BE9-R3: ACCOUNTING AND FINANCIAL MANAGEMENT
Time: 3 Hours
Total Marks: 100
Fill in the blanks:
An amount that is to be collected from the debtors and the firm is unable to
collect the same is known as ________.
Time value of money means ________.
An Accounting Principle that makes a distinction between the firm and the owner
is known as ________.
A discount that is offered to motivate the debtors to make an early payment is
“Present value of Re. 1 after one year is that amount, received today by a person, which
makes him indifferent to Re. 1 after one year. All reserves created by a firm out of profits
appear on the assets side of the Balance Sheet”. State with reason if the statement is
true or not.
What are PV Ratio and Internal Rate of Return? Explain briefly.
Adjustment entries always affect Profit and Loss A/C and Balance Sheet simultaneously.
Justify the statement.
What are the limitations of Cost-Volume-Profit Analysis?
Distinguish any one of the following:
Balance Sheet and Trial Balance
Fixed Cost and Variable Cost
Write short note on any one of the followings:
Money Measurement Concept
The following are the summarised Trading and Profit & Loss Account of the XYZ Limited
for the year ending on March 31, 2003 and the Balance Sheet as on that date:
Trading and Profit & Loss Account of XYZ Limited for the year ending on March 31, 2003
10,90,500 Closing Stock
3,00,000 Gross Profit
Selling and Distribution Expenses
60,000 Profit on the sale of Marketable
30,000 Other Non-operating Incomes
Loss on the sale of Assets
Page 1 of 5
Answer question 1 and any FOUR questions fr