Tuesday, February 4, 2014

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[pic] THE UNIVERSITY OF FAISALABAD ASSIGNMENT : JOURNAL ENTRIES COURCE CODE : ACT-122 COURCE TITLE : FINANCIAL business relationship SEMESTER : M BE Ist CAMPUS : JINNAH COLONY FACULTY OF MANAGEMENT STUDIES SUBMITTED BY : SUBMITTED TO: ABRAR HUSSAIN OSAMA ANWAR LECTURER Accounting Assignment# 1 Deadline: 11/12/2012 Britis h American Tobacco ar the manufacturers of finest cigarette in Pakistan. They buy tobacco from local farmers, mould it to make cigarettes and dole out it through their own distribution channel. by-line accounting proceeding took place during the month of November, 2012. The fellowship purchased tobacco for $ 1,200,000 on initiative Novembers and the payment will be make next month. On 5th November, bust expense of former month was salaried in cash, worth $ 15,000. It shows that on eighth November, company sell it two vehicles for 400,000. On 13th November, a payment of $ 5,000 was certain from customers for the sales of cigarettes that occurred in last month. The company took a intrust loan on 17th November to purchase machinery for worth $ 50,000,000. An impermanent dividend of $ 8000 is paid in cash on 21st November. A return on investment in the bonds Engro Corporation was real in cash on twen ty-sixth November for worth $ 83000. ! On 29th November, the company recorded entries for utilities $ 23000, rent $15000 and wages $ 35,000. On November 30th, the total value of cigarettes sold for the month was 2,500,000 and 50%...If you indispensableness to get a full essay, install it on our website: OrderEssay.net

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