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ASSIGNMENT
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DRIVE
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Summer
2017
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PROGRAM
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Master
of Business Administration- MBA
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SEMESTER
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1
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SUBJECT
CODE & NAME
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MB0041-
FINANCIAL AND MANAGEMENT ACCOUNTING
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Q1.
·
Prepare Adjusted Trial Balance 10
Answer:-
LEDGER ACCOUNT
Dr
Cr
Particulars
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Rs
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Particulars
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Rs
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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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