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This document provides information about an assignment help service. It lists a mail ID and phone number to contact for getting fully solved assignments from professionals. It then provides a sample assignment question from the subject of Financial and Management Accounting. The question includes details like the course, semester, subject code, marks allotted, and evaluation criteria. It asks students to analyze financial transactions under the traditional accounting approach.
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This document provides information about obtaining fully solved assignments for the SMU MBA Fall 2014 semester. Students are instructed to send their semester and specialization name to an email address or call a phone number to receive assistance with their assignments. Details are provided about course codes, credit hours, and expectations for answer length. Sample questions are included to illustrate the type of assignments available for assistance.
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This document provides information about an assignment solving service called SMUSolvedAssignments. It offers solved assignments for Rs. 150 per subject or Rs. 700 per semester. It provides the website URL and email address to contact for more details or to get assignments solved.
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.
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Mb0041 financial and management accountingStudy Stuff
This document provides information about an assignment help service. It lists a mail ID and phone number to contact for getting fully solved assignments from professionals. It then provides a sample assignment question from the subject of Financial and Management Accounting. The question includes details like the course, semester, subject code, marks allotted, and evaluation criteria. It asks students to analyze financial transactions under the traditional accounting approach.
Mb0041 financial and management accountingsmumbahelp
This document provides information about obtaining fully solved assignments for the SMU MBA Fall 2014 semester. Students are instructed to send their semester and specialization name to an email address or call a phone number to receive assistance with their assignments. Details are provided about course codes, credit hours, and expectations for answer length. Sample questions are included to illustrate the type of assignments available for assistance.
Mb0041 financial and management accountingsmumbahelp
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This document provides information about an assignment solving service called SMUSolvedAssignments. It offers solved assignments for Rs. 150 per subject or Rs. 700 per semester. It provides the website URL and email address to contact for more details or to get assignments solved.
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.
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.
SMU_MBA-Solved-Assignment-Mb0041 financial and management accounting spring20...pkharb
This document provides details of an assignment for a Financial and Management Accounting subject in an MBA program. It includes 5 questions related to analyzing transactions under the traditional accounting approach, journal entries for errors detected in a trial balance, preparing an adjusted trial balance, analyzing trend ratios for Infosys Technologies Ltd over 5 years, and explaining cash flow analysis and the preparation of a cash flow statement.
This document discusses key accounting concepts related to accrual basis accounting, adjusting entries, and accounting for various transactions through journal entries. It defines accrual basis and cash basis accounting. It explains that adjusting entries are made at the end of an accounting period to properly state accounts and recognize revenues and expenses according to the matching principle. Various types of adjusting entries are described for expenses/revenues due or received, prepaid/deferred items, closing stock, depreciation, bad debts, and more. Examples of adjusting entries for specific transactions are provided.
Mb0041 financial and management accounting-SMU Solved MBA semester 1 Assignmentpkharb
This document provides the details of an assignment for a subject on financial and management accounting. It includes 6 questions assessing various topics like analyzing transactions, detecting and correcting errors in a trial balance, preparing adjusted trial balances, trend analysis, cash flow statements, and comparing absorption and marginal costing. The assignment is out of a total of 60 marks and provides the evaluation scheme for each question.
An adjusting entry involves both an income statement account (revenue or expense) and a balance sheet account (asset or liability) to record unrecognized income or expenses for the period. There are two categories of adjusting entries: deferrals and accruals. Deferrals involve prepaid expenses, unearned revenue, and similar items. Accruals involve accrued expenses and accrued revenue. Important rules are that cash is never involved in adjusting entries and adjusting entries always involve a revenue or expense account.
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This document outlines the key steps in completing the accounting cycle, including adjusting entries, preparing an adjusted trial balance, closing entries, and financial statements. It discusses adjusting entries for prepaid expenses, unearned revenues, and accrued revenues/expenses. It also covers closing entries, preparing the income statement from revenue/expense accounts, statement of owner's equity from capital/drawings, and balance sheet from assets/liabilities.
