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DRIVE PROGRAM SEMESTER SUBJECT CODE & NAME BK ID CREDITS MARKS

ASSIGNMENT WINTER 2013 MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2 1 MB0041 1)30 FINANCIAL AND MANAGEMENT ACCOUNTING B1 24 4 0

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Ea h question is followed by e!aluation s heme.

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Give the classification of Accounts according to accounting equation approach with its meaning and examples. Compare the traditional approach with modern approach of accounting equation approach. Analyze the transaction under traditional approach. a. b. . d. e. f. *. h. "0.1."011 #aid salary $s. %0&000 "0.1."011 #aid rent by heque $s. '&000 "1.1."011 (oods withdrawn for personal use $s. )&000 ").1."011 #aid an ad!an e to suppliers of *oods $s. 1&00&000 "+.1."011 $e ei!ed an ad!an e from ustomers $s. %&00&000 %1.1."011 #aid interest on loan $s. )&000 %1.1."011 #aid instalment of loan $s. ")&000 %1.1."011 ,nterest allowed by bank $s. '&000 4 + 10

-lassifi ation of a ountin* equation approa h with meanin* and examples Analysis of transa tion .with a ounts in!ol!ed/nature of a ount/ Rs. affe ts and debit0 redit

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The following trial balance was extracted from the books of Chetan a small businessman. !o you think it is correct" #f not rewrite it in the correct form.
Debits Rs. Credits

1to k #ur hases $eturns outwards

'")0 -apital 1"2)0 1ales 200 $eturns inwards

10000 1)300

4is ount re ei!ed 5a*es and salaries $ent and rates 1undry debtors 6ank 7!erdraft 8ournal entries of all the transa tions -on lusion %

'00 ")00 1')0 2+00 "4)0

4is ount allowed 1 ooty -arria*e har*es 1undry reditors 6ills payable

'00 12)0 200 2")0 +30 + 4 10

$rom the given trial balance draft an Ad%usted Trial &alance. Trial &alance as on '(.)'.*)(( !ebit balances 9urniture and 9ittin*s 6uildin*s 1ales $eturns 6ad 4ebts 1undry 4ebtors #ur hases Ad!ertisin* -ash :axes and ,nsuran e (eneral Expenses 1alaries :7:A; +s. Credit balances 10000 6ank 7!er 4raft )00000 -apital A ount 1000 #ur hase $eturns "000 1undry -reditors ")000 -ommission 30000 1ales "0000 10000 )000 2000 "0000 +30000 :7:A; +30000 +s. 1+000 400000 4000 %0000 )000 "%)000

Ad<ustments: Technologies ,td. from the following extract of its income statements of five years. 1. -har*e depre iation at 10= on 6uildin*s and 9urniture and fittin*s. ". 5rite off further bad debts 1000 %. :axes and ,nsuran e prepaid "000 4. 7utstandin* salaries )000 10 ). -ommission re ei!ed in ad!an e1000 #reparation of led*er a ounts #reparation of trial balan e 4 + 4

Compute trend ratios and comment on the financial performance of #nfosys

(in Rs. Crore)

-articulars $e!enue 7peratin* #rofit >#6,4:? #A: from ordinary a ti!ities

*)().(( "2&)01 '&3+' +&'%)

*))/.() ""&24" 2&'+1 +&"1'

*))0.)/ "1&+3% 2&13) )&3''

*))1.)0 1+&+3" )&"%' 4&+)3

*))2.)1 1%&'3% 4&%31 %&')+

34ource5 #nfosys Technologies ,td. 6 Annual +eport7 #reparation of trend analysis #reparation of trend ratios -on lusion ) 4 4 " 10

Give the meaning of cash flow analysis and put down the ob%ectives of cash flow analysis. 8xplain the preparation of cash flow statement. @eanin* of ash flow analysis 7b<e ti!es of ash flow analysis Explanation of preparation of ash flow analysis " % ) 10 10

9rite the assumptions of marginal costing. !ifferentiate between absorption costing and marginal costing. Assumptions of mar*inal ostin* >all 2 points? 4ifferen es of mar*inal and absorption ostin* >,n ludes all ' points? 4 +