This download link is referred from the post: JNTUH MBA 1st Sem Last 10 Year Question Papers (2010-2020) All Regulation-First Semester (JNTU Hyderabad)
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JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MBA I semester Examinations, December - 2018
FINANCIAL ACCOUNTING AND ANALYSIS
Time: 3 Hours Max.Marks:75
Note: This question paper contains two parts A and B.
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Part A is compulsory which carries 25 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.
PART - A
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Define Accounting. Give the Classification of Accounts. [5]
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What is meant by ‘Depreciation'? List out any three objectives of providing Depreciation. [5]
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Explain the concept of inventory Valuation. [5]
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What is meant by cash from Operations? How can it be determined? [5]
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Draw Du Pont Control Chart by providing required data. [5]
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5 × 5 Marks = 25
PART - B
5 × 10 Marks = 50
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Describe the meaning of “Accounting Principles", what are the essential features? [10]
OR
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Describe the managerial uses, applications and limitations of accounting. [10]
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From the following Trail Balance, Prepare the Trading and profit and Loss Account of Mr.Ramu for the year ended December 31, 2015 and the Balance sheet as on the Date
Particulars Debit Rs Credit Rs Ramu Capital 4,000 Plant and machinery 260 Office Furniture's and fittings 4,800 Stocks on January 1,2015 1,200 Sundry Debtors 4,470 Cash in Hand 40 Cash in bank 650 Motor Van 15,000 Wages 1,400 Purchases 21,350 Sales 48,000 Bills Receivable 720 Bills Payable 560 Sundry Creditors 5,200 Returns Inwards 930 Provision for doubtful debts 250 Drawings 700 Return outwards 550 Rent 600 Factory Lighting and heating 80 Insurance 680 General Expenses 250 Bad debts 200 Discount 650 420 The Following adjustments are to be made
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Stock on December 31, 2015, Rs:5,200/-
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3 months factory lighting and heating is due but not paid Rs:30/-
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5% Depreciations to be written off on furniture,
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Write off further bad debts Rs70. [10]
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OR
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India Ltd. charges depreciation on plant and machinery under Reducing balance System @ 15% Per Annum. On 1.4.2014 the balance in Ledger stood at Rs.4, 60,000. The following particulars are given relating to plant and machinery during three four years ended 31.3.2018
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1.9.2014 : A machine purchased for Rs.20,000 (Installation Expenses Rs.1,000) on 1.5.2012 was fully destroyed in an accident
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1.7.2015 : Purchased a new machine costing Rs.50,000 (Installation Expenses Rs.2,500) .A sum of Rs.30,000 was paid on the same date and balance was paid in May 2000
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31.8.2016 : Plant purchased on 1.4.2013 for Rs.30,000 (Installation Expenses Rs.1,500) was disposed off for Rs.36,000.
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1.11.2017 : Some old machineries (Book value on 1.4.2014 at Rs.10,000 )were sold for Rs.4,000
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Show the plant and machinery Account as would appear in books of the company for the four year ended 31.3.2018 assuming depreciation is charged proportionately even if the asset is sold or destroyed
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What are the ingredients necessary for calculating depreciation? [5+5]
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Balaji industries had an opening stock of 300 units of materials valued at Rs.600 Receipts and Issues during August 2017 were as follows
Received Issued Units Value (Rs) August 2 440 150 August 4 200 460 August 6 150 200 August 11 200 480 August 19 250 August 22 August 31 Show the stores ledger using LIFO Method.
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Describe the limitations of single entry system of accounting. [6+4]
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OR
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Shri Shankar keeps his book on single entry and following is disclosed from his records.
Particulars 31.12.06 RS 31.12.07 Rs Balance at bank (Cr)2,100 (Dr)5,600 Stock in trade 15,000 20,000 Sundry debtors 30,000 28,500 Furniture 5,000 5,000 Investments 5,000 5,000 Cash in hand 100 400 Sundry creditors 25,000 27,000 Bill payable 1,000 500 Loan from Dayalan 3,000 Shri Shankar transferred Rs.250 each month during first half year and Rs.200 each month for the remaining period from the business to his daughters banking account by way of drawings. In addition he withdraws Rs.5000 for his daughter's marriage and Rs.1000 for charitable purpose. He also withdraws goods worth Rs.5000. of which he invested into the business Rs.4000. he sold his private car Rs.3500 and proceeds were utilized for business.
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He wants his furniture to be depreciated at 10% and reserve for doubtful debts to be created at 5%.He does not paid two months' salary to his clerk @Rs.150 P.m/and two months' rent of shop was outstanding amounting to Rs.200. Commission earned but not yet received by him was Rs.2400, prepare statement of profit or loss for the year ending 31.12.07. [10]
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From the following data of national Auto Ltd. for the year 2015 and 2016, Prepare a cashflow statement:
Particulars 2015 Rs 2016 Rs Cash 2,000 2,500 Accounts receivable 2,400 2,700 Inventories 3,100 3,200 Other current assets 800 700 Fixed assets 5,000 5,800 Accumulated depreciation 2,100 2,500 Accounts payable 2,000 2,100 Long term debt 1,400 1,300 Equity capital 5,000 5,300 Retained earnings 2,800 3,700 The following additional information is also available
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Fixed assets costing Rs.1200 were purchased for cash.
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Fixed assets (Original cost of Rs.400 accumulated depreciation Rs.150 were sold for Rs.200.
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Depreciation for the year 2016 amounted to Rs.550 and duly debited to profit & loss account.
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Dividend paid amounted to Rs.300 in 2016.
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Reported income for 2016 was Rs.2400.
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OR
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Describe the advantages and limitations of cash flow analysis. [10]
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With the help of the following Ratios regarding Narmadha Tex, draw the Trading Profit and Loss A/C and Balance Sheet of the company for the year 2017
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Current Ratio : 2.5
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Liquidity Ratio : 1.5
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Net working capital : Rs.3,00,000
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Stock Turnover Ratio : 6 times (cost of sales /Closing stock)
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Gross profit Ratio : 20%
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Fixed assets Turnover Ratio (on cost of sales) : 2 times
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Debt Collection Period : 2 Months
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Fixed Assets to Shareholder's Net worth : 0.80
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Reserves and Surplus to Capital : 0.5 [10]
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OR
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The comparative Balance sheet of Kowranth Ltd are given below Balance sheet as on 31.12.2016 and 2017
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[ Rs in'000']
Liabilities 2016 2017 Assets 2016 2017 Equity share capital 800 1200 Cash 236 20 Capital Reserve 120 220 Debtors 418 380 General Reserve 444 418 Stock 320 260 Sinking fund 80 100 Others 64 26 6% Debentures 400 650 Investments 540 340 Current liabilities Sundry creditors 510 234 Fixed assets Others 14 20 Furniture less Depri 18 36 Building Less Depri 620 1572 Land 40 60 Other ASSETS 112 148 2368 2842 2368 2842 Comment upon the significant changes that have taken place during the year 2017. [10]
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This download link is referred from the post: JNTUH MBA 1st Sem Last 10 Year Question Papers (2010-2020) All Regulation-First Semester (JNTU Hyderabad)
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