The document provides details of transactions for M/s 'Favourite Toys' business from 1 April 2014 to 31 March 2015. It includes information on capital invested, loans taken, assets purchased, expenses incurred, sales made, and closing stock. The objective is to analyze whether the business is successful or not and if banks would provide a loan based on the project statement details provided.
1) The document is a project report on accountancy submitted to CBSE. It provides an introduction to accounting, objectives of accounting like maintaining records and determining profit/loss.
2) It discusses advantages like providing financial information and aiding decision making. Disadvantages discussed are accounting only records monetary transactions and information can be manipulated.
3) It includes various accounting transactions with debit and credit entries recorded in journal and posted to ledger accounts like cash, bank, purchases etc.
It is the financial accounting project all basis transactions end to closing trial balance of an accounting cycle is provided.
it is a project of a software house.
This document provides an assignment for a Bachelor of Business Administration course. It includes 6 questions related to management accounting, budgetary control, absorption costing, working capital financing, preparation of a schedule of changes in working capital and funds flow statement using a sample balance sheet, and dividend policy. The questions range from 3 to 10 marks each and provide the evaluation criteria. Students are instructed to answer all questions, with 10 mark questions requiring answers of approximately 400 words.
Accounting for Business Major Assignment SP1 2015 Instructions.docxannetnash8266
Accounting for Business Major Assignment SP1 2015 Instructions
Due Date Thursday 7th May 2015 1.00pm Assignments must be submitted through the Turnitin link on the subject portal
Groups up to 3 students maximum are permitted.
Assignment must be in word format only.
All calculations and workings must be shown to receive any marks for each question
Do not include the question in your answers!
Question 1
Bill Smith has started a lawn mowing business (Bill’s Lawnmowing) as a temporary job/business which he intends to run until he starts his business degree at the University of South Australia in five months. Bill has never owned or run a business before. To start the business on 1 February 2014, he deposited $3,600 into a new bank account opened in the name of the business. The $3,600 consisted of a $3000 interest free loan from his Uncle (to be repaid in full over 2 years in equal amounts at the end of each month) and $600 of his own money. Bill rented some equipment, purchased supplies, and hired friends to mow and trim his customer’s lawns.
At the end of each month Bill sent invoices to his customers. On 30th June, he was ready to dissolve the business and start his university studies. As he was so busy, he kept few records other than his cheque book and a list of amounts owed to him by customers.
At 30 June, Bill’s business account cheque book shows a balance of $2,245, and his customers still owe him $750. During the period, he collected $5,800 from customers. His cheque book lists payments for supplies totalling $550, and he still has fuel and supplies that cost a total of $75 on hand. He paid his employees $3,200, and he still owes them $620 for their final week of work.
Bill rented some equipment from Kennard’s Hire. On 1 February, he signed a six-month rental agreement on lawnmowers and paid $1050 for the full period. Kennard’s Hire will refund the unused portion of the prepayment if the equipment is in good order when he returns it. In order to get the refund, Bill has kept the equipment in excellent condition. In fact during May paid $310 to repair one of the mowers.
To transport employees and equipment to jobs, Bill used a trailer that he bought for $780. He believes that the period’s work used up one-quarter of the trailer’s service potential. The business cheque book lists a payment of $660 for private cash withdrawals by Bill during the period, in addition he has a diary entry indicating that he also used $35 worth of fuel for his own vehicle.
Bill estimates that he spent approximately 45 hours working on the business during the period. He plans to recommence operations on a similar basis during major breaks in his university study and believes he will do better in later periods as he now has an existing customer base to work from.
Required
1. Prepare the business Income Statement for the period.
(9 marks)
2. Prepare the classified Balance Sheet at the end of the period.
(11.
1. The document provides a sample paper for Accountancy with multiple choice and descriptive questions covering various accounting concepts and principles.
2. It includes two parts - Part A covers financial accounting fundamentals and Part B covers additional concepts related to not-for-profit organizations.
3. Several questions require preparation of accounting entries, accounts, adjustments, reconciliation statements and financial statements from given transactions.
The document provides details about an accounting for business program by Afterscho☺ol Centre for Social Entrepreneurship. It includes instructions for participants to prepare trading and profit and loss accounts based on transaction details provided for a business owner named Goti for the year ended 31 March 2007. It also provides an additional information and asks participants to prepare a balance sheet as on that date.
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. PGPSE is a very rigorous programme, designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
1) The document is a project report on accountancy submitted to CBSE. It provides an introduction to accounting, objectives of accounting like maintaining records and determining profit/loss.
2) It discusses advantages like providing financial information and aiding decision making. Disadvantages discussed are accounting only records monetary transactions and information can be manipulated.
3) It includes various accounting transactions with debit and credit entries recorded in journal and posted to ledger accounts like cash, bank, purchases etc.
It is the financial accounting project all basis transactions end to closing trial balance of an accounting cycle is provided.
it is a project of a software house.
This document provides an assignment for a Bachelor of Business Administration course. It includes 6 questions related to management accounting, budgetary control, absorption costing, working capital financing, preparation of a schedule of changes in working capital and funds flow statement using a sample balance sheet, and dividend policy. The questions range from 3 to 10 marks each and provide the evaluation criteria. Students are instructed to answer all questions, with 10 mark questions requiring answers of approximately 400 words.
Accounting for Business Major Assignment SP1 2015 Instructions.docxannetnash8266
Accounting for Business Major Assignment SP1 2015 Instructions
Due Date Thursday 7th May 2015 1.00pm Assignments must be submitted through the Turnitin link on the subject portal
Groups up to 3 students maximum are permitted.
Assignment must be in word format only.
All calculations and workings must be shown to receive any marks for each question
Do not include the question in your answers!
