MCA MAGADH UNIVERSITY QUESTION (2017-2020) (second semester) Principles of Accounting

MCA MAGADH UNIVERSITY QUESTION (2017-2020) (second semester) Principles of Accounting

MCA MAGADH UNIVERSITY QUESTION (2017-2020) (second semester) Principles of Accounting
                                                                          (2017-2020)
                                                                         Time: 4 hours
                                                                        Full Marks: 80
                                            Candidates are required to give their answers in their
                                                             Own words as far practicable.
                                                           The questions are of equal value.
                                                               Answer any five questions.

1. What do you mean by non-profit organization? Discuss its features.

2. Explain the nature of financial statement.

3. What is standard cost accounting? Give its elements.

4. Define performance appraisal. How it can be measured?

5. What is long-range planning? Discuss its strategies.

6. What is Balance Sheets? List the major heads under which the assets are presented in the balance sheet of a company.

7. What is meant by ratio analysis? State the limitations of ratio analysis regarding qualitative aspects.

8. What is Cash flow statement? Explain its objectives.

9. What do you mean by profit and Loss statement? Discuss its importance.

10. Write short notes on any two of the following:
      (a) Depreciation
      (b) Break-even analysis
      (c) Budgeting
      (d) Fund Flow statement

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