[2] MMPC-004

1. From the following figures extracted from the

No. of Printed Pages : 7 MMPC-004
books of M/s. Silent and Humming Ltd. you are

required to prepare :
MASTER OF BUSINESS

ADMINISTRATION/MASTER OF
(i) Trading A/c

o m
BUSINESS ADMINISTRATION
u .c
(ii) Profit & Loss A/c for the year ended

(BANKING/FINANCE) (MBA/MBF)
u r
31/3/2021

nt G(iii) Balance Sheet as on 31/3/2021

Term-End Examination
e Incorporate the effect of adjustments in these

December, 2021
n m financial statements which are given :

MMPC-004 : ACCOUNTING FOR MANAGERS

s i g Amount

s
Particulars
(`)

Time : 3 Hours

U A
Maximum Marks : 100 Capital 4,57,600

N O(Weightage 70%)
Drawings 26,400

I G
Note : (i) Attempt any five questions.
Plant and Machinery

Freehold property
1,98,000

1,32,000

Purchases 2,20,000
(ii) All questions carry equal marks. Return outwards 2,200

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

Salaries 26,400 Freight 19,800

Office expenses 5,500 Loose tools 44,000

Office furniture 11,000 Factory lighting 2,200

Discount given 2,640

o m
Provision for doubtful bebts 1,760

.c
Sundry debtors 58,520 Interest on loan to Alice 2,200

Loan to Alice @ 10% per annum

Balance on 1/4/2020
88,000

u ru
Cash in hand 5,280

G
Adjustments :
Cash at bank 58,520

nt (i) Stock on 31-3-2021 was ` 1,45,200.

Bills Payable 11,000

e (ii) A new machine was installed during the

Sales 4,62,880

n m year costing ` 30,800, but it was not

Stock as on 1/4/2020 77,000

s i g recorded in the books as no payment was

Wages

A s
70,400 made for the same. Wages of ` 2,200 paid

U
Sundry creditors 88,000 for its erection have been debited to wages
Internet charges

NO 3,080
account.
Insurance

Gas and Fuel I G 3,520

5,940
(iii) Depreciate plant and machinery by 33 %,

furniture by 10% and freehold property by

Bad debts 1,320
5%.
Office rent 5,720
 [5] MMPC-004 [6] MMPC-004

(iv) Loose tools were valued at ` 3,520 on 4. What is Cost-Volume-Profit (CVP) analysis ?

31-3-2021. Explain the interplay of various factors on

(v) Of the sundry debtors ` 1,320 are bad and profit. Discuss the application of profit graph

should be written off.

o m
and list the assumptions on which profit graph

u .c
analysis is carried.
(vi) Maintain a provisions of 5% on sundry

u r
5. What is a budget ? Briefly discuss the types of

G
debtors for doubtful debts.

nt budgets that would be prepared by a typical

2. Explain the basic structure of cash flow
e
m
business concern. Discuss the significance of
statement and describe the meaning of cash

and cash equivalents. Discuss in detail the type

i gn budgetary control in modern organisations and

of activities taken into

s
consideration
s
for
describe the control ratios used for this

preparation of cash flow statement.

U A purpose.

N O
3. What do you understand by absorption and
6. What is ‘Ratio Analysis’ ? Describe the various

marginal costing
I G
? Bring out the major

differences among them and discuss the utility

‘Profitability and Liquidity’ ratios. Explain the

significance of each of these ratios and discuss

and limitation of marginal costing. how these ratios are interpreted.

 [7] MMPC-004

7. Discuss the following :

(i) Altman’s Z scorce

(ii) DuPont analysis

o m
.c
8. Discuss the major developments that have led

to increasing focus on Human Resource

r u
function accountability. Explain the cost based

Gu
methods of Human Resource Accounting.
nt
e
n m
s i g
A s
O U
G N
I
MMPC–004
 No. of Printed Pages : 4 MMPC-004

om
MASTER OF BUSINESS ADMINISTRATION /
MASTER OF BUSINESS ADMINISTRATION

.c
(BANKING AND FINANCE) (MBA/MBF)

ru
Term-End Examination

June, 2022

u
tG
MMPC-004 : ACCOUNTING FOR MANAGERS
en
Time : 3 hours Maximum Marks : 100
m
(Weightage : 70%)
ign

