60148/BPZ6B/BPF6A/ BPW6C/BPG6A

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Shauna Parsons
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1 ws11 APRIL 2016 Time : Three hours Maximum : 75 marks PART A (10 2 = 20 marks) Answer any TEN questions. 1. Define Management accounting.»õsø PnUQ ø» Áøμ ÖUP. 2. List out the various tools used in management accounting.»õsø PnUQ ¼À ß kzu k À ÁÖ P ÂPøÍ mi ¼kP. 3. State any two objectives of financial statement analysis. {v{ø» AÔUøP S õ Âß H uý Cμsk õup[pøíu TÖP. 4. Compare analysis and interpretation of financial statements. {v{ø» AÔUøP Ýøh S õ Ä ØÖ ÂÍUPÄøμø J kp. 5. Explain the term ratio analysis. ÂQu S õ Ä GÝ uzøu ÂÍUSP. 6. What is meant by current ratio? h ÂQu ØÔ AÔÁx GßÚ? 7. What do you mean by flow of funds? {v Kmh ØÔ }Âº AÔÁx GßÚ? 8. What is Cash Flow Statement? öμõup Kmh AÔUøP GßÓõÀ GßÚ? 9. What is Production Budget? EØ zv vmh mi À GßÓõÀ GßÚ? 10. State any two objectives of Budgetary Control. vmh mi À Pmk õmiß H uý Cμsk õup[pøí TÖP.

2 11. What is Pay Back Period? v ö Ö Põ» GßÓõÀ GßÚ? 12. State any two characteristics of Capital Budgeting.»uÚ vmhªh¼ß H uý Cμsk Snõv\ [PøÍ TÖP. PART B (5 5 = 25 marks) Answer any FIVE questions. 13. Briefly discuss the scope of Management Accounting.»õsø PnUQ ¼ß GÀø»ø _ UP õp ÂÁõvUP. 14. From the following information compute the trend percentages taking 2000 as the base year. (Rs. in lakhs) Year Sales Revenue Operating Profit Bsøh Ai øh BshõP öpõsk ßÁ ÂÁμ[PÎ¼ x õus \uãuzøu PnUQkP. (¹ õ C»m\zvÀ ) Bsk ÂØ øú Á õú ö\ À õmk C»õ You are given the following information for two companies. Particular Company A (Rs.) Company B(Rs.) Cash 18,000 14,000 Debtors 1,42,000 3,20,000 Closing stock 1,80,000 5,40,000 Bills payable 27,000 1,00,000 Creditors 50,000 4,00,000 Outstanding expenses 15,000 12,500 Tax payable 75,000 1,00,000 Calculate liquidity ratios for the two companies. 2

3 ßÁ upáàpò BÚx C P ö ÛPÐUS E x ÂÁμ[PÒ P ö Û A (¹.) P ö Û B (¹.) öμõup 18,000 14,000 PhÚõÎPÒ 1,42,000 3,20,000 CÖv \μuq 1,80,000 5,40,000 ö\¾zuøs õøöa ^mk 27,000 1,00,000 PhÜ uõºpò 50,000 4,00,000 öpõk h Ási ö\»âú[pò 15,000 12,500 ö\¾zu Ási Á 75,000 1,00,000 C P ö ÛPÐUS }ºø ÂQu[PøÍ PnUQkP. 16. Calculate funds from operations from the following profit and Loss account: Particulars Rs. Particulars Rs. To Salaries 11,000 By Gross Profit 2,10,000 To Rent 2,000 By Profit on sale of asset 7,000 To Commission 3,000 By Refund of Tax 3,000 To Provision for Depreciation 12,000 To Transfer to General Reserve 22,000 To Provision for Tax 5,000 To Loss on sale of Investment 15,000 To Discount on issue of shares 2,000 To Preliminary expenses 3,000 To Selling expenses 20,000 To Net Profit 1,25,000 2,20,000 2,20,000 ö\ À õkpî¼ x ö ØÓ {vø ßÁ»õ mh PnUQ¼ x PnUQkP. Â μ[pò ¹. Â μ[pò ¹. \ Í[PÒ 11,000 ö õzu»õ 2,10,000 ÁõhøP 2,000 ö\õzxpøí ÂØÓvÀ»õ 7,000 PÈÄ 3,000 Á z v ö ØÓx 3,000 u õú JxUS 12,000 ö õxupõ ØS õøô x 22,000 3

