Download MU-(University of Mumbai or University of Bombay) MCA (Master of Computer Application) 2019 May 2nd Sem 54705 Financial Management Previous Question Paper
59241 Page 1 of 3
(3 Hours) Total Marks: 100
Please check whether you have got the right question paper.
Note : 1. Question No. 1 is compulsory.
2. Attempt any two questions from question no. 2-4
3. Attempt any two questions from question no. 5-7
4. Answer to questions should be grouped and written together.
5. Figures to the right indicate full marks assigned to the question.
Q.1 A From the following trial balance prepare Trading, Profit & Loss account and the
balance sheet of Mica & Sons for the year ended on 31st March, 2018.
Particulars Rs.
Advertisement 4,500
Furniture 22,500
Salaries 35,000
Bills receivable 20,000
Sundry creditors 20,000
Bank loan 1,00,000
Sundry debtors 10,000
Insurance premium 2,500
Sales 2,40,000
Drawings 1,000
Carriage outward 1,000
Purchases 25,000
Building 2,50,000
Sales return 500
Opening stock 50,000
Bad debts 750
Capital 2,86,750
Trade expense 1,250
Bank balances 1,25,000
Purchases return 8,250
Wages 2,500
Interest received 1,000
Plant and Machinery 1,00,000
Carriage inward 4,500
Closing stock is valued at Rs. 45,000
[10]
B Explain Causes of Disagreement Between Cash Book and Pass Book in Bank
Reconciliation statement.
[10]
Paper / Subject Code: 54705 / Financial Management
19F968895380187F5405CE39D22A2773
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19F968895380187F5405CE39D22A2773
59241 Page 2 of 3
Q.2 A. Journalize the following transactions in the books of Pin & Bros.
1
st
Nov : Invested Cash in business Rs 40,000/-
4
th
Nov : Purchased Goods for cash Rs 10,000/-
7
th
Nov : Goods sold for cash. Product worth Rs 20,000/- which includes
Trade Discount Rs 2,000/- and Cash Discount Rs 1,000/-
9
th
Nov : Took loan from Abha of Rs 2,000/-
10
th
Nov : Sold goods to Mr. Vada on credit Rs 10,000/-
12
th
Nov : Purchased Machinery worth Rs 1,00,000/-
14
th
Nov : Sold personal Motorcycle at Rs 10,000/-
19
th
Nov : Lost goods worth Rs 20,000/-
25
th
Nov : Mr. Vada paid cash
29
th
Nov : Paid to bank as cash against commission Rs 500/-
[10]
B. Explain Flexible and Master Budget in detail. [10]
Q.3 A Explain Meaning, Significance and Limitations of Ratio Analysis [10]
B Explain different cost elements in detail. [10]
Q.4 A. Prepare Cash Book with Discount, Cash and Bank as Column for Nov. 2018 of
M/s. Dida Bros.
1. Cash balance Rs. 40,000/- and bank balance Rs 50,000/-
2. Purchased goods from Zyan worth Rs.5,00,000/- on credit
4. Bank has charged Interest Rs.100/-
10. Purchased goods for Rs 70,000/- paid Rs 20,000/- by cash and rest by
cheque
14. Paid Wages by cheque Rs 5,000/-
16. Sale of Rs 20,000/- and received bearer cheque.
20. Sold goods for cash Rs 30,000/-
22. Dim has directly deposited cash in bank Rs 50,000/-
30. Deposit into bank all in excess of Rs.1,000/-
[10]
B. Explain Fixed capital and Working capital. [10]
Paper / Subject Code: 54705 / Financial Management
19F968895380187F5405CE39D22A2773
59241 Page 3 of 3
Q.5 A. Mat Ltd. gives the following Balance sheet. Compute both ratios.
? Liquid Ratio
? Solvency Ratio
Balance Sheet
Liabilities Rs. Assets Rs.
12% Debentures 6,00,000 Debtors 4,00,000
Reserve fund 2,00,000 Stock 10,00,000
Overdraft 2,00,000 Cash 2,00,000
Creditors 4,00,000 Fixed Assets 28,00,000
Equity share capital 30,00,000
Total 44,00,000 Total 44,00,000
[10]
B. Explain Cash and Fund flow in detail. [10]
Q.6 A. From the following forecasts of income and expenditure, prepare a cash budget for
the month Jan. to Mar 2019.
Nov? 18 Dec?18 Jan?19 Feb? 19 Mar?19
Expenses 2,000 5,000 2,000 1,000 2,000
Wages 1,000 2,000 3,000 4,000 5,000
Overhead 2,000 1,000 1,000 3,000 4,000
Cash
Sales
40,000 60,000 80,000 20,000 30,000
Purchases 10,000 10,000 10,000 10,000 10,000
1. Opening balance for Jan?19 is Rs 3,50,000/-
2. Delay in wages by two months
3. Expenses are to be realized in same month and rest all are delayed by
month.
[10]
B. Explain any five Determinants of Working Capital. [10]
Q.7 Write Short Note on (ANY FOUR)
i) Batch costing
ii) Accrued Income
iii) Unearned Income
iv) Further Bad Debts(FBD)
v) Liquid Assets
[20]
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Paper / Subject Code: 54705 / Financial Management
19F968895380187F5405CE39D22A2773
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This post was last modified on 05 February 2020