VU Online Quiz Courses Wise Preparation

MGT-101 Final Term Exams Preparation Virtual University

Sr. #	Questions	Answers Choice
1	Which of the following is not depreciated?	factory building office equipment Plant Land
2	Bank reconciliation statement is :	a memorandum statement a ledger account a part of cash book a part of journal
3	All the cost incurred on the incomplete assets up to the balance sheet date must be transferred to:	Capital account Capital work in progress Relevant asset account
4	A decrease in value of a fixed asset due to age ,wear and tear is known as	depreciation accumulated depreciation WDV
5	In a balance sheet fixed asset is shown at	cost price market value fair value written down value
6	The total of all cost incurred to convert raw material into finished goods is known as :	Prime cost Conversion cost Sunk cost
7	The product that are ready for sale are known as	raw material work in process finished in goods closing stock
8	The stock of manufacturing concern consists of	work in process inventory raw material inventory finished goods inventory all of the given option
9	Which of the following is NOT include in the specimen of a payment voucher?	Name of organization cash payment amount date of transaction Bank receipt
10	In which of the following condition a company will have positive working capital?	if current assets> current liabilities if current assets < current liabilities if current assets = current liabilities if current assets <= current liabilities