Management of Accounting New

MA-1

Page 1 of 55
Management of Accounting New

Page 2 of 55
Management of Accounting New

Page 3 of 55
Management of Accounting New

Page 4 of 55
Management of Accounting New

Page 5 of 55
 Management of Accounting New

MA-2

Page 6 of 55
Management of Accounting New

Page 7 of 55
Management of Accounting New

Page 8 of 55
Management of Accounting New

Page 9 of 55
Management of Accounting New

Page 10 of 55
 Management of Accounting New

MA-3 From NET

Page 11 of 55
Management of Accounting New

Page 12 of 55
Management of Accounting New

Page 13 of 55
Management of Accounting New

Page 14 of 55
Management of Accounting New

Page 15 of 55
Management of Accounting New

Page 16 of 55
Management of Accounting New

Page 17 of 55
Management of Accounting New

Page 18 of 55
Management of Accounting New

Page 19 of 55
 Management of Accounting New

OTHER QUESTIONS OF THE ASSIGNMENT ARE GIVEN BELOW.

Multiple Choice Multiple Answer

Question You have received tenders from two suppliers - X & Co. and Y & Co. The details regarding price and other terms
and conditions are as follows : X & Co. : Price Rs.5/- per unit;
trade discount 15% and cash discount 4% if bills are paid within a fortnight; freight Rs.2/- per
100 units. Y & Co. : Price Rs.4/- per unit upto 2,000 units; no cash discount but 15% per annum
interest is charged if bills are paid within a fortnight from receipt of materials; freight Rs.3/-
per 100 units. 10,000 units are required every month. The organization pays 50% of total monthly bills every fortnight.
Compare the total cost for the organization for transacting with X & Co. and Y & Co. and advise the supplier with whom
the order should be placed.

Correct answer Cost to the organization :Y & Co. -Rs.40,425.94 , Order should be placed with Y & Co. , Total cost is
lower with Y & Co.

****

Multiple Choice Multiple Answer

Question Items debited to Profit & Loss Account are…
Correct answer Postage & telegram , Salary , Discount allowed

*****

Select The Blank

Question Payment by ________ method lowers the cost of production through their impact on
fixed costs.

Correct answer Results

****

Question According to Reducing Balance Method, the depreciation is provided at a predetermined percentage on the
balance of cost of asset after deduction of the depreciation previously charged.

Correct answer True

*****
Select The Blank
Question: Generally, all real accounts will have a ________ balance
Correct answer: Debit

Page 20 of 55
 Management of Accounting New

***

Multiple Choice Single Answer

Question Debtors as on 31st March, 2004 stood as Rs.75,400/-. Out of this amount, Rs.15,884/- is receivable from ABC
& Co. Also, Rs.21,555/- included in the creditors, indicates amount due to ABC & Co. Total creditors as on 31st March,
2004 = Rs.88,466/-. Find the amount of debtors and creditors that should be disclosed in the balance sheet as on 31st
March, 2004.
Correct answer Debtors - Rs.59,516/-; Creditors - Rs.66,911/-

****

Select The Blank

Question For successful implementation of uniform costing system, it is very essential to devise ________,
containing recommended cost accounting plan and procedures.
Correct answer cost manual

*****

Select The Blank

Question: Generally, all real accounts will have a ________ balance
Correct answer: Debit

*****

Multiple Choice Multiple Answer

Question The advantages of Halsey plan are :

Correct answer
Bonus goes on increasing with increase in time saved. ,
Provides more incentive to speed up production,
Guaranteed time rate payment is made

****
Question Revenues are more than the differential costs, then the proposed
project should be ________
Correct answer accepted

***
True/False
Question: Receipts and payments method of cash budget is useful for preparing long term estimates.
Correct answer: False

MA-4
Management of Accounting Online Assignment

Page 21 of 55
Management of Accounting New

Page 22 of 55
Management of Accounting New

Page 23 of 55
Management of Accounting New

Page 24 of 55
Management of Accounting New

Page 25 of 55
Management of Accounting New

Page 26 of 55
Management of Accounting New

Page 27 of 55
 Management of Accounting New
MA-5

Page 28 of 55
Management of Accounting New

Page 29 of 55
Management of Accounting New

Page 30 of 55
Management of Accounting New

Page 31 of 55
Management of Accounting New

Page 32 of 55
Management of Accounting New

Page 33 of 55
Management of Accounting New

Page 34 of 55
 Management of Accounting New

MA-6

Page 35 of 55
Management of Accounting New

Page 36 of 55
Management of Accounting New

Page 37 of 55
Management of Accounting New

Page 38 of 55
Management of Accounting New

Page 39 of 55
Management of Accounting New

Page 40 of 55
 Management of Accounting New

MA-7

Page 41 of 55
Management of Accounting New

Page 42 of 55
Management of Accounting New

Page 43 of 55
Management of Accounting New

Page 44 of 55
Management of Accounting New

Page 45 of 55
Management of Accounting New

Page 46 of 55
 Management of Accounting New

MA-8

Page 47 of 55
Management of Accounting New

Page 48 of 55
Management of Accounting New

Page 49 of 55
Management of Accounting New

Page 50 of 55
Management of Accounting New

Page 51 of 55
Management of Accounting New

Page 52 of 55
Management of Accounting New

Page 53 of 55
 Management of Accounting New

MA-9 (Only Few Questions)

Page 54 of 55
Management of Accounting New

Page 55 of 55