Unit 1 Assignment – Financial For Business V01.09.2024

University Multimedia University (MMU)
Subject Finance for Business

Question -Total Marks 20 

  1. 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)
  2. As an individual, do you think that the accounting standards/ principles are necessary? Provide justification on the same.(5 Marks, Min 200 Words )
  3. 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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