Jawaharlal Nehru Technological University Hyderabad 2010-1st Sem M.C.A -ester Supplementary s ACCOUNTING AND FINANCIAL MANAGEMENT - Question Paper

Code No: 21005
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD
MCA-I Semester Supplementary exams July 2010
ACCOUNTING AND FINANCIAL MANAGEMENT
Time: 3hours Max.Marks:60
ans any 5 ques.
All ques. carry equal Marks
- - -
1.a) discuss the various categories in which the accounting transactions can be
classified. Also state the rules of debit and credit in this connection.
b) Differentiate ranging from Management Accounting and Cost Accounting. How
Financial Accounting is various from these 2 accounting systems?
2. discuss different steps in MIS development. elaborate the principles and objectives
of MIS?
3. discuss the following:
a) Overheads
b) Operating Costing
c) Batch Costing
d) P/V Ratio
e) Semi-Fixed Costs
f) Margin of Safety
4. The subsequent are the summarized balance sheet of X company as on December
2002 and 2003.
Liabilities 2002 2003 Assets 2002 2003
Share Capital 200000 250000 Lands& Buildings 200000 190000
General Reserve 50000 60000 Machinery 150000 169000
Profit & Loss A/C 30500 30600 Stock 100000 74000
Bank Loan(LT) 70000 ---- Sundry Debtors 80000 64200
Sundry Creditors 150000 135200 Cash 500 600
Provision for Taxation 30000 35000 Bank ---- 8000
Goodwill --- 5000
530500 510800 530500 510800
Additional Information:
During the year ended 31st December, 2003
(1) Dividend of Rs 2300 was paid.
(2) Assets of a different company were purchased: Stock 20,000, Machinery
25,000.
(3) Machinery was further purchased for Rs.8,000.
(4) Depreciation written off on machinery Rs.12,000.
(5) Income Tax given during the year Rs.33,000.
(6) Loss on sale of machinery Rs.200 was written off to General Reserve.
Cont…2
You are needed to prepare:
(a) Statement of modifications in a/c
(b) Funds Flow Statement and
(c) Cash Flow Statement.
5. With the subsequent ratios and further info provided below, prepare a trading
and Profit and Loss A/C and Balance Sheet.
(1) Gross Profit Ratio 25%
(2) Net Profit Ratio 20%
(3) Stock Turn over Ratio 10
(4) Net Profit/Capital = 1/5, Capital to Total Liabilities 1/2, Fixed assets to
capital 5/4, Fixed Assets/Total Current Assets = 5/7, Fixed Assets =
10,00,000, Closing Stock = Rs.1,00,000.
6.a) discuss different steps that are involved in Capital Expenditure Budget.
b) describe Budgeting Control and State its objectives.
7. Vinayak Ltd has furnished you the subsequent info for the month of
August, 2009.
Particulars Budget true
Output(Units) 30000 32500
Hours 30000 33000
Fixed Overheads Rs.45000 Rs.50000
Variable Overheads Rs.60000 Rs.68000
Working Days 25 25
compute the Variances and provide inferences.
8. A option is to be made ranging from 2 competing projects which require an equal
investment of Rs.50,000 and are expected to generate net cash flows as under:
End of the year Project-I (Rs) Project-II (Rs)
1 25000 10000
2 15000 12000
3 10000 18000
4 NIL 25000
5 12000 8000
6 6000 4000
The cost of capital of the company is 10%. Using NPV and PBP recommend
which project is advisable.
*******

Earning:   Approval pending.