2006 Andhra University M.C.A MANAGEMENT ACCOUNTANCY Question paper
Course: M.C.A M.C.A University/board: Andhra University
First Question is Compulsory
Answer any four from the remaining
Answer all parts of any Question at one place.
Time: 3 Hrs. Max. Marks: 100
1. Write short notes on :
a) Master file
b) Trading Account
c) Native of Costing
d) Liquidity Ratio
2. a) Explain double entry system of Accounting
b) Explain how Trail Balance is prepared
3. From the following particulars taken from the books of Sri Kamalesh prepare trading and profit and loss account for the year ended with 31st December 2004 and Balance sheet as on that date.
Rs Rs
Sundry debetors 104000 Wates 47200
Sundry Creditors 44000 General Expenses 5360
Cash in hand 4784 Carriage Inward 4080
Cash at Bank 12400 Carriage outward 3260
Furniture 70000 Fuel and power 12860
Motor car 44000 Motor car expenses 12216
Machinery 48000 Rent, Rates & Taxes 7200
Opening stock 22800 Insurance premium paid on
31.10.04 4800
Purchase 290000 Kamalesh's capital 40000
Sales 584000 Drawings 16000
Sales REturns 52000
Salaries 16800
Adjustments
i) Closing stock Rs. 70000
ii) Depreciation on Furniture 10%
iii) Depreciation of machinery 15%
iv) Depreciation motor car 20%
v) Commision earned but received Rs. 7200
4. Discuss Ratio analysis
5. a) Define depreciation. Depletion and amortization.
b) A company, whose accounting year, purchased on 1st April 2002 machinery costing Rs. 30000. It purchased further machinery on 1st October 2002 Costing Rs. 20000 and kon 1st July 2003 costing Rs. 10000 on 1st January 2004 one third of the machinery installed on 1st April, 2002 became absolute and was sold for Rs. 3000, show how machinery account would appear in the books of the company, it being given that machinery was depreciated by fixed installment method at 10 P.C. per annum.
6. List out different functional budgets. Discuss the preparation of any one of the functional budgets with an example.
7. a) Explain construction of break even chart.
b) Explain the managerial uses of marginal costing.
8. a) What is the significance of computerization in managerial accounting? Explain.
b) Explain the processing of different files.2004-05 MANAGEMENT ACCOUNTANCY
Answer any four from the remaining
Answer all parts of any Question at one place.
Time: 3 Hrs.
Max. Marks: 100
1. Answer any THREE of the following.
a. Master file.
b. Scope for computerization of accounts.
c. Compensating errors.
d. Solvency ratios.
e. Native of costing.
2. What are the managerial uses of funds flow statement? State the limitations of ratio analysis.
3. Classify budgets with example. State the methods of preparing cash budget.
4. Discuss the practical application of marginal costing in decision making.
5. Describe the principles of accounting. State the features of subsidiary books.
6. A Practicing Chartered Accountant now spends Re. 0.90 per kilometer of taxi fares for his clients; work. He is considering two other alternatives, the purchase of a new small car or an old bigger car. The estimated cost figures are:
Items New Small Old Bigger
Car Car
Rs. Rs.
Purchase price. 35,000 20,000
Sale price, after 5 years 19,000 12,000
Repairs and servicing per annum 1,000 1,200
Taxes and insurance per annum 1,700 700
Petrol consumption, per litre 10 km. 7 km
Petrol price per litre 3.50 3.50
He estimates that he does 10,000 km. Annually, which of the three alternatives will be cheaper? If his practice expands and he has to do 19,000 km. Per annum.
What would be his decision? At how many km. Per annum, will the cost of two cars break-even and why? Ignore interest and income tax.
7. Make out a cash book with discount, cash and bank columns:
June 1 Cash in hand Rs. 2,800; cash at bank Rs. 8,100.
June 3 Received from Joseph Rs. 1,500 and allowed him a discount of Rs. 20.
June 7 Paid into bank Rs. 4,000
June 8 Received for cash sales Rs. 100 and cheque Rs. 190.
June 10 Paid George by cheque Rs.570 in settlement of his account for Rs. 600
June 11 Cash purchases by cheque Rs 700
June 15 Drew for office use Rs. 350
June 17 Advertisement expenses Rs. 50
June 20 Sam paid direct into our account in the bank Rs. 620
June 22 Withdrew cash for personal use Rs. 170
June 26 Paid rent by cheque Rs. 200
June 27 Received from Raja a cheque for Rs. 490 and allowed him a discount of Rs. 10.
June 29 Received commission by cheque Rs. 220.
June 30 Cash in excess of Rs. 400 was paid into bank.
8. An inexperienced clerk of B and Co., prepared the following Trial Balance as on 31.12.1989.
Credits Rs. Debits Rs.
