BCom In Accounting & Finance (BCAF) SEM IV 2016 2017 March 2017 MANAGEMENT ACC Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A) Multiple choice questions (Any 8) 8 marks
2. Q1 Depreciation on Machinery is shown under
   • b) Selling Expenses d) Cost of goods sold
3. Q2 Permanent working capital is also known as
4. Q3 Profit on Sale of Assets is
   • b) Operating Income d) Non of the above
5. Q4 Cash Flow statement is prepare as
   • a) AS-1 c) AS-2
   • b) AS-4 d) AS-3
6. Q5 Following is the current asset
   • a) Stock Debentures
7. Q6 Management Accounting is useful in
   • a) Expenses Profitability
8. Q7 Standard Quick Ratio is
9. Q8 The functions of Management Accounting
   • b) Controlling d) the above
10. Q9 Return on Capital employed is also known as
    • a) Return on total assets c) Return on Investment
    • b) Return on Equity capital d) Return on fixed assets
11. Q10 Assets which can be converted into cash within one
    • b) Current Assets d) Non of the above
    • B) Match the following: (Any 7) 7
12. Q5 Plant and Machinery e) Current Asset
13. Q6 Loss by fire f) Current Liability
14. Q9 Provision for Tax i) Revenue statement Ratio
15. Q2 The following balance are extracted from Magnus Ltd. Balances as on 31st March, 2015 Provision for Taxation 2,30,000 | Bank Overdraft 1,50,000 Preliminary Expenses not 25,000 | Cash 75,000 You are required to prepare Balance Sheet in Vertical Format 15 marks
16. Q2 Following balance are extracted from the books of Yash Ltd. Balances as on 31* March, 2015 N on-Operating Income 500 300 500 You are required to prepare vertical Trend Analysis Profit & Loss Account from the above, 15 marks
17. Q3 Prepare estimated working capital for 2015-16 from following information. Operating capacity - 40% giving output of 40,000 units for the year Estimates for next year 2015-16 Raw material cost to increase by 10% Wages cost to increase by 20% Selling Price to increase by 20% 15 marks
18. Q1 The raw materials will remain in stock for 1 month
19. Q2 The production process will take 1 month
20. Q3 The finished goods will remain in the stock for 2 months
21. Q4 The customers will be allowed a credit of 2 months
22. Q5 The suppliers will allow a credit of a 1 month
23. Q6 The time lag in payment of labour will be 1 month
24. Q7 The time lag in payment of overheads will be half a month
25. Q8 The Cash & Bank balance is expected to be 25,000
26. Q9 Calculate debtors on cost basis
27. Q10 20% of the purchase wil) be on cash basis
28. Q3 Following is the Profit and Loss A/C of Prestige Ltd for the year ended To Purchases 1,63,575 | By Closing Stock 42,000 To Carriage inward 4,275 | By Interest Received on 2,700 To Office Expenses 45,000 | Investment To Sales Expenses 13,500 To Loss on Sale of Assets 1,200 To Net Profit 45,000 Convert above statement in vertical format and calculate following ratios
    • c) Operating Ratio 4 Following is the Balance Sheet of Karan Ltd as on 31st March, 2015, 15 Balance Sheet as on March, 2015 Prepare a common size Balance Sheet in Vertical format
29. Q4 From the following information calculate the following Ratios and Write Comment on current Ratio Balance Sheet as on 31* March, 2015 Profit and loss Account for year ended 31-03-2015 To Opening Stock 75,000 | By Sales 5,00,000 To Purchase 1,50,000 By Closing Stock 1,25,000 To Wages 1,50,000 By Profit on sale of Assets 25,000 To Office Expenses 25,000 To Selling Expenses 25,000 To Loss by fire 27,500 To Net Profit 1,92,500
30. Q5 A) Define Working Capital and Explain the factors affects the requirement of
    • B) Define Asset. Explain various types of assets
31. Q5 Write a Short Note : (Any 3) 15 marks
32. Q2 Functions of management Accounting,
33. Q3 Difference between financial accounting and accounting,
34. Q4 Type of working capital
35. Q5 Combined Ratio,

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