Management Accounting Question Paper 2022 [Dibrugarh University BCOM 5th SEM HONS]

Management Accounting Question Paper 2022

[Dibrugarh University BCOm 5th SEM HONS]

5 SEM TDC DSE COM (CBCS) 501 (GR-I) - 2022 (Nov / Dec)

COMMERCE (Discipline Specific Elective)

(For Honours / Non-Honours)

Paper: DSE-501 (Group-I)

(Management Accounting)

Full Marks: 80

Pass Marks: 32

Time: 3 hours

The figures in the margin indicate full marks for the questions.

1. (a) Write True or False:             1 x 4 = 4

(1) In management accounting, only those figures are used which can be measured in monetary terms.

(2) Depreciation of machinery is a source of funds.

(3) The difference between actual cost and standard cost is known as differential cost.

(4) A system of budgetary control cannot be used in a business where standard costing is in use.

(b) Fill in the blanks:                    1 x 4 = 4

(1) Management accounting is based on _______ information.

(2) Issue of equity shares is a cash flow from _______ activities.

(3) _______ budget is a summary of all functional budgets.

(4) Margin of safety can be improved by reducing the _______ cost.

2. Write short notes on any four of the following:             4 x 4 = 16

(a) Tools of Management Accounting.

(b) Operating Activities.

(c) Profit-volume Graph.

(d) Product Budget.

(e) Contribution.

3. Define Management Accounting. Discuss its functions and limitations.          4+5+5=14

Or

Discuss the various tools and techniques of Management Accounting.               14

4. (a) (1) Explain the objects of Cash Flow Statement.           7

(2) Distinguish between Cash Flow Statement and Fund Flow Statement.        7

Or

(b) The following are the balance taken from the books of a limited company as on 31st March, 2021 and 2022:

Credit Balance

2021

Rs.

2022

Rs.

Debit Balance

2021

Rs.

2022

Rs.

Share Capital

2,00,000

2,60,000

Cash at Bank

2,480

2,700

Sundry Creditor

39,500

41,135

Debtors

85,000

72,000

Bills Payable

33,780

11,252

Advances

2,500

1,000

Bank Overdraft

59,510

-

Stock

1,11,000

97,000

Provision for Tax

40,000

50,000

Land & Building

1,49,000

1,45,000

Reserves

50,000

50,000

Machinery & Plant

1,12,500

1,16,000

Surplus

39,690

41,220

Goodwill

-

20,180

 

4,62,480

4,53,880

 

4,62,480

4,53,880

Additional Information:

(1) During the year ended 31st March, 2022, dividend was paid Rs. 18,000.

(2) Income tax paid during the year 2021-22 Rs. 25,000.

(3) The net profit for the year before tax was Rs. 62,530.

Prepare Cash Flow Statement by indirect method.            14

5. “Marginal costing is a very useful technique to management for cost control, profit planning and decision making.” Explain.          14

Or

The following are the details of profit and loss data relating to a manufacturing business:

 

Rs.

Sales

Cost of Goods Sold:

Variable                              40,000

Fixed                                    10,000

1,00,000

-

-

50,000

Gross Profit

50,000

Selling and Administrative Cost:

Variable                             10,000

Fixed                                    5,000

-

-

15,000

Net Profit

35,000

From the above data, calculate –

(1) profit-volume ratio;

(2) break-even point;

(3) profit for the sales volume of Rs. 1,60,000 and Rs. 70,000.

Would it be profitable to reduce the selling price by 10% if it leads to an increase in sales by 30%?        2+3+4+5=14

6. (a) What do you mean by cash budget? What are its advantages? Explain the limitations of budgetary control. 4+4+6=14

Or

(b) From the following estimates of B. C. Ltd., prepare a sales overhead budget:         14

Advertisement

Expenses of the Sales Department

Salaries of the Sales Department

Counter salesmen’s salary and dearness allowance

Rs. 5,000

Rs. 4,000

Rs. 9,000

Rs. 12,000

Counter salesmen are allowed commission @ 2% on their sales

Travelling salesmen are allowed commission and expenses @ 10% and 5% on their sales respectively.

The estimated sales during the period were as under:

Area

Counter Sales

Rs.

Sales by Travelling Salesmen

Rs.

I

1,60,000

20,000

II

2,25,000

28,000

III

2,70,000

45,000

Also Read: Management Accounting Question Papers Non CBCS Pattern

0/Post a Comment/Comments

Kindly give your valuable feedback to improve this website.

Subscribe Us

Social Widget