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Total No. of Pages: 5
Register Number: 6478
Name of the Candidate:
M.B.A. DEGREE EXAMINATION - 2011
(FIRST year)
(paper – II)
120. FINANCIAL AND MANAGEMENT ACCOUNTING
December) (Time: 3 Hours
Maximum: 75 Marks
SECTION - A
Answer any FIVE questions. (5 × 3 = 15)
2. / What is Net Present Value?
3. / Explain Financial Statement.
4. / List out three sources of funds.
5. / Explain CVP analysis.
6. / Define Budgetery Control.
7. / What are the objectives of preparing reports?
8. / What are the factors determine the working capital?
SECTION - B
Answer any THREE questions. (3 × 10 = 30)
10. / Explain in detail the different methods of Financial Statement Analysis.
11. / State the merits and demerits of Fund Flow Statement.
12. / Discuss the importance of Cash Budget in an organisation.
13. / What are the advantages and disadvantages of Marginal Costing?
SECTION - C
Answer any ONE question. (1 × 15 = 15)
(i)Current ratio 2.5
(ii)Liquid ratio 1.5
(iii)Liquid ratio (Fixed assets/ Proprietary fund) 0.75.
(iv)Working capital Rs. 1,20,000.
(v)Reserve and surplus Rs. 80,000.
(vi)Bank overdraft Rs. 20,000.
There is no long term loan or Fictitious Asset.
15. / The sales turnover and profit during two years were as follows:
Year / Sales (Rs.) / Profit (Rs.)
2009 / 14,00,000 / 1,50,000
2010 / 16,00,000 / 2,00,000
You are required to calculate (a) P/V Ratio; (b) Sales required to earn a Profit of
Rs. 4,00,000; (c) Profit when the Sales is Rs. 12,00,000.
16. / The Management of M/s. Reliance Ltd., is planning to invest Rs. 20 lakhs and Rs. 30 lakhs in Independent Project X, Y respectively. Net Profit After Tax (NPAT) are as follows:
Year / NPAT
Proposal X (Rs.) / NPAT
Proposal Y (Rs.)
1 / 2,00,000 / 3,50,000
2 / 2,50,000 / 3,50,000
3 / 3,00,000 / 4,00,000
4 / 3,00,000 / 4,50,000
5 / 3,50,000 / 5,00,000
6 / -- / 2,00,000
Expected Scrap Value / 50,000 / 70,000
Expected Life / 5 Years / 6 Years
Make the following assumptions:
1. Discount rate as 12%.
2. Depreciation under straight line method.
Calculate NPV and suggest
Present Value of Rs. 1 (12%) / 1 Year / 2 Year / 3 Year / 4 Year / 5 Year / 6 Year
0.893 / 0.797 / 0.712 / 0.636 / 0.587 / 0.507
SECTION - D
(Compulsory). (1 × 15 = 15)
Dr. / Cr.
Capital and drawings / 18,000 / 1,00,000
Buildings / 15,000 / --
Furniture and fittings / 7,500 / --
Motor Van / 25,000
Loan from Hari @ 12% interest / -- / 15,000
Interest paid on above / 900 / --
Sales and purchases / 75,000 / 1,00,000
Opening stock / 25,000
Establishment expenses / 15,000 / --
Wages / 2,000 / --
Insurance / 1,000 / --
Commission received / -- / 7,500
Debtors and creditors / 28,100 / 10,000
Bank Balance / 20,000 / --
2,32,500 / 2,32,500
Adjustment:
(1)Closing Stock as on 31.3.2010 was Rs. 32,000.
(2)Outstanding wages Rs. 500.
(3)Prepaid Insurance Rs. 300
(4)Commission received in advance Rs. 800
(5)Provide Depreciation on Building 2½%Furniture 10% and Motor van 10%
(6)Charge interest on Capital @ 10% and change interest on drawings Rs. 500.
Prepare Final Accounts.
jkpHhf;fk;
gFjp - m
VnjDk; Ie;J tpdhf;fSf;F tpilaspf;ft[k;.(5 × 3 = 15)
2. / bkhj;j jw;nghija kjpg;g[ vd;why; vd;d?
3. / epjp epiy mwpf;if vd;gij tpthpf;f.
4. / epjpaj;jpd; _d;W njhw;Wtha;f;fis tpthp.
5. / CVP (Cost Volume Profit) gFg;gpid tpsf;Ff.
6. / tut[ - bryt[ jpl;l fl;Lg;ghL - tiuaiw bra;f.
7. / mwpf;iffs; jahhpg;gjd; Fwpf;nfhs;fs; ahit?
8. / eilKiw _yjdj;ij KobtLf;Fk; fhuzpfs; ahit?
gFjp - M
VnjDk; _d;W tpdhf;fSf;F tpil mspf;f. (3 × 10 = 30)
10. / epjpepiy mwpf;if gFg;gpd; gy;ntW Kiwfis tpthp.
