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Home / Test Papers / IGNOU / CS54 Finance & Accounting on Computers CS54 Finance & Accounting on Computers December 2005 | Ask a question Print this page |
ADCA / MCA (II Yr)
Term-End Examination
December, 2005
CS-54: Finance & Accounting on Computers
Time: 3 hours
Maximum Marks: 75
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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