Madras University Question Paper
Subject :MANAGEMENT ACCOUNTING AND
Subject Code :MWK
OCTOBER2011 U/ID 1374/MWK
Time : Three hours Maximum : 100 marks
SECTION A — (10 × 3 = 30 marks)
Answer ALL questions.
All questions carry equal marks.
1. What is Management Accounting?
2. State the Importance of Financial Statements.
3. Define Ratio Analysis.
4. What are the benefits of funds Flow Statement?
5. Mention the Advantages of Cash Flow Statement.
6. Define capital budgeting.
7. Write the Assumptions of B.E.A.
8. State any three merits of working capital.
9. What is MIS?
10. What do you understand by Information System?
SECTION B — (5 × 6 = 30 marks)
Answer any FIVE questions.
All questions carry equal marks.
11. What are the Nature of Management Accounting?
12. What are the functions of Financial Statement?
13. Explain the Features of MIS.
14. Difference between Funds Flow statement & Cash flow
Statement.
15. Calculate G.P. Ratio from the following data :
Rs.
Sales 10,00,000
Sales Returns 1,00,000
Opening Stock 2,00,000
Purchase 6,00,000
Purchase Returns 1,50,000
Closing Stock 65,000
16. Calculate B.E. Point from the following particulars :
Rs.
Fixed expenses 1,50,000
Variable cost p.a. 10
Selling price p.a. 15
17. A & B want to buy a business seek your advice about the
average working capital Requirements in the first years trading.
The following estimates are available and you are asked to add
10% for contingencies :
p.a.
Rs.
(a) Average amount Locked up in stocks :
Stock of F.G. & W.I.P. 5,000
Stock of stores & materials etc. 8,000
(b) Average credit given :
Local sales 2 weeks credit 78,000
Out side the state 6 weeks credit 3,12,000
(c) Time Available for payment :
For purchases 4 weeks 96,000
For wages 2 weeks 2,60,000
Calculate the average amount of working capital Required.
SECTION C — (2 × 20 = 40 marks)
Answer ALL questions.
All questions carry equal marks.
18. (a) Distinguish between Management Accounting & Cost
accounting.
(b) Prepare Cash Flow Statements from the Balance sheets on
31.12.2009 and 31.12.2010.
Liabilities 2009 2010 Assets 2009 2010
Rs. Rs. Rs. Rs.
Share Capital 70,000 74,000 Cash 9,000 7,800
Debentures 12,000 6,000 Debtors 14,900 17,700
Liabilities 2009 2010 Assets 2009 2010
Rs. Rs. Rs. Rs.
Reserve for Stock 49,200 42,700
Doubtful Debts 700 800 Land 20,000 30,000
Creditors 10,360 11,840 Good Will 10,000 5,000
P & L a/c 10,040 10,560
1,03,100 1,03,200 1,03,100 1,03,200
Other Information :
(i) Dividend paid total Rs.3,500
(ii) Land was purchased for Rs10,000
(iii) Amount provided for amortization of Goodwill of
Rs.5,000
(iv) Redemption of Debentures of Rs.6,000
19. (a) Discuss the Various Factors of Capital expenditure
Decisions.
Or
(b) From the following Information you are required to
(i) Calculate contribution per unit.
(ii) State which of the alternative sales mixes you would
Recommend to management. Why?
Other informations :
Selling Price : X – Rs. 500 per unit
Y – Rs. 400 per unit
Direct Materials X – Rs.160
Y – Rs.120
Direct Wages X – 24 hrs. @ Rs. 5.00 per hour per
unit
Y – 16 hrs. @ Rs. 5.00 per hour per
unit
Fixed Expenses Rs. 15,000
Variable overhead 150% of direct wages
Alternative Sales Mix
(1) 250 units of X and 250 units of Y
(2) Nil units of X and 400 units of Y
(3) 400 units of X and 100 units of Y.
——————————
Subject :MANAGEMENT ACCOUNTING AND
Subject Code :MWK
OCTOBER2011 U/ID 1374/MWK
Time : Three hours Maximum : 100 marks
SECTION A — (10 × 3 = 30 marks)
Answer ALL questions.
All questions carry equal marks.
1. What is Management Accounting?
2. State the Importance of Financial Statements.
3. Define Ratio Analysis.
4. What are the benefits of funds Flow Statement?
5. Mention the Advantages of Cash Flow Statement.
6. Define capital budgeting.
7. Write the Assumptions of B.E.A.
8. State any three merits of working capital.
9. What is MIS?
10. What do you understand by Information System?
SECTION B — (5 × 6 = 30 marks)
Answer any FIVE questions.
All questions carry equal marks.
11. What are the Nature of Management Accounting?
12. What are the functions of Financial Statement?
13. Explain the Features of MIS.
14. Difference between Funds Flow statement & Cash flow
Statement.
15. Calculate G.P. Ratio from the following data :
Rs.
Sales 10,00,000
Sales Returns 1,00,000
Opening Stock 2,00,000
Purchase 6,00,000
Purchase Returns 1,50,000
Closing Stock 65,000
16. Calculate B.E. Point from the following particulars :
Rs.
Fixed expenses 1,50,000
Variable cost p.a. 10
Selling price p.a. 15
17. A & B want to buy a business seek your advice about the
average working capital Requirements in the first years trading.
The following estimates are available and you are asked to add
10% for contingencies :
p.a.
Rs.
(a) Average amount Locked up in stocks :
Stock of F.G. & W.I.P. 5,000
Stock of stores & materials etc. 8,000
(b) Average credit given :
Local sales 2 weeks credit 78,000
Out side the state 6 weeks credit 3,12,000
(c) Time Available for payment :
For purchases 4 weeks 96,000
For wages 2 weeks 2,60,000
Calculate the average amount of working capital Required.
SECTION C — (2 × 20 = 40 marks)
Answer ALL questions.
All questions carry equal marks.
18. (a) Distinguish between Management Accounting & Cost
accounting.
(b) Prepare Cash Flow Statements from the Balance sheets on
31.12.2009 and 31.12.2010.
Liabilities 2009 2010 Assets 2009 2010
Rs. Rs. Rs. Rs.
Share Capital 70,000 74,000 Cash 9,000 7,800
Debentures 12,000 6,000 Debtors 14,900 17,700
Liabilities 2009 2010 Assets 2009 2010
Rs. Rs. Rs. Rs.
Reserve for Stock 49,200 42,700
Doubtful Debts 700 800 Land 20,000 30,000
Creditors 10,360 11,840 Good Will 10,000 5,000
P & L a/c 10,040 10,560
1,03,100 1,03,200 1,03,100 1,03,200
Other Information :
(i) Dividend paid total Rs.3,500
(ii) Land was purchased for Rs10,000
(iii) Amount provided for amortization of Goodwill of
Rs.5,000
(iv) Redemption of Debentures of Rs.6,000
19. (a) Discuss the Various Factors of Capital expenditure
Decisions.
Or
(b) From the following Information you are required to
(i) Calculate contribution per unit.
(ii) State which of the alternative sales mixes you would
Recommend to management. Why?
Other informations :
Selling Price : X – Rs. 500 per unit
Y – Rs. 400 per unit
Direct Materials X – Rs.160
Y – Rs.120
Direct Wages X – 24 hrs. @ Rs. 5.00 per hour per
unit
Y – 16 hrs. @ Rs. 5.00 per hour per
unit
Fixed Expenses Rs. 15,000
Variable overhead 150% of direct wages
Alternative Sales Mix
(1) 250 units of X and 250 units of Y
(2) Nil units of X and 400 units of Y
(3) 400 units of X and 100 units of Y.
——————————
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