Download PTU (I.K. Gujral Punjab Technical University Jalandhar (IKGPTU) ) MCA (Master of Computer Application) 2020 March 1st Sem 26045 Accounting And Financial Management Previous Question Paper
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
MCA (2014 Batch) (Sem.?1)
ACCOUNTING & FINANCIAL MANAGEMENT
Subject Code : MCA-104
M.Code : 26045
Time : 3 Hrs. Max. Marks : 100
INSTRUCTION TO CANDIDATES :
1. SECTIONS-A, B, C & D contains TWO questions each carrying TWENTY marks
and students has to attempt any ONE question from each SECTION.
2. SECTION-E is COMPULSORY consisting of TEN questions carrying TWENTY
marks in all.
SECTION-A
1. Explain in brief sole Proprietary concern and partnership with example.
2. From the following balances, prepare the profit and loss account and balance sheet of IS
Traders as on 31, 2013.
Particular Debit Balance Particular Credit Balance
Drawings 6,300 Capital 1,55,000
Cash at Bank 14,000 Discount Received 3,150
Bills Receivables 1,900 Loans 10,000
Land & Building 42,600 Purchase Return 2,500
Furniture 5,140 Sales 2,90,000
Discount Allowed
4,000
Reserve for Bad
debts
5,650
Bank charges 200 Creditors 18,670
Salaries 6,520
Purchases 2,05,000
Stock Opening 60,000
Sales Return 1,910
Carriage 5,190
Rent & Taxes 7,750
General Expenses 3,610
Plant & Machinery 31,700
Book debts 82,480
Bad debts 1,460
Insurance 4,850
4,84,970 4,84,970
Closing Stock is Rs. 70,000
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1 | M-26045 (S14)-1274
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
MCA (2014 Batch) (Sem.?1)
ACCOUNTING & FINANCIAL MANAGEMENT
Subject Code : MCA-104
M.Code : 26045
Time : 3 Hrs. Max. Marks : 100
INSTRUCTION TO CANDIDATES :
1. SECTIONS-A, B, C & D contains TWO questions each carrying TWENTY marks
and students has to attempt any ONE question from each SECTION.
2. SECTION-E is COMPULSORY consisting of TEN questions carrying TWENTY
marks in all.
SECTION-A
1. Explain in brief sole Proprietary concern and partnership with example.
2. From the following balances, prepare the profit and loss account and balance sheet of IS
Traders as on 31, 2013.
Particular Debit Balance Particular Credit Balance
Drawings 6,300 Capital 1,55,000
Cash at Bank 14,000 Discount Received 3,150
Bills Receivables 1,900 Loans 10,000
Land & Building 42,600 Purchase Return 2,500
Furniture 5,140 Sales 2,90,000
Discount Allowed
4,000
Reserve for Bad
debts
5,650
Bank charges 200 Creditors 18,670
Salaries 6,520
Purchases 2,05,000
Stock Opening 60,000
Sales Return 1,910
Carriage 5,190
Rent & Taxes 7,750
General Expenses 3,610
Plant & Machinery 31,700
Book debts 82,480
Bad debts 1,460
Insurance 4,850
4,84,970 4,84,970
Closing Stock is Rs. 70,000
2 | M-26045 (S14)-1274
SECTION-B
3. Define Financial Statement. Describe in brief various functional areas of financial
Management.
4. Given below in the Balance sheet of a limited company as on 31
st
March 2007.
Balance Sheet
Liability Amt Assets Amt
30,000 Equity shares of Rs. 100
each fully paid
30,00,000 Goodwill at Cost 10,00,000
15,000, 6% pref. Shares of Rs.
