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

August 2009
Bachelor of Computer Application (BCA) – Semester 3
BC0044 – Accounting and Financial Management – four Credits
(Book ID: B0805)
Assignment Set – one (60 Marks)


ans the subsequent 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, elaborate the errors, which remain undetected by the trail balance ?
(10 Marks)
3. From the subsequent trail balance extracted from the books of Mr. Ram, prepare Trading A/c, P&L A/c and Balance Sheet for the year ending 31st March 2008.
(20 Marks)
Trail Balance as at 31st March 2008
Dr.(Rs.) Cr. (Rs.)
Stock as on 1-4-2007 62500
Purchases & Sales 90300 137200
Returns 2200 1300
Capital 30000
Drawings 4500
Land and Buildings 30000
Furniture & Fittings 8000
Sundry Debtors and Creditors 25000 45000
Cash in Hand 3500
Investments 10000
Interest 2500
Commission 3000
Direct expenditure 7500
Postages, Stationery and Phones 2500
Fire Insurance Premium 2000
Salaries 11000
Bank Over Draft 40000
259000 259000

Additional info :
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 given 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 – four Credits
(Book ID: B0805)
Assignment Set – two (60 Marks)


ans the subsequent questions:
1. What are the basic accounting concepts ? discuss their implications. (10 Marks)
2. Explain different 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” explain. (10 Marks)
4. Enter the subsequent 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 identical 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 identical 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 subsequent financial info is furnished by Aditya Mills Ltd. for the current year : (15 Marks)
Balance Sheet as on 31-3-2008
Liabilities Amount Assets Amount
Equity Share Capital 1000000 Plant & Equipment 640000
Retained Earnings 368000 Land & Buildings 80000
Sundry Creditors 104000 cash 160000
Bills Payable 200000 Sundry Debtors 320000
Other Current Liabilities 20000 Stock 480000
Prepaid Insurance 12000
1692000 1692000


Income statement as on 31-3-2008
Sales 4000000
Less : Cost of Goods Sold 3080000
Gross Profit 920000
Less : Operating Expenses 680000
Operating Profit 240000
Less : Taxes (0.35) 84000
Net Profit after taxes 156000

compute :
(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

Earning:   Approval pending.