Code No: 821AE
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R15
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MCA I Semester Examinations, May - 2022
ACCOUNTING AND FINANCIAL MANAGEMENT
Time: 3 Hours
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Answer any five questions
All questions carry equal marks
Max.Marks:75
- 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.--- Content provided by FirstRanker.com ---
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--- Content provided by FirstRanker.com ---
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/---- Content provided by FirstRanker.com ---
Jan. 24 Purchased from KC & Co. on credit
30 Electric Kettles @ Rs.300/-
40 able fans @ Rs.1500/- [7+8] - a) Explain Accounting cycle.
b) Explain the term convention of Disclosure and going concern concept. [7+8] - The well-established company’s'most recent balance sheet is as follows
Liabilities Amount Assets Amount
Equity Capital(X10 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--- Content provided by FirstRanker.com ---
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 310,00,000 and
the variable costs ratio is 40 percent. The income tax rate is 35 percent.
a) Calculate all the three types of leverages.--- Content provided by FirstRanker.com ---
b) Determine the likely level of EBIT if EPS is 1) %1 ii) %3 and iii) zero. [7+8] - a) Explain the goals of financial management.
b) How weighted average cost of capital is calculated? [7+8] - 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--- Content provided by FirstRanker.com ---
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/---- Content provided by FirstRanker.com ---
Sundry debtors Rs. 62,500/-
Wages prepaid Rs. 7,500/- [6+9] - Distinguish between statement showing changes in working capital and funds flow statement.
- What is a cash flow statement? [8+7]
- Why Breakeven point is critical to an organization and its managerial implications? Discuss.
- Explain about sales budget and cash budget. [8+7]
- 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 X 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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