M NAN , . .Managed By : UTTARI BHARAT SABHA CRegd.)

NAAC Accreditation: 'A' Grade

Station Road, Datar Colony, Bhandup (East), Mumbai -400 042.Tel.: 2566 6691 /25662921 • Email: info@radav.org

1\ 0\111', 'n,l\~\ADDITIONAL TIME TABLE (SEM-IIIIV)

APRIL 2016

B.COM (ACCOUNTING & FINANCE)l' F.Y.ACCOUNTING & FINANCE S.Y.ACCOUNTING &- ~- (SEM-II) E-- FINANCE (SEM-IV)<-- ~- TIME SUBJECT SUBJECTTIMEI!li 7.30 a.m.

Financial Accounting 7.30 a.m. to Financial1I -

_016 to 10.00 01.04.2016paper-~ V 10.00 a.m. Accounting - IV

a.m.I

7.30 a.m.7.30 a.m. to Managementes ._016 to 10.00 Auditing paper -I 04.04.201610.00 a.m. Accounting - I

a.m. ~ V7.30 a.m.

Financial Management 7.30 a.m. to-_ - __016 to 10.00 06.04.2016 Taxation Paper - IIPaper - T W-O.OO a.m.

lia.m. 'v/ v/

7.30 a.m.Taxation V ..\\ 7.30 a.m. to_. -._016 to 10.00

(Indirect Taxes) Paper - I ~.04.201610.00 a.m .

Commerce Paper - IIa.m. -:

7.30 a.m.7.30 a.m. to

- ._016 to 10.00 Business Law - Paper - I 13.0~ /' Business Law - IIIV· 10.00 a.m.

a.m.

7.30 a.m.Quantitative Methods for 7.30 a.m. to Information__016 to 10.00 18.0~- . Business Paper - I 10.00 a.m. Technology Paper -I1

a.m., t>

7.30 a.m.Business Cc.umunication \/ 7.30 a.m. to Foundation Course -__ . -._016 to 10.00

Paper - II21.04.2016

10.00 a.m. IIa.m.

MARKS: 75 Duration : 2"12 Hours

F.Y.B.A.F. (SEM-II)(ADDITIONAL EXAM)

SUB: QUll111l11"1 MllRODS fOBBUSIIISSDate: _

Note: (1) All questions are compulsory.(2) Figures to the right indicate marks.(3) Use of simple calculator is allowed.(4) Graph paper is provided on request.

Q.l Choose the correct alternative from the following: [15](1) For the revenue and cost functions as R = 20x and

C = 10x + 100, the break even point is at(a) 20 (b) =5(c) 10 (d) = 12

(2) If amount of ~ 50,000 becomes ~ 65,000 in 3 years, the rate ofsimple interest must be(a) 8% (b) 10%(c) 12% (d) None of these

(3) The future value of an amount is always its presentvalue.(a) greater than (b) less than(c)equal to (d) None of these

(4) In a survey, the data is called in a(a) Random manner (b) Systematic manner(c)Haphazard manner (d) None of these

(5) The classification of workers according to sex type and age is(a) three way (b)median(c)one way (d) None of these

(6) Statistics is used in(a) Business (b)Agriculture(c)Medicine (d) All of these

(7) The histogram can be used to locate graphically the value of(a) Mean (b) Median(c)Mode (d) None of these

(8) If the number of students sub-divided as boys and girls in 5divisions of F.Y.B.Com. are to be represented, it is better to use(a) Simple Bar Diagram (b) Multiple Bar Diagram(c)Sub-divided Bar Diagram (d) None of these

(9) If the value of Median and Mode are 42 and 47 respectively, thevalue of arithmetic mean can be(a) 39.5(c) 52

(b) 45(d) None of these

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(10) If there are extreme valu s present in the data, the followingmeasure is suitable:(a) Median (b)Arithmetic Mean(c)Both (a) and (b) (d) None of these

(11) If the value of coefficient of variation is more, the consistency ofthe data is(a) More (b) Less(c) Same (d)None of these

(12) The suitable measure of dispersion to indicate extreme variationsin the data is(a) Range (b) Mean deviation(c)Both (a) and (b) (d)None of these