Question 1
Bill Smith has started a lawn mowing business (Bill’s Lawnmowing) as a temporary job/business which he intends to run until he starts his business degree at the University of South Australia in five months. Bill has never owned or run a business before. To start the business on 1 February 2014, he deposited $3,600 into a new bank account opened in the name of the business. The $3,600 consisted of a $3000 interest free loan from his Uncle (to be repaid in full over 2 years in equal amounts at the end of each month) and $600 of his own money. Bill rented some equipment, purchased supplies, and hired friends to mow and trim his customer’s lawns.
At the end of each month Bill sent invoices to his customers. On 30th June, he was ready to dissolve the business and start his university studies. As he was so busy, he kept few records other than his cheque book and a list of amounts owed to him by customers.
At 30 June, Bill’s business account cheque book shows a balance of $2,245, and his customers still owe him $750. During the period, he collected $5,800 from customers. His cheque book lists payments for supplies totalling $550, and he still has fuel and supplies that cost a total of $75 on hand. He paid his employees $3,200, and he still owes them $620 for their final week of work.
Bill rented some equipment from Kennard’s Hire. On 1 February, he signed a six-month rental agreement on lawnmowers and paid $1050 for the full period. Kennard’s Hire will refund the unused portion of the prepayment if the equipment is in good order when he returns it. In order to get the refund, Bill has kept the equipment in excellent condition. In fact during May paid $310 to repair one of the mowers.
To transport employees and equipment to jobs, Bill used a trailer that he bought for $780. He believes that the period’s work used up one-quarter of the trailer’s service potential. The business cheque book lists a payment of $660 for private cash withdrawals by Bill during the period, in addition he has a diary entry indicating that he also used $35 worth of fuel for his own vehicle.
Bill estimates that he spent approximately 45 hours working on the business during the period. He plans to recommence operations on a similar basis during major breaks in his university study and believes he will do better in later periods as he now has an existing customer base to work from.
Required
1. Prepare the business Income Statement for the period.
(9 marks)
2. Prepare the classified Balance Sheet at the end of the period.
(11.
1. The document provides a sample paper for Accountancy with multiple choice and descriptive questions covering various accounting concepts and principles.
2. It includes two parts - Part A covers financial accounting fundamentals and Part B covers additional concepts related to not-for-profit organizations.
3. Several questions require preparation of accounting entries, accounts, adjustments, reconciliation statements and financial statements from given transactions.
The document provides details about an accounting for business program by Afterscho☺ol Centre for Social Entrepreneurship. It includes instructions for participants to prepare trading and profit and loss accounts based on transaction details provided for a business owner named Goti for the year ended 31 March 2007. It also provides an additional information and asks participants to prepare a balance sheet as on that date.
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. PGPSE is a very rigorous programme, designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
The document is an exam paper for a financial accounting exam consisting of 4 questions. Question 1 involves explaining concepts from IAS 38 and BAS 17, preparing extracts from financial statements for a software development contract, and calculating earnings per share. Question 2 involves preparing provisions and a contingency note for various legal claims and restructuring costs. Question 3 involves further calculations of earnings per share. Question 4 identifies errors in a draft statement of cash flows and requests corrections and additions based on additional information provided about property, plant and equipment transactions, accruals, and share issues during the year.
Mr. Raj's records from March 2006 to March 2007 are presented using a single entry system. Depreciation is to be provided for plant and machinery and furniture. Statements of affairs as of March 2006 and March 2007 and a statement of profit and loss for the year ended March 2007 are to be prepared. Capital decreased from Rs. 116,900 to Rs. 114,700 while trading profit was Rs. 8,800 and net profit was Rs. 3,325.
NCV 3 Mathematical Literacy Hands-On Support Slide Show - Module 2Future Managers
This slide show complements the learner guide NCV 3 Mathematical Literacy Hands-On Training by San Viljoen, published by Future Managers. For more information visit our website www.futuremanagers.net
The general ledger contains all balance sheet accounts of an accounting system, including assets, liabilities, and equity accounts. Transactions are recorded in T-accounts within the general ledger with debit amounts on one side and credit amounts on the other. A trial balance is prepared by summing the balances of all accounts to test that total debits equal total credits, indicating the accounting equation balances and errors have not been made.
The document discusses accounting concepts including:
1. The recording process which involves journal entries, posting to ledger accounts, and preparing a trial balance from the ledger accounts.
2. Examples of journal entries are provided for transactions of a business called Tadika Malaysia.
3. A trial balance prepared from the ledger accounts is presented, which lists account balances and ensures total debits equal total credits.
This document contains questions and answers related to accounting topics. Question 1 asks to analyze transactions under the traditional accounting approach. Question 2 provides journal entries for errors detected in a trial balance. Question 3 asks to draft an adjusted trial balance based on given trial balance and adjustments. Question 4 asks to compute trend ratios and comment on the financial performance of a company based on income statement data. Question 5 defines cash flow analysis and its objectives. Question 6 asks about the assumptions of marginal costing and how it differs from absorption costing. The document provides accounting help and guidance on various accounting concepts and calculations.
The document provides information about an afterschool programme on accounting, economics and business run by the Centre for Social Entrepreneurship. It is the world's most comprehensive programme on social and spiritual entrepreneurship and is open and free for all.
This document contains a 35 question practice test for the CA-CPT exam in India based on a student's memory of the actual June 2013 exam. It provides the questions, possible multiple choice answers, and some brief introductory and concluding information. The test covers topics in the Fundamentals of Accounting section including accounting concepts, preparation of financial statements, and basic bookkeeping.
1. The document provides information about a Principles of Accounting exam for BBA students including exam details, short answer and broad questions covering key accounting concepts and requiring calculations and journal entries.
2. The broad questions require students to prepare journal entries, ledger accounts, trial balances, income statements, balance sheets, and worksheets for various business entities based on provided transactions.
3. Students must calculate inventory values, cost of goods sold, and gross profit using different inventory cost flow methods like LIFO, FIFO and average cost based on monthly transactions of a company.
