Solve these (questions will be posted here)

Dear sir,
Please find answers for the above questions as below:

Q. #. 5:
If end -year receivable is 92,000, sale revenue = 558,000+92,000=650,000

Q. #. 6:
Cost of product sold if end year inventory 950,000 = 375,000-95000=280,000

Q. #. 7:
Other expenses if liability unpaid is 30000= 340,000+30,000= 370,000

Q. #. 8:
Profit and Loss:
650000 sale revenue - 280,000-370,000 = Zero profit.

Thanks
Wahidi

Thanks Dr Wahidi. Excellent work. Keep it up

Other retards from the current MPH Class also need to solve this up. Wake up Proverbial Gul Mohammads and Gul Zarinaes.

Dr Abuzar also did it 100% correct. Now other who were suffering from Severe Hypothyroidism and mental retardation to also wake up and solve. Hurry Up

Dear Colleagues!
AOA.
I have solved these questions in such a way that you can easily understand, grab the concept and in future could solve such questions. This Endeavour was specially made for Noroz, Mutahira and Adnan.
With Regards
Dr Abu Zar Taizai

First Year (Revenue and Expenses)
1. Cash Receipts from Sales = 558,000 Dollars
2. Expenses for purchases of products = 375,000 Dollars
3. O/S ( outstanding Other Expenses) = 340,000 Dollars
Two Assets and Liability at the End of First Year
1. A/R (Receivables) From Sales = 52,000 Dollars
2. Inventory Value =85,000 Dollars
3. Liability (Unpaid Expenses) =25,000 Dollars
Question 5:
What would be the amount of Accrual Basis Sales Revenue for the year if the business’s year end Receivables had been 92,000 Dollars?

Solution for Question 5:
Sales Revenue = Cash Sales + Credit Sales
Sales Revenue = 558,000 $ + 92,000 $
Now add the two figures and we get Sales Revenue for the year = 650,000 Dollars (Answer)
Question 6:
What would be the amount of Accrual Basis Cost of Products sold expenses for the year if the business’s year end Cost of products held in inventory at the year –End had been 95,000 Dollars?
Solution for Question 6:
Cost of Products Sold = Cost – Products ending inventory
= 375,000 – 95,000
= 280,000 Dollars (Answer)

Question 7:
What would be the amount of Accrual Basis other expenses for the year if the business’s liability for unpaid expenses at year end had been $ 30,000?

Solution for Question 7:
Total Yearly other expenses = Expenses Paid + O/S (Outstanding Other Expenses) during the year
= 340,000 +30,000
= 370,000 Dollars (Answer)

Question 8:
Based on the changes for the example 5, 6 and 7 determine the profit and Loss of the business for its first year?

Solution for Question 8:

Sales revenue (as we see in question 5) = 650,000 $
Less Cost of Sale (as we see in question 6) = 280,000 $
Profit or loss = Total Sales Revenue –Total cost of sales = 650,000 – 280,000 = 370,000 $
So The Gross Profit is 370,000 $
Net Profit is = Gross Profit – Other expenses:
Other expenses in our case are (as we see in question 7) = 370,000 $
Now as we know that net profit = gross profit – other expenses so have
=370,000 – 370,000 = 0 Dollars
So if we change the original statement by those given in the examples 5, 6 and 7 we will be having Zero net Profit or Loss.

In Pashto we say karobar SAR pa SAR. (NE GATA NE TAWAN)

Dear sir,Soulation of four quastion.An of Q no one.( 5 )558000+   92000_______650000650000 Sales revenue.An Q no two.( 7 )340000  30000_____________370000370000  other expensesAn Q no three. ( 6 )375000-  95000__________280000280000   cost of products sold  expense .An Q no four .( 8 )650000 -280000-370000=0Not profit not loss.

bibinazifa wrote:Dear sir,Soulation of four quastion.An of Q no one.( 5 )558000+ 92000_______650000650000 Sales revenue.An Q no two.( 7 )340000 30000_____________370000370000 other expensesAn Q no three. ( 6 )375000- 95000__________280000280000 cost of products sold expense .An Q no four .( 8 )650000 -280000-370000=0Not profit not loss.

Good

Dear Sir,
I Solved these questions as below.
Q5.
$558,000 cash receipts from sales + $92,000 year end receivable from customers = $650,000 sales revenue.
Q6:
$375,000 cash payments for other purchases of products - $ 95,000 year end inventory of unsold products = $ 280,000 cost of products sold expenses.
Q7:
$ 340,000 cash payments for other expenses + $ 30,000 year end liability for unpaid expenses = $370,000 other expenses.

Q8:
$ 558,000 cash receipts for sales + $ 92,000 year end receivable = $ 650,000 sales revenue.
$ 375,000 cash payments for purchases of products - $ 95,000 year end inventory of unsold products = $ 280,000 cost of products sold expenses.
$ 340,000 cash payments for other expenses + $ 30,000 year end libility for unpaid expenses = $ 370,000 other expenses.
$ 650,000 sales revenue - $ 280,000 cost of products sold - $ 370,000 other expense = 0 (zero) ,
profit is zero.
Dr Fidaullah.

dear sir
asalaam a lekum
i havent found the assignment questions,
date. 25th jan
time. 12.20 pm

dear sir
asalaam a lekum
i havent found the assignment questions,
date. 25th jan
time. 12.20 pm
mutahira shaheen

Assignment for Mutahira Shaheen. You have 48 Hours to complete the assignment



From the information given above:

a) Enter the balances in the trial balance as at 31st October 2004.

b) Calculate and enter her capital.

c) Show the final totals of the trial balance.

Assignment for Mehnaz Khan. Complete within next 48 hours



1. Prepare Journal Entries for these transactions

2. Prepare General Ledger Entries for the transactions

3. Prepare a Trial Balance

dear sir i tried to solve the question
answer the question no 5
total sales revenue = accruel basis sales revenue+cash sales
= 92000+558000=650000

answer no 6
cast of product sold exp= total cast of product produce- cast of inventory
total cast of product = cash purchase 375000
= other purchases=340000
= credit purchases= 25000
___________
740,000
inventary - __95,000_

cast of product sold 645,000

answer of question no 7.
total other xpensive = cash xpenses + liability
= 340,000 + 30,000
= 370,000


answer no questio no 8

cash recepts = 558000
cash pro = 375,000
cash of other xpenses = 340,000
sales on cerdits as in xplained in question 5 = 92,000
endings inventry = 95,000
as xplain in q6.

liability for impaid xpenses as in q7= 30,000
proft and loss for the year.
sales
cash sales __________ 558,000
cerdit sales_________ 92,000
total sales_____650,000
purshaese

cash perchases _375,000
credit purchese & other cash xpenases _ 340,000
cerdit other xp_ 30,000

total perchases _____745,000_______________

less endings inventry (-)____ 95,000
c0st of good sold__________________650,000



MUTAHIRA SHAHEEN

Assignment for Mr Mohammad Adnan 2nd Semester MPH. Time posted is 7.45 pm monday 26th Jan and your 48 hours will end on wednesday 28th Jan at 7.45 pm



The T-accounts in the general ledger reveal that no buildings or land were disposed of during the year, stock issuances were for cash, and the entries in the Retained Earnings account were for net income of $55,000 and dividends paid of $25,000. From the balance sheets we see that cash went up by $30,000 over the year.

Calculate Cash Flow from Operations