Download JNTUH (JNTU Hyderabad) MBA First Year (1st Semester) 2018 Dec Financial Accounting and Analysis Question Paper.
HallTicketNo QuestionPaperCode:CMBB02
J a w a h a r l a l N e hr u T e c h n ol o g i c a l U n i v e r s i t y H yd e r a b a d
.
MBAISemesterEndExaminations(Supplementary)-December,2018
Regulation: .?R16
FinancialAccountingandAnalysis
Time: 3Hours (MBA) MaxMarks: 70
AnswerONEQuestionfromeachUnit
AllQuestionsCarryEqualMarks
Allpartsofthequestionmustbeansweredinoneplaceonly
UNIT?I
1. (a) Discusbrie?ythebasicconceptsandconventionsofaccounting. [7M]
(b) Whatdoyoumeanbydoubleentrysystem?Whatareitsmerits?Discuss [7M]
2. (a) Enumeratethemoneymeasurementconceptdualaspectconceptandcostconceptindetail.[7M]
(b) Describethemannersinwhichmanagementsatis?esthevariousneedsofappropriatemanage-
mentaccountingfunctionsandscopes. [7M]
UNIT?II
3. (a) WhatisCashBook?Elaboratethefeaturesandvariouskindsofcashbooks. [7M]
(b) Statetheaccountsinvolvedinthefollowingtransactionandwhichaccountistobedebitedand
whichaccountiscredited. [7M]
April2016
1.KarthikcommencesbusinesswithRs.1,00,000.
5.PurchasefurnitureforRs.5.000.
7.SoldgoodsforcashRs.5,000.
9.SoldgoodstoRajforRs.20,000.
10.PaidsalariesRs.10,000.
12.PurchasedgoodsfromRamforcashRs.9,000.
14.CommissionreceivedRs.800.
16.PaidoutstandingexpensesRs.900.
Page1of4
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HallTicketNo QuestionPaperCode:CMBB02
J a w a h a r l a l N e hr u T e c h n ol o g i c a l U n i v e r s i t y H yd e r a b a d
.
MBAISemesterEndExaminations(Supplementary)-December,2018
Regulation: .?R16
FinancialAccountingandAnalysis
Time: 3Hours (MBA) MaxMarks: 70
AnswerONEQuestionfromeachUnit
AllQuestionsCarryEqualMarks
Allpartsofthequestionmustbeansweredinoneplaceonly
UNIT?I
1. (a) Discusbrie?ythebasicconceptsandconventionsofaccounting. [7M]
(b) Whatdoyoumeanbydoubleentrysystem?Whatareitsmerits?Discuss [7M]
2. (a) Enumeratethemoneymeasurementconceptdualaspectconceptandcostconceptindetail.[7M]
(b) Describethemannersinwhichmanagementsatis?esthevariousneedsofappropriatemanage-
mentaccountingfunctionsandscopes. [7M]
UNIT?II
3. (a) WhatisCashBook?Elaboratethefeaturesandvariouskindsofcashbooks. [7M]
(b) Statetheaccountsinvolvedinthefollowingtransactionandwhichaccountistobedebitedand
whichaccountiscredited. [7M]
April2016
1.KarthikcommencesbusinesswithRs.1,00,000.
5.PurchasefurnitureforRs.5.000.
7.SoldgoodsforcashRs.5,000.
9.SoldgoodstoRajforRs.20,000.
10.PaidsalariesRs.10,000.
12.PurchasedgoodsfromRamforcashRs.9,000.
14.CommissionreceivedRs.800.
16.PaidoutstandingexpensesRs.900.
Page1of4
4. (a)OnJanuary1st,2009anassetwaspurchasedforRs.50,000/-. Whatwouldbeitsbookvalue
afterthreeyearsifitwasdepreciatedbystraightlineandwrittendownvaluemethodsatthe
rateof10%p.a.? [7M]
(b)FromthefollowingtrialbalanceofEvergreenandCompany,preparetradingandPro?tandLoss
accountandBalancesheet. [7M]
TrialBalanceason31stDecember2005.
