Paid school fees of the kid Rs 25000, from the business’s bank account

29 Mar

Financial Accounting & Analysis


1. For the following transactions, analyze the accounting transactions using the accounting equation framework:

  1. Introduced Rs500000 through a cheque by the Owner as the Initial capital in the business
  2. Purchased goods on credit from Ms. Ritu at Rs 40000
  3. Paid Rs 10000 as salary to the employees
  4. Invested Rs200000 in a fixed deposit account
  5. Paid school fees of the kid Rs 25000, from the business’s bank account.

Note: (2*5 = 10 marks) 1 marks for analyzing each transaction and 1 mark for correct journal entry

2. You started learning the course of financial accounting and analysis in the MBA Program. You learned about commonly used accounting terms. Discuss about any five terms which are commonly used by the different users of accounting information for the sake of understanding the financial statements.

Student may define and describe about any five terms.

3. From the given information:

Amount in Lakhs
Cost of goods sold 580
Opening stock 40
Closing stock 70
Creditors at the beginning of the year 60
Creditors at the end of the year 100
Cash purchases 45
Original cost of equipment sold 400
Gain on the equipment sold 50
Accumulated depreciation on the equipment 80



a. Total purchases, credit purchases and payment to creditors.

b. Define the term Net book value; Accumulated depreciation calculate the net book value and cash proceeds from sale of investment.


Organisational Behaviour


1. Interpersonal relationships between superiors and subordinates in an organization involve different kinds of power equations. In your opinion, arrange the 5 sources of power in order of importance, that are based on superior subordinate relationships in an organization. Justify your preference.

2. Performance of employees at the workplace depends on their personality traits. Describe the five major traits that most researchers agree upon and explain how they lead to meaningful workplace behaviour.

3. Mr. Ranveer Goswami, the current CEO retired from the organization and everyone bid him a very emotional farewell. He was a people’s leader and the team was going to certainly miss him. The young CEO Ms. Riya Talwar who was going to take his position had a tall task ahead of her. She was eager to implement the ideas she had in mind to expand the organization and was one focused leader, doing everything in her capacity to lead the organization to greater success.

a. Ms. Riya did not get the welcome or support she expected from the team. Her plans were not implemented with the same vigour that she had imagined? Which common organizational pitfalls in leadership are described in this scenario?

b. Correlating it to the above situation, explain how emotional intelligence would help the new CEO get the support she expects from her employees?

Leave a Reply

Your email address will not be published. Required fields are marked *