INSTITUTE OF MANAGEMENT SCIENCES, JAMMU

IST MID SEMESTER TEST

MANAGEMENT ACCOUNTING
Course No: UBBATC-502
Time allowed-1.5 Hours Maximum Marks-20
Important Instructions.
The maximum marks for the above MST is 20 marks. All questions are
compulsory. Each question will carry 5 marks.
1. What do you mean by Management Accounting? Explain the nature and
scope of management Accounting.
2. Compare and contrast the relationship of Distinguish between
management accounting financial accounting and cost accounting.
3. Following is the profit and loss of Mr. YYZ for the year ended 31 st
March,2017:
To Opening stock 100000 By sales 560000
To purchases 350000 By closing stock 100000
To wages 9000
To gross Profit c/d 201000
660000 660000
To Administration 20000 By Gross Profit b/d 201000
Expenses
To selling and 89000 By interest on 10000
distribution expenses investment
To Non-operating 30000 By profit on sale of 8000
expenses investment
To Net Profit 80000
219000 219000

You are required to calculate:

A) Gross Profit Ratio
B) Net Profit Ratio
C) Operating Ratio
D) Operating Profit Ratio
E) Administrative expenses Ratio
4. What is Ratio Analysis? Discuss its importance and limitation in detail.
5.
 INSTITUTE OF MANAGEMENT SCIENCES, JAMMU
2ND MID SEMESTER TEST
MANAGEMENT ACCOUNTING
Course No: UBBATC-502
Time allowed-1.5 Hours Maximum Marks-20
Important Instructions.
The maximum marks for the above MST is 20. Attempt any four questions.
Each question will carry 5 marks and question number 3 is compulsory.
1. What do you mean by working capital? What factors would you take into
consideration in estimating the working capital needs of a concern?
2. Describe the essential steps of budgetary control system.
3. What is Budget? Highlight the main points of budget 2022-2023
presented by Finance Minister Nirmala sitaraman in the parliament.
4. The Balance sheet of M/s A and B on 31-3-2015 and 31-3-2016 were as
follows:

Liabilities 31-3- 31-3- Assets 31-3- 31-3-

2015 2016 2015 2016
Creditors 1,20,000 1,32,000 Cash 30,000 21,000
Mrs A’s 75,000 - Debtors 90,000 1,50,000
Loan
Loan from 1,20,000 1,50,000 Stock 1,05,000 75,000
Bank
Capital 3,75,000 4,59,000 Machinery 2,40,000 1,65,000
Land 1,20,000 1,50,000
Building 1,05,000 1,80,000
Total 6,90,000 7,41,000 Total 6,90,000 7,41,000

5. What is Cash flow statement? Distinguish between cash flow statement

and fund flow statement.