Explain the following terms: A. Home Country and Host Country B. Secured liability and Unsecured liability C. Capital expenses and Review expenses D. Cash Discount and Trade Discount E. Professional Tax and Fringe Benefit Tax F. Cash Transaction and Credit Transaction G. Tangible Assets and Intangible Assets
Journalize following transaction in the book of Gopal Snacks and prepare the cash account. January-1: Started a business of Namkeen with own savings as a sole proprietorship with cash of Rs. 1,50,000; Furniture of Rs. 50,000, Loan from SBI under Vishwakarma Yogjna of Rs. 1,00,000 January-2: Purchase the raw material worth Rs. 75,000 January-3: Sold the goods worth Rs. 1,35,000 to Jain Farsan Gruh January-4: Sold the goods worth Rs. 55,000 to Mohini Catering Services on credit January-5: Sold the goods to a big company i.e. Balaji under B2B contract worth Rs. 65,000 January-6: Purchase goods worth Rs. 30,000 on credit from Aashirwad Ltd. January-7: It is found that Mohini Catering Services become insolvent and only 50paise in a rupee is received as a full settlement.
[7 marks]Describe the importance of International Accounting with respect to current VUCA word.
[7 marks]What is XBRL? Discuss the benefits and limitation of XBRL. Page 1 of
[3 marks]Prepare the trial balance of M/s Mafatlal and Co. for the year ending 31st March, 2024 from the following balances. Items Amount in INR Items Amount in INR Land 2,50,000 Electricity Payable 2,000 Building 1,00,000 Sundry Debtors 40,000 Plant & Machinery 50,000 Bills Payable 60,000 Sales 2,50,000 Purchase 1,00,000 Commission received 25,000 Insurance expenses 1,00,000 Closing stock of Raw 15,000 Marketable securities 60,000 Material Work in progress 10,000 Cash in hand 25,000 Salaries 25,000 Finished goods 25,000 Wages payable 13,000 Cash at bank 35,000 Profit of the previous year 30,000 Sundry Creditors 1,00,000 Capital 3,55,000
[7 marks]Discuss the technique of DuPont Analysis with reference to choice of your company. Highlight the key points as a financial manager of the same company.
[7 marks]Discuss the role of Financial Manager in brief in MNC.
[7 marks]The financial data of two companies are provided for the year ended 31st March, 2024. Being a financial manager of the reputed firm, analyze the data using appropriate method. Amount in (‘000) Colgate India Ltd. Pantanjali Ltd. Items Year4 Year3 Year2 Year1 Year4 Year3 Year2 Year1 Net working 116 603 840 387 3485 4042 7028 4833 Capital Avg. Daily 72 60 50 42 109 86 73 63 expenses Income 85 65 55 45 250 147 200 154 Non-cash 12 10 8 4 45 47 40 35 expenses
[7 marks]What do you mean by Tax Neutrality and Tax Equity? Discuss in brief.
[7 marks]Discuss few Indian GAAPs in brief with appropriate example.
[7 marks]Why the users of accounting information keep eye on the accounting data of the firm? Discuss the list of users with their probable reasons in brief.
[7 marks]Define Accounting as an information system. Discuss the challenges faced by accountant with respect to international accounting. Page 2 of
[3 marks]The balance sheet and other information of HCL Ltd. is provided for two financial years as under. (Amount in INR) Particular 2022-23 2023-24 Sources of Fund Equity Share Capital 1,00,000 1,50,000 10% Preference Share Capital 50,000 50,000 Reserve and Surplus 50,000 30,000 12% Debentures 1,00,000 50,000 Total 3,00,000 2,80,000 Application of the Fund Land and Building 1,00,000 90,000 Machinery 90,000 90,000 Debtors 53,000 30,000 Bills Receivable 30,000 12,000 Stock 75,000 90,000 Bank Balance 15,000 35,000 Cash Balance 2,000 13,000 Total (a) 3,65,000 3,30,000 Less: Current Liability Creditors 30,000 20,000 Bills Payable 20,000 15,000 Bank Over Draft 10,000 10,000 Closing Stock 5,000 5,000 Total (b) 65,000 50,000 Total (a-b) 3,00,000 2,80,000 Additional Information: Particular 2022-23 2023-24 Sales 3,65,000 2,19,000 Cost of Goods Sold 2,19,000 1,46,000 Net Profit after tax but before Preference Dividend 35,000 47,500
[14 marks]From the above result, calculate Gross Profit and Net Profit ratio for both the years and interpret the result.
[7 marks]Find out Current Ratio and Liquid Ratio for the company and compare the result of both the years.
[7 marks]Calculate Debtors ratio and Debt-Equity ratio for both the years and compare the results.
[7 marks]Calculate Return on Shareholder’s fund and Capital Gearing Ratio for both the years. Page 3 of
[3 marks]