction of marks.

Important:

Grace period of extra 24 hours 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.

Other Important Instructions:

• Take help from internet for collecting the information.
• Carefully watch relevant lectures and consult the relevant material from handouts along with recommended books.
• Attempt the assignment by yourself and it will be entertained positively.

deadlines

• 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.

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 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.

related to loadshedding

Dear Students, As you know that Pre-Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a day. 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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MGT101 Quizzes No 1 Solution Fall 2017

mgt101 quizzes no.1 SOLUTION FALL 2017

Dear VU Students, Here You Can Read and Download MGT101 Quizzes No.1 Solution fall 2017. Quizess Date November, 01 2017. You can Also Download Midterm Solved Past Papers, Final term Solved Past Papers, GDB Solutions, Assignment Solutions, and Solved Quizzes files, PPT Slides, Handouts and Short Notes. You can also like our Facebook page, subscribe YouTube channel and follow on Google+ for Latest Update.

MGT101 solved QUIZZES NO.1 nov-01-2017 

“Easy Dissolution” is a closely related characteristic of which of the following type of business?

• Sole Proprietorship
• Partnership Private
• Limited Company
• Public Limited Company

Select the most suitable equation which properly represents the derivation of fundamental Accounting Equation.

• Assets = Owner’s Equity
• Assets + Liabilities = Owner’s Equity
• Cash = Assets
• Assets – Liabilities = Owner’s Equity

Which of the following is / are the particular/s of a cash book?

(1) Date of transaction

(2) Account title

(3) Amount

• 1 only
• 1 & 2 only
• 1 & 3 only
• 1, 2 & 3

Which of the following item is found in a Journal entry?

(1) Date of each transaction

(2) Rupee amount of each debit and credit

(3) Explanation of each transaction

• 1 only
• 1 & 2 only
• 1 & 3 only
• 1, 2 & 3

Generally Accepted Accounting Principles (GAAP) are necessary because financial statements:

• are publicly available
• should be standardized
• should be understandable
• All of the above

Which of the following is NOT a characteristic of Cash Book?

• It has two identical sides—left hand side, the debit side and right hand side, the credit side
• It verifies the arithmetic accuracy of posting of entries from the Journal to the Ledger
• The difference between the total of two sides of cash book shows cash in hand
• It always shows debit balance. It can never show credit balance

An accounting system is used by a business to:

• Analyze transactions
• Handle routine bookkeeping tasks
• Structure information
• All of the given options

The proper classification and normal balance of accounts receivables account is:

• Assets
• Liabilities
• Revenues
• Expenses

Find out the missing value of an Accounting Equation with the help of given data:

Owner’s equity Rs. 22,500

Total Liabilities Rs. 80, 385

Cash                 Rs. 1,000

Bank         Rs. 2,000

Debtors            Rs. 500

• Rs. 102,885 other assets
• Rs. 102,885 current liabilities
• Rs. 99,885 current liabilities
• Rs.  99,385 other assets

Recommended: MGT101 Assignment No.1 Solution Fall - 2017

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