Rajiv Gandhi Proudyogiki Vishwavidyalaya 2007-2nd Sem M.C.A Computer Aplications .(ester) ,e., - Question Paper

MCA-205
M.C.A.(Second Semester) EXAMINATION,June.,2007
ACCOUNTING AND MANAGEMENT CONTROL
(MCA-205)
Time : 3 Hours
Maximum Marks : 100
Minimum Pass Marks : 40

Note : Attempt 1 ques. from every Unit. All ques. carry equal marks.

Unit - I
1. explain the subsequent concepts of accounting :
(i) Separate entity concept
(ii) Dual Aspect concept
(iii) Going concern concept
(iv) Accounting period concept

2.(a) discuss the rules of journalizing with suitable illustrations.
(b) Is Trial Balance a conclusive proof of accuracy ?

Unit - II
3.(a) How do we prepare final accounts and balance sheet for a concern ?
(b) provide the journal entries and steps to adjust the subsequent accounts in the books
of a concern :
(i) Closing stock
(ii) Outstanding salary

4. From the undermentioned Trial balance of Govinda prepare a Trading and Profit and Loss
Account, for the year ended 31st December, 2006 and Balance Sheet as at that date :

The subsequent adjustments are to be taken into consideration :
Closing Stock, Rs. 40000. Outstanding liabilities to be given for : Salary Rs. 2400,
Factory Rent Rs. 1500 and Office Rnet Rs. 550. Bad debts provision to be adjusted to
2(1/2)% of Sundry Debtors after elimination of Bad debts amounting to Rs. 2000.
Depreciation on plant 10% Interest on capital at 5% p.a. Goods withdrawn Rs. 2525
for private use.

Unit - III
5.(a) What do you mean by Fund Flow Statement ?
(b) Show the stores ledger entries as they would appear when using :
(i) FIFO method (ii) LIFO method, of pricing issues, in connection with the
subsequent transactions :

April Units Value
one Balance b/f 300 600
two Purchased 200 440
four Issued 150 -
six Purchased 200 460
11 Issued 150 -
19 Issued 200 -
22 Purchased 200 480
27 Issued 250 -

6.(a) What is meant by Break-Even point ? explain in detail.
(b) Write short notes on the subsequent :
(i) Contribution and P/V ratio
(ii) Marginal Cost

Unit - IV
7.(a) describe Standard Costing.
(b) What do you mean by 'Variance Analysis' ?

8.(a) For production of 10000 Electrical Automatic Irons, the subsequent are budgeted expenses :

Rs. per unit
Direct Materials 60
Direct Labour 30
Variable Overheads 25
Fixed Overheads 15
Variable expenses(Direct) 5
Selling expenses(10% fixed) 15
Administration expenses(Rs. 50000 rigid) 5
Distribution expenses(20% fixed) 5
Total cost of sale per unit 160

Prepare a budget for the production of 6000, 7000 and 8000 irons showing distinctly
marginal cost and total cost.
(b) describe Budget.

Unit - V
9. Write a detailed note on Management Control.

10. Write short notes on the subsequent :
(i) Expenses centres
(ii) Profit centres
(iii) Revenue centres
(iv) Investment centres

	Rs.	Rs.
Capital Account	-	100000
Stodc	30,000	-
Purchases	100,000	.
Sales	-	200000
Returns in and out	2500	1500
B ad D ebts provi sio n	-	750
Bills receivable and payable	45000	10000
Carnage	7500	-
Plant and Machinery	65000	-
Office furniture	3500	-
S. Debtors and Sundry Creditors	60000	28000
Coal, Gas and Water	1200	-
Wages	10000	-
Duty and Clearing charges	1500	-
Office Rent	2500	-
Printing and Stationery	500	-
Insurance	350	-
Carriage out	4200	-
Salaries	18000	-
Factory Rent	1900	-
Exlectritity and T elephone	800	-
Loan @ 9% (taken on May 1, 2006)	-	28000
Bank Charges	25	-
Drawings	5000	-
Cash in hand	1250	-
Cash at bank	4525	-
	365250	365250

Attachment: rajiv-gandhi-proudyogiki-vishwavidyalaya-2007-m-c-a-computer-aplications-4191-1.JPG

Earning:   Approval pending.