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MGT401 Assignment 1 Solution and Discussion
SEMESTER FALL 2019 FINANCIAL ACCOUNTING II (MGT401) ASSIGNMENT NO. 01 DUE DATE: NOVEMBER 28, 2019 Assignment Topic: “Related Parties” and “Inventory Valuation” Part A: MARKS: 20 The following transaction occurred between “C” Ltd and its parent, “T” Industries, for the financial year ended 31st December, 2015. C Ltd borrowed an amount of Rs. 275,000 as a medium term loan from clean bank on 31st December 2015. The bank was not willing to grant the loan unless T Industries signed a guarantee against the loan. The loan is repayable in 24 monthly installments, the first on 31st January 2016. The market related interest rate on this loan is 20% per year compounded monthly. T industries do not make use of the debt in the financing of its operations. Requirement: Discuss whether or not the above mentioned related party transaction requires disclosure in the financial statements of the parent company “T” Industries.
Part B: Fast Trading Corporation purchases motorcycles from various countries and exports them to Europe. Fast Trading Corporation has incurred these expenses during 2005:
Required: Fast Trading Corporation is seeking your advice on which costs are permitted under IAS 2 to be included in cost of inventory.
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MGT 401 Financial Accounting II Handouts Lecture No. 1 To 45
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Financial Accounting - II (MGT401)
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MGT401 - (Financial Accounting – II)
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(Financial Accounting – II) Lectures: 45
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FINANCIAL ACCOUNTING II (MGT401)
by wfqre | Jan 4, 2024 | Accounting | 0 comments
FINANCIAL ACCOUNTING II (MGT401) MARKS: 20 Topic to be tested · Property, Plant and Equipment (IAS-16) Learning objectives: · To learn about the correct costing of Plant asset as per IAS-16 · To learn about the depreciation schedule · To learn about the calculation of profit or loss on sale of plant asset. Assignment Question: Manufacturing Private Limited (MPL) purchased a plant on 1st January 2003. The following details are applicable to this transaction: Particula$ Amounts Purchase price 149,340 Delivery cost 4,221 Installation cost 6,579 General and administration cost 1,000 Cost of testing 5,000 Pre-production cost 2,000 Initial operating losses 10,000 Total 178,140 Additional information: · The purchase price of $. 149,340 is payable on 31st December 2003. Normally vendo$ do not provide such plants on credit basis. The current market interest rate is 14% per annum. · All administrative costs are of indirect nature. · In order to check that the plant is working properly or not some sample products have been made from this plant and the cost incurred on these samples are included in the testing cost. These samples were sold at net proceeds of $.500. This cost is considered necessary by the management in order to check the plant’s initial capacity. · The initial operating losses are charged to the initial production of small lots. · The plant was ready on 3rd January 2003 and immediately put into use. · It is decided to depreciate the plant on straight line method over 8 yea$; taking into account the residual value of plant is $. 7,000. · It is assumed that the liability to dismantle and remove the machine exists at the end of its useful life at a cost of $. 3,500 (discounted present value if $. 1,700). · At the end of 8th year plant was sold at $. 10,000. · Ignore value added tax. Required 1. Determine the plant’s cost to be recognized in MPL’s books as per IAS 16. (Marks: 10) 2. Prepare a depreciation schedule of plant for 8 yea$ by following the format given below. (Marks: 08) 3. Calculate the amount of profit or loss on disposal of the plant. (Marks: 02) IMPORTANT: 24 hou$ extra / grace period 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. Yea$ Cost $. *Depreciation $. Accumulated Depreciation $. Carrying Value $. 2003 2004 2005 2006 2007 2008 2009 2010
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MGT401 Short Notes
This post will provide MGT401 short notes for midterm and final term exam paper preparation and it help you to understand each topic clearly and easily.
MGT401 Short Notes - DOWNLOAD
MGT401 Assignment No 1 Solution Spring 2023
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Assignment No 1
Spring 2023
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MGT201 Assignment No 1 Solution Spring 2023
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FINANCIAL ACCOUNTING II (MGT401) SEMESTER FALL 2023 ASSIGNMENT NO 01 STUDENT ID: BC STUDENT NAME: ANUS JAVED QUESTION. The trial balance of Global Ltd. is shown below: Global Ltd. Trial Balance as on 31 st December 2022 Title of Accounts Rs.
Financial Accounting-II (MGT401) 17 Documents. Students shared 17 documents in this course. University Virtual University of Pakistan. Academic year: 2022/2023. ... MGT401 Midterm Preparation File from Module 1 to 6 Topic 01 to 113; MGT401 Assignment Solution no 01 fall 22-23; ECO612 MCQ File for Mid Term; Mid quiz mgt610 - Mgt301;
PLEASE semester fall 2023 financial accounting ii (mgt401) assignment due date: 14 nov, 2023 marks: 10 topic: presentation of financial statements (ias 01) Skip to document. University; High School; Books; ... MGT401 Assignment Solution no 01 fall 22-23; ECO612 MCQ File for Mid Term; Mid quiz mgt610 - Mgt301;
mgt401 financial accounting ii assignment 1fall 2023due date: 14 nov, 2023 marks: 10. mgt401 financial accounting ii assignment 1fall 2023due date: 14 nov, 2023 marks: 10.
401 - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. 401
MGT401 Financial Accounting-II Assignment 01 solution.IF do you need any assignment, GDB and quizes related help then send me your assignment and GDB files o...
