Scribd
Upload
33 views4 pages

Afm - QP

Uploaded by

kalaiselvan Velusamy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
33 views4 pages

Afm - QP

Uploaded by

kalaiselvan Velusamy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Section A (10X2=20)

Answer any Ten questions

1. What is Financial Accounting?


2. What is Dual Aspect concept?
3. What is Financial Statements?
4. What is Employee stock option?
5. X ltd was formed on 1.4.2012 to take over the business of Y ltd from 1.1.2012. The year
ended on 31/3/2012. Calculate the pre and post incorporation period.
6. List out three important Financial Ratios ?
7. What is Funds Flow Analysis?
8. What are Elements of costing?
9. What is process costing?
10. What is Activity based costing?
11. What is Standard costing?
12. Calculate Material cost variance from the following data.
Standard Actual
Quantity 400Kgs 460Kgs
Price Rs. 2 per Kg Rs. 1.5 Per
Kg

Section B (5X6=30)

Answer any FIVE questions

13.Compare Financial accounting with Management Accounting

14.- II unit theory

15. Problem in II unit

16 compare Funds flow analysis with cash flow analysis

17Calulate Fund From Operation

Profit and Loss Account

To Salary 28,000 By Gross Profit 1,50,000


To Rent 12,000 By Profit on Sale of Furniture 12. 000
To Printing 6000 By Interest on Investment 8 000
To Depreciation on Plant 25000
To Good Will Written Off 10,000
To Loss on Sales on Plant 5,000
To Provision For Tax 15000
To Proposed Dividend 14000
To Net profit 55000
1,70,000 1,70,000

18. Discuss various Manufacturing costs


19. An automobile Manufacturing Company Finds the cost of making a parts in its own
factory at Rs.6, The same Product is available in the market at Rs.5.60 with an assurance of
continuous supply. He cost data to make the parts are

Direct Material Rs.2

Direct Labour Rs.2.50

Other variable cost 0.50

Fixed cost 1.00

Rs.6

a)Should the Part be made or bought?


b) will your answer be different if the market price is Rs.4.60. show your calculations
Section C (4X10=40)

Question NO.20 is Compulsory

Answer any ONE from questions No:21 To 25

20.Expalin various Accounting concept and Conventions

21 problem in unit- I

22.Theory in unit II

23.. Prepare a balance sheet with as many details as possible from the following
information:

Gross profit ratio 20%


Debtors turnover 6 times
Fixed assets to net worth 0.80
Reserves to capital 0.50
Current ratio 2.50
Liquid ratio 1.50
Net working capital Rs. 3,00,000
Stock turnover ratio 6 times

24. A product passes through three processes X, Y, Z to its completion during


september2016,5,000 units of finished products were produced and the following expenses were
incurred;
Process X Process Y Process Z

Material 5000 10,000 5,000

Direct wages 25,000 20,000 15,000

Direct Expenses 2500 3000 5000

Indirect Expenses amount Rs. 30,000 which are to be apportioned to the processes on the
basis of direct wages. Raw materials worth Rs. 30,000 were issued to Process X . ignores
the question of Process stocks & Prepare the process accounts, showing cost per unit in
each process.

25.Explain the Objectives and Advantages of Budgetary control in Detail

You might also like