135 Accounting Managers Repeaters

Ililllllilllililililtlillillllll JP - 340
I Semester M.B.A. O"gr5" Examination, July 2A22

(CBCS) (Repeaters) (201 4 - 15 and Onwards)
MANAGEMENT
Paper - 1.3 : Accounting for Miinager
Time : 3 Hours Max. Marks:70
SECTION * A
Answer any five of the following questions. Each question carries 5 marks.(5x5=25)
1. Who are the users of accounting information and briefly state their informational
needs ?
2. What is window dressing of financial statements ? Explain its motives.
3. Explain the classification of costs on the basis of behaviour.

4. What is depreciation ? Discuss the factors influencing depreciation.
5. From the following data calculate P.V. Ratio and Break-Even Point in terms of
sales value
Budgeted output in (units) 70,000
Fixed cost Rs. 8,00,000
Selling price per unit Rs. 44
Variable cost per unit Rs. 24
lf the selling price is reduced to Rs. 40 per unit, what will be revised break-even
point ?
6. Prepare store$ ledger under First ln-First Out method.

l"tApril 202A opening balance 200 units @ Rs. 25 per unit
Receipts:
4th April, 202A: 200 units @ Rs. 22 per unit
1Oth April 202A: 150 units @ Rs. 2'1 unit
,per
20th April, 2AZA: 100 units @ Rs. 20 per unit
lssues :
7th April 2020: 250 units
1Sth April 2020: 200 units

27th April 2020: 250 units
P.T.O,
illlilll llllll lll lllll llll llll
JP - 340 -2- lllll
7. Prepare flexible budget for 7000 units from following information :
10000 units per unit cost (Rs.)

AA
Direct material OU
Direct labour 30
Variable overheads 20
Fixed overheads (Fts. 1,60,000) tb
Selling expenses 15 (50% fixed)
Administration expenses 1O (20% variable)
SECTION -B
Answer any three of the following questions. Each question carries 10 marks. (3x10=30)
Explain the various concepts and conventlons underlying in the preparation of

financial statements.
L Discuss the difterent methods of financial statement analysis.
10. The following Balance Sheet and the sub-joined information is given :
Liabilities , Rs. Assets Rs.

Share capital 4,00,000 Buildings 2,40,000
Reserves and sur[lus 1,16,000 Plant 3,00;000
Debentures 2,00,000 Stock 1,60,000
Creditors 80,000 Debtors 90,000
Bills payable 40,000 Bills receivable 16,000
Outstanding wages 4,000 Cash 34,000

8,40,000 9,40,000
Sales (credit for the yeafl 8,00,000
Gross profit 3,20,000
Net profit 1,60,000
Calculate .
a) Current ratio
b) Liquid ratio
c) lnventory turnover ratio
d) Debtors turnover ratio
IlilillNilfilililtiltillttil JP - 340
e) Net profit ratio
f) Average collection period
g) Fixeci asseis turnover ratio
h) Owned funds to liabilities ratio
11. The following details are provided for machinery owned by ABC Ltd.
Cost of machine 1,56,00,000
Expected useful life 5 years
Estimated realizable value 7,80,000
a) Determine the rate of depreciation as per Straight Line Method.
b) Determine the annual depreciation and accumulated depreciation for allthe
years under SLM.
c) Show the disclosure of machine in the balance forall the years.
d) State the accounting policy adopted by the company.
SECTION _ C (1x15=15)
12. Case study compulsory :
The following is the Trial Balance of Venkateshwara Ltd. as on 31-3-2024 :
Debit Credit
Rs" Ht,
Equity share capital (2,00,000 shares)
of Rs. 10 each 20,00,000
Stock on 1'lApril 1-4-2019 15,00,000
Sales .ll
70,00,000
Purchases 49,00,000
Wages 1n nn nnn
r vrvvrvvv
Discounts 1,40,000 1,00,000

Salaries "1,50,000
Rent 99,000
General expenses including
insurance 3,50,000
Profit and Loss Account on
1't April 20'19 3,00,600
Jp _ 340 .4. ililllillllllllllllllllllllllllllll
Dividendspaid 1,80,000
Bad debts 96,600
General reserve 3,'10,000
Cash in hand and atbank 3,24,000

Sundry debtors and creditors 7,50,000 3,59,000
Plant and machinery 5,80,000
1,00,69,600 1,00,69,600
You are required to prepare a statement of profit and loss and a Balance
Sheet for year ending 31't March 2020 as per the revised Schedule Vl of the
Companies Act after taking in to consicleration the following adjustments.
a) Closing stock Rs. 16,40,000
b) Depreciate machinerY @ 15% P.a.
c) One month rent at Fls. 1,08,000 p.a. was due on 31't March 2020
d) Six months insurance was unexpired Rs. 7,500
e) Directors want to Provide
i) 10% final dividend
ii) lncome tax Rs. 60,000
iii) Fleserve fund Hs. 50,000.
*'t

135 Accounting Managers Repeaters

Uploaded by

Copyright:

Available Formats

135 Accounting Managers Repeaters

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

135 Accounting Managers Repeaters

Uploaded by

Copyright:

Available Formats

Ililllllilllililililtlillillllll JP - 340

I Semester M.B.A. O"gr5" Examination, July 2A22

Time : 3 Hours Max. Marks:70

2. What is window dressing of financial statements ? Explain its motives.

3. Explain the classification of costs on the basis of behaviour.

6. Prepare store$ ledger under First ln-First Out method.

7th April 2020: 250 units

1Sth April 2020: 200 units

7. Prepare flexible budget for 7000 units from following information :

10000 units per unit cost (Rs.)

Explain the various concepts and conventlons underlying in the preparation of

L Discuss the difterent methods of financial statement analysis.

Liabilities , Rs. Assets Rs.

Outstanding wages 4,000 Cash 34,000

12. Case study compulsory :

The following is the Trial Balance of Venkateshwara Ltd. as on 31-3-2024 :

Discounts 1,40,000 1,00,000

Cash in hand and atbank 3,24,000

You might also like