@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