II - 2003-Advancedrp PDF

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2003
B.COM II ADVANCED
ACCOUNTING
REGULAR /
PRIVATE
Compiled and Solved by:
S.Hussain
Compiled & Solved by: S.Hussain

A4accounting@hotmail.com
ADVANCED ACCOUNTING 2003

REGULAR / PRIVATE
Instructions: Attempt any five questions.
Q.No.1
COMPANY ACCOUNTING ABSORPTION
GIVEN The following balances appeared in the balance sheet of Yousuf Ltd. as on June. 30, 2003:
Assets
Equities
Cash
20,000 Accounts payable
20,000
Accounts receivable
60,000 Bonds payable
100,000
Merchandise inventory
160,000 Share capital (ordinary shares of
600,000
Rs.10/= each)
Land and building
240,000 General reserves
160,000
Plant and machinery
400,000 Retained earnings
120,000
Goodwill
120,000
Total
1,000,000
Total
1,000,000
The above company is absorbed by Ghani Ltd. on the following terms:
(i) All the assets (with exception of cash) to be taken over at book values.
(ii) Accounts payable to be paid by Yousuf Ltd.
(iii) Purchase consideration was as follows:
(a) A cash payment of Rs.4 for every share of Yousuf Ltd.
(b) The issue of one share of Rs.10/= each (market value Rs.12.50) in Ghani Ltd. for every
share in Yousuf Ltd.
(c) The issue of 1,100 bonds of Rs.100/= each in Ghani Ltd. to enable Yousuf Ltd. to
discharge its bonds at a premium of 10%.
REQUIRED
(i) Compute the purchase consideration.
(ii) Give the necessary journal entries in the books of both the companies.
SOLUTION 1 (i)
Computation of Purchase Consideration:
To Shareholders:
60,000 Ordinary shares @ Rs.12.50 each
Cash (60,000 x 4)
To Bond Holders:
1,100 bonds @ Rs.100 each
Purchase consideration
750,000
240,000
110,000
1,100,000
SOLUTION 1 (ii)
YOUSUF LTD.
GENERAL JOURNAL
Date
1
Particulars
Receivable from Ghani Ltd.
Realization
(To record the purchase consideration)
P/R
Debit
1,100,000
B.Com II Advanced Accounting 2003 (Regular / Private)
Credit
1,100,000
Page 2

Date
2
3
5
7
Particulars
P/R
Shares in
Cash
10% Bonds in
Receivable from Ghani Ltd.
(To record the shares and cash received from Ghani Ltd.)
Realization
Accounts receivable
Land and building
Plant and machinery
(To record the closing of assets accounts)
Accounts payable
Cash
(To record the cash payment to creditors)
Bonds payable
Realization
10% Bonds in
(To record the bonds issued to the bonds holders)
Ordinary share capital
General reserves
Retained earnings
Goodwill
Payable to shareholders
(To record the closing of shareholders equity)
Realization
(To record the closing of realization account)
Cash
Shares in
(To record the cash & shares issued to the shareholders)
Assets
Bonds in
Realization
860,000 1
10,000
230,000
1,100,00
Debit
750,000
240,000
110,000
Credit
1,100,000
860,000
60,000
160,000
240,000
400,000
20,000
20,000
100,000
10,000
110,000
600,000
160,000
120,000
120,000
760,000
230,000
230,000
990,000
240,000
750,000
Receivable
1,100,000
1,100,000
GHANI LTD.
GENERAL JOURNAL
Date
1
Particulars
Accounts receivable
Land and building
Plant and machinery
Goodwill
Payable to Yousuf Ltd.
(To record the assets and liabilities taken over)
P/R
Debit
60,000
160,000
240,000
400,000
240,000
Credit
1,100,000
Page 3

Date
2
Particulars
P/R
Payable to Yousuf Ltd.

