Download JNTUH (Jawaharlal Nehru Technological University Hyderabad) MBA (Master of Business Administration) 1st Semester (First Semester) R17 2018 Dec 741AC Financial Accounting And Analysis Previous Question Paper
Code No: 741AC
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MBA I semester Examinations, December - 2018
FINANCIAL ACCOUNTING AND ANALYSIS
Time: 3 Hours Max.Marks:75
Note: 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 ? 5 Marks = 25
1.a) Define Accounting. Give the Classification of Accounts. [5]
b) What is meant by ?Depreciation?? List out any three objectives of providing
Depreciation. [5]
c) Explain the concept of inventory Valuation. [5]
d) What is meant by cash from Operations? How can it be determined? [5]
e) Draw Du Pont Control Chart by providing required data. [5]
PART - B 5 ? 10 Marks = 50
2. Describe the meaning of ?Amounting Principles?, what are the essential features? [10]
OR
3. Describe the managerial uses, applications and limitations of accounting. [10]
4. From the following Trail Balance, Prepare the Trading and profit and Loss Account of
Mr.Ramu for the year ended December 31, 2015 and the Balance sheet as on the Date
Particulars Debit Credit
Rs Rs
Ramu Capital - 4,000
Plant and machinery 5,000 -
Office Furniture?s and fittings 260 -
Stocks on January 1,2015 4,800 -
Motor Van 1,200 -
Sundry Debtors 4,470 -
Cash in Hand 40 -
Cash in bank 650 -
Wages 15,000 -
Salaries 1,400 -
Purchases 21,350 -
Sales - 48,000
Bills Receivable 720 -
Bills Payable - 560
Sundry Creditors - 5,200
Returns Inwards 930
Provision for doubtful debts - 250
Drawings 700 -
Return outwards - 550
Rent 600
Factory Lighting and heating 80 -
Insurance 680 -
General Expenses 250 -
Bad debts 200 -
Discount 650 420
58980 58980
R17
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Code No: 741AC
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MBA I semester Examinations, December - 2018
FINANCIAL ACCOUNTING AND ANALYSIS
Time: 3 Hours Max.Marks:75
Note: 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 ? 5 Marks = 25
1.a) Define Accounting. Give the Classification of Accounts. [5]
b) What is meant by ?Depreciation?? List out any three objectives of providing
Depreciation. [5]
c) Explain the concept of inventory Valuation. [5]
d) What is meant by cash from Operations? How can it be determined? [5]
e) Draw Du Pont Control Chart by providing required data. [5]
PART - B 5 ? 10 Marks = 50
2. Describe the meaning of ?Amounting Principles?, what are the essential features? [10]
OR
3. Describe the managerial uses, applications and limitations of accounting. [10]
4. From the following Trail Balance, Prepare the Trading and profit and Loss Account of
Mr.Ramu for the year ended December 31, 2015 and the Balance sheet as on the Date
Particulars Debit Credit
Rs Rs
Ramu Capital - 4,000
Plant and machinery 5,000 -
Office Furniture?s and fittings 260 -
Stocks on January 1,2015 4,800 -
Motor Van 1,200 -
Sundry Debtors 4,470 -
Cash in Hand 40 -
Cash in bank 650 -
Wages 15,000 -
Salaries 1,400 -
Purchases 21,350 -
Sales - 48,000
Bills Receivable 720 -
Bills Payable - 560
Sundry Creditors - 5,200
Returns Inwards 930
Provision for doubtful debts - 250
Drawings 700 -
Return outwards - 550
Rent 600
Factory Lighting and heating 80 -
Insurance 680 -
General Expenses 250 -
Bad debts 200 -
Discount 650 420
58980 58980
R17
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The Following adjustments are to be made
a) Stock on December 31, 2015, Rs:5,200/-
b) 3 months factory lighting and heating is due but not paid Rs:30/-
c) 5% Depreciations to be written off on furniture,
d) Write off further bad debts Rs70. [10]
OR
5.a) India Ltd. charges depreciation on plant and machinery under Reducing balance
System @ 15% Per Annum. On 1.4.2014 the balance in Ledger stood at Rs.4, 60,000.
