Financial Accounting and Analysis

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NMIMS MBA ASSIGNMENT2019

• Financial Accounting and Analysis
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• Q1 One of your colleague is going to make a
  presentation in the sales meeting. However, he
  finds difficult to understand the difference
  between gross profit, operating profit and net
  profit. Explain these terms to your colleague by
  discussing how these are calculated and
  highlighting the relevant points.
• Q2 The provisions of AS-3 provide two methods
  for preparing the cash flow statement. Discuss
  how the manner of computation of cash flow from
  operating activities under direct method and
  under indirect method differs from each other.

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• Q3 On April 1st 2016 your company purchased an
  asset at a cost of 7 lacs and incurred Rs50000 on
  installation. The machinery being depreciated on
  WDV method every year. On March 31st 2019 , the
  machinery was sold for Rs4.5 lacs.
• a) Pass relevant journal entries to recognize the
  profit or loss and sale of asset
• b) Calculate the profit or loss on disposal,
  Calculate Closing book value and depreciation for
  the years 2016-19