Download JNTUA MCA 2018 July Reg-Supply 1st Sem 17FHS102 Accounting and Finanical Management Question Paper

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Code: 17FHS102

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MCA I Semester Supplementary Examinations June/July 2018

ACCOUNTING & FINANCIAL MANAGEMENT

(For students admitted in 2017 only)

Time: 3 hours Max. Marks: 60

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Answer all the questions

1. Define accounting. Explain need, functions and attributes of accounting.

   OR

2. From the following trial balance of M/s Ramesh & sons, prepare trading and profit & loss account for the year ended 31 March 2017.

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   Particulars	Debit Rs.	Credit Rs.
   Ramesh & sons capital		62,000
   Stock (01-04-2016)	23,000
   Purchases & sales	32,000	53,700
   Sales and purchase returns	2,000	1,500
   Wages	1,800
   Land & building	52,000
   Freight & carriage	2,700
   Trade expenses	1,300
   Advertisement	1,500
   Interest	800
   Debtors and creditors	28,000	32,000
   Cash in hand	1,200
   Salaries	2,500
   Carriage expenses	2,000
   	1,50,000	1,50,000

   Adjustment: Stock on 31 March 2017 was valued at Rs.3,000.

3. What is cost accounting? Differentiate between cost accounting and financial accounting.

   OR

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4. Sales 1,80,000

   Less: V.C 1.44,000

   Contribution 36,000

   Less: Fixed overhead 24,000

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   Net profit 12,000

   You are required to calculate:

   1. P/V ratio, B.E.P, net profit for the sale of Rs.2,70,000 and required sales to earn a profit of Rs.24,000.

5. What is fund flow-statement? Examine its uses and significance for management.

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   OR

6. The following is the balance sheet of Kalyani electric Co. as on 30" June 2017.

   Liabilities	Rs.	Assets	Rs.
   Equity capital	3,00,000	Land and building	1,50,000
   Sundry creditors	48,000	Plant and machinery	85,000
   Bills payable	10,000	Short term investments	16,000
   Bank overdraft	5,000	Stock-in-trade	50,000
   outstanding expenses	2,000	debtors	59,000
   		Prepaid expenses	1,000
   		Cash in hand	4,000
   	3,65,000		3,65,000

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   Code: 17FHS102

   Define financial management. What is the role of finance function in an organization?

   OR

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8. (a) What do you understand by time value of money?

   (b) Discuss the following: (i) Future value. (ii) Present value of money.

9. What do you understand by capital budgeting? How do you classify different kinds of projects?

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   OR

10. Pay early ltd is planning a major investment to expand its current manufacturing of digital clocks with initial outlay of Rs.350 lakh. The finance department has projected a following cash flows even the next 7 years considered to be life of the project:

    Year	0	1	2	3	4	5	6	7
    Cash flows (Rs.lakh)	350	100	150	400	450	300	250	50

    1. What is the payback period of the project?

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    2. What is the discounted payback period assuming that discounting is done at 15%?