Total No. of Questions 08] [Total No. of Pages 02
EXECUTIVE M.B.A. DEGREE EXAMINATION, MAY 2018
First and Second Years
ACCOUNTING FOR MANAGERS
Time 3 Hours Maximum Marks :70
SECTION A
Answer any three of the following questions. x 5 15)
Q1) Going concern concept.
Debentures.
BEP
Dividend.
Material cost variance.
Inflation.
SECTION B
Answer any three questions. x 15 45)
Q2) Explain the applications of accounting information.
Q3) How do you construct and analyse balance sheet?
Q4) Explain the accounting procedure for declaring dividends.
Q5) Bring out the contents of profit and loss account with imaginary figures.
Q6) Explain the inflation accounting methods:
Q7) Explain in detail the classification of costs.
SECTION C
(Compulsory) (10 Marks)
Q8) Case Study:
From the following Trail balance and additional information, you are required to
prepare a trading and profit and loss account and balance sheet.
Trial balance as on 31-12-2005.
Particulars Debit Rs. Credit Rs.
Capital 20,000
Sundry debtors 5,400
Drawings 1,800
Machinery 7,000
Sundry creditors 2,800
Wages 10,000
Purchases 19,000
Opening stock 4,000
Bank balance 3,000
Carriage 300
Salaries 400
Rent and taxes 900
Sales 29,000
51,800 51,800
Additional information:
Closing stock Rs.12,000.
ii) Outstanding Rent and taxes Rs.100.
iii) Charge depreciation on machinery at 10%.
iv) Wages prepaid Rs.400.
Samples distributed Rs.1,000.