Unit 1 Assignment – Financial For Business V01.09.2024
| University | Multimedia University (MMU) |
| Subject | Finance for Business |
Question -Total Marks 20
- Explain the different ways in which you have used financial data in your real life or professional life to make a decision – possibly with the help of an example.(5 Marks, Min 200 Words)
- As an individual, do you think that the accounting standards/ principles are necessary? Provide justification on the same.(5 Marks, Min 200 Words )
- Balance Sheet of ABC Ltd. as on 31st March 2020.( 10 Marks, Min 500 Words)
- What makes a good balance sheet ? Explain any 5 balance sheet items and analyse the financial position of the firm.
| Liabilities | Amount | Assets | Amount |
| Share Capital | 16.00 | Fixed Assets (Net) | 60.00 |
| Investments | 16.60 | ||
| Reserves & Surplus | 22.00 | Cash & Bank | 00.20 |
| Secured Loans | 21.00 | Debtors | 11.80 |
| Unsecured Loans | 25.00 | Inventories | 10.60 |
| Current Liabilities | 16.00 | Prepaid Expenses | 00.80 |
| Total | 100.00 | Total | 100.00 |
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