B.Com-COMMERCE 6th Sem ACCOUNTING AND INFORMATION SYSTEMS(Bangalore University, Bangalore-2008)

VI Semester B.Com, Examination, May / June 2008
(Semester Scheme)
COMMERCE - Elective paper - 4 (a)
Accounting and Information Systems

Time : 3 Hours Max. Marks : 80

SECTION - A

1. Answer any ten of the following sub-questions. Each carries 2 marks. (10x2=20)

a> Give the meaning of Accounting and Information system.
b> What is knowledge management ? What does it facilitate ?
c> Name the four ‘Computerised accounting softwares’.
d> How do you ‘create a company’ in Tally ?
e> What do you mean by ‘Reversing Journals’ ?
f> Name the commands used for : F11, ALT + F11
F12, ALT + F12
g> How many Accounting groups and vouchers can be viewed on creation of a company screen by default ?
h> How do you create ‘cost categories and cost centres’ ?
i> How do you arrive at ‘vouchers and inventory vouchers screen’ ?
j> Give the list of ‘stock groups’.
k> What do you mean by ‘MIS’ ?
l> When was VAT implemented in India and Karnataka ?

SECTION - B

Answer any six questions of the following. Each caries five marks : (6x5=30)

2. Enlist the steps involved in transition from manual accounting to computer accounting.

3. Narrate the scope of accounting and information system.

4. Enlist various accounting books generated for computerization of accounting system in a business concern.

5. List out the different types of ‘vouchers’ found in accounting tally.

6. Give the commands for creating / viewing the following :

i) Cash book ii) Bank book
iii) Ledger iv) Trial balance
v) Ledgerwise T.B. vi) T.B. with percentage

7. Distinguish between
i) Accounting and Auditing
ii) Auditing and Investigation

8. Design the format of ‘Purchase order’ with the following information :

Invoice To …………. Order No. Date
Supplier Name …….. Mode of payment …………days
Description of Goods ………. Ref. : ………….
(Date, Qty., rate, unit & amt.) Despatch through - Destination
Amount chargeable : …………. Terms of delivery
VAT and CST Authorised signatory

9. Narrate the scope of MIS.

SECTION - C

Answer any two questions. Each carries 15 marks : (2x15=30)

10. Compare and contrast Manual Accounting V/s Computerised Accounting.

11. Explain the steps followed in implementing proper accounting and inventory operational system in Trading - Manufacturing and Non-trading activities.

12. ABC Ltd., supplies you the following from its cost records.

Rs. Rs.
Direct wages 6,00,000 Loss on sale of office furniture 250
Materials consumed 7,20,000 Other indirect wages 6,000
Other materials 36,000 Stores expenses 6,500
Carriage on purchases 8,640 Sales 20,00,000
Wages of foremen 48,000 Drawing office expenses 36,000
Power and Fuel 54,000 Income tax 22,000
Printing & Stationery 12,000 Donation 5,000
Office salaries 72,000 Stock on 1-1-2006 :
ESI 6,000 Raw Materials 1,20,000
Materials transferred to W.I.P 28,800
Job No. 64 2,000 Finished products ?
(6,000 units)
Stock on 31.12.2006 :
Raw Materials 1,33,000
W.I.P 96,000
Finished products ?
(12,000 units)

Selling expenses to be created at Rs. 2 per unit. During the year 96,000 units were produced.

Prepare a statement of cost.

13. Prepare the vertical Balance Sheet of M/s. EPSS International Ltd. showing sources of funds and application of funds from the following data as at 31.3.2006 and 31.3.2007.

Particulars Balance on
31.3.2007 31.3.2006
Rs. Rs.

Authorised capital 1,00,000 shares of 100,00,000 100,00,000
Rs. 100 each

Issued, subscribed & paid up capital
25,000 shares of Rs. 100 each fully paid 25,00,000 25,00,000

Reserves and surplus 1,21,200 32,560

Loans : BOD A/c 29,58,760 30,42,500
Secures Loans 36,34,230 39,35,200
Unsecures Loans 10,00,000 10,00,000

Investments 3,00,000 3,00,000

Current Assets, Loans and Advances :
Current Assets :
Closing stock 26,61,235 32,13,150
Deposits in Bank 4,80,000 4,25,000
Sundry Debtors 65,30,000 52,45,000
Cash in hand 45,680 56,250
Bank accounts 9,25,750 8,45,235

Loans and Advances 19,71,000 18,50,000

Fixed Assets : Gross block of assets 52,14,810 49,24,810
Less : Accumulated Depreciation 12,82,860 11,63,110

Current liabilities 66,31,425 51,86,075

Also make comments on the true and fair view of the state of affairs of the company.