G 3568 (Pages : 2) Reg.No….............

Name……………
M.B.A. DEGREE EXAMINATION, AUGUST 1996
First Semester
ACCOUNTING FOR MANAGEMENT
Time : Three Hours Maximum:60
Marks
Section A
Answer all questions
Each question carries 2 marks.
I. (a) What is the scope of Management Accounting ?
(b) Explain Dual Aspect concept.
(c) State how the accounts are classified ?
(d) Explain the convention of Materiality.
(e) What do you mean by “Single Entry System” ?
(f) What is Cost-volume-profit analysis ?
(g) What is Contribution ?
(h) What do you mean by “Budgetary Control” ?
(i) Explain Cost planning.
(j) What is Cost analysis ?
(10 x 2 = 20 marks)
Section B
Answer any four questions
Each question carries 5 marks.
II. How can financial accounting be made useful for the management ?
III. State the accounting concepts and explain at least one in detail.
IV. Distinguish between Trial Balance and the Final Account.
V. Discuss the preliminary steps for establishing a system of standard costing.
VI. Explain the term break-even point. How is it determined ?
VII. What are the managerial applications of Cost analysis ?
(4 x 5 = 20 marks)
Section C
Each question carries 10 marks.
VIII. (a) What do you understand by Budgetary control ? What are the advantages and limitations of this
system ?
 Or

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2 G 3568

(b) Journalise the following transactions and post them into Ledger accounts and prepare a Trial
Balance from the following: -
Rs.
1.3.1995 Purchased goods for 6,00,000
5.3.1995 Sold goods to Ram 2,00,000
10.3.1995 Paid salaries to Seetha 10,000
15.3.1995 Paid commission 5,000
20.3.1995 Received commission 6,000
30.3.1995 Paid for stationery 1,000
IX. (a) How does Management accounting differ from Cost accounting ?
Or
(b) From the following data you are required to calculate :
i. P/V ratio.
ii. Break even sales with the help of P/V ratio.
iii. Sales required to earn a profit of Rs.4,50,000.
iv. Fixed expenses Rs.90,000.
v. Variable cost per unit :
D. material – Rs.5.
D. labour – Rs.2.
D.O.H. – 100% of D. labour.
Sellingprice per unit – Rs.12.
(2 x 10 = 20 marks)