RAN-1908060102050005
M.Com (Semester-II) Examination
October / November - 2019
P-205: Financial & Managment Accounting
Paper-V
k|Q“p :
/ Instructions
“uQ¡ v$ip®h¡g r“ip“uhpmu rhNsp¡ DÑfhlu ‘f Ahíe gMhu.
Fill up strictly the details of signs on your answer book
Name of the Examination: M.Com (Semester-II) Name of the Subject :
P-205: Financial & Managment Accounting Paper-V
Subject Code No.: 1908060102050005
Seat No.:
Student’s Signature
â. 1. (A) Adv$phpv$ dy¿e Apµqak“¡ b¡ ipMp R>¡. A¡L$ fpS>L$p¡V$dp„ A“¡ buÆ kyfsdp„.
(05)
ipMp k„‘|Z® rlkpbu Qp¡‘X$p fpM¡ R>¡. sp 31 du dpQ® 2018 “p„ fp¡S> Adv$phpv$ dy¿e
Apµqak“p„ Qp¡‘X$pdp„ fpS>L$p¡V$ ipMp Mpsy A“¡ kyfs ipMp Mpsp“u D^pf bpL$u “uQ¡“u
dprlsu Ýep“dp„ gu^p ‘l¡gp“u A“y¾$d¡ ê$p. 60,900 A“¡ ê$p. 90,000 v$ip®hsu lsu.
(1) ê$p. 4,000 “u qL„$ds“p¡ dpg dy¿e Apµqak“u k|Q“p’u fpS>L$p¡V$ ipMpA¡ kyfs
ipMp“¡ dp¡L$g¡g lsp¡.
(2) dy¿e Apµqak Üpfp L¡$V$gpL$ dpg“u Mfuv$u kyfsdp„ ’C lsu. s¡“p ê$p. 10,000 “u
Q|L$hZu kyfs ipMpA¡ L$fu lsu.
(3) sp. 28 dpQ®, 2018 “p„ fp¡S> fpS>L$p¡V$ ipMpA¡ ê$p. 10,000 “u fp¡L$X$ Adv$phpv$
dy¿e Apµqak“¡ dp¡L$g¡g S>¡ sp. 3 Æ A¡râg, 2018 “p„ fp¡S> dy¿e Apµqak“¡ dm¡g.
(4) 2017-18 “p„ hj®“u fpS>L$p¡V$ ipMp“u Qp¡¿Mu Mp¡V$ ê$p. 2,500 A“¡ kyfs
ipMp“p¡ Qp¡¿Mp¡ “ap¡ ê$p. 10,800 lsp¡.
D‘f“u dprlsu ‘f’u Adv$phpv$ dy¿e Apµqak“p„ Qp¡‘X$pdp„ fpS>L$p¡V$ ipMp
Mpsy„ A“¡ kyfs ipMp Mpsy„ s¥epf L$fp¡.
*RAN-1908060102050005*
(b) “uQ¡“u bpL$uAp¡ kyfrc hudp rg. “p„ Qp¡‘X¡$’u sp.31.3.2018 “p„ fp¡S> g¡hpdp„ Aphu R>¡.(05)
rhNs
ku^p ^„^p A„N¡ ‘y“: hudp A„N¡
râdued: dm¡g
22,50,000
1,87,500
dmhp“y„ bpL$u râdued (1.4.2017)
1,50,000
1,80,000
dmhp“y„ bpL$u râdued (31.3.2018)
2,25,000
22,500
Q|L$h¡g râdued
-
2,25,000
Q|L$h¡g bpL$u râdued (1.4.2017)
-
25,500
Q|L$hhp“y„ bpL$u râdued (31.3.2018)
-
30,000
râdued bpv$ ‘y“: hudp“u NZsfu L$fp¡.
â. 2.
sp.31.3.2018 “p„ fp¡S> F>Ðhu gpCa CÞõep¡fÞk L„$‘“u“p„ rlkpbp¡ ‘f’u
(12)
“uQ¡“u dprlsu dm¡ R>¡.
rhNs
ê$p.
rhNs
ê$p.
