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    Term-End Examination June, 2010 Mcs-035: Accounting and Financial Management

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    Anishia Kuriakose
    The document provides instructions and questions for an exam on accounting and financial management. It includes a trial balance, financial statements, and cash flow statement to complete as well as discussion questions on topics like net present value, working capital, accounting principles, and short concepts. Students have 3 hours to complete the exam worth a maximum of 100 marks by answering one compulsory question worth 40 marks and choosing 3 other questions worth 20 marks each.

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    Term-End Examination June, 2010 Mcs-035: Accounting and Financial Management

    Uploaded by

    Anishia Kuriakose
    38 views4 pages
    The document provides instructions and questions for an exam on accounting and financial management. It includes a trial balance, financial statements, and cash flow statement to complete as well as discussion questions on topics like net present value, working capital, accounting principles, and short concepts. Students have 3 hours to complete the exam worth a maximum of 100 marks by answering one compulsory question worth 40 marks and choosing 3 other questions worth 20 marks each.

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    MCS-035 2010

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    The document provides instructions and questions for an exam on accounting and financial management. It includes a trial balance, financial statements, and cash flow statement to complete as well as discussion questions on topics like net present value, working capital, accounting principles, and short concepts. Students have 3 hours to complete the exam worth a maximum of 100 marks by answering one compulsory question worth 40 marks and choosing 3 other questions worth 20 marks each.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    38 views4 pages

    Term-End Examination June, 2010 Mcs-035: Accounting and Financial Management

    Uploaded by

    Anishia Kuriakose
    The document provides instructions and questions for an exam on accounting and financial management. It includes a trial balance, financial statements, and cash flow statement to complete as well as discussion questions on topics like net present value, working capital, accounting principles, and short concepts. Students have 3 hours to complete the exam worth a maximum of 100 marks by answering one compulsory question worth 40 marks and choosing 3 other questions worth 20 marks each.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    No.

    of Printed Pages : 4 MCS-035


    MCA (Revised)
    Term-End Examination
    June, 2010
    cV
    MCS-035 : ACCOUNTING AND FINANCIAL
    MANAGEMENT
    (NI Time : 3 hours Maximum Marks : 100
    (Weigh tape : 75%)
    Note : Question number 1 is Compulsory and carries 40 marks.
    Attempt any three questions from the rest, which carry
    20 marks each.

    1. (a) From the following Trial Balance and other


    information prepare the Trading and Profit
    and Loss Account for the year ended 31st 25
    March, 2008 and Balance Sheet as on that
    date :
    Debit Balance Credit Balance
    Particulars
    (Rs.) (Rs.)
    Sundry Debtors 32,000 -
    Stock (Is' April, 2007) .... 22,000 -
    Cash in Hand 35 -
    Cash in Bank 1,545 -
    Plant & Machinery 17,500 -
    Sundry Creditors - 10,650
    Trade Expenses 1,075 -
    Sales - 1,34,500
    Salaries 2,225 -
    Carriage Outwards 400 -
    Rent 900 -
    Bills Payable - 7,500
    Purchases 1,18,870 -
    Discounts 1,100 -
    Premises 34,500 -
    Capital (Ist April, 2007) - 79,500
    2,32,150 2,32,150


    MCS-035 1 P.T.O.
    The Stock on 31 st March, 2008 was
    Rs. 12,450. Rent was unpaid to the extent
    of Rs. 85 and Rs. 150 were outstanding for
    Trade Expenses; Rs. 400 are to be written
    off as bad debts out of the above debtors;
    and 5% is to be provided for doubtful debts.
    Depreciate Plant and Machinery by 10%
    and Business Premises by 2%.
    Manager is entiteld to a commission of 5%
    on net profit after charging his commission.
    (b) From the following Balance Sheets of 15
    M/s. Gupta & Co., prepare the Cash
    Flow Statement for the year ended
    March 31, 2007.

    2006 2007 2006 2007


    Liabilities Assets
    (Rs.) (Rs.) (Rs.) (Rs.)
    Creditors 20,000 22,000 Cash 8,000 22,000
    Outstanding Debtors 15,000 11,000
    Bills
    Expenses 5,000 1,000 Receivable 5,000 ---
    Loan From X 10,000 5,000 Stock 20,000 28,000
    Fixed
    Capital 1,08,000 1,68,000 Assets 95,000 1,35,000
    1,43,000 1,96,000 1,43,000 1,96,000

    During the year, the proprietor introduced


    Rs. 20,000 as additional capital. The net
    profits for the year, after charging Rs. 5,000
    as depreciation on fixed assets, were
    Rs. 50,000.

    MCS-035 2
    2. Krishna Ltd. is considering an expansion of the 20
    installed capacity of one of its plant at a cost of
    Rs. 35,00,000. The firm has a minimum required
    rate of return 12%. The following are the expected
    cash inflows over next 6 year after which the
    plant will be scrapped away for nil value.
    Cash PVF of Rs.
    Year inflows (Rs.) 1/-at 12%
    1 10,00,000/- 0.893
    2 10,00,000/- 0.797
    3 10,00,000/- 0.712
    4 10,00,000/- 0.636
    5 5,00,000/- 0.567
    6 5,00,000/- 0.507
    Consider the proposal on the basis of the NPV
    techniques.

    'Profit maximization can not be the ultimate 20


    objective of financial management.' Elucidate the
    statement.

    What is meant by Working Capital ? Discuss the 20


    factors affecting the determination of working
    capital. Distinguish between permanent working
    capital and temporary working capital.

    5. Discuss the following generally accepted 20


    accounting principles in India.
    Business Entity Concept
    Disclosure Convention

    MCS-035 3 P.T.O.
    6. Write short note on : 20
    Stock - Out Cost
    Time Value of Money
    Need for holding the cash
    Importance of Ratio analysis
    (e) Liberal Credit Policy

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