Bharathidasan University 2009 M.B.A Barathidasan University Accounting for Managers - Question Paper

Barathidasan University MBA Accounting for Managers June 2009

ans any five : 5*20=100
Time : three Hrs

1. discuss the following:
(a) A Journal
(b) An Account
(c) A Ledger
2. Bring out the relationship ranging from a journal and a ledger.
3. discuss the significance of Trial Balance.
4. Why adjustment entries are necessary?
5. Narrate the rules of debit and credit.
6. Distinguish nominal accounts from real accounts.
7. discuss the mechanism of balancing an account.
8. How and why closing entries are made?
9. The subsequent transactions relate to a business concern for the month of
December 2005. Journalise them, post into ledger accounts, balance and
prepare the Trial Balance.
March one - Started business with a capital of Rs.9,000
March two - Purchased furniture Rs.300
March three - Purchased goods Rs.6,000
March 11 - Received order for half-of goods from `C’
March 15 - Delivered goods, `C’ invoiced Rs.4,000
March 17 - Received order for the remaining half of goods
March 21 - Delivered goods, cash received Rs.3,800
March 31 - Paid wages Rs.300

Earning:   Approval pending.