[VU-IT-Section] MGT401 Paper December 3, 2011 shared by Sehrish Rao

Assalamu Alaykum Warahmatullahi WaBarakatuhu,

MGT401 Midterm Paper December 3, 2011 shared by Sehrish Rao

1  Briefly discuss (5)

              Historical cost

               Current cost

              Realizable value

 

2        Write down the component of financial statement with respect to the IASB FRAMEWORK..(3)

 

3     If balance janurary (1, 2008)        100 units,9 Rs per unit

 

Jan 1          received                      100 units,8 Rs per unit

 

Jan 3         issued                               100 units  

 

Then calculate the value of inventories of January 3,2008 using weighted average method.(5)

 

4   question yaad nhi :ppPp

 

Note : ALL mcq's were from past papers :D

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