Bharathidasan University 2007 Diploma Hotel Management Hotel Accountacy-II - Question Paper

INDIAN INSTITUTE OF CATERING TECHNOLOGY
HOTEL MANAGEMENT,THANJAVUR-5

FINAL EXAMINATION-NOVEMBER-2007

Course:DHMCT MAX.MARKS:75
Subject:Hotel Accountacy-II MIN.MARKS:30
DURATION:3hrs

PART-A

I.Answer any Ten of the following:-
1.What is Depreciation?
2.What do you mean by Material or Inventory Control?
3.Define:"EOQ"
4.What do you understand by ABC analysis?
5.Define the term "Cost".
6.What is Budget?
7.What do you mean by Auditing?
8.Define: Internal Check.
9.What is Accounting Ratio?
10.Find out Stock Turn over Ratio from the subsequent
Sales Rs.1,00,000 Gross Profit Rs.15,000
Opening Stock Rs.20,000 Closing Stock Rs.30,000 Purchase Rs.95,000
11.What is Food cost?
12.What do you mean by Cash flow statement?

PART-B
II.Answer any 5 of the following:-
13.What are the objectives or need for providing depreciation?
14.What are the advantages of Budget?
15.From the subsequent info compute 1)Maximum stock level
2)Minimum stock level 3)Re-order level

Minimum comsumption 240 units per day
Normal consumption 300 units per day
Maximum consumption 420 units per day
Re-order volume 3600 units
Re-order period 10 to 15 days
Normal order period 12 days

16.Prepare a simple cost sheet from the subsequent info.
Rs.
Direct materials 2,00,000
Direct wages 2,10,000
Factory expenses 1,20,000
Office expenses 90,000
Sales 6,50,000

17.Find out Gross profit ratio from the subsequent.
Rs. Rs.
Opening Stock 20,000 Purchase 70,000
Sales 1,20,000 Wages 5,000
Gas 5,000 Closing stock 20,000

18.Calculated Economic order volume from the subsequent.
Annual requirements 3600kgs
Cost of placing and receiving 1 order Rs.10
Annual carrying and storage cost Rs.20 p.a.

19.From the subsequent particulars,you have to obtain out the rate of depreciation,under the straight-line method.
Cost of Assets Rs.5000
Scrap Value Rs.500
Estimated Life 10 years

PART-C
I.Answer any 3 of the following:-
20.Hotel Taj purchased a washing machine on first July 1984 at a cost of Rs.14,000 and Rs.1000 was spent on its installation.The depreciation is written off at 10% on original cost every year.The books are closed on 31st December every year.The machine was sold for Rs.9500 on 31st march 1987.State the machinery account for all the years.

21.From the subsequent particulars,prepare stores ledger adjustment account under FIFO method.
Units p.u
March two Purchases 200 at Rs.200
" four Issued 150
" six Purchased 200 at Rs.220
" 10 Issued 100
" 16 Purchases 200 at Rs.210
" 18 Issued 220
" 24 Purchases 150 at Rs.230
" 25 Issued 190
" 28 Issued 30

22.Discuss the different elements of cost.Give a few examples of every.
23.What are the qualification and qualities of an Auditor?
24.From the Balance Sheet compute 1)Current Ratio
2)Liquid Ratio 3)Proprietory Ratio 4)Dept-Equity Ratio.
Liabilities Rs. Assets Rs.
5000 Equity shares Land &Building 6,00,000
of Rs.100 every 5,00,000
2000 8% preferemce Plant & Machinery 5,00,000
shares of Rs.100 every 2,00,000
4000 9% depntures Stock 2,40,000
of Rs.100 every 4,00,000
Reserves 3,00,000 Deptors 2,00,000
Creditors 1,50,000 Cash and Bank 55,000
Bank Overdraft 50,000 Prepaid Expenses
5,000
---------------------------------------------------------------------------------------------------------------------------------
16,00,000 16,00,000
------------------------------------------------------------------------------------------------------------------------------------

Earning:   Approval pending.