Skip to content

Mgt101 Midterm Papers 2013 Corvette


MIDTERM  EXAMINATION

Fall 2009

MGT101- Financial Accounting (Session - 3)

Ref No: 1048092

Time: 60 min

Marks: 50

Student Info

 StudentID:

 

 Center:

 

 ExamDate:

  12/19/2009 12:00:00 AM

For Teacher's Use Only

    Q No.

1

2

3

4

5

6

7

8

Total

Marks

Q No.

9

10

11

12

13

14

15

16

Marks

Q No.

17

18

19

20

21

22

23

24

Marks

Q No.

25

26

27

28

29

30

31

32

Marks

Q No.

33

34

35

36

37

38

39

40

Marks

Q No.

41

Marks


    

Question No: 1    ( Marks: 1 )    - Please choose one

 We can say that the business is in profit, when:

       ► Assets exceed Expenditure

       ► Assets exceed Liabilities

       ► Income exceeds Expenditure

       ► Income exceeds Liabilities

   

Question No: 2    ( Marks: 1 )    - Please choose one

 Cost incurred for the maintenance of shop is considered as _________.

       ► Deferred expense

       ► Capital expense

       ► Revenue expense

       ► Preliminary expense

   

Question No: 3    ( Marks: 1 )    - Please choose one

 If a business purchases machinery for Rs. 30,000 on 31st January 2008 having life of 10 years, this expense will be realized ___________ under the concept of accrual accounting.

       ► For the year 2008 only

       ► For the last day of 10th year only

       ► Over 10 years

       ► Nothing can be said about it

   

Question No: 4    ( Marks: 1 )    - Please choose one

 Word “Credit” is derived from ______ language.

       ► Latin

       ► English

       ► French

       ► Chinese

   

Question No: 5    ( Marks: 1 )    - Please choose one

 According to the double entry system of accounting, an account that obtains benefit is:

       ► Debit

       ► Credit

       ► Income

       ► No need to show as accounting record

   

Question No: 6    ( Marks: 1 )    - Please choose one

 An Asset that is NOT physical in nature is called _________.

       ► Intangible Asset

       ► Liquid Asset

       ► Current Asset

       ► Fixed Asset

   

Question No: 7    ( Marks: 1 )    - Please choose one

 What would be the affect on the components of the accounting equation, if goods are purchased on cash? 

       ► Increase in cash and decrease in equity

       ► Increase in cash and increase in goods

       ► Increase in goods and decrease in cash

       ► Increase in equipment and increase in equity

   

Question No: 8    ( Marks: 1 )    - Please choose one

 Which of the following is CORRECT about the flow of recording a transaction?

       ► Occurrence of event – voucher—Journal—Ledger—Trial Balance—profit and loss account—Balance Sheet 

       ► Occurrence of event—Journal – voucher —Ledger—Trial Balance—profit and loss account—Balance Sheet

       ► Occurrence of event—Ledger – voucher—Journal—Trial Balance—profit and loss account—Balance Sheet 

       ► Occurrence of event—Trial Balance – voucher—Journal—Ledger—profit and loss account—Balance Sheet 

   

Question No: 9    ( Marks: 1 )    - Please choose one

 In an account, if credit side < debit side then the balance is known as:

       ► Negative Balance

       ► Debit Balance

       ► Positive Balance

       ► Credit Balance

   

Question No: 10    ( Marks: 1 )    - Please choose one

 Bank book is part of:

       ► Voucher

       ► General Journal

       ► General Ledger

       ► Trial Balance

   

Question No: 11    ( Marks: 1 )    - Please choose one

 While making Income & Expenditure account, Excess of income over expenses in a specified accounting period is called:

       ► Profit

       ► Loss

       ► Surplus

       ► Deficit

   

Question No: 12    ( Marks: 1 )    - Please choose one

 Gross Profit > Operating Expenses=?

       ► Net Profit

       ► Cost of Goods Sold

       ► Net Loss

Do you need help with with essay, research paper, homework or even dissertation?

