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

Investments
Long term loans
Current Assets
Current Liabilities 25,00,000
36,00,000
6,00,000
5,00,000
15,00,000
10,50,000
5,50,000 25,00,000
30,00,000
5,00,000
5,00,000
15,00,000
15,00,000
5,00,000

Q13) The current ratio of a company is two : 1. State giving reasons which of the subsequent would improve, reduce, or not change the ratio:
(a) repayment of current liabilities,
(b) purchasing goods on cash,
© sale of office equipment for Rs. 4,000/- (Book value Rs. 5,000/-),
(d) sale of goods Rs. 11,000/- (cost Rs 10,000/-),
(e) payment of dividend. (Marks 5)

Q14) State the reasons whether the subsequent would outcome in an inflow, outflow or no flow of funds. Attempt any 4 :
(a) problem of debentures;
(b) Debentures converted as preference shares;
© Amount transferred to provision for taxation;
(d) Tax refund;
(e) Repaid loan on mortgage. (Marks 5)

Q15) From the subsequent information, prepare a Cash-Budget for the months of January, February and March, 1998:

Units sold in December, 1997 510
Units to be sold in January, 1998 200
Units to be sold in February,1998 300
Units to be sold in March, 1998 250

Selling Price is Rs. 80/- per unit and Purchase Price is Rs. 50/- per unit,
Office Expenses are 1,500/- per month. Drawings are Rs. 600/- per month. Every month 10% of the sales are on credit for 1 month and the remaining for cash. Cash in hand on January 1, 1998 is Rs. 12,000/-. There is no opening and closing stock. (Marks 6)

Q16) What is analysis of financial statements? State any 4 of its limitations. (Marks 6)

Q17) The subsequent info is given to you:

Share Capital Rs. 80,000/-
General Reserve Rs. 40,000/-
15% loan Rs. 50,000/-
Sales for the year Rs. 1,00,000/-
Tax paid during the year Rs. 20,000/-
Profit after interest & Tax Rs. 40,000/-

From the above information, compute any 3 of the subsequent ratios :
(a) Debt Equity Ratio
(b) Capital Turnover Ratio
© Interest coverage ratio
(d) Return on Investment
(e) Debt to total funds ratio (Marks 6)

Q18) From the subsequent Balance Sheets prepare Schedule showing modifications in Working Capital and Funds Flow Statement :

Balance Sheet

Liabilities 1998

Earning:   Approval pending.