4 Â μ[pò ¹. Â μ[pò ¹. Á JxUS 5,000 u½møh ÂØÓvÀ mh 15,000 [S öáî±mk uòð i 2,000 öuõhupa ö\»äpò 3,000 ÂØ øú ö\»äpò 20,000 {Pμ»õ 1,25,000 2,20,000 2,20, From the following Balance sheet prepare a cash flow statement. Liabilities Assets Share Capital 2,00,000 2,50,000 Cash 30,000 47,000 Creditors 70,000 45,000 Debtors 1,20,000 1,15,000 Profit & Loss a/c 10,000 23,000 Stock 80,000 90,000 Land 50,000 66,000 2,80,000 3,18,000 2,80,000 3,18,000 ßÁ C {ø»u SÔ ¼ x J öμõup Kmh AÔUøPø u õ UP. ö õö PÒ ö\õzxupò [S uà 2,00,000 2,50,000 öμõup 30,000 47,000 PhÜ uõºpò 70,000 45,000 PhÚõÎPÒ 1,20,000 1,15,000 C»õ mh P/S 10,000 23,000 \μuq 80,000 90,000 {» 50,000 66,000 2,80,000 3,18,000 2,80,000 3,18, Estimated sale of a product for the first seven months of a year is as follows: Month January February March April May June July Units (a) (b) There is no work in progress at the end of any month. 50% of sales of the next month will be held in stock at the end of each month (including previous December). Prepare production budget for the first six months. 4

5 KμõsiÀ uà HÊ õuzvøpõú J ö õ Îß wº õûup mh ÂØ øú ßÁ õö õu[pò áúá μá õºa H μà áúß áúø» A»SPÒ (A) G u õu CÖv ¾ Sv iáøh u Áø» CÀø» (B) JÆöÁõ õu CÖva \μupõúx Akzu õu ÂØ øú À 50% BS. (Ph u i\ º õu EÒ h) uà BÖ õu Põ»zvØPõÚ EØ zv vmhzøu u õº ö\ P. 19. A Project costs Rs. 10,00,000 and yield an annual cash inflow of Rs. 2,00,000 for 10 years. Calculate its payback period. J vmhzvß AhUP ¹. 10,00,000 ØÖ 10 BskPÐUS Cv¼ x QøhUP ö Ö Bsk öμõup EÒÏk ¹. 2,00,000 BS. v ö\¾zx Põ»zøu PõsP. PART C (3 10 = 30 marks) Answer any THREE questions. 20. Explain the functions of Management Accounting in brief.»õsø PnUQ ¼ß opøí _ UP õp ÂÍUSP. 21. From the following particulars of X Company calculate (a) Sales (b) Debtors (c) Closing Stock (d) Creditors Debtors velocity 3 months Stock turnover ratio 8 times Creditors velocity 2 months Gross Profit Ratio 25% Gross profit for the year was Rs. 4,00,000. Closing stock was Rs. 10,000 more than the opening stock. ßÁ upáàpíõúx X {Ö zvøs x. CÁØÔ¼ x ßÁ ÁÚÁØøÓ PnUQkP. (A) ÂØ øú (B) PhÚõÎPÒ (C) CÖva \μuq (D) PhÜ uõºpò PhÚõÎPÎß _ÇØ] 3 õu[pò \μuq _ÇØ] ÂQu 8 uhøápò PhÜ uõºpîß _ÇØ] 2 õu[pò ö õzu C»õ ÂQu 25% AÆÁõsiÀ EÒÍ ö õzu C»õ ¹. 4,00,000. CÖv \μuq õúx öuõhup \μuq ø Âh ¹. 10,000 AvP õs. 5

6 22. Given below are the balance sheet of Ram Ltd., as on and Liabilities Assets Share capital 5,00,000 7,00,000 Land and 80,000 1,20,000 Building P & L a/c 1,00,000 1,60,000 Machinery 5,00,000 8,00,000 General reserve 50,000 70,000 Stock 1,00,000 75,000 Creditors 1,53,000 1,90,000 Debtors 1,50,000 1,60,000 Bills payable 40,000 50,000 Cash 20,000 20,000 Outstanding expenses 7,000 5,000 8,50,000 11,75,000 8,50,000 11,75,000 Additional information. (a) In 2005 depreciation on machinery Rs. 50,000 was charged (b) One machine which had cost Rs. 21,000 and on which Rs. 7,000 depreciation had been provided was sold in 2005 for Rs. 8,000. Prepare Fund Flow Statement. ßÁ C {ø»usô õúx μõ {Ö zvß ØÖ õðus x ö õö PÒ ö\õzxupò [S uà 5,00,000 7,00,000 {» ØÖ 80,000 1,20,000 Pmih»õ mh PnUS 1,00,000 1,60,000 C vμ[pò 5,00,000 8,00,000 ö õxupõ 50,000 70,000 \μuq 1,00,000 75,000 PhÜ uõºpò 1,53,000 1,90,000 PhÚõÎPÒ 1,50,000 1,60,000 ö\¾zxuøs 40,000 50,000 öμõup 20,000 20,000 õøö ^mk öpõk h 7,000 5,000 Ási ö\»äpò 8,50,000 11,75,000 8,50,000 11,75,000 TkuÀ Â μ[pò (A) 2005 À C vμzvß «x ¹. 50,000 u õú JxUP mhx (B) ¹. 21,000 v øh J C vμzvøs ¹. 7,000 u õú JxUP mk 2005 À ¹. 8,000 zvøs ÂØP mhú. {v Kmh AÔUøPø z u õº ö\ P. 6

