Financial Accounting and Analysis - Assignment Home Work Help

Contact us: - Prakash

Call: - +919741410271

Email: - smu.assignment@gmail.com

Visit: - http://www.mbaassignmentsolutions.com/

 

Financial Accounting & Analysis

Q1. Prepare the journal by recording the following transactions:

TABLE BELOW

3-Dec	Mrs. Vinita started business by transferring amount from her saving account to the business bank account Rs500000
5-Dec	She Purchased godown to stock goods worth Rs 100000
7-Dec	She purchased goods for sale, costing her Rs 300000
8-Dec	She sold off the entire goods at Rs 500000, credit sales
10-Dec	She paid salary to employees Rs 20000 through bank account

 

2. Company DreamHigh Pvt. limited wants to distribute dividend to its shareholders. There are two types of dividend, which a shareholder can receive in any accounting year. Discuss the term dividend, its types, accounting treatment of dividend in the books of accounts and a brief towards how cash flow on account of dividend is reflected in the cash flow of a company.

Q3a. Following are the particulars available for Z and X, LLP

Retained earnings	668
Accounts receivable	240
Supplies	500
Salaries payable	167
Equipment	1000
Unearned revenue	475
Accounts payable	200
Cash	1170
Prepaid insurance	100
Common stock	1500

 

a. Calculate the amount of: -

·       Total assets

·       Total liabilities excluding stockholder equity

·       Total stockholders’ equity

Q3b. Discuss the advantages of preparing the Balance Sheet.

Financial Accounting and Analysis

Question 1

Pass necessary adjustment entries with narrations for the following adjustments:

1. Salaries outstanding Rs.250000

2. Prepaid Insurance Rs.40000

3. Interest accrued on investments Rs.50000

4. Commission received in advance Rs.28500

5. To provide 10% interest on capital of Rs.5500000

Question 2

You being the senior manager of Abacus Ltd, a company listed at BSE.As a matter of compliance you have to prepare the financial statements as per the guidelines given by the Companies Act 2013. Discuss at least ten instructions given under the respective section/schedule of the Act with regard to preparation and presentation of financial statement.

Question 3

a) For the year 2014-15, Tatoo’s limited earns Rs50 lacs before tax. Additional information available –

·         50000 Equity shares issued on 1.1.2010 @ Rs 100

·         Interest payable on Debentures @ 10 % on debentures worth 50Lacs

·         Corporate Tax 33.33 %.

Compute EPS

b) While preparing cash flow statement as per the AS-3 sufficient care is required to be taken with regard to non-cash transactions and extra-ordinary item. Discuss, with examples, how the items Non cash transactions and Extra-ordinary items are treated as per the Accounting standard 3.

CONTACT: PRAKASH

Mob:  +919741410271

Email: smu.assignment@gmail.com