Question
Write a note on relationship between Accounting Information System, Manufacturing Information System and Human Resource System.
✓
Answer
Relationship between Accounting Information System, Manufacturing Information System and Human Resource System. 
The above diagram depicts how the three functional departments are mutually related. The human resource department sends a list of number of workers, their category their level of skill etc. to the manufacturing department and to the accounts department. The manufacturing department on receiving such list sends a report of level of production achieved by each worker and other deductions to be made from their wages on various Accounts. This report is send by the manufacturing department to both Accounts department as well as the HR department. The accounts department on receiving such reports make its own calculations of the various statutory payments and dues of the workers and make the final payments and send the report of the same to both HR Department as well as the manufacturing department to monitor the performance of the workers.
The above diagram depicts how the three functional departments are mutually related. The human resource department sends a list of number of workers, their category their level of skill etc. to the manufacturing department and to the accounts department. The manufacturing department on receiving such list sends a report of level of production achieved by each worker and other deductions to be made from their wages on various Accounts. This report is send by the manufacturing department to both Accounts department as well as the HR department. The accounts department on receiving such reports make its own calculations of the various statutory payments and dues of the workers and make the final payments and send the report of the same to both HR Department as well as the manufacturing department to monitor the performance of the workers.Need a full question paper?
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Shruti maintains her books of account from Incomplete Records. Her books provide the following information:
She withdrew ₹ 500 per month for personal expenses. She sold her Investments of ₹ 16,000 at 5% premium and introduced the amount into business.
You are required to prepare a Statement of Profit or Loss for the year ending 31st March, 2016.
She withdrew ₹ 500 per month for personal expenses. She sold her Investments of ₹ 16,000 at 5% premium and introduced the amount into business.
You are required to prepare a Statement of Profit or Loss for the year ending 31st March, 2016.
Prepare Two-column Cash Book of Bimal, Lucknow from the following transactions:
|
2019
|
|
₹
|
|
June 1
|
Cash Balance
|
5,000
|
|
June 1
|
Bank Balance
|
17,500
|
|
June 5
|
Cash received from sale of personal asset deposited in firm's account
|
5,000
|
|
June 6
|
Cheque received as advance against sale, paid into bank
|
50,000
|
|
June 7
|
Paid S. Bose by cheque
|
12,500
|
|
|
Discount received
|
200
|
|
June 9
|
Paid wages in cash
|
3,000
|
|
June 20
|
Received a cheque from A. Mukherjee and sent it to bank
|
6,000
|
| June 21 | Drawn from Bank | 5,000 |
| June 29 | Paid office salaries in cash | 4,000 |
| June 30 | Sold goods in cash for ₹ 8,000 plus CGST and SGST @ 6% each and banked the same | |
| June 30 | Paid rent by cheque including CGST and SGST @ 6% each | 1,120 |
| June 30 | Paid into Bank | 7,500 |
Enter the following transactions in Two-column Cash Book of Reema, Chandigarh and find cash and bank balances:
| 2019 | ₹ | |||
| April 1 | Cash balance ₹ 2,000, bank balance ₹ 24,500 | |||
| April 2 | Cash sales ₹ 60,000 plus CGST and SGST @ 6% each | |||
| April 5 | Deposited in Bank | 50,000 | ||
| April 7 | Issued cheque to Sohan | 10,000 | ||
| April 9 | Sold goods for cash ₹ 10,000 plus CGST and SGST @ 6% each | |||
| April 12 | Received a cheque from National Insurance Co. Ltd. against claim lodged last year | 19,800 | ||
| April 14 | Sold goods to Niraj of ₹ 25,000 plus CGST and SGST @ 6% each, received cash ₹ 10,000 and balance by cheque. Allowed him discount ₹ 500 | |||
| April 16 | Purchased furniture for ₹ 10,000 plus CGST and SGST @ 6% each, paid for furniture by cheque | |||
| April 18 | Sold old furniture for ₹ 10,000 plus CGST and SGST @ 6% each and received cash | |||
| April 20 | Paid into bank cheque of Niraj and cash | 2,500 | ||
| April 22 | Paid to Suman by cheque | 2,500 | ||
| April 26 | Suman's cheque returned on technical ground and paid cash for equal amount | |||
| April 28 | Bank charged its commission of ₹ 300 plus CGST and SGST @ 6% each | |||
| April 29 | Bank paid insurance premium as per standing instructions | 2,500 | ||
| April 30 | Nigam paid into bank directly, intimation received on the same day | 5,000 | ||
On 31st March, 2017 the following Trial Balance of Sh. Ajay Oswal was taken out. Prepare Trading and Profit & Loss Account for the year and Balance Sheet at that date after making the following adjustments:
- Stock on 31st March, 2017 was valued ₹ 26,000.
