Loyola College B.Com Corporate & Secretaryship Nov 2013 Management Accounting Question Paper PDF Download

State the objectives of Management Accounting.
Differentiate Management Accounting from Financial Accounting.
Discuss the uses of cash flow statement.
Bring the differences between Fund flow and Cash flow statement.
What is the significance of “Break Even Point”.
Analyze the limitations of “Ratio Analysis”
Calculate the EPS from the following data Net Profit before Tax Rs.50,000; Tax rate 50%, 10% Preference share capital (Rs.10 each) Rs.50,000. Equity share capital (Rs.10 each) Rs.50,000.
Calculate PV ratio from the following details

Year Sales (Rs) Profit of Loss

2005 2,40,000 20,000 (Loss)

2006 3,20,000 40,000 (Profit)

From the following data, calculate overhead cost and budgeted variances.

Budgeted Actual

Fixed OH Rs.3,00,000 3,20,000

Output in units 30,000 26,000

Working hours 75,000 60,000

A Factory produces 2 units of a commodity in one standard hour. Actual production during a particular year is 17,000 units and the budgeted production for the year is fixed at 20,000 units. Actual hours operated are 8,000 hrs. Calculate efficiency and activity ratios.

PART – B

Answer any FIVE questions (5 x 8 = 40 marks)

“Marginal Costing is a valuable aid for managerial Decisions”. Discuss.
Define Budgetary control and state its advantages.
Calculate cash from operations from the following

(i) Profit made during the year Rs.3,00,000 after considering the following items.

Depreciation of fixed assets Rs.20,000 b) Transfer to General Revenue Rs.10,
c) Amortization of good will Rs.10,000 d) Profit on sale of land Rs.7,000

(ii) The following is the position of current assets and current liabilities.

Particulars I year II year

Debtors 15,000 18,000

Creditors 20,000 10,000

Bills Receivable 7,000 5,000

Prepaid Expenses 10,000 7,000

From the following prepare a Balance sheet.
Working Capital Rs.75,000 b) Reserves and Surplus Rs.1,00,000 c) Bank overdraft Rs.60,000 d) Current Ratio: 1.75 e) Liquid Ratio: 1.15 f) Fixed Assets to Proprietor’s Fund 0.75 g) Long – term Liabilities – NIL.

From the following data which product would you recommend to be manufactured in a

factory, time being the key factor.

Particulars	Per unit of product A Rs.	Per unit of Product B Rs.
Direct material	24	14
Direct Labour @ Re 1 per hour	2	3
Variable overhead @ 2 p/h	4	6
Selling Price	100	110
Standard time to produce one units	2 hrs	3 hrs

You are required to prepare a selling overheads Budget from the estimates given below:

Advertisement Rs.1,000, Expenses of the Sales Department Fixed Rs.750 Salaries Rs.1,000;

Salaries and Dearness Allowance Rs.3,000 Commission at 1% on sales effected, Carriage

outwards; estimated at 5% sales, Agent commission 6.5% on sales.

The sales during the period were estimated as follows:

Rs.80,000 including Agent’s sales Rs.8,000

Rs.90,000 including Agent’s sales Rs.10,000

Rs.1,00,000 including Agent’s sales Rs.10,500.

The cost, volume and profit relationship of a company is described by equation

Y = Rs.3,00,000 + 0.7 X in which X represents sales and Y represents total cost. Find out

a) PV ratio b) B.E. sales c) Sales volume required to earn a profit of Rs.60,000
d) Sales volume when there is a loss of Rs.30,000.

The standard time and rate for one unit component are given below:
Stand hours 20 b) Standard rate Rs.5 per hour c) Actual data and related information are as under Actual production 1,000 units. Actual hours 20,500 hrs, Actual rate per hour Rs.4.80. Calculate labour variances.

PART – C

Answer any TWO questions (2 x 20 = 40 marks)

Following are the summarized balance sheets of Fire stone Ltd as on 31-03-05 and 31.03.06.

Liabilities	31.03.05	31.03.06	Assets	31.03.05	31.03.06
Share Capital	2,00,000	2,50,000	Land and Building	2,00,000	1,90,000
General Reserve	50,000	60,000	Machinery	1,50,000	1,69,000
P&L A/c	30,500	30,600	Stock	1,00,000	4,000
Bank Loan (Long Term)	70,000	–	Sundry debtors	80,000	64,200
Sundry creditors	1,50,000	1,35,200	Cash	500	600
Provision for Taxation	30,000	35,000	Bank	–	8,000
			Good will	–	5,000
	5,30,500	5,10,800		5,30,500	5,10,800

Dividend of Rs.23,000 was paid
Assets of another company were purchased for a consideration of Rs.50,000 payable in shares. The following assets were purchased.

Machinery Rs.25,000 and Stock Rs.20,000.

Machinery further purchased for Rs.8,000
Depreciation written off against machinery Rs12,000
Income Tax Paid during the year Rs.33,000
Loss on sale of machinery Rs.200 was written off to general Reserve.

You are required to prepare fund flow statement of the year ended 31^st march 2006.

Summarized below are the income and expenditure of Gemini Ltd for three months of March to August 2006.

Month	Sales (all credit) Rs.	Purchases (all credit) Rs	Wages Rs.	Manufacturing expenses Rs.	Office expenses Rs.	Selling expenses Rs.
March	60,000	36,000	9,000	4,000	2,000	4,000
April	62,000	38,000	8,000	3,000	1,500	5,000
May	64,000	33,000	10,000	4,500	2,500	4,500
June	58,000	35,000	8,500	3,500	2,000	3,500
July	56,000	39,000	9,500	4,000	1,000	4,500
August	60,000	34,000	8,000	3,000	1,500	4,500

You are given the following further information

Plant costing Rs.16,000 is due for delivery in July payable 10% on delivery and the balance after three months.
Advance Tax of Rs.8,000 is payable in March and June each.
Period of credit allowed (i) by suppliers 2 months and (ii) to customers 1 month.
Lag in payment of manufacturing expenses 1 month.
Lag in payment of all other expenses 1 month

You are required to prepare a cash budget for three months ending July 2006 and the opening cash balance as on 1^st May 2006 was Rs.8,000.

