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MGT101 Financial Accounting Assignment No 01 Spring 2019 Solution & Discussion Due Date: 22-05-2019

MGT101 Financial Accounting Assignment No 01 Spring 2019 Solution & Discussion Due Date: 22-05-2019

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MGT101 Assignment No 01 Solution Spring 2019

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Thanks for sharing .. i was confused about advertising expense .. it helps me .. thanks again

where is the tax paid ??? I think it should be in administration expenses..

(MGT101 – Financial Accounting) SOLUTION Assignment No. 1 Spring 2019

beautiful fairies  thanks for sharing 

what about rest of the particulars which left. are they selling expense?

Please give the solution of this assignment

 

MGT101

 

 

  1. Sales Revenue

 

 

Gross Profit                                         55,000

 

Cost of Goods Sold                            40,000

 

                                                                        95,000

 

 

  1. Fixed Assets:

 

 

Land & Building                                 840,000

 

            Plants & Machinery                            750,000

 

            Furniture & Fixtures                           170,000          

 

                                                                     1,760,000

 

 

  1. Current Assets:

 

 

Cash at Bank                                       45,000

 

Closing Stock                                      20,000

 

Receivable Income                              10,000

 

                                                            75,000

 

 

 

 

  1. Current Liabilities:

 

 

Sundrey Creditors                               25,000

 

            Expense Payable                                 15,000

 

                                                                        40,000

 

 

  1. Selling Expense:

 

 

Salaries of Marketing Staff               150,000

 

Advertising Expense                           65,000

 

Rent of office Building                      60,000

 

Wages Paid of Workers                      33,000

 

                                                          308,000

 

 

  1. Capital:

 

 

Opening Capital                                  500,000

 

Profit                                                     46,000

 

                                                            546,000

 

Thanks Tariq bhai

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