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    MMPC-004 Accounting For Managers

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    bhavan p
    The document provides information to prepare the trading account, profit and loss account, and balance sheet for M/s. Silent and Humming Ltd for the year ended 31/3/2021. It lists opening balances, transactions during the year, and adjustments that need to be incorporated. The adjustments include closing stock, a new machine installed but not recorded, depreciation of various assets, revaluation of loose tools, writing off of bad debts, and maintaining a provision for doubtful debts.

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    MMPC-004 Accounting For Managers

    Uploaded by

    bhavan p
    123 views4 pages
    The document provides information to prepare the trading account, profit and loss account, and balance sheet for M/s. Silent and Humming Ltd for the year ended 31/3/2021. It lists opening balances, transactions during the year, and adjustments that need to be incorporated. The adjustments include closing stock, a new machine installed but not recorded, depreciation of various assets, revaluation of loose tools, writing off of bad debts, and maintaining a provision for doubtful debts.

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    MMPC-004 ACCOUNTING FOR MANAGERS

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    The document provides information to prepare the trading account, profit and loss account, and balance sheet for M/s. Silent and Humming Ltd for the year ended 31/3/2021. It lists opening balances, transactions during the year, and adjustments that need to be incorporated. The adjustments include closing stock, a new machine installed but not recorded, depreciation of various assets, revaluation of loose tools, writing off of bad debts, and maintaining a provision for doubtful debts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    123 views4 pages

    MMPC-004 Accounting For Managers

    Uploaded by

    bhavan p
    The document provides information to prepare the trading account, profit and loss account, and balance sheet for M/s. Silent and Humming Ltd for the year ended 31/3/2021. It lists opening balances, transactions during the year, and adjustments that need to be incorporated. The adjustments include closing stock, a new machine installed but not recorded, depreciation of various assets, revaluation of loose tools, writing off of bad debts, and maintaining a provision for doubtful debts.

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    You are on page 1of 4

    [2] MMPC-004

    1. From the following figures extracted from the


    No. of Printed Pages : 7 MMPC-004
    books of M/s. Silent and Humming Ltd. you are

    required to prepare :
    MASTER OF BUSINESS
    (i) Trading A/c
    ADMINISTRATION/MASTER OF
    (ii) Profit & Loss A/c for the year ended
    BUSINESS ADMINISTRATION
    31/3/2021
    (BANKING/FINANCE) (MBA/MBF)
    (iii) Balance Sheet as on 31/3/2021

    Term-End Examination Incorporate the effect of adjustments in these

    December, 2021 financial statements which are given :

    MMPC-004 : ACCOUNTING FOR MANAGERS Amount


    Particulars
    (`)

    Time : 3 Hours Maximum Marks : 100 Capital 4,57,600

    Drawings 26,400
    (Weightage 70%)
    Plant and Machinery 1,98,000

    Note : (i) Attempt any five questions. Freehold property 1,32,000

    Purchases 2,20,000
    (ii) All questions carry equal marks. Return outwards 2,200

    P. T. O.
    [3] MMPC-004 [4] MMPC-004

    Salaries 26,400 Freight 19,800

    Office expenses 5,500 Loose tools 44,000

    Office furniture 11,000 Factory lighting 2,200

    Discount given 2,640 Provision for doubtful bebts 1,760

    Sundry debtors 58,520 Interest on loan to Alice 2,200

    Loan to Alice @ 10% per annum 88,000 Cash in hand 5,280


    Balance on 1/4/2020 Adjustments :
    Cash at bank 58,520 (i) Stock on 31-3-2021 was ` 1,45,200.

    Bills Payable 11,000 (ii) A new machine was installed during the

    Sales 4,62,880 year costing ` 30,800, but it was not

    Stock as on 1/4/2020 77,000 recorded in the books as no payment was

    Wages 70,400 made for the same. Wages of ` 2,200 paid


    Sundry creditors 88,000 for its erection have been debited to wages
    Internet charges 3,080
    account.
    Insurance 3,520
    (iii) Depreciate plant and machinery by 33 %,
    Gas and Fuel 5,940
    furniture by 10% and freehold property by
    Bad debts 1,320
    5%.
    Office rent 5,720
    [5] MMPC-004 [6] MMPC-004

    (iv) Loose tools were valued at ` 3,520 on 4. What is Cost-Volume-Profit (CVP) analysis ?

    31-3-2021. Explain the interplay of various factors on

    (v) Of the sundry debtors ` 1,320 are bad and profit. Discuss the application of profit graph

    should be written off. and list the assumptions on which profit graph

    analysis is carried.
    (vi) Maintain a provisions of 5% on sundry

    debtors for doubtful debts. 5. What is a budget ? Briefly discuss the types of

    budgets that would be prepared by a typical


    2. Explain the basic structure of cash flow
    business concern. Discuss the significance of
    statement and describe the meaning of cash
    budgetary control in modern organisations and
    and cash equivalents. Discuss in detail the type
    describe the control ratios used for this
    of activities taken into consideration for

    preparation of cash flow statement. purpose.

    6. What is ‘Ratio Analysis’ ? Describe the various


    3. What do you understand by absorption and

    marginal costing ? Bring out the major ‘Profitability and Liquidity’ ratios. Explain the

    differences among them and discuss the utility significance of each of these ratios and discuss

    and limitation of marginal costing. how these ratios are interpreted.


    [7] MMPC-004

    7. Discuss the following :

    (i) Altman’s Z scorce

    (ii) DuPont analysis

    8. Discuss the major developments that have led

    to increasing focus on Human Resource

    function accountability. Explain the cost based

    methods of Human Resource Accounting.

    MMPC–004

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