BCom TY BCom Tybcom Others 2014-15 Management Accounting.Year Question Paper - Mumbai University | munotes

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Older exam April 2013 - Auditing And Cost Semester-end · tybcom others → Newer exam 2014-15 - Cost Acc. Auditing .Year Semester-end · tybcom others →

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(6) Figures to the right indicate full marks

Q1 (b) Match the column with most appropriate choice and rewrite ny Seven) Loss due to Barthquake e Capital Gearing Ratio is High
- (2) Return on Net Worth Non-quick Liability
- (3) Trading on Equi e Top Management:
- (5) Strategic Information e Dividend Payout Ratio is Low
- (8) Tax paid on Capital Gain e Current Assets minus Current
- (10) Cash Received from Debtors e Financing Activity is the Trial Balance of Goodluck Ltd. as on 31st March, 2014 (Not yet written off Capital 100) Cost of Production On Land & Building 2,00,000 Return Inward 40 000 On Plant & Machinery 1 00.000 Finished Goods 24 On Furniture
- (1) Closing stock of Finished Goods as on March, 2014 was 1,60,000
- (2) Provide dividend on Equity Shares at 10%
- (3) Make provision for Income Tax of 2,00,000 From the above information you one required to prepare Income Statement for the year ended March, 2014 and Balance Sheet as on that date in vertical form suitable for
Q2 (a) Following are the Balance Sheets of Sanjay Ltd. as on March, 2013 and 2014. as on 31* March Prepare a Comparative Balance Sheet From the above in vertical form 8 marks
Q2 (b) Complete the following Common Size Income Statement of Alpana Ltd. by ascertaining the missing figures/percentages : Common Size Income Statement as on 31" March, 2014 Less : Cost of Goods Sold : 7 marks
- a) Administrative Expenses ? 7.00
- b) Selling Expenses 50,000 2.50
- c) Finance Expenses ? 2,10,000 ? 10.50 lysis for Three Years of Honesty
Q3 Complete the following Income Statement Trend Analy Income Statement Trend Analysis for three years ence
Q3 Following is the Trading and Profit and Loss Account for the year ended March, and Balance Sheet as on that date of Sudrshan Ltd. = Trading and Profit and Loss Account for the year ended March 2014 To Opening Stock 2,50,000 | By Sales (Credit) 37,00,000 To Purchases 26,00,000 By Closing Stock To Gross Profit c/d 13,50,000 To Administrative Expenses 2,70,000 By Gross Profit b/d 13,5 0,000 To Interest 72,000 By Profit on Sale To Rent 60,000 | of Assets To Provision for Income Tax To Proposed Dividend To Net Profit c/f 4,00,000 as on March, 2014 Equity share capital 10 each) Fixed Assets (at cost) 000 11% Preference share capital 3,00,000 Short Term Investments 1,00,00 Proposed Dividend 1,00,000 Cash and Bank Balance 1,50,000 Bank overdraft 2,00,000 Discount on Issue of Provision for Depreciation 4,00,000 Debentures 60,000 Provision for Income Tax 2,00,000 From the above information calculate following ratios and comment on current ratio 20 marks
- (3) Return on Proprietors Fund (4) Operating Ratio Assume 360 days in a year Note :— Drafting of vertical Financial Statements is not expected
Q4 Asmita Ltd. furnishes you the following summarised financial position as on 31" March : Equity and Liabilities Profit and Loss Account 1,48,000 1,39,000 Provision for taxation 92,000 67,000 to the assets were made on j= : fap (1) Issue of shares, debentures and additions to t d & Building and Furniture
- (2) Depreciation @ 10% p.a. was charged on
- (3) Plant & Machinery and Motor Vechicals, both were depreciated by
- (4) Income Tax paid and Proposed Dividend during the year were 69,0 Prepare Cash Flow Statement as per AS-3 for the year ended 3 1* March, 2014 usin
Q4 Ajeet Ltd. produced and sold 60,000 Cellular Phones in the year 2013-14 and structure was as under :— Administration and Selling Overheads 30 7 20% of Selling Price In the year 2014-15 they plan to produce and Sale 72,000 Cellular Phones and they es ti
- (i) Raw Materials cost per unit will reduce to Z 100 and all overheads will increase byl Gi) Selling Price will remain unchanged It is further informed that :
- (a) Raw Materials will be in stock on an average equal to one month's con Processing time required is 1/4 Finished Goods in stock - 1/2 month's requirement Credit allowed by suppliers one month, Credit allowed to customers-1/2 month ime in payment of wa
- (g) Cash balance ges and both the overheads - one month
- (h) Production and sales ar be 75,000 a (i) Provide Margin of Safety of are to be calculated at Selling Price 4 of purchases and 60% of sales are against cash ou are required to pre 4 prepare a statement showing working capital requirement for the year the factors that affect the requirement of working capital.c ha-S q Asset ? Explain various types of Assets.c 2
Q5 Write a short note on (Any Three) Cash flow from financing activities 4
- (e) Cash and cash equivalent

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