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PUNJAB TECHNICAL UNIVERSITY MCA - II (SEM 3) MAY 2008 : Accounting and Financial Management

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Roll No. ...................... Total No. of Questions : 13] [Total No. of Pages : 02 Paper ID [A0503] (Please fill this Paper ID in OMR Sheet) MCA (103) (S05) (O) (Sem. - 1st) ACCOUNTING AND FINANCIAL MANAGEMENT Time : 03 Hours Maximum Marks : 75 Instruction to Candidates: 1) Section - A is Compulsory. 2) Attempt any Nine questions from Section - B. Section - A Q1) (15 2 = 30) a) What are Real and nominal accounts? b) What is going concern concept? c) What is a ledger? d) What is a day-book? e) What is triple column cash-book? f) What is cash discount? g) What is suspense account? h) What are purchase returns? i) Explain liquidity ratio? j) What is the meaning of fund? k) What is prime cost? l) What is marginal cost? m) What is variance analysis? n) What is debt? o) What is a sub-module? D-611 P.T.O. Section - B (9 5 = 45) Q2) What is meant by accounting convention? Give various accounting conventions? Q3) What is a trial balance? How is it prepared? Q4) From the following entries, make a journal, prepare ledger and trial balance: (a) X started business with a capital of Rs. 50000. (b) X purchased goods for cash Rs. 10000. (c) He sold good on credit to Y for Rs. 5000. (d) X paid for rent of the shop Rs. 500. (e) Three months later, Y became insolvent, paying 50 paise a rupee. Q5) What is financial management? How is it different from financial accounting? Q6) What is long-term solvency? How is it measured? Q7) What is the meaning of a fund? Differentiate it from cash? Q8) What is the scope of marginal costing in today times? Q9) What are the limitations of break even analysis? Q10)What is the standard costing? Give its scope? Q11)What is meant by computerized accounting? What are its advantages? Q12)How the error control can be exercised through the computerized accounting? Q13)How the self-audit is possible in the computerized accounting? kbkb D-611 2

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Additional Info : Mca - I(sem 1) May 2008 Question Paper - Accounting and Financial Management
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