problem 1) Answer all the problems:

1) describe the responsibilities of management accountant.

2) What do you mean by comparative financial statement?

3) describe fund flow statement in detail?

4) Describe the uses of mean, mode and median.

5) describe the main object of dispersion.

problem 2) Describe statistics. Describe their characteristics and limitations.

problem 3) prepare a brief note on:

a) Analysis of financial statement.

b) Cash Flow Statement.

problem 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.