Nalanda Open University 2010 M.Com Commerce Master of PART–I, –V (Accounting for Managerial isions) Annual , - Question Paper

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Master of Commerce PART–I, PAPER–V (Accounting for Managerial Decisions) Annual Examination, 2010

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Master of Commerce PART-i PAPER-V (Accounting for Managerial Decisions)

Amtunl Extntihmtion, 20/0 Full Marks : 80 Time*: 3 Hours

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Answer any Five Questions. All questions carry equal marks.

1. yifc|cnl7j crteaWioi 3>T 9?rfbT |

Describe the functions of a Management Accountant.

2. 3ft 41(1 cwt Rfhaiarf njRsm gftfvr i Define budget and explain its characteristics.

3. M*1IM OlMlfl eWT ⁷ 5f<T> 3>T yN |

What is Standard Costing ? Describe its main objectives.

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What is marginal Cost ? I low is it Computed ?

5. WT? TTT TTT <pWr siMVl aft aftfuTCJ |

Give a specimen of fund flow statement anil explain the sources and uses of funds.

6. ara1fel%cT 1 ^,<W'S aft ^,i^ui*ii Particulars	31.12.2008	31.12.2009
Delators	30,000	47,000
Bill Rec eivable	10,000	12,500
Creditors	20,000	25,000
Bills Pa\able	8,000	6,000
Outstanding Expenses	1,000	1,200
Prepaid Expenses	800	700
Accrued Income	600	750
Income receiv ed in advance or unaccrued income	300	250
Profit made during the vear	-	1,30,000

7. ABC &RT PlHlfad 5RH aft :-ABC Ltd. has provided the following Informations :-

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Sales 20,000 units @ Rs. 5 per unit, Variable Cost @ Rs. 3 per units, Fixed Costs Rs. 8,000 P.A., Calculate the P.V. ratio and aLso the break-even sales of the Company.

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From the following information Calculate :- Current Ratio, liquid Ratio, Creditors turnover ratio and Average Credit sales of Surva Ltd. and Chandra Ltd._

Credit to Debtors	Surva Ltd.	Chandra Ltd.
Credit to Debtors	3 Months	3 Months
Stock	8,00,000	1,00,000
Debtors	1,70,000	1,40,000
Cash	30,000	60,000
Trade Creditors	2,80,000	1,50,000
Bills Payable	20,000	10,000
Bank Overdraft	40,000	30,000
Creditors for Expeases (arff	60,000	10,000
Total Purchase	9,30,000	6,60,000
Cash Purchases	30.000	20.000

9. (a) aFlfa 3 qfajrfa f5<ai cfcJR aftfuTCJ I

Prepare a statement showing changes in Working Capital.

Particulars	200$ (Us.)	2009 (Rs.)
Assets:
Cash	60,000	94,000
Debtors	2,40,000	2,30,000
Stock	1,60,000	1,80,000
l.and	1,00,000	1,32,000
	5,60.(11)0	6,36,000
Capital <& Liabilities:
Share Capital	4,00,000	5,00,000
Creditors	1,40,000	90,000
Retrieved Earnings	20,000	46,000
	5,60,000	6,36,000

Prnfafod crw-sift mm % wrcB :-

Calculate funds from operations with the help of the following Profit & Loss A/c:

_Profit & Loss A/c_

Particulars	Rs.	Particulars	Rs.
To Expenses	1,50,000	Bv Gross Profit	2,25,000
" Depreciation	35,000	Bv Gain from sale of land	30,000
" Loss on sale of Machine	2,000
" Discount	100
" Goodwill	10,000
" Net Profit	57,900
	2,55,000		2,55,000