The document contains 13 numerical problems related to the distribution of profits and losses among partners in different partnership scenarios. The problems cover topics such as calculation of interest on capital and drawings, treatment of guaranteed minimum profits, salaries, commissions, and the preparation of profit and loss appropriation accounts. Detailed solutions are provided for each problem in the form of journal entries or accounts with calculations shown.
The document contains sample problems and solutions related to accounting for partnerships. It provides examples of calculating interest on capital accounts, distributing profit and loss among partners, accounting for partner salaries and commissions, and preparing profit and loss appropriation accounts. The problems demonstrate how to account for partnership transactions and allocate profits, losses, interest and other items according to partnership agreements.
This document contains questions and answers related to accounting topics. Question 1 asks to analyze transactions under the traditional accounting approach. Question 2 provides journal entries for errors detected in a trial balance. Question 3 asks to draft an adjusted trial balance based on given trial balance and adjustments. Question 4 asks to compute trend ratios and comment on the financial performance of a company based on income statement data. Question 5 defines cash flow analysis and its objectives. Question 6 asks about the assumptions of marginal costing and how it differs from absorption costing. The document provides accounting help and answers to exam questions.
The document provides information about Company Secretarial Practise Afterscho☺ol, which conducts comprehensive social entrepreneurship programs. It details the PGPSE program, which aims to develop social entrepreneurs and change makers. It also discusses workshops conducted in schools and colleges to promote social entrepreneurship. The program has flexible specializations and is the world's most comprehensive program in social and spiritual entrepreneurship.
This document contains information about various accounting transactions and financial statements that require analysis and journal entries. It includes details about the acquisition of a factory by Dada Sporting Ltd, research and development costs incurred by Robin Tool Company, the sale and reclassification of a building by DFR Ltd, and equity investments that Alom Ltd has in Shajol Ltd and Kajol Ltd. The document poses multiple requirements to determine appropriate accounting treatments and pass necessary journal entries.
XYZ Company provided its trial balance as of December 31, 2015. The document lists account balances and additional information regarding notes receivable, notes payable, building and equipment depreciation, and inventory. It provides several required tasks including preparing correcting and adjusting entries, an adjusted trial balance, classified balance sheet, and closing entries.
This document provides details of an assignment for a financial management course, including instructions and 6 questions. It includes:
- Instructions noting the assignment is for Semester II, includes 6 questions worth a total of 60 marks, and answers to 10 mark questions should be around 400 words.
- The 6 questions cover topics like wealth maximization, interest calculations, financial leverage, internal rate of return, operating and cash cycles, and the application of the Walter's model in valuing WhatsApp's acquisition by Facebook.
Dear students get fully solved SMU MBA assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
This document contains instructions for a financial accounting assignment with 6 questions. It provides relevant financial information for students to prepare a balance sheet, cash flow statement, statement of cost and profit, and cash budget. It also includes calculations for profit-volume ratio, break-even point, and sales levels required for specific profit amounts. Students are asked to use the information given to answer all questions, showing their work.
Partnership revision questions ay 2014 2015JUMA BANANUKA
- Biru and Kugo are partners sharing profits in a 2:3 ratio. They contributed capital of UGX 2 million and UGX 3 million respectively. They made drawings of UGX 100,000 and UGX 120,000 respectively and Kugo received a salary of UGX 80,000. The partnership earned a net profit of UGX 2.5 million.
- Atim and Adongo are partners sharing profits equally. They provided a trial balance as of June 30, 2011 and additional financial information. They need statements of profit/loss and financial position prepared.
- Muqadimah and Almuqadimah were partners sharing profits 2:1
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
The document is an exam paper for a financial accounting exam consisting of 4 questions. Question 1 involves explaining concepts from IAS 38 and BAS 17, preparing extracts from financial statements for a software development contract, and calculating earnings per share. Question 2 involves preparing provisions and a contingency note for various legal claims and restructuring costs. Question 3 involves further calculations of earnings per share. Question 4 identifies errors in a draft statement of cash flows and requests corrections and additions based on additional information provided about property, plant and equipment transactions, accruals, and share issues during the year.
Mr. Raj's records from March 2006 to March 2007 are presented using a single entry system. Depreciation is to be provided for plant and machinery and furniture. Statements of affairs as of March 2006 and March 2007 and a statement of profit and loss for the year ended March 2007 are to be prepared. Capital decreased from Rs. 116,900 to Rs. 114,700 while trading profit was Rs. 8,800 and net profit was Rs. 3,325.
NCV 3 Mathematical Literacy Hands-On Support Slide Show - Module 2Future Managers
This slide show complements the learner guide NCV 3 Mathematical Literacy Hands-On Training by San Viljoen, published by Future Managers. For more information visit our website www.futuremanagers.net
The general ledger contains all balance sheet accounts of an accounting system, including assets, liabilities, and equity accounts. Transactions are recorded in T-accounts within the general ledger with debit amounts on one side and credit amounts on the other. A trial balance is prepared by summing the balances of all accounts to test that total debits equal total credits, indicating the accounting equation balances and errors have not been made.
The document discusses accounting concepts including:
1. The recording process which involves journal entries, posting to ledger accounts, and preparing a trial balance from the ledger accounts.
2. Examples of journal entries are provided for transactions of a business called Tadika Malaysia.
3. A trial balance prepared from the ledger accounts is presented, which lists account balances and ensures total debits equal total credits.
This document contains questions and answers related to accounting topics. Question 1 asks to analyze transactions under the traditional accounting approach. Question 2 provides journal entries for errors detected in a trial balance. Question 3 asks to draft an adjusted trial balance based on given trial balance and adjustments. Question 4 asks to compute trend ratios and comment on the financial performance of a company based on income statement data. Question 5 defines cash flow analysis and its objectives. Question 6 asks about the assumptions of marginal costing and how it differs from absorption costing. The document provides accounting help and guidance on various accounting concepts and calculations.
