Financial and Management Accounting Free Essays

Fall 2012 Master of Business Administration-MBA Semester 1 MB0041 †Financial And Management Accounting †4 Credits (Book ID: B1624) Assignment Set †1 (60 Marks) Note: Each question conveys 10 Marks. Answer all the inquiries. 1. We will compose a custom paper test on Monetary and Management Accounting or on the other hand any comparative subject just for you Request Now Clarify the procedure associated with bookkeeping. 2. The compensations paid in 2004 is Rs. 5,00,000; Salaries extraordinary is Rs. 20,000; Salaries paid ahead of time for 2004 is Rs. 30,000. What is the genuine pay consumption for 2004? Which bookkeeping rule is engaged with this and clarify that standard. 3. Discover the estimation of the accompanying: a. On the off chance that the absolute resources are Rs. 87,000 and the liabilities are Rs. 47,000, discover the measure of capital. b. On the off chance that the capital of owner is Rs. 4,00,000 and the all out resources are Rs. 6,00,000, what is the measure of liabilities to pariahs? c. In the event that loan bosses are Rs. 56,000, bank overdraft is Rs. 1,00,000, and remarkable costs are Rs. 8,000, what is the aggregate sum of advantages? d. Fixed resources are Rs. 70,000 and current resources are Rs. 1,00,000 and the leasers are Rs. 30,000. What is capital? 4. Enter the accompanying exchanges in the single segment money book of Gopichand. Walk, 2003 first. Started business with money 20000 second. Purchased merchandise for money 5000 third. Sold merchandise for money 4000 fourth. Merchandise bought from Ravi Kumar 10000 tenth. Paid to Ravi Kumar 7000 fourteenth. Money deals 8000 eighteenth. Bought furniture for office 4000 22nd. Paid wages 500 Fall 2012 25th. Paid lease 600 30th. Gotten commission 4000 30th. Pulled back for individual reason 1000 Cash balance 170000 Hint: Goods Purchased from Ravi Kumar is a credit buy. 5. Discover the missing figures. Office writing material 5000 Purchased during the year Closing stock 8000 25000 ? 3000 Opening stock Consumables 6000 ? 24000 Consumed for the year ? Insight : Office writing material devoured for the year =27000 Consumables bought during the year = 22000 6. Clarify the devices of the board bookkeeping. Ace of Business Administration-MBA Semester 1 Fall 2012 MB0041 †Financial and Management Accounting-4 Credits (Book ID: B1624) Assignment Set †2 (60 Marks) Note: Each question conveys 10 Marks. Answer all the inquiries. 1. Register pattern proportions and remark on the monetary presentation of Infosys Technologies Ltd. from the accompanying concentrate of its salary proclamations of five years. in Rs. Crore) Particulars 2010-11 2009-10 2008-09 2007-08 2006-07 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 normal exercises 6,835 6,218 5,988 4,659 3,856 Revenue (Source: Infosys Technologies Ltd. †Annual Report) Hint: The Revenue and Operating Profit (PBIDT) have nearly multiplied in four years. The PAT from common exerc ises has expanded by 77. 26% in a similar period. 2. What is finance stream investigation? What are the destinations of investigating stream of store? From the accompanying accounting reports of Joy Ltd. set up an income articulation under circuitous technique. Liabilities 2005 2006 Equity share capital 3,00,000 4,00,000 8% redeemable pref. share capital 1,50,000 1,00,000 General hold 40,000 70,000 Profit and misfortune 30,000 48,000 Proposed profit 42,000 50,000 Sundry leasers 55,000 83,000 Bills payable 20,000 16,000 Provision for tax collection 40,000 50,000 6,77,000 8,17,000 Goodwill 1,15,000 90,000 Land and building 2,00,000 1,70,000 80,000 2,00,000 1,60,000 2,00,000 Stock 77,000 1,09,000 Bills receivable 20,000 30,000 Total Assets Plant Sundry borrowers Fall 2012 Cash 15,000 10,000 Bank 10,000 8,000 Total 6,77,000 8,17,000 Additional Information a) Depreciation of Rs. 10,000 and Rs. 20,000 has been changed on plant and working during the present year. b) An interval profit of Rs. 20,000 has been paid during the present year. c) Rs. 35,000 was paid during the present year for annual assessment. Insight: Cash stream from working exercises Rs. 1,25,000; Cash stream from contributing exercises (Rs. 1,20,000); Cash stream from financing exercises (Rs. 12,000). 3. Figure the expense of crude materials bought from the accompanying information: Opening supply of crude materials Rs. 10,000 Shutting supply of crude materials Rs. 15,000 Expenses on buys Rs. 5,000 Direct wages Rs. 50, 000 Prime costs Rs. 1, 00,000 Hint: Cost of Raw Materials bought is Rs. 50,000 4. Recognize retention costing and peripheral costing 5. The Anchor Company Ltd. creates the majority of its electrical parts in its own plant. The organization is at present thinking about the possibility of purchasing a section from an outside provider for Rs. 4. 50 for every part. In the event that this is done, month to month expenses would increment by Rs. 1,000. The part viable is made in division 1 alongside various different parts. By virtue of ending the creation of this part, division 1 would have to some degree decreased activities. The normal month to month utilization creation of this part is 20,000 units. The expenses of delivering this part on per unit premise are as per the following. Material Rs. 1. 80 Labor (half-hour) 2. 40 Fixed overheads 0. 80 Total costs 5. 00 Should the organization produce this part or would it be a good idea for it to purchase from an outside provider? Fall 2012 Hint: Differential costs 7,000 every month Favoring creation of the parts 6. Clarify the fundamental highlights of budgetary control. 0. 35 er unit Step by step instructions to refer to Financial and Management Accounting, Essay models