@Anaya-Ch said in how we solved it can anyone help:

mgt621

please mention what is this is it assigment or quiz

@farman-hassan said in MGT101 GDB 1 Solution and Discussion:

@Dilshad-Khan bhi yeha xxx ka kia matlb he

This is example to find out Net profit.

Solution:
1. Intangible Assets

Particulars Rs. Rs. Goodwill 150,000 Copy rights 250,000 400,000

2. Equity

Particulars Rs. Rs. Total Assets 2,240,000 Less: Total Liabilities 1,030,000 1,210,000

3. Total Income/Total Revenue

Particulars Rs. Rs. Amount earned on sale of goods 121,000 Amount earned by rendering services 840,000 961,000

4. Selling Expenses

Particulars Rs. Rs. Advertising expenses 65,000 Carriage/Transportation paid on sale of goods 160,000 225,000

5. Cost of Goods Sold

Particulars Rs. Rs. Purchases 550,000 Carriage/Transportation paid on purchase 50,000 600,000