Monday 28 November 2011

MGT 101

Prepared by:
Prince Ali
JOIN:
Falconsofvu.blogspot.com

MIDTERM EXAMINATION
2nd dec 2009
MGT101- Financial Accounting
Question No: 1 ( Marks: 1 ) - Please choose one
Depreciation arises because of:

► Fall in the market value of an asset
► Fall in the value of money
► Physical wear and tear
► All of the given options

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

Beginning inventory 10 units @ Rs. 10 per unit
First purchase 35 units @ Rs. 11 per unit
Second purchase 40 units @ Rs. 12 per unit
Third purchase 20 units @ Rs. 13 per unit
Eighty-five units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?
► Rs.260
► Rs.232
► Rs.284
► Rs.268
Question No: 3 ( Marks: 1 ) - Please choose one
Which of the following is NOT an example of Current Asset?
► Bank Overdraft
► Accounts Receivable
► Notes Receivable
► Prepaid Expenses
Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following statement is NOT TRUE about Current liabilities?

► These are due within one year
► These are short-term loans
► These are consist of all debts, payable after 12 months
► In working capital, these are deducted from current assets
Question No: 5 ( Marks: 1 ) - Please choose one

Which of the following essentials are shown in Bank Book?
(1) Date of transaction
(2) Narration of transaction
(3) Cheque number

► (1) & (2) only
► (2) & (3) only
► (1) & (3) only
► (1), (2) & (3)
Question No: 6 ( Marks: 1 ) - Please choose one
Income of the business includes:

► Cash sales only
► Credit sales only
► Credit purchases only
► Both cash sales and credit sales
Question No: 7 ( Marks: 1 ) - Please choose one
Particulars Rs.
Opening stock of raw material 100,000
Closing stock of raw material 80,000
Purchases of raw material during the period 200, 000
Cost of Material Consumed ?

► Rs. 205,000
► Rs. 215,000
► Rs. 220,000
► Rs. 225,000
Question No: 8 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, when the goods are purchased on cash?

► Stock account
► Cash account
► Supplier account
► Work in process account
Question No: 9 ( Marks: 1 ) - Please choose one
If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses are Rs.20,000 during the year. What would be the Net Profit?

► Rs.15,000
► Rs. 35,000
► Rs. 55,000
► Rs. 60,000
Question No: 10 ( Marks: 1 ) - Please choose one
Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Capital account
► Sundry creditors account
► Accounts payable account
► Cash account
Question No: 11 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, if business bought goods on credit from Mr. Ali?

► Purchases account
► Mr. Ali account
► Cash account
► Sales account
Question No: 12 ( Marks: 1 ) - Please choose one
A summarized record of transactions related to individuals or things is called a/an ___________.

► Account
► Voucher
► Journal
► Trial balance
Question No: 13 ( Marks: 1 ) - Please choose one
When a Liability is reduced or decreased, it is recorded on the:

► Right or debit side of the account
► Left or debit side of the account
► Left or credit side of the account
► Right or credit side of the account
Question No: 14 ( 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: 15 ( Marks: 1 ) - Please choose one
Double entry accounting system includes:

► Accrual accounting only
► Cash accounting only
► Both cash and accrual accounting
► None of the given options
Question No: 16 ( Marks: 1 ) - Please choose one
The allocation of the cost of a tangible plant asset to expense in the periods, in which services are received from the asset, is termed as:

► Appreciation
► Depreciation
► Fluctuation
► None of the given options
Question No: 17 ( Marks: 1 ) - Please choose one
Under the reducing balance method of depreciation:

► Amount of depreciation increases every year
► Amount of depreciation remains constant for every year
► Amount of depreciation decreases every year
► None of the given options
Question No: 18 ( Marks: 1 ) - Please choose one
Consider the following:
Beginning inventory 10 units @ Rs. 10 per unit
First purchase 35 units @ Rs. 11 per unit
Second purchase 40 units @ Rs. 12 per unit
Third purchase 20 units @ Rs. 13 per unit
Eighty units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?

► Rs.260
► Rs.232
► Rs.284
► Rs.320
Question No: 19 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for each year Rs. 5,000
Sale price after 5 years Rs.50,000
Book value of Asset after 5 years ?

► Rs.25, 000
► Rs. 75,000
► Rs. 15,000
► Rs. 1, 00,000
Question No: 20 ( Marks: 1 ) - Please choose one
In cost of goods sold statement the ‘total factory cost’ is equal to:

► Cost of material consumed + Labor cost
► Cost of material consumed + Conversion cost
► Cost of material consumed + Total factory cost
► Cost of material consumed + Factory overhead

www.princeofharipur@gmail.com

Question No: 21 ( Marks: 1 ) - Please choose one
Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Cash Account
► Furniture Account
► Motor Account
► All of the above
Question No: 22 ( Marks: 1 ) - Please choose one Which of the following account will be credited, if business sold goods for Rs.10,000 on credit?

► Cash account
► Sales account
► Accounts receivable account
► Purchases account

www.falconsofvu.blogspot.com
Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, if business purchased a vehicle on cash?

► Vehicle account
► Cash account
► Business account
► Bank account
Question No: 24 ( Marks: 1 ) - Please choose one
Which of the following essentials are shown in Bank Book?
(1) Date of transaction
(2) Narration of transaction
(3) Cheque number

► (1) & (2) only
► (2) & (3) only
► (1) & (3) only
► (1), (2) & (3)
Question No: 25 ( Marks: 1 ) - Please choose one
Commercial Accounting is based on:
► Single entry book keeping
► Double entry book keeping
► Both single and double entry book keeping
► Cash basis of book keeping
Question No: 26 ( Marks: 1 ) - Please choose one
Particulars Rs.
Opening written down value of machine Rs. 2,00,000
Cost of new machine purchased during the year Rs. 50,000
Depreciation during the year Rs. 25,000
Closing written down value (WDV) of machines ?

► Rs. 2, 25,000
► Rs. 2, 50,000
► Rs. 2, 75,000
► Rs. 75,000
Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following is an example of direct materials cost?

► Polish and finishing material for chair
► A piece of wood for the production of chair
► Production worker’s wages
► Depreciation expenses

Question No: 28 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, when the goods are purchased on cash?

► Stock account
► Cash account
► Supplier account
► Work in process account
Question No: 29 ( Marks: 1 ) - Please choose one
Following are the inventories of Manufacturing Concern EXCEPT:

► Raw material
► Work in process
► Finished goods
► Merchandise inventory
Question No: 30 ( Marks: 1 ) - Please choose one
Word “Credit” is derived from ______ language.

► Latin
► English
► French
► Chinese
Question No: 31 ( Marks: 1 ) - Please choose one
Consider the following inventory record:

Date Item Quantity Cost/UnitRs. TotalRs.
Jan. 2 Beginning inventory 10 10 100
Mar. 4 Purchase 35 11 385
May 8 Purchase 40 12 480
Nov. 3 Purchase 20 13 260
De31 Merchandise available 105 1,225

85 units were sold, Use the FIFO method of inventory costing and determine the cost of goods sold.

► Rs. 1,225
► Rs. 1,015
► Rs. 965
► Rs. 905
Question No: 32 ( Marks: 1 ) - Please choose one
The assets which have a limited useful life are termed as:

► Limited assets
► Depreciateable assets
► Unlimited assets
► None of the given options
The cost of moving plant and machinery to a new site will be treated as:

► Revenue expense
► Capital expense
► Administrative expense
► Operating expense
Question No: 33 ( Marks: 1 ) - Please choose one
A decrease in value of a fixed asset due to age, wear and tear is known as:
► Depreciation
► Accumulated Depreciation
► Appreciation
► Written Down Value
Question No: 34 ( Marks: 1 ) - Please choose one
What would be the value of 'cost of goods manufactured' if the total factory cost of the month is Rs. 6,000, opening work in process is Rs. 2,000 and the closing work in process is Rs. 2,500?

► Rs. 5,500
► Rs. 8,000
► Rs. 4,500
► Rs. 8,500
Question No: 35 ( Marks: 1 ) - Please choose one
The area of accounting concerned with reporting financial information to the interested parties is called:
► Cost Accounting
► Financial Accounting
► Management Accounting
► Tax Accounting
Question No: 36 ( Marks: 1 ) - Please choose one
Find out the missing value of an Accounting Equation with the help of given data:

Cash Rs. 22,500
Debtors Rs. 500
Total Assets Rs. 80, 385
Accounts payable Rs. 1,000
Total liabilities Rs. 20,000

► Rs. 60,385 owner’s equity
► Rs. 61,385 owner’s equity
► Rs. 99,885 owner’s equity
► Rs. 99,385 owner’s equity
Question No: 41 ( Marks: 10 )
Show the effect of the following transactions upon the Accounting Equation.

2007 June1, Mr. Salman started business with cash Rs. 1,00,000
5, Purchased furniture for cash Rs. 4,000
6, Purchased goods for cash Rs. 25,000
10, Paid transportation on goods purchased Rs.1,000
12, Sold goods for cash Rs. 15,000, costing 11,000
15, Purchased goods on credit basis for Rs. 15,000
19, Sold goods to Rashid on credit basis for Rs. 8,000, costing Rs. 6,500
25, Received cash from Rashid Rs. 4,000
28, Cash paid to creditor Rs. 9,000
30, Paid rent and salaries for the month Rs. 4,000

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
► Gross Loss

Question No: 13 ( Marks: 1 ) - Please choose one
Accrued expenses are the example of:
► Current liabilities
► Long term liabilities
► Deferred costs
► Capital expenses

Question No: 14 ( Marks: 1 ) - Please choose one
The favorable balance of Profit and Loss account should be:
► Added in liabilities
► Subtracted from current assets
► Subtracted from liabilities
► Added in capital

Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Capital account
► Sundry creditors account
► Accounts payable account
► Cash account

Question No: 16 ( Marks: 1 ) - Please choose one
Which of the following financial statement DO NOT show the financial health of a business at a specific date?