Calculate all Material Variances from the following information:

Material	Standard		Total	Actual		Total
Material	Qty	Price	Total	Qty	Price	Total
A	500	6.00	3,000	400	6.00	2,400
B	400	3.75	1,500	500	3.60	1,800
C	300	3.80	900	400	2.80	1,120
	1,200			1,300
(-) Less Normal Loss 10%	120			220
	1,080		5,400	1,080		5,320

Go To Main Page

Loyola College M.Com April 2007 Management Accounting Question Paper PDF Download

November 8, 2017 by 01 prakash

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

TH 48

M.Com. DEGREE EXAMINATION – COMMERCE

THIRD SEMESTER – APRIL 2007

CO 3806 / 3801 – MANAGEMENT ACCOUNTING

Date & Time: 28/04/2007 / 9:00 – 12:00 Dept. No. Max. : 100 Marks

PART – A

Answer ALL questions (10 x 2 = 20 marks)

Explain the scope of Management Accounting?
Distinguish between Management Accounting and Cost Accounting.
Illustrate the uses of Cash flow statement.
State the need for working capital.
Discuss the advantages of Zero – base Budgeting.
How do standard cost differ from estimated cost?
Your are required to calculate BEP when Profit Rs.5,000 (20% sales) PV ratio is 50%.
CR. 2.5, working capital Rs.63,000. Calculate current assets and current Liabilities.
Calculate Sales value variance and sales price variance from the following particulars.

Product Budget qty Budget price p/u Actual qty Actual price p/u

A 400 30 500 31

Calculate cash from operations: Net profit for 2005 Rs.25,000 Depreciation Rs.1,000, Prepaid

expenses on 1.1.05 Rs.2,000, Prepaid expenses on 31.12.05 Rs.1,000. Outstanding salary on

31.12.05 Rs.500.

PART – B

Answer any FIVE questions (5 x 8 = 40 marks)

Discuss the Managerial use of Fund Flow statement.
“Ratio Analysis is a tool of management for measuring efficiency and guiding business

policies” Discuss.

From the following details, calculate funds from operations.

Particulars	Rs.	Particulars	Rs.
Salaries	5,000	Closing balance of P&L a/c	60,000
Discount on issue of debentures	2,000	Opening balance of P&L a/c	25,000
Provision for bad debts	1,000	Transfer to GR	1,000
Rent	3,000	Preliminary expenses written off	3,000
Refund of Tax	3,000	Goodwill written off	2,000
Profit on sale of building	5,000	Proposed dividend	6,000
Depreciation on plant	5,000	Dividend received	5,000
Provision for Tax	4,000
Loss on sale of plant	2,000

The capital of Everest co ltd is as follows:

Rs.

9% Preference shares of Rs.10 each 3,00,000

Equity shares of Rs.10 each 8,00,000

————

11,00,000

————

The accountant has ascertained the following information’s:

a) Profit after Tax @ 60% Rs.2,70,000 b) Depreciation Rs.60,000 c) Equity dividend paid 20% d) Reserves Rs.77,000 e) Market price per equity shares Rs.40. Calculate a) Dividend yield on equity shares b) Cover for preference and equity dividends. c) Earning per share
d) The price earning ratio e) Dividend pay out ratio f) Book value per share.

Assuming the cost structure and selling prices remain the same in periods I and II, Find

out a) PV ratio b) BEP sales (c) Profit when sales are Rs.10,000 d) Sales required to

earn a profit of Rs.20,000.

Period Sales Cost

I 1,20,000 1,11,000

II 1,40,000 1,27,000

Draw a Material Procurement Budget from the following details estimated sales of a

product 40,000 units. Each unit of the product requires 3 units of material A and 5 units

of material B.

Estimate opening balance		Material on order
Finished product	5,000 uts	—
Material A	12,000 uts	Material A	7,000 uts
Material B	20,000 uts	Material B	11,000 uts
Estimate closing balance		Materials of order
Finished product	7,000 uts	———
Material A	15,000 uts	Material A	8,000 uts
Material B	25,000 uts	Material B	10,000 uts

The standard material and standard cost per kg of material required for the production of

one unit of product A is as follows.

Material – 5 kgs standard price Rs. 5 per kg. The actual production and related material data

are as follows 400 units of product A, Materials used 22000 kgs Price of Material Rs.4.50 per kg. Calculate (a) Material cost Variance b) Material usage variance c) Material price variance.

From the following data calculate labour variance standard time p.u 2.5 hrs. Actual hours

2,000 standard wages rate Rs. 2 per hour, Actual out put 1,000 uts. Actual wages

Rs.4,500. 20% of actual time has been lost due to machinery break down.

PART – C

Answer any TWO questions (2 x 20 = 40 marks)

With the help of the following ratios of Edward Ltd draw balance sheet.

Current Ratio 2.5, Liquid Ratio 1.5, Networking capital Rs.3,00,000, stock turnover ratio: 6

times, Gross profit Ratio 20% Debit collection period 2 months. Fixed asset Turnover

Ratio: 2 times fixed asset to share holders noteworthy : 0.80

Reserve and surplus to capital 0.50.

Hint: Turn over refers to cost of sales

The summaries Balance sheet of kumar Ltd as on 31.3.05 and 31.3.06 are as follows

Liabilities	31.03.05	31.03.06	Assets	31.03.05	31.03.06
Share capital	4,50,000	4,50,000	Fixed Assets	4,00,000	3,20,000
General Reserve	3,00,000	3,10,000	Investments	50,000	60,000
P&L a/c	56,000	68,000	Stock	2,40,000	2,10,000
Creditors	1,68,000	1,34,000	Debtors	2,10,000	4,55,000
Tax provision	75,000	10,000	Bank	1,49,000	1,97,000
Mortgage Loan		2,70,000
	10,49,000	12,42,000		10,49,000	12,42,000

Additional information a) Investments castings Rs. 8,000 were sold for Rs.8,500 b) Tax provision made during the year was Rs.9,000. c) During the year part of the fixed assets costing Rs.10,000 was sold for Rs.12,000 and the profit was including in P&L a/c. You are required to prepare cash flow statement for the year ended 31.03.2006.

