ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – SEPT/OCT. 2015

B.B.A.(International Students)– I SEMESTER

MANAGEMENT ACCOUNTING

Duration: 1 ½ Hours Max. Marks: 50

SECTION – A

Answer ALL the questions. Each carries 2 marks. (10×2=20)

Give the meaning of Management Accounting.

State the various methods of financial analysis.

How does Ratio analysis help to analyse data? Give examples of two ratios.

Explain any two objectives of Management Accounting.

Calculate Current Assets when current ratio is 2.6:1 and current liability is Rs. 40,000.

Gross Profit is 20% on sales, cost of goods sold is Rs. 3,00,000. Find out sales.

Mention any four duties of a Management Accountant.

What are the main types of Ratio’s?

Average stock of a firm is Rs. 50,000. Its opening stock is Rs. 10,000 less than its closing stock. Find opening and closing stock.

10.

Differentiate between Financial and Management Accounting.

SECTION – B

II)

Answer any TWO questions. Each carries 15 marks. (2×15=30)

11.

Following is the Balance Sheet of J.K. Ltd. as on 31.3.2014 and 31.3.2015. You are required to prepare the Comparative Balance Sheet and Comment on the Financial Position of the Firm.

Liabilities	31.3.2014	31.3.2015	Assets	31.3.2014	31.3.2015
Share Capital	1,00,000	1,25,000	Building	75,000	1,50,000
Reserves & Surplus	20,000	25,000	Furniture	2,00,000	2,40,000
8% Debentures	45,000	30,000	Stock	1,00,000	35,000
Long Term Borrowings	2,00,000	2,50,000	Debtors	40,000	1,00,000
Creditors	1,25,000	1,50,000	Cash	1,32,500	1,20,000
Bills Payable	45,000	50,000
Bank Overdraft	12,500	15,000
	5,47,500	6,45,000		5,47,500	6,45,000

12.

Using the following data complete the Balance Sheet:

Gross Profit (20% of sales) Rs. 60,000

Share Capital Rs. 50,000

Credit Sales to Total sales 80%

Total assets turnover (on sales) 3 times

Closing stock turnover (to cost of sales) 8 times

Average Collection Period (for 360 days) 18 days

Current ratio 1.6

Long Term Debt to Equity 40%

Balance Sheet

Liabilities	Amount	Assets	Amount
Share Capital	?	Fixed Assets	?
Long Term Debt	?	Stock	?
Creditors	?	Debtors	?
		Cash	?
	?		?

13.

(a) Following is the details of M/S BSL as on 31.3.2014 and 31.3.2015. You are required to prepare the Common-Size Income Statement for the year ending and Comment on the Profitability of the concern. (10 marks)

Particulars	31.3.2014	31.3.2015
Sales	3,50,000	4,50,000
Cost of Goods Sold	2,75,000	4,00,000
Operating Expenses	4,500	15,000
Office Expenses	4,500	15,000
Selling Expenses	2,500	3,000
Distribution Expenses	1,250	1,000
Financial Expenses	10,000	12,500
*Tax Rate is 35%	—	—

(b) Briefly show the Traditional Classification of Ratios through a chart.

(5 marks)

***********************************

Latest Govt Job & Exam Updates:

St. Joseph’s College of Commerce 2015 Management Accounting Question Paper PDF Download

View Full List ...