Total No. of Questions 08] [Total No. of Pages 02
M.B.A. DEGREE EXAMINATION, MAY 2018
First Year
ACCOUNTING FOR MANAGERS
Time 3 Hours Maximum Marks :70
SECTION A
Answer any three questions. × 5 15)
Q1) P L account
RBD
Role of auditor
Marginal cost
Shares debentures
Forfeiture of shares
SECTION B
Answer any three questions. × 15 45)
Q2) Explain in detail about accounting information and its applications.
Q3) Discuss the elements of balance sheet.
Q4) Write in detail about accounting standards and concepts.
Q5) Discuss the accounting procedures for declaring and distributing dividends.
Q6) Write a note on legal requirements relating to auditing.
Q7) Explain in detail the concept of variance analysis.
(DBUS04)
SECTION C
(Compulsory)
Q8) Case study:
The following is the trial balance of Ram Lal on March 31, 2011
Debit balance Rs. Credit balance Rs.
Bank 7,500 Capita 12,00,000
Purchases (adjusted) 34,96,00 Bills payable 50,000
Salaries 21,000 Loan 1,00,000
Carriage on sales 2,500 Sales 36,00,000
Carriage on purchases 2,000 Discount 2,000
Lighting 1,500 Commission 500
Building 1,35,000 Sundry Creditors 1,00,000
Rates and Taxes 2,000
Sundry Debtors 40,000
Furniture 30,000
Cash in hand 1,250
Bills receivable 7,500
Stock (31st March, 2011) 3,06,250
Rates have been prepaid to the extent of Rs.600 during the year, bad debts
amounted to Rs.2,500, a provision has to be made on debtors. Buildings
have to be depreciated at and furniture's at 10%. Prepare the trading and
profit Loss and the Balance Sheet as on March 31, 2011.