Code No: 871AE
R20
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JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MCA I Semester Examinations, July/August - 2021
ACCOUNTING AND FINANCIAL MANAGEMENT
Time: 3 Hours Max.Marks:75
Answer any five questions
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All questions carry equal marks
1. a) Explain Accounting cycle.
b) How accounts are classified? Discuss. [7+8]
2. a) On the 1* January 2020 the following were the ledger balances of Rajan & Co. Cash in hand Rs.9000, cash at bank Rs.210,000; Soni (Cr) Rs.30,000, Zahir (Dr.) Rs.24,000, stock Rs.120,000; Prasad (Cr.)Rs.60,000, Sharma (Dr.) Rs.45,000; Lall (Cr.) Rs.27,000: Ascertain Capital.
b) Transactions during the month were [8+7]
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2018 Rs.
Jan. 2 Bought goods of Prasad 27,000
Jan. 3 Sold to Sharma 30,000
Jan. 5 Bought goods of Lall for cash, paid by cheque 36,000
Jan. 7 Took goods for personal use 2,000
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Jan. 13 Received from Zahir in full Settlement 23,500
Jan. 17 Paid in Soni in full settlement 29,200
Jan. 22 Paid cash for stationery 500
Jan. 29 Paid to Prasad by cheque 26,500
Discount allowed by him 500
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Jan. 30 Provided interest on capital 1000
Rent due to landlord 2000
Journalize the above transactions and post to the ledger and prepare a Trial Balance.
From the following particulars prepare the Balance sheet of Shri Rohan Rao & co. Ltd. [15]
Current ratio 2
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Working capital Rs.4,00,000
Capital Block to current assets 3:2
Fixed assets to turnover 1:3
Sales Cash/credit 1:2
Stock velocity 2 months
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Creditors Velocity 2 months
Debtors velocity 3 months
Capital Block:
Net profit 10% of turnover
Reserve 2.5% of turnover
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Debentures/share capital 1:2
Gross Profit ratio 25% (to sales)
6. a) Compare and contrast funds flow and cash flow analysis. [15]
b) A company having annual sales of Rs.10 crores is earningl2 % profit before charging interest and depreciation. Interest and depreciation amount to Rs.60 lakhs and Rs. 100 respectively. If the contribution / sales ratio of the company is 0.4, calculate its break-even sales. [15]
7. a) Explain the applications of Marginal costing.
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b) Discuss the managerial implications of BEP analysis. [8+7]
a) What is cash Budget?
b) Explain about production cost budget. [7+8]
Explain the various documents used for data collection. [15]
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This download link is referred from the post: JNTUH MCA 1st Sem Last 10 Years 2023-2013 Question Papers R20-R09 || Jawaharlal nehru technological university
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