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Code: 9FHS103
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MCA | Semester Supplementary Examinations June/July 2018
ACCOUNTING & FINANCIAL MANAGEMENT
(For 2011 (LC), 2012, 2013, 2014, 2015 & 2016 admitted batches only)
Time: 3 hours Max. Marks: 60
Answer any FIVE questions
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All questions carry equal marks
- Explain the concepts and conventions of financial accounting.
- From the following information, prepare final accounts for the year ending 31st December 2016.
- Closing stock was valued at Rs. 8,500.
- Depreciate machinery and furniture at 10%.
- Discuss the nature and scope of financial management under the complex business environment of today.
- Using the below information, you are required to calculate weighted average cost of capital (WACC) based on book-value and market-value weights assuming a tax rate of 33% for the company.
- What is ratio analysis? Explain its advantages and limitations with its classification.
- How do you prepare funds flow statement? State the uses of funds flow analysis.
| Particulars | Amount (Rs) | Particulars | Amount (Rs) |
|---|---|---|---|
| Capital | 10,000 | Debtors | 7,500 |
| Drawings | 2,000 | Return inwards | 300 |
| Purchases | 20,800 | Return outwards | 580 |
| Opening stock | 6,900 | Carriage inwards | 400 |
| Sales | 27,500 | Wages | 325 |
| Creditors | 8,100 | Salaries | 900 |
| Rent | 1,000 | Interest | 480 |
| Discount (Cr.) | 270 | Carriage outwards | 700 |
| Furniture | 900 | Insurance | 900 |
| Machinery | 5,000 | Bank loan | 3,000 |
| Travelling expenses | 650 | Cash | 575 |
| Bad debts | 120 |
Adjustments:
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| Sources of finance | Book values (Rs) | market values (Rs) | Cost (%) |
|---|---|---|---|
| Equity share capital | 6,00,000 | 9,00,000 | 16 |
| Retained earnings | 2,00,000 | 3,00,000 | 16 |
| Preference capital | 3,00,000 | 3,80,000 | 11 |
| Debt | 5,50,000 | 6,25,000 | 9 |
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Contd. in page 2
Firstranker's choice
Code: 9FHS103
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- The total sales and total costs of a company during two years was as follows:
- X Ltd. is contemplating two mutually exclusive projects A & B. The following information is available related to two projects.
| Year | Total sales(Rs) | Total costs (Rs) |
|---|---|---|
| 2015 | 2,22,300 | 1,98,360 |
| 2016 | 2,45,100 | 2,14,320 |
You are required to calculate: (i) P/V ratio. (ii) BEP. (iii) Sales required to earn a profit of Rs. 40,000. (iv) Margin of safety for two years.
| Project — A | Project —B | PV@10% | |
|---|---|---|---|
| Initial Investment | Rs. 50,000 | Rs. 50,000 | |
| CFAT: Year1 | 10,000 | 25,000 | 0.909 |
| Year2 | 20,000 | 20,000 | 0.826 |
| Year 3 | 25,000 | 15,000 | 0.751 |
| Year4 | 15,000 | 10,000 | 0.683 |
| Year5 | 10,000 | 5,000 | 0.621 |
Assume firms cost of capital to be 10%.
Advise, which project is preferred?
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This download link is referred from the post: JNTUA MCA 1st Sem last 10 year 2010-2020 Previous Question Papers (JNTU Anantapur)
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