► Profit and loss account
► Balance sheet
► Statement of financial position
► All of the given options

Question No: 17 ( Marks: 1 ) - Please choose one
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

Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following particular is NOT included in the specimen of a payment voucher?

► Name of organization
► Cash payment amount
► Date of transaction
► Bank receipt

Question No: 19 ( Marks: 1 ) - Please choose one
The stock of manufacturing concern consists of:

► Work in Process Inventory
► Raw Materials Inventory
► Finished Goods Inventory
► All of the given options

Question No: 20 ( Marks: 1 ) - Please choose one
Following are the inventories of Manufacturing Concern EXCEPT:

► Raw material
► Work in process
► Finished goods
► Merchandise inventory

Question No: 21 ( Marks: 1 ) - Please choose one
The products that are ready for sale are known as:

► Raw material
► Work in process
► Finished goods
► Closing stock

Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following is an example of direct materials cost?

► Polish and finishing material for chair
► A piece of wood for the production of chair
► Production worker’s wages
► Depreciation expenses

Question No: 23 ( Marks: 1 ) - Please choose one
The total of all costs incurred to convert raw material into finished goods is known as:

► Prime cost
► Conversion cost
► Sunk cost
► Opportunity cost

Question No: 24 ( Marks: 1 ) - Please choose one
In balance sheet fixed assets are shown at:

► Cost price
► Market value
► Fair value
► Written down value (WDV)

Question No: 25 ( Marks: 1 ) - Please choose one
A decrease in value of a fixed asset due to age, wear and tear is known as:
► Depreciation
► Accumulated Depreciation
► Appreciation
► Written Down Value

Question No: 26 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for each year Rs. 15,000
Sale price after 5 years Rs.50,000
Written down value of asset at the end of 5th year Rs.25,000
Profit or loss on disposal of fixed assets ?

► Rs.25, 000 profit
► Rs. 75,000 loss
► Rs. 15,000 profit
► Rs. 1, 00,000 profit

Question No: 27 ( Marks: 1 ) - Please choose one
All the costs incurred on the incomplete assets up to the balance sheet date must be transferred to:

► Capital account
► Capital work in progress account
► Relevant asset account
► Owner's equity account

Question No: 28 ( Marks: 1 ) - Please choose one
Consider the following inventory record:

Date Item Quantity Cost/UnitRs. TotalRs.
Jan. 2 Beginning inventory 10 10 100
Mar. 4 Purchase 35 11 385
May 8 Purchase 40 12 480
Nov. 3 Purchase 20 13 260
De31 Merchandise available 105 1,225

80 units were sold, Use the FIFO method of inventory costing and determine the cost of goods sold.

► Rs. 1,225
► Rs. 1,015
► Rs. 965
► Rs. 905

Question No: 29 ( Marks: 1 ) - Please choose one
Consider the following inventory record:

Date Item Quantity Cost/Unit Total
2007Jan. 2 Opening inventory 100 Rs.18.00 Rs.1,800
Mar. 4 Purchase 400 19.00 7,600
May 8 Purchase 800 20.00 16,000
Nov. 3 Purchase 500 21.00 10,500
Four hundred units are unsold, Use the FIFO method of inventory costing and determine the value assigned to the 400 units on hand at the end of the period.

► Rs.7, 500
► Rs.7, 978
► Rs.8, 000
► Rs.8, 400

Question No: 30 ( Marks: 1 ) - Please choose one
Bank Reconciliation Statement is:

► A memorandum statement
► A ledger account
► A part of cash book
► A part of journal

Question No: 31 ( Marks: 1 ) - Please choose one
Which of the following asset is NOT depreciated?

► Factory Buildings
► Office Equipment
► Plant & Machinery
► Land

Question No: 32 ( Marks: 1 ) - Please choose one
The basic purpose of depreciation is to achieve the:
► Matching principle
► Dual aspect principle
► Separate entity concept
► Money measurement concept

Question No: 33 ( Marks: 1 ) - Please choose one
Find out the missing value of an Accounting Equation with the help of given data:

Cash Rs. 22,500
Debtors Rs. 500
Total Assets Rs. 80, 385
Accounts payable Rs. 1,000
Total liabilities Rs. 20,000

► Rs. 82,385 owner’s equity
► Rs. 61,385 owner’s equity
► Rs. 99,885 owner’s equity
► Rs. 99,385 owner’s equity

Question No: 34 ( Marks: 1 ) - Please choose one
Firms charge depreciation each year:

► To ensure there is enough money in the firm to replace the asset
► To spread the cost of the asset over its working life
► To reduce the profit and thus reduce the dividends they can pay to share holders
► Because the law states they must be reduced

Question No: 35 ( Marks: 1 ) - Please choose one
Consider the following data:

Particulars Rs.
Assets 8,20,000
Owner's equity 3,80,000
Liabilities ?

► Rs. 1, 98,000
► Rs. 49,000
► Rs. 55,000
► Rs. 4, 40,000

Question No: 36 ( Marks: 1 ) - Please choose one
Which one of the following is equal to the carrying cost of an asset?
► Original cost minus Accumulated depreciation
► Original cost plus Accumulated depreciation
► Original cost minus Residual value
► Written down value minus Accumulated depreciation

Question No: 37 ( Marks: 1 ) - Please choose one
An estimate of the income and expenses needed to carry out business plans for a fiscal year is known as:
► Budgeting
► Costing
► Management
► Auditing

Question No: 38 ( Marks: 1 ) - Please choose one
Unfavorable balance of the cash book means:

► Credit balance in cash book
► Credit balance in pass book
► Debit balance in cash book
► All of the given options

Question No: 39 ( Marks: 1 ) - Please choose one
Net Profit + Expenses= _________

► Liabilities
► Assets
► Capital
► Income

Question No: 40 ( Marks: 1 ) - Please choose one
What would be the value of conversion cost, if the cost of material consumed during the month is Rs. 5,000, labor cost incurred is Rs. 2,000 and the factory over head cost is Rs. 1,000?

► Rs. 3,000
► Rs. 8,000
► Rs. 7,000
► Rs. 5,000

Question No: 41 ( Marks: 10 )
The following are some of the causes of difference between the Cash Book and the Pass Book balances. If you start with the Cash Book (Dr.) balance in Bank Reconciliation Statement, will you add them or deduct?

Particulars Add/Less
1. Cheques issued but yet not paid by bank. less
2. Cheques deposited but not credited by bank. less
3. Amount directly deposited into bank by a customer but not recorded in the Cash Book. add
4. Dividend collected by bank but not entered in Cash Book. add
5. Insurance premium paid by bank but not recorded in Cash Book. less
6. Cheque deposited but no entry was made in Cash Book. add
7. Bank charges debited by bank but not credited in the Cash Book less
8. Interest on overdraft debited by bank but not recorded in Cash Book. less
9. Cheque issued but wrongly debited in Cash Book less
10. Interest credited by bank but not recorded in cash book add

Question No: 1 ( Marks: 1 ) - Please choose one
Particulars Rs.
Opening written down value of machine 3,00,000
Cost of machine purchased during the year 50,000
Depreciation during the year 9,000
closing written down value (WDV) of the Machine ?

► Rs. 3, 41,000
► Rs. 3, 50,000
► Rs. 3, 59,000
► Rs. 59,000

Question No: 2 ( Marks: 1 ) - Please choose one
Particulars Rs.
Opening written down value of machine Rs. 2,00,000
Cost of new machine purchased during the year Rs. 50,000
Depreciation during the year Rs. 25,000
Closing written down value (WDV) of machines ?

► Rs. 2, 25,000
► Rs. 2, 50,000
► Rs. 2, 75,000
► Rs. 75,000

Question No: 3 ( Marks: 1 ) - Please choose one
Consider the following data:

Particulars Rs.
Assets 1,98,000
Owner's equity 95,000
Liabilities ?

► Rs. 49,000
► Rs. 55,000
► Rs. 1, 25,000
► Rs. 1, 03,000

Question No: 4 ( Marks: 1 ) - Please choose one
Find out the missing value of an Accounting Equation with the help of given data:

Cash Rs. 22,500
Debtors Rs. 500
Total Assets Rs. 80, 385
Accounts payable Rs. 1,000
Total liabilities Rs. 20,000

► Rs. 60,385 owner’s equity
► Rs. 61,385 owner’s equity
► Rs. 99,885 owner’s equity
► Rs. 99,385 owner’s equity

Question No: 5 ( Marks: 1 ) - Please choose one
Find out the missing value of an Accounting Equation with the help of given data:

Furniture Rs. 90,000
Cash Rs.1, 00, 000
Debtors Rs.10, 000
Other Assets Rs. 1,000
Owner’s equity Rs. 90, 000

► Rs. 2, 01,000 liabilities
► Rs. 1, 11, 000 liabilities
► Rs. 2, 90, 000 liabilities
► Rs. 2, 91, 000 liabilities

Question No: 6 ( Marks: 1 ) - Please choose one
When the process of production is completed, all the costs must be charged to:

► Raw material account
► Work in process account
► Finished goods account
► Merchandise account

Question No: 7 ( Marks: 1 ) - Please choose one
Which of the following assets are shown at written down value in balance sheet?

