Financial Accounting & Analysis SEPTEMBER 2019
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Financial Accounting & Analysis
Financial Accounting & Analysis SEPTEMBER 2019
NMIMS SOLVED ASSIGNMENTS
NMIMS SOLVED 2019 ASSIGNMENTS
NMIMS UNIQUE ASSIGNMENTS
NMIMS 2ND SEM SEPTEMBER 2019

1. A dealer of Mobile TV has the following items in inventory as on March 31,2018

PLEASE FIND THE TABLE BELOW

Item Quantity Cost Price per

unit

Market price
per unit
Nokia 50 100000 98000
Samsung 70 88000 90000
Sony 100 120000 115000
Motorola 80 75000 76000

Discuss the accounting standard which talks about inventory valuation. Also, find out and
define the overall value of inventories as per the applicable accounting standard.

2. Define and Discuss the concepts of prepaid expenses and outstanding expenses and their
impact on the income statement and Balance Sheet of an Entity? In case of firm A which
largely has the balance of prepaid expenses and another firm B which largely has the balance
of outstanding expenses, what does this reflects? Discuss
(10 Marks)

3. a. A logistics company sold a car of Rs 2.5 lacs. The company had purchased the car three
years back for Rs 10 lacs and had depreciated the same using straight line method of
depreciation, assuming its useful life to be five years and a residual value of Rs77760.
Calculate the WDV after charging depreciation for third year, accumulated depreciation for
three years and profit on sale, if any. (5 Marks)
b. Consider the following transaction pertaining Ammar’s business-
1. started business with cash Rs 3 lacs
2. Purchased goods for cash Rs 1.2 lacs
3. purchased goods on credit Rs 60000
4. purchased furniture for cash Rs 20000
5. deposited RS 50000 in the bank
Perform transaction analysis for each transaction undertaken and present accounting equation
for these transactions. (5 Marks)
Get NMIMS SOLVED ASSIGNMENTS MBA
SEPTEMBER 2019 call us at 8510092683 or

mail us at

assignmentsplus.in@gmail.com

Visit us: www.assignmentsplus.in