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Posted By: SRIMATHI Member Level: Diamond Posted Date: 08 May 2008
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2005 Indira Gandhi National Open University (IGNOU) Post Graduate Diploma Computer Application CS-54 : Finance & Accounting on Computers June, 2005 Question paper
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PGDCA \ MCA (II Yr)
Term-End Examination
June, 2005
CS-54 : Finance & Accounting on Computers
Time: 3 hours
Maximum Marks: 75
Note : Question No. 5 is compulsory. Answer any three questions from the rest.
1. (a) From the following information calculate all Material and labour variances.
Material purchased (20,000 units) Rs. 88,000
Material consumed (19,000 units)
Actual wages paid for 4950 hours Rs. 24,750
Units produced 1,800 units
Standard rates and pieces are :
Direct material rate is Rs. 4 00 per unit
Standard input is 10 numbers for one unit
Direct labour rate is Rs. 4 00 per hour
Standard requirement is 2.5 hours per unit. (10)
(b) What do you understand by 'Variance analysis' ? Also explain how the variance can be controlled. (5)
2. (a) Differentiate between Profit Maximisation and Wealth Maximisation objective of the firm. (5)
(b) Explain the concept and process of the following: (i) Zero base budgeting (5)
(ii) Performance budgeting (5)
3. (a) Explain, in detail, the various parameters used for judging the efficiency in managing working capital. (7)
(b) Briefly explain the various determinants of capital structure. (8)
4. What is dividend policy ? Explain in detail, the vaious forms of dividend and the factors affecting dividend decisions. (15)
5. From the following particulars for the year ending 31st March 2003 of M/s XYZ Ltd., prepare Trading and Profit and Loss A/c and Balance Sheet on that date
Rs. Rs.
Stock (1.4.2002) 23,200 Advertisement 15,950
Capital (1.4.2002) 1,45,000 Apprenticeship Premium 3,480
Purchases 58,000 Bills receivable 10,150
Sales 2,32,000 Bills Payable 7,250
Office Expenses 23,345 Sundry debtors 58,000
Return Inward 4,350 Plant & Machinery 13,050
Interest on Loan 870 Sundry creditors 45,820
Return Outward 1,160 Loan (Dr) @ 10% on 1.4.20O2 14,500
Drawings 8,700 Investment 8,700
Wages 20,010 Cash at bank 10,150
Land and building 1,59,500 Cash in hand 725
Furniture and fixtures 7,250 Stock (31.3.2003) 20,300
Adjustments :
(i) lnterest on capital to be allowed at 5% for the year.
(ii) Interest on drawings to be charged for the year is Rs.232.
(iii) Apprenticeship premium is for three years recelved in advance on 1st April 2002.
(iv) Stock valued at Rs. 8,700 destroyed by fire on 25.3.2003, but the insurance company admitted a claim of Rs. 5,800 only to be paid in the year 2004.
(v) Rs. 14,500 out of advertisement expenses are to be carried forward.
(vi) The manager is entitled to a commission of 10% at the net profit calculated after charging such commission.
(vii) The stock includes material worth Rs.2,900 for which bill had not been received and therefore not yet accounted for. (30)
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