MBA Finance

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MBA- 3 SEM Management of banking &financial institutions
Section A- (10x3) Q.1 What is SFC? Q.2. What do you mean by M.T? Q.3 What is hypothecation? Q. 4 What is fixed deposit? Q.5 What is minor? Q.6 What is cash credit? Q.7 What do you mean by overdraft? Q.8 What do you mean by cheque? Q.9 What is a Passbook? Q.10 Explain DIC Section B- (5x9) Section B- (5x12) Q.1 What are the general principles which should guide a banker in making loans advances to a customer? Q.2 The following is the trial balance of Kamal enterprises for the year ended 31st December 2007. You are required to prepare a profit and loss a/c and balance sheet after taking into account the adjustments given below.
Debit Balances Cash in hand Cash at Bank Office furniture 500 1,200 6,000 Rs Credit balances. Sales Purchase returns Accounts payable Rs 1,50,300 5,000 12,000

Accounts Receivables Commission Bills Receivables Power and fuel Plant and machinery Office expenses Carriage inwards Carriage outwards Rent, rates and taxes Leasehold premises Wages Salaries Opening inventory Sales returns Purchases Drawings

15,000 1,200 3,500 6,000 24,000 2,000 1,200 3,500 1,700 25,000 30,000 7,000 12,000 2,000 60,000 7,000
2,08,800

Bills payable Discount Received Dividend received Rent received Capital.

8,000 1,000 2,000 3,500 27,000

2,08,800

Adjustments: 1. Closing Inventory as on 31 .12. 2007 Rs 18,000. 2. Depreciate plant and machinery at 10% 3. Salaries outstanding Rs 1000: Power and fuel outstanding, Rs 2,000 4. Rs 5000 was spent on erection of plant and machinery, but wrongly included under wages. 5. Provide for bad and doubtful debts for Rs 1,500 6. Discount earned but not received Rs 100 7. Commission due but not received Rs 200

8. Rent received includes Rs 500 received in advance. Q.3. From the following data you are required to calculate the break-even point and the net sales values at this point. Selling price per unit Direct material cost per unit Direct labour cost per unit Fixed overheads Rs.25 Rs 8 Rs. 5 Rs. 24000

Variable overhead @ 60% on direct labour and trade is discount 4 % If sales are 15% and 20 % above the break-even volume determine the net profit Q.4. What are the various branches of accounting? What are the objectives of the
financial accounting?

Q.5 Explain the principles of accounting with a suitable examples.

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