Download PTU (I.K.Gujral Punjab Technical University (IKGPTU)) B-Tech (Bachelor of Technology) (IE)- Industrial Engineering 2020 December 4th Sem 61017 Managerial Accounting And Industrial Economics Previous Question Paper
Total No. of Pages : 03
Total No. of Questions : 16
B.Tech. (Ind. Engg. & Mgt.) (TQM) (Sem.?4)
MANAGERIAL ACCOUNTING & INDUSTRIAL ECONOMICS
Subject Code : IEM-402
M.Code : 61017
Time : 3 Hrs. Max. Marks : 40
INST RUCT IONS T O CANDIDAT ES :
1 .
Attempt Any EIGHT ques tions fro m SECT ION -A carry in g T WO marks each.
2 .
Attempt any FOUR questio ns from SECT ION-B carrying SIX ma rk s e ach.
SECTION-A
Answer briefly :
1)
Accounting Cycle
2)
Ledger
3)
Gross Domestic Product (GDP)
4)
Cross Elasticity of Demand
5)
Cost Centre
6)
Job Costing
7)
Monopoly and Oligopoly
8)
Transfer Pricing
9)
Stages in Capital Budgeting
10) Economic Liberalization
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SECTION-B
11) From the following balances as on 31st March, 2020 , prepare a Trading Account and
Profit and Loss Account for M/s Saksham Associates:
Rs.
Rs.
Opening Stock
11,500
Purchases
32,000
Wages
13,000
Sales
60,000
Capital
21,310
Discount Allowed
2,600
Salaries
5,000 Carriage Inward
550
Insurance
300
Commission (Dr.)
650
Rent and Rates
1,000 Cash in hand
5,500
Repairs
600
Sundry Expenses
110
Mortgage interest
300
Building
8,000
Machinery
3,000
Furniture and Fixtures
1,000
Sundry debtors
6,500
Bank Loan
6,100
Sundry Creditors
4,200
Closing Stock was valued at Rs. 12,150.
12) What do you understand by the term Balance of Payment (BOP)? What are the causes of
disequilibrium in Balance of Payment (BOP)?
13) What do you mean by Elasticity of Demand? Also discuss in brief the factors affecting the
price elasticity of demand.
14) From the particulars given below :
Sales
Rs. 2,00,000
Fixed Cost
Rs. 30,000
Net profit
Rs. 20,000
Compute :
a) Contribution
b) P/V Ratio
c) Break Even Sales
d) Margin of Safety
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15) What is Perfect Competition? Explain how equilibrium is attained in the short run by the
firm. Also describe how a firm earns only normal profits in the long run under perfect
competition.
16) Discuss and distinguish between NPV (Net Present Value) and IRR(Internal Rate of
Return) methods of making investment decisions. Illustrate your answer with the help of an
example. In your opinion, which of the two is better?
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 13 February 2021