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This document provides information about getting fully solved assignments from an assignment help service. Students are instructed to send their semester, specialization name, and course details to the provided email address or call the phone number to receive help with their assignments. It then provides an example assignment question for a financial accounting course, asking students to journalize transactions, explain accounting objectives and categories of users, define goodwill and provide journal entries for admission of a new partner, and differentiate between trade and cash discounts. The document provides an assignment for students to prepare final accounts from a trial balance with various adjustments.
This document provides instructions for the tutor marked assignment for the course ECO-02 Accountancy-1. It explains that the assignment is worth 30% of the final grade and must be submitted by March 15th or September 15th to be eligible to take the term-end exam. It contains 5 questions assessing all blocks of the course content. Question 1 defines accounting and explains key concepts. Question 2 discusses the relationship between journals and ledgers and how to rectify errors. Question 3 provides a consignment transaction case study. Question 4 gives incomplete cash book information for a merchant and asks to prepare financial statements. Question 5 discusses the differences between income/expenditure and receipts/payments accounts and the treatment of depreci
The document discusses a trial balance, which is a list of ledger account balances on a given date arranged in debit and credit columns. A trial balance can help detect certain errors and is used to prepare financial statements. It summarizes balances extracted from the books of Mohan Kumar on March 31, 2010, including assets, expenses, revenues, and equity accounts. The balances are arranged in a trial balance with equal totals of Rs. 44,900 on both sides.
This document provides instructions for the tutor marked assignment for the Elective Course in Commerce ECO-02: Accountancy–1. It outlines that [1] the assignment is valid for the July 2012 and January 2013 admission cycles, [2] the assignment should be submitted to the coordinator by March 15th or September 15th depending on the admission cycle to be eligible for the term-end exam, and [3] late submissions within one month of receiving study materials will be accepted. The document then provides five questions for the assignment covering topics like accounting concepts, journal entries, preparation of accounts for consignment, incomplete records, and methods of recording depreciation.
This document contains sample questions and explanations about accounting elements and principles for a small business. It includes questions about defining owner's equity, classifying creditors as a liability, how cash sales meet the definition of revenue, treating prepaid insurance as an asset, and how unpaid wages meet the definition of an expense. The document provides context and questions to help understand accounting concepts like assets, liabilities, equity, revenue, and expenses.
Terry Teagle opened a cleaning business called Terry's Cleaning Service on September 1, 2015. Over the next week, the business engaged in several financial transactions including depositing startup capital, purchasing equipment and furniture, taking out a loan, withdrawals, payments to creditors, and sales of assets. For each transaction, the document provides the updated balance sheet and accounting equation for the business.
This document provides information about obtaining fully solved assignments. It instructs students to send their semester and specialization name to an email address or call a phone number to receive assignments. It then provides an example assignment for BBA203 Financial Accounting, including sample questions and answers. The assignment covers topics like journal entries, accounting objectives, treatment of goodwill, differentiation of trade and cash discounts, features and objectives of final accounts, and preparation of trading, profit and loss statements and a balance sheet.
Accounting Global 9th Edition Horngren Solutions Manualmelofufa
This document contains sample exercises and solutions for recording business transactions in journals and preparing trial balances. It includes multiple journal entries recording various business transactions, as well as trial balances for several sample businesses. The exercises cover key accounting concepts like debits and credits, normal balances of accounts, and preparing and analyzing trial balances.
This document discusses signal detection and classification techniques in cognitive radio systems. It begins with an introduction to cognitive radio and the importance of spectrum sensing. It then reviews several existing spectrum sensing techniques, including matched filter detection and energy detection. The key focus is on cyclostationary feature detection, which exploits the periodicities in signal statistics. The document proposes combining cyclostationary analysis with support vector machines for signal detection and classification in cognitive radios. It describes selecting spectral coherence characteristic parameters and choosing the optimal kernel and parameters for the support vector machine classifier. Performance analysis is provided over Gaussian and IEEE 802.22 WRAN channels. The proposed approach is found to be more effective than other classifiers like binary decision trees and multilayer perceptrons,
This document provides information about getting fully solved assignments from an assignment help service. It lists an email address and phone number to contact for assistance with assignments for various MBA programs and semesters. It then provides a sample assignment question related to corporate banking that covers topics like types of letter of credit documents, the role of EXIM bank in pre-and post-shipment finance, channel banking programs in Indian banks, the book building process for IPOs, and issues and challenges of corporate banking.
