| 9th November 2015 05:33 PM | |
| Saksham | Re: Mumbai University B.Com Exam Previous Years Question Papers The University of Mumbai is one of the first three state universities in India and the oldest in Maharashtra Here I am providing you the complete paper Section I-(Auditing) Q.1 (a) What are the advantages and disadvantages of Auditing? Explain. 10 (b) Discuss the different techniques of Audit. 8 Q.2 (a) What are the qualifications and disqualifications of a Company Auditor? 8 (b) Explain the meaning and objectives of verification. 8 Q.3 (a) State the disclosure requirements relating to "Fixed Assets" as per Schedule-VI of the Companies Act, 1956. 8 (b) What do you mean by Test check? What are its advantages and disadvantages? 8 Q.4 (a) Explain basic principles of Auditing. 8 (b) Scrutinise and comments on the following account appearing in the books of Kalakar Ltd. 8 Preliminary Expenses A/c Date Particulars Amount Date Particulars Amount 10-01-07 To Bank A/c (paid to Raj Printers) 10,000 31-03-07 By Profit and Loss A/c 79,300 15-01-07 To Bank A/c (Natwarlal & Co. Solicitors) 26,500 31-03-07 By Balance C/d 3,17,200 25-01-07 To Equity Share capital (Ramanlal, Promoter) 1,00,000 30-01-07 To Equity Share capital (Rajesh, Promoter) 2,60,000 Total 3,96,500 Total 3,96,000 Q.5 Write short notes on any four of the followings:- 16 (a) Clean Audit Report. (b) Casual Vacancy. (c) Audit in Computer Environment. (d) Vouching of Cash Sales. (e) Audit Certificate. (f) Internal Check. Section II - (Costing). Q.6 Deepali Ltd. submits the following information in respect of its product which passes through three consecutive process viz U, P and A for the month ended 29th February, 2008: 20 Particulars U Process P Process A Process Quantitative Information Basic Raw Material at Rs. 15.00 per k.g. (Kgs.) 60,000 - - Output during the month (Kgs.) 46,500 31,000 19,000 Stock of Process Output On 01-02-2008 (Kgs.) 6,000 5,000 4,000 On 29-02-2008 (Kgs.) 7,500 6,000 3,000 Other Additional Information Process Material (Rs.) 2,55,000 5,40,000 4,50,000 Direct Labour (Rs.) 1,45,000 1,05,000 90,000 Machine Overheads 80% of 150% of 40% of Direct Other Process Labour Factory Material Overheads Other Factory Overheads (Rs.) 1,68,000 2,25,000 97,000 Normal Loss (%) 20% 30% 40% Value of Opening Stock per kg. (Rs.) 29 70 145 Scrap Value Per Kg. (Rs.) 12 14 16 The Percentage of normal loss is computed on the number of units entering in the process concerned. Closing stock is to be valued at the respective cost of each process during the month. You are required to prepare: (a) Process Accounts (b) Process Stock Accounts (c) Normal Loss Account (d) Abnormal Loss Account (e) ) Abnormal Gain Account. Mumbai University B.Com Auditing and Costing Exam Previous Years Question Paper     |
| 9th November 2015 04:17 PM | |
| Unregistered | Mumbai University B.Com Exam Previous Years Question Papers Sir I am preparing for the B.Com Auditing & Costing exam so can you please provide me the Mumbai University B.Com Exam Previous Years Question Paper |
