B.Com. (Financial Management) SEM III 2017 2018 March 2018 S.Y.FIN. MGT. SEM III BASE) MGT. ACC. 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 ) 8 marks
   • 2. is current liability
   • 3. is used to judge the solvency of the firms
   • 4. Buying and Selling of Machinery is
   • 5. Standard Current Ratio is
   • 8. In cash flow statement depreciation is
   • a. Deducted from Book Profits. by book Profits Added to Book Profits
   • 9. Inventory Turnover = Average Stock
   • a. Cost of Goods Sold Gross Profit c. Purchase return
   • 10. 1s Owner fund
2. Q1 B: state wheather given statement is True or False (Any 07) 7 marks
   • 1. Sale of Building is Investing 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. Non-Current Investments are classified as trade investments and other
   • 5. Fixed deposit is unsecured loan
   • 7. Purchase of furniture is operating activities
   • 8. Liquidity ratios is not a part of financial ratios
   • 9. Earning per share is composite ratio
   • 10. Dividend paid is financing Activity
3. Q2 From the following particulars relating to A Prepare Comparative Income Statement: Cost of Goods Sold 47600 49200
4. Q2 From the following data calculate the trend percentages: Cost of Goods sold 300000 500000 600000 15 marks
5. Q3 The condensed Balance Sheet of ABN Ltd as on September 2017 is as follows: Cash and Bank Balances 10000 The profit for the year was Rs.7500 Convert the above balance sheet into vertical indicate the soundness of the financial position of the company by calculating the following ratios with comments on the same:
   • a. Current liquid ratio c. Proprietary Ratio Return on Capital
   • e. Return on Proprietors Fund f. Return on Equity capital Debt Service Ratio
6. Q3 The Summarized final Accounts of two companies are as follows: Balance Sheet as on March 2017 Revenue statement for the year ended 31“ March 2017 Cost of Sales 237600 198000 15 marks
   • Q.P.Code: 23256 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
7. Q4 AB Ltd furnishes the following details and request you to ascertain the estimated requirements of working capital: (15 marks) The sales are estimated at Rs.3380000 from sales of 65000 units The cost structure is as follows:
   • a. Material remains in store for 7 weeks, WIP. weeks and Finished Goods for 4
   • b. 20 percent of sales and 10 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 Overheads expenses are with one month time lap
   • g. Cash balance is Rs.15000
   • 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: (15 marks) Profit and loss A/C 50000 80000 Goodwill 50000 40000
   • Q.P. Code: 23256
9. Q5 Write Short Note on :( Any 03)
   • a. Work —in —Progress
   • b. Owners Fund
   • c. Current Ratio
   • d. Working Capital
   • e. Operating Activities

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