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MGT101 Assignment 1 Solution Spring 2018 For VU Students (WWW - Virtualstudysolutions.blogspot - Com)

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1K views2 pages

MGT101 Assignment 1 Solution Spring 2018 For VU Students (WWW - Virtualstudysolutions.blogspot - Com)

https://www.scribd.com/archive/plans?doc=34547029&metadata=%7B"context"%3A"archive"%2C"page"%3A"read"%2C"action"%3Afalse%2C"platform"%3A"web"%2C"logged_in"%3Atrue%7D

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Mgt 101 Assignment No 1 Solution Spring 2018

Solution idea:

 Sales Revenue

Gross Profit =Sale – cost of goods sold

40000=Sales- 55000

40000+55000=Sale

Sale Revenue =95000

 Fixed Assets

Fixed Assets = Plants and machinery +land & building + Furniture and Fixture

Fixed Assets = 750000+840000+170000= 1760000

 Current Assets

Current Assets= cash at bank + Income earned expected to be received within 3 months +
Closing stock

Current Assets = 45,000+10000+20,000

Current Assets = 75000

 Current Liabilities
Current Liabilities’ = Office expenses incurred expected to be paid within 3 months +Sundry
Creditors

Current liabilities = 15000+25000

Current Liabilities’ = 40000

 Selling Expense

Selling Expense = Salaries of marketing staff + Advertisement Expense

Selling Expense =150000+65000

Selling Expense =215000

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 Capital to be shown in balance sheet as on 31st December 2017

Capital = Capital +Net Profit

Capital =500000+46000

Capital to be Shown in balance sheet =546000

Please Note: if you found any mistake then correct it yourself

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