6565 (Pages: 3) Reg. No.
Name.....
M.B.A. DEGREE EXAMINATION, FEBRUARY 2008
First Semester
First Semester
ACCOUNTING FOR MANAGEMENT
toe: Three Hours Maximum : 60 Marks
Section A
Answer any five questions. Each question carries 3 marks.
1. Define Accounting.
2. What is meant by dual aspect concept ?
3. What is Balance Sheet ?
4. Explain three causes of depreciation.
5. Define Leverage.
6. What is batch costing ?
7. What is zero base budget ?
8. What is Break-Even-Point ? How it is calculated ?
(5 x 3 = 15 marks)
SectionB
Answer all questions. Each question carries 5 marks.
9. (a) Explain the various Accounting concepts.
Or (b) Pass necessary Journal Entries for the following :
January 2007 1 X started business with capital of Rs. 1,00,000 4 Cash Deposited into Bank Rs. 50,000 6 Purchase of goods by cheque Rs. 10,000 10 Sold goods for cash Rs. 5,000 15 Paid salaries Rs. 1,000
10. (a) Distinguish between Management and Financial accounting.
Or (b) Explain the significance of computerised accounting system in todays business world.
11. (a) What are the merits of Ratio Analysis ?
Or
Turn over
(b) From the following Balance Sheets, you are required to prepare a cash flow statement.
BALANCE SHEETS AS ON 31ST DECEMBER
Liabilities | 2005 | 2006 | Assets | 2005 | 2006 |
Rs. | Rs. | Rs. | Rs. | ||
Capital | 2,00,000 | 2,50,000 | Cash | 30,000 | 47,000 |
Creditors | 70,000 | 45,000 | Debtors | 1,20,000 | 1,15,000 |
Profit and Loss A/c. | 10,000 | 23,000 | Stock | 80,000 | 90,000 |
Land | 50,000 | 66,000 | |||
2,80,000 | 3,18,000 | 2,80,000 | 3,18,000 |
12. (a) Discuss the various uses of break even analysis in the business.
Or
(b) You are given the following data for the year 2006 of the company.
Variable cost Rs. 6,00,000
Fixed cost Rs. 3,00,000
Net Profit Rs. 1,00,000
Sales Rs. 10,00,000
Find (i) P/V Ratio ; (ii)BEP ; and (iii) Profit.
When sales amounted to Rs. 12,00,000.
Variable cost Rs. 6,00,000
Fixed cost Rs. 3,00,000
Net Profit Rs. 1,00,000
Sales Rs. 10,00,000
Find (i) P/V Ratio ; (ii)BEP ; and (iii) Profit.
When sales amounted to Rs. 12,00,000.
13. (a) What are the objectives of Budgeting?
Or
(b) A company working at 50% capacity manufacturers 10000 units of a product. At 50% capacity the product cost is Rs. 180 and sales price is Rs. 200. The break up of the cost is as below :
cost per unit
Material Rs. 100 Wages Rs. 30 Factory Rs. 30 (40% fixed) Administration overhead Rs. 20 (50% fixed) |
At 60% working raw material cost goes up by 2% and sales price falls by 2%. At 80% working the raw material cost increases by 5% and sale price decrease by same percentage i.e. 5%. Prepare a statement to show profitability at 60% and 80% capacity.
(5 x 5 = 25 marks)
Section C
Compulsory Question. It carries 20 marks.
14. From the following, prepare Trading, Profit and Loss Account fore the year ended 31st December 2006.
Rs. |
| Bad debts100 Wages10,200 Land13,200 Plant18,500 Furniture2,500 Lorries8,000 Debtors5,800 Loans10,000 Capital20,620 Salaries12,600 Advertisement1,200 |
Rs.