► Current assets
► Liquid assets
► Floating assets
► Fixed assets

Question No: 8 ( Marks: 1 ) - Please choose one
Which of the following asset is NOT depreciated?

► Factory Buildings
► Office Equipment
► Plant & Machinery
► Land

Question No: 9 ( Marks: 1 ) - Please choose one
The main goal of Bank Reconciliation Statement is to determine:

► If the discrepancy is due to error rather than timing
► If the discrepancy is due to timing rather than error
► If the discrepancy is due to error rather than amount
► If the discrepancy is due to amount rather than timing

Question No: 10 ( Marks: 1 ) - Please choose one
Sale proceeds of goods are an example of:

► Revenue expense
► Capital expense
► Capital receipt
► Revenue receipt

Question No: 11 ( Marks: 1 ) - Please choose one
Which one of the following is NOT true about revenue expenditure?

► These are the running expenses of the business
► They improve the financial position of the business
► They reduce the profit of the concern
► They do not appear in the balance sheet

Question No: 12 ( Marks: 1 ) - Please choose one
Consider the following:
Beginning inventory 10 units @ Rs. 10 per unit
First purchase 35 units @ Rs. 11 per unit
Second purchase 40 units @ Rs. 12 per unit
Third purchase 20 units @ Rs. 13 per unit
Eighty units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?

► Rs.260
► Rs.232
► Rs.284
► Rs.320

Question No: 13 ( Marks: 1 ) - Please choose one
Consider the following inventory record:

Date Item Quantity Cost/UnitRs. TotalRs.
Jan. 2 Beginning inventory 10 10 100
Mar. 4 Purchase 35 11 385
May 8 Purchase 40 12 480
Nov. 3 Purchase 20 13 260
De31 Merchandise available 105 1,225

80 units were sold, Use the FIFO method of inventory costing and determine the cost of goods sold.

► Rs. 1,225
► Rs. 1,015
► Rs. 965
► Rs. 905

Question No: 14 ( Marks: 1 ) - Please choose one
If, Cost of machine = Rs.400, 000
Useful life = 5 years
Rate of depreciation= 40%
The book value of machine after one years using diminishing balance method is ?

► Rs.86, 400
► Rs. 1, 44,000
► Rs. 2, 40,000
► Rs. 51,840

Question No: 15 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for each year Rs. 5,000
Sale price after 5 years Rs.50,000
Book value of Asset after 5 years ?

► Rs.25, 000
► Rs. 75,000
► Rs. 15,000
► Rs. 1, 00,000

Question No: 16 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for each year Rs. 5,000
Sale price after 5 years Rs.50,000
Written down value of asset on 5th year Rs.75,000
profit or loss on disposal of fixed assets ?

► Rs.25, 000 loss
► Rs. 75,000 loss
► Rs. 15,000 profit
► Rs. 1, 00,000 profit

Question No: 17 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for the each year Rs. 5,000
Sale price after 5 years Rs.15,000
Written Down Value of Asset on 5th year Rs. 75,000
Profit or loss on disposal of fixed asset ?

► Rs. 60,000 loss
► Rs. 75,000 profit
► Rs. 25,000 loss
► Rs. 1, 00,000 profit

Question No: 18 ( Marks: 1 ) - Please choose one
The total of all costs incurred to convert raw material into finished goods is known as:

► Prime cost
► Conversion cost
► Sunk cost
► Opportunity cost

Question No: 19 ( Marks: 1 ) - Please choose one
WhicWhich of the following is an example of direct materials cost?

► Polish and finishing material for chair
► A piece of wood for the production of chair
► Production worker’s wages
► Depreciation expenses

Question No: 20 ( Marks: 1 ) - Please choose one
If the working capital and the current assets of company XYZ are Rs. 5,000 and Rs.15,000 respectively, calculate the current liabilities.

► Rs. 5,000
► Rs. 10,000
► Rs. 15,000
► Rs. 20,000

Question No: 21 ( Marks: 1 ) - Please choose one
Which of the following item appears in Trading Account of a business?

► Interest expenses
► Wages and salaries
► Depreciation expenses
► Discount Allowed

Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following is an alternate term which can be used for “Capital”?

► Liability
► Owner’s net worth
► Working capital
► Asset

Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following financial statement DO NOT show the financial health of a business at a specific date?

► Profit and loss account
► Balance sheet
► Statement of financial position
► All of the given options

Question No: 24 ( Marks: 1 ) - Please choose one
If cost of sales is Rs. 95,000, sales are Rs. 200,000 and operating expenses are Rs. 100,000. What will be the net result?

► Rs. 5,000 Loss
► Rs. 5, 000 Profit
► Rs.1, 95,000 Profit
► Rs.1, 95,000 Loss

Question No: 25 ( Marks: 1 ) - Please choose one
Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance)

► Cash account
► Furniture account
► Vehicle account
► All of the given options

Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Capital account
► Sundry creditors account
► Accounts payable account
► Cash account

Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following journal entry will be recorded, if the payment of furniture purchased is made through cheque?

► Furniture account (Dr) and Bank account (Cr)
► Furniture account (Dr) and Profit & Loss account (Cr)
► Furniture account (Dr) and Cash account (Cr)
► Cash account (Dr) and Furniture account (Cr)

Question No: 28 ( Marks: 1 ) - Please choose one
Which one of the following statement is CORRECT about Long term liabilities?

► These are due within one year
► These are consist of all debts, payable after 12 months
► In working capital, these are deducted from current assets
► All of the given options

Question No: 29 ( Marks: 1 ) - Please choose one
What type of expenses are paid out of Gross Profit?

► Selling Expenses
► General Expenses
► Financial Expenses
► All of the given options

Question No: 30 ( Marks: 1 ) - Please choose one
While making Income & Expenditure account, Excess of income over expenses in a specified accounting period is called:

► Deficit
► Surplus
► Profit
► Loss

Question No: 31 ( Marks: 1 ) - Please choose one
Which one of the following is NOT prepared by Non profit organizations?

► Profit & Loss account
► Income & Expenditure account
► Receipts & Payments account
► Balance Sheet

Question No: 32 ( Marks: 1 ) - Please choose one
Which of the following financial statement summarizes the profitability of an organization for a particular period?

► Trading and Profit & Loss account
► Cash Flow Statement
► Statement of Retained Earnings
► Balance Sheet

Question No: 33 ( Marks: 1 ) - Please choose one
Which of the following period is known as a fiscal Year of the Government of Pakistan?

► 1st January to 31st December
► 1st June to 31st May
► 1st July to 30th June
► 1st October to 30th September

Question No: 34 ( 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: 35 ( Marks: 1 ) - Please choose one
Obligations to pay cash or un-earned incomes by the business are the:

► Assets
► Liabilities
► Equities
► Expenses

Question No: 36 ( Marks: 1 ) - Please choose one
Commercial Accounting is based on:
► Single entry book keeping
► Double entry book keeping
► Both single and double entry book keeping
► Cash basis of book keeping

Question No: 37 ( Marks: 1 ) - Please choose one
Word “Credit” is derived from ______ language.

► Latin
► English
► French
► Chinese

Question No: 38 ( Marks: 1 ) - Please choose one
The basic accounting principle/concept according to which Business is independent from its owner(s) is known as:

► Separate Entity Concept
► Matching Concept
► Going Concern Concept
► Materiality Concept

Question No: 39 ( Marks: 1 ) - Please choose one
Double entry accounting system includes:

► Accrual accounting only
► Cash accounting only
► Both cash and accrual accounting
► None of the given options

Question No: 40 ( Marks: 1 ) - Please choose one
An accounting system is used by a business to:
► Analyze transactions
► Handle routine book-keeping tasks
► Structure information
► All of the given options

Question No: 41 ( Marks: 10 )
Record the following transactions in the General Journal.

Date: Transactions
Jan 1, 2007 Mr. Asghar started business with cash Rs. 1, 00,000.
Jan 2, 2007 Opened bank account with amount Rs. 50,000.
Jan 4, 2007 Purchased goods for cash Rs. 15,000.
Jan 9, 2007 Payment made to Karachi store (Creditor) Rs. 15,000 by cheque.
Jan14, 2007 Goods returned to Karachi store worth Rs. 1,500.
Jan22, 2007 Goods sold for cash Rs. 2,000.

DR
Bank account 50,000
Purchased goods for cash Rs. 15,000
Payment made to Karachi store (Creditor) Rs. 15,000 by cheque
Goods returned to Karachi store worth Rs. 1,500
Credit balance 20500

Cr
Mr. Asghar started business with cash Rs. 1, 00,000
Goods sold for cash Rs. 2,000.

Question No: 1 ( Marks: 1 ) - Please choose one
Particulars Rs.
Opening written down value of machine 1,00,000
Cost of new machine purchased during the year 50,000
Depreciation during the year 21,000
Closing written down value (WDV) ?

