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

by-line accounting proceedings took place during the month of November, 2012. The fellowship purchased tobacco for $ 1,200,000 on initiatory Novembers and the payment will be make next month. On 5th November, bust expense of former month was compensable in cash, worth $ 15,000. It shows that on eighth November, company change it two vehicles for 400,000. On 13th November, a payment of $ 5,000 was acquire from customers for the! sales of cigarettes that occurred in last month. The company took a confide loan on 17th November to purchase machinery for worth $ 50,000,000. An meanwhile dividend of $ 8000 is paid in cash on 21st November. A return on investment in the bonds Engro Corporation was authoritative 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 require to get a full essay, install it on our website: OrderCustomPaper.com

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