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Solvezone Blog

Date:15-Sep, 2018 09:04 AM
Blog Titlle:Accounts
Blog:

tate the accounting assumption or principle that describes each of the given situations.

 

2.      The manager of a company who did not have proper accounting knowledge prepared the following balance sheet. He has wrongly classified the items under assets, liabilities and owners’ equity.

Owner’s Equity and Liabilities

Rs

Assets

Rs

Share Capital

10,00,000

Retained Earnings

5,00,000

Equipment

9,00,000

Land and Buildings

7,00,000

Cash

2,00,000

Long – term loan

4,00,000

 

 

Accounts Payable

2,00,000

 

 

Accounts Receivables

3,00,000

 

21,00,000

 

21,00,000

 

REQUIED:

Prepare the correct Balance sheet.

3.      Using Accounting Equation, Answer the following independent Questions.

 

a)      New Company’s assets are Rs 250 lakh and its external liabilities are of Rs 100 lakh, determine the amount of owner’s Equity.

b)      Royal Industries has total assets of Rs 100 lakh and owners’ Equity of Rs  70 lakh, Compute the amount of external liabilities.

c)      Small Enterprise has following amounts appearing in Balance Sheet as at 31stDecember, 2015:

Capital Rs 50 lakh, Reserves and undistributed profits Rs 15 lakh, and total external liabilities Rs 35 lakh, Determine the amount of total assets.

 

4.      Journalize the following transactions, Post them into ledger account and Prepare a Trial Balance

2017

March – 1 Commenced business with cash Rs.1,00,000

March – 2 Purchased goods for cash Rs. 25,000

March – 3 Purchased furniture for cash Rs. 6,000

March – 5 Purchased goods from Suresh on credit Rs. 5,000

March – 7 Sold goods for cash Rs. 30,000

March – 10 Sold goods to Mahesh on credit Rs. 25,000

March – 12 Returned goods to Suresh Rs. 500

March – 13 Mahesh returned us goods worth Rs. 500

March -15 Paid Rs. 4,450 to Suresh by cheque in full settlement of his account

March – 20 Received a cheque of Rs. 24,450 from Mahesh and gave a discount of Rs. 50

March – 25 Withdrew cash for personal use Rs. 2,500

March – 28 Paid rent of Rs. 5,000 and Salary Rs. 6,000 by cheque

 

BUSSINESS COMMUNICATION:-

 

Gradable Assignment (30 marks)

 

Subject: BC

Marks: 30

Prof. Sunil D Anto

 

Part 1:

Imagine that you have been hired to make “cold calls” to ask potential customers whether they are familiar with a new restaurant that has just opened in your neighborhood. Write a script for the phone call, considering all the components of an effective communication model (such as sender, receiver, key message, encoding, decoding, noise, etc.)

Part 2:

Make a list of business communication messages you observe for a one hour period of time. Rationalize any 5 of these messages.

Part 3:

 

Recall a time when you gave a speech in front of a group. How did you feel? What was your experience? What did you learn from your experience?

 

If you were asked to get the attention of your peers, what encoding & key message would you choose and why?

 

 

 

 

If you were asked to get the attention of someone like yourself, what encoding & key message  would you choose and why?

 

 

Does the communicator have a responsibility to the audience? And, does the audience have a responsibility to the speaker? Why or why not? 

 

Recall one time you felt offended or insulted in a business conversation. What contributed to your perception? 

 

 

ORGANISATIONAL BEHAVIOUR AND HUMAN RESOURCE MANAGEMENT:-

Gradable Assignment (30 marks)

 

Subject: OBHRM

Marks: 30

Dr. Mohan Gopinath

 

'Write approximately 350 words on the importance of open communications within an organization before a change process is introduced

 

PRINCIPAL OF MANAGEMENT:-

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