Latest Activity In Study Groups

Join Your Study Groups

VU Past Papers, MCQs and More

FIN611 Assignment 01 Fall 2020 Solution / Discussion Due Date: 14-12-2020

Image may contain: text

Views: 438

Replies to This Discussion

Share the Assignment Questions & Discuss Here.... 

FIN611_Assignment_No_01_Solution_Fall_2020

Click on the below link to download the file

FIN611_Assignment_No_01_Solution_Fall_2020

FIN611 Assignment No 1 Solution fall 2020 |

FIN611 Assignment No.1 solution Fall 2020

Branch Account

Dr.                                                                                                                                                                   Cr.

Particulars

Rs.

Particulars

Rs.

Opening Furniture A/c

23,400

Stock Reserves

82,000 x 25/125

16,400

Opening Stock

82,000

Good Sent

125,600

Stock Reserves A/c

96,000 x 25/125

19,200

Bank A/c

(Cash remitted to Head Office)

750,000

Good Sent

628,000

Bank A/c

(Recovered bad debts)

10,000

Opening Account Receivable

31,700

 

 

Bank A/c

               Expenses

132,000

Closing Stock

96,000

 

 

Closing Furniture A/c

23,435

 

 

Closing Account Receivable

42,150

Profit & Loss A/c

147,285

 

 

 

10,63,585

 

10,63,585

 

Depreciation:

                        Old Furniture               = 23,400 x 10/100 x 12/12 = 2,340    

New Furniture             = 2,500 x 10/100 x 6/12 = 125

                                    = 2,340 + 125 = 2,465

 

 

Debtors Account

Dr.                                                                                                                                                                   Cr.

Particulars

Rs.

Particulars

Rs.

Opening Debtors

31,700

Cash received from debtors

361,650

Credit Sales

372,100

Closing Debtors

42,150

 

403,800

 

403,800

 

 

Petty Cash

Dr.                                                                                                                                                                   Cr.

Particulars

Rs.

Particulars

Rs.

Cash Sales

401,300

Cash remitted to do

750,000

Cash received from debtors

361,650

Furniture

2,500

 

 

Expenses Paid and Cash Paid

10,450

 

 

Balance c/d

0

 

762,950

 

762,950

 

FIN611_Assignment_No_01_Solution_Fall_2020

Click on the below link to download the file

FIN611_Assignment_No_01_Solution_Fall_2020

RSS

Looking For Something? Search Below

Latest Activity

iffi liked Zohaib Hassan's discussion ***اب دل بجھا بجھا ہے***
1 hour ago
Zohaib Hassan posted a discussion
1 hour ago
iffi liked SK(MS-SE)'s discussion Final Project (CS619) Guideline, Importance and Career
1 hour ago
iffi liked Mani Siddiqui's discussion Suno Larki Abi Tum Ishq Mat Karna
1 hour ago
Sid liked Mani Siddiqui's discussion Suno Larki Abi Tum Ishq Mat Karna
3 hours ago
Mani Siddiqui posted a discussion
3 hours ago
SAIM updated their profile
5 hours ago
Mani Siddiqui posted a status
"بس تعلق کا #____انتقال ہوگیا...!!! زندہ تھی #_محبت دونوں طرف...!!!"
6 hours ago

© 2021   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service