Accounting and Financial Management Question Paper of MCA Semester 1, Download Question Paper 1

Roll No…….

Total No. of Questions: 09   

          MCA (Sem.-1^st)

ACCOUNTING AND FINANCIAL MANAGEMENT

SUBJECT CODE: MCA-103(N2)

Paper ID: [B0103]

Time: 3 Hrs.                                                                           Max. Marks: 60

Instruction to Candidates:

1.     Attempt any One questions from each Sections-A, B, C, & D.

2.     Section-B is Compulsory.

3.     Use of non-programmable Scientific Calculator is allowed.

SECTION-A

1.     Discuss the various accounting principles and concepts.

2.     Redraft the incorrect Trial Balance.

Name of Account	Debit	Credit
Capital		30,000
Furniture		3,000
Deposit with Bank	22,500
Interest Received	1,125
Miscellaneous Receipts	2,250
Sundry  Creditors		3,750
Sundry Debtors	10,500
Discount Allowed		750
Discount Received	600
Purchases	90,000
Sales		1,20,000`
Return Inwards	1,500
Return Outwards		2,250
Carriage Inwards	2,250
Carriage Outwards		1,500
Salaries	4,500
Wages	3,000
Miscellaneous Expenses		3,000
Cash in Hand	375
Opening stock	17,100
Closing Stock	8,550
	1,64,250	1,64,250

SECTION-B

3.     Bring out of difference between cash flow statement and a funds flow statement.

4.     From the following figures extracted from the income statements and balance sheet of Anu Sales Pvt. Ltd, Calculate Debt-Equity ratio.

	Rs.		Rs.
Fixed Assets	4,00,000	Equity Shares	2,00,000
Current Assets	2,00,000	9% preference shares Debentures	1,00,000
		10% debentures of Rs. 100 each Reserves:	1,00,000
		General Reserve	50,000
		Reserve for contingencies	50,000
		Current Liabilities	1,00,000
	6,00,000		6,00,000

SECTION-C

5.     What do you mean by marginal costing? Discuss in detail the managerial applications of marginal costing.

6.     Discuss the various cost classifications.

SECTION-D

7.     Discuss the advantages of computerized accounting.

8.      What are the sub modules of computerized accounting system.

SECTION-E

9.     (a) Personal accounts.

(b) Differentiate between prepaid expenses and outstanding expenses.

(c) Actual concept

(d) Comparative Financial Statements.

(e) Dividend decisions.

(f) Break even point.

(g) Computerized Accounting.

(h) Scope of financial Management.

(i) Ratio Analysis.

(j) Standard Cost.