Download JNTUH (Jawaharlal nehru technological university) MCA (Master of Computer Applications) 1st Year (First Year) R20 2022 May 871AE Accounting And Financial Management Previous Question Paper
R20
Code No: 871AE
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MCA I Semester Examinations, May - 2022
ACCOUNTING AND FINANCIAL MANAGEMENT
Time: 3 Hours
Max.Marks:75
Answer any five questions
All questions carry equal marks
- - -
1.
What are the advantages of Double Entry System of Accounting? Write the benefits of
automated systems.
[15]
2.
From the under mentioned Trial Balance of Jayason & Co., prepare Trading and Profit and
Loss Account for the year ending 31st March, 2012.
Trial Balance as on 31st March, 2012
Dr. (Rs.)
Cr. (Rs.)
Opening Stock
45,000
--
Capital Account
--
90,000
Plant and Machinery
85,000
--
Sundry Creditors
--
40,000
Furniture and Fixtures
7,500
--
Discount Received
--
3,500
Freehold premises
75,000
--
Bank overdraft
--
20,000
Purchases
1,50,000
--
Provision for Bad Debts
--
3,000
Salaries
14,000
--
Purchase Returns
--
1,500
Sundry Debtors
55,000
--
Sales (net)
--
3,37,070
Manufacturing Expenses
15,000
--
Manufacturing Wages
30,000
--
Carriage Inwards
2,000
--
Carriage Outwards
2,100
--
Administrative Expenses
10,000
--
Bad Debts
750
--
Interest and Bank Charges
625
--
Discount Allowed
750
--
Insurance
1,500
--
Cash at Bank
695
--
Cash in hand
150
--
4,95,070
4,95,070
The following adjustments are required :
a) Closing stock as on 31st March, 2012 was Rs. 57,000.
b) Depreciation on Plant and Machinery @ 10%, Furniture and Fixtures @ 5%.
c) Prepaid Insurance Rs. 500.
d) Prepaid Salary Rs. 600.
[15]
3.
Do you support the concepts of Profit Maximization and Wealth Maximization? Give
Reasons.
[15]
4.
The following details are available from a company.
Liabilities
31-12-2012 31-12-2014
Assets
31-12-2012
31-12-2014
Share Capital
70,000
74,000
Cash
9,000
7,800
Debentures
12,000
6,000
Debtors
14,900
17,700
Reserve for
700
800
Stock
49,200
42,700
Doubtful debts
Trade Creditors
10,360
11,840
Land
20,000
30,000
P&L A/c
10,040
10,560
Goodwill
10,000
5,000
1,03,100
1,03,200
1,03,100
1,03,200
Prepare Cash Flow Statement with the following information:
a) Dividend paid total Rs. 3,500
b) Land was purchased for Rs. 10,000, Amount provided by amortization of goodwill
Rs. 5,000.
c) Debentures paid off Rs. 6,000.
[15]
5.
What is the scope, nature and objectives of CVP Analysis? Give some examples. [15]
6.
From the following information calculate the total cost:
[15]
Direct Material
1,60,000
Direct Labour
52,000
Direct Expenses
10,000
Factory Overheads
45,000
Office and Administration Overheads
28,000
Selling and Distribution Overheads
33,000
7.
What is a Cash Budget? Prepare a model of Cash Budget with imaginatory figures.[15]
8.
"Computerized Accounting System plays a vital role in the functioning of any
Organization". Discuss.
[15]
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This post was last modified on 16 March 2023