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MGT101 Assignment No.1, Fall 2014, Solution and Discussion- Due Date- Nov-26, 2014

Important announcement Assignment 1

FINANCIAL ACCOUNTING (MGT 101)

 Dear Students!

 This is to inform that Assignment no. 1 will be opened on November 19, 2014 and due date of assignment submission will be November 26, 2014.

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.

Assignment File will be added Later !

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Kia Koi mera assignment check kr skta
Kia Koi mera assignment check kr skta

SOLUTION ATTACHED. DOWNLOAD PLEASE

Attachments:

ASSIGNMENT # 1   :   MGT-101

(General Journal)

 

 

DATE

PARTICULARS

LF

DEBIT

CREDIT

Rs.

Rs.

01 Sep, 14

Cash

 

500,000

 

Bank

 

250,000

 

Capital

 

 

750,000

02 Sep, 14

Vehicles

 

250,000

 

Cash

 

 

250,000

05 Sep, 14

Bank

 

10,000

 

Cash

 

 

10,000

09 Sep, 14

Purchases

 

50,000

 

A/P (Hafeez & Company)

 

 

50,000

12 Sep, 14

Drawings

 

7,000

 

Cash

 

 

5,000

Goods

 

 

2,000

17 Sep, 14

Charity

 

200

 

Cash

 

 

200

25 Sep, 14

Cash

 

20,000

 

Sales

 

 

20,000

30 Sep, 14

Telephone Exp.

 

6,500

 

Salaries office Exp.

 

25,000

 

Cash

 

 

31,500

SOUTION ATTACHED ....

Attachments:

 

 COMPLETE SOLUTION

 

                             MGT101- Financial Accounting

                                      Semester Fall 2014

                                       Assignment No.1

Answer:

                     Mr. A's Journal

         

                                                                                    Dr.                Cr.

Date

Particulars

L.F.

Rs.

Rs.

 

01-Sep

Cash

 Bank

           Capital

 

 

500000

250000

 

 

 

750000

 

02-Sep

Vehicles

 

Cash

 

 

250000

 

 

250000

 

 

05-Sep

 

Bank

 

           Cash

 

 


       10000

 

 

 

 

10000

 

 

09-Sep

 

Purchased

 

A/P (Hafeez & co.)

 

 

50000

 

 

50000

 

12-Sep

Drawings

             Cash

              Goods

 

 

7000

 

 

5000

2000

 

17-Sep

Charity

   

         Cash

 

200

 

 

200

 

25-Sep

Cash

    

         Sales

 

20000

 

 

20000

 

30-Sep

Telephone exp.

Salaries office exp

 

         Cash

 

6500

25000

 

 

31500

 

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