MBA SMU Question Papers

Can you provide me previous year question paper Financial and Management-Accounting of Master of Business Administration course offered by Sikkim Manipal University?

[Kiran Chandar]

The previous year question paper Financial and Management-Accounting of Master of Business Administration course offered by Sikkim Manipal University is as follows:

1. What is the relationship between book keeping and accounting?
a. Both are concerned with recording economic data
b. Accounting stops, book keeping starts
c. Book keeping is concerned with recording transactions while accounting is measuring, analyzing and communicating the financial data
d. They are synonymous.

2. Identify financial transaction in the following list
a. Formulating a bonus policy
b. Discussion on discontinuation of production of a product
c. Receiving royalty for the minerals extracted
d. A wordy warfare between employees and management about wages.

3. The object of financial Accounting is not
a. To prepare future financial plans
b. To prepare and communicate final accounts
c. To record all transactions and interpret the financial data
d. To take into consideration the historical data

4. What is a credit transaction?
a. Transaction to transfer goods from one to another
b. Transaction with a promise to pay for the goods at a future date
c. Transaction, where customers has already paid the price and the goods are due to be sent
d. Transaction where goods are promised to be transferred and the price promised to be paid.

5. What do you mean by a concept?
a. Reasonable assumption
b. A willful prediction
c. Universal characteristic
d. A regulated condition

MBA SMU Question Paper