The following particulars are taken form the record of a company engaged in manufacturing two products X and Y for a certain raw material

Particulars	Product X	Product Y
Sales	125.00	250.00
Material cost (Rs.2.50 per kg)	25.00	62.50
Wages m(Rs. 15 per hour)	37.50	75.00
Variable over head	12.50	25.00

Total fixed over head Rs.50,000. Comment oh the profitability of each product when

Total availability of raw material is 20,000 kgs and maximum sales potential of each product is 1,000 units Find out the product mix to yield maximum profit.
Total sales value of limited
Labour Time is limited

Production capacity in units is a key factor.

Go To Main page

Loyola College B.Com April 2011 Management Accounting Question Paper PDF Download

October 19, 2017 by 01 prakash

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

SIXTH SEMESTER – APRIL 2011

CO 6605 – MANAGEMENT ACCOUNTING

Date : 07-04-2011 Dept. No. Max. : 100 Marks

Time : 9:00 – 12:00

[

SECTION A (2×10= 20 marks)

Answer all the questions.

What is “Flow of Funds”?
State any FOUR objectives of Financial Statement Analysis.
What are the important features of Marginal Costing.
What is “Key Factor”?
What are the components of “Material Cost Variance”?
Land & Buildings –Rs 6,00,000, Equity Share Capital –Rs 5,00,000,Debentures –Rs4,00,000, Sundry Creditors –Rs 1,50,000,Bank Over-draft –Rs 50,000, Stock –Rs 2,40,000. Debtors –Rs 2,00,000, Cash & Bank –Rs 55,000, Prepaid Expenses –Rs 5,000. From the above particulars Calculate ; (a) Current Ratio (b) Liquid Ratio.
From the following figures Calculate: Funds from Operations:

Expenses Paid Rs 3,00,000 Net Profit for the year Rs 1,15,800

Depreciation Rs 70,000

Loss on sale of Machinery Rs 4,000

Goodwill written off Rs 20,000

Loss on sale of old furniture Rs 200

Profit on sale of Land &

Building Rs 60,000

Calculate Break-even point from the following Particulars:

Fixed Expenses Rs 1,50,000

Variable Cost per unit Rs 10

Selling Price per unit Rs 15

Product X requires 20 kgs of material at Rs 4 per Kg. The actual consumption of

Material for the manufacturing of product X came to 24kgs of material at Rs 4.50

Per kg. Calculate (a) Material Cost Variance

(b) Material Price Variance

The Standard Time and Rate unit Component are given below:

Standard Hours 20

Standard Rate Rs 5 per Hour

Actual Production 1,000 units Actual hours – 20,500 hrs

Actual Rate per hour Rs 4.80

Calculate: (a) Labor Cost Variance

Labor Efficiency Variance
Labor Rate Variance

SECTION B (5x 8 =40 marks)

Answer any FIVE questions.

What are the Functions of a “Management Accountant”?
What is” Break-Even Analysis”? What are its merits?
Define Zero Based Budgeting? Explain the steps involved in this process.
From the extracts of the Balance Sheet and the additional information provided, you are required to identify how the transactions affect statement showing sources and uses of funds.

————————————————————————————————————- Particulars 2009 2010

————————————————————————————————————- Equity Share Capital Rs 2,00,000 Rs 3,00,000

Share Premium Rs 20,000 Rs 30,000

9% debentures Rs 1,00,000 Rs 1,50,000

Additional Information:

9% debentures worth Rs 30,000 were redeemed during the year.

The following are the ratios of a trading concern:

Debtors Velocity – 3 months

Stock Velocity – 8 months

Creditors Velocity – 2 months

Gross Profit Ratio 25%

Gross Profit for the year amounted to Rs 4,00,000.

Closing stock of the year is Rs 10,000 more that the opening stock.

Bills receivable Rs 25,000. Bills Payable Rs 10,000.

Find out (a) Sales Tax (b) Sundry Debtors (c) Closing Stock (d) Sundry creditors.

Calculate Pay – out Ratio and Retained Earnings Ratio from the following

Information:

Net Profit Rs 10,000

Provision for Tax Rs 5,000

Preference Dividend Rs 2,000

Number of Equity Shares 3000 shares

Dividend for Equity Share Re. 0.40

The Statement of Cost of an article is as follows:

Material Rs 200

Labor Rs 100

Variable Expenses Rs 25

Fixed Expenses Rs 75

Profit Rs 125

Selling Price Rs 525

The number of articles made and sold are 10,000 units.

Find out: (a) Break – even Point

(b) How many articles must be produced and sold if the selling price is reduced by Rs 25 and the same profit is maintained.

Prepare a Production Budget for each month and a summarized Cost Budget for the six months period ending 31^st Dec 2009 from the following information of

“ Product ‘X””.

There will be no work -in -progress at the end of any month.
Finished Units equal to half the sales for the next month will be in Stock at the end of each month ( including June 2009)
The Units to be sold for different months are as follows:

MONTH UNITS

July 2009 1,100

August 2009 1,100

September 2009 1,700

October 2009 1,900

November 2009 2,500

December 2009 2,300

January 2010 2,000

Budget Production and Production Costs for the year ending 31^st Dec 2009 are as follows:

Production (Units) 22,000

Direct Material per Unit Rs 10

Direct Wages per Unit Rs 4

Total Factory overhead apportioned to Product Rs 88,000.

SECTION C (2x 20= 40marks)

Answer any TWO questions.

19 .——————————————————————————————————————LIABILITIES 2009 2010 ASSETS 2009 2010

Rs Rs Rs Rs

Share Capital 2,00,000 3,00,000 Buildings at cost 1,50,000 2,30,000

Share Premium Plant& Machinery

Capital Reserve — 10,000 at Cost 2,60,000 3,20,000

Profit on Redemption Less: Depreciation 85,000 95,000

Of Debentures —– 1000 —————————– 1,75,000 2,25,000

Profit &Loss a/c Shares in Subsidiary

Bal b/f 40,000 40,000 Company 20,000 20,000

Profit for the year 45,000 Current Assets ;

5% Debentures 1,00,000 75,000 Stock 45,000 49,000

Current Liabilities; Sundry Debtors 15,000 18,000

Sundry creditors 60,000 1,04,000 Bank 25,000 48,000

Taxation 20,000 5,000

Proposed Dividend 10,000 10,000

4,30,000 5,90,000 4,30,000 5,90,000

Additional Information:

During the year 2010, Plant Costing Rs 15,000 (Accumulated depreciation there on Rs 8,000) was sold for Rs 5,000.

Prepare Funds Flow Statement.