(13) The combined measure for two or more groups can be calculatedfor the following Measure of Dispersion(a) Mean deviation (b)Range(c) Standard deviation (d)None of these

(14) If the quantities are measured in kgs and prices are measured inrupees, the index number is measured in(a) ~ (b) kgs.(c)kgs. ~ (d) one of these

Q.2 (a) Find the average cost function and the marginal cost function, ifthe cost function is given by C = 2Q - 2Q2 + Q3. [7]

(b) The manufacturer produces x packets of biscuits per day. Thefixed cost is ~ 1,000 per day. The cost of manufacturing is ~ 18per packet and distribution charges are ~ 2 per packet. Find thetotal cost function. Also find average cost function and theirvalues for x = 50. [8]

OR(a) A sum of money amounts to ~ 43,200 in 1 year and ~ 49,600 in 3

years at a certain rate of" [8]

(b) In how many years will ~ 6,400 amount to ~ 7,168 at 4% p.a.simple interest? [7]

Q.3 (a) In W.D.D. College of Commerce, the number of students inF.Y.B.Com., S.Y.B.Com. and T.Y.B.Com. were 560, 535 and 525respectively.There were 250 boys in F.Y.B.Com. and the rest were girls.The number of girls in S.Y.B.Com. was more than the number ofboys by 95 while in T.Y.B.Com., the number of girls was doublethe number of boys.Present the above information in a suitable tabular form. [7]

FYBAF/QM/2

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(b) Present the following data in a suitable tabular form: [8]

In a market survey of 25,000 women from Mumbai, exactly one-fourth were non-Maharashtrian, 15 out of every 25 women wereemployed and 70% of Maharastrians were employed.

60% of employed Maharashtrian women and 20% of employednon-Maharashtrians were married.

The number of unmarried Maharashtrian women who wereunemployed was 3,250 and 1,435 unmarried non-Maharashtrianwere not employed.

(a) Following is the distribution of marks of 60 children: [7]Marks 10-19 20-29 30-39 40-49 50-59 60-69# of 4 6 10 18 12 10students

Obtain:(1) Class boundaries for all classes.(2) class marks(3) Width of the class intervals(4) Less than cumulative frequency distribution

(b) D h· t [8]~ th ~ 11 di t ib fraw a IS ogram or e 0 owing IS ri u Ion:Income # of Families

200 - 300 27300 - 400 30400 - 500 45500 - 600 25600 -700 18

Q.4 (a) The average marks of a group of 100 students in Accountancy are60 and for another group of 50 students, the average marks are90. Find the Average Marks of combined group of 150 students.

[7]

(b) Find the median and the (i) seventh decile; (ii) eighty seventhpercen tile. r81Rainfall 20-25 25-30 30-35 35-40 40-45 45-50 50-55# of years 2 5 8 12 10 7 6

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-/(a) Find the coefficient of Quartile deviation: [7]

Class 5-10 10-15 15-20 20-25 25-30 30-35 35-40Frequency 6 8 17 21 15 11 2

(b) From the following distribution, find the standard deviation. [8]x 20 30 40 50 60 70 80 90f 5 8 12 9 7 5 2 1

Q.5 (a) Calculate the Standard Deviation of the combined group of 300items from the following data: [7]

Group - I Group - 11# of Items 100 200

A.M. 83 87S.D. 16 9

(b) From the following data, calculate(i) 12 (ii) 1p (iii) 1F (iv) 1DB

[8]

Commodity Base Year Current YearPrice Quantity Price Quantity

Rice 4 15 5 20Pulses 8 20 12 30Sugar 6 25 8 20Oil 14 16 21 15

(a) Calculate for the following data, the index number as givenbelow: [7](i) Weighted Aggregative Method(ii) Weighted Average of Price RelationsCommodity Weight Price in ~

Base Year Current YearA 130 550 1345B 450 630 1250C 75 150 335D 225 450 778E 120 225 886

(b) The values of mean and Standard Deviation for 50 observationswere 475 and 25 respectively. It was observed that one item waswrongly considered as 400 instead of 500. Find the correctedand S.D. [8]~T~T~T~ Q.2

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F.Y.B.A.F. (SEM-II)(ADDITIONAL EXAM)

SUB: INTRODUCTION TO FINANCIAL MANAGEMENTDate : _

MARKS: 75 Duration: 2% Hours

Note: All questions are compulsory, subject to internal choice.Each question carries 15 marks.

