MCA MAGADH UNIVERSITY QUESTION (2016-2019) (second semester) Principles of Accounting
MCA MAGADH UNIVERSITY QUESTION (2016-2019) (second semester) Principles of Accounting
2016-2019
Time: 4 hours
Full Marks: 80
candidates are required to give their answers in
their own words as far as practicable.
The questions are of equal value.
Answer any five questions.
(1). Define Accounting . Explain various accounting conventions with examples.
(2). Define the term Financial Statements. Why are these prepared ? Explain their essential parts.'
(3). What is Depreciation ? Explain the various methods of providing depreciation.
(4). What is meant by Break-Even Analysis ? Describe its utility and limitations.
(5).Define Cost. Explain the various classification of cost.
(6). Define Budgeting . What are the essentials of an effective budgeting system?
(7). What do you mean by Management Control System ? Bring out clearly the nature and importance of Management control system.
(8). A Company producing a single article, sells it at Rs. 10 each. The variable cost of Production is Rs .6 Each and fixed Cost Rs. 400 per annum. Calculate:
(a) Sales at Break Even Point
(b) Sales to earn a profit of Rs. 500
(c) Profit at sales of Rs. 3000
(d) New Break- Even point if sales price is reduced by 10%
(9). The production of a certain unit is assumed to required 80 kgs of material costing Rs. 1.5 per kg. On Completion of the production of a unit, It was found that 75 kgs of material costing Rs. 1.75 kg has been consumed. Calculate the variances.
(10). Write short notes on any two of the following:
(a) Fund Flow statement
(b) Prepare a pro- forma of Balance- sheet
(c) Responsibility Centres
(d) Management Reporting system.
Comments
Post a Comment