We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Amity assignment solution help, Amity assignment answers help, Assignment Help AMITY (Assignment) MBA Semester 1 Accounting For Manager 1st Block Assessments CASE STUDY Journalise the following transactions, post them in the ledger and balance the accounts in the books of Mr. Rajesh. 2011 ` Amount Jan. 1 Started business with cash 2,00,000 Jan. 3 Purchased goods for cash 60,000 Jan. 5 Sold goods to Shyam 60,000 Jan. 6 Sold goods for cash 20,000 Jan. 9 Received cash from Shyam 40,000 Jan. 13 Goods purchased from Ram 40,000 Jan. 20 Cash paid to Ram 20,000 Jan. 25 Paid office rent 4,000 Jan. 31 Paid salaries to staff 20,000 Jan. 31 Returned goods by Shyam 10,000 Question 1 "How much amount has been posted into ledger Capital account on January 1,2011" "2,00,000" "2,40,000" "1,50,000" "2,00,500" Question 2 "How much amount has been brought down (b/d) in ledger Capital account on February 1,2011" "2,00,000" "3,00,000" "1,75,000" "2,00,500" Question 3 "How much cash has been brought down (b/d) in cash ledger on February 1, 2011" "1,75,000" "2,40,000" "3,00,000" "1,56,000" Question 4 What is the value of Credit purchase? "1,00,000" "60,000" "1,20,000" "40,000" Question 5 What is the value of Credit sales ? "80,000" "60,000" "1,00,000" "20,000" Question 6 How much balance brought down (b/d) to the month of February in Shyam Ledger Account? "20,000" "23,000" "15,000" "10,000" Question 7 what is the debit (dr.) side total of journal entries for january month "4,74,000" "5,00,000" "3,50,000" "4,50,000" Question 8 Cash received during the month of january was . "2,60,000" "3,00,000" "2,50,000" "2,70,000" Question 9 Cash outflow during the month of january was... "1,10,000" "1,56,000" "1,04,000" "2,00,000" Question 10 Cash in Hand on January 31 was. "1,45,000" "2,00,000" "1,60,000" "1,56,000" Quiz Score: 100 out of 100 We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Amity assignment solution help, Amity assignment answers help, Assignment Help 2nd Block Assessments CASE STUDY Following is the trial balance of Amar as on 31st March, 2011: Amount Amount Capital Account 80,000 Drawing Account 6,000 Stock (1.4.2010) 45,000 Purchases 2,60,000 Sales 3,10,000 Furniture 10,000 Sundry Debtors 40,000 Freight and Octroi 4,600 Trade Expenses 500 Salaries 5,500 Rent 2,400 Advertising Expenses 5,000 Insurance Premium 400 Commission 1,300 Discount 200 Bad Debts 1,600 Provision for Bad Debts 900 Creditors 20,000 Cash in hand 5,200 Bank 5,800 Goodwill (at cost) 20,000 4,12,200 4,12,200 Adjustments: (a) Stock on 31st March, 2011 was valued at Rs. 53,000. (b) Salaries have been paid only for 11 months. (c) Unexpired insurance included in the figure of Rs 400 appearing in trial balance is Rs 100. (d) Commission earned but not yet received amounting to Rs 122 is to be recorded in books of account. (e) Provision for bad debts is to be brought upto 3% of sundry debtors. (f) Manager is to be allowed a commission of 10% of net profits after charging such commission. (g) Furniture is depreciated @10% per year. (h) Only 1/4th of advertising expenses is to be written off. Prepare trading and profit and loss account for the year ended 31st March, 2011 and balance sheet as on that date. Transferred Question 1 How much gross profit will be transferred to Profit & Loss Account? "60,000" "55,500" "53,000" "53,400" Question 2 Freight & Octroi expence will be debit (Dr.) to Account. None Both (a & b) P&L account Trading A/c Question 3 Amount of outstanding is .. 600 500 700 1000 Question 4 How much amount of advertising expenses is to be written off in 2011 3000 1500 1300 1250 Question 5 How much Insurance Permium expence will be debit (Dr.) to P&L account? 300 250 400 500 Question 6 How much Bad Debts will be debit (Dr.) to P&L account. 2800 3700 1900 2000 Question 7 Net Profit of ABC Ltd. For the year ended 31st March 2011 is . 37520 36520 35000 37000 Question 8 Total Liabilities of ABC ltd. As on 31st March 2011 is .. "1,35,722" "1,30,500" "1,40,533" "1,35,000" Question 9 Debtors amount after provision for bad debts is "38,500" "38,200" "38,800" "38,900" Question 10 Value of Furniture after depreciation is 10000 9000 11000 10500 We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Amity assignment solution help, Amity assignment answers help, Assignment Help Quiz Score: 100 out of 100 3rd Block Assessments CASE STUDY The Balance Sheet as on 2002 and 2003 are as under: Liabilities 2002 2003 Assets 2002 2003 Equity share capital 100,000 125,000 Land & Building 50,000 75,000 General reserve 12,500 15,000 plant & machinery 57,500 55,000 Profit & Loss A/C 10,000 7,500 stock 10,000 12,500 Creditors 5,000 6,250 Debtors 7,500 10,000 Bills payable 3,750 7,500 cash & bank 5,000 7,500 outstanding expenses 1,250 3,750 Bills receivable 2,500 5,000 Provident fund 7,500 5,000 Preliminary expenses 7,500 5,000 140,000 170,00 140,000 170,000 The Profit & Loss Account for 2002 & 2003 Particulars 2002 2003 Particulars 2002 2003 To, opening stock 5,000 10,000 By, Sales 62,500 112,500 Purchase 37,500 47,500 Closing stock 10,000 12,500 office 7,500 10,000 Profit on sale of 2,500 0 Question 1 Total Current assets of 2002 are . "22,500" "20,500" "25,000" "17,500" Question 2 Total Current Liabilities of 2003 are .. "22,500" "20,500" "17,500" "25,000" Question 3 What is the Current Ratio in 2002? 