Q.1 (A) State whether the followille atatemcnt. r TN(Any EIGHT)(1) Compounding technique shows present value.(2) Depreciation should be added back to Net Profit after tax to

get cash inflow.(3) Payback period is the period required to recover the initial

investment outlay.(4) All sources of capital have the same cost.(5) Cost of capital represents maximum rate of return.(6) Debt is cheaper than equity.(7) Payback period method considers time value of money.(8) ARR Method considers time value of money.(9) Cost of Investment is part of cash outlay.(10) The project with higher NPV should be rejected.

(B) Match the following: (Any SEVEN) [71Group 'A' Group cB'

(1) Capital Budgeting (a) NPV(2) Modem Method (b) Capital Expenditure Projects(3) Traditional Method (c) Issue of new securities(4) Floatation Cost (d) Lowest(5) Cost of Debt (e) Future sums are converted(6) Present Value Approach into present sum(7) Profitability Index (f) Payback period(8) Composite cost (g) Weighted average cost of(9) Finance capital(10) Capital budgeting (h) Life blood of the organization

(i) Capital expenditure decisionm Proportion between cash

inflow and cash outflow

Q.2 Given below are the likely returns in case of SS Ltd. and KS Ltd. in thevarious economic conditions. Both the shares are presently quoted at~ 10 per share. [15]

FYBAFjFMjl

onomic Profitability Return ofons SS Ltd. KS Ltd.

0.3 22% 30%0.4 25% 34%

Recession O.B 15% 18%Find out the expected return and make an analysis through standarddeviation of both the securities:(a) Which of the two companies are risky investment find out on the

basis of eo-variance.(b) If Mr. A wants to inve t in anyone of th -two companl f which

one is the best option lo invest?

OR

Q

Q.2 (a) Mr. Swaraj has invested ~ 5,00,000 in a scheme @ 10% p.a.compounded half yearly. Find out what will the amount becomeat the end of one year. [5]

(b) Triveni Industries Ltd. Equity Shares is currently quoted at ~ 68.Next year, the company would pay dividend of ~ 8.16 per share of~ 10. The investor expects a growth rate of 6% p.a. Compute:(i) Company's cost of equity capital.(ii) If the anticipated growth rate is 8% p.a., what would be the

indicated market price of the share if the dividend of ~ 9.80per share is to be declared in next year at the same cost ofequity capital. [10]

Q

Q.3 SK Ltd. wishes to buy a machine costing ~ 2,00,000. The life of thismachine is 10 years and its scrap value would be ~ 5,000.The following details are provided :Average Annual Net Profit Before Tax ~ 20,000Tax Rate 35%Depreciation (already charged)" SLM basisCalculate: (i) Payback period

(ii) Payback profitability(iii) ARR (Accounting Rate of Return Method) [15]

Q.!

OR Q.!

Q.3 Bata Company Ltd. is considering the following three investmentproposals requiring a net cash outlay of ~ 1,20,000, ~ 1,70,000 and ~2,40,000 respectively. The after tax cash inflows are tabulated below:

[15]Rank these projects in order of their profitability according to theProfitability Index Method.

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Year After Tax Cash Inflows P.V.ofRe.lProject X Project Y Project Z @15%

~ ~ ~ DiscountingFactor

1 10,000 50,000 90,000 0.8702 30,000 65,000 1,20,000 0.7563 45,000 85,000 70,000 0.6584 65,000 50,000 50,000 0.5725 45000 .. ". 35000 20.000 0.497 f ~,,~.

Q.4 A company issued 8% Debentures of the face value of ~ 1,000redeemable at par after 5 years. Assuming 35% tax rate and 5%floatation cost, determine the before tax and after tax cost of debt ifthe Debentures are issued at (i) Par; (ii) 5% Discount; (iii) 10%prernrum. [15]

OR

Q.4 From the following capital structure of Perfect Ltd., calculate overallcost of capital using:(a) Book Value Weights'b) Market Value Weights

Sources Book Value Market ValueEquity Shares of~ 10 each 4,50,000. 9,00,000Retained Earnings 1,50,000 --Preference Share Capital 1,00,000 1,00,000Debentures 3,00,000 3,00,000

The after tax cost of different sources of finance are Equity ShareCapital 14%, Retained Earnings 13%, Preference Shares 10% andDebentures 5%.

