Accounting for Managers Test
VEL TECH DR.RR & DR.SR TECHNICAL UNIVERSITY
DEPARTMENT OF MANAGEMENT STUDIES
P1BAA03 ACCOUNTING FOR MANAGERS
Time: 3 Hrs Maximum: 100 marks
PART-A (10 x 2 marks = 20 marks)
Answer ANY TEN Questions. Each question carries 2 marks
1. Define Accounting.
2. Explain accounting cycle.
3. What are current assets?
4. What is net working capital?
5. What Trial Balance?
6. State any two advantages of fund flow statement.
7. Define costing?
8. Write a note on overhead.
9. Bring out any two differences between job costing and process costing
10. What is angle of incidence?
11. Explain CVP Analysis
12. Define Marginal costing
13. What is making or buy decision?
14. What is Zero base budgeting?
15. Define budgetary control.
PART – B (5 x 6 marks = 30 marks)
(Answer ALL questions. Each question carries 6 marks. Answer must not exceed one page)
16. Explain the following a). Arithmetical accuracy b) Ledger
17. Explain the classification of Ratios
18. From the following information compute the Balance Sheet
Total Assets/Net worth =3.5
Sales to fixed Assets =6
Sales to current Assets =8
Sales to inventory =15
Sales to Debtors =18
Current Ratio =2.5
Annual Sales = Rs.25,00,000
19. Discuss the Break Even Analysis
20. State the objectives of budgeting.
PART – C (5 x 10 marks = 50 marks)
(Answer ALL questions. Each question carries 10 marks. Answer must not exceed Three pages)
21. a) From the following trial balance of Evergreen Co ,prepare Trading and Profit and Loss account and balance Sheet.
Particulars Debit (rs) Credit (rs)
Cash in hand 2,400
Purchases 2,40,000
Stock on 1st January 2005 70,000
Debtors 1,00,000
Plant and Machinery 1,20,000
Furniture 30,000
Bills Receivable 40,000
Rent and Taxes
DEPARTMENT OF MANAGEMENT STUDIES
P1BAA03 ACCOUNTING FOR MANAGERS
Time: 3 Hrs Maximum: 100 marks
PART-A (10 x 2 marks = 20 marks)
Answer ANY TEN Questions. Each question carries 2 marks
1. Define Accounting.
2. Explain accounting cycle.
3. What are current assets?
4. What is net working capital?
5. What Trial Balance?
6. State any two advantages of fund flow statement.
7. Define costing?
8. Write a note on overhead.
9. Bring out any two differences between job costing and process costing
10. What is angle of incidence?
11. Explain CVP Analysis
12. Define Marginal costing
13. What is making or buy decision?
14. What is Zero base budgeting?
15. Define budgetary control.
PART – B (5 x 6 marks = 30 marks)
(Answer ALL questions. Each question carries 6 marks. Answer must not exceed one page)
16. Explain the following a). Arithmetical accuracy b) Ledger
17. Explain the classification of Ratios
18. From the following information compute the Balance Sheet
Total Assets/Net worth =3.5
Sales to fixed Assets =6
Sales to current Assets =8
Sales to inventory =15
Sales to Debtors =18
Current Ratio =2.5
Annual Sales = Rs.25,00,000
19. Discuss the Break Even Analysis
20. State the objectives of budgeting.
PART – C (5 x 10 marks = 50 marks)
(Answer ALL questions. Each question carries 10 marks. Answer must not exceed Three pages)
21. a) From the following trial balance of Evergreen Co ,prepare Trading and Profit and Loss account and balance Sheet.
Particulars Debit (rs) Credit (rs)
Cash in hand 2,400
Purchases 2,40,000
Stock on 1st January 2005 70,000
Debtors 1,00,000
Plant and Machinery 1,20,000
Furniture 30,000
Bills Receivable 40,000
Rent and Taxes