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Thursday, November 26, 2015





Roll No…..
Total No. of Questions: 09

Paper ID [B0103]
MCA (Sem.-1st)
ACCOUNTING & FINANCIAL MANAGEMENT
Subject Code: MCA-103 (N2)

Time: 3 Hrs.                                                                           Max. Marks: 60
Instruction to Candidates:
1.     Attempt any One question from each Sections- A, B, C & D.
2.     Section-E is Compulsory.
3.     Use of Non-programmable Scientific Calculator is allowed.

SECTION-A
1.     Define accounting. Give a brief explanation of the various accounting concepts and conventions which form the backbone of accounting.
2.     Prepare a trading and profit and loss account and balance sheet from the following trial balance:
TRIAL BALANCE

Dr. (in Rs.)
Cr. (in Rs.)
David’s drawing and capital
5,000
40,000
Leasehold Land
25,000

Freehold Premises
20,000

Goodwill
7,000

Trademarks
13,000

Machinery and plant
15,000

Fixtures and Fittings
2,000

Stock and commencement
18,000

Bills Receivable and Payable
4,000
6,000
Sundry Debtors and Creditors
16,000
24,000
Purchases and sales
80,000
1,50,000
Returns
1,000
2,000
Carriage ‘in’
1,500

Carriage ‘out’
500

Freight Duty etc.
1,200

Manufacturing Wages
22,000

Coal, fuel, gas etc.
800

Factory Expenses
4,500

Salaries
18,000

Rent, Taxes and Insurance
6,000

Commission
2,500

Interest

3,000
Discount
4,000
6,000
Stationary
500

Trading Expenses
1,800

Cash in hand
700

Bankers

39,000
Total
2,70,000
2,70,000

SECTION-B
3.     The following the balance sheet of X & Co. for the year ending Dec. 31, 2009.
Liabilities
Rs.
Assets
Rs.
X’s Capital
15,00,000
Goodwill
1,00,000
Long term loan from bank
3,00,000
Land and Building
6,50,000
Bills Payable
60,000
Plant
8,00,000
Sundry  Creditors
70,000
Furniture
1,50,000
Bank Overdraft
30,000
Bills Receivable
70,000
Outstanding Expenses
5,000
Sundry Debtors
90,000


Bank Balance
45,000


Short term investment
25,000


Prepaid expenses
5,000


Stock
30,000

19,65,000

19,65,000

From the balance sheet calculate current ratio, acid test ratio, absolute liquid ratio and comment upon the liquidity position of the firm.
4.     Distinguish between fund flow statement and cash flow statement. Explain the various uses of cash flow statement.
SECTION-C
5.     What is marginal costing? What are its assumptions? Explain any three applications of marginal costing.
6.     Write notes on:
(a)  Standard costing and Variance analysis
(b) Break-even Chart.
SECTION-D
7.     Distinguish between manual accounting and computerized accounting? Explain the various advantages and disadvantages of computerized accounting system.
8.     What are the subsystems in the Computerized Accounting System? Explain.
SECTION-E
9.     (a) What is accounting equation?
(b)What is double entry system of book keeping?
(c)  Define financial management.
(d) What is Return on Investment?
(e)  What is meant by fund flow?
(f)   What is meant by cash from operating activities?
(g)  Define Contribution.
(h) What is Profit Volume ratio?
(i)    What is meant by computerized accounting?
(j)    What is break-even point?



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