MP-103
December 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 questions. Each answer should not exceed 30 words. Each question carries 2 marks.
State two functions of accounting.
What is accounting assumption?
Describe rules of debit and credit.
What is purchase day book?
State the meaning of Trial Balance.
What is Profit and Loss Account?
Explain the classification of costs.
(viii) What is Break-Even-Point?
208
MP-103 400 2 (P.T.O.)
MP-103 400 2
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.
What are types of accounting?
What do you mean by double-entry system of accounting?
What are the types of accounting? Explain.
Explain the methods of preparing Trial Balance.
List out the four examples of fixed assets.
Distinguish cost and management accounting.
What is contribution? How does it help the management in
taking managerial decisions? Explain.
Explain the factors to be considered while taking make or buy
decision.
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) What do you mean by process costing? Explain its advantages
and disadvantages.
11) Explain the nature and scope of management accounting.
12) What is master budget? What are its components? Discuss.
13) What is fund flow statement? Explain various sources and
uses of funds.