Maharashi Dayanand University (MDU) 2007 M.B.A Business Administration Accounting for Managers - exam paper

Unit-I

Q:1Discuss the nature, functions and significance of accounting.
Q:2(a)What is Profit and Loss Account? How does it differ from trading a/c.

(b)Mention any 3 important adjustments that are made for the preparation of Trading and
Profit & Loss Account.

Unit-II
Q:3What is Fund Statement? discuss the various sources and applications of fund, with suitable ]illustrations.

Q:4Given the subsequent information, work out debt equity ratio:

Rs. Rs.
Equity Share Capital 6,00,000 13% Convertible Debentures 5,00,000
Preference Share Capital 2,00,000 10 year Loan from IDBI 3,00,000
General Reserve 2,00,000 Creditors 1,00,000
Profit & Loan Account Provision for Tax 2,00,000
Balance 4,00,000
Profit for the year 2,00,000 6,00,000 Bank Overdraft 1,00,000

Unit-III
Q:5 “Management Accounting is the presentation of accounting info in such a way as to assist the management in the creation of policy and in the day to day operation of the undertaking.” Elucidate the above statement giving a suitable illustration.

Q:6 Distinguish ranging from Management Accounting and Cost Accounting. discuss different classification of
cost in brief.

Unit-IV

Q:7 What is meant by Budgetary Control ? explain the essentials of a good budgetary control system.

Q:8 The standard cost card reveals the subsequent information:

Labour Rate Rs. one / hour
Hours set per unit for production 10 hours
true data are provided below:

Units produced 500
Hours worked 6,000
true Labour cost 4,800

compute Labour variances.

Earning:   Approval pending.