Table1
Particulars Debit[Rs.] Credit[Rs.]
Cashinhand 2,400
Purchase 2,40,000
Stockon1stJanuary2005 70,000
Debtor 1,00,000
PlantandMachinery 1,20,000
Furniture 30,000
BillsReceivable 40,000
RentandRates 20,000
Wages 32,000
Salaries 37,600
Capital 2,00,000
Billspayable 44,000
Creditors 48,000
Sales 4,00,000
Total 6,92,000 6,92,000
AdditionalInformation:
(i)Closinginventoryason31stDecember2005Rs.50,000
(ii)OutstandingwagesR.5,000
(iii)DepreciationonPlantandMachineryat10percentandfurnitureat5percent.
Page2of4
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HallTicketNo QuestionPaperCode:CMBB02
J a w a h a r l a l N e hr u T e c h n ol o g i c a l U n i v e r s i t y H yd e r a b a d
.
MBAISemesterEndExaminations(Supplementary)-December,2018
Regulation: .?R16
FinancialAccountingandAnalysis
Time: 3Hours (MBA) MaxMarks: 70
AnswerONEQuestionfromeachUnit
AllQuestionsCarryEqualMarks
Allpartsofthequestionmustbeansweredinoneplaceonly
UNIT?I
1. (a) Discusbrie?ythebasicconceptsandconventionsofaccounting. [7M]
(b) Whatdoyoumeanbydoubleentrysystem?Whatareitsmerits?Discuss [7M]
2. (a) Enumeratethemoneymeasurementconceptdualaspectconceptandcostconceptindetail.[7M]
(b) Describethemannersinwhichmanagementsatis?esthevariousneedsofappropriatemanage-
mentaccountingfunctionsandscopes. [7M]
UNIT?II
3. (a) WhatisCashBook?Elaboratethefeaturesandvariouskindsofcashbooks. [7M]
(b) Statetheaccountsinvolvedinthefollowingtransactionandwhichaccountistobedebitedand
whichaccountiscredited. [7M]
April2016
1.KarthikcommencesbusinesswithRs.1,00,000.
5.PurchasefurnitureforRs.5.000.
7.SoldgoodsforcashRs.5,000.
9.SoldgoodstoRajforRs.20,000.
10.PaidsalariesRs.10,000.
12.PurchasedgoodsfromRamforcashRs.9,000.
14.CommissionreceivedRs.800.
16.PaidoutstandingexpensesRs.900.
Page1of4
4. (a)OnJanuary1st,2009anassetwaspurchasedforRs.50,000/-. Whatwouldbeitsbookvalue
afterthreeyearsifitwasdepreciatedbystraightlineandwrittendownvaluemethodsatthe
rateof10%p.a.? [7M]
(b)FromthefollowingtrialbalanceofEvergreenandCompany,preparetradingandPro?tandLoss
accountandBalancesheet. [7M]
TrialBalanceason31stDecember2005.
Table1
Particulars Debit[Rs.] Credit[Rs.]
Cashinhand 2,400
Purchase 2,40,000
Stockon1stJanuary2005 70,000
Debtor 1,00,000
PlantandMachinery 1,20,000
Furniture 30,000
BillsReceivable 40,000
RentandRates 20,000
Wages 32,000
Salaries 37,600
Capital 2,00,000
Billspayable 44,000
Creditors 48,000
Sales 4,00,000
Total 6,92,000 6,92,000
AdditionalInformation:
(i)Closinginventoryason31stDecember2005Rs.50,000
(ii)OutstandingwagesR.5,000
(iii)DepreciationonPlantandMachineryat10percentandfurnitureat5percent.
Page2of4
UNIT?III
5. (a)WhatisEquityShare?Explainitsmeritsanddemerits. [7M]
(b)Thefollowingpurchasesandissueweremadeinacompany: [7M]
Table2
Date Particulars UnitsandRate
1-8-2002 Purchases 300unitatRs.15
6-8-2002 Issues 200
10-8-2002 Purchases 400unitatRs.20
15-8-2002 Issues 450units
22-8-2002 Purchases 400unitsatRs.25
Whatwillbethevalueofstockon22-8-2002asperFIFOmethod?
