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Author Topic: Financail Statement Analysis Paper- Mumbai University  (Read 2932 times)

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Financail Statement Analysis Paper- Mumbai University
« on: July 14, 2008, 02:05 AM »
question paper
MULUND COLLEGE OF COMMERCE
TYBCBI ? Semester V

FINANCIAL REPORTING ANALYSIS


Q1. From the following information prepare Profit and Loss Account of Vijaya Bank Ltd. For the year ended 31st March 2006 (15)
PARTICULARS Rs. in lakhs
Interest on loans 25.00
Interest on fixed deposits 27.00
Rebate on bills discounted 5.00
Commission 2.00
Salaries 5.00
Discount on bills discounted (net) 15.00
Interest on cash credit 22.00
Depreciation on banks property 4.00
Rent & rates 2.00
Interest on overdrafts 15.00
Directors fees 0.50
Auditors fees 0.50
Interest on saving deposits 7.00
Postage 0.25
Stationary 0.75
Sundry expenses 1.00

Bad debts to be written off amounted to Rs. 4 lakhs. Provide for taxation at 30% of profits and transfer 20% of profit to Statutory Reserve and provide Rs. 3 lakhs for dividends.

OR
Q1. (a) From the following information find out the amount of provisions required to be made in the profit and loss account of Laxmi Bhk Ltd. For the year ended 31st March 2006 (8)

Advances
Standard Assets
Sub-standard Assets
Doubtful Assets
Up to 1 year
1 to 2 years
2 to 3 years
More than 3 years
Loss Assets Rs. In Lakhs
200
120

60
40
30
20
40
Doubtful Assets are secured to the extent of 50% of the amount due

(b) Write Short Notes on the following (7)
(1) CRR & SLR
(2) Capital Adequacy Ratio


Q2. From the figures below prepare Revenue Account of New India Insurance Company Ltd. For the year ended 31st march 2006, showing the surplus for the shareholders and Policy Holders. (15)

Life insurance fund as on 1st april 2005 50
Premiums received 24
Interest and dividend received 18
Bonus in cash 2
Bonus in reduction of premium 1
Claims paid 3
Surrenders 2
Annuities paid 1.50
Expenses of management 2.50
Commission 1.50
Income tax 6.00
Fines for revival lapsed policies 0.50

OR
Q.2. Write short notes on the following (15)
(a) Reserve for unexpired risks
(b) Reinsurance
(c) Surrenders


Q.3. (a) the following balances have been extracted from the books of Golden Traders Ltd. As on 31st march 2006 (10)

Dr. Rs. Cr. Rs.
Share capital (15000 equity shares)
8% redeemable preference shares
Securities premium
Preference shares redemption account
General reserve
Profit & loss account (balance)
Profit for the year


1,10,000 1,50,000
1,00,000
25,000

1,60,000
50,000
35,000

The preference share were redeemed on 30th April 2005 at a premium of 10% but no entries were passed for giving effect thereto, except payment standing to the debit of preference shares redemption account. Directors have recommended payment of dividend on equity shares at 10% after appropriating Rs. 20,000 to general reserve. Prepare schedule of:
(1) share capital and (2) Reserve and surplus
(b) What are accounting standards? What is the need for accounting standards? (5)

OR

Q.3. Write short notes on: (15)
(a) annual report
(b) chairmans statements
(c) CARO balance sheet


Q.4. (a) from following balances, you are required to calculate cash from operations (10)
31st march 2005
(Rs.) 31st march 2006
(Rs.)
Debtors
Bills receivable
Creditors
Bills payables
Outstanding expenses
Prepaid expenses
Accrued income
Income received in advance
Profit made during the year 50,000
10,000
20,000
8000
1000
800
600
300 47,000
12,500
25,000
6000
1200
700
750
250
63,000


(b) what is ratio analysis? What are different types of ratios? (5)

OR

Q.4. write short notes on: (15)
(a). funds flow
(b) common size statement
(c) financial analysis
 

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