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University of Pune 2011 M.Com Accounting and Finance MCom COST AND MANAGEMENT AUDIT - Question Paper

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M. Com. exam COST AND MANAGEMENT AUDIT

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M.Com. (Part - II) Examination, 2011 Group - B : Advanced Cost Accounting and Cost System (Optional Paper) Paper - III : COST AND MANAGEMENT AUDIT (2002 Pattern) (Old)

Time : 3 Hours    Max. Marks : 100

Instructions : 1) Attempt all questions.

2)    All questions carry equal marks.

3)    Use of Non-Programmable calculator is allowed wherever necessary.

1.    Cost Audit can appropriately be called as an Efficiency Audit - Explain.    20

OR

Could the following persons be appointed as Cost Auditor of a company ? Briefly explain with your conclusion.

a)    A Cost Accountant in practice, holding part time employment in that company.

b)    A Firm of Cost Accountants, who are presently acting as internal auditors of that company.

c)    A Firm of Cost Accountants, who were retained in the previous year as consultants to install a costing system in that company.

d)    A firm of Cost Accountants, one of whose partner is a director of that company. 20

2.    Write short notes (Any four) :

a)    Social Audit

b)    Performance Audit

c)    Advantages of Cost Audit

d)    Liabilities of Cost Auditor

e)    Appointment of Cost Auditor.    20

OR

20


Distinguish management audit with cost audit and Financial Audit.

20


4.    Write short notes (any four) :

a)    Management Audit process

b)    Evaluation of MIS and control system.

c)    Advantages ofManagement Audit.

d)    Corporate service audit.

e)    Audit of special responsibilities of management.    20

5.    From the following information prepare the statement of Reconciliation of financial profit with that of costing profit.

Costing Information

Direct materials    Rs. 2,24,00,000

F.Y.O.H. Recovered    @ 20% on Prime Cost

Admn. O.H. Recovered    @ Rs. 24 per unit of production

Selling O.H.    @ Rs. 32 per unit sold.

D. Materials D. Labour

O.H. - Factory Admin.

Selling

Sales (12 lakh units)

Financial Information (Rs. in lakhs)

200 Bad Debts

16

8

4

40

8

96


80    Preliminary Expns.

64    Legal charges

200    Dividend Received

384    Interest received

a)    Profit before interest and taxation

b)    Working capital

c)    Capital Employed and

d)    Net worth.

A    Rs.

1)    Establishment Expenses    95,00,000

2)    Excise Duty    81,00,000

3)    Provision for Investment Reserve    50,000

4)    Profit before Appropriation    37,35,000

5)    Other Incomes    4,00,000

6)    Provision for Development Reserve    15,000

7)    Interest paid    30,00,000

8)    Provision for Taxation    10,00,000

9)    Cost of goods sold    5,40,00,000

10) Sales    9,75,00,000

B    Rs.

Net Fixed Assets    80,75,000 (Includes WIP 75,000)

Investments

Trade    25,000

Others    5,000

Current Liabilities Un-Secured Loans

Public Deposits Interest accrued

75.00.000

40.00.000 2,00,000

1,40,00,000

5,00,000

97.00.000 5,000

50.60.000 15,000

25.50.000

25.00.000 4,60,30,000


Secured Loans

Cash credits Term Loans Share capital Receipts of unpaid calls General reserve Development Reserve Investment Reserve Capital Reserve

M.Com. (Part - I) Examination, 2011 Group G : ADVANCED BANKING AND FINANCE (Optional Paper) Law and Practice of Banking (2002 Pattern) (Old)

Time : 3 Hours    Max. Marks : 100

Instructions : 1) All questions are compulsory.

2) All questions carry equal marks.

1.    Explain the provisions of the Banking Regulation Act, 1949 regarding :

a)    Powers of the Reserve Bank of India

b)    Restrictions on the business of banks.

OR

Explain the functions of the Reserve Bank of India as per Section 17 of the Reserve Bank of India Act, 1934.

2.    Explain the provisions of the Banking Regulation Act, 1949 as applicable to co-operative banks.

OR

Explain the provisions of the Foreign Exchange Management Act, 1999 regarding :

a)    Authorised person

b)    Export of goods and services.

3.    Who is a customer of a bank ? Explain the reasons of termination of banker customer relationship.

OR

Explain the following concepts :

a)    Garnishee order

b)    Bankers duty of secrecy of a customers account.

4. Explain various risks faced by a banker while managing his assets and liabilities.

OR

What is meant by a collecting banker ? Explain his rights and duties.

5. Write notes on any two :

a)    Capital adequacy

b)    Management of non-performing assets

c)    Instruments of liquidity management

d)    Payment in due course.

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M.C.A. (Commerce Faculty) (Semester - I) Examination, 2011

103 : PROGRAMMING FUNDAMENTALS (C Programming)

Time : 3 Hours    Max. Marks : 80

Instructions : 1) All questions are compulsory.

2)    All questions carry equal marks.

3)    Assume suitable data, if necessary.

1.    Attempt any four :    (4x4=16)

a)    Explain any four types of variables with example.

b)    Describe structure of C program.

c)    Explain any two types of operators in details.

d)    What is header file ? Explain any two header files with example.

e)    What is switch ( ) statement ? Explain use of it.

2.    Attempt any four :    (4x4=16)

a)    Write a C program to accept a four digit number from user and count zero, odd and even digits from the entered number.

b)    Write a C program to calculate x * y without using * operator.

c)    Write a C program to accept character and display its ASCII value and its next and previous character.

d)    Write a C program to check whether a given number is palindrome or not.

e)    Write a C program to display all perfect number between 1 to 100 by using function.

3.    Attempt any four :    (4x4=16)

a)    Which are the different parameter passing techniques in C ?

b)    What is array ? Explain different types of arrays.

c)    Explain indirection and address of operator in detail.

d)    Explain any four string functions with syntax.

e)    What is structure and what is use of structure in C ?

4. Trace the output (any four) :    (4x4=16)

a)    Void main( )

{

int i ;

for (i = 0 ; i < = 5 ; i + +) ; print f (%d, i) ; getch ( ) ;

}

b)    extern int a ; void main ( )

{

int a = 5 ;

{

int a = 10 ;

print f (%d, a++) ;

}

print f (%d, a) ; getch ( ) ;

}

c)    # include <stdio.h> int main ( )

{

int i = 1 ; switch (i)

{

print f (hello in) ; case 1 :

print f (Hi in) ; break ; case 2 :

print f (In Bye In) ; break ;

}

d)    # include <stdio.h> int main ( )

{

int i = 1 ;

i = 2 + 2 * i + + ; print f (%d, i) ; return 0 ;

}

e)    # include <stdio.h> int main ( )

{

int a = 0, b = 10 ; if (a = = 0)

{

print f (true) ;

}

else

{

print f (false) ;

}

return 0 ;

a)    Write a C program to create student structure having field roll-no, stud-name, class. Pass this entire structure to function and display the structure elements.

b)    Write a C program to accept two strings as command line arguments and display union of both the strings.

c)    Write a C program to accept 10 numbers from user, store these numbers in an array and find the smallest number from an array using pointer.

d)    Write a C program to calculate sum of the elements of lower triangle of a m x n matrix by using dynamic memory allocation.

e)    Write a program to encrypt the contents of one file into another file.

B/I/11/320

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5. Write short notes on (any 4) :

a)    Bibliography

b)    Types of Classification

c)    Advantages of Questionnaire

d)    Research Paper

e)    Research Topic

f)    Research problems in man-power planning.

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