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[pic] THE UNIVERSITY OF FAISALABAD ASSIGNMENT : JOURNAL ENTRIES COURCE CODE : ACT-122 COURCE TITLE : FINANCIAL write up 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 British American To bacco ar the manufacturers of finest cigarette in Pakistan. They buy tobacco from local farmers, mould it to make cigarettes and trade it through their own distribution channel.

by-line accounting minutes 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 interchange it two vehicles for 400,000. On 13th November, a payment of $ 5, 000 was authentic from customers for the sa! les of cigarettes that occurred in last month. The company took a camber loan on 17th November to purchase machinery for worth $ 50,000,000. An interim dividend of $ 8000 is paid in cash on 21st November. A return on investment in the bonds Engro Corporation was current in cash on twenty-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 deficiency to get a full essay, install it on our website: OrderCustomPaper.com

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