2005 Indira Gandhi National Open University (IGNOU) Post Graduate Diploma Computer Application CS-54 : Finance & Accounting on Computers December, 2005 Question paper
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PGDCA \ MCA (II Yr)
Term-End Examination
December, 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) Calculate the following ratios from the Balance Sheet given below : (10)
(i) Debt Equity Ratio
(ii) Book Value Per Ordinary Share
(iii) Current Ratio
(iv) Liquidity Ratio
Also comment on the financial position of the company.
Balance Sheet of ABC Ltd. as on 31-12-98
Liabilities Rs.
Ordinary Shares (Rs. 10 each) 1,00,000
9% Preference Shares 50,000
8% Debentures 50,000
Retained Earnings 20,000
Creditors 45,000
2,65,000
Assets
Fixed Assets 1,80,000
Stores 25,000
Debtors 55,000
B/R 3,000
Bank 2,000
2,65,000
(b) What are the different types of lnvestment Proposals ? (5)
2. (a) What is Budgetary Control ? What are the main steps in installing a Budgetary Control System ? (7)
(b) "Cost Volume Profit Analysis is essentially a technique of cost analysis and cost presentation." Explain the statement with reference to the application merits and limitations of Cost Volume Profit Analysis. (8)
3. (a) What are the essential elements of a Project Report ? What are the different methods of appraisal ? (8)
(b) What is a capital structure ? What are the features of an appropriate capital structure ? (7)
4. With the help of a suitable example, explain how profit is ascertained under absorption costing and marginal costing. Also, explain the importance of marginal costing for business enterprises. (15)
5. From the Balance Sheet of Jai Hind Ltd., prepare the following: (30)
(i) A Statement showing Changes in Working Capital
(ii) A Funds Flow Statement
Preparation ol separate accounts should form part of your answer.
Balance Sheet
Liabilities 31 March Assets 31 March
1995
Rs. 1996
Rs. 1995
Rs. 1996
Rs.
Equity Share Capital 3,00,000 4,00,000 Goodwill 1,15,000 90,000
12% Reedemable Pref Share Capital 1,50,000 1,00,000 Land and Building 2,00,000 1,70,000
General Reserve 40,000 70,000 Plant 80,000 2,00,000
Profit & Loss A/c 30,000 48,000 Debtors 1,60,000 2,00,000
Proposed Dividends 42,000 50,000 Stock 77,000 1,09,000
Creditors 55,000 83,000 Bills Receivable 20,000 30,000
Bills Payable 20,000 16,000 Cash in hand 15,000 10,000
Provision for Taxation 40,000 50,000 Cash at bank 10,000 8,000
6,77,000 8,17,000 6,77,000 8,17,000
The following is the additional information available:
(i) Depreciation of Rs. 10,000 and Rs. 20,000 have been charged or Plant and Land & Building respectively in 1996.
(ii) An interim dividend of Rs. 20,000 has been paid in 1996.
(iii) lncome Tax of Rs. 35,000 has been paid in 1996.
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