► Rs. 1, 29,000
► Rs. 1, 50,000
► Rs. 1, 21,000
► Rs. 71,000

Question No: 2 ( Marks: 1 ) - Please choose one
Find out the missing value of an Accounting Equation with the help of given data:

Owner’s equity Rs. 22,500
Total Liabilities Rs. 80, 385
Cash in hand Rs. 1,000
Cash at bank Rs. 2,000
Debtors Rs. 500

► Rs. 1, 02,885 other assets
► Rs. 1, 02,885 other liabilities
► Rs. 99,885 current liabilities
► Rs. 99,385 other assets

Question No: 3 ( Marks: 1 ) - Please choose one
Bank Reconciliation Statement is prepared by:

► Bankers
► Accountant of the business
► Statutory auditor
► Manger

Question No: 4 ( Marks: 1 ) - Please choose one
Bank Reconciliation Statement is:

► A memorandum statement
► A ledger account
► A part of cash book
► A part of journal

Question No: 5 ( Marks: 1 ) - Please choose one
Expenditures incurred anually on renewal of patent are known as:

► Revenue Expenditures
► Capital Expenditures
► Financial Expenditures
► Operating Expenditures

Question No: 6 ( Marks: 1 ) - Please choose one
Particulars Rs.
Opening stock of raw material 100,000
Closing stock of raw material 85,000
Purchases of raw material during the period 200, 000
Cost of Material Consumed ?

► Rs. 205,000
► Rs. 215,000
► Rs. 220,000
► Rs. 225,000

Question No: 7 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for the each year Rs. 5,000
Sale price after 5 years Rs.15,000
Written Down Value of Asset on 5th year Rs. 75,000
Profit or loss on disposal of fixed asset ?

► Rs. 60,000 loss
► Rs. 75,000 profit
► Rs. 25,000 loss
► Rs. 1, 00,000 profit

Question No: 8 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, when the goods are purchased on cash?

► Stock account
► Cash account
► Supplier account
► Work in process account

Question No: 9 ( Marks: 1 ) - Please choose one
If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses are Rs. 20,000 during the year, what would be the value of Gross Profit?

► Rs. 15,000
► Rs. 35,000
► Rs. 55,000
► Rs. 60,000

Question No: 10 ( Marks: 1 ) - Please choose one
If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses are Rs.20,000 during the year. What would be the Net Profit?

► Rs.15,000
► Rs. 35,000
► Rs. 55,000
► Rs. 60,000

Question No: 11 ( Marks: 1 ) - Please choose one
Which of the following account balance will be shown on debit side of Trial Balance? (It is assumed that all account balances are shown on normal balance).

► Capital account
► Sundry creditors account
► Accounts payable account
► Cash account

Question No: 12 ( Marks: 1 ) - Please choose one
The amount of salary paid to Mr. Sohail should be debited to:
► Mr. Sohail account
► Salaries account
► Cash account
► Drawings account

Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, if business bought goods on credit from Mr. Ali?

► Purchases account
► Mr. Ali account
► Cash account
► Sales account

Question No: 14 ( Marks: 1 ) - Please choose one
The unfavorable balance of Profit and Loss account should be:
► Added in liabilities
► Subtracted from current assets
► Subtracted from liabilities
► Subtracted from capital

Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following is NOT an example of Current Asset?
► Bank Overdraft
► Accounts Receivable
► Notes Receivable
► Prepaid Expenses

Question No: 16 ( Marks: 1 ) - Please choose one
Which one of the following is NOT prepared by Non profit organizations?

► Profit & Loss account
► Income & Expenditure account
► Receipts & Payments account
► Balance Sheet

Question No: 17 ( Marks: 1 ) - Please choose one
An informal accounting statement that lists the ledger account balances at a point in time and compares the total of debit balances with the total of credit balances is known as:

► Income Statement
► Balance Sheet
► Trial Balance
► Cash Book

Question No: 18 ( Marks: 1 ) - Please choose one
Documentary evidence, in a specific format used to record the details of a transaction is known as:

► Account
► Voucher
► Journal
► Ledger

Question No: 19 ( Marks: 1 ) - Please choose one
A summarized record of transactions related to individuals or things is called a/an ___________.

► Account
► Voucher
► Journal
► Trial balance

Question No: 20 ( Marks: 1 ) - Please choose one
When a Liability is reduced or decreased, it is recorded on the:

► Right or debit side of the account
► Left or debit side of the account
► Left or credit side of the account
► Right or credit side of the account

Question No: 21 ( Marks: 1 ) - Please choose one
What will be the effect on accounting equation, when payment is made to the creditor of the business?

► Decrease in an asset, decrease in a liability
► Increase in an asset, increase in a liability
► Decrease in an asset, decrease in owner's equity
► Increase in an asset, increase in owner's equity

Question No: 22 ( Marks: 1 ) - Please choose one
Commercial Accounting is based on:
► Single entry book keeping
► Double entry book keeping
► Both single and double entry book keeping
► Cash basis of book keeping

Question No: 23 ( 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: 24 ( Marks: 1 ) - Please choose one
Mr.” A” sold goods for Rs. 3, 00,000 to Mr. “B”, Rs. 3, 00,000 will be treated as _____________ for business.
► Revenue
► Net profit
► Gross profit
► Operating profit

Question No: 25 ( Marks: 1 ) - Please choose one
Double entry accounting system includes:

► Accrual accounting only
► Cash accounting only
► Both cash and accrual accounting
► None of the given options

Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following financial statement shows the financial health of an Organization at a stated period of time?
► Balance sheet
► Trading and Profit & Loss account
► Cash Flow statement
► Statement of retained earnings

Question No: 27 ( Marks: 1 ) - Please choose one
The records that are kept for the individual asset, liability, equity, revenue, expense, and dividend components are known as:
► Accounts
► Vouchers
► Journals
► Statements

Question No: 28 ( Marks: 1 ) - Please choose one
Revenue should be recognized or recorded when the goods are sold or services are rendered to the customer, this concept is known as:
► Consistency concept
► Realization Concept
► Materiality concept
► Matching concept

Question No: 29 ( Marks: 1 ) - Please choose one
A record maintained which is measurable in the form of money, this concept of accounting is known as:
► Matching concept
► Consistency concept
► Money measurement concept
► Materiality concept

Question No: 30 ( Marks: 1 ) - Please choose one
The cost of goods and services used up in the process of obtaining revenue is known as:
► Revenue
► Expense
► Liability
► Expenditure

Question No: 31 ( Marks: 1 ) - Please choose one
Which of the following is an accounting system in which events are recorded as and when they occur?
► Cash Accounting
► Accrual Accounting
► Both Accrual Accounting and Cash Accounting
► None of the above

Question No: 32 ( Marks: 1 ) - Please choose one
Recording of all financial transactions undertaken by an individual or organization is known as:
► Summarizing
► Book-keeping
► Classification
► Interpreting

Question No: 33 ( Marks: 1 ) - Please choose one
Any cheque drawn to creditor but not paid by bank will effect as follows:
► Cash book will show less balance & bank book will show more
► Cash book will show more balance & bank book will show less
► Cash book will show double balance
► Bank book will show double balance

Question No: 34 ( Marks: 1 ) - Please choose one
If no distribution is made between capital and revenue expenditure then:

► The figure of debtors and creditors will be incorrect

► Cash or bank figure will be incorrect

► Net profit will be incorrect

► Balance sheet will not balance

Question No: 35 ( Marks: 1 ) - Please choose one
The Policy for charging depreciation is selected by:
► Manufacturer
► Trader
► Management
► Accountant

Question No: 36 ( Marks: 1 ) - Please choose one
The estimated value at which an asset is expected to be sold after the end of its useful life is called:
► Residual value
► Salvage Value
► Scrap Value
► All of the given options

Question No: 37 ( Marks: 1 ) - Please choose one
Mr. “A” borrowed money from bank; this transaction involves which one of the following accounts:
► Cash & Mr. A
► Bank & Mr. A
► Drawing & Mr. A
► Cash & Bank

Question No: 38 ( Marks: 1 ) - Please choose one
The beginning balance of Owner’s Equity was Rs.7,500. The dividends paid to stockholders were Rs.1,500. The ending balance of Owner’s Equity is Rs.5,000. What was the Net Income or Net Loss for the accounting period?
► Net Loss of Rs. 1,000
► Net Income of Rs. 1,000
► Net Loss of Rs. 3,000
► Net Income of Rs. 3,000

Question No: 39 ( Marks: 1 ) - Please choose one
A company sold Rs. 400,000 of merchandise for cash and Rs.120,000 of merchandise to credit customers who will pay for the merchandise in a later time period. How much revenue should be reported on the income statement of the current time period under Cash Basis of Accounting?
► Rs. 280,000
► Rs. 520,000
► Rs. 400,000
► Rs. 120,000

Question No: 40 ( Marks: 1 ) - Please choose one
Which one of the following statement is wrong about Current liabilities?
► These are due within one year
► These are short-term loans
► A vague term for loans to be repaid by an enterprise after twelve months
► In working capital, these are deducted from assets

Question No: 41 ( Marks: 10 )
Calculate depreciation of the asset for five years by using written down value method. Also show accumulated depreciation.

Cost of the asset Rs. 1,20,000
Depreciation Rate 10%
Expected Life 5 years

ANSWER

YR Written down value method RS Accumulated depreciation
1 cost 120,000
Depreciation @ 10%... 10%*120,000 12,000 12,000
WDV… 120,000-12,000 108,000
2 Dep @ 10%...10%*108000 10,800 22800
WDV= 108,000-10,800 97,200
3 Dep @ 10%... 10%*97,200 9,720 32520
WDV= 97,200-9,720 87,480
4 Dep @ 10%...10%*87,480 8,748 41,268
WDV=87,480-8,748 78,732
5 Dep @ 10%...10%*78,732 7873.2 49,141.2
WDV=78,732-7873.2 70858.8

Question No: 1 ( Marks: 1 ) - Please choose one
Particulars Rs.
Opening stock of raw material 100,000
Closing stock of raw material 85,000
Purchases of raw material during the period 200, 000
Cost of Material Consumed ?