The following particulars are given relating to plant and machinery during three four
years ended 31.3.2018
Show the plant and machinery Account as would appear in books of the company for
the four year ended 31.3.2018 assuming depreciation is charged proportionately even
if the asset is sold or destroyed
b) What are the ingredients necessary for calculating depreciation? [5+5]
6.a) Balaji industries had an opening stock of 300 units of materials valued at Rs.600
Receipts and Issues during August 2017 were as follows
Units Value
(Rs)
August 2 Received 200 440
August 4 issued 150 -
August 6 Received 200 460
August 11 issued 150 -
August 19 issued 200 -
August 22 Received 200 480
August 31 issued 250 -
Show the stores ledger using LIFO Method.
b) Describe the limitations of single entry system of accounting. [6+4]
OR
7. Shri Shankar keeps his book on single entry and following is disclosed from his
records.
Particulars 31.12.06 Rs 31.12.07 Rs
Balance at bank (Cr)2,100 (Dr)5,600
Stock in trade 15,000 20,000
Sundry debtors 30,000 28,500
Furniture 5,000 5,000
Investments 5,000 5,000
Cash in hand 100 400
Sundry creditors 25,000 27,000
Bill payable 1,000 500
Loan from Dayalan - 3,000
(i) 1.9.2014 : A machine purchased for Rs.20,000 (Installation Expenses Rs.1,000) on
1.5.2012 was fully destroyed in an accident
(ii) 1.7.2015 : Purchased a new machine costing Rs.50,000 (Installation Expenses
Rs.2,500) .A sum of Rs.30,000 was paid on the same date and balance
was paid in May 2000
(iii)31.8.2016 : Plant purchased on 1.4.2013 for Rs.30,000 (Installation Expenses
Rs.1,500) was disposed off for Rs.36,000.
(iv)1.11.2017 : Some old machineries (Book value on 1.4.2014 at Rs.10,000 )were sold
for Rs.4,000
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Code No: 741AC
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MBA I semester Examinations, December - 2018
FINANCIAL ACCOUNTING AND ANALYSIS
Time: 3 Hours Max.Marks:75
Note: 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 ? 5 Marks = 25
1.a) Define Accounting. Give the Classification of Accounts. [5]
b) What is meant by ?Depreciation?? List out any three objectives of providing
Depreciation. [5]
c) Explain the concept of inventory Valuation. [5]
d) What is meant by cash from Operations? How can it be determined? [5]
e) Draw Du Pont Control Chart by providing required data. [5]
PART - B 5 ? 10 Marks = 50
2. Describe the meaning of ?Amounting Principles?, what are the essential features? [10]
OR
3. Describe the managerial uses, applications and limitations of accounting. [10]
4. From the following Trail Balance, Prepare the Trading and profit and Loss Account of
Mr.Ramu for the year ended December 31, 2015 and the Balance sheet as on the Date
Particulars Debit Credit
Rs Rs
Ramu Capital - 4,000
Plant and machinery 5,000 -
Office Furniture?s and fittings 260 -
Stocks on January 1,2015 4,800 -
Motor Van 1,200 -
Sundry Debtors 4,470 -
Cash in Hand 40 -
Cash in bank 650 -
Wages 15,000 -
Salaries 1,400 -
Purchases 21,350 -
Sales - 48,000
Bills Receivable 720 -
Bills Payable - 560
Sundry Creditors - 5,200
Returns Inwards 930
Provision for doubtful debts - 250
Drawings 700 -
Return outwards - 550
Rent 600
Factory Lighting and heating 80 -
Insurance 680 -
General Expenses 250 -
Bad debts 200 -
Discount 650 420
58980 58980
R17
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The Following adjustments are to be made
a) Stock on December 31, 2015, Rs:5,200/-
b) 3 months factory lighting and heating is due but not paid Rs:30/-
c) 5% Depreciations to be written off on furniture,
d) Write off further bad debts Rs70. [10]
OR
5.a) India Ltd. charges depreciation on plant and machinery under Reducing balance
System @ 15% Per Annum. On 1.4.2014 the balance in Ledger stood at Rs.4, 60,000.
