B.Com In Banking & Insurance (BCBI) Sem III 2018 2019 Oct 2019 S.Y.BBI SEM III (CHOICE BASE) MGT.ACC Question Paper - Mumbai University | munotes

Questions asked in this paper

• Figures to the right indicate marks. All Questions are compulsory

1. Q1 Match the Columns (any 8) 8 marks
   • 3. Finished goods - Reduction in par value of share
   • 5. ROI - Valuation of shares
   • 7. Large Working capital - Cost of production
   • 8. CAPM - Rosy picture of financial statements
   • 10. Historic data Spreading cost of fixed assets
2. Q1 (b) State whether the following statements are true or false. (Any 7) 7 marks
   • 1. Budget contains the plan of management
   • 2. Information is data that has been processed in some way
   • 3. Current ratio includes stock and prepaid expenses
   • 5. Capital gearing ratio compares owned funds and borrowed funds
   • 6. Bonus shares are issued to equity share holders and preference share holders
   • 7. Acid test ratio represents quick ability of company to meet urgent monetary needs
   • 8. When capital employed is low in relation to its turnover it is called as Under
   • 9. Stock velocity represents the capability of a company to convert its average stock into
   • 10. Fluctuating working capital is determined on the basis of activity at a particular period
3. Q2 A) From the following information of Tisco Company ltd, prepare an estimated working Raw material per Unit is Rs. 550 and Direct labour is Rs. 12,00,000 for a month Overall annual Overheads amount to Rs. 1,26,00,000. The company has a policy of calculating profit @ 20%on Selling price. Raw materials are maintained for 2 months Company processes the products for month. Final Goods are kept for 1.5 months by the Credit Allowed to 50 % customers are on the basis of Acceptance of bills and remaining customers are given | month’s credit 25% of overheads are paid one month in advance and balance is paid after a month Payment of wages is delayed by month Out of total Suppliers 20% are paid in cash and rest provide 1.5 month’s credit Cash Requirement is 15% of net working capital
4. Q2 B) From the following information of Baleno Itd, estimate a working capital requirement for the year ending 31*t March, 2017. (15) The company produced 120 Speed Cars annually It requires Steel Body of about 1000 kgs per car at Rs. 70 per kg It needs 20 Kgs of Spare parts per car at Rs. 60 per Kg The car has an Engine costing Rs. 20,000 Labour work for 50 Hours at Rs. 100 per hour Overheads for the company are Rs. 20,000 Steel Body remains in stock for 2 months, Spare parts are kept for half month and Engine remains in stock for | month Suppliers of Steel provide credit of 2 months, Suppliers of Spare parts allow us credit for 1 month and Engine is bought at credit for Half month Production process is for half month. Time lag in payment of Wages and overheads is 1 Finished goods remain in stock for 1 month
5. Q3 A. From the following particulars prepare a vertical Income statement and considering other information, calculate following ratios. (a)ROI (b) Operating profit Ratio. (c) Stock Turnover ratio. (d) Return on Proprietor’s fund (e) Selling Expenses ratio. (15)
6. Q3 B. From the following particulars prepare a vertical Balance sheet and income statement and also calculate the following ratios. (a) Debtors Turnover ratio (b) Stock to working capital ratio. (c) Liquid ratio. (d) Return on capital employed (e) Capital gearing ratio Equity Share capital 2,00,000 Reserves and Surplus 43,000 Interest paid on 12,000 Income tax paid 35,000 Following is the information of Starone Co. Ltd. (08) Internal rate of 10 % Cost of Capital = 10% Calculate the value (market price) of the shares using Walter model when dividend payout is Following is the balance sheet of Moon Ltd as March 2018 (07) 4000 Equity shares of Rs. 6,40,000 Fixed Assets 6,00,000 Convert the party paid up shares as fully paid up. For this purpose, P/L can be utilized for an extent of Rs. 1,00,000 and rest can be generated through Capital Reserve. Pass the required
7. Q4 C. Being a Company Secretary you are asked to calculate the revised number of shares and Share capital in for following companies using the information below - (08) Sr.no Company Existing Total Bonus Ratio Stock Split Note — Stock split was initiated after bonus issue
8. Q4 D. Calculate Dividend Payout Ratio from the following data Provision for Tax (25% of Net Profit) No of equity shares 5000 The Company also had 10% Preference Share Capital of Rs 250000. (FV Rs 100 each) 7 marks
9. Q5 (A) Explain SEBI Guidelines for issuance of bonus shares 8 marks
10. Q5 (B) Explain functions of treasurer. 7 marks
11. Q5 Write short notes on any 3 out of 5. 15 marks
    • 1. Controller Parties interested in Financial Statements of the company
    • 3. Solvency ratio
    • 4. Operating Cycle
    • 5. M&M approach

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