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mb0041 smu mba summer 2014 assignment

mb0041 smu mba summer 2014 assignment

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Published by Rahul Saini
smu mba/bba/bca/mca assignment Summer 2014 season, sem (I , II , III , IV) in only Rs 700/ sem ( 6 sub) or Rs 125/question paper.
You can pay in 6 installment of Rs 125-125 if u have any doubt.

For solution-
mail us on computeroperator4@gmail.com with your question subject code or question paper

if urgent then
Call us on 08273413412 , 08791490301 or

web- www.smuassignment.in
www.assignmenthelpforall.blogspot.in
smu mba/bba/bca/mca assignment Summer 2014 season, sem (I , II , III , IV) in only Rs 700/ sem ( 6 sub) or Rs 125/question paper.
You can pay in 6 installment of Rs 125-125 if u have any doubt.

For solution-
mail us on computeroperator4@gmail.com with your question subject code or question paper

if urgent then
Call us on 08273413412 , 08791490301 or

web- www.smuassignment.in
www.assignmenthelpforall.blogspot.in

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Categories:Types, School Work
Published by: Rahul Saini on Jul 29, 2014
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Get fully solved assignment, plz drop a mail with your sub code computeroperator4@gmail.com Charges rs 125/subject and rs 700/semester only. our website is www.smuassignment.in if urgent then call us on 08791490301, 08273413412
ASSIGNMENT DRIVE SUMMER 2014 PROGRAM MBADS / MBAHCSN3 / MBAN2 / PGDBAN2 / MBAFLEX SEMESTER I SUBJECT CODE & NAME MB0041 & FINANCIAL AND MANAGEMENT ACCOUNTING Note
 – 
Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q1. Inventory in a business is valued at the end of an accounting period, at either cost or market price, whichever is lower. This is accepted convention or a practice in accounting. Give a small introduction on accounting conventions and elucidate all the eight accounting conventions. (Introduction of accounting convention, Explanation of all the 8 types of conventions) 2, 8 Answer: Accounting Conventions
Accounting conventions are the rules based on which accounting takes place and these rules are universally accepted. There are many types of accounting conventions, namely convention of income recognition, convention of expense, convention of matching cost and revenue, convention of historical cost, convention of full disclosure, convention of double aspect, convention of modifying, convention of materiality, convention of consistency, and convention of
Q2. Write down a table with the accounts involved / the nature of account/its affects/ debit or credit. Please have the transactions given below and prepare the table as per the instructions given above for each transaction. a. 1.1.2011 Sunitha started his business with cash Rs. 5,00,000 b. 2.1.2011 Borrowed from Malathi Rs. 5,00,000 c. 2.1.2011 Purchased furniture Rs. 1,00,000 d. 4.1.2011 Purchased furniture from Meenal on credit Rs. 1,50,000 e. 5.1.2011 Purchased goods for cash Rs. 50,000 f. 6.1.2011 Purchased goods from Ram on credit Rs. 2,50,000 g. 8.1.2011 Sold goods for cash Rs. 1,25,000 h. 8.1.2011 Sold goods to Shyam on credit Rs. 55,000 i. 9.1.2011 Received cash from Shyam Rs. 25,000  j. 10.1.2011 Paid cash to Ram Rs. 90,000 (Filling in all the details in the table for all the transactions. Each transaction carries one mark (1*10=10) Answer: Sl.
 
Accounts
 
Nature of 
 
Affects
 
Debit/
 
No.
 
Involved
 
Account
 
Credit
 a Cash a/c Real Cash is coming in Debit Capital a/c Personal Sunita is the giver Credit
 
 
Get fully solved assignment, plz drop a mail with your sub code computeroperator4@gmail.com Charges rs 125/subject and rs 700/semester only. our website is www.smuassignment.in if urgent then call us on 08791490301, 08273413412
Q3. The following items are found in the trial balance of M/s Sharada Enterprise on 31st December, 2000. 10 marks Summer 2013 Sundry Debtors Rs.160000 Bad Debts written off Rs 9000 Discount allowed to Debtors Rs. 1800 Reserve for Bad and doubtful Debts 31-12-1999 Rs. 16500 Reserve for discount on Debtors 31-12-1999 Rs. 3200 You are required to provide the bad and doubtful debts at 5% and for discount on debtors at 2%. Show the adjustments for bad debts, bad debts reserve, discount account, and provision for discount on debtors. Answer. Solution: Date
 
Particulars
 
LF
 
Debit
 
Credit
 
Rs.
 
Rs.
 2000 Dec, RBD account Dr 31
st
 To Bad Debts account 9000 (Being bad debts written off against existing RBD) 9000
Q4. The reports prepared in financial accounting are also used in the management accounting. But there are few major differences between financial accounting and management accounting.Explain the differences between financial accounting and management accounting in various dimensions. (Writing down all the differences between the financial and management accounting) Answer: Dimension
 
Financial accounting
 
Management accounting
 Users The primary users of financial The primary users of accounting information are management accounting are external users like shareholders, internal users like top, middle, creditors, government authorities, and lower level managers. employees, etc.
 
 
Q5 Draw the Balance Sheet for the following information provided by Sandeep Ltd.. a. Current Ratio : 2.50 b. Liquidity Ratio : 1.50 c. Net Working Capital : Rs.300000 d. Stock Turnover Ratio : 6 times e. Ratio of Gross Profit to Sales : 20% f. Fixed Asset Turnover Ratio : 2 times g. Average Debt collection period : 2 months h. Fixed Assets to Net Worth : 0.80 i. Reserve and Surplus to Capital : 0.50 (Preparation of Balance sheet (Includes all the ratios) 10 Solution: The Balance Sheet is given below:
Liabilities Rs. Assets Rs. Captal 500000 Fixed Assets 600000 Reserves and Surplus 250000 Inventories 200000 Long-term Debt 150000 Debtors 250000
Q6. Write the main differences between cash flow analysis and fund flow analysis. Following is the balance sheet for the period ending 31st March
2011 and 2012. If the current year’s net loss is
Rs.38,000, Calculate the cash flow from operating activities. (Differences between cash flow and fund flow analysis, Preparation of statement showing cash flow from operating activities) 4, 6 Difference between Funds Flow Statement and Cash Flow Statement
 
Basis of Difference
 
Funds Flow Statement
 
Cash Flow Statement
 
1. Basis of Analysis
 Funds flow statement is based on  broader concept i.e. working capital. Cash flow statement is based on narrow concept i.e. cash, which is only one of the elements of working capital.
Get fully solved assignment, plz drop a mail with your sub code computeroperator4@gmail.com Charges rs 125/subject and rs 700/semester only. our website is www.smuassignment.in if urgent then call us on 08791490301, 08273413412

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