Pondicherry University 2009 B.C.A Computer Application ,fundementals of accountancy - Question Paper

B.C.A DEGREE EXAMINATION, MAY 2009
Second semester

Computer applications

FUNDAMENTALS OF ACCOUNTANCY


TIME: three hours Max mark: 100

PART-A (10*2=20 MARKS)

ans ALL QUESTIONS:

1. What is double entry book keeping?
2. Mention any 2 limitations of the single entry system.
3. State the errors that are disclosed by a trial balance.
4. What is real account?
5. What is trading account?
6. What is subsidiary book?
7. What is prime cost?
8. Give formula for liquidity ratio.
9. What are the elements of cost?
10. What is safety stock level?


PART-B(5*6=30 MARKS)

ans ANY 5 QUESTIONS:

11. compute the ordering level of material A from the subsequent particulars:
(a) Minimum limit 5000 units
(b) Maximum limit 25,000 units
(c) Daily requirements of material 1,000 units.
(d) Time needed for fresh delivery 10 days.

12. David keeps his books as the single entry system and the subsequent info is available:

1.4.1998 31.3.1999
Rs. Rs.

Furniture 200 200

Stock 2, 8000 3,050

Sundry debtors 2,100 3,400

Cash 150 200

Sundry creditors 1,750 1,900

Bills payable 300

Loan 500

Investment 1,000

He had drawn out of the business Rs.500 during the year.
Prepare a statement showing his profit for the year ended 21.3.1999 after writing off 10% depreciation on furniture and making a provision for bad debts at bob on sundry debtors.

13. Prepare cost sheet from the subsequent information:
Rs.
Materials used 1, 50,000
Direct wages 1, 20,000
Factory overheads 30,000
Administrative expenses 20,000
Direct wages 20,000

Profit 20% on selling price


14. How will you rectify the subsequent errors?

(a) A sale of goods to the value of Rs.8, 000 to Raja has been debited to Raju.
(b) A purchase of goods from arun amounting to Rs.6, 000 has been debited to his account.
(c) A payment of Rs.10, 000 in respect of salary paid to the manager has been debited to his personal account.
(d) The total of the discount column on the debit side of the cash book has been added short by Rs.600.

15. on first January 1998, a firm purchased 5 machines at Rs.20,000 every. On july 1, 2000 it bought 2 additional machines at the price of Rs. 20,000 every. Installation charges Rs.1000. the accounts are closed every year on 31 st Desember. Depreciation is given at 10% pa. Show the machinery account for five years under Reducing Balance Method.

16. discuss the different kinds of accounting convention.

Earning:   Approval pending.