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Posted By: S.Yamininagarajan Member Level: Diamond Posted Date: 01 Jun 2008
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2005 Indira Gandhi National Open University (IGNOU) Finance and accounting on computers Question paper
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Test Papers / Previous Question Papers of IGNOU CS54 Finance & Accounting on Computers June 2005
ADCA / 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) Explain, in detail, the following accounting concepts. 9
(i) Business Entity Concept
(ii) Money Measurement Concept
(iii) Continuity Concept
(b) In what way can accounting information help in proper allocation of resources ? 6
2. An analysis of Delhi Manufacturing Co. Ltd. led to the following information :
Cost Element Variable Cost (% of sales) Fixed Cost (Rs.)
Direct material 32.8
Direct labour 28.4
Factory overheads 12.6 1,89,000
Distribution overhead 4.1 58,400
General Administration overheads 1.1 66,700
Budgeted sales are Rs: 18,50,000. you are required to determine. 15
(i) The break - even sales volume
(ii) The profit at the budgeted sales volume
(iii) The profit if actual sales
(a) drop by 10%.
(b) increase by 5% from budgeted sales.
3. (a) Explain, in detail, the concept and the process of Zero Base Budgeting. 7
(b) Explain the concept of financial leverage. In what day is financial leverage related to operating leverage ? Explain this using a suitable example. 8
4. What is a dividend, and why is dividend decision important ? Also explain the factors on which the dividend decision of a company are based. 15
5. (a) (i) Explain three components of working capital.
(ii) Explain any two determinants of working capital requirements of a firm. 10
(b) The following is the Trial Balance of Mr..Ram as on 31st March, 2004. you are required to prepare Trading and profit and Loss Account and the Balance Sheet. 20
Particulars Dr (Rs.) Cr. (Rs.)
Capital 4,000
Sundry creditors 5,200
Plant & Machinery 5,000
Office furniture 260
Bills payable 560
Bills receivable 720
Return inwards 930
Provisions for doubtful debts 250
Stock (1st April 2003) 4,800
Motor van 1,200
Sundry debtors 4,570
Cash in hand 40
Cash at bank 650
Wages 15,000
Salaries 1,400
Purchases 21,350
Sales 48,000
Drawings 700
Return outwards 550
Rent 600
Factory lighting and heating 80
Insurance 630
General expenses 100
Bad debts 250
Discounts 650 370
The following adjustments are to be made :
1. Stock on 31st March, 2004 Rs. 5200.
2. 3 months factory lighting and heating is due, but not paid Rs. 30.
3. 5% depreciation to be written off on furniture.
4. Write off further bad debts Rs. 70.
5. The provision for doubtful debts to be increased to Rs. 300 and provision for discount on debtors @ 2%to be made.
6. During the year machinery was purchased for Rs. 2,000, but it was debited to purchase account.
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