MGT101 Assignment 1 Solution Spring 2018

Dear VU (Virtual University of Pakistan) Students, here you can read or Download MGT101 - Financial Accounting Assignment No 1 Solution and Discussion of Semester Spring 2018. Assignment Due Date is 16 MAY, 2018. Total Marks are 10. We are here to facilitate your learning and we do not appreciate the idea of copying or replicating solutions. You can also like for latest update our Facebook page, YouTube channel and follow on Google+.

Assignment Topic:

In this Assignment basic understanding is to be required for the preparation of financial statements.

Assignment Learning Object:

To understand the elements used in the preparation of financial statements.

Important Instructions:

• Take help from internet for collecting the information. 
• Carefully watch relevant lectures and consult the relevant material from handouts along with recommended books. 
• Attempt the assignment by yourself and it will be entertained positively. 

Assignment Deadline:

• Make sure to upload the solution file before the due date on VULMS. 
• Any submission made via email after the due date will not be accepted.

Assignment Formatting Guidelines:

• Use the font style “Times New Roman” or “Arial” and font size “12”.
• It is advised to compose your document in MS-Word format.
• You may also compose your assignment in Open Office format.
• Use black and blue font colors only.

Assignment Rules for Marking:

• Please note that your assignment will not be graded or graded as Zero (0), if: 
• It is submitted after the due date. 
• The file you uploaded does not open or is corrupt. 
• It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc. 
• It is cheated or copied from other students, internet, books, journals etc.

Dear students!
Please Note: As you know that Pre-Mid-Term semester activities have been started and load shedding problem is also prevailing in our country now a day. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

Assignment Question No.1:

Following information is extracted from the books of ABC Traders on 31st December 2017.

Required Tasks: 
Based on the above information of ABC Traders, you are required to calculate the amount of: 

1.   Sales Revenue 

2.   Fixed Assets 

3.   Current Assets 

4.   Current Liabilities 

5.   Selling expenses 

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

Download Assignment Solution File:

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You can Also Download Midterm Solved Past Papers reference by Moaaz and Waqar Sidhu, Final term Solved Past Papers reference by Moaaz and Waqar Sidhu, GDB Solutions, Assignment Solutions, and Solved Quizzes files, PPT Slides, Handouts, Final term Short Notes, Mid Term Short Notes and NTS Guidelines.