Contact No - 9773820734 (WhatsApp) Mail at – Projectreports94@gmail.com NMIMS Global Access School for Continuing Education (NGA-SCE) Course: Financial Accounting and Analysis Internal Assignment Applicable for December 2019 Examination
1. Wildcat Ltd, a manufacturing company sold a machinery for Rs 8 lacs at the year end. The company had purchased the machinery four years back for Rs 15 lacs and had depreciated the same using written down value method of depreciation @ 20%. As an accounts executive of Wildcat Ltd, calculate the WDV of the asset for the four years, accumulated depreciation for four years and profit/loss on sale, if any.
2. Mr. Shil Wants to record the financial transactions of his newly started business. Discuss what accounting steps/stages he need to adhere so that the transactions can be duly recorded and processed in order to prepare the financial statements. 3 a. Following information is available in respect of a company named, as Beta Ltd Particulars
Amount
Profit before taxes
Rs 50 lakhs
Dividend declared per share
Rs2
Price of the share prevalent on stock exchange
Rs 200