Tag Archives: GDB Solution MGT101

MGT101 Financial Accounting GDB Solution Fall 2012

Alloy Manufacturers Limited (AML) is a well-known company working in the automobiles Alloy industry. Mr. Naseer is working as accounts manager at AML and has more than 05 years of relevant experience. His major responsibilities include looking after accounting matters for accounting of fixed assets – incorporation, maintenance, depreciations, revaluation, and disposal etc. as per […]

MGT101 Financial Accounting GDB Solution Fall 2012

“Financial Accounting-MGT101” Concept to be Tested: Recording Journal Entries Discussion Question From the following journal entries, you are required to identify the mistake therein and also support youranswer with logical reason. 1.      Machinery sold for Rs. 10,000 has been recorded as:   Cash A/C                    10,000 Sales A/C                    10,000   2.      Furniture Showroom purchased furniture costing Rs. 8,000 recorded as:   Furniture […]