Firstranker's choice
Code No: 811AE
--- Content provided by FirstRanker.com ---
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MCA I Semester Examinations, April/May - 2019
ACCOUNTING AND FINANCIAL MANAGEMENT
Time: 3hrs Max.Marks:60
Note: This question paper contains two parts A and B.
--- Content provided by FirstRanker.com ---
Part A is compulsory which carries 20 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 8 marks and may have a, b, c as sub questions.
PART-A
5 x 4 Marks =20
- What is double entry system of accounting? What are its benefits? [4]
- What is the meaning of weighted average of cost of capital? [4]
- What is solvency? State two of the important solvency ratios. [4]
- What is a sales budget? What is its significance to other budgets? [4]
- What are the advantages and disadvantages of Payback period method in capital budgeting? [4]
--- Content provided by FirstRanker.com ---
PART -B
5 x 8 Marks = 40
--- Content provided by FirstRanker.com ---
- State under what heading (Personal, Real, or Nominal) would you classify each of the following accounts.
- salary prepaid account
- salary outstanding account
- rent account
- bank account
- insurance unexpired
- proprietor’s account
- bad debts account
- furniture account
- goodwill account
- patents account [8]
--- Content provided by FirstRanker.com ---
--- Content provided by FirstRanker.com ---
OR
The following balances are extracted from the books of Mr. Ajit Borkar. Prepare Trial Balance as on 31-12- 2018. [8]
a/c balance Rs a/c balance Rs. Stock (1-1-2018) 15,000 purchases 1,47,850 drawings 37,400 Capital 1,25,000 Discounts received 500 Discount allowed 475 Sales 1,67,675 furniture 16,500 Sundry creditors 37,500 Bank loan 60,500 Rent 36,250 Printing charges 750 Sundry expenses 10,500 Freight 1,750 taxes 4,750 machinery 1,57,700 Bills receivable 26,250 Bills receivable 15,850 Insurance 600 Carriage outward 750 -
- What are the various roles of finance manager in an organization?
- What are preference shares? [6+2]
--- Content provided by FirstRanker.com ---
OR
Pradhan Enterprises is currently selling 400 units per year. If the selling price per unit is Rs.1,000, variable cost per unit is Rs.600, and fixed costs are Rs.1,00,000 what is Pradhan’s Degree of Operating Leverage at its current level of operations? What will be DOL, if the quantity manufactured and sold rises to 600 units? [8]
- Complete the balance sheet and sales data (fill in the blanks) using the following financial data: [8]
Current ratio 1.5--- Content provided by FirstRanker.com ---
Acid test ratio 1.2
Total assets turnover ratio 1.5
Days outstanding in accounts receivable 40 days
Gross profit margin 20 percent
Inventory turnover ratio 5--- Content provided by FirstRanker.com ---
Balance Sheet
Equity capital Rs. 50,000 Plant and equipment = -——-- Retained earnings Rs. 60,000 inventories =~ -————— Debt Accounts receivables = ------— Cash Sales = Cost of goods sold - OR
Compute cash from operations from-the following figures:
- Profit for the year 2012 is a-sum of Rs. 10,000 after providing for depreciation of Rs.2000.
- The current assets of the business for the year ending 31 Dec. 2011 and 2012 are as follows:
--- Content provided by FirstRanker.com ---
Particulars 31" Dec 2011 31 Dec 2012 Sundry Debtors Rs. 10,000 Rs. 12,000 Provision for doubtful debts 1,000 1,200 Bills receivable 4,000 3,000 Sundry creditors 8,000 9,000 Bills payable 5,000 6,000 Inventories 5,000 8,000 Short term investments 10,000 12,000 Outstanding expenses 1,000 1,500 Prepaid expenses 2,000 14,000 Accrued income 3,000 4,000 Income received in advance 2,000 1,000 (8]
- Srikanth Glass Limited manufactures three different products P,Q and R. Data for the products are given below:
particulars ‘P’ (Rs) ‘Q” (Rs.) ‘R” (Rs) Selling price per unit 30 50 80 Variable cost per unit 20 30 40 Fixed cost attributable to the product 30,000 1,00,000 2,00,000 Sales in units 5,000 units 8,000 units 6,000 units Calculate the break -even point for each product and for the company as a whole. (8]
OR
--- Content provided by FirstRanker.com ---
Comparative financial data for the Evergreen Co. is given below. Prepare a funds flow statement.
liabilities 2013 (Rs.,000) 2014 (Rs.,000) Assets 2013 (Rs.,000) 2014 (Rs.,000) Share capital 720 840 Fixed assets 1200 1440 General reserve 240 300 Less: accrd depn 240 300 Capital reserve --- 12 Net fixed assets 960 1140 P& L alc 120 240 Investment. at cost 216 216 7% debentures 360 240 Inventory at-cost 240 324 Creditors for expenses 12 14.4 Sundry debtors (less provision) 270 294 creditors for supply of goods 192 300 Bills receivable 48 78 Proposed dividends 36 42 Prepayment exp 12 14.4 Provision for taxation 84 90 Misc. expenses 14 12 1764 2078.4 1764 2078.4 During the year 2014 fixed asset, WDV Rs.12,000( depreciation written off Rs.36,000) was sold for Rs.9,000. The proposed dividend of last year was paid in 2014. During the year 2014 investments costing Rs.96,000 were sold and later in the year investments of the same cost were purchased.
Debentures were redeemed at a premium of 10% in 2014. Liability for taxation for 2013 came to Rs.66,000.
During the year 2014 bad debts written off was Rs.18,000 against the provision account. [8]
- Pioneer Chemicals is evaluating system for waste disposal. System A which has life of 4 years. The initial out lay and operating cost for the system is expected to be as follows:
particulars Rs. in millions Initial outlay 3.2 Annual operating costs 1.2 If the cost of the capital is 12%, calculate the present value of total cost for the life of the waste disposal system at the discounted rate. [8]
OR
- What is IRR and how is it calculated?
- The cash flows in Rupees for three alternative A, B and C are as given below in Rupees:
year A B C 0 2,00,000 3,00,000 2,10,000 1 40,000 50,000 45,000 2 50,000 60,000 50,000 3 60,000 80,000 45,000 4 25,000 90,000 60,000 5 25,000 80,000 20,000 If the total funds availability is limited to Rs.5.5 Lakhs, which investments will you choose using Payback period approach? [3+5]
--- Content provided by FirstRanker.com ---
--- Content provided by FirstRanker.com ---
--- Content provided by FirstRanker.com ---
This download link is referred from the post: JNTUH MCA 1st Sem Last 10 Years 2023-2013 Question Papers R20-R09 || Jawaharlal nehru technological university