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BAOU Accounting For Managers (Assignment-2) Solved Assignment 2024

Dr. Babasaheb Ambedkar Open University
Assignment-2
MBA Semester-1
Subject Code: MBA01C103
Subject: Accounting For Managers
Total Marks -15
Passing Marks – 06 marks
Q.1: Answer the following question in 800 words. (Any one) (4*1 = 4 Marks)
1) 1) Draw up the balance sheet from the following information:
Current ratio 3.5
Quick ratio 2.5
Net Working Capital Rs. 40,000
Stock turnover Ratio
(Cost of sales / Closing Stock)
7 Times
Gross Profit Ratio 20%
Fixed Assets turnover Ratio (Cost of sales) 3 Times
Debtors Turnover ratio 3 Times
Fixed Assets to Shareholders Net Worth 0.8
Reserves & Surplus to Capital 0.5
Long Term Loans Rs. 26,000
OR
1) Discuss Traditional and Modern approach of Financial Management.
Q.2: Answer the following questions in 400 words. (Any two) (2*2 = 04 Marks)
1) Discuss various Branches of Accounting.
2) Explain Qualitative Characteristics of Accounting Information.
3) The financial data for A, B, and C companies for the current year are as under:
Particulars A B C
Variable Expense as a % of Sales 66 2/3 75 50
Interest expense Rs. 200 Rs. 300 Rs. 1,000
Degree of Operating Leverage 5 6 2
Degree of Financial Leverage 3 4 2
Income tax rate 0.50 0.50 0.50
(a) Prepare income statements for A, B and C Companies
(b) Comment on the financial position and structure of these companies.
Q.3: Write a short note. (Any two) (2*2 = 04 Marks)
1) Emerging areas of Accounting
2) Uses of fund flow statement
3) Importance of Ratio Analysis
4) Operating Leverage
Q-4: Do as directed: (0.5*6= 03 Marks)
1) Master Budget is:
(a) Expansion of all budgets
(b) Total of all budget
(c) Summary of all budget
(d) None of above
2) Fund Flow Statement and Cash Flow Statement are presented to –
(a) Managing of Directors
(b) Board of Directors
(c) Purchase Manager
(d) Marketing Manager
3) Operating Cycle is of _______
(a) 3 Months
(b) 6 Months
(c) 12 Months
(d) Subjective but normally 12 months
4) A Company’s Operating Income is:
(a) Gross profit – Operating Expense
(b) Operating Expense – Gross Profit
(c) Net Income – taxes
(d) Revenues – Cost of Goods sold
5) Financial Statements are part of
(a) Book-Keeping
(b) Management Accounting
(c) Accounting
(d) Cost Accounting
6) The determination of expenses for an accounting period is based on the principle of
(a) Prudence
(b) Materiality
(c) Matching
(d) Going Concern

Dr. Babasaheb Ambedkar Open University (BAOU) MBA Solved Assignment