60148/BPZ6B/BPF6A/ BPW6C/BPG6A

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1 NOVEMBER 2015 Time : Three hours Maximum : 75 marks SECTION A (10 2 = 20 marks) Answer any TEN questions. 1. Define the term Management Accounting.»õsø PnUQ À GÝ uzøu Áøμ ÖUP. 2. List out any two uses of Management Accounting.»õsø PnUQ ¼ß H uý Cμsk ßPøÍ mi ¼kP. 3. What is Financial Statement? {v{ø» AÔUøP GßÓõÀ GßÚ? 4. What do you mean by Comparative Statement? J mk AÔUøP ØÔ }ú AÔÁx GßÚ? 5. What do you mean by Debt-Equity Ratio? Phß&ö õx ÂQu ØÔ }ú AÔÁx GßÚ? 6. What is operating ratio? ö\ À õmk ÂQu GßÓõÀ GßÚ? 7. What do you mean by Fund Flow Statement? {v Kmh AÔUøP ØÔ }ú AÔÁx GßÚ? 8. State any two limitations of Cash flow statement. öμõup Kmh AÔUøP ß H uý Cμsk SøÓ õkpøí TÖP. 9. Define the term Budget. vmh mi À GÝ uzøu Áøμ ÖUP. 10. Define the term Budgetary Control. vmh mi ¼ß Pmk õk GÝ uzøu Áøμ ÖUP. 11. What is Capital Budgeting?»uÚ vmhªkuà GßÓõÀ GßÚ? 12. What is cut-off point? öuõk GÀø» ÒÎ GßÓõÀ GßÚ?

2 SECTION B (5 5 = 25 marks) Answer any FIVE questions. 13. What are the objectives of Management Accounting?»õsø PnUQ ¼ß õup[pò õøá? 14. From the following data relating to the purchase of a firm, prepare trend percentages. Year Purchases (Rs. in Lakhs) ßÁ upáàpíõúx J {ÖÁÚzvß öpõò uà \ u mhx. Cv¼ x õus \uãuzøu u õ UP. Bsk öpõò uà (¹.»m\zvÀ) (a) Current Ratio 2.5. Working Capital Rs. 60,000. Calculate the amount of current assets and current liabilities. (b) Opening Stock Rs. 29,000. Closing Stock Rs. 31,000, Sales Rs. 3,20,000, Gross Profit ratio 25% on sales. Calculate Stock Turnover Ratio. (A) h ÂQu 2.5; øh øó»uú ¹. 60,000. h ö\õzxupò ØÖ h ö õö PøÍ PnUQkP. (B) öuõhup \μuq ¹. 29,000; CÖv \μuq ¹. 31,000, ÂØ øú ¹. 3,20,000. ö õzu»õ ÂQu & ÂØ øú À 25%. \μuq _ÇØ] ÂQuzøu PnUQkP. 2

3 16. From the following Profit and loss a/c prepare Fund from operations. Particulars Rs. Particulars Rs. To Rent 10,000 By Gross 9,86,000 profit To Salary 25,000 To Depreciation 3,000 To Discount on issue 10,000 of shares To Goodwill written 5,000 off To Preliminary 6,000 expenses written off To Net profit 9,27,000 Total 9,86,000 Total 9,86,000 ßÁ»õ mh PnUQ¼ x ö\ À õkpî¼ x Qøhzu {vø U PnUQkP.  μ[pò ¹.  μ[pò ¹. ÁõhøP 10,000 ö õzu 9,86,000»õ \ Í 25,000 u õú 3,000 [SPøÍ 10,000 öáî mhvà uòð i õuöpêu mh 5,000 Øö º õuöpêu mh 6,000 öuõhupa ö\»äpò {Pμ»õ 9,27,000 9,86,000 9,86, Krishna Ltd, earned profit of Rs. 2,00,000 after charging or crediting the following items to its P & L a/c. Particulars Rs. Profit on sale of investments 4,000 Loss on sale of building 9,000 Depreciation of fixed assets 7,000 Amortization of goodwill 2,000 3

4 The following additional details are available: Rs. Rs. Bills payable 5,000 8,000 Creditors 12,000 16,000 Outstanding expenses 2,000 1,000 Bills Receivable 20,000 18,000 Debtors 40,000 60,000 Prepaid expenses 2,000 3,000 Accrued incomes 5,000 8,000 Income received in advance 2,000 1,000 Calculate the Cash from operations for the year ending »õ mh PnUQÀ ØÖ ØÖ ÁμÄ øázu ßÚº Q ènõ ¼ªöhm ¹. 2,00,000 ö Ö õú»õ zøu Dmi x.  μ[pò ¹. u½kpøí ÂØÓvÀ»õ 4,000 Pmihzøu ÂØÓvÀ mh 9,000 {ø»a ö\õzxupò «uõú u õú 7,000 õuöpêu mh Øö º 2,000 ßÁ TkuÀ upáàpò EÒÍÚ: ¹. ¹. ö\¾zuøs õøöa ^mk 5,000 8,000 PhÜ uõº 12,000 16,000 öpõk h Ási ö\»äpò 2,000 1,000 ö ÖuØS õøöa^mk 20,000 18,000 PhÚõÎPÒ 40,000 60,000 ß Tmi ö\¾zv øá 2,000 3,000 ö Ó Ási Á õú 5,000 8,000 ß Tmi ö ØÓ Á õú 2,000 1, & B Bsk õ Íõk i² öμõup ö\ À õmøhu PnUQkP. 4

