Financial Accounting and Analysis-KMBN103
Financial Accounting and Analysis-KMBN103
Financial Accounting and Analysis-KMBN103
MBA
(SEM 1st) THEORY EXAMINATION 2022-23
FINANCIAL ACCOUNTING AND ANALYSIS
SECTION A
1. Attempt all questions in brief. 2 x 10 = 20
(a) List out the advantages of financial accounting.
(b) What do you mean by debtors?
(c) Briefly discuss about the need for providing depreciation.
(d) What do you mean by Ledger?
(e) State the two objectives of Trial Balance.
(f) What do you mean by intangible assets? Give two examples.
(g) What do you mean by adjustment entries?
(h) Explain Acid Test ratio.
2
32
16
(i) What do you mean by operating profits?
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1.
P2
24
SECTION B
5.
3D
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2. Attempt any two of the following: 15x2=30
P2
CASE STUDY 17
Q
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(a) Arun is a trader dealing in automobiles. For the following transactions, pass journal
6
Rs.
59
6 Received cheque from D and Co. in full settlement and deposited the same in
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bank 9,000
03
10 Building purchased from Kumar and Co. for Rs. 1,00,000 and an advance of Rs.
20,000 is given in cash
(b) On October 1, 2008, the Akash Transport Company purchased a Truck for Rs.
8,00,000. On April 1, 2010, this Truck was involved in an accident and was
completely destroyed and Rs. 6,00,000 were received from Insurance Company in
full settlement. On the same date another Truck was purchased by the company for
Rs. 10,00,000. The company writes off 20% depreciation p. a. on written down value
method. Give the Truck Account from 2008 to 2010.
Rs
Current Assets 35,000
Current Liabilities 17,500
Inventory 15,000
Operating Expenses 20,000
Revenue from Operations 60,000
Cost of Goods Sold 30,000
SECTION C
3. Attempt any one part of the following: 10x1=10
(a) What do you mean by accounting concept? Also discuss various accounting concept
in brief.
(b) Discuss in detail about the users of accounting information.
2
32
Dilapidations.
16
(b) Clearly explain about various uniform charges methods for charging depreciation.
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1.
P2
24
5. Attempt any one part of the following: 10x1=10
5.
3D
(a) What do you mean by Journal? Why it is called the book of original entry? Also
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discuss the rules for journalizing the transactions.
P2
|1
6. Attempt any one part of the following: 10x1=10
6
:4
(a) Clearly explain various types and limitations of Financial statement analysis.
59
(b) Describe the various ratios that are likely to help the management of a
manufacturing unit in forming an opinion on the solvency position of business.
:
08
(a) What is Social responsibility accounting? Also discuss the features and benefits of
social responsibility accounting.
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