Madras University (UnOM) 2006 M.C.A Computer Aplications Accounting and Financial Management - Question Paper

Time: 3 hours
Maximum: 75 marks

PART A - [5 x five = Marks 25]

ans ALL ques..
All ques. carry equal marks.

1. (a) elaborate personal accounts? Name a few examples.

Or

(b) elaborate intangible assets? provide a few examples.

2. (a) elaborate Liquidity ratios? What is their significance?

Or

(b) What is operating ratio? How do you interpret

3. (a) What is Contribution ratio? discuss its importance.

Or

(b) Distinguish ranging from full costing and marginal costing.

4. (a) What is budget? elaborate the kinds of budgets?

Or

(b) What is cash budget? How is it various from cash flow statement?

5. (a) What is meant by Net current Value? are its uses?

Or

(b) If 2 projects have identical NPV and IRR values, then how is decision made?

PART B - [5 x 10 = Marks 50]

ans any 5 ques..
All ques. carry equal marks.

6. Journalese the subsequent transactions


2002

March 1 Ramesh started business with

Rs. 5,00,000 and opened a bank a/c with
Its 1,00,000.

March 3 Purchased goods for cash from Ravi
Its 30,000.


4 Purchased goods on credit from Kumar
Its 20,000.

March 8 Purchased computer for personal use
Rs. 50,000 payment was made out of
business money.


15 Received from Travelling salesman
Its 8,000, for goods sold by him, after
deducting his travelling expenses
Rs.200.


20 Issued cheque for payment of rent
Rs. 800.


28 Received cash for commission Its 1,000.


30 Bank paid Rs. 500 directly for insurance
premium of proprietor.


31 Purchased Machinery Its 20,000, for
which down payment of Rs. 5,000 was
paid and promissory note was executed
for Rs. 15,000.
7. Prepare Schedule of debtors, Schedule of creditors and Trial Balance from the under mentioned transactions of Ravikumar.
Rs.

Capital 75,000

Drawings 12,500

Rs.

Furniture 6,500


Bank overdraft 10,500


Amar's A/c (Cr.) 5,000

Anil's A/c (Cr.) 8,000


Amith's A/c (Cr.) 6,000


Yuvaraj's A/c (Cr.) 8,500

Buildings 50,000


Stock (opening) 55,000


Parents A/c (Dr.) 10,000


Bala's A/c (Dr.) 15,000

Human's A/c (Dr.) 5,000


Balaji's A/c (Dr.) 15,000


Rent received from tenants 2,500


Purchases 2,75,000


Sales 3,75,000

Returns inwards 5,000

Discount (Dr.) 4,000

Earning:   Approval pending.