NMIMS – Financial Accounting & Analysis
NMIMS MBA Financial Accounting & Analysis Solved Assignment
Q1. In the NMIMS MBA Financial Accounting module, analyse the following transactions for Surprise Ltd. using the concept of Accounting Equation comprising of Assets, Liabilities and Equity. (10 Marks)
1. Commenced business with cash of ₹ 5, 00,000.
2. Purchased equipment for cash ₹ 2, 00,000.
3. Purchased furniture worth ₹50,000 on credit from IndiMart.
4. Purchased raw materials for ₹25,000 against cash from XYZ Suppliers.
5. Deposited cash of ₹ 1, 25,000 in the current account.
6. Sold goods for ₹75,000 and received a cheque against the same.
Q2. Prepare a vertical balance sheet from the following information: (10 Marks)
| Liabilities | Rs. | Assets | Rs. |
| Share capital Share Premium Account General Reserve Profit and Loss account 6% Debenture Bank Loan (Long Term) Bank Overdraft Sundry Creditors Provision for Taxation | 1,50,000 5,000 60,000 17,000 50,000 35,000 20,000 60,000 10,000 | Goodwill Land and Building Plant (at cost less dep.) Furniture (at cost less dep.) Investment (Trade) Debtors Stock Cash at Bank Prepaid expenses Preliminary expenses | 20,000 80,000 44,000 3,000 80,000 70,000 60,000 40,000 5,000 5,000 |
| Total Rs. | 4,07,000 | Total Rs. | 4,07,000 |
Q3. A) Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights. (5 Marks)
Q3. B) Prepare a trend analysis statement for any the same company extracting their P&L statement for the years 2019-20, 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights. (5 Marks)