Ordinary share capital (60,000 x 10)
Ordinary share premium (60,000 x 2.50)
10% Bonds payable
Cash
(To record the shares, cash and bonds issued to Yousuf
Ltd.)
Debit
1,100,000
Credit
600,000
150,000
110,000
240,000
Q.No.2
COMPANY ACCOUNTING RECONSTRUCTION

GIVEN The balance sheet of Zeeshan Ltd. as on Dec. 31, 2002 is as follows:
Assets
Equities
Cash in hand
15,000 Accounts payable
75,000
Accounts receivable
250,000 Allow for depreciation Plant assets
150,000
50,000 Authorized capital
Investment
100,000 250,000 ordinary shares of
Preliminary expense
25,000 Rs.10 each
250,000
Goodwill
35,000 Paid up capital
1,000,000
Profit & loss
150,000 Share premium
50,000
Plant assets
650,000
1,275,000
1,275,000
The following scheme of reconstruction was agreed upon and implemented on July 31, 2003:
(i) Ordinary share of Rs.10 each be reduced to an equal number of fully paid shares of Rs.5 each.
(ii) Share premium was utilized.
(iii) Investment was sold for Rs.90,000.
(iv) The amount thus available be utilized to write off preliminary expenses, profit & loss and
goodwill completely.
(v) Accounts receivable are estimated to realize Rs.200,000, inventory is valued at Rs.40,000 and
plant assets are assigned a book value of Rs.300,000.
REQUIRED
(a) Entries in the General Journal to give effect to the above scheme.
(b) Revised balance sheet of Zeeshan Ltd.
SOLUTION 2 (a)
ZEESHAN LTD.
GENERAL JOURNAL
Date
1
Particulars
Ordinary shares capital (Rs.10)
Ordinary shares capital (100,000 x 5)
Capital reduction
(To record the reduction of share capital)
Share premium
Capital reduction
(To record the closing of share premium account)
Cash
Capital reduction
Investment
(To record the sale of investment on loss)
P/R
Debit
1,000,000
Credit
500,000
500,000
50,000
50,000
90,000
10,000
100,000
Page 4

Date
4
Particulars
P/R
Capital reduction
Preliminary expenses
Goodwill
Profit and loss account
(To record the writing off various assets accounts)
Capital reduction
Allowance for bad debts
Allowance for depreciation Plant assets
Capital reserve
(To record the writing off assets accounts)
Debit
210,000
Credit
25,000
35,000
150,000
330,000
50,000
10,000
200,000
70,000
SOLUTION 2 (b)
ZEESHAN LTD.
BALANCE SHEET
AS ON 31 JULY 2003
Equities
Authorized Capital:
250,000 ordinary shares
@ Rs.5 each
Paid up Capital:
@ Rs.5 each
Capital reserve
Total shareholders equity
Liabilities:
Accounts payable
Total liabilities
Total equities
Assets
Fixed Assets:
Plant assets
650,000
1,250,000 Less: All for depreciation
(350,000)
Total fixed assets
75,000
500,000 Current Assets:

70,000 Merchandise inventory
570,000 A/c receivable 250,000
Less: All for b/d (50,000)
Cash
Total current assets
75,000
645,000 Total assets
300,000
40,000
200,000
105,000
345,000
645,000
Q.No.3
FINANCIAL STATEMENT
(a) (i) Name any two tools of analysis (Analytical tools).
(ii) Give the significance of current ratio.
(iii) State the change in quick ratio when merchandise is purchased on account.
(b) GIVEN Mehran Company was registered with an authorized capital of Rs.6,000,000 divided into
600,000 ordinary shares of Rs.10 each. The companys books showed the following balances on
December 31, 2002, the end of the accounting year before the closing process:
Debit Balance:
Cash Rs.40,000; Accounts receivable Rs.65,000; Merchandise inventory (1.1.2002) Rs.25,000;
Machinery cost Rs.1,500,000; Purchase Rs.480,000; Transportation in Rs.20,000; Salaries expense
Rs.58,000; Unexpired insurance Rs.8,000; Rent expense Rs.48,000; Auditors fee expense Rs.20,000;
Directors fee expense Rs.18,000 (total Rs.2,282,000).
Credit Balance:
Accounts payable Rs.45,000; Accumulated depreciation Machinery Rs.140,000; Allowance for
bad debts Rs.8,000; 10% Bonds payable Rs.280,000; Paid up capital Rs.1,000,000; Sales revenue
Rs.750,000; Retained earnings Rs.59,000 (total Rs.2,282,000).
Page 5

