Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2009 B.C.A Computer Application BC0044 Accounting and Financial Management Assignment - Question Paper

August 2009

Bachelor of Computer Application (BCA) Semester 3

BC0044 Accounting and Financial Management 4 Credits
(Book ID: B0805)

 

Answer the following questions:

1. The Analysis of flow of funds through an organization can be very useful to the management. Elucidate (10 marks)

 

2. Is the agreement of trail balance a conclusive proof of the accuracy of a book keeper? If not, what are the errors, which remain undetected by the trail balance ?

(10 Marks)

3. From the following trail balance extracted from the books of Mr. Ram, prepare Trading A/c, P&L A/c and Balance Sheet for the year ending 31^st March 2008.

(20 Marks)

Trail Balance as at 31^st March 2008

 

Additional Information :

i)              Closing Stock is Valued at Rs. 65,000

ii)             Goods worth Rs.500 are reported to have been taken away by the proprietor for his personal use at home during 07-08

iii)            Interest on Investments Rs.500is yet to be received

iv)           Depreciation is to be provided on Land & Buildings @ 5% and on Furniture & Fittings @10%

v)            Make provision for Doubtful debts @ 5%

 

4. Explain the factors affecting financial plans. ( 10 Marks)

 

5. The investment, financing and dividend decisions are interlinked. Comment. ( 10 Marks)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 2009

Bachelor of Computer Application (BCA) Semester 3

BC0044 Accounting and Financial Management 4 Credits
(Book ID: B0805)

 

Answer the following questions:

1. What are the basic accounting concepts ? Explain their implications. (10 Marks)
2. Explain various techniques of inventory management. ( 10 Marks)
3. Efficient cash management will aim at maximizing the availability of cash inflows by decentralizing collections and decelerating cash outflows by centralizing disbursements Discuss. (10 Marks)
4. Enter the following transactions in a cashbook with cash, bank and discount columns. (15 Marks)

2008

Jan.1 Commenced business with Rs.16,000 in cash

Jan.2 Paid into bank Rs. 14,500

Jan.3 Bought goods for Rs. 3,850 and paid by cheque.

Jan.4 Bought furniture for cash Rs. 680

Jan.5 Sold goods for cash Rs. 2,600 and deposited the same into bank.

Jan.10 Bought goods for Rs. 4,850 and paid by cheque.

Jan.11 Bought stationery for Rs. 185

Jan.15 Received cash from Hegde Rs.680 allowing him a discount of Rs. 20

Jan.20 Paid Raj his dues by cheque Rs. 240 receiving a discount of Rs.10

Jan.25 Paid Chandra by cheque Rs. 400

Jan.26 Sold goods for cash Rs. 585 and remitted the same into the bank.

Jan.27 Our cheque to Chandra returned dishonored.

Jan.29 Drew cheque for salary Rs. 2,365

Jan.31 Drew cheque for personal use Rs 100

5. The following financial information is furnished by Aditya Mills Ltd. for the current year : (15 Marks)

Balance Sheet as on 31-3-2008

 

 

Income statement as on 31-3-2008

 

Calculate :

(i)            Current ratio

(ii)           Acid-Test ratio

(iii)          Stock Turnover Ratio

(iv)         Debtors Turnover Ratio

(v)          Creditors Turnover ratio

(vi)         Gross Profit Ratio

(vii)        Net Profit Ratio

(viii)       Return on equity capital