MGT101 Assignment No. 01
Page 1 of 1 • Share
MGT101 Assignment No. 01
Question No. 1
Determine the missing amount on each of the following options with the help of Accounting Equation.
Sr. No. Assets = Liabilities + Capital
1. Rs. 35,000 = Rs. 12,000 + Rs. 33,000
2. Rs. 40,000 = Rs. 27,000 + Rs. 13,600
3. Rs. 54, 000 = Rs. 9,000 + Rs. 45,000
Total Rs. 129000 = Rs. 138,000 + Rs. 91600
Question No. 2
From the following transactions, identify the nature of expenditure whether Capital Expenditure or Revenue
Expenditure by filling up the appropriate boxes given below.
S. No..... Transactions ...........Nature of expenditure
1......... Merchandise purchase for cash is........ Revenue Expenditure
2 Paid rent of the building is........................... Capital Expenditure
3 Commission paid to the workers is .............Revenue Expenditure
4 Cost of acquiring the patent rights is .............Revenue Expenditure
5 Installation cost of the machinery is............ Capital Expenditure
Question No. 3
a) Briefly describe the difference between Tangible and Intangible Assets.
b) Write down the type of Asset (Tangible / Intangible) in
the appropriate boxes given below.
S. No. Transactions Type of Asset
1 Raw Material / Stores is Tangible Asset
2The Technology of information and database is Intangible Asset
3 Abilities and innovations of the employers is Intangible Asset
4 The money – Cash at Bank is Tangible Asset
Determine the missing amount on each of the following options with the help of Accounting Equation.
Sr. No. Assets = Liabilities + Capital
1. Rs. 35,000 = Rs. 12,000 + Rs. 33,000
2. Rs. 40,000 = Rs. 27,000 + Rs. 13,600
3. Rs. 54, 000 = Rs. 9,000 + Rs. 45,000
Total Rs. 129000 = Rs. 138,000 + Rs. 91600
Question No. 2
From the following transactions, identify the nature of expenditure whether Capital Expenditure or Revenue
Expenditure by filling up the appropriate boxes given below.
S. No..... Transactions ...........Nature of expenditure
1......... Merchandise purchase for cash is........ Revenue Expenditure
2 Paid rent of the building is........................... Capital Expenditure
3 Commission paid to the workers is .............Revenue Expenditure
4 Cost of acquiring the patent rights is .............Revenue Expenditure
5 Installation cost of the machinery is............ Capital Expenditure
Question No. 3
a) Briefly describe the difference between Tangible and Intangible Assets.
b) Write down the type of Asset (Tangible / Intangible) in
the appropriate boxes given below.
S. No. Transactions Type of Asset
1 Raw Material / Stores is Tangible Asset
2The Technology of information and database is Intangible Asset
3 Abilities and innovations of the employers is Intangible Asset
4 The money – Cash at Bank is Tangible Asset
Nilofer Bugti- Monstars
- Posts : 585
Join date : 2011-04-11
Re: MGT101 Assignment No. 01
MGT101 Assignment No. 01 Solution:
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this image.]
Nilofer Bugti- Monstars
- Posts : 585
Join date : 2011-04-11
Re: MGT101 Assignment No. 01
[You must be registered and logged in to see this image.]
Asad- Deep Bench
- Posts : 563
Join date : 2011-02-11
Re: MGT101 Assignment No. 01
Question No. 2
From the following transactions, identify the nature of expenditure whether Capital Expenditure or Revenue Expenditure by filling up the appropriate boxes given below.
ANSWER:
1. Revenue Expenditure
2. Revenue Expenditure
3. Revenue Expenditure
4. Capital Expenditure
5. Capital Expenditure
Question No. 3
a) Briefly describe the difference between Tangible and Intangible Assets.
Answer:
Tangible Assets having a physical existence, such as cash, equipment, and real estate; accounts receivable are also usually considered tangible assets for accounting purposes.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset.
b) Write down the type of Asset (Tangible / Intangible) in the appropriate boxes given below.
Answer:
1. Tangible
2. Tangible
3. Intangible
4. Intangible
From the following transactions, identify the nature of expenditure whether Capital Expenditure or Revenue Expenditure by filling up the appropriate boxes given below.
ANSWER:
1. Revenue Expenditure
2. Revenue Expenditure
3. Revenue Expenditure
4. Capital Expenditure
5. Capital Expenditure
Question No. 3
a) Briefly describe the difference between Tangible and Intangible Assets.
Answer:
Tangible Assets having a physical existence, such as cash, equipment, and real estate; accounts receivable are also usually considered tangible assets for accounting purposes.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured, which are created through time and/or effort and that are identifiable as a separate asset.
b) Write down the type of Asset (Tangible / Intangible) in the appropriate boxes given below.
Answer:
1. Tangible
2. Tangible
3. Intangible
4. Intangible
Asad- Deep Bench
- Posts : 563
Join date : 2011-02-11
Re: MGT101 Assignment No. 01
[You must be registered and logged in to see this image.]
Nilofer Bugti- Monstars
- Posts : 585
Join date : 2011-04-11
Re: MGT101 Assignment No. 01
GOOD WORK YRR [You must be registered and logged in to see this image.]
kamran- Monstars
-
Posts : 301
Join date : 2011-02-11
Age : 36
Similar topics
» MGT101 Assignment 1 Solution
» MGT101 Assignment Solution Fall2010
» MGT101 - Financial Accounting Assignment # 2 Solution and Discussion Spring 2013
» MGT101 GDB No. 1
» MGT101 Quiz No.04
» MGT101 Assignment Solution Fall2010
» MGT101 - Financial Accounting Assignment # 2 Solution and Discussion Spring 2013
» MGT101 GDB No. 1
» MGT101 Quiz No.04
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sat May 04, 2024 11:49 am by ali001
» house disrepair claims
Thu May 02, 2024 4:29 pm by Ibad Khan Buledi
» Bounce n Bang: Physics puzzler
Thu May 02, 2024 11:39 am by ali001
» AIChatSY - AIChatbot Assistant
Wed May 01, 2024 10:48 am by ali001
» Storybook Magic App
Tue Apr 30, 2024 7:06 pm by ali001
» Flower Book Match3 Puzzle Game
Tue Apr 30, 2024 12:17 pm by ali001
» Avian Influenza Symptom in Chickens "Bird Flu H5N1 Virus" Vet learning materials, Poultry Farming
Sat Apr 27, 2024 9:57 am by Ibad Khan Buledi
» Aloha Planner - Note-Taker
Thu Apr 11, 2024 4:52 pm by ali001
» Streaming Guide Film TV Series
Tue Apr 09, 2024 9:39 pm by ali001