Nios Tutor Marked Assignment Accountancy (320 ) 2023

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Nios Tutor Marked Assignment Accountancy (320 ) 2023 . 

1 ) Answer any one of the following questions in about 40-60 words.

a) Classify the following items of expenditure into capital expenditure revenue expenditure and deferred revenue expenditure

i) Amount spent on purchase of plant and machinery.
ii) Expenditure incurred on repairs of building.
iii) Heavy expenditure on research and development to introduce a new product in the market.
iv) Salaries paid.

b ) Explain the procedure of managing Text in excel.

2 )  Answer any one of the following questions in about 40-60 words.

a ) The concept of realisation states that revenue is realized at the time when goods or services are actually delivered. Cite two examples to ascertain the correct amount of revenue realised for a year.

b ) Visit a business unit, and discuss with the accountant to find out how do they deal with the following while preparing the books of accounts:
1. Valuation of the stock.
2. At what intervals do they close their account books?
3. What method of depreciation did they use in the last three years? Analyse and conclude if they are following some accounting concepts or not. If yes, name the accounting conventions/ accounting concepts.

3 ) Answer any one of the following questions in about 40-60 words.

a )   From the following particulars of Radhika Traders, prepare a bank reconciliation statement on June 30, 2020.
1. Balance as per the cash book Rs.35,750.
2. Rs. 250 charges for credit card fee is debited by bank, which is not recorded in cash book.
3. Cheques for Rs.7,550 are deposited in the bank, but not yet collected by the bank.
4. There was also a debit in the pass book of Rs.3,500 in respect of a discounted bill dishonoured.

b )   Prepare notes regarding your receipts and payments for a month, and prepare a Cash Book on the basis of the information noted.

4  ) Answer any one of the following questions in about 100-150 words.

a ) Discuss the two methods of providing depreciation. Explain their merits and demerits. Your parents make some savings every month from their regular income for the known or unknown expenses/ liability to meet out in future.
Prepare a list of past three months savings with reasons, and differentiate if they are reserves or provisions.

b )  A company has issued 3000, 9% debentures of Rs.1,000 each at a discount of 10%. If the debentures are to be redeemed in five equal annual installments, calculate the amount of Discount on Issue of Debentures to be written off each year, and prepare Discount on Issue of Debentures A/c.

6 ) Prepare any one project out of the given below.

a ) Discuss with a shareholder of a company or do a desktop survey to find annual report of any company. Find out the following:
1. Name of the company
2. Mention the amount of capital:
a. Authorised
b. Issued
c. Called up
d. Call in Arrears
e. Reserve capital

Explain the above terms with the help of annual report of the company analysed and differentiate between a limited company or a private limited company .

b )  Discuss with partners of a firm, and find out the characteristics of partnership. Also enquire with them if they have a partnership deed between them and what will happen in case of absence of a partnership deed.

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