Ms. Shravani, our accounts manager, is responsible for overseeing financial activities at Mogra Enterprises
27-02-2024 18:33 Learning Mumbai 12 views Reference: 10892
Location: Mumbai
Price: ₹250
NMIMS ASSIGNMENT APRIL 2024,
NMIMS SOLVED ASSIGNMENT SOLUTION,
NMIMS SOLVED ANSWERSHEET APRIL 2024
MBA Solved Assignment Solutions
Project Report & Thesis
Contact us: - PRAKASH
Mobile: - +91- 9741410271
Email: - smu.assignment@gmail.com
Financial Accounting & Analysis
Q1. Prachi Industries purchased a land worth 2 crores, office fixtures and furniture worth Rs 50 lakhs. Five years back the company has purchased an investment property for Rs 5 crores out of which today they disposed of 20% of the property, at a realizable value of Rs 3 crores. As a consultant to the company discuss as per the needs of corporate reporting the nature of these items, how the above items need to be presented and disclosed in the corporate financial statement.
Q2. Ms. Shravani, our accounts manager, is responsible for overseeing financial activities at Mogra Enterprises. She ensures accurate bookkeeping and compliance with accounting assumptions. Her junior executive is confused about how the various accounting assumptions plays a vital role in accounting. Further she wants Ms Shravani to help her in understanding the difference between the accounting period assumption and separate entity assumption, Discuss how (you being) Ms. Shravani would like to explain all these in simple terms.
Q3. Perform the common Size analysis for the year
a. 2021
b. 2022
Statements of Income |
|
|
| 2021 | 2022 |
Operating revenues | 9,56,690 | 9,12,813 |
Operating expenses |
|
|
Personnel | 1,13,433 | 1,32,080 |
Fuel | 1,28,076 | 1,00,058 |
Purchased power | 1,54,910 | 1,34,488 |
Depreciation | 1,44,622 | 1,56,469 |
Maintenance | 92,717 | 86,261 |
Taxes other than income taxes | 63,266 | 63,220 |
Purchased services | 38,392 | 35,948 |
Other | 1,01,513 | 1,04,850 |
| 8,36,929 | 8,13,374 |
Operating income | 1,19,761 | 99,439 |
Other expenses (income): |
|
|
Interest expense | 36,727 | 36,771 |
Interest income | (61) | (82) |
Loss on impairment of fixed assets | 4,089 | 0 |
Other, net | 4,325 | 1,556 |
| 45,080 | 38,245 |
Income before special item and income taxes | 74,681 | 61,194 |
Special item: |
|
|
Reserve for drought | 1,747 | 712 |
Provision for income taxes: |
|
|
Current | 25,061 | 28,457 |
Deferred | 1,374 | (7,504) |
Net income | 46,499 | 39,529 |
NMIMS ASSIGNMENT APRIL 2024,
NMIMS SOLVED ASSIGNMENT SOLUTION,
NMIMS SOLVED ANSWERSHEET APRIL 2024
MBA Solved Assignment Solutions
Project Report & Thesis
Contact us: - PRAKASH
Mobile: - +91- 9741410271
Email: - smu.assignment@gmail.com
![Wipro Training for Business Analyst Coaching in Delhi, 110010 [100% Job, Update New MNC Skills in '24] SLA Consultants India,](https://myadshub.com/storage/files/in/13256/thumb-320x240-1b0ff35699dd57094e34bc4701304181.webp)
![Business Analyst Course in Delhi.110075. Best Online Data Analyst Training in Lucknow by IIM/IIT Faculty, [ 100% Job in MNC]](https://myadshub.com/storage/files/in/20781/thumb-320x240-ad3437c1cb154d9f6ae12fad44b5f34c.webp)
