Code No: 821AE
Time: 3hrs
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Note:
R15
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MCA I Semester Examinations, June/July - 2018
ACCOUNTING AND FINANCIAL MANAGEMENT
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Max.Marks:75
This question paper contains two parts A and B.
Part A is compulsory which carries 25 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.
PART - A
5 x 5 Marks =25
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- a) What is a cash book? Explain the significance of ‘three column’ cash book. [5]
- b) What do you understand by a ‘working capital’? What are the sources of raising working capital? [5]
- c) Differentiate ‘funds flow statement’ from ‘cash flow statement’. [5]
- d) What is the significance of Break-even analysis? Bring out the important managerial uses of Break-even analysis. [5]
- e) Define ‘Payback period’. What are the advantages and limitations of Payback method in financial appraisal of a project? [5]
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PART -B
5 x 10 Marks =50
- a) Differentiate Trial balance from ‘Balance sheet’.
b) Prepare the Trial Balance as on 31-12:2017 from the following balances of Mr. Mohan. [5+5]
Rs: Rs.--- Content provided by FirstRanker.com ---
Capital 1,70,000 Creditors 6,500
Drawings 2,000 Salaries 19,100
Purchases 47,000 Sales returns 1,700
Purchase return 1,200 Carriage inwards 700
Bills receivable 2,900 Bills payable 3,500--- Content provided by FirstRanker.com ---
Debtors 8,000 Sales 72,000
Printing and stationary 2,500 Insurance 1,100
Stock 14,950 Machinery 25,000
Wages 2,500 Rent 800
Land 1,25,000 Electricity charges 1,200--- Content provided by FirstRanker.com ---
Interest received 850 Commission received 400
OR - a) Enunciate the principles of accounting.
b) What is double entry system of book keeping? What are its advantages? [4+6]
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- a) A firm has a sales of Rs. 10,00,000, variable cost of Rs.7,00,000 and fixed costs of Rs.2,00,000 and debt of Rs.5,00,000 at 10% rate of interest. What are the operating, financial and combined leverages?
b) What are the major functions of finance manager of a business enterprise? [5+5]
OR - A company raised preference share capital of Rs. 40,00,000 by issue of 10% preference shares of Rs.100 each. Calculate the cost of preference capital when they are issued at
1) 10% premium and at i) 10% discount.
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- a) What do you understand by the term ‘cost of capital’? How would you calculate it? [5+5]
- Ramesh & Co. sells goods on cash as well as credit. The following particulars are extracted from their books of account for the calendar year 2016.
Total gross sales Rs. 10,00,000
Cash sales ( included in the above) Rs. 2,00,000
Sales returns Rs. 70,000--- Content provided by FirstRanker.com ---
Total sundry debtors as on 31/12/16 Rs. 90,000
Bills receivables as on 31/12/16 Rs. 20,000
Provision for doubtful debts on 31/12/16 Rs. 10,000
Total creditors 31/12/16 Rs. 1,00,000
Calculate the average collection period.--- Content provided by FirstRanker.com ---
What are the limitations of cash flow statement? [6+4]
OR - Explain briefly the significance of Funds Flow statement.
Compute the payout and retained earnings ratio from the following data:
Net profit Rs. 10,000 no. of equity shares 3000--- Content provided by FirstRanker.com ---
Provision fortax Rs. 5,000 dividend per equity share Rs. 0.40
Preference dividend Rs. 2,000 [5+5]
- John & Co. has supplied you the following information in respect of one of its products.
Rs.
Total fixed costs 18,00,000--- Content provided by FirstRanker.com ---
Total variable costs 30,00,000
Total Sales 60,00,000
Units sold 20,000
Find out a) Contribution per unit, b) break-even point, c) margin of safety d) profit and e) volume of sales to earn a profit of Rs.24,00,000. [10]
OR - What is a flexible budget? Under what circumstances would you recommend flexible budgeting?
What are the preparatory measures needed before formulating a budget? [5+5]
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- A company has to choose one of the following two mutually exclusive projects. Both projects have to be depreciated on straight line basis. The tax rate is 40%. Using pay-back approach, evaluate the two projects. [10]
year cash inflow for project A | cash inflow for project B.--- Content provided by FirstRanker.com ---
Rs. Rs.
0 -- 16,00,000 --16,00,000
1 4,20,000 4,80,000
2 4,80,000 4,80,000
3 7,00,000 5,20,000--- Content provided by FirstRanker.com ---
4 8,00,000 5,00,000
5 5,00,000 10,00,000
OR - A company wants to purchase a plant for its expanding operations. The desired plant is available at Rs.30,00,000 in cash or Rs.45,00,000 to be paid in 5 equal installments due at the end of each year. Assuming the required rate of return of 15 per cent, which option should the company exercise? Ignore taxes. [10]
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