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Assignment

MBA I SEM (SEC-A)


Accounting For Manager
Note All Questions are compulsory
15*6=90
Q 1 Write short note on
a)Going concern concept b)Conservatism c) Dual aspect concept
d) cost concept
e)Business entity concept
Q2
Explain briefly the principle of double entry
Q 3 Trial balance is a conclusive proof of accuracy of account comment
Q 4 write difference between journal and ledger
Q 5 What is fund from operation how it is calculated
Q 6 Explain the following
a) Debtor
b)Creditor
c) Capital
d) Expenditure
Q 7 Explain financial accounting with its objective and characteristic
Q 8 What do you mean by financial analysis explain technique of financial analysis
Q 9 Explain significance of financial accounting and accounting principles
Q 10 What do you understand by ratio analysis.what ratio would you like to compute to show profitability,
liquidity and solvency of firm
Q 11 .Explain depreciation and their methods with example.
Q 12 prepare a format of profit and loss account and balance sheet with the help of imaginary figure
Q 13. Following are the summaries of the balance sheet of ram Ltd as at 31 dec
2007 and 2008
Liabilities
2007
2008
Asset
2007
2008
Share capital 200000
250000
land &building 200000 190000
General reserve 50000 60000
plant
150000 174000
P&l account
30500 30600
stock
100000 74000
Bank loan(ST) 70000
debtor
80000
64200
Creditors
150000 135200
cash
500
600
Provision for tax 30000 35000
bank
8000
530500 510800
530500 510800
Additional Information
Depreciation was written off plant Rs 14000 in 2008
Dividend of Rs 20000 was paid during 2008
income tax provision made during year was 25000
A piece of land has been sold during the year at cost
Prepare fund flow statement

Q 14 Prepare the trading and profit and loss account for the year ended 31 march 2015and balance sheet after
taking of following adjustment
Stock
25000
Sales
2,27,800
Furniture
8000
commission
500
Plant and machinery 1,40,000
Return outward
1000
Addition to plant and machinery(1.10.14)10000
Creditors
40000
Debtors
30000
Capital
1,50,000
Wages 12000
Salaries 20000
Bad debts 1000
Purchase 120000
Electricity charges 1200
Telephone exp 2400
General exp
3000
Postage and telegram 1800
Return inward
900
Insurance premium 1500
Cash in hand
2500
Cash at bank
40000
Total
4,19,300
4,19,300
Following adjustment
Closing stock 7000
Outstanding wages 600 and salaries 1400
A) Depreciation is to be provided @5 % p.a,on all fixed asset
B) Insurance premium paid in advance 200
Q 15 Journalize the following transaction and Prepare Ledger for the above journal entries
2013
April 1
April 2
April 3
April 4
April 13
April 20
April 24
April 28
April 30

Sohan started business with cash


paid into bank
Bought goods for cash
Drew cash from bank for office
Sold goods to Krishna
Bought goods from shyam
purchased goods from varun
returned goods to varun
Paid cash to varun in full settlement of their
Account after deducting 10% cash discount
April 30 Paid salary to ram

1, 00,000
70,000
5,000
1,000
1,500
2,250
15,000
4,000

3,000

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