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Title Name Amity Solved Assignment for Accounting for Manager MBA Assignment 2
University AMITY
Service Type Assignment
Course MBA
Semester Semester-I Course: MBA
Short Name or Subject Code Accounting for Manager
Commerce line item Type Semester-I Course: MBA
Product Assignment of MBA Semester-I (AMITY)
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Solved Assignment


  Questions :-

                                                             Accounting for Managers (EDL 105) - Semester I

Assignment A

QUESTION 1

"G Ltd. acquired assets worth Rs.75,000 from H Ltd. by issue of shares of Rs.10 at a premium of Rs.5. The number of shares to be issued by G Ltd. to settle the purchase consideration will be"                       

  1. 6,000 shares                      
  2. 7,500 shares                      
  3. 9,375 shares                      
  4. 5,000 shares

 

QUESTION 2

 "Gama Ltd. issued 10,000, 10% debentures of Rs.100 each at a discount of 10%. The entire amount is payable on application. Application were received for 12,000 debentures. The allotment of debentures was made on 10th October, 2006. The amount which should be credited to the debentures account on 10th October, 2006 will be"                       

  1. "Rs.12,00,000"                       
  2. "Rs.10,80,000"                       
  3. "Rs.9,00,000"                       
  4. "Rs.10,00,000"

 

QUESTION 3 

"Alfa Ltd. issued 20,000, 8% debentures of Rs.10 each at par. The debentures are redeemable at a premium of 20% after 5 years. The amount of loss on redemption of debentures should be:"                       

  1. "Rs.50,000"                       
  2. "Rs.40,000"                       
  3. "Rs.30,000"                       
  4. None of the above

 

QUESTION 4 

"Indigo Ltd. had 9000, 10% redeemable preference shares of Rs.10 each, fully paid up. The company decided to redeem these preference shares at par by the issue of sufficient number of equity shares of Rs.10 each fully paid up at a discount of 10%. The number of equity shares issued should be:"                    

  1. "9,000"                       
  2. "11,000"                       
  3. "10,000"                       
  4. None of the above

 

QUESTION 5 

Dividends are usually paid upon:                       

  1. Paid up capital                       
  2. Called up capital                       
  3. Issued capital                       
  4. Reserve capital

 

QUESTION 6

 "When shares are forfeited, the Called Up Amount on shares is debited to -"                       

  1. Shares Forfeited Account                       
  2. Capital Reserve Account                       
  3. General Reserve Account                       
  4. Capital Account

 

QUESTION 7 

Money spent to acquire or upgrade physical assets is known as:                       

  1. Revenue Expense                       
  2. Capital Expense                       
  3. Administrative Expense                       
  4. Operating Expense

 

QUESTION 8 

"If, Cost of machine = Rs.400, 000 Useful life = 5 years Residual value = Rs.25,000 Sale price = Rs.40, 000 Rate of depreciation = 40% What will be depreciation of machine after one years using diminishing balance method?"                       

  1. "Rs. 1, 60,000"                       
  2. "Rs. 11,840"                       
  3. "Rs. 34,560"                       
  4. "Rs. 34,860"

 

QUESTION 9 

Super quick assets do not include                       

  1. Closing stock                       
  2. Prepaid expenses                       
  3. Sundry debtors                       
  4. Both (a) & (b)

 

QUESTION 10 

Which of the following is not a short-term solvency ratio?                       

  1. Current Assets Ratio                       
  2. Defensive Interval Ratio                       
  3. Super Quick Assets Ratio                       
  4. None of these

 

QUESTION 11 

How cash flows are denominated in terms of both current assets and current liabilities?                       

  1. Increase in current assets and Decrease in current liabilities                       
  2. Decrease in current assets and Increase in current liabilities                       
  3. Increase in current assets and Increase in current liabilities                       
  4. Both (a) & (b).

 

QUESTION 12 

Cash flow analysis superior than the fund flow analysis due to                       

  1. Shorter span of cash resources are considered                       
  2. Real cash flows only taken into consideration                       
  3. Opening and closing cash balances are only considered                       
  4. "(a), (b) & (c)."

 

QUESTION 13 

Sale of the plant and machinery falls under the category of                       

  1. Non-current asset sale cash in flow                       
  2. Current asset sale cash out flow                       
  3. Non-current asset sale cash out flow                       
  4. None of the above

 

QUESTION 14 

Which of the following cannot be included in financing cash flows?                       

  1. Payments of dividends                       
  2. Repayment of debt principal                       
  3. Sale or repurchase of the company´s stock                       
  4. Proceeds from issuing shares.

 

QUESTION 15 

If cost of sales is Rs. 95,000, income from sales Rs. 200,000 and operating expenses Rs. 300,000. What will be net result?                       

  1. Rs. 1, 95,000 Losses                       
  2. Rs. 1, 95,000 Profits                       
  3. Rs 1, 05,000 Profits                       
  4. Rs1, 05,000 Losses

 

 

 

Assignment B 

QUESTION 1    Discuss the limitations of financial statements and point out how these limitations can be removed through management accounting.         

QUESTION 2    Explain different ratios coming under:

(a) Profitability ratios

(b) Overall measure of efficiency ratio

  Answers :-

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