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Day Date
Semester
Subject Name
Time
Code
Marks
Friday 27/04/2018
II (Fresh/ Repeater)
Advanced Management Accounting Audit Advanced Cost Accounting Auditing Paper I
11. 00 AM to 02. 00 PM
210602
100
Instructions: Question No.1 is compulsory. Attempt any three from Q.2 to Q.5
Q.1
The cost details of a company are given for the year ending on 31st March 2017.
25
Rs.
Rs.
Opening stock of Raw-material
12,500
Office Rent
8,800
Closing stock of
8,800
Office Electricity
2,200
Raw material Purchase of
3,35,000
Sunday Office Expenses
1,800
Raw material wages
1,25,000
Opening stock of
12,000
Factory Power
8,800
Finished Goods Closing stock of
18,000
Factory Rent
12,000
Finished goods Depreciation on
5,000
Other factory expenses
13,800
Plant Machinery Depreciation on office
3,000
Indirect wages
4,500
Fixed Assets profit on sale of Investment
2000
Office Salary
24,000
Debenture interest
12,000
For costing Factory Overhead is charged at 20% on Prime cost.
Office overhead is charges at 10% of Work Cost.
The selling price was fixed by adding profit at the rate of 25% on total cost as per cost records.
Prepare the Finance Statement and cost statement and reconcile the profits as per both the records.
Q.2
Following is the Balance sheet of Lava Ltd. as at 31st March 2017:
25
Liabilities
Rs.
Assets
Rs.
Creditors
20,8000
Cash
10,000
Advance Income
20,000
Inventory
170000
Provision for Taxation
50,000
Machinery
4,20,000
Provision for Depreciation
Advances
14,000
On Land Building
60,000
Furniture
2,10,000
On Machinery
70,000
Goodwill
1,54,000
On Furniture
80,000
Investment
98,000
General Reserve
2,46,000
Bank Balance
56,000
10% Debentures
1,54,000
Preliminary Expenses
40,000
12% preference Shares
10,00,00
Land and Building
5,08,000
Public Deposits
1,00,000
Debtors
2,20,000
Bank overdraft
1,04,000
Bills Receivable
50,000
Equity share capital
5,00,000
Patents and patterns
1,20,000
Page 2 of 2
Bills payable
40,000
Discount on issue of Debentures
22,000
Profit Loss A/C
2,60,000
Capital Redemption Reserve
1,00,000
20,92,000
20,92,000
Additional information:
General Reserve includes Rs. 6,000 being reserve for Bad Debts
Marketable Investments included in investment is Rs.
You are required to prepare Communize Balance Sheet in vertical form.
Q.3
From the following figures prepare a reconciliation statement
15
Particulars
Cost Books
Financial Books
Profit
50,000

Manufacturing over heads
8,000
6,000
Bad debts

5000
Office overhands
8500
7000
Directors fees

2000
Tax paid

15000
Depreciation
11250
12000
Share Transfer Fees

1000
Selling overheads
5000
8000
From the following details prepare comparative Balance sheets in the books of Kajol Ltd.
07
Particulars
2015
2016
Particulars
2015
2016
Bills payable
50,000
75,000
Cash
10,00,00
14,00,00
Creditors
150,000
2,00,000
Debtors
20,00,00
30,00,00
Tax payable
100,000
15,00,00
Stock
10,00,00
10,00,00
10% Debentures
1,00,000
1,50,000
Land
20,00,00
30,00,00
12% preference shares
3,00,000
3,00,000
Buildings
30,00,00
2,70,000
Equity shares
4,00,000
4,00,000
Plant
30,00,00
2,70,000
Reserves
2,00,000
2,45,000
Furniture
10,00,00
1,40,000
13,00,000
15,20,000
13,00,000
15,20,000
Q.4
Discuss the types of computer systems
12
Explain CSR with case study of any one company.
13
Q.5
What are the steps involved in activity based costing.
12
Define Government Audit Explain various problems of auditing in government departments.
13