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Thread: MGT101 Financial Accounting GDB no 1Semester FALL 2 November 2011

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    18 MGT101 Financial Accounting GDB no 1Semester FALL 2 November 2011

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    “Financial Accounting (MGT101)”

    This is to inform that Graded Discussion Board (GDB)

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    Has been opened according to the following schedule




    Schedule




    Opening Date


    November 01, 2011




    Closing Date and Time


    November 03, 2011 At 11:59 P.M. (Mid-Night)




    Note: No extra or bonus/grace period is available for attempting GBD.




    Discussion Question

    “Mr. Ali has started a new business in current year 2011. For his business, he has purchased a building, office furniture and fixtures. He has paid insurance premium of the building for the financial year 2011 and also incurred the advertisement expenses. Transportation charges have also been paid for the furniture he purchased. Salaries have also been paid during the year. Along with all these activities, Mr. Ali has purchased a car for his personal use only.



    Required:

    Identify at least two capital and two revenue expenditures from the above given scenario.”





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    iss ka solution to bata daey?

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    abhi tu kafi din paray howay han janab.
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    plz plz koi MGT101 and MGT211 k first GDB ka solution de de.. plz plz thx

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    03-11-2011 yani today is last date plz

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    g han. hai tu sahi.
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    Solution:

    Capital expenditures are:

    1. Office furniture and fixtures
    2. cost of car

    Revenue expenditures are:

    1. Salaries
    2. Insurance premium
    3. Transportation charges
    4. Advertisement expenses

    Another Solution:

    Capital expenditure
    1-building
    2-office furniture and fixtures

    Revenue expenditure
    1-Transport charges which had paid for furniture
    2-Salaries have also been paid during the year2011

    Another:

    Capital Expense
    Building for Office because if is a fixed asset and fixed assets are counted as Capital Expenses, Furniture is also treated as asset of the business

    Revenue Expense
    Advertisement Expense because it will generate revenue for the company, Insurance Premium because it will also payback some larger amount of money

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