► Rs. 205,000
► Rs. 215,000
► Rs. 220,000
► Rs. 225,000

Question No: 2 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, when the goods are purchased on cash?

► Stock account
► Cash account
► Supplier account
► Work in process account

Question No: 3 ( Marks: 1 ) - Please choose one
If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses are Rs.20,000 during the year. What would be the Net Profit?

► Rs.15,000
► Rs. 35,000
► Rs. 55,000
► Rs. 60,000

Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, if business bought goods on credit from Mr. Ali?

► Purchases account
► Mr. Ali account
► Cash account
► Sales account

Question No: 5 ( Marks: 1 ) - Please choose one
The unfavorable balance of Profit and Loss account should be:
► Added in liabilities
► Subtracted from current assets
► Subtracted from liabilities
► Subtracted from capital

Question No: 6 ( Marks: 1 ) - Please choose one
Which of the following is NOT an example of Current Asset?
► Bank Overdraft
► Accounts Receivable
► Notes Receivable
► Prepaid Expenses

Question No: 7 ( Marks: 1 ) - Please choose one
An informal accounting statement that lists the ledger account balances at a point in time and compares the total of debit balances with the total of credit balances is known as:

► Income Statement
► Balance Sheet
► Trial Balance
► Cash Book

Question No: 8 ( Marks: 1 ) - Please choose one
A summarized record of transactions related to individuals or things is called a/an ___________.

► Account
► Voucher
► Journal
► Trial balance

Question No: 9 ( Marks: 1 ) - Please choose one
What will be the effect on accounting equation, when payment is made to the creditor of the business?

► Decrease in an asset, decrease in a liability
► Increase in an asset, increase in a liability
► Decrease in an asset, decrease in owner's equity
► Increase in an asset, increase in owner's equity

Question No: 10 ( Marks: 1 ) - Please choose one
Commercial Accounting is based on:
► Single entry book keeping
► Double entry book keeping
► Both single and double entry book keeping
► Cash basis of book keeping

Question No: 11 ( Marks: 1 ) - Please choose one
Double entry accounting system includes:

► Accrual accounting only
► Cash accounting only
► Both cash and accrual accounting
► None of the given options

Question No: 12 ( Marks: 1 ) - Please choose one
The records that are kept for the individual asset, liability, equity, revenue, expense, and dividend components are known as:
► Accounts
► Vouchers
► Journals
► Statements

Question No: 13 ( Marks: 1 ) - Please choose one
A record maintained which is measurable in the form of money, this concept of accounting is known as:
► Matching concept
► Consistency concept
► Money measurement concept
► Materiality concept

Question No: 14 ( Marks: 1 ) - Please choose one
The cost of goods and services used up in the process of obtaining revenue is known as:
► Revenue
► Expense
► Liability
► Expenditure

Question No: 15 ( Marks: 1 ) - Please choose one
Recording of all financial transactions undertaken by an individual or organization is known as:
► Summarizing
► Book-keeping
► Classification
► Interpreting

Question No: 16 ( Marks: 1 ) - Please choose one
Mr. “A” borrowed money from bank; this transaction involves which one of the following accounts:
► Cash & Mr. A
► Bank & Mr. A
► Drawing & Mr. A
► Cash & Bank

Question No: 17 ( Marks: 1 ) - Please choose one
A company sold Rs. 400,000 of merchandise for cash and Rs.120,000 of merchandise to credit customers who will pay for the merchandise in a later time period. How much revenue should be reported on the income statement of the current time period under Cash Basis of Accounting?
► Rs. 280,000
► Rs. 520,000
► Rs. 400,000
► Rs. 120,000

Question No: 18 ( Marks: 1 ) - Please choose one
If you start with cash book favorable balance in Bank Reconciliation Statement, which item will be added?
► Cheque deposited but not credited by the bank
► Cheques omitted to be deposited into bank
► Any amount directly collected by bank on behalf of customer but not recorded in cash book
► Debit side of cash book was overcast

Question No: 19 ( Marks: 1 ) - Please choose one
Consider the following:

Beginning inventory 10 units @ Rs. 10 per unit
First purchase 35 units @ Rs. 11 per unit
Second purchase 40 units @ Rs. 12 per unit
Third purchase 20 units @ Rs. 13 per unit
Eighty-five units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?
► Rs.260
► Rs.232
► Rs.284
► Rs.268

Question No: 20 ( Marks: 1 ) - Please choose one
Cost of asset Rs. 1,00,000
Life of asset 5 years
Depreciation for each year Rs. 15,000
Sale price after 5 years Rs.50,000
Written down value of asset at the end of 5th year Rs.25,000
Profit or loss on disposal of fixed assets ?

► Rs.25, 000 profit
► Rs. 75,000 loss
► Rs. 15,000 profit
► Rs. 1, 00,000 profit

Question No: 21 ( Marks: 1 ) - Please choose one
What would be the value of conversion cost, if the cost of material consumed during the month is Rs. 5,000, labor cost incurred is Rs. 2,000 and the factory over head cost is Rs. 1,000?

► Rs. 3,000
► Rs. 8,000
► Rs. 7,000
► Rs. 5,000

Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following statement is TRUE about the positive working capital of a company?

► It shows sound position of a company
► It shows that company has sufficient current assets to meet current liabilities
► It shows that current assets are greater than current liabilities
► All of the given options

Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following is NOT an example of Current Asset?
► Bank Overdraft
► Accounts Receivable
► Notes Receivable
► Prepaid Expenses

Question No: 24 ( Marks: 1 ) - Please choose one
When Capital is increased by an amount, it is recorded on the:

► Left or credit side of the account
► Right or debit side of the account
► Left or debit side of the account
► Right or credit side of the account

Question No: 25 ( Marks: 1 ) - Please choose one
Assets total Rs.50, 000 and Liabilities total Rs.10, 000. What is the equity of the business?

► Rs. 40, 000
► Rs. 60, 000
► Rs. 10,000
► Rs. 50,000

Question No: 26 ( Marks: 1 ) - Please choose one
Income of the business includes:

► Cash sales only
► Credit sales only
► Credit purchases only
► Both cash sales and credit sales

Question No: 27 ( Marks: 1 ) - Please choose one
Net Profit =? - Expenses

► Liabilities
► Assets
► Capital
► Income

Question No: 28 ( Marks: 1 ) - Please choose one
Which of the following account balance is shown on credit side of Trial Balance? (It is assumed that all account balances are shown on normal balance)

► Cash account
► Furniture account
► Vehicle account
► Capital account

Question No: 7 ( Marks: 1 ) - Please choose one
If you start with cash book balance (Dr.), which of the following item will be deducted in Bank Reconciliation Statement?

► Any cheque drawn to creditor but not paid by bank
► Interest credited by the bank in pass book
► Cheque deposited but not credited by the bank
► Dividend collected by bank on behalf of the customer

Question No: 9 ( Marks: 1 ) - Please choose one
Which one of the following is NOT true about Capital Expenditure?
► Creates future benefits
► Incurred to acquire fixed assets
► Incurred to increase the economic life of existing fixed assets
► Reduce the profit of the concern

Question No: 24 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, If Mr. “A” started business with cash
Rs. 2, 00,000?

► Capital account
► Cash account
► Mr. A’s account
► Business account

Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following is NOT an item of a Balance Sheet?

► Accounts Receivable
► Accounts Payable
► Sales Revenue
► Marketable Securities

Question No: 27 ( Marks: 1 ) - Please choose one
Accounts Receivable & Inventory are the examples of:

► Liquid assets
► Current assets
► Fixed assets
► Capital assets

Question No: 28 ( Marks: 1 ) - Please choose one
Which of the following is used to record financial transactions in chronological (day-to-day) order?

► Voucher
► General Journal
► General Ledger
► Trial balance

Question No: 29 ( Marks: 1 ) - Please choose one
The basic purpose of depreciation is to achieve the:
► Matching principle
► Dual aspect principle
► Separate entity concept
► Money measurement concept

Question No: 30 ( Marks: 1 ) - Please choose one
If a business pays rent in advance for 12 months, it will be treated as:

► Prepaid expenses of business
► Long term liability of business
► Fixed assets of business
► Current liability of business

Question No: 31 ( Marks: 1 ) - Please choose one
Cash book is a part of:

► Voucher
► General Journal
► General Ledger
► Trial Balance

Question No: 32 ( Marks: 1 ) - Please choose one
In cost of goods sold statement the ‘total factory cost’ is equal to:

► Cost of material consumed + Labor cost
► Cost of material consumed + Conversion cost
► Cost of material consumed + Total factory cost
► Cost of material consumed + Factory overhead

Question No: 33 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, if business sold goods for Rs.10,000 on credit?

► Cash account
► Sales account
► Accounts receivable account
► Purchases account

Question No: 34 ( Marks: 1 ) - Please choose one
Which of the following account will be credited, if business purchased a vehicle on cash?

► Vehicle account
► Cash account
► Business account
► Bank account

Question No: 35 ( Marks: 1 ) - Please choose one
Which of the following book(s) is(are) a part of General Ledger?

