B.Com-COMMERCE 6th Sem ACCOUNTING INFORMATION SYSTEMS(Bangalore University, Bangalore-2009)

VI Semester B.com. Examination, June 2009
(Semester Scheme)
COMMERCE

Elective Paper – 4(a) : Accounting Information Systems
Time : 3 Hours Max. Marks : 80

Instructions:
1) Answer should be written fully either in English or in Kannada.
2) Show working notes wherever necessary.

SECTION – A
1. Answer any ten of the following sub-questions. Each sub-question carries two marks. (10x2=20)

a) What is accounting and information system?

b) What is management and information system?

c) What is vouching?

d) Give any two advantages of computerized accounting.

e) Expand VAT and TDS.

f) Where does Income Tax Number get printed in Tally?

g) How do you create cost categories and cost centers?

h) Name the Financial Statements.

i) Name the command to enter Journal Voucher.

j) What is PAN?

k) What is CST?

SECTION – B
Answer any six questions of the following. Each question carries five marks. (6x5=30)
2. Explain the scope of Management Information System.

3. Distinguish between Cost Accounting and Management Accounting.

4. Design the format of Contra Voucher with imaginary figures.

5. Explain the differences between stock categories and stock groups.

6. Under which group the following accounts are created in Tally :

a) Furniture

b) Rent Paid

c) Dividend Received

d) Debtors

e) Capital A/c.

7. Name the various statement of accounts generated in computerization of accounting system in a business concern.

8. Give the commands for viewing/printing the following books of accounts :

a) Purchase Register.

b) Credit Note Register.

c) Cash Book.

d) Bank Book.

e) Ledger.

9. Give the commands for viewing/printing the following inventory books :

a) Sales Order Book.

b) Stock Item Register.

c) Stock Group Register.

d) Delivery Note Register.

e) Receipt Note Register.

SECTION – C
Answer any two questions of the following, Each question carries fifteen marks. (2x15=30)

10. Explain the differences between Manual Accounting and Computerized Accounting.

11. Explain the requisites of a good Management Information System report.

12. Pass the necessary journal entries and name the group to which they belong in Tally.

a) Jan 1, 2008, Saraswati commenced business with cash Rs. 1,00,000.

b) Jan 2, 2008, Purchased machinery from Godrej & Co. Rs. 10,000.

c) Jan 9. 2008, Purchased goods from Deepa Rs. 30,000.

d) Jan 16, 2008, Sold goods to Swetha for cash Rs. 15,000.

e) Jan 26, 2008, goods lost by fire Rs. 2,000.

f) Jan 27, 2008 Withdrawn cash from business for personal use Rs. 2,000.

g) Jan 31, 2008, Received commission Rs. 5,000.

13. From the following particulars taken from cost records of Shashwatha Industries Ltd. For the year 2008, prepare a statement of Cost and Profit.

Rs.
Opening Stock of raw materials 50,000
Purchase of raw materials 1,60,000
Closing stock of raw materials 80,000
Wages – Productive 1,50,000
Wages – General 20,000
Chargeable expenses 40,000
Rent, rates and taxes – Office 10,000
Rent, rates and taxes – Office 1,000
Depreciation on Plant and Machinery 3,000
Salary – Office 5,000
Salary – Travelers 4,000
Printing and Stationery 1,000
Office cleaning and lighting 800
Repairs and renewals (Factory) 6,400
Other Factory expenses 5,000
Management expenses (including Managing Director’s Fees) 24,000
Travelling expenses and samples 2,200
Showroom expenses and samples 2,000
Carriage and freight – Outwards 2,000
Carriage and freight – Inwards 9,000
Octroi on purchases 1,000
Advertisement 4,000
Advance Income Tax 30,000
Sales 4,60,000
Management expenses should be allocated in the ratio of 2:1:3 on factory, office and sales divisions.