From the following information, you are required to prepare a Balance Sheet.

(a) Current Ratio 1.75

(b) Liquid Ratio 1.25

(d) Gross Profit Ratio 25%

(e) Debt Collection Period 1 1/2 Months

(f) Reserves and Surplus to Capital 0.2

(g) Turn Over to Fixed Assets – ( based on Cost of Sales) – 1.2.

(h) Capital Gearing Ratio – 0.6

(i) Fixed Assets to Net Worth 1.25

(j) Sales for the year – Rs 12,00 000

The Cost of an Article at a Capacity level of 5,000units is given below. The Degree of variability of the individual expenses are also given:

PARTICULARS RS (VARIABILITY)

Material Cost 25,000 ( 100% Varying)

Labor Cost 15,000 ( 100% varying)

Power 1,250 ( 80% varying)

Repairs and Maintenance 2,000 ( 75% varying)

Stores 1,000 ( 100% varying)

Inspection 500 ( 20% varying)

Depreciation 10,000 ( 100% varying)

Administrative Overheads 5,000 ( 25% varying)

Selling Overheads 3,000 (25% varying)

————————-

62,750

————————-

Cost Per Unit = Rs 12.55

Find out the Unit Cost of the Product at the Production Levels of 4,000 units and 6,000 units.

Go To Main page

Loyola College B.Com April 2012 Management Accounting Question Paper PDF Download

October 19, 2017 by 01 prakash

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

SIXTH SEMESTER – APRIL 2012

CO 6605 – MANAGEMENT ACCOUNTING

Date : 18-04-2012 Dept. No. Max. : 100 Marks

Time : 1:00 – 4:00

PART – A

Answer ALL questions: (10×2=20marks)

What is a “Master Budget”?
What are “Funds”?
What is “Marginal Costing”?
What are some of the “Liquidity Ratios?”
What is “Key Factor”?
Calculate Current Ratio from the following information:

Rs. Rs.

Stock 60,000 Sundry Creditors 20,000

Sundry debtors 70,000 Bills Payable 15,000

Cash Balance 20,000 Tax Payable 18,000

Bills Receivable 30,000 outstanding expenses 7,000

Prepaid expenses 10,000 Bank Overdraft 25,000

Land & Building 1,00,000 Debentures 75,000

Good will 50,000

Specify how the following transactions will appear in the statement showing sources and uses of funds:
a) Stock of Raw materials purchased for Rs 3,00,000
b) Sundry Creditors paid Rs 2,50,000 by cheque.
c) Purchased Goodwill of another company for RS 4,50,000
d) Shares issued for Rs 3,00,000 to public.
e) Debentures redeemed for Rs 4,00,000
f) Purchased machinery worth Rs 3,50,000 and settlement made by issuing shares in

the company.

g) Long term loan repaid Rs 3,00,000.
Determine the amount of fixed expenses from the following particulars:

Rs.

Sales 2,50,000

Direct material 80,000

Direct Labour 50,000

Variable Overhead 20,000

Profits 60,000

”Product X” requires 20 kgs of materials at Rs 4 per Kg. The actual consumption of

material for the manufacturing of “Product X” came to 24 kgs at Rs 4.50/ per kg.

Calculate :

Material cost Variance
Material Price Variance
Material Usage Variance

You are required to calculate :
a) P/ V Ratio (b) Sales to earn a profit of Rs 40,000.

The following information is given:

Sales Rs 1,00,000

Profit 10,000

Variable Cost 70% of Sales.

PART – B

Answer any FIVE questions: (5×8=40marks)

What is Zero Base Budgeting? What are the steps involved in the process of introducing Zero Base budgeting in an Organization?
What are the important advantages of “Ratio Analysis”?
What is “Funds Flow Statement”? What purpose does “Funds Flow Statement” serve?

From the following information given on 31^st March 2005, calculate “Funds from

Operations

a) Profit on Sale of Building 35,000
b) Goodwill appearing in the books 1,80,000,out of that 10% has been written off

during the year.

c) Rs.1,25,000 has been transferred to general Reserve.
d) Old furniture worth Rs 8,000 has been sold for Rs 6,500 during the year.
e) Depreciation provided during the year on Machinery at 20%, the cost of machinery in

the books Rs 6,50,000.

f) Net profit for the year amounted to Rs 6,50,000.
From the following information calculate:
a) Mix Variance
b) Revised usage Variance
c) Usage Variance

STANDARD ACTUAL

Material A 60units @Rs 5 per unit Material A 80units @Rs 4 per unit

Material B 40units @Rs 10per unit Material B 40units @Rs 12perunit

—– —–

100units 120units

Calculate Current Assets from the following information:
a) Sales (all credit) 2,00,000
b) Gross Profit Ratio 20%
c) Stock Turnover 5 times.
d) Current Liabilities 60,000.
e) Quick Ratio – 0.75

Stock at the end is Rs 5,000 more than the stock in the beginning.

From the following particulars calculate :
a) Number of units to be sold to earn a profit of Rs 1,20,000.
b) Sales to earn a profit of Rs 1,20,000.

Selling price per unit Rs. 40

Variable selling cost per unit Rs. 3

Variable manufacturing cost per unit Rs. 22

Fixed factory overheads Rs. 1,60,000

Fixed selling cost Rs. 20,000

The Sales manager of a manufacturing Co. reports that he is expecting to sell 40,000

units of a particular product. Production Department gives the following figures:

Two kinds of materials A and B are required for the manufacturing of the product.

The production requires 3units of Material A and 2 units of Material B.

Estimated Opening Balances:

Finished Product 10,000units

Material A 12,000units

Material B 15,000units

Desirable closing stock:

Finished Product 10,000units

Material A 14,000units

Material B 15,000units

Draw up a materials purchase budget.

PART – C

Answer any TWO questions: (2X20-40marks)

The following is the summarized Balance Sheet of Good Luck Ltd for the year 2003 &

2004.

