Tuesday 24 October 2017

mb0041 smu mba summer 2017 (oct/nov 2017 exam) Ist sem assignment

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ASSIGNMENT


DRIVE
Summer 2017


PROGRAM
Master of Business Administration- MBA


SEMESTER
1


SUBJECT CODE & NAME
MB0041- FINANCIAL AND MANAGEMENT ACCOUNTING










Q1.
·         Prepare Adjusted Trial Balance 10

Answer:-            
LEDGER ACCOUNT
Dr                                                                                                                                             Cr
Particulars
Rs
Particulars
Rs

Q2. Calculate Creditor’s Turnover Ratio & Creditors’ Velocity from the data given below:
Total Purchase Rs 150000
Cash Purchases Rs 25000
Discount Provision on Creditors Rs 1000
Bills Payable at close Rs 25000
Creditors at close Rs 30000
Purchase returns Rs 2000
A 1. Creditor’s Turnover Ratio 5 10 2.
Creditors’ Velocity 5

Ans 2.
Credit 


Q.3

Ans 3 solution
            The following income statement has been prepared for sales at different capacities unit process

Q.4
Fixed Overheads Rs 150000, variable cost per unit Rs 3, selling Rs 25. If the company is earning a profit of Rs 450000 express the Margin of Safety (MOS) available also Calculate the BEP (Break Even Point)

A 1. Calculate BEP 5

Q.5          



Ans: 5

q.6
Rectify the following errors:
 1. A cash sale of Rs 425 to Mita posted as Rs 42
2. Salaries Rs 400 posted to salaries account as Rs 450
3. Purchases from Lata Credited to her account as Rs 200
4. Sale made to Krishna Rs 5000 is transferred to the credit Side of Krishna;s Account in the ledger A Rectify the errors (4x2.5)
1.    suspense a/c     dr    383
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