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Saturday 15 September 2012

May 2012 Bachelor of Computer Application (BCA) – Semester 3: contcat us for answers at assignmentssolution@gmail.com

May 2012
Bachelor of Computer Application (BCA) – Semester 3
BC0044 – Accounting and Financial Management – 4 Credits
(Book ID: B0805)
Assignment Set – 1 (60 Marks)
Answer all the questions.
1. Journalise the following transactions: (10 Marks)
01.01.09 Bought goods for Rs.10,000
02.01.09 Purchased goods from X Rs.20,000
03.01.09 Bought goods from Y for Rs.30,000 against a current dated cheque
04.01.09 Purchased goods from Z [price list price is Rs.30,000 and trade
discount is 10%]

05.01.09 Bought goods of the list prce of Rs.1,25,000 from M less 20% trade
discount and 2% cash discount. Paid 40% of the amount by cheque
06.01.09 Returned 10% of the goods supplied by X
07.01.09 Returned 10% of the goods supplied by Y
1. Explain errors of omission and errors of commission. (10 Marks)
2. From the following balances extracted from Trial balance, prepare Trading Account.
The closing stock at the end of the period is Rs. 56000 (20 Marks)
Particulars Amount in Rs.
Stock on 1-1-2004 70700
Returns inwards 3000
Returns outwards 3000
Purchases 102000
Debtors 56000
Creditors 45000
Carriage inwards 5000
Carriage outwards 4000
Import duty on materials received from
abroad
6000
Clearing charges 7000
Rent of business shop 12000
Royalty paid to extract materials 10000
Fire insurance on stock 2000
Wages paid to workers 8000
Office salaries 10000
Cash discount 1000
Gas, electricity and water 4000
Sales 250000
3. Why wealth maximization is superior to profit maximization? (10 Marks)
4. Following are the extracts from the Trial Balance of a firm as on 31st March 20X7
Dr Cr
Sundry Debtors 2,05,000
Provision for Doubtful Debts 10,000
Provision for Discount on Debtors 1,800
Bad Debts 3,000
Discount 1,000
Additional Information:
1) Additional Bad Debts required Rs.4,000
2) Additional Discount allowed to Debtors Rs.1,000
3) Maintain a provision for bad debts @ 10% on debtors
4) Maintain a provision for discount @ 2% on debtors
Required: Pass the necessary journal entries and show the relevant accounts including final
accounts.

May 2012
Bachelor of Computer Application (BCA) – Semester 3
BC0044 – Accounting and Financial Management – 4 Credits
(Book ID: B0805)
Assignment Set – 2 (60 Marks)
Answer all the questions. Each question carries 10 marks
1. What is over capitalization? How do we know over capitalization has occurred?
2. Explain permanent and temporary working capital.
3. A. What are the assumptions of EOQ Model.?
B. Consider the following data of X Ltd. Calculate EOQ
Annual usuage = 10000 units
Fixed cost per order = Rs.150
Purchase price per unit = Rs.20
Carrying cost = 25 percent
4. Explain the objectives of cash management
5. The income statement of Vignesh Ltd is as follows:
To Opening Stock 2,00,000 By Sales 12,00,000
Purchases 8,00,000 Closing Stock 1,00,000
Direct Expenses 1,00,000
Gross Profit 2,00,000
13,00,000 13,00,000
To Admn Expenses 1,00,000 By Gross Profit 2,00,000
Selling Expenses 80,000 Profit on sale of
Investments
60,000
Non-Operating exp 40,000 Dividends received 40,000
Net Profit 80,000
3,00,000 3,00,000
Calculate the Gross Profit Ratio, Net Profit Ratio, Operating Ratio, Operating Profit Ratio and
Expense Ratio.
6. Explain the steps involved in Funds Flow statement.


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