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    Managerial Economics and Accountancy

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    This document outlines topics in managerial economics and accountancy. It includes definitions of key concepts like managerial economics, risk and uncertainty, law of demand, and equilibrium. It also discusses production functions, the difference between costs and revenues, fixed versus working capital, and the significance of capital budgeting. Finally, it provides accounting questions regarding trial balances, final accounts, and adjustments.

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    Managerial Economics and Accountancy

    Uploaded by

    Vk
    68 views2 pages
    This document outlines topics in managerial economics and accountancy. It includes definitions of key concepts like managerial economics, risk and uncertainty, law of demand, and equilibrium. It also discusses production functions, the difference between costs and revenues, fixed versus working capital, and the significance of capital budgeting. Finally, it provides accounting questions regarding trial balances, final accounts, and adjustments.

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    This document outlines topics in managerial economics and accountancy. It includes definitions of key concepts like managerial economics, risk and uncertainty, law of demand, and equilibrium. It also discusses production functions, the difference between costs and revenues, fixed versus working capital, and the significance of capital budgeting. Finally, it provides accounting questions regarding trial balances, final accounts, and adjustments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    68 views2 pages

    Managerial Economics and Accountancy

    Uploaded by

    Vk
    This document outlines topics in managerial economics and accountancy. It includes definitions of key concepts like managerial economics, risk and uncertainty, law of demand, and equilibrium. It also discusses production functions, the difference between costs and revenues, fixed versus working capital, and the significance of capital budgeting. Finally, it provides accounting questions regarding trial balances, final accounts, and adjustments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Subject: Managerial Economics And Accountancy

    PART-A

    1. Define Managerial Economics.


    2. Explain Risk and Uncertainity.
    3. Define Law of Demand.
    4. Explain the concept of Equilibrium.
    5. Explain the meaning of Production Function.
    6. Explain the difference between Cost & Revenue.
    7. Define fixed Capital vs Working capital.
    8. Explain the significance of Capital budgeting.
    9. Explain about the Double entry Book Keeping.
    10. Define Subsidiary book.

    PART-2

    1.(A) Explain Fundamental Concepts of Managerial Economics.

    (or)

    (B) What is Managerial Economics and explain its nature and scope.

    2.(A) Define Demand forecasting and explain its techniques.

    (or)

    (B) Discuss about Elasticity of Demand measurements and types.

    3.(A) Explain BEP analysis.

    (or)

    (B)Discuss about the Price output relationship under perfect compition.

    4.(A) Briefly write about Sources of Capital.

    (or)

    (B) Define Capital budgeting and Explain Payback method.

    5.(A) What is Accounting. Explain Accounting Concepts and conventions.

    (or)

    (B) Explain the Price Elasticity and income Elasicity.

    6. (A)Define market.Explain monopoly price output determination.

    (or)

    (B) Explain Iso quants and economics of scale.

    7.From the following trial balance prepare final accounts for the year 31-12-2021.

    Trial Balance
    particulars Dr. Cr.
    (Rs) (Rs)
    Opening stock 15,000
    Purchases 50,000
    Returns 1,500 2,000
    Wages 7,000
    Fuel and Power 5,200
    Carriage on sales 3,500
    Carriage inwards 2,400
    Cash in hand 1,000
    Cash at bank 6,250
    Buildings 1,10,000
    Sales 1,50,000
    Capital 1,45,000
    Rent 10,000
    Machinery 85,000
    Patents 7,500
    Salaries 15,000
    General expenses 3,400
    Insurance 6,500
    Drawings 10,000
    Sundry debtors 24,600
    Sundry creditors 22,500
    Bills Payable 18,850
    Bank overdraft 5,000
    3,53,850 3,53,850

    Justments:

    Closing stack value Rs.15,000

    Outstanding salaries Rs.2,000

    Prepaid insurance Rs.500

    Depreciate machinery at 10%

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