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DIPLOMA IN MANAGEMENT STUDIES
FINANCIAL ACCOUNTING
INDIVIDUAL ASSIGNMENT (30%)
Instructions:
You are to upload your assignment by the due date through the student portal account. After the due date, your submission will not be entertained.
Write your FULL Name AND your NRIC/FIN number as in the register on a CA cover.
You should a keep a copy of assignment submitted.
All workings must be shown. The submitted report must show evidence that this is your own work.
No marks will be awarded if there are no workings or reasonable explanations.
This report must be type written and submitted in word format.
Please be reminded that plagiarism and collusion is a serious offence, and all cases will be referred to the administration. Grades will be withheld if the submission is suspected for plagiarism or collusion till investigations are completed.
By one day: 20% to be deducted from total marks
More than one day: submission will NOT be graded
CA 1 must be submitted online via student portal. Please read instructions provided in the portal carefully.
Deadline: 25 April, 11.59 am
APPENDIX A
FORMAT OF WRITTEN ASSIGNMENT
f. Paper: White
g. Individual Assignment Submission form to be attached at the FRONT of the assignment, with your full name as per student ID.
Important Note:
Students caught for Plagiarism and/or Collusion will be subjected to heavy penalties.
Plagiarism & Collusion
The university considers plagiarism & collusion as serious offences that could lead toexpulsion from the programme. Students should ensure that the assignments submitted are their own work. Students should check every page and verify that it is their own work.
What is Plagiarism: It is the use of someone else’s work in its entirety or some parts in exact form or in very close form, as your own without acknowledgment to original author(s).
Examples of plagiarism in assignments include the use of other authors: phrases, facts and illustrations, statistics, and assembled materials, without acknowledging them.
What is Collusion: It is the use of other person’s work or ideas with the consent of the otherperson(s), without formally acknowledging them in your own work. Although students can discuss their ideas and group projects freely with anyone, when it comes to writing the report, each student or each group must use their own words to produce their respective reports.
Sharing the same phrases or paragraphs or sections of texts and illustrations (without any acknowledgments) in different group reports constitute collusion.4
Question
|
|
Debit ($) |
Credit ($) |
|
Sales |
|
315,000 |
|
Purchases |
96,840 |
|
|
Carriage inwards |
4,100 |
|
|
Carriage outwards |
10,650 |
|
|
Office expenses |
24,565 |
|
|
Salaries |
55,025 |
|
|
Advertising |
25,000 |
|
|
Utilities |
13,450 |
|
|
Insurance |
20,700 |
|
|
Returns |
32,700 |
17,200 |
|
Cash at Bank |
4,000 |
|
|
Trade receivables |
29,800 |
|
|
Inventory as at 1 Apr 2024 |
18,500 |
|
|
Fixtures and fittings |
37,300 |
|
|
Accumulated depreciation
– Fixtures & fittings, 1 Apr 2024
|
10,170 |
|
|
Office equipment |
108,100 |
|
|
Accumulated depreciation
– Office equipment, 1 Apr 2024
|
|
15,700 |
|
Trade payables |
|
20,460 |
|
8% Loan repayable (2033) |
|
20,000 |
|
Capital at 1 Apr 2024 |
|
85,000 |
|
Drawings |
5,400 |
|
|
Discounts |
1,200 |
3,800 |
|
|
487,330 |
487,3305
|