Accounting and Financial Management Question Paper of MCA Semester 1, Download Question Paper 6

Roll No…..

Total No. of Questions: 09

Paper ID [MC103]

MCA (Sem.-1^st)

ACCOUNTING & FINANCIAL MANAGEMENT(MCA-103)

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.

SECTION-A

1.     What are the various concepts and conventions on which the accounting is based?

2.     Pass the journal entries and prepare the ledger from the following information.

·        Started business with a capital of Rs. 1,00,000

·        Purchased goods for Rs. 20,000.

·        Paid for office rent Rs. 3,000.

·        Paid Wages Rs. 5,000.

·        Sold goods on credit to Sohan Rs. 5,000.

·        Paid for snacks and tea Rs. 500.

·        Sohan returned goods worth Rs. 2,000 not being up to the mark.

·        Paid for the mobile bill Rs. 1,000.

·        Goods taken by the proprietor for his personal use Rs. 2,200.

·        Sohan paid Rs. 2,850 in full settlement of his account.

SECTION-B

3.     What is a ratio? Which ratios are used to measure the short term and long term liquidity of a concern?

4.     What is a cash flow statement? Why is it prepared? How is it different from the fund flow statement?

SECTION-C

5.     What is marginal costing? Construct a marginal cost curve? Why marginal costing is important to a business?

6.     You are given the following information:

Year            Sales           Profit

2006           1,20,000     9,000

2007           1,40,000     13,000

Assuming that the cost structure and selling price remain unchanged in the two years, find out (a) P/V Ratio (b) Break-even point (c) Profit when sales are 1,00,000.

SECTION-D

7.     What do you mean by computerized accounting? What are the advantages of computerized accounting?

8.     Which computer programs are available for accounting? Explain about any two of then comparatively.

SECTION-E

9.     (a) What is going concern concept?

(b) What is ledger?

(c) What is petty cash book?

          (d) What are current and quick ratios?

          (e) What is working capital?

          (f) What is angle of incidence?

          (g) What are profitability ratios?

          (h) What is opening and closing stock?

          (i) What is audit?

          (j) Which are the most liquid assets?