Download JNTUH MCA 1st Sem R17 2022 May 841AE Accounting And Financial Management Question Paper

Download JNTUH (Jawaharlal nehru technological university) MCA (Master of Computer Applications) 1st Sem (First Semester) Regulation-R17 2022 May 841AE Accounting And Financial Management Previous Question Paper


R17

Code No: 841AE















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.a)

What are the various books of account? Explain the objectives of Trial Balance.

b)

Record following transactions in the Purchases Journal and port them in the ledger.
2018
Jan.1

Purchased from Ram & co. on credit





38 immersion heaters @ Rs.200/-





20 tube lights

@ Rs.500/-

Jan. 4

Purchased from Shyam &co. on credit





40 immersion heaters @ Rs.200/-
20 tube lights

@ Rs.450/-



Jan. 8

Purchased from Bajaj &co. on credit







20 Electric Irons

@ Rs.600/-







3 electric mixers

@ Rs.2,000/-



Jan. 24

Purchased from KC & Co. on credit







30 Electric Kettles

@ Rs.300/-

40 able fans

@ Rs. 1500/-







[7+8]



2.a)

Explain Accounting cycle.

b)

Explain the term convention of Disclosure and going concern concept.



[7+8]


3.

The well-established company's most recent balance sheet is as follows
Liabilities







Amount

Assets



Amount

Equity Capital(10 per share)

6,00,000

Net fixed assets

15,00,000

10% Lon-term debt



8,00,000

Current assets

5,00,000

Retained earnings





2,00,000

Current liabilities





4,00,000

Total







20,00,000

Total



20,00,000

The company's total assets turnover ratio is 3, its fixed operating costs are 10,00,000
and the variable costs ratio is 40 percent. The income tax rate is 35 percent.
a) Calculate all the three types of leverages.
b) Determine the likely level of EBIT if EPS is i) 1 ii) 3 and iii) zero.



[7+8]


4.a)

Explain the goals of financial management.

b)

How weighted average cost of capital is calculated?







[7+8]


5.a)

Explain the uses of ratio analysis.















b)

The following is an extract of a balance sheet of a company during the last year. Compute
current ratio and quick ratio. Also interpret the ratios.









Land and buildings Rs. 1,50,000/-
Plant and Machinery Rs.3,00,000/-
Furniture and fixtures Rs.1,25,000/-
Closing stock Rs. 25,000/-
Sundry debtors Rs. 62,500/-
Wages prepaid Rs. 7,500/-







[6+9]


6.a)

Distinguish between statement showing changes in working capital and funds flow
statement.

b)

What is a cash flow statement?













[8+7]


7.a)

Why Breakeven point is critical to an organization and its managerial implications?
Discuss.

b)

Explain about sales budget and cash budget.









[8+7]



8.

A company is planning to purchase a machine to meet the increased demand for its
products in the market. The machine costs 5,00,000 and has no salvage value. The
expected life of the machine is 5 years, and the company employs straight line method of
depreciation for tax purposes. The estimated earnings after taxes are 50,000 each year
for 5 years. The after-tax required rate of return of the company is 12 percent. Determine
the IRR.



















[15]





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This post was last modified on 16 March 2023