7 23. For the Production of 10,000 electric automatic irons; the following are the budget expenses; Particulars Per Unit (Rs.) Direct material 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs. 1,50,000) 15 Variable expenses (direct) 5 Selling expenses (10% fixed) 15 Administration expenses (Rs. 50,000 rigid for all levels 5 of production) Distribution expense (20% fixed) 5 The total cost of sale per unit 160 Prepare a budget for the production of 6,000, 7,000 and 8,000 irons, showing distinctly the marginal cost and the total cost. 10,000 uõû [S ªß Cìv ö mi EØ zv ö\ RÌUPõq ö\»äpò vmhªh mhx. Â μ[pò J A»QØS ¹. μi» ö õ ÒPÒ 60 μi T¼ 30 õö k Øö\»Ä 25 {ø» õú Øö\»ÄPÒ (¹. 1,50,000) 15 õö k Øö\»Ä ( μi) 5 ÂØ øú ö\»ä (10% {ø» õúx) 15 {ºÁõP ö\»ä (¹. 50,000 {ø» õúx GÀ»õ EØ zv 5 {ø»us ) Â{ õp ö\»äpò (20% {ø» õúx) 5 Kμ»QØPõÚ ö õzu ö\»ä 160 6,000, 7,000 ØÖ 8,000 A»SPÒ EØ zv ö\ ö QÌÄÖ {vzvmh u õ zx, õö ö\»äpøí² ö õzu ö\»äpøí² Põs UPÄ. 7

8 24. Vikas Ltd., is considering the purchase of a new machine which would carry out some operations at present performed by manual labour. The two alternative models under consideration are X and Y. From the following information ascertain the profitability of the machine using NPV method. Assume a tax rate of 50% of profits and cost of capital at 10%. Alternative X (Rs.) Alternative Y (Rs.) Cost of the Machine 3,00,000 5,00,000 Estimated savings in scrap per annum 20,000 30,000 Additional cost of supervision per annum 24,000 32,000 Additional cost of maintenance per annum 14,000 22,000 Cost of indirect material per annum 12,000 16,000 Savings in wages: Wages per worker per annum 1,000 1,200 No. of workers not required Life of the Machine (Year) Â ÁU {Ö õúx uø\ uúx ö\ À õmøh ÊUP ÊUP Ûu \Uv õà C UQ Á ux. Ax J v C vμzøu Áõ[SÁuØS wº õûzux. X ØÖ Y GÝ C ÁøP õú õv PÒ EÒÍÚ. ßÁ upáàpøíu öpõsk {Pμ h v øóø ß kzv C vμzvýøh C»õ ußø ø PnUQkP. C»õ zvà 50% Á Ãu GÚÄ, uà «x 10% AhUP GÚÄ P zvà öpõòp. Áõ PÒ X (¹.) Áõ PÒ Y (¹.) C vμzvß AhUPÂø» 3,00,000 5,00,000 Bsk JßÖUS ÚØÓ v À Gvº õºup k 20,000 30,000 \ª Bsk JßÖUS HØ k TkuÀ Ø õºøá ö\»ä 24,000 32,000 Bsk JßÖUS HØ k TkuÀ μõ ö\»ä 14,000 22,000 Bsk JßÖUS HØ k TkuÀ øó P» 12,000 16,000 ö õ Ò T¼ À HØ k \ª : J öuõè»õîus Bsk JßÖUS 1,000 1,200 ÁÇ[P k T¼ uøá hõu öuõè»õíºpîß GsoUøP C vμzvß B²Ò Põ» (BskPÎÀ)

60148/BPZ6B/BPF6A/ BPW6C/BPG6A

60148/BPZ6B/BPF6A/ BPW6C/BPG6A 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