S.Y.B.A.F.(SEM-IV) _ SUB: INTRODUCTION TO MANAGEMENT ACCOUNTING·--L (A.T.K.T.Exam.j , \s Date: 5- ~D~ MARKS: 75 Duration: 2% Hours Note: All questions are compulsory, subject to internal choice. \ Q.1 (a) State whether the following statements are True or False. [8] (Any EIGHT) (1) Bank Overdraft is a long term borrowed fund. (2) Patent is an example of tangible a l. (3) Proprietary ratio is primarily th r tic b tw ~ 1 pr pn tor's funds and total assets. (4) Issue of shares is a financing activity. (5) The standard for current ratio is 2. . Cost of Goods old (6) Inventory Turnover Ratio == -------- Av rag 0]< (7) Purchase of machinery is investing ctivity. (8) Debtors may be valued at cost of the ods Id nr it r at selling price. (9) Sale of investment will be classified oper Ling ctivity in Cash Flow Statement. (10) Gross Profit Ratio is Balanc Sheet Ratio. (b) Match the items in Column 'A' with suitable items in Column 'B'. (Any SEVEN) f71 Column 'A' Column 'B' (1) Balance Sheet Ratio (a) Curren t Assets (2) Transfer to Reserve (b) Capital Gearing Rati (3) Stock (c) Appropriations (4) Debentures (d) Loan Fund (5) Combined Ratio (e) Fictitious Assets (6) Loss by fire (f) Operating Ratio (7) Income Statement Ratio (g) Cash outflow (8) Discount on Issue of (h) Creditors Turnover Ratio Debentures (i) 1:1 (9) Fixed Assets purchased U) Non-operating Expenses (10) Liquid ratio Q. ~-ouare furnished with the following revenue statements for the year er ded March 31,2012 to 2015. 15 2012 2013 2014 2015 50,00,000 60,00,000 72,00,000 86,40,000 _ : Cost of Sales 32,00,000 38,00;000 46,00,000 56,00,000 18,00,000 22,00,000 26,00,000 30,40,000 3,00,000 3,50,000 4,00,000 4,50,000 5,00 000 6,00,000 7 20,000 8,64,000 SYBAF-MAj1
Transcript
S.Y.B.A.F. (SEM-IV) _
SUB: INTRODUCTION TO MANAGEMENT ACCOUNTING·--L(A.T.K.T.Exam.j , \sDate: 5- ~D~
MARKS: 75 Duration: 2% HoursNote: All questions are compulsory, subject to internal choice.
\ Q.1 (a) State whether the following statements are True or False. [8](Any EIGHT)(1) Bank Overdraft is a long term borrowed fund.(2) Patent is an example of tangible a l.(3) Proprietary ratio is primarily th r tic b tw ~ 1 pr pn tor's
funds and total assets.(4) Issue of shares is a financing activity.(5) The standard for current ratio is 2.
. Cost of Goods old(6) Inventory Turnover Ratio == --------Av rag 0]<
(7) Purchase of machinery is investing ctivity.(8) Debtors may be valued at cost of the ods Id n r it r
at selling price.(9) Sale of investment will be classified oper Ling ctivity in
Cash Flow Statement.(10) Gross Profit Ratio is Balanc Sheet Ratio.
(b) Match the items in Column 'A' with suitable items in Column'B'. (Any SEVEN) f71
Column 'A' Column 'B'(1) Balance Sheet Ratio (a) Curren t Assets(2) Transfer to Reserve (b) Capital Gearing Rati(3) Stock (c) Appropriations(4) Debentures (d) Loan Fund(5) Combined Ratio (e) Fictitious Assets(6) Loss by fire (f) Operating Ratio(7) Income Statement Ratio (g) Cash outflow(8) Discount on Issue of (h) Creditors Turnover Ratio
(a) You arc a ked to prepare Trend Analysis.(b) Commen l on the same.
