Accounting for Management Question paper of MBA Semester 1, Download Question Paper 11

Roll No……

Total No. of Question: 07

MBA (Sem.-1^st)

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)    Name different branches of accounting.

(b)   What ia accounting cycle?

(c)    Explain accounting period concept.

(d)   Define target costing.

(e)    What is trend analysis.

(f)    Differentiate between fund flow and cash flow statement.

(g)   What is price level accounting?

(h)   Define Zero Base Budgeting?

(i)     Explain assumptions of Break Even Analysis.

(j)     Distinguish between Direct Expense and Indirect Expense.

SECTION-B

(4 X10=40)

Q2. What is common size balance sheet and income statement? Explain the techniques of preparing common size balance sheet.

Q3. Explain various methods of valuing human resources in an organizations.

Q4. From the following calculate

(a)    Material cost variance

(b)   Material usage variance

(c)    Material price variance

Quantity of material purchased                      3000 units

Value of material purchased                           Rs. 9000

Standard Quantity of material required per tonne of finished product

                                                                        25 units

Standard rate of material                                Rs. 2 per unit  

Opening stock of material                               NIL

Closing stock of material                                500 units

Finished products manufactured                    80 tonnes

Q5. What is break even analysis? Discuss its assumption and uses.

Q6. Explain various concepts and conventions which are backbone of accounting system.

Q7. From the following Balance sheet of SM Industries, prepare a fund flow statement. Show your working clearly.

Liabilities	2001	2002	Assets	2001	2002
Share Capital	60000	65000	Goodwill	30000	25000
Profit and loss account	34000	26000	Plant and machinery	60000	50000
Current liabilities	12000	3000	Current Assets	16000	19000
	10600	94000		106000	94000

Additional information:

(a)    Depreciation of  Rs. 20000 on plant and machinery charged to Profit and loss.

(b)   Dividend of Rs. 12000 was paid during the year.