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University of Barishal

Department of Computer Science and Engineering

1st Mid Exam

Course Title: Financial and Managerial Accounting (HUM-3109)

Semester: 5th | Session: None

Time: 60 minutes | Marks: N/A

Course Teacher: Sujon Chandra Paul

Exam Date: June 2, 2025

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1.

1) Jodi Salem opened a law office, on 1 July 2021. On July 3, the balance sheet showed cash tk. 5,000; Accounts receivable tk. 1,500; Supplies tk. 500; Equipment tk. 6,000; Accounts payable tk. 4,200; Owner's capital tk. 8,800. During the August, the following transactions occurred: August 1: Collected 1,200 as accounts receivable August 2: Paid 2,800 cash on accounts payable August 3: Earned revenue tk. 7,500 of which tk. 3,000 collected in cash and the balance due in September. August 4: Purchase additional office equipment for tk. 2,000 paying 400 cash and balance on account August 5: Paid salaries tk. 2,500; rent for August tk. 900 and advertising expense tk. 400. August 6: Withdraw tk. 700 in cash for personal use. August 7: Received tk. 2,000 from Standard Bank on a note payable August 8: Incurred utilities expense for the month on account tk. 270.

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0 Marks
a) Requirement: Prepare tabular analysis of the August transactions beginning with July 31 balances.

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5 Marks
b) Requirement: Prepare an income statement and owner's equity statement for the month of August and a Balance Sheet as at 30 August 2021.

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5 Marks
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Contributors of this Question:

Role Name Date
Prepared By (Teacher): Sujon Chandra Paul June 2, 2025
Uploaded By: Maria Islam March 6, 2025, 2:13 p.m.
Converted By (Img/PDF to Text): Md Rayhanul Islam Nov. 3, 2025, 12:14 p.m.
Reviewed By: Obaydul Hasan Nayeem Nov. 3, 2025, 1:34 p.m.
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