The following particulars are given relating to plant and machinery during three four
years ended 31.3.2018
Show the plant and machinery Account as would appear in books of the company for
the four year ended 31.3.2018 assuming depreciation is charged proportionately even
if the asset is sold or destroyed
b) What are the ingredients necessary for calculating depreciation? [5+5]
6.a) Balaji industries had an opening stock of 300 units of materials valued at Rs.600
Receipts and Issues during August 2017 were as follows
Units Value
(Rs)
August 2 Received 200 440
August 4 issued 150 -
August 6 Received 200 460
August 11 issued 150 -
August 19 issued 200 -
August 22 Received 200 480
August 31 issued 250 -
Show the stores ledger using LIFO Method.
b) Describe the limitations of single entry system of accounting. [6+4]
OR
7. Shri Shankar keeps his book on single entry and following is disclosed from his
records.
Particulars 31.12.06 Rs 31.12.07 Rs
Balance at bank (Cr)2,100 (Dr)5,600
Stock in trade 15,000 20,000
Sundry debtors 30,000 28,500
Furniture 5,000 5,000
Investments 5,000 5,000
Cash in hand 100 400
Sundry creditors 25,000 27,000
Bill payable 1,000 500
Loan from Dayalan - 3,000
(i) 1.9.2014 : A machine purchased for Rs.20,000 (Installation Expenses Rs.1,000) on
1.5.2012 was fully destroyed in an accident
(ii) 1.7.2015 : Purchased a new machine costing Rs.50,000 (Installation Expenses
Rs.2,500) .A sum of Rs.30,000 was paid on the same date and balance
was paid in May 2000
(iii)31.8.2016 : Plant purchased on 1.4.2013 for Rs.30,000 (Installation Expenses
Rs.1,500) was disposed off for Rs.36,000.
(iv)1.11.2017 : Some old machineries (Book value on 1.4.2014 at Rs.10,000 )were sold
for Rs.4,000
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Shri Shankar transferred Rs.250 each month during first half year and Rs.200 each
month for the remaining period from the business to his daughters banking account by
way of drawings. In addition he withdraws Rs.5000 for his daughter?s marriage and
Rs.1000 for charitable purpose. He also withdraws goods worth Rs.5000. of which he
invested into the business Rs.4000. he sold his private car Rs.3500 and proceeds were
utilized for business.
He wants his furniture to be depreciated at 10% and reserve for doubtful debts to be
created at 5%.He does not paid two months? salary to his clerk @Rs.150 P.m/and two
months? rent of shop was outstanding amounting to Rs.200. Commission earned but not
yet received by him was Rs.2400, prepare statement of profit or loss for the year ending
31.12.07. [10]
8. From the following data of national Auto Ltd. for the year 2015 and 2016, Prepare a
cashflow statement:
Particulars 2015 2016
Rs. Rs
Cash 2,000 2,500
Accounts receivable 2,400 2,700
Inventories 3,100 3,200
Other current assets 800 700
Fixed assets 5,000 5,800
Accumulated depreciation 2,100 2,500
Accounts payable 2,000 2,100
Long term debt 1,400 1,300
Equity capital 5,000 5,300
Retained earnings 2,800 3,700
The following additional information is also available
a) Fixed assets costing Rs.1200 were purchased for cash.
b) Fixed assets (Original cost of Rs.400 accumulated depreciation Rs.150 were sold for
Rs.200.
c) Depreciation for the year 2016 amounted to Rs.550 and duly debited to profit & loss
account.
d) Dividend paid amounted to Rs.300 in 2016.
