BA9206 ACCOUNTING FOR MANAGEMENT JANUARY 2010 ANNA UNIVERSITY MBA QUESTION PAPER JANUARY 2010 REGULATION 2009
BA9206 ACCOUNTING FOR MANAGEMENT JANUARY 2010 ANNA UNIVERSITY MBA QUESTION PAPER JANUARY 2010 REGULATION 2009
2. Define Management Accounting.
3. What is a Balance Sheet?
4. What is Trading Account?
5. Who are the users of Financial Statements?
6. Define Ratio Analysis.
7. What is Cost Accounting?
8. Define Contract Costing.
9. What is Internal Reporting?
10. What is Two-Column Cash Book?
Or
(b) Describe the advantages of Human Resources Accounting.
12. (a) From the following balances taken out at the close of a year ended
31st December 2007, prepare a Profit and Loss Account.
Amount (Rs.) Amount (Rs.)
Gross profit 1,02,000 Discount (dr.) 1,000
Carriage outwards 5,000 Apprentice premium 3,000
Salaries 11,000 Printing and Stationary 500
Rent 2,200 Rates and taxes 700
Insurance premium 1,800 Traveling expenses 400
Bad debts 4,200 Depreciation 12,000
Sundry trade expenses 600 Repairs and maintenance 5,600
Or
(b) From the following trial balance of Evergreen and Company, prepare
trading and Profit and Loss Account and Balance Sheet.
Particulars Debit (Rs.) Credit(Rs.)
Cash in hand 2,400
Purchases 2,40,000
Stock on 1st January 2005 70,000
Debtors 1,00,000
Plant and machinery 1,20,000
Furniture 30,000
Bills receivable 40,000
Rend and taxes 20,000
Wages 32,000
Salaries 37,600
Capital 2,00,000
Bills payable 44,000
Creditors 48,000
Sales 4,00,000
6,92,000 6,92,000
132 132 132
W 6506 3
Additional Information :
(i) Closing Inventory as on 31st December 2005 Rs. 50,000
(ii) Outstanding wages Rs. 5,000
(iii) Depreciation on Plant and Machinery at 10 percent and Furniture
at 5 percent.
13. (a) Explain the essential features of Financial Statements.
Or
(b) From the following particulars extracted from the financial statement of
ABC and Co. compute
(i) Current ratio
(ii) Liquid ratio.
(iii) Inventory turnover ratio
(iv) Debtors turnover ratio.
Rs. Rs.
Opening stock 47,000 Sundry debtors 42,000
Closing stock 53,000 Cash 10,000
Sales less returns 2,52,000 Bank 8,000
Provision for bad debts 2,000 Bills receivable 15,000
Sundry creditors 32,000 Provision for taxation 15,000
Loose tools 4,000 Bills payable 29,000
Purchases 1,80,000 Marketable securities 8,000
14. (a) Describe various methods of Cost Accounting.
Or
(b) Explain the advantages and limitation of Job Order Costing.
15. (a) Explain the significance of Computerized Account System.
Or
(b) Explain the advantages of Prepackaged Accounting Software.
BA9206 ACCOUNTING FOR MANAGEMENT JANUARY 2010 ANNA UNIVERSITY MBA QUESTION PAPER JANUARY 2010 REGULATION 2009
M.B.A. DEGREE EXAMINATION, JANUARY 2010
First Semester
BA 9206— ACCOUNTING FOR MANAGEMENT
(Regulations 2009)
Time: Three hours Maximum: 100 marks
Answer ALL Questions
PART A — (10 × 2 = 20 Marks)
1. What are the objectives of Accounting?2. Define Management Accounting.
3. What is a Balance Sheet?
4. What is Trading Account?
5. Who are the users of Financial Statements?
6. Define Ratio Analysis.
7. What is Cost Accounting?
8. Define Contract Costing.
9. What is Internal Reporting?
10. What is Two-Column Cash Book?
PART B — (5 × 16 = 80 Marks)
11. (a) Enumerate the basic features of Accounting Principles.Or
(b) Describe the advantages of Human Resources Accounting.
12. (a) From the following balances taken out at the close of a year ended
31st December 2007, prepare a Profit and Loss Account.
Amount (Rs.) Amount (Rs.)
Gross profit 1,02,000 Discount (dr.) 1,000
Carriage outwards 5,000 Apprentice premium 3,000
Salaries 11,000 Printing and Stationary 500
Rent 2,200 Rates and taxes 700
Insurance premium 1,800 Traveling expenses 400
Bad debts 4,200 Depreciation 12,000
Sundry trade expenses 600 Repairs and maintenance 5,600
Or
(b) From the following trial balance of Evergreen and Company, prepare
trading and Profit and Loss Account and Balance Sheet.
Particulars Debit (Rs.) Credit(Rs.)
Cash in hand 2,400
Purchases 2,40,000
Stock on 1st January 2005 70,000
Debtors 1,00,000
Plant and machinery 1,20,000
Furniture 30,000
Bills receivable 40,000
Rend and taxes 20,000
Wages 32,000
Salaries 37,600
Capital 2,00,000
Bills payable 44,000
Creditors 48,000
Sales 4,00,000
6,92,000 6,92,000
132 132 132
W 6506 3
Additional Information :
(i) Closing Inventory as on 31st December 2005 Rs. 50,000
(ii) Outstanding wages Rs. 5,000
(iii) Depreciation on Plant and Machinery at 10 percent and Furniture
at 5 percent.
13. (a) Explain the essential features of Financial Statements.
Or
(b) From the following particulars extracted from the financial statement of
ABC and Co. compute
(i) Current ratio
(ii) Liquid ratio.
(iii) Inventory turnover ratio
(iv) Debtors turnover ratio.
Rs. Rs.
Opening stock 47,000 Sundry debtors 42,000
Closing stock 53,000 Cash 10,000
Sales less returns 2,52,000 Bank 8,000
Provision for bad debts 2,000 Bills receivable 15,000
Sundry creditors 32,000 Provision for taxation 15,000
Loose tools 4,000 Bills payable 29,000
Purchases 1,80,000 Marketable securities 8,000
14. (a) Describe various methods of Cost Accounting.
Or
(b) Explain the advantages and limitation of Job Order Costing.
15. (a) Explain the significance of Computerized Account System.
Or
(b) Explain the advantages of Prepackaged Accounting Software.
