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Q. Choose an Indian Company of your choice that has adopted Balance Score Card and detail on it.
Q.What is a cash budget? How it is useful in managerial decision making?
Q. From the following data of Jagdish Company prepare (a) a statement of source and uses of working capital (funds) (b) a schedule of changes in working capital
Assets
2008
2007
Cash
1,26,000
1,14,000
Short-term investment
42,400
20,000
Debtors
60,000
50,000
Stock
38,000
28,000
Long term Investment
44,000
Machinery
2,00,000
1,40,000
Building
2,40,000
80,000
Land
14,000
Total
7,48,400
4,90,000
Liabilities and Equity
Accumulated depreciation
1,10,000
Creditors
40,000
30,000
Bills Payable
10,000
Secured loans
1,00,000
Share capital
2,20,000
1,60,000
Share premium
24,000
Nil
Reserves and surplus
1,34,400
1,30,000
Income statement
1,34,600
Cost of goods sold
1,05,200
Gross Profit
92,000
Less Operating expenses:
Depreciation - machinery 20,000
Depreciation - building 32,000
Other expenses 40,000
13,200
Net profit from operation
4,800
Gain on sale on long-term investment
18,000
2,000
Loss on sale of machinery
16,000
Net Profit
Adjustments:
1) Machinery worth Rs.70000 was purchased and worth Rs.10000 was sold during the year [Accumulated depreciation on machinery is Rs.18000 after adjusting depreciation on machinery sold]. Proceeds from the sale of machinery were Rs.6000
2) Dividends paid during the year Rs.11600
Prepare the appropriate journal entries for the depositis received and returned during 2011. Find out the liabiltiy for refurndable deposits to be reported on the December 31, 2011, balance sheet.
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