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MS-04 Solved Assignment Accounting and Finance for Managers

Rs. 200.00

  • Version: 2016 Jan - June


Soft Copy: Yes

Q. "Accountancy is an Information System". Do you agree? Substantiate your answer with reasons. How does an Accountant help in planning and controlling a large commercial organization? Explain.

Answer. The main purpose of accounting is to provide information, which is critical for the success of business organizations.....

Q. The following are the Balance Sheets of XYZ Ltd. for the years ending 31st December, 2014 & 2015.

Particulars 

2014

2015

 

Rs

Rs

Liabilities

 

 

Equity Share Capital

2,00,000

3,30,000

Preference Share Capital

1,00,000

1,50,000

Reserves

20,000

30,000

Profit and Loss a/c

15,000

20,000

Bank overdraft

50,000

50,000

Creditors

40,000

50,000

Provision for taxation

20,000

 25,000

Proposed Dividend

15,000

  25,000

Total

4,60,000

 6,80,000

     

Fixed Assets

 

 

Less: Depreciation

2,40,000

3,50,000

Stock

40,000

50,000

Debtors

1,00,000

 1,25,000

Bills Receivable

20,000

 60,000

Prepaid expenses

10,000

 12,000

Cash in Hand

40,000

53,000

Cash in Bank

10,000

30,000

Total

4,60,000

6,80,000

Prepare the comparative balance sheet and study its financial position.

3. ABC Ltd. maintains their books of Cost Accounts under standard costing system in which the work-in-progress is debited with actual costs and credited with standard costs. The standard cost card for product X shows:

 

 

Cost Per Unit (Rs)

Direct material

1pc @ Rs 1.50

1.50

Direct labour

3hrs @ Rs 1.00

3.00

Factory overhead

3hrs @ Rs 2.50

7.50

 

 

12.00

Based on Budgeted Factory overhead Rs. 7,500 and budgeted Labour hours 3,000. The following cost and production data are available for the month of March, 1998 in respect of product X.

Cost Data

1.

Actual material used in production

1,100 pcs @ Rs 1.60

2.

Analysis of pay Roll shows direct labour hrs.

2,700 pcs @ Rs. 1.20

3.

 Factory overhead as per Factory O.H control account

Rs 7,425

 

(to be charged to product X)

 

Production Data

Units completed

950 units

Units in closing WIP

100 units 50% completed

Cost of units remaining work- in- progress Account is transferred to work- in- progress
Inventory Account. You are required to compute all possible variances.

Answer......

Q. As a Manager what strategy you will adopt so that you are able to efficiently manage the cash in business?

Answer. Cash management is a broad term that refers to the collection, concentration, and disbursement of cash. .....

Q. Visit an organization of your choice and find out the investment appraisal methods that the organization follows. Write a note on your visit.

MS-04 Solved Assignment - IGNOU MBA

This page is dedicated to IGNOU Master of Business Administration (MBA) MS-04 Accounting and Finance for Managers Solved Assignment. You can download IGNOU MBA MS 4 Solved Assignments of 2016 Jan - June here.

Old Sample Answer

Q. What do you understand by Revenue Expenditure?
Answer. Revenue expenditure is the day-to-day expenditure that the organisation incurs as it goes about its business of producing and selling goods and services. Revenue expenses include materials, heating, lighting, admin and management salaries, stationery, photocopying, etc. They are the daily costs of doing business and are charged.......... Revenue expenditure usually has the following characteristics: It is the consequence of earlier capital acquisitions, It is short term, It is usually funded out of day-to-day revenue. As revenue costs do not form part of the fixed asset cost, they are expensed in the income statement in the period in which they are incurred........

Q. What do you understand by Capital Expenditure?
Answer. Capital expenditure is about spending money on long-term assets. Long-term assets could be things like plant, machinery and equipment. Capital expenditure could also be about developing products and brands that deliver a long-term return...... The main form of capital expenditure is on items used in the business over a long period of time for example, buildings, furniture, and equipment. These are usually referred to as long-term assets. Long-term assets may be tangible assets, such as those named above, or intangible assets such as investments in patents, copyrights...... Plans for capital expenditure must take into account how limited cash is today as well as 'the time value of money'. Constructing a capital expenditure plan requires us to produce a model of the cash flows associated with........


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