MBA QUESTION PAPER MGU Dec 2023

QP CODE: 24800186 24800186 Reg No : .....................
Name : .....................
M.B.A. DEGREE EXAMINATION, DECEMBER 2023

First Semester
Faculty of Management Science
Core - MB010104 - ACCOUNTING FOR MANAGEMENT
2019 Admission Onwards
BD8B32A6
Time: 3 Hours Maximum Marks: 60

Part A
Answer any five questions. Each question carries 2 marks.
1. What is petty cash book?
2. Discuss the advantages of inflation accounting?
3. What are the types of common size statement?
4. What do you mean by ratio analysis.
5. What is meant by Shareholders' funds?
6. Define 'Marginal Costing'.Mention any two characteristics of marginal costing.
7. What is computerized accounting system?

(5×2 = 10 Marks)
Part B
Answer any five questions. Each question carries 6 marks.
8. Discuss management accounting as an effective tool of financial control.
9. Discuss the objectives and importance of IFRS.
10. Discuss the importance of Comparative Statement Analysis. What are the objectives of
comparative income statement and comparative balance sheet ?
11. Explain the meaning and significance of the following ratios:

(i) Operating Ratio (ii) Liquidity Ratio (iii) Stock turnover Ratio
12. What is Dupont Analysis ? Explain the components of ' Dupont equation'.
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13. Describe the organisation for the preperation of budgets. Bring out clearly the role of key
factor in budgeting.
14. "A cash budget is the plan of the receipts and payments of cash for the budget period,
drawn up so that the balance can be forecast at regular intervals" Justify this statement.
(5×6 = 30 Marks)
Part C
Answer any two questions. Each question carries 10 marks.
Question number 17 is compulsory .
15. Prepare Trading and Profit and Loss A/c for the year ended 31st December 2023 and a Balance
Sheet as on that date from the following Trial Balance.
Particulars Debit Balance (Rs.) Credit Balance (Rs.)

Capital 46000
Drawings 3000
Purchases and Sales 90000 130000
Returns 2000 3000
Cash in hand 4000
Bank overdraft 6000
Debtors and Creditors 40000 22000
Bad debts 1000
Scooter 8000
Interest 3500
Commission 4000
Furniture 5000
Opening stock 22000
Advertising 2000
Taxes and Insurance 3500
Machinery 20000
Discount allowed 1000
General expenses 2500
Wages 3500
211000 211000
The following adjustments are to be made:
(1)Stock on 31st December 2023 is Rs.34000.(2)Wages outstanding is Rs.500 (3)Insurance Rs.300
is prepaid. (4)Commission receivable amounts to Rs.1000
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(5) Rent due amounts to Rs.3000
(6) Advertisement unexpired amount to Rs.500.
16. From the following Balance Sheet of PK Ltd. for the year ending 31.12.2022 and 31.12.2023,
prepare cash flow statement.
Liabilities 2022 Rs. 2023 Rs. Assets 2022 Rs. 2023 Rs.
Equity share capital 300000 400000 Goodwill 115000 90000
Redeemable pref. share capital 150000 100000 Land &Building 200000 170000
General Reserve 40000 70000 Plant 80000 200000
Profit&Loss A/c 30000 48000 Debtors 160000 200000
Proposed dividend 42000 50000 Stock 77000 109000
Creditors 55000 83000 Bills receivable 20000 30000
Bills payable 20000 16000 Cash in hand 15000 10000
Provision for taxation 40000 50000 Cash at bank 10000 8000
677000 817000 677000 817000
The following information is also provided :
1. Depreciation of Rs.20000 on land and building and Rs.10000 on plant has been
charged in 2023.
2. Interim dividend of Rs.20000 has been paid in 2023.
3. Income tax Rs.35000 has been paid during 2023.
Compulsory Question
17. Following data are extracted from the books of Kishore for the year 2007
Calculate :
(a) Prime cost
(b) Works Cost
(c) Cost of Production
(d) Cost of sales
(e) Net profit.
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Rs.
Opening stock of raw materials 25,000
Closing stock of raw materials 40,000
Purchase of raw materials 85,000
Carriage inwards 5,000
Wages Direct 75,000
Wages Indirect 10,000
Other direct charges 15,000
Rent & Rates- Factory 5,000
Rent & Rates- office 500
Indirect consumption of materials 500
Depreciation plant 1,500
Depreciation office furniture 100
Salary office 2,500
Salary salesman 2,000
Other office expenses 900
Other factory expenses 5,700
Managing Director's Remuneration 12,000
Other selling expenses 1,000
Travelling expenses 1,100
Carriage outwards 1,000
Sales 2,50,000
Advance income tax paid 15,000
Advertisement 2,000
Managing Director’s remuneration is allocated as Rs.4,000 to the factory, Rs.2,000 to

the office and Rs.6,000 to the selling department.
(2×10 = 20 Marks)
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QP CODE: 24800186 24800186 Reg No : .....................

M.B.A. DEGREE EXAMINATION, DECEMBER 2023

Time: 3 Hours Maximum Marks: 60

1. What is petty cash book?

2. Discuss the advantages of inflation accounting?

3. What are the types of common size statement?

4. What do you mean by ratio analysis.

5. What is meant by Shareholders' funds?

6. Define 'Marginal Costing'.Mention any two characteristics of marginal costing.

7. What is computerized accounting system?

8. Discuss management accounting as an effective tool of financial control.

9. Discuss the objectives and importance of IFRS.

11. Explain the meaning and significance of the following ratios:

Page 1/4 Turn Over

Particulars Debit Balance (Rs.) Credit Balance (Rs.)

677000 817000 677000 817000

The following information is also provided :

Page 3/4 Turn Over

Managing Director’s remuneration is allocated as Rs.4,000 to the factory, Rs.2,000 to

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