Module 01: IASB Conceptual Framework for Financial Reporting (Topic # 01 to 17) Week 02. 2. Module 02: Presentation of Financial Statements (Topic # 18 to 61) Week 03. 3. Module 03: Statement of Cash Flow (Topic # 62 to 79) Week 04. 4.
SEMESTER FALL 2019 FINANCIAL ACCOUNTING II (MGT401) ASSIGNMENT NO. 01 DUE DATE: NOVEMBER 28, 2019 Assignment Topic: "Related Parties" and "Inventory Valuation" Part A: MARKS: 20 The following transaction occurred between "C" Ltd and its parent, "T" Industries, for the financial year ended 31st December, 2015. C Ltd borrowed an amount of Rs. 275,000 as a medium term loan from ...
MGT401 (Financial Accounting - II) Lesson . Title / Topic: Page No. 1 . T: y. pes of Business Entities 01 2 Formation of Companies and Meetin: g. s04 3 Relationships between Companies: 08 4 . Preparation and Presentation of Financial statements: 12 5 . Propert: y, Plant and Equipment 18 6 Revaluation of Assets: 22 7 . Propert: y, Plant ...
MGT 401,402,411,501,502503,504,510,520. Addeddate 2017-10-30 01:56:41 Identifier MGT401FinancialAccountingIIHandoutsLectureNo.1To45
Book/Course code of VU MGT401 - Financial Accounting II is available in PDF format to read/study online for preparation and download in PDF format. After clicking the following button it will open in Google drive in next window/tab. Click on download icon in new window/tab to download this VU MGT401 book/handouts.
Studying Financial Accounting-II MGT401 at Virtual University of Pakistan? On Studocu you will find 16 lecture notes, practice materials, mandatory assignments, ... MGT401 Assignment Solution no 01 fall 22-23. 3 pages 2022/2023 100% (4) 2022/2023 100% (4) Save. Fall 2023 MGT401 1 SOL - Assignment solution. 2 pages 2023/2024 None. 2023/2024 None.
Financial Accounting - II (MGT401) Handouts (pdf) / Powerpoint Slides (PPTs) Lessons (1-45) (pdf Format) Power Point Slides (1-45) Handouts / Power Point Slides. ... Assignment Upload Guide MDB Posting Guide. Important VU Links Virtual University VU Orientation LMS Login DateSheet Link ...
Prepare for the MGT401 midterm, which includes solved past paper MCQs from Lectures 01 to 45. Gain valuable insight into the exam format and improve your chances of success with these comprehensive study materials. Don't miss out on this opportunity to excel in PHY101. ... MGT401 - (Financial Accounting - II) Home; Courses; MGT401; MGT401 ...
MGT401 Finalterm Past Papers. In this post topic, we provide mgt401 final term past papers that cover MCQs, important topics, and QnA that are mostly asked in your virtual university paper and it will be very helpful in final exams. The main objective of providing this mgt401 solved final paper is to support students in their VU exams and test ...
MGT401 - Financial Accounting II - Handouts. In the Virtual University setting, the distribution of handouts is strategically designed to support students in comprehensively studying. The primary objective is to facilitate easy accessibility to vital study materials, and this is achieved through the provision of user-friendly VU MGT401 PDF notes.
Financial Accounting-II (MGT401) 17 Documents. Students shared 17 documents in this course. University Virtual University of Pakistan. Academic year: 2023/ ... MGT401 Midterm Preparation File from Module 1 to 6 Topic 01 to 113; MGT401 Assignment Solution no 01 fall 22-23; Mid quiz mgt610 - Mgt301; Lecture 8MTH 302 - Midterm examination ...
FINANCIAL ACCOUNTING II (MGT401) FINANCIAL ACCOUNTING II (MGT401) MARKS: 20 Topic to be tested · Property, Plant and Equipment (IAS-16) ... Assignment Question: Manufacturing Private Limited (MPL) purchased a plant on 1st January 2003. The following details are applicable to this transaction: Particula$ Amounts Purchase price 149,340
Topic starter 27/12/2023 8:04 pm. This post will provide MGT401 short notes for midterm and final term exam paper preparation and it help you to understand each topic clearly and easily. MGT401 Short Notes - DOWNLOAD.
Find solution of question FINANCIAL ACCOUNTING II (MGT401) from Accounting subject by Homework Minutes experts. ... solutionshere Updated on: 01/02/2016 11:12 PM Due on: 02/01/2016 . Subject Accounting Topic Accounting Tutorials: 1 See full Answer . Question. ... Assignment Question: Manufacturing Private Limited (MPL) purchased a plant on 1st ...
Study Solution provides a solution for completing assignments associated with Virtual University that is dependable, accurate, and up-to-date. The VU assignment solution file will be available at no cost during the Spring 2023 semester. You can use all VU assignment solution files for your VU assignments.
Financial Accounting-II (MGT401) 17 Documents. Students shared 17 documents in this course. University Virtual University of Pakistan. ... MGT401 Midterm Preparation File from Module 1 to 6 Topic 01 to 113; MGT401 Assignment Solution no 01 fall 22-23; ECO612 MCQ File for Mid Term; Mid quiz mgt610 - Mgt301; Lecture 8MTH 302 - Midterm examination ...
View Homework Help - Financial Accounting - MGT401 Spring 2006 Assignment 07 Solution from MGT 401 at Virtual University of Pakistan. Quiz 05 SPRING SEMESTER 2006 Marks: 10 MGT401 FINANCIAL ... Financial Accounting II. DeanStrawWaterBuffalo26. 01/29/2017 ...