Tamil Nadu Open University (TNOU) 2009-1st Year B.B.A .>>keting Management FINANCIAL AND MANAGEMENT>>E, .>> - Question Paper

B.B.A. DEGREE exam –
JUNE, 2009.
First Year
Marketing Management
FINANCIAL AND MANAGEMENT
ACCOUNTING
Time : three hours Maximum marks : 75
part A — (3 ´ five = 15 marks)
ans any 3 ques..
All ques. carry equal marks.
1. elaborate the advantages of Double Entry System?
2. What is Trial Balance? elaborate its uses?
3. Write the differences ranging from Funds Flow
Statement and Cash Flow Statement.
4. Journalise the subsequent transactions :
2009 Rs.
April one Started business with cash 70,000
three Bought goods for cash 40,000
four Sold goods to Ramesh on credit 60,000
six Bought 1 computer for 16,000
10 Withdrew cash from business
for private use 2,000
5. compute Stock Turnover Ratio from the subsequent
particulars :
Opening Stock Rs. 58,000
Closing Stock Rs. 62,000
Sales Rs. 6,00,000
Gross Profit 25% on cost.

part B — (4 ´ 15 = 60 marks)
ans any 4 ques..
All ques. carry equal marks.
6. From the subsequent Trial Balance, prepare Trading
and profit and loss account for the year ended 31.3.2008
and a balance sheet on that date :
Trial Balance
Debit Rs. Credit Rs.
Buildings 15,000 Cash 1,00,000
Drawings 18,000 Loan 15,000

Debit Rs. Credit Rs.
Furniture 7,500 Sales 1,00,000
Motor Van 25,000 Commission 7,500
Interest paid on loan 900 Creditors 10,000
Purchases 75,000
Opening Stock 25,000
Salary 15,000
Wages 2,000
Insurance 1,000
Debtors 28,100
Bank 20,000
2,32,500 2,32,500
Adjustments :
(a) Stock on 31.3.2008 was Rs. 32,000.
(b) Outstanding wages Rs. 500.
(c) Charge depreciation on Motor Van at 10%.
7. compute Funds from Operations of X Ltd. from the
subsequent :
Profit and Loss Account
Rs. Rs.
To Salaries 12,000 By Gross profit 2,00,000
To Discount
Allowed 1,000
By Profit in sale of
machines 5,000
To Provision for
Depreciation 14,000
By Dividend
received 2,000
To Transfer to
General Reserve 20,000
By Refund of Tax 3,000
To Loss on sale of
Investments 5,000
To Rent 3,000
To Provision for tax 10,000
To Discount on problem
of debenture
2,000
To Preliminary
expenses 3,000
To Selling expenses 20,000
To Net profit 1,20,000
2,10,000 2,10,000

9. From the subsequent details, compute :
(a) Sales.
(b) Closing Stock.
(c) Sundry debtors and
(d) Sundry Creditors.
Gross Profit Ratio = 15%
Stock velocity = six months
Debtors velocity = three months
Creditors Velocity = three months.
Gross profit for the year
amounted to = Rs. 60,000.
Closing Stock is equal to opening stock.
10. Write short notes on :
(a) fault of Commission.
(b) Break Even Point.
(c) Going concern concept.
11. describe Management Accounting and discuss its scope and objectives.
12. discuss any 5 functional budgets.
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Earning:   Approval pending.