Thursday, July 30, 2015

Anna University MBA BA9206 ACCOUNTING FOR MANAGEMENT 2015 Question Paper

Anna University Previous Years Question Papers
Question paper code: 40206
M.B.A. DEGREE EXAMINATION,APRIL/MAY-2013
First semester
Mechanical Engineering
BA 9206/BA916/UBA 9106 ACCOUNTING FOR MANAGEMENT
Regulation2009
Time- Three hour
Maximum mark-100
Answer all questions
PART A-10X2=20
1. What are the objectives of management accounting?
2. What is accrual concept?
3. How are losses prior to incorporation of a company treated?
4. What is buy back of shares?
5. What is inventory turnover radio?
6. What are the various application of funds?
7. What is value chain?
8. What are overhead variances?
9. What are the limitation of computerized accounting ?
10. What is codification of accounts?
PART B-5X16=80 MARKS
11. (a)What is meant by Human Resource Accounting? State it advantages and limitation.
(or)
(b)The following the Tamil balance of Agarwal as on 31st December ,2013
Particulars Dr Cr
Stock on 1-1-2013 80,000
Insurance 800
Purchases and sales 1,76,000 3,24,000
Rent and Rates 1,600
Wages 24,600
Outstanding wages 400
Debtors and creditors 41,000 52,000
Carriage inward 3,000
Returns 4,000 6,000
Discounts 1,200
Printing and stationery 2,400
Bills Receivable 6,000
Bank overdraft 14,400
Furniture 18,000
Cash at bank 9,600
Cash in hand 740
Interest received 6,000
Plant and machinery 1,40,000
General Expenses 1,200
Bad debts 1000
Provision for doubtful debts 1,050
Outstanding Rent and Rates 90
Capital 1,08,000

5,11,940 5,11,940
Adjustment :
(i)Stock :31-12-2013 Rs41,000
(ii)Insurance prepaid Rs.80
(iii)Depreciate plant and machinery @5% and furniture @10%
(iv)A provision @5% on debtors is require for doubtful debts prepare profit and loss count for the year ended 31st December 2013 and a balance sheet as on that date.
12.(a). What is need of alteration of share capital of a company? Explain the procedure for alteration of share capital of a company
(or)
(b)The madras company ltd .Was registered with an authorized capital of 30,00,000 in equity shares of Rs.10 each. The following balances extracted from its books as on 31-12-2013;
Rs Rs
Purchases 9,25,000 General expenses 84,175
Wages 4,24,000 Stock 1-1-2013 3,75,000
Manufacturing expenses 65,900Goodwill 1,00,000
Salaries 70,000 cash in hand 29,000
Bad debts 10,675 cash in bank 1,99,250
Director’s fees 31,000P&L a/c
Debenture interest paid 45,000(Cr.balance) 72,500
Preliminary expenses 25,000 6%Debentures 15,00,000
Calls-in-arrearers 37,000 sundry creditor 2,90,000
Plant and machinery 15,00,000 Bills payable 1,67,500
Premises 16,50,000 sales 20,75,000
Interim dividend paid 1,87,500 General Reserve 1,25,000
Furniture and fixture 35,000 sinking fund investment 50,000
Sundry debtors 4,36,000Subscribed and fully paid
up capital 20,00,000
You are require to prepare trading and profit and loss account for the year ended 31st December 2013 and the balance sheet as on that date after making the following adjustment;
(i)Value of stock on 31-12-2013 Rs.4,55,000
(ii)Depreciate plant and machinery by 10%
(iii)Write off Rs.2500 from preliminary expenses
(iv) Outstanding interest on sining fund invesments Rs.5000
(v)Transfer Rs12,500 to general reserve and Rs5000 to sinking fund
(vi)Provide Rs4250 on debtors for doubtful debts
13.(a)What is cash flow statement? What are its advantages?
(or)
(b)Following information relates to a contractor in 2013 taken a building contract . The contract amount wasRs24,00,000
Material issued 3,50,000
Wages paid 6,60,000
General charges 24,000
Plant installed at site on 1st July 2013 1,20,000
Materials in hand at the ended 24,000
Wages accrued due 24,000
Work certified 12,00,000
Work completed but not certified 30,000
Cash Received 9,00,000
Material transferred to other contractors 24,000
Material received from other contractors 6,000
Depreciation on plant is to be provided at 10%p.a
Prepare contract account and show what part of the profit on contract should be taken to credit in 2013.
14(a) What is marginal costing ? Discuss its managerial application.
(or)
(b)From the given data calculate:
(i) Material price variances
(ii)Material usage variances
(iii)Material cost variances
Standards:
(i)250kgs of raw material is required for producing 175kgs of finished product
(ii)Price of material per kg.Rs.4
Actuals:
(i)Production 52,500kgs
(ii)Material consumed 70,000kgs
(iii)Cost of materials Rs2,73,000
15(a)What are the advantages of computerized accounting system?Discuss the costs involved in computerized accounting system.
(or)
(b)What are the prepackaged accounting softwares available? Discuss their features

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