mba annamali questions 2015 part 2

7/25/2019 mba annamali questions 2015 part 2

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Total No. of Pages: 6 6838Register Number:

Name of the Candidate:

M.B.A DEGREE EXAMINATION, May 2015

(FIRST YEAR)

120: FINANCIAL AND MANAGEMENT ACCOUNTING

Time: Three hours Maximum: 75 marks

SECTION - A

Answer any FIVE questions (5 3 = 15)

1. a) What is the scope of management accounting?

b) Explain discounted cash flow method.

c) What are final accounts?

d) Write short notes on common size statement.

e) What do you understand by the term Break Even Analysis?

f) State the main objectives of budgetary control.

g) Explain the different levels of management report.

h) What is the importance of working capital?

SECTION - BAnswer any THREE questions (3 10 = 30)

2. Explain the advantages and disadvantages of management accounting.

3. Ratio analysis is a tool of management for measuring efficiency and guidingbusiness policies Discuss.

4. Explain the procedure for the preparation of funds flow statement.

5. Briefly discuss the steps in the installation of a system of budgetary control.

6. Explain the factors influencing working capital needs of a business.

SECTION - C

Answer any ONE question (1 15 = 15)

7. From the following particulars pertaining to assets and liabilities of a companycalculate (1) Current ratio (2) Liquid ratio (3) Proprietary ratio (4) Debt-Equityratio (5) Capital gearing ratio.


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6838Liabilities Assets

5,000 Equity shares of `100 each 5,00,000 Land and Building 6,00,000

2,000 8% preference shares of `100 each 2,00,000 Plant and Machinery 5,00,000

4,000 9% debentures of `100 each 4,00,000 Stock 2,40,000

Reserves 3,00,000 Debtors 2,00,000Creditors 1,50,000 Cash and bank 55,000

Bank overdraft 50,0000 Pre-paid expenses 5,000

16,00,000 16,00,000

.

8. The expenses for budgeted production of 10,000 units in an factory are furnishedbelow :

Per Unit

Material 70

Labour 25

Variable overheads 20

Fixed overheads (`1,00,000) 10

Variable expenses (direct) 5

Selling expenses (10% fixed) 13

Distribution expenses (20% fixed) 7

Administration expenses 5

Total cost per unit 155

Prepare a budget for production of :

a)

8,000 unitsb) 6,000 units

Indicate cost per unit at both the levels assumes that administration expensesare fixed for all level of production.

9. From the following Balance Sheet of Mr.X, prepare a funds flow statement:

Liabilities31.03.2012 31.03.2013

Assets31.03.2012 31.03.2013

Capital 77,000 78,000 Cash 5,000 2,300

Bank loan 15,000 19,500 Debtors 17,500 19,200

Creditors 18,000 20,500 Stock 12,500 11,000

Land 10,000 15,000Building 25,000 27,500

Machinery 40,000 43,000

1,10,000 1,18,000 1,10,000 1,18,000

Drawing of Mr.X during the year was `20,000 depreciation charge of machinery

was `4,000.


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6838SECTION - D

Compulsory question (1 15 = 15)

10. The Trial Balance of Mr.Gridhar shows the following balance on 31stMarch2013. Prepare final accounts.

Debit balance Credit Balance

Purchases 70,000 Capital 56,000

Sales returns 5,000 Sales 1,50,000

Opening stock 20,000 Purchase returns 4,000

Bank charges 2,500 Discount received 1,000

Salaries 4,500 Sundry creditors 30,000

Wages 5,000

Freight inwards 4,000

Fre ight outwards 1,000

Rent, rates and taxes 11,000

Cash in hand 1,000

Plant and machinery 50,000

Sundry debtors 60,000

Cash at bank 7,000

2,41,000 2,41,000

Adjustments:

a) Closing stock on 31stMarch 2013 was `30,000

b) Salaries outstanding `500

c)

Wages outstanding`300

d) Rent prepaid `200

e) Depreciate plant and machinery by 10%

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mba annamali questions 2015 part 2

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