OR
Q.2 Prepare Common-size Income Statement and omrnon-sizc B lanceSheet in vertical form. [15]
Profit & Loss AI c for the ear ended 31.3.2015Debit ~ Credit
To Opening Stock 44,000 By I , I, 0,000To Purchases 84,000 By Clo i ~ k 4 ,000To Wages 40,000 Byl r c IV d 20,000To Factory Expenses 32,000To Management Exp. 2,000To Establishment Exp. 8,000To Selling Expenses 6,000To Interest 6,000To Loss on Sale of
Assets 2,000To Provision for Tax 22,000To Net Profit transfrd
to Reserve 10,0002,36,000 2,36,000
Balance Sheet as at 31.3.2015Liabilities < Assets <
Equity Share Capital 50,000 Fixed Assets 70,000Pref. Share Capital 20,000 Investments 20,000Reserves 50,000 Current Assets 1,00,000Secured Loan 22,000 (excluding BankUnsecured Loan 30,000 Overdraft)Creditors 20,000 Bank Balances 10,000Outstanding Expenses 6,000 Loan and Advances 40,000Provision 54,000 Preliminary Exps. 12,000Unclaimed Dividend --
2,52,000 2,52,000
SYBAF-MAj2
l
Q.3 Following is the summariz 'cl Balance Sheet and Revenue Statement ofABC Ltd. for the year ended 31st March, 2014. [15]
Balance Sheet,------Liabilities ~ Assets ~
Sharc Capital 0,000 Fixed Assets 75,000Reserves 20,000 Current Assets 1,00,00010% Debentures 25,000Current Liabilities 50,000
1,75,000 1,75,000
R St t t f th d d 31 t M h 2014evenue a emen or e year en e s arc L,
Particulars <Sales 2,00,000Less: Cost of Sales 1,10,000Gross Profit 90,000Less: Operating Expenses 60000Net Profit Before Tax 0,000Less: Tax _ 15,000Profit After Tax 1 ,000Dividend 8000Retained Earnings 7000
You are required to prepare Vertical Balance Sheet and ca1cul t thfollowing ratios:(1) Current Ratio (2) Proprietary Ratio(3) Capital Gearing Ratio (4) Gross Profit Ratio(5) Operating Ratio(6) Return on Proprietors' Equity Ratio(7) Net Profit Ratio
OR
Q.3 Following are the Trading Account and Profit & Loss AI c of S Ltd. forthe year ending 31 st December, 2014 and Balance Sheet as on thatdate: [15]
Profit & Loss AI cDebit ~ Credit ~
To Opening Stock 1,45,000 By Sales 7,50,000To Purchases 6,10,000 By Closing Stock 1,55,000To Gross Profit cl d 1,50,000
9,05,000 9,05,000
To Sundry Expenses 80,000 By Gross Profit bid 1,50,000To Net Profit cid 70,000
1,50,000 1,50,000
SYBAF-MA/3
Balance Sheet-Liabilities ~ Assets ~
-Share Capital 7,00,000 Net Block 5,50,000Reserv ' , and Surplus 50,000 Stock 2,55,000Profit for the year 70,000 Debtors 1,80,000Bank Qv rd raft 35,000 Cash 20,000Creditors 1,50,000
10,50,000 10,50,000
You are required to calculate the following ratios and give yourcomments:(1) Current Ratio(2) Quick Ratio(3) Gross Profit to Sales(4) Stock Turnover Ratio(5) Debtors Turnover Ratio
Q.4 Following are summarized Balance Sh l f P R Ltd. on 31 st
December, 2013 and 2014. [15}Liabilities 2013 2014 Assets 2013 2014
Bank Loan 70,000 1,10,000 Furniture 10,000 8,000Reserves 20,000 25,000 Land 1,70,000 2,80,000Profit & Loss Ale 50,000 60,000 Buildings 1,40,000 99,000Creditors 60,000 75,000 Goodwill 30,000 25,000Bills Payable 40,000 33,000
5,90,000 7,13,000 5,90,000 7,13,000
Additional Information:(1) Depreciation charged during 2014 w s ~ 4,000 on Furniture, ~
12,000 on Machinery and ~ 20,000 on Building.(2) Part of machinery was sold for ~ 15,000 at a loss of~ 4,000.(3) During 2014, Interim Dividend wa paid ~ 10,000 and Income
Tax was paid ~ 5,000.(4) During the year, part of the Building was sold at book value.You are required to prepare Cash Flow Statement as per AS-3. (UseIndirect Method).