Liabilities 2003 2004 Assets 2003 2004

Equity share 2,00,000 2,40,000 Land &Building 1,05,000 1,50,000

Capital

8%Debentures 50,000 – Plant %Machinery 2,90,000 3,20,000

(at cost)

Share Premium — 10,000 Furniture @ cost 9,000 10,000

Gen Reserve 30,000 50,000 Inventories 1,30,000 1,05,000

P%L a/c 48,000 68,000 Sundry Debtors 75,000 85,000

Sundry

Creditors 1,30,000 1,50,000

Proposed Cash 15,000 26,000

Dividend 20,000 24,000

Provision for

Depreciation:

Plant&Machinery 1,40,000 1,50,000

Furniture 6,000 4,000

6,24,000 6,96,000 6,24,000 6,96,000

Additional Information:

Furniture which cost Rs 5,000, written down value Rs 1,000. was sold during the year 2004 for Rs 2,000.
Plant and Machinery which costs Rs 20,000 and in respect of which Rs 13,000 had been written off as depreciation was sold during the year 2004 for Rs 3,000.
The Dividend of 2003 was paid during 2004.
Prepare Funds Flow Statement.

From the following information, you are required to construct a Balance Sheet. You are

required to show detailed workings.

Working Capital Rs. 75,000

Reserves and surplus Rs. 1,00,000

Bank overdraft Rs. 60,000

Current Ratio 1.75

Liquid Ratio 1.15

Fixed Assets to

Proprietors Fund 0.75

Long term Liabilities Nil

The information regarding the composition and hourly wage rates of labour force

engaged in a job scheduled to be completed in 30 hours are as follows:

Category of workers Standard Actual

No. Of workers Hourly wage rate No.of workers Hourly wage rate

Per worker per worker

Skilled 75 6 70 7

Semi-skilled 45 4 30 5

Un-skilled 60 3 80 2

The work was completed in 32 hours .

Calculate labour Variances.

Go To Main page

Loyola College B.Com Nov 2012 Management Accounting Question Paper PDF Download

October 19, 2017 by 01 prakash

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.com., DEGREE EXAMINATION – COMMERCE

SIXTH SEMESTER – NOVEMBER 2012

CO 6605- MANAGEMENT ACCOUNTING

Date : 01/11/2012 Dept. No. Max. : 100 Marks

Time : 1:00 – 4:00

PART A

Answer ALL questions (10×2=20 marks)

What is margin of safety?

What do you mean by Limiting factor?

State the formula for Earnings per share and Price Earnings ratio.

Fill in the blanks:
a) Labour cost variance is sub-divided into …………….variance and ………..variance.
b) …………..minus Fixed cost is profit.

State whether the following statements are TRUE or FALSE.
a) Profit volume ratio will change if the quantity sold changes.
b) Machinery purchased and paid for in shares will affect fund flow statement.

Budgetted fixed overheads Rs,40,000, budgeted production 20,000 units. Actual fixed overheads Rs.48,000; Actual production Rs.19,000. Calculate overhead volume and expenditure variance.

Credit sales for January, February and March are Rs.1 lakh, Rs.1.20 lakhs and Rs.1.50 lakhs respectively. 20% of debtors are collected in the month of sales. 30% in the month following the sales and 50% in the second month following the sales. Calculate the amount collected from the debtors in the month of March.

A Ltd reports the following data relating to debtors:

Net credit sales during 2006 Rs.31 lakhs

Debtors on 31/12/2006 Rs.4,16,000

Compute accounts receivable turnover and the collection period. (No. of days 365)

Budgetted production and overhead cost for two capacity levels are given below:

Budgetted productions Units 2000 3000

Indirect material (Rs.) 10000 15000

Depreciation 4000 4000

Maintenance 2000 2200

Calculate overhead cost for a production of 5000 units.

Sales Rs.2,00,000; Cost of goods sold Rs.1,20,000; Operating expenses Rs.40,000. Calculate operating ratio and operating profit ratio

PART B

Answer ANY FIVE questions Marks:5×8=40

Discuss the merits and limitations of Ratio Analysis.

Distinguish between Management Accounting and Financial Accounting.

The following data for the quarter ended 31^st March 2012 is given to you:

Budgetted production 4000 units, Material Rs.20,000, Wages Rs.32,000, Factory overheads Rs.36,000 (4/9 fixed). It is anticipated that production will increase by 25% in the second quarter. Material prices are expected to reduce by 50p per unit. Labour rates are expected to increase by Rs.1.50 per unit. Fixed overheads remains constant, but Variable overheads is expected to increase by Re.1 per unit. Prepare a Production Cost Budget for the second quarter of 2012.

From the following P/L statement compute fund from operations:

Sales Rs.60,000

Dividend received Rs. 3,000

Interest on investments Rs. 3,000

Total income Rs.66,000

Less: expenses:

Purchases Rs.50,000

Salaries Rs. 7,000

Depreciation Rs. 2,000

Goodwill w/o Rs. 1,000

Preliminary expenses Rs. 500

Discount on shares Rs. 1,500

Total expenses Rs.70,000

Net loss Rs. 4,000

The following details relate to two products A and B.

A B

Selling price per unit(Rs.) 200 500

Material at Rs.20/kg 40 160

Labour at Rs.10/hour 50 100

Variable overheads (Rs.) 20 40

The total fixed overheads are Rs.50,000. Comment on the profitability of each product when,

a) raw material is in short supply.
b) sales in quantity is limited.
c) if the company has only 4000 kgs of raw material and the maximum demand of product A is 1000 units and that of B is 1800 units, determine the most profitable sales mix and the profit for that level of sale.

Prepare a Balance sheet from the following data:

Gross profit ratio 20%

Debtors turnover 6 times

Fixed assets to Shareholders’ funds 0.80

Reserves to Capital 0.50

Current ratio 2.50

Liquid ratio 1.50

Net working capital Rs.300000

Stock turnover ratio 6 times

The following is budgeted cost per unit for the production of 5000 units at 50% capacity.

Material Rs.20

Labor Rs.10

Factory overheads Rs. 5 (20% fixed)

Administration overheads Rs. 4 (fixed)

Selling overheads Rs. 2 (40% variable)

Prepare a budget for a production of 8,000 units and calculate the budgeted profit, if the selling price is Rs.50 per unit.

Draw a Material Procurement Budget (in quandities) From the following information:

Estimated Sales of a product 40,000 units. Each unit of the product requires 3 units of material

‘A’ and 5 units of material ‘B’ .

	Opening stock (units)	Closing stock (units)
Finished Stock	5,000	7,000
Material A	12,000	15,000
Material B	20,000	25,000
Materials on order: A: B:	7,000 11,000	5,000 10,000

PART C

Answer ANY TWO questions Marks:2×20=40

The sales and profit of M Ltd for 2 years were as follows:

Year Sales(Rs.) Profit(Rs.)

