Financial and Management Accounting

decline 2012 exceed of chore Administration- MBA Semester 1 MB0041 Financial And Management Accounting 4 impute (Book ID B1624) appellation Set 1 (60 Marks) Note Each question carries 10 Marks. serve all the questions. 1. explain the process involved in accounting. 2. The salaries paid in 2004 is Rs. 5,00,000 Salaries outstanding is Rs. 20,000 Salaries paid in advance for 2004 is Rs. 30,000. What is the actual salary intake for 2004? Which accounting principle is involved in this and explain that principle. 3. Find the cherish of the following a.If the total assets are Rs. 87,000 and the liabilities are Rs. 47,000, find out the centre of capital. b. If the capital of proprietor is Rs. 4,00,000 and the total assets are Rs. 6,00,000, what is the amount of liabilities to outsiders? c. If creditors are Rs. 56,000, desire overdraft is Rs. 1,00,000, and outstanding expenses are Rs. 8,000, what is the total amount of assets? d. Fixed assets are Rs. 70,000 and veritable assets are Rs. 1,00,000 and the creditors are Rs. 30,000. What is capital? 4. Enter the following transactions in the single column immediate payment book of Gopichand.March, 2003 1st. Commenced business with cash 20000 2nd. Bought goods for cash 5000 3rd. Sold goods for cash 4000 4th. Goods purchased from Ravi Kumar 10000 10th. Paid to Ravi Kumar 7000 14th. silver sales 8000 18th. Purchased furniture for office 4000 22nd. Paid proceeds 500 Fall 2012 25th. Paid lock 600 30th. Received commission 4000 30th. Withdrew for personal purpose 1000 Cash residual 170000 hint Goods Purchased from Ravi Kumar is a credit purchase. 5. Find out the missing figures. world power stationery 5000 Purchased during the year Closing stock 8000 25000 ? 3000 gap stockConsumables 6000 ? 24000 Consumed for the year ? Hint Office stationery consumed for the year =27000 Consumables purchased during the year = 22000 6. Explain the tools of management accounting. Master of Business Administration- MBA Semes ter 1 Fall 2012 MB0041 Financial and Management Accounting- 4 Credits (Book ID B1624) Assignment Set 2 (60 Marks) Note Each question carries 10 Marks. Answer all the questions. 1. Compute trend ratios and comment on the financial performance of Infosys Technologies Ltd. from the following extract of its income statements 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 operational expediency (PBIDT) 8,968 7,861 7,195 5,238 4,391 rap from ordinary activities 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 al closely doubled in four years. The PAT from ordinary activities has increased by 77. 26% in the same period. 2. What is computer memory accrue analysis? What are the objectives of analysing flow of fund? From the following vestibular sense sheets of Joy Ltd. prepare a cash flow statement on a lower floor indirect m ethod. Liabilities 2005 2006 Equity treat capital 3,00,000 4,00,000 8% redeemable pref. share capital 1,50,000 1,00,000 General reserve 40,000 70,000 Profit and loss 30,000 48,000 Proposed dividend 42,000 50,000 Sundry creditors 55,000 83,000 Bills account payable 20,000 16,000 Provision for taxation 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 debtors Fall 2012 Cash 15,000 10,000Bank 10,000 8,000 Total 6,77,000 8,17,000 redundant Information a) Depreciation of Rs. 10,000 and Rs. 20,000 has been changed on plant and building during the current year. b) An lag dividend of Rs. 20,000 has been paid during the current year. c) Rs. 35,000 was paid during the current year for income tax. Hint Cash flow from operating activities Rs. 1,25,000 Cash flow from investing activities (Rs. 1,20,000) Cash flow from financing activities ( Rs. 12,000). 3. Calculate the cost of raw materials purchased from the following data Opening stock of raw materials Rs. 10,000Closing stock of raw materials Rs. 15,000 Expenses on purchases Rs. 5,000 Direct wages Rs. 50, 000 Prime costs Rs. 1, 00,000 Hint Cost of Raw Materials purchased is Rs. 50,000 4. Distinguish in the midst of absorption costing and marginal costing 5. The Anchor Company Ltd. produces most of its electrical softens in its own plant. The gild is at stick considering the feasibility of buying a part from an outside supplier for Rs. 4. 50 per part. If this is done, monthly costs would increase by Rs. 1,000. The part under shape is manufactured in department 1 along with numerous other parts.On account of discontinuing the production of this part, department 1 would have somewhat minify operations. The average monthly usage production of this part is 20,000 units. The costs of producing this part on per unit basis are as follows. Material Rs. 1. 80 Labour (h alf-hour) 2. 40 Fixed overheads 0. 80 Total costs 5. 00 Should the company produce this part or should it buy from an outside supplier? Fall 2012 Hint Differential costs 7,000 per month Favouring making of the parts 6. Explain the essential features of budgetary control. 0. 35 er unit