e) Reported income for 2016 was Rs.2400. [10]
OR
9. Describe the advantages and limitations of cash flow analysis. [10]
10. With the help of the following Ratios regarding Narmadha Tex, draw the Trading Profit
and Loss A/C and Balance Sheet of the company for the year 2017
a) Current Ratio : 2.5
b) Liquidity Ratio : 1.5
c) Net working capital : Rs.3,00,000
d) Stock Turnover Ratio : 6 times (cost of sales /Closing stock)
e) Gross profit Ratio : 20%
f) Fixed assets Turnover Ratio (on cost of sales) : 2 times
g) Debt Collection Period : 2 Months
h) Fixed Assets to Shareholder?s Net worth : 0.80
i) Reserves and Surplus to Capital : 0.5
[10]
OR
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Code No: 741AC
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MBA I semester Examinations, December - 2018
FINANCIAL ACCOUNTING AND ANALYSIS
Time: 3 Hours Max.Marks:75
Note: 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 ? 5 Marks = 25
1.a) Define Accounting. Give the Classification of Accounts. [5]
b) What is meant by ?Depreciation?? List out any three objectives of providing
Depreciation. [5]
c) Explain the concept of inventory Valuation. [5]
d) What is meant by cash from Operations? How can it be determined? [5]
e) Draw Du Pont Control Chart by providing required data. [5]
PART - B 5 ? 10 Marks = 50
2. Describe the meaning of ?Amounting Principles?, what are the essential features? [10]
OR
3. Describe the managerial uses, applications and limitations of accounting. [10]
4. From the following Trail Balance, Prepare the Trading and profit and Loss Account of
Mr.Ramu for the year ended December 31, 2015 and the Balance sheet as on the Date
Particulars Debit Credit
Rs Rs
Ramu Capital - 4,000
Plant and machinery 5,000 -
Office Furniture?s and fittings 260 -
Stocks on January 1,2015 4,800 -
Motor Van 1,200 -
Sundry Debtors 4,470 -
Cash in Hand 40 -
Cash in bank 650 -
Wages 15,000 -
Salaries 1,400 -
Purchases 21,350 -
Sales - 48,000
Bills Receivable 720 -
Bills Payable - 560
Sundry Creditors - 5,200
Returns Inwards 930
Provision for doubtful debts - 250
Drawings 700 -
Return outwards - 550
Rent 600
Factory Lighting and heating 80 -
Insurance 680 -
General Expenses 250 -
Bad debts 200 -
Discount 650 420
58980 58980
R17
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The Following adjustments are to be made
a) Stock on December 31, 2015, Rs:5,200/-
b) 3 months factory lighting and heating is due but not paid Rs:30/-
c) 5% Depreciations to be written off on furniture,
d) Write off further bad debts Rs70. [10]
OR
5.a) India Ltd. charges depreciation on plant and machinery under Reducing balance
System @ 15% Per Annum. On 1.4.2014 the balance in Ledger stood at Rs.4, 60,000.
The following particulars are given relating to plant and machinery during three four
years ended 31.3.2018
Show the plant and machinery Account as would appear in books of the company for
the four year ended 31.3.2018 assuming depreciation is charged proportionately even
if the asset is sold or destroyed
b) What are the ingredients necessary for calculating depreciation? [5+5]
6.a) Balaji industries had an opening stock of 300 units of materials valued at Rs.600
Receipts and Issues during August 2017 were as follows
Units Value
(Rs)
August 2 Received 200 440
August 4 issued 150 -
August 6 Received 200 460
August 11 issued 150 -
August 19 issued 200 -
August 22 Received 200 480
August 31 issued 250 -
Show the stores ledger using LIFO Method.
b) Describe the limitations of single entry system of accounting. [6+4]
OR
7. Shri Shankar keeps his book on single entry and following is disclosed from his
records.
