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BCom TY BCom Sem 5 BCom Sem 5 (2016 2017) 2017 TY BCOM MGMT ACC Question Paper - Mumbai University | munotes

BCom Sem 5 (2016 2017) Question Paper.pdf
TY BCOM · 1 May 2025

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Questions asked in this paper

  • (6) Figures to the right indicate full marks
  1. Q2 Sanjana Ltd. furnishes the following information for the year ended Annual sales for the year Rs. 25,00,000 Level of activities 1,00,000 units During the year /, expected 15 marks
    • (a) The activities wil! increase by 20%
    • (b) The cost per unii of
    • (i) Raw materials wil] increase by 20%
    • (ii) Direct wages will increase by 25%
    • (iii) Overheads wil] decrease by 20%
    • (iv) Selling price wil] increase by 20% Following further information is available — The raw materials ordinarily remain in stores for 3 months before
    • (2) Every unit of production remains in the process for 2 months
    • (3) Finished goods remain in warehouse for 2 months,
    • (4) Credit allowed by the creditors is 3 months from the date of the delivery of raw material
    • (5) Credit given to customers is 3 months from the date of dispatch
    • (6) Cash at Bank balance is expected to be Rs, 73,000
    • (7) Time lag in payment of wages is one month
    • (8) Time lag in payment of overheads is half month
    • (9) 20% of the purchases and 25% of sales will be on cash basis
    • (10) Sundry Debtors are valued at selling price
    • (11) There is regular production and sales cycle
    • (12) You are required to make provision of 10% for contingency on
    • (13) During the processing wages & overheads accrue evenly Estimate working capital requirements for the year ended March
  2. Q2 (A) Complete the following Balance Sheets of Sundar Ltd. by ascertaining the missing figures and prepare in vertical form 8 marks
    • (B) Complete the following common size revenue statement of Mrunal Ltd. 7 for the year ended March 2016 Cost of goods sold 6,00,000 ? Gross Profit (25% on sale) ? Income Tax (40% on NPBT) ?
  3. Q3 Arvind Ltd., furnishes you their Balance Sheet as on 315" March, 2016 with Balance Sheet as at March, 2016 15 marks
    • (P.Y. Rs,1,65,000) 2,00,000 | Cash and Bank Balance 1,80,000 Bank Overdraft 55,000 | Expenses paid in Advance 15,000 Provision for Income Tax | 1,50,000 | Advance Income Tax 1,20,000
    • (a) Sales for the Year: Cash Sales Rs. 16,00,000 and Credit Sales Rs From the above information you are required to calculate the following and offer your comments on Debt Equity Ratio
    • (i) Operating Ratio
    • (iii) Retum on Proprietors' Fund
    • (vi) Credit period allowed by Suppliers
    • (vii) Credit period allowed to Customers Note : Vertical statement not expected
  4. Q3 Following are the Balance Sheets of Honesty Enterprises Ltd., as at 315" As on As on AS on As on Profit and Loss A/c 2,50,000 | Prepaid Expenses 20,000 50,000 Provision for depreciation 3,50,000 | Advance Income Tax 1,30,000 Proposed dividend 2,40,000 | Profit and Loss A/c 75,000 Provision for Taxation
  5. Q1 Half of 10% Preference Shares were converted into Equity Shares
  6. Q2 12% Debentures were redeemed on 31.03.2016
  7. Q3 Preference Dividend and Debenture interest are paid on
  8. Q4 Last Year's Equity Dividend is paid on 31.12.2015,
  9. Q5 Additional Equity Shares were issued on 01.04.2015
  10. Q6 Fixed Assets costing Rs.1,40,000 on which depreciation provided Rs.70,000, were sold for Rs. 80,000 ‘7, Investments of Rs. 40,000 were sold for Rs.25,000
  11. Q8 Income Tax paid during the year was Rs. 1,20,000 Prepare Cash Flow Statement by Indirect Method as per AS-3 4, Following balances as on 31% March, 2016 are extracted from the books 15 Cash on Hand | | Expenses Payable
    • (i) Closing Stock on 318' March, 2016 was Rs. 90,000 You are required to prepare Vertical Income Statement for the year ended 31st March, 2016 and Vertical Balance Sheet as on that date for 4, Complete the following Trend Analysis of Balance Sheets for three years 15 Balance Sheets as at 31.03 Particulars Amount (in Rupees) Trend Percentage % Sources of Funds : 2014 2016 2016 Ap of Funds: Total Application of Funds ? Note: Write the trend percentages in whole numbers (without decimal points)
  12. Q5 (A) Distinguish between Long Term Investments and Short Term 8 marks
    • (B) What are the limitations of Trend Analysis? 7
  13. Q5 Write short notes on (any three) ;- 15 marks
    • (2) Liquid Assets
    • (3) Functions of management accounting
    • (4) Cash flow from financing activities
    • (5) Different types of financial analysis

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