MGT101 Financial Accounting gdb Semester "Spring 2011"

[Vuhelper]

“The following Accounting Equation has been derived from the balances extracted from the accounting records of Mr. Entrepreneur as on January 1st, 2011:



Cash + Debtors + Stock + Building + Furniture + Other Fixed Assets = Creditors + Owner’s Equity
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
5,000 7,500 15,500 75,000 3,500 18,500 50,000 75,000

On the same day, he borrowed Rs. 30,000 from his wife and brought that money into the business. You are required to show the effect of this transaction upon the above equation by following the format.”

[AqsaMalik]

Cn ou plx pr0vide thy hints fr thS GDB...?????

[Xpert]

Yah vuhelper you shuld provide the solution its not fair.

[Vuhelper]

Solution: Rs 30,000 Cash borrowed so cash and creditors will be increased by
30,000 and the accounting equation becomes.
Cash + Debtors + Stock + Building + Furniture + Other Fixed Assets = Creditors + Owner’s
Equity
Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.
5,000 7,500 15,500 75,000 3,500 18,500 50,000 75,000
+ +
30000 30000
Cash + Debtors + Stock + Building + Furniture + Other Fixed Assets = Creditors + Owner’s

[dreamboy]

PLz giv the solution of Quiz no. 1 of MGT101, Spring 2011...

[Xpert]

jaldi do helper kahan hai solution

[jiaaaa]

any one z here who can provide solution of gdb 1 nov 2011 sooooooooooo tell me plz nd reply soooooooooon