5 18. From the following particulars prepare the Raw materials purchase budget for October Materials (in units) A B C D E F Estimated stock on ,000 6,000 24,000 2,000 14,000 28,000 Estimated stock on Estimated consumption Standard Price per unit (paise) 20,000 8,000 28,000 4,000 16,000 32,000 1,20,000 44,000 1,32,000 36,000 88,000 1,72, ßÁ  μ[pî¼ x» ö õ Ò öpõò uà vmhzøu AU hõ º 2013&À u õ UP.» ö õ ÒPÒ (A»SÎÀ) À wº õûup mh \μuq À wº õûup mh \μuq wº õûup mh ~PºÄ Kμ»QØPõÚ {ºn Âø» (ø \õ) A B C D E F 16,000 6,000 24,000 2,000 14,000 28,000 20,000 8,000 28,000 4,000 16,000 32,000 1,20,000 44,000 1,32,000 36,000 88,000 1,72, Determine the payback period for project which requires a cash outlay of Rs. 10,000 and generate cash inflows of Rs. 2,000, Rs. 4,000, Rs.3,000 and Rs. 2,000 in the first, second, third and fourth year respectively. J vmhzvøs uøá k öμõup öáî±k ¹. 10,000 ØÖ Av¼ x ö Ó k öμõup EÒÏk ¹. 2,000, ¹. 4,000, ¹. 3,000 ØÖ ¹. 2,000 øó u»õ, Cμshõ, ßÓõ ØÖ õßpõ BskPÍõS. Cv¼ x v ö\¾zx Põ»zøu PnUQkP. 5

6 SECTION C (3 10 = 30 marks) Answer any THREE questions. 20. Distinguish between Management accounting and Cost accounting.»õsø PnUQ À ØÖ AhUPÂø» PnUQ ø» ÁÖ kzxp. 21. The following are the Balance sheet of A & Co for two consecutive years. (Rs. in Lakhs) Liabilities Assets Share Capital Land & Buildings Reserves & Surplus Plant & Machinery Long term liabilities Furniture Current liabilities Current assets Misc. assets From the above prepare a comparative Balance sheet. ßÁ C {ø»usô õúx A Aß PõÂß öuõhºa] õú Cμsk BskPÐUS uõs. (¹. C»m\zvÀ) ö õö PÒ ö\õzxupò [S uà {» ØÖ Pmih Põ ØÖ ö õô, E ² C vμ }sh Põ» ö õö PÒ AøÓP»ß h ö õö PÒ h ö\õzxpò Ø» ö\õzxpò ØTÔ ÁØÔ¼ x J mk C {ø»u SÔ ø z u õ UP. 6

7 22. From the following data prepare a Balance sheet. Working Rs. 75,000 Reserves and Rs. 1,00,000 Capital Surplus Bank Overdraft Rs. 60,000 Current Ratio 1.75 Liquid Ratio 1.15 Fixed assets to Proprietor's Fund 0.75 Long Term Liabilities Nil RÌUPsh upáàpøíu öpõsk C {ø»u SÔ ø u õº ö\ P. øh øó ¹. 75,000 Põ ØÖ ¹. 1,00,000»uÚ E Á[Q ¹. 60,000 h ÂQu 1.75 ÀÁøμ ØÖ }ºø ÂQu 1.15 {ø»a ö\õzxpðus E ø õíº {v ÂQu 0.75 }sh Põ» ö õö CÀø» 23. From the following information Prepare Fund Flow Statement for the year (a) Increase in working capital Rs. 4,000 (b) Net profit before writing off goodwill Rs. 10,750 (c) Depreciation for fixed assets Rs. 1,750 (d) Dividend paid Rs. 3,500 (e) Goodwill Rs. 5,000 written out of profits (f) Rs. 5,000 share capital was issued for cash (g) Machinery was purchased for Rs. 10,000. ßÁ upáàpî¼ x {v Kmh AÔUøPø AßÖ u õº ö\ P. (A) øh øó»uúzvß TkuÀ ¹. 4,000 (B) Øö øμ õusáuøs ß {Pμ»õ ¹. 10,750 (C) {ø»a ö\õzxupò «uõú u õú ¹. 1,750 (D) [Põuõ ö\¾zv x ¹. 3,500 (E) ¹. 5,000&zøu Øö UPõP»õ zvà SøÓUP Ásk (F) ¹. 5,000 öμõup õp [S u»õp öáî h mhx (G) ¹. 10,000&US Áõ[P mh C vμ. 7

8 24. A project is acceptable unless the yield is 10%. Cash inflows of the project along with cash outflows are given below: Year Outflows Inflows Present Value 10% 0 1,50,000-1, ,000 20, , , , , The salvage value at the end of the 5 th year is Rs. 40,000. Calculate the net present value. J vmhzv¼ x QøhUP ö Ö Á õú 10%. Czvmhzvß» QøhUP ö Ö öμõup EÒÏk ßÁ õö: Bsk öáî±k EÒÏk h v 10% 0 1,50,000-1, ,000 20, , , , , I uõ Bsk CÖv À QøhUP ö Ö CÖv v ¹. 40,000 {Pμ h v ø U PõsP. 8