2006 1,50,000 20,000

2007 1,70,000 28,000

Assuming that selling price per unit, variable cost per unit and the total fixed cost for the two years remain the same, calculate:

PV ratio
Break even sales
Sales to earn a profit of Rs.40,000
Profit when sales are Rs.2,60,000
Margin of safety when profit is Rs.50,000
New break even sales when selling price is reduced by 20%.

The standard cost for manufacturing 100 kgs of product X consist of:

Material A 80 kgs at Rs.2.50 per kg.

Material B 20 kgs at Rs.4 per kg

Material C 20 kgs at Re.1 per kg

During the month of January, 2000 kgs of Product X were produced. The actual materials used were as follows:

Material A 1,500 kgs at Rs.2.40 per kg

Material B 400 kgs at Rs.4.20 per kg

Material C 500 kgs at Rs.1.10 per kg

Calculate material variances.

The following are the Balance Sheets of ABC Ltd.

31/12/2010

Rs.

31/12/2011

Rs.

31/12/2010

31/12/2011

Rs.

Share capital

P/L Account

Term Loans

Creditors

Tax provision

Prop. dividend

3,00,000

4,90,000

5,00,000

70,000

86,000

24,000

14,70,000

3,50,000

6,96,000

2,00,000

58,000

1,02,000

30,000

14,36,000

Fixed Assets

Investment

Stock

Debtors

Bank

Cash

13,36,000

20,000

33,000

50,000

11,000

14,70,000

12,78,000

–

24,000

57,000

44,000

33,000

14,36,000

a) Depreciation on Fixed assets provided during the year Rs.110,000.
b) A fixed asset whose Book Value is Rs.25,000 was sold for Rs.12,000.
c) Income tax paid during the year was Rs.75,000.
d) Interim dividend paid during the year Rs.25,000.
e) Proposed dividend of 2010 was paid in 2011
f) Investments were sold for Rs.25,000

Prepare Fund Flow Statement.

Go To Main page

Loyola College B.B.A. Business Administration April 2009 Management Accounting Question Paper PDF Download

October 13, 2017 by 01 prakash

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

JQ 19

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

SIXTH SEMESTER – April 2009

BU 6603 – MANAGEMENT ACCOUNTING

Date & Time: 23/04/2009 / 9:00 – 12:00 Dept. No. Max. : 100 Marks

PART – A

Answer ALL questions: (10 x 2 = 20)

What is Marginal costing?
Define Management accounting.
What do mean by ‘Variance analysis’?
What is meant by break – even analysis?
What is margin of safety?
Write short notes on:
Debt Equity ratio
Debt Collection period
Calculate the material usage variance from the following;

Standard: 2,000 units at Rs. 2 each.

Actual: 2,500 units at Re.1 each.

Calculate current ratio from the following:

	Rs.
Cash in hand	2,000
Debtors	10,000
Stock	40,000
Land	12,000
Bills receivable	30,000
Bank overdraft	35,000
Creditors	60,000
Debentures	10,000

Compute the P/V ratio: Sales Rs. 10,000, variable cost Rs.3,000 and fixed costs Rs. 5,000.
What is overhead variances?

PART – B

Answer any FIVE questions: (5 x 8 = 40)

Distinguish between Management Accounting and Financial Accounting.
From the following compute 1) Fixed assets turnover ratio 2) Debtors turnover ratio

3) Net profit ratio 4) Stock turnover ratio.

Profit and Loss Account for the year ending 31^st dec. 1998.

To opening stock	2,50,000	By sales	18,00,000
To purchases	10,50,000	By closing stock	1,50,000
To Gross profit	6,50,000
	————-		————-
	19,50,000		19,50,000
	————–		————-
To Administration expenses	3,30,000	By Gross Profit	6,50,000
To other expenses	20,000	By Interest	50,000
To Net profit	3,50,000
	————-		———-
	7,00,000		7,00,000
	————-		———–

Other information are:

Fixed assets Rs. 7,00,000

Debtors Rs. 2,50,000.

From the following particulars, prepare a production budget of sales company for the year ending on 31^st March 2005.

Product	Sales (Units)	Estimated Stocks (Units)
		1.4.2004	31.3.2005
A	1,50,000	14,000	15,000
B	1,00,000	5,000	4,500
C	70,000	8,000	8,000

Compute the break even point in rupees and in units. The fixed expenses of the concern is Rs.

1,80,000. Its variable cost per unit is Rs. 29 and selling price is Rs. 44 per unit.

Write short notes on the following.
Zero based budget b) Budgetary control c) Control ratios.
Following particulars are taken from the records of a company, calculate:
Operating ratio b) Operating profit ratio c) Current ratio d) Liquidity ratio

	Rs.
Gross profit	55,000
Selling expenses	4,000
Administration expenses	22,000
Sales	1,54,000
Debtors	1,20,000
Cash	10,000
Inventory	30,000
Creditors	25,000
Bills payable	12,000

Calculate funds from operations from the following Profit and Loss Account:

Particulars	Rs.	Particulars	Rs.
To expenses	50,000	By Gross Profit	1,00,000
To depreciation	20,000	By gain on sale of machinery	10,000
To loss on sale of building	7,750
To discount allowed	250
To goodwill written off	6,000
To net profit	26,000
	————–		—————
	1,10,000		1,10,000
	—————		—————

Calculate material cost variances from the following data:

	Standard		Actual
Quantity		800kgs		920kgs
Price		Rs. 4 per kg		Rs. 3 per kg
Value		Rs. 1600		Rs. 1380

PART – C

Answer any TWO questions (2 x 20 = 40 marks)

For the production of 10,000 units of a product, the following are the budgeted expenses. Prepare a budget for the production of 6,000 and 7,000 units.

	Rs.
Direct materials	60
Direct labour	30
Variable overheads	25
Fixed overheads (Rs. 1,50,000)	15
Variable expenses (direct)	5
Selling expenses (10% fixed)	15
Administration expenses (Rs. 50,000 rigid at all levels)	5
Distribution expenses (20% fixed)	5

From the following Balance Sheet of ABC Ltd., Prepare a Fund Flow Statement.

