END TERM EXAMINATION:

MANAGEMENT ACCOUNTING

Time: 3 Hrs. Maximum Marks: 60

Note: Attempt questions from all sections as directed.

Use of Simple Calculator is allowed

SECTION – A (30 Marks)

Attempt any five questions out of six.
Each question carries 06 marks.

1. Explain management accounting with its principles?

2. Define responsibility centre and their types ?

3. State differences between cash flow statement and fund flow statement.

4. Briefly explain zero-based budgeting ?

5. X Ltd., has a current ratio of 3.5 : 1 and quick ratio of 2 : 1. If excess of current assets

over quick assets represented by inventories is Rs. 24,000, calculate current assets and

current liabilities.

6. Explain standard costing with their needs ?

 SECTION – B (16 marks)

Attempt any two questions out of three.

Each question carries 8 marks.

7. Who is a management accountant and briefly explain the role of management

accountant.

8. Classify the following into (i) Operating Acivities, (ii) Investing Activities, (iii) Financing

Activities and (iv) Cash Equivalents while preparing a Cash Flow Statement:

1. Cash Sales

2. Cash Received from Trade Receivables

3. Purchase of Building

4. Sale of Building

5. Issue of Share Capital or Debentures

6. Buy- back of Equity Shares

7. Dividend Paid

8. Interest paid on Debentures or Long - term Loans by (a) Finance Company (b) Non- Finance

Company

9. Cash Purchases

10. Cash paid to trade payables

11. Redemption of Debentures and Preference Shares

12. Repayment of Long - term Loan

13. Office Expenses

14. Selling and Distribution Expenses

15. Manufacturing Expenses

9. Explain difference between cost accounting and management

accounting?
 SECTION – C (14 Marks)
(Compulsory)

10. Tell us What Role Does Budgetary Control Play in Cost Control? What
Are the Requirements For Its Successful Implementation? (9)
11. compare fixed and flexible budgets? (5)