MP-103
December 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. As per the nature of the question delimit your answer in one word, one sentence or maximum upto 30 words. Each question carries 2 marks.
Define the function of Accounting "Recording".
What is convention of Disclosure?
Explain the word of capital.
What is Cash Discount?
Put up the proforma of Trading Account.
What is Contingent liabilities?
What is Process Costing?
(viii) Explain Break-Even-Point.
208
MP-103 200 3 (P.T.O.)
MP-103 200 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.
Which are the parties interested in the accounting information
and why?
What do you mean by accounting assumptions?
Calculate the liabilities from the followings Cash 5,000
Debtors 20,000 Machinery 60,000 Stock 25,000,
Capital Rs. 75,000.
Explain the objectives of Balance Sheet.
List out the four examples of Current Assets.
What are the different types of costing?
Calculate BEP sales from the followings:
Sales Rs. 3,00,000 Variable Cost Rs. 2,00,000
Fixed cost Rs.50,000
What are the non-financial consideration in decision making?
MP-103 200 3
208
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. You have to delimit your each
answer maximum upto 500 words. Each question carries
16 marks.
10) What are the different methods of accounting for By-products?
Discuss.
11) Define management accounting and explain its objectives.
12) What do you understand by Ratio Analysis? Explain its
limitations.
13) What do you mean by Budgeting? Explain different types of
budget.