6. Form the following information, prepare a Comparative Income statement.Year 2009 year2010 (in rupees)Sales4, 00,0005, 00,000CGS2, 00,0003, 00,000Operating Expenses 70,0001, 00, 000Other Income 10,000 20,000Income Tax 70,000 60,0007. Budget manual?8 Personal Qualities of Management Accountant?
PART – BAnswer all questions. Answer to The theory question should not exceed 4 pages each.
9Explain the meaning of management Accounting and state the objectives of Management Accounting?(OR)What are the duties and responsibilities of Management Accountant?10The following Balance sheets are given
Equity share capitalPreference share capitalGeneral ReserveP&L A/CProposed DividendCreditorsBills payablesProvision for taxation30,00015,0004,0003,0004,2005,5002,0004,00067,00040,00010,0007,0004,8005,0008,3001,6005,00081,700Good willLand &buildingsPlantDebtorsStock Bills ReceivablesCash in handCash at bank 11,50020,0008,00016,0007,7002,0001,5001,00067,7009,00017,00020,00020,00010,9003,0001,0008,00081,700You are required to prepare a Common size Balance sheet and comment on significant changes that have been taken place during the year 2010.(OR)Form the following information; prepare Income statement one interpret the results of operations usingtrend ratios.