Download JNTUA MCA 2019 May Reg-Supply 1st Sem 17FHS102 Accounting And Financial Management Question Paper

Download JNTU Anantapur (JNTU Anantapur) Master of Computer Applications (MCA) 2019 May Reg-Supply 1st Sem 17FHS102 Accounting And Financial Management Previous Question Paper

Code: 17FHS102

MCA I Semester Supplementary Examinations May/June 2019
ACCOUNTING & FINANCIAL MANAGEMENT
(For students admitted in 2017 & 2018 only)

Time: 3 hours Max. Marks: 60

Answer all the questions

*****
1 Write short notes on:
(a) Double entry system of accounting.
(b) Classification of accounts.
OR
2 From the following balances taken from the books of Sam & Co., prepare trading, profit and loss
account for the year ending 30
th
June, 2017 and balance sheet as on that date:
Particulars Rs. Particulars Rs.
Capital 35,000 Carriage outward 110
Building 18,750 Salaries 1,110
Machinery 9,250 Discount allowed 200
Debtors 7,000 Stock (1-7-2016) 16,500
General expenses 800 Bills payable 5,000
Rent paid 3,710 Sales 63,500
Drawings 650 Purchases 46,850
Electric charges 190 Wages 2,500
Carriage inward 850 Cash in hand 1,800
Cash at bank 3,000 Sundry creditors 10,000
Returns inward 450
Closing stock is valued at Rs.18,210.

3 (a) Write the differences between financial accounting and cost accounting.
(b) What is P/V ratio? And mention its uses in brief.
OR
4 From the following data calculate contribution and P/V ratio.
Sales = 5,00,000
Variable cost = 2,50,000
Fixed cost = 80,000


5 Explain the differences between funds flow statement and cash flow statement.
OR
6 The only current assets possessed by a firm are: Cash Rs.1,05,000, inventories Rs.5,60,000
and debtors Rs.4,20,000. If the current ratio for the firm is 2:1, determine its current liabilities.
Also, calculate the firm?s quick ratio.

7 (a) Brief about over capitalization and under capitalization.
(b) Explain the importance of leverage.
OR
8 Explain in detail the functions of financial management.
Contd. in page 2

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Code: 17FHS102

MCA I Semester Supplementary Examinations May/June 2019
ACCOUNTING & FINANCIAL MANAGEMENT
(For students admitted in 2017 & 2018 only)

Time: 3 hours Max. Marks: 60

Answer all the questions

*****
1 Write short notes on:
(a) Double entry system of accounting.
(b) Classification of accounts.
OR
2 From the following balances taken from the books of Sam & Co., prepare trading, profit and loss
account for the year ending 30
th
June, 2017 and balance sheet as on that date:
Particulars Rs. Particulars Rs.
Capital 35,000 Carriage outward 110
Building 18,750 Salaries 1,110
Machinery 9,250 Discount allowed 200
Debtors 7,000 Stock (1-7-2016) 16,500
General expenses 800 Bills payable 5,000
Rent paid 3,710 Sales 63,500
Drawings 650 Purchases 46,850
Electric charges 190 Wages 2,500
Carriage inward 850 Cash in hand 1,800
Cash at bank 3,000 Sundry creditors 10,000
Returns inward 450
Closing stock is valued at Rs.18,210.

3 (a) Write the differences between financial accounting and cost accounting.
(b) What is P/V ratio? And mention its uses in brief.
OR
4 From the following data calculate contribution and P/V ratio.
Sales = 5,00,000
Variable cost = 2,50,000
Fixed cost = 80,000


5 Explain the differences between funds flow statement and cash flow statement.
OR
6 The only current assets possessed by a firm are: Cash Rs.1,05,000, inventories Rs.5,60,000
and debtors Rs.4,20,000. If the current ratio for the firm is 2:1, determine its current liabilities.
Also, calculate the firm?s quick ratio.

7 (a) Brief about over capitalization and under capitalization.
(b) Explain the importance of leverage.
OR
8 Explain in detail the functions of financial management.
Contd. in page 2

Page 1 of 2
Code: 17FHS102

9 Describe the methods of capital budgeting.
OR
10 A large sized chemical company is considering investing in a project that costs Rs.4,00,000.
The estimated salvage value is zero; tax rate is 55%, the company uses straight line
depreciation and the proposed project has cash flows before tax (CFBT) as follows:
Year CFBT
1 Rs.1,00,000
2 Rs.1,00,000
3 Rs.1,50,000
4 Rs.1,50,000
5 Rs.2,50,000
Determine the following: (i) PBP. (ii) ARR. (iii) IRR. (iv) NPV at 15%. (v) PI at 15%.

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