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Course: Financial Accounting and Analysis
NMIMS September 2018 solved assignments: Contact us at assignmentssolution@gmail.com
1. Aloka Innovative Business Solutions Pvt. Ltd, an HR outsourcing company based in Hyderabad provides temporary staff to ABC Management College, Hyderabad. The company entered into following transactions with VJIM and the hired employee. The company would provide an employee for the program office at Rs.30000 per month. ABC Management College prepaid the amount for the period January to June 2015 in December 2014. The financial year ends in December. Aloka pays salary of Rs. 20000 to the employee one month late as per contract with the employee. How do you record the above transactions in the books of Aloka in the months of December 2014 and January 2015?
(10 Marks)
2. Rocket Singh Software Ltd. and Aerodynamics Software Ltd. are two leading software companies based in Hyderabad. Rohit a fundamental analyst working with Ace Financials wants to choose one company where he can invest based on the data given about the company. Rohit believes that liquidity will dry in the short run and hence there is going to be lack of funds in the future. Suggest Rohit where he should invest?
Particular
FY 2017
FY 2018
Net Profit Margin
13%
13%
Asset Turnover
1.5
2.0
Financial Leverage
2
1.5
3. Chandana Brothers, is a chain of retail store located in Hyderabad. bought dress material worth Rs.10,00,000 from Pantaloon in March 2013 on credit basis and made the payment in April 2013. Its financial year starts from 1st April and ends with 31st March every year.
a. How would the transaction affect the Income Statement and Balance Sheet of Chandana Brothers as on 31st March 2013? (5 Marks)
b. How would the above transaction impact the income statement and balance sheet of Pantaloon as on 31st March 2014? (5 Marks)
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