University Of Pune Question Paper
SYMCA (Engg. Faculty)
FINANCIAL ACCOUNTING & MANAGEMENT
(Semester - III) (2008 Pattern)(Elective-I) (610903)
MAY 2013 EXAMINATIONS
Time: 3 Hours] [Max. Marks : 70]
Instructions to the candidates:
1) All questions are compulsory.
2) Answers to the two sections should be written in separate answer books.
3) Neat diagrams must be drawn wherever necessary.
4) Figures to the right side indicate full marks.
5) Assume Suitable data if necessary.
SECTION I
Q1) a) Explain the concept of Subsidiary Book. Explain Cash book. [6]
b) Explain the concept of classification of Accounts with suitable examples. [6]
OR
Q2) a) Explain the use of Bank Book. Explain the concept of Reconciliation of bank
book.
[6]
b) Record the following transactions in a Journal.
Transactions:
1/3/13 Purchase goods from Deepak worth Rs. 12,000 on credit.
2/3/13 Purchase goods from Deepak worth Rs. 11,000 for cash.
2/3/13 Sold Goods to Kedar on Credit Rs. 12000/-
3/3/13 Sold Goods to Rajendra Rs. 2000/- for cash.
4/3/13 Purchased Electronic Weighing Machine & Table with Chair for Rs.
9500/- from Mr. Shah.
5/3/13 Purchased Flooring Mats for Rs. 1000/-.
11/3/13 Received Cash Rs. 6000/- from Kedar & Cheque for Rs. 6000/-
12/3/13 Paid Rs. 5000 in Cash & 5000 by cheque to Deepak.
18/3/13 Paid Salary to receptionist Mona Rs. 3000/-
22/3/13 Paid Office Rent Rs. 5000/-
25/3/13 Paid House Rent Rs. 3000/-
28/3/13 Distributed Sample Goods of Rs. 500/- as free samples for advertisement.
[6]
Q3) a) Explain the Concept of holding Cash & Cash Budget. [6]
b) Explain the any 2 Ratios used for finding return on Investment [5]
OR
Q4) a) From the following details of Living Life Medicare Ltd. Calculate Current &
Liquid Ratio
Assets - Stock - Rs. 25,88,000/-, Debtors - Rs. 20,64,000/-, Cash - Rs.5,54,000/.
Fixed Assets – Rs. 9,80000/-, Current Liabilities – Rs. 22,52,000/-,
Gross Profit- Rs. 12,52,000/-, Net Profit – Rs. 5,34,000/-
[6]
b) Explain the elements of cost and further explain any 2 of them. [5]
[4366]-303 Page 2 of 3
Q5) a) Explain the estimation of Working Capital requirements and elaborate on
financing of it.
[6]
b) Explain with figure the concept of Operation Cycle in the context of seasonal
Fruit business.
[6]
OR
Q6) a) Explain the concept of working capital requirement for a vegetable reseller &
explain components of it.
[6]
b) Calculate the working capital requirements using following details.
The management of Sarda Toothpaste Ltd has called for a statement showing
working Capital needed to produce 3 Lakh units of output for the year 2013-14.
The cost structure of the company’s product for this level of production is as
given below:-
Details of Cost type Cost per Unit (Rs.)
Raw Material 20
Direct Labour 5
Overheads 15
Total Cost 40
Profit 10
Selling Price 50
Post trends indicate that the raw materials are held in stock, on an average, for
two months. Work in progress (50% complete) will approximate to half a
month’s production and finished goods will remain in stock on an average for a
month. Suppliers extend a month’s credit and Debtors are normally allowed 2
months of credit. Minimum cash balance of Rs. 50,000/- is expected to be
maintained. The production pattern is assumed to be even throughout the year.
Prepare working capital statement.
[6]
SECTION II
Q7) Explain how a project is evaluated for finding out its Capital Budget needs. [12]
OR
Q8) Explain any 3 of the following with example.
a) Importance of Capital Budgeting.
b) Kinds of Capital Budgeting Decisions.
c) Average Rate of Return method.
d) Payback period calculation for unequal period.
[12]
Q9) The KBC Entertainment Ltd has current earnings of Rs. 1.5 Crores. The numbers
of shares are 12 Lakh. The market price of share as on 31.3.2013 is Rs. 2000 and
growth rate of dividends is estimated at 10%.Compute the cost of equity capital.
[11]
OR
Q10) a) Explain the different Types Costs in the context Cost of Capital. [6]
b) Explain Cost of Capital and its importance. [5]
[4366]-303 Page 3 of 3
Q11) Explain the following with reference to Tally Software (any 3)
a) Debit note
b) Credit Note
c) Purchase order
d) Sales Order
[12]
OR
Q12) a) Explain the process of creating accounts of 3 subsidiary companies of a
Company in Tally Software.
[6]
b) Explain the process of generating Cash Book, bank book and stock ledger in
Tally Software.
