— Summer 2025

What is Management Accounting? How Management Accounting is different from Financial Accounting?

Pass journal entries for the following transactions. Started business with cash 7,75,000/- Opened bank account with Axis bank 75,000/- Purchased goods of Rs 16,500/- Paid travelling expense 1250/- Sold goods of Rs 9650/- to Mr Ramlal Paid electricity bill of Rs 2250/- by cheque Received 50% amount from Ramlal Purchase goods of Rs 8400/- Paid salary 4500/- Paid rent 2000/-

Calculate Current Ratio, Quick Ratio, and stock turnover Ratio from the following information? Cash 30500/- sales 5, 60,000/- Bank 1, 25,000/- G.P. on sale 20% Debtor 7,500/- opening stock 65,000/- Creditors 4,000/- closing stock 15,000/- Prepaid exp 2,500/- o/s exp. 3000/-

What is Cash flow statement? Draw the format of cash flow statement as per Accounting Standard -3

Prepare common size balance sheet of Raj Co. Ltd. as at March 31, 2016 and March 31, 2017 from the given information: Particulars 2017 2016 Equity and Liabilities 1. Shareholders’ Fund

Share capital 20,00,000 15,00,000

Reserve and surplus 3,00,000 4,00,000 2. Non-current liabilities 9,00,000 6,00,000 Long-term borrowings 3. Current liabilities 3,00,000 2,00,000 Trade payables 35,00,000 27,00,000 Total II. Assets 1. Non-current assets

Fixed assets 20,00,000 15,00,000 – Tangible assets 9,00,000 6,00,000 – Intangible assets 2) Current assets 3,00,000 4,00,000 – Inventories 3,00,000 2,00,000 – Cash and cash equivalents 35,00,000 27,00,000 Total

What do you understand by Indian Accounting Standards (Ind AS) ? Discuss the major features and benefits of Indian Accounting Standards .

Fast company has purchased a plant to manufacture a new product, the cost data for which is given below estimated annual sales is 24,000 units. Estimated cost is given as follows. Material Rs. 4 per unit Direct Labour Rs. 0.60 per unit Factory overhead Rs. 24,000 units Administrative overhead Rs. 28,800 per year Selling Expenses 15% of sales Calculate the selling price if the profit per unit is Rs. 1.02. Prepare the cost sheet showing the breakup of the cost at each stage.

What is Unit Costing? Discuss the importance of unit costing.

Aproduct of a factory passes through three processes from the following particulars. Find out the process wise cost for the month ending 31st march, 2020. Processes I II III Material 40,000 20,000 16,000 Wages / Labour 32,000 16,000 8,000 Direct Expenses 12,000 6,000 4,000 Indirect Expenses amount to rupees 28,000. There is no opening and closing stock in the beginning and closing of the month. Units producing during the month are 1,000.

What is Break Even Point? Discuss the importance of Cost- Volume Profit Analysis

The following trial balance is extracted from the books of M/s Ram on March 31, 2017. You are required to prepare trading and profit and loss account and the balance sheet as on date : Account Title Amount Account Title Amount Debtors 12,000 Apprenticeship Premium 5,000 Purchases 50,000 Loan 10,000 Coal , Gas and Water 6,000 Bank Overdraft 1,000 Factory Wages 11,000 Sales 80,000 Salaries 9,000 Creditors 13,000 Rent 4,000 Capital 20,000 Discount 3000 Advertisement 500 Drawings 1,000 Loan 6,000 Petty 500 Sales Return 1,000 Machinery 5,000 Land & Building 10,000 Income Tax 100 Furniture 9,900

Company Background: ABC Ltd. is a manufacturer of widgets. The company has a fixed cost of $100,000 per month, and each widget is sold for $50. The variable cost per widget is $30. Objective: The management wants to determine the break-even point and evaluate the impact of changes in sales volume, selling price, and costs on profitability. Given Data: - Selling price per widget: $50 - Variable cost per widget: $30 - Fixed cost per month: $100,000 - Current sales volume: 6,000 widgets per month

Calculate the break-even point in units and dollars.

Determine the profit or loss if the company sells 6,000 widgets per month.

Calculate the sales volume required to achieve a target profit of $50,000 per month.

What are the major components of Cost - Volume Profit Analysis ? Discuss.