Cash ... 2,000
Stock (1-1-2006) ... 8,320
Creditors ... 7,500
Bills receivable ... 600
Bank overdraft ... 3,700
Sales ... 58,000
Purchase returns ... 400
Packing ... 500
Purchases ... 15,200
Travelling expenses ... 1,600
Sales returns ... 200
Discount received ... 300
Adjustments:
Adjustments:
Provide for depreciation at 20% on Plant and 2% on Land. Create a bad debts reserve of 3% on debtors. An amount of Rs. 300 was outstanding under a new insurance policy. Travelling expenses were overdrawn by the employees to the extent of Rs. 200. Closing stock was valued at Rs. 7,500.
(20 marks)
(Pages: 4) Reg. No...........'..........................
Name.........................................
M.B.A. DEGREE EXAMINATION, FEBRUARY 2006
First Semester
First Semester
ACCOUNTING FOR MANAGEMENT
Time: Three Hours Maximum: 60 Marks
Section A
Answer any five questions.
Each question carries 3 marks,
Each question carries 3 marks,
- -What is Money measurement concept ?
- What is meant by Adjusting Entry ? Give two examples.
- Vhat is meant by break-even-point ?
- Distinguish between Trial Balance and Balance Sheet.
- What is meant by material mix variance ?
- . Distinguish between product cost and period cost.
- What is meant by deferred revenue expenditure ? Give an example.
- Distinguish between current ratio and liquid ratio.
(5 x 3 = 15 marks) Section B
Answer any five questions. Each question carries 5 marks.
9. what is meant by subsidiary books ? Explain the purpose of keeping subsidiary books.
Or
Distinguish between accounting concepts and conventions: Mention any five accounting concepts. Explain;the accounting treatment of the following :—
(a) Closing Stock.
(b) Provision for discount on creditors.
(c) Outstanding expenses.
(d) Interest on capital.
Or .
Distinguish . between absorption costing and marginal costing.
Distinguish . between absorption costing and marginal costing.
11. What are the elements of coat V Explain their position in a cost sheet.
Or
Tilak Enterprises furnishes you the following information relating to "two periods:
2003—2004 Rs. 10,00,000 9,00,000 |
2004—2005 Rs. 15,00,000 12,00,000 |
Year
Sales
Total cost
Determine :
(a) P/V ratio.
(b) Fixed cost.
(c) Break-even sales.
(d) Sales to earn a profit of Rs. 5,00,000.
(e) Margin of safety when profit is Rs. 1,50,000.
12. What are the objectives of budgetary control ?
Or
12. What are the objectives of budgetary control ?
Or
ABC Ltd. have prepared the budget; for the production of 1,00,000. units of the only commodity manufactured by 'them for a costing;period as under:
Rs(lakhs) 25.20 7.50. 1.00 22.50 4.00 2.00 |
Raw material
Direct Labour.
Direct Expenses
Works overhead (60 % fixed)
Administrative overhead (80 % fixed)
Selling overhead (50 % fixed)
The actual production during the period wasonly 60,000 units. Calculate the'revised budgeted
cost per unit
cost per unit
13. Explain various uses of financial statement analysis.
Or
Explain the uses of leverage ratios for the long term creditors.
(5 x 5 = 25 marks)
Section C (Compulsory Questions)
Each question carries 10 marks. \
XYZ Ltd.. (Rs.) 3,00,00,000 18,00,000 80,00,000 60,00,000 60,00,000 50,00,000 20,00,000 1,60,00,000 80,00,000 41,00,000 4,00,000 |
14. The following are the data extracted from the published accounts of two companies in an industry the year ended 31st March 2005 :
ABC Lid.
Sales Net profit Equity capital (shares of Rs. 10) General Reserve Long Term Debt Creditors Bank Overdraft Fixed Assets Inventories Sundry Debtors Cash and Bank Balance |
(Rs.)
3,20,00,000
20,00,000
1,00,00,000
25,00,000
80,00,000
30,00,000
6,00,000
1,60,00,000
30,00,000
50,00,000
5,00,000
you are required to prepare a statement of comparative ratios showing the liquidity, profitability, vity and solvency position of the two companies. The corporate tax rate is 30 percent.
