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    Deacc506 23241 1

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    Sants Shady
    This document contains instructions for an accounting assignment with two questions. Question 1 asks the student to assess the impact of various transactions on the accounting equation of Bharat Motors from October 1-30. Transactions include the sale and purchase of stock, payment of liabilities and wages, sale and purchase of goods, purchase of equipment, and payment of rent and interest. Question 2 contains two parts. Part a asks the student to prepare a cash flow statement from the balance sheets provided for ITC Ltd. as of March 31, 2021 and 2022. Part b asks the student to evaluate ITC Ltd.'s cash position for the year ending March 31, 2022 relative to the previous year based on figures provided from the company's cash

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    Deacc506 23241 1

    Uploaded by

    Sants Shady
    183 views2 pages
    This document contains instructions for an accounting assignment with two questions. Question 1 asks the student to assess the impact of various transactions on the accounting equation of Bharat Motors from October 1-30. Transactions include the sale and purchase of stock, payment of liabilities and wages, sale and purchase of goods, purchase of equipment, and payment of rent and interest. Question 2 contains two parts. Part a asks the student to prepare a cash flow statement from the balance sheets provided for ITC Ltd. as of March 31, 2021 and 2022. Part b asks the student to evaluate ITC Ltd.'s cash position for the year ending March 31, 2022 relative to the previous year based on figures provided from the company's cash

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    22307560232_DEACC506_23241_1

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    This document contains instructions for an accounting assignment with two questions. Question 1 asks the student to assess the impact of various transactions on the accounting equation of Bharat Motors from October 1-30. Transactions include the sale and purchase of stock, payment of liabilities and wages, sale and purchase of goods, purchase of equipment, and payment of rent and interest. Question 2 contains two parts. Part a asks the student to prepare a cash flow statement from the balance sheets provided for ITC Ltd. as of March 31, 2021 and 2022. Part b asks the student to evaluate ITC Ltd.'s cash position for the year ending March 31, 2022 relative to the previous year based on figures provided from the company's cash

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    183 views2 pages

    Deacc506 23241 1

    Uploaded by

    Sants Shady
    This document contains instructions for an accounting assignment with two questions. Question 1 asks the student to assess the impact of various transactions on the accounting equation of Bharat Motors from October 1-30. Transactions include the sale and purchase of stock, payment of liabilities and wages, sale and purchase of goods, purchase of equipment, and payment of rent and interest. Question 2 contains two parts. Part a asks the student to prepare a cash flow statement from the balance sheets provided for ITC Ltd. as of March 31, 2021 and 2022. Part b asks the student to evaluate ITC Ltd.'s cash position for the year ending March 31, 2022 relative to the previous year based on figures provided from the company's cash

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    © All Rights Reserved
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    of 2

    Assignment No. 1 RegdNo.

    22307560232
    Course Code: DEACC506 Registration Number: _________
    Instructions:
    a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation.
    b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be
    considered.
    Q1. Assess the impact of the following transactions on Assets, Liabilities, and Capital of Bharat Motors as on October 31,
    2022, by preparing an Accounting Equation.
    October 1 Bharat Motors has Cash of ₹50,000, Stock of ₹ 1,20,000, Property Plant and
    Equipment (PPE) of ₹1,80,000, and Long term Liabilities of ₹ 60,000 and Short term
    Liabilities ₹ 40,000 as on October 1, 2020.
    October 3 It sold its stock worth ₹ 25000 for ₹ 30000.
    October 6 It paid its short-term liabilities worth ₹ 5,000.
    October 10 It received a commission for its Agent services from a customer worth ₹15,000.
    October 13 It purchased goods for ₹ 7,000 from Bhanu Enterprises.
    October 17 It paid wages to its labor worth ₹ 7,500.
    October 20 It sold goods worth ₹15,500 for ₹ 13,500 to Kedia Enterprises.
    October 22 It purchased a piece of equipment for ₹8,500.
    October 28 It paid rent for its one warehouse ₹11,500.
    October 30 It paid interest worth ₹ 7,000 on its long-term liabilities.
    [10 Marks] [CO1, L5]

    Signature of the Student__________________ Page 1 of 2


    Note:-
    CO: is the Course Outcome as per your course syllabus.
    L1-L6: Learning level objectives as per Revised Bloom Taxonomy (RBT).
    Assignment No. 1 RegdNo. 22307560232
    Course Code: DEACC506 Registration Number: _________
    Instructions:
    a. Attempt all questions given below in your own handwriting. Assignment in typed format will not be considered for evaluation.
    b. The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall not be considered.

    Q2. a) The Balance Sheets of ITC ltd. Company at 31.3.2021 and 31.3.2022 were as follows:

    31.3.2021 31.3.2022
    (₹) (₹)
    Liabilities
    Equity Share Capital 45,000 65,000
    Retained Earnings 15,000 22,500
    Long term Loan 10,000 20,000
    Short term Liabilities 8,700 11,000
    Total Liabilities 78,700 1,18,500
    Assets
    Property, Plant, and Equipment 46,000 83,000
    Inventory 11,000 13,000
    Trade Receivables 18,700 19,500
    Cash 2,000 2,500
    Prepaid Expenses 1,000 500
    Total Assets 78,700 1,18,500
    Additional Information:
    Depreciation on Property, Plant, and Equipment for the year 2021-22 was ₹11,700. Prepare a cash flow statement from the
    above information. [5 Marks] [CO2, L3]
    b) Evaluate the cash position of ITC limited for the year ending March 31, 2022, relative to March 31, 2021, from the
    following annexure of the company's cash flow statement.
    Particulars 31.3.2022 31.3.2021
    ₹ (in Crores) ₹ (in Crores)
    Net Cash from Operating Activities 14807.79 11493.86
    Net Cash from/(used in) Investing activities (1517.06) 6497.89
    Net Cash used in Financing Activities (13337.03) (18378.89)
    Net decrease in Cash and Cash equivalents (46.3) (387.14)
    Opening balance of Cash and Cash equivalents 231.28 561.35
    Cash and Cash equivalents acquired on business
    combination 57.07
    The closing value of Cash and Cash equivalents 184.98 231.28
    [5 Marks] [CO2, L5]

    Signature of the Student__________________ Page 2 of 2


    Note:-
    CO: is the Course Outcome as per your course syllabus.
    L1-L6: Learning level objectives as per Revised Bloom Taxonomy (RBT).

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