MBA I - RESEARCH ASSIGNMENT

___________________________________________________________________ Subject: Accounting For Management Semester: MBA I Instructor: Ms. Ethi Jain Last Date of Submission: 15th October, 2012 Purpose The purpose of the assignment is to help the students in evaluating all the accounting aspects of a business in order to ensure better and correct decision making. Learning Objectives To evaluate the students understanding on various sources of finance. To know the analytical abilities of the students regarding various cost concepts. To develop their understanding regarding the role and responsibility of a manager while Subject Code: MS 107 Batch: 2012 2014 Maximum Marks: 10

dealing with issues of management accounting Instructions: Assignment should be spiral bound on A-4 size sheet in typed form with times new roman style and font for heading should be 16, for subheading 14, and for normal text 12 with 1.5 line spacing. Unformatted or poorly formatted documents will be penalized Students have to submit the soft copy of the assignment on portal along with plagiarism

report for the same. If the plagiarism report shows that more than 40% content is copied from internet, the assignment will not to be accepted. Students have to submit hard copy along with plagiarism report at reception along with assignment submission form. (Detailed instructions/guidelines will be uploaded on portal) Note: Attempt any one question.

Section B Enroll no. 00180303912 02080303912 Question No. 1 Enroll no. 02180303912 04080303912 Question No. 2 Enroll no. 04180303912 06080303912 Question No. 3 Assignment no: 1
Question 1 The following is the trial balance extracted from the books of Akhilesh as on 30 September 2011: Name of the account Capital Account Plant and Machinery Furniture Purchases and Sales Returns Opening stock Discount Sundry Debtors/ Creditors Salaries Manufacturing wages Carriage outwards Provision for doubtful debts Rent, rates and taxes Advertisements Cash Total Debit Amount(Rs.) 78,000 2,000 60,000 1,000 30,000 425 45,000 7,550 10,000 1,200 10,000 2,000 6,900 2,54,075 Credit Amount(Rs.) 1,00,000 1,27,000 750 800 25,000 525 2,54,075

Prepare trading and profit and loss account for the year ended 30 september 2001 and a balance sheet on that date after taking into account the following adjustments: (a) Closing stock was valued at Rs, 34,220. (b) Provision for doubtful debts is to be kept at Rs. 500. (c) Depreciate plant and machinery @ 10% p.a. (d) The proprietor has taken goods worth Rs. 5,000 for personal use and additionally distributed goods worth Rs. 1,000 as samples. (e) Purchase of furniture Rs. 920 has been passed through purchases book.

Question 2
What sources of finance would you choose for the following company and support you answer with suitable explanation?

Constructions company

Transportation company Pharmaceutical company Specialized industrial equipments company Soap company Two Wheeler company Chemical company

Question 3
Why might an advertising agency use job costing for an advertising campaign by Pepsi, whereas a bank uses process costing to determine the cost of checking account withdrawal

Date: Place:

18th Sep 2012 Delhi

Signature Ms. Ethi Jain

-2-

HOD-MBA

Dean Academics

Director General