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    Suggestion Corrected

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    Md Chamok Shuvo

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    Suggestion Corrected

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    Md Chamok Shuvo
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    16 views2 pages

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    Md Chamok Shuvo

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    of 2

    (Lecture 05; Chapter 02)

     What is trail Balance? Discuss the limitations of trial balance?


     Prepare a trial balance for ABC Advertising Agency from the following data taken from the
    ledger accounts of ABC Advertising Agency.

    ABC Advertising company


    (Balances of the accounts from the ledger)
    Accounts Amount in Taka
    Cash 15200
    Supplies 2500
    Prepaid Insurance 600
    Equipment 5000
    Notes Payable 5000
    Accounts Payable 2500
    Unearned Service revenue 1200
    Owner's Capital 10000
    Owner's Drawing 500
    Service Revenue 10000
    Salary and Wage expense 4000
    Rent Expense 900

    (Lecture 06; Chapter 18)

     What is financial statement analysis?


     Describe the tools for financial statement analysis.

    (Lecture 09; Chapter 19)

     Identify the broad functions of Management.


     Discuss the difference between financial accounting and managerial accounting

    (Lecture 10; Chapter 19)

     Explain the difference between merchandising and manufacturing income statement.


     Determine the cost of goods sold for ABC Merchandising company and XYZ manufacturing
    company for the year ended December 31, 2021

    ABC Merchandising company XYZ Manufacturing Company


    Amount in Taka Amount in Taka
    Cost of goods purchased 6,50,000 Finished good inventory, January 1 90,000
    Inventory-January 1, 2022 70,000 Cost of goods manufactured 3,70,000
    Inventory-December 31,2022 4,00,000 Finished good inventory, December 31 80,000

    1
    (Lecture 07; Chapter 18)

     What is ratio analysis?


     Using the accounting data compute the following ratios used in analyzing a firm’s liquidity,
    profitability, and solvency.
    - Current ratio
    - Acid-test ratio
    - Profit margin
    - Debt to total asset ratio

    December 31, 2009 December 31, 2008


    Amount in Taka
    Cash 1,00,000 1,55,000
    investment 20,000 70,000
    Receivable (Net) 2,30,000 1,80,000
    Inventory 6,20,000 5,00,000
    Prepaid expense 50,000 40,000
    Current Asset 10,20,000 9,45,000
    Current liabilities 3,44,500 3,03,000
    Net credit sales 20,97,000 18,37,,000
    Net income 2,63,800 2,08,500
    Total debt 8,32,000 8,00,000
    Total asset 18,35,000 15,95,000

    (Lecture 11; Chapter 20)

     Explain the characteristics and purposes of cost accounting.


     Describe the flow of costs in a job order costing system.

    (Lecture 12; Chapter 22)

     What is cost behavior analysis? Distinguish between variable and fixed costs
     Explain the significance of the relevant range.

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