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MBA104 FINANCIAL AND MANAGEMENT ACCOUNTING

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MBA104 FINANCIAL AND MANAGEMENT ACCOUNTING
MBA SEMESTER I
MBA104 - FINANCIAL AND MANAGEMENT ACCOUNTING
Q1. Based on the following information prepare the Balance Sheet of Star Enterprises
Ltd. as on 31st March 2016. Show workings and assumptions, if any.
Current Ratio
2.5
Liquidity Ratio
1.5
Net working Capital
Rs. 6,00,000
Inventory turnover Ratio
5
Ratio of gross profit to Sales
20 %
Turnover Ratio to net fixed assets
2
Average Debt collection period
2.4 months
Fixed Assets to net worth
0.8
Long term debt to capital and reserve
7/25 = 0.28
Answer:
Balance Sheet of Star Enterprises Ltd. as on 31st March 2016
Liabilities
Rs.
Assets
Rs.
Capital
1000000
Fixed Assets
1200000
Inventories
400000
Reserves
and 500000
Surplus
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Q2. Explain Balance Scorecard. Give an illustration of Balance Score Card.
The balanced scorecard is a contemporary performance measurement system for an
organisation. Traditionally, a company’s performance was measured only by using certain
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Q3. From the following Balance Sheet of ABC Ltd. as on 31. 03. 2015 and 31. 03. 2016,
prepare Cash Flow Statement as per AS-3 using the Indirect method:
Liabilities
31.03.2015
31.03.2016
Capital
50,00,000
50,00,000
Retained Earnings
26,50,000
36,90,000
Debentures
-
9,00,000
Current liabilities Creditors
8,80,000
8,20,000
Bank loan
1,50,000
3,00,000
Liability for Expenses
3,30,000
2,70,000
Dividend Payable
1,50,000
3,00,000
91,60,000
1,12,80,000
Plant and Machinery
27,30,000
40,70,000
Less : Depreciation
6,10,000
7,90,000
21,20,000
32,80,000
Current Assets Debtors
23,90,000
28,30,000
Less: Provision
1,50,000
1,90,000
22,40,000
26,40,000
Cash
15,20,000
18,20,000
Marketable Securities
11,80,000
15,00,000
Inventories
20,10,000
19,20,000
Prepaid Expenses
90,000
1,20,000
.
91,60,000
1,12,80,000
Assets
Additional Information:
1. Net profit for the year ended 31.03.2016, after charging depreciation Rs. 1,80,000 is Rs.
22,40,000.
2. Debtors of Rs. 2,30,000 were determined to be worthless and were written off against the
provisions for doubtful debts account during the year.
3. ABC Ltd. declared dividend Rs. 12,00,000 for the year 2015-16.
Sol: Cash Flow Statement as per AS-3 using the Indirect method for the year ended on 31st
March 2016
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Author
Rajesh Singh
Rajesh Singh5   documents Email
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