Bharathidasan University 2009 M.B.A Barathidasan University Management Accounting - Question Paper

(or)
(b). From the subsequent information, prepare a balance sheet. Show the workings.
(i) working capital Rs.75,000 (ii) Reserves and surplus Rs.1,00,000 (iii) Bank overdraft Rs.10,000
(iv) Current ratio - 2.5 (v) Liquid ratio - 1.5 (vi) Fixed assets to proprietor’s fund 0:75
(vii) Long term liabilities – Nil.

18. (a). From the subsequent balance sheets of X ltd. on 31st December, 2005 and 2006, you are needed to prepare.
(i) A schedule of modifications in working capital and (ii) A funds flow statement
Liabilities 2005 Rs. 2006 Rs. Assets 2005 Rs. 2006 Rs. Share capital Reserve Profit and loss Creditors Bills payable Prov.for tax Prov.for doubtful debts.
1,00,000 14,000 16,000 8,000 1,200 16,000 400 1,00,000 18,000 13,000 5,400 800 18,000 600
Goodwill Building Plant Investments Stock Bills receivable Cash at bank
12,000 40,000 37,000 10,000 30,000 2,000 6,600 12,000 36,000 36,000 11,000 23,400 3,200 15,200
1,55,600 1,55,800 1,55,600 1,55,800
The subsequent additional info has also been given:
(i) Depreciation charged on plant was Rs.4,000 and on building Rs.4,000
(ii) Provision for taxation of Rs.19,000 was made during the year 2006.
(iii) Interim dividend of Rs.8,000 was paid during the year 2006.
(or)

(b). The balance sheets as on 31st December 2006 and 2007 are as follows:
Liabilities 2006 Rs. 2007 Rs. Assets 2006 Rs. 2007 Rs. Share Capital Debentures Creditors Prov. for debts Profit & Loss A/c 70,000 12,000 10,360 700 10,040 74,000 6,000 11,840 800 10,560 Cash Debtors
Stock Land Good will 9,000 14,900 49,200 20,000 10,000 7,800 17,700 42,700 30,000 5,000 1,03,100 1,03,200 1,03,100 1,03,200 Additional Information: (i). Dividend Paid Rs.3,500, (ii). Land was purchased Rs.10,000, (iii) Good will written off Rs.5,000, and (iv) Debentures redeemed Rs.6,000. Prepare a Cash Flow Statement.

19. (a). (a). The sales turnover and profit during 2 years were as follows:
Period Sales (Rs.) Profit (Rs.) one 1,40,000 15,000 two 1,60,000 20,000
Calculate: (i) P/V Ratio, (ii) Break-Even Point,(iii) Fixed Expenses and (iv) Profit when sales are Rs.1,20,000. (or) (b). From the subsequent figures, calculate: (i) Contribution (ii) Profit quantity Ratio (iii) Break Even Sales (iv) Margin of Safety and (v) Sales to earn a profit of Rs.1,20,000
Sales Rs. 6,00,000; Variable costs-Rs.3,75,000; Fixed Costs – Rs.1,80,000.

20. (a). The subsequent info relates to a flexible budget at 60 % capacity. obtain out the overhead costs at 50 % and 70 % capacity and also determine the overhead rates:
Expenses at 60% capacity. Variable overheads: Rs. Indirect Labour 10,500 Indirect materials 8,400
Semi Variable Overheads: Repairs and Maintenance (70% Fixed) 7,000 Electricity (50% fixed, 50% Variable) 25,200 Fixed Over heads: Office expenses including salaries 70,000 Insurance 4,000
Depreciation 20,000 Estimated direct labour hours 1,20,000.
(or)
(b). Prepare a cash budget for months of March to August 2000 are as follows:
Months Sales(credit) Rs. Purchase (Credit ) Rs. Wages (Rs.) Manufacturing expenses (Rs.) Admin. Expenses (Rs.) Selling expenses (Rs.)
March 60000 36000 9000 3500 2000 4000
April 62000 38000 8000 3750 1500 5000
May 64000 33000 10000 4000 2500 4500
June 58000 35000 8500 3750 2000 3500
July 56000 39000 9500 5000 1000 3500
August 60000 34000 8000 5200 1500 4500
You are provided th e subsequent further information:
a) Plant costing Rs. 16,000 is due for delivery in June payable 10% on delivery and the balance after 3 months.
b) Advance tax of Rs 8,000 is payable in March and June every.
c) Creditors allow two months credit and debtors are paying in 1 month late.
d) Opening balance of cash Rs. 8,000.
e) Lag of 1 month in expenses.

Earning:   Approval pending.