The document provides information about an afterschool programme on accounting, economics and business run by the Centre for Social Entrepreneurship. It is the world's most comprehensive programme on social and spiritual entrepreneurship and is open and free for all.
This document contains a 35 question practice test for the CA-CPT exam in India based on a student's memory of the actual June 2013 exam. It provides the questions, possible multiple choice answers, and some brief introductory and concluding information. The test covers topics in the Fundamentals of Accounting section including accounting concepts, preparation of financial statements, and basic bookkeeping.
1. The document provides information about a Principles of Accounting exam for BBA students including exam details, short answer and broad questions covering key accounting concepts and requiring calculations and journal entries.
2. The broad questions require students to prepare journal entries, ledger accounts, trial balances, income statements, balance sheets, and worksheets for various business entities based on provided transactions.
3. Students must calculate inventory values, cost of goods sold, and gross profit using different inventory cost flow methods like LIFO, FIFO and average cost based on monthly transactions of a company.
The document contains 13 numerical problems related to the distribution of profits and losses among partners in different partnership scenarios. The problems cover topics such as calculation of interest on capital and drawings, treatment of guaranteed minimum profits, salaries, commissions, and the preparation of profit and loss appropriation accounts. Detailed solutions are provided for each problem in the form of journal entries or accounts with calculations shown.
The document contains sample problems and solutions related to accounting for partnerships. It provides examples of calculating interest on capital accounts, distributing profit and loss among partners, accounting for partner salaries and commissions, and preparing profit and loss appropriation accounts. The problems demonstrate how to account for partnership transactions and allocate profits, losses, interest and other items according to partnership agreements.
This document contains questions and answers related to accounting topics. Question 1 asks to analyze transactions under the traditional accounting approach. Question 2 provides journal entries for errors detected in a trial balance. Question 3 asks to draft an adjusted trial balance based on given trial balance and adjustments. Question 4 asks to compute trend ratios and comment on the financial performance of a company based on income statement data. Question 5 defines cash flow analysis and its objectives. Question 6 asks about the assumptions of marginal costing and how it differs from absorption costing. The document provides accounting help and answers to exam questions.
The document provides information about Company Secretarial Practise Afterscho☺ol, which conducts comprehensive social entrepreneurship programs. It details the PGPSE program, which aims to develop social entrepreneurs and change makers. It also discusses workshops conducted in schools and colleges to promote social entrepreneurship. The program has flexible specializations and is the world's most comprehensive program in social and spiritual entrepreneurship.
This document contains information about various accounting transactions and financial statements that require analysis and journal entries. It includes details about the acquisition of a factory by Dada Sporting Ltd, research and development costs incurred by Robin Tool Company, the sale and reclassification of a building by DFR Ltd, and equity investments that Alom Ltd has in Shajol Ltd and Kajol Ltd. The document poses multiple requirements to determine appropriate accounting treatments and pass necessary journal entries.
XYZ Company provided its trial balance as of December 31, 2015. The document lists account balances and additional information regarding notes receivable, notes payable, building and equipment depreciation, and inventory. It provides several required tasks including preparing correcting and adjusting entries, an adjusted trial balance, classified balance sheet, and closing entries.
This document provides details of an assignment for a financial management course, including instructions and 6 questions. It includes:
- Instructions noting the assignment is for Semester II, includes 6 questions worth a total of 60 marks, and answers to 10 mark questions should be around 400 words.
- The 6 questions cover topics like wealth maximization, interest calculations, financial leverage, internal rate of return, operating and cash cycles, and the application of the Walter's model in valuing WhatsApp's acquisition by Facebook.
Dear students get fully solved SMU MBA assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
This document contains instructions for a financial accounting assignment with 6 questions. It provides relevant financial information for students to prepare a balance sheet, cash flow statement, statement of cost and profit, and cash budget. It also includes calculations for profit-volume ratio, break-even point, and sales levels required for specific profit amounts. Students are asked to use the information given to answer all questions, showing their work.
Partnership revision questions ay 2014 2015JUMA BANANUKA
- Biru and Kugo are partners sharing profits in a 2:3 ratio. They contributed capital of UGX 2 million and UGX 3 million respectively. They made drawings of UGX 100,000 and UGX 120,000 respectively and Kugo received a salary of UGX 80,000. The partnership earned a net profit of UGX 2.5 million.
- Atim and Adongo are partners sharing profits equally. They provided a trial balance as of June 30, 2011 and additional financial information. They need statements of profit/loss and financial position prepared.
- Muqadimah and Almuqadimah were partners sharing profits 2:1
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
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Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Prescriptive analytics BA4206 Anna University PPTFreelance
Business analysis - Prescriptive analytics Introduction to Prescriptive analytics
Prescriptive Modeling
Non Linear Optimization
Demonstrating Business Performance Improvement
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
1. 26
COMPREHENSIVE PROJECT-2
1. Name of the Project : A study of the business of "Favourite Toys"
2. Objective of the Project
(i) To know whether 'Favourite Toys' is a success or a failure
(ii) To know whether the banks will agree to give Loan to the business.
3. Period of Study : Year ending 31st March 2015.
4. Analytical tools used : Accounting Ratios
5. Source Material : The Project Statement of 'Favourite Toys'
2. 27
PROJECT NO. 2
PROJECT STATEMENT
M/s 'Favourite Toys'
Ram did his Economics (Hons.) from Delhi University and MBA from Indian School of Business
(Hyderabad). He got job with a good salary. After 5 years of work experience, he started his
business of assembling toy cars and named his business 'Favourite Toys'. On 1st April, 2014 he
introduced a capital of ` 2 lakhs in cash and ` 33 lakhs by cheque. He also took a loan of ` 10
lakhs from the State Bank of India, borrowed ` 5 lakhs from his friend, Amit by cheque.
