Business and accounting(may 2009)

Business and accounting(may 2009)

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    Business and accounting(may 2009)
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    Business and accounting(may 2009)
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    • 1. 8 Register Number : Total fixed cost - Rs. 4,500 Name of the Candidate : Total variable cost - Rs. 7,500 2 7 1 4 Total sales - Rs. 15,000 B.C.A. DEGREE EXAMINATION, 2009(e) Also, calculate the volume of sales to ( SECOND YEAR ) earn profit of Rs. 6,000. ( PART - III ) ( PAPER - VIII ) 620 / 220 BUSINESS AND ACCOUNTING ( New regulations and revised regulations ) ( Including Lateral Entry Systems ) May ] [ Time : 3 Hours Maximum : 100 Marks SECTION - A (8 × 5 = 40) Answer any EIGHT questions. All questions carry equal marks. 1. What are the objectives of preparing the trial balance ? Turn over
    • 2. 2 72. Rectify the following errors : Rs..... (i) Purchase book overcast by Rs. 1,300. Materials purchased - 2,00,000 (ii) Sales book under cost by Rs. 2,500. Wages - 1,00,000 (iii) Purchase return book overcast by Direct expenses - 20,000 Rs. 750. Opening stock of materials - 40,000 (iv) Sales return book under cost by Closing stock of materials - 60,000 Rs. 600. Factory overhead is absorbed at 20 % on3. What are the limitations of financial wages. Administration overhead is 25 % on statements ? the works cost. Selling and distribution4. What is comprehensive cost sheet ? Give a overheads are 20 % on the cost of production. model of that. Profit is 20 % on sales.5. Enumerate the advantages of cost accounting. 14. Briefly discuss the steps in the installation of a system of budgetary control.6. The following information relating to a company is given to you : 15. From the following information relating to quick Rs. standards Ltd., you are required to find out : Sales - 4,00,000 (a) P/V ratio. Fixed cost - 1,80,000 (b) Break - even point. Variable cost - 2,50,000 (c) Profit. Ascertain how much the value of sales must (d) Margin of safety. be increased for the company to break - even. Turn over
    • 3. 6 3 2007 7. Project TSV initially costs Rs. 25,000. It March - 5. Sold goods on credit to Robert generates the following cash inflows : Rs. 8,000. Year Cash in flow Present value of ,, 7. Received from Robert Rs. 6,000. Rs. Re. 1 at 10 % 1 9,000 0·909 ,, 9. Paid to Gopi Rs. 5,000. 2 8,000 0·826 ,, 20. Bought furniture for cash Rs. 7,000. 3 7,000 0·75112. Discuss the managerial uses of funds flow 4 6,000 0·683 statement ? What are its limitations ? 5 5,000 0·62113. You are required to compile a statement showing cost and profit from the information Taking the cut - off rate as 10 %. Suggest given, showing clearly : whether the project should be accepted or not. (a) Material consumed. 8. Prepare a trading account of Mrs. ABARANJI (b) Prime cost. for the year ending 31st March, 2007 from (c) Works cost. the following figures : Rs.... (d) Cost of production. Purchase - 3,00,000 (e) Cost of sales. Sales - 5,00,000 (f) Profit Stock (April - 1, 2006) - 40,000 and (g) Sales. Wages - 30,000 Turn over
    • 4. 4 5 Rs.... Per annum Rs. Carriage inwards - 4,000 Outside the state 6 weeks credit - 3,12,000 Returns outwards - 3,000 (iii) Time available for payments : Returns inwards - 2,500 For purchase 4 weeks - 78,000 Freight and clearing charges - 5,000 For wages 2 weeks - 2,60,000 Depreciation - 1,500 Additional information : Add 10 % to all for contingencies. Stock on 31st March, 2007 Rs. 42,000. 10. Define the term budge. What are the essentials of a budget ?9. From the following estimates, calculate the average amount of working capital required : SECTION - B (3 × 20 = 60) Per annum Answer any THREE questions. Rs. All questions carry equal marks. (i) Average amount locked up in stock : 11. Journalise the following transactions in the books of Mrs. Roja and post them in the Stock of finished goods ledger and balance the same : and work - in - progress - 10,000 2007 Stock of stores, March - 1. Bought goods for cash Rs. 25,000. materials etc. - 8,000 ,, 2. Sold goods for cash Rs. 50,000. (ii) Average credit given : ,, 3. Bought goods for credit from Local sales 2 weeks Gopi Rs. 19,000. credit - 1,04,000 Turn over
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