Question 1) Answer all the questions:
1) Explain the responsibilities of management accountant.
2) What do you mean by comparative financial statement?
3) Explain fund flow statement in detail?
4) Describe the uses of mean, mode and median.
5) Explain the main object of dispersion.
Question 2) Describe statistics. Describe their characteristics and limitations.
Question 3) Write a brief note on:
a) Analysis of financial statement.
b) Cash Flow Statement.
Question 4) From the following Balance sheet and additional information, create cash flow statement:
Liabilities 2010 2011 Assets 2010 2011
Share Capital 60,000 67,500 Fixed Assets 30,000 42,000
Creditors 15,000 22,500 Stock 15,000 10,500
P&L a/c 22,500 34,500 Debtors 45,000 67,500
Outstanding exp. 4,500 7,500 Cash 7,5000 9,000
Income received in advance 3,000 1,500 Prepaid expenses 4,5000 3,000
Deferred expenses 3,000 1,500
1,05,000 1,33,500 1,05,000 1,33,500
An old machine has been sold for Rs 6,000. The written down value of the machine was Rs 4500. Dividend Rs. 6,000 has been paid during the year and Rs. 3,000 depreciation has been charged.