11-23-2013, 10:01 PM
BUSINESS FINANCE (ACC501) ASSIGNMENT NO. 01 (NON-GRADED)
DUE DATE: 26TH NOVEMBER, 2013
MARKS: 20
LEARNING OBJECTIVES:
After attempting this assignment whole-heartedly, the students will be able to:
· Prepare cash flow statement and Common size statements.
QUESTION:
ABC Company is engaged in manufacturing of electronic appliances. Following are the income statement and comparative balance sheet of ABC Company for the years 2010 and 2011. You are required to prepare Cash Flow Statement for ABC Company for the year ended 31st December, 2011 and Common Size Income Statement.
Cash Flow Statement Marks:15
Common Size Income Statement Marks:05
Notes:
1. Sales of old Machinery for Rs. 100,000 and purchased new for Rs. 150,000.
2. Purchased new land and building costing Rs. 150,000 for storing inventories.
3. Issued long-term 10% interest bearing bond of Rs. 126,000 and previously issued bonds also have the interest rate of 10%.
IMPORTANT:
24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.