B.Com. (Financial Management) SEM III 2023 2024 2024 MANAGEMENT ACCOUNTING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 is hot a quick asset
2. Q2 Current ratio is
   • (c) Composite ratio (d) None of above
3. Q4 Following ratio is useful for long term creditors
   • (a) Debt equity ratio return on equity capital
4. Q5 Strategic information is required for
   • (a) Day to Day Meet government requirements
   • (c) Long range planning: , (d) Short range planning
5. Q6 Standard current
6. Q8 Interest received on investment will be shown in
   • (c) Financing cash flow (d) Cash or Cash equivalent
7. Q9 Information must be ; it must be correct
   • (a) Relevant (b) Economical
   • (b) Timely (d) Accurate 10, Payment of dividend will be shown in the
   • (c) Financing cash flow (d) Cash or Cash equivalent
   • (B) State whether the following are true or False: (7 out of 10) 7
8. Q1 Ina vertical balance sheet, fictitious assets are included under fixed assets
9. Q2 For an oil company, stock assets are included under fixed assets
10. Q3 Owed fund is an internal source of finance
11. Q4 Gross working capital is the sum of the total fixed assets
12. Q5 Permeant working capital is the same as fixed capital
13. Q6 Loans given to other is a investment activity VCD/ /SYMFG SEM III MANAGEMENT ACCOUNTING 2 % HRS 75 MARKS
14. Q7 Tax refunded is a non-operating cash flow
15. Q10 Higher proprietary ratio indicates low risk for the creditors
16. Q2 (A) The following information is presented by raj and sons Ltd. For the year
17. Q1 The company extend two months credit to the customers
18. Q2 The company maintain one month’s stock of raw materials
19. Q3 The company maintains to month’s stock of finished goods. 3 marks
20. Q4 The processing period a month
21. Q5 The company is allowed on month’s credit by supplier
22. Q6 Wages and overheads are paid one month in arrears
23. Q7 The cash balance is expected to be Rs
24. Q8 There is regular purchase, production and sales cycle
25. Q10 Debtors are to be calculated on sale price basis Prepare as estimate of working capital
26. Q2 (B) The following are the particular of Amit & company for the year 2020-21. calculate the working capital estimated for an annual sale of 78,000 units. (15)
27. Q2 Production and sales take place evenly throughout the year
28. Q3 Raw material is on eight-week
29. Q4 Raw material remains stock for eight weeks
30. Q5 Processing period is of two weeks, where in raw material, wages and
31. Q6 Finished goods remain in stock for ten weeks,
32. Q8 Time lag in payment of ages is four weeks VCD/ /SYMFG SEM MANAGEMENT ACCOUNTING 2 % HRS 75 MARKS
33. Q9 Time lag in payment of overheads is two weeks
34. Q10 Cash and bank balance is maintained at Rs 1,05,000
35. Q11 Calculated debtors on sale
36. Q3 (A) Ms anuran Itd carrying on business their position as on as on 31* march 2018 2019 Balance sheet as on 31 march Prepare trend balance sheet in vertical form
    • (B) Following are the balance sheets of Nilima Itd as on 31* march 2020 and 2021. Balance sheet as on March : Prepare a comparative Balance sheet from the above in vertical form 15
37. Q4 (A) Following are the summary balance sheets of young india Profit and loss A/c 1,70,000 | 2,80,000 | Stock 1,50,000 | 2,50,000 issued for purchase of fixed assets Underwriting 70,.000 | NIL VCD/ /SYMFG SEM III MANAGEMENT ACCOUNTING 2 % HRS 75 MARKS Assuming the depreciation for the year to be Rs 50,000 and interim dividend paid during the year to be 5 % on opening capital, prepare cash flow statement
    • (B) From the below information you are required to calculate the following ratios. 15
38. Q1 Current
39. Q4 Proprietary ratio
40. Q5 (A) Distinguished between financial accounting management accounting. 8 marks
    • (B) explain function of management 7
41. Q5 Write short notes on: (3 out of 5) 15 marks
    • a) Working capital
    • b) Trend analysis Limitation of ratio ;
    • d) Cash flow from investing activities
    • e) Current ratio

Read from the scan above, so a character or two may differ. The scan is the original.