Æh“hudp a„X$ (1.4.2017) 1,00,00,000 v$php d©Ðey’u
3,00,000
Q|L$h¡g hjp®k“
50,000 dyv$s ‘|fu ’hp’u
4,50,000
kfL$pfu Ådu“NufuAp¡
50,00,000 ‘p¡rgku ‘f gp¡“
15,00,000rdgL$s h¡QpZ“p¡ “ap¡
10,000 A¡S>ÞV$“u bpL$u (D^pf)
10,000
dmhp“y„ bpL$u râdued
1,30,000 ‘fQyfZ g¡Zv$pfp¡
15,000
‘Npf
15,000 L$p“y“u MQp®
10,000
ApµqX$V$ au
12,500 Ål¡fps
7,500qX$f¡¼V$f au
25,000 b¢L$dp„ fp¡L$X$
7,00,000
‘fQyfZ v$¡hpv$pfp¡
1,65,000 Q|L$hhp“u bpL$u v$php
40,000
L„$.“p C.i¡fdp„ fp¡L$pZ
30,00,000 hjp®k“ ‘p¡rgku ‘f dm¡g fL$d
1,00,000A¡S>ÞV$“¡ L$dui“
1,70,000 ifZ d|ëe
75,000
râdued bpv$ ‘y“: hudp¡
10,00,000 ìepS>-qX$rhX$ÞX$ dþey„
8,00,000
Nufp¡ dy¼s rdgL$s A“¡
4,10,000 ar“®Qf ‘f Okpfp¡
15,000
ar“®Qf
hluhV$u MQp®
1,50,000
QY¡$g ‘f„sy dmhp“y„ bpL$u
1,60,000 ApL$[õdL$ A“pds
20,00,000
ìepS>
ìepS>-qX$rhX$ÞX$ ‘f AphL$h¡fp¡
1,10,000
RBI
dp„ qX$‘p¡TuV$
15,00,000
sp.31.3.2018 “p„ fp¡S> F>Ðhu gpCa CÞõep¡fÞk Ly„$.rg.“y„ ‘pLy„$ kfh¥ey„ A“¡ s¡S>
A’hp
â. 2. (A) ei rg.“p„ rlkpbp¡dp„’u spfh¡gu rhNsp¡ “uQ¡ âdpZ¡ R>¡. d|ëeh©qÙ ‘ÓL$ A“¡
(09)
d|ëeh©qÙ“u hl¢QZu“y„ ‘ÓL$ s¥epf L$fp¡.
rhNs
ê$p.
õV$pa L$ëepZ MQ®
52,500
dm¡g ìepS> A“¡ qX$rhX$ÞX$ (N°p¡k)
1,26,000
qX$b¡ÞQf ‘f ìepS>
178,750
Ap‘¡g hV$ph
87,500
ar“®Qf h¡QpZ“u Mp¡V$
17,500
h¡QpZ
92,40,000
i¡f a¡fbv$gu au
49,000
L$pQp dpg“p„ c„Npf“y„ h¡QpZ
39,900
d¡“¡Æ„N qX$f¡¼V$f“y„ dl¡“spÏ„
1,54,000
cpXy„$ A“¡ h¡fp¡ (Q|L$h¡g)
67,900
AphL$h¡fp“u Å¡NhpC
3,32,500
AÞe AphL$
2,62,850
L$pQp dpg“p¡ õV$p¡L$ iê$Aps“p¡
2,10,000
R>¡hV$“p¡
3,15,000
s¥epf dpg“p¡ õV$p¡L$ iê$Aps“p¡
4,90,000
R>¡hV$“p¡
4,02,500
L$pQp dpg“u Mfuv$u
38,15,000
àgpÞV$ A“¡ diu“fu“y„ kdpfL$pd
22,400
Ap¡qX$V$ au
35,000
Ål¡fps A“¡ dykpafu MQ®
91,000
b¢L$ gp¡“ ‘f ìepS>
96,250
ÅhL$ dpg NpX$pcpXy„$
30,100
“ap “yL$kp“ Mpsy„ (iê$Aps“u bpL$u)
1,92,500
“ap “yL$kp“ Mpsy„ (Qpgy hj®“p¡ “ap¡)
4,42,500
(b) Æh“hudp ‘p¡rgku“p„ âL$pfp¡ S>Zphp¡.
(03)
â. 3.
iiu V²¡$X$k®“u dy¿e Apµqak dy„bCdp„ R>¡ A“¡ s¡“u ipMp qv$ëludp„ R>¡.
(14)
ipMp dy¿e Apµqak ‘pk¡’u AdyL$ dpg d¡mh¡ R>¡ A“¡ AdyL$ dpg blpf’u Mfuv$¡ R>¡. ipMp
s¡“p Qp¡‘X$p Sy>v$p„ fpM¡ R>¡. sp.31.3.2018 “p„ fp¡S> bpL$uAp¡ “uQ¡ âdpZ¡ lsu.
dy„bC
dy. Apµqak
qv$ëlu
ipMp
D^pf ê$p.
S>dp ê$p.
D^pf ê$p.
