JAN 2010 MCA I SEM QUESTION PAPERS(JNTUK-REGULAR)
Time: 3 Hours Max Marks: 60
Answer any Five Questions All questions carry EQUAL marks
1. What are the basic Accounting Concepts? Explain the debit and credit principles.
2. Is it necessary to prepare the Trail Balance before preparing the Financial Statements?
Why the trail balance will not agree? Explain the reasons.
3. What is leverage ratio? How do you understand financial leverage through debt-equity
ratio?
4. The credit purchase of a company is Rs. 2, 00,000. The amount payable to the creditors
at the beginning and end of the year is Rs.42, 500 and Rs. 57,500respectively. Determine
the creditors turnover ratio and creditors payment period.
5. How do differentiate the Financial Accounting from Cost Accounting and Management
Accounting?
6. What is Standard Costing? Explain various types of Material variances.
7. Find out break-even point from the following:
(a) Fixed cost Rs. 20,000 variable cost Rs.2 per unit, selling price Rs.4 per unit
(b) Sales Rs.6, 000 variable cost Rs.3, 600 picture cost Rs .2, 000.
(c) Sales Rs.4, 000 variable cost Rs.2, 400 profit Rs.400.
8. From the following particulars determine funds from operation:
Rs
Net loss 10,000
Depreciation on machinery 15,000
Amortisation of good will 10,000
Loss on sale of plant 5,000
Profit on sale of land 8,000
Provision for bad debts 1,000
JAN 2010 MCA I SEM QUESTION PAPERS(JNTUK-SUPPLY)
Time: 3 Hours Max Marks: 60
Answer any FIVE questions All questions carry EQUAL marks
1. Explain “Funds from operation”, How it is computed?
2. What is the difference between profit Maximization and Wealth Maximization?
3. Differentiate the Master files and Transaction files?
4. What is Double entry system? How it is different from the single entry system? Explain
the advantages in Double Entry system over Single Entry system.
5. Explain the role of accountant in modern organization. What are accounting conventions
are to be followed while preparing the Final Accounts?
6. What are the elements of costs? Explain the terms with appropriate examples.
7. (a) The Fixed cost for the year is Rs.40, 000. Variable cost per unit for the single product
being made is Rs.2. Each unit sells at Rs.10.You are required to calculate the break -even
points.
(b) It has been found that Rs.80, 000 will be the likely sales turnover for the next budget
period. The cost and the selling price remain the same. Calculate the estimated
contribution.
(c) A profit target of Rs.30, 000 has been budgeted. Calculate the turn over required
8. Find out break-even point from the following:
(a) Fixed cost Rs.20, 000 variable cost Rs.2 per unit, selling price Rs.4 per unit.
(b) Sales Rs.6000 variable cost Rs.3, 600 picture cost Rs.2, 000.
(c) Sales Rs.4000 variable cost Rs.2, 400 profit Rs.400.
JAN 2010 MCA I SEM QUESTION PAPERS(JNTUK-SUPPLY)
Time: 3 Hours Max Marks: 60
Answer any FIVE questions All questions carry EQUAL marks
1. What is the Double entry system? How it is different from the single entry system?
Explain the advantages in Double Entry system over Single Entry system.
2. Explain the role of accountant in modern organization. What are the accounting
conventions are to be followed while preparing the Final Accountants.
3. What are the elements of costs? Explain the terms with appropriate examples.
4. What is the difference between Trail Balance and Balance Sheet?
5. What are the various stages of Accounting Process? Explain various basic Accounting
Concept which effect the Double Entry System.
6. What is Standard Costing? How you calculate Material Variances
7. From the following particulars determine funds from operation:
Rs
Net Loss 10,000
Depreciation on machinery 15,000
Amortization of good will 10,000
Loss on sale of plant 5,000
Profit on sale of land 8,000
Provision for bad debts 1,000
8. From the following particulars ,find out the new selling price per unit if B.E.P. is to be
brought down to 9,000 units
Variable cost per unit = Rs.125
Fixed expenses = Rs.2, 70,000
Selling price per unit = Rs .150
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