Accounting for Managers
Note : The Internal Assignment has been divided into three sections A, B and C. Write answer as per the given instruction.
Section-A (Very Short Answer Type Questions)
Note : Answer all four questions. As per the question you delimit your answer in one word, one sentence or maximum up to 30 words. Each question carries 1 Mark. 4 Q x 1 = 04
Q.1 What is Unit Cost?
Q.2 What is Imprest?
Q.3 Define Journal.
Q.4 Define margin of Safety.
Section-B (Short Answer Questions)
Note : Answer any 2 questions. Each answer should not exceed 200 words. Each question carries 4 marks. 2 Q x 4 = 08
Q.1 Explain the four sources of Funds.
Q.2 Explain variance analysis cycle.
Q.3 Define Cost, Costing and Cost Accountancy.
Q.4 Give the classification of assets and liabilities.
Section-C (Long Answer Questions)
Note : Answer any one question. You have to delimit your each answer maximum up to 800 words. Each question carries 8 marks. 1 Q x 8 = 08
Q.1 “Trial Balance is a conclusive proof of accuracy”, if not then what are the errors?
Q.2 Explain the role of marginal costing in managerial decision making.
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