MGT101 Assignment#01 Solution Spring 2011

[+ M.Tariq Malik]

MGT101 Assignment#01 Solution Spring 2011

See the below attached file please

 

[Asif Nisar]

thanks all to giving me solution

[+ M.Tariq Malik]

 

Question No. 1

Determine the missing amount on each of the following options with the help of Accounting Equation.

 

Answer:

 

Sr. No	Assets             =            Liabilities        +       Capital
1	Rs. 35,000       =            Rs. 12,000        +       Rs.  23,000
2	Rs. 40,000       =            Rs. 26,400        +       Rs. 13,600
3	Rs. 54,000       =            Rs. 9,000          +       Rs. 45,000
Total	Rs. 12,9000     =            Rs. 47,400        +       Rs. 81,600

 

Question No. 2

From the following transactions, identify the nature of expenditure whether Capital Expenditure or Revenue Expenditure by filling up the appropriate boxes given below.

 

Answer:

 

S. No	Transaction	Nature of expenditure
1	Merchandise purchase for cash	Revenue Expenditure
2	Paid rent of the building	Revenue Expenditure
3	Commission paid to the workers	Revenue Expenditure
4	Cost of acquiring the patent rights	Capital Expenditure
5	Installation cost of the machinery	Capital Expenditure

 

Question No. 3

a) Briefly describe the difference between Tangible and Intangible Assets.

b) Write down the type of Asset (Tangible / Intangible) in the appropriate boxes given below.

 

 

Answer:

a)          Tangible assets have physical form such as furniture, machinery and vehicles etc while intangible assets are not physical in nature, cannot be seen and touched such as copyrights, patent rights and good will etc.

b)

S. No.	Transactions	Type of Asset
1	Raw Material / Stores	Tangible
2	The Technology of information and database	Intangible
3	Abilities and innovations of the employers	Intangible
4	The money – Cash at Bank	Tangible

[+ M.Tariq Malik]

See the attached file one more idea solution of MGT101 Assignment#01 Spring 2011