FINANCIAL ACCOUNTING & ANALYSIS ARAVIND – 09901366442 – 09902787224
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ARAVIND – 09901366442 – 09902787224
FINANCIAL
ACCOUNTING & ANALYSIS
Question 1
Calculate Net cash flow from operating activities and discuss how
here the non-cash item and the
non-operating items are to be treated
Net profit for the year 155000
One of the machinery whose opening written
down value is 120000/- depreciation charged on the same Rs 15000 is sold at the
year-end for Rs 95000.Loss on sale of machinery included in above.
Interest received included in above
Rs2000
The opening balances of stock is Rs 50000/- and the closing
is Rs 55000/-
The opening balances of creditors is Rs 75000/- and the closing is Rs 90000/-
Question 2
You being the account’s manager of JVP Ltd in the online grocery
business. The account executive recognizes the income arising from lease
rentals on the basis of accounting standard -9 which talks about revenue
recognition.
You have a difference of opinion with him as this Accounting
standard is not applicable to income arising from lease agreement and other
income mentioned there. How will you make him understand what exactly AS-9
talks about?
Question 3
From the following information
|
Liabilities
|
Amount
|
Assets
|
Amount
|
|
Equity
share Capital
|
225000
|
Fixed
assets
(net
depreciation)
|
226000
|
|
Reserves
& Surplus
|
105000
|
Stock
|
48000
|
|
Bank
Over draft
|
115000
|
Debtors
|
72000
|
|
Creditors
|
55000
|
Bank
|
154000
|
|
Total
|
500000
|
Total
|
500000
|
Calculate –
a. Cash ratio and interpret the results.
b. Interpret how quick ratio is different from current ratio if
computed in the above scenario.
Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
ARAVIND – 09901366442 – 09902787224
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