This document provides information about getting fully solved assignments for various subjects and semesters in MBA. It includes contact information for an assignment help service via email or phone call. Students can send their semester, specialization, and subject code to get relevant past assignments that are fully solved. Details are provided on 6 sample assignments for the subject MU0015 – Compensation and Benefits, covering topics like compensation management, employee benefits, incentive schemes, pay structures, and wage policy plans in India.
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.
SMU_MBA-Solved-Assignment-Mb0041 financial and management accounting spring20...pkharb
This document provides details of an assignment for a Financial and Management Accounting subject in an MBA program. It includes 5 questions related to analyzing transactions under the traditional accounting approach, journal entries for errors detected in a trial balance, preparing an adjusted trial balance, analyzing trend ratios for Infosys Technologies Ltd over 5 years, and explaining cash flow analysis and the preparation of a cash flow statement.
This document discusses key accounting concepts related to accrual basis accounting, adjusting entries, and accounting for various transactions through journal entries. It defines accrual basis and cash basis accounting. It explains that adjusting entries are made at the end of an accounting period to properly state accounts and recognize revenues and expenses according to the matching principle. Various types of adjusting entries are described for expenses/revenues due or received, prepaid/deferred items, closing stock, depreciation, bad debts, and more. Examples of adjusting entries for specific transactions are provided.
Mb0041 financial and management accounting-SMU Solved MBA semester 1 Assignmentpkharb
This document provides the details of an assignment for a subject on financial and management accounting. It includes 6 questions assessing various topics like analyzing transactions, detecting and correcting errors in a trial balance, preparing adjusted trial balances, trend analysis, cash flow statements, and comparing absorption and marginal costing. The assignment is out of a total of 60 marks and provides the evaluation scheme for each question.
An adjusting entry involves both an income statement account (revenue or expense) and a balance sheet account (asset or liability) to record unrecognized income or expenses for the period. There are two categories of adjusting entries: deferrals and accruals. Deferrals involve prepaid expenses, unearned revenue, and similar items. Accruals involve accrued expenses and accrued revenue. Important rules are that cash is never involved in adjusting entries and adjusting entries always involve a revenue or expense account.
Dear students get fully solved assignments
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Dear students get fully solved SMU MBA assignments
Send your semester & Specialization name to our mail id :
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or
Call us at : 08263069601
This document provides information about obtaining fully solved assignments for the SMU BBA Spring 2014 semester. Students can send their semester and specialization details to help.mbaassignments@gmail.com or call 08263069601 to receive assignments for subjects like Management Accounting, Budgetary Control, Absorption Costing, Working Capital, and Dividend Policy. The document includes sample answers to assignment questions to demonstrate the level of detail and explanations that will be provided.
This document outlines the key steps in completing the accounting cycle, including adjusting entries, preparing an adjusted trial balance, closing entries, and financial statements. It discusses adjusting entries for prepaid expenses, unearned revenues, and accrued revenues/expenses. It also covers closing entries, preparing the income statement from revenue/expense accounts, statement of owner's equity from capital/drawings, and balance sheet from assets/liabilities.
Mb0041 financial and management accountingsmumbahelp
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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Call us at : 08263069601
This document provides information about getting fully solved assignments from an assignment help service. Students are instructed to send their semester, specialization name, and course details to the provided email address or call the phone number to receive help with their assignments. It then provides an example assignment question for a financial accounting course, asking students to journalize transactions, explain accounting objectives and categories of users, define goodwill and provide journal entries for admission of a new partner, and differentiate between trade and cash discounts. The document provides an assignment for students to prepare final accounts from a trial balance with various adjustments.