(10 marks)
15. following are the comparative balance sheets of Progressive Ltd as on 31st March. You are uired to prepare Fund Flow statement and schedule of changes in working capital after sidering the information given below :
(a) Depreciation charged on plant was Rs. 40,000.
(b) Provision, for taxation of Rs. 1,90,000 was made during the year 2004-2005.
(c) Interim dividend of Rs. 80,000 was paid during the year.
Comparative Balance Sheets Liabilities
2003—2004 | 2004—2005 |
(Rs.) | (Rs.) |
10,00,000 | 10,00,000 |
1,40,000 | 1,80,000 |
1,60,000 | 1,30,000 |
80,000 | 54,000 |
12,000 | 8,000 |
1,60,000 | 1,80,000 |
4,000 | 6,000 |
15,56,000 | 15,58,000 |
Share Capital General Reserve Profit and Loss account Sundry Creditors Bills payable Provision for taxation Provision for Bad debts |
.1 J. |
4 , . F 5372
Assets
2003—2004 2004—2005
(Rs.) (Rs.)
Goodwill ... 1.20,000 1,20,000
Buildings ... 4,00,000 3,60,000
Plant . 3,70,000 3,60,000
Investments '... 1,00,000 1,10,000
Stock .. 3-00,000 2,34,000
Bills Receivable ... 20,000 32,000
Debtors .... 1-80,000 1,90,000
Cash at Bank .... 66,000 1,52,000
15,56,000 15,58,000 (10 Marks)
M.B.A. DEGREE EXAMINATION, JANUARY 2005
Faculty of Management
First Semester
ACCOUNTING FOR MANAGEMENT
Time: Three Hours Maximum: 60 Marks
Section A .
Answer any five questions.
Each question carries 3 marks.
Answer any five questions.
Each question carries 3 marks.
- What is meant by "business entity concept" ?
- What is a subsidiary book ? Give three examples.
- Differentiate between errors of omission and errors of commission.
- What is meant by principal budget factor ?
- What is a flexible budget ?
- What do you mean by capital getxing ?
- Distinguish between job costing and process costing.
- Distinguish between material mix variance and material yield variance.
, (5 x 3 = 15 marks)
Section B
Answer any five questions.
Each question carries 5 marks.
Each question carries 5 marks.
9. What is meant by Trial Balance ? How is it prepared ?
Or '
What is meant by depreciation ? Mention different methods of depreciation accounting.
10.Distinguish between liquidity ratios and solvency ratios.
Or
Following are the ratios relating to the activities of Deshabandu Traders Ltd; Debtors velocity : 3 months, Stock velocity : 8 months Creditors velocity : 2 months, Gross profit ratio : 25%
Gross profit for the year ended 31st March, 2003 amounts to Rs. 40,00,000. Closing stock of the year is Rs 1,00,000 above the opening stock.
Find out (a) Sales; (b) Sundry Debtors; (c) Closing stock; and (d) Sundry creditors.
11. Explain briefly the applications of marginal costing ?
Or
Discuss the importance of the following in relation to marginal costing : (1)'. even point; (2) Margin of safety; (3) Contribution; and (4) Profit volume ratio.
12. |
Describe briefly the procedure for establishing standard costs i within the divisions material, labour and overhead costs.
Or
A manufacturing concern which has adopted standard costing furnishes the information :
100kg. Re. 1 per kg. 2,10,000kg. 2,80,000kg. Rs. 2,52,000. |
Standard :
Material for 70 kg. finished products Price for materials
Actual: Output
Materials used Cost of materials
Calculate : (a) Material usage variance; (b) Material price variance; and (c) Material
variance. ;
variance. ;
13. Distinguish between adjusting entries and closing entries. What are the closing
for the preparation of fading; Profit and Loss Account ? !
for the preparation of fading; Profit and Loss Account ? !
