Virtual Position Forum
Please register to watch content in detail
Thanks
Admin virtual position


Join the forum, it's quick and easy

Virtual Position Forum
Please register to watch content in detail
Thanks
Admin virtual position
Virtual Position Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

MGT101 Assignment 1 Solution

View previous topic View next topic Go down

GMT + 3 Hours MGT101 Assignment 1 Solution

Post by laila Mon Apr 16, 2012 6:34 pm

Student ID

Student Name

Assignment

bc100400636

Sajid Munawar

Financial Accounting

ABC Company
Income statement
For the Year Ended 30th June, 2011

Sales:
Less: Cost of Goods Sold:

Gross Profit:

Admin and selling Expanse:
Advertisement Expanse:
Salaries:
Interest Expense:
Selling Expanse:

Net Profit:

Rs.

Rs.
210,000
(136,875)
-----------------
73,125

(12,000)
(36,000)
(5,300)
(8,730)

(62,030)
-----------------
11,095
-----------------

ABC Company
Balance Sheet
As on Year 30th June, 2011

Amount (Rs.)

Particulars

Owner’s Equity

Capital :

Add: Profit:

Total Owner’s Equity

Liabilities

Creditors:

Outstanding Salaries: 3,000

Account payable:

Total Liabilities

Total Liabilities & Equity

Particulars

Amount (Rs.)

348,000

11,095

359,095

Fixed Assets:

Plant And Machinery

Land and Building

Furniture and Fixtures

Current Assets:

Cash

Account Receivable

Prepaid Insurance

72,000

246,000

7,800

200,000

11,400

45,000

192,495

10,200

214,400

573,495

Total Assets

573,495

Working

Cost of Goods Sold:
Purchases:
Less: Purchases Return:
Material available to use:
Add: carriage inward
Cost of goods sold:

120000
(6600)
113400
23475
136875
laila
laila
Monstars
Monstars

Taurus Monkey
Posts : 422
Join date : 2011-11-09
Age : 31
Location : Pak
Angelic

Character sheet
Experience:
MGT101 - MGT101 Assignment 1 Solution Left_bar_bleue50/500MGT101 - MGT101 Assignment 1 Solution Empty_bar_bleue  (50/500)

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum