Total No. of Questions : 4] SEAT No.

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PA-1907

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S.Y. B.B.A.

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B-305 : MANAGEMENT ACCOUNTING

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(2019 Pattern) (Semester - III)
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Time : 2½ Hours] [Max. Marks : 50
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Instructions to the candidates :

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1) All questions are compulsory.

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2) Figures to the right indicate full marks.

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Q1) a) Fill in the blanks. [5]

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i) Dividends can be paid only out of _______ reserves.

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ii) The ideal current ratio is _______.

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iii) Net worth = Equity Shares + _________ + Reserves & Surplus.

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iv) Full form of EPS is __________.
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v) Inventory is a ________ asset.

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b) Write short notes on (Any 2). [10]

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i) Distinguish between Financial Accounting & Cost Accounting.

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ii) Functions of Management Accounting.

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iii) Fixed & Flexible Budget.

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Q2) Discuss the techniques of Financial Statement analysis. [15]

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The following Trading & P & L A/c & Balance Sheet of Premium Enterprises
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for year ended 31 March 2022.

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Trading & P & L A/c

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Particulars Amount Rs. Particulars Amount Rs.

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To Opening Stock 1,45,000 By Sales 7,50,000

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To Purchases 6,10,000 By Closing Stock 1,55,000

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To Gross Profit C/d 1,50,000

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9,05,000 9,05,000
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To Expenses 80,000 By Gross Profit c/d 1,50,000

To Net Profit 70,000
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1,50,000 1,50,000
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 Balance Sheet

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Liabilities Amount Rs. Assets Amount Rs.

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Share Capital 7,00,000 Fixed Assets 5,50,000

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Reserves & Surplus 1,20,000 Stock 1,55,000

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Bank Overdraft 35,000 Debtors 80,000

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Creditors 1,50,000 Cash 2,20,000

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1 10,05,000 10,05,000
Calculate :
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a) Current Ratio
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b) Liquid Ratio
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c) Gross Profit Ratio

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d) Stock turnover Ratio

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Q3) From the following information of SK Ltd, Calculate [10]

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a) Contribution
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b) BEP in units
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c) Margin of Safety
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d) Volume of sales to earn profit of Rs. 600

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Total Fixed Costs : Rs. 4,500, Total variable Costs Rs. 7,500, Total Sales :
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Rs. 15,000; units sold 5,000 units.

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Q4) Prepare cash budget for KJ Enterprises from March to August 2021. tic[10]
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Month Sales Selling Expenses Purchases Wages Factory Expenses Admin Expenses
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January 1,70,000 7,000 80,000 15,000 10,000 5,000

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February 1,60,000 7,500 84,000 16,000 11,000 5,500

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March 1,82,000 6,500 83,000 16,800 8,000 4,500

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April 1,55,000 6,800 83,000 12,000 10,500 4,750

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May 1,65,000 7,400 76,000 18,000 12,000 5,400

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June 2,00,000 7,000 68,000 16,000 9,600 5,700

July 1,80,000 6,000 70,000 17,000 8,000 5,000
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August 2,20,000 5,500 56,000 16,500 9,600 5,500

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 Additional Information :

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a) Opening cash balance was Rs. 20,000

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b) Period of credit allowed to customers & by suppliers 1 month

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c) Lag in payment of factory, admin & selling expenses is 1 month

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d) Machine purchased for Rs. 30,000 in March paid immediately.

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e) Building purchased in April Rs. 1,50,000 paid half in May & half in July.

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f) 5% Commission on Sales payable after 2 months of sales.
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State the format of Balance Sheet as per Companies Act 2013.

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