Balance Sheets

Liabilities	2002	2003	Assets	2002	2003
	Rs.	Rs.		Rs.	Rs.
Equity share	4,50,000	5,00,000	Goodwill	1,15,000	90,000
Reserve fund	40,000	70,000	Building	2,00,000	1,70,000
P&L A/C	30,000	48,000	Plant	80,000	2,00,000
Proposed dividend	42,000	50,000	Debtors	1,60,000	2,00,000
Creditors	55,000	83,000	Stock	77,000	1,09,000
Bills payable	20,000	16,000	Bills receivable	20,000	30,000
Provision for taxation	40,000	50,000	Cash in hand	25,000	18,000
	————–	————-		————-	————-
	6,77,000	8,17,000		6,77,000	8,17,000
	————–	————-		————-	————-

Additional information:

Depreciation on plant Rs. 10,000 and building Rs. 20,000 charged in 2003.
An interim dividend of Rs. 20,000 has been paid in 2003.
Income tax Rs. 35,000 was paid during 2003.

a) The sales and profit for 2006 and 2007 are as follows:

Sales Profit

Rs. Rs.

2006 1,50,000 20,000

2007 1,70,000 25,000

Compute:

P/V Ratio
BEP
Sales for a profit of Rs. 40,000
profit for sales of Rs. 2,50,000 and
Margin of safety at a profit of Rs. 50,000

Go To Main Page

Loyola College B.B.A. Business Administration April 2011 Management Accounting Question Paper PDF Download

October 13, 2017 by 01 prakash

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

SIXTH SEMESTER – APRIL 2011

BU 6603/BU 6600 – MANAGEMENT ACCOUNTING

Date : 09-04-2011 Dept. No. Max. : 100 Marks

Time : 9:00 – 12:00

PART – A

ANSWER ALL THE QUESTIONS: (10 x 2 = 20 marks)

What is Management Accounting?
What is ratio analysis?
What is Cash Budget?
What is fund flow statement?
What is contribution?
Give the formula for Earnings Per Share.
What is direct labour cost variance?
Ganesh purchased and used 800 tons of a chemical at Rs. 40 per ton whereas the standard price fixed was Rs.48 per ton. Calculate material price variance.
A company shows the trading results for two periods.

Period

Sales

Rs.

Profit

Rs.

10,000

400

20,000

1,000

Calculate profit volume ratio.

From the following information, calculate Fixed overhead

cost variance.

	Standard	Actual
Production in units	4,000	3,800
Fixed overheads	Rs.40,000	Rs.39,000

PART – B

ANSWER ANY FIVE QUESTIONS: (5 x 8 = 40 marks)

Explain the functions of Management Accounting.
You are required to prepare a production budget for the half year ending June 2000 from the following information:

Product	Budgeted sales quantity	Actual stock on 31-12-99	Desired stock on 30-6-2000
	Units	Units	Units
S	20,000	4,000	5,000
T	50,000	6,000	10,000

Find out fixed assets and gross profit from the following information:

Sales Rs. 10,00,000

Gross profit ratio 25%

Fixed assets turnover ratio (on cost of sales) 5 times.

Find out the funds from operations from the details given below:

	Rs.
Net profit for the year 2006-2007	95,000
Depreciation charged on Fixed assets	42,000
Profit on Sale of Long term Investments included in the P&L A/C	13,000
Goodwill written off	20,000

You are asked to compile a working capital statement from the following details:

Particulars	1-1-1999 Rs.	31-12-1999 Rs.
8% Debentures	40,000	40,000
Outstanding rent	8,000	12,000
Cash in hand	4,000	8,000
Cash at bank	12,000	15,000
Accounts payable	20,000	26,000
Machinery	25,000	16,000
Accounts receivable	30,000	34,000
Prepaid commission	4,000	–
Inventories	22,000	27,000
Share premium	15,000	15,000
Equity share capital	50,000	50,000

What are the advantages of ratios?

From the following information relating to Palani Bros. Ltd., you are required to find out

P/V Ratio (b) Break even point (c) Profit (d) Margin of safety (e) Volume of sales to earn profit of Rs.6,000.

Rs.

Total fixed costs 4,500

Total variables costs 7,500

Total sales 15,000

Calculate material cost variance, material price variance and material usage variance from the following data:

Standard Actual

Quantity 400 kgs 460 kgs

Price Rs.2 per kg Rs. 1.5 per kg

Value Rs. 800 Rs. 690

PART – C

ANSWER ANY TWO QUESTIONS: (2 x 20 = 40 marks)

Kunal Products produces and sells a product for which total capacity of 2,000 units exists.

The following expenses are for the production of 1,000 units of the product which is sold at Rs. 130 per unit.

Per Unit

Rs.

Direct materials 20

Direct Wages 30

Administration overheads (constant) 20

Selling expenses (50% fixed) 10

Distribution expenses (25% fixed) 20

100

You are required to prepare a flexible budget for the production and sale of 1,200 units, 1,600

units and 2,000 units, showing clearly the marginal (variable) cost and total cost at each level.

The following is the Comparative Balance Sheets of Pratima & Co.Ltd. as on 30^th June 1987 and 30^th June 1988.

Balance Sheet

Liabilities	30-6-1987 Rs.	30-6-1988 Rs.	Assets	30-6-1987 Rs.	30-6-1988 Rs.
Share capital	1,80,000	2,00,000	Goodwill	24,000	20,000
Reserve Fund	28,000	36,000	Buildings	80,000	72,000
P&L A/c	39,000	24,000	Machinery	74,000	72,000
Trade Creditors	16,000	10,800	Investments	20,000	22,000
Bank overdraft	12,400	2,600	Inventories	60,000	50,800
Provision for Taxation	32,000	34,000	Debtors	40,000	44,400
Provision for doubtful debts	3,800	4,200	Cash	13,200	30,400
	3,11,200	3,11,600		3,11,200	3,11,600

Additional Information:

Depreciation charged on machinery Rs. 10,000 and on buildings Rs. 8,000.
Investments sold during the year Rs. 3,000.
15,000 interim dividend paid during January 1988.
Taxes paid during the year Rs. 30,000.

Prepare (a) a statement of changes in working capital.

(b) a funds flow statement.

A company manufactures a particular product the standard material cost of which is Rs.10 per unit. The following information is obtained from the cost records.

Standard mix

Material Quantity Rate Amount

Units Rs. Rs.