Particulars 31.12.06 Rs 31.12.07 Rs
Balance at bank (Cr)2,100 (Dr)5,600
Stock in trade 15,000 20,000
Sundry debtors 30,000 28,500
Furniture 5,000 5,000
Investments 5,000 5,000
Cash in hand 100 400
Sundry creditors 25,000 27,000
Bill payable 1,000 500
Loan from Dayalan - 3,000
(i) 1.9.2014 : A machine purchased for Rs.20,000 (Installation Expenses Rs.1,000) on
1.5.2012 was fully destroyed in an accident
(ii) 1.7.2015 : Purchased a new machine costing Rs.50,000 (Installation Expenses
Rs.2,500) .A sum of Rs.30,000 was paid on the same date and balance
was paid in May 2000
(iii)31.8.2016 : Plant purchased on 1.4.2013 for Rs.30,000 (Installation Expenses
Rs.1,500) was disposed off for Rs.36,000.
(iv)1.11.2017 : Some old machineries (Book value on 1.4.2014 at Rs.10,000 )were sold
for Rs.4,000
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Shri Shankar transferred Rs.250 each month during first half year and Rs.200 each
month for the remaining period from the business to his daughters banking account by
way of drawings. In addition he withdraws Rs.5000 for his daughter?s marriage and
Rs.1000 for charitable purpose. He also withdraws goods worth Rs.5000. of which he
invested into the business Rs.4000. he sold his private car Rs.3500 and proceeds were
utilized for business.
He wants his furniture to be depreciated at 10% and reserve for doubtful debts to be
created at 5%.He does not paid two months? salary to his clerk @Rs.150 P.m/and two
months? rent of shop was outstanding amounting to Rs.200. Commission earned but not
yet received by him was Rs.2400, prepare statement of profit or loss for the year ending
31.12.07. [10]
8. From the following data of national Auto Ltd. for the year 2015 and 2016, Prepare a
cashflow statement:
Particulars 2015 2016
Rs. Rs
Cash 2,000 2,500
Accounts receivable 2,400 2,700
Inventories 3,100 3,200
Other current assets 800 700
Fixed assets 5,000 5,800
Accumulated depreciation 2,100 2,500
Accounts payable 2,000 2,100
Long term debt 1,400 1,300
Equity capital 5,000 5,300
Retained earnings 2,800 3,700
The following additional information is also available
a) Fixed assets costing Rs.1200 were purchased for cash.
b) Fixed assets (Original cost of Rs.400 accumulated depreciation Rs.150 were sold for
Rs.200.
c) Depreciation for the year 2016 amounted to Rs.550 and duly debited to profit & loss
account.
d) Dividend paid amounted to Rs.300 in 2016.
e) Reported income for 2016 was Rs.2400. [10]
OR
9. Describe the advantages and limitations of cash flow analysis. [10]
10. With the help of the following Ratios regarding Narmadha Tex, draw the Trading Profit
and Loss A/C and Balance Sheet of the company for the year 2017
a) Current Ratio : 2.5
b) Liquidity Ratio : 1.5
c) Net working capital : Rs.3,00,000
d) Stock Turnover Ratio : 6 times (cost of sales /Closing stock)
e) Gross profit Ratio : 20%
f) Fixed assets Turnover Ratio (on cost of sales) : 2 times
g) Debt Collection Period : 2 Months
h) Fixed Assets to Shareholder?s Net worth : 0.80
i) Reserves and Surplus to Capital : 0.5
[10]
OR
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11. The comparative Balance sheet of Kowranth Ltd are given below Balance sheet as on
31.12.2016 and 2017 [ Rs in?000?]
Liabilities 2016 2017 Assets 2016 2017
Equity share capital 800 1200 Cash 236 20
Capital Reserve 120 220 Debtors 418 380
General Reserve 444 418 Stock 320 260
Sinking fund 80 100 Others 64 26
6% Debentures
Current liabilities
400 650 Investments 540 340
Sundry creditors 510 234 Fixed assets
Others 14 20 Furniture less Depri 18 36
Building Less Depri 620 1572
Land 40 60
Other ASSETS 112 148
2368 2842 2368 2842
Comment upon the significant changes that have taken place during the year 2017.
[10]
--ooOoo--
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This post was last modified on 23 October 2020