B.Com-B.COM 4th Sem ACCOUNTING AND INFORMATION SYSTEM(Bangalore University, Bangalore-2008)

IV Semester B.Com. Examination, June 2008
(Semester Scheme)
Elective Paper 4 (a): Accounting And Information System

Time: 3 Hours Max Marks: 80

Instructions:
 1) Answer should be fully either in English or in Kannada.
2) Show working and 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 customization of Tally?

b) What is Management Information System?

c) What is input and output VAT?

d) What is information audit?

e) What are debit and credit notes?

f) Write the meaning of PAN and TDS.

g) Distinguish between factory on cost and factory cost.

h) What is a Cost Sheet?

i) Why cash account does not show credit balance?

j) Define Standard Cost.

k) What is a Voucher?

l) Write the command used to view vertical balance sheet and profit and loss account in tally.

SECYION – B

Answer any six questions of the following. Each question carries five marks. (6x5=30)

2. What are the different types of reports that can be generated through tally?

3. Design the format of an invoice with imaginary figures.

4. Mention the names of the groups available in tally.

5. Explain the characteristics of Management Information System.

6. Explain the main features of tally.

7. Distinguish between Cost Accounting and Management Accounting.

8. Under which Group the following accounts are created by tally :

a) Land and buildings

b) Rent received

c) Partner’s current account

d) Godown rent paid

e) Medical allowance

f) Capital account

9. Explain the steps to be taken to computerize the accounting system.

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

10. Pass the necessary journal entries and name the groups in tally

i) Feb. 01, 2008 commenced business with cash Rs. 1, 00,000

ii) Feb. 05, 2008 opened current account in state bank of
Mysore and deposited Rs. 25,000

iii) Feb. 08. 2008 purchased goods for cash for Rs. 2,0000 from M/s Ramesh
And Co.

iv) Feb. 10, 2008 sold goods for cash to Naveen Traders Rs. 10,000
v) Feb. 18, 2008purchased goods from Nandi Traders for Rs. 25,000
vi) Feb. 20, 2008 sold goods to Indian Traders for Rs. 8,000
vii) Feb. 22, 2008 paid for Stationary Rs. 500
viii) Feb. 25, 2008 Wages paid Rs. 800
ix) Feb. 28, 2008 Paid through cheque
Salaries Rs. 12,000

Commission Rs.3, 000

Rent Rs. 1,000

11. State the differences between Manual and Computerized Accounting.
12. What is Management reporting? Explain the essentials of good management reporting.
13. From the following Balance Sheet of ABC Ltd., as on 31st December, 2006 and 31st December, 2007 prepare fund flow statement and statement of changes in working capital

Liabilities 31-12-2006 31-12-2007 Assets 31-12-2006 31-12-2007

Share Capital Rs.
4,00,000 Rs.
5,00,000
Land &Building Rs.
4,00,000 Rs.
4,80,000

General Reserve

80,000

1,40,000

Plant & Machinery

3,60,000

2,60,000

P/L A/c
64,000
78,000
Stock
2,00,000
2,52,000

Bank Loan
(Long Term)
3,20,000

80,000

Debtors

1,60,000

1,28,000


Creditors
3,00,000
2,60,000
Cash at Bank 1,04,000
18,000

Provision for taxation

60,000 80,000

Total 12,24,000 11,38,000 Total 12,24,000 11, 38,000

Additional information:

a) During the year 2007, dividend of Rs. 84,000 was paid.

b) Assets of another company were purchased for consideration of Rs. 1, 00,000
payable by the issue of shares; the assets included land and building Rs.50,000
and stock of Rs. 50,000

c) Income tax paid during the year was Rs. 70,000

d) Addition to buildings were Rs. 75,000

e) Depreciation written off on machinery is Rs. 24,000 and on land and building is Rs. 45,000