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

(Rs.)
1996
(Rs.)
Assets
1995
(Rs.)
1996
(Rs.)

Share Capital
Reserves
Loan
Current Liabilities
10,00,000
10,00,000
2,00,000
3,00,000
25,00,000
15,00,000
10,00,000
8,00,000
5,00,000
38,00,000
Fixed Assets
CurrentAssets


20,00,000
5,00,000

________
25,00,000
30,00,000
8,00,000

________
38,00,000


You are needed to prepare a comparative Balance Sheet on the basis of the info provided in the above Balance Sheets. (Marks 5)

Q15) “Analysis of Financial Statement is affected by window dressing and the personal ability of the analyst.” Comment. (Marks 6)

Q16) The subsequent are the summarised profit and loss A/c of Hindustan Products for the year ended 31.12.1996 and the Balance Sheet of the Company as on that date:

PROFIT AND LOSS ACCOUNT


Rs.

Rs.

Opening Stock
Purchases
Direct Expenses
Gross Profit
99,000
5,45,000
15,000
3,40,000
9,99,000
Sales
Closing Stock
8,00,000
1,99,000

_______
9,99,000

Selling and Distribution Expenses
Loss on sale of assets
Net Profit
2,40,000
40,000
60,000
3,40,000
Gross Profit
3,40,000

________
3,40,000


BALANCE SHEET




Liabilities
Amount (Rs.)
Assets
Amount (Rs.)


Equity Share Capital
Profit and Loss Account
Creditors
Outstanding Expenses

2,90,000
60,000
1,15,000
15,000
4,80,000


Land
Stock
Debtors
Cash

2,30,000
1,99,000
21,000
30,000
4,80,000



compute the subsequent ratios :
(i) Quick Ratio (ii) Stock Turnover Ratio and (iii) Return on Shareholders Investments

formation prepare Cash Budget for the month of April, May and June, 1997.

Month
Sales (Rs.)
Purchase (Rs.)
Wages (Rs.)

February
March
April
May
June
30,000
40,000
36,000
45,000
50,000
15,000
22,000
30,000
37,000
30,000
4,000
5,000
6,000
7,000
8,000


Additional info :
(i) Expected cash balance as on 31.3.1997 Rs. 17,000.
(ii) Period of credit allowed to customers is 1 month and that allowed by suppliers is 2 months.
(iii) Lag in payment of wages is 1 month

Q18) Prepare a Funds Flow Statement from the subsequent Balance Sheets of Modern Garments Ltd.

Earning:   Approval pending.