[6]
SYMCA (Engg. Faculty)
FINANCIAL ACCOUNTING & MANAGEMENT
(Semester - III) (2008 Pattern)(Elective-I) (610903)
MAY 2013 EXAMINATIONS
Time: 3 Hours] [Max. Marks : 70]
Instructions to the candidates:
1) All questions are compulsory.
2) Answers to the two sections should be written in separate answer books.
3) Neat diagrams must be drawn wherever necessary.
4) Figures to the right side indicate full marks.
5) Assume Suitable data if necessary.
Q1) a) Explain the concept of Subsidiary Book. Explain Cash book. [6]
b) Explain the concept of classification of Accounts with suitable examples. [6]
OR
Q2) a) Explain the use of Bank Book. Explain the concept of Reconciliation of bank
book.
[6]
b) Record the following transactions in a Journal.
Transactions:
1/3/13 Purchase goods from Deepak worth Rs. 12,000 on credit.
2/3/13 Purchase goods from Deepak worth Rs. 11,000 for cash.
2/3/13 Sold Goods to Kedar on Credit Rs. 12000/-
3/3/13 Sold Goods to Rajendra Rs. 2000/- for cash.
4/3/13 Purchased Electronic Weighing Machine & Table with Chair for Rs.
9500/- from Mr. Shah.
5/3/13 Purchased Flooring Mats for Rs. 1000/-.
11/3/13 Received Cash Rs. 6000/- from Kedar & Cheque for Rs. 6000/-
12/3/13 Paid Rs. 5000 in Cash & 5000 by cheque to Deepak.
18/3/13 Paid Salary to receptionist Mona Rs. 3000/-
22/3/13 Paid Office Rent Rs. 5000/-
25/3/13 Paid House Rent Rs. 3000/-
28/3/13 Distributed Sample Goods of Rs. 500/- as free samples for advertisement.
[6]
Q3) a) Explain the Concept of holding Cash & Cash Budget. [6]
b) Explain the any 2 Ratios used for finding return on Investment [5]
OR
Q4) a) From the following details of Living Life Medicare Ltd. Calculate Current &
Liquid Ratio
Assets - Stock - Rs. 25,88,000/-, Debtors - Rs. 20,64,000/-, Cash - Rs.5,54,000/.
Fixed Assets – Rs. 9,80000/-, Current Liabilities – Rs. 22,52,000/-,
Gross Profit- Rs. 12,52,000/-, Net Profit – Rs. 5,34,000/-
[6]
b) Explain the elements of cost and further explain any 2 of them. [5]
[4366]-303 Page 2 of 3
Q5) a) Explain the estimation of Working Capital requirements and elaborate on
financing of it.
[6]
b) Explain with figure the concept of Operation Cycle in the context of seasonal
Fruit business.
[6]
OR
Q6) a) Explain the concept of working capital requirement for a vegetable reseller &
explain components of it.
[6]
b) Calculate the working capital requirements using following details.
The management of Sarda Toothpaste Ltd has called for a statement showing
working Capital needed to produce 3 Lakh units of output for the year 2013-14.
The cost structure of the company’s product for this level of production is as
given below:-
Details of Cost type Cost per Unit (Rs.)
Raw Material 20
Direct Labour 5
Overheads 15
Total Cost 40
Profit 10
Selling Price 50
Post trends indicate that the raw materials are held in stock, on an average, for
two months. Work in progress (50% complete) will approximate to half a
month’s production and finished goods will remain in stock on an average for a
month. Suppliers extend a month’s credit and Debtors are normally allowed 2
months of credit. Minimum cash balance of Rs. 50,000/- is expected to be
maintained. The production pattern is assumed to be even throughout the year.
Prepare working capital statement.
[6]
SECTION II
Q7) Explain how a project is evaluated for finding out its Capital Budget needs. [12]
OR
Q8) Explain any 3 of the following with example.
a) Importance of Capital Budgeting.
b) Kinds of Capital Budgeting Decisions.
c) Average Rate of Return method.
d) Payback period calculation for unequal period.
[12]
Q9) The KBC Entertainment Ltd has current earnings of Rs. 1.5 Crores. The numbers
of shares are 12 Lakh. The market price of share as on 31.3.2013 is Rs. 2000 and
growth rate of dividends is estimated at 10%.Compute the cost of equity capital.
[11]
OR
Q10) a) Explain the different Types Costs in the context Cost of Capital. [6]
b) Explain Cost of Capital and its importance. [5]
[4366]-303 Page 3 of 3
Q11) Explain the following with reference to Tally Software (any 3)
a) Debit note
b) Credit Note
c) Purchase order
d) Sales Order
[12]
OR
Q12) a) Explain the process of creating accounts of 3 subsidiary companies of a
Company in Tally Software.
[6]
b) Explain the process of generating Cash Book, bank book and stock ledger in
Tally Software.
[6]
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