BCom TY BCom Tybcom Others B Com. Fin.Account Auditing Paper V Reivised Course Old Pattern Question Paper - Mumbai University | munotes

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Older exam B Com . Mgt Accounting. Course Old Pettern Year. r Semester-end · tybcom others → Newer exam B Com. Fin.Account &Auditing Paper V Reivised Course Old Pattern Semester-end · tybcom others →

Questions asked in this paper

Q1 Attempt any four questi 3 working Notes should 16 marks each
- (4) Proper presentation and neatness is
- (5) Use of simple calculator is allowed Following is the Profit & Loss A/c of Manali Limited for the year ended 31st March, 2013 :— 20 for the year ended 31st March, 2013 To Opening Stock 44,000 | By Sales less Retums 2,00,000 To Purchases less Returns 82,000 | By Closing Stock 60,000 To Wages 40,000 | By Interest Received 20,000 To Carriage Inward 12,000 To Office Expenses 12,000 To Administrative Expenses 8,000 To Finance Expenses 12,000 To Show Room Expenses 6,000 To Loss on Sale of Furniture 4,000 To Income Tax 10,000 To General Reserve 12,000 To Proposed Dividend 6,000 To Net Profit 2,000 Calculate following Income Statement Ratios :— Vertical Statement not expected
- (a) State whether the following statements are True or False :— 8 All Fixed assets are subject to depreciation Owed Fund is an internal source of finance Discounted cash flow technique takes into account time value of money Current ratio indicates short term financial position of the concern Incash flow statement issue of bonus shares is shown under financing activity Computer has no role to play in MIS Data requires processing before it becomes information Fill in the blanks :— t Capital Work In Progress is treated’ aS and Operating expenses Total of Cost of Goods Sold and tis knowna of net profit and Items debited to P & L Account Is {n Capital Budgeting period is usually As per MIS tactical decisions are taken by Undistributed profits are called
Q3 The following balances appear in the books of Shyam Ltd. forthe year ended 31st March, 2013. You are required to prepare the Balance Sheet in Vertical Form Calls in Arrears 20,000 |. Cash in Hand 34,000 Provision for Bad Debts 10,000 | General Reserve 1,00,000 Plant and Machinery 1,60,000 Long Term Loans 1,20,000 4 Bank Balance 80,000 | Profit and Loss Account (Cr) 3,70,400 Goodwill 80,000 | Land and Building 3,40,000 Liability for Expenses 4,800 | Capital Reserve 26,000 Provision for 10,000 | Proposed Dividend 20,000 16 marks
Q4 From the following information prepare Trend Revenue Statement Limited after arranging in Vertical Form. Ignore decimals Selling and Distribution Expenses .20,000 25,00 Provision for Tax. 50% 40% 40% , Following is the Balance Sheet of Deepali Limited as on 31, March, 2013 -— 16 Cash 15,000 | Cash on Hand 6,000 for Income Tax 10,000 | Cash at Bank 14,000 f You are required to calculate following Ratios :— 16 marks
- (2) Liquid Ratio
- (4) Proprietory Ratio Write short comment on current ratio Vertical Statement not expected From the following Balance Sheets of Sudesh Ltd., prepare Cash Flow Statement as per 16 AS-3, for the year ended 31st March, 2013 :— Cash and Bank 3,60,000 3,00,000 Creditors for Goods 70,000 60,000
- (1) During the year some of the Fixed Assets were acquired against issue of Equity
- (2) Depreciation amounting to 1,00,000/- was charged on Fixed Assets ation. You are required to prepare
Q7 Company provides the year of working capital
- (1) Estimates - 30,000 Units Raw materials are
Q3 Processing Finished goods are in 8
- (5) Credit allowed by suppliers- 6 wee
- (6) Credit allowed to customers- 8 wee
- (7) Lagin payment of labour- 4 weeks
- (8) Lag in payment of wee has production and sales evenly spread during the year,
- (11) The company works for 50 weeks in a year
- (12) Calculate debtors on sales
Q8 Tushar Ltd. is considering two proposals for investment of 50.00 lakh each on deve of a new product which are expected to generate net cash inflows for 8 years as The expected rate of return is @ 15% p.a. You are required to advice the company using NPV method which proposal they Note : Following is the Table showing Present Value factors
Q9 Write short notes on any four of the
- (b) MIS and Computer

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