Management Accounting Question Paper 2024 [Dibrugarh University BCOM 5th SEM HONS]

Management Accounting Question Paper 2023

5 SEM TDC DSE COM (CBCS) 501 (GR-I)

2024 (November)

COMMERCE (Discipline Specific Elective)

(For Honours and 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) Fill in the blanks:

(i) Management Accounting provides information to the ______ so that to ensure proper decision-making.

(ii) Issue of Preference Shares is a ______ cash flow from ______ activities.

(iii) Fixed cost per unit ______ with increase in volume of production.

(iv) Flexible budget is a ______ budget.

(b) Write True or False/Fill in the blanks:

(i) Management Accounting and Financial Accounting are synonymous.

(ii) Selling Price is based on Marginal Cost + Contribution.

(iii) ______ Budget is the summary of all functional budgets.

(iv) Accounting Standard No. ______ deals with Cash Flow Statement.

2. Write short notes on any four of the following:

(a) Objectives of Management Accounting

(b) Flexible Budget

(c) Fund from operations

(d) Break-Even Analysis

(e) Statement of Sources and Applications of Fund

3. (a) Explain the characteristics of Management Accounting. What are its functions? 7+7=14

Or

(b) Discuss the tools and techniques of Management Accounting. Explain the relationship between Cost Accounting and Management Accounting. 8+6=14

4. (a) (i) What do you mean by Cash Flow Statement? Narrate the purposes of preparing Cash Flow Statement. 7

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

Or

(b) Following are the Balance Sheets of Reliance Ltd. as on 31st March, 2023 and 2024. Prepare a Statement of Cash Flow for the company: 14

Capital & Liabilities	31.03.2023 (₹)	31.03.2024 (₹)
Equity Share Capital	2,00,000	1,50,000
Preference Share Capital	35,000	50,000
Security Premium Reserve	30,000
Surplus A/c	38,500	(5,000)
15% Debentures	1,25,000	1,00,000
Trade Payables	55,000	25,000
Provisions for Depreciation	24,000	15,000
Provision for doubtful debts	8,000	5,000
Total	5,15,500	3,40,000
Fixed Assets	2,50,000	3,40,000
Investment	22,500	75,000
Discount on Issue of Debentures	8,000	10,000
Inventories	1,00,000	75,000
Bills Receivable	25,000	85,000
Cash at Bank	1,10,000	50,000
Total	5,15,500	3,40,000

Additional Information:

(i) Dividend paid during the year Rs. 18,000

(ii) Investment Costing Rs. 5,000 was sold at a profit of 30%

(iii) Fixed Assets Costing Rs. 10,000 (provision for depreciation being Rs. 4,000), were sold for Rs. 8,500

(iv) Additional Debentures Amounting to Rs. 50,000 were issued at par on 1st August, 2023

(v) Interest on Debentures has been paid regularly

5. (a) Differentiate between Marginal Costing and Absorption Costing. Discuss the shortcomings of Marginal Costing. 8+6=14

Or

(b) From the following determine:

(i) Profit-Volume Ratio

(ii) Break-Even Point

(iii) Margin of Safety

(iv) if the selling price is reduced to Rs. 90 per unit, by how much the Margin of Safety is reduced:

	(₹)
Total Sales	3,60,000
Selling Price per unit	100
Variable Cost per unit	60
Fixed Cost	1,20,000

6. (a) Briefly explain different types of budgets prepared by a large business concern. Write a note on Budget Manual. 8+6=14

Or

(b) A company is expecting to have Rs. 32,000 cash in hand on 1st April, 2024 and wants you to prepare a Cash Budget for the three months April to June of the same year. The following information is supplied to you:

Month	Sales (₹)	Purchases (₹)	Wages (₹)	Expenses (₹)
February	70,000	44,000	6,000	5,000
March	80,000	56,000	9,000	6,000
April	96,000	60,000	9,000	7,000
May	1,00,000	68,000	14,000	9,000
June	1,20,000	62,000		9,000

Other Information:

(i) Period of credit allowed by suppliers is 2 months.

(ii) 25% of sales is for cash and the period of credit allowed to customers is one month.

(iii) Delay in payment of wages and expenses is one month.

(iv) Income tax of Rs. 28,000 is to be paid in June 2024.

Also Read: Management Accounting Question Papers Non CBCS Pattern