B.Com In Banking & Insurance (BCBI) Sem V 2019 20 Nov 2019-20 FINANCIAL REPORTING ANALYSIS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Q.2 to Q.5 are compulsory with internal choice
2. Q3 Figures to the right indicate full marks 4, Workings should form a part of your answer
3. Q5 Use of simple calculator is allowed State Whether True or False. (any 8) | (08) 1, Balances with RBI are shown in the final accounts of Bank in Schedule
4. Q2 Surplus on revaluation in banking should be treated A loss asset would be one, which has remained NPA for a period less than or to 12
5. Q4 Claim outstanding is shown under balance sheet ofan insurance company under
6. Q5 received in-advance is shown under balance sheet of an insurance under current liabilities,
7. Q6 CARO is not applicable to Banking Company
8. Q8 Short due for more than
9. Q9 Cash deposited: into bank increase cash inflow:
10. Q10 Whistle blower can be an employee
11. Q1 b. Match the cohimn. (Any 7 marks
    • (b) Operating activities
    • (c) Financing
    • (d) Investing activities
    • (e) Opened by Businessmen
    • (i) Not forthe first
12. Q4 From the following information, find out the amount of provision required to be made in the! profit and loss account for the ABC Bank year ended 31-3-18 Rebate on bill discounted From the Following rebate of Bills Discount as 3.2017 and dive Period of of grace) | Rate of Discount the following balances, prepare Profit and Loss Account of Shyam Bank Ltd. forthe (15) 12,95,000 | Rent and Taxes 190,000 Interest on Overdraft “Rebate on Bills Discounted Directors Fees Establishment arges 2,70,000 | Interest on Saving Bank 7,30,000 | Postage and Telegrams Bad debts to be written off amounted to Rs. 2,00,000. Provision for may be at 50% of net profits. Transfer to statutory reserve to be @25% 7 marks
13. Q3 Incurance Company submits the following information for the year The Following additional information is also available: Experises of Rs. 17,500 Surveyor’s fees and Rs. 22,500 legal expenses for settlement of claims
14. Q2 for unexpired risk is to be maintained @ 40%. The balance of reserve for unexpired risk as-on 01.4.17 was Rs.12,25,000 required to prepare the Revenue Account for the year ended 31% March, 2018 OS Page 3 of 6
15. Q3 From the following information as on March 2018, prepare the Revenue Account of Shiv Insurance Co. Ltd in respect of fire and marine insurance business The following points are to be consider:
    • a. Expenses of management due on March , Rs. 30,000 and Rs.15,000 for fire and Marine Insurance
    • b. Reserve for unexpired risk is to-be maintained at 50% and 100% respectively fo fire and Marine Insurance Premium as on March; 20 Hs. 90,000.and Rs, 60,000 respectively for fire and Marine Insurance
    • d. Claim outstanding on 2018 were Rs. 30,000 and Rs. 45.000 respectively for fire and Marine Insurance. 3
16. Q4 Following are the balances sheet of M/s Kesav Ltd. as on 31.3.17 and 31.3.16 were Equity Share Capital | Land and 8% Preference Share 2,00,000 1,70,000 | Plant and 80,000 Provision for Tax
    • a. Issue of shares, debentures and assets were made on Ist April, 2017
    • b. Depreciation @10% p.a. was on land building and
    • c. Plant & Machinery and motor vehicles; both were depreciated by
    • d. Income tax paid and proposed dividend during the year were Rs.69,000 and Prepare Cash flow statement AS- 3 (Use Indirect Method),
17. Q4 The following is the Trial Balance of Ltd as on You are required to prepare Balance sheet as on 31.03.20170 Profit and Loss account - 1 15 marks
18. Q1 Sundry Debtors which are all unsecured and considered good; include Rs. 5,40,00 due for more than six month,
19. Q2 Investment represent 15 ,000 equity Share in ZEN Ltd of Rs called and paid
20. Q3 Bills with the bank, till the Balance Sheet What are the benefits of Code of ! (08)
    • b. is Share Payment? is the of Ind'AS 102? 07) Short note (any 3) Scope of Ind Money at short notice
21. Q5 Exceptional.and Extra ordinary items

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