Maharashi Dayanand University (MDU) 2007 M.B.A Business Administration Accounting for Managers 2008 - Question Paper

UNIT-I
Q:1 Define the term accounting concept. discuss any 3 concepts of accounting with suitable
examples.
Q:2 ‘Depreciation is allocation of cost and not evaluation. ‘Explain the statement with help of any
method of depreciation accounting.
UNIT-II
Q:3 From the published accounts of a company, how would you assess the subsequent :
(a ) Debt Equity Ratio
(b)Profitability Ratio
(c ) Current Ratio

Q:4 Jackson Pvt. Ltd. current then subsequent financial statements for 2004 and 005 . Prepare a source
and application of Funds Flow Statement :
2004 2005
Assets
Cash - 10,600
Investments 17,400 -
Sundry Debtors 69,200 1,05,600
Stock in Trade 86,400 1,36,600
Net Fixed Assets 2,22.600 2,79,600
__________ _________
4,06,200 5,28,000
___________ __________

Liabilities
Sundry Creditors 82,600 1,25,400
Bills Payable 45,200 62,800
Loan form Bank 20,000 47,000
Reserves & Surplus 1,38,400 1,72,800
Share Capital 1,20,000 1,20,000
___________ __________
4,06,200 5,28,000
___________ ___________
Depreciation of Rs. 37,800 was written off for 2004 on fixed assets.
UNIT- III
Q:5 ‘During Inflationary trend, it is advisable to follow LIFO method for valuating the inventories.’
discuss the statement with an hypothetical example.

Q:6 ‘Management Accounting is an extension of Financial Accounting .’ explain. discuss the functions of
Management Accounting also.

UNIT- IV
Q:7 What do you mean by Marginal Costing ? explain in brief its application in managerial decision
making.


Q:8 (a)Distinguish ranging from Fixed and Flexible Budget

(b) Standard Price
ActualPrice Rs. 10 per kg.
ActualQuantity 400 kg. Rs. 12 per kg.
Standard volume 500 kg.
compute Material Cost variance, Material Price variance and Material Usage variance.

Earning:   Approval pending.