OR
SYBAF-MA/4
/l
J••Q.4 A proforma Cost Sheet of a company provides the following
t 1 [15]par >lCU ars:Elements of Cost Amount per unit (~ )
Raw Materials 80Direct Labour 30Overheads 60Total Cost 170Profit 30Selling Price 200
The following further particulars are available :Raw Materials are in stock on an average for one month. Materialsare in process on an average for 112 a month. Finished Goods are instock on an average for 1 month.Credit allowed by suppliers is 1 month.Credit allowed to Debtors is 2 months.Lag in payment of wages is 1V2 weeks.Lag in payment of overheads is 1 month.One fourth of the output is sold against cash. Ca h on hand and atBank is expected to be ~ 10,000.You are required to prepare a Statement showing the Working Capitalneeded to finance a level of activity of 1,04,000 units of production.You may assume that production is carried out evenly throughout theyear. Wages and Overheads accrue similarly and a time period of 4weeks is equivalent to a month.
Q.5 (a) Explain the importance of interpretation of financial statementsfor managerial policy decisions. [8]
(b) Discuss in brief the factors influencing Working Capitalrequirements. [7]
ORQ.5. Write short notes: (Any THREE)
(a) Cash from Operating Activities(b) Current Ratio(c) Elements of Managerial Control(d) Return on Capital Employed(e) Uses of Ratios~T~T~TA
Q.I (A) True or False : [8](1) All goods manufactured are subject to Central Excise duty.(2) All excisable goods are dutiable goods.(3) Manufacturer includes deemed manufacturer.(4) Goods has been defined in Central Excise Act.(5) Classification is irrelevant, since all product attract 14%
duty.(6) Service tax is levied by State Government.(7) Service tax is paid and borne by service provider.(8) There is no need to file a nil service tax return.
(B) Fill in the blanks : [7](1) Service tax is governed by chapter of Finance Act.(2) Service tax is a tax on _(3) An assessee may submit a revised return in form _(4) Service provider is a person who provides service.(5) Central excise duty can be levied at the time of _(6) Labeling and relabeling comes under _(7) is essential to levy Excise Duty.
Q.2 Vidyut Equipments Ltd. of Mumbai entered into contract to supplyelectric generator to Surat Electric Co. Ltd. on following terms: [15]
~Cost of equipments 25,00,000Designing and drawings 5,00,000Transport charges 1,10,000Advance payment discount 2% of 5,00,000 10,000Central Sales Tax 1,00,000
Interest @ 2% p.a. will be charged if payment is not received. CentralExcise duty @ 10%. Find out assessable value and excise dutypayable.
OR
Q.2 (A) M/s. T sold TV at ~ 3,960 including Sales Tax @ 20% and ExciseDuty @ 10%. Find out: (i)Assessable Value; (ii)Excise duty; (iii)Sales Tax. [7]
SYBAF-l.TAX/l
•
(B) A manufacturer has appointed brokers for obtaining orders fromwholesalers procures orders for which they get brokerage at 6%on selling price. Manufactures ~ 36 per unit. The price isinclusive of Sales Tax at 6% and excise duty 20%. What is theassessable value and what is the excise duty payable per piece?
[8]
Q.3 Determine the point of Taxation in each of the following independentcases in accordance with Point of Taxation Rules, 2011. r151Sr.No. Date of actual Date of Invoice Date on which
Q.4 Mj s. Charge Ltd. enters into a contract with DHL Ltd. for constructionof a new building primarily for the purpose of commerce or industryfor a total consideration of ~ 900 lakhs on 02.08.2014. The relevantdetails are given as under : [15]
Stage Expected Date of Payment AmountDate Invoice Date
Determine the point of taxation in respect of each and above stage ofcompletion.
