Mohsin Hassan Bba Iiib BUS-19F-044 Financial Accounting
Mohsin Hassan Bba Iiib BUS-19F-044 Financial Accounting
BBA IIIB
BUS-19F-044
Financial Accounting
Assignment
Submitted to: Miss Sehrish Abro
Submitted From : Mohsin Hassan
Assignment No 01
69 1500 103500
40 1500 60000+250
60250
4325
72 1000 72000
90 1000 90000+150
90150
-18150
(A)
Maps & Globe
General Journal
For March & June 2018
Date Account title and Explanation Debit
Credit
Ford Motors
60 500 30000
40 500 20000
10000
Ikea Inc.
75 4000 300000
90 4000 360000
-60000
55000
(B)
Cost per Price per Number of Total
Share Share Shares
Apr -10
50 1000 50000+200
50.2 50200
66 1000 66000
15800
Aug-07
80 2000 160000+300
80.15 160300
72 2000 144000
-16300
Cotton Manufacturing Co.
General Journal
Date Account title and Explanation Debit
Credit
(C)
60 4000 240000
50 4000 200000
40000
70 2000 140000
80 2000 160000
-20000
Unadjusted Balances:
Marketable Sec.(Wolf) 240000
(D)
Schedule Showing Cost & Market Values (2001)
360000 380000
(E)
Cotton Manufacturing Co.
Mark to Market Adjusting Entries
At December 31, 2001
(F)
Cotton Manufacturing Co.
Balance Sheet
At December 31, 2001
20000
Question 7.11:
(A)
For Corners Imports
Journal Entries
Date Account title and Explanation Debit
Credit
Cash 42000
A/C Receivable 42000
(Collected cash from party plus customer)
Assignment No 03
Question 7.5:
Add:
20334
No.628 978
Deduct:
Service Charges 24
(B)
Data Flow
General Entries
Date Account title and Explanation Debit
Credit
(C)
Clean Air Management
General Entries
At January 2001
Date Account title and Explanation Debit
Credit
The Marketable Securities appear on the balance sheet at their current market value. This
evaluate the concept of mark to market from the perspective of Giant’s.