BCom TY BCom Sem 6 BCom Sem 6 (2017 2018) April 2018 T.Y. B.COM SEM VI (CBSGS)(60 40) MGT.ACC Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q2 Working notes should form part of your answer
2. Q3 Proper presentation and neatness is essential
3. Q4 Use of simple calculator is allowed
4. Q1 Dinesh Ltd. desires to estimate working capital requirement for 2018-19 when expected annual output is 2,60,000 units The Sales Price is 200 per unit. The proportion of cost of material — 40%, wages — 20%, overheads — 20% and profit margin — 20%. The other data : 15 marks
5. Q1 Stock holding of materials and finished goods is kept equal to two weeks’ requirement
6. Q2 Processing time is one week
7. Q3 Time lag in payment of wages and overheads is two weeks each
8. Q4 Credit period allowed to customers and enjoyed from suppliers is two weeks
9. Q5 Cash transactions are 20% for sales and 40% for purchases
10. Q6 Cash and bank balance requirement is 25,000
11. Q7 Contingency provision to be maintained @10% of net working capital
12. Q8 Production and sales are evenly spread throughout the year
13. Q9 Debtors are to be valued at selling price
14. Q10 Assume 52 weeks in a year You are required to estimate the working capital requirement
15. Q1 Jayesh requested for a statement showing the working capital required to finance of activity of 4,50,000 units output for the year. The cost structure for the company’s product for the said activity level is as follows : 15 marks
16. Q1 Past trend indicates that raw materials are held in stock on an average for three months
17. Q2 Work-in-progress will approximate to half a month’s production
18. Q3 Finished goods remain in warehouse on an average for two months
19. Q4 Suppliers of materials extend one month’s credit
    • Q.P. Code : 32481
20. Q5 Two month’s credit normally allowed to debtors
21. Q6 A minimum cash balance of Rs. 50,000 is expected to be maintained
22. Q7 Wages and overheads are outstanding for a month
23. Q8 The production pattern is assumed to be even during the year
24. Q9 Debtors are to be valued at selling price Prepare the statement of working capital requirement
25. Q2 Following are summarized Balance Sheets of Gauresh on March, 2017 and 2018 Balance Sheets as on March,
    • a) Depreciation charged during the year ended 31* March, 2018 was 40,000 on Furniture, 1,20,000 on Machinery and on Land & Buildings
    • b) Part of Machinery was sold for 1,50,000 at a loss of 40,000, during the year ended 31“ March, 2018
    • c) During the year ended 31“ March, 2018 dividend was paid Rs. 1,00,000 and Income Tax You are required to prepare Cash Flow Statement as per AS-3 (Use indirect method)
26. Q2 Following are the summarized Balance Sheets of Jignesh Ltd. Balance Sheets as on March, 15 marks
    • Q.P. Code : 32481
    • a) Interim dividend of was paid during the year
    • b) Depreciation on premises was provided @ 5%
    • c) Machinery of was acquired during the year ended March, 2018
    • d) Income tax provision for the year was 150,000 You are required to prepare Cash Flow Statement as per AS-3 (Use indirect method)
27. Q3 Kitu Ltd. is considering the following investing plan for the project. Net present value of Rs. 1 @ 10% discounting factors is as follows : From the above information calculate the following : 15 marks
28. Q3 Profitability Index
29. Q3 Aditi Ltd. is considering purchase a machine of which two brands are available in the market.GPX machine costing and NPX machine costing 3,00,000 In comparing profitability of machine a discounted rate of 10% is to be considered. Expected profit after tax and before depreciation are as follows : Indicate which machine would be more profitable under following methods : 15 marks
    • Q.P. Code : 32481
30. Q4 (A) Rewrite the complete sentence and state whether it is true or false : 8 marks
31. Q1 Cash flow statement is prepared as per AS-11
32. Q2 Refund of Income Tax is a cash flow from financing activities
33. Q3 Working capital is excess of current asset over fixed assets
34. Q4 Purchase of machinery is an operating activity
35. Q5 Income earned from activities other than normal business is non-operating income
36. Q6 In pay back period method, the annual cash inflow means net profit after tax plus
37. Q7 Profit on sale of fixed assets in operating activities
38. Q8 Increase in bills payable results in decrease in operating profit
    • (B) Match the following items in Column ‘A’ with most appropriate item in Column and 07
39. Q2 Sale of Investment b) Cash inflow of operating activity
40. Q3 Subsidy from Government c) Result in increase in working capital
41. Q4 Interest on loan d) Qualitative concept
42. Q6 Increase in creditors in cash flow f) Investing activities
43. Q7 Advance paid to suppliers g) Seasonal working capital
44. Q4 Write short notes on the following (any three) : 15 marks
45. Q1 Cash flow from financing activities
46. Q3 Profitability index
47. Q4 Margin of safety
48. Q5 Salvage value
    • Q.P. Code : 32481 fer. SAT Al AT
49. Q3 a sad Stet
50. Q20 ANd Bled AT
    • Q.P. Code : 32481
51. Q2 fe. 328 A, fect
    • Q.P. Code : 32481
52. Q3 fa
    • Q.P. Code : 32481
53. Q3 TH
    • (3) ‘a ‘a’ ara
54. Q2 a) Ce Ware
55. Q2 Gad

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