NATIONAL OPEN UNIVERSITY OF NIGERIA
14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS
SCHOOL OF MANAGEMENT SCIENCES
MARCH/APRIL 2014 EXAMINATION
Course Code: TSM 341 Credit Unit: 2
Course Title: FINANCIAL ACCOUNTING AND MANAGEMENT FOR HOSPITALITY AND TOURISM MANAGEMENT
Time Allowed: 2Hrs
Instruction:
Attempt any three questions of your choice.
Present your answer legibly and logically using relevant examples.
All questions carry equal marks except question one. Question one is compulsory.
1. (a) List and explain with examples the two major categories of accounts of a Ledger. 20marks
(b) What are the implications of sales inability to the hospitality and tourism industry? 10marks
2. What are the three major qualities of accounting information? 20marks
3. (a) State the accounting equation in three ways. 6marks
(b) Give seven examples of Source Documents. 14marks
4. (a) What are the reasons for people wanting to form a partnership?
10marks
(b) List and discuss the characteristics of a partnership. 10marks
5. (a) Enumerate the major assumptions behind break-even analysis 10marks
(b) List and explain the methods of Investment Appraisal 10marks
You can get the soft copy for this course (2014 – to date) at a little token or the exam summary answers for this course from 08039407882
Exam summary sample below
