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My 24 Dec Mid Term Paper Total MCQs 22 Some mcq's were from past papers rest of them were new and knowledge based. Subjective questions: ·          What do you know about Voucher and Ledger? 3 marks ·          2 questions of Journal Entries. 3 and 5 marks ·          Find Depreciation of given data with Straight line method. 5 marks ·          What do you know about Straight line method and Diminishing balance method? 5 marks That's what I remember. Wish you all the best folks!

1 Q was to prepare trial balance 5 accounts were given Assets              Liabilities                    Expenses                      Capital                         Income required was to prepare trial bance by putting suposed values 2nd Q: depreciation find krni thi 5y life time cost was 23000 annual dep was 3000

Today Paper Total Questions: 27 Total MCQs of 1 Mark: 22 Total Short Subjective Question of 3 Marks:3 Total Long Subjective Question of 5 Marks:2 1. Calculate Depreciation on 30000 for first two years. Salvage Value for 1st yr is 5000 and second year it increased to 7000.(5 Marks) 2. Prepare balance of Machinery account on following data:- (5 marks) Opening Balance on 1 jan 2010 - 1,20000 Purchase of new machinery in yr 2010- 60,000 Destruction of machinery due to fire - 12000 What is balance on Dec 2010 3. Difference b/w payables and recievables (3 Marks) 4. Calculate depreciation by reducing balance method with cost pf 120000. Depreciation rate 10% and no. of yrs 5? (3 Marks)