Mgt101 Assignment No. 2 solution

Assignment No2 Solution of MGT-101 (Financial Accounting)

Question no1:

Answer:"

i. Calculate new provision?

= Sundry debtors – new bad debts

=205000 – 5000

=200,000

New provision = 200,000*5/100

New provision = Rs.10000

ii. Calculate the amount of provision for doubtful debtors to be appeared in

profit and loss account?

Bad debts = 8000

Add: new bad debts = 5000

Add: new provision =10000

Less: Old provision =(6000)

= 17000

Balance (Rs.17000) is appear in profit and loss account

iii. Calculate the amount of sundry debtors shown in balance sheet?

Debtors = 205000

Less: new bad debts = 5000

Less: new provision =10000

Balance show in B.S = Rs.190000

Question No 2:

Answer:"

Debtor Control Account

Date   No       Narration      Dr. Rs                        Date      No       Narration                  Cr. Rs

Bal b/f            25000                                                 Recept fro

                                                                                  Debtors                     35000

Credit sales 50000                                                  Discount                   2000

                                                                                 Bad bdebts              10000

Sale Return              5000

Closing debtors      23000

75000                                                                                     75000

CS201 Assignment No. 3

Assignment No. 3

Semester: Fall 2010

CS201: Introduction to Programming            Total Marks: 20

Due Date: 06 Jan, 2011

Instructions:

Please read the following instructions carefully before submitting your assignment:

It should be clear that your assignment will not get any credit if:

         The assignment is submitted after due date.

         The submitted assignment does not open or file is corrupt.

All types of plagiarism are strictly prohibited.

Note: You have to upload only .cpp file. Assignment in any other format (extension) will not be accepted. If you will submit code any other file format like .doc or .txt etc. you will get zero marks.

Objective

The objective of this assignment is to provide hands on experience of using

         Functions of C/C++

         Classes in C/C++

         Creating and manipulating objects.

Guidelines

         Code should be properly aligned and well commented.

         Follow C/C++ rules while writing variables names, function names etc.

         Use only Dev-C++ IDE for this assignment.

Assignment    

Problem Statement: Calculate salary

You are required to write a program which will calculate the salary of an employee according to his/her grade assigned by the employer. You must declare a class named CalSalary whose private data members will be employee ID, employee name and employee grade. Also write a constructor, setter and getter functions for all private data members and a function that will calculate the salary.

Detailed Description:

•           Employee ID and grade should be of type integer. Employee name should be of type string.

•           Constructor should initialize employee ID and grade with value zero and employee name with value NULL.

•           For assigning or extracting values from private data members, you must use getter and setter functions.

•           Declare a public member function named calculate which will calculate the net salary of the employee according to his/her grade.

•           Formula for calculating actual salary is (Basic Salary) + 45% of basic salary.

•           If the grade of employee is 17, then the basic salary is 15,000.

•           If the grade is 18, then the basic salary is 20,000 and if grade is 19 then the basic salary is 25,000.

Sample Output 1

Please enter employee ID : 001

Please enter employee name : Mohammad Ali

Please enter employee grade : 17

The net salary of Mohammad Ali is Rs.21750

  

Sample Output 2

Please enter employee ID : 2

Please enter employee name : Aslam Khan

Please enter employee grade : 19

The net salary of Aslam Khan is Rs.36250

Note: you have to use same Class and Function name as mentioned in the assignment details. If we find any deviation, marks will be deducted.

Deadline:

Your Assignment solution must be submitted on or before January 06, 2011.

STA630 Online Quiz No. 3 Announcement

Quiz 3 Dated: Dec 31, 10

On-Line Quiz (No.03) Announcement

Quiz will cover video lecture no. 1 to 28

Schedule

Opening Date and Time

January,3, 2011 At 12:01 AM (Mid-Night)

Closing Date and Time

January5, 2011 At 11:59 PM (Mid-Night)

24 hours extra time is not available

Mgt603 Online Quiz No. 2 Announcement

Quiz # 02 (Announcement) Dated: Dec 31, 10

On-Line Quiz (No.02) Announcement

Quiz will cover video lecture no. 01 to 27

Schedule

Opening Date and Time
Jan 04, 2011 At 12:01 AM (Mid-Night)

Closing Date and Time
Jan 06, 2011 At 11:59 PM (Mid-Night)

24 hours extra time is not available

Mgt101 Assignment No. 2

Semester "Fall 2010"

"FINANCIAL ACCOUNTING – 1 (MGT101)"

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

Important Tips

1. This Assignment can be best attempted from the knowledge acquired after

watching video lecture no. 1 to lecture no. 27 and reading handouts as well as

recommended/reference books).

2. Video lectures can be downloaded for free from Online VU Lectures

Schedule

Opening Date and Time December 31, 2010 At 12:01 A.M. (Mid-Night)

Due Date and Time January 05, 2011 At 11:59 P.M. (Mid-Night)

Note: Only in the case of Assignment, 24 Hrs extra / grace period after the above mentioned

due date is usually available to overcome uploading difficulties which may be faced by the

students on last date. 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.