Data for Adjustments on December 31, 2002:
(i) Merchandise inventory at Dec. 31, 2002 was valued at Rs.180,000.
(ii) Allowance for bad debts to be increased by Rs.2,000.
(iii) Insurance expired Rs.3,000.
(iv) Machinery is depreciated by 20% Diminishing Balance Method.
(v) Salaries prepaid Rs.8,000.
(vi) Rent payable Rs.12,000.
(vii) Provide Rs.20,000 for income tax.
(viii) Appropriate Rs.10,000 for contingencies.
REQUIRED
(a) Prepare Income Statement for the year ended December 31, 2002 and statement of retained
earnings on the same date.
(b) Prepare balance sheet as of Dec. 31, 2002 in classified form.
SOLUTION 3 (a)
Analytical Tools:
1. Dollar and percentage change.
2. Trend percentage.
Current Ratio:
Current ratio shows the total available current assets for the payment of every one rupee of the
companys current liability. It is calculated by dividing total current assets by total current
liabilities of the company. It shows the liquidity position of the company.
Quick ratio will be reduced by purchasing merchandise on credit because merchandise inventory
is not included in the quick assets while accounts payable is included in the quick assets.
Merchandise purchase on account increases the current liabilities which will reduce quick ratio.
SOLUTION 3 (b)
MEHRAN COMPANY
INCOME STATEMENT
FOR THE PERIOD ENDED 31 DECEMBER 2002
Sales revenue
750,000
Less: Cost of Goods Sold:
Merchandise inventory (beg)
25,000
Add: Net Purchases:
Purchases
480,000
Add: Transportation in
20,000
Net purchases
500,000
Merchandise available for sale
525,000
Less: Merchandise inventory (end)
(180,000)
Cost of goods sold
(345,000)
Gross profit
405,000
Less: Operating Expenses:
Salaries expense (58,000 8,000)
50,000
Rent expense (48,000 + 12,000)
60,000
Auditors fee expense
20,000
Directors fee expense
18,000
Depreciation expense Machinery
272,000
Insurance expense
3,000
Bad debts expense
2,000
Total operating expenses
(425,000)
Net loss
(20,000)
Page 6

MEHRAN COMPANY
STATEMENT OF RETAINED EARNINGS
Retained earnings (opening balance)
59,000
Less: Net loss for the period
(20,000)
Total retained earning
39,000
Less: Dividends and Reserves:
Reserve for income tax
20,000
Reserve for contingencies
10,000
Total dividend and reserves
(30,000)
Retained earnings (ending balance)
9,000
MEHRAN COMPANY
BALANCE SHEET
AS ON 31 DECEMBER 2002
Equities
Assets
Shareholders Equity:
Fixed Assets:
Authorized Capital:
Machinery
1,500,000
Less: All for dep.
(412,000)
@ Rs.10 each
6,000,000 Total fixed assets
Issued & Paid-up Capital:
Current Assets:
@ Rs.10/- each
1,000,000 Unexpired insurance
5,000
Reserve for income tax
20,000 Prepaid salaries
8,000
Reserve for contingencies
10,000 Merchandise inv.
180,000
Retained earnings
9,000 A/c receivable 65,000
Total shareholders equity
1,039,000 Less:All for b/d(10,000)
55,000
Cash
40,000
Liabilities:
Total current assets
Long Term Liabilities:
10% Bonds payable
280,000
Current Liabilities:
Accounts payable
Rent payable
Total liabilities
Total equities
1,088,000
288,000
45,000
12,000
337,000
1,376,000 Total assets
1,376,000
Q.No.4
FINANCIAL STATEMENT ANALYSIS
(a) GIVEN At the end of year the following information was obtained from the accounting records
of Adnan Ltd.
Sales (all on account)
400,000
Cost of goods sold
240,000
Average inventory
60,000
Average accounts receivable
40,000
Interest expense
3,000
Income taxes
4,000
Net income for the year
18,000
average investment in assets
250,000
Average stockholders equity
200,000
Page 7

REQUIRED
On the basis of above information compute the following for the year:
(1) Inventory turnover
(2) Accounts receivable turnover
(3) Total operating expenses
(4) Gross profit percentage
(5) Return on average stockholders equity
(6) Return on average assets
(b) GIVEN Compute trend percentages for the following items taken from financial statements of
Modern Fixtures over a five year period. Treat 1998 as the base year. State whether the trends
are favourable or unfavourable.
2002
2001
2000
1999
1998
Sales
85,000
74,000
61,500
59,000
50,000
Cost of goods sold
58,500
46,600
40,500
36,000
30,000
SOLUTION 4 (a)
(1) Inventory Turnover:
Inventory turnover in times =
Inventory turnover in days =
Cost of goods sold

