READ THE PASSAGE AND ANSWER QUESTION 1

MIS You have an orgarization (org) named Kabir Singh Television" (great movie though!!!). The headquarter is at Gazipur Industrial Area, Block A, Gazipur, Dhaka. The orghastwo assembling factories. One is at Tejgaon Industrial Area, Dhaka, Bangladesh andanother one is at Hyderabad IT Park, India. Also, it has 4 warehouses. 2 locatedin Bangladesh andother 2 located in India. One warehouse in Bangladeshstores allraw material while another stores all finished goods. In India, the situation on warehouse is same as Bangladesh. There are 5 sales centers in Bangladesh and they are in- Gulshan 1-Dhaka, Kunil-Dhaka, Motijheel-Dhaka, Uttara-Dhaka and Lalkhan Bazar- Chittagong. There are 6 sales centers in India located at-Bandra-Bombay, New Market-Kolkata, Panaji-Goa, Agra, Noida-Meerut, and New Delhi city-New Delhi. Besides, In Bangladesh there are 2 service centers located at Tejgaon Industrial-Dhaka and Lalkhan Bazar-Chittagong. In India, 3 service centers are located at-Bandra-Bombay, New Market-Kolkata and New Delhi city-New Delhi./ List of products produced by both countries: 1. Model O 32" LED TV 2. Model O 32" LED Smart TV 3. Model D 43" LED Smart TV 4. Wolves 43" 4K UHD Smart TV 5. Wolves 65" 4K UHD Smart TV QUESTION- 1. Make a chart of account. Inclusion of general ledgers is upon you. Please do it carefully. Normally Debit Debit Debit Debit Debit Debit Credit Debit Debit Debit SAMPLE ANSWER Basically a random chart of account based on given Airtical Small Business Chart of Accounts Account Name Code Financial Statement Group Sub-Group 2. 3 Bank checking account 1000 Balance sheet Current assets Cash and cash equivalents 4 Bank savings account 1010 Balance sheet Current assets Cash and cash equivalents s Online savings account 1020 Balance sheet Current assets Cash and cash equivalents 6 Petty cash account 1030 Balance sheet Current assets Cash and cash equivalents 7 Paypal account 1040 Balance sheet Current assets Cash and cash equivalents 8 Accounts receivable 1200 Balance sheet Current assets Accounts receivable 9 Allowance for doubtful debts account 1210 Balance sheet Current assets Accounts receivable 10 Inventory 1400 Balance sheet Current assets Inventory 11 Prepayments 1600 Balance sheet Current assets Other current assets 12 Property 1800 Balance sheet Long term assets Property, plant and equipment 13 Property Depreciation 1810 Balance sheet Long term assets Property, plant and equipment 1820 Balance sheet Long term assets Property, plant and equipment 15 Plant depreciation 1830 Balance sheet Long term assets Property, plant and equipment 16 Equipment 1840 Balance sheet Long term assets Property, plant and equipment 17 Equipment depreciation 1850 Balance sheet Long term assets Property, plant and equipment 18 Accounts payable 2000 Balance sheet Current liabilities Accounts payable 19 Payroll payable 2200 Balance sheet Current liabilities Other current liabilities 20 Interest payable 2210 Balance sheet Current liabilities Other current liabilities 21 Accrued expenses 2220 Balance sheet Current liabilities Other current liabilities 22 Unearned revenue 2230 Balance sheet Current liabilities Other current liabilities 23 Sales Tax payable 2240 Balance sheet Current liabilities Other current liabilities 24 Purchase Tax payable 2250 Balance sheet Current liabilities Other current liabilities 25 Payroll tax payable 2260 Balance sheet Current liabilities Other current liabilities 26 Income tax payable 2270 Balance sheet Current liabilities Other current liabilities 27 Mortgage loan 2400 Balance sheet Long-term liabilities Mortgages 28 Other loans 2600 Balance sheet Long-term liabilities Loans 29 Owners contributions 3000 Balance sheet Equity Capital Credit Debit 14 Plant Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit MIS You have an orgarization (org) named Kabir Singh Television" (great movie though!!!). The headquarter is at Gazipur Industrial Area, Block A, Gazipur, Dhaka. The orghastwo assembling factories. One is at Tejgaon Industrial Area, Dhaka, Bangladesh andanother one is at Hyderabad IT Park, India. Also, it has 4 warehouses. 