Kerala University 2001 M.B.A First semester s - Question Paper
FIRST SEMESTER M.BjV. (FULL-TIME AND PART-TIME) EXAMINATION, NOVEMBER 2001
FINANCIAL AND COST ACCOUNTING
(1996 Scheme)
[Common for Full-time and Part-time]
Time : Three Hours Maximum ; 100 Marks
Section A
Answer all questions.
1. Mention tu>o basic classification of equities in Balance Sheet.
2. What is Accrual Accounting* ?
3. What are secondary books of accounts ?
4. Define Market test ratios.
5. What is the purpose of suspense account ?
6. What is margin a] costing ?
7. Define Job costing.
S. Mention the uses of budgeting.
9. Mention the objectives of funds flow statement.
10. What is materiality concept" in accounting ?
(10 x 3 = 30 marks)
Section B
11. Rohan Ltd. has gathered the following information for the current year --
Selling pricertmit Rs. 180 Prime cost/unit Ra. 100
Variable overheadaftinit Rs. 15 Sales (in units) 20,000
In the forthcoming year, it is estimated that the variable cost would increase by 10 % while the fixed costs are also expected to go up by 10 %. If there is no plan to increase or decrease selling price, what would be approximately the required percentage increase in units sold to earn the same profit as in the current year ?
Or
The effect of price reduction is always to reduce P/V ratio, to raise break-even point and to shorten the margin of safety. Explain and illustrate by numerical example.
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