BCom In Accounting & Finance (BCAF) SEM I 2015 2016 2016 BAF I SEM F.A. 16 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q5 Units in = opening + loss account shoes the profit Prepaid expenses is a position of the firm Received Rs. 100000 as a from ather is Revenue
   • (B) Match the following, 7)
2. Q3 Capital Expenditure | B ening Statements of Affairs : From the following particular, prepare stock by FIFO and Weighted Average Method stock in hand on 2014 was 100 units @ Rs. 25 each From the following inforn ation of ABC Itd. prepare stock ledger by FIFO and Weighted Average Method Stock as on March 2500 | 30
3. Q1 On March 2013 2000 of Raw Material 16009 outwards 6500 rent and rates 12000 On Decem Stocks we 28 marks
4. Q1 goods Rs. 95000. Were valued as: Rs. 55000. Work-in-progress Rs. 75000 Manager is entitled fora commission of 5 reserve for bad debts by Rs, On net profit before charging his
5. Q6 Interest loan is still unpaid write off rade Marks @ 33.1/3 Ashutosh keeps his books by si cash book for the year gives the Received ors 60000 | Due to Bank (Jan 7400 paid on capital ac 5000 | Payment to creditors 25000 Balance at bank 4000 Balance in hand From the above material prepare a profit & loss account for the year ended 3 December 2013 and a Balance sheet as on that date, after providing 5% interest on capital. (Ignore additional capital), 10% depreciation on plant. 5% depreciation on furniture. Reserve on sundry debtors is 5%. (15 marks) Wages 40 Was salvaged, amy, of Gross Profit to Co at the was in 2 Purchases include Purchase of 2900 we Marks was in paid ) the amount of Claim State whether the statements are capital t paid for installation of machinery, Paid import duty on Raw Material Purchased, received by creditors Rs. 2000, defective part of the Renovation of factory % from Bank Rs. 500000, Write Short Notes. (Any 3) Accounting Standards issued by ICAI Characteristics of Capital

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