M.B.A. DEGREE EXAMINATION, NOVEMBER 2017
Airline and Airport Management
FINANCIAL AND MANAGEMENT ACCOUNTING
(2016 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 x 2 20)
Answer all questions.
1. What is financial accounting?
2. What is ledger?
3. What is book-keeping?
4. What is depreciation?
5. Define management accounting.
6. What is meant by comparative income statement?
7. What is meant by flexible budget?
8. Explain cash from operations.
9. What is sales budget?
10. What is marginal costing?
Sub. Code
14
CP-8349
2
Wk 6
Part B 5 25)
Answer all questions.
11. What are the benefits of trial balance?
Or
Journalise the following transactions.
Jan. Ram Started business with Rs. 50,000
Jan. Purchased goods from Rao Rs. 1,00,000
Jan. Cash sales Rs. 150
Jan. purchased pen, pencil Rs. 500
Jan. 7 paid Samy on account Rs. 2,000.
12. What are the merit of ratio analysis?
Or
Calculate the trend percentages from the following
figures of X Ltd. taking 2009-10 as the base year.
(Rupees in Lakhs)
Year Sales Stock Profit before tax
2009-10 1880 700 320
2010-11 2430 780 410
2011-12 2550 800 458
2012-13 3500 940 520
2013-14 3700 1150 610
13. Calculate cash from operations Net profit for 2015
Rs. 25,000, Depreciation Rs. 1,000. Prepare
expenses 1.1.2015 Rs. 2,000, Prepaid expenses
31.12.2012 Rs. 1,200, Outstanding salary Rs. 500.
Or
Explain the sources of working capital.
CP-8349
3
Wk 6
14. Distinguish between cost control and cost reduction.
Or
From the following particulars relating to job of
manufacturer ascertain the total cost of job.
Rs.
Direct materials 800
Direct Wages 400
Direct expenses 80
Work over heads are 35% on prime cost and office
over head is 15% on work cost.
15. Explain the merits of zero base budgeting.
Or
You are given
Margin of safety Rs. 15,000. Which represents 30%
of sales p.v. ratio of 30% calculate.
Sales Break even sale Fixed cost
Profit.
Part C x 10 30)
Answer all questions.
16. Explain the accounting conventions.
Or
What are the objectives of preparing final accounts?
CP-8349
4
Wk 6
17. From the following particulars prepare a statement
showing a properties find as 31.12.2008.
Current ratio 2 1
Acid ratio 1 1
Fixed assets proprietary funds 0.75 1
Working capital Rs. 60,000
Reserve and Surplus Rs. 40,000
Bank O/ID Rs. 10,000.
Or
ABC Ltd. has prepared the budget for the
production of 1 lakh units of the only commodity
manufactured by it for a costing period as under.
Rs. in lakhs.
Raw material 2.52
Direct labour 0.75
Direct expenses 0.10
Works O/H fixed) 2.25
Administrative O/H fixed) 0.40
Selling O/H fixed) 0.02
The actual production during the period was
only Rs. 60,000 units. Calculate the revised
budgeted cost per unit.
18. What are the difficulties faced in installing a costing
system?
Or
The record of a company show the following
Period Sales Profit
I 2,00,000 10,000
II 3,40,000 21,000
Find out P/v ratio B.E.P profit when sales
are Rs. 1,00,000 sales required to earn
Rs. 30,000.
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