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    Management Accounting

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    Management Accounting

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    saascplacement41
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    MANAGEMENT ACCOUNTING

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    6 views3 pages

    Management Accounting

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    saascplacement41

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    © All Rights Reserved
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    of 3

    SYED AMMAL ARTS AND SCIENCE COLLEGE

    Ramanathapuram-623513
    Affiliated to Alagappa University, Karaikudi
    NAAC Accredited with B Grade and recognized by UGC under section 2(f)
    III BBA
    MANAGEMENT ACCOUNTING
    ACCADEMIC YEAR : 2023 - 2024 DATE : 02.08.2023
    SUBJECT CODE : 7BBA5C2 SEMESTER : V
    TIME : 2 hrs MAXIMUM MARKS : 45

    PART-A
    Answer all questions 5x2=10
    1. What is management Accounting?
    2. What is Ratio?
    3. What is fund flow statement?
    4. What is cash flow statement?
    5. What is Labour variance?
    PART-B
    Answer all the questions 3x5=15
    6. a) cash sales during the year 1,50,000
    Credit sales during the year 2,70,000
    Returns inwards 20,000
    Trade debtors in the beginning 50,000
    Bills receivable in the beginning 5,000
    Trade debtors at the end 42,000
    Bills receivable at the end 3,000
    Provisions for bad and doubtful 5,000
    Calculate: a) Debtors Turnover Ratio b) Average collection period (OR)
    b) Explain difference DU PONT CHART of profitability.
    7. a) What are the limitations of uses of fund flow statement?
    (OR )
    b) Explain the difference between cash flow statement and fund flow statement.
    8. a) From the following P&L account compute the funds from operation.

    To salaries 13,000 By gross profit 2,00,000


    To rent 3,000 By profit on sale of
    To provision of depreciation 14,000 machinery 5,000
    To transfer to reserve 20,000 By refund of tax 5,000
    To provision for tax 10,000
    To losses on sale of
    investment 5,000
    To preliminary exp
    To selling exp 20,000
    To net profit 1,20,000

    2,10,000 2,10,000
    (OR)
    b) A company made a net profit of Rs.1,00,000 for the year ended 31st
    Dec 2004 after adjusting the following transations.

    Loss on sale of machinery 10,000


    Depreciation on building 4,000
    Depreciation on machinery 5,000
    Preliminary exp written off 5,000
    Provision for taxation 10,000
    Goodwill written off 5,000
    Gain on sale of building 8000

    Find out cash from operation.

    PART-C
    ANSWER ANY TWO QUESTIONS (2x10=20)
    9.
    LIABILITY 2004 2005 ASSETS 2004 2005
    Rs. Rs. Rs. Rs.
    Share capital 1,00,000 1,50,000 Land and building 100,000 90,000
    General reserve 50,000 60,000 Machinery 1,00,000 1,19,000
    Profit and loss a/c 30,500 30,000 Stock 50,000 24,000
    Bank loan 70,000 - Debtors 75,000 63,200
    Creditors 50,000 37,200 Cash 2,500 16,000
    Provision for tax 32,000 35,000 Goodwill 5,000 -

    3,32,500 3,12,200 3,32,500 3,12,200

    During the year ended 31st December 2005


    a)Dividend paid Rs.23,000
    b)Depreciation written off:
    Machinery-Rs.14,000
    Building –Rs.10,000
    c) Income Tax paid Rs.28,000
    prepare the following statement
    (i)Statement of changes in working capital
    (ii)Fund flow statement

    10. Prepare Balance sheet with as many detail as possible


    Current Ratio 1.75
    Liquid Ratio 1.25
    Stock Turnover Ratio(closing stock) 9 Times
    Gross profit Ratio 25%
    Average collection period 1 ½ month
    General Reserve to share capital 0.20
    Cost of good sold to fixed Assets 1.2
    Capital Gearing Ratio 0.6
    Fixed assets to net worth 1.25
    Sales Rs.12,00,000

    11. The Balance sheet as on 1.1.2004 and 31.12.2004 were as follows


    Liabilities 2004 2005 Assets 2004 2005
    Rs. Rs. Rs. Rs.
    Creditors 40,000 44,000 Cash 10,000 7,000
    Rajan’s loan 25,000 - Debtors 30,000 50,000
    Bank loan 40,000 50,000 Stock 35,000 25,000
    Share capital 1,25,000 1,53,000 Machinery 80,000 55,000
    Land 40,000 50,000
    Building 35,000 60,000

    2,30,000 2,47,000 2,30,000 2,47,000

    During the year a machine costing Rs.10,000 with accumulated


    depreciation Rs.3,000 was sold for Rs.5,000
    The provision for depreciation against machinery as on 1.12004 was Rs.25,000
    and on 31.12.2004 Rs.40,000. Net profit for the year amounted to Rs.45,000
    Prepare the cash flow statement

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