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MBHC - 1.3 Accounting For Managers

The document outlines assignment questions for MBA 1st Semester students for the July-January cycle of 2024-25, focusing on accounting concepts, ratio analysis, and financial statements preparation. It includes specific tasks such as preparing a trading and profit and loss account, a balance sheet, and a cash flow statement based on provided financial data and adjustments. Additionally, it presents various accounting scenarios and adjustments for students to analyze and solve.

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26 views3 pages

MBHC - 1.3 Accounting For Managers

The document outlines assignment questions for MBA 1st Semester students for the July-January cycle of 2024-25, focusing on accounting concepts, ratio analysis, and financial statements preparation. It includes specific tasks such as preparing a trading and profit and loss account, a balance sheet, and a cash flow statement based on provided financial data and adjustments. Additionally, it presents various accounting scenarios and adjustments for students to analyze and solve.

Uploaded by

anjantransactions
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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MBA 1st Semester Assignment Questions

2024-25 July-January Cycle

MBHC – 1.3 Accounting for Managers


1. Elucidate accounting concepts and conventions.
2. What is ratio analysis? What are the different types of ratio’s ?
3. From the following trial balance prepare trading and profit and loss
account and Balance Sheet for the year ended 31st March 2014
Debit Credit

Capital - 2,50,000
Drawings 50,000 -
Purchases 3,70,000 -
Sales _- 5,64,000
Opening Stock 90,000 -
Returns 12,500 7,500
Wages 30,000 -
Salaries 27,500 -
Rent & Insurance 7,000 -
General Expenses 23,000 -
Debtors & Creditors 1,00,000 85,000
Bills Receivable & Payable 40,000 75,000
Bad Debts 6,000 -
Discount Allowed 1,600 -
Plant & Machinery 1,50,000 -
Furniture 25,000 -
Cash 48,900 -
9,81,500 9,81,500
Adjustments :
a. Outstanding Salaries ₹ 2,500.
b. Insurance Prepaid ₹ 1,000.
c. Provision for doubtful debts to be maintained at 2.5%
d. 5% Depreciation to be provided on plant and machinery
e. Closing stock was valued at ₹ 80,000
4. From the following particulars, prepare a cash flow statement.
Balance Sheet
Liabilities 2013 2014 Assets 2013 2014

Share capital 300000 350000 Fixed assets 510000 620000

8% Debentures 100000 200000 Discount on debentures 10000 5000


Reserves & 80000 100000 Debtors 40000 75000
Surplus
70000 50000 Stock 30000 10000
Creditors
Bills Payable 50000 60000 10000 -
Bank
-
Bank O.D 40000

600000 600000 600000 600000

Additional Information:
a. Provision for Depreciation as 2012 ₹ 150000 and on2013 ₹ 190000
respectively
b. A Machine costing ₹ 70000 ( Depreciation written off ₹ 30000 )
was sold for ₹ 25000
c. Dividend paid was ₹ 30000.

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