Sunday, December 18, 2011

Re: [ vuZs.net ] MGT101

Actually I did nothing except reading that file 3 4 times :) Great Work . Keep it up

On Sun, Dec 18, 2011 at 8:26 PM, Misbah Yousuf <mc080404066@vu.edu.pk> wrote:
Thank you banjara bro for your  time and effort.

I got my mistake and corrected now.

1 - I was adding interest payable in income statement which should not be added. Its balance sheet item
2- I was subtracting supplies expense from supplies. Which was not to subtract. 

Now, Balance sheet is balanced. Find updated file in attachment.


On Sun, Dec 18, 2011 at 8:11 PM, Banjara <loveisluck2@gmail.com> wrote:
Yep difference is of 2k only

On Sun, Dec 18, 2011 at 7:53 PM, Misbah Yousuf <mc080404066@vu.edu.pk> wrote:
No bro ,it is long term liability. It will be included under the head "Long Term Liabilities".  

I think, I am calculating insurance expense or prepaid insurance incorrectly. Difference is of  2- 4K only.


On Sun, Dec 18, 2011 at 5:29 PM, Banjara <loveisluck2@gmail.com> wrote:
Please correct the date of notes payable its 6/30/15 in your file. if its payable in 30-june-2015 then I think it will not be considered in current year

On Sun, Dec 18, 2011 at 4:14 PM, Misbah Yousuf <mc080404066@vu.edu.pk> wrote:
 Balance sheet for year ending December 31, 2010 


On Sun, Dec 18, 2011 at 2:59 PM, Banjara <loveisluck2@gmail.com> wrote:
Please mention the date you are required to make the Balance Sheet on ? coz there is capital date mentioned and Note payable and Insurance have also got a date.

On Sat, Dec 17, 2011 at 10:25 AM, Misbah Yousuf <mc080404066@vu.edu.pk> wrote:
Please  find attachment and let me know where I went wrong. My balance sheet is not balanced. 

I have assembled all statements in this file. 

thanks


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Misbah Yousuf

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Misbah Yousuf

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Misbah Yousuf

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