Deemed University 2011 B.C.A Computer Application University: Lingayas University Term: III Title of the : Accounting & Financial Management - Question Paper
Roll No. ..
Lingayas University
BCA 1st Year (Term II)
Examination Feb 2011
Accounting & Financial Management (BA - 1113)
[Time: 3 Hours] [Max. Marks: 100]
Before answering the question, candidate should ensure that they have been supplied the correct and complete question paper. No complaint in this regard, will be entertained after examination.
Note: Attempt five questions in all. All questions carry equal marks. Question no. 1 is compulsory. Select two questions from Section B and two questions from Section C.
Section A
Q-1.
Explain in brief the following: [10x2=20]
(i) Marginal Costing
(ii) Material variance
(iii) Labour variance
(iv) Sales variance
(v) Fund Flow Statement
(vi) Cash Flow Statement
(vii) Operating Leverage Ratio
(viii) Financial leverage ratio
(ix) Net Profit Ratio
(x) Current Ratio
Section B
Q-2. Prepare a Trading Account of Ms XYZ for the year ending 31st December, 2010, from the following data. [10]
|
|
Rs. |
|
Rs. |
|
Purchases |
10,000 |
Wages |
4000 |
|
Purchases Return |
2000 |
Carriage charges |
2000 |
|
Sales |
20,000 |
Stock as on 1.1.2010 |
4000 |
|
Sales Return |
5000 |
Stock as on 31.12.2010 |
6000 |
Also find out
(a) Cost of Purchases [5]
(b) Cost of Goods Sold [5]
Q-3. Describe the Accounting Concepts and Accounting Conventions as covered in Generally Accepted Accounting Principles. [20]
Q-4. (a) Explain the meaning & scope of Financial Management. [10]
(b) ABC Ltd has Rs. 10 crore bonds outstanding. Bank deposits earn 10% per annum. The bonds will be redeemed after 15 years for which purpose ABC Ltd. wishes to create a sinking fund. How much amount should be deposited in the sinking fund each year so that ABC Ltd. would have Rs. 10 crore in the sinking fund to redeem its entire issue of bonds? [10]
Section C
Q-5. (a) What is meant by ABSORPTION COSTING? [5]
(b) Prepare Income Statement under Absorption Costing for the following data related to XYZ Company.
Normal capacity 40, 000 units per month
Variable cost per unit Rs. 6.
Actual production 44, 000 units.
Sales 40,000 units @ Rs. 15 per unit.
Fixed manufacturing overheads Rs. 1,00,000 per
month or Rs. 2.50 per unit at normal capacity.
Other fixed expenses Rs. 2,40,000 per month.
[15]
Q-6. Elaborate the main difference between:-
(a) Financial Accounting and Cost Accounting. [10]
(b) Cost Accounting and Management Accounting. [10]
Q-7. (a) Explain the Meaning, Features and Advantages of Marginal costing. [10]
(b) From the following particulars, calculate:-
(i) Contribution
(ii) P/V Ratio
(iii) Break Even Point in Units
(iv) Break Even Point in Rupees
Rs.
Fixed Expenses 1, 50,000
Variable Cost per unit 10
Selling price per unit 15 [10]
Q-8. Write short notes on any Two of following:
(i) Material Variance
(ii) Labour variance
(iii) Sales variance
(iv) Ratio Analysis [2x10=20]
| Earning: Approval pending. |
