Acharya Nagarjuna University (ANU) 2006 M.C.A - VII - ACCOUNTS AND FINANCE - Question Paper

M.C.A.(Previous) DEGREE EXAMINATION, MAY 2006
PAPER - VII - ACCOUNTS AND FINANCE

Time: 3 hours Maximum: 75 marks

part - A - (3 X 15 = 45 marks)
ans any 3 of the subsequent

1. elaborate subsidiary books? discuss purchase and sales books, purchase and sales returns books.
2. .Bank Reconciliation Statement prevents errors and misappropriation of bank funds.. Examine reasons for differences in pass book and cash book balances.
3. explain functional classification of costs into prime, works, office and selling costs.
4. .Ratio analysis is an important tool of financial analysis.. discuss significance and standard norms of ratios.
5. How do you prepare vertical and horizontal balance sheets? discuss with imaginary figures?

part - B - (5 X five = 25 marks)
ans any 5 of the subsequent

6. What is business entity concept?
7. What is trail balance? Why is it prepared?
8. elaborate techniques of costing? List them.
9. What is profit maximisation?
10. What is fund flow? discuss.
11. elaborate inventory turnover and debtors turnover ratios?
12. elaborate the objectives of financial analysis?
13. The subsequent trial balance is extracted from the books of a trader. Prepare a balance sheet.
Rs. Rs.
Cah and bank 18,000 Capital 97,000
Goodwill 22,000 Reserve 4,500
Plant & Machinery 80,000 Bills payable 16,000
Trade debtors 46,000 Trade creditors 58,500
Furniture 15,000
Plant depreciation 5,000

part - C - (5 X one = five marks)
ans any ALL of the subsequent

14. (a) Contra entry
(b) Marshalling order
(c) Flexible budget
(d) Financial analysis
(e) Gross profit ratio.

Earning:   Approval pending.