Dr. A.P.J. Abdul Kalam University
Master of Business Administration
First Semester Main Examination, Dec-2020
Accounting for Managers [MBA103T]
Time: 3:00 Hrs Max Marks 80
Note:- Attempt any five questions.
All question carry equal marks.
Q.1 What are the fundamental accounting assumptions? Discuss briefly.
Q.2 What is Budgetary Control? How is a system of budgetary control
operated in an undertaking engaged in manufacturing business?
Q.3 What is a Double Entry? Mention and explain the single rule of Debit
and credit that covers all types of transactions.
Q.4 Differentiate between Basic Accounting Concepts and Fundamental
conventions of Accounting.
Q.5 Explain in detail Target Costing and Activity Based Costing.
Q.6 What do you mean by Cost Accounting? Explain the nature, role and
scope of cost accounting.
Q.7 Define and explain the term Flexible Budget. How is a flexible budget
constructed and what difficulties would you expect in compilation of a
flexible budget
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