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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting and Analysis
Internal Assignment Applicable for December 2019 Examination
Assignment Marks: 30

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. (10 Marks)

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. (10 Marks).

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
Applicable tax rate	35%
Share capital of company 5 lakh shares of Rs 10 each

Calculate-
· Earnings per share
· Dividend Pay-out Ratio
· Price earnings ratio
(5 Marks)
b. Prepare the cash flow statement from investing activities of Alpha Creative Ltd for the
year ended March31, 2019

Particulars	Amount
Plant acquired	160000
Claim received for loss of plant in fire	45500
Unsecured loans given to subsidiaries	595000
Interest on loan received from subsidiary companies	72500

· Also give reasons for the classification of above activities as inflow /outflow (5 Marks)
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