Assignment Solutions, Case study Answer sheets
Project Report and Thesis - Contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
Financial Accounting & Analysis
Question 1
Income
statement for the year ended 31st March 17, is as under (10 Marks)
(Rs in lacs)
Question
2
The
matching concept of accounting suggests that in order to calculate accurate
amount of profit or loss for the period the expenses or revenues should be
recognized correctly. Thus, it is important to differentiate between the
capital and revenue items. Mr. Ramchandani purchased Shaper Jet 3D printer at
Rs90000, extra printer cartridges and ink for Rs10000 for his business. Discuss
how the expenditure will be treated while preparing the financial statements.
Provided the rate of depreciation on printer and related assets is 10 % p.a. (10
Marks)
Question
3
a) TCD
Ltd provided Rs50 lacs for inventory obsolescence in 2013-14. In the subsequent
year, it was determined that 25 % of such stocks are usable. The accounts
manager of the company wants to adjust the same through prior period adjustment
account, as the provision was made in the earlier years. Give your opinion
whether the contention of the accounts manager is correct or not. (5 Marks)
b)
Rectify the following errors by passing Journal entry (5 Marks)
Paid
Rs15000 for advertisement debited to electricity expenses
Received
Rs250000 on account of cash sales to Jannaak omitted to recorded in the books
Assignment Solutions, Case study Answer sheets
Project Report and Thesis - Contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
No comments:
Post a Comment