Finance for business | Finance for Busines

  

Unit 1 Assignment – Financial For Business,

Personal Reflection Question -Total Marks 20 (max word limit- 300)

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)
2. As an individual, do you think that the      accounting standards/ principles are necessary? Provide justification on      the same.(5 Marks)
3. Balance Sheet of ABC Ltd. as on 31st March      2020.( 10 Marks)

• 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