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

Questions asked in this paper

• (2) Figures to the right indicate full marks

1. Q1 a:Fill in the blanks: (Any 08 )
   • 1. Liquid Ratio =
   • 2. is current asset
   • 3. is used to judge the solvency of the firms
   • 4. Buying and Selling of furniture is
   • 5. Standard Current Ratio is
   • 8.In cash flow statement depreciation is
   • a. Deducted from Book b. Multiplied by book Profits Added to Book Profits
   • 9. Debtor Turnover = Average Debtor
   • 10. is Borrowed fund
   • Q.P.Code: 30082
2. Q1 B: state wheather given statement is True or False (Any 07)
   • 1. Sale of Building is financing activities
   • 2. AS-3 Governed the preparation of Cash Flow statement
   • 3. The schedule VI of the companies act 2013, provides that the accounts can be presented in the prescribed format
   • 4. Current Investments are classified as trade investments and other investments
   • 5. Fixed deposit is secured loan
   • 7. Purchase of equipments is operating activities
   • 8. Liquidity ratios is a part of financial ratios
   • 9. Earning per share is not a composite ratio
   • 10. Dividend paid is investing Activity
3. Q2 From the following particulars relating to A Itd. Prepare Comparative Income Statement: Cost of Goods Sold 300000 200000
   • Q.P.Code: 30082
4. Q2 From the following data calculate the trend percentages: Cost of Goods sold 3500000 5800000 1000000
5. Q3 The condensed Balance Sheet of ABN Ltd as on 30" September 2017 is as follows: Cash and Bank Balances 100000 The profit for the year was Rs.75000 Convert the above balance sheet into vertical format and indicate the soundness of the financial position of the company by calculating the following ratios with comments on the
   • a. Current Ratios liquid ratio. Ratio d. Return on Capital
   • e. Return on Proprietors Fund f. Return on Equity capital g. Debt Service Ratio
   • Q.P.Code: 30082
6. Q3 The Summarized final Accounts of two companies are as follows: Balance Sheet as on March 2017 Revenue statement for te year ended March 2017 Cost of Sales 2376000 1980000 From the above calculate following ratios and comment in one sentences the which company is in better position:
   • a. Proprietary Ratio
   • d. Operating Ratio
   • e. Return on Proprietors equity
   • Q.P.Code: 30082
7. Q4 AB Ltd furnishes the following details and request you to ascertain the estimated requirements of working capital: The sales are estimated at Rs.6000000 from sales of 30000 units The cost structure is as follows:
   • a. Material remains in store for 5 weeks, WIP. for 6 weeks and Finished Goods for 4
   • b. 10 percent of sales and 20 percent of purchases are on cash basis
   • c. Out of credit sales: 50 percent is sold to wholesalers on 6 weeks credit and 50 percent to Distributors on 4 weeks credit
   • e. Wages are paid fortnightly
   • f. Overheads expenses are with one month time lap
   • g. Cash balance is Rs.1500000
   • h. Reserve margin to be provided at 5 percent of net working capital
8. Q4 From the following Balance Sheet as on 2015 and December 2016 are required to prepare a Cash Flow Statement: Profit and 500000 800000 | Goodwill 500000 400000
   • Q.P.Code: 30082
9. Q5 Write Short Note on :( Any 03)
   • a. Finished Goods
   • b. Borrowed Fund
   • c. Current Ratio
   • d. Working Capital
   • e. Financing Activities 2k ok ok ok ok ok of ok ok ok ok ok

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