MGT101 assignment solution

On Mon, Nov 12, 2012 at 7:30 PM, JuGnOo <blaky.angel05@gmail.com> wrote:

ACCOUTING SOLUTIONS LTD. (ASL)
BALANCE SHEET
For the year ended 30th June 2011

ASSETS Rs. Rs. Rs. 
Current Assets
Closing Stock 4500.00
Sundry Debtors 84,000.00
Cash at Bank 54,000.00
Cash in Hand 45,000.00
---------------
Total Current Assets 187,500.00 

Fixed Assets
Building 84,000.00
Furniture 9,000.00
Machinery 33,000.00
---------------
Total Fixed Assets 126,000.00
-----------
TOTAL ASSETS 313,500.00

LIABILITIES
Current Liabilities
Loan 24,000.00
Sundry Creditors 76,890.00
Bills Payable 3,000.00
---------------
Total Current Liabilities 103,890.00
Capital
Capital 135,000.00
Net Profit B/F 83,610.00
Drawings (9,000.00)
---------------
Total Capital 209,610.00
--------------
Total Liabilities 313,500.00





ACCOUTING SOLUTIONS LTD. (ASL)
BALANCE SHEET
For the year ended 30th June 2011
Dr Cr 
Rs. Rs.
Cost of Sales Sales (including Credit) 
Opening Stock 6,000.00 Gross Sales 229,500.00
Purchases 124,995.00 Sales Returns (600.00)
Purchase Returns (3,000).00 
Carriage Inward 4,020.00
Wages 10,350.00
Gross Profit 86,535.00 
228,900.00 Net Sales 228,900.00 
General & Administrative Expenses Gross Profit b/f 86535.00
Carriage outward 1,185.00 
General Expenses 960.00
Printing Charges 660.00
Total Expenditure 2,805.00

Other Expenditure Other Income
Interest Paid 570.00 Discount Received 450.00
Total Other Expenditure 570.00 Total Other Income 450.00

Net Profit c/f 83,610
TOTAL 86985.00 TOTAL 86,985.00

apni assignment k sath telly kr lo 

On Mon, Nov 12, 2012 at 3:38 PM, Prince Ali <lahore1988@gmail.com> wrote:

Asslam alikum dear fellows please share MGT101 idea solution

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