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SARDAR PATEL UNIVERSITY
FY BBA Examination, II Semester
Thursday, Date 09-04-2015
Time: 2:30 to 4:30
Subject Code: UM02CBBB04/Uf'llo2.C.&P.,'FOl.
Subject Title: Cost. Management Accounting
Total Marks 60

Q-1 (a) What is Ratio Analysis? Give its Advantages. (08)

(b) Explain the Limitation of Financial Statements. (07)


OR

Q-1 (a) Following are the ratios of the trading activities of SWN Traders ltd.

Debtors' Velocity 3 months

Stock Velocity 8 months

Creditors' Velocity 2 months

Gross Profit Ratio 25%

Gross Profit for the year ended 31st December, 2013 amounts to Rs. 4,00,000.
Closing Stock of the year is RS.10,000 above the opening stock. Bills receivables amount
to RS.25,OOOand Bills Payable to Rs.10,000

Find out (a) Sales (b) Sundry Debtors (c) Closing stock (d) Sundry Creditors. (10)

(b) From the Following compute the Current Ratio and Super Quick Ratio. (05)

L-------- - --.------- __
..?!J_ndryger)tors
I Amount
40 000
L--
Sundr Creditors
IAf!1~Q~6t---
_ 20,090 __
_PrepaidExpense.s 20 000 Debentures JLQQ,OOO
Short term InvestrneJ:lt_s 10 000 Stock _~O.oO
Loose tools 5 000 Outstandin ex enses 20 000
Bills Pa alJJ~. .__ 10 000 Bank Overdraft 10,QOO

-}.-
-- 1 - _------"
CashI -...._-.-. 2011
Assets
180
Debtors
Goodwill
2012
Plant
18,800
16,200
8,800
24,000
48,000
2,520
43,000
8,500
15,500
74,000
Buildings
Q-2 Following Stock
8,000
13,000
25,500
25,000
are the 22,000
28,000
35,000
8,600
50,950
54,000
3,000
balance
. ..

150 sheets
..

2 100
---
1
of XYZ limited company -sooj
as on 31st March, 2011 and
I
Creditors ---_._-_
Bank
2012. Loan(long .. ,

Taking into account the following additional information, you are required to prepare funds
flow statement and statement of changes in working capital. (15)

a) Dividend paid was RS.6,000


b) RS.3600 was written off as depreciation on plant and Rs. 2,950 on buildings.
c) Profit on sale of plant was Rs. 3,000

OR
Q-2 From the following Balance Sheets of PQR CO.ltd., make out cash flow statement. (15)

_ ...
Assets'
liabilities 8,000
Stock
Goodwill
Bank
Debtors
2013
Cash
Bills
10,000
30,000
83,000 Balance
Receivable
on
Machineries
1,09,000
90,000
1,00,000
2,00,000
50,000
16,000
4,00,000
48,000
70,000
Land & 00
1,70,000 Hand
2012
15,000677000
3,00,000
1,15,000
1,50,000
42,000
77,000
40,000
1,60,000
30,000
10,000
8 0,000
55,000
20,000
12,00,000
Building
8% Redeemable
General
Proposed Reserve
Dividend 6770
Additional Information:
1) During the year 2012-13 depreciation charged was RS.l0,OOO on machineries and
Rs.30,OOOon land & Building.
2) Interim dividend paid during 2012-13 amounted to RS.20,OOO
3) Taxation paid during the year 2012-13 was Rs. 35,000

Q-3 (a) Differentiate between Financial Accounting, Cost Accounting & Management
Accounting (08)
(b) Give the Classification of Cost. (07)

OR
Q-3 The following information were received from the books of ABC Itd for the quarter
ending on 31st March, 2012.
-
-----
_.- _. - .',- ---

Stock of mate ard --------'.


enses 18,000
10,2001
Traveler's
Director's
Fuel. 2,00,000
Gas
Donations
22,400
4,54,000
Depreciation
1,40,000
Outstanding
Labour
Expenses
Manager's
Income
Office salaries
and
fees
16,06,580
9,000
58,200
welfare
of
18,300
16,000
expenses
Tax onwater 1400
and
-_._-
66,000
36,000
14,400
office
24,000
18,000
productive
salary
paidexpenses
stationery
22,700
35,800
16,000
9,200
rates,
mmission
rniture on31.3.2012
-_._-_._---
Stock of mate
1.1..2012
__
... -.."'._._-
....

Purchase of M

Travelling exp
Carriage inwa
Carriage
-._._---- outw
.__ ...

Depreciation
--------
Factory rent.,
insurance
Office rent, r
Showroom ex
Productive wa
I

Repairs of
machine,plant,jggJ.?_ -1 20,000 Sales
I wages 127.40.000 1

Prepare Cost Sheet, assuming manager devotes 2/3 of his time to factory. (15)

-.3-