Note : Attempt any five questions. All questions carry

equal marks.
ss

1. From the following balances taken from the

ledger of M/s Fort & Palace Ltd. on 31st March,
UA

2021, prepare :
(a) Trading Account
NO

(b) Profit and Loss Account for the year ended

31st March, 2021
(c) Balance Sheet as on 31st March, 2021
IG

MMPC-004 1 P.T.O.
 Amount Amount
Particulars Particulars
< <

om
Sundry creditors 57,000 Bad debts 300
Building 45,000 Loan from X 7,500

Income tax 3,075 Sundry debtors 28,500

.c
Loose tools 3,000 Investments 19,500

ru
Cash at bank 48,600 Provision for bad debts 4,800

Sundry expenses 5,970 Rent and Rates 2,550

u
Interest received 225 Furniture 9,000

tG
Purchases 4,71,000 Stock (01.04.2020) 82,050
Wages 30,000
en Capital 1,42,170

Carriage inwards 3,360 Discount allowed 1,890

Sales 5,55,000 Dividends received 1,605
m
Motor van 37,500 Drawings 6,000
Cash in hand 1,005 Bills payable 30,000
ign

Adjustments to be taken into account :

ss

(i) Write off further < 900 as bad debt out of

sundry debtors and create a provision for
UA

bad debts at 20% of debtors.

(ii) Dividend accrued and due on investment is
< 405. Rates paid in advance is < 300 and
NO

outstanding wages is < 1,350.

(iii) On 31.03.2021, stock was valued at

< 45,000 and loose tools were valued at
IG

< 2,400.

MMPC-004 2
 (iv) Write off 5% for depreciation on building
and 40% on motor van.

om
(v) Provide for interest at 12% p.a. on loan
taken on 01.06.2020.
(vi) Income tax paid is to be treated as

.c
drawings.

ru
2. Describe the activities taken into consideration

u
for preparation of cash flow statement. Discuss
the direct and indirect method of preparation of

tG
cash flow statement and highlight the main
differences among them.
en
3. What are the elements of cost ? How is the total
cost calculated taking into consideration prime
m
cost, factory cost and office cost ? Discuss the
classification of costs based on the variable
ign

nature of cost.

4. What is ‘Activity-Based Costing’ ? Explain its

ss

main features, objectives, merits and demerits.

Describe the process for implementation of
UA

activity-based costing.

5. Describe the drawbacks of traditional budgeting

NO

techniques. Also explain the concepts of

‘Performance Budgeting’ and ‘Zero Base
Budgeting’. Discuss the application of these
IG

techniques.

MMPC-004 3 P.T.O.
 6. What is Variance ? How are the following
variances calculated ?

om
(a) Direct Labour Rate Variance
(b) Direct Labour Efficiency (Time) Variance

.c
(c) Direct Material Price Variance
(d) Direct Material Usage Variance

ru
Discuss the possible causes for each of these
variances.

u
tG
7. What is an ‘Annual Report’ ? Briefly discuss the
various contents of Annual Report and describe
en
the significance of the information contained in
each part of the Annual Report.
m
8. Explain the concept of ‘Fraud Triangle’ and
discuss the application of forensic accounting.
ign
ss
UA
NO
IG

MMPC-004 4
 No. of Printed Pages : 4 MMPC-004

om
MASTER OF BUSINESS
ADMINISTRATION (MBA/MBF)

u.c
Term-End Examination
December, 2022

ur
MMPC–004 : ACCOUNTING FOR MANAGERS

tG
Time : 3 Hours en Maximum Marks : 100
Weightage : 70%
Note : Answer any five questions. All questions
m
carry equal marks.
ign

1. From the following balances, prepare Trading

A/c and Profit & Loss A/c and Balance Sheet of
ss

M/s. Calcutta Trading for the year ending 31st

March, 2022 :
UA

Debit ` Credit `
Purchase 36,000 Capital 60,000
NO

Sundry Debtors 30,000 Bills Payable 30,000

Sales Expenses 1,400 Sundry Creditors 20,000
IG

Insurance 1,200 Loans 20,000

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

Cash in hand 5,000 Return Outward 2,000

om
Cash at Bank 14,000 Sales 60,000
Machinery 20,000
Building 32,000

u.c
Investment 16,000
Bills Receivable 6,000

ur
Wages 10,000
Carriage on

tG
Purchases 2,000
en
Rent and Rates 600
Opening Stock 14,000
m
Discount given 600
Bad Debts 1,000
ign

