Due Date :-  16 May 2018

Total Marks :- 10

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"Profit earned during the period" ki entry kaise pass ho gi...?????

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"Profit earned during the period" ki entry kaise pass ho gi...?????

MGT101

 

  1. Sales Revenue

 

Gross Profit                                         55,000

Cost of Goods Sold                            40,000

                                                                        95,000

 

  1. Fixed Assets:

 

Land & Building                                 840,000

            Plants & Machinery                            750,000

            Furniture & Fixtures                           170,000          

                                                                     1,760,000

 

  1. Current Assets:

 

Cash at Bank                                       45,000

Closing Stock                                      20,000

Receivable Income                              10,000

                                                            75,000

 

 

  1. Current Liabilities:

 

Sundrey Creditors                               25,000

            Expense Payable                                 15,000

                                                                        40,000

 

  1. Selling Expense:

 

Salaries of Marketing Staff               150,000

Advertising Expense                           65,000

Rent of office Building                      60,000

Wages Paid of Workers                      33,000

                                                          308,000

 

  1. Capital:

 

Opening Capital                                  500,000

Profit                                                     46,000

                                                            546,000

 

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