Download JNTUH (Jawaharlal nehru technological university) MCA (Master of Computer Applications) 1st Year (First Year) R20 2021 July-August 871AE Accounting And Financial Management Previous Question Paper
2021
R20
Code No: 871AE
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
All questions carry equal marks
- - -
1.a)
Explain Accounting cycle.
b)
How accounts are classified? Discuss.
[7+8]
2.a)
On the 1st 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]
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
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
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.
3.
From the following particulars prepare the Balance sheet of Shri Rohan Rao & co. Ltd.
[15]
2021
Current ratio
2
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
Creditors Velocity
2 months
Debtors velocity
3 months
Capital Block:
Net profit 10% of turnover
Reserve 2.5% of turnover
Debentures/share capital
1:2
Gross Profit ratio 25% (to sales)
4.
Compare and contrast funds flow and cash flow analysis.
[15]
5.
A company having annual sales of Rs.10 crores is earning12 % 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]
6.a)
Explain the applications of Marginal costing.
b)
Discuss the managerial implications of BEP analysis.
[8+7]
7.a)
What is cash Budget?
b)
Explain about production cost budget.
[7+8]
8.
Explain the various documents used for data collection.
[15]
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This post was last modified on 16 March 2023