Bachelor Of Management Studies (BMS) SEM III ATKT Feb 2017 ATKT MANAGEMENT ACCOUNTING OLD Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Solve any two out of three (7.5 Marks each) 15 marks
   • 1) The following is the balance sheet of ABC Ltd. as on March 2014. You are required to present J it in vertical form Reserves and Surplus 150000 | Land and Building 150000 10% mortgage Debentures 215000 | Plant and Machinery 200000 Provision for Tax 35000 | Sundry Debtors 240000 Cash in Hand 5000 Cash at Bank 10000
   • 2) Rearrange the balance sheet in a vertical form and calculate the trend percentage Equity Share Capital 20 22 | 24 | Land and Building 8 8 7 12% Pref. Share | 2 1 | Plant and Machinery 28 25 22 Capital 15 18 24 | Furniture and Fixtures 5 6 5 Reserve and Surplus 12 10 5 | Current Assets 20 23 32 Calculate Trend % to full integer (without decimal points — figures to be rounded)
   • 3) Following financial statement of Jay Ltd. is given to you. Rearrange it in vertical form Trading and Profit &Loss A/c for the year ended 31-03-2015 To Opening Stock 45000 | By Sales 400000 To Purchase less Returns 220000 | By Closing Stock 95000 To wages 100000 | By Non-Operating Income 12000 To Office Rent 17000 To Non-Operating Expenses 2000 To Transport on Sale 4000 To Net Profit 70000
2. Q2 Solve any two out of three (7.5 Marks each) 15 marks
   • 1) Explain Traditional and Functional Classification of Ratio
   • 2) From the following Balance Sheet calculate the following Ratio
   • a) Current Ratio
   • b) Quick Ratio
   • c) Stock to working Capital Ratio
   • d) Proprietary Ratio Balance Sheet as at March 2014 Creditors 20000 | Cash and Bank balance 10000
   • 3) Following is the Trading and Profit and Loss Account of Jaggu Ltd. For the year ending Trading and Profit & Loss Account To Opening Stock 72500 | By Sales 37500 To Purchases 305000 | By Closing Stock 77501 To Gross Profit 75000 To Sundry Expenses 40000 | By Gross Profit B/d 7500( To Net Profit 35000 Arrange in vertical statement format and Calculate:
3. Q3 Solve any two out of three (7.5 Marks each) 15 marks
   • 1) Funds Flow Statement and Cash Flow Statement are similar but not same, explain
   • 2) Explain Cash flow from Financing Activity
   • 3) The balance Sheet of Shekhar Ltd. Is as follows: Balance Sheet as on March General Reserves -- 30000 | Land and Building 80000 90000 Profit and Loss A/c -- | 29000 Plant and Machinery 40000 | 100000 Provision for Tax -- 25000 | Prepaid Expenses 6000 4000 Profit and Loss A/c 6000
   • a) During the year 2012 the depreciation of Rs. 8000 and Rs. 10000 have been charged on land and Building and Plant and Machinery respectively
   • b) An interim dividend of Rs. 7500 was paid during the year 2012
   • c) During the year 2012 Machinery having a book value of Rs. 8000 was sold for Rs. 7000 Calculate cash flow from Operating Activity for the year ended March 2012 as per AS-3
4. Q4 Solve any two out of three (7.5 Marks each) 15 marks
   • 1) Explain any five factors affecting Working Capital.
   • 2) The selling price of a product is Rs. 20/- each and its break up is: General overheads 10%, Selling and Distribution cost 10%, Profit @10% A company produces 3,60,000 units of a product in a year and a following details for the year are given for consideration:
   • a) Raw Material remain in stock for 3 months, and the supplies of raw material extends 2
   • b) The work in progress is to be valued @ 50% of the total direct cost of one months The customers are given three months credit “dy The wages are paid after the end of the month
   • e) 40% of the total sales are for the cash and balance on credit
   • f) There is no opening and closing stock of finished goods
   • g) Cash and bank balance is carried ta the extent of 50% of a monthly profit on an average You are required to compute Working Capital Requirement of the business
   • 3) From the following information calculate:
   • b) P/V Ratio
   • c) Profit
   • d) Profit at 75% capacity
   • e) Profit at 100% capacity ll. Direct Materials 30% of sales lll. Direct labor 20% on sales Overheads (factory) 10% on sales V. Variable Overheads (Administration) 15% of sales Following are the trading and Profit and loss statement of Shah Ltd. For the year ended March And a balance sheet as on that date: To Opening Stock 1550 By Sales 7500 To Purchases 6100 By Closing Stock 1650 To Gross Profit 1500 To Administrative Exp. S00 By Gross Profit 1500 To Selling & Distribution Exp. 200 To Net Profit 700 Balance Sheet as at 31-03-14 1200 Equity share of Rs. 50 each 6000 Fixed Assets 5500 Add: Profit for the year 700 1200 Stock 1650 Arrange the given data in vertical form (5 marks) Calculate ratios: (2 marks each)
   • b) Creditors Turnover Ratio, take all purchases as credit purchase
   • c) Return on Capital Employed
   • e) Current Ratio

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