He took premises on rent at ` 10,000/- per month in Okhla Industrial Area, New Delhi for
setting up of his new factory. On 1st April, 2014 he purchased machinery of ` 10 lakhs and
furniture for his office worth ` 1,00,000 through a cheque. On the same date he withdrew
` 8,00,000 from bank account for meeting day to day business expenses. He hired an executive
to help him in setting up the business at a salary ` 10,000 per month. He also took an insurance
cover at a premium of ` 50,000 per annum on 1st April. Within one month, he was ready to
assemble toy cars. On 1st May, he made purchases for ` 70 lakhs out of which ` 60 lakhs were
still payable and hired 5 workers on monthly wages of ` 8,000. On the same date he purchased
a telephone and installed it, which cost him ` 2,000. The payment of the telephone was made
through a cheque. He also paid ` 20,000 by cheque to print catalogues for his products.
Payment of all routine expenses was made at the end of the year.
By the end of the year, all wages were paid every month in cash. Machinery and Furniture were
depreciated @ 10% per annum. Total sales amounted to ` 90 lakhs. He paid annual electricity
charges of ` 1,00,000 and telephone expenses ` 15,000 by cash. He withdrew ` 1 lakhs from
bank for personal use. On 31st March 2015 he purchased investments worth ` 10 lakhs through
bank. He repaid ` 5,00,000 with ` 25,000 as an interest to Amit on account of the loan taken
earlier. There was a fire in the factory that destroyed goods worth ` 2,00,000 out of which the
insurance company admitted a claim of ` 1,00,000. He paid ` 50,000 as carriage by cash. Interest
on bank loan was ` 50,000 due but not paid.
At the end of year closing stock was valued at ` 10 lakhs.
You are required to prepare the following:
(a) Journalize the above transactions, post them into ledger accounts and prepare trial balance
for the year ended 31st March, 2015.
(b) Trading and Profit and Loss Account for the year ending 31st March, 2015 and Balance sheet
as at 31st March, 2015.
If the business approaches a bank for a loan, will the bank oblige?
3. 28
Journal Register
1 April, 2014 to 31 March, 2015
Date Particulars Folio Debit
`
Credit
`
2014
1-April Cash A/c Dr. Dr.
Bank A/c Dr.
To Capital A/c
(Being Capital invested in the Business)
2,00,000
33,00,000
35,00,000
1-April Cash A/c Dr.
To Bank A/c
(Being cash withdrawn from bank for business
expenses.)
8,00,000
8,00,000
1-April Bank A/c Dr.
To Loan-SBI A/c
(Being Loan taken from State Bank of India)
10,00,000
10,00,000
1-April Bank A/c Dr.
To Loan A/c
(Being loan received)
5,00,000
5,00,000
1-April Machinery A/c Dr.
Furniture A/c Dr.
To Bank
(Being Machinery and Furniture purchased)
10,00,000
1,00,000
11,00,000
1-April Insurance Premium A/c Dr.
To Bank A/c
(Being Insurance Premium paid)
50,000
50,000
1-May Purchases A/c Dr.
To Bank A/c
To Creditors A/c
(Being purchases made in cash and on credit)
70,00,000
10,00,000
60,00,000
4. 29
1-May Telephone A/c Dr.
To Bank A/c
(Being Telephone purchased and installed)
2,000
2,000
1-May Printing Expenses A/c Dr.
To Bank A/c
(Being printing for catalogue expenses paid)
20,000
20,000
31-May Bank A/c Dr.
To Sales A/c
(Being sales proceeds from selling of toy cars.)
90,00,000
90,00,000
31-Mar. Loan A/c Dr.
Interest on Loan A/c Dr.
To Bank A/c
(Being Loan and Interest paid)
5,00,000
25,000
5,25,000
31-Mar. Insurance Claim Receivable A/c Dr.
Loss by Fire A/c Dr.
To Purchase A/c
(Being insurance claim receivable on account of
fire occurred in the factory and loss provided in
the books)
1,00,000
1,00,000
2,00,000
31-Mar. Carriage Inward A/c Dr.
To Cash A/c
(Being carriage paid in cash)
50,000
50,000
31-Mar. Rent factory A/c Dr.
To Cash A/c
(Being Rent paid in cash)
1,20,000
1,20,000
31-Mar. Salary A/c Dr.
To Cash A/c
(Being Salary paid to executive in cash)
1,20,000
1,20,000
5. 30
31-Mar. Wages A/c Dr.
To Cash A/c
(Being Wages paid in cash for 11 months)
4,40,000
4,40,000
31-Mar. Depreciation A/c Dr.
To Machinery A/c
To Furniture A/c
(Being Depreciation provided on Machinery
and furniture @ 10% per annum)
1,10,000
1,00,000
10,000
31-Mar. Electricity Expenses A/c Dr.
To Cash A/c
(Being Electricity expenses paid in cash.)
1,00,000
1,00,000
31-Mar. Telephone Expenses A/c Dr.
To Cash A/c
(Being Telephone charges paid in cash.)
15,000
15,000
31-Mar. Drawings A/c Dr.
To Bank A/c
(Being cash withdrawn from business for
personal use)
1,00,000
1,00,000
31-Mar. Investment A/c Dr.
To Bank A/c
(Being Investment purchased during the year)
10,00,000
10,00,000
31-Mar. Interest on Loan-SBI A/c Dr.
To Loan-SBI A/c
(Being Interest on SBI loan for the year ended
provided)
50,000
50,000
31-Mar Trading A/c Dr.
To Purchases A/c
To Wages A/c
To Carriage Inward A/c
To Factory Rent A/c
(Closing entry for purchases, wages, carriage
inward and factory rent)
74,10,000
68,00,000
4,40,000
50,000
1,20,000
6. 31
31-Mar Sales A/c Dr.
