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Total No. of Pages : 03
Total No. of Questions : 09
MCA (2014 Batch) (Sem.-1)
ACCOUNTING & FINANCIAL MANAGEMENT
Subject Code : MCA-104 M.Code: 26045
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Time: 3 Hrs. Max. Marks : 100
INSTRUCTION TO CANDIDATES :
- SECTIONS-A, B, C & D contains TWO questions each carrying TWENTY marks and students has to attempt any ONE question from each SECTION.
- SECTION-E is COMPULSORY consisting of TEN questions carrying TWENTY marks in all.
SECTION-A
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- Explain in brief sole Proprietary concern and partnership with example.
- From the following balances, prepare the profit and loss account and balance sheet of IS Traders as on 31, 2013.
| Particular | Debit Balance | Particular | Credit Balance |
|---|---|---|---|
| Drawings | 6,300 | Capital | 1,55,000 |
| Cash at Bank | 14,000 | Discount Received | 3,150 |
| Bills Receivables | 1,900 | Loans | 10,000 |
| Land & Building | 42,600 | Purchase Return | 2,500 |
| Furniture | 5,140 | Sales | 2,90,000 |
| Discount Allowed | 4,000 | Reserve for Bad debts | 5,650 |
| Bank charges | 200 | Creditors | 18,670 |
| Salaries | 6,520 | ||
| Purchases | 2,05,000 | ||
| Stock Opening | 60,000 | ||
| Sales Return | 1,910 | ||
| Carriage | 5,190 | ||
| Rent & Taxes | 7,750 | ||
| General Expenses | 3,610 | ||
| Plant & Machinery | 31,700 | ||
| Book debts | 82,480 | ||
| Bad debts | 1,460 | ||
| Insurance | 4,850 | ||
| 4,84,970 | 4,84,970 |
Closing Stock is Rs. 70,000
SECTION-B
- Define Financial Statement. Describe in brief various functional areas of financial Management.
- Given below in the Balance sheet of a limited company as on 31st March 2007.
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Balance Sheet
| Liability | Amt | Assets | Amt |
|---|---|---|---|
| 30,000 Equity shares of Rs. 100 each fully paid | 30,00,000 | Goodwill at Cost | 10,00,000 |
| 15,000, 6% pref. Shares of Rs. 100 each fully Paid | 15,00,000 | Land & Building | 43,00,000 |
| Reserve fund | 15,00,000 | Plant & Machinery | 40,00,000 |
| Dividend equitation fund | 5,00,000 | Stock in Trade | 20,00,000 |
| 5% Debentures | 40,00,000 | Sundry Debtors | 15,00,000 |
| Current Liabilities | 10,00,000 | Cash at Bank | 3,50,000 |
| Accured Income | 1,50,000 | ||
| 1,15,00,000 | 1,15,00,000 |
Find out :
- Debt. Equity Ratio
- Solvency Ratio
- Currents Assets to Net worth Ratio
- Proprietary Ratio
- Fixed Assets to net worth ratio
- Total Assets to debt Ratio
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SECTION-C
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- What is Costing? Explain its Characteristics and types of Relevant Costs and what Cost are considered for decision-Making?
- Define Standard Costing. Discuss its advantages, and applications.
SECTION-D
- What is Computerised Accounting? Describe its advantages, importance and limitations and computer programs for accounting.
- How Computer based auditing is different from manual Auditing? Also explain the process of Computer based audit.
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SECTION-E
- Write short note on :
- Double Entry System
- Why trail Balance is Prepared?
- Profitability Ratio
- Budgetary Control
- Cash flow statement
- Nature of Marginal Costing
- Difference between Manual Auditing and Computer based Auditing
- Financial Management
- Going Concern concept
- Partnership deed
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NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any page of Answer Sheet will lead to UMC against the Student.
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This download link is referred from the post: PTU MCA Last 10 Years 2011-2021 Previous Question Papers|| Punjab Technical University