► Cash Book
► Purchase Return Book
► Purchase Book
► All of the given options

Question No: 36 ( Marks: 1 ) - Please choose one
A book, in which receipts and payments are recorded, is known as:

► Pass Book
► Cash Book
► Purchase Book
► Sales Book

Question No: 37 ( Marks: 1 ) - Please choose one
Commercial Accounting is based on:
► Single entry book keeping
► Double entry book keeping
► Both single and double entry book keeping
► Cash basis of book keeping

Question No: 38 ( Marks: 1 ) - Please choose one
When the process of production is completed, all the costs must be charged to:

► Raw material account
► Work in process account
► Finished goods account
► Merchandise account

Question No: 39 ( Marks: 1 ) - Please choose one
If the cost of sales is Rs. 60,000, sales are Rs. 95,000 and operating expenses are Rs.20,000 during the year. What would be the Net Profit?

► Rs.15,000
► Rs. 35,000
► Rs. 55,000
► Rs. 60,000

Question No: 40 ( Marks: 1 ) - Please choose one
“Electricity bill for the month is paid by Mr. Imran Rs. 325”. What is the journal entry to record this transaction?

► Cash a/c Rs. 325 (Dr.) , Utilities Expense a/c Rs. 325 (Cr.)
► Utilities Expense a/c Rs. 325 (Dr.), Cash a/c Rs. 325 (Cr.)
► Accounts Receivable a/c Rs. 325 (Dr.), Utilities Expense a/c Rs. 325 (Cr.)
► Utilities Expense a/c Rs. 325 (Dr.), Accounts Receivable a/c Rs. 325 (Cr.)

Question No: 41 ( Marks: 10 )
Calculate depreciation of the asset for five years by using written down value method. Also show accumulated depreciation.

Cost of the asset Rs. 1,20,000
Depreciation Rate 10%
Expected Life 5 years

MCM 301

Prince Taimoor
Come and JOIN:

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Question # 1 of 15 ( Start time: 09:54:43 AM ) Total Marks: 1
How many words is average speaker’s rate per minute?
Select correct option:

100 to 150
400 to 500
More than 500
Countless

Question # 2 of 15 ( Start time: 09:55:33 AM ) Total Marks: 1
_______________can also seriously impede the transmission of ideas.
Select correct option:

Tolerance
Broadsides
Prejudice
Acceptance

Question # 3 of 15 ( Start time: 09:56:05 AM ) Total Marks: 1
Which one of the following is an interpersonal need to exercise leadership and prove one's abilities?
Select correct option:

Inclusion
Control
Affection
Power

Which of the following process is the automatic psychological process of receiving aural stimuli?
Select correct option:

Listening
Hearing
Filtering
Speaking

In USA, maintaining eye contact while talking with elders show confidence, in Pakistan, it shows disrespect. What does this example depict?
Select correct option:

The interpretation of body language is universal.
The interpretation of body language is not universal.
The interpretation of body language is same worldwide.
The interpretation of body language is global.
In verbal communication one’s physical appearance affects the______________.
Mcm 301 quiz

Select correct option:

Message
Channel
Sender
Status

Which of the following is not the type of electronic periodical indexes?
Select correct option:

World Wide Web
CD-ROM
Online systems
Journals

Question # 8 of 15 ( Start time: 10:00:07 AM ) Total Marks: 1
Which of the following is(are) the example of public(s) that organizations communicate with, in external communication?
Select correct option:

Consumers
Stockholders
Government agencies
All of the given options

All of the following are the types of periodical except:
Select correct option:

Journals
Magazines
Newspapers
Note-cards

Which of the following is usually related to environmental factors that affect communication?
Select correct option:

Listener barrier
Sender barrier
Physical barrier
Resistance

How many levels communication can be divided in?
Select correct option:

Six
Five
Four
Three

Which of the following involves grasping what the speaker means by seeing the ideas and information from his/her point of view?
Select correct option:

Listening
Hearing
Filtering
Speaking

All of the following are the examples of touching, EXCEPT:
Select correct option:

Shake hand
A hug
A pat
Drawing the eyebrow down

What do the clothes we wear communicate?
Select correct option:

Affection
Status
Rejection
Boredom

Mediated communication occurs through:
Select correct option:

Letters, reports, forms and interoffice memoranda
Letters, newspapers and radio
Newspapers, books and TV
TV, radio and wall chalking

MCM301
Communications Skills
Solved by
QUIET GIRL

Question:
Intrapersonal communication processes depend upon communicators'
Options:
Frame of reference
Creativity
Self-talk
All of the above.

Question:
If a person is communicating with his friend on telephone then it will be:
Options:
Intrapersonal communication
Mass communication
Mass communication
None of the above
Question:
Which one of the following statement is correct about communication?
Options:
Communication can solve all problems.
Communication skills are not learnt.
Communication is dynamic, not static.
Communication is just an information transfer.

Question:
Which one of the following is not a part of electronic media?
Options:
Radio
Television
Film
Brochure

Question:
Downward communication flows from people at higher levels to those at lower levels in an organization. Primary function of downward communication is to provide:
Options:
Organizational policies and procedures
Feedback about employees’ performance
Organizational goals and objectives
All of the above.

Question:
Which one of the following is a mass medium of communication?
Options:
Television
Radio
Newspaper
All of the above

Question:
The five steps involved in a communication process appear in a specific order. Which one of the following is the right order?
Options:
IdeaàChannelàEncodingàDecodingàFeedback
Ideaà EncodingàChannelàDecodingàFeedback
ChannelàIdeaàEncodingàFeedbackàdecoding
IdeaàDecodingàChannelàEncodingàfeedback

Question:
Probing in a communication process is:
Options:
An attempt to gain additional information
Making judgments
An attempt to explain what the sender meant
None of the above

Question:
Self Talk is also called as:
Options:
Mediated communication
Interpersonal communication
Imagined communication
Person-Group communication

Question:
Creating and holding a mental image of the person with whom you are conversing by telephone will:
Options:
Give the impression the other person is important.
Help you keep the conversation focused on the other person.
Make your voice sound professional.
Minimize the potential for in-person interruptions.

Question:
The person who attaches meaning to a message is called:
Options:
Sender
Encoding
Transmitter
Receiver

Question:
The eye is capable of processing 500-million bits of information per second, however the brain can only compute about _____________ bits of information per second.
Options:
400
500
600
650

Question:
__________________ is an automatic psychological process of receiving aural stimuli. Options:
Listening
Hearing
Speaking
None of these

Question:
Some misconceptions about communication are
Options:
Communication solves all problems
Communication physically breaks down
The meaning we attach to a word will be the meaning everyone else attaches to
All of the given options

Question:
Specialized vocabulary is known as:
Options:
Equivocal terms
Jargon
Trigger words
Biased language

Question:
A thesis statement is a ____________________ in sentence form
Options:
Declarative statement
Direct statement
Indirect statement
Straight statement

Question:
________________ is a sentence that does not express the feeling, conditions, opinions and attitude.
Options:
Thesis statement.
Indirect statement
Direct statement
Straight statement

Question:
A __________________ is a strong statement designed to evoke a powerful emotional response.
Options:
Startling statement
Indirect statement.
Direct statement
Straight statement

Question:
All of the following are the tools for getting audience attention, except:
Options:
Startling statement
Stories
Rhetorical questions
Conclusion

Question:
Deductive and inductive are the types of _____________ order.
Options:
Spatial
Chronological
Topical
Logical

Question:
In which speech, speaker does not have time to analyze the audience
Options:
Manuscript
Memorized
Impromptu
Extemporaneous

Question:
If your objective is to train a new computer consultant, what will be your general goal or general purpose
Options:
To inform
To persuade
To teach
To entertain

Question:
Which of the following statement explains mediated communication?
Options:
Mediated communication occurs when two (or a few) people use loud speaker to
Mediated communication occurs when two (or a few) people use some
Mediated communication occurs when people try to communicate at mass level.
Mediated communication occurs when a group of people uses email to send a

Question:
When superiors provide directions to their subordinates regarding what to do, this is known as a type of ____________________ communication.
Options:
Upward
Horizontal
Downward
Lateral

Question:
After listening to Ayesha’s long speech, Beenish told her what she understood from her long talk. Which form of listening it is?
Options:
Empathic listening
Critical listening
Active listening
Preferential listening

Question:
When working to create and maintain a favorable relationship with a receiver, a sender should:
Options:
Do just what the receiver expects.
Impress the receiver by using technical terms.
Stress mutual interests and benefits.
Use positive wording.

Question:
If a manager asks his assistant to compile a report on the overall performance of the department, which forms of communication it, will be?
Options:
Upward communication
Intrapersonal communication
Downward communication
Lateral communication

Question:
Drafting stage starts after
Options:
Planning
Organizing
Both 1and 2
None

Question:
Which is NOT true for creating effective opening paragraph?
Options:
Keep the beginning paragraph fairly short.
Use a you-viewpoint in the opening
Make sure the beginning is appropriate for the reader
Don’t consider your reader

Question:
Ending paragraph provides you the opportunity to
Options:
Concentrate on the action you desire the reader to
Show courtesy towards the reader.
Both 1 and 2
None of above

Question:
Ending paragraph provides you the opportunity to
Options:
Concentrate on the action you desire the reader to
Show courtesy towards the reader.
Both 1 and 2
None of above

Question:
Audience information i.e. age, gender, education, occupation and socioeconomic status falls into the category:
Options:
Demographic factors
Psychographic factors
Geographic factors
All of the given options

Question:
Generally there are ____________ kinds of newspaper indexes
Options:
Three
Four
Five
None of the given options.

