Download JNTU Anantapur (JNTU Anantapur) Master of Computer Applications (MCA) 2018 June-July Regular Supply 1st Sem 17FHS102 Accounting and Finanical Management Previous Question Paper
MCA I Semester Supplementary Examinations June/July 2018
ACCOUNTING & FINANCIAL MANAGEMENT
(For students admitted in 2017 only)
Time: 3 hours Max. Marks: 60
Answer all the questions
*****
1 Define accounting. Explain need, functions and attributes of accounting.
OR
2 From the following trial balance of M/s Ramesh & sons, prepare trading and profit & loss account for
the year ended 31
st
March 2017.
Particulars Debit Rs. Credit Rs.
Ramesh & sons capital 62,000
Stock (01-04-2016) 23,000
Purchases & sales 32,000 53,700
Sales and purchase returns 2,000 1,500
Wages 1,800
Land & building 52,000
Freight & carriage 2,700
Trade expenses 1,300
Advertisement 1,500
Interest 800
Debtors and creditors 28,000 32,000
Cash in hand 1,200
Salaries 2,500
Carriage expenses 2,000
1,50,000 1,50,000
Adjustment: Stock on 31
st
March 2017 was valued at Rs.3,000.
3 What is cost accounting? Differentiate between cost accounting and financial accounting.
OR
4 Sales 1,80,000
Less: V.C
Contribution
1,44,000
36,000
Less: Fixed overhead
Net profit
24,000
You are required to calculate:
12,000
(i) P/V ratio, B.E.P, net profit for the sale of Rs.2,70,000 and required sales to earn a profit of
Rs.24,000.
5 What is fund flow-statement? Examine its uses and significance for management.
OR
6 The following is the balance sheet of Kalyani electric Co. as on 30
th
June 2017.
Liabilities Rs. Assets Rs.
Equity capital 3,00,000 Land and building 1,50,000
Sundry creditors 48,000 Plant and machinery 85,000
Bills payable 10,000 Short term investments 16,000
Bank overdraft 5,000 Stock-in-trade 50,000
outstanding expenses 2,000 debtors 59,000
Prepaid expenses 1,000
Cash in hand 4,000
3,65,000 3,65,000
Contd. in page 2
Page 1 of 2
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Code: 17FHS102
MCA I Semester Supplementary Examinations June/July 2018
ACCOUNTING & FINANCIAL MANAGEMENT
(For students admitted in 2017 only)
Time: 3 hours Max. Marks: 60
Answer all the questions
*****
1 Define accounting. Explain need, functions and attributes of accounting.
OR
2 From the following trial balance of M/s Ramesh & sons, prepare trading and profit & loss account for
the year ended 31
st
March 2017.
Particulars Debit Rs. Credit Rs.
Ramesh & sons capital 62,000
Stock (01-04-2016) 23,000
Purchases & sales 32,000 53,700
Sales and purchase returns 2,000 1,500
Wages 1,800
Land & building 52,000
Freight & carriage 2,700
Trade expenses 1,300
Advertisement 1,500
Interest 800
Debtors and creditors 28,000 32,000
Cash in hand 1,200
Salaries 2,500
Carriage expenses 2,000
1,50,000 1,50,000
Adjustment: Stock on 31
st
March 2017 was valued at Rs.3,000.
3 What is cost accounting? Differentiate between cost accounting and financial accounting.
OR
4 Sales 1,80,000
Less: V.C
Contribution
1,44,000
36,000
Less: Fixed overhead
Net profit
24,000
You are required to calculate:
12,000
(i) P/V ratio, B.E.P, net profit for the sale of Rs.2,70,000 and required sales to earn a profit of
Rs.24,000.
5 What is fund flow-statement? Examine its uses and significance for management.
OR
6 The following is the balance sheet of Kalyani electric Co. as on 30
th
June 2017.
Liabilities Rs. Assets Rs.
Equity capital 3,00,000 Land and building 1,50,000
Sundry creditors 48,000 Plant and machinery 85,000
Bills payable 10,000 Short term investments 16,000
Bank overdraft 5,000 Stock-in-trade 50,000
outstanding expenses 2,000 debtors 59,000
Prepaid expenses 1,000
Cash in hand 4,000
3,65,000 3,65,000
Contd. in page 2
Page 1 of 2
Code: 17FHS102
7 Define financial management. What is the role of finance function in an organization?
OR
8 (a) What do you understand by time value of money?
(b) Discuss the following: (i) Future value. (ii) Present value of money.
9 What do you understand by capital budgeting? How do you classify different kinds of projects?
OR
10 Pay early ltd is planning a major investment to expand its current manufacturing of digital clocks with
initial outlay of Rs.350 lakh. The finance department has projected a following cash flows even the
next 7 years considered to be life of the project:
Year 0 1 2 3 4 5 6 7
Cash flows (Rs.lakh) 350 100 150 400 450 300 250 50
(i) What is the payback period of the project?
(ii) What is the discounted payback period assuming that discounting is done at 15%?
*****
Page 2 of 2
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This post was last modified on 28 July 2020