Salaries 2,200
1,92,000 1,92,000
ss

Make the following adjustments :

UA

(a) Closing Stock ` 16,000

(b) Interest on Capital @ 5% per annum

NO

(c) Charge Depreciation @ 10% on Machinery

and 5% on Building
IG

(d) Outstanding Salary ` 400

 [3] MMPC-004

(e) Prepaid Insurance ` 100

om
(f) Create reserve of 5% on sundry debtors for
bad and doubtful debts

u.c
2. How are the business activities classified for
the purpose of cash flow classification ? Explain
the indirect method of prepration of cash flow

ur
statement.

tG
3. What do you understand by cost ? Explain the
classification of costs based upon the variability
en
of operations.
m
4. What is Activity Based Costing (ABC) ? Discuss
the merits and demerits of this system of
ign

costing. Explain the application process of this

system of costing.
ss

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

Explain the concept of Profit Graph and discuss
UA

the assumptions on which construction of profit

graph is based.
NO

6. What is a budget ? Discuss the concept of

budgetary control and explain the process of
IG

installing a budgetary control system.

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

7. What is an Annual Report of a company ?

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

u.c
8. What is Human Resource Accounting ? Discuss
the major developments that have led to an

ur
increasing focus on HR accountability.

tG
en
m
ign
ss
UA
NO
IG

MMPC–004
 No. of Printed Pages : 4 MMPC-004

om
MASTER OF BUSINESS

u.c
ADMINISTRATION (MBA/MBF)

Term-End Examination

ur
June, 2023

tG
MMPC-004 : ACCOUNTING FOR MANAGERS
en
Time : 3 Hours Maximum Marks : 100
m

(Weightage 70%)
ign

Note : (i) Attempt any five questions.

ss

(ii) All questions carry equal marks.

UA

1. From the following Trial Balance of M/s.

NO

Bombay Trading, prepare a Trading and Profit

& Loss A/c for the year ending 31st March,

IG

2022 and also Balance Sheet as on that date :

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

Dr. Cr.

om
Particulars Amount Amount
(`) (`)
Capital 1,80,000

u.c
Drawings 13,000
Land and Building 52,000

ur
Plant and Machinery 28,000
Furniture and Fixtures 3,000

tG
Carriage on purchases 8,500
Wages 43,000
en
Salaries 9,400
m
Bad debts reserves as on
1-4-2021 5,000
ign

Sales 1,90,000
Sales return 3,600
ss

Bank charges 3,000

Taxes 1,700
UA

Discount received 240

Purchase 80,000
NO

Bills Receivable 3,000

Debtors 75,600
IG

Creditors 24,500
 [3] MMPC-004

Stock (1-4-2021) 50,000

om
Cash in hand 28,000
Bank loan 2,060
Total 4,01,800 4,01,800

u.c
Make the following adjustments :

(i) Closing stock on 31-3-2022 ` 16,000.

ur
(ii) Provide 10% depreciation on all fixed

tG
assets.

(iii) Increase bad debts reserve to ` 8,000.

en
(iv) Outstanding salaries ` 600.
m
(v) Prepaid taxes ` 100.

2. What do you understand by cash and cash

ign

equivalents ? Explain the basic structure of

Cash Flow Statement and explain the Direct
ss

Method of preparation of Cash Flow Statement.

UA

3. Explain the concept of Absorption costing and

Marginal costing. Discuss the differences
NO

between these two techniques and explain how

marginal costing is an improvement over
absorption costing. Also discuss the utility and
IG

limitation of marginal costing.

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

4. Write short notes on the following :

om
(i) Margin of Safety
(ii) CVP Analysis
(iii) Performance Budgeting

u.c
(iv) Current Liabilities

5. What do you understand by budgeting ? Briefly

ur
explain the various types of budgets. Discuss

tG
the significance of budgetary control.

6. What is Variance ? Why is variance computed

en
and how can it be controlled ? Explain the
process for calculation of Direct Material Cost
m

Variance (DMCV) and list some possible

reasons for Direct Material Price Variance and
ign

Direct Material Usage Variance.

7. Discuss the importance and significance of

ss

information contained in Notes to the Annual

Accounts as given in the Annual Report of the
UA

company.

8. What is Forensic Accounting ? Explain the

NO

concept of Fraud Triangle and discuss the

application of Forensic Accounting.
IG

MMPC–004 11,830