Visit our website - https://goo.gl/HKbmHS (assignmenthelp24.com)

=================>>>CLICK HERE<<<=================

=================>>>CLICK HERE<<<=================

=================>>>CLICK HERE<<<=================

=================>>>GET ASSIGNMENT HELP<<<=================

=================>>>GET ASSIGNMENT HELP<<<=================

=================>>>GET ASSIGNMENT HELP<<<=================

palatino font poster assignment

uttara kannada case study information gathering

futurestrader71 homework clipart

assignment operator c++ reference variable

save our planet essay

essay my family 300 words article

free essay on hate crimes

algebra 1 assignment evaluate each expression for the given

spm 2005 english essay directed writing

legolas and aragorn argumentative essay

environmental essay contest 2014

non argumentative essay outline

n'essaye meme pas sundress paroles d'amour

pro assignments

win this house essay contest

2.2.9 practice spoken assignment of lease

bitter fruit achmat dangor analysis essay

new york university personal statement I Need Help Writing My Personal Statement prompt

my family essay conclusion transitions

da form 4187 reassignment example cover

teen pregnancy essay starter

emily dickinson I Need Help Writing My Personal Statement heard a fly buzz when i died essays

santander 123 account abroad assignment

essay my life college

mature student personal statement law school

great I Need Help Writing My Personal Statement transition words for narrative essays about food

essay about maria montessori books

st peter's basilica essay

illustration and exemplification essay topics

emperor constantine a good leader essay

teaching practice experience essay example

ocr I Need Help Writing My Personal Statement coursework deadlines 2013 dodge

sdms homework blog

research paper on gun control outline paper

allele definition example essays

national history day thesis statement 2012 honda

essayer de ne pas rire 4 hugo posay the impossible quiz

avatar critical analysis essay

epistemic justification essays in the theory of knowledge pdf

annoying personalities essay

tragic hero essay oedipus rex complex

personal statement for scholarships outline depot

essay fast food in hindi

research background of the problem in a dissertation

cold regions bibliography

essay on my fight against corruption in china

what is critical thinking a-level

who shot first at lexington and concord essay typer

gmat essays 6

college admission essay examples influential person meaning

starting an argumentative essay

maynaguri college ignou assignment

ilm level 2 award in team leading assignments meaning

literary analysis essay on the yellow wallpaper

good chemistry essay topics

case study competition rules for long jump

role essayist

kalamidad sa pilipinas essay contest

good english essays free

mgt101 midterm papers 2013

absolution patrick flannery essays on friendship

howard chaykin bibliography

canadian history isu topics for persuasive essays

website to post essays

abortion for and against essay

level 3 personal trainer I Need Help Writing My Personal Statement case study examples

essay on india after 20 years from now snopes

essay writing service no plagiarism sign

samajik parivartan essay contest

visual argument essay thesis

search and seizure term papers

starting with quote in essay model

why should the drinking age be lowered essay

personal statement museum job

an essay concerning human understanding apa citation

doing your homework

patriots pen essay contest examples of letters

causes of child obesity essay examples

ivory trade research paper

edgar allan poe essays tell tale heart

creation ex nihilo philosophy essay help

online learning pros and cons essay sample

christine pountney bibliography mla

ap bio 2003 essay writer

holocause essay

formal social control essay

essay on formation and growth of uno

events in your life essay

as frankenstein essay questions

coeducation vs single education essay sample

the street hawker essay format

free essays in english on current topics in accounting

how to structure a critical essay

dar essaydali recrutement

case study methodology yin 2003

city manager plan progressive era essay

renting vs owning essay outline

homework debate sample essay

sample cover letter for limited work experience

essay about society problems essay

mcat sample brainstorming essay

pmr english essay format

medium term sources of finance essays for scholarships

cover letters for fashion internships abroad

nyu stern essay 2 example

national 4 maths homework vectors

sample essay topics for toefl

essay on the house of lords today

essay topics for life of pi book

sample praxis essay questions

homework help quotes quotations

assignment of lease nyc yellow

how to write a cover letter that stands out

panama canal history essay example

master s essay layout example

prose passage essay tips

nbc page program cover letter

tybalt and mercutio essay definition

mafia history essay

descriptive essay about a school

essay on bar bench relationship india

freedom from fear aung san suu kyi essays

khan academy essay writing

nature is god's gift essays

august 16 2006 I Need Help Writing My Personal Statement global regents thematic essay

fashion internships cover letter

essay on little women

1 paragraph descriptive essay rubric

pay to write essay starting at $100

essayer une coupe de cheveux gratuitous

secme essay 2014 corvette

freehold covenants essay writer

best macbeth quotes for essays

poets essayists novelists penn

james baldwin notes of a native son essay analysis short

coleridge the rime of the ancient mariner analysis essay

healthy eating habits speech essay outline

four essays on liberty summary of to kill

math 334 assignment

geely automotive case study

fort wayne museum of art admission essay

pedro lira fundacion de santiago analysis essay

dissertation arnolphe personnage comique et tragiquement

coursework calculator

acc 1 solved assignment 2014 super

tutor homework chemistry help electronegativity table pauling

my teacher essay nursery

compare contrast essay sample introduction paragraph

rutgers essay topics

second grade math homework sheets