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Rajasthan Technical University 2009 M.B.A m-105 Management accounting-I - Question Paper

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Rajasthan tech. University
M.B.A. one sem (Main/Back)
February 2009

m-105 Management accounting-I

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Rs. 10.000. Creditors Rs. 25.000, B/R Rs. 11.400. B/P R*. 8.000. Interest Jftkved. on_fixed deposit jKs.lSflQ. Drawing fe,'60. CashJU. Rg. 3t.30fr

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Discount (l>rft 600, CommiasiatWCr.) 2.200. RjWjjg . TgHaOO-. Wage* Rs. 2riOQy Slaries. for rT maltha iV Rs. 5,300. .Advfrtimonts X/f-200, TrVdemark Rs. lQQ. Building Rf tnnnn BsMWbts Rs. 800. Provision for ad-debia Rs. 1.900.

Prepare Final Account for the year ending 31** March 2008 after taking in to consideration of following adjustments :

(1) Closing stock on 31* March 2008 Ra. 28.400

(2) Interest accrued on fixed deposits in Bank for 3 months, commission received inadxance _Rs._400.,

(3) Further Bad-debt* Rs. 500 and maintain provision for bad-debts gt 5% on (febtSfs.

(jy Depredate Building by 5%,

(5) Goods worth Rs. 300 were donated for which no entry was made in tho books..

(G) Provide for Manager's commission 5S on net profit after charging this commission.

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S (a) From the Balance sheets and information given below

* prepare a statement of sources and uses for the yea 2008 : ^r------------

Inabilities	*007 Re.	2003 Rs.	Assets	2007 Rt.	2008 ! Rs.
Creditor**''	44000	44.000	Ca*h	10.000	7.000
torn from A	25,000	-	Debtors	30.000	30.000
Im from Bank	41X000	50,000	Stock	35,000	25.000
Capital	1,25,000	1.53.000	Machinery	80.000	55.000
		<	Budding	35,000	eo.ooo
			Land	40.000	50.000
	2.30.000	*.47.000		2,30,000	2,47,000

During .the year 200S a Machint* o (accumulate# depreciation Rs. 3,000V was sold for Rs. 5.000. Tfte provision for depreciation on Jan. 2008 and 31 ** 2008 were Rs. 25,000 and Rs. 10,000 respectively. NetproQt for the year 2008 was amounted., to Rs. 45,000. ,

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(b) Write notes on :

t developments in management accounting (nrComparative financial statement.

(a) Following informations are obtained from the books of Varun Textiles Limited and you arc Yequired to ascertain cash from operation there from for the year 2007-08 :

	31-3-2007 Rs.	St-3-2008 Rs.
Profit and Lom accounts	3.20.000	4.80.000
Sundry rwdicon	80000	81.000
.Sunder debtor*	1.07.000	1.31,400
Prepaid expenses	4800	3.900
Accrued Intvmt	3,600	3.900
Provision for depreciation	00.000	1.15.000
Fixed aeeu (at *D	4.50.000	S.GO.OOO
Income ias payable	26.000	19,000

Additional information for the year 2007-08 :

(i) Interest on debenture paid and debited to profit and loss account for the year was Rs. 36.000 and interest received and credited to profit and loss account was Rs. 7.800.

(ii) A machine costing Rs. 18.000 (accumulated depreciation Rs. 11,000) was sold for Rs. 13,500.

*5 a	Roll No.		Total Pihted P9: jT]
w ml		1M6105
m	MB-A- (Sem. 1) (Main/Back) Examination, February 2009
*	(M-105)
mm	Management Accounting -1

Time: 3 Hours) fTolal Marks : 70

77w question Paper is divided in two. Sections.

Section A contains 6 Questions out of which the candidate is

required to attempt any 4 questions. Section B contains short case study/application based one question which is compulsory.

Ml questions are carrying equal marks.

Use of knowing supporting material is permitted during examination.

(Mentioned in form No. 206)

1.______Nil________2. m

SECTION - A

1 (a) The structure of Management accounting is created by adopting concepts and techniques from a number of disciplines." Explain.

(b) Explain Money measurement, separate entity and matching concept of Financial Accounting.

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I (a) What are the guiding principles of Corporate Governance ?

(b) "Following balances have been extracted from the books of Shri Gagan Shivani on 31*' March, 2008 : sf Opening stock Rs. 15.000, Pui3has Rs. 50.000. SbittfT Rs. 80.000, Return I>&rd Its. 300, Returnward Rs. 2.000, Debtors Ks. 40,500, Fixed deposit in Bank

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