Explain the accounting treatment of the following :-
(a) .Out standing wages;.Bs.:2Q,000.
(b); Interest on capital Rs. 7,500
(c) 5% Provision on Debtors of Rs. 50,000 for Bad and Doubtful debts.
(d)r Rent received in advance Rs. 8,000. .
(5x5=25)
(5x5=25)
Section C (Compulsory)
Each question carries I0 marks.
14. With the following data for a 60 per cent activity prepare a flexible budget for at 75 per cent;, 90 per cent and 100 per cent activity. Show the cost per unitii levels of activity.
Materials :, Rs 100 per unit
Labour : Rs 40 per unit
3
Profit Rs. 4,00,000 5,00,000 |
Expenses . : Rs. 10 per unit
Factory Expenses : Rs. 40,000 (40 per cent fixed)
Administration Expenses : Rs. 30,000 (60 per cent fixed) 10 marks
15. The sales turnover and profit during two years were as follows
Factory Expenses : Rs. 40,000 (40 per cent fixed)
Administration Expenses : Rs. 30,000 (60 per cent fixed) 10 marks
15. The sales turnover and profit during two years were as follows
(10 marks) |
Year |
Sales
Rs.
2002 30,00,000
2003 34,00,000
You are required to calculate :
(i) P/V ratio,
(ii) Breaks-even point.
You are required to calculate :
(i) P/V ratio,
(ii) Breaks-even point.
(iii) The sales required to earn a profit of Rs. 8,00,000. (iv) The profit made when sales are Rs. 50,00,000.
(v) Margin of safety at a profit of Rs. 10,00,000.
(vi) Variable costs of the two periods.
M.B.A. DEGREE EXAMINATION, APRIL 2004 First Semester
ACCOUNTING FOR.MANAGEMENT
(Old Scheme) .
(Old Scheme) .
Maximum : 60 Marks |
Time : Three Hours |
Section A
Answer' all questions. Each question carries. 2 marks.
1. Briefly explain the accounting (financial) equation.
2. What are compensating errors ?
3. What are the functions of a Trial Balance ?
4. What is a Debit Balance ? What does it indicate ?
5. What are the •important, stages in' Financial Accounting ?
6. Distinguish between Factory overheads and Factory cost.
7 What is CVP analysis?
8 . Bxpiain two methods of calculating Break-even point.
9 Explain,Budgetary control.
10. Define Management Accounting.
4. What is a Debit Balance ? What does it indicate ?
5. What are the •important, stages in' Financial Accounting ?
6. Distinguish between Factory overheads and Factory cost.
7 What is CVP analysis?
8 . Bxpiain two methods of calculating Break-even point.
9 Explain,Budgetary control.
10. Define Management Accounting.
(10 x 2 =-20 marks) |
Section B
Answer any four questions.
Each question-carries 5 marks.
11 Distinguish between Financial Accounting and Cost Accounting.
12. Briefly,explain.the important Financial Accounting conventions.
13. Distinguish between-"Journal" and "Ledger". • .
14 cost' of production of one unit of a product is Rs. 10,000. Profit required is 10 %. of turnover. .: Calculate the quotable price of the product.
15. 'Explain the managerial importance of Budget variance in Budgetary control.
16. ; Explain with examples "Fictitious Assets".
. . (4x5 = 20 marks)
Section C
Answer any two questions. Each question carries 10 marks.
17- First half year Second half year
Rs. Rs.
Sales . 1,50,000 1,70,000 .
Profit ,.. 20,000 25,000
Above details are for the year 2000-2001. You are. required to calculate :
(a) Annual fixed cost
(b) Break-even point for tho year.
(c) Margin of safety for the year.
(d) (Sales required to eai-n a profit of .Rs 40,000.
.'18. Write short notes on :
(a) Accounting standards.