Q.5 (a) What are the functions of finance manager?(b) Explain the concept of cost of capital.

[8][7]

OR

Q.5 Write short notes on : (Any THREE)(a) Concept of Time Value of Money(b) Accounting Rate of Return(c) Trading on Equity(d) Net Present Value(e) Payback Period~T~T~T

[15]

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F.Y.B.A.F. (SEM-II)(ADDITIONAL EXAM)

SUB: FINANCIAl ACCOUNTINGDate: _

MARKS: 75 Duration: 2% Hours

Q.I (a) State whether True or False : (Any EIGHT) [8](1) In Departmental Accounting, each Department is treated as

a separate entity for the purpose of recording and reporting.(2) Freight inward, octroi, etc. are allocated on the basis of sales

of each Department.(3) Rent of Building is allocated on the basis of number of

employees of each Department.(4) Sales Salaries is an example of an indirect expense.(5) The income, expenses, assets and liabilities of an

independent branch can be ascertained only by the H.O.(6) Under Stock and Debtors Method, Branch Stock A/c is

opened in order to ascertain Net Profit/Loss of Branch.(7) When goods are sent at invoice price, Branch A/ c is opened

under Stock and Debtors Method, in order to ascertainGross Profit/Loss of Branch.

(8) Hire Purchase price is the purchase price payable if fullpayment is made immediately.

(9) Down payment means the total amount payable by thehirer.

(10) Consignment is a sale between the consignor and theconsignee.

Q.I (b) Match the following: (Any SEVEN)'A' 'B'

[7]

(a) Credit Sales(b) Goods consigned .(c) Bad Debts when no del

credere commission is paid(d) Depreciation(e) Actual Cash Price Method(f) Full Cash Price Method(g) 20% load on cost(h) Load at 33.33% on sale

pnce(i) Freight inward, octroim Lighting

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(1) Load at V20fcost(2) Purchases of each

Department(3) Provided by the hire

vendor, on cash price(4) Asset Accrual Method(5) Debit to Consignor's A/ c(6) No entry(7) Credit to Consignor's A/ c(8) No. of point 111 each

Department(9) Load at 1/6 of sale price(10)Credit Purchase Method

Q.II (a) Prepare Departmental Trading and Profit & Loss AI c for twoDepartments viz. Chairs Department and Dolls Department forthe year ended 31st March, 2014. [15]

Particulars fOpening Stock:

Chairs 7,500Dolls

Raw Materials consumed:Dolls plus Chair 1,80,000

Stores consumed 45,000Wages:

Dolls.

15,000Chairs 30,000

Advertisemen t 7,500Packing Expenses (Dolls) 3,000Office Expenses 24,000Depreciation :

On Factory Equipment 16,000On Building 8,000

Sales:Chairs 4,50,000Dolls 90,000

Closing Stock:Chairs 60,000Dolls 30,000

(1)(2) .

(3)

Doll making does not require any equipment.

Only ! of Building is occupied by8

Divide Office Expenses in the ratio of 5 : 1 between Chairsand Dolls Department respectively.Value of Raw Materials used by Dolls Department is f10,000.Divide Stores Consumed on the basis of Raw Materials used.Advertisement Expenses be allocated appropriately.

(4)

(5)(6)

OR

Q.II (b) Gupta Traders of Patna have their Branch at Mumbai. Preparethe necessary accounts in the books of the Head Office from thefollowing transactions with the Branch : [15]

Particulars Amt. Particulars Amt.Opening Balances : Closing Balances :- Petty Cash at Branch 1,250 - Petty Cash at Branch 1,880- Stock at Branch 77,000 - Debtors at Branch 1,26,150- Debtors at Branch 41,250 - Stock at Branch 57,880

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9,000

Discount allowed tocustomers

Amount remitted by theBranch

Cash SalesRealizations from Debtor

Mr. Sharma to whomgoods are sold byBranch directlyremitted to amount toH.O.