Closing Stock A/c Dr.
To Trading A/c
(Closing entry for Sales and Closing Stock)
90,00,000
10,00,000
1,00,00,000
31-Mar Trading A/c Dr.
To Profit and Loss A/c
(Gross profit earned during the year)
27,10,000
27,10,000
31-Mar Profit and Loss A/c Dr.
To Depreciation A/c
To Electricity Expenses A/c
To Salary A/c
To Insurance Premium A/c
To Interest Loan-SBI A/c
To Interest on Loan A/c
To Loss by Fire A/c
To Printing Expenses A/c
To Telephone Expenses A/c
(Closing entry for indirect expenses)
5,90,000
1,10,000
1,00,000
1,20,000
50,000
50,000
25,000
1,00,000
20,000
15,000
31-Mar Profit and Loss A/c Dr.
To Ram's capital A/c
(Net profit transferred to Ram's capital A/c)
20,00,000
20,00,000
Total 4,85,12,000 4,85,12,000
7. 32
Dr. Bank A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2014
Apr. 01
Apr. 01
Apr. 01
2015
Mar. 31
2015
Apr,01
To Capital A/c
To Loan-SBI
A/c
Loan A/c
To Sales A/c
To Balance b/d
33,00,000
10,00,000
5,00,000
90,00,000
1,38,00,000
92,03,000
2014
April, 01
April, 01
April, 01
April, 01
May, 01
May, 01
May, 01
2015
Mar, 31
Mar, 31
Mar, 31
Mar, 31
Mar, 31
By Cash A/c
By Machinery A/c
By Furniture A/c
By Insurance Prem. A/c
By Purchases A/c
By Telephone A/c
By Printing Exp. A/c
By Drawings A/c
By Investment A/c
By Loan A/c
By Interest on Loan A/c
By Balance c/d
8,00,000
10,00,000
1,00,000
50,000
10,00,000
2,000
20,000
1,00,000
10,00,000
5,00,000
25,000
92,03,000
1,38,00,000
Dr. Cash A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2014
April, 01
April, 01
2015
April, 01
To Capital A/c
To Bank A/c
To Balance b/d
2,00,000
8,00,000
10,00,000
1,55,000
2015
Mar, 31
Mar, 31
Mar, 31
Mar, 31
Mar, 31
Mar, 31
Mar, 31
By Carriage Inward A/c
By Rent factory A/c
By Salary A/c
By Wages A/c
By Electricity Expenses A/c
By Telephone Expenses A/c
By Balance c/d
50,000
1,20,000
1,20,000
4,40,000
1,00,000
15,000
1,55,000
10,00,000
8. 33
Dr. Capital A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Drawings A/c
To Balance c/d
1,00,000
54,00,000
55,00,000
2014
Apr, 01
2015
April, 01
By Cash A/c
By Bank A/c
By P & L A/c
By Balance b/d
2,00,000
33,00,000
20,00,000
55,00,000
54,00,000
Dr. Creditors A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Balance c/d 60,00,000
60,00,000
2015
May, 01
2015
April, 01
By Purchase A/c
By Balance b/d
60,00,000
60,00,000
60,00,000
Dr. Carriage Inward A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31 To Cash A/c 50,000
2015
May, 01 By Trading
A/c
50,000
50,000 50,000
Dr. Drawings A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31 To Bank A/c 1,00,000
2015
May, 01 By Capital A/c 1,00,000
1,00,000 1,00,000
9. 34
Dr. Depreciation A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Machinery A/c
To Furniture A/c
1,00,000
10,000
2015
Mar, 31
By Profit &
Loss A/c
1,10,000
1,10,000 1,10,000
Dr. Electricity Expenses A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Cash A/c 1,00,000 2015
Mar, 31
By Profit & Loss
A/c
1,00,000
1,00,000 1,00,000
Dr. Salary A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Cash A/c 1,20,000 2015
Mar, 31
By Profit &
Loss A/c
1,20,000
1,20,000 1,20,000
Dr. Furniture A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2014
April, 01
2015
April, 01
To Bank A/c
To Balance
b/d
1,00,000
1,00,000
90,000
2015
Mar, 31
Mar, 31
By Depreciation
A/c
By Balance c/d
10,000
90,000
1,00,000
10. 35
Dr. Loan A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Bank A/c 5,00,000 2014
April, 01
By Bank A/c 5,00,000
5,00,000 5,00,000
Dr. Investment A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
2015
April, 01
To Bank A/c
To Balance
b/d
10,00,000
10,00,000
10,00,000
2015
Mar, 31
By Balance c/d 10,00,000
10,00,000
Dr. Interest on Loan-SBI A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Loan-SBI
A/c
50,000 2015
Mar, 31
By Profit & Loss
A/c
50,000
50,000 50,000
Dr. Interest on Loan A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Bank A/c 25,000 2015
March, 31
By Profit & Loss
A/c
25,000
25,000 25,000
11. 36
Dr. Insurance Claim Receivable A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
2015
April, 01
To Purchase
A/c
To Balance
b/d
1,00,000
1,00,000
1,00,000
2015
Mar, 31
By Balance c/d 1,00,000
1,00,000
Dr. Insurance Premium A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Bank A/c 50,000 2014
Mar, 31
By Profit & Loss
A/c
50,000
50,000 50,000
Dr. Loss By Fire A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Purchases
A/c
1,00,000 2015
Mar, 31
By Profit & Loss
A/c
1,00,000
1,00,000 1,00,000
Dr. Loan-SBI A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Balance
c/d
10,50,000
10,50,000
2014
April, 01
2015
Mar, 31
2015
April 01
By Bank A/c
By Interest on
Loan A/c
To Balance b/d
10,00,000
50,000
10,50,000
10,50,000
12. 37
Dr. Printing Expenses A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2014
April, 01
2015
April, 01
To Bank A/c
To Balance b/d
10,00,000
10,00,000
9,00,000
2015
Mar, 31
Mar, 31
By Depreciation
A/c
By Balance c/d
1,00,000
9,00,000
10,00,000
Dr. Purchases A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
May, 01
To Bank
A/c 10,00,000
2015
Mar,31 By Insurance Claim
Receivable A/c
By Loss by Fire A/c
By Trading A/c
1,00,000
1,00,000
68,00,000
70,00,000 70,00,000
Dr. Rent Factory A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Cash A/c 1,20,000 2015
Mar, 31 By Profit & Loss A/c
1,20,000
1,20,000 1,20,000
Dr. Sales A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31 To Trading A/c 90,00,000
2015
Mar, 31 By Cash A/c 90,00,000
90,00,000 90,00,000
13. 38
Dr. Telephone Expense A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Cash A/c 15,000 2015
Mar, 31
By Profit & Loss
A/c
15,000
15,000 15,000
Dr. Telephone A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2014
1-May
April, 01
To Bank A/c
To Balance
b/d
2,000
2,000
2,000
2015
Mar, 31
By Balance c/d 2,000
2,000
Dr. Wages A/c Cr.
