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# MGT101 Assignment No 01 Solution & Discussion Due Date:17-11-2016

MGT101 Assignment No 01 Solution & Discussion Due Date:17-11-2016

Dear Students!

This is to inform you that a Graded Assignment will be opened on November 11, 2016 and due date of assignment submission will be November 17, 2016.

By graded, we mean that it will be included in your semester GPA.

A 24 hours extra/grace period after the due date is usually available to overcome uploading difficulties, which may be faced by the students on last date.  This extra time should only be used to meet the emergencies; and above mentioned due date should always be treated as final to avoid any inconvenience.

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Important:

• For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures and read additional material available online or in any other mode.

Dear students!

As you know that Pre Mid-Term semester, activities have started and load-shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes and GDBs.

Best Of Luck !

Views: 13469

### Replies to This Discussion

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

Kindly guide me

guide me as well how to solve

asset=capital +liablities
asset=4800000+700000
ii
asset =capital +lib
asset=4800000+700000+1400000
iii
total asset ?
vehical +machn+stock+cash in hand+ cash at bank
total lib
700000+1400000
capital
1500000+3000000+300000

Hi,
In your solved assignment you take 700000 as liability it clearly written that he owes 300,000 out of 1000,000 goods, so 300,000 is liability remaining 700,000 is goods price.

and second you write in you solved assignment asset = liabilities may be you want to write assets= capital + liabilities so correct it there,
if i'm wrong please guide me as well.

nai ,, thek kaha apne..
coz liability includes 300,000 which he owe
and assets = capital + liabilities

Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....

i
asset=capital +liablities
asset=4800000+700000
ii
asset =capital +lib
asset=4800000+700000+1400000
iii
total asset ?
vehical +machn+stock+cash in hand+ cash at bank
total lib
700000+1400000
capital
1500000+3000000+300000

is that correct solution???

How is 700000 a liability???

well i am not going to post all the solution, these are the journal entries of the solution,
Requirement No:1
A:
The journal entry is:
Vehicle 1,500,000
Office Premises 3,000,000
Inventory 1,000,000
Cash in Hand 200,000
Cash at bank 800,000
Creditor 300,000
Capital 62,000,000
B.
The journal entry is:
Vehicle 1,500,000
Office Premises 3,000,000
Inventory 1,000,000
Cash in Hand 200,000
Cash at bank 800,000
Mr. A 1,400,000
Creditor 300,000
Capital 48,000,000

i am agree with Sheikh Saab

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