Download JNTU Anantapur (JNTU Anantapur) Master of Computer Applications (MCA) 2018 June-July Regular Supply 1st Sem 9FHS103 Accounting and Financial Management Previous Question Paper
MCA I Semester Supplementary Examinations June/July 2018
ACCOUNTING & FINANCIAL MANAGEMENT
(For 2011 (LC), 2012, 2013, 2014, 2015 & 2016 admitted batches only)
Time: 3 hours Max. Marks: 60
Answer any FIVE questions
All questions carry equal marks
*****
1 Explain the concepts and conventions of financial accounting.
2 From the following information, prepare final accounts for the year ending 31
st
December 2016.
Particulars Amount ( ) Particulars Amount ( )
Capital 10,000 Debtors 7,500
Drawings 2,000 Return inwards 300
Purchases 20,800 Return outwards 580
Opening stock 6,900 Carriage inwards 400
Sales 27,500 Wages 325
Creditors 8,100 Salaries 900
Rent 1,000 Interest 480
Discount (Cr.) 270 Carriage outwards 700
Furniture 900 Insurance 900
Machinery 5,000 Bank loan 3,000
Travelling expenses 650 Cash 575
Bad debts 120
Adjustments:
(i) Closing stock was valued at Rs. 8,500.
(ii) Depreciate machinery and furniture at 10%.
3 Discuss the nature and scope of financial management under the complex business environment of
today.
4 Using the below information, you are required to, calculate weighted average cost of capital (WACC)
based on book-value and market-value weights assuming a tax rate of 33% for the company.
Sources of finance Book values (Rs) market values (Rs) Cost (%)
Equity share capital 6,00,000 9,00,000 16
Retained earnings 2,00,000 3,00,000 16
Preference capital 3,00,000 3,80,000 11
Debt 5,50,000 6,25,000 9
5 What is ratio analysis? Explain its advantages and limitations with its classification.
6 How do you prepare funds flow statement? State the uses of funds flow analysis.
Contd. in page 2
Page 1 of 2
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Code: 9FHS103
MCA I Semester Supplementary Examinations June/July 2018
ACCOUNTING & FINANCIAL MANAGEMENT
(For 2011 (LC), 2012, 2013, 2014, 2015 & 2016 admitted batches only)
Time: 3 hours Max. Marks: 60
Answer any FIVE questions
All questions carry equal marks
*****
1 Explain the concepts and conventions of financial accounting.
2 From the following information, prepare final accounts for the year ending 31
st
December 2016.
Particulars Amount ( ) Particulars Amount ( )
Capital 10,000 Debtors 7,500
Drawings 2,000 Return inwards 300
Purchases 20,800 Return outwards 580
Opening stock 6,900 Carriage inwards 400
Sales 27,500 Wages 325
Creditors 8,100 Salaries 900
Rent 1,000 Interest 480
Discount (Cr.) 270 Carriage outwards 700
Furniture 900 Insurance 900
Machinery 5,000 Bank loan 3,000
Travelling expenses 650 Cash 575
Bad debts 120
Adjustments:
(i) Closing stock was valued at Rs. 8,500.
(ii) Depreciate machinery and furniture at 10%.
3 Discuss the nature and scope of financial management under the complex business environment of
today.
4 Using the below information, you are required to, calculate weighted average cost of capital (WACC)
based on book-value and market-value weights assuming a tax rate of 33% for the company.
Sources of finance Book values (Rs) market values (Rs) Cost (%)
Equity share capital 6,00,000 9,00,000 16
Retained earnings 2,00,000 3,00,000 16
Preference capital 3,00,000 3,80,000 11
Debt 5,50,000 6,25,000 9
5 What is ratio analysis? Explain its advantages and limitations with its classification.
6 How do you prepare funds flow statement? State the uses of funds flow analysis.
Contd. in page 2
Page 1 of 2
Code: 9FHS103
7 The total sales and total costs of a company during two years was as follows:
Year Total sales(Rs) Total costs (Rs)
2015 2,22,300 1,98,360
2016 2,45,100 2,14,320
You are required to calculate: (i) P/V ratio. (ii) BEP. (iii) Sales required to earn a profit of Rs. 40,000.
(iv) Margin of safety for two years.
8 X Ltd. is contemplating two mutually exclusive projects A & B. The following information is available
related to two projects.
Project ? A Project ? B PV@10%
Initial Investment Rs. 50,000 Rs. 50,000
CFAT: Year 1 10,000 25,000 0.909
Year 2 20,000 20,000 0.826
Year 3 25,000 15,000 0.751
Year 4 15,000 10,000 0.683
Year 5 10,000 5,000 0.621
Assume firms cost of capital to be 10%.
Advise, which project is preferred?
*****
Page 2 of 2
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This post was last modified on 28 July 2020