6. (a)RohanLtd.RegisteredwithanauthorisedcapitalofRs.10,00,000/-dividedintosharesRs.20/-
each. Itissued40,000sharesontopublicpersubscriptionpayableasRs.4/-onapplication,
Rs.4/-onallotment,Rs.6/-on?rstcall,Rs.3/-onsecondcall,Rs.3/-?nalcall.Alltheshares
weresubscribedandthemoneyduewerereceivedwiththeexceptionofsecondand?nalcallon
300shares.Journalise. [7M]
(b)Thedirectorsof?Z?CoLtd.,forfeit10sharesofRs.50eachbelongingto?Karthik?whohadpaid
Rs. 5pershareonapplication,Rs.10onallotmentandRs.5on?rstcallbutfailedtopaythe
?nalcallofRs.30.Thesamesharesarethenreissuedto?Raj?asfullypaidonreceiptofRs.40.
Passjournalentrieswithnarrationtorecordtheforfeitureandthereissueofshares. [7M]
UNIT?IV
7. (a)Draftspecimenofcash?owstatementorScheduleofchangeinworkingcapital. [7M]
[7M]
(b)FromthefollowingparticularsprepareaFundsFlowStatementfortheyearended31stDecember
2001. [7M]
Netpro?tbeforewritingo?goodwill21,500
Depreciationwritteno?on?xedassets3,500
Goodwillwritteno?frompro?t5,000
Dividendpaid7,000
Sharesissuedforcash10,000
Purchaseofmachinery20,000
Increaseinworkingcapital8,000
8. (a)GiveaproformaofFundFlowStatementindetail. [7M]
(b)Fromthefollowingpro?tandlossaccount,computetheCashfromOperations:Pro?tandLoss
Accountfortheyearended30thJune1998. [7M]
Table3
Page3of4
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HallTicketNo QuestionPaperCode:CMBB02
J a w a h a r l a l N e hr u T e c h n ol o g i c a l U n i v e r s i t y H yd e r a b a d
.
MBAISemesterEndExaminations(Supplementary)-December,2018
Regulation: .?R16
FinancialAccountingandAnalysis
Time: 3Hours (MBA) MaxMarks: 70
AnswerONEQuestionfromeachUnit
AllQuestionsCarryEqualMarks
Allpartsofthequestionmustbeansweredinoneplaceonly
UNIT?I
1. (a) Discusbrie?ythebasicconceptsandconventionsofaccounting. [7M]
(b) Whatdoyoumeanbydoubleentrysystem?Whatareitsmerits?Discuss [7M]
2. (a) Enumeratethemoneymeasurementconceptdualaspectconceptandcostconceptindetail.[7M]
(b) Describethemannersinwhichmanagementsatis?esthevariousneedsofappropriatemanage-
mentaccountingfunctionsandscopes. [7M]
UNIT?II
3. (a) WhatisCashBook?Elaboratethefeaturesandvariouskindsofcashbooks. [7M]
(b) Statetheaccountsinvolvedinthefollowingtransactionandwhichaccountistobedebitedand
whichaccountiscredited. [7M]
April2016
1.KarthikcommencesbusinesswithRs.1,00,000.
5.PurchasefurnitureforRs.5.000.
7.SoldgoodsforcashRs.5,000.
9.SoldgoodstoRajforRs.20,000.
10.PaidsalariesRs.10,000.
12.PurchasedgoodsfromRamforcashRs.9,000.
14.CommissionreceivedRs.800.
16.PaidoutstandingexpensesRs.900.
Page1of4
4. (a)OnJanuary1st,2009anassetwaspurchasedforRs.50,000/-. Whatwouldbeitsbookvalue
afterthreeyearsifitwasdepreciatedbystraightlineandwrittendownvaluemethodsatthe
rateof10%p.a.? [7M]
(b)FromthefollowingtrialbalanceofEvergreenandCompany,preparetradingandPro?tandLoss
accountandBalancesheet. [7M]
TrialBalanceason31stDecember2005.
