BCom In Accounting & Finance (BCAF) SEM IV ATKT INTRO. TO MGT ACC. II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Each question carries 15 marks
2. Q3 Suitable assumptions and working notes should form the part of your answer
3. Q4 Figures to the right hand side indicate full marks
4. Q5 Please check whether you have got the right question paper
5. Q1 A) Rewrite the sentences with correct option (Any 8) 8 marks
6. Q1 is the test of the Short term liquidity of a business
   • c. Operating ratio
   • d. Current ratio
7. Q2 Dividend Received is a Cash Flow from Activity
   • a. Operating
   • b. Financial
   • c. Investment
   • d. None of these
8. Q3 Working Capital Cycle is also known as
   • a. Operating Cycle
   • b. Investment Cycle
   • c. Financial Cycle
   • d. All of these
9. Q4 Accounting Standard deals with Cash Flow Statement
10. Q5 In Common Size Revenue Statement, Percentages of all the components is computed based on
    • a. Net Profit
    • c. Total Sales
11. Q6 is of Fictitious Asset
    • a. Preliminary Expenses not written off Advertisement Expenditure not written off
    • c. Bothe a) and b)
    • d. None of these Paper Subject Code: 78010 Management Accounting (Introduction to Management Accounting) II
    • Q.P. Code: 37087
12. Q7 When Current assets are less than Current liabilities then it is
    • a. Gross
    • b. Positive
    • c. Negative
    • d. Zero
13. Q8 Purpose of management accounting is to
    • a. Ascertain Profit and Loss of Business
    • b. Know Financial Status of Business
    • c. Botha) and b)
    • d. Assist managers to make decisions
14. Q9 Accounting ratios can be expressed in
    • a. Pure number
    • b. Percentage
    • c. Times
    • d. Pure number or Percentage or Times
15. Q10 is not an operating expense
    • a. Advertising expenses
    • c. Depreciation of Machinery
    • d. Loss.on sale of motor car
16. Q1 B) Match the following: (Any 7) Paper Subject Code: 78010 Management Accounting (Introduction to Management Accounting) II 7 marks
    • Q.P. Code: 37087 is the balance sheet of GAMA Itd. as at March, 2016 (15) Sales for the year Rs.1400000; Gross Profit — 25% and opening stock is Rs.218000 You are required to calculate the following ratios (after preparing Vertical Balance Sheet)
17. Q2 Following is the profit and loss account of ABC Itd. for the year ended 31-3-2016. To Opening Stock 200000 | By Sales To Office Salaries To Depreciation on Machinery Opening balance of Debtors is Rs. 230000 and at the end of the year is Rs. 220000 Whereas Creditors in the beginning is Rs. 155000 and at the end of the year is Rs. 185000 You are required to compute the following (after preparing Vertical Income Statement): 15 marks
    • (a) Gross Profit ratio (b) Operating Ratio (d) Creditors Turnover Ratio and The Balancesheet of M/S Vigour Ltd as on 31“ March, 2016 And 31* March, 2017 were Paper Subject Code: 78010 Management Accounting (Introduction to Management Accounting) II
    • Q.P. Code: 37087
    • a) New machinery costing Rs. 80,000 was bought and an old machinery costing Rs
    • b) Tax paid during the year Rs. 90000
    • c) Dividend proposed during the year 12% of Equity share Capital Prepare cash flow statement as per as-3 (use indirect method). (15)
18. Q3 A manufacturing unit wants to estimate their working capital requirements for the year 2017 for 24000 units. Its cost structure is as follows: Materials Rs.150, Wages Rs.120, Factory overheads Rs.40, Administrative overheads Rs.50. Selling price is 10% of It is estimated that:
    • a) Material equal to consumption and finished goods equal to one and half months will be carried in stock
    • b) Process cycle is half a month
    • c) Customers are given a credit of two months
    • d) Suppliers give one month credit
    • e) Lag in payment of wages is a month and in respect of overheads is half a month
    • f) Cash on hand is Rs.40000
    • g) Of the output of the output is sold for cash You are required to estimate the amount of working capital required for the year The accountant of a Pretty Ltd submits the following Trading and Profit and Loss a/c for the year ended March.2017 (15) You are asked to prepare a Commonsize statement and offer your comments
19. Q4 XYZ Ltd. provides you following balance sheets. Rearrange them in vertical form and prepare Comparative statement and offer your comments: (15) Paper Subject Code: 78010 Management Accounting (Introduction to Management Accounting) II
    • Q.P. Code: 37087 10% Debentures 50,000 1,30,000 | Short Term 75,800 47,700
    • A) Distinguish between Management Accounting and Financial Accounting (any 8points
    • B) What is Working Capital? Explain any 6 Determinants. 7
20. Q5 Write Short Notes on any 3 of the following. 15 marks
    • a. Cash Flow from operating activities
    • b. Advantages of Management Accounting
    • c. Limitations of Ratio Analysis

Read from the scan above, so a character or two may differ. The scan is the original.