Post Graduate Diploma-PG Diploma in Hospital Management (PGDHM) 1st Sem 102 : MANAGERIAL ACCOUNTING AND FINANCIAL MANAGEMENT(University of Pune, Pune-2013)

                          PGDHM (Semester – I) Examination, 2013
               102 : MANAGERIAL ACCOUNTING AND FINANCIAL MANAGEMENT
                                                        (2012 Pattern)

Time : 3 Hours                                                                     Max. Marks : 70

Instructions :

1) Question no. 1 is compulsory and attempt any two questions from each Section.

2) Figures to the right indicates full marks.

3) Use of simple calculator is allowed.

4) Answers to both Sections are to be written in the same answer book.

 

1. A) Fill in the blanks with appropriate word given in the bracket 5

i) A Party from we purchase the material (Goods) on credit is our __________ (Debtor, Creditor, Customer)

ii) The right hand side of a ledger account is called __________ side. (Front, Back, Credit, Debit)

iii) Expenses made by the business are always _________ (Debited, Credited, Added)

iv) If the total of debit side of ledger account is greater than its credit side, the said account will show a ____________ balance. (Nil, Debit, Credit, Negative)

v) Trial Balance ensures ___________ accuracy but not accounting accuracy. (Geometrical, Scientific, Arithmetical)

 

B) State whether following statements are true or false : 5

i) P’s Capital account is a personal account.

ii) Trial Balance is prepared after preparing Trading, Profit and Loss Account and Balance Sheet.

iii) Wages appearing in trial balance are debited to profit and loss account.

iv) Balance Sheet is a statement of assets and liabilities and not an Account.

v) Trade discount does not appear in books of accounts.

P.T.O.

4384] – 102 -2- 

 

SECTION – I

2. Write short notes on any three : 15

i) Final Accounts

ii) Term Loan

iii) Sundry Debtors

iv) Current Assets

v) Bank Cash Credit and Bank Overdraft.

 

3. A) Write down the sequence of all the actions involved in preparing Trading, Profit and Loss A/c and Balance Sheet (i.e. Final accounts). 5

B) Which are the various Types of Ledger Accounts ? Explain the rules of accounting them with one example each. 5

C) Explain the term Outstanding expenses. Name the five such expenses. 5

 

4. From the following Trial Balance of M/s RAM Traders, prepare Trading, P & L and Balance Sheet as on 31-03-2012 considering the following given adjustments. 15

Ledger Accounts Debit Rs. Credit Rs.

Plant and Machinery 32,000

Sundry Debtors 22,000

Sundry Creditors 40,700

Motor car A/c 30,600

Discount Received 1,800

Discount Allowed 2,700

Furniture Account 14,300

Sales Account 2,30,000

Purchase Account 1,17,000

Purchase Return 1,800

 

Earning:  ₹ 7.05/-