Download JNTUH (Jawaharlal nehru technological university) MCA (Master of Computer Applications) 1st Sem (First Semester) Regulation-R15 2022 May 821AE May Accounting And Financial Management Previous Question Paper
R15
Code No: 821AE
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