Description

MCO 05 Old M.COM Ignou Solved Assignment 2024

Course : Old M.COM
Session 2024
Submission date : 1. Those who are enrolled in July 2023, it is valid upto June 2024. 2. Those who are enrolled in January 2024, it is valid upto December 2024.

NOTE- After payment download option will come and you can download assignment / guess paper. Or you will get a copy of assignment / guess paper in Email also.

1) Distinguish among variable, fixed and semi-variable costs. Why is this
distinction important?
(20)
2) Wire short notes on the following :
a) Sales Budget
b) Material Budget
c) Production Cost Budget
d) Overhead Budget
(4×5)

MCO 05 Old M.COM Ignou Solved Assignment 2024

3) Write a detailed note explaining the advantages and limitations of standard
Costing.
(20)
4) Explain the different types of the reports that are used in an enterprise. (20)

MCO 05 Old M.COM Ignou Solved Assignment 2024

5) Using the P and L account and Balance Sheet given below, prepare Cash Flow
Statement both under direct and indirect method.
Profit and Loss Account for the year ended 31st March, 2005
(Rs. in thousands)
Years 2004-05 Year 2003-04
Sales 111780 98050
Other Income 390 220
Cost of Goods Sold 41954 39010
Selling and Administrative Expenses 16178 12500
Profit Before Tax 54038 46760
Less: Income Tax 21615 18704
Profit After Tax 32423 28056
(20)
(b) Balance Sheet as on 31st March, 2005
Liabilities and Shareholder Equity As on 31-3-05 As on 31-3-04
Equity Share Capital 180000 180000
Retained Earnings 134045 101622
Current liabilities
Accounts Payable 3526 4330
Income Tax Payable 24615 ―
Dividend Payable ― 25000
Total Liabilities 339186 310952
Assets
Fixed Assets 393000
(370000)
Less: Depreciation 92400
(90000)
300600 280000
Current Assets
Cash 6380 6000
Accounts Receivable : 20064
Less: Provision & (972) 19092 23568
Inventory : Raw Materials
Finished Goods
516
598
636
748
Investments 12000 ―
Total Assets 339186 310952