PGDCAA/DCA/CCA-02
December Examination 2017
PGDCAA DCA CCA Examination
Fundamentals of Accounting
Paper PGDCAA/DCA/CCA-02
Time 3 Hours Max. Marks 100
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 10 × 2 20
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question delimit your answer in one word, one sentence or maximum upto 30 words. Each question carries 2 marks.
Write accounting equation.
Explain dual aspect concept.
"Goods sold to Mohan for 5,000 at a trade discount of` 50." Write journal entry for it.
Give names of any two subsidiary books.
As 6 stands for ................
Give two examples of Real Accounts.
Give format of Three Column Cash Book.
485
PGDCAA/DCA/CCA-02 200 3 (P.T.O.)
PGDCAA/DCA/CCA-02 200 3 (Contd.)
485
(viii) Where sales return (return inward) will be shown in final
accounts.
Write formula of current ratio.
What do you meant by Intangible Assets?
Section B 4 × 10 40
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 10 marks.
Explain the limitations of financial statement analysis.
If current assets of a company are 3,00,000. Its current ratio
is 3 and liquid ratio is 1.2. Calculate current liabilities, liquid
assets and inventory.
Explain As 10 in brief.
Give the differences between fund flow statement and cash
flow statement.
Explain outstanding expenses, unearned income, and prepaid
expenses with their accounting treatment in final accounts in
brief.
Write a note on "pension interested in accounting."
Give journal entries for the following
Goods sold on credit 10,000 and trade discount allowed
1000.
Salaries paid by cheque 1,000.
Goods withdrawn by owner worth 2,000.
Goods loss by theft 2,000.
485
PGDCAA/DCA/CCA-02 200 3
Give the format of Purchase Book, Sales Book and Bill
receivable Book.
Section C 2 × 20 40
(Long Answer Questions)
Note: Answer any two questions. You have to delimit your each
answer maximum upto 500 words. Each question carries
20 marks.
10) Compute return on Capital employed (Total Assets basis) from
the following information.
X Ltd.

Y Ltd.

Net revenue from operations 5,00,000
Total Assets 80,000
Net return on revenue from
operations
20%
Operations turnover of total
assets (Based on revenue
from operations)
5 times
Gross margin 30% 10,000

11) Why common size statements are prepared? Explain briefly
the technique of preparing common-size Balance Sheet.
12) Give a specimen of cash flow statement by indirect method
using imaginary figures.
13) Prepare schedule of changes in working capital with taking
imaginary figures.