Q.What is the difference between informative speech and persuasive speech? Explain.
Q.What factors cause SENDER BARRIERS? How can they be eliminated or reduced?
Q.Why is it necessary to know the audience knowledge about the topic?
Q.Discuss the three kinds of persuasive speech.
Mcqs
Q.All of the following are the main points that are kept in mind while developing thesis, EXCEPT
Clear
Logical
Equal in value
ambiguity

Q.Which of the following could not be an appropriate beginning of speech?
Appropriate quotation
Asking a rhetorical question
An ordinary story
A startling statement
Q.All of the following are the appropriate responses to an objection, EXCEPT:
Agree
Re-approach
Arbitrate
Anticipation
Q.Having animated facial expressions, using expansive gestures, and stepping out from behind the lectern is commonly interpreted as?
open or confident
insecure or nervous
happy or pleased
dictorial or arogant
Q.Which of the following ways can be used to achieve vocal emphasis?
Going from loud to soft
Getting louder
using graphics
adopting a soft tone

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Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following is NOT used in oral speaking style?
► Mostly long sentences
► Personal pronouns freely
► Active voice
► Contractions often

Question No: 5 ( Marks: 1 ) - Please choose one
How can the credibility of a presenter be increased?
► Complimenting the audience
► Demonstrating your sincerity
► All of the given options
► Being well dressed and well groomed

Question No: 6 ( Marks: 1 ) - Please choose one
What does gripping the lectern, having clenched fists and constant clearing of the throat covey?
► Open or confident
► Dictatorial or arrogant
► Insecure or nervous
► Happy or pleased

Question No: 7 ( Marks: 1 ) - Please choose one
_____________ refers to the degree of highness or lowness of a sound.
► Pitch
► Speed
► Volume
► Rate

Question No: 11 ( Marks: 1 ) - Please choose one
Which of the following would be the least helpful source when conducting audience research?
► The website of the organization that has invited you to speak
► The website of the organization that has invited you to speak
► Interviews of former members of the organization to whom you are invited to speak
► News releases highlighting the organization to whom you will be speaking

Question No: 12 ( Marks: 1 ) - Please choose one
Determining the audience's attitude toward you as the speaker is an aspect of?
► Analyzing the audience
► Analyzing the speaker
► Analyzing the occasion
► Analyzing the audience and the speaker

Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following is not a demographic characteristic?
► Sex
► Age
► Cultural background
► Attitude

Question No: 14 ( Marks: 1 ) - Please choose one
Poor retention either on the part of the sender or on the part of the receiver can create problems or lead to ______________.
► Misunderstanding
► Stronger friendship
► Better understanding
► Generous approach

Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following is usually related to environmental factors that affect the communication?
► Listener barrier
► Sender barrier
► Physical barrier
► Resistance

Question No: 16 ( Marks: 1 ) - Please choose one
The sender analyzes the receiver's knowledge so that the he/she could:
► Compose the message at the proper level.
► Emphasize receiver benefits.
► Choose the approach to use in the message.
► Avoid making a negative impression.

Question No: 20 ( Marks: 1 ) - Please choose one
Which one of the following is not a right tip to become a better listener?
► Don’t provide feedback
► Keep an open mind
► Don’t jump to conclusions
► Don't let yourself be distracted by the environment

Question No: 21 ( Marks: 1 ) - Please choose one
The belief that your own ideas are more important or valuable than those of others is an example of which barrier to listening?
► Preoccupation
► Egocentrism
► Physical barriers
► Environmental barriers

Question No: 23 ( Marks: 1 ) - Please choose one
The degree to which you and others share common meanings for words will depend on:
► The extent to which you share common backgrounds and experiences
► The diversity of your backgrounds
► The extent to which you share common approaches
► None of the given options

Question No: 24 ( Marks: 1 ) - Please choose one
Which of the following statement about communication is correct?
► The meaning we associate with a word will be shared by those with whom we communicate.
► Effective communication skills make a significant contribution to organizational cost reduction.
► Meanings cannot be subjective.
► All of the given options

Question No: 26 ( Marks: 1 ) - Please choose one
Which one of the following statement defines environmental context of interpersonal communication?
►It concerns your reactions to the other person.
►It deals with the psycho-social "where" you are communicating.
►It is who you are and what you bring to interaction.
►It deals with the physical "where" you are communicating.

Question No: 29 ( Marks: 1 ) - Please choose one
Intrapersonal communication includes:
►What we think
►Way we think
►Way we communicate with ourselves
►All of the given options

Question No: 31 ( Marks: 3 )
Discuss.3 parts of speech

Question No: 32 ( Marks: 5 )
explain productive n deductive

Sunday 27 November 2011

CS 101 MCQ's

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CS 101

Charles Babbage was a/an

(a) Mathematician

(b) Computer Scientist

(c) Physician

(d) Analyst

First electronic computer was

(a) ABC

(b) UNVAC 1

(c) Harvard Mark 1

(d) IBM PC

The Last famous electro-mechanical computer was

(a) ENIAC

(b) EDVAC

(c) Harvard Mark 1

(d) Altair 8800

The memory size of the Altair 8800 was

(a) 128 bytes

(b) 256 bytes

(c) 128 Kilo bytes

(d) 256 Kilo bytes

This element of Flow Chart is called_____________.

(a) Process

(b) Process

(d) Connector

JavaScript is an example of _____________ language.

(a) Object-based

(b) Object-oriented

(d) Assembly

____________ interacts directly with the computer Hardware

(a) Compiler

(b) Operating system

(d) Assembler

In Spreadsheets, you can create a relationship between two cells by using _____.

(a) Numbers

(b) Text

(c) Formulas

(d) None of the given choices

In spreadsheets, cell address A12 means _______.

(a) Row A, Cloumn 12

(b) Row 12, Cloumn A

(d) Row A1, Cloumn 2

Q10

VisiCalc was the first popular _______application on PC’s.

(a) Spreadsheet

(b) Word processor

(d) Database

Q11

__________ is the example of Shrink-wrapped software

(a) PIA information system

(b) WinZip trial pack

(d) MS Word

Q12

The key feature of Scientific/Engineering/Graphics applications is ____________

(a) Intense calculations

(b) User-friendly

(d) Cost-effective

Q13

ERP is a type of __________________ .

(a) Entertainment software

(b) Productivity software

(d) Scientific software

Q14

When we use <INPUT type=“password”>, what will happen?

(a) Text will not be visible

(b) Text will be in normal format

(c) Text will be in **** format

(d) Text will be in #### format

Q15

Video Card has its own -----------------

(a) Memory

(b) Processor

(d) Neither memory nor Processor

Q16

Using only HTML we can create

(a) Dynamic web pages

(b) Static web pages

(d) None of these

Q17

The world first computer program was written to compute:

(a) Simple sequence

(b) Multiple sequence

(c) Bernoulli’s sequence

(d) Increasing sequence

Q18

Computers are good at

(a) Speed

(b) Storage

(d) All of the given choices

Q19

_____ is an application program that provides a way to look at and interact with all the information on the World Wide Web

(a) URL

(b) Browser

(d) Website

Q20

___ contains the name of the protocol required to access the resource, a domain name that identifies a specific computer on the internet and a pathname on the computer

(a) HTML

(b) HTTP

(d) WWW

Q21

_________ is the interface in computer that supports transmission of multiple bits at the same time.

(a) Serial Port

(b) Parallel Port

(d) None of the given choices

Q22

Forms can be submitted by using __________ different methods

(a) 2

(b) 3

(d) 5

Q23

Forms can be submitted through _______ & _______ methods

(a) INCLUDE, POST

(b) INCLUDE, GET

(c) GET, POST

(d) SEND, POST

Q24

__________ maintains index of names and location of the files.

(a) File manager

(b) File system

(d) Operating system

Q25

Now a days, users communicate with the computer using a consistent __________ provided by the Operating System.

(a) Command-line interface.

(b) Application Interface

(c) User Interface

(d) Protocol

Q26

If an algorithm is syntactically correct, but semantically incorrect then this situation is

(a) Very good situation

(b) Very dangerous situation

(d) Neutral situation

Q27

What is the problem with Brute Force Strategy approach?

Solution:-

Doesn’t scale well with the size of the problem

Q28

What is software design methodology?

Solution:-

The set of (often flexible) rules and guidelines a team of developers follow to construct reasonably complex SW systems

Q29

What is the name of HTML tag, that has Href attribute and What is the Purpose of Href?

Solution:-

<A HREF = “action” > label </A>

It is used to to create Links between pages, or we can used it as “mailto” function.

Q30

Write three characteristics of JavaScript.

Solution:-

(1) JavaScript has numerous operators, classified in many categories.

(2) Terminate all JavaScript statements with a semicolon. It is not always necessary, but highly recommended.

(3) JavaScript ignores any extra white spaces or line breaks that you put in the code

(4) Although JavaScript allows variable declaration, it does not require it - except in the case when

(5)

Q31

Give reasons why we need semantic web?

Solution:-

Whereas, today’s Web’s content is designed for humans to read; the Semantic Web’s content will be designed for computers to understand meaningfully. However, the

Semantic Web is not a replacement but an extension of the present Web, in which info is given well defined meaning

Q32

What are the two key features of UNDO command in MS-Excel ?

