KSLU Solved Question Papers
Cost and Management Accounting
Previous Year Question Paper with Solution
B.B.A. LL.B. (Five Years) · Sem 3
2022 Oct Examination
munotes.in
Mumbai
B.B.A. LL.B. (Five Years) Sem 3 Cost and Management Accounting 2022 Oct Question Paper with Solutions
First published on munotes.in on 1 November 2026.
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The question paper reproduced here is the paper as set by Karnataka State Law University at the 2022 Oct examination.
Contents
The questions below are the paper as Karnataka State Law University set it at the 2022 Oct examination, in the order it was set.
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the 2022 Oct examination, reproduced as Karnataka State Law University set them, in the order it set them. Long reading passages are shortened to their first and last lines and our summary; the original paper prints them in full. Only the answers are ours. See the original question paper.
Duration 3 hours · Total marks 80 · 20 questions answered
Instructions printed on the paper
- N.B. (1) Answer all five Units. (2) One essay type question and short note/problems is compulsory from each Unit. (3) Figures to the right indicate marks. (4) Answer should be written in English Completely. (5) Use simple calculator.
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
Q1
Unit I
(a)Using the information given below, prepare a cash budget showing expected cash receipts and disbursements for the month of may and balance expected in May 31, 1986.[10]
Answer
The figures given in the question
1) Expected cash balance in May 1,1986 ₹ 60,000.
2) Sales :
March - ₹ 5,00,000
April - ₹ 3,00,000
May - ₹ 8,00,000
Half collected in the month of sale, 40% in the next month, 10% in the third month.
3) Purchases :
April - ₹ 2,50,000
May - ₹ 4,00,000
40% paid in the month of purchase, 60% in the next month.
4) Wages due in May for ₹ 88,000.
Three years insurance policy due in May, for renewal ₹ 2,000 to be paid in cash.
5) Other expenses for May, payable in May, ₹ 44,000.
6) Depreciation for the month of May ₹ 2,000.
7) Accrued taxes for May, payable in December, ₹ 6,000.
8) Fixed deposit receipts due May 15, ₹ 1,75,000 plus ₹ 10,000 interest.
For full marks, cover: the collections in May from the sales of March, April and May; the payments for purchases of April and May; the other cash items; which items are left out (depreciation, taxes accrued for December) and why; the cash budget for May 1986 with the balance on 31 May; and a conclusion.
Collections from debtors in May
Half of each month's sales is collected in the month of sale and 40 per cent in the next month. The last 10 per cent comes in the third month. So May collects from the sales of May, April and March.
| Source | Workings | Amount (Rs) |
|---|---|---|
| May sales, 50 per cent | 8,00,000 × 50/100 | 4,00,000 |
| April sales, 40 per cent | 3,00,000 × 40/100 | 1,20,000 |
| Source | Workings | Amount (Rs) |
|---|---|---|
| March sales, 10 per cent | 5,00,000 × 10/100 | 50,000 |
| Total, collections in May | 5,70,000 |
Payments to creditors in May
40 per cent of each month's purchases is paid in that month and 60 per cent in the next.
| Source | Workings | Amount (Rs) |
|---|---|---|
| May purchases, 40 per cent | 4,00,000 × 40/100 | 1,60,000 |
| April purchases, 60 per cent | 2,50,000 × 60/100 | 1,50,000 |
| Total, payments to creditors | 3,10,000 |
Items left out
- Depreciation of 2,000 rupees is not a cash payment; it only reduces the book value of assets.
- Accrued taxes of 6,000 rupees for May are payable in December, so no cash leaves in May.
Cash budget for May 1986
| Particulars | Amount (Rs) |
|---|---|
| Opening cash balance, 1 May 1986 | 60,000 |
| Add: Collections from debtors | 5,70,000 |
| Add: Fixed deposit maturing on 15 May | 1,75,000 |
| Add: Interest on the fixed deposit | 10,000 |
| Total, cash available | 8,15,000 |
| Payments to creditors | 3,10,000 |
| Wages | 88,000 |
| Insurance renewal, three-year policy | 2,000 |
| Other expenses | 44,000 |
| Total, cash payments | 4,44,000 |
| Closing cash balance, 31 May 1986 | 3,71,000 |
Cash available is 60,000 + 5,70,000 + 1,75,000 + 10,000 = 8,15,000. The closing balance is 8,15,000 - 4,44,000 = 3,71,000.
Conclusion. Cash receipts in May are Rs 7,55,000 (collections Rs 5,70,000 and the fixed deposit with interest Rs 1,85,000). Cash payments are Rs 4,44,000. The expected cash balance on 31 May 1986 is Rs 3,71,000. Depreciation and the taxes payable in December do not enter the budget.
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