Capital 2,000 Loss in fire 100
Loan at 10% 6,000 Building 4,000
Creditors 846 Furniture
Doubtful debts and Fittings 500
reserve 200 Plant and
Bills receivables 852 machinery 5,800
Returns to Debtors 4,800
suppliers 500 Bills payable 815
Carriage on Bank shares 520
sales 250 Commission
Sales 14,954 received 287
Stock (1.1.1989) 2,818
Cash in hand 88
Manufacturing expenses 782
Wages 750
Salaries 394
Postage and telegrams 54
Rates 95
Printing and stationary 86
Insurance 17
Purchases 2,986
Interest on loan
(paid up to October 31) 450
Returns from customers 110
Carriage on purchases 150
____________ _____________
25,602 25,602
____________ _____________
Prepare the correct Trial Balance, Trading Account, Profit and Loss Account for the year ending December 31, 1989 and the Balance Sheet as on that date after taking the following adjustments into account:
a. Stock on hand 31.12.89. Goods Rs. 1,600; Stationary Rs. 45.
b. Make up the reserve for doubtful debts at 5% on debtors.
c. Depreciate Plant at 7½ % and debts at 10%
d. Outstanding expenses: Salaries Rs. 75 ; Interest on Loan.
e. Dividend due on Bank Shares. Rs. 52.
f. Insurance Co. agreed to meet the loss in fire fully.
g. Commission received in advance Rs. 25.
Note: please note that the following question papers from 2001 to 2004 old question paper model. The question paper modal has been changed form 2004.
2001 MANAGEMENT ACCOUNTANCY
(Effective from the Admitted Batch of 2000 to 2004) Time: Three hours
Maximum: 75 marks
Answer question No. 1 is compulsory
Answer any Four from the remaining questions.
1. Answer any THREE of the following:
(a) State the uses of P/V ratio.
(b) What are the features of master file?
(c) When does the flow, of fund occur?
(d) Explain the different forms of presenting ratios.
(e) State the errors which are not disclosed by trial balance.
2. Is accounting a science or an art or both? State the objects of preparing subsidiary books.
3. Discuss the nature, significance and principles of costing.
4. Describe the different methods of preparing cash budget.
5. Explain the process of preparing break even chart. What are the limitations of it?
6. Enter the following transactions in cash book with discount, cash and bank columns:
2000
Dec. 1 Cash in hand Rs. 16,000
2 Opened a bank account with Rs. 7,000
3 Cash purchases Rs. 600
4 Received a cheque of Rs. 400 from prabhakar and gave him discount of Rs. 25
6 Cash sales Rs. 1,200
7 Received a cheque of Rs. 100 from Venu for interest
9 Salary paid to the manager by cheque Rs. 450
11 Withdrew from bank for personal use Rs. 300
15 Purchased a bicycle for office use Rs. 300
18 Paid office rent Rs. 80
2000
Dec. 20 Sold goods for cash Rs. 900
22 Purchased Government bonds for Rs. 700
25 Paid travelling allowance to the manager Rs. 150
27 Received Commission Rs. 175
28 Gave a cheque to Ajantha for advertisement Rs. 50
29 The cheque received from Prabhakar on 4th Dec. Was dishonoured
31 Cash in excess of Rs. 2,000 was paid into the bank
7. From the following Trial Balance prepared from the books of Laxmi Narain on 30th June 2000, prepare Trading and Profit and Loss Account and a Balance Sheet.
Dr. Cr.Stock in trade on 30th June, 2000 was Rs. 1,28,960. Write off half of Mohan's cheque. Create Provision. of 5 percent on debtors. Manufacturing wages include Rs. 1,200 for erection of new machinery purchased last year. Depreciate plant and machinery by 5 percent and fixtures and fittings by 10 percent per annum. Commission accrued Rs. 600, Interest on loan for the last two months is not paid.
Rs. Rs.
Laxmi Narain's Capital and drawings 10,550 1,19,400
Bills receivable 9,500
Purchases and sales 2,56,590 3,56,430
Dr. Cr.
Rs. Rs.
Stock on 1st July 1999 89,680
Commission 5,640
Plant and machinery 28,800
Salaries 11,000
Travelling expenses 1,880
Debtors (including Mohan for
dishonoured cheque Rs. 1,000) 62,000
Stationery 2,000
Telephone charges 1,370
Interest and discount 5,870
Bad debts 3,620
Fixtures and fittings 8,970
Creditors 59,630
6% Loan 20,000
Wages 40,970
Cash in hand 530
Cash at bank 18,970
Cash at bank 18,970
Insurance (including premium of
Rs. 300 per annum paid up to
31st December, 2000) 400
Rent and taxes 5,620
====== ======
5,61,100 5,61,100
8. X Ltd. manufactures 10,000 units of product X at a cost of sales of Rs. 80 per unit and there is a home market for the entire production at a selling price of Rs. 85 per unit. In the year 2000, there is a fall in the home market, which can consume 10,000 units at a selling price of Rs. 74.40 per unit. The analysis of cost of sales for 10,000 units discloses:
Rs.
Materials 3,00,000
Wages 2,20,000
Factory overhead 1,60,000
Variable overhead 1,20,000
The foreign market is also explored and it is ascertained that this market can consume 20,000 units of the product, if offered at a selling price of Rs. 71 per unit. It is also discovered that for additional 10,000 units of product, the fixed overhead will increase by 10%. Is it worthwhile to try to capture foreign market?
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