AMAZON

Tuesday, March 29, 2011

2010 Bangalore University B.Com Accounting and Finance VI semester B.Com examination, May/June 2010 (Semester scheme) COMMERCE Elective Paper-4(a) : Accounting Information System Question paper

VI semester B.Com examination, May/June 2010
(Semester scheme)
COMMERCE
Elective Paper-4(a) : Accounting Information System
Time : 3 hrs max.marks:80 max. marks:90

SECTION-A
1. Answer any 10 sub-questions. Each sub question carries 2 marks (10x2=20).

a) Define Accounting.
b) Mention any four types of accounting softwares.
c) What is meant by journal voucher? Give an example.
d) State the primary groups of revenue in nature.
e) Write commands for creation and alteration of ledgers.
f) Define cost centre. How do you create it?
g) Narrate the procedure of computation of VAT with an example.
h) State the command to display VAT reports in tally.
i) What is meant by management reporting?
j) What is information audit?
k) Mention the techniques of financial analysis.
l) What are the managerial uses of funds flow analysis?

SECTION-B
Answer any six of the following. Each question carries 5 marks. (6x5=30)

2. State the features of computerized accounting.
3. Mention the importance of the command F11 in tally.

4. Write the commands to view in detail the following:
a) Day book
b) Cash account
c) Trail balance
d) P/L account
e) Balace sheet.

5. Distinguish between financial accounting and management accounting.
6. Define MIS.state its features.
7. What are the differences between auditing and investigation?

8. State the commands for creation of the following:
a) Fodown for Raw-material.
b) Stock group for Raw-material
c) Stock catigories
d) Unit of measurement
e) Stock item creation.

9. What is meant by VAT? What are its advantages?

SECTION-C
Answer any two of the following. Each question carries 15 marks(2x15=30)

10. Create necessary ledgers and mention the procedure for making the voucher entries for the following transactions.

1-4-2010 : Murthy started a business by bringing in cash of Rs.3,00,000.
2-4-2010 : Murthy opened a bank account with Canara Bank, Bangalore for the firm depositing
Cash Rs.2,00,000.
4-4-2010: He had rented an office space for Rs.3,000 p.m. on 1st April 2010 and has now paid
Security deposit of Rs.30,000 by cheque.
6-4-2010 : He hired Mr.Gupta as Assistant Manager Marketing on a monthly salary of Rs.10,000.
9-4-2010: Murthy issued cheques and purchased the following.
Furniture : Rs.10,000
Air conditioner: Rs.20,000
Electrical fitting: Rs.15,000
12-4-2010: paid wages Rs.2,500
15-4-2010: received commission Rs.6,000
18-4-2010: purchased goods from Aravind Traders for Rs.30,000
20-4-2010: Sold goods to Nandini Enterprises for Rs.45,000
25-4-2010: Withdraw from bank for personal use Rs.5,000
30-4-2010: paid by cheque rent Rs.3,000; salary Rs.10,000 and telephone bill Rs.4,000.

11. From the following particulars extracted from the books of Madhu Ltd.
Compute:
a) Current ratio
b) Acid test ratio
c) Stock turnover ratio
d) Debtors turnover ratio
e) Creditors turnover ratio
f) Average collection period.

Particulars 1-4-2009 31-3-2010
Bills receivable 15,000 30,000
Bills payable 30,000 15,000
Sundry debtors 60,000 75,000
Sundry creditors 37,500 52,500
Stock in trade 48,000 72,000

Additional information:
i) On 31-3-2010 there were assets: Building Rs.1,00,000, car Rs.60,000 and cash at bank Rs.48,000.
ii) Cash purchases Rs.69,000 and return outwards Rs.9,000.
iii) Cash sales Rs.75,000 and return inwards Rs.3,000.
iv) Rate of Gross profit 25% on sales and actual gross profit was Rs.75,000.

12. What is meant by a report? Explain the essentials of an ideal report.
13. Explain briefly the various steps for conducting information audit.

Amazon Weight