B.Com. (Financial Management) SEM III 2019 2020 Oct 2020 MANAGEMENT ACCOUNTING Question Paper - Mumbai University | munotes

Questions asked in this paper

• 2. Figures to the right indicate full Marks

1. Q3 Working note should be part of Answer
2. Q1 A ) State whether True False ( Any 8) 8 marks
3. Q1 Building is show under “Application of Funds’ in the Vertical balance sheet
4. Q2 Common size statement is used for both horizontal and vertical analysis
5. Q3 A financial statement for one company that shows two or more years in a side by side format is called a comparative financial statements
6. Q4 Interest paid on loans reduces the Cash flow for financing activities The write off bad debts will increase the current ratio
7. Q7 The cash conversion cycle cannot be negative
8. Q8 Working capital refers to the firm s long term capital
9. Q9 Ina balance sheet fictitious assets are includes under fixed assets
10. Q10 An outstanding expense is the current assets in balance sheet
11. Q1 B) Match the followings: ( Any 7 ) 7 marks
12. Q2 The following balances appear in the books of M/s Kadu & Bros. at 31st March, 2014. You are required to prepare Balance Sheet, in a form suitable for Financial Analysis. ( 15 Marks) Cash and Bank 12,000 Land and Building at cost less depreciation 80,000 Plant and Machinery at cost less depreciation 1,04,000 Term Loan from Bank 70,000 Provision for Tax 32,000 Present the above Balance Sheet in vertical form and show the following:
13. Q2 a) From the following information prepare a Comparative Statement of ABC Ltd. Cost Of Goods Sold 2,50,000 2,40,000 8 marks
14. Q2 b) M/s Anuj carrying on business, furnished their position as on march 2012, 2013, 2014 Balance Sheet as at 31 st March (7 Marks) Liabilities for Expenses Prepare trend Balance sheet in Vertical form
15. Q3 The summarized final accounts of two companies are as follows: Revenue Statement for the Year Less: Cost of Sales 2,37,600 1,98,000 You are required to calculate the following ratios 15 marks
    • (1) Proprietary ratio
    • (4) Operating ratio
    • (5) Return on capital employed ratio
    • (6) Return on proprietors' equity ratio
    • (7) Expenses ratio
16. Q3 Following is the Balance Sheet of Bliss and Happiness Ltd., as at 31st March, 2013 Balance Sheet as on 31st March, (15 Marks) 10% Preference Capital 1,80,000 | Stock in Trade 1,01,000 Bank Overdraft 20,000 | Cash and Bank 38,000 Provision for Tax 18,000 | Profit and Loss A/c 14,000 Sales for the year Rs. 7,00,000; Gross Profit Rate - 25% and Opening Stock is Rs. 1,09,000. Profit Before Tax for the year ending 31-3-2013 is Rs. 2,10,000. You are required to compute the following ratios and comment on Current Ratio
    • (i) Current Ratio
    • (v) proprietary Ratio
    • (vii) Return on Capital Employed Redrafting the given Balance Sheet in vertical format is not
17. Q4 The following are the particulars of Ajay & Company for the year 2018-19. Calculate the working capital estimate for annual sales of 156,000 units. ( 15 Marks)
18. Q1 Cost Sheet
19. Q2 Production and Sales take place evenly throughout the year
20. Q3 Raw Material is on eight weeks credit 4, Raw Material remains in stock for eight weeks
21. Q5 Processing period is of two weeks, wherein Raw Material, Wages and Overheads accrue evenly
22. Q6 Finished' Goods remain in stock for ten weeks
23. Q7 Customers are given nine weeks credit
24. Q8 Time lag in payment of wages is four weeks
25. Q9 Time lag in payment of overheads is two weeks
26. Q10 Cash and Bank Balance is maintained at Rs. 15,000
27. Q11 Calculate Debtors on sales
28. Q4 Following are Summary Balance Sheets of Z Ltd. as on 31 st March 2013 and 31 st March, Share Capital 20,00,000 | 20,00,000 | Land and Building 20,00,000 | 19,00,000 General Reserve 6,00,000 6,00,000 | Plant and Machinery 16,00,000 | 14,00,000 Profit and Loss 3,04,000 | 2,00,000 | Sundry Debtors 6,16,000 | 10,28,000 Provision for Tax 2,00,000 2,00,000 | Cash 40,000 12,000
    • (1) Dividend of Rs.1,00,000 was paid during the year ended 31 st March 2014
    • (2) Depreciation was provided on Land and Building, Plant and Machinery & Equipments for the
    • (3) Machinery of Rs. 1,00,000 and equipment of Rs.40,000 were acquired during the year ended Income Tax provision was made for the year ended 31st March 2014 of Rs. 2,60,000 Prepare Cash Flow Statement by Indirect Method as per AS-3 for the year ended 31 st March
29. Q5 Answer the following:
30. Q1 Explain the factor determining working capital? 8 marks
31. Q2 Limitation of Ratio analysis? 7 marks
32. Q5 Write short notes (Any 3) 15 marks
33. Q1 Balance sheet
34. Q4 Financial Activities 5.Technique of financial analysis

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