MGT101 Assignment 1 Solution Spring 2018
#1
 
FINANCIAL ACCOUNTING (MGT101)
 
ASSIGNMENT # 01
 
DUE DATE: 16th May 2018                                                                                     
 
 
TOPIC TO BE TESTED:
 
·      Basic understanding to be required for the preparation of financial statements.
 
LEARNING OBJECTIVES:
 
·      To understand the elements used in the preparation of financial statements.
 
 
QUESTION
 
Following information is extracted from the books of ABC Traders on 31st December 2017.
 
Particulars
Rs.
 
Particulars
 
Rs.
 
 
 
 
 
Cost of goods sold
55,000
Gross profit
 
40,000
 
 
 
 
 
Plant & Machinery
750,000
Land & Building
 
840,000
 
 
 
 
 
Furniture and Fixtures
170,000
Cash at bank
 
45,000
 
 
 
 
 
 
Income  earned  expected  to  be
 
Office
expenses
incurred
 
received within 3 months
10,000
expected  to  be  paid  within  3
15,000
 
 
months
 
 
 
 
 
 
 
 
Opening stock
24,000
Closing stock
 
20,000
 
 
 
 
Sundry creditors
25,000
Capital at the start of the period
500,000
 
 
 
 
Profit earned during the period
46,000
Salaries of marketing staff
150,000
 
 
 
 
 
Rent of office building
60,000
Advertising expenses
 
65,000
 
 
 
 
 
Wages paid to workers
33,000
Mark up on loan
 
14,000
 
 
 
 
 
 
 
Required:
 
Based on the above information of ABC Traders, you are required to calculate the amount of:
 
1.    Sales Revenue
 
2.    Fixed Assets
 
3.    Current Assets
 
4.    Current Liabilities
 
5.    Selling expenses
 
6.    Capital to be shown in balance sheet as on 31st December 2017


Attached Files
.pdf   Spring 2018_MGT101_1.pdf (Size: 107.18 KB / Downloads: 4)
#2
AOA .
NEED HELP IN SOLVING ASSIGNMENT .CAN ANY BODY HELP.AS TODAY IS LAST DATE OF SUBMITTING.
THE FILE IS ATTACHED .
THANKS
.pdf   Spring 2018_MGT101_1.pdf (Size: 107.18 KB / Downloads: 4)
.pdf   Spring 2018_MGT101_1.pdf (Size: 107.18 KB / Downloads: 4)
#3
Kindly try to post assignment help questions as early as possible so we have some time to solve.
But still, Today is the Extend date, I'll try to share the solution today so you can upload in time.
(05-16-2018, 08:44 PM)Malak Imran Jamal Wrote: AOA .
NEED HELP IN SOLVING ASSIGNMENT .CAN ANY BODY HELP.AS TODAY IS LAST DATE OF SUBMITTING.
THE FILE IS ATTACHED .
THANKS
#4
Here you go: Download the attached file for MGT101 Assignment 1 solution. 
Please recheck all the calculations before submitting. 
Good luck!


Attached Files
.docx   Mgt101 assignment Solution.docx (Size: 17.71 KB / Downloads: 6)
#5
Thanks for updating
  


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