Download BU (Bangalore University) MBA (Master of Business Administration) 1st Semester 2018 Feb Accounting Managers Question Paper
{CECE} {2014-15 and anerde}
MANAGEMENT
Papar- 1.3 : Amuuntlng fer Managers
Time : 3 Hours
SECTION - A
Answer any ?ve at the tellewing questions. Each queetien eerltee TIU?E meme :
{535:2515
t. wn f?e? window dressing ?3 Give examples.
2. List and exptatn in brief the verteue teehntquee ter eeet central and: east
reduction.
3. List the van'eue users at financial statements and state their tntermatienel
neede.
4. The tellewing details are provided for machinery ewned by Shiva Industriee
Ltd.
Beet ef machine He. ?B?????
Expected ueet?ut tite 10 years
Geneideratien expected on disposal Fte. 4.20.000
Eet'ri'nated euet of removal of the machine for disease] He. m.???
Estimated realizable value Fte. B.Et????
a} Determine the rate (at depreciation as per Straight Line Method.
L1} Deltermlne the annual depreetatten and eeeumulated depreciation for all the
years under Swaight Une Methed.
e] Show the dieeleeure of machine in the balance sheet terell the years.
P.T.D.
Fe - 1'5? .3 IIII II III
5. The budgeted expenses at 10,000 units e1 pmdue?en ere :
Per unit {Hm}
Direct materials ED
Direct labour 30
Variable evemeede 29
Fixed evemeade (He. 1 ?0,000) 16
Variable expenses {Direct} 5
Selling expenses {20% fixed} 15
Administra?en expenses {He 1.00.000 ?xed} 10
Tutu 150
Prepare ?exible budget for 1000 unite. ?
5. Yet: are given the following date :
Sales price Re. 350 per unit
1?.u|'eriel:nle eeet H5. 200 per unit
Fixed expenses Fte. 16.50.0011
Aeeerlaln
e] breek-even point;
In} selling price per unit if breeH-even paint is breught ugzl 10 15.000 units: and
:1 selling mice per unit i1 break-even point ie breught dawn to 10,000 units.
1'. Trensee?ene n1 Umni Gel] Company ferthe yearended en $.11It December 201 1'
include the feliewing :
He.
Elemed from a bank ant! pumhaeed land ll1,00,000
Sold investment securities E00000
Pafd diui?ende 3,00.000
IIIIIIIII .3. PG ? 7a?
Issued 50G equity shares ' 3.55301]
Purchased machinery and aquiprmnt 1,?5,?m
Bank 1nan paid ?.5?.D??
Paid accounts receivable nutstancling 1,??.???
Amounts payable increased 13mm
Calculate the Gnrnnanfs net cash fbnw used in inves?ng and ?nancing
activities.
SEGTIDH ? B
Answer analr three questions. Each quas?nn names tan marks : 1mm:
B. Explain in detail the various mutants and nnnvenliuns which in?uanna
the preparation 01! financial statements.
9. x Ltd.. has manufactured and said 3 products during 201? as 'fn'llnws :
Product X - 2mm units ?
Frnduct ?f - 140m units
Product 2 - 1mm un?s
Gust analysis has disclosed as fnllnws :
Par Unl'l
Prnduct I Praduct ?I" Prudunt Z
{Hm} {Flt} HI.
Marginal cost 10 13 1E
Listed price 20 30 4D
Timetakah {huurs} 2.5 3 2.5
Fixed cost - Fla. ammo
Dismunt ? 10%
Due tn shortage of Iahnur, the ava?ahla hours. for the next year are expected
to he nnnlyI snout: hnurs.
Fe ? ?er .4. IMIIIIIIJI
Suggest a suitable preduet ml: fer the next year.
a] when there is eneugh demand for all the three preduete; and
b] when the patential demand is
i} Pre?uet H - 1euee unlte
ii} Preduet Y ? 1WD unlte
' iii} Product 2 ? teem unite.
1D. Frern the tenewing information prepare Gash Flew Statement by Indirect Methed
[AS-III}.
