National Degree College of Commerce and Management Sindhanur

SUB:M.A/c Internal Examination-2017 Marks:50

Section –A 2x5=10
1. What do you mean by Management Accounting?
2. Mention four functions of management accounting?
3. What are the objectives of fund flow statement?
4. What is ROI? Give formula
5. Current ratio is 2.5 liquid ratios is 1.5 stock is 50,000. Calculate current assets?
6. Mention any two differences between cost accounting and management accounting?
Section -B 5x2=10
7. Calculate the closing and opening stock from the following
Cost of goods sold is Rs. 2, 40,000. Stock turnover ratio is 6 times.
Opening stock is Rs.6,000 More than closing stock.
8. Explain the Installation Tool of management accounting?
9. Following are the extracts from the Balance sheets of a company as an 31-03-2007 and 2008.
You are required to calculate Funds from Operation?
As an 31-03-2007 31-03-2008
P & L Appropriation A/c 90,000 1,20,000
General Reserves 60,000 75,000
Good will 30,000 15,000
Preliminary Expenses 18,000 12,000
Provision for Deprecation 30,000 36,000
Section –c 15x2=30

11) What is Management Accounting? Explain its Nature and scope

12) From the Following Particulars prepare trading Account. Profit and Loss account and Balance Sheet.
Gross Profit Ratio 25%
Net Profit on Sales 20%
Sales to inventory 10%
Fixed assets to other current assets 5:7
Current Ratio 1:1
Fixed assets to Capital 5:4
Fixed assets Rs.5,00,000
Closing Stock Rs.50,000

13) The Balance Sheets of XYZ co. Ltd as on 1-1-2010 and 31-12-2010 were as follows.

Liabilities 1-1-2010 31-12-2010 Assets 1-1-2010 31-12-2010

Share capital 200000 250000 Fixed assets 250000 350000
General reserve 50000 75000 Investment 100000 90000
Profit and loss 50000 75000 Stock 80000 60000
10% debenture 100000 100000 Debtors 60,000 100000
Provision depreciation75000 100000 Cash 10000 40000
Tax provision 20000 25000 Bills receivable 0 5000
Sundry creditors 15000 25000 Preliminary Exp 10000 5000
510000 650000 510000 650000
Additional Information
a) A part of fixed assets costing Rs. 25000 (Accumulated depreciation Rs. 20000) was sold for
Rs.10000
b) Profit on sale of investment Rs 10000 .
c) Dividend paid Rs 20000 and income tax paid 30000
You are required to prepare Fund Flow Statement.