bu-mba-1-sem-accounting-for-managers-2017

bu-mba-1-sem-accounting-for-managers-2017

 

Accounting For Managers : 2017

Section-A (Short Answer Type Questions)

 Note : Attempt any four questions. Each question carries 8 marks.

Q.1 Every debit has a corresponding credit". Explain.

Q.2 "Trial Balance is a proof of arithmetical accuracy of the books of accounts". Comment.

Q.3 Explain any two of the following

(a)  Going concern concept

(b) Cost concept

(c)  Separate entity concept

Q.4 What do you understand by income statement ? Explain in brief.

Q.5 Explain cost sheet with the help of imaginary figures.

Q.6 Differentiate between fund flow statement and cash flow statement.

Q.7 What do you understand by term depreciation. Explain any two methods

of depreciation.

Q.8 Following information is given to you -

(a) Current rates = 2.5

(b) Working capital =Rupees 90000

Find out -

(i)  Current assets

(ii) Current liabilities

Section-B (Long Answer Type Questions)

Note : Attempt any three questions. Each question carries 16 marks.

 

Q.9 What are financial statements, explain in brief. Also discuss how these statements are helpful to the parties interested to know the position of the enterprise.

Q.10 What do you understand by management accounting ? Explain its imporĀ­tance in managerial decision making.

Q.11 Write a detailed note on any two of the following -

(a) Conventions of accounting

(b) Journal and ledger

(c) Fixed and variable cost

(d) Financial and cost accounting

(e) Types of  Inventories

Q.12 From the following balance sheets of S.M. Industries Prepare a funds flow statement showing your working clearly -

Liabilities

2015

2016

Assets

2015

2016

Share capital

60,000

65,000

Goodwill

30,000

25,000

P/L Account

34,000

26,000

Plant &

60,000

50,000

 

 

 

Machinery

 

 

Current

12,000

3,000

Current

16,000

19,000

Liabilities

 

 

Assets

 

 

Total

 

106000

94000

 

106000

94000

 

Additional information

(a)           Depreciation of Rupees 20,000 on plant and machinery was charged to profit and loss account.

(b)          Dividends of Rupees 12000 were paid during the year.

Q.13 Prepare trading and P & L A/c and balance sheet of Mr. Saify for the year ended 31st March, 2016 -

Particulars

Amount

Particulars

Amount

Machinery

13780

Capital

25000

Building

15000

Discount received

400

Discount allowed

250

Creditor

5000

Debtors

7600

Sales

30900

Opening stock

6920

Purchase returns

250

Purchases

10950

Bank overdraft

5700

Sales return

400

Commission

750

Salary & Office

 

11800

 

Expenses

 

 

 

Cash in hand

1300

 

 

Total

68000

Total

68000

 

Closing stock was Rupees 6500.