1.2:1 1.9:1 1:01 1.43:1 Question 4 What is the Current Ratio in 2003? 1.43:1 1:01 1.3:1 1.56:1 Question 5 value of Average Stock in 2002 is . "7,500" "7,000" "6,000" "10,000" Question 6 value of Average Stock in 2003 is . "7,500" "11,250" "9,000" "10,000" Question 7 what is the stock turn over ratio in 2002? 4.33 times 5 times 5.6 times 2 times Question 8 what is the stock turn over ratio in 2003? 2 times 4.33 times 5 times 4 times Question 9 Gross Profit Margin ratio in 2002 is . 48% 33% 20% 45% Question 10 Gross Profit Margin ratio in 2003 is . 57% 55% 50% 60% We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Amity assignment solution help, Amity assignment answers help, Assignment Help Quiz Score: 100 out of 100 4th Block Assessments Calculate – Value of raw materials consumed; Total cost of production Cost of goods sold and The amount of profit from the following particulars Question 1 Value of Direct Material consume is .. "60,000" "51,000" "70,000" "55,000" Question 2 Value of prime cost is "65,000" "80,000" "60,000" "73,000" Question 3 Total Factory Overheads expences are .. "6,700" "5,000" "5,700" "6,000" Question 4 Total Factory cost or Work Cost is .. "65,000" "80,000" "79,700" "78,700" Question 5 Total Office overheads expences are .. "5,000" "9,200" "8,200" "7,000" Question 6 Total value of cost of production is "80,000" "70,000" "79,700" "87,900" Question 7 Amount of cost of goods sold is . "88,900" "80,000" "86,900" "79,700" Question 8 Total Selling & Distribution overheads are "5,000" "3,000" "4,000" "6,000" Question 9 Cost of sales is .. "79,700" "89,900" "86,900" "87,900" Question 10 "as per the cost sheet, amount of profit is " "9,500" "11,500" "10,100" "12,000" Quiz Score: 100 out of 100 We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Amity assignment solution help, Amity assignment answers help, Assignment Help 5th Block Assessments CASE STUDY Illustration A company has annual fixed cost of Rs. 1,68,00,000. In the year 2013-14, sales amounted to Rs. 6,00,00,000 as compared with Rs. 4,50,00,000 in the preceding year 2012-13. The profit in the year 2013-14 is Rs. 42,00,000 more than that in 2012-13. On the basis of the above information, answer the following: (i) What is the break-even level of sales of the company? (ii) Determine profit/loss on the forecast of a sales volume of Rs.80,00,00,000 (iii) If there is a reduction in selling price by 10% in the financial year 2014-15 and company desires to earn the same amount of profit as in 2013-14, what would be the required sales volume? Question 1 "As per given information, what is the value of PV ratio?" 27% 28% 22% 25% Question 2 "after reduction in selling price, the value of PV ratio will be ." 30% 20% 25% 27% Question 3 What is the break-even level of sales of the company? "500,00,000" "840,00,000" "600,00,000" "80,00,000" Question 4 "Contribution for Sales Volume of Rs. 800,00,000 is " "56,00,000" "10,00,000" "200,00,000" "224,00,000" Question 5 "profit on the forecast of a sales volume of Rs. 80,00,00,000 is .." "50,00,000" "56,00,000" "70,00,000" "40,00,000" Question 6 "Contribution for Sales Volume of Rs. 600,00,000 for the year 2013-14 is .." "600,00,000" "100,00,000" "168,00,000" "150,00,000" Question 7 "If there is a reduction in selling price by 10% in the financial year 2014-15 and company desires to earn the same amount of profit as in 2013-14, what would be the required sales volume?" "840,00,000" "100,00,000" "800,00,000" "70,00,000" Question 8 Change in Profits/ Change in Sales = Contribution PV Ratio None EPS Question 9 P/V Ratio × Sales = .. Contribution None Profits Net Sales Question 10 Contribution Fixed costs= .. Sales Profits PV Ratio None Quiz Score: 100 out of 100 We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Amity assignment solution help, Amity assignment answers help, Assignment Help Full Syllabus Assessment CASE STUDY Balance Sheet of KK Ltd as on 31‐Mar‐2005 and 31‐Mar‐2006 31.03.05 31.03.06 31.03.05 31.03.06 Liabilities Rs in 000 Rs in 000 Assets Rs in 000 Rs in 000 Share Capital 1440 1920 Fixed Assets 3840 4560 Capital Reserve 48 Less: Depreciation 1104 1392 General Reserve 816 960 2736 3168 Profit & Loss Account 288 360 Investments 480 384 9% Debenture 960 672 Cash 210 312 Current Liabilities 576 624 Other Current assets (including stock) 1134 1272 Proposed Dividend 144 174 Preliminary Expenses 96 48 Provision for Tax 432 408 Unpaid Dividend 18 4656 5184 4656 5184 Additional Information 1. During the year 2005 ‐ 2006, Fixed Assets with a book value of Rs 2,40,000 (accumulated depreciation Rs 84,000) was sold for Rs 1,20,000 2. Provided Rs 4,20,000 as depreciation 3. Some investments are sold at a profit of Rs 48,000 and the Profit was credited to Capital Reserve This attempt took 2 minutes. 