Makhanlal Chaturvedi National University of Journalism and Communication 2011-1st Sem B.C.A Computer Application ester, Account peper, Makhanlal Chaturvedi University, 2010/ - Question Paper

Roll No. ................
7017
1BCA4
Bachelor of Computer Application (First Semester)

Examination, Dec. 2010/Jan. 2011

ACCOUNTING AND FINANCIAL MANAGEMENT

[Duration : three Hours] [Max. Marks : 100]
[Min. Pass Marks : 40]

Instructions :
1. The ques. paper is divided in 5 Units. every Unit carries an internal option.
2.Attempt 1 ques. from every Unit. Thus attempt 5 ques. in all.
3.All ques. carry equal marks.
4.Assume suitable data wherever necessary.
5.English version should be deemed to be accurate in case of any anomaly in translation.
6.Candidate should write his/her Roll Number at the prescribed space on the ques. paper.


(UNIT I)

1. What is matching principle ? Why should this principle be followed by the business
entity? [Marks : 20]

(OR)

2. From the subsequent transactions pass journal entries in the books of Sunder Store of Auction : [Marks : 20]

(i) Started business with cash Rs. 10,000
(ii) Purchase goods from Sudhir Rs. 200
(iii) Sold goods to Surendra Rs. 180
(iv) Cash received from Mahesh Rs. 300
(v) Purchase goods whose list price is Rs. 6,000 from Mohanlal at 10% Trade Discount and 3% Cash
Discount.



(UNIT II)

3. What is Trial Balance ? define the methods of preparation of Trial Balance.
[Marks : 20]

(OR)

4. 1 publisher sent 1,000 books to a firm to sell them on a commission of Rs. one per book.
During 2007, books sold were 800. Commission recieved by the firm is Rs. 700. Remaining
commission was recieved on fifth Jan., 2008. Pass the necessary Journal entries in the
books of the firm. [Marks : 20]



(UNIT III)

5. elaborate the characteristics of an ideal cost account
system ?
[Marks : 20]

(OR)

6. Prepare Stores Ledger Account from the subsequent details of receipts and problems of
materials. The basis of evaluation of problems is Simple avg. Price.
[Marks : 20]


(Receipts)

Date (Qty. of Material) (Rate)
Dec. 4 200 Rs. 10
Dec. 18 300 Rs. 12
Dec. 22 100 Rs. 16

(Issues)

(Date) (Qty. of Material)
Dec. 6 100
Dec. 20 200
Dec. 25 300




(UNIT IV)

7. elaborate the essential features of a good wage payment system ?
[Marks : 20]

(OR)

8. From the subsequent information, obtain out the works cost of a product under Halsey
Premium Plan and Rowan Premium Plan : [Marks : 20]

Standard time eight Hours
true time 6 Hours
Rate of wages per hour 5 Rupees
Cost of Material of Product Rs. 50
Factory overheads of direct wages 200%
Rate of Premium 5.0%



(UNIT V)

9. define classification and control of material report on material handling.
[Marks : 20]

(OR)

10. elaborate the objectives of Inventory Control ? How is inventory control affected
through 'A', 'B', 'C' Analysis of stores ? [Marks : 20]

Attachment: makhanlal-chaturvedi-national-university-of-journalism-and-communication-2011-b-c-a-computer-application-3306-1.htm

Earning:   Approval pending.