This document provides instructions for the tutor marked assignment for the course ECO-02 Accountancy-1. It explains that the assignment is worth 30% of the final grade and must be submitted by March 15th or September 15th to be eligible to take the term-end exam. It contains 5 questions assessing all blocks of the course content. Question 1 defines accounting and explains key concepts. Question 2 discusses the relationship between journals and ledgers and how to rectify errors. Question 3 provides a consignment transaction case study. Question 4 gives incomplete cash book information for a merchant and asks to prepare financial statements. Question 5 discusses the differences between income/expenditure and receipts/payments accounts and the treatment of depreci
The document discusses a trial balance, which is a list of ledger account balances on a given date arranged in debit and credit columns. A trial balance can help detect certain errors and is used to prepare financial statements. It summarizes balances extracted from the books of Mohan Kumar on March 31, 2010, including assets, expenses, revenues, and equity accounts. The balances are arranged in a trial balance with equal totals of Rs. 44,900 on both sides.
This document provides instructions for the tutor marked assignment for the Elective Course in Commerce ECO-02: Accountancy–1. It outlines that [1] the assignment is valid for the July 2012 and January 2013 admission cycles, [2] the assignment should be submitted to the coordinator by March 15th or September 15th depending on the admission cycle to be eligible for the term-end exam, and [3] late submissions within one month of receiving study materials will be accepted. The document then provides five questions for the assignment covering topics like accounting concepts, journal entries, preparation of accounts for consignment, incomplete records, and methods of recording depreciation.
This document contains sample questions and explanations about accounting elements and principles for a small business. It includes questions about defining owner's equity, classifying creditors as a liability, how cash sales meet the definition of revenue, treating prepaid insurance as an asset, and how unpaid wages meet the definition of an expense. The document provides context and questions to help understand accounting concepts like assets, liabilities, equity, revenue, and expenses.
Terry Teagle opened a cleaning business called Terry's Cleaning Service on September 1, 2015. Over the next week, the business engaged in several financial transactions including depositing startup capital, purchasing equipment and furniture, taking out a loan, withdrawals, payments to creditors, and sales of assets. For each transaction, the document provides the updated balance sheet and accounting equation for the business.
This document provides information about obtaining fully solved assignments. It instructs students to send their semester and specialization name to an email address or call a phone number to receive assignments. It then provides an example assignment for BBA203 Financial Accounting, including sample questions and answers. The assignment covers topics like journal entries, accounting objectives, treatment of goodwill, differentiation of trade and cash discounts, features and objectives of final accounts, and preparation of trading, profit and loss statements and a balance sheet.
Accounting Global 9th Edition Horngren Solutions Manualmelofufa
This document contains sample exercises and solutions for recording business transactions in journals and preparing trial balances. It includes multiple journal entries recording various business transactions, as well as trial balances for several sample businesses. The exercises cover key accounting concepts like debits and credits, normal balances of accounts, and preparing and analyzing trial balances.
This document discusses signal detection and classification techniques in cognitive radio systems. It begins with an introduction to cognitive radio and the importance of spectrum sensing. It then reviews several existing spectrum sensing techniques, including matched filter detection and energy detection. The key focus is on cyclostationary feature detection, which exploits the periodicities in signal statistics. The document proposes combining cyclostationary analysis with support vector machines for signal detection and classification in cognitive radios. It describes selecting spectral coherence characteristic parameters and choosing the optimal kernel and parameters for the support vector machine classifier. Performance analysis is provided over Gaussian and IEEE 802.22 WRAN channels. The proposed approach is found to be more effective than other classifiers like binary decision trees and multilayer perceptrons,
This document provides information about getting fully solved assignments from an assignment help service. It lists an email address and phone number to contact for assistance with assignments for various MBA programs and semesters. It then provides a sample assignment question related to corporate banking that covers topics like types of letter of credit documents, the role of EXIM bank in pre-and post-shipment finance, channel banking programs in Indian banks, the book building process for IPOs, and issues and challenges of corporate banking.
This document provides information about getting fully solved assignments for various subjects and semesters in MBA. It includes contact information for an assignment help service via email or phone call. Students can send their semester, specialization, and subject code to get relevant past assignments that are fully solved. Details are provided on 6 sample assignments for the subject MU0015 – Compensation and Benefits, covering topics like compensation management, employee benefits, incentive schemes, pay structures, and wage policy plans in India.
