Assignment_DMBA104_MBA 1 _Set-1 and 2_Nov_2021


JUL/AUG 2021







  1. Discuss 5 accounting concepts with suitable example of each concept.


  1. Business separate entity concept

This concept states that business is a separate entity and it is different from the proprietor or the owner. In this concept a company can own assets and incur liabilities in its own name. This separation not only has important legal implication but also has an accounting implication. This enables the business to segregate the transactions of the company from the private transactions of the proprietor(s). It

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2. Prepare trading account of XYZ for the year ending 31 March 2019 from the following information:

Purchases 13,00,000

Sales 15,00,000

Stock (April 1, 2018) 40,000

Wages 30,000

Carriage inwards 14,000

Returns outwards 3,000

Returns inwards 2,500

Freight 15,000

Additional information: Stock on 31 March 2019 was Rs. 1,70,000


Trading Account


3. Distinguish between management accounting and financial accounting.

Answer. Financial accounting is the preparation and communication of financial information to outsiders such as creditors, bankers, government, customers,  etc. Another objective of financial accounting is to give complete picture of the enterprise to shareholders. Management accounting on the other hand, aims at preparing and


4. The Balance Sheet of Punjab Auto Limited as on 31‐12‐2020 was as follows:

 Particulars Rs. Particular Rs. 
 Equity Share Capital 40,000 Plant and Machinery 24,000 
 Capital Reserve 8,000 Land and Buildings 40,000 
 8% Loan on Mortgage 32,000 Furniture & Fixtures 16,000 
 Creditors 16,000 Stock 12,000 
 Bank overdraft 4,000 Debtors 12,000 
  Taxation: Current Future    4,000 4,000 Investments (Short‐term) 4,000 
 Profit and Loss A/c 12,000 Cash in hand 12,000 

                    120000                             120000   

From the above, compute (a) Debt‐Equity Ratio and (b) Proprietary Ratio.


Debt Equity Ratio

The debt-to-equity (D/E) ratio is used to evaluate a company’s financial leverage and is calculated by dividing a company’s total liabilities by its shareholder equity. The D/E ratio is an important metric used in corporate finance. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. More specifically, it reflects the ability of shareholder equity to cover all outstanding debts in the event of a

5. State the purpose or objective of preparing a cash flow statement. Also give any two examples of cash flows from operating activities, investing activities and financing activities.


Meaning of Cash Flow Analysis

Cash flow analysis is an important tool of financial analysis. It is the process of understanding the change in position with respect to cash in the current year and the reasons

6. Discuss the steps involved in standard costing. Also state the Differences between Standard Costing and Budgetary Control.

Answer. Following are the steps involved in standard costing…

1. Establishment of standards

It is the first step in the standard costing process. Standards have to be set separately for each item of cost. It needs to be done very meticulously.

2. Comparison