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MGT101 Assignment 1 Solution Spring 2022

MGT101 Assignment 1 Solution Spring 2022: A grace period of extra 24 hours after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Question No 1 :

Some Sub-accounting Heads are given in first column. Write the appropriate main Heads of account in second column against each Sub-accounting Head mentioned in first column from the following main Heads of account.

  • Real Account
  • Nominal Account
  • Personal Account

Question No 2:

ABC and Sons showed balances of cash in hand Rs. 190,000, Cash at bank Rs. 160,000, Furniture Rs. 110,000, Accounts receivables Rs. 35,000 and Short term loan Rs. 70,000 as on 1st May 2022. Some transactions of ABC and Sons for the month of May 2022 are given below.

Important Instruction:

  • 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.
  • 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.

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