Download BU (Bangalore University) MBA 1st Semester 2019 Feb Accounting Managers Question Paper

Download BU (Bangalore University) MBA (Master of Business Administration) 1st Semester 2019 Feb Accounting Managers Question Paper

minim 61305
560
I Semester H.B.A. Degree Examination. Feb. 2019
(0303)
MANAGEMENT
Paper - 1 .3 : Accountlng tot Managers
Time :3 Hours Max. Marks : 70
SECTION - A
Answer any ?ve : (6M
1. De?ne the term Depreciation and state the (actors which provides for
Depreciation.
2. Explain the importance of Human Resource Accounting.
3. Journa?se the following wansac?ons 01 Ram and Sons for me your 2016.
June 1 Business stamd wlm ? 1.00.000 am! cash deposited In bankfeopoo
June 2 Machinery purchased from Karen fat cash 01? 20.000
June 3 Fumnure purchased from Mr. A on credit 01 (10.000
June 6 Goods sum to noun at 2 9,000 '-
June 9 Goods returned by Rohlt 01 2 2.500
June 13 Sold goods for cash 01 f 15.000
June 14 Bought goods Ior cash 01 f 12,000
June 16 Cash received from Rom: 01 2 4,000
June 20 Cash paid to Karim of f 7.000.
June 24 Cash withdrawn from bank 01318000
June 27 Pa'm for advertisement at 2 4200
June 28 Paid rent 01 $1,200
June 30 Office smionery purchased fat 2 2,000
June 30 Cash w?hdrawn from bank for his personal use ? 3.000.
P.?I?.O.

61303 -2- IHIIIIIIIII
4. The Fatrdeal Granacy was not maintaining a perpetual inventory system for
its stodcs until recentty. Onty physical Inventory was taken at the end of each
month. The physical inventory at the end at December. 2014. showed 200 bags
of ?ne rice at ? 212.25 per bag.
FotIowing purchases were made in January. 2015 :
3" 400 bags at 2 218.00 per bag
10" 900 bags at ? 223.50 per bag
15" 400 bags at ? 220.00 per bag
Following Issues are made
28" 700 bags
30?" 300 bags
You are required to mulate the value at stock on 31" January. 2015 according to:
a) Ftrst-tn-Hrst-out
b) Last-inoFirst-out
5. On 1" And! 2000. a firm purchased machinery for ? 2.00.000. 0n 1" October.
2000. Additional machinery costing z 1.00.000 was purchased. 0n 1" October.
2001. the machinery purchased on 1" April. 2000 having become obsolete. was
sold oft at Y 90,000. On 1" October. 2002. new machinery was putchased tor
? 2.50.000 while the machinery purchased on 1" October. 2000 was sold for
! 84.000 on the same day. .
The firm provides depreciation on its machinery 6 10% p.a. on the original
cost. ttctoses its books ofacoounts on 31"March each year. Shawmachtnely
account tor the period 0! three accounting years ending 31" March. 2002.
6. Ftom the lntormatton given below prepare ?exble budget at 60 and 80 per cent
mpacities and ?x the total ovemead tales as a per cent on direct wages at
these capacities.
At 60% At 78% At 80%
. Capacity Capacity cw?v
? f ?
Variants overheads :
Indirect materials 7,500
Indirect labour - 22.500

I
I'll.? 4 31m
Sen?-vanabha overheads :
Eloamny (40% ?ned. 80% varhbh) 37.500
Repairs and maintenance
(80% ?xzad. 20% variable) 3.750
Fixed overheads :
Salaries 1.00.000
Insurance 6.000
Depreciation 25.000
Estimated direct wages. I 40,250 a: 75% wacky.
7. Momma the branches 0! Accounting and discuss brie?y the scope and
Importance of 0361.
SECTDN-B
Answer any ?lm. 0? the Mowing quasuons. nah question comes ton mam.
(3:10-80)
0. Explain the trends 0! accounting with the concepts :
l) IFRS and
i) Forensic accounting.
9. From the blowing Intorma?on of: company. prepare the Balance Sheet? 1::
sales are ? 28,00,000.
Sales to not worth 2.1 times
Current debt to no! worth 40%
Total debt no net worth 72%
Current mtg 2.7 limes
Mel sales 0? Immaty 4.2 limes
Average oolbc?on ponod 60 Up
Fixed assets to not worth 502%

01000 + lIl-ll
Balance sum
Netwonh Fixed Assets
ng-mm cam cm
Cummoebt smock
N Sundry debtors
To? Tom
?10.
Ms. W of sun Olls united has collected the following intom?on for Mo
pnpataiion 0f cash?ow slammOtMOHheyoaremlm 31-3-2015:
8 h mm.)
N0! Pmm 25.000
W (Indudlm dividend lax) paid 8.535
Widen tor hm tax END
Income tax pold during the you 4248
Loss on Sale of mm (not) 40
Book Vain. of the Assets sold 2 185
00956300? ehamed to Pro?t and Loss Account 20.000
Wu 0! Capital Gwen! 6
PM on Sale of Investmanis 100
Carrying amount 0| lmadmcm sou 27,765
Imam lwome 0n Investments moemd during the yes: 2,608
mates! Expenses 10,000
Interest odd 00mg ma wet 10.520
1m In Working Capital (mam Cash and Bank balance) 56.075