B.Com In Banking & Insurance (BCBI) Sem V 2022 2023 Dec 2023 I FINANCIAL REPORTING ANALYSIS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Working note should form part of your answer
2. Q3 Figures to the right indicate full marks
3. Q1 A) Match the Column ( Any 8 10) Reserve for Unexpired Risk in case of AS-3 8 marks
4. Q1 B) Sate whether following statement is True or False (Any 7/ 10) 7 marks
5. Q1 A banking company requires a licence from SEBI
6. Q2 Schedule 9 of Banking Companies is advances
7. Q3 Schedule 1 of Insurance Companies is Commission
8. Q4 Claims on Reinsurance Accepted is less from claims paid
9. Q6 The final accounts of companies are to be prepared in accordance with the provision of Companies Act 1956
10. Q7 Payment to employees is out flow
11. Q8 ASB is Accounting standard board
12. Q9 Share Based Payment is governed by IFRS 2 marks
13. Q10 Purchase of Furniture will be shown in the Cash Flow Statement as Investing cash
14. Q2 A) From the following information find out the amount of provision required to be made in the Profit & Loss Account of Laxmi Commercial Bank Ltd for the year ended More than3 years
15. Q2 B) Calculate Rebate on Bills Discounted as on 31/3/2022 from the following data. 7 marks
16. Q2 The following is the balance sheet of Avishkar Bank Ltd as on 31/3/2022 Interest on Saving Bank Loans Cash Credit and Bills Discounted and Purchased
17. Q1 Rebate on Bills Discounted Rs 22,000
18. Q2 Create Reserve for Doubtful Debts Rs 12,000
19. Q3 Acceptances on Behalf of Customer Rs 1,80,000 You are required to prepare Profit & Loss Account for the year ended 31/3/2022 and Balance Sheet as on that date (15)
20. Q3 From the following figures taken from Mata Insurance Co Ltd prepare Revenue Account Marine Department for the year ended March 2022. (15)
21. Q3 From the following balances of Jai General Insurance Co Ltd as on 31/3/2022.Prepare Fire Revenue Account , Marine Revenue Account and Profit & Loss Account. (15)
22. Q4 A)The authorised share capital of a Tamba Ltd is Rs 2,00,00,000 divided into 1,00,000 10% Preference Shares of Rs 100 each and 10,00,000 Equity Shares of Rs 10 each.75% of each class of shares were issued to the public fully paid up. Rs 20 per share on 2,000 10% Preference Shares and Rs 4 per share on 40,000 equity shares was not received The company reserves and surplus was as under Prepare the Notes on Share Capital and Reserves & Surplus forming part of Balance Sheet of the company. (08)
23. Q4 B) Prepare Fixed Asset Schedule from the following details Particulars Cost (Rs ) | Provision for Depreciation Depreciation is to be provided as : Land & Building @ 5% ; Plant & Machinery @ 12% and Delivery Van @ 15% on WDV Method (07)
24. Q4 Zim Ltd gives you the following balancesheet for the year ended March 2021 and March 2022.Prepare and estimate cash flow for the year ended March 2022. (15) Provision for 40,000 55,500 | Cash 12,000 10,000
25. Q1 The Company Paid tax for Rs 45,000 during the year
26. Q2 Depreciation was charged on Land & Building and Plant & Machinery at 12,000 and
27. Q3 Investment costing Rs.10, 000 was sold for Rs.12, 000 during the year
28. Q5 a) What are the reasons for unethical reporting? 8 marks
29. Q5 b) What are the objectives of IND AS 10? 7 marks
30. Q5 Write Short Notes ( Any 3 /5 ) 15 marks
31. Q1 Whistle Blowers
32. Q2 Reserve for Unexpired Risk
33. Q3 Importance of Cash Flow Statement
34. Q4 Rebate on Bill Discounted
35. Q5 Need for Converge of IFRS

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