IGNOU MCO-05 December 2024 Previous Year Question Paper

Q1.Discuss in brief the basic accounting concepts and accounting standards.

Q2.The following is the Trial Balance of Mr. Mahesh as 31st December, 2022. Prepare Trading and Profit & Loss Account for the year ended 2022 and Balance Sheet as on 31st December, 2022 : 20 Dr. ` Purchases 1,80,000 Opening Stock 10,000 [ 2 ] MCO–05 Salaries Less Provident Fund 5,400 Drawings 5,000 Provident fund remittances including Proprietor’s contribution 50% 1,200 Rent ` 250 per month 2,750 Machinery 29,000 Wages 3,000 Furniture and Fittings 5,000 Electricity 550 Trade Expenses 1,500 Debtors 10,500 Interest on Loan 900 Commission 200 Building 30,000

Q3.85,000 Sales 2,05,000 Loan (10% interest) 10,000 Creditors 15,000 Capital 55,000

Q4.85,000 [ 3 ] MCO–05 Wages include ` 1,000 paid for machinery erection charges. Purchases include cost of moped scooter for ` 5,000 and the goods costing ` 1,000 taken by the proprietor for this personal use for which no entry has been made. Electricity bill outstanding ` 50. Goods costing ` 5,000 were destoyed by fire and insurance claim was received for ` 4,000. Provide depreciation at 10% on machinery, fu rniture and moped. A lso provide depreciation 5% on building. Closing stock is ` 12,000.

Q5.How does cash flow statement differ from funds flow statement ? What are the uses of cash flow statement ?

Q6.Explain in brief the different types of budget s with examples.

Q7.What do you understand by zero base d budgeting ? How is it different from traditional budgeting ? 10+10 [ 4 ]

Q8.(a) Define Variance. What is Variance Analysis ? 10

(b) Write a short note on the uses of Variance Analysis.

Q9.Explain the application of marginal costing in managerial decision-making.

Q10.Explain different types of reports that are used in an enterprise. 20 [ 5 ] MCO–05 okf.kT; eas LukrdksÙkj mikf/ (,e- dkWe-) l=kkar ijh{kk fnlEcj] 2024 ,e-lh-vks-–05 % izcU/dh; fu.kZ;ksa ds fy, ys[kkadu le; % 3 ?k.Vs vf/dre vad % 100 uksV % fdUgha ik¡p iz'uksa ds mÙkj nhft,A lHkh iz'uksa ds vad leku gSaA 1- vk/kjHkwr ys[kkadu fl¼kUrksa vkSj ys[kkadu ekudksa dh la{ksi esa O;k[;k dhft,A 20 2- 31&12&2022 dks Jh egs'k dk ryiV fuEufyf[kr FkkA 2022 dks lekIr gksus okys o"kZ ds fy, O ;kikfjd [ 6 ] MCO–05 vkSj ykHk &gkfu ys[kk vkSj 31&12& 2022 dks vkfFkZd fpV~Bk Kkr cukb, % 20 Dr. ` [kjhnkjh 1,80,000 izkjfEHkd LVkWd 10,000 izkWfoMsaV iQaM ?kVkdj osru 5,400 vkgj.k 5,000 ekfyd ds ;ksxnku 50% lfgr izkWfoMsaV iQaM ;ksxnku 1,200 ` 250 izfrekg dh nj ls fdjk;k 2,750 e'khujh 29,000 etnwjh 3,000 iQuhZpj vkSj fiQfVaXl 5,000 fctyh 550 [ 7 ] MCO–05 O;kikj [kpZ 1,500 nsunkj 10,500 dtZ ij C;kt 900 deh'ku 200 Hkou 30,000

Q12.85,000 [ 8 ] MCO–05 etnwjh esa e'khujh LFkkfir djus ds fy, pqdk;s ` 1]000 lfEefyr gSaA [kjhnkjh esa eksisM LdwVj dh ykxr ` 5]000 vkSj ekfyd }kjk Lo;a ds bLrseky ds fy, [kjhns x;s lkeku dk ewY; ` 1]000 ftldh dksbZ izfof"V ugha gS] lfEefyr gSaA fctyh fcy cdk;k ` 50A vkx ls ` 5]000 ykxr dk lkeku u"V gks x;k vkSj mldk chek eqvkotk ` 4]000 izkIr gqvkA e'khujh] iQuhZpj vkSj eksisM dk 10% voewY;u n'kkZb,A blds vfrfjDr Hkou dk voewY;u Hkh 5% n'kkZb,A vfUre LVkWd ` 12]000 gSA 3- jksdM+ izokg fooj.k fuf/ izokg fooj.k ls fdl izdkj fHkUu gS \ jksdM+ izokg fooj.k ds D;k mi;ksx gSa \ 10+10 4- fofHkUu izdkj ds ctVksa dk mnkgj.k lfgr laf{kIr fooj.k nhft,A 20 [ 9 ] M CO–05 5- 'kwU; vk/kfjr ctVhdj.k ls vki D;k le>rs gSa \ ;g ijEijkxr ctfVax ls fdl izdkj fHkUu gS \10$10 6-

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