B.Com. (Financial Management) SEM III 2018 2019 Oct 2019 S.Y.FIN. MGT SEM III (CHOICE BASE)MGT.ACC. Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Use of simple calculator is allowed
2. Q3 Working notes should be made part of main answer Select the correct answer ( any 8) :- (8)
3. Q1 Working Capital Statement is prepared
   • a) Optimum utilization of resources for profitability
   • b) To meet day-to day current obligations
   • c) Ensuring marginal return on current assets is always more than cost of capital
4. Q2 If sales are Rs. 7,50,000, Gross Profit is 25% on Sales. The amount of gross profit will be
5. Q3 % Increase/ Decrease is a method in the preparation of
6. Q4 Liquid ratio is quick assets
7. Q5 Debt equity ratio is a relationship between
   • a) Short term debt & equity b) Long Term debt & equity Current liability & share capital
8. Q6 Sale of Furniture is recorded under Cash from
9. Q7 Interest received is cash flow from
   • a) Operating activity b) Investing activity c) Financing Activity d) None of the above
10. Q8 Auditors Fees paid is a type of expenses
    • a) Office and Administration b) Selling & Distribution c) Financial
11. Q9 Management accounting is
    • a) Compulsory under law b) c) optional d) Voluntary and optional
12. Q10 Working Capital is
    • a) Excess of fixed assets over b) Excess of Current Assets over Current Liabilities
    • c) Excess of Share capital over Loans d) None of the above
13. Q1 B) State whether the following statements are True or False (any 7):- Management accounting is known as corporate accounting 2 is expressed by dividing one figure by the other unrelated figure 3 Operating Cost means Cost of goods sold plus Operating Expenses 4 Working Capital is Current Assets Less Current Liabilities 5 of Shares, Issue of Debentures and short term borrowings are cash inflows 7 marks
14. Q6 Fictitious assets can be realized
15. Q7 Management accounting aims to report the outsiders Current ratio is also called as acid test ratio 9 Gross profit shows the trading efficiency
16. Q10 in an item of current assets causes a decrease in cash inflow
    • Q.P. Code: 23254
17. Q2 From the following Profit and Loss A/c. of A. Ltd., you are required to prepare common size Income To Gross profited To Loss on sales of To Provision for taxation
18. Q2 From the following information you are required to Prepare Vertical Balance sheet of A. Ltd Balance Sheet as on 31-3-2016 (15)
19. Q3 From the following information you are required to calculate the following Ratios. 15 marks
    • Q.P. Code: 23254
20. Q3 From the following information, you are required to calculate
21. Q4 Sainath’s factory produces 96,000 units during the year and sells them @ Rs. 50 per unit. Cost structure of a product is as follows : The following additional information is available :
    • (i) The activities of purchasing, producing and selling occur evenly throughout the year
    • (11) Raw Materials equivalent month’s supply is stored in godown The production process takes 1 month
    • (iv) Finished goods equal to three months’ production are carried in stock
    • (vii) . Time lag in payment of wages and overheads is 4% month
    • (viii) Cash and Bank Balance is to be maintained at Rs. 2,00,000 Draw a forecast of working capital requirements of the factory
    • Q.P. Code: 23254
22. Q4 From the following details relating to the accounts of Gee Ltd., Prepare cash flow statement Balance Sheet (Rs. In Lakhs) (15) Provision for tax 1.00 70 Debtors 5.00 7.00
23. Q1 Depreciation at 25% was charged on the opening balance of machinery
24. Q2 Old machine costing Rs.50,000(Wdv Rs.20,000) was sold during the year for Rs.35,000
25. Q3 Income tax paid during the year was Rs.50,000
26. Q4 Building was under construction & hence not subject to Depreciation
27. Q5 Write short notes on (any 3): - 15 marks
    • a) Distinguish between Financial Accounting and Management Accounting
    • b) Cash from Financing activities
    • c) Return on Capital Employed
    • d) Operating Expenses
    • Q. P. Code: 23254

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