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Financial
Accounting and Analysis
Question
1
Pass
necessary adjustment entries with narrations for the following adjustments:
(10
Marks)
1.
Salaries outstanding Rs.250000
2.
Prepaid Insurance Rs.40000
3.
Interest accrued on investments Rs.50000
4.
Commission received in advance Rs.28500
5. To
provide 10% interest on capital of Rs.5500000
Question
2
You
being the senior manager of Abacus Ltd, a company listed at BSE.As a matter of
compliance you have to prepare the financial statements as per the guidelines
given by the Companies Act 2013. Discuss at least ten instructions given under
the respective section/schedule of the Act with regard to preparation and
presentation of financial statement. (10 Marks)
Question
3
a) For
the year 2014-15, Tatoo’s limited earns Rs50 lacs before tax. Additional
information available –
50000 Equity shares issued on 1.1.2010 @ Rs 100
Interest payable on Debentures @ 10 % on
debentures worth 50Lacs
Corporate Tax 33.33 %.
Compute
EPS (5 Marks)
b)
While preparing cash flow statement as per the AS-3 sufficient care is required
to be taken with regard to non-cash transactions and extra-ordinary item.
Discuss, with examples, how the items Non cash transactions and Extra-ordinary
items are treated as per the Accounting standard 3. (5 Marks)
Assignment Solutions, Case study Answer sheets
Project Report and Thesis - Contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
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