(b) Variance anarysis.
(c) Computerised Accounting (financial).
(d) Limitations of 'Marginal costing.
19. Critically evaluate the "financial accqunting” practices prevailing in the conventional "non-trading business sector". And give suggessions if any
(2x10=20marks)
- v |
M.BA. DEGREE EXAMINATION, JUNE 2003
Faculty of Management First Semester
Maximum : 60 Marks |
ACCOUNTING FOR -MANAGEMENT
Time : Three Hours |
Section A
Answer any five questions. Each question carries 3 marks.
1. What is going concern concept ?
2. What is a subsidiary book ? Give two examples.
3. What is a suspense account ?
4. Distinguish between job costing and batch costing.
5. What is meant by 'Key factor' ?
6. What is meant by 'margin of safety5 ?
7. What is 'acid test ratio' ?
8. What are accounting standards ?
(5 x 3 =15 marks)
Section B
Answer any five questions.
Each question carries 5 marks.
Each question carries 5 marks.
9. Explain the Inprest System of Analytical Cash Book.
or
Distinguish between Financial Accounting and Cost Accounting.
10. Explain the accounting treatment of the following :— ,
(a) Accrued income. (b) Prepaid expense.
(c) Drawings by proprietor. (d) Provision for bad debts.
(a) Accrued income. (b) Prepaid expense.
(c) Drawings by proprietor. (d) Provision for bad debts.
Or
Discuss briefly various uses of financial statements. .
Discuss briefly various uses of financial statements. .
11. What is a Break-even chart ? State the process of constructing a Breiak-even chart.
Or : .
Sales turnover and profit during two years were as follows :
Sales turnover and profit during two years were as follows :
Year 'Sales (Rs. in lakhs) Profit (Rs. in lakhs)
2000 1500 200
2001 1700 250
You are required to calculate : (ij P/V ratio and (ii) The Sales to earn a profit of Rs. 400 lakhs.
12. How does standard costing differ from historical costing ? Briefly mention their advantages
Or
From the following data calculate the material mix variance :—
Material Standard Actual
A ... 90 units at Rs. 12 100 units at Rs.12 B ... 60 units at Rs. 15 50 units at Us. 16
13. Discuss briefly the procedure for implementing a sound system of Budget any Control in £
organisation.
Or
Explain the usefulness of liquidity ratios for short term creditors.
(5 x 5 = 25 marl Section C
Compulsory questions. Each question carries 10 marks.
14. From the following Trial Balance Shishir, you are required to prepare final accounts for year ended 31st March 1999 after making the necessary adjustments :—
Credit Rs. 2,00,000 |
Debit -?Rs. 10,000 60,000 1,00,000 114,000 2,000 . 4,000 1,500 25,000 3,000 600 2,600 2,000 40,000 25,000 10,500 74,000 |
5,700 40,000 4,800 1,000 1,17,200 500 5,000 |
Capital .and Drawings Account
Freehold property
Plant and Machinery
Salaries '
Printing and Stationery
FurrutLire arid fixtures . .
Discount
Bills Payable
Freehold property
Plant and Machinery
Salaries '
Printing and Stationery
FurrutLire arid fixtures . .
Discount
Bills Payable
Debtors and Creditors
Insurance
Bad Debts
Office rent
Loose tools
Provision for Doubtful Debts
Loan to Sudhir at 10 % on.lst Oct. 199,8
Interest on loan Sudhir
Cash at Bank-
Cash on hand
Stock—31st March 1999
Trading Profits
Loose tools
Provision for Doubtful Debts
Loan to Sudhir at 10 % on.lst Oct. 199,8
Interest on loan Sudhir
Cash at Bank-
Cash on hand
Stock—31st March 1999
Trading Profits
Outstanding wages (31st March 1999) Insurance claimed received for loss of goods
3,74,200 |
3,74,200 |
M.B.A. DEGREE EXAMINATION, SEPTEMBER 2002
Faculty of Management Studies
Semester I—Paper I—ACCOUNTING FOR MANAGEMENT
•.Three Hours Maximum : 100 Marks
Section A
Answer any five questions. Each question carries 5 marks.
