Accounting for Management MGU

8/19/2019 Accounting for Management MGU

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G 8969

2.

(a)

(Pages

: 9)

R-eg. No.---,----.-.............

Name.---

M.B.A. DEGREE

(RDGI'IIIR)

EXAMINATION,

MARC'I

2OI3

First

SieEester

ACCOTINTINC FOR MANACEMENT

(New

Scheme-2012

Time :

lhree Ilours

\

Maximum : 60 MArks

Answer ail

'

All

questinns

catry

equal marhs.

1.

(a)

Describe

difrerent accdunting concept€

atrd accounting

conventions.

Ot

lb)

What

is acmunling

equation

?

What are

the different

b.pes

ofaccounls

and state

the rules

of

accounting

for

recording

the

business

tralsaqtion

?

l{ret

are

the difrerent

tjapes

of

cash

bmk ?

Iournoligr

Lbe followiDg traEsaclloD. Post

them into ledger

and

prepare

the Tlial

Balance

:

ftly

2o1o

Rs.

1 Ramesh mmmenced

husiness

with

cash

1,000

2

3

6

7

10

iz

l4

400

200

400

Or

(b)

What

is

pmfit

and loss account and

balance sheet

and

prepa.e

with

imaginary

figure

?

18

22

31

and tmilding

Deposit€d into

bank

Purchased

goods

for cash

Bought

furniture

for

personal

use

Drew fiom

bank for office

use

Ms

sold to

Jayanta

Bought

goods

of Jagannath

Received

cash

fioe

Jayanta

Allol'ed

him discount

Paid trade expenses

Paid wages

Paid

Jagannath

in

full

settlement

... 50,000

.

...

.

9,000

...

500

..'

1,400

...

1,000

...

600

...

410

...

590

.,_

10

Turn

ovet


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I

2

C

a069

3.

(a)

Find out all

possible

ratios and evaluate the

perfornrance

and efficiirncy

of

management

Li4bilities

Capital 4O,0OO shares

Cftditor6

Profit and

Irss

6%

Deb€ntues

ns. Assels

...

40,00,000

l,and and

Building

...

18,0O,OOO Plaat

and Machinery

...

Rs.

30,00,o00

16,00,000

...

29,60,000

.."

14,20,000

...

6,20,000

96;00,0{0

...

26,00,000

Stock

...

6,00,000 Debtors

...

6,00,000-

Cash

and Bank

96,00,00t)

To opeaing

Stock

PutchaEe

Direct

Elpenses

Gro&s

Profrt

To adminishativeElpense€

.,.

s€lling and

Dirtributiou

...

financial

Eipeoses

Noo Operatidg Expenses ...

Neth fit

...

PROFN AND

LASS

AlC

19,90,000

By

sales

Closing

stock

..

1,09,06,000

...

2,86,000

...

68,00,000

1,70,00,000

29,80,000

68,00,000

1,80,000

1,99,80,000

1;S,so,od.ii

30,00,o00

6,00,000

3,00,000

80,000

30,00,000

Grose

Profii

Btd

Non

Operating

Income

69,80,000

69,80,000

Or

(b)

Erplain

the ne€d and

Focedur€c

for

prcpariog

cash

flow

EtateDeDt and

erplain how its is

ditrerqrt

froE fund

llow atstement.

4.

(a)

Estimate

the budAeted

cost

ofsales for

75% capacity and

100%

Capacity

based on the

following

data

for

60%

capacity

:

Materid

Labour

Variable Expenses

(Direet)

Rs.

per

unit

100

50

10


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I

3

c

8969

AdDinistrative

Eapenses

(50%

fixed)

40,000

SelliDg

snd

Distributioo

{60%

Fixed

50.000

Prcsent Producti,on

(50%)

Capacity

1.000

units

Ot

(b)

What is margin

of

safety,

brealeven

poio .

aJrd

cost

volume

profit

anslysis

?

Explain CVp

is

us€ful

for managerial

decision-making

?

Cohpulsory

6,

AuJn

Sai Ltd.

uses

standard

costing sJ,1st€m

and

their

results

for

tlie

month of

December

199g

arc

as follows

:

Budgeted

total

overhead

...

Rs. 50,000

(Fixed

30,000

and variable

20,000)

Budgeted

hours

...

2O.O0O

Budgetad

output

...

2 imits

per

hour

Actual

overhead

...

Rs.52,000

(Flixed

30,800

and variable

21,b00)

Actual

hours

.-.

f6,000

ActrrJ

outpqt

in

units

...

30.000

Compare

overhead

vaiiance.

(5

x

lZ

=

60

ma*s)

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Accounting for Management MGU