Mgt101 Fall 2011 Final Term Feb 2012 – VU Current Paper – 08 Feb 2012


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