100 each fully Paid
15,00,000 Land & Building 43,00,000
Reserve fund 15,00,000 Plant & Machinery 40,00,000
Dividend equilation fund 5,00,000 Stock in Trade 20,00,000
5% Debentures 40,00,000 Sundry Debtors 15,00,000
Current Liabilities 10,00,000 Cash at Bank 3,50,000
Accured Income 1,50,000
1,15,00,000 1,15,00,000
Find out :
a) Debt. Equity Ratio
b) Solvency Ratio
c) Currents Assets to Net worth Ratio
d) Proprietary Ratio
e) Fixed Assets to net worth ratio
f) Total Assets to debt Ratio
SECTION-C
5. What is Costing? Explain its Characteristics and types of Relevant Costs and what Cost
are considered for decision-Making?
6. Define Standard Costing. Discuss its advantages, and applications.
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1 | M-26045 (S14)-1274
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
MCA (2014 Batch) (Sem.?1)
ACCOUNTING & FINANCIAL MANAGEMENT
Subject Code : MCA-104
M.Code : 26045
Time : 3 Hrs. Max. Marks : 100
INSTRUCTION TO CANDIDATES :
1. SECTIONS-A, B, C & D contains TWO questions each carrying TWENTY marks
and students has to attempt any ONE question from each SECTION.
2. SECTION-E is COMPULSORY consisting of TEN questions carrying TWENTY
marks in all.
SECTION-A
1. Explain in brief sole Proprietary concern and partnership with example.
2. From the following balances, prepare the profit and loss account and balance sheet of IS
Traders as on 31, 2013.
Particular Debit Balance Particular Credit Balance
Drawings 6,300 Capital 1,55,000
Cash at Bank 14,000 Discount Received 3,150
Bills Receivables 1,900 Loans 10,000
Land & Building 42,600 Purchase Return 2,500
Furniture 5,140 Sales 2,90,000
Discount Allowed
4,000
Reserve for Bad
debts
5,650
Bank charges 200 Creditors 18,670
Salaries 6,520
Purchases 2,05,000
Stock Opening 60,000
Sales Return 1,910
Carriage 5,190
Rent & Taxes 7,750
General Expenses 3,610
Plant & Machinery 31,700
Book debts 82,480
Bad debts 1,460
Insurance 4,850
4,84,970 4,84,970
Closing Stock is Rs. 70,000
2 | M-26045 (S14)-1274
SECTION-B
3. Define Financial Statement. Describe in brief various functional areas of financial
Management.
4. Given below in the Balance sheet of a limited company as on 31
st
March 2007.
Balance Sheet
Liability Amt Assets Amt
30,000 Equity shares of Rs. 100
each fully paid
30,00,000 Goodwill at Cost 10,00,000
15,000, 6% pref. Shares of Rs.
100 each fully Paid
15,00,000 Land & Building 43,00,000
Reserve fund 15,00,000 Plant & Machinery 40,00,000
Dividend equilation fund 5,00,000 Stock in Trade 20,00,000
5% Debentures 40,00,000 Sundry Debtors 15,00,000
Current Liabilities 10,00,000 Cash at Bank 3,50,000
Accured Income 1,50,000
1,15,00,000 1,15,00,000
Find out :
a) Debt. Equity Ratio
b) Solvency Ratio
c) Currents Assets to Net worth Ratio
d) Proprietary Ratio
e) Fixed Assets to net worth ratio
f) Total Assets to debt Ratio
SECTION-C
5. What is Costing? Explain its Characteristics and types of Relevant Costs and what Cost
are considered for decision-Making?
6. Define Standard Costing. Discuss its advantages, and applications.
3 | M-26045 (S14)-1274
SECTION-D
7. What is Computerised Accounting? Describe its advantages, importance and limitations
and computer programs for accounting.
8. How Computer based auditing is different from manual Auditing? Also explain the
process of Computer based audit.
SECTION-E
9. Write short note on :
a. Double Entry System
b. Why trail Balance is Prepared?
c. Profitability Ratio
d. Budgetary Control
e. Cash flow statement
f. Nature of Marginal Costing
g. Difference between Manual Auditing and Computer based Auditing
h. Financial Management
i. Going Concern concept
j. Partnership deed
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 22 March 2020