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Discuss the various survey methods to forecast demand. 10 marks
Q1. Discuss profit maximising model in detail. 10 marks
Write the differences between absorption costing and marginal costing.
Q4. Following is the balance sheet for the period ending 31st March 2006 and 2007. If the current year’s net loss is Rs.38,000, calculate the cash flow from operating activities.
Short-term loan to employees
Provision for doubtful debts
Stock in trade
Hint: Net cash lost in operating activities (69800)
Q2. Distinguish between management accounting and financial accounting.
Q3. Draw the Balance Sheet for the following information provided by Sarawath 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
Hint: B/S total 1100000
Q1. An accountant finds that the trial balance of his client did not tally and it showed an excess credit of Rs. 69.74. He transferred it to a suspense account and later discovered the following errors.
a) Rs. 44.37 paid to Anand has been credited to his account as Rs. 34.37.
b) A purchase of Rs. 145.50 has been posted as Rs. 154.50 to the purchases account.
c) An expenditure of Rs. 158 on repairs has been debited to the buildings account.
d) Rs. 80 was allowed by B as discount which has not been entered in the books.
e) A sum of Rs. 125.05 realised on the sale of old furniture has been posted to the sales account.
Give journal entries to rectify the errors and show the suspense account as it would appear after adjustments
Hint: Total of suspense a/c = 78.74
i) Test whether the mean productivity is the same for the four different machine types.
ii) Test whether 5 men differ with respect to mean productivity.
Define trend. Enumerate the methods of determining trend in time series
What do you mean by cost of living index? Discuss the methods of construction of cost of living index with an example for each.