Accounting For Managers
Accounting For Managers
Accounting For Managers
1. Define accounting.
2. Define historical costing.
3. What do you mean by management accounting?
4. Define non – current accounts.
5. Write short notes on Funds flow statement.
6. Write short notes on Cost accounting
7. Define profit and loss account.
8. Define trail balance
9. Define current ratio
10.Write short notes on Ratio analysis
11.Write short notes on Process costing
12.Write short notes on Balance sheet
PART B
Answer any five questions: - (5 x 5 = 10 marks)
a.Gross profit ratio b.Net profit ratio c.Operating ratio d.Operating profit ratio
19. You are required to compile a statement showing cost and profit from the information
given, showing clearly: (a) material consumed (b) prime cost (c) work cost (d) cost of
production (e) cost of sales (f) profit (g) sales
PART C
20. The following is the comparative balance sheet of p&co ltd as on 31st march 2014
st
and 31 march 2015
Additional information
22. Give an account in detail about the element of cost and pricing.
23. Management accounting is the best tool for the management to achieve higher profits and
efficient operations”- discuss.