Distinguish between cash discount and trade discount.
What is meant by Current Ratio ?
What do you mean by Labour Cost Variance ?
What is Balance Sheet equation ?
What is meant by Break-even point ?
What is a flexible budget ?
Distinguish between Journal and Ledger.
What are the objectives of accounting ?
(5 x 5 = 25 marks) Section B
Answer any five questions, Each question carries 8 marks.
What are the different types of errors ? Give examples for each.
Or
What do you understand by the terms "Budget", "Budgeting" and "Budgetary control" ? What are the advantages of Budgetary control?
Expain the technique of marginal costing and state its importance in decision making.
Or
What are the assumptions made while drawing a Break-even chart ? State the advantages and limitation of Break-even charts.
"A ccounting ratio? are mere guides and complete reliance on them in decision making is suicidal". Explain.
Or
14. following are the rations to the trading activities of N.T Ltd
Debtors velocity—-3 months.
Stock velocity— 8 months.
Creditors velocity-- 2 months.
Gross Profit Ratjo-25 per sert———————————
Gross profit for the year amounted to Rs. 4,00,000. Closing Stock of the year is Rs 10000 above the ope.ning stock. Bills Receivable; amount to Us. 10,000 and hill.s payable Us. 5,000. Find out
(a) Sales. (b) Sundry debtors.
(c) Closing stock. (d) Sundry creditors.
(c) Closing stock. (d) Sundry creditors.
15 Using the following information, calculate labour variances :—
Direct wages Rs. 3*000.
Standard hours produced—1,600.
Standard rate per hour—Rs. 1.50.
Actual hours paid—1,500 hours out of which hours not worked (abnormal idle times
Direct wages Rs. 3*000.
Standard hours produced—1,600.
Standard rate per hour—Rs. 1.50.
Actual hours paid—1,500 hours out of which hours not worked (abnormal idle times
are 50.
Or |
16. Define standard costing. What are the limitations of Standard costing ?
17. What do you understand by adjustment entries ? Mention any five, important adjustnu are made at the time of preparation of final accounts.
Or
18. What do you mean by Grouping and Marshalling of assets and liabilities ? Explain thi which ii balance sheet may bo marshalled.
(5 x 8 – 40)
* Section C (Compulsory Question)
Each question carries 17l/2 marks.
Each question carries 17l/2 marks.
19. The following is the trial balance of Anand as on 31st December, 2001 :—
Rs. | Rs. |
1,05,000 | |
12,000 | |
50,000 | |
30,000 | |
94,000 | |
2,400 | 1,400 |
10,000 | |
2,800 | |
1,700 | |
4.200 | |
1,200 |
Capital Drawings Plant and machinery Stock on 01/01701 Purchases Returns Furniture Freight Carriage Rent and rate- Printing |
MGUSDE—0501
Office expenses1.000 1,500 -40,000 |
Rs. 2,400 38,000 7,300 |
Bad debts
Provision for doubtful debts
Debtors and Creditors
Bills payable
Bills receivable : ...
Discount
6,000 | |
4,900 | |
16,500 I | 1.20,000 |
2,85,100 | 2,85,100 |
Wages
Cash in hand
Cash at bank
Sales
Adjustments : — \\ ...-
1 Closing stock on 31-12-01 amounted to Rs. -15,0001
2 Write off Rs. 1,000 as bad debts.
3 Provision for doubtful debts is to bo maintainc-d nt fi % on sundry debtors.
4 Wages outstanding Rs. 1,400.
5 Depreciate plant and machinery by 5 %
(17 ½ marks.)
Present the following information to show to tho management : —
(i) The marginal product cost and contribution per unit.
