ANSAL UNIVERSITY, GURGAON

HPT1006; Management Accounting

Bachelors of Hospitality Management
End Term Exam: 2013
Time: 3 hrs

Max.Marks: 60

Instructions: 1. Attempt any four questions from section A.

2. Attempt any two questions from section B.
3. Section C is compulsory.
2. Calculator is allowed.
SECTION-A
Attempt any Four questions

4*6 marks=24

Q.1 Distinguish between management Accounting & Cost Accounting.

Q.2 Write Short on followings:
a) Goodwill.
b) Cost of goods Sold
c) Operating Expenses
Q.3 Briefly explain Contents of the Balance Sheet under uniform system.
Q.4 Complete the following sentences:
a) Accounting designed to serve parties external to the operating responsibilities of the firm
is termed as..
b) Accounting designed for operational needs of business is termed as
c) Management Accounting hasscope than cost Accounting
d) Working capital is equal to
e) Cost of goods sold is the difference between sales and
f) Current assets are those assets which can be converted into cash within..or
accounting year whichever is earlier
Q.5 What do you mean by Common size statement & Comparative statement? Explain with
some suitable example.
SECTION-B
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Attempt any Two questions

2*10 marks=20

Q.6 What is Internal Control? Discuss objectives and components of internal Control.
Q.7 You are required to prepare income statement by using the following information:

Sales
Rs. 12,00,000
Cost of goods Sold
Rs.8,00,000
Office expenses
Rs.1,50,000
Sales & Distribution Expenses
Rs. 1,00,000
Interest
Rs. 50,000
Tax
Rs. 50,000
Q.8 What is internal audit? How it differs from statutory audit? Discuss the procedure for the
implementation of Internal Audit.

SECTION-C
(Compulsory)

1*16 marks=30

Q.9 Mr Gopinath is running three star Hotel. Following Trial Balance is related to year ended
31st December 2012 You are required to prepare Trading and Profit and Loss Account for the
year and Balance Sheet as on that date.
Dr. Balance (Rs,)
Capital Employed in Hotel
Drawings by proprietor
Hotel Furniture
Stock on January 1, 2012
Purchases and Sales Revenue
Sales Returns
Purchase Returns
Waiters and staff Salaries
Rent of Hotel Building
Carriage
Rates and Taxes
Apprentice Premium received from Trainee
students
Bank charges
Bank Overdraft
Sundry Debtors
Cash in hand
Sundry Creditors
Bills Receivable
Bills Payable
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4,260
5700
8760
65,172
1260

Cr. Balance (Rs).

27,000

71,436
1746

2640
720
1500
1200
750
1032
1200
19200
288
6000
1440
1080

Discount Received from vendors

960

You are required to consider the following adjustments:

i.
Stock on December 31, 2012 was valued at Rs. 10,200.
ii.
Depreciate Furniture at 10% per annum.

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