AFM@Research Assignment- Mba 1st

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MBA I - RESEARCH ASSIGNMENT

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Subject: Accounting For Management Subject Code: MS 107

Semester: MBA I Batch: 2012 2014

Instructor: Ms. Ethi Jain Maximum Marks: 10

Last Date of Submission: 15th October, 2012

Purpose

The purpose of the assignment is to help the students in evaluating all the accounting aspectsof a business in order to ensure better and correct decision making.

Learning Objectives

To evaluate the students understanding on various sources of finance.

To know the analytical abilities of the students regarding various cost concepts.

To develop their understanding regarding the role and responsibility of a manager while

dealing with issues of management accounting

Instructions:

Assignment should be spiral bound on A-4 size sheet in typed form with times new

roman style and font for heading should be 16, for subheading 14, and for normal text 12

with 1.5 line spacing. Unformatted or poorly formatted documents will be penalized

Students have to submit the soft copy of the assignment on portal along with plagiarism

report for the same. If the plagiarism report shows that more than 40% content is copied from

internet, the assignment will not to be accepted.

Students have to submit hard copy along with plagiarism report at reception along with

assignment submission form.

(Detailed instructions/guidelines will be uploaded on portal)

Note: Attempt any one question.


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Section B

Enroll no. 00180303912 02080303912 Question No. 1



Assignment no: 1

Question 1

The following is the trial balance extracted from the books of Akhilesh as on 30 September

2011:

Name of the account Debit Amount(Rs.) Credit Amount(Rs.)

Capital Account - 1,00,000Plant and Machinery 78,000 -

Furniture 2,000 -

Purchases and Sales 60,000 1,27,000

Returns 1,000 750

Opening stock 30,000 -

Discount 425 800

Sundry Debtors/ Creditors 45,000 25,000

Salaries 7,550 -

Manufacturing wages 10,000 -

Carriage outwards 1,200 -

Provision for doubtful debts - 525Rent, rates and taxes 10,000 -

Advertisements 2,000 -

Cash 6,900 -

Total 2,54,075 2,54,075

Prepare trading and profit and loss account for the year ended 30 september 2001 and a

balance sheet on that date after taking into account the following adjustments:

(a) Closing stock was valued at Rs, 34,220.(b) Provision for doubtful debts is to be kept at Rs. 500.

(c) Depreciate plant and machinery @ 10% p.a.

(d) The proprietor has taken goods worth Rs. 5,000 for personal use and additionallydistributed goods worth Rs. 1,000 as samples.

(e) Purchase of furniture Rs. 920 has been passed through purchases book.

Question 2

What sources of finance would you choose for the following company and support you

answer with suitable explanation?

Constructions company


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Transportation company

Pharmaceutical company

Specialized industrial equipments company

Soap company

Two Wheeler company

Chemical company

Question 3

Why might an advertising agency use job costing for an advertising campaign by Pepsi,whereas a bank uses process costing to determine the cost of checking account withdrawal

Date: 18th Sep 2012 Signature

Place: Delhi Ms. Ethi Jain

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HOD-MBA

Dean Academics

Director General

Documents

AFM@Research Assignment- Mba 1st