S>dp ê$p.
i¡fd|X$u
- 12,00,000
-
-àgp„V$ A“¡ diu“fu
8,40,000
-
-
-ar“®Qf
1,50,000
-
75,000
-R|>V$p Ap¡Åfp¡
1,20,000
-
54,000
-“ap “yL$kp“ Mpsy„ (1.4.2017)
-
1,05,000
-
-v$¡hpv$pfp¡ A“¡ g¡Zv$pfp¡
6,90,000
1,65,000
30,000
75,000
lp’ ‘f fp¡L$X$
15,000
-
84,00
-b¢L$ rkgL$
45,000
-
18,000
-Mfuv$u A“¡ h¡QpZ
18,00,000 24,30,000
3,36,000 7,35,000
‘Npf A“¡ dS|>fu
90,000
-
48,000
-cpXy„$
45,000
-
25,500
-‘fQyfZ MQp®
15,000
-
22,500
-dy.Apµqak¡ ipMp“¡ dp¡L$g¡g dpg
-
2,70,000
2,40,000
-Qpgy Mpsp
2,10,000
-
- 1,67,400
iê$Aps“p¡ õV$pµL$ (1.4.2017)
1,50,000
-
1,20,000
-41,70,000 -41,70,000
9,77,400 9,77,400
1) àgp„V$, ar“®Qf A“¡ R|>V$p Ap¡Åfp¡ ‘f A“y¾$d¡ 10%, 15% A“¡ 20% Okpfp¡ NZp¡.
2) sp.31.3.2018 “p„ fp¡S> dy¿e Apµqak“p¡ õV$p¡L$ 1,95,000 A“¡ ipMp“p¡ ê$p.1,05,000 lsp¡.
3) ipMp A“¡ dy¿e Apµqak“p„ Qpgy Mpspdp„ S>¡ saphs R>¡ s¡“y„ L$pfZ dpN®õ’ dpg A“¡ dpN®õ’
fp¡L$X$ R>¡.
Mp“p„hpf h¡‘pf Mpsy„, Mp“p„hpf “ap “yL$kp“ Mpsy„ A“¡ k„ey¼s ‘pLy„$ kfh¥ey„ s¥epf L$fp¡. s’p
dy¿e Apµqak“p„ Qp¡‘X¡$ ipMp“y„ Qpgy Mpsy„ s¥epf L$fp¡.
â. 3.
dp¡l“ui V²¡$X$k®“u ipMp Þe|ep¡L®$dp„ R>¡. sp.31.3.2018 “p„ fp¡S>“y„ L$pQy„ kfh¥ey„
(14)
“uQ¡ dyS>b lsy„.
rhNs
D^pf
US $S>dp
US $àgp„V$-diu“fu
24,000
-ar“®Qf
9,600
-õV$pµL$ (sp.1.4.2017)
14,400
-v$¡hpv$pfp¡ A“¡ g¡Zv$pfp¡
19,200
15,000
dpN®õ’ fp¡L$X$
3,000
-Mfuv$u A“¡ h¡QpZ
38,400
1,03,680
dS|>fu
9,600
-AphL$ dpg NpX$p cpXy„$
240
-‘Npf
3,960
-cpXy„$ A“¡ h¡fp
1,800
-hudp¡
480
-h¡‘pf MQp®
240
-cpfsue L„$‘“uA¡ dp¡L$g¡g dpg
12,000
-lp’ ‘f fp¡L$X$
720
-b¢L$ rkgL$
240
-dy¿e Apµqak“y„ Mpsy„
-
19,200
1,37,880
1,37,880
h^pfp“u dprlsu :
1) àgp„V$ A“¡ diu“fu ‘f 10% A“¡ ar“®Qf ‘f 5% Okpfp¡ NZp¡.
2) Q|L$hhp“p¡ bpL$u ‘Npf 360 X$pµgf.
3) dy¿e Apµqak Üpfp ipMp“¡ dp¡L$g¡g dpg ê$p. 6,14,400.
4) dy¿e Apµqak ipMp ‘pk¡’u ê$p. 12,48,000 “u g¡Zu fL$d v$ip®h¡ R>¡.
5) sp.31.3.2018 “p„ fp¡S> õV$pµL$ 19,200 X$pµgf.
6) sp. 1gu A¡râg 2016 “p„ fp¡S> L$pedu rdgL$sp¡ Mfuv$hpdp„ Aphu lsu Ðepf¡ rhr“de
v$f 1 X$pµgf = 65 ê$p./- lsp¡.
sp. 1.4.2017 “p„ fp¡S> rhr“de v$f 1 X$pµgf = 68 ê$p.
sp. 31.3.2018 “p„ fp¡S> rhr“de v$f 1 X$pµgf = 70 ê$p.
hj® v$fçep“ kf¡fpi v$f 1 X$pµgf = 69 ê$p.
