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4 The reports prepared in financial accounting are also used in the management accounting. But there are few major differences between financial accounting and management accounting. Explain the differences between financial accounting and management accounting in various dimensions. 5 Draw the Balance Sheet for the following information provided by Sandeep Ltd.. a. Current Ratio : 2.50 b. Liquidity Ratio : 1.50 c. Net Working Capital : Rs.300000 d. Stock Turnover Ratio : 6 times e. Ratio of Gross Profit to Sales : 20% f. Fixed Asset Turnover Ratio : 2 times g. Average Debt collection period : 2 months h. Fixed Assets to Net Worth : 0.80 i. Reserve and Surplus to Capital : 0.50 6 Write the main differences between cash flow analysis and fund flow analysis. Following is the balance sheet for the period ending 31st March 2011 and 2012. If the current year’s net loss is Rs.38,000, Calculate the cash flow from operating activities.

October 31, 2013 By: Meliza Category: 1st SEM

3 From the given trial balance, draft an Adjusted Trial Balance.

October 31, 2013 By: Meliza Category: 1st SEM

2 Write down a table with the accounts involved / the nature of account/its affects/ debit or credit. Please have the transactions given below and prepare the table as per the instructions given above for each transaction. a. 1.1.2011 Sunitha started his business with cash Rs. 5,00,000 b. 2.1.2011 Borrowed from Malathi Rs. 5,00,000 c. 2.1.2011 Purchased furniture Rs. 1,00,000 d. 4.1.2011 Purchased furniture from Meenal on credit Rs. 1,50,000 e. 5.1.2011 Purchased goods for cash Rs. 50,000 f. 6.1.2011 Purchased goods from Ram on credit Rs. 2,50,000 g. 8.1.2011 Sold goods for cash Rs. 1,25,000 h. 8.1.2011 Sold goods to Shyam on credit Rs. 55,000 i. 9.1.2011 Received cash from Shyam Rs. 25,000 j. 10.1.2011 Paid cash to Ram Rs. 90,000 A Filling in all the details in the table for all the transactions. Each transaction carries one mark(1*10=10)

October 31, 2013 By: Meliza Category: 1st SEM

1 Inventory in a business is valued at the end of an accounting period, at either cost or market price, whichever is lower. This is accepted convention or a practice in accounting. Give a small introduction on accounting conventions and elucidate all the eight accounting conventions.

October 31, 2013 By: Meliza Category: 1st SEM

6 a. What is analysis of variance? What are the assumptions of the technique? b. Three samples below have been obtained from normal populations with equal variances. Test the hypothesis at 5% level that the population means are equal.

October 31, 2013 By: Meliza Category: 1st SEM

5 Explain the Components of Time series.

October 31, 2013 By: Meliza Category: 1st SEM

4 a. What is a Chi-square test? Point out its applications. Under what conditions is this test applicable? b. Discuss the types of measurement scales with examples.

October 31, 2013 By: Meliza Category: 1st SEM

3 a. State the addition and multiplication rules of probability giving an example of each case. b. In a bolt factory machines A, B, C manufacture 25, 35 and 40 percent of the total output. Of their total output 5, 4 and 2 percent are defective respectively. A bolt is drawn at random and is found to be defective. What are the probabilities that it was manufactured by machines A, B and C? Answer:-

October 31, 2013 By: Meliza Category: 1st SEM

2 Analysis of daily wages of workers in two organisations A and B yielded the following results:

October 31, 2013 By: Meliza Category: 1st SEM

1 A statistical survey is a scientific process of collection and analysis of numerical data. Explain the stages of statistical survey. Describe the various methods for collecting data in a statistical survey.

October 31, 2013 By: Meliza Category: 1st SEM

Answer:- Definition of Statistical Survey

A Statistical Survey is a scientific process of collection and analysis of numerical data. Statistical surveys are used to collect information about units in a population and it involves asking questions to individuals. Surveys of human populations are common in government, health, social science and marketing sectors.

Stages of Statistical Survey: Statistical surveys involve two stages namely — Planning and Execution. Figure 2.1 shows the two broad stages of Statistical Survey (more…)

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October 02, 2013 By: Meliza Category: 1st SEM

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