Average inventory
240,000
60,000
4 times
365
Inventory turnover in times
365
4
91 days
(2) Accounts Receivable Turnover:

Receivable turnover in times =
Net credit sales
Average receivable
400,000
40,000
10 times
Receivable turnover in days =
365
Receivable turnover in times
365
10
37 days
(3) Total Operating Expenses:
Sales
Less: Cost of goods sold
Gross profit
Less: Net income
Less: Income taxes
Less: Interest expenses
400,000
(240,000)
160,000
(18,000)
(4,000)
(3,000)
135,000
Page 8

(4) Gross Profit Percentage:
Gross profit percentage =
Gross profit percentage =
Rate of gross profit on sales =
Gross profit
Net sales
160,000
400,000
40%
X 100
X 100
(5) Return on Average Stockholders Equity:

Return on average stockholders equity =
Income before interest and tax
Average stockholders equity
25,000
200,000
12.5%
(6) Return on Average Assets:
Return on average assets =
Income before interest and tax
Average investment in assets
25,000
250,000
10%
X 100
X 100
X 100
X 100
SOLUTION 4 (b)
Year
2002
2001
2000
1999
1998
Sales
85,000
74,000
61,500
59,000
50,000
MODERN FIXTURES
TREND PERCENTAGE
(1998 BASE YEAR)
Percentage
85,000 / 50,000 x 100 =
74,000 / 50,000 x 100 =
61,500 / 50,000 x 100 =
59,000 / 50,000 x 100 =
50,000 / 50,000 x 100 =
170%
148%
123%
118%
100%
MODERN FIXTURES
TREND PERCENTAGE
(1998 BASE YEAR)
Year
Cost of Goods Sold
Percentage
2002
58,500
58,500 / 30,000 x 100 =
195%
2001
46,600
46,600 / 30,000 x 100 =
155%
2000
40,500
40,500 / 30,000 x 100 =
135%
1999
36,000
36,000 / 30,000 x 100 =
120%
1998
30,000
30,000 / 30,000 x 100 =
100%
Overall trend is unfavourable because sales are increasing less than the proportionate of cost of
goods sold. Sales increased by 70% in the year 2002 while cost of goods sold increased by 95% in the
year 2002 which is unfavourable.
Page 9

Q.No.5
CASH & FUND FLOW ANALYSIS

GIVEN The accounting records of Kashif Ltd. showed the following balances at the end of year
2001 and 2002:
Debit Balances
2002
2001
Cash
112,000
100,000
Accounts receivable
150,000
140,000
132,000
135,000
Equipment
60,000
40,000
Patents
20,000
25,000
Total
474,000
440,000
Credit Balance
2002
2001
Accounts payable
24,000
30,000
Allowance for bad debts
8,000
10,000
Accumulated depreciation (Equipment)
16,000
12,000
Bonds payable
100,000
120,000
Share capital (Paid up)
290,000
240,000
Retained earnings
36,000
28,000
Total
474,000
440,000
Additional Data:
(i) Fully depreciated equipment that cost Rs.10,000 was discarded and the related accounts closed.
(ii) Cash dividends of Rs.40,000 were declared and paid.
REQUIRED
(a) Compute the amount of cash generated by the operational activities of the company.
(b) Prepare cash flow statement for the year ended December 31, 2002.
(c) Assuming net purchases for the year 2002 to be Rs.175,000 compute the amount of cash
payments to supplier.
SOLUTION 5 (a)
KASHIF LTD.
STATEMENT OF NET INCOME
Retained earnings (2002)
36,000
Less: Retained earnings (2001)
(28,000)
Retained earnings for the period
8,000
Add: Dividends:
Cash dividend
40,000
Total dividends
40,000
Net profit
48,000
KASHIF LTD.
CASH GENERATED BY OPERATION
48,000
Net profit
Adjustments:
Depreciation expense (4,000 + 10,000)
Amortization of patents
Profit before changes in working capital
Less: Increase in accounts receivable (Net)
Add: Decrease in merchandise inventory
14,000
5,000
67,000
(12,000)
3,000
Page 10