Table1
Particulars Debit[Rs.] Credit[Rs.]
Cashinhand 2,400
Purchase 2,40,000
Stockon1stJanuary2005 70,000
Debtor 1,00,000
PlantandMachinery 1,20,000
Furniture 30,000
BillsReceivable 40,000
RentandRates 20,000
Wages 32,000
Salaries 37,600
Capital 2,00,000
Billspayable 44,000
Creditors 48,000
Sales 4,00,000
Total 6,92,000 6,92,000
AdditionalInformation:
(i)Closinginventoryason31stDecember2005Rs.50,000
(ii)OutstandingwagesR.5,000
(iii)DepreciationonPlantandMachineryat10percentandfurnitureat5percent.
Page2of4
UNIT?III
5. (a)WhatisEquityShare?Explainitsmeritsanddemerits. [7M]
(b)Thefollowingpurchasesandissueweremadeinacompany: [7M]
Table2
Date Particulars UnitsandRate
1-8-2002 Purchases 300unitatRs.15
6-8-2002 Issues 200
10-8-2002 Purchases 400unitatRs.20
15-8-2002 Issues 450units
22-8-2002 Purchases 400unitsatRs.25
Whatwillbethevalueofstockon22-8-2002asperFIFOmethod?
6. (a)RohanLtd.RegisteredwithanauthorisedcapitalofRs.10,00,000/-dividedintosharesRs.20/-
each. Itissued40,000sharesontopublicpersubscriptionpayableasRs.4/-onapplication,
Rs.4/-onallotment,Rs.6/-on?rstcall,Rs.3/-onsecondcall,Rs.3/-?nalcall.Alltheshares
weresubscribedandthemoneyduewerereceivedwiththeexceptionofsecondand?nalcallon
300shares.Journalise. [7M]
(b)Thedirectorsof?Z?CoLtd.,forfeit10sharesofRs.50eachbelongingto?Karthik?whohadpaid
Rs. 5pershareonapplication,Rs.10onallotmentandRs.5on?rstcallbutfailedtopaythe
?nalcallofRs.30.Thesamesharesarethenreissuedto?Raj?asfullypaidonreceiptofRs.40.
Passjournalentrieswithnarrationtorecordtheforfeitureandthereissueofshares. [7M]
UNIT?IV
7. (a)Draftspecimenofcash?owstatementorScheduleofchangeinworkingcapital. [7M]
[7M]
(b)FromthefollowingparticularsprepareaFundsFlowStatementfortheyearended31stDecember
2001. [7M]
Netpro?tbeforewritingo?goodwill21,500
Depreciationwritteno?on?xedassets3,500
Goodwillwritteno?frompro?t5,000
Dividendpaid7,000
Sharesissuedforcash10,000
Purchaseofmachinery20,000
Increaseinworkingcapital8,000
8. (a)GiveaproformaofFundFlowStatementindetail. [7M]
(b)Fromthefollowingpro?tandlossaccount,computetheCashfromOperations:Pro?tandLoss
Accountfortheyearended30thJune1998. [7M]
Table3
Page3of4
UNIT?V
9. (a)ExplaintheadvantagesandlimitationofRatioanalysis [7M]
(b)Calculate: (a)Currentassets,(b)Currentliability,(c)Stockturnoverratiofromthefollowing
information: [7M]
Currentratio:2.5
Workingcapital:Rs.60,000
Openingstock:Rs.29,000
Closingstock:Rs.31,000
Sales:Rs.3,20,000
Grosspro?tratio:25%onsales.
10. (a)Explainthevariousmethodsofclassi?cationofratios. [7M]
(b)Fromthefollowinginformation,interprettheresultofoperationofamanufacturingconcern
usingtrendratio.
Incomestatementfortheyearended1999to2002:Amount[RupeesinLakh] [7M]
Table4
Page4of4
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This post was last modified on 27 November 2019