MGT101 Final Term Past Papers 2009

Rana Abubakar Khan If you want to learn computer programming then contact with me

JOIN FB GROUP FOR VU HELP · Mega file of MCQs · FINALTERM EXAMINATION · Fall 2009 · MGT101- Financial Accounting · Solved by AMBER SHAHEEN

Q1. Shares for which amount is paid by public are called ________ shares. (1 marks)

1. Paid up
2. Authorized
3. Bonus share
4. All are correct options

Correct answer: Paid up

Q2. The area of accounting concerned with reporting financial information to the interested parties is called: (1 marks)

1. Cost Accounting
2. Financial Accounting
3. Management Accounting
4. Tax Accounting

Correct answer: Financial Accounting

Q3. An organization operating with the objective of making profit from the sale of goods or services is called: (1 marks)

1. Transaction
2. Business
3. Society
4. Trust

Correct answer: Business

Q4. essentials are shown in Bank Book? (1 marks)

(1) Date of transaction (2) Narration of transaction (3) Cheque number

1. (1) & (2) only
2. (2) & (3) only
3. (1) & (3) only
4. (1), (2) & (3)

Correct answer: (1), (2) & (3)

Q5. summarizes the cash movements during a specified period? (1 marks)

1. Trading account
2. Profit & Loss account
3. Receipts & Payments account
4. Balance Sheet

Correct answer: Profit & Loss account

Q6. What type of expenses are paid out of Gross Profit? (1 marks)

1. Selling Expenses
2. General Expenses
3. Financial Expenses
4. All of the given options

Correct answer: All of the given options