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    Sambhram Institute of Technology, Bangalore Department of Management Studies and Research MBA I Sem - III Internal Exams, December, 2014

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    This document contains an exam for a management accounting course, including multiple choice and long answer questions. In part A, students are asked to calculate current assets and inventory given ratios for a company's current and liquid ratios and working capital amount. Part B asks students to calculate ratios from financial information provided. Part C defines and differentiates a funds flow statement from a cash flow statement, and discusses limitations of cash flow statements. Part D provides income statements for two years and balance sheet information for a company in two years, and asks students to prepare a cash flow statement based on this information and additional transactions that occurred.

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    Sambhram Institute of Technology, Bangalore Department of Management Studies and Research MBA I Sem - III Internal Exams, December, 2014

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    ravi_nyse
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    This document contains an exam for a management accounting course, including multiple choice and long answer questions. In part A, students are asked to calculate current assets and inventory given ratios for a company's current and liquid ratios and working capital amount. Part B asks students to calculate ratios from financial information provided. Part C defines and differentiates a funds flow statement from a cash flow statement, and discusses limitations of cash flow statements. Part D provides income statements for two years and balance sheet information for a company in two years, and asks students to prepare a cash flow statement based on this information and additional transactions that occurred.

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    This document contains an exam for a management accounting course, including multiple choice and long answer questions. In part A, students are asked to calculate current assets and inventory given ratios for a company's current and liquid ratios and working capital amount. Part B asks students to calculate ratios from financial information provided. Part C defines and differentiates a funds flow statement from a cash flow statement, and discusses limitations of cash flow statements. Part D provides income statements for two years and balance sheet information for a company in two years, and asks students to prepare a cash flow statement based on this information and additional transactions that occurred.

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    Download as docx, pdf, or txt
    231 views2 pages

    Sambhram Institute of Technology, Bangalore Department of Management Studies and Research MBA I Sem - III Internal Exams, December, 2014

    Uploaded by

    ravi_nyse
    This document contains an exam for a management accounting course, including multiple choice and long answer questions. In part A, students are asked to calculate current assets and inventory given ratios for a company's current and liquid ratios and working capital amount. Part B asks students to calculate ratios from financial information provided. Part C defines and differentiates a funds flow statement from a cash flow statement, and discusses limitations of cash flow statements. Part D provides income statements for two years and balance sheet information for a company in two years, and asks students to prepare a cash flow statement based on this information and additional transactions that occurred.

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    SAMBHRAM INSTITUTE OF TECHNOLOGY, BANGALORE

    Department of Management Studies and Research


    MBA I Sem -III Internal Exams, December, 2014
    Subject
    : Accounting for Manaers
    mns
    Subject Code
    : 14MBA13
    1.
    2.
    1.

    2.

    Time : 1:15
    Marks: 30

    Part A (3 Marks)
    Answer any one question
    Infosys Ltd has a current ratio of 2.5 & liquid ratio of 1.5. If working capital is Rs. 1,00,000
    Ascertain current assets and inventory.
    Current ratio is 3.75 Acid test ratio is 1.25, stock Rs.3,75,000 calculate working capital.
    Part B (7 Marks)
    Answer any one question
    From the following information find out as many as ratios?
    Current ratio =2.5
    Quick ratio
    =1.5
    Net working capital
    = 3,00,000
    Stock turnover ratio
    = 6 times
    (COGS/Closing stock)
    Gross Profit Ratio
    =20%
    Total Assets turnover ratio = 2 times
    Debtors turnover ratio = 2 months
    From the following profit and loss account of Sadiq Company Ltd., for the year ended 2003 and
    2004, you are required to prepare a comparative income statement.
    Particulars
    2003
    2004
    Particulars
    2003
    2004
    To Cost of goods
    6,00,000
    7,50,000
    By Net sales
    8,00,000
    10,00,000
    sold
    To Operating Exp:
    20,000
    20,000
    Admn
    Selling
    30,000
    40,000
    To Net Profit

    1,50,000
    1,90,000
    8,00,000
    8,00,000
    Part C (10 Marks)

    8,00,000

    8,00,000

    Answer the following Question:What is Funds flow statement? How do you differentiate the cash flow statement and funds flow
    statement? Limitations of Cash flow statement?

    Part-D (10 Marks)


    Answer the following question
    Answer the following question
    Liabilities
    2010
    2011
    Assets
    Share capital
    2,00,000
    2,50,000
    Land &
    Buildings
    General
    50,000
    60,000
    Machinery
    Reserve
    Profit & Loss 30,500
    30,600
    Stock
    A/c
    Bank Loan
    70,000
    ---Sundry debtors
    (Long Term)
    Sundry
    1,50,000
    1,35,200
    Cash
    Creditors
    Provision for
    30,000
    35,000
    Bank Balance
    Taxation
    Good will
    Total:
    5,30,000
    5,10,800
    Total

    2010
    2,00,000

    2011
    1,90,000

    1,50,000

    1,69,000

    1,00,000

    74,000

    80,000

    64,200

    500

    600

    -----

    600

    ---5,30,500

    5,000
    5,10,800

    Additional information: During the year ended 31-03-2011:


    1.Dividend of 23,000 was paid.
    2. Assets of another company were purchased for a consideration of 50,000 payable in shares. The assets
    purchased were stock 20,000, Machinery Rs.25,000
    3. Machinery was further purchased for Rs.8,000
    4. Depreciation written off machinery Rs.12,000
    5.Income tax provided during the year Rs.33,000
    6. Loss on sale of machinery Rs.200 was written off to general reserve.
    Prepare cash flow statement.

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