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QUESTION PAPERS = Q.7 MBA FIRST SEMESTER NEW EXAMINATION JANUARY/FEBRUARY - 2011 Time: 3 Hours Max. Marks: 80 Note: Answer All Questions PART-A (10 * 2= 20 Marks) 1. @)_ Limitations of financial accounting (b) Accounting conventions (c) Tax evasion (@)_ Cash flow statement (©) Accounting cycle . (f) Objectives of human resources accounting, (g) Causes for depreciation (b) Money measurement concept (i) Balanced scorecard (Liquidity ratios PART-B (5 « 12 = 60 Marks) Answer all the questions using internal choice 2. (a) Discuss the importance of accounting information for decision making. OR (b) Pass a compound journal entry in each of the following cases: (i) Payment made to Ram & 1,000. He was allowed a cash discount of ® 50 (ii) Cash received from Suresh 800 and allowed him Z 50 as discount (iii) A running business was purchased by Mohan with the following assets and liabilities: Cash € 2,000, Land 4,000, Furniture & 1,000, Stock ® 2,000, Creditors ® 1,000, Bank overdraft % 2,000 3. (a) Explain the various methods of depreciation. OR (b) The following trial balance is extracted from the books of Krishna on 31st December 2009. Particulars . Debit Credit ® ® Furniture . 6,400 Motor vehicles 62,500 Buildings 75,000 Capital account 1,25,000 Bad debts 1,250 Provision for bad debts 2,000 Sundry debtors and creditors 38,000 25,000 Stock on January 1, 2009 34,600

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