A União Europeia está preocupada com o aumento da desinformação online e propôs novas regras para combater as notícias falsas. As novas regras exigiriam que as plataformas de mídia social monitorassem melhor o conteúdo, aumentassem a transparência da publicidade política e fornecessem ferramentas para os usuários denunciarem conteúdo enganoso. No entanto, algumas organizações temem que as novas regras possam limitar a liberdade de expressão.
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O documento descreve diversas famílias de plantas pertencentes às ordens Rosales, Geraniales, Myrtales incluindo suas características morfológicas como estrutura das folhas, flores e frutos. As famílias possuem importância econômica para produção de madeira, especiarias e alimentos ou são usadas para fins ornamentais.
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This document contains an assignment for a course on financial and management accounting. It includes 6 questions assessing various topics in accounting. Question 1 asks to analyze transactions under the traditional accounting approach. Question 2 involves journal entries for correcting errors in a trial balance. Question 3 is to draft an adjusted trial balance based on account adjustments. Question 4 computes trend ratios and comments on the financial performance of a company. Question 5 explains cash flow analysis and statement preparation. Question 6 discusses assumptions of marginal costing and differences between absorption and marginal costing.
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Foundations of Accounting IAccounting ProjectWritten by .docxbudbarber38650
Foundations of Accounting I
Accounting Project
Written by: Karen Pitsch
Special thanks to Donna Larner
Randiddle Co. is a merchandising business. Their account balances as of November 30, 2012 (unless otherwise indicated), are as follows:
110
Cash
$ 74,370
112
Accounts Receivable
6,178
113
Allowance for Doubtful Accounts
650
115
Merchandise Inventory
2,346
116
Prepaid Insurance
5,750
117
Store Supplies
2,850
123
Store Equipment
100,800
124
Accumulated Depreciation-Store Equipment
31,060
210
Accounts Payable
3,286
211
Salaries Payable
0
218
Interest Payable
0
220
Note Payable (Due 2017)
30,000
($6,000 to be paid in 2013)
310
Randiddle, Capital (January 1, 2012)
46,288
311
Randiddle, Withdrawals
60,000
312
Income Summary
0
410
Sales
296,130
411
Sales Returns and Allowances
10,020
412
Sales Discounts
7,200
510
Cost of Goods Sold
30,250
520
Sales Salaries Expense
34,400
521
Advertising Expense
18,000
522
Depreciation Expense
0
523
Store Supplies Expense
0
529
Miscellaneous Selling Expense
2,800
530
Office Salaries Expense
25,500
531
Rent Expense
24,200
532
Insurance Expense
0
533
Bad Debt Expense
0
539
Miscellaneous Administrative Expense
1,650
550
Interest Expense
1,100
Randiddle Co. uses the perpetual inventory system and the Last-in, First-out costing method. Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, First-out costing method, please ignore this step in the process. They also use the Allowance Method for bad debt.
The Accounts Receivable and Accounts Payable Subsidiary Ledgers along with the Inventory Control Sheet should be updated as each transaction affects them (daily).
Randiddle Co. sells three types of microwave ovens.
The sale prices of each are:
900 watt microwave: $199
1000 watt microwave: $299
1200 watt microwave: $499
During December, the last month of the accounting year, the following transactions were completed:
Dec.
1. Issued check number 2632 for the December rent, $2,200.
2. Sold two 1200 watt microwaves for cash.
4. Purchased four 1000 watt microwaves on account from Matt Co., terms 2/10,
n/30, FOB shipping point, $596.
5. Issued check number 2633 to pay the transportation charges on purchase of
December 4, $89. (NOTE: Debit Merchandise Inventory. Do not include shipping and purchase discounts to the Inventory Control sheet for this project.)
6. Sold six 1000 watt microwaves and four 1200 watt microwaves on account to Briana Co., invoice 891, terms 2/10, n/30, FOB shipping point.
