GDB MGT101 - Financial Accounting Friday, November 27, 2020

[Waseem Aziz]

Total Marks	5
Starting Date	Monday, November 23, 2020
Closing Date	Friday, November 27, 2020
Status	Open
Question Title	GDB-01
Question Description	Topic to be tested: Rules of debit and credit Learning Objectives: To understand the application of rules of debit and credit in accounting GDB:   Transactions Particular account Nature Debit or Credit Applied Rule of Debit and credit Investment of cash for Rs. 30,000 is made in business by the owner. Capital a/c Credit Increase in equity Bought land of Rs. 300,000 on credit basis. Land a/c ? ? Paid salaries of Rs, 25,000 by cheque. Salaries a/c ? ? Goods returned to suppliers for Rs. 10,000. Purchases return a/c ? ? Sold goods of Rs. 40,000 to XYZ brothers on cash basis Sales a/c ? ?   Required: You are required to mention the nature of given accounts (either debit or credit) and the rules of debit and credit to be applied as per modern classification of accounts, for all accounts mentioned against each transaction. Red highlighted transaction is given as a sample for understanding to attempt the other missing particulars of given transactions. Note: Partial correct treatment in any case has NO marks so be careful while providing the answers. Moreover, be concise and avoid unnecessary details to attempt the given questions.

[+ M.Tariq Malik]

Discuss here about this GDB . Thanks 

[+ M.Tariq Malik]

MGT101 GDB Solution File Fall 2020 (27-11-2020)

Right Click on the below link, then click on “Save link as” to download the file.

MGT101_GDB_Solution_Fall_2020

[+ M.Tariq Malik]

MGT101 GDB Idea Solution Fall 2020 - 27-11-2020

[+ M.Tariq Malik]

MGT101-FINANCIAL ACCOUNTING GDB SOLUTION 2020

[Muhammad Bilal]

I think the solution given by Tariq sir is correct

[+ M.Tariq Malik]

MGT101-FINANCIAL ACCOUNTING - GDB- Solution 2020

[+ M.Tariq Malik]

MGT 101 GDB 1 Solution | Financial Accounting 

[+ M.Tariq Malik]

MGT101 GDB 1 Solution 2020 || MGT101 GDB~1 Solution Fall 2020 || 

MGT101 GDB - 1 Solution fall 2020 ll VU MGT101 GDB 1 Solution fall 2020 MGT101 GDB - 1 Solution fall 2020 MGT101 GDB 1 Solution 2020

[+ M.Tariq Malik]

SOLUTION GDB No. 1 (MGT101 – Financial Accounting) Fall 2020

[+ M.Tariq Malik]

MGT101-GDB-No.1-2020-Solution

Below link 

MGT101-GDB-No.1-2020-Solution

[+ M.Tariq Malik]

 +Shakeel Ahmad Welcome :-) 

[+Shakeel Ahmad]

tariq Bhai, i am back to the forum.

Hope i will be able to contribute a lot this time

Stay blessed.