1.1 PRINCIPLES OF MANAGEMENT
1. “A large business firm cannot function smoothly without co-ordination.” Discuss the statement with illustrations. 2. “A misconceived and incapable leader may take his followers to dangers of life” – Discuss in details. 3. “Modern business organization revolves around profit motive only”. Critically evaluate the statement in relation to Corporate Social Responsibility. 4. “MBO plays a major role in planning process” – Critically analyse the statement in detail with live examples.
1.2 FINANCIAL AND MANAGEMENT ACCOUNTING
1. “Accounting provides information to various users.” Discuss accounting as an information system. 2. Discuss the role and contribution of the professional accounting institutions in the development of accounting in 20th century. 3. Discuss the relationship of accounting with other important branches of knowledge including economics. 4. From the following information, prepare the Balance Sheet of X Company showing the details of working: | |Rs. |Rs. | |Paid up Capital | |50,000 | |Plant and Machinery | |1,25,000 | |Total Sales p.a. | |5,00,000 | |Gross Profit Margin | |25% | |Annual Credit Sales | |80% of | | | |Net Sales | |Current Ratio | |2 | |Inventory Turnover | |4 | |Fixed Assets Turnover | |2 | |Sales Returns | |20% of | | | |Sales | |Average...
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