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MGT101 VU Current Midterm Fall 2012 Paper 14 December 2012

MGT101 VU Current Midterm Fall 2012 Paper – 14 December 2012
 Total MCQ = 22 (1 Marks each)
Total Short Questions = 4 (3 Marks each)
Total Long Questions = 1 (5 Marks each)

– A Creditors Ledger showing Debit side total Rs.45,000, and Cedit side total Rs.40,000…. explain the, can this be possible, why or why not ? (3 marks)

– Some narration were given, we have to explain, which of them will be ADDED BACK or DEDUCTED from pass book. (3 marks)

– Pass the double entries: (3 marks)
1) Issued Direct Material to the production area
2) some material got back to to stock from factory area.

– Preparation of Balance Sheet. (3 marks)

– Depreciation Charge Calculation (5 marks)

Another Paper:

Total MCQ = 22 (Each of 1 Marks)
Total Short Questions = 3 (Each of 3 Marks)
Total Long Questions = 3 (Each of 5 Marks)
Purchase handling cost to be calculated — 3 marks
There were some errors to be rectified into cash account — 3 marks
Cash account and pass account entries were to be rectified (add or less) — 3 marks
Gross profit were to be calculated from given equation — 5 marks

Another Paper:

Total Questions = 27
Total MCQ = 22 (Each of 1 Marks)
Total Short Questions = 3 (Each of 3 Marks)
Total Long Questions = 2 (Each of 5 Marks)

Total Short Questions = 3 (Each of 3 Marks)
Total Long Questions = 3 (Each of 5 Marks)
Purchase handling cost to be calculated — 3 marks
There were some errors to be rectified into cash account — 3 marks
Cash account and pass account entries were to be rectified (add or less) — 3 marks
Gross profit were to be calculated from given equation — 5 marks

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