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

Current ratio=5 Working Capital =Rs.1.20.000

Opening stock=Rs.39, 000 Closing Stock=Rs.41, 000

Sales=Rs.7, 00,000, Gross profit ratio=25% on sales

Or
(b) From the subsequent details, make out a balance sheet with as many details as possible

(i) Stock Velocity=6
(ii) Capital turn over ratio=2
(iii) Fixed assets turn over=4
(iv) Gross profit turnover ratio=20%
(v) Debtors velocity=2 months
(vi) Creditors velocity=73 days.

21. (a) journalize the subsequent transactions:

Rs.
(i) Raja started business with every 25,000
(ii)He sold goods on credit 10,000
(iii) Purchased furniture for cash 12,000
(iv) Paid salaries 2,500
(v) Withdrew cash for private use 2,300
(vi)Received rent from tenants 1,000
(vii) Purchased goods from Murali for
Cash 1,800
(viii) Cash deposited into bank 5,000

Or
(b) The cash book of Mr.Raman showed a balance of Rs.50, 000 on 30-09-2005. This balance did no tally with the balance showed by the pass book. From the subsequent particulars ascertain the bank balance as per pass book.

(i) Cheques deposited into bank but not colleted up to 30-09-2005 Rs.15, 000.
(ii) Cheques issued to customers but not presented for payment up to 30-09-2005, Rs.8,350
(iii) Bank charges not entered in the cash book Rs.200.
(iv) A Cheque for Rs.25000 deposited into bank for collection has been dishonored by the fact of dishonor is not recorded in the cash book.
(v) A cheques issued by Mr. Gopalasamy for Rs.1500 has been wrongly debited to Gopal’s account by the bank.


22. (a) Prepare profit& loss account from the subsequent information:

Rs.
(i) gross profit transferred 2,70,000
(ii) Discount received 5,000
(iii) Discount paid 3,000
(iv) Salaries paid 15,000
(v) Rent paid 5,000
(vi) Postage and telegram 2,000
(vii) Office expenses 1,000
(viii) Depreciation on plant 1,500
(ix) Depreciation on office furniture 1,000
(x) Bad debts 200
(xi) Stationary 1,500
(xii) Repair 1,000
(xiii) General expenses 500


(b) Prepare cost sheet from the following:

Rs.
(i) Opening stock of finished goods 1,800
(ii) Closing stock of finished goods 500
(iii) Opening stock of work in progress 1000
(iv) Material used 1, 50,000
(v) Direct labour 50,000
(vi) Factory overheads 10,000
(vii) Selling and distribution
Expenses 5,000
(viii) Office and administration expenses 4000

Net profit is 25% of cost



23. (a) subsequent info is available in respect of component A 25:-

Maximum stock level 16,800 units
Budgeted consumption:
Maximum 1,500 units per months.
Minimum 800 units per months.
Estimated delivery period:
Maximum six months.
Minimum two months.

You are needed to calculate: Re-order level and Re-order volume.
Or

(b) What do you mean by accounting standards? elaborate the contents of Indian Accounting Standards?

________

Earning:   Approval pending.