Tuesday, November 24, 2015
Total No. of
Questions: 07
MBA
(Sem.-1st)
ACCOUNTING
FOR MANAGEMENT
SUBJECT
CODE: MB-103
Paper
ID: [C0103]
Time: 3 Hrs. Max.
Marks: 60
Instruction to Candidates:
1.
Section-A is
Compulsory.
2.
Attempt any Four
questions from Section-B.
SECTION-A
(10 X 2=20)
Q1.
(a) Define accounting as an information system.
(b) Name various tools used in financial analysis.
(c) Differentiate between cost accounting and management
accounting.
(d) Name various financial statements prepared by an
organization.
(e) What are the duties of management accountant.
(f) Differentiate between absorption costing and
marginal costing.
(g) Explain activity based costing.
(h) Name any five concepts of accounting.
(i) What is budgetary control?
(j) Discuss various assumptions used in break-even
analysis.
SECTION-B
(4 X 10=40)
Q2.
Explain the relationship between financial accounting and management
accounting.
Q3.
Explain zero base budgeting in detail.
Q4.
The sales turnover and profit during two periods were as follows:
|
Period
|
Sales
|
Profit
|
|
1
|
20 lakh
|
2 lakh
|
|
2
|
30 lakh
|
4 lakh
|
Calculate
(a) P/V ratio.
(b) The sales required to cash profit of Rs. 5 lakh.
(c) The profit when sales are Rs. 10 lakh.
Q5.
Write a short note on price level accounting concept bringing out its merits
and demerits.
Q6.
What do you mean by responsibility accounting? What are its merits and
demerits.
Q7.
Following are the ratios to trading activities of National Traders Ltd.
Debtors velocity 3 months
Stock velocity 8 months
Creditors velocity 2 months
Gross profit ratio 25%
Gross
profit for the year ended 31st Dec. 2007 amounts to Rs. 400000.
Closing stock of the year is Rs. 10000 above the opening stock. B/R amounts to
Rs. 25000 and B/P to Rs. 10000. Calculate
(a) Sales
(b) Debtors
(c) Closing Stock
(d) Creditors.
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