Madras University (UnOM) 2007 B.C.A Computer Application Accounts - Question Paper

1990
Rs. 1989
Rs
P and L A/C
Debtors
Outstanding Rent
Goodwill
Prepaid Insurance
Creditors 1,10,000
50,000
24,000
80,000
8,000
26,000 1,20,000
62,000
42,000
76,000
4,000
38,000

Q 12 discuss briefly the meaning and significance of (i) Return on Investment, and (ii) Fixed Assets Turnover Ratio. (Marks 4)

Q 13 Prepare a Comparative Income Statement from the subsequent information: (Marks 5)

1992
Rs.
1993
Rs

Gross Sales
Sales Returns
Cost of goods sold
Operating expenses
Income Tax 1,20,200
5,200
80,000
12,000
50% 1,35,800
3,800
84,000
9,000
5%

Q 14 The debt-equity ratio of X Ltd. is one : 2. Which of the subsequent would increase, reduce or not change the debt-equity ratio :
(a) problem of Equity Shares, (b) Cash received from debtors, © Sale of goods on cash basis, (d) Redemption of Debentures, (e) Purchases of goods on credit. (Marks 5)

Q 15 What is meant by analysis of financial statements? How is it important from the viewpoint of creditors and management? (Marks 6)

Q 16 From the subsequent info compute Stock Turnover Ratio, Operating Ratio and Capital Turnover Ratio : (Marks 6)

Rs.
Opening Stock 28,000
Closing Stock 22,000
Purchases 46,000
Sales 90,000
Sales Returns 10,000
Carriage inwards 4,000
Office expenses 4,000
Selling & Distribution Expenses 2,000
Capital Employed 2,00,000

Q 17 From the following, prepare a Cash Budget for January, February and March, 1998:

1998 Cash
Sales
(Rs.) Collection from
Debtors
(Rs.) Purchases
(Rs.) Wages
(Rs.)
January
February
March 40,000
44,000
56,000 20,000
26,000
33,000 25,000
24,800
23,700 5,000
5,200
6,800

Estimated cash balance on one January 1998 Rs. 10,000. In January a new machinery is to be purchased at Rs. 20,000 on credit, to be paid in 2 equal installments in February and March. (Marks 6)

Q 18 From the subsequent Balance Sheet, prepare (i) Schedule of modifications in Working Capital and (ii) Funds Flow Statement :

Balance Sheet

Liabilities 1994
Rs. 1995
Rs. Assets 1994
Rs. 1995
Rs.
Share Capital
10% debentures
Pand L A/C
Creditors
Provision for tax
Depreciation
Reserve (Plant) 2,00,000

45,000

10,000
2,55,000

Earning:   Approval pending.