BCom TY BCom Sem 5 BCom Sem 5 (2015 2016) Oct 2016 T.Y.B.Com Sem V.Mgt ACC 2015)(1) Question Paper - Mumbai University | munotes

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Q6 of simple calculator is allowed. &
- (6) Figures to the right indicate full marks 1, (A) Fillin the blanks with most appropriate option and rewrite whole (any eight) ve
- (1) The purpose of ratio is to show the to which working capital is blocked in inventories. Q
- (2) expenses refers to those expenses the company has incurred, of which the benefits are yet to be 4
- (3) is not considered as an asset
- (4) If costing 70,000 ( 30,000) sold for 60,000, it results in the cash inflow from activities of
- (5) Preliminary expense example of expenditure
- (6) Current as an index of solvency
- (7) information is used by top management to plan the objectives of and to assess whether the objectives are being met in
- Q.P. Code : 13876
- (8) In 'Cash Flows from Operating Activities’ adjustment for changes in working capital will not include change in L sundry creditors provision for tax)
- (9) Analysis means comparing figures In 4 financial statements Q
- (10) In analysis statement’ downward trend will be clearly by the (more than less than equal to)
Q1 (B) State whether the following statements are True and rewrite 7 marks
- (1) It is compulsory for every company to prepare and publish their trend
- (2) Decrease in the balance of sundry deptdts results in cash inflow
- (3) Investment in the shares of a company is a short term
- (4) Issue of equity shares on of convertible debentures is a non
- (5) While estimating workingcapital requirement, availability of 'Cash facility from bank be considered
- (6) and overheads are included in the valuation of finished is in non-operating expenses and non-cash expenses statements revenues of one particular year are compared with as at the end year tr analysis statement latest year is taken as base year gearing ratio compares own funds with owed funds
- Q.P. Code : 13876
Q2 Following is the Trial Balance of Kusumanand Ltd. as on 31" March, 2015. (Not yet written off) Depreciation on plant 40,000 15 marks
- (1) Closing Stock March 2015 is 60,000
- (2) Make Tax @50% on PBT You ar uired to prepare vertical Income Statement for the year ended 31 015 and vertical Balance Sheet as on that date for financial
- Q.P. Code a Ltd. as on 31* March, 201
Q2 (A) Following are the Balance Prepare a comparative Balance Sheet from the sbove
Q2 (B) Following is the Trading and Profit & Loss of Omkar Ltd, fo, th Trading and Profit & Account for the year ended 2015 To Opening Stock 1,20,000 4 To Gross Pro 28,800 24,000|By Gross Profit b/d 28,800 6,000| By Interest on Investment 15,600 Rol me Statement from the above in vertical
- Q.P. Code : 13876 Total Sales for the y 24,00,000 (70% on Credit)
- (c) Profit before 1,40,000 Calculate the ratios and offer your comment only on Current Ratio
- (i) Current RaXo
- (ii) Ratio Creditors Turnover Ratio and Ns Note :- Converting statement in vertical form is not expected
Q3 ing is the summarize as on March Payable 2,00,000 Discount on 20,000
- (1) During the ye a fixed asset having original cost of 1,65,000 sold at of 15,000. Depreciation for the year was & 2,00,000
- (2) Income was completed for the year ended 31-03-2014
- (3) 9% Preference Shares & 10% Debentures were issued on preference dividend and Debenture Interest is paid on Investments of 50,000 were sold for 60,000 You are required to prepare Cash Flow Statement as per AS -3 by Indirect anned by CamScanner 7 90 units of product in a Year and sales 2,40,0 nit and its analysis is : Ltd manufactures is 50/- per 4 Overheads ds 10%; and the balance is Selling and Distribution Ove aN 016 are given for your for the yeat 2 The following estima ck for 1 month
- (a) 'Raw remain in sto
- (b) Suppliers of Raw Materials allow 2 month
- (c) The 'Work-in-Progress' is to be valued at 80% Whe total direct costs of one month's production. &
- (d) Goods' equal to % month's are in stock Customers are allowed 2 months'
- (f) Time lag in payment of one month
- (g) Both the overheads one month in advance, Of the is on credit
- (i) Cash for (excluding ined at 10% of net working capital TS are to be val ued at selling Price of Production and gal year 2016 Working capital requin throughout the year “ment of Prajisha Ltd, for m the following Bal Statement in vertical form Sheet of Praful Ltd., prepare Trend Percentage 15 Balance Sheets as on March
- (A) Explain the different 4s of information. 8 State the different of working capital. 7 Write s notes on :- (any
- (1) _Rithotions of management accounting of financial analysis Financial classification of accounting ratios Sources of cash outflows tance of working capital
- Q.P. Code : 13876
- (8) ware
- Q.P. Code : 13876

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