On Sat, Feb 27, 2010 at 11:32 PM, Prince.... <mc090406698@vu.edu.pk> wrote:
Dear Students Braking NewsAnnounce the result of Assignment mgt 101--
On Sun, Feb 28, 2010 at 11:59 AM, mc090402548 Zeeshan Akhtar Awan <mc090402548@vu.edu.pk> wrote:
The main objective of financial reporting is to provide:
► Essential information to internal users of financial reports.
► Useful economic information about the business to the external parties for sound financial decisions.
► Information to internal users about the cash position of the business.
► Information to the Securities Exchange Commission (SEC).
Q2:
Particulars
Rs.
Bad Debts (Given in trial balance)
500
Old provisions (Given in trial balance)
700
Sundry Debtors (Given in trial balance)
44,800
If the Provision for doubtful debts has been increased by 5%, which amount of new provision will be shown in Profit & Loss Account?
► Rs. 2,240
► Rs. 2,425
► Rs. 1,925
► Rs. 3,025
On Sun, Feb 28, 2010 at 9:15 AM, mc090403344 Saima Yaqub <mc090403344@vu.edu.pk> wrote:
1600-2000+800=400
On Sun, Feb 28, 2010 at 10:08 AM, mc090402548 Zeeshan Akhtar Awan <mc090402548@vu.edu.pk> wrote:
Please helpConsider the following data and identify the amount which will be shown in profit & loss account.
Particulars
Rs.
Bad debts
1,600
Provision for doubtful debts (old)
2,000
Current year's provision (new)
800
► Rs. 400
► Rs. 800
► Rs. 2,000
► Rs. 2,400
On Sat, Feb 27, 2010 at 6:51 AM, mc090402550 Asad Munir <mc090402550@vu.edu.pk> wrote:
Sobia Sister pls see handouts pagen152 example 2Pls answer me only one questionWhy we creat provision for bad debts?ager ap is question ka satisfactory jawab dhoondh len ge to ap ko khud he pata chal jai ga ke is question ak answer kia ager phir bhe confusion ho to i m here do write methanxOn Sat, Feb 27, 2010 at 6:31 AM, Sobia Munir <mc090400493@vu.edu.pk> wrote:
Asad brother ans 4000 he hai bcoz wo hm sy new provision ke amount poch rahy hain(What amount of new provision for doubtful debts will be credited in profit & loss account)...bad debts to confirm ho gaye hain wo to P&L main transfer hon gay os ke to koi confusion nai hai pr new provision ke amount to 4000 hai na...
On Fri, Feb 26, 2010 at 7:45 AM, mc090402550 Asad Munir <mc090402550@vu.edu.pk> wrote:
Sobia Sisterthen wht about bad debts ?On Fri, Feb 26, 2010 at 7:44 PM, Sobia Munir <mc090400493@vu.edu.pk> wrote:
ANS=4000
On Fri, Feb 26, 2010 at 7:39 AM, mc090404472 Rashida Yaseen <mc090404472@vu.edu.pk> wrote:Rs. 40,000. On the basis of past experience, it is estimated that 10% of the sundry debtors are doubtful. Actual bad debts are Rs. 1600. What amount of new provision for doubtful debts will be credited in profit & loss account
► Rs. 3,600
► Rs. 4,000
► Rs. 1,600
►Rs 2,400
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Sweet Heart
Prince
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