Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject
if urgent then
call us on 08791490301, 08273413412
DRIVE FALL 2016
PROGRAM MBA
SEMESTER I
SSUBJECT
CODE & MBA104
NAME FINANCIAL AND MANAGEMENT ACCOUNTING
1. Based on the following
information prepare the Balance Sheet of Star Enterprises Ltd. as on 31st March
2016. Show workings and assumptions, if any.
|
Current Ratio
|
2.5
|
|
Liquidity Ratio
|
1.5
|
|
Net working Capital
|
Rs. 6,00,000
|
|
Inventory turnover Ratio
|
5
|
|
Ratio of gross profit to Sales
|
20 %
|
|
Turnover Ratio to net fixed assets
|
2
|
|
Average Debt collection period
|
2.4 months
|
|
Fixed Assets to net worth
|
0.8
|
|
Long term debt to capital and reserve
|
7/25
|
Based on the above information
prepare the Balance Sheet of Star Enterprises Ltd. as on 31st March 2016. Show
workings and assumptions, if any.
Answer: Balance
Sheet of Star Enterprises Ltd. as on 31st March 2016
|
Liabilities
|
Amount
|
Assets
|
Amount
|
Q2.
Explain Balance Scorecard. Give an illustration of Balance Score Card.
Explain
Balance Scorecard
Give
an illustration of Balance Score Card
Answer:
A balanced scorecard is a
performance metric used instrategic management to identify and improve various internal
functions of a business and their resulting external outcomes. It is used to
measure and provide feedback to organizations. Data collection is crucial to
providing
Q3.
From the following Balance Sheet of ABC Ltd. as on 31. 03. 2015 and 31. 03. 2016,
prepare
Cash
Flow Statement as per AS-3 using the Indirect method:
|
Liabilities
|
31.03.2015
|
31.03.2016
|
|
Capital
|
50,00,000
|
50,00,000
|
|
Retained
Earnings
|
26,50,000
|
36,90,000
|
|
Debentures
|
-
|
9,00,000
|
|
Current
liabilities
|
|
|
|
Creditors
|
8,80,000
|
8,20,000
|
|
Bank loan
|
1,50,000
|
3,00,000
|
|
Liability for
Expenses
|
3,30,000
|
2,70,000
|
|
Dividend
Payable
|
1,50,000
|
3,00,000
|
|
|
91,60,000
|
1,12,80,000
|
|
Assets
|
|
|
|
Plant and
Machinery
|
27,30,000
|
40,70,000
|
|
Less :
Depreciation
|
6,10,000
|
7,90,000
|
|
|
21,20,000
|
32,80,000
|
|
Current Assets
|
|
|
|
Debtors
|
23,90,000
|
28,30,000
|
|
Less:
Provision
|
1,50,000
|
1,90,000
|
|
|
22,40,000
|
26,40,000
|
|
Cash
|
15,20,000
|
18,20,000
|
|
Marketable
Securities
|
11,80,000
|
15,00,000
|
|
Inventories
|
20,10,000
|
19,20,000
|
|
Prepaid
Expenses
|
90,000
|
1,20,000
|
|
|
91,60,000
|
1,12,80,000
|
Additional
Information:
1. Net profit for the year ended 31.03.2016,
after charging depreciation Rs. 1,80,000 is
Rs.
22,40,000.
2. Debtors of Rs. 2,30,000 were determined
to be worthless and were written off against the provisions for doubtful debts
account during the year.
3. ABC Ltd. declared dividend Rs. 12,00,000
for the year 2015-16.
(From
the above Balance Sheet of ABC Ltd. as on 31.
03. 2015 and 31.
03. 2016, prepare
Cash Flow Statement as per AS-3
using the Indirect method.)
Solution:
ABC Ltd.
Cash Flow Statement for the year
ended 31 march 2016
Particulars rs
rs
Cash flow from operating activities
Net profit
22,40,000
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject
if urgent then
call us on 08791490301, 08273413412
No comments:
Post a Comment