[discussion_vu] MGT 101 Solutions Required plz urgent!

Plz solve these questions......!

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Question no1:         3 marks

Calculate the profit of the business…

Given data:-

Gross profit = 20,000 Rs

Cost of sales = 1,000 Rs

Office expenses = 10,000 Rs.

 Distribution expenses = 3,000 Rs

 

Question 2. marks 3

Given data:

• Machinery purchased on  1^st November 2010 = 150,000 Rs
• Depreciation rate 10 % p.a
• Financial year starts from January 1^st December 31^st

Calculate depreciation expense and book value.

 

 

Question 3:- Marks 5

cash in hand = 51,000

bills receivable = 6,000

Sundry debtors = 90,000

Bills payable = 67,000

Sundry creditors = 140,000

Closing stock = 70,000

Calculate the working capital.

 

Question 4.    marks 5

 

 

Cost of the machine = 50,000 Rs

Written down value of the machine = 21,000

Opening written down value of the machine = 37,500

Closing written down value of the machine = 59,369

Calculate the book value and depreciation expense…

 

 

 

 

 

 Question number 1^st

 Calculate working capital with the help of given data.

 

Particulars	Rs.	Particulars	Rs.
Cash in Hand	51,000	Bills Payable	67,000
Bills Receivable	6,000	Sundry Creditors	140,000
Sundry Debtor	90,000	Closing Stock	70,000

Question number 2

If:

·         Original cost of fixed asset Rs. 1,000,000

·         Accumulated Depreciation Rs. 400,000

·         Revalued amount of fixed asset Rs. 500,000

 Required:

                 Calculate the Written down value and Loss on revaluation of fixed asset

 Question number :3

State whether the following are capital or revenue expenditure.

1.      Construction of basement costing Rs. 300,000 at office premises

2.      Paid a bill of Rs. 30,000 of Mr. Shahbaz, who was engaged as the erection engineer to set up a new automatic machinery costing Rs. 20,000 at the new factory site.

3.      Incurred Rs. 30,000 expenditure on varied advertisement campaigns undertaken yearly on a regular basis, during the peak festival season.

Question number 4 :

 List down the different methods adopted for stock valuation.

Q:

a 150000 ka asset tha uski par anum 1O% depriciation thi finacial year 1 jan to 31 december or asset 1st november ko purchase kiya straight line methoed se hall karna tha

Question no1:         3 marks

Calculate the profit of the business…

Given data:-

Gross profit = 20,000 Rs

Cost of sales = 1,000 Rs

Office expenses = 10,000 Rs.

 Distribution expenses = 3,000 Rs

 

Question 2. marks 3

Given data:

• Machinery purchased on  1^st November 2010 = 150,000 Rs
• Depreciation rate 10 % p.a
• Financial year starts from January 1^st December 31^st

Calculate depreciation expense and book value.

 

 

Question 3:- Marks 5

cash in hand = 51,000

bills receivable = 6,000

Sundry debtors = 90,000

Bills payable = 67,000

Sundry creditors = 140,000

Closing stock = 70,000

Calculate the working capital.

 

Question 4.    marks 5

 

 

Cost of the machine = 50,000 Rs

Written down value of the machine = 21,000

Opening written down value of the machine = 37,500

Closing written down value of the machine = 59,369

Calculate the book value and depreciation expense...

 

fazalbukhari@yahoo.com
cell # 0300-6898007

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