D‘f“y„ L$pQy„ kfh¥ey„ ê$r‘epdp„ ê$‘p„sf L$fu dy¿e Apµqak“p„ Qp¡‘X$pdp„ ipMp“p rlkpbp¡
s¥epf L$fp¡.
â. 4. (A) k„Qpg““u Sy>v$u Sy>v$u L$npA¡ fS|> ’sp Al¡hpg“u QQp® L$fp¡.
(7)
(b) “uQ¡“p k„b„^dp„ âL$pris rlkpbp¡dp„ Å¡hp dmsp Ap^yr“L$ hgZp¡ S>Zphp¡.
(7)
A’hp
â. 4. (A) ê$qV$“ Al¡hpgp¡ A“¡ rhrióV$ Al¡hpgp¡“u QQp® L$fp¡.
(7)
(b) “uQ¡“p k„b„^dp„ âL$pris rlkpbp¡dp„ Å¡hp dmsp Ap^yr“L$ hgZp¡ S>Zphp¡.
(7)
(1) aºNphpgnu rlkpbp¡.
(2) âNrs“¡ gNsp QpV®$ A“¡ Apg¡Mp¡.
ENGLISH VERSION Instruction: As per instruction on page No. 1
Q. 1. (A) Amdavad headoffice has two branches, one at Rajkot and the other at (05)
Surat. The branches keep a complete set & books on 31st March, 2018, the Rajkot and Surat branch accounts in the books of Amadavad main office’s books shared debit balances of Rs. 60,900 and 90,000
respectively before taking the following information into account: (1) Goods valued Rs. 4,000 were transferred from Rajkot Branch to
Surat branch under instruction of H.O.
(2) The Surat Branch paid Rs. 10,000 for certain goods purchased by the H.O. in surat.
(3) Rs. 10,000 remitted by the Rajkot Branch to H.O. on 28th March, 2018, But H.O. has received on 3rd April, 2018.
(4) For the year 2017-18, the Rajkot Branch shared a net loss of Rs. 2,500 and the Surat Branch a net profit of Rs. 10,800.
From the above information prepare Rajkot Branch A/c and Surat Branch A/c in the books of H.O.
(b) The following balances are extracted from the books of Surbhi (05)
Insurance Ltd. as on 31-3-2018.
Particulars Direct
Business Rs. Insurance Rs.For
Re-Premiums : Received 22,50,000 1,87,500 Receivable (1.4.2017) 1,50,000 1,80,000 Receivable (31.3.2018) 2,25,000 22,500 Premium paid - 2,25,000 Payable (1.4.2017) - 25,500 Payable (31.3.2018) - 30,000
Q. 2. The following balances are available from the account of Rutu Life (12)
Insurance Co. Ltd. as on 31-03-2018.
Balances Rs. Balances Rs.
Life Insurance fund
(1.4.2017) 1,00,00,000 Calims :on Death 3,00,000
Annuities Paid 50,000 on Maturity 4,50,000
Govt. Securities 50,00,000 Loan on Policy 15,00,000
Profit on sale of assets 10,000 Agent’s Balance (debit) 10,000 Out standing premium 1,30,000 Sundry Creditors 15,000
Salaries 15,000 Legal expenses 10,000
Audit Fees 12,500 Advertising 7,500
Directors Fees 25,000 Cash at bank 7,00,000
Sundry debtors 1,65,000 Claims outstanding 40,000
Investment in Eq. shares
of company 30,00,000 Consideration for annuities granted 1,00,000
Commission to Agent 1,70,000 Surrenders 75,000
Premiums Less 10,00,000 Interest-dividend received 8,00,000
re-insurance Depreciation on furniture 15,000
Freehold assets and 4,10,000 Administration expenses 1,50,000
Furniture Contingency Reserve 20,00,000
Interest accrued but 1,60,000 Income tax on Int. and 1,10,000
not received dividend
Deposit in RBI 15,00,000
Prepare balance sheet of Rutvi Life Insurance Co. Ltd. as on 31-03-2018 and Revenue account for the year ended 31-03-2018.
OR
Q. 2. (A) The following figures were extracted from the books of Yash Ltd. (09)
Prepare value added statement showing distribution of value added on 31st March, 2018
Particulars Rs.
