MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING Spring 2015 -16
ASSIGNMENT
| DRIVE | SPRING 2015 |
| PROGRAM | MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2 |
| SEMESTER | 1 |
| SUBJECT CODE & NAME | MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING |
| BK ID | B1624 |
| CREDITS | 4 |
| MARKS | 60 |
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.
SMU MBA SPRING 2015-2016 solved Assignments are available now. (10 years of Excellency)
Submission date is 30-06-2015 23:59:59
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| Q.No | Questions | Marks | Total Marks | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 1 | Analyze the following transaction under traditional approach.
18.1.2011 Received a cheque from a customer, Sanjay at 5 p.m. Rs.20,000 19.1.2011 Paid Ramu by cheque Rs.1,50,000 20.1.2011 Paid salary Rs. 30,000 20.1.2011 Paid rent by cheque Rs. 8,000 21.1.2011 Goods withdrawn for personal use Rs. 5,000 25.1.2011 Paid an advance to suppliers of goods Rs. 1,00,000 26.1.2011 Received an advance from customers Rs. 3,00,000 31.1.2011 Paid interest on loan Rs. 5,000 31.1.2011 Paid instalment of loan Rs. 25,000 31.1.2011 Interest allowed by bank Rs. 8,000 |
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| Analysis of transaction –with accounts involved-nature of account- affects and debit/credit | 10 | 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2 | The trial balance of Nilgiris Co Ltd., as taken on 31st December, 2002 did not tally and
the difference was carried to suspense account. The following errors were detected subsequently. a) Sales book total for November was under cast by Rs. 1200. b) Purchase of new equipment costing Rs. 9475 has been posted to Purchases a/c. c) Discount received Rs.1250 and discount allowed Rs. 850 in September 2002 have been posted to wrong sides of discount account. d) A cheque received from Mr. Longford for Rs. 1500 for goods sold to him on credit earlier, though entered correctly in the cash book has been posted in his account as |
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Rs. 1050.
e) Stocks worth Rs. 255 taken for use by Mr Dayananda, the Managing Director, have been entered in sales day book. f) While carrying forward, the total in Returns Inwards Book has been taken as Rs. 674 instead of Rs. 647. g) An amount paid to cashier, Mr. Ramachandra, Rs. 775 as salary for the month of November has been debited to his personal account as Rs. 757. Pass journal entries and draw up the suspense account. |
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| Journal entries of all the transactions Suspense account with Conclusion | 6
4 |
Dill 10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 3 | From the given trial balance draft an Adjusted Trial Balance.
Trial Balance as on 31.03.2011
Adjustments:
1. Charge depreciation at 10% on Buildings and Furniture and fittings. 2. Write off further bad debts 1000 3. Taxes and Insurance prepaid 2000 4. Outstanding salaries 5000 5. Commission received in advance1000 |
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| Preparation of ledger accounts Preparation of trial balance | 6
4 |
10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Particulars | 2010-11 | 2009-10 | 2008-09 | 2007-08 | 2006-07 |
| Revenue | 27,501 | 22,742 | 21,693 | 16,692 | 13,893 |
| Operating Profit (PBIDT) | 8,968 | 7,861 | 7,195 | 5,238 | 4,391 |
| PAT from ordinary activities | 6,835 | 6,218 | 5,988 | 4,659 | 3,856 |
SMU MBA SPRING 2015-2016 solved Assignments are available now. (10 years of Excellency)
Submission date is 30-06-2015 23:59:59
Dear Students,
SMU MBA SPRING 2015 Assignments are available. For Booking, Kindly email us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “Email ID” to our mobile number.
Online Purchase Link : http://smumbaassignments.com/onlineshop
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