Comparative Balanee Sheet
Excellent Ltd.
Llablll?u and M at As at Assets A9. at As at
Capital 31-34015 31-3-2015 " 31 -3-2I]15 31-3-3115
He. He. Fte. He.
Share capital 50.00.0043 4e,eeleee Fixed assets ELEMEEGG BEDD??D
Heeewee 15.??.??? 5.DU.DDIEI Investments Lemme
Secured Leena 35.13.0013 d????m Cash halanee 2.5011300 1.2511300
Sundry creditors ?????m 35.EHJ.DCHJ lneenteqr ?5.DD.DDD T3.?5.???
Ellie payable 2D.DD.DDD E?p???? Sundry demure ee,ee.eee EB.UU.DDD
Eille reeeivable 1e1ne.eee ?.meee
1,5?.??,??? 1,4530.? 1.SU,DD.UDIJ 1 35,011,013!
Addltiunnl infermatien :
i} The net profit fer the year after adjuetment in respect of pretrleiene fer
dividends and taxation is He. 1e.ee.eee.
ii} There was edditien tr:- ?xed assets during the 1weer ameunting te
H5. 4.??.??? and depreciatlen fer the yeerwee Re. 3,001DDD.
Mllllllllllllllllllllllllll .5? PG - 767
11. A company has furnished the following Ratios and Information for the year
ended 31" March 2016.
Sales Rs. 60,00,000
Current ratio 2
Share capital to reserves 7:3
Return on net worth 25%
Net profit to sales 6.25%
Inventory turnover (based on COGS) 12
Cost of goods sold Rs. 18,00,000
Interest on debentures Rs, 60,000
Sundry debtors Rs. 2.00.000
Sundry creditors Rs. 2.00.000
You are required to draw the Balance Sheet as at 31? March 2016 in the
tollowing format by supplying the missing ?gures.
Balance Sheet as at 31 " March 2016
Llabllltles Rs. Assets Rs.
Share capital ? Fixed assets ?
Reserve and surplus - Current assets ?
15% debentures ~ ? Stock -
Sundry creditors ? Debtors -
Cash -
PG ? 1'0? 4.:- IIIIIIII
SECTION ? 0
11115 is a cumpufmw quastfnn carrying flftaarn marks : {1 1:15:15}
12. Fallmaing is the Trial Balance of XVI Ltd. as 0n 31" March 2010.
Particulars Debit {Hm} credit {Fla}
Equity:r $hara capital 30.00.0013
1200 prafarenca share capital 20.00.000
Reserve fund 15.00.000
Buildings 50.00.0110
10% debentures 20.00.000
Plant and r11510hir1rem?1ur 20.00.0011
Purchase and sales 25.00.000 00.00.000
.Ealiilryr 5.00.000
0001005 and crediturs 23.00.0430 1150.000
Bills 0.00.000 0.00.000
Dlmcturs fess 2100.000
Bad clams 50.000
Fletums ' 1.50.000 2.00.000
Wages 1.50.000
Dpaning stock 4.50.000
Profit and L055 Account 0n 01-04?2015 0.00.000
Lmse tools 6.00.000
Gnadwill 3.00.000
Discount on 15500 of shares 2.00.000
Cash and bank balances 3.30.000
12% Investments {01-04-2015} 20.00.1000
Interest 0n invasimants 1.00.000
Tutal 1.01.30.000 1.31.30.000
IMIIMIIII -7-
Adjustments :
1.
??WN
6.
7.
Closing stock valued at Rs. 14,00,000.
Outstanding wages 'Rs. 25,000.
Debenture interest is outstanding for the whole year.
Write off Rs. 50,0001?urther bad debts.
Buildings and plant and machinery to be depreciated by 5% and 10%
respectively.
Transfer Rs. 250,000 to reserve.
The directors propose 15% dividend to equity shareholders.
You are required to prepare Profit and Loss Account and Balance Sheet as
on 31$t March 2016 in the vertical form as per Part | of Schedule VI of the
Companies Act, 1956.
This post was last modified on 28 January 2020