Staff Welfare Expenses 52,500
Interest and dividend received (Gross) 1,26,000
Interest on Debentures 178,750
Discount allowed 87,500
Loss on Sale of furniture 17,500
Sales 92,40,000
Share transfer fee 49,000
Sale of scrap of raw material 39,900
Particulars Rs.
Rent and taxes (Paid) 67,900
Provision for Income Tax 3,32,500
Other Income 2,62,850 Opening Stock Raw materials 2,10,000 Finished goods 4,90,000 Closing stock Raw materials 3,15,000 Finished goods 4,02,500
Purchase raw materials 38,15,000
Repairs to plant and machinery 22,400
Audit fee 35,000
Advertisement and travelling exp. 91,000
Interest on Loan from bank 96,250
Carriage outward 30,100
Profit and Loss A/c (Opening balance) 1,92,500
Profit and Loss A/c (From current year profit) 4,42,500
Proposed Dividend 3,50,000
Wages, Salaries and Bonus 35,00,000
Contribution to P.F. 1,43,500
Insurance Premium 2,100
Printing and Stationary 1,41,750
Deprecation 1,75,000
(b) State the types of Life Insurance Policies. (03)
Q. 3. Shashi Traders has its Head Office in Mumbai and Branch office (14)
in Delhi, which obtains goods partly from H.O. and Partly from outsiders. The branch keeps a separate set of books. The following balances were extracted on 31-3-2018.
Mumbai H.O. Delhi Branch
Dr. Rs. Cr. Rs. Dr. Rs. Cr. Rs.
Shares capital account - 12,00,000 -
-Plant and Machinary 8,40,000 - -
-Furniture 1,50,000 - 75,000
-Loose Tools 1,20,000 - 54,000
-Profit and Loss A/c
(1-4-2017) - 1,05,000 -
-Debtors and Creditors 6,90,000 1,65,000 30,000 75,000
Cash in Hand 15,000 - 84,00
-Cash at Bank 45,000 - 18,000
Mumbai H.O. Delhi Branch
Dr. Rs. Cr. Rs. Dr. Rs. Cr. Rs.
Salaries & Wages 90,000 - 48,000
-Rent 45,000 - 25,500
-Sundry Expenses 15,000 - 22,500
-Goods from H.O. to
Branch - 2,70,000 2,40,000
-Current Accounts 2,10,000 - - 1,67,400
Opening stock on 1-4-2017 1,50,000 - 1,20,000
-41,70,000 -41,70,000 9,77,400 9,77,400 1) Plant, Furniture and Loose Tools are to be depreciated at 10% p.a., 15% p.a.
and 20% respectively.
2) Stock on 31.3.2018 : Head office 1,95,000, Branch 1,05,000
3) The difference between the balances of the H.O. Current Account and Branch Current Account is due to goods intransit and cash in transit. Prepare columnar trading and Profit & Loss Accounts for the year ended
31-3-2018 and a Combined Balance sheet as at that date and also prepare current account of branch in the books of H.O.
OR
Q. 3. Mohnish Traders has a branch at New York. Its Trial balance as on (14)
31-3-2018 is as follows : Particulars Debit US $ CreditUS $ Plant-machinery 24,000 -Furniture 9,600 -Stock (1-4-2017) 14,400 -Debtors - Creditors 19,200 15,000 Cash in transit 3,000
-Purchase and sales 38,400 1,03,680
Wages 9,600
-Carriage inward 240
-Salaries 3,960
-Rent and taxes 1,800
-Insurance 480
-Trade expenses 240
-Goods received from Indian Co. 12,000
-Cash in hand 720
-Cash in bank 240
-Head office account - 19,200
Additional Information :
1) Calculate depreciation on plant - machinery @ 10% and 5% on furniture. 2) Salary outstanding 360$.
3) The head office has sent goods to branch for Rs. 6,14,400.
4) The head office slows an account of Rs. 12,48,000 due from branch. 5) Stock on 31-3-2018 $ 19,200.
6) Fixed assets were purchased on 1-4-2016 (Exchange rate was 1$ = 65 Rs.) On 1-4-2017 the rate was 1$ = 68 Rs.
On 31-3-2018 the rate was 1$ = 70 Rs. Average rate during the year was 1$ = 69 Rs.
Convert the above trial balance into rupees and prepare the branch accounts in the books of head office.
Q. 4. (A) Discuss the reports presented at different levels of management. (7) (B) State the modern trends in published accounts with reference to - (7)
(1) Format, Lay-out and getup (2) Value added statement.
OR
Q. 4. (A) Discuss the Routine reports and special reports. (7)
(B) State the modern trends in published account with reference to - (7)
(1) Inflation Accouting
