April 2013 (Summer drive) Bachelor of Computer Application (BCA) – Semester 3 BC0044 – Accounting and Financial Management – 4 Credits

(Book ID: B0805) (60 Marks)

Answer the following questions:
1. What are the basic accounting concepts ? Explain their implications. (10 Marks) 2. Explain various techniques of inventory management. (10 Marks) 3. “Efficient cash management will aim at maximizing the availability of cash inflows by decentralizing collections and decelerating cash outflows by centralizing disbursements” Discuss. (10 Marks)

4. Enter the following transactions in a cashbook with cash, bank and discount columns. 2008 Jan.1 Commenced business with Rs.16,000 in cash Jan.2 Paid into bank Rs. 14,500 Jan.3 Bought goods for Rs. 3,850 and paid by cheque. Jan.4 Bought furniture for cash Rs. 680 Jan.5 Sold goods for cash Rs. 2,600 and deposited the same into bank. Jan.10 Bought goods for Rs. 4,850 and paid by cheque. Jan.11 Bought stationery for Rs. 185 Jan.15 Received cash from Hegde Rs.680 allowing him a discount of Rs. 20 Jan.20 Paid Raj his dues by cheque Rs. 240 receiving a discount of Rs.10 Jan.25 Paid Chandra by cheque Rs. 400 Jan.26 Sold goods for cash Rs. 585 and remitted the same into the bank. (15 Marks)

29 Drew cheque for salary Rs.35) Net Profit after taxes 4000000 3080000 920000 680000 240000 84000 156000 Calculate : (i) Current ratio .365 Jan. 2. Jan.31 Drew cheque for personal use Rs 100 5. for the current year : (15 Marks) Balance Sheet as on 31-3-2008 Liabilities Equity Share Capital Retained Earnings Sundry Creditors Bills Payable Other Current Liabilities Amount Assets 1000000 Plant & Equipment 368000 Land & Buildings 104000 cash 200000 Sundry Debtors 20000 Stock Prepaid Insurance 1692000 Amount 640000 80000 160000 320000 480000 12000 1692000 Income statement as on 31-3-2008 Sales Less : Cost of Goods Sold Gross Profit Less : Operating Expenses Operating Profit Less : Taxes (0. The following financial information is furnished by Aditya Mills Ltd.27 Our cheque to Chandra returned dishonored.Jan.

(ii) (iii) (iv) (v) (vi) (vii) (viii) Acid-Test ratio Stock Turnover Ratio Debtors Turnover Ratio Creditors Turnover ratio Gross Profit Ratio Net Profit Ratio Return on equity capital .

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