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[pic] THE UNIVERSITY OF FAISALABAD ASSIGNMENT : JOURNAL ENTRIES COURCE enrol : ACT-122 COURCE TITLE : FINANCIAL ACCOUNTING SEMESTER : M BE Ist CAMPUS : JINNAH COLONY FACULTY OF caution STUDIES SUBMITTED BY : SUBMITTED TO: ABRAR HUSSAIN OSAMA ANWAR LECTURER Accounting Assignment# 1 Deadline: 11/12/2012 British American Tobacco ar the manufacturers of finest cigarette in Pakistan. They demoralise tobacco plant from local farmers, sour it to grade cigarettes and sell it by their own distribution channel.

line accounting transactions took rank during the calendar month of November, 2012. The fellowship procured tobacco for $ 1,200,000 on 1st Novembers and the remuneration will be make next month. On fifth November, bust expense of occasion month was give in cash, worth $ 15,000. It shows that on 8th November, ships company sold it twain vehicles for 400,000. On 13th November, a payment of $ 5,000 was received from customers for the gross revenue of cigarettes that occurred in last month. The company took a bank 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 perish on investment in the bonds Engro Corporation was received in cash on twenty-sixth November for worth $ 83000. On twenty-ninth November, the company recorded entries for utilities $ 23000, rake $15000 and wages $ 35,000. On November 30th, the radical value of cigarettes sold for the month was 2,500,000 and 50%...If you want to farm a full essay, fix it on our website: Orderessay

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