BCom TY BCom Sem 5 2022 2023 Nov 2023 B. COM 75 25 FINANCIAL ACCOUNTING AUDITING PAPER VII MANAGEMENT ACCOUNTING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 All questions are compulsory and carry 15 marks each
2. Q2 Question Nos. 2 to 5 has internal options
3. Q3 Working notes should form part of your answers
4. Q4 Use of simple calculator is allowed
5. Q5 Figures to the right indicate full marks
6. Q1 A)State whether the following statements are True or False and Rewrite (Any Eight) 8 marks
7. Q1 Management Accounting is dynamic
8. Q2 Patents and copyrights are intangible assets
9. Q3 All the quick liabilities are current liabilities
10. Q4 Trend analysis shows direction of changes
11. Q5 Net Profit ratio is a measure of Profitability
12. Q6 Current Ratio is also known as working capital ratio
13. Q7 Sources of cash must be equal to uses of cash
14. Q8 Cash deposited into bank increases cash inflow
15. Q9 Gross Working Capital is equal to net current assets
16. Q10 A business organization need not have working capital Fillin the blanks with the most appropriate option and rewrite the whole sentence
17. Q1 The use of management accounting is
    • a. Mandatory
    • b. Optional
    • c. Compulsory
    • d. All of the above
18. Q2 The functions of management accounting include
    • b. Reporting
    • d. Allof the above
19. Q3 General Reserve is created out of
    • a. Profit
    • b. Income
    • c. Expenditure
    • d. Dividend received
20. Q4 Provision for depreciation is
    • a. Shown under provisions
    • b. Shown under secured loans
    • c. Deducted from cost of fixed assets
    • d. Ignored
21. Q5 size income statement the basis is
    • a. Total Cost
    • b. Net Profit
    • c. Gross Profit
    • d. Sales 6). Standard Debt Equity Ratio is 7T) Cash sales is
    • a. Financing Activity
    • b. Operating Activity
    • c. Investing Activity
    • d. None of the above
22. Q8 Cash Equivalent is readily convertible into
    • a. Known amount of cash
    • b. Shares
    • c. Debentures None of the above
23. Q9 Net Working Capital is equal to
    • d. the above
    • a. Adequate
    • b. Surplus
    • c. Shortage of
    • d. None of the above
24. Q2 From the following information prepare Vertical Revenue Trend Analysis of Ansh Products for all the years. [15] Less : Cost of Sales 90000 135000 180000
25. Q2 From the following income statement of S N Traders, prepare a Common size Revenue Statement in a form suitable for analysis. [15] Profit and Loss Account For the year ended March 2019 To Administrative Expenses 875000 By Gross Profit 2800000 To Selling Expenses 350000 By Other Income 52500 To Income Tax 455000 To Net Profit c/d 1015000 Treat Interest as Operating Expenses
26. Q3 Following are the Profit and Loss Accounts of M/S Shibu Entetprises for the years ended Profit and Loss Account For the year ended March 2018 and 2019 To Cost of Sales 100000 150000. By Sales 150000 200000 To. Salaries 10000 10000 By Interest 5000 10000 To Office Rent 5000 7500 To Travelling Expenses 7500, 15000 To Net Profit c/d 15000 Prepare a comparative income statement from the above in vertical form
27. Q3 From the following details given below, calculate the following ratios: 15 marks
    • b) Proprietary Ratio
    • c) Current Ratio
    • d) Liquid Ratio
    • e) Stock to Working Capital Cash at Bank 37500 Expenses paid in Advance 46500 Profit and Loss Account (Credit Balance) 162750 Land and Building 600000 Plant and Machinery 408000 Loan from Directors (Repayable after Three Years) 300000
28. Q4 Following is the Balance Sheets of Nisha Limited as on March 2018 and March 2019 Share Capital 200000 200000 | Land and 200000 190000 General Reserves 60000 60000 | Plant and 160000 140000 Profit and Loss 30400 Sundry Debtors 61600 102800
    • a) Dividend of Rs 10000/- was paid during the year ended March 2019
    • b) Depreciation was provided on building, Plant and Machinery & Equipments for the year
    • c) of Rs 10000/- and Equipments of Rs 4000/- were acquired during the year ended 31“ March
    • d) Income Tax provision was made for the year ended 31 march 2019 of Rs 26000/ Prepare Cash Flow statement by Indirect Method as Per AS-3 for the year ended March 2019 Ashu Manufacturing Limited presents the following information for 2016-2017. 15M Estimated Yearly Production and Sales = 76,000 units Estimated cost elements per unit are as follows: Raw Materials — Rs. 5; Wages — Rs. 3; Overheads — Rs. 2 and Selling Price — Rs. 12
29. Q1 The company extends two months credit to the Debtors
30. Q2 The company maintains one month’s stock of Raw Materials
31. Q3 The company maintains one month’s stock of Finished Goods
32. Q4 The processing period is one month
33. Q5 The company is allowed two month’s credit by Suppliers
34. Q6 Wages and Overheads are paid one month in arrears
35. Q7 The cash and bank balance is expected to be equal to
36. Q8 There is regular purchase, production and sales cycle
37. Q9 During production process wages and overheads accrue evenly
38. Q10 Debtors be calculated on cost basis
39. Q11 20% of the customers pay one month in advance You are required to prepare a statement of estimated working capital
40. Q5 the role of management accounting in Decision Making. 8 marks
    • B. Explain the importance of working capital in business 7
41. Q5 Write short notes on Any Three 15 marks
    • a) Functions of Management Accounting
    • c) Debtors Turnover and Creditors Turnover Ratios
    • d) Cash Flow from Operating Activities
    • e). Sources of Working Capital AG : 2.30 AT TUT
42. Q2 yor
43. Q3 fe
    • b) aa ar 38 2028
    • d) 38 2028 MIs Be,
    • H) ALMA
44. Q3 Gad alt

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