**************For Theoretical Answer Assessment Parameter Weightage

Introduction 20%

Concepts and Application related to the question 60%

Conclusion 20%

For Numerical Answer Assessment Parameter

Weightage Understanding and usage of the formula 20%

Procedure / Steps 60%

Correct Answer & Interpretation 20%

1. For the following transactions, analyze the accounting transactions using the accounting equation framework (10 Marks) Course: Financial Accounting & Analysis Internal Assignment Applicable for June 2022 Examination 1. Introduced Rs500000 through a cheque by the Owner as the Initial capital in the business 2. Purchased goods on credit from Ms. Ritu at Rs 40000 3. Paid Rs 10000 as salary to the employees 4. Invested Rs200000 in a fixed deposit account 5. Paid school fees of the kid Rs 25000, from the business's bank account. Note: (2*5 = 10 marks) 1 marks for analyzing each transaction and 1 mark for correct journal entry 2. You started learning the course of financial accounting and analysis in the MBA Program. You learned about commonly used accounting terms. Discuss about any five terms which are commonly used by the different users of accounting information for the sake of understanding the financial statements Student may define and describe about any five terms (10 Marks) (10 Marks) 3. From the given information Amount in Lakhs 580 40 70 60 cost of goods sold opening stock closing stock creditors at the beginning of the year creditors at the end of the year cash purchases Original cost of equipment sold Gain on the equipment sold Accumulated depreciation on the equipment 100 45 400 50 80 Course: Financial Accounting & Analysis Internal Assignment Applicable for June 2022 Examination Calculate: a. Total purchases, credit purchases and payment to creditors (5 Marks) b. Define the term Net book value, Accumulated depreciation calculate the net book value and cash proceeds from sale of investment