About MGT101 Assignment 1
MGT101 Assignment No 1 for Fall 2026 is from Financial Accounting. It covers lesson 5: Module # 5: Main Ledger / General Ledger / Nominal Ledger (Book of secondary entries) and Trial Balance( Topic #047 - 57), carries 12 marks and is due on VULMS by 11:59 pm on Tuesday 10 November 2026. You can request the solution from this page.
- Course
- MGT101 Financial Accounting
- Assignment
- Assignment No 1
- Semester
- Fall 2026
- Lesson
- 5: Module # 5: Main Ledger / General Ledger / Nominal Ledger (Book of secondary entries) and Trial Balance( Topic #047 - 57)
- Total marks
- 12
- End date
- Tue 10 Nov, 11:59 pm
What MGT101 Assignment 1 asks
This assignment requires calculating the ending balances for specific accounts of Malik Brothers Business for July 2026. Students must analyze a provided list of initial balances and a series of business transactions occurring throughout the month. The final output must strictly follow a prescribed calculation format that explicitly includes addition and subtraction signs. No complete accounting equation is required for this task.
-
1
Accounts receivable
Calculate the final balance for the Accounts receivable account based on the provided July 2026 transactions. You must show the working by clearly indicating all additions and subtractions using the plus (+) or minus (-) signs.
-
2
Accounts payable
Determine the ending balance for the Accounts payable account by processing the relevant transactions from the list. Ensure the calculation clearly displays the required mathematical operators for every step.
-
3
Total liabilities
Calculate the total liabilities balance at the end of July 2026. You must incorporate all applicable liability-related transactions and present the working with mandatory plus (+) and minus (-) signs.
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4
Stock/Inventory
Compute the final balance for the Stock/Inventory account using the provided transaction data. The working must strictly adhere to the sample solution format, including clear identification of all additions and subtractions.
- Topics covered
- Financial accounting Account balances Business transactions Accounts receivable Accounts payable Inventory management Liability calculation
A summary of the assignment file, Fall 2026_MGT101_1.pdf. Download the file for the full wording before you start.
Lesson covered
The questions in this assignment come from this lesson. Read it in the MGT101 handout before you open the assignment file, then practise it with the MCQs and past papers.
Solution
The solution has not been added yet. Request it from the download box and it will be added to this page, usually within a day.
Before you submit on VULMS
- 1 Start on the questions in the assignment file now. The solution will be added to this page once it is written.
- 2 Write the final answer in your own words. VU checks assignments for copying, and copied work gets zero marks.
- 3 Save your answer in the file type the assignment file asks for, and name it with your student ID, for example BC260012345.
- 4 Open the file once more to check it is not empty or corrupted, then upload it on VULMS before 11:59 pm on Tue 10 Nov.
Questions about this assignment
When is MGT101 Assignment 1 due?
Tuesday 10 November 2026 at 11:59 pm. VULMS does not accept files after the deadline.
When will the solution be added?
Most solutions are up within a day of a request. Requests tell us which ones to write first, and 0 students have asked for this one so far.
Can I submit the solution as it is?
No. VU checks assignments for copying, and copied work gets zero marks. Use the solution to check your method, then write your own answer.
What file do I submit?
The assignment file says which file type to upload and lists any extra instructions from your instructor. Name the file with your student ID before you upload it on VULMS.