7/23/2019 Afm Model Qp Set a 2015

http://slidepdf.com/reader/full/afm-model-qp-set-a-2015 1/1

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

---------------------------------------------------------------------------------------------------------------------------------------------

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 taken1000 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

Debentures

Creditors

P&L Account

70000

12000

10360

10740

74000

6000

11840

11360

Cash

Debtors

Stock

Goodwill

Land

9000

14900

49200

10000

20000

7800

17700

42700

5000

30000

103100 103200 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? [OR] 

(b) Discuss the various packaged accounting software’s

A