MGT101 GDB No. 1

by Diya Tue Apr 19, 2011 8:10 pm

“Financial Accounting (MGT101)”
[font=Times New Roman]This is to inform that Graded Discussion Board (GDB)
will be opened according to the following schedule
Schedule
Opening Date and Time
April 20 , 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time
April 24 , 2011 At 11:59 P.M. (Mid-Night)
Topic/Area for Discussion
“Transactions Affecting Accounting Equation”

Note: The discussion question will be from the area/topic mentioned above. So start learning about the topic now.
Guidelines for Preparation:

For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures, which can be downloaded for free from[You must be registered and logged in to see this link.], and also use other reference books.
Important Instructions:
The GDB will remain open for 120 hours
[color=black]The GDB will open and close at above specified date and time. Please note that no grace day and extra time will be given for posting comments on GDB.
[color=black]You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.
[color=black]You cannot participate in the discussion after the due date.
[color=black]For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDB in the overview tab of the course website on VU-LMS.
[color=black]Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of the GDB is over.

by Nilofer Bugti Thu Apr 21, 2011 5:08 pm

GDB MGT 101

Cash+ Debtors + Stock + Building + Furniture + Other Fixed Assets = Creditors + Owner’s Equity Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. 5,000 7,500 15,500 75,000 3,500 18,500 50,000 75,000
On the same day, he borrowed Rs. 30,000 from his wife and brought that money into the business. You are required to show the effect of this transaction upon the above equation by following the format.”
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Solution:
Rs 30,000 Cash borrowed so cash and creditors will be increased by 30,000 and the accounting equation becomes.
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Cash+ Debtors + Stock + Building + Furniture + Other Fixed Assets = Creditors + Owner’s Equity Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. 5,000 7,500 15,500 75,000 3,500 18,500 50,000 75,000
+ +
30000 30000
Cash+ Debtors + Stock + Building + Furniture + Other Fixed Assets = Creditors + Owner’s Equity Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. 35,000 7,500 15,500 75,000 3,500 18,500 85,000 75,000
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by munaza Fri Apr 22, 2011 12:19 pm

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MGT101 GDB No. 1

MGT101 GDB No. 1

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Re: MGT101 GDB No. 1