S K R ENGINEERING COLLEGE

DEPARTMENT OF MANAGEMENT STUDIES [DOMS]

TWO MARKS TEST-ACCOUNTING FOR MANAGEMENT BA 9206
Answer any 40 questions 40*2=80
Define the following terms
1. Accounting
2. Asset
3. Gross Profit
4. Capital
5. Book keeping
6. Company
7. Inflation accounting
8. Called up capital
9. Activity ratio
10. Quick assets
11. Current liabilities
12. Management accounting
13. Activity based costing]
14. Break even analysis
15. Economic order quantity
16. Direct cost
17. Computerised accounting system
18. Marginal cost
19. Standard cost
20. Budget
Differentiate the following terms
21. Financial and cost accounting
22. Journal and ledger
23. Tangible and intangible assets
24. Sundry debtors and sundry creditors
25. Equity and Preference shares
26. Share and stock
27. Fund flow and cash flow analysis
28. Process costing and job costing
29. Fixed, semi variable and variable cost
30. Comparative and common size statements
31. Favorable and unfavorable variances
32. Fixed and flexible budget
33. Financial and solvency ratios
34. Private Ltd and Public Ltd company
35. Company and Partnership firm
36. What is human Resource Accounting ?
37. What are prepacked accounting software?
38. What is budgetary control ?
39. What do you mean by cash from operation ?
40. What do you mean by incremental analysis ?
41. What do you mean by material mix variance ?
42. Write a short note on make or buy decision
43. What is cash budget ?
44. Draw a specimen form of Fund flow statement
45. What do you mean by accounting cycle ?
46. What are the limitations of ratio analysis ?
47. What is Cost volume profit analysis?
48. What do you mean by GAAP ?
49. What are the types of alternation of share capital ?
50. What do you mean by master budget ?