Test Essay

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Accounting & Finance- MBA (IB) Amity Centre for eLearning ASSIGNMENT PROGRAM: SEMESTER-I Subject Name Permanent Enrollment Number (PEN) Roll Number (SEN) Student Name : Accounting & Finance : : : INSTRUCTIONS a) Students are required to submit all three assignment sets. ASSIGNMENT Assignment A Assignment B Assignment C b) c) d) e) DETAILS Five Subjective Questions Three Subjective Questions + Case Study 40 Objective Questions MARKS 10 10 10 Total weightage given to these assignments is 30%. OR 30 Marks All assignments are to be completed as typed in word/pdf. All questions are required to be attempted. All the three assignments are to be completed by due dates (specified from time to time) and need to be submitted for evaluation by Amity University. ( √ ) Tick mark in front of the assignments submitted Assignment ‘A’ Assignment ‘B’ Assignment ‘C’ Copyright© 2010 Amity University Accounting & Finance- MBA (IB) Assignment A This assignment consists of 5 analytical covering the syllabus till Analysis of Financial Statements. Problem 1: Journalize the following transactions in the books of Mr. Walter: a) Paid rent of building $ 12,000 half of the building is used by the proprietor for residential use. b) Paid fire insurance of the above building in advance $ 1,000. c) Paid life insurance premium $ 2,000. d) Paid income-tax $ 3,000. e) Salary due to clerk $ 500. f) Charge depreciation on furniture @ 10% p.a. for 1 month (furniture $ 12,000). g) Provide interest on capital ($ 60,000) at 15% p.a. for 6 months. h) Charge interest on drawing (10,000) at 18% p.a. for 6 months. i) Provide interest on loan to Ram ($ 100,000) at 18% p.a. for 2 months. j) Charge interest on loan to Shyam ($ 200,000) at 18% p.a. for 2 months. k) Received commission $ 1,000 half of which is in advance. l) Brokerage due to us $ 500. Problem 2: From following figures extracted from the books

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