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Financial and Management Accounting

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Course Name        MBA (Master of Business Administration)

Subject Code       MB0025 (Financial and Management Accounting )

Get Questions        PART - A    PART - B    PART - C

Subject : Financial and Management Accounting

     MB0025 : PART - C    

Q. 1	From the following details calculate fund from operations: Rs. Opening balance of Profit & Loss A/c 25,000 Salaries 5,000 Discount on issue of debentures 2,000 Rent 3,000 Provision for bad debts 1,000 Transfer to G. Reserve 1,000 Refund of Tax 3,000 Profit on sale of building 5,000 Depreciation on plant 5,000 Preliminary exp. written-off 2,000 Goodwill written-off 3,000 Loss on sale of plant 2,000 Provision for tax 4,000 Dividend received 5,000 Closing balance of Profit & Loss A/c 60,000 Proposed Dividend 6,000
	A)	35,000
	B)	48,000
	C)	61,000
	D)	86,000
Q. 2	The following groups of materials are considered as direct materials: 1. Materials specifically purchased for particular job, process or product 2. Materials supplied from the stores for production 3. Components or parts purchased or supplied from the stores 4. Material transferred from one process to another 5. Primary packing materials
	A)	1, 2, 3 and 4
	B)	2, 3, 4 and 5
	C)	1, 2, 3 and 5
	D)	All of the above
Q. 3	A company produces 50,000 units if an article and sells them at Rs. 20 each. The marginal cost per unit is 60% of the selling price and total fixed cost is Rs. 2,00,000. Calculate B. E. P. and Margin of Safety
	A)	5,00,000, 10,00,000
	B)	10,00,000, 5,00,000
	C)	5,00,000, 5,00,000
	D)	10,00,000, 10,00,000
Q. 4	The functions of Management Accounting are: 1. Formulating a business plan 2. Fixing of the responsibility at various levels in the implementation of the plan 3. Organizing which comprises arranging the scarce resources of the enterprise in a manner designed to achieve the goals of the plan 4. Controlling performance which means checking actual results with planned results and instituting corrective action in case of deviation from planned results
	A)	1, 2 and 4
	B)	2, 3 and 4
	C)	1, 2 and 3
	D)	All of the above
Q. 5	The advantages of Ratio Analysis are: 1. To help to understand the changes in assets and asset sources which are not readily evident in the income statement or financial statement 2. It helps the management of business concern in evaluating its financial position and efficiency of performance 3. It serves as a sort of health test of a business firm, because with the help of this analysis financial managers can determine whether the firm is financially healthy or not 4. It helps in making financial estimates for the future (i.e., in financial forecasting) 5. It helps the task of managerial control to a great extent 6. It helps the credit suppliers and investors in evaluating a business firm as a desirable debtor or as potential investment outlet 7. It serves as an instrument for testing management efficiency
	A)	1, 2, 3, 5, 6 and 7
	B)	2, 3, 4, 5, 6 and 7
	C)	1, 2, 3, 4, 5 and 6
	D)	All of the above

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