8. Issued check number 2634 for refund of cash on sales made for ca.
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This document provides information about obtaining fully solved assignments. It includes a phone number and email address to contact for assistance and provides instructions to include semester and specialization when emailing. The document also notes that email conversation is preferred over repeated phone calls. It then provides a sample assignment question document that includes 6 questions related to accounting concepts, transactions, final accounts, bank reconciliation, and partnership accounts.
The document is a practice test for a financial accounting midterm at the National University of Singapore Business School. It consists of 25 multiple choice questions covering various topics in financial accounting, including the accounting equation, adjusting entries, trial balances, accounts receivable, and financial statements. Students are instructed to answer all questions by marking their responses on a scantron sheet within the allotted time of 1 hour and 15 minutes.
The document is a practice test for a mid-term exam in financial accounting. It consists of 25 multiple choice questions covering various concepts in financial accounting including the accounting equation, adjusting entries, trial balances, income measurement, and more. Students are instructed to answer all questions by marking their responses on a scantron sheet within the 1 hour and 15 minute time limit.
This document provides instructions and questions for a mid-term practice test in financial accounting for the National University of Singapore NUS Business School. It consists of 25 multiple choice questions covering topics like the accounting equation, adjusting entries, preparing financial statements, and calculating accounts receivable turnover rates. Students have 1 hour and 15 minutes to complete the test and are instructed to shade their answers on a scantron sheet using their name and student ID number for identification.
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1. The term “receivables” refers to cash to be paid to debtors. merchandise to be collected from individuals or companies. cash to be paid to creditors. amounts due from individuals or companies. 2. Three accounting issues associated with accounts receivable are depreciating, valuing, and collecting. depreciating, returns, and valuing. accrual, bad debts, and accelerating collections. recognizing, valuing, and accelerating collections. 3. When the
This document provides information about getting fully solved assignments for the BBA semester 5 Financial Management course. It includes the course code, credits, marks and 6 questions related to the course content. The questions cover topics like the roles and functions of finance, types of budgets, cost of capital, a capital budgeting problem, the capital budgeting process and importance of NPV, and cash planning, forecasting and budgeting. Students are instructed to send their semester and specialization details to a provided email or call a phone number to receive fully solved assignments.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of transactions from October, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances, adjusting and closing entries, and final financial statements. Students are graded based on accuracy of journal entries, posting, calculations, and proper formatting of required financial reports.
Measuring, Projecting, and Evaluating New Venture Financial PerformanceTim R. Holcomb, Ph.D.
This document provides an overview of key financial concepts for new venture finance including how to prepare and interpret balance sheets, income statements, cash flow statements, and various financial metrics and ratios. It discusses calculating and analyzing metrics like net cash burn rate, liquidity ratios, conversion periods, leverage ratios, and comparing company performance to industry peers. The document uses an example company to illustrate how to apply these concepts to a real-world case.
The document provides instructions for a course project involving completing the accounting cycle for a new small business called Rawls Repair Corporation. It includes a list of October transactions, a chart of accounts, and 10 requirements to journalize transactions, prepare trial balances and financial statements, record adjusting and closing entries, and prepare a post-closing trial balance. Completing the project involves using the general journal, T-accounts, and financial statements templates provided.
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Mb0041 financial and management accounting
1. Dear students get fully solved assignments
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ASSIGNMENT
DRIVE FALL 2015
PROGRAM MBADS / MBAHCSN3 / MBAN2 / PGDBAN2 / MBAFLEX
SEMESTER I
SUBJECT CODE & NAME MB0041- FINANCIAL AND MANAGEMENT ACCOUNTING
BK ID B1624
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q1. Analyze the following transaction under traditional approach.
