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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 )
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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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