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 |
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Also read: Management Accounting Question Papers (Dibrugarh University) 2021
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