A 70 10 700

B 30 5 150

100 850

Loss 15% 15 —

85 850

Actual results for January 1987:

Material Quantity Rate Amount

Units Rs. Rs.

A 400 11 4,400

B 200 6 1,200

600 5,600

Loss 10% 60 Nil

540 5,600

Calculate: (1) Material price variance (2) Material mix variance (3) Material usage variance (4) Material yield variance (5) Material cost variance.

Go To Main Page

Loyola College B.B.A. Business Administration April 2012 Management Accounting Question Paper PDF Download

October 13, 2017 by 01 prakash

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

SIXTH SEMESTER – APRIL 2012

BU 6603/BU 6600 – MANAGEMENT ACCOUNTING

Date : 20-04-2012 Dept. No. Max. : 100 Marks

Time : 1:00 – 4:00

PART – A

ANSWER ALL THE QUESTIONS: (10 X 2 = 20 marks)

What are the tools of management accounting?
Give the meaning of the term: Window Dressing.
State two reasons for preparing cash budget.
What is the significance of liquidity ratios?
Why Net Working Capital is computed?
What is margin of safety?
Calculate P/v ratio given that sale is Rs. 30,000 and fixed cost Rs. 15,000, contribution- Rs.12,000.
Compute Pay out Ratio: Net Profit-Rs.80, 000, Provision for Tax-40,000, Preference Dividend- Rs.10, 000, No. of equity Shares- 30,000, dividend per Equity Share-0.45.
Calculate the Material Usage variance.

STANDARD

ACTUAL

5 Kg. per unit

Rs5 per Kg

400 units are produced

2200 Kg consumed

What is FFO?

PART – B

ANSWER ANY FIVE QUESTIONS: (5X8=40 Marks)

Discuss the importance of budgeting.
What are the uses of marginal costing as a tool for managerial decision making?
How Fund Flow Statement is different from a Balance Sheet?

The Sales turnover and profit during two years were as follows

Year Sales Profit

Rs. Rs.

1991 1,40,000 15,000

1992 1,60,000 20,000

Calculate (a) P/V Ratio (b) Break even point (c) Sales required to earn a profit of

Rs.40, 000 (d) Fixed Expenses (e) Profit when Sales are Rs.1, 20,000(f) Margin of Safety.

A Factory is now Producing 10,000 units, costing information relating to the same are furnished below:

Per unit

Rs.

Direct material 70

Direct labour 25

Variable overheads 20

Fixed overheads

(Rs.1, 00,000) 10

Variable overheads (direct) 5

Selling expenses (10% fixed) 13

Distribution expenses (20% fixed) 7

Administration expenses (Rs.50, 000) 5

Total cost per unit – 155

Prepare a flexible budget for the production of 7500 units.

Calculate sales Value variance and sales price variance.

Particulars	Standard			Actual
	Qty.	S.P.	Total	Qty.	S.P.	Total
Product A	500	5.00	2500	625	5.4	3375
Product B	700	8.00	5600	875	8.2	7175

Calculate 1. Current assets, 2. Current liabilities, 3. Liquid Assets and Stock from the following data:

Current Ratio: 2.8

Acid-test Ratio: 1.5

Working Capital – Rs.1,62,000.

The summarized Balance Sheets of Ms.Kiruba & Co as on 31-12-2010 and 31-12-2011 are furnished, prepare a Schedule of changes in Working Capital.

LIABILITIES	2010	2011	ASSETS	2010	2011
Share capital	12,00,000	16,00,000	Plant and machinery	8,00,000	12,00,000
Debentures	4,00,000	6,00,000	Land and building	6,00,000	8,90,000
P& L a /c	2,50,000	5,00,000	Stock	6,00,000	7,00,000
Creditors	2,30,000	1,80,000	Bank	40,000	80,000
Bad & Doubtful debts	12,000	6,000	Preliminary expenses	14,000	12,000
Depreciation on land & building	40,000	48,000	Debtors	1,38,000	1,22,000
Depreciation on plant & Machinery	60,000	70,000
	21,92,000	30,04,000		21,92,000	30,04,000

PART – C

ANSWER ANY TWO QUESTIONS: (2X20=40)

Prepare a cash budget, for the month of April, May and June 2010.

Month	Sales	Purchases	Wages	Miscellaneous Expenses
February	1,20,000	84,000	10,000	7,000
March	1,30,000	1,00,000	12,000	8,000
April	80,000	1,04,000	8,000	6,000
May	1,16,000	1,06,000	10,000	12,000
June	88,000	80,000	8,000	6,000

Additional Information:

Cash Balance: as on 1^st April Rs.1, 00,000.
Sales: 20% realized in the month of sales, remaining in the subsequent month.
Purchases: These are paid in the month following the month of supply.
Wages: are paid in the same month.
Miscellaneous expenses: Paid a month in arrears
Rent: RS.1, 000 per month to be paid.
Income-tax: First installment of advance tax Rs.25, 000 due on 15^th June
Income from Investments: Rs.5, 000 to be received in April, July.

The following information is available from the records of AERO COOL Ltd. Prepare a Profit and loss account and the Balance sheet as on 31^st

Current ratio – 1.75
Acid-test ratio- 1.27
Working capital- Rs.33,000
Fixed Assets to shareholders equity – 0.625
Inventory turnover (based on Closing Stock) – 4 times
Gross profit ratio- 40%
Earnings per share – Re.0.50
Debt collection period – 73 days
of shares issued – 20,000
Return on Investment – 25%

From the following balance sheet of a company prepare a Statement showing the fund Flow.

Liabilities	2005	2006	Assets	2005	2006
Share capital	1,00,000	1,25,000	Land & building	1,00,000	95,000
General reserve	25,000	30,000	Plant & machinery	75,000	84,500
P&L a/c	15,250	15,300	Inventories	50,000	37,500
Bank loan	35,000	–	Sundry debtors	40,000	32,000
Creditors	75,000	67,500	Cash	250	300
Provision for taxation	15,000	17,500	Bank	–	4,000
			Goodwill	–	2,000
	2,65,250	2,55,300		2,65,250	2,55,300

Additional information:

Dividend of Rs.11,000 was paid during 2006.
Depreciation written off – Rs.7,000.
A provision of Rs.16,500 was made on taxation.

Go To Main Page