Q.5 Answer in brief: (Any THREE) [15](1) What is service tax? Explain basic element of service tax.(2) Write a short note on Service Tax and Cess payable.(3) Define "factory" as given in Central Excise Act.(4) Define "excisable goods" as mentioned in Central Excise Act,
1994.(5) Write short note on : "Daily Stock Account"
MARKS: 75 \C).- 15"- \~ Duration: 21f2 HoursQ.l (A) Fill in the blanks with correct alternatives: (Any EIGHT) [8]
(1) Compared to money market securities, capital marketsecurities have ----(a) more liquidity (b) longer maturities(c) lower yields (d) less risk
(2) The rate is the rate of interest that the Issuermust pay.(a) Market (b) Coupon(c) Discount (d) Funds
(3) Market is known as bond market.(a) Debt (b) Stock(c) Primary (d) Future
(4) SEBI was established in _(~ 1979 (~ 1981(c) 1992 (d) 1995
(5) contracts are not standardized based on quantityor quality.(a) Forward (b) Futures(c) Price (d) Exchange
(6) The instruments that are marked to the market are _(a) forward (b) futures(c) swaps (d) options
(7) In an option contract, if the option can be exercised only atthe time of maturity is called _(a) Double option (b)American option(c) Put option (d) European option_____ to earn riskless profit.
(b) Speculators(d) Future
(8)(a) Hedger(c)Arbitrageur
(9) Future trading was started in _(a) USA (b) UK(c) China (d) India
(10) are dealers who purchase andtheir own names.
sell securities in
(a) Bulls(c) Jobbers
(b) Bears(d) Brokers
(B) True or False: (Any SEVEN) [7](1) Government never issue stock because they cannot sell
ownership claims.
SYBAF-MOjl
(2) India's debt market is largest in Asia.(3) The best known capital market securities are stock and.
bonds.(4) Primary market provides the channel for sale of old
securities.(5) NCDEX is first listed exchange.(6) The eBSE Sensex' is value-weighted index composed of 30
stocks.(7) Increased demand for a country's exports cause its currency
to depreciate.(8) Prices in derivatives market are not as volatile as prices in
spot market.(9) Commodity market is a place where trading in shares takes
place.(10) Hedging balances the risk.
Q.2 Explain the methods of raising fund in the primary market. [15]
OR
(A) Explain the types of Government Securities.(B) Features and advantages of debt instruments.
Q.3 Discuss capital market in detail. [15]
OR
(A) Explain the benefits of Stock Exchange.(B) Discuss the listing of securities in detail.
Q.4 Explain types of risk. [15]
OR
(A) Explain salient features of commodity market. [8](B) Explain benefits of Depository Receipt to issuer and investors. [7]
Q.5 Write short notes on : (Any THREE) [15](1) Difference between Debt Instrument and Equity Instrument(2) Players in Primary Market(3) Private Placement(4) Functions of Primary Market(5) Types of Bonds~T~T~TA
SYBAF-MOj2
(
[8][7]
[8][7]
S.Y.B.C.A.F. (SEM-IV)
SUB: COMPANY lAW(A.T.K.T. Exam.). ~Date: \J.- - C) ~ -\~
MARKS: 75 Duration: 21f2 Hours
Q.l (A) Fill in the blanks: (Any EIGHT) [8](1) Shares are and transferable property.(2) In case of winding up, shareholders get a
preference.(3) Private placement offer cannot be made to more than
______ person in financial year.(4) Association Clause is also known as _(5) A company having significant influence on another company
is called cornpany.(6) Small company is on whose turnover does not exceed ~
(7) A needs to be incorporated outside India.(8) The Companies Act, 2013 has Companies
Act, 1956.(9) The object of the Companies Act IS to encourages
transparency, accountability and _(10) Signature of the company registered under Companies Act,
2013 is called _
(B) State whether the following statements are True or False. [7](Any SEVEN)(1) A company can issue share at a discount.(2) On acceptance of deposits, a private company becomes a
public company.(3) A firm can also become a member of a company which has
been granted license under Section 25 of the Act.(4) Debenture includes debenture stock, bonds or any other
instrumen t enabling the shareholders to purchase theshares of the company.
