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MGT 401 Financial Accounting Assignment01 Due Date May 18,2017 Current Assets, Fourth Schedule, Companies Ordinance 1984

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Replies to This Discussion

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....

Names Of Companies Status
IBM Million $ 173,500
NM & P Co. Million $ 39,750
J & J Sons. Million $ 10,500
P & G Co. Million $ 28,000
SA & G Co. Million $ 23,750

mery ans thk nhi a rhy plz calculate kaisy kiya h bata dain

meri first calculation yhi ari but ap ny jo bd main calculation ki hai wo nai ari meri

phele ek company ki overall income plus karain ke kahan kahan se aarahi hai overall income main se hi aap calculate kar sakti hain baki companies ki total income 

aap ke answers ishi liye mere answer se match nahi kar rahey hain aap ye link dekhain similar hai example is main aur main ne ishi example ko calculate kia hai wo bhi dikhain 


Type of event

Impact on overall

company’s performance

Inventory valuation method affected the cash flow statement

Inventory valuation method does not effect on the cash flow statement

Early recognition of the profit on a sale


Ending inventory understated by Rs. 4,000

If inventory is understated by Rs 4000 then net income is also under stated by Rs 4000

Opening inventory overstated by Rs. 10,000

If inventory is Overstated by Rs 10000 then net income is also overstated by Rs 10000

opening inventory overstate hogi agar tu bhi net income kam aaye gi 

cost of good sold = opening inventory + purchases - ending inventory 

ab jab opening inventory hi ziyada show kar di tu overall cost of good sold ziyada hogai than aap ziyada amount minus kar rahey hain revenue se tu gross profit as well as net income khud kam hojaye gi by the amount of 10000

Impact on Overall Company’s Performance

The inventory method chosen will affect the amount of current assets and gross profit income statement, especially when prices are changing.

Revenue is recognized when earned and payment is assured, expenses are recognized when incurred and the revenue associated with the expense is recognized.

It means the company suffers lose or having some errors in Record keeping.

The company having profit or some errors and record keeping.

  • IBM holds 75% of the voting power in NM & P Co. and 30% of the voting powers in J & J Sons. 

Ismai NM $ P Co ki total amount mai se itny 75% nikal kr ibm k balance se subtract krna hy jo remaining amount aygi wohi uska current balance hoga

question no 2

Minority interest of IBM is 370,387.5

Minority interest of NM & PCo. is 32,162.5

Minority interest of J & J Sons. is 33,200

Minority interest of P & G Co. is 42,000

Minority interest of SA & G Co. is 71,250

Names Of Companies Status
IBM Million $ 173,500
NM & P Co. Million $ 39,750
J & J Sons. Million $ 10,500
P & G Co. Million $ 28,000
SA & G Co. Million $ 23,750
 ye ksy i value kindly tell me plz

yh calculation kese krni hai


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