18.1.2011 Received a cheque from a customer, Sanjay at 5 p.m. Rs.20,000
19.1.2011 Paid Ramu by cheque Rs.1,50,000
20.1.2011 Paid salary Rs. 30,000
20.1.2011 Paid rent by cheque Rs. 8,000
21.1.2011 Goods withdrawn for personal use Rs. 5,000
25.1.2011 Paid an advance to suppliers of goods Rs. 1,00,000
26.1.2011 Received an advance from customers Rs. 3,00,000
31.1.2011 Paid interest on loan Rs. 5,000
31.1.2011 Paid instalment of loan Rs. 25,000
31.1.2011 Interest allowed by bank Rs. 8,000
Analysis of transaction –with accounts involved-nature of account-affects and debit/credit
Answer :
Date Accounts Nature of Affects Debit/
Involved Account Credit
18.1.2011 Cash A/.c Real Cash iscomingin Debit
SanjayA/c. Personal Sanjayisthe giver Credit
19.1.2011 Ramu Ac. Personal Ramu isthe receiver Debit
Cash A/.c Real Cash isgoingout Credit
2. Q2. The trial balance of Nilgiris Co Ltd., as taken on 31st December, 2002 did not tally and the
difference was carried to suspense account. The following errors were detected subsequently.
a) Sales book total for November was under cast by Rs. 1200.
b) Purchase of new equipment costing Rs. 9475 has been posted to Purchases a/c.
c) Discount received Rs.1250 and discount allowed Rs. 850 in September 2002 have been posted
to wrong sides of discount account.
d) A cheque received from Mr. Longford for Rs. 1500 for goods sold to him on credit earlier,
though entered correctly in the cash book has been posted in his account as Rs. 1050.
e) Stocks worth Rs. 255 taken for use by Mr Dayananda, the Managing Director, have been
entered in sales day book.
f) While carrying forward, the total in Returns Inwards Book has been taken as Rs. 674 instead of
Rs. 647.
g) An amount paid to cashier, Mr. Ramachandra, Rs. 775 as salary for the month of November has
been debited to his personal account as Rs. 757.
(Pass journal entries and draw up the suspense account, Journal entries of all the transactions,
Suspense account with Conclusion)
Answer :
Serial No. Journal Entry Debit Credit
a) Suspense Account 1200
To Sales 1200
b) No Suspense AccountInvolved
3 From the given trial balance draft an Adjusted Trial Balance.
3. Adjustments:
1. Charge depreciation at 10% on Buildings and Furniture and fittings.
2. Write off further bad debts 1000
3. Taxes and Insurance prepaid 2000
4. Outstanding salaries 5000
5. Commission received in advance1000
Solution;-Ledger accounts Furniture and fittings a/c
Particulars Rs. Particulars Rs.
To bal b/d 500000 By Depreciation
By bal c/d
50000
450000
Total 500000 Total 500000
4 Compute trend ratios and comment on the financial performance of Infosys Technologies Ltd.
from the following extract of its income statements of five years. (inRs. Crore)
Preparation of trend analysis
Solution: Infosys Technologies Ltd.
Trend Analysis
Particulars
2010-11 2009-10 2008-09 2007-08 2006-07
Revenue 27,501 22,742 21,693 16,692 13,893
4. Operating Profit
(PBIDT)
8,968 7,861 7,195 5,238 4,391
5 Give the meaning of cash flow analysis and put down the objectives of cash flow analysis.
Explain the preparation of cash flow statement.
Answer : Meaning of cash flow analysis
A cash flow statement is one of the most important financial statements for a project or business.
The statement can be as simple as a one page analysis or may involve several schedules that feed
information into a central statement.
A cash flowstatementisalistingof the flowsof cashintoand outof the businessorproject.Thinkof
it as your checking account at the bank. Deposits are the cash inflow and withdrawals (checks) are
the cash outflows. The balance in your checking account is your net cash flow at a specific point in
time.
6 Write the assumptions of marginal costing. Differentiate between absorption costing and
marginal costing.
Answer : The Cost of a product of comprises of materials, labour, and over heads. On the basis of
variabilitytheycanbe broadlyclassifiedasfixedandvariable costs.Fixedcostsare those costswhich
remainconstantat all levelsof productionwithin a given period of time. In other words, a cost that
doesnotchange intotal but become.progressivelysmallerperunitwhenthe volume of production
increasesisknownas fixed cost. it is also called period cost eg. Rent, Salary, Insurance charges etc.
On the otherhand variable costare those cost whichveryin accordance with the volume of output.
To part it in another way. variable costs are uniform per unit. but their total fluctuates in direct
position to the total of the related activity or volume
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