Financial and Management Accounting

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Fall 2012

Master of Business Administration- MBA Semester 1
MB0041 – Financial And Management Accounting - 4 Credits
(Book ID: B1624)
Assignment Set - 1 (60 Marks)
Note: Each question carries 10 Marks. Answer all the questions. 1. Explain the process involved in accounting.
2. The salaries paid in 2004 is Rs. 5,00,000; Salaries outstanding is
Rs. 20,000; Salaries paid in advance for 2004 is Rs. 30,000. What is the actual salary expenditure for 2004? Which accounting principle is involved in this and explain that principle.
3. Find the value of the following:
a. If the total assets are Rs. 87,000 and the liabilities are Rs. 47,000, find out the amount of capital.
b. If the capital of proprietor is Rs. 4,00,000 and the total assets are Rs. 6,00,000, what is the amount of liabilities to outsiders?
c. If creditors are Rs. 56,000, bank overdraft is Rs.1,00,000, and outstanding expenses are Rs. 8,000, what is the total amount of assets?
d. Fixed assets are Rs.70,000 and current assets are Rs.1,00,000 and the creditors are Rs.30,000. What is capital?
4. Enter the following transactions in the single column cash book of Gopichand. March, 2003
1st. Commenced business with cash

20000

2nd. Bought goods for cash

5000

3rd. Sold goods for cash

4000

4th. Goods purchased from Ravi Kumar

10000

10th. Paid to Ravi Kumar

7000

14th. Cash sales

8000

18th. Purchased furniture for office

4000

22nd. Paid wages

500

Fall 2012
25th. Paid rent

600

30th. Received commission

4000

30th. Withdrew for personal purpose

1000

Cash balance 170000
Hint: Goods Purchased from Ravi Kumar is a credit purchase.
5. Find out the missing figures.
Office stationery
5000

Purchased during the year
Closing stock

8000

25000

?

3000

Opening stock

Consumables

6000

?

24000

Consumed for the year

 Hint : Office stationery consumed for the year =27000
Consumables purchased during the year = 22000
6. Explain the tools of management accounting.

Master of Business Administration- MBA Semester 1

Fall 2012

MB0041 – Financial and Management Accounting- 4 Credits
(Book ID: B1624)
Assignment Set - 2 (60 Marks)
Note: Each question carries 10 Marks. Answer all the questions. 1. Compute trend ratios and comment on the financial performance of Infosys Technologies Ltd. from the following extract of its income statements of five years. (in Rs. Crore)

Particulars

2010-11

2009-10

2008-09

2007-08

2006-07

27,501

22,742

21,693

16,692

13,893

Operating Profit
(PBIDT)

8,968

7,861

7,195

5,238

4,391

PAT from ordinary
activities

6,835

6,218

5,988

4,659

3,856

Revenue

(Source: Infosys Technologies Ltd. – Annual Report)
Hint: The Revenue and Operating Profit (PBIDT) have almost doubled in four years. The

PAT from ordinary activities has increased by 77.26% in the same period. 2. What is fund flow analysis? What are the objectives of analysing flow of fund? From the following balance sheets of Joy Ltd., prepare a cash flow statement under indirect method.

Liabilities

2005

2006

Equity share capital

3,00,000

4,00,000

8% redeemable pref. share capital

1,50,000

1,00,000

General reserve

40,000

70,000

Profit and loss

30,000

48,000

Proposed dividend

42,000

50,000

Sundry creditors

55,000

83,000

Bills payable

20,000

16,000

Provision for taxation

40,000

50,000

6,77,000

8,17,000

Goodwill

1,15,000

90,000

Land and building

2,00,000

1,70,000

80,000

2,00,000

1,60,000

2,00,000

Stock

77,000

1,09,000

Bills receivable

20,000

30,000

Total
Assets

Plant
Sundry debtors

Fall 2012
Cash

15,000

10,000

Bank

10,000

8,000

Total

6,77,000

8,17,000

Additional Information
a) Depreciation of Rs.10,000 and Rs.20,000 has been changed on plant and building...
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