Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Standard view
Full view
of .
Look up keyword
Like this
0 of .
Results for:
No results containing your search query
P. 1
Amity MBA 1 st Sem ASODL Accounting

Amity MBA 1 st Sem ASODL Accounting

Ratings: (0)|Views: 6,392|Likes:
Published by Bhavna Jain

More info:

Categories:Types, School Work
Published by: Bhavna Jain on Nov 08, 2010
Copyright:Attribution Non-commercial


Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less





AMITY SCHOOL OF DISTANCE LEARNINGPost Box No. 503, Sector-44Noida – 201303ACCOUNTING FOR MANAGERSAssignment AMarks 10Answer all questions.
l. (a) What do you understand by the concept of conservatism ? Why is it also called theconcept of prudence? Why is it not applied as strongly today as it used to be in the Past ?(b) What is a Balance Sheet ? How does a Funds Flow Statement differ from aBalanceSheet? Enumerate the items which are usually shown in a Balance Sheet and a FundsFlow Statement.2.(a)Discuss the importance of ratio analysis for inter-firm and intra-firm comparisonsincluding circumstances responsible for its limitations .If any(b) Why do you understand by the term ‘pay-out ratio’? What factors are taken intoconsideration while determining pay-out ratio? Should a company follow a fixedpay-out ratio policy? Discuss fully.3. From the ratios and other data given below for Bharat Auto Accessories Ltd. indicate your interpretation of the company’s financial position, operating efficiency and profitability.
 Year IYear IIYear III
Current Ratio265%278%302%Acid Test Ratio115%110%99%Working Capital Turnover (times)2.753.003.25Receivables Turnover9.838.417.20Average Collection Period (Days)374350Inventory to Working Capital95%100%110%Inventory Turnover (times) per Equity Share5.104.052.50Net Income to Net Worth11.07%8.5%7.0%Operating Expenses to Net Sales22%23%25%Sales increase during the year10%16%23%Cost of goods sold to Net Sales70%71%73%Dividend per shareRs. 3Rs. 3Rs. 3Fixed Assets to Net Worth16.4%18%22.7%Net Profit on Net Sales7.03%5.09%2.0%
4.Bose has supplied the following information about his business to Summary of  Cash  book for the year ended 31st March, 2004 is as follows :Assets and Liabilities On 1st April 2003(Rs.)On 31st March, 2004(Rs.)Sundry debtorsStockMachineryFurnitureSundry creditors1,81,0001,50,0002,50,00040,0001,10,0001,93,0001,40,000??1,25,000ReceiptsRs.PaymentsRs.To Opening balanceTo Cash salesTo Receipt from debtorsTo Misc. receiptsTo Loan from Dass @ 9%per annum (taken on 1.10.2003)5,00061,0007,53,0002,0001,00,000By Payments to creditorsBy wagesBy SalariesBy DrawingsBy Sunday office expensesBy Machinery purchased (on1.10.2003)By Closing balance3,50,0001,60,0001,50,00040,0001,10,00095,00016,0009,21,0009,21,000Discount allowed totaled Rs.7,000 and discount received was Rs.4,000. Bad debts writtenoff were Rs.8,000. Depreciation was written off on furniture @5% per annum and machinery @10%per annum under the straight line method of depreciation. The office expenses included Rs.5,000paid asinsurance premiumfor the year ending 30th June, 2004. Wages amounting to Rs.20,000 were still due on 31st March,2004.Prepare trading andprofit and loss account for the year ended 31sl March, 2004 and the balance sheet as on that date.5.What procedure would you adopt to study the liquidity of a business firm?Who are all the parties interested in knowing this accounting information?What ratio or other financial statement analysis technique will you adopt for this.
Assignment BMarks 10Answer all questions.
1.From the following particulars, determine the bank balance as per pass book of Priya &Co. as on 28th February 2008.a)Credit balance as per cash book on 28th February, 2008 was Rs. 15,000
Interest charged by the bank up to 28th February Rs. 500 was recorded in the passbook.c)Bank charges made by the bank Rs. 125 were also recorded only in the pass book.d)Out of the cheques of Rs. 25,000 paid into the bank, cheques of Rs. 18,750 werecleared and credited by the bankers.e)Two cheques of Rs. 7,500 and Rs. 15,000 were issued but out of them only onecheque of Rs. 7,500 was presented for payment upto 28th February.f)Dividends on shares Rs. 4,500 were collected by the bankers directly, for which Priya &Co. did not have any information.2. A company manufactures a single product in its factory utilizing 600% of its capacity. Theselling price and cost details are given below:Rs.Sales (6,000 units)5,40,000Direct materials96,000Direct labour1,20,000Direct expenses19,000Fixed overheads :Factory2,00,000Administration21,000Selling and Distribution25,00012.5% of factory overheads and 20% of selling and distribution overheads arevariable with production and sales. Administrative overheads are wholly fixed. Since theexisting product could not achieve budgeted level for two consecutive years, the Companydecides to introduce a new productwith marginal investment but largely using the existing plant and machinery.The cost estimates of the new product are as follows:Cost elementsRs. per unitDirect materials16.00Direct labour15.00Direct expenses1.50Variable factory overheads2.00Variable selling and distributionoverheads1.50It is expected that 2,000 units of the new product can be sold at a price of Rs. 60 per unit.The fixed factory overheads are expected to increase by 10%, while fixed selling anddistribution expenses will go up by Rs. 12,500 annually. Administrative overheads remainunchanged.

Activity (7)

You've already reviewed this. Edit your review.
BaqyaSiddiqui added this note
where am i gonna find answers for these questions?
1 thousand reads
1 hundred reads
Pervine Elashry liked this
Meena Prakash liked this
accord123 liked this

You're Reading a Free Preview

/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->