Re: :::|| VU Askari ||::: Need MG101 Assignment solution

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Cash Book                                                                              Account Code01
Date	No	Particulars	Ledger  Code	Receipt Amount	Payment Amount	Balance Dr/(Cr)
Mar. 01		Capital A/c	02	1,00,000		1,00,000
Mar. 02		Furniture A/c	03		5,000	95,000
Mar. 03		Purchases A/c	04		20,000	75,000
Mar. 15		Office Equipment A/c	10		1,000	74,000
Mar.28		Salaries	11		2,000	72,000
Mar.31		Drawings	12		1,000	71,000

 

 

 

Question 2:

 

Balance Sheet
Particulars	Debit (Dr.)	Credit (Cr.)
Sales C.G.S (Cost of Good sold)    Purchases              XXXX - Returns                  (XXX)	XXXXX	XXXXX
Total = (Gross Profit)		3,12,000
Business Expenses:   Admin Expenses: Rent                            7,000 Salaries                       9,000 Postage and  Telegram                    5,000   Selling Expenses: Carriage Outwards     8,000 Printing and Stationery                    3,000 Advertisement          10,000 Insurance                     4,000 Commission                 6,000   Financial Expenses:   ------------- -------------                   Total Expenses Net Profit	21,000               31,000	(52,000) 2,60,000

 From

Zaheer Hussain

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