BB0012
Spring 2011(Feb-July)
Bachelor of Business Administration - BBA Semester 3
Subject Code – BB0012
Subject Name – Management Accounting
4 Credits
(Book ID: B0093)
Assignment Set- 1 (60 Marks)
=====================================
Note: Each question carries 10 Marks. Answer all the questions.
Q.1 Explain why management accountant role is critical in an organizational setup? [10 Marks]
Q.2 From the following data of Jagdish Company prepare (a) a statement of source and uses of working capital (funds) (b) a schedule of changes in working capital
Assets
2008
2007
Cash
1,26,000
Solved SMU Assignment
Contact
Email :
mba8182@gmail.com
Phone No :
09873669404
Price :
1000 Rs Per Semester
1,14,000
Short-term investment
42,400
20,000
Debtors
60,000
50,000
Stock
38,000
28,000
Long term Investment
28,000
44,000
Machinery
2,00,000
1,40,000
Building
2,40,000
80,000
Land
14,000
14,000
Total
7,48,400
4,90,000
Liabilities and Equity
Accumulated depreciation
1,10,000
60,000
Creditors
40,000
30,000
Bills Payable
20,000
10,000
Secured loans
2,00,000
1,00,000
Share capital
2,20,000
1,60,000
Share premium
24,000
Nil
Reserves and surplus
1,34,400
1,30,000
Total
7,48,400
4,90,000
Income statement
Sales
2,40,000
Cost of goods sold
1,34,600
Gross Profit
1,05,200
Less Operating expenses:
Depreciation – machinery 20,000
Depreciation – building 32,000
Other expenses 40,000
92,000
Net profit from operation
13,200
Gain on sale on long-term investment
4,800
Total
18,000
Loss on sale of machinery
2,000
Net Profit
16,000
Adjustments:
1) Machinery worth Rs.70000 was purchased and worth Rs.10000 was sold during the year [Accumulated depreciation on machinery is Rs.18000 after adjusting depreciation on machinery sold]. Proceeds from the sale of machinery were Rs.6000
Dividends paid during the year Rs.11600 [10 Marks]
Q.3 Explain why cash flow
Bachelor of Business Administration - BBA Semester 3
Subject Code – BB0012
Subject Name – Management Accounting
4 Credits
(Book ID: B0093)
Assignment Set- 1 (60 Marks)
=====================================
Note: Each question carries 10 Marks. Answer all the questions.
Q.1 Explain why management accountant role is critical in an organizational setup? [10 Marks]
Q.2 From the following data of Jagdish Company prepare (a) a statement of source and uses of working capital (funds) (b) a schedule of changes in working capital
Assets
2008
2007
Cash
1,26,000
Solved SMU Assignment
Contact
Email :
mba8182@gmail.com
Phone No :
09873669404
Price :
1000 Rs Per Semester
1,14,000
Short-term investment
42,400
20,000
Debtors
60,000
50,000
Stock
38,000
28,000
Long term Investment
28,000
44,000
Machinery
2,00,000
1,40,000
Building
2,40,000
80,000
Land
14,000
14,000
Total
7,48,400
4,90,000
Liabilities and Equity
Accumulated depreciation
1,10,000
60,000
Creditors
40,000
30,000
Bills Payable
20,000
10,000
Secured loans
2,00,000
1,00,000
Share capital
2,20,000
1,60,000
Share premium
24,000
Nil
Reserves and surplus
1,34,400
1,30,000
Total
7,48,400
4,90,000
Income statement
Sales
2,40,000
Cost of goods sold
1,34,600
Gross Profit
1,05,200
Less Operating expenses:
Depreciation – machinery 20,000
Depreciation – building 32,000
Other expenses 40,000
92,000
Net profit from operation
13,200
Gain on sale on long-term investment
4,800
Total
18,000
Loss on sale of machinery
2,000
Net Profit
16,000
Adjustments:
1) Machinery worth Rs.70000 was purchased and worth Rs.10000 was sold during the year [Accumulated depreciation on machinery is Rs.18000 after adjusting depreciation on machinery sold]. Proceeds from the sale of machinery were Rs.6000
Dividends paid during the year Rs.11600 [10 Marks]
Q.3 Explain why cash flow