11. / epjp Xl;l mwpf;ifapd; rpwg;g[fs; kw;Wk; FiwghLfisf; Fwpg;gpLf.
12. / xU epWtdj;jpy; buhf;f tut[-bryt[ jpl;lj;jpd; (Cash Budget) Kf;fpaj;Jtj;ij tpsf;Ff.
13. / ,Wjpepiy mlf;ftpiy fzf;fpd; ed;ikfs; kw;Wk; FiwghLfs; ahit?
gFjp - ,
VnjDk; xU tpdhtpw;F tpil mspf;f. (1× 15 = 15)
(1) eilKjy; tpfpjk; 2.5
(2) ePh;ik tpfpjk; 1.5
(3) chpikahsh; tpfpjk; (epiy Kjy; + chpikahsh; epjp) 0.75
(4) eilKiw _yjdk; %. 1/20.000
(5) fhg;g[ kw;Wk; xJf;fPL %.80/000
(6) t';fp nky;tiug;gw;W %. 20/000.
ePz;l fhyf; flndh/ bgaust[ brhj;Jf;fnsh fpilahJ.
15. / fle;j ,uz;L Mz;Lfspy; tpw;gid kw;Wk; yhgk; fPH;f;f;zlthW ,Ue;jJ.
Mz;L / tpw;gid (%.) / yhgk; (%.)
2009 / 14,00,000 / 1,50,000
2010 / 16,00,000 / 2,00,000
eP';fs; fzf;fPL bra;a ntz;oaJ (m)P/v tpfpjk; (M) %. 4/00/000 yhgk; bgw njitahd tpw;gid mst[ (,) tpw;gid %. 12/00/000 MFnk Mdhy; fpilf;Fk; yhgk; (<) tpw;gid%. 12/00/000 vdpd; yhgk;.
16. / upiyad;!; ypkpbll; ,uz;L jdp jpl;l';fspy; Kiwna %. 20 yl;rk; kw;Wk; %. 30 yl;rk; KjyPL bra;a jpl;lkpLfpwJ. ,j;jpl;l';fs;/ jpl;lk; X kw;Wk; jpl;lk; Y MFk;. epfuyhgk; thpf;F gpd; (Net Profit after tax) fPH;f;fz;lthW mika[k;.
Mz;L / NPAT
jpl;lk X (%.) / NPAT
jpl;lk; Y (%.)
1 / 2,00,000 / 3,50,000
2 / 2,50,000 / 3,50,000
3 / 3,00,000 / 4,00,000
4 / 3,00,000 / 4,50,000
5 / 3,50,000 / 5,00,000
6 / -- / 2,00,000
gadw;wJ vd vhpa[k; nghJ kjpg;g[ / 50,000 / 70,000
Vjph;ghh;f;Fk; Ma[s; / 5 Mz;Lfs; / 6 Mz;Lfs;
fPH;f;fz;l mDkhd';fis bfhs;f
- js;Sgo tPjk; 12%
- nja;khdk; neh;nfhl;LKiw NPV-I fzf;fpl;L/ c';fs; ghpe;Jiaf; Twt[k;.
jw;nghija kjpg;g[ %. 1 = (12%) / 1 / 2 / 3 / 4 / 5 / 6
0.893 / 0.797 / 0.712 / 0.636 / 0.587 / 0.507
gFjp - <
(fl;lha tpdh). (1× 15 = 15)
gw;W / tut[
_yjdk; kw;Wk; vLg;g[ / 18,000 / 1,00,000
fl;l';fs; / 15,000 / --
miwfyd;fs; / 7,500 / --
nkhl;lhh; ntz; / 25,000
AhpaplkpUe;J fld; 12 tl;o tpfpjj;jpy; / -- / 15,000
nkw;fz;l flDf;F tl;o brYj;jpaJ / 900 / --
tpw;gid kw;Wk; bfhs;Kjy; / 75,000 / 1,00,000
bjhlf;f ruf;F / 25,000
epWtd bryt[fs; / 15,000 / --
Typ / 2,000 / --
fhg;gPL / 1,000 / --
js;Sgo bgw;wJ / -- / 7,500
fldhspfs; kw;Wk; fldPe;njhh;fs; / 28,100 / 10,000
t';fp ,Ug;g[ / 20,000 / --
2,32,500 / 2,32,500
rhpfl;ly;fs;:
(1) ,Wjp ruf;fpUg;g[ 31.3.2010 %. 32/000
(2) Typ epYit ghf;fp %. 500
(3) Kd;Tl;o brYj;jpa fhg;gPl;Lf; fl;lzk; %. 300
(4) Kd;Tl;ona bgw;w js;Sgo %. 800
(5) fl;llj;jpd; kPjhd nja;khdk; 2½%/ miwfyd; 10% nkYk; nkhl;lhh;ntd; 10%
MfpaitfSf;F tif bra;f.
(6) _yjd tl;o 10% nkYk; vLg;g[ kPjhd tl;o %. 500.
,Wjpf; fzf;Ffis jahh; bra;f.
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