NMIMS Solved Assignment April 2022

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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for December 2020 Examination
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for
attempting their assignments, but are not allowed to copy the matter as it is from the
source of reference.
Students should write the assignment in their own words. Copying of assignments from
other students is not allowed

Students should follow the following parameter for answering the assignment questions
1. Karagiri is a Pune based startup that works with 800 families across India. The startup
is in the business of handloom saris. They converted the pandemic period in to an
opportunity. The business owners realized that accounting is essential to permit
informed judgements and decisions by the user of accounts. In the light of given
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 50%
Correct Answer &
Interpretation
30%

definition of accounting, discuss about users and uses of accounting information
(10 Marks)
2. Mr. Kohli is planning to invest in the share market. He wants to study the Balance
Sheet of Amul Industries. He wants your guidance in finding the various elements of
the Balance Sheet of Amul Industries. Kindly discuss the same (10 Marks)
3. Discuss for question (a) and (b)
– Define and identify the type of Income / Expenses
– Treatment of the Income / Expenses in the Profit and Loss account, Impact of the
Income / Expenses in the Balance Sheet
a. You purchased 10 shares of L& T Company last year. On 5th March 2019, the
company has declared a dividend Rs 50 per share. The income is earned but not yet
collected in your account during this financial year. (5 Marks)
b. On 5th March 2019, Mehta Brothers received 100% advance for goods, to be supplied
in the next month. The Cost of the goods was Rs50000. They usually sells the goods at
10% mark up. (5 Marks)

For Solution:

Visit Website: www.nmimsuniqueassignment.com/

Call or Whatsapp us for best Solution: +91 8447543837

Email: sales@nmimsuniqueassignment.com

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