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    This document appears to be an exam for an MBA degree course covering accounting for management. It contains 3 sections with multiple choice and written response questions. Section A has 10 multiple choice questions worth 2 marks each. Section B has 4 out of 6 short answer questions worth 5 marks each. Section C has 2 out of 3 long answer questions worth 10 marks each. The questions cover topics such as financial accounting, trial balances, cost sheets, break even analysis, variances, and distinguishing between different accounting concepts.

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    pdf3

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    72 views2 pages
    This document appears to be an exam for an MBA degree course covering accounting for management. It contains 3 sections with multiple choice and written response questions. Section A has 10 multiple choice questions worth 2 marks each. Section B has 4 out of 6 short answer questions worth 5 marks each. Section C has 2 out of 3 long answer questions worth 10 marks each. The questions cover topics such as financial accounting, trial balances, cost sheets, break even analysis, variances, and distinguishing between different accounting concepts.

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    This document appears to be an exam for an MBA degree course covering accounting for management. It contains 3 sections with multiple choice and written response questions. Section A has 10 multiple choice questions worth 2 marks each. Section B has 4 out of 6 short answer questions worth 5 marks each. Section C has 2 out of 3 long answer questions worth 10 marks each. The questions cover topics such as financial accounting, trial balances, cost sheets, break even analysis, variances, and distinguishing between different accounting concepts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    72 views2 pages

    pdf3

    Uploaded by

    sreesajesh
    This document appears to be an exam for an MBA degree course covering accounting for management. It contains 3 sections with multiple choice and written response questions. Section A has 10 multiple choice questions worth 2 marks each. Section B has 4 out of 6 short answer questions worth 5 marks each. Section C has 2 out of 3 long answer questions worth 10 marks each. The questions cover topics such as financial accounting, trial balances, cost sheets, break even analysis, variances, and distinguishing between different accounting concepts.

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    of 2

    G 663 (Pages : 2) Reg.No….............

    Name……………
    M.B.A. DEGREE EXAMINATION, MAY 1999
    First Semester
    ACCOUNTING FOR MANAGEMENT
    Time : Three Hours Maximum:60
    Marks
    Section A
    Answer all questions
    Each question carries 2 marks.
    1. Define Financial Accounting.
    2. Why is a Trial Balance prepared ?
    3. Explain final accounts.
    4. What is dual aspect concept ?
    5. What is a suspense account ?
    6. What is a cost sheet ?
    7. Distinguish between Cost control and Cost reduction.
    8. Explain a p/v graph.
    9. Write a note on “elements of cost”.
    10. Explain the significance of p/v ratio.
    (10 x 2 = 20 marks)
    Section B
    Answer any four questions
    Each question carries 5 marks.
    11. Distinguish between Journals and Ledgers.
    12. Explain Financial Accounting conventions.
    13. Write short note on “systems of accounting”.
    14. Draw a simple break even chart giving as many details as possible.
    15. Calculate material cost variances from the following: -
    Standard cost per unit of material – Rs.5.
    Actual rate at which purchases were made – Rs.4.
    Number of units of material required for one unit of output (standard) 5
    Output produced : 100 units.
    Materials consumed : 450 units.
    16. What is a budget variance ? Why is it calculated ?
    (4 x 5 = 20 marks)

    Turn over
    2 G 663

    Section C
    Each question carries 10 marks.
    17. (a) Briefly explain the errors which are not disclosed by a trial balance. Give examples wherever
    necessary.
    Or
    (b) Briefly explain the similarities and dissimilarities among Financial Accounting. Cost Accounting
    and Management Accounting.
    18. (a) Sales Profit
    Rs. Rs.
    Period I 1,00,000 20,000
    Period II 1,50,000 40,000
    You are required to calculate :
    i. Break even point.
    ii. Margin of safety for period II.
    iii. Sales required to earn a profit of Rs.30,000.
    iv. Fixed cost per period.
    v. P/V ratio.
    Or
    (b) Distinguish between :
    i. Works cost and Works oncost.
    ii. Cost of goods sold and Cost of sales.
    iii. Capital expenditure and Revenue expenditure.
    iv. Normal loss and Abnormal loss.
    (2 x 10 = 20 marks)

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