Mba Ms- 3: Economic and Social Environment

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ASSIGNMENT
Course Code:MS - 04
Course Title:Accounting and Finance for Managers
Assignment Code:MS-04/SEM - II /2011
Coverage:All Blocks
Note : Answer all the questions and submit this assignment on or before 31st October 2011, to the coordinator of your study center.

1.Discuss and explain the relevance of the following accounting concepts a)Business entity
b)Money measurement
c)Continuity
d)Cost
e)Accrual
f)Conservatism
g)Materiality
h)Consistency
i)Periodicity

2.From the Profit and Loss Account of X Limited given below, find out the amount of funds from operations.

Profit and Loss Account of X Ltd.
For the year ending 31st December, 2010

To Salaries
To Printing and Stationery
To Advertisement
To Depreciation on Assets
To Discount on Issue of Shares
To Commission
To Good will written of
To Loss on Sale of Investment
To Establishment Expenses
To Provision for Taxation
To Net Profit

To General Reserve
To Proposed Dividend
To Balance c/dRs.
15,000
2,000
8,000
15,000
4,000

3,000
12,000

4,500
15,000
80,000
2,41,500
4,00,000

15,000
75,000
1,96,500
2,86,500
By Gross Profit b/d
By Profit on Sales of Fixed
Assets
By Dividend received

By Balance b/d
By Net Profit for the year
By Tax Refunds Rs.
3,70.000

20,000
10,000

4,00,000

25,000
2,41,500
20,000
2,86,500

3.What is CVP analysis? Does it differ from break-even analysis? 4.S Limited is considering for purchase of a machine. There are two possible machines which will produce the additional output. Details of these machines are as follows:

Machine x Machine Y
Rs. Rs.
Capital Cost
Sales at standard Price
Costs:
Labour
Materials
Factory Overheads
Administration Cost
Selling Costs
Expected life in years 60,000
1,00,000

10,000...
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