SOLVED 2019 JULY NMIMS ASSIGNMENTS - Discuss the accounting standard which talks about inventory valuation. Also, find out and define the overall value of inventories as per the applicable accounting standard.


Discuss the accounting standard which talks about inventory valuation. Also, find out and define the overall value of inventories as per the applicable accounting standard. 

Discuss the accounting standard which talks about inventory valuation. Also, find out and define the overall value of inventories as per the applicable accounting standard. 

Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224


Financial Accounting & Analysis

1. A dealer of Mobile TV has the following items in inventory as on March 31,2018

PLEASE FIND THE TABLE BELOW
Item
Quantity
Cost Price per unit
Market price per unit
Nokia
50
100000
98000
Samsung
70
880000
90000
Sony
100
120000
115000
Motorola
80
75000
76000

Discuss the accounting standard which talks about inventory valuation. Also, find out and define the overall value of inventories as per the applicable accounting standard. (10 Marks)
2. Define and Discuss the concepts of prepaid expenses and outstanding expenses and their impact on the income statement and Balance Sheet of an Entity? In case of firm A which largely has the balance of prepaid expenses and another firm B which largely has the balance of outstanding expenses, what does this reflects? Discuss (10 Marks)

3. a. A logistics company sold a car of Rs 2.5 lacs. The company had purchased the car three years back for Rs 10 lacs and had depreciated the same using straight line method of depreciation, assuming its useful life to be five years and a residual value of Rs77760. Calculate the WDV after charging depreciation for third year, accumulated depreciation for three years and profit on sale, if any. (5 Marks)

b. Consider the following transaction pertaining Ammar’s business-

1. started business with cash Rs 3 lacs
2. Purchased goods for cash Rs 1.2 lacs
3. purchased goods on credit Rs 60000
4. purchased furniture for cash Rs 20000
5. deposited RS 50000 in the bank
Perform transaction analysis for each transaction undertaken and present accounting equation for these transactions. (5 Marks)


SOLVED 2019 JULY NMIMS ASSIGNMENTS
NMIMS JULY READY ASSIGNMENTS
NMIMS JULY 2019 CUSTOMIZED ASSIGNMENTS
NMIMS 2019 ASSIGNMENTS
NMIMS 2019 MBA ASSIGNMENTS
NMIMS 2019 JULY PLAGIARIZED ASSIGNMENTS
NMIMS JULY 2019 CUSTOMIZED ASSIGNMENTS
SOLVED NMIMS ASSIGNMENTS
2019 NMIMS READY ASSIGNMENTS
SOLVED 2019 JULY NMIMS ASSIGNMENTS
SOLVED NMIMS 2019 ASSIGNMENTS



  Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224

                                                          
                                                                                        
                                                                                        


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