Important MBA (BU) Question
(CP-106) Accounting for Managers
I Sem, MBA (Regular, EX, ATKT)
Common for All Branches of MBA
Unit I
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Q.1 What is Accounting Equation? Explain with the help of appropriate examples? (BU 2024)
Q.2 Explain any four Concepts of Accountancy? (BU 2024)
Q.3 Explain Concept and Importance of Financial Accounting. (BU 2022)
Q.4 Explain the convention of consistency and Business Entity Concept. (BU 2022)
Q.5 Define Financial Accounting. Explain the features of accounting. (BU 2019)
Q.6 Explain the Golden rules of accounting. (BU 2019)
Q.7 Distinguish between Journal & Ledger. Explain the process of Journalizing and posting. (BU 2019)
Unit II
Q.1 Differentiate between Straight Line Method and written Down Value Method of Depreciation? (BU 2024)
Q.2 Is Trial Balance a conclusive proof of accuracy of accounts? Elucidate. (BU 2024)
Q.3 From the following balancing prepare by trading and profit and loss account balance sheet 31 march 2023. (BU 2024)
Q.4 “Every Debt has a corresponding credit” Explain the Statement. (BU 2022)
Q.5 Explain the difference between depreciation and depletion. (BU 2022)
Q.6 From the following balances draw up a trading and profit and loss A/c and Balance sheet in the books of Vivek on 31 March. (BU 2022)
2019:
Particulars Amount
Machinery 13,400
Cash Balance 1000
Fixtures and Fittings 5500
Bills Payable 7000
Creditors 40,000
Debtors 63,000
Bills receivable 5,000
Purchases 50,000
Sales 1,29,000
Return Inwords 1000
Return Outwords 1100
Salaries 9000
Wages 4000
Commission (Dr) 5500
Postage 1500
Discount (Cr) 4000
Rent (Dr) 2200
Bank over draft 5000
Opening stock 45,000
Vivek’s CapitaL 20,000
The closing stock on 31 march 2019 was Rs. 52,000.
Q.7 Explain in detail the Cost Reconciliation statement. Discuss its utility and draw the specimen with the help of imaginary figures. (BU 2022)
Q.8 Explain the detail process of preparation of Annual Accounts from Journal to Balance Sheet. (BU 2022)
Q.9 Explain the difference between depreciation, depletion and amortization. (BU 2019)
Q.10 Explain the various methods of charging depreciation. (BU 2019)
Q.11 From the following profit and loss account of Rajesh company Ltd. for the year ended 2017 and 2018. You are required to prepare a comparative income statement. (BU 2019)
Unit III
Q.1 What is Common Size statement? Explain with appropriate example? (BU 2024)
Q.2 From the following information calculate Inventory Turnover Ratio. (BU 2024)
Sales Rs. 8,00,000
Average Inventory = Rs. 40,000
Gross Profit Ratio = 20%
Q.3 What is Financial Analysis? Explain the various tools of financial Analysis? (BU 2024)
Q.4 Show the format of a Cash Flow Statement as per Accounting Standard -3 (Revised)? (BU 2024)
Additional Information:
(a) Closing Stocks Rs 80,000
(b) Create a Reserve for Bad Debts a 10% on Debtors
(c) Prepaid Insurance is Rs. 250
(d) Outstanding Rent is Rs. 680
(e) Interest a 10% is due on Loan from SBI.
Q.5 Write short notes on: (BU 2022)
(a) Operating Ratio
(b) Interest courage Ratio.
Q.6 Differentiate between the “Income Statement” and “Statement of Financial Position”. (BU 2022)
Q.7 Explain the different types of Assets and Liabilities. (BU 2019)
Q.8 What are the uses of financial statements? And who are the users of financial statements. (BU 2019)
Q.9 What are the meaning and limitations of Ratio Analysis? (BU 2019)
Unit IV
Q.1 Selling Price of a Product is Rs. 50/unit. Variable Cost is 60%. Total Fixed Cost is Rs. 40,000. Calculate Break Even Point in quantity and amount? (BU 2024)
Q.2 Solve the following: (BU 2024)
(a) Net Profit after tax is Rs. 1,00,000: 10% Long Term Debt in Rs. 10,00,000 and Tax Rate is 30% Calculate Interest Coverage Ratio?
(b) A company is working at 50% of Capacity. Its Semi-Variable overhead is Rs. 30,000 (60% Fixed and 40% Variable). (calculate the Semi-Variable (Overhead at 60% Capacity?
(c) Opening Stock of Raw Material is Rs. 20,000; Closing stock of Raw Material is Rs. 10,000; Purchases of Raw
Material is Rs. 1,00,000; Direct Labour is Rs. 50,000.
Calculate Prime Cost?
(d) Calculate Factory Cost using the following information:
(i) Prime Cost Rs. 30,00,000
(ii) Factory Overheads = Rs. 5,00,000
(iii) Opening WIP = Rs. 2,00,000
(iv) Closing WIP = Rs. 1,50,000.
Q.3 Explain the meanings and Needs of Management Accounting. (BU 2022)
Q.4 Explain the concept and Importance of Management accounting. (BU 2019)
Unit V
Q.1 Current Assets of a firm are Rs. 60,000 and the Current Ratio is 4:3. What will be the Working Capital of the firm? (BU 2024)
Q.2 Write short notes on: (BU 2022)
(a) Cash Budget
(b) Zero Base Budgeting.
Q.3 From the following data Calculate. (BU 2022)
(a) P/V Ratio
(b) Break even point
(c) Margin of Safety
Fixed Cost Rs. 20,000
Sales Rs. 1,00,000
Variable Cost Rs. 60,000
Q.4 Write a note on (BU 2019)
(a) Break-even point.
(b) Margin of Safety.
Q.5 Explain the Various methods of Inventory Valuation. (BU 2019)
Q.6 Explain the difference between Marginal Costing and Absorption costing. (BU 2019)
Extra Questions
Q.1 Write Short Notes on the following: (BU 2024)
(a) Ledger Accounting
(b) Budgetary Control
(c) Reconciliation between Cost and Financial Accounting
(d) Price Earning Ratio.
Q.2 Explain the difference between Management Accounting, Cost Accounting and Financial Accounting. (BU 2022)
— Best of Luck for Exam —