2 locatedin Bangladesh andother 2 located in India. One warehouse in Bangladeshstores allraw material while another stores all finished goods. In India, the situation on warehouse is same as Bangladesh. There are 5 sales centers in Bangladesh and they are in- Gulshan 1-Dhaka, Kunil-Dhaka, Motijheel-Dhaka, Uttara-Dhaka and Lalkhan Bazar- Chittagong. There are 6 sales centers in India located at-Bandra-Bombay, New Market-Kolkata, Panaji-Goa, Agra, Noida-Meerut, and New Delhi city-New Delhi. Besides, In Bangladesh there are 2 service centers located at Tejgaon Industrial-Dhaka and Lalkhan Bazar-Chittagong. In India, 3 service centers are located at-Bandra-Bombay, New Market-Kolkata and New Delhi city-New Delhi./ List of products produced by both countries: 1. Model O 32" LED TV 2. Model O 32" LED Smart TV 3. Model D 43" LED Smart TV 4. Wolves 43" 4K UHD Smart TV 5. Wolves 65" 4K UHD Smart TV QUESTION- 1. Make a chart of account. Inclusion of general ledgers is upon you. Please do it carefully. Normally Debit Debit Debit Debit Debit Debit Credit Debit Debit Debit SAMPLE ANSWER Basically a random chart of account based on given Airtical Small Business Chart of Accounts Account Name Code Financial Statement Group Sub-Group 2. 3 Bank checking account 1000 Balance sheet Current assets Cash and cash equivalents 4 Bank savings account 1010 Balance sheet Current assets Cash and cash equivalents s Online savings account 1020 Balance sheet Current assets Cash and cash equivalents 6 Petty cash account 1030 Balance sheet Current assets Cash and cash equivalents 7 Paypal account 1040 Balance sheet Current assets Cash and cash equivalents 8 Accounts receivable 1200 Balance sheet Current assets Accounts receivable 9 Allowance for doubtful debts account 1210 Balance sheet Current assets Accounts receivable 10 Inventory 1400 Balance sheet Current assets Inventory 11 Prepayments 1600 Balance sheet Current assets Other current assets 12 Property 1800 Balance sheet Long term assets Property, plant and equipment 13 Property Depreciation 1810 Balance sheet Long term assets Property, plant and equipment 1820 Balance sheet Long term assets Property, plant and equipment 15 Plant depreciation 1830 Balance sheet Long term assets Property, plant and equipment 16 Equipment 1840 Balance sheet Long term assets Property, plant and equipment 17 Equipment depreciation 1850 Balance sheet Long term assets Property, plant and equipment 18 Accounts payable 2000 Balance sheet Current liabilities Accounts payable 19 Payroll payable 2200 Balance sheet Current liabilities Other current liabilities 20 Interest payable 2210 Balance sheet Current liabilities Other current liabilities 21 Accrued expenses 2220 Balance sheet Current liabilities Other current liabilities 22 Unearned revenue 2230 Balance sheet Current liabilities Other current liabilities 23 Sales Tax payable 2240 Balance sheet Current liabilities Other current liabilities 24 Purchase Tax payable 2250 Balance sheet Current liabilities Other current liabilities 25 Payroll tax payable 2260 Balance sheet Current liabilities Other current liabilities 26 Income tax payable 2270 Balance sheet Current liabilities Other current liabilities 27 Mortgage loan 2400 Balance sheet Long-term liabilities Mortgages 28 Other loans 2600 Balance sheet Long-term liabilities Loans 29 Owners contributions 3000 Balance sheet Equity Capital Credit Debit 14 Plant Credit Debit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit Credit