:::|| VU Askari ||::: LATEST MGT101 PPR 5TH MARCH

AOA every1,i just gave my mgt101 ppr which was extremely easy.only 2 mcq,s confused me for which i was unable to reach at the correct answer.one is as follows and thw other was related to bad debts.other subjective Q,s are also as follows.
Q

particulars	units	Price /unit	Total amount
Opening inventory	10	10	100
1st march purchases	50	10	500
6th june purchases	20	20	400
7th august purchases	15	10	150
9th November purchases	45	10	450
Merchandize available	140		1600

 

85unites were sold, using FIFO inventory valuation method determine Cost of goods sold  (1mark)

 Q.  Treatment of 3 entries in bank reconciliation statement. 3marks

Q.  Difference between bad debts and doubtful debts. 5 marks

Q.  Prepare debtors control a/c and creditors control a/c from given information. 10marks

Q.   Find WDV of fixed assets and the cost of goods sold from given information.  10marks

Cost of various assets e.g building, equipment,vehicle

AccumulateD depreciation given

Depreciation for the current year

Vehicles running expenses (these were not to be treared.only tricky point in Q)

OPENING STOCK

Purchases

Carriage inward

CLOSING STOCK

 

 

 

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