.5 9.00 18.00 7 8.5 17.00 2.00 An auditor criticized these expenses as excessive asserting that the average expense per day is Rs10/- (Rs 70 divided by 7). The salesman replhed that the average is only Rs 4: 20 (Rs105 divided by 25) and that in any evejt the median is the appropriate measure and is only Rs3. The auditor rejoined that
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HIRE PURCHASE SYSTEM A trader could sell goods either for cash or for credit. For goods sold on credit‚ the payments may be made by the buyer in lump sum on a future date‚ or in installments spread over for a specified period of time. When goods are sold on credit‚ for which payment is made by the buyer in installments over a period of time‚ it is called purchase system or installment system. Hire Purchase System defers to the system wherein‚ the seller of goods delivers the goods to the
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com Charges rs 125/subject and rs 700/semester only. if urgent then call us on 08791490301‚ 08273413412 our website is www.smuassignment.in Fall 2014 MB0041- FINANCIAL AND MANAGEMENT ACCOUNTING Q1. Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚000 19.1.2011 Paid Ramu by cheque Rs.1‚50‚000 20.1.2011 Paid salary Rs. 30‚000 20.1.2011 Paid rent by cheque Rs. 8‚000 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 25
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shares of Rs.100/- each. The share amount was payable as under : – Rs.20/- on Application Rs.30/- on Allotment Rs.20/- on First Call & Rs.30/- on Final Call Applications were received for 10‚000 shares. All moneys were called and duly received. Pass necessary journal entries and prepare ledger account and Balance Sheet. Q. 2 A Company issued Rs.5‚00‚000/- new capital divided into Rs.10/- shares at a premium of Rs.4/- per share payable as On Application Re.1/- per share On Allotment Rs.4/- per share
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BUDGETARY CONTROL Budget is a plan which is expressed in terms of definite members: Eg. of a plan – Production has to be increased in the next quarter Eg. of a budget – Production has to improve by 10000 units from the last quarter to the next quarter. Definitions: According to ICMA “budget is a financial & / quantitative statements‚ prepared & approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaining a given objective. They may
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Amount (Rs.) 45‚000 Amount (Rs.) 15‚000 15‚000 15‚000 Ans 5. The amount of Capital Called up that has not been paid by the shareholders is called ‘Calls in Arrears’. Ans 6. The amount of interest is payable on Calls in Advance will be @ 6% per annum. Ans 7. Issue of debenture as collateral security means that debentures issued as security of loan in addition to prime security. Ans 8. (a) Table showing Adjustment Particulars Profit to be distributed (1:1:1) (Rs. 45‚000 + Rs. 30‚000
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Karachi Subject MONTHLY ALLOWANCE The managing committee of the University Alumni Cooperative Housing Society in its meeting held on had unanimously approved on honoraria/allowance of Rs.10‚000/-p.m. so far an amount of Rs. Only has given to me. It is therefore‚ requested that an amount of Rs. as monthly honoraria / allowance outstanding upto 29th February 2014‚ may kindly be given to me. Thanks ASADULLAH KHAN Hon. Secretary General March 17‚ 2014 THE TREASURER
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Question No 1 A choice is to be made between two competing projects which requires an equal investment of Rs 50‚000 and are expected to generate net cash flow as under: Project 1 Project 2 End of year 1 Rs.50‚000 Rs.20‚000 End of year 2 Rs.30‚000 Rs.24‚000 End of year 3 Rs.20‚000 Rs.36‚000 End of year 4 Nil Rs.50‚000 End of year 5 Rs.24‚000 Rs.16‚000 End of year 6 Rs.12‚000 Rs.8‚000 The cost of capital of the company is 10% .The following are the Present Value Factors @ 10% per annum:
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SUBMISSION: 25.02.2011- FRIDAY 1.a) X Ltd. issues Rs.50‚000 8% debentures at par. The tax rate applicable to the company is 50%. Compute the cost of debt capital. b) Y Ltd. issues Rs.50‚000 8% debentures at a premium of 10%. The tax rate applicable to the company is 60%. Compute cost of debt capital. c) A Ltd. issues Rs.50‚000 8% debentures at a discount of 5%. The tax rate is 50%‚ Compute the cost of debt capital. d) B Ltd. issues Rs.1‚00‚000 9% debentures at a premium of 10%. The costs
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Revision of Pay Scales of Teachers and equivalent cadre in Degree/ Diploma Level Technical Education as per AICTE Scheme (6th Pay Commission) Dr.Babasaheb Ambedkar Technological University‚ Lonere‚ University Departments‚ All University Affiliated Government and Non Government Aided Colleges & MSBTE affiliated Government and Non Government Aided Polytechnics conducting Professional Degree/Diploma Courses such as Engineering‚ Pharmacy‚ Architecture‚ Management etc.‚ GOVERNMENT OF MAHARASHTRA Higher
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