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MGT101 Assignment#01 Solution Spring 2011

See the below attached file please

 

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thanks all to giving me solution

 

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

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