N A L A N D A O P E N U N I V E R S I T Y
Master of Computer Application Part-II
PAPER-XIV
(Accounting Financial Management)
Annual Examination, 2016
Time 3 Hours. Full Marks 80
Answer any Five Questions.
All questions carry equal marks.
1. Describe different kinds of accounting.
2. Frame a Trading Account with appropriate items. What is the difference between Trading
Account and Profit Loss Account
3. What is balance sheet What are its objectives and importance. Give an example of Balance
Sheet.
4. What ratios would you like to calculate for testing profitability, liquidity and solvency of a
business Give examples.
5. What is fund flow statement How is it prepared Give an example.
6. From the following Balance Sheets of Sen Co. prepare Cash Flow Statement for the year
ended 31st December 2015.
Liabilities Capital 2014
Rs.
2015
Rs. Assets 2014
Rs.
2015
Rs.
Creditors 40,000 44,000 Cash 16,000 44,000
Outstanding Expenses 10,000 2,000 Debtors 30,000 22,000
Loan 20,000 10,000 Bills Receivable 10,000 —
Capital 2,16,000 3,36,000 Stock 40,000 56,000
Fixed Assets 1,90,000 2,70,000
2,86,000 3,92,000 2,86,000 3,92,000
During the year the proprietor introduced Rs. 40,000 as additional capital. The net profit for
the year after charging Rs. 10,000 as depreciation on fixed assets, were Rs. 1,00,000.
7. Describe the tasks and responsibilities of a modern financial manager.
8. What is working capital Describe its sources.
9. What assets are considered to be current assets Explain the factors influencing capital
requirements.
10. Define Accounting and throw light on its scope.