Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A Finance FA - Financial Accounting and Management - Question Paper

22. (A) 23. (C) 24. (A)
25. (D) 26. (B) 27. a, 2; b,1; c,4; d,3
28. (B) 29. (C) 30. (B)
31. (A) 32. (A) 33. (B)
34. (A) 35. (D) 36. (A)
37. (A) 39. (A) 40. (C)
41. (B) 42. (B) 43. (A)
44. (A) 45. (A) 46. (A)
47. A,1; B,2; C,4; D,3 48. (C) 49. (B)
50. (B) 51. (C) 52. (D)
53. (A) 54. (A) 55. (A)



UNSOLVED ques.

Theory ques.

1. State whether the subsequent accounts are Real, Personal or Nominal:
a. Capital Account
b. Stock Account
c. Cash Account
d. Goods Account
e. Interest Account
f. Discount Account
g. Loss by Fire Account
h. Printing and Stationery Account
i. Bank of India Account
j. Mr. Raghunathan’s Account
k. ABC Partnership Firm Account
l. Building Account

2. ‘Business has indefinite life’ discuss this in the light of Going Concern Concept.

3. What are Accounting Conventions? discuss them in brief.

4. What is Journal?

5. What do you mean by ‘narration’ in a journal? Is it necessary?

6. What is ledger? What is its importance?

7. Hoe does Management Accounting differ from Financial Accounting?

OBJECTIVE QUESTIONS:

1. Fill in the blanks with suitable words:
a. An account is always divided into______ sides.
b. The left hand side of the account is called_______ side.
c. Cash Account indicates the receipts and _______ in cash.
d. The accounts of properties and assets are called the ________accounts.
e. ________ accounts are those of people.
f. Sales Tax Account is a ______ account.
g. Manufacturing wages Account is a _______ Account.
h. Dividend Received Account is a ________ Account.
i. Audit Fees Account is a _________ Account.
j. Bombay University Account is a _________ Account.
k. Live Stock Account is neither a ________ Account nor a ______Account.
l. Investment Account is a _________ Account.
m. Insurance Premium Account is a __________

2. State whether the subsequent statements are actual or false
a. The left hand side of an account is called the credit side.

Earning:   Approval pending.