University Of Pune Question Paper
M.Com. (Semester – I) Examination, 2013
MANAGEMENT ACCOUNTING
(2008 Pattern) (Compulsory Paper)
Time : 3 Hours Max. Marks : 100
Instruction : All questions are compulsory and carry equal marks.
1. Explain the term Management Accounting. Distinguish between Management
Accounting and other forms of accounting.
OR
1. What do you mean by analysis of financial statements ? Explain the methods
and significance of analysis.
2. Following are the Balance Sheets of RPG Limited as on 31st March, 2011 and 31st
March, 2012.
Liabilities 31-3-11 31-3-12 Assets 31-3-11 31-3-12
Equity share Capital 3,00,000 4,50,000 Goodwill 1,15,000 90,000
9% Redeemable Land and Building 2,00,000 1,70,000
Preference share Plant 80,000 2,00,000
Capital 1,50,000 1,00,000 Stock 75,000 1,09,000
General Reserve 40,000 70,000 Sundry Debtors 1,80,000 2,20,000
Profit and Loss A/c 30,000 48,000 Bills Receivable 20,000 30,000
Sundry creditors 55,000 33,000 Cash in hand 15,000 10,000
Bills payable 20,000 16,000 Investments
(short term) 10,000 8,000
Provision for doubtful
debts 18,000 20,000
Proposed Dividend 42,000 50,000
Provision for Taxation 40,000 50,000
6,95,000 8,37,000 6,95,000 8,37,000
You are required to prepare Fund Flow Statement with necessary working after
considering the following information.
1) Rs. 45,000/- was provided for tax during the year.
2) Depreciation charged on plant Rs.10,000/- and on Land and Building
Rs. 20,000/-.
3) Plant purchased during the year was paid partly by issuing fully paid equity
shares of Rs. 1,00,000/- and the balance was paid in cash.
4) An Interim Dividend of Rs. 20,000/- was paid during the year.
5) 9% Redeemable preference shares were redeemed at a premium of 5%.
6) A piece of land was sold at a profit of Rs. 8,000/-
3. A company having a net working capital of Rs. 2,80,000/- as on 30th June 2012
indicates the following Financial ratios and performance figures.
Current ratio 2.4
Liquid ratio 1.6
Inventory turnover 8
Gross profit 20%
Average debt collection period 1.5 months
The company’s fixed assets are equivalent to 90% of its net worth while reserves
amounted to 40% of share capital.
Prepare the Balance Sheet of company as on 30th June, 2012 showing step by
step calculations.
OR
3. What is working capital ? Enumerate the various factors which affect the demand
of working capital in modern business.
4. A proforma cost sheet of a company provides the following particulars.
The expected ratios of cost to selling price are
Material 40%
Direct wages 20%
Overheads 20%
Following further information is available.
1) Level of activity 2,00,000 units.
2) Selling price per unit is Rs. 12/-
3) Raw materials are expected to remain in stores for an average period of one
month.
4) Materials will be in process, on an average half a month.
5) Finished Goods are required to be in stock for an average period of one
month.
6) Credit allowed to customers is two months.
7) Credit allowed by suppliers is one month.
8) Lag in payment of overheads is one month.
9) Lag in payment of wages is half a month.
You may assume that production and sales follow a consistent pattern.
Findout the working capital assuming a 10% margin for contingencies.
OR
4. What do you understand by Responsibility Accounting ? Explain its structure,
objectives and advantages in the modern business.
5. Write detailed notes on any two of the following :
1) Scope of Management Accounting.
2) Limitations of Ratio Analysis.
3) Cash Flow Statement.
———————
M.Com. (Semester – I) Examination, 2013
MANAGEMENT ACCOUNTING
(2008 Pattern) (Compulsory Paper)
Time : 3 Hours Max. Marks : 100
Instruction : All questions are compulsory and carry equal marks.
1. Explain the term Management Accounting. Distinguish between Management
Accounting and other forms of accounting.
OR
1. What do you mean by analysis of financial statements ? Explain the methods
and significance of analysis.
2. Following are the Balance Sheets of RPG Limited as on 31st March, 2011 and 31st
March, 2012.
Liabilities 31-3-11 31-3-12 Assets 31-3-11 31-3-12
Equity share Capital 3,00,000 4,50,000 Goodwill 1,15,000 90,000
9% Redeemable Land and Building 2,00,000 1,70,000
Preference share Plant 80,000 2,00,000
Capital 1,50,000 1,00,000 Stock 75,000 1,09,000
General Reserve 40,000 70,000 Sundry Debtors 1,80,000 2,20,000
Profit and Loss A/c 30,000 48,000 Bills Receivable 20,000 30,000
Sundry creditors 55,000 33,000 Cash in hand 15,000 10,000
Bills payable 20,000 16,000 Investments
(short term) 10,000 8,000
Provision for doubtful
debts 18,000 20,000
Proposed Dividend 42,000 50,000
Provision for Taxation 40,000 50,000
6,95,000 8,37,000 6,95,000 8,37,000
You are required to prepare Fund Flow Statement with necessary working after
considering the following information.
1) Rs. 45,000/- was provided for tax during the year.
2) Depreciation charged on plant Rs.10,000/- and on Land and Building
Rs. 20,000/-.
3) Plant purchased during the year was paid partly by issuing fully paid equity
shares of Rs. 1,00,000/- and the balance was paid in cash.
4) An Interim Dividend of Rs. 20,000/- was paid during the year.
5) 9% Redeemable preference shares were redeemed at a premium of 5%.
6) A piece of land was sold at a profit of Rs. 8,000/-
3. A company having a net working capital of Rs. 2,80,000/- as on 30th June 2012
indicates the following Financial ratios and performance figures.
Current ratio 2.4
Liquid ratio 1.6
Inventory turnover 8
Gross profit 20%
Average debt collection period 1.5 months
The company’s fixed assets are equivalent to 90% of its net worth while reserves
amounted to 40% of share capital.
Prepare the Balance Sheet of company as on 30th June, 2012 showing step by
step calculations.
OR
3. What is working capital ? Enumerate the various factors which affect the demand
of working capital in modern business.
4. A proforma cost sheet of a company provides the following particulars.
The expected ratios of cost to selling price are
Material 40%
Direct wages 20%
Overheads 20%
Following further information is available.
1) Level of activity 2,00,000 units.
2) Selling price per unit is Rs. 12/-
3) Raw materials are expected to remain in stores for an average period of one
month.
4) Materials will be in process, on an average half a month.
5) Finished Goods are required to be in stock for an average period of one
month.
6) Credit allowed to customers is two months.
7) Credit allowed by suppliers is one month.
8) Lag in payment of overheads is one month.
9) Lag in payment of wages is half a month.
You may assume that production and sales follow a consistent pattern.
Findout the working capital assuming a 10% margin for contingencies.
OR
4. What do you understand by Responsibility Accounting ? Explain its structure,
objectives and advantages in the modern business.
5. Write detailed notes on any two of the following :
1) Scope of Management Accounting.
2) Limitations of Ratio Analysis.
3) Cash Flow Statement.
———————
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