MBA I Sem - Accounting for managers - Question Paper 2009

I Semester M.B.A Examination, January 2009

(2007 - 08 Scheme) - Management

1.2: Accounting for managers

Time: 3 Hours                                                                                     Max. Marks: 75

SECTION - A

1. Answer any six of the following question. Each question carries two marks.       (6x2=12)

a) What is window-dressing ?
b) What is Activity based costing ?
c) List the techniques for cost control and reduction.
d) State the provision for valuation of inventory according to AS2.
e) What is 'marginal cost' ?
f) State the classification of activities in a Cash-Flow Statement, according AS-3.
g) What is 'Depriciation' ?
h) Differentiate between 'Reserve' and 'Provision'.
i)  What is a flexible budget ?

SECTION - B

Answer any three of the following questions. Each question carries eight marks.  (3x8=24)

2. List the various users of financial statements and state their informational needs.
3. Explain briefly the concept of Bu Pont Control Chart.
4. Prepare a trial balances:
Capital Rs: 60,000; Stock at the commencement Rs: 5,000; discount allowed Rs: 500; commission received Rs: 700; Fixed assets Rs: 60,000; Sales Rs: 85,000; purchases Rs: 45,000; return outward Rs: 1,000; return inward Rs: 2,000; carriage inward Rs: 600; carriage outward Rs: 700; wages and salart Rs: 22,500; Debtors Rs: 16,500; creditors Rs: 13,900; rent Rs: 3,000; interest paid Rs: 2,000; cash Rs: 800; stock at the end Rs: 33,800.

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