Less: Decrease in accounts payable
Net cash generated by operation
(6,000)
52,000
SOLUTION 5 (b)
KASHIF LTD.
CASH FLOW STATEMENT
Cash Flow from Operating Activities:
Net profit
48,000
Adjustments:
Depreciation expense (4,000 + 10,000)
14,000
Amortization of patents
5,000
Bad debts expense
(2,000)
Profit before changes in working capital
65,000
Less: Increase in accounts receivable
(10,000)
Add: Decrease in merchandise inventory
3,000
Less: Decrease in accounts payable
(6,000)
Net cash flow from operating activities
52,000
Cash Flow from Investing Activities:
Purchase of equipment
(30,000)
Net cash flow from investing activities
(30,000)
Cash Flow from Financing Activities:
Issue of shares
50,000
Payment of bonds payable
(20,000)
Cash dividend paid
(40,000)
Net cash flow from financing activities
(10,000)
Net increase in cash and cash equivalents
12,000
Add: Opening cash and cash equivalents balance
100,000
Closing cash and cash equivalents balance
112,000
SOLUTION 5 (c)
Computation of Cash Payment to Supplier:
Accounts payable (beginning)
Add: Net purchases
Less: Accounts payable (ending)
Cash payment to supplier
30,000
175,000
205,000
(24,000)
181,000
Q.No.6 (a)
ACCOUNTING FOR VAT
(NOT INCLUDED IN THE NEW COURSE)
Q.No.6 (b)
INSTALLMENT SALES
GIVEN Ideal Sales Company sells goods on installment basis. Its balances on Dec. 31, 2001 were:
Installment accounts receivable
Rs.14,000
Unrealized gross profit
Rs.4,000
Summary of the transactions for the year 2002 is as follows:
(a) Installment sales Rs.49,000.
(b) Collection of installment of current year Rs.42,000.
Page 11

(c) Collection of installment of 2001 Rs.5,600.
(d) Cancellation of installment contract 2001 Rs.2,100.
(e) Repossessed goods valued at Rs.1,350.
In both years the goods have been sold at 40% above cost.
REQUIRED
(i) Entries to record the transactions for 2002.
(ii) Adjusting and closing entries for 2002.
(iii) Show how the relevant account will be reported in balance sheet on Dec. 31, 2002.
SOLUTION 6 (b)
Computation of Realized Gross Profit:
Realized gross profit =
Cash collection X DGP%
Realized gross profit (2002) =
42,000 x 40/140
Realized gross profit (2001) =
5,600 x 40/140
Total realized gross profit =
Computation of Cost of Installment Sales (2002):
Cost of installment sales (2002) =
Installment sales
140
49,000
140
35,000
Computation of Gain or Loss on Repossession:
Installment accounts receivable cancelled (2001)
Less: Unrealized gross profit (2,100 x 40/140)
Book value
Less: Merchandise repossessed at fair market value
Loss on repossession
Date
1
Date
1
IDEAL SALES COMPANY

GENERAL JOURNAL
Particulars
Installment accounts receivable (2002)
Installment sales
(To record the good sold on installment basis)
Cash
(To record the cash collected on installment basis)
IDEAL SALES COMPANY
ADJUSTING ENTRIES
Particulars
Cost of installment sales
Merchandise
(To record the cost of installment sales)
12,000
1,600
13,600
x 100
x 100
2,100
(600)
1,500
(1,350)
150
P/R
Debit
49,000
Credit
49,000
47,600
42,000
5,600
P/R
Debit
35,000
Credit
35,000
Page 12

