Bangalore University 2010-1st Sem B.Com Accounting and Finance Vester , /e (Semester scheme) COMMERCE Elective -4(a) : Accounting Information System - Question Paper

VI semester B.Com examination, May/June 2010
(Semester scheme)
COMMERCE
Elective Paper-4(a) : Accounting info System
Time : three hrs max.marks:80 max. marks:90

SECTION-A
1. Answer any 10 sub-questions. every sub ques. carries two marks (10x2=20).

a) Define Accounting.
b) Mention any 4 kinds of accounting softwares.
c) What is meant by journal voucher? provide an example.
d) State the primary groups of revenue in nature.
e) Write commands for creation and alteration of ledgers.
f) Define cost centre. How do you create it?
g) Narrate the procedure of calculation of VAT with an example.
h) State the command to display VAT reports in tally.
i) What is meant by management reporting?
j) What is info audit?
k) Mention the techniques of financial analysis.
l) What are the managerial uses of funds flow analysis?

SECTION-B
ans any 6 of the subsequent. every ques. carries five marks. (6x5=30)

2. State the features of computerized accounting.
3. Mention the importance of the command F11 in tally.

4. Write the commands to view in detail the following:
a) Day book
b) Cash account
c) Trail balance
d) P/L account
e) Balace sheet.

5. Distinguish ranging from financial accounting and management accounting.
6. Define MIS.state its features.
7. What are the differences ranging from auditing and investigation?

8. State the commands for creation of the following:
a) Fodown for Raw-material.
b) Stock group for Raw-material
c) Stock catigories
d) Unit of measurement
e) Stock item creation.

9. What is meant by VAT? elaborate its advantages?

SECTION-C
ans any 2 of the subsequent. every ques. carries 15 marks(2x15=30)

10. Create necessary ledgers and mention the procedure for making the voucher entries for the subsequent transactions.

1-4-2010 : Murthy started a business by bringing in cash of Rs.3,00,000.
2-4-2010 : Murthy opened a bank account with Canara Bank, Bangalore for the firm depositing
Cash Rs.2,00,000.
4-4-2010: He had rented an office space for Rs.3,000 p.m. on first April 2010 and has now paid
Security deposit of Rs.30,000 by cheque.
6-4-2010 : He hired Mr.Gupta as Assistant Manager Marketing on a monthly salary of Rs.10,000.
9-4-2010: Murthy issued cheques and purchased the subsequent.
Furniture : Rs.10,000
Air conditioner: Rs.20,000
Electrical fitting: Rs.15,000
12-4-2010: paid wages Rs.2,500
15-4-2010: received commission Rs.6,000
18-4-2010: purchased goods from Aravind Traders for Rs.30,000
20-4-2010: Sold goods to Nandini Enterprises for Rs.45,000
25-4-2010: Withdraw from bank for personal use Rs.5,000
30-4-2010: paid by cheque rent Rs.3,000; salary Rs.10,000 and telephone bill Rs.4,000.

11. From the subsequent particulars extracted from the books of Madhu Ltd.
Compute:
a) Current ratio
b) Acid test ratio
c) Stock turnover ratio
d) Debtors turnover ratio
e) Creditors turnover ratio
f) Average collection period.

Particulars 1-4-2009 31-3-2010
Bills receivable 15,000 30,000
Bills payable 30,000 15,000
Sundry debtors 60,000 75,000
Sundry creditors 37,500 52,500
Stock in trade 48,000 72,000

Additional information:
i) On 31-3-2010 there were assets: Building Rs.1,00,000, car Rs.60,000 and cash at bank Rs.48,000.
ii) Cash purchases Rs.69,000 and return outwards Rs.9,000.
iii) Cash sales Rs.75,000 and return inwards Rs.3,000.
iv) Rate of Gross profit 25% on sales and true gross profit was Rs.75,000.

12. What is meant by a report? discuss the essentials of an ideal report.
13. Explain briefly the different steps for conducting info audit.

Earning:   Approval pending.