Dr.A.P.J.Abdul Kalam University BCA III SEM - Accounting & Financial Management [BCA304T] Dec - 2020 Question Papers

Dr.A.P.J.Abdul Kalam University 

Bachelor of Computer Application

Third Semester Main Examination, Dec-2020

Accounting & Financial Management [BCA304T]

Time: 3:00 Hrs 

Max Marks 40

Note : Attempt all questions. All questions carry equal marks.

Q.1 (a) Explain the meaning and process of accounting.

(b) What do you mean by balancing accounts?

(c) Journalise the following transaction and post them to ledger also balance the account:-

April 1 - Shyam commenced business with Rs. 20000 in cash.

April 3 - He buys merehenelise of Rs. 1,50,000 on account from Dhamesh.

April 5 - He buys furniture for Rs. 3000 an account from Narain.

April 8 - He pays Narain Rs. 29000.

April 10 - He pays Dhamesh Rs. 30000.

April 15 - Cash sales Rs. 50000.

April 18 - He sales goods to Rajesh on credit Rs.70000.

Q.2 (a) "The cash book always snows a debit balance" How far is this statement true.

(b) Record the following transactions in purchases. Return books of Kamal stores for June 2018.

June 6 - Returned goods to Ramesh brothers Rs. 500

June 8 - Returned goods to Sohan Bros. Rs. 450

June 15 - Returned goods to Prem & co. Rs. 700

June 17 - Returned goods to Mahesh Bro. worth Rs.2000 which was purchased for cash.

(c) What are subsidiary books?

Q.3 (a) Prepare final accounting from following trial balanceDr. (Rs) Cr. (Rs)

Opening stock 10000 -

Purchases 50000 -

Sales - 1,10000

Wages 40000 -

Rent 4000 -

Salaries 14000 -

Cash in hand 1000 -

Horses carts 2000 

Manager's commission 3000 -

Motor car 8000 -

Leasehold land 15000 -

Bank over draft - 10000

Capital - 52000

Patents 2000 -

 1, 72,000 1, 72,000

Closing stock :- Rs. 5000

(b) Discuss the methods of depreciation with suitable example.

(c) What is need of adjustment entries?

Q.4 (a) Explain cash flow statement in detail.

(b) What is principle of liquidity of funds?

(C) Prepare average collection periodTotal sales 200000

Cash sales (include in total) 40000

Sales return 14000

Total debtors at the end 22000

Bills receivable 8000

Bad debts provision 2000

Creditors 20000

Q.5 (a) Explain essentials of a good or ideal cost accounting system.

(b) What is replacement cost?

(c) From the following figures of Deepa ltd. Find out total cost and profit.

Opening stock of raw materials 40000

Purchase of raw materials 200000

Carriage inward 4000

Closing stock of raw materials 20000

Defective materials returned 2000

Direct wages 40000

Direct expenses 6000

Factory ever heads 16000

Opening stock of work in progress 6000

Closing stock of work in progress 10000

Administrative over head 20000

Opening stock of finished goods 10000

Closing stock of finished goods 6000

Selling and distribution over head 16000

Sales 400000

Attachment & Scanned Copies: 

Share This