MP-103
June Examination 2016
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 eight questions. Each answer should not exceed 30 words. Each question carries 2 marks.
State the functions of accounting.
What do you understand by GAAP?
State the rules of debit and credit.
What is petty cash book?
What is trial balance?
Explain the fixed assets.
Define costing.
(viii) Define P/V ratio.
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.
Discuss the techniques of decision making.
Explain the nature and scope of management accounting.
What is a master budget? Explain its components.
What are capital Structure Ratio and Activity Ratio.
What are the various applications of funds?
Calculate total assets when the capital of business is
Rs. 2,40,000 and liabilities are Rs. 40,000.
What are the steps taken by an accountant to locate the
errors in the Trial Balance?
Distinguish between Capital Expenditure and Revenue
Expenditure.
MP-103 400 3
208
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. Each question should not
exceed 500 words. Each question carries 16 marks.
10) Reducing cost is an imperative of an emerging competitive
environment. Discuss.
11) A commenced business on 1-4-2014 with capital of
Rs. 1,00,000. On 31-3-2015 his assets were worth
Rs. 1,60,000 and liabilities Rs. 15,000. Find out his closing
capital and profit earn during the year.
12) Explain the relationship of management accounting with
financial accounting.
13) What do you understand by Ratio Analysis? Explain the
limitations of its.