4. It was decided that stocks be valued at cost, whereas previously the practice was to value stock at cost less 10 percent. The stock was Rs 2,59,200 as on 31.03.2005. The stock as at 31.03.06 was correctly valued at Rs 3,60,000 5. It was decided to write off Fixed Assets costing Rs 60,000 on which depreciation amounting to Rs 48,000 has been provided. 6. Debentures are redeemed at Rs 105 Required: Prepare Cash Flow Statement Question 1 How Much fixed assets have been purchesed during the time period? "10,20,000" "12,00,000" "11,00,500" "9,00,000" Question 2 Cash received on sale of fixed assets "1,00,000" "1,20,000" "1,50,000" "9,00,000" Question 3 Net Profit Before tax and extradinary items is "8,79,600" "12,00,000" "9,00,000" "1,50,000" Question 4 final value of Depreciation for the time period is .. "4,20,000" "12,00,000" "1,50,000" "9,00,000" Question 5 Value of Loss on Sale of fixed assets is ... "9,00,000" "36,000" "8,79,600" "1,50,000" Question 6 value of Net Cash from Operating activities .. "1,50,000" "8,06,400" "12,00,000" "9,00,000" Question 7 Cash received on Sale of Investment .. "4,20,000" "1,44,000" "1,50,000" "12,00,000" Question 8 Amount of Dividend paid in financing activity .. "4,20,000" "1,26,000" "12,00,000" "1,50,000" Question 9 value of Net Cash from Investing activities "36,000" "12,00,000" "1,50,000" "(7,56,000)" Question 10 Value of Net Cash from Financing activities "1,50,000" "51,600" "4,20,000" "8,79,600" Quiz Score: 100 out of 100 Live Interactive Session Test Question 1 The accounts that records expenses, gains and losses are Personal accounts Real accounts Nominal accounts None of the above Question 2 The process of entering all transactions from the journal to ledger is called Posting Entry Accounting None of the above Question 3 The following is a statement showing the financial status of the company at any given time Trading account Profit and Loss statements Balance sheet Cash book Question 4 The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources Liquidity ratio Leverage ratios Activity ratios Profitability ratios Question 5 The measure of how efficiently the assets resources are employed by the firm is called Liquidity ratio Activity ratios Profitability ratios Leverage ratios Question 6 The term financial statement refers to… Income statement Cash flow Balance sheet All Question 7 Which technique used for figures of two or more periods are placed side by side to facilitate easy and meaningful comparisons? Comparative statement Common?size statement Trend Analysis None Question 8 A ………….. Reports on a company's cash flow activities, particularly its operating, investing and financing activities. Income statement cash flow statement Balance Sheet Profit and loss statement Question 9 Which of the following would be considered a ‘cash-flow item from an “investing” activity’? Cash outflow to the government for taxes. Cash outflow to purchase bonds issued by another company Cash outflow to shareholders as dividends. None Question 10 In the cash flow statement, ‘cash and cash equivalents’ include Bank balances and Cash balances Short-term investments readily convertible into Cash are subject to an insignificant risk of changes in value. Both (a) and (b). None Question 11 Which of these is not an objective of Cost Accounting? Ascertainment of Cost Determination of Selling Price Cost Control and Cost reduction Assisting Shareholders in decision making Question 12 Which of these is not a Material control technique: ABC Analysis Fixation of raw material levels Maintaining stores ledger Control over slow moving and non moving items Question 13 The deviations between actual and standard cost is known as Multiple analysis Variable cost analysis Variance analysis Linear trend analysis Question 14 Which of the following variance arises when more than one material is used in the manufacture of a product Material price variance Material usage variance Material yield variance Material mix variance Question 15 Under marginal costing the cost of product includes Prime costs only Price costs and variable overheads Prime costs and fixed overheads Prime costs and factory overheads Quiz Score: 150 out of 150 We Also Provide SYNOPSIS AND PROJECT. Contact www.kimsharma.co.in for best and lowest cost solution or Email: amitymbaassignment@gmail.com Call: +91 82907-72200 (Call/WhatsApp) or +91 88003-52777 (WhatsApp Only) Amity assignment solution help, Amity assignment answers help, Assignment Help