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# MGT101 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 13-11-2019

MGT101 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 13-11-2019

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Sorry last time aik figure equity me mj sai ghlat hogye thi, now its all set...! correct solution

Thank you ...........

wesy many abhi tk assignmnt dekhi bh nhi .........:p

rent of building  bhi selling expense main nahi Add ho ga?? ARSAL?

rent of building is administrative expense...! not selling expense

jo sale py earning ho rahi hai wo b tu cost of goods sold mai add ho gi kiya? That is our gross profit i think so.

g wahe likha hy me nay b

k amount earned on sales, total profit me add hoga

otyyy ............:p

btw kuxh khaas smjhy nhi atiiii

Shukryaaa TM sir !!

Mgt 101 Assignmnt solution
Assignment No.1
Mgt101
Q1.
Intangible Asset =Copy’s rights + good will
Intangible Asset =250000+150000
Intangible Asset =400,000
Q2.
Assets = Liabilities + Owner’s equity
Owner’s equity =Assets - liabilities
Owner’s Equity = 2240000-1030000
Owners equity = 1210000
Q3
Total Income /Revenue = amount earned on sales of goods + amount earned by rendering
services
Total Income /Revenue = 121000+840000
Total Income /Revenue= 961000
Q4.
Selling Expense = advertisement expense + carriage /transport paid on sales of good
Selling expense = 65000+160000
Selling expense =225000
Q5.
Cost of goods sold =purchase +carriage /transportation paid on purchase
Cost of goods sold = 550000+50000
Cost of goods sold =600000
Note: if you found any mistake then correct ur self

# MGT101 Assignment 1 Solution Fall 2019 | Virtual University

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