- General Manager is entitled to a Commission of 5% on Net Profits after charging such Commission.
- ₹ 2,000 paid for Salary & Wages have been included in Sundry Debtors.
- Increase Bad-debts by ₹ 800 and create provision for Doubtful Debts at 10%.
- General Expenses include insurance premium paid up to 30th June, 2017 @ ₹ 3,000 per annum.
- ₹ 600 out of the Advertisement Expenses are to be carried forward to the next year.
- Charge one-fourth of 'Salaries and Wages' to Trading A/c.
- Accrued Income ₹ 2,500.
The following Trial Balance was extraced from the books of Mr. Gupta as at 31st March, 2019:
Adjustments:
Adjustments:
- Goods costing ₹ 20,000 were purchased and included into stock but no entry was passed to record the purchase.
- Loan from Mr. Yadav was taken on 1st June, 2018.
- Sundry Debtors include an amount of ₹ 2,000 due from a customer who has become insolvent and nothing is recoverable from his estate.
- Create a provision of 5% for Doubtful Debts and 2% for discount on Debtors.
- Three months lighting and heating bill due but not paid ₹ 3,000.
- Rent is paid for 11 months but is received for 13 months.
- Stock amounted to ₹ 90,000 on 31st March, 2019.
Define a computerised accounting system. Distinguish between a manual and computerised accounting system.
Explain any five type of accounting vouchers in Tally.
What is the use of Data Base Management?
Prepare Trading and Profit & Loss Account for the year ended 31st March, 2017 and Balance Sheet as at that date from the following Trial Balance:
Adjustments:
Adjustments:
- Salaries ₹ 100 and taxes ₹ 200 are outstanding but insurance ₹ 50 is prepaid.
- Commission ₹ 100 is received in advance for next year.
- Interest ₹ 210 is to be received on Deposits and Interest on Bank overdraft ₹ 300 is to be paid.
- Bad-debts provision is to be maintained at ₹ 1,000 on Debtors.
- Depreciate furniture by 10%.
- Stock on 31st March, 2017 was valued at ₹ 4,500.
A company whose accounting year is a financial year, purchased on 1st July, 2015 machinery costing ₹ 30,000.
It purchased further machinery on 1st January, 2016 costing ₹ 20,000 and on 1st October, 2016 costing ₹ 10,000.
On 1st April, 2017, one-third of the machinery installed on 1st July, 2015 became obsolete and was sold for ₹ 3,000.
Show how Machinery Account would appear in the books of the company. It being given that machinery was depreciated by Fixed Instalment Method at 10% p.a. What would be the value of Machinery Account on 1st April, 2018?
It purchased further machinery on 1st January, 2016 costing ₹ 20,000 and on 1st October, 2016 costing ₹ 10,000.
On 1st April, 2017, one-third of the machinery installed on 1st July, 2015 became obsolete and was sold for ₹ 3,000.
Show how Machinery Account would appear in the books of the company. It being given that machinery was depreciated by Fixed Instalment Method at 10% p.a. What would be the value of Machinery Account on 1st April, 2018?