Part A

It is customary to put a minimum payback time on projects when employing the payback approach. However, what the minimal payback term should be is for the enterprise concerned. Projects could generate a good internal return rate, but it should be contrasted to the company's current return rate and risk for the specific project. For accepting projects that have a positive net present value, the corporation should take into account all the aspects involved, and not simply the figure of the final NPV, in the evaluation of the project.

Answer the following question

1. Windsor Ltd is considering a project, which will involve the following cash inflows and (out)

flows:

Rs. '000

Initial Outlay (400)

After 1 Year 40

After 2 Years 300

After 3 Years 300

What will be the NPV (net present value) of this project if a discount rate of 15% is used?

Part B

1.What is TDS? Where do you show TDS on a balance sheet?

2.What is the difference between a trial balance and a balance sheet?

3.What are some of the ways to estimate bad debts?

4.What is a deferred tax asset and how is the value created?

5.What happens to the cash which is collected from the customers but not recorded as revenue?

6.What is meant by saying you have a negative working capital?

7.What are the golden rules of accounting and mention the statements.

8.What are the different stages of the double entry system?

9.In addition to the basic underlying accounting principles, what are the various characteristics that also guide accountants?

10._____________is the long-term asset ornoncurrent assetsection of thebalance sheetthat reports the tangible, long-lived assets that are used in the company's operations