BCom TY BCom Sem 5 BCom Sem 5 (2015 2016) April 2016 TYBCOM SEM V ATKT EXAM MGT. ACC. Question Paper - Mumbai University | munotes

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Q1 (A) Fillin the blanks with most appropriate option and rewrite whole sentence
- (1) Acquiring assets against issue of debentures will the net cash from financing activities, (Not Change Increase Reduce)
- (3) Return on Investments ratio measures
- (4) In vertical income statement interim dividend paid to equity shareholders will An increase in Debtors by & 25,000 and decrease in Bills Payable by (Increase in working capital by = 45,000 Decrease in working capital by 45,000 Increase in capital by & 5,000) Cash Flow Statement indicate the change in the cash and cash equivalents Position of the concern between two dates. Ifthe Current Assets are = 20,000 which include Stock 5,000 and Current 1% are including Bank Overdraft 5,000 then Quick Ratio
- (8) Knowledge derived from recorded facts is known as information is used by lower level Management to plan the objectives of the organisation
- (10) For calculation of Debt-Service ratio Net Profit should After Interest but Tax) +. B) State whether the following statements are True or False and rewrite 7
- (1) Working capital means current assets of the company that are changed in ordinary course of business from one to another, Purchase of fixed assets on credit will increase debt-equity ratio
- (4) Gross working capital is qualitative concept
- G) Securities premium is not a part of Reserves & Surplus
- (6) Staff salary is an operating expenditure. ‘ Common size Statement ‘known as 100% statement Cash received from sale of furniture is treated as cash inflow from Generally, Income Tax payment is a cash flow from Operating activities
Q2 is the Trial balance of Babali Ltd. as on 31* March, 2015. Discount on Issue of Debentures 5,000 (not yet written off) Cash and Bank Balance 15 marks
- (1) as on 31* March 2015 is 20,000
- (2) Make provision for Income Tax of = 30,000
- (3) Provide for final 20,000 are required to prepare vertical Income Statement for the year ended March 2015 and vertical Balance Sheet as on that date for
Q2 (A) Following are the Trading & Profit and Loss Accounts of Chaitali Ltd. for the years ended 31 March, 2014 and 2015 Trading & Profit and Loss Account for the year ended 31st March Prepare a comparative income statement from the above in vertical form Following is the Balance Sheet of Kedar Ltd. as on 3]* March, 2015. 7 = = Common Size Balance Sheet ftom the above in vertical form
- Q.P. Code: 17889 Vinod Ltd. furnishes you their Balance Sheet as on 31st March, 2015 with 15 Balance Sheet as on March, 2015 15% Term Loan from Bank 3,00,000 Provision for Income Tax_— Advance Income-Tax ProvisionforDividend Discount on issue of Debentures
- (a) Total Sales for the year = 40,00,000 (70% on Credit)
- (c) Profit before % 4,20,000 From the above you are required to calculate the following ratios and offer your on Quick Ratio
- (i) . Current Ratio
- (vi) Turnover Ratio and Note :- Converting statement in vertical form is not expected = Following is the financial POSition of Aditi Ltd. as on 15 af as on 31" March % Debentures & 10% Preference Shares were redeemed on 31% march 2015, = Depreciation on Plant & Machinery = 70,000, Land & Building = 60,000 and Motor Car = 48,000 Income Tax Paid during the year was = 1,00,000 Investment; having cost & 20,000 were sold at 50,000 & During the year Furniture purchased 2,82,000 Dividend on Preference Share Capital & Debenture Interest, both are You are required to Prepare Cash Flow Statement as per AS - 3 for
- Q.P. Code: 17889 4, From the.following Balance Sheets of Chetan Ltd. prepare Trend Percentage 15 statement in vertical form Balance Sheets as on 31st March
Q4 From the following estimates of Konika Ltd. for the year 2015-16, you are 15 marks
- (b) Export Sales = 1,13,400 p.a
- Q.P. Code: 47889
- (f) Profit on Local Sales : 25% of cost
- (g) Exports Selling Price is expected to be 10% below the Local Selling Price J (h) Average stock finished goods is sufficient to sustain local sales 2 months and export sales for 1 month Cash for contingencies : 10% of the total working capital
- G) Raw Materials will remain in stock for 2 months. Qo
- (1) Local debtors enjoy credit of 4 months. Value debtors at selling price
- (m) Export sales are only on cash basis. AS Suppliers of raw materials allow credit of 2 months. >
- (0) Time lag in payment of labour and overhead expenses is one month activities are spread evenly throughout the year Explain the Role of Management Accounting in decision making. 8 Distinguish between own funds and owed funds: 7 Write short notes on :- (any three) 15 Nature of Management Accounting, Tools of Financial Analysis, for comparison Katio Analysis, Work-in-Progress (meet are we
- (4) Tare a

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