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BBA 1102: OCT L1W1

Q1: Define asset in your own words and provide one example of asset you have. Why do you think this is
your asset?

Q2: Galasia is a hotel chain. They have a resort in Coxs bazaar and you are the accountant of the resort. In
your record you have the following different items for the resort:
1.
4.
7.
10.

Building
Salary Expense
Room Rental
Advertisement

2.
5.
8.
11.

Loan
Land
Capital
Furniture

3.
6.
9.
12.

Cash
Accounts payable
Interest from bank deposits
Utility bills

Now, you have to identify under which category the items belongs to [follow the example given for the first
two cases].

ASSETS

LIABILITY

INCOME

EXPENSE

For the given events identify which of the above items will change and also show the direction of change
[follow the example completed for the first case]:
EVENT 1: Took Tk. 50 lacs from the owner to start the business.
Item 1

Change Direction

Item 2

Change Direction

Item 2

Change Direction

EVENT 2: Received Tk. 12,000 from the guests as room rental.

Item 1

Change Direction

EVENT 3: Paid salaries to the employees for the month Tk. 25,000.
Item 1

Change Direction

Item 2

Change Direction

Item 2

Change Direction

Item 2

Change Direction

EVENT 4: Took a loan from the bank Tk. 25 lacs.

Item 1

Change Direction

EVENT 5: Purchase furniture for cash Tk. 2 lacs.

Item 1

Change Direction

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