Date Particulars Folio Amount
`
Date Particulars Folio Amount
`
2015
Mar, 31
To Cash A/c 4,40,000 2015
Mar, 31
By Trading
A/c
4,40,000
4,40,000 4,40,000
15. 40
TRADING AND PROFIT & LOSS ACCOUNT OF RAM
For the year ended 31 March, 2015
Particulars Amount
`
Particulars Amount
`
To Purchases A/c
To Wages A/c
To Carriage Inward A/c
To Factory Rent A/c
To Gross Profit c/d
To Depreciation A/c
To Electricity Expenses A/c
To Salary A/c
To Insurance Premium A/c
To Interest on Loan-SBI A/c
To Interest on Loan A/c
To Loss by Fire A/c
To Printing Expenses A/c
To Telephone Expense A/c
To Net Profit t/f to Capital A/c
68,00,000
4,40,000
50,000
1,20,000
25,90,000
1,00,00,000
1,10,000
1,00,000
1,20,000
50,000
50,000
25,000
1,00,000
20,000
15,000
20,00,000
By Sales A/c
By Closing Stock A/c
By Gross Profit b/d
90,00,000
10,00,000
1,00,00,000
25,90,000
25,90,000 25,90,000
16. 41
RAM'S BALANCE SHEET
As at 31 March, 2015
Liabilities Amount
`
Assets Amount
`
CAPITAL ACCOUNT
Capital introduced 35,00,000
Add : Net Profit 20,00,000
55,00,000
Less : Drawings 1,00,000
LONG TERM LIABILITIES
Loan-SBI
CURRENT LIABILITIES
Creditors
54,00,000
10,50,000
60,00,000
FIXED ASSETS
Machinery 10,00,000
Less : Depreciation 1,00,000
Furniture 1,00,000
Less : Depreciation 10,000
Telephone
NON-CURRENT ASSETS
Investment
Insurance Claim Receivable
CURRENT ASSETS
Cash in hand
Cash at Bank
Stock
9,00,000
90,000
2,000
10,00,000
1,00,000
1,55,000
92,03,000
10,00,000
1,24,50,000 1,24,50,000
Calculation of Relevant Ratios
Profitability Ratio
1. Gross Profit Ratios
(Gross Profit/Sales) × 100 30.11%
2. Net Profit Ratios
(Net Profit/Total Revenue) × 100 22.22%
Turnover Ratio
3. Working Capital Turnover Ratio 2 times
(Sales/Working Capital)
17. 42
4. Fixed Assets Turnover Ratio 9 times
(Sales/Net Fixed Assets)
Liquidity Ratio 1.73:1
5. Current Ratios
(Current Assets/Current Liabilities)
6. Quick Ratio
(Current Assets-Stock)/Current Liabilities 1.56 : 1
Working Notes (`)
Gross Profit 27,10,000
Net Profit 20,00,000
Total Revenue 90,00,000
Fixed Assets 9,92,000
Current Assets 1,03,58,000
Current Liabilities 60,00,000
Working Capital (CA-CL) 43,58,000
Quick Assets 93,58,000
Stock 10,00,000
Total Debt 10,50,000
Owner's Fund 54,00,000
Conclusion
The business of 'Favourite Toys' is a success. It is indicated by good profitability ratios specially
when it is the first year of the firm. Turnover ratios also indicate the effective and efficient
utilization of the fixed assets and working capital. Liquidity ratios are also more than one.
Any bank will agree to give them loan on the basis of above ratios.
Project Statement for Practice
Read the project statements carefully and prepare comprehensive projects on likes of the sample
projects.
18. 43
PROJECT-3
PROJECT STATEMENT
"Muskan Saloon"
Muskan commenced business of selling beauty products on 1st April, 2014 with a capital of ` 25
lakhs. She entered into an agreement with Cosmetics India to sell the beauty products,
purchased from them on one month credit basis.
During the year Muskan acquired following assets for which the payments were made through
bank.
Assets Amount in `
Land
Building
Office Equipment
Furniture & Fixtures
7,50,000
12,50,000
1,20,000
1,30,000
The beauty products were to be sold for cash only and the cash proceeds were to be deposited
in the bank on the same day. All expenses except petty expenses were to be paid by bank only.
The petty cashier was given ` 5,000 on 1st April, 2014 under 'Imprest System'. The petty cashier
would be reimbursed the actual expenses of the month on the first day of the next month before
depositing the sale proceeds of the day.
The following information is extracted from the books of Muskan for the year ended on March
31, 2015.
