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    MMPC 004

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    Arqum Ilahi
    The document is an exam paper for the subject Accounting for Managers. It contains 8 questions related to accounting concepts. Question 1 asks students to prepare Trading, Profit and Loss account and Balance Sheet from given transaction details. Question 2 asks about cash flow classification and indirect method of cash flow statement preparation. Question 3 asks about the concept of cost and classification of costs based on variability. Question 4 asks about Activity Based Costing system, its merits, demerits and application process.

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    MMPC 004

    Uploaded by

    Arqum Ilahi
    31 views4 pages
    The document is an exam paper for the subject Accounting for Managers. It contains 8 questions related to accounting concepts. Question 1 asks students to prepare Trading, Profit and Loss account and Balance Sheet from given transaction details. Question 2 asks about cash flow classification and indirect method of cash flow statement preparation. Question 3 asks about the concept of cost and classification of costs based on variability. Question 4 asks about Activity Based Costing system, its merits, demerits and application process.

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    MMPC-004 (1)

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    The document is an exam paper for the subject Accounting for Managers. It contains 8 questions related to accounting concepts. Question 1 asks students to prepare Trading, Profit and Loss account and Balance Sheet from given transaction details. Question 2 asks about cash flow classification and indirect method of cash flow statement preparation. Question 3 asks about the concept of cost and classification of costs based on variability. Question 4 asks about Activity Based Costing system, its merits, demerits and application process.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views4 pages

    MMPC 004

    Uploaded by

    Arqum Ilahi
    The document is an exam paper for the subject Accounting for Managers. It contains 8 questions related to accounting concepts. Question 1 asks students to prepare Trading, Profit and Loss account and Balance Sheet from given transaction details. Question 2 asks about cash flow classification and indirect method of cash flow statement preparation. Question 3 asks about the concept of cost and classification of costs based on variability. Question 4 asks about Activity Based Costing system, its merits, demerits and application process.

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    © All Rights Reserved
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    Download as pdf or txt
    of 4

    No.

    of Printed Pages : 4 MMPC-004


    MASTER OF BUSINESS
    ADMINISTRATION (MBA/MBF)
    Term-End Examination
    December, 2022
    MMPC–004 : ACCOUNTING FOR MANAGERS

    Time : 3 Hours Maximum Marks : 100


    Weightage : 70%
    Note : Answer any five questions. All questions
    carry equal marks.

    1. From the following balances, prepare Trading


    A/c and Profit & Loss A/c and Balance Sheet of
    M/s. Calcutta Trading for the year ending 31st
    March, 2022 :

    Debit ` Credit `
    Purchase 36,000 Capital 60,000
    Sundry Debtors 30,000 Bills Payable 30,000
    Sales Expenses 1,400 Sundry Creditors 20,000
    Insurance 1,200 Loans 20,000

    P. T. O.
    [2] MMPC-004

    Cash in hand 5,000 Return Outward 2,000


    Cash at Bank 14,000 Sales 60,000
    Machinery 20,000
    Building 32,000
    Investment 16,000
    Bills Receivable 6,000
    Wages 10,000
    Carriage on
    Purchases 2,000
    Rent and Rates 600
    Opening Stock 14,000
    Discount given 600
    Bad Debts 1,000
    Salaries 2,200
    1,92,000 1,92,000

    Make the following adjustments :

    (a) Closing Stock ` 16,000

    (b) Interest on Capital @ 5% per annum

    (c) Charge Depreciation @ 10% on Machinery


    and 5% on Building

    (d) Outstanding Salary ` 400


    [3] MMPC-004

    (e) Prepaid Insurance ` 100

    (f) Create reserve of 5% on sundry debtors for


    bad and doubtful debts

    2. How are the business activities classified for


    the purpose of cash flow classification ? Explain
    the indirect method of prepration of cash flow
    statement.

    3. What do you understand by cost ? Explain the


    classification of costs based upon the variability
    of operations.

    4. What is Activity Based Costing (ABC) ? Discuss


    the merits and demerits of this system of
    costing. Explain the application process of this
    system of costing.

    5. What is Cost-Volume-Profit (CVP) Analysis ?


    Explain the concept of Profit Graph and discuss
    the assumptions on which construction of profit
    graph is based.

    6. What is a budget ? Discuss the concept of


    budgetary control and explain the process of
    installing a budgetary control system.

    P. T. O.
    [4] MMPC-004

    7. What is an Annual Report of a company ?


    Explain the various heads in which non-audited
    information is provided in annual report and
    discuss the significance of such information.

    8. What is Human Resource Accounting ? Discuss


    the major developments that have led to an
    increasing focus on HR accountability.

    MMPC–004

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