(ii) The total contribution and profits resulting from. each of the following solos mixtures.
(iii) The proposed sales mix to earn a profit of Rs. 250 with total sales of A and D being
300 units'
Product. B Rs. 9 2 15 |
Product. A Rs. 10 3 20 |
Particulars
Direct material (per unit)
Direct wages (per unit)
Selling price (per unit) Fixed
expenses Rs. 800.
Variable expenses are allocated to products at 100 % of direct wages. Sales mixtures :—
(a) 100 units of A and 200 units of B.
(b) 150 units of A and 150 units of B.
(c) 200 units of A and 100 units of B
Recommend which of thp sales mix .should be adopted.
(17 ½ marks.)
(Pages : 2) |
M.B.A. DEGREE EXAMINATION, APRIL/MAY 2000
- First Semester
ACCOUNTING FOR MANAGEMENT
Time : Three Hours Maximum : 60 Marks
Section A
Answer all questions. Each question carries 2 marks.
1. Distinguish between Journalising and Posting.
2. What are subsidiary books ?
3. Which are the important stages in financial accounting ?
4. What is a "memorandum account" ?
5. Write a note on "mechanised accounting".
6. Define Overheads. Give few examples.
7. Define Marginal costing.
8. What is margin of safety ?
9. What are the objectives of budgeting ?
10. Define Management Accounting.
(10 x 2 = 20 marks) Section B
Answer any four questions. Each question carries 5 marks.
11. List out the important Financial Accounting concepts.
12. Explain the convention of conservatism.
7
13. Explain compensating errors.
14 A firm made a prbfit of Rs. 2,00,000 after meeting fixed costs Rs. 3,00,000 from sales Rs. 10,00,000. Calculate Break-even point.
15. Distinguish between Standard cost and Estimated cost.
16. Distinguish between Cost control and Cost reduction.
(4 x 5 = 20 marks)
Section C
Each question carries 10 marks.
17. (a) Assuming similar conditions, calculate from the following :—
(ii) P/V ratio. (iv) Margin of safety for 1978. |
(i) Fixed cost,
(iii) Break-even point,
(v) Variable cost of the two periods. Year Sales (Rs.) Profit (Rs.)
1978 ... 1,50,000 20,000
1979 ... 1,70,000 25,000
Or
(b) (a) |
18. |
2
*
Briefly explain the subsidiary books that are maintained by a large scale trading organisation for financial accounting.
Calculate material variances from the following :—
Standard 100 units at Rs. 4 80 units at Rs/3 Or |
Actual 90 units at Rs. 3 100 units at Rs. 4 |
Particulars Material x Material y Write short notes on : (i) Deferred revenue expenditure, (ii) Limitations of financial accounting, (iii) Suspense account, (iv) Accounting standards. |
(b) |
(20 marks) |
. M.B.A. DEGREE EXAMINATION, MAY 1999 First Semester
ACCOUNTING FOR MANAGEMENT
Time: Three Hours Maximum:60Marks
Section A
Answer all questions.
Each question carries 2 marks. ,
1. Define Financial Accounting.
2. Why is a Trial Balance prepared ?
3. Explain final accounts.
4. What is dual aspect concept ?
5. What is a suspense account ? :
6. What is a "cost sheet ?
6. What is a "cost sheet ?
7. Distinguish between Cost control and Cost reduction.,
8 Explain a p/v graph.
9. Write a note on"elements of cost", '
10. Explain the significance of p/v ratio,
10. Explain the significance of p/v ratio,
(10x2=20 marks)
Section B
Section B
Answer any four questions.
- Each question carries 5 marks.
11 . Distinguish between Journals and Ledgers.
12 .Explain Financial Accounting convention?
I3 .5Write short note on "systems of' accounting".
14.Draw a simple break even chart giving as many details as possible.
15. Calculate material cost variances from the following :—.
Standard cost per unit of material—Rs. 5.