(5) Sweat equity share is authorised by an ordinary resolutionpassed by the company.
(6) All monies payable towards subscription of securities underSection 42 shall be paid in cash.
(7) No prospectus shall be valid if it is issued more than 120days after the date on which a copy thereof is delivered tothe Registrar.
(8) On registration under Companies Act, 2013, the companygets perpetual succession.
SYBAF-COM.LAW/1
(9) The State government givcs direction to the company to'amalgamate with another company registered.
Q.2 Define the term company and state the classification of companies asper Companies Act, 2013. [15]
OR
(a) Explain the term foreign company, one person company andsmall company. [8]
(b) State the consequences of non-registration of a company. [7]
Q.3 Explain the steps for incorporation of company as per Companies Act,2013. [15]
OR
(a) Explain the effects of ultra vires transactions.(b) Explain the duties and liabilities of promoter.
[8][7]
Q.4 What is private placement?placement of securities.
Explain the rules regarding private[15]
OR
(a) Write the advantages of a private company. [8](b) How does Memorandum differs from Articles of Association? [7]
Q.5 Explain the meaning of "pre-incorporation contracts" and state theeffects of pre-incorporation contracts. [15]
OR
Write short notes on : (Any THREE)(1) Nomination(2) Transmission of Shares(3) Dissenting shareholder(4) Accounting Standards(5) Saloman V. Saloman and Co. Ltd. (1897) A.C22
MARKS: 75 Duration: 2"12 HoursQ.1 (A) Select the correct alternative and rewrite the sentence. [8]
(1) An output device that uses words or messages recorded on amagnetic medium to produce audio response is(a) Magnetic tape(b) Voice response unit(c) Voice recognition unit(d) Voice band
(2) Which of the following is internal memory?(a) Disks(b) Pen Drives(c) RAM(d) CDs
(4) What is internet?(a) a single network(b) a vast collection of different networks(c) interconnection of local area networks(d) none of the mentioned
(5) Full form of URL is(a) Uniform Resource Locator(b) Uniform Resource Link(c) Uniform Registered Link(d) Unified Resource Link
(6) Which protocol is responsible to send e-mail?(a) POP3(b) SMTP(c) IMAP(d) UART
(7) By an intranet we mean(a) a LANof an organisation(b) a Wide Area Network connecting all branches of anorganisation(c) a corporate computer network(d) a network connecting all computers of an organisationand using the internet protocol
(8) HTML stands for(a) Hyper Text Making Links(b) Hyper Text Markup Language(c) Higher Textual Marking of Links(d) Hyper Text Mixer of Links
SYBAF-ITj 1
Q.2 Answer these questions:(a) What is internet and types of internet connections?(b) What is URL?
[8][7]
(B) Fill in the blanks : [7](1) EMAILis a method of exchanging across the internet.(2) WWWstands for _(3) Payment using credit card is one of most common mode of
(4) Sender and recipient must prove their identities to eachother is
(5) DNS stands for _(6) A virus is self program.(7) is an unsolicited email received by people.
OR
(c) Write difference between intranet and extranet. [8](d) What is e-payment system and give the name of some method?[7]
Q.3 Answer these questions:(a) What are various audit utility programs?(b) Explain Audit Methodologies.
[8][7]
OR
(c) Explain CAAT.(d) What are the categories of CAAT?
[8][7]
Q.4 Answer these questions:(a) What is digital signature?(b) What is cyber security?
[8][7]
(c) Explain cyber crimes.(d) What do you understand by ITAct, 2000?
[8][7]
OR
Q.5 Answer these questions:(a) Explain online registration process of PAN.(b) Explain registration process of Service Tax.
[8][7]
OR
Write short notes on any THREE:(a) Explain MVAT.(b) What is ACES?(c) What do you understand by PAN?(d) What is TAN?(e) Write instruction for e-application,~T~T~T~
