EXECUTIVE M.B.A. DEGREE EXAMINATION, MAY 2017
First and Second Years
ACCOUNTING FOR MANAGERS
Time 3 Hours Maximum Marks: 70
SECTION-A × 5 15)
Answer Three questions
Q1) Accounting Conventions.
Balance sheet.
Undistributed dividends.
Inflation Accounting.
Marginal Cost.
Auditor's penalty.
SECTION-B × 15 45)
Answer Three questions.
Q2) Define accounting. Explain its functions.
Q3) Discuss about contents and construction of funds flow statement.
Q4) Explain the accounting disclosure as per the Indian Companies Act, 1956.
Q5) Describe the procedure of accounting for declaration and distribution of
dividends.
Q6) Define What are the types of Costs?
Q7) Write about errors that occurred in accounting.
SECTION-C
Compulsory
Q8) Problem
AB Ltd. furnishes the following information relating to budgeted sales and
actual sales for April, 2011:
Product Sales Quantity Selling price
(units) per unit
Budgeted A 1,200 15
Sales B 800 20
C 2,000 40
Product Sales Quantity Selling price
(units) per unit
A 880 18
Actual Sales B 880 20
C 2,640 38
Calculate the following variances:
Sales quantity variance.
Sales mix variance.
Sale price variance.
Total sales variance.