Q. Choose an Indian Company of your choice that has adopted Balance Score Card and detail on it.
Q.What is a cash budget? How it is useful in managerial decision making?
Q. From the following data of Jagdish Company prepare (a) a statement of source and uses of working capital (funds) (b) a schedule of changes in working capital
|
Assets
|
2008
|
2007
|
|
Cash
|
1,26,000
|
1,14,000
|
|
Short-term investment
|
42,400
|
20,000
|
|
Debtors
|
60,000
|
50,000
|
|
Stock
|
38,000
|
28,000
|
|
Long term Investment
|
28,000
|
44,000
|
|
Machinery
|
2,00,000
|
1,40,000
|
|
Building
|
2,40,000
|
80,000
|
|
Land
|
14,000
|
14,000
|
|
Total
|
7,48,400
|
4,90,000
|
|
Liabilities and Equity
|
|
Accumulated depreciation
|
1,10,000
|
60,000
|
|
Creditors
|
40,000
|
30,000
|
|
Bills Payable
|
20,000
|
10,000
|
|
Secured loans
|
2,00,000
|
1,00,000
|
|
Share capital
|
2,20,000
|
1,60,000
|
|
Share premium
|
24,000
|
Nil
|
|
Reserves and surplus
|
1,34,400
|
1,30,000
|
|
Total
|
7,48,400
|
4,90,000
|
Income statement
|
1,34,600
|
Cost of goods sold
|
|
1,05,200
|
Gross Profit
|
|
92,000
|
Less Operating expenses:
Depreciation - machinery 20,000
Depreciation - building 32,000
Other expenses 40,000
|
|
13,200
|
Net profit from operation
|
|
4,800
|
Gain on sale on long-term investment
|
|
18,000
|
Total
|
|
2,000
|
Loss on sale of machinery
|
|
16,000
|
Net Profit
|
Adjustments:
1) Machinery worth Rs.70000 was purchased and worth Rs.10000 was sold during the year [Accumulated depreciation on machinery is Rs.18000 after adjusting depreciation on machinery sold]. Proceeds from the sale of machinery were Rs.6000
2) Dividends paid during the year Rs.11600