Spring 2012 Master of Computer Application (MCA) Semester 1 MC0065 FINANCIAL MANAGEMENT AND ACCOUNTING - 4 Credits (Books ID:

D: B0724) Assignment Set 1 (60 Marks)

1. Explain the Single and Double entry system with a examples 2. [10 Marks ]

What is the difference between Personal account, Real Accounts and Nominal account? [10 Marks ] [10 Marks ]

3. What is Journal? Explain its features.

4. What is the purpose of Trial Balance? Explain the contents of trial balance. [10 Marks ] 5. How do you classify the errors? 6. Write a note on: A) Financial statements. B) Fixed assets C) Intangible assets D) Quick assets E) Secured loans [05 Marks ] [15 Marks ]

Spring 2012 Master of Computer Application (MCA) Semester 1 MC0065 FINANCIAL MANAGEMENT AND ACCOUNTING - 4 Credits (Books ID: B0724) Assignment Set 2 (60 Marks)
1. Write a formula for Gross Profit, Operating New Profit and Current Ratio. [10 Marks ] 2. Calculate current ratio: [05 Marks ]

If your current assets cost = Rs 875000 and Current liabilities = Rs 267000 than what will be the current ratio? 3. Explain the following items with live examples: A) Standard liquid ratio B) Proprietary ratio C) Capital Gearing ratio D) Debt equity ratio E) Gross profit ratio 4. How do you calculate the Net profit ratio? Explain with example. [10 Marks ] [15 Marks ]

5. What is the difference between funds flow statement and P&L account? [05 Marks ] 6. Explain the features of Cash flow statement. 7. Explain the classifications of Cost. 8. Briefly explain the concept of Profit/Volume ratio with examples. [05 Marks ] [05 Marks ] [05 Marks ]