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Internal
Assignment Applicable for December 2017 Examination
Financial
Accounting & Analysis
1. Mr. Berrybell wants to assess the
ability of an enterprise named Anyway, so as to confirm whether the enterprise
is capable to generate sufficient cash flows or not. Anyway submits the
following information for the year ended 31 March2017.
Particulars (Rs. In lacs)
Shares issued during the year 5
Capital assets purchased 1.5
proceed from sale of an asset 2
Dividend declared and paid 1
Increase in debtors 1.5
loss on sale of asset 0.2
net income before taxes 8.8
Depreciation & Amortisation 3.8
Discuss the relevance of preparing the
cash flow statement. Indicate and comment on the following
Cash from operation
Cash from investing activities
Cash from financing activities
Closing balance
2. You are being appointed as the
accounts executive of Jayesh Motiwala & Company. The principal business of
the company is dealing in pearl ornaments at its retail outlet in Jaipur. The
management is unaware about the relevance of accounting standard applicable
while accounting for the business. Your responsibility is to convince them to
comply with the Accounting Standards, by giving a brief presentation on the
objectives behind complying with the accounting standard and the benefits to
the enterprise by following the same. (10 Marks)
3. The following is the Balance Sheet of
Caterpillar Ltd as on 31st March 2017
|
Equity share capital
|
500000
|
Fixed assets
|
695800
|
|
preference share capital
|
300000
|
Stock
|
135000
|
|
Reserves & Surplus
|
255000
|
Debtors
|
145000
|
|
Creditors
|
45500
|
cash & Bank
|
150600
|
|
outstanding liabilities
|
25900
|
|
|
|
|
1126400
|
|
1126400
|
Ascertain -
a) Current ratio and liquid ratio. What
if the industry average for the same is 2 and 1 respectively. b) Capital
gearing ratio and interpret the same.
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