Date
2
Date
1
Particulars
P/R
Installment sales
Cost of installment sales
Unrealized gross profit (2002)
(To adjust the unrealized gross profit)
Realized gross profit
(To adjust the realized gross profit)
Merchandise repossessed
(To adjust the repossession of merchandise)
IDEAL SALES COMPANY
CLOSING ENTRIES
Particulars
Expense and revenue summary
(To close the expense accounts)
Realized gross profit
Expense and revenue summary
(To close the income accounts)
Debit
49,000
Credit
35,000
14,000
12,000
1,600
13,600
1,350
600
150
2,100
P/R
Debit
150
Credit
150
13,600
13,600
Q.No.7
BRANCH ACCOUNTING
GIVEN The Nishat Corporation of Karachi sends merchandise to its branch at Lahore at 140% of
cost. The income statement data of the branch is as follows:
Merchandise inventory (Jan. 1, 2002) Rs.16,800.
Shipment from head office Rs.196,000.
Merchandise returned to head office Rs.11,200.
Sales (including cash sales of Rs.100,000 remitted to head office) Rs.230,000.
Salaries expenses (paid by head office) Rs.18,000.
Rent expenses Rs.2,000.
Merchandise inventory Dec. 31, 2002 Rs.22,400.
REQUIRED
(i) Branch income statement for the year ended Dec. 31, 2002.
(ii) Give all reciprocal entries in the head office books including adjusting entry to record profit from
overvaluation for 2002 and also pass the necessary closing entry.
Page 13

SOLUTION 7 (i)
NISHAT CORPORATION
LAHORE BRANCH
INCOME STATEMENT
Sales
Less: Cost of Goods Sold:
Merchandise inventory (beg)
Add: Merchandise supplied
230,000
16,800
196,000
212,800
(11,200)
201,600
(22,400)
Less: Merchandise returned

Merchandise available for sale
Less: Merchandise inventory (end)
Cost of goods sold
Gross profit
Less: Operating Expenses:
Salaries expense
Rent expense
Advertising expense
Net income
SOLUTION 7 (ii)
Computation of Allowance for Overvaluation:
Particulars
Merchandise inventory opening (16,800 x 40/140)
Add: Merchandise supplied (196,000 x 40/140)
Less: Merchandise returned (11,200 x 40/140)
Unadjusted allowance for overvaluation
Less: Merchandise inventory ending (22,400 x 40/140)
Adjusted allowance for overvaluation
Date
1
(179,200)
50,800
18,000
2,000
15,000
(20,000)
30,800
Billed
Cost
16,800
196,000
212,800
(11,200)
201,600
(22,400)
179,200
12,000
140,000
152,000
(8,000)
144,000
(16,000)
128,000
NISHAT CORPORATION
HEAD OFFICE
GENERAL JOURNAL
Particulars
Lahore branch
Merchandise supplied
Allowance for overvaluation
(To record the merchandise supplied to branch)
Merchandise supplied returned
Lahore branch
(To record the merchandise returned by branch)
Cash
Lahore branch
(To record the cash received from Lahore branch)
P/R
Allowance for
over valuation
4,800
56,000
60,800
(3,200)
57,600
(6,400)
51,200
Debit
196,000
Credit
140,000
56,000
8,000
3,200
11,200
100,000
100,000
Page 14

Date
4
Particulars
Lahore branch
Cash
(To record the branch salaries paid)
Lahore branch
(To record the net profit reported by branch)
(To adjust the allowance for overvaluation)
Retained earnings
(To close the profit and loss account)
Q.No.8
CONSIGNMENT
Q.No.9
ACCOUNTING FOR INCOMPLETE RECORDS

P/R
Debit
18,000
Credit
18,000
30,800
30,800
51,200
51,200
82,000
82,000
Page 15

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The workings under the heading of Additional Working

are not required according to the requirement of the examiner.

Compiled and Solved by:

Compiled & Solved by: S.Hussain

ADVANCED ACCOUNTING 2003

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

Payable to Yousuf Ltd.

COMPANY ACCOUNTING RECONSTRUCTION

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

500,000 Current Assets:

Compiled & Solved by: S.Hussain

Compiled & Solved by: S.Hussain

Compiled & Solved by: S.Hussain

Cost of goods sold

(2) Accounts Receivable Turnover:

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

(5) Return on Average Stockholders Equity:

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

CASH & FUND FLOW ANALYSIS

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

Compiled & Solved by: S.Hussain

IDEAL SALES COMPANY

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

Less: Merchandise returned

B.Com II Advanced Accounting 2003 (Regular / Private)

Compiled & Solved by: S.Hussain

ACCOUNTING FOR INCOMPLETE RECORDS

B.Com II Advanced Accounting 2003 (Regular / Private)

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