MGT211 Financial Accounting and Analysis
Financial Accounting and Analysis: most repeated questions
Questions that have come up in more than one paper, matched by what they ask rather than exact wording. Most repeated first.
- 2×Asked in 2082, 2081A company provides you the following information related to inventories for the month of Chaitra. Chaitra 1: Beginning inventory 500 units @ Rs.10 each Chaitra 9: Purchased 1,000 units @ Rs.12 each Chaitra 14: Sold 1,200 units @ Rs.15 each Chaitra 18:…Answer coming10
See the wording in each paper
- A company provides you the following information related to inventories for the month of Chaitra. Chaitra 1: Beginning inventory 500 units @ Rs.10 each Chaitra 9: Purchased 1,000 units @ Rs.12 each…TU Board 2082
- ABC Company provides you the following information related to the inventories for 6 months. Jan 1: Beginning Inventory 600 units @ Rs 10 each. Feb 9: Purchased 1,100 units @ Rs.12 each March16: Sold…TU Board 2081
- 2×Asked in 2082, 2081(a) On Ashad 2081, Bank Statement disclosed a balance of Rs.16,000 and Cash Book showed the balance of Rs.14,800 i) Deposit in transit Rs. 1,900 ii) Outstanding cheques Rs. 1,000. iii) Notes receivable and interest collected by the bank Rs.4,000 and Rs. 200…Answer coming10
See the wording in each paper
- (a) On Ashad 2081, Bank Statement disclosed a balance of Rs.16,000 and Cash Book showed the balance of Rs.14,800 i) Deposit in transit Rs. 1,900 ii) Outstanding cheques Rs. 1,000. iii) Notes…TU Board 2082
- a. On Chaitra 2080, Bank Statement disclosed a balance of Rs.11,400 and Cash Book showed the balance of Rs.11,000 i) Deposit in transit Rs.2,000 ii) Cheque issued of Rs.6,000 but only Rs.2,000…TU Board 2081
- 2×Asked in 2082, 2081Define realization concept of accounting?Answer coming2
See the wording in each paper
- Define realization concept of accounting?TU Board 2082
- What is matching concept of accounting?TU Board 2081
- 2×Asked in 2082, 2081Following are the transaction of a company. I. Started business with cash Rs. 800,000 in exchange of 8,000 shares of Rs. 100 each. II. Deposited into bank Rs.300,000. III. Took a bank loan of Rs. 100,000 @ 10% interest. IV. Sold merchandise goods for…Answer coming15
See the wording in each paper
- Following are the transaction of a company. I. Started business with cash Rs. 800,000 in exchange of 8,000 shares of Rs. 100 each. II. Deposited into bank Rs.300,000. III. Took a bank loan of Rs.…TU Board 2082
- Following are the transaction of a company: a. Started business with cash Rs.1,000,000. b. Deposited into bank Rs.300,000 c. Paid rent in advance Rs.52,000 d. Sold merchandise goods for Rs.400,000…TU Board 2081
- 2×Asked in 2082, 2081Following information are provided: Started business with cash Rs. 300,000 and stock Rs. 100,000. Paid salary Rs. 195,000 including advance of Rs. 15,000. Required: Accounting equationAnswer coming2
See the wording in each paper
- Following information are provided: Started business with cash Rs. 300,000 and stock Rs. 100,000. Paid salary Rs. 195,000 including advance of Rs. 15,000. Required: Accounting equationTU Board 2082
- The following information are given: Started business with cash of Rs, 50,000 and goods of Rs. 150,000 Received commission Rs. 26,000 including advance commission of Rs. 2,000 Required: Accounting…TU Board 2081
- 2×Asked in 2082, 2081Following transactions are given: June 10: Purchased from R Furniture 6 Sofa Set @ Rs. 20,000 each 10 Chairs for Rs. 5,000 (Trade Discount @ 10%) June 25: Purchased from S Furniture: 10 Tables @ Rs. 5,000 each 10 Chairs @ Rs 4,000 each with trade discount @…Answer coming2
See the wording in each paper
- Following transactions are given: June 10: Purchased from R Furniture 6 Sofa Set @ Rs. 20,000 each 10 Chairs for Rs. 5,000 (Trade Discount @ 10%) June 25: Purchased from S Furniture: 10 Tables @ Rs.…TU Board 2082
- The following transactions of the Furniture House are given below: Feb7 Returned by SH Furniture and Company 10 Chairs @ Rs 2,000 each 3 Sofa sets @ Rs 10,000 each (Trade discount 10%) Feb16…TU Board 2081
- 2×Asked in 2082, 2081On 1st Baishak, A Grocery Shop borrowed Rs. 450,000 from a bank by signing a 3 months, 12% note payable. It paid the principal and interest at due date. Required: Journal entries for issue and retirement of note.Answer coming2
See the wording in each paper
- On 1st Baishak, A Grocery Shop borrowed Rs. 450,000 from a bank by signing a 3 months, 12% note payable. It paid the principal and interest at due date. Required: Journal entries for issue and…TU Board 2082
- On January 1, a Company borrowed Rs. 600,000 from bank by singing a 6 month, 12% notes payable. It paid the principal and interest at due date. Required: Journal entries for issue and retirement of…TU Board 2081
- 2×Asked in 2082, 2081Write down the meaning of contingent liabilities.Answer coming2
See the wording in each paper
- Write down the meaning of contingent liabilities.TU Board 2082
- Write down the meaning of contingent liabilities.TU Board 2081