NMIMS Solved Assignment – Financial Accounting (MBA Semester 1) | Updated Questions & Expert Help
Looking for NMIMS solved assignments for Financial Accounting – MBA Semester 1? You are in the right place. Below you will find the latest NMIMS assignment questions for the December 2025 examination along with details on how to get customized, plagiarism-free answers or ready-made solutions instantly. Our services are trusted by NMIMS students across India for over 13 years.
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About the NMIMS Financial Accounting Solved Assignment
The subject Financial Accounting helps MBA students understand how to record, classify, and summarize financial transactions of a business. This assignment carries 20 marks and tests your ability to apply accounting principles like the accrual and realization concepts, prepare financial statements, and interpret results accurately.
Our academic experts have assisted thousands of NMIMS students with Financial Accounting solved assignments, ensuring every answer is original, simple, and written in easy-to-understand English.
Assignment Details
- Course: Financial Accounting
- Program: MBA Semester 1
- Applicable For: December 2025 Examination
- Marks: 20
- Institution: NMIMS Centre for Distance and Online Education (NCDOE)
NMIMS Financial Accounting Assignment Questions – Dec 2025
Q1. (10 Marks)
A national retail chain is experiencing rapid
growth, opening 50 new stores in a single financial year and launching several promotional
campaigns that offer deferred payment options to customers. The finance team is
struggling to determine the correct timing for recognizing revenue from sales
made under these promotions and matching related expenses, as cash inflows and
outflows do not always align with the delivery of goods and services. The CFO
is concerned that improper application of accounting principles could distort
the company’s reported profitability and mislead stakeholders. Based on the
scenario, how should the finance team at a rapidly expanding retail chain apply
the accrual and realisation concepts to ensure accurate revenue and expense
recognition during a period of aggressive store openings and promotional
campaigns? (10 Marks)
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Q2 (A). (5 Marks)
TechGen Inc., a leading technology company, recently
undertook a comprehensive review of its accounting practices for the fiscal year
ending December 31, 2023. The company meticulously followed each step of the
accounting cycle, from recording transactions in subsidiary books to preparing
financial statements, with the goal of improving transparency and regulatory
compliance. However, the CFO is concerned about potential gaps in the process
that could affect stakeholder trust and is seeking your critical assessment of
their current approach. Critically evaluate TechGen Inc.'s approach to ensuring
accuracy and transparency in its accounting cycle, particularly in the context
of regulatory compliance and stakeholder trust. Considering the multiple stages
from transaction recording to financial statement preparation, what
improvements or alternative strategies could be justified to further enhance
the reliability of its financial reporting? (5 Marks)
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Q2 (B). (5 Marks)
From the following Trial Balance of Gupta & Sons
for the years ended December 31, 2018, Prepare:
1. Trading Account
2. Profit & Loss Account
3. Balance Sheet as on that date
|
Name of the Account
|
Debit Balances (Rs.)
|
Credit Balances (Rs.)
|
|
Capital
|
|
5,00,000
|
|
Sales
|
|
10,00,000
|
|
Sales Returns
|
25,000
|
|
|
Purchases
|
5,00,000
|
|
|
Purchases Returns
|
|
15,000
|
|
Inventory as on 1.1.18
|
60,000
|
|
|
Land & Buildings
|
4,00,000
|
|
|
Plant & Machinery
|
3,00,000
|
|
|
Furniture
|
1,00,000
|
|
|
Wages
|
50,000
|
-
|
|
Carriage Inwards
|
10,000
|
|
|
Provision for Bad Debts
|
|
7,000
|
|
Carriage Outwards
|
5,000
|
|
|
Cartage
|
5,000
|
|
|
Salaries
|
40,000
|
|
|
Loan
|
|
2,60,000
|
|
Debtors
|
1,50,000
|
|
|
Creditors
|
|
70,000
|
|
Rent
|
|
8,000
|
|
Bills Receivable
|
40,000
|
|
|
Acceptances
|
|
10,000
|
|
General Expenses
|
20,000
|
|
|
Rent & Rates
|
10,000
|
|
|
Investments
|
50,000
|
|
|
Cash in hand
|
50,000
|
|
|
Bank Overdraft
|
|
10,000
|
|
Discount
|
4,500
|
|
|
Bad Debts
|
5,000
|
-
|
|
Interest on Investments
|
|
5,000
|
|
Interest on Bank Overdraft
|
500
|
|
|
Goodwill
|
60,000
|
|
|
Total
|
18,85,000
|
18,85,000
|
Additional Information
1.
The value of
inventory on December 31, 2018 was Rs. 1,00,000
2.
Depreciation is to
be provided on: Land & Building @ 5% p.a. Furniture @ 10% p.a. Plant &
Machinery Rs. 50,000.
3.
Provision for Bad
Debts is to be maintained @ 5% on debtors.
4.
Wages are
outstanding to the extent of Rs. 4,000 and Salaries to the extent of Rs. 3,000.
5.
Rent and Rates are
prepaid to the extent of 1/4th of the amount paid.
6.
Interest on
Investment outstanding is Rs. 1,000
7.
Rent to the extent
of Rs. 2,000 has been received in advance.
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