MISRIMAL NAVAJEE MUNOTH JAIN ENGINEERING COLLEGE

DEPARTMENT: MANAGEMENT STUDIES DEGREE PROGRAMME : MBA

ACADEMIC YEAR: 2015-16

: SEMESTER I

SUBJECT CODE : BA 7106 TITLE : ACCOUNTING FOR MANAGEMENT

DATE: /12/2014
MODEL EXAM
TIME: 3 Hrs MAX. MARKS: 100
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Answer all the Questions

Part A (10 x 2 = 20 Marks)
1. What is financial Accounting?
2. What are personal accounts?
3. What is allotment of shares?
4. What is forfeiture of shares?
5. Write short note on operating ratio?
6. Define cash flow statement?
7. What are the essentials of a good costing system?
8. Define process costing?
9. Why is there a need for computeriseed accounting?
10. Write a note on reserved account groups?
Part B ( 5 x 16 = 80 Marks)
11. (a) State the function of accounting. Elaborate?

[OR]

(b) Write an essay on Human resource accounting and inflation accounting

12. (a) (i) Write the company share capital of journal entries?
(ii) Write the format of final accounts?

[OR]

(b) AC Ltd offered 100000 equity shares of nominal value of Rs 10 each for public subscription at Rs 12.
Amount payable Application: 4.50 on Allotment: 4.50(Including premium) on First & Final call Rs 3
Subscription made was only for 90,000 Shares. All money received except from Ravi. Who had taken
1000 shares failed to pay the final call. His shares were forfeited and reissued to Kumar at Rs 6 each.
Show the journal entries in the books of company.
13.

(a) Explain the sources of funds and application of funds to be presented in Fund Flow Statement and
Explain the uses and limitation of fund flow statement?

[OR]

(b) From the following balance sheet. Prepare fund flow statement
Particulars

2010

2011

Particulars

2010

2011

Share capital

70000

74000 Cash

9000

7800

Debentures

12000

14900

17700

Creditors

10360

11840 Stock

49200

42700

P&L Account

10740

11360 Goodwill

10000

5000

20000

30000

103100

103200

6000 Debtors

Land
103100

103200

Additional Information:
1. Dividend were paid Rs. 4000
2. Land was purchases Rs.10000
14 (a) (i) Describe various methods of Cost Accounting.
(ii) Explain the inventory pricing and valuation method with suitable examples

[OR]

(b) The sales turnover and profit during the years were as follows.
Year

Sales(Rs)

Profit(Rs)

2000

1,40,000

15,000

2001

1,60,000

20,000

You are required to calculate (i) P/v ratio (ii) Sales required to earn a profit of Rs 40,000
(iii) Profit When sales are Rs 1,20,000.
15. (a) Discuss the significance of computerized accounting?
(b) Discuss the various packaged accounting softwares

[OR]