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Dear Students! Please ask for Solutions in relevant Study sections and in proper format for example you need CS101 Assignment 1 solution, simply go CS101 Assignments section click on "Add Topic" Title will be "CS101 Assignment 1 Solution Fall 2019" and then copy Questions from assignment file and paste in topic.

[Solved] MGT101 Assignment 1 Solution Fall 2019  

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admin
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November 7, 2019 12:51 am  

MGT101 Financial Accounting Assignment 1 Solution Fall 2019


SEMESTER FALL 2019 FINANCIAL ACCOUNTING (MGT101)

ASSIGNMENT # 01

DUE DATE: 13th November 2019           Marks: 10

 

 

TOPIC TO BE TESTED:

  • Basic understanding required for the preparation of financial

 

LEARNING OBJECTIVES:

  • To understand the heads/terminologies used in the preparation of financial statements.
 
   

Following information is extracted from the books of ABC Business on 30th June 2019.

 

Particulars

Rs.

Particulars

Rs.

Advertising expenses

65,000

Amount earned on sale of goods

121,000

Carriage/Transportation paid on

sale of goods

160,000

Amount earned by rendering

services

840,000

Purchases

550,000

Total Liabilities

10,30,000

Carriage/Transportation paid on

purchases

50,000

Copy rights

250,000

Rent of office building

278,222

Goodwill

150,000

Taxes paid

20,364

Furniture and Fixtures

170,000

Mark up on loan

15,228

Plant & Machinery

750,000

Salaries paid to employees

16,369

Land and Building

770,000

Bank charges

29,367

Cash in hand

150,000

Other financial charges

17,268

Total Assets

2,240,000

Note: There is no opening and closing stock of inventory

 

Required:

Based on the above information of ABC Business, you are required to calculate the amount of:

  1. Intangible Assets
  2. Equity
  3. Total Income/Revenue
  4. Selling Expenses
  5. Cost of goods sold

 

IMPORTANT:

Grace period of extra 24 hours after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

IMPORTANT INSTRUCTIONS

  • Take help from internet for collecting the
  • Carefully watch relevant lectures and consult the relevant material from handouts along with recommended
  • Attempt the assignment by yourself and it will be entertained positively.

OTHER IMPORTANT INSTRUCTIONS: DEADLINE:

  • Make sure to upload the solution file before the due date on
  • Any submission made via email after the due date will not be accepted.

FORMATTING GUIDELINES:

  • Use the font style “Times New Roman” or “Arial” and font size “12”.
  • It is advised to compose your document in MS-Word
  • You may also compose your assignment in Open Office
  • Use black and blue font colors

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admin
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Posts: 1037
November 7, 2019 11:47 am  

MGT101 Financial Accounting Assignment 1 Solution Fall 2019


 

 

Download attachment for Solution file.

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shaaftariq
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Joined: 6 days ago
Posts: 1
November 8, 2019 11:08 am  

Is the method is true?


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admin
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Joined: 1 year ago
Posts: 1037
November 8, 2019 6:23 pm  

@shaaftariq

Please start discussion here, Share your idea and get from other students to cleare any confusion.

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admin
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November 13, 2019 10:15 pm  

MGT101 Financial Accounting Assignment 1 Solution Fall 2019


 

Another solution !

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