Bachelor Of Management Studies (BMS) SEM III ATKT Feb 2017 ATKT ACCOUNTING FOR MANAGERIAL DECISION NEW Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 All questions carry equal marks 3.Figure to right indicates full mark
2. Q4 Use of simple calculator is allowed
   • Q. any two ( 7.5 marks each) 15 and Loss Account for the year ended Mar 2001. Convert them into vertical form To opening Stock 76,250 | By Sales 602,350 To Purchase 315,250 | Less: Returns 10,000 592,350 To Freight and Carriage 7,000 | By Closing Stock 98,500 To Staff Salaries 20,000 | By Interest on Bonds 1,500 To Sales Salaries 15,300 | By Dividends on Shares 3,750 To Interest on Debentures 1,200 | By Profit on Sales of Shares 3,900 To Printing and stationary 2,500 To Sales discount 2,400 To Salesman’s Traveling Expenses 2,000 To Bad Debts 3,400 To Telephone Expenses ‘ 750 To Legal Charges 6,400 To Directors Fees 48,000 To Loss on Sale of Bonds 3,500 To Provision for Claim for Damages 1,650 To Net Profit 1,76,350 Following are ircomplete Comparative income statement for the year ended 3 ith March You are required to complete it Rs.(in Trend Less: Cost of goods sold 560 ? 100 110
   • C.From the following financial statement of AB Ltd
3. Q2 Answer any two(7.5 marks each) I
   • a) From the following balance sheet of shree limited Balance sheet as on 31* march 2015 You are required to following ratios
4. Q1 Current ratio 2) debt equity ratio 3) quick ratio 4) stock to working capital ratio f b. Following is the revenue statement for the year ended 31" March 2015 Less:- Cost of Sales 1,98,000 You are required to calculate the following )Gross profit ratio2)Operating profit ratio
   • C.Explain Limitations of Ratio Analysis
5. Q3 Answer any two ( 7.5 marks each) 15 marks
   • a. From the following Balance Sheet of Vinayak Ltd. prepare Cash Flow Statement
6. Q2 Depreciation on Fixed Asset Rs.50,000
7. Q3 Underwriting Commission was written off
   • b. From the following financial statement prepare Cash Flow Statement 2.Depreciation on Building Rs.15000/
   • c. Explain Cash flow from investing activity & financing activity
8. Q4 Answer any two (7.5msrks each) ‘ Following information has been extracted from the records of Company
9. Q1 Raw materials are in stock on an average for two months
10. Q2 Materials are in process on average for 4 weeks. The degree of completion is 50%,
11. Q3 Finished goods are in stock on average for one month
12. Q4 Credit allowed by supplier is one month
13. Q5 Credit allowed to Debtors is two months,
14. Q6 Time lag in payments of wages&overheads is 1% week
15. Q7 20% of the output is sold against Cash
16. Q8 The company expects to keep balance of Rs.1,00,000 10, The company is poised for manufacture of 1,44,000 units in the year, You are required to prepare a statement showing working capital requirements of the compa
    • b.A company has an annual turnover of Rs50 lakh and an average collection period of 30 days . Th company wants to experiment with 3 more liberal credit policy on the that increase in per will generate additional sales From the following information,kindly indicate which policy the company should adopt: Cost : Variable Cost: 80% of sales Required (pre-tax) return on investment: 20% A year may be taken to comprise of 360 days
    • c. Explain nature & types of working capital
17. Q5 Answer the following Comment on the position of D Ltd. From the followingBalance Sheet as on Profit & Loss A/C for the year ended To Opening Stock 44,000 | 40,000 By Sales 2,10,000 | 2,00,000 To Purchases | 84,000 72,000 By Closing Stock 46,000 44.000 To Factory Exp 32,000 | 28,000 To Administrative Exp | 8,000 6,000 To Selling Exp 6,000 10,000 To Salary to staff 2,000 2,000 To Income Tax 22,000 | 24,000 To Transfer to Reserve | 2,000 2,000 To Proposed Dividend | 6,000 8,000 You are required to convert into vertical form & calculate following Ratio & comment on it 15 marks
18. Q4 Stock to Working Capital Ratio 8.Net Profit Ratio

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