Mgt101 Assignment 1 Solution Spring 2012 Beginners

Revenue means amount of total sales    = 600,000+100,000 = 700,000

total sales
cash sales    600,000 
credit sales  100,000700,000

less  purchases (merchandise (250,000)
Gross profit                           450,000
less :  operating expenses 

    rental charges                    (70,000)

  other expenses                   (140,000)

Net profit                              240,000

cash in hand

opening                  500000
add ;

      loan               300,000
  sales                  600000
less ;

rent                    (70000)

other exp            (140000)

 purchase             (250000)
 repayment of loan(130000)
closing balance      810000

liabilities 

loan  taken       300000

less repaid loan (130000)

liability             170,000

Capital

capital introduced        1400,000

profit of the year         240,000

1640,000


prove
assets  = liabilities +capital 

900000+ 810,000  + 100,000  =  170,000 + 1640,000

1810,000 = 1810,000


Recommended : MGT101 Short Notes for Mid term from Lec 1 to 22


You Can Also Download MGT101 Mid Term Papers, MGT101 Short Notes, MGT101 Assignment Solutions, MGT101 Lecture Wise Questions Answers Files, MGT101 Solved MCQs, MGT101 Solved Quiz , MGT101 Mid Term Subjective Papers , MGT101 Mid Term Objective Papers from Virtual Study Solutions For Preparation of Mid Term Papers.

MGT101 Assignment Question

MGT101 Assignment No 1 Spring 2017 Solution and Discussion

Tasks You have to do

On the following pages, you would find an incomplete journal, a ledger and
the corresponding trial balance based on transactions given on the previous
page. 
You are required to:
  1. Pass the missing journal entries in General Journal of April 18, 2017 and April 26, 2017
  2. Prepare the complete Cash account
  3. Prepare the complete Trial balance

MGT101 Assignment No 1 Solution Spring 2017 

MGT101 Assignment No 1 Solution Spring 2017

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