Bachelor of Commerce (B.Com.) SY BCom Sem 3 BCom Sem 3 (2019 2020) Oct 2019 MANAGEMENT ACCOUNTING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 [A] Select the most appropriate answer ( any ten) 10 marks
2. Q1 Goodwill is an asset
   • a] Fictitious b] Intangible
   • c] Tangible d] Current
3. Q2 In common size Income statement Analysis is assumed to be hundred
   • c] Operating profit d] None of the above
4. Q3 Operating Cost Ratio is a
   • c] Composite Ratio d] None of the above 4}Profit on sale of Fixed Assets is shown in vertical statement under ,
5. Q6 Total cash outflow is = 85,000 and present value of total cash inflow is = 75,000. The net present valt provides information about financial position of the company
   • c] Balance sheet dj None of the above
6. Q8 are the techniques of Capital Budgeting
   • a] Payback period b] Accounting rate of return
   • c] Net Present Value All of the above
7. Q9 Current Assets are 1,80,000, Current Liabilities = 90,000 . The amount of working capital budgeting is the process of making investment decisions for Deferred Revenue Expenditure d] None of the above 11 interest dividend bearing funds do not include 12]One of the following is not liquid asset
8. Q1 [B] State whether the following Statement are True or False [ any ten] Budgeting decisions are long term investment decisions, 10 marks
9. Q2 Payback Method isa technique of Capital Budgeting 3]There is a time element involved in Capital Budgeting. 4
10. Q4 Depreciation is non-cash expenditure 5]Net profit Ratio is a measure of Profitability,
11. Q6 Goodwill is shown under “Application of funds” in the vertical Balance sheet Current Ratio is 2:] & loss Account shows financial position of an organization
12. Q10 The amount of working capital Over and above the Permanent Working capital is temporary
13. Q11 In trend analysis statement latest year is taken as base year
14. Q12 In Preparing the estimate of Working Capital, Debtors cannot be valued at cost
15. Q2 A] Complete the following Comparative Income statement of Surya Ltd. By ascertaining the Cost of goods sold 1,80,000 1,20,000 From the following details of Bina Ltd. Prepare Common size’ Statement in vertical form le for analysis. [10] Balance sheet as on 31“ Provision for Tax 45,000 | Debtors 80,000
16. Q2 Tata Ltd. Furnishes their position as on December,2015,2016,2017 as under : {20] Prepare vertical Trend Balance sheet for analysis
17. Q3 Aj Following is the Balance sheet of Sun Itd. As at March,2018 Bank overdraft 20,000 | Cash at Bank 38,000 Provision for tax 18,000 | Profit & Loss a/c 14,000 Sales for the year 7,00,000; Gross profit rate -25% and opening stock is 1,09,000. Profit Before Tax for the year ending 31-03-2018 is You are required to compute the following ratios 20 marks
18. Q4 Stock to working capital Ratio — 5] Capital Gearing ratio 6] Proprietary ratio
19. Q7 Return on Capital Employed Ratio 8] Debt Equity Ratio
20. Q3 B] From the following information given by Queen Ltd. Prepare an estimate of working capité
21. Q1 Estimated level of activity — 1,04,000 units for the year weeks]
22. Q2 Cost of Raw materials per unit - 5 marks
23. Q3 Cost of Labour per unit -40% of raw materials
24. Q4 Cost of Overheads per unit — 50% of the Labour cost
25. Q5 Profit per unit is 200% of Overheads
26. Q6 Stock of Raw materials
27. Q8 Stock of Finished Goods — 4 weeks
28. Q9 Credit to the Debtors — 6 weeks
29. Q10 Credit by the creditors — 4 weeks :
30. Q11 Time lag in payment of wages — 4 weeks
31. Q12 Time lag in payment of Overheads -2 weeks
32. Q13 Cash and Bank balance required
33. Q14 Debtors are calculated on sales Basis
34. Q15 Purchase against cash- 20%
35. Q16 Margin of safety @10%
36. Q17 All the activities are spread evenly throughout the year
37. Q4 [A] Naman Itd. Is considering to purchase of a machine . Two machines LPX machine and GPX machine are available ,each costing In comparing profitability of machines,a discounted rate of 10% is to be considered. [20] Expected profits after tax and before depreciation are as follows: Indicate which machine would be more profitable under following methods : The net present value of 1 @10% discounting factor is as follows :
38. Q4 [B] The cost of machinery A is Rs. 10,00,000 and cost of Machinery B is Rs. 20,00,000 Depreciation has been applied on Line method with no salvage [20] Depreciation and -Tax Depreciation and Tax of Machine A in Rs. Machine B in Rs sing Average Rate of Return method analyse which machine should be accepted sing Payback period method which machine should be accepted Using payback profitability method which machine should be accepted As Answer the following [20] Difference between Management Accounting and Financial accounting
    • B] Explain Balance sheet Ratios
39. Q5 Short Note [ any Four] 20 marks
    • B] Techniques of Capital budgeting
    • D] Functions of Management accounting
    • E] Classification of assets Limitations of Ratio Analysis

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