Tamil Nadu Open University (TNOU) 2009-1st Sem M.C.A - - Accounting and Finance management (Old Regulations) -- III - Question Paper
M.C.A. DEGREE exam - 2009
(FIRST SEMESTER)
(PAPER – III)
130. ACCOUNTING AND FINANCIAL MANAGEMENT
(Old Regulations)
Dec.) (Time: three Hours
Maximum: 100 Marks
ans any 5 ques.. (5 × 20 = 100)
1.Explain the factors that reason disagreement ranging from bank balance as per cash book and bank balance as per pass books.
2.What is cost accounting? elaborate the objectives and advantages of cost accounting?
3.Define capital budgeting. discuss the various methods of ranking investment proposals.
4.From the subsequent information, prepare a cash budget for the months of January to April.
Month Expected Sales
Rs. Expected Purchases
Rs.
January 60,000 48,000
February 40,000 80,000
March 45,000 81,000
April 40,000 90,000
Wages to be paid to workers Rs. 5000 every month. Balance at Bank on first January
Rs. 8,000. In the case of shortage of funds arrangements can be made for Bank overdraft.
5.Arasu commenced a business on January 1, 2008. On 31st December 2008 the subsequent were his ledger balances.
Rs. Rs.
Capital 1,00,000 Building 1,10,000
Cars and Vans 60,000 Loan from Bank 40,000
Interest 23,750 Purchases 3,00,000
Sales 4,50,000 Sundry Debtors 70,000
Cash in hand 100 Bank overdraft 25,000
Salaries 12,000 Printing Expenses 2,000
Advertisement 11,000 Travelling expenses 5,000
Freight Inward 3,000 Freight out ward 500
Bills Payable 3,000 Creditors 10,000
Miscellaneous expenses 12,650 Rent paid 8,000
Drawings 10,000
Adjustments:
(i) Closing stock Rs. 50,000
(ii) A provision is to be made for Doubtful Debts at 2½% on sundry debtors.
(iii) Building is to be depreciated at 2½% p.a. prepare Arasu 's Trading and Profit & Loss
A/c for the year and his Balance sheet as at 31.12.2008.
6.Following is the Balance Sheet of SISU Ltd as on 31st December 2008.
Liabilities Rs. Assets Rs.
Creditors 6,000 Cash 5,000
Bills Payable 10,000 Bills Receivable 15,000
Outstanding Expenses 1,000 Debtors 20,000
Provision for Tax 13,000 Stock 30,000
Equity share capital 50,000 Fixed Assets 1,30,000
6% Debentures 70,000
7% Preference shares 10,000
Reserves & Surplus 40,000
2,00,000 2,00,000
Other Information:
(i) Net sales Rs. 3,00,000.
(ii) Cost of goods sold Rs. 2,58,000
(iii) Net Income before Tax Rs. 22,700
(iv) Net Income after Tax Rs. 10,000
compute improper ratios from the info provided.
7.From the subsequent data compute Break-Even Point.
Selling Price per Unit Rs. 10/-
Trade Discount 5% on Selling Price
Material cost per unit Rs. 3/-
Labour cost per unit Rs. 2/-
Fixed overheads Rs. 10,000
Variable overheads at 100% on Direct Labour Cost.
If sales are 10% and 15% above the break-even quantity determine the net profit.
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Total No. of Pages: 2
Register Number: 6940
Name of the
Candidate:
M.C.A. DEGREE EXAMINATION - 2009
(FIRST SEMESTER)
(paper III)
130. ACCOUNTING AND FINANCIAL MANAGEMENT
(Old Regulations)
Dec.) (Time: 3 Hours
Maximum: 100 Marks
Answer any FIVE questions.
(5 20 = 100)
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1. |
Explain the factors that cause disagreement between bank balance as per cash book and bank balance as per pass books. |
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2. |
What is cost accounting? What are the objectives and advantages of cost accounting? |
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3. |
Define capital budgeting. Explain the different methods of ranking investment proposals. |
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4. |
From the following information, prepare a cash budget for the months of January to April.
Wages to be paid to workers Rs. 5000 every month. Balance at Bank
on 1st January |
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5. |
Arasu commenced a business on January 1, 2008. On 31st December 2008 the following were his ledger balances.
Adjustments: (i) Closing stock Rs. 50,000 (ii) A provision is to be made for Doubtful Debts at 2% on sundry debtors. (iii) Building is to be depreciated at 2% p.a. prepare Arasus
Trading and Profit & Loss |
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6. |
Following is the Balance Sheet of SISU Ltd as on 31st December 2008.
Other Information: (i) Net sales Rs. 3,00,000. (ii) Cost of goods sold Rs. 2,58,000 (iii) Net Income before Tax Rs. 22,700 (iv) Net Income after Tax Rs. 10,000 Calculate appropriate ratios from the information given. |
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7. |
From the following data calculate Break-Even Point. Selling Price per Unit Rs. 10/- Trade Discount 5% on Selling Price Material cost per unit Rs. 3/- Labour cost per unit Rs. 2/- Fixed overheads Rs. 10,000 Variable overheads at 100% on Direct Labour Cost. If sales are 10% and 15% above the break-even volume determine the net profit. |
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| Earning: Approval pending. |
