MP-103
June Examination 2017
Master of Business Administration I Year Examination
Accounting for Managers
Paper MP-103
Time 3 Hours Max. Marks 80
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 8 × 2 16
(Very Short Answer Questions)
Note: Answer all questions. Each answer should not exceed 30 words. Each question carries 2 marks.
Define the function of Accounting.
What is convention of contingency?
Explain the meaning of goods.
Explain Bad debts.
Prepare the proforma of Profit and Loss Account.
What is Bank Overdraft?
What is operating costing?
(viii) Explain contribution.
208
MP-103 400 3 (P.T.O.)
MP-103 400 3 (Contd.)
208
Section B 4 × 8 32
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 8 marks.
How is accounting different from Book-Keeping? Explain.
Explain the significance of business entity concepts.
Calculate the profit earned during the year from the followings:
Opening capital Rs. 1,00,000 closing Assets Rs. 1,60,000
closing liabilities Rs. 15,000.
Explain the meaning of Trial Balance.
List out examples of Fixed Assets.
What are the main objectives of cost accounting?
Calculate B.E.P. Sales from the followings:
Period I Period II
Sales 45,000 50,000
Profit 5,000 7,000
What are the financial considerations in decision making?
Explain.
MP-103 400 3
208
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. Each answer should not
exceed 500 words. Each question carries 16 marks.
10) Write down the characteristics of process costing.
11) Explain the relationship of management accounting with
financial accounting.
12) What are the advantages and limitations of budgeting?
Discuss.
13) Explain the meaning of fund flow statement. What are its main
objectives? Discuss.