Particulars Amount in `
Purchases 12,40,000
Sales 15,90,000
Payments through Bank accounts:
Salaries 65,000
Advance Tax paid 5,400
Electricity expenses 7,600
19. 44
Telephone expenses 5,900
Advertising expenses 6,000
Opening ceremony expenses 3,000
Petty expenses 16,900
Printing & Stationery 2,000
The following expenses were not yet paid but need to be provided for computing current year's
income:
Salaries of ` 6,700, electricity expenses of ` 800 and telephone expenses of ` 300.
The cash with the petty cashier on 31st March, 2015 were ` 1,500. The purchases for the month of
March, 2015 amounted to ` 1,00,000. The company paid for purchases as per terms agreed
upon. Closing stock as at 31st March, 2015 was ` 500. Charge depreciation on building @ 2%.
Provision for Tax liability required to be made of ` 6,000.
A. Prepare Trial Balance, Income Statement for the year ended 31st March, 2015 and Balance
Sheet as at 31st March, 2015.
B. 1. Cosmetics India wants to know the short term financial position of Muskan Saloon
before extending the agreement on credit policy for the next year.
2. Muskan is interested in knowing :
a) The profitability and cost efficiency of the firm in terms of "operating expenses to
sales" and
b) The efficiency with which the capital, fixed assets, working capital and the total
assets of the company have been utilized.
20. 45
PROJECT NO. 4
PROJECT STATEMENT
M/s Steel Products
Raghu was a 24 years old resident of Rampur village in Bihar. He did B.Com (Hons.) from Bihar
University, Patna. He belongs to a middle class family and always wanted to be a successful
businessman but unable to decide the business which would best suit him.
One day, while talking with his friend, he got convinced about starting the business and on 1st
April, 2014 he started a Steel Pipes and Angles business at a backward area of Bihar. He
introduced capital of ` 70,000 in cash and ` 20,000 through cheque. he took a loan of ` 8,00,000
from ICICI Bank at a rate of interest of 10% per annum by pledge of his property. He purchased
iron rods from Ram & Co. worth ` 20,000 on credit, machinery ` 40,000, furniture ` 10,000 and
small piece of land for ` 1,00,000 on the same date. He hired 10 workers on 1st April and agreed
to pay them wages of ` 12,500 each p.a. On 12th April, he returned goods worth ` 2000 to Ram
and Co. being defective goods. He withdrew goods worth ` 4,000 for domestic use on the same
date.
On 30th May, he sold steel pipes to Gupta & Co. worth ` 35,000 on credit. On 30th June, he sold
steel angle worth ` 50,000 to Kumar & Co. as per the payment terms, 50% in cash, 30% through
cheque and drew a bill for balance. On 4th July, Gupta & Co. who drew some defects in the
pipes, returned the same worth ` 10,000.
Raghu paid office and administrative expenses of ` 2,000 and selling and distribution expenses
of ` 5,000 on 6th July and advertisement expenses of ` 10,000 on 3rd August. On 4th September,
he purchased iron rods worth ` 25,000 from Khanna and Co. who drew a bill for 6 months on
Raghu, which he duly accepted. On 9th October, goods worth ` 10,000 were lost due to theft,
however an insurance company admitted a claim of ` 5,000. On 17th October, Raghu paid `
6,000 to Ram & Co.
On 16th December, he received ` 10,000 from Gupta and Co. Wages paid in advance were `
10,000 on 15th January. On 22nd January, Raghu contributed ` 8000 to the Prime Minister's Relief
Fund. A part of the machinery broke down on 12th February, ` 2,000 was incurred for its
repairing.
On 2nd March, Raghu sold steel rods worth ` 60,000 to Sharma and Co. and received ` 20,000 in
cash and balance was payable after 3 months. He sold steel rods worth ` 65,000 to Rakesh and
Co. for cash on 4th March. On 15th March Sharma became insolvent and 50 paise in a rupee were
received from his estate. On 20th March, Raghu purchased iron rods worth ` 3,33,000 from
Shyam and Co.
21. 46
The following transactions took place on 31st March 2015
Wages paid ` 1,15,000
Electricity bills paid ` 7,000
Heating and lighting expenses ` 5,500
Telephone charges ` 3,000
Carriage and freight ` 1,000
Miscellaneous expenses ` 500
On 31st March 2015, closing stock was valued at ` 4,40,000; depreciation on furniture and
machinery is to be provided @ 10% p.a.; interest on capital to be provided @ 5% p.a. and interest
on drawings to be charged @ 2% p.a.
You are required to:
a) Pass journal entries, post them into the ledger accounts and prepare a Trial Balance.
b) Prepare, Trading and Profit & Loss A/c for the year ended 31st March, 2015 and Balance
Sheet as at 31st March, 2015 and analyze the profitability and the financial position of the
business.
Decide whether the business is a success or a failure.
SPECIFIC PROJECTS
Segment Reporting
Segments are (i) The products of a company like Alto, Dezire and Gypsy of Maruti. (ii) The
area of operation of a company like Consumer Care Business, Food Business and Personal Care
Business of Dabur and Passenger transport, Goods transport of a Transport Company. (iii) The
Geographical areas served by a service company like Northern Railway, Eastern Railway and
Western Railway, etc. of Indian Railways.
It is mandatory for companies to report the progress of each segment as per AS-17 issued by
the Council of The Institute of Chartered Accountants of India since April 1, 2001. It ensures
full disclosure about the revenue from each segment, the profit from each segment and the
amount of capital allocated to each segment. These reports are on quarterly, half yearly and
annual basis. Thus, every segment gets full attention of the management and the shareholders
also come to know the financial position of each segment. It is, required for true and fair
disclosure as well.
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Two specific projects on Performance of Segments are presented here :
i) On segments of Prakash Industries Ltd. and
ii) On segments of Dabur India Ltd.
Segment reporting is only one area of business reports. The students should explore more such
areas from the company reports for relevant specific projects. For the sake of practice and
exercise the students should visit the company's websites and check the quarterly reports for
segment performance. This will be the source material for the projects.