Debt and Trial Balance Essay

mount PROGRAM SEMESTER SUBJECT CODE & pattern BK ID CREDITS MARKS subsidisation WINTER 2013 MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2 1 MB0041 FINANCIAL AND prudence ACCOUNTING B1624 4 60 blood line Answer only questions. Kindly honour that answers for 10 marks questions should be well-nigh of 400 words. Each question is followed by evaluation scheme. Q. No Questions Marks gist Marks 1 pull the sorting of deems according to accounting comparison blast with its consequence and examples. Compare the tralatitious turn up with modern approach of accounting equation approach. Analyze the transaction under traditional approach.a. b. c. d. e. f. g. h. 20. 1. 2011 Paid salary Rs. 30,000 20. 1. 2011 Paid rakehell by cheque Rs. 8,000 21. 1. 2011 Goods withdrawn for in the flesh(predicate) use Rs. 5,000 25. 1. 2011 Paid an advance to suppliers of goods Rs. 1,00,000 26. 1. 2011 real an advance from customers Rs. 3,00,000 31. 1. 2011 Paid interest on lend Rs. 5,000 31. 1. 2011 Paid instalment of loan Rs. 25,000 31. 1. 2011 Interest allowed by bank Rs. 8,000 sort of accounting equation approach with meaning and examples Analysis of transaction with accounts involved-nature of accountaffects and debit/ extension 2 4 10 6The pursuance running game correspondence was extracted from the books of Chetan, a small businessman. Do you think it is refine? If not, rewrite it in the correct form. debit entrys origination Purchases Returns outwards Rs. Credits 8250 Capital 12750 gross sales 700 Returns inwards Rs. 10000 15900 1590 Discount get Wages and salaries Rent and rates assorted debtors coin bank Overdraft 800 2500 1850 7600 2450 Discount allowed Scooty Carriage charges assorted creditors Bills payable 800 1750 700 7250 690 Journal entries of all the legal proceeding Conclusion 3 6 10 4 From the given trial balance draft an Adjusted streak Balance.Trial Balance as on 31. 03. 2011 Debit balances Furniture and Fittings Buildings Rs. Credit balances Rs. 10000 Bank Over Draft 16000 500000 Capital Account 400000 gross sales Returns 1000 Purchase Returns 4000 no-count Debts 2000 Sundry Creditors 30000 Sundry Debtors 25000 Commission Purchases 90000 Sales Advertising 20000 Cash 10000 Taxes and indemnity 235000 5000 General Expenses 5000 7000 Salaries TOTAL 20000 690000 TOTAL 690000 Adjustments 1. 2. 3. 4. 5. film depreciation at 10% on Buildings and Furniture and fittings. Write off yet bad debts 1000 Taxes and Insurance pay 2000Outstanding salaries 5000 Commission received in advance1000 preparedness of ledger accounts Preparation of trial balance 4 6 10 4 Compute trend ratios and rumormonger 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 meshwork (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. yearly Report)Preparation of trend epitome Preparation of trend ratios 4 Conclusion 5 4 10 2 Give the meaning of cash fall summary and put down the objectives of cash track down analysis. Explain the preparation of cash accrue statement. Meaning of cash flow analysis Objectives of cash flow analysis 3 Explanation of preparation of cash flow analysis 6 2 10 5 Write the assumptions of marginal costing. signalize between absorption costing and marginal costing. Assumptions of marginal costing (all 7 points) 4 Differences of marginal and absorption costing (Includes all 8 6 points) 10