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BAOU Accounting For Managers (Assignment-1) Solved Assignment 2024

Dr. Babasaheb Ambedkar Open University
Assignment-1
MBA Semester-1
Subject Code: MBA01C103
Subject: Accounting For Managers
Total Marks -15
Passing Marks – 06 marks
Q.1: Answer the following question in 800 words. (Any one) (4*1 = 4 Marks)
1) Discuss Various Users of Accounting Information.
OR
1) The following is the Balance Sheet of Shimla Ltd. on 31st March, 2020.
Particulars Note 31-3-19
(Rs.)
31-3-20
(Rs.)
I. Equities and Liabilities
Shareholder’ Funds:
Share Capital:
Equity shares Capital
Reserves and Surplus:
General Reserves
Profit and Loss A/c
Non Current Liabilities:
Long term Borrowing
10% Debentures
Current Liabilities:
Trade Payables: Creditors
Bills Payable
Short Term Provisions:
Provision for taxation
Proposed Dividend
Total
I. Assets
Non-Current Assets:
Fixed Assets
Tangible Assets:
Land & Building
Plant and Machinery
Intangible Assets:
Goodwill
Current Assets:
Inventories: Stock
Trade Receivables:
Debtors
Cash and Cash Equipment:
Cash Balance
Bank Balance
2,00,000
1,50,000
32,000
1,80,000
50,000
68,000
25,000
50,000
7,55,000
4,00,000
2,00,000
15,000
40,000
80,000
5,000
–
3,00,000
1,70,000
89,000
50,000
57,500
40,000
42,500
36,000
7,85,000
4,25,000
2,80,000
10,000
50,000
10,000
5,000
5,000
Total 7,55,000 7,85,000
Additional Information:
(1) On 1-4-2019 bonus share at 1 for every 2 shares were issued by capitalizing General
Reserve.
(2) Proposed dividend of last year was paid and income tax of Rs. 50,000 of last year was also
paid.
(3) Depreciation provided on Land-building was Rs. 30,000 and on Machinery was Rs. 40,000.
(4) Redeemable debentures were issued at 5% premium.
(5) Sold one machine for Rs. 35,000, the cost of which was Rs. 50,000 and the depreciation
provided on it was Rs. 10,000.
Prepare a cash flow Statement based upon above information.
Q.2: Answer the following questions in 400 words. (Any two) (2*2 = 04 Marks)
1) Give a Format of Balance sheet as per Schedule –III of Companies Act, 2013 .
2) Explain Financial Management & Strategic Management.
3) Discuss Advantages and limitation of Budget.
Q.3: Write a short note. (Any two) (2*2 = 04 Marks)
1) Cost Concept
2) Functions of Accounting
3) Features of Profit & Loss Account
4) Financial Leverage
Q-4: Do as directed: (0.5*6= 03 Marks)
1) Capital brought by the owner in the business is ______ for business.
(a) Liability
(b) Drawing
(c) Assets
(d) A & B
2) Which of the following is not the function of Accounting?
(a) interpreting
(b) Decision-making
(c) Forecasting
(d) Measurement
3) What is the formula for calculating net income on a profit and loss account?
(a) Net Income = Revenues – Expenses
(b) Net Income = Expenses – Revenues
(c) Net Income = Revenues + Expenses
(d) Net Income = Revenues / Expenses
4) Which of the following items is not a cash inflow?
(a) Borrowing or incurring any liability
(b) Repayment of loans and Debenture
(c) Sale of Fixed assets or Investment.
(d) Earning Operating Profit.
5) Determining Optimum Capital Structure is –
(a) An investment decision
(b) A financing Decision
(c) A Dividend Decision
(d) A Liquidity Decision
6) When demand forecasting is difficult, budget is prepared:
(a) Production
(b) Sales
(c) Flexible
(d) None of above

Dr. Babasaheb Ambedkar Open University (BAOU) MBA Solved Assignment