Exam Details
Subject | financial and management accounting | |
Paper | ||
Exam / Course | m.b.a. (g) | |
Department | ||
Organization | Alagappa University Distance Education | |
Position | ||
Exam Date | December, 2017 | |
City, State | tamil nadu, karaikudi |
Question Paper
DISTANCE EDUCATION
M.B.A. DEGREE EXAMINATION, DECEMBER 2017.
Second Semester
FINANCIAL AND MANAGEMENT ACCOUNTING
(2012-13 Academic Year and 2013 Calendar Year only)
(English Medium Only)
Time Three hours Maximum 100 marks
SECTION A — × 8 40 marks)
Answer any FIVE questions.
All questions carry equal marks.
1. Differentiate financial accounting from management
accounting.
2. Define the scope of accounting.
3. Explain different type of errors with appropriate
examples.
4. Calculate the missing figure
Profit Rs. 2,400, Capital at the end Rs. 8,000, Capital
introduced Rs. 2,000, Drawings Rs. 1,200.
5. Determine the closing stock from the following details
Sales Rs. 4,00,000, Gross profit 10% on sales
Stock velocity times.
6. What are the objects of cash flow statement?
7. What do you understand by zero base budgeting? How is
it different from traditional budgeting?
Sub. Code
21
DE-3193
2
wk14
8. A Ltd. company is considering to purchase a new machine
two alternative models, A and are available, each
costing Rs. 80,000. Earning after taxation are expected to
be as follows
Year Model A
Rs.
Model B
Rs.
1 8,000 24,000
2 24,000 32,000
3 32,000 40,000
4 48,000 24,000
5 32,000 16,000
The company has a target of return on capital of 10%. On
the basis, you are required to compare the profitability of
the models and state which alternative you consider
financially preferable.
SECTION B — 15 60 marks)
Answer any FOUR questions.
Each question carry equal marks.
9. Briefly explain the basic accounting concepts and
conventions.
10. Mrs. K commenced business as a cloth merchant on
1.1.93 with a capital of Rs. 10,000. On the same day she
purchased furniture and fittings for cash Rs. 3,000. From
the following particulars obtained from her books kept by
single entry, you are asked to prepare a trading and
profit and loss a/c and balance sheet as on 31.12.93.
Sales (inclusive of cash Rs. 7,000) 17,000
Purchases (inclusive of cash Rs. 4,000) 15,000
Mrs. drawings 1,200
Salaries 2,000
Bad debts written off 500
Business expenses 700
DE-3193
3
wk14
Mrs. K took cloth worth Rs. 500 from the shop for private
use and paid Rs. 200 to her son but omitted to record
these transactions in her books. On 31.12.93 her and
debtors were Rs. 5,200 and sundry creditors Rs. 3,600.
Stock in hand on 31.12.93 Rs. 6,500.
11. "The accrual concept is the basis for final accounts"
Explain.
12. From the following balance sheet of a company, you are
required to prepare a common size balance sheet.
Balance sheet as on 31st Dec.
Liabilities Rs. Assets Rs.
Equity share capital 1,25,000 Plant and machinery 2,00,000
Preference share Furniture 12,140
capital 50,000 Current assets 1,69,500
Reserves 55,000
P and L a/c 35,000
Current liabilities 1,16,640
3,81,640 3,81,640
13. Differentiate funds flow statement from cash flow
statement.
14. A glass manufacturing company requires you to calculate
and present the budget for the next year from the
following information
Direct material cost 60% of sales
Direct wages 20 workers Rs. 150 per month
Factory overheads
Indirect labour
Works manager Rs. 500 per month
Foreman Rs. 400 per month
DE-3193
4
wk14
Stores and spares 2 2
1 on sales
Depreciation on machinery Rs. 12,600
Light and power Rs. 5,000
Repairs and maintenance Rs. 8,000
Other sundries 10% on direct wages
Administration, Selling and distribution expenses
Rs. 14,000 p.a.
15. What are the different categories of investment decisions?
Discuss the basic factors on which investment decision
depend.
M.B.A. DEGREE EXAMINATION, DECEMBER 2017.
Second Semester
FINANCIAL AND MANAGEMENT ACCOUNTING
(2012-13 Academic Year and 2013 Calendar Year only)
(English Medium Only)
Time Three hours Maximum 100 marks
SECTION A — × 8 40 marks)
Answer any FIVE questions.
All questions carry equal marks.
1. Differentiate financial accounting from management
accounting.
2. Define the scope of accounting.
3. Explain different type of errors with appropriate
examples.
4. Calculate the missing figure
Profit Rs. 2,400, Capital at the end Rs. 8,000, Capital
introduced Rs. 2,000, Drawings Rs. 1,200.
5. Determine the closing stock from the following details
Sales Rs. 4,00,000, Gross profit 10% on sales
Stock velocity times.
6. What are the objects of cash flow statement?
7. What do you understand by zero base budgeting? How is
it different from traditional budgeting?
Sub. Code
21
DE-3193
2
wk14
8. A Ltd. company is considering to purchase a new machine
two alternative models, A and are available, each
costing Rs. 80,000. Earning after taxation are expected to
be as follows
Year Model A
Rs.
Model B
Rs.
1 8,000 24,000
2 24,000 32,000
3 32,000 40,000
4 48,000 24,000
5 32,000 16,000
The company has a target of return on capital of 10%. On
the basis, you are required to compare the profitability of
the models and state which alternative you consider
financially preferable.
SECTION B — 15 60 marks)
Answer any FOUR questions.
Each question carry equal marks.
9. Briefly explain the basic accounting concepts and
conventions.
10. Mrs. K commenced business as a cloth merchant on
1.1.93 with a capital of Rs. 10,000. On the same day she
purchased furniture and fittings for cash Rs. 3,000. From
the following particulars obtained from her books kept by
single entry, you are asked to prepare a trading and
profit and loss a/c and balance sheet as on 31.12.93.
Sales (inclusive of cash Rs. 7,000) 17,000
Purchases (inclusive of cash Rs. 4,000) 15,000
Mrs. drawings 1,200
Salaries 2,000
Bad debts written off 500
Business expenses 700
DE-3193
3
wk14
Mrs. K took cloth worth Rs. 500 from the shop for private
use and paid Rs. 200 to her son but omitted to record
these transactions in her books. On 31.12.93 her and
debtors were Rs. 5,200 and sundry creditors Rs. 3,600.
Stock in hand on 31.12.93 Rs. 6,500.
11. "The accrual concept is the basis for final accounts"
Explain.
12. From the following balance sheet of a company, you are
required to prepare a common size balance sheet.
Balance sheet as on 31st Dec.
Liabilities Rs. Assets Rs.
Equity share capital 1,25,000 Plant and machinery 2,00,000
Preference share Furniture 12,140
capital 50,000 Current assets 1,69,500
Reserves 55,000
P and L a/c 35,000
Current liabilities 1,16,640
3,81,640 3,81,640
13. Differentiate funds flow statement from cash flow
statement.
14. A glass manufacturing company requires you to calculate
and present the budget for the next year from the
following information
Direct material cost 60% of sales
Direct wages 20 workers Rs. 150 per month
Factory overheads
Indirect labour
Works manager Rs. 500 per month
Foreman Rs. 400 per month
DE-3193
4
wk14
Stores and spares 2 2
1 on sales
Depreciation on machinery Rs. 12,600
Light and power Rs. 5,000
Repairs and maintenance Rs. 8,000
Other sundries 10% on direct wages
Administration, Selling and distribution expenses
Rs. 14,000 p.a.
15. What are the different categories of investment decisions?
Discuss the basic factors on which investment decision
depend.
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