Fall 2010

Bachelor of Business Administration-BBA Semester 4

BB0017 – Financial Reporting - 2 Credits
(Book ID : B0097)
Assignment Set- 1 (30 Marks)

Note: Each question carries 10 Marks. Answer all the questions.

Q1. What is the statutory requirement of schedule VI of company Act, 1956, in regard to
Secured Loans and provision?
Q2. From the following balance sheets of A ltd. Make out Cash Flow Statement as on March
31, 2010
Balance Sheet
2009 2010 2009 2010
Liabilities Assets
Rs. Rs. Rs. Rs.
Equity Share Capital 2,00,000 2,00,000 Cash 8,000 10,000
Profit and Loss A/c 50,000 90,000 Bank 22,000 20,000
Bank Loan 10,000 --- Debtors 10,000 20,000
Creditors 15,000 20,000 Stock 25,000 15,000
Outstanding 5,000 5,000 Fixed Assets 2,35000 2,75,000
Expenses
Provision of 20,000 25,000
Taxation

3,00,000 3,40,000 3,00,000 3,40,000

Depreciation on fixed assets was Rs. 60,000. During the year, company declared equity
dividend @10%, and paid Rs. 15,000 as income tax.

Q3. What is the statutory requirement of schedule VI of company Act, 1956, in regard to
Capital Reserve and Revenue Reserve?

Bachelor of Business Administration-BBA Semester 4

 Fall 2010

BB0017 – Financial Reporting - 2 Credits

(Book ID :)
Assignment Set- 2 (30 Marks)

Note: Each question carries 10 Marks. Answer all the questions.

Q1. What are the various Amendments to Clause 32 of Equity Listing Agreement made by
SEBI?
Q2. How expenses during the construction period are capitalized and cost of fixed assets are
determined?
Q3. Write short note on followings :-
• Financial Reporting in India?

• Capital Work in Progress?

• Capitalization of expenses?

• Accounting Standards?