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Thread: MGT101 Assignment No 2 solution December fall 2010

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    Icon14 MGT101 Assignment No 2 solution December fall 2010

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    Assignment No. 02 Marks: 20
    QUESTION – 01
    The following are the information available from the Trial Balance of Mr. Ali & Sons for the
    year ended on 31st December 2010.
    Adjustments:
    � Write off Rs. 5,000 bad debts from accounts receivable.
    � Maintain provision for doubtful debts at 5%.
    Required:
    1. Calculate new provision.
    2. Calculate the amount of Provision for doubtful debts to be appeared in Profit and
    Loss Account.
    3. Calculate the amount of Sundry debtors to be shown in Balance Sheet.
    QUESTION – 02
    The financial year of Mr. Ali & Sons is closed on June 30, 2010. Data regarding Mr. Ali &
    Sons is given below:
    Required:
    Prepare Debtors control account for the month of June, 2010.
    Particulars Debit
    Rs.
    Credit
    Rs.
    Accounts receivable
    Bad debts
    Provision for doubtful debts
    205,000
    8,000
    6,000
    Particulars Rs.
    Opening balance of sundry debtors 25,000
    Cash sales 100,000
    Credit sales 50,000
    Discount allowed 2,000
    Discount received 6,000
    Receipts from debtors 35,000
    Bad debts written off 10,000
    Sales returns (from credit sales) 5,000


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    Solution will be uploaded soon
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    W8inggggggggg....

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    yah sure will be upload soon

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    kindly, sooon
    I am wainting with irritation. Becuase, still I have not prepared my cs101 assigment.
    amjad

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    all solutions will be uploaded just wait plz

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    ok guys here come the final solution download it.

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