PYQ — Managerial Accounting

E2 EC2 — Mid-Semester Test

Course No.:MBA ZC415 / PDFI ZC415

Weightage:30%

Duration:2 Hours

Type:Closed Book

Date:20 December 2025 (AN)

Questions:4 questions

Question 1 10 marks

On January 1, 2025, Zensar Ltd. set up Yellow.ai — An artificial intelligence Company, and concluded the following activities during the first month. Analyze the impact or no effect of the following activities on the Statement of Sources and Application of Funds (Balance Sheet).

Transactions

Zensar invested US $30,000 cash in the company’s share capital.
Bought five laptops for cash, $10,000 for office use.
Spent on conveyance (office vehicle) for $1,000 on payment of $800; balance to be paid in two weeks.
Received advance payment from a customer (Innowise Group), $22,000.
Bought stationeries for office on credit of $2,000.
Received cash for services provided $15,000.
Billed customer (AE Studio) for services $7,200.
Paid office electricity bill of $3,000.
Paid the amount due in (c) $200.
Collected payment from customers billed in (g) $3,900.
Provided services to the customer Innowise Group in (d).

Question 2 6 marks

As a business manager, what would be your learnings when you analyse the following ledgers:

Sales/Revenue Ledger
Goods Purchase Ledger
Expense Ledger

Question 3 6 marks

Define the Going Concern Concept. Why is it important in preparing financial statements?
State two reasons why the Business Entity Concept is fundamental to accounting.
What is the difference between the Accrual Concept and the Cash Basis of Accounting?

Question 4 6 marks

Explain the concept of accounting and its importance.

Explain concept, components and significance of financial and management accounting.

E3 EC3 — Comprehensive Exam

Course No.:MBACCZG502

Weightage:40%

Duration:2 Hours 30 Minutes

Type:Open Book

Date:28 February 2026 (AN)

Questions:3 questions (2 pages)

Question 1 20 marks

Match the financial data given in case Exhibit-1 with the list of industries given in case Exhibit-2 and identify organization(s), with appropriate reasons, to their respective industry category provided in Exhibit-2.

Note: Use financial data, ratios and pattern analysis to identify the industry to which company A, B, C, D, E, F, G, H, I and J belong to.

Exhibit-1: Financial Data (Year ended 31st March 2017, Rs. in Million)

Metric	A	B	C	D	E	F	G	H	I	J
Sales	123,796	410,575	499,185	94,821	271,935	19,295	443,410	17,246	865,789	1,536,362
Total expenses	118,541	394,746	443,101	85,295	255,929	26,137	367,420	16,234	719,517	1,457,915
Raw materials, stores & spares	20,028	176,382	--	23,442	184,276	--	210	3,976	41,961	--
Purchase of finished goods	2,329	--	206	7,734	--	--	0	672	31	--
Total operating expenses	108,295	339,964	328,726	78,277	237,881	15,533	323,190	14,839	629,882	1,219,964
Reported profit after tax	10,930	34,608	66,002	13,883	21,091	-5,898	101,941	1,258	209,257	108,912
Net fixed assets	55,040	46,929	398,782	35,242	22,433	16,974	57,320	5,288	799,242	77,165
Inventories	11,215	97,976	11	25,112	6,696	402	0	324	57,044	0
Sundry debtors & bills receivable	7,329	438,029	46,635	19,251	10,008	1,717	112,290	109	104,287	315,492
Cash & bank balances	6,034	118,729	4,953	464	1,175	444	250,770	232	132,186	1,325,496
Short-term loans & advances	12,262	113,321	293,563	23,023	21,318	16,224	26,579	1,299	683,164	12,217,092
Total assets	123,517	843,780	1,120,348	142,730	112,196	69,373	532,110	8,830	2,228,653	17,945,700
Current liabilities & provisions	37,463	487,495	323,624	29,538	53,277	12,828	108,160	2,571	770,541	935,751
Sundry creditors	7,093	94,096	62,663	10,069	22,906	1,967	680	2,204	82,638	0
Shareholders’ funds	76,248	330,471	654,451	100,826	55,999	26,891	421,920	5,635	1,229,674	1,831,005
Borrowings	350	27,332	103,054	9,163	2,043	26,906	0	144	1,182,923	1,831,005

Key Ratios

Ratio	A	B	C	D	E	F	G	H	I	J
Collection period (days)	21.62	389.41	34.10	74.10	19.43	32.47	92.43	2.31	43.97	74.95
Payment period (days)	115.80	194.72	111.57	117.89	45.37	37.21	1,181.90	175.07	718.31	7.91
Days in inventory	33.08	87.10	0.01	99.68	8.99	7.60	0.00	6.86	24.05	0.00
Fixed asset turnover	2.25	8.75	1.25	2.69	12.12	1.14	7.74	3.26	1.08	19.91
Current ratio	0.96	1.58	1.07	2.30	0.74	1.46	3.60	0.76	1.27	14.81
Profit after tax margin	0.0883	0.0843	0.1322	0.1464	0.0776	-0.3057	0.2299	0.0729	0.2417	0.0709

DuPont Analysis

Component	A	B	C	D	E	F	G	H	I	J
Profitability margin	0.0883	0.0843	0.1322	0.1464	0.0776	-0.3057	0.2299	0.0729	0.2417	0.0709
Total asset turnover	1.00	0.49	0.45	0.66	2.42	0.28	0.83	1.95	0.39	0.09
Equity multiplier	1.58	2.56	1.69	1.42	2.00	2.58	1.26	1.51	1.81	9.17
Return on equity	0.1397	0.1047	0.0950	0.1377	0.3766	-0.2193	0.2422	0.2233	0.1702	0.0921

Exhibit-2: List of Industries

Industry	Products/Services Offered
Cement	Clinker, Grey Cement, Ready-Mix Concrete
Retail Food	Bakery Products, Beverages, Desserts, Dips (Service)
Oil and Gas	Crude Oil, Natural Gas, LPG, Naphtha, Kerosene
Hospitality	Rooms, Restaurants, Other Facilities
Automobile (Two-Wheeler)	Motorcycles, Scooters, Spares
Telecommunications	Mobile Telephone Services
Banking	Financial Services
Information Technology	Software Development Services
Pharmaceutical	Chemicals, Salts, Liquids, Injections, Tablets, Capsules, Creams
Heavy Engineering	Thermal/Hydro/Gas-Based Turnkey Power Projects; Substation Projects; Rehabilitation Projects; Transformers; Compressors; Motors; Valves; Oil Field Equipment; Electrostatic Precipitators; Photovoltaic Equipment; Insulators; Heat Exchangers; Switchgears; Castings and Forgings

Question 2 10 marks

The sales and profit of Incubator Ltd. during two years period have been as follows:

Particulars	2023-24	2024-25
Units sold	10,000	15,500
Sales	Rs. 2,50,000	Rs. 3,87,500
Profit / Loss	Rs. 50,000	Rs. 80,000

Based on the above information on sales and profit/loss, you are required to determine the following:

The amount of fixed costs incurred by the company.
The break-even point (BEP) for the company (in rupee and unit terms).
The amount of sales to earn a profit of Rs. 5,00,000.

Approach: CVP (Cost-Volume-Profit) Analysis / Break-Even Analysis.

Question 3 10 marks