GDB_MGT101_Spring2012

[athar1984]

Semester “Spring 2012”
“Financial Accounting (MGT101)”

This is to inform that Graded Discussion Board (GDB)

has been opened according to the following schedule.

Schedule
Opening Date and Time
April 25, 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time
April 27, 2011 At 11:59 P.M. (Mid-Night)
Note: No extra or bonus/grace period is available for attempting GBD.
“Discussion Question”
“ABC Company has expanded its operations and purchased some furniture for its recently rented show room situated in north of the city, which is expected to have useful life of five years. During the same year the company purchased furniture and other home accessories from renowned designers and sold it to customers from its show room.
You are required to identify the account heads in which the above purchases of furniture will be recorded and why? You need to give valid reasons to support your answer.”
Note: Your comments should not exceed 6-8 lines