Accounting Answers

Sub:Financial Accounting and analysis
Question:
b. Prepare the cash flow statement from investing activities of Alpha Creative Ltd for the
year ended March31, 2019
Particulars Amount
Plant acquired 160000
Claim received for loss of plant in fire 45500
Unsecured loans given to subsidiaries 595000
Interest on loan received from subsidiary companies 72500
•Also give reasons for the classification of above activities as inflow /outflow

a. Following information is available in respect of a company named, as Beta Ltd
Particulars Amount
Profit before taxes Rs 50 lakhs
Dividend declared per share Rs2
Price of the share prevalent on stock
exchange Rs 200
Applicable tax rate 35%
Share capital of company 5 lakh shares
of Rs 10 each
Calculate-
•Earnings per share
•Dividend Pay-out Ratio
•Price earnings ratio

Sub:Financial Accounting and analysis
Question: Mr. Shil Wants to record the financial transactions of his newly started business.
Discuss what accounting steps/stages he need to adhere so that the transactions can be duly
recorded and processed in order to prepare the financial statements.

Sub:Financial Accounting and analysis

Question: . Wildcat Ltd, a manufacturing company sold a machinery for Rs 8 lacs at the year end.
The company had purchased the machinery four years back for Rs 15 lacs and had
depreciated the same using written down value method of depreciation @ 20%.
As an accounts executive of Wildcat Ltd, calculate the WDV of the asset for the four
years, accumulated depreciation for four years and profit/loss on sale, if any.

How will a business determine the correct establishment of lodgement schedule?

It has been mentioned that Claims received for loss of plant in fire is not cash flow. But isn't this an extraordinary Investing Activity Cash Inflow ? Also kindly explain how to treat 'Claim /amount received for loss of plant in fire' in Cash Flow Statement ?

3. The profit function for a company is given by the following nonlinear equation:
P(x) = 4x2 – 200x − 25000 where P is the profit in dollars and x is the number of units sold.
3.1.1. Find the profit when 600 units are sold. (1 mark)
3.1.2. Determine the break-even level for this company. (3 marks)

The linear profit equation for a company that sells customized furniture is

What is the formula to calculate WDV of an asset ?

Wildcat Ltd, a manufacturing company sold a machinery for Rs 8 lacs at the year end. The company had purchased the machinery four years back for Rs 15 lacs and had depreciated the same using written down value method of depreciation @ 20%. As an accounts executive of Wildcat Ltd, calculate the WDV of the asset for the four years, accumulated depreciation for four years and profit/loss on sale, if any.