Solution:-

1. Allows you to recover from your mistakes

Allows you to experiment without risk

Cs101 midterm

Most frequently used computers are:

(a) Mainframe Computers

(b) Personal Computers

(c) Supper Computers

(d) Embedded Computers

Information on World Wide Web is _______________ unified.

(a) Physically

(b) Logically

(c) Really

(d) None of the given choices

A Modem is a kind of ___

(a) Input device

(b) Output device

(c) Storage device

(d) Input and Output device

There are ___________ ways to represent an algorithm.

(a) 1

(b) 2

(d) 4

Logical operation that is performed on single input variable is ---------------

(a) AND

(b) OR

(c) NOT

(d) NOR

JavaScript does not support_______________

(a) User interaction

(b) Graphics

(d) Both Graphics and Network operations

__________ is a program that executes instructions line by line written in a high-level language.

(a) Interpreter

(b) Compiler

(d) Executor

__________ is a particularly good language for processing numerical data, but it does not lend itself very well to large business programs

(a) BASIC

(b) PASCAL

(d) FORTRAN

The default bullet for the list in HTML is

(a) Circle shape

(b) Disc shape

(d) Triangle shape

Q10

Which of the following is an illegal identifier?

(a) _3yourName

(b) MyObject

(c) 5stars

Q11

A ____________ operating system allows many users to take advantage of the computer's resources, simultaneously

(a) Single user

(b) Multi- user

(d) Multi tasking

Q12

Which of the following is NOT an example of Multi-user Operating system

(a) Windows

(b) Linux

(c) DOS

(d) Solaris

Q13

Which of the following is/are the parts of Operating system components?

(a) GUI

(b) Device Manager

(d) All of these

Q14

What is/are the use/uses of Word processor?

(a) To write a letter

(b) To write Research paper or report

(d) All of the given

Q15

All the hardware components of the Computer system are installed on-------------.

(a) Microprocessor

(b) Motherboard

(d) Memory

Q16

A connection point through which different external devices are connected with computer is called -----------------------

(a) Port

(b) Slots

(d) Modem

Q17

Deep Blue was the name of

(a) Computer

(b) Human

(d) Game

Q18

Compared to vacuum tubes, Transistors offer:

(a) Much smaller size

(b) Better reliability

(d) All of the given choices

Q19

If a computer could pass the Turing test then it would be able to:

(a) think like human beings

(b) do the things faster

(d) store more information

Q20

We can change the background color in HTML, using ___ attribute of <body>

(a) Background

(b) bgcolor

(d) Backgroundcolor

Q21

Which of the following is NOT supported by PC's power supply

(a) -12 and +12 V DC

(b) -10 and +10 V DC

(d) All are supported

Q22

There is a battery on the motherboard to:

(a) Give power to the processor

(b) Save information when computer is off

(d) Give power to the motherboard

Q23

Structures, in which another list starts before the first list is finished, are called:

(a) Multiple Lists

(b) Nested Lists

(d) Un-ordered Lists

Q24

In addition to unordered lists, HTML supports ________ other types of list

(a) 2

(b) 3

(d) 5

Q25

When the user needs something to be done by the computer, he/she gives instructions in the form of _____ to computer ____

(a) Software, Hardware

(b) Hardware, Software

(c) System Software, Application Software

(d) Graph, Monitor

Q26

Application developers do not need to know much about the_________ while they are developing their applications

(a) Software

(b) Hardware

(d) Kernel

Q27

In Babbage's Analytical Engine, what was initially used to store information ?

Solution:-

A programmable, mechanical, digital machine

Could carryout any calculation

Could make decisions based upon the results of the previous calculation

Components: input; memory; processor; output

Q28

What is the basic use of supercomputers?

Solution:-

A supercomputer is a computer that performs at or near the currently highest operational rate for computers. A supercomputer is typically used for scientific and engineering applications that must handle very large databases or do a great amount of computation (or both). At any given time, there are usually a few well-publicized supercomputers that operate at the very latest and always incredible speeds.

Q29

What is the difference between ‘single-line text input field’ and ‘password input field’ ?

Solution:-

Single line text filed shows data in text form, but password field is shown data in **** shape

Q30

List down the names of any three parameters on which we analyze an algorithm.

Solution:-

Q31

Write differences between Shareware and trail ware software.

Solution:-

Shareware is software that is distributed without payment ahead of time as is common for proprietary software. Typically shareware software is obtained free of charge by downloading, thus allowing one to try out the program ahead of time.

Trail ware

It is similar to shareware but difference is that the SW is usable for a short period only.

When the period is expired, it is no more in use until the license is not purchased. The trial period may vary according to its developer. This period may range from a week to a few months.

Q32

Why do we need an Interactive Form in a webpage?

Solution:-

Because in interactive pages we can create, GUI-based programs, Also in this form there are check boxes, text boxes, buttons, and scrollable lists. All these above commands increases the page attractiveness.

Cs101 mid term

Cray-1 was first commercial _________ computer

(a)Super

(b)Mini

(c)Micro

(c)Personal

Browser is a __________________ used for browsing.

(a) Tool

(b) Component

(c) Device

(d) None of the given choices

The name of first browser was ______

(a) Internet Explorer

(b) Moziac

(c) Netscape

(d) Firefox

Which of the following hardware component of a computer can also be called as engine?

(a) Bus

(b) Storage

(c) Memory

(d) Processor

The impact of a digit in a number is determined by its ---------------

(a) Value

(b) Location

(d) None of above

This element of Flow Chart is called_____________.

(a) Process

(b) Off-page Connector

(d) Connector

The sequence of phases, a software goes through from the concept to decommissioning, is called

(a) Software composition

(b) Software life-cycle

(d) Software development steps

In JavaScript, a variable declaration is

(a) Optional

(b) Mandatory

(d) None of the given

____________ interacts directly with the computer Hardware

(a) Compiler

(b) Operating system

(d) Assembler

Q10

Which of the following is/are the parts of Operating system components?

(a) GUI

(b) Device Manager

(d) All of these

Q11

Tag used for the highest level Heading is ________________

(a) <h2></h2>

(b) <h2></h2>

(c) <h1></h1>

(d) . None of these

Q12

The programming language specifically designed by the US Department of Defense for developing military applications was named ___________.

(a) Smalltalk

(b) C

(d) Ada

Q13

------------ is volatile memory

(a) RAM

(b) ROM

(d) Hard Disk

Q14

The key strengths of computers are

(a) Speed

(b) Storage

(d) All of the given choices

Q15

_____ is an application program that provides a way to look at and interact with all the information on the World Wide Web

(a) URL

(b) Browser

(d) Website

Q16

______ is a client program that uses HTTP to make requests to Web servers throughout the internet on behalf of the user.

(a) Web Application

(b) Web Browser

(d) HTML

Q17

___ contains the name of the protocol required to access the resource, a domain name that identifies a specific computer on the internet and a pathname on the computer

(a) HTML

(b) HTTP

(d) WWW

Q18

To start an ordered list from 20 instead of 1, we will write

(a) <OL begin = “20">

(b) <OL initiate = “20">

(c) <OL start = “20">

(d) <OL from = “20">

Q19

_________ is the interface in computer that supports transmission of multiple bits at the same time.

(a) Serial Port

(b) Parallel Port

(d) None of the given choice

Q20.

Monitor is an example of:

(a) Input Device

(b) Processing Device

(c) Output Device

(d) Storage Device

Q21

Different parts or components of computer use as a communication path

(a) RAM

(b) Bus

(d) Processor

Q22

There is a battery on the motherboard to:

(a) Give power to the processor

(b) Save information when computer is off

(d) Give power to the motherboard

Q23

In which case Cache Memory is used

(a) To increase RAM speed

(b) To overcome BUS speed

(c) To overcome Speed rate between RAM and CPU

(d) To overcome CPU speed

Q24

Using COLSPAN, number of rows of the current cell should extend itself

(a) Upward

(b) Downward

(d) None of the given choices

Q25

Operating System talks to and manages devices through

(a) Loader

(b) File Manager

(d) Device Driver

Q26

Pseudo code is written in

(a) Complex grammar

(b) Plain English

(d) Pseudo language

Q27

What is Object in JavaScript ?

Solution:-

Everything that JavaScript manipulates, it treats as an object – e.g. a window or a button

An object has properties – e.g. a window has size, position, status,

Q28

Write one purpose of using spreadsheets?

Solution:-

Electronic replacement for ledgers, Used for automating engineering, scientific, but in majority of cases, business calculations, A spreadsheet - VisiCalc - was the first popular application on PC’s. It helped in popularizing PC’s by making the task of financial-forecasting much simpler, allowing individuals to do forecasts which previously were performed by a whole team of financial wizard

Q29

Write one purpose of using spreadsheets?

Solution:-

Q30

How a designer makes Structured Design?

Solution:-

Also called top-down design, The designer starts by first conceiving a skeleton high-level design of the system, and then starts defining features of that over-all design in an ever-increasing detail Making small changes in the functionality of the systems sometimes leads to major redesign exercise. Structured design emphasizes separating a program's data from its functionality

Q31

What is the difference between High-level and Low-level programming languages?

Solution:-

High language can be easily understood by human beings. But low level language is machine langue, but we can understand it. Because low level language is machine langue

Q32

What are the main responsibilities that Kernel plays in Operating system?

Solution:-

Responsible for all the essential operations like basic house keeping, task scheduling, etc Also contains low-level HW interfaces Size important, as it is memory-resident

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CS 101 MCQ's

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Cs101 midterm

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