Actual rate at which purchases were made—Rs. 4.
Number of units-of material required for one unit of output (standard) 5 Output produced ;.100 units.
Materials consumed : 450 units. . ' .
16. What is a budget Variance ? Why is it calculated ? ;
16. What is a budget Variance ? Why is it calculated ? ;
' ' (4 x 5 = 20 marks)
Section C
Each question carries 10 marks.
17. (a) Briefly explain the errors which are not disclosed by a trial balance. Give examples wherever necessary.
(b) Briefly explain the similarities and dissimilarities among .Financial Accounting ,cost Accounting and Management Accounting.
18. (a) Sales Profit
Period I ... 1,00,000 20,000
Period II ... 1,50,000. 40,000
You are required to calculate :
Period II ... 1,50,000. 40,000
You are required to calculate :
(i) Break even point.
(ii) Margin of safety for period II. . -
(iii) Sales required to earn a profit of Rs. 30,000.
(iv) Fixed cost per period.
(v) P/V ratio.
(ii) Margin of safety for period II. . -
(iii) Sales required to earn a profit of Rs. 30,000.
(iv) Fixed cost per period.
(v) P/V ratio.
Or
(b) Distinguish between :
(i) Works cost and Works on cost.
(ii) Cost of goods sold and Cost of sales,
(iii) Capital expenditure and Revenue expenditure,
(ii) Cost of goods sold and Cost of sales,
(iii) Capital expenditure and Revenue expenditure,
(iv) Noritial loss arid Abnormal loss
(2x 10 = 20Marks)
Reg. No. Name...... |
G456 |
(Pages : 2) |
M.B.A. DEGREE EXAMINATION, JULY 1998 First Semester ACCOUNTING FOR MANAGEMENT Section A Answer all questions. Each question carries 2 marks. |
Maximum: 60 Marks |
Kme: Three Hours |
1. (a) Define "Management Accounting" (b) Explain "Going concern concept". (c) How are the accounts classified ? (d) Explain the convention of conservatism. (e) What is the meaning of "Double Entry System" of accounting ? (f) What is BEP? (g) What is the "Limiting Factor"? (h) Define Standard Costing. (i) What is "Absorption costing" ? (j) What are the steps in decision-making ? - Section B Answer any four questions. Each question carries 5 marks. |
(10 x 2 = 20 marks) |
2. How does .management accounting differ from financial accounting ?
3.What are the accounting concepts and state its limitations ?
4 . .Explain the difference between the Final accounts and the Trial balance.
5.What are the advantages of standard costing and state its limitations ?
6. "Marginal costing is essentially a technique of cost analysis and cost presentation." Discuss.
7. Describe the essential steps of a budgetary control system.
(4 x 5 = 20 marks)
Section C
Each question carries 10 marks.
8. (a) What is meant by break-even analysis ? Discuss the assumptions and the limitations of this technique.
Or
(b) Prepare a Trial Balance from the following transactions taken from the books of Kun Company:—
Rs.
1.3.1995 Purchased goods for ... 60,000
6.3.1995 Sold goods to Sundar ... 10,000
10.3.1995 Paid rent ... 5,000
20.3.1995 Purchased furniture for ... 4,000
25.3.1995 Received Commission ... 1,000
30.3.1995 Paid for postage ... 100
9. (a) Describe briefly the different methods of costing.
Or
(b) From the following particulars, calculate :—
(i) BED in terms of sales value and in units,
(ii) Number of units that must be sold to earn a profit of Rs. 90,000.
Rs. 60,000 12,000 12 3 24 |
(2 x 10 = 20 marks) |
Fixed factory overheads ...
Fixed selling overheads ...
Variable manufacturing cost/unit ...
Variable selling cost/unit ...
Selling price per unit ...
Fixed selling overheads ...
Variable manufacturing cost/unit ...
Variable selling cost/unit ...
Selling price per unit ...
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