V Semester Bba-Model Question Papers

V SEMESTER BBA-MODEL QUESTION PAPERS

MANAGEMENT ACCOUNTING (CBCSS-2013 ADMISSION ONWARDS)

TIME: 3 HOURS MARKS:80

PART A

ANSWER ALL QUESTIONS

(10*1=10 Marks)

1. What is management accounting?

2. What is window dressing?

3. What is owner’s equity?

4. Define budgetary control?

5. Define trend analysis?

6. What do you mean by Master Budget?

7. What is a common size statement?

8. Define inventory turnover ratio?

9. What is a cash flow statement?

10. What is debt equity ratio?

PART B

ANSWER ANY EIGHT. EACH QUESTION CARRIES 2 MARKS.

(8*2=16 Marks)

11. What are the advantages of budgetary control?

12. What is ratio analysis?

13. What is a liquidity ratio? Name the different liquidity ratios.

14. Differentiate between fixed and flexible budgets?

15. What is operating ratio? Write the formula to find the operating ratio.

16. Find out working capital turnover ratio:

Cash 10000

Bills Receivables 5000

Sundry debtors 25000

Stocks 20000

Sundry Creditors 30000

Cost of sales 150000

17. What is profitability ratio? Which are the general profitability ratios?

18. What is a sales budget?

19. What are the sources of cash inflow?

20. What are the limitations of management accounting?

21. Define:

(a)horizontal analysis (b)vertical analysis

22. What is a cash ratio? How can we find the cash ratio?

PART C

ANSWER ANY SIX. EACH QUESTION CARRIES 4 MARKS.

(6*4=24 Marks)

23. Following are the balance sheet of a concern for the years 2006 &2007.Prepare a comparative balance sheet and study the financial position of the concern.

Liabilities Amount(2006) Amount(2007)

Equity share capital 600000 800000

Reserves &surplus 330000 222000

Debentures 200000 300000

Long term loans on mortgage 150000 200000

Bills Payable 50000 45000

Sundry Creditors 100000 120000

Other current liabilities 5000 10000

Total 1435000 1697000

Assets

Land & Building 370000 270000

Plant & Machinery 400000 600000

Furniture & fittings 20000 25000

Other fixed assets 25000 30000

Cash in hand & at bank 20000 80000

Bills receivables 150000 90000

Sundry debtors 200000 250000

Stock 250000 350000

Prepaid expense 2000

Total 1435000 1697000

24. From the data given below compute:

(a)Working capital (b)Net capital employed

(e) Debt-equity ratio (f)Fixed asset ratio

Balance sheet as on 31st december1999

Liabilities Amount Assets Amount

Equity share capital 25000 Fixed assets 30000

Preference share capital 5000 Current Assets:

Reserve and surplus 4000 Stores 2000

Debentures 8000 Sundry Debtors 1000

Bank loan 4000 Cash 500

Sundry Creditors 1000 Bank 2500

Proposed dividends 1000 Preliminary Expenses 8000

Provision for taxation 2000 Brokerage on Shares 2000

Stock 4000

Total 50000 Total 50000

25.Explain the functions of management accounting.

26.What is a flexible budget? Prepare a flexible budget for overheads on the basis of the following data.Ascertain the overhead rates at 50%,60% and 70% capacity.

Variable overheads: At 60% capacity

Indirect Material 6000

Indirect Labour 18000

Semi-variable Overheads:

Electricity(40%fixed,60%variable) 30000

Repairs(80%fixed,20%variable) 3000

Fixed Overheads:

Depreciation 16500

Insurance 4500

Salaries 15000

Total Overheads 93000

Estimated Direct Labour Hours 186000

27. Define financial statement analysis. What are the different types of financial analysis?

28. from the following income statement of Matrix Ltd. For the years 1992 and 1993,prepare common size income statement.

Particulars Amount(1992) Amount(1993)

Gross sales 725000 815000

Less:Sales returns 25000 15000

Net sales 700000 800000

Cost of sales 595000 615000

105000 185000

Operating expenses:

Selling and distribution expenses 23000 24000

Administrative expenses 12700 12500

35700 36500

Operating income 69300 148500

Other incomes 1200 8050

70500 156550

Non-operating expenses 1750 1940

68750 154610

29. Differentiate between financial accounting and management accounting?

30.What is Zero Base Budgeting? What are the process involved in ZBB?

31. The following are the summarized balance sheets of a company as on 31st December 1990 and 1991:

Liabilities Amount(1990) Amount(1991)

Share capital 200000 250000

General Reserve 50000 60000

Profit & loss account 30500 30600

Bank loan(long term) 70000

Sundry Creditors 150000 135200

Provision for taxation 30000 35000

530500 510800

Assets

Land & Building 200000 190000

Machinery 150000 169000

Stock 100000 74000

Debtors 80000 64200

Cash 500 600

Bank 8000

Goodwill 5000

530500 510800

Additional information:

During the year ended 31st December 1991:

(a) Dividend of Rs 23000 was paid.

(b) Assets of another Company were purchased for a consideration of Rs.50000 payable in shares.The following assets were purchased-Stock Rs.20000, Machinery Rs. 8000

(d) Depreciation written off on Machinery Rs. 12000

(e) Income tax provided during the year Rs.33000

(f) Loss on sale of Machinery Rs.200 was written off to General Reserve.

You are required to prepare Funds Flow Statement

PART D

ANSWER ANY TWO QUESTIONS. EACH QUESTION CARRIES 15 MARKS.

(2*15=30 Marks.)

32.What is a budget? Explain the classification and types of budgets.

33.Explain the different methods of financial analysis.

34.What is a fund? Explain the sources of funds.

35.Define ratio analysis. Explain the classification of ratios.