B.Com In Investment Management SEM I 2019 2020 Nov 2020 INV. MGT INVESTMENT MANAGEMENT Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 a) State Whether True Or False (any 8) marks
2. Q1 As-l is applicable to Goodwill
3. Q2 Selling & distribution cost would include in the cost of inventory
4. Q3 Revenue recognition is applicable to natural increase in forest products
5. Q4 Trading account is prepared to calculate net profit or net loss
6. Q5 Carriage inward cost should be included in the con: of inventory
7. Q6 Inventory includes assets purchased and held for giving on rent
8. Q7 Freight inward, Octroi, etc. are allocated on the basis of Purchase of each department
9. Q8 In departmental Accounts, Interest on loans are to be charged to general Profit and
10. Q9 Fixed assets are those assets which are tangible & intangible
11. Q1 a) Match the columns (Any 7) 1.AS-2 a) Allocated on the basis of the floor space 2.Fixed Assets occupied by each department 3.Realisation Value b) Goods used by the proprietors 4.Down Payment c) Not applicable tivestock 5.Higher d) Expected to be used for more than one 7.Drawings Payment made by buyer on signing hire 8.Insuranee For Building purchase agreement 9.First In First Out Method f) The closing stock is valued at the latest rate 10.Weighted Average Cost g) Does not represent actual cost price of 7 marks
    • h) A liability
    • i) Buyer of Goods on Hire Purchase basis Value expected to be realized from sale
12. Q2 The KBC limited purchased machinery from Riya Motors Ltd. on hire purchase basis The cash price of the machinery was 3, 20,000. The amounts was payable as under: 1,00,000 on the date of purchase i.e on January 201-4 j The Riya Motors Ltd charged interest at 5% p.a on the unpaid amount. The purchasing company decided to write off as depreciation 20% on the diminishing balance every year You are required to give Machinery A/c , The Riya Motors Ltd A/cand Interest books of the KBC Ltd according to credit purchase method. (15)
13. Q2 Stock of material as on 1-03-2013 was 1000 units at Rs.10 per unit. The following purchases and sales were made during the month of March 2013 11.03.2013 4,000 units at Rs. 13 P.U 21.03.2013 5,000 units atRs.14P.U 05.03.2013 5,400 units 15.03.2013 2,600 units 31.03.2013 5,000 units (15)
14. Q3 The Trial balance of Mrs. Deep as on 3 December, .018 was as follows: Work in Progress 10,000 | Bills payable 8,500 Finished Goods 15,500 | Sales of scrap 1,500 Carriage Inward 1,000 Provision for Doubtful debts | 1,600 Repairs of Plant 1,200 Repairs of Office furniture | 600 Plant and Machinery 2,300 Following additional information is provided to you: 15 marks
15. Q1 Closing Stock as on December, 2018 was: Raw materials Rs. 15,800, finished
16. Q3 Lighting expenses were outstanding Rs. 600 insurance was prepaid Rs. 500 J 4. Depreciation is to be provided 10 % on Machinery & 5 5 on Furniture
17. Q5 Provisional for doubtful debt is to be maintain at 10 %
18. Q6 25 % of lighting expenses and rent is to to be charged office premises and remaining
19. Q7 prepare Manufacturing A/c , Trading A/c and & Loss A/c for the year ended on December 2018 and Balance Sheet as on that date
20. Q3 Raj purchased a printing machine from Sai printers on Hire purchase basis on July 2017. The terms of the contract were as
21. Q1 The cash price of the machine was ‘ 15,000 was paid on signing the contract on 1* July 2017
22. Q3 The balance was paid in installment of 20,000 plus interest at 15% p.a
23. Q4 The instalment were paid on 31‘ December every year commencing from 31* December Jay charged depreciation at 20% p.a. under SLM. They closed their books on 31* December Show in the books of Jay necessary accounts. (15)
24. Q4 Keep stock record on FIFO and Weighted Average basis from the following transactions 04.01.2019 Purchase 40 30 17.01.2019 Purchase 60 28 20.01.2019 Sale 50 35 22.01.2019 Purchase 80 29 25.01.2019 Sale 80 33 28.01.2019 Sale 20 34 30.01.2019 Purchase 100 26 31.01.2019 Sale 90 35
25. Q4 State with reasons whether the following expenses are capital or Revenue
26. Q1 Purchase of old machinery for cash Rs. 1, 00,000
27. Q2 Payment of loan taken earlier.Rs.25,000

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