Goods sent to Branchduring the year

Amount remitted to theBranch:

For Petty Cash ExpensesFor SalaryFor Rent and Taxes

3,78,000 1,060

7,50018,5006,000

26,2504,10,350

Q.III (a) On 1.1.2010, M has purchased a Machinery from A and paid ~8,000 at the time of delivery. The cash price was ~ 48,000. Thebalance amount was paid in the following four instalments on the31st December every year with interest @ 5% on cash price: ~12,000 on 31.12.2010; ~ 11,500 on 31.12.2011; ~ 11,000 on31.12.2012 and ~ 10,500 on 31.12.2013.Machinery was to be depreciated at 10% p.a. on ReducingBalance Method. [15]

(b) M/s. Diamond Cements Ltd., Narsinghgarh consigned to M/s.Somani Bros. of Bhopal 5,000 cement bags costing ~ 80 per bag.M/s. Diamond Cement Ltd. paid ~ 4,500 for railway freight, ~2,500 for insurance and ~ 2,200 for sundry expenses.On receipt of consignment, M/s. Somani Bros. accepted a bill for~ 2,00,000 which was discounted by the consignor at the bankfor ~ 1,99,500 and discount was charged to ConsignmentAccount.M/s. Somani Bros. sent an Account Sales which shows as :(1) Cash Sales of 4,000 bags ~ 95 each.(2) Expenses paid by Somani Bros. were :

(i) Godown Rent ~ 2,000(ii) Selling Expenses ~ 6,000(iii) Somani Bros. remitted the balance due by Bank Draft

after deducting their expenses and commission at 2%on gross sales.

Show Consignment Account and Consignee Account in the booksof Consignor and the Consignor's Account in the books of theConsignee. [15]

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Q.IV (a) On July 1, 2012, Eastern Printers purchased a printing machine(cash price ~ 30,000) on a hire purchase basis, payments to bemade ~ 10,000 on the said date and the balance in 3 half-yearlyinstalments of ~ 8,200; ~ 7,440 and ~ 6,300, commencing fromDecember, 2012. The vendor charged interest at 10% per annumcalculated on half-yearly rests.

Eastern Printers close their books annually on 31 st December ofevery year and provide depreciation at 10 per cent per annum ondiminishing balance in each year.

Show the necessary Ledger Accounts III the books of EasternPrinters. [15]

Q.IV (b) Trading and Profit & Loss Ajc of G.E. Radio and GramophoneEquipment Co. for the six months ended on 31.3.2014 ispresented to you in the followingform: [15]

Particulars ~ Particulars ~Purchases: Sales:

Radios (A) 1,40,700 Radios (A) 1,50,000Gramophones(B) 90,600 Gramophones(B) 1,00,000Spare Parts (C) 64,400 Spare Parts (C) 25,000

Salaries & Wages 48,000 Stock (Closing):Rent 10,800 Radio 60,100Sundry Expenses 11,000 Gramophones 20,300Profit 34,500 Spare Parts 44,600

4,00,000 4,00,000

Prepare Departmental Accounts for each of 3 Departments A, Band C mentioned above after taking into consideration thefollowing information :(1) Radios and Gramophones are sold at the workshop.(2) Salaries and Wages comprise as follows:

Showroom %, Workshop 1/4• It was decided to allocate theshowroom salaries and wages in the ratio of 1 : 2 betweenthe Departments A and B only.

(3) The workshop rent is ~ 1,000 per month. The rent ofshowroom is to be divided equally between Departments AandB.

(4) Sundry Expenses are to be allocated on the basis of theturnover of each Department.

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orkshop.

Q.V (a) Explain Departmental Accounting. Explain Closing Stock attransfer value. [8]

(b) Explain Branch Account? Features of Dependent Branch. [7]

Q.V Write short notes: (Any THREE)(a) Meaning of Departmental Accounting(b) Explain Debtors Method(c) Hire Purchase Agreement(d) Features of Consignment(e) Expenses included in Cost of Consignor

[15]

~~~~~~~-~~---~~~~~~"""'-~~only.

1,000 per