DHARMSINH DESAI UNIVERSITY, NADIAD
FACULTY OF TECHNOLIOGY
BCA SEMESTER-III [BCA]
Subject: Financial Accounting& Management (BCA-317)
Examination: 2nd Sessional
Seat No.: _____
Date:1 -10-2020
Day: Thursday
Time:1 hour 15 minutes
.
Max. Marks: 36
Q2
Attempt any two out of following questions
A
Discuss in detail importance and limitation of ratio
B
From the following information calculate Gross Profit Ratio, Net Profit Ratio ,Inventory
Turnover Ratio and Debtors Turnover Ratio.
Net sales
Cost of Revenue from Operations
Inventory at the end
Gross Profit
Inventory in the beginning
Trade Receivables/debtors
Sales related exp
C
Q3
3,00,000
2,40,000
62,000
60,000
58,000
32,000
30000
From the following detail calculate PBP ARR and PI
Year
Profit after depreciation and before tax
1
20000
2
30000
3
40000
4
50000
5
60000
Cash outflow 100000 useful life 5 year and tax rate is 30%
Discounting rate 10%
Value at discounting rate of 10%
Year
1
2
3
4
5
Value 0.909 0.826 0.751 0.683 0.621
From the following data prepare Cash budget from the period from 1 st March to 31st August 2020 when the
opening cash balance is expected to be Rs. 100000
Month
Q-3
12
Jan
Feb
March
April
May
June
July
Aug.
Sales Rs
200000
200000
200000
200000
200000
200000
200000
200000
Purchase Rs
120000
120000
120000
120000
120000
120000
120000
120000
wages Rs
18000
20000
19000
15000
22000
18000
21000
20000
factory expenses
20000
24000
20000
23000
34000
31000
40000
50000
administration expenses
10000
8000
10000
8000
10000
8000
10000
8000
Selling expenses Rs
8000
6000
8000
6000
8000
6000
8000
6000
factory rent
20000
20000
20000
20000
20000
20000
20000
20000
Additional Information
1. Machinery to be purchased for Rs. 40000 in August will be payable on delivery
2. Payment of purchase is equally made in two month from which purchase is made whereas collection of
sales is made equally in two months
3. Wages are paid ½ in same month while 1/2factory, administration and sales expenses are paid after one
month in which it arise
4. A sales commission is 2 1/2% on sales is paid after two months after sales
OR
From the following data prepare Cash budget from the period from 1 st March to 31st August 2020 when the
opening cash balance is expected to be Rs. 90000
Factory
Administration
Month Sales Rs Purchase Rs
wages Rs expenses Rs
expenses Rs
Jan
280000
90000
18000
20000
12000
12000
Feb
240000
96000
8000
12000
8000
March
200000
92000
19000
12000
April
120000
92000
15000
12000
6000
22000
12000
6400
18000
12000
7200
21000
12000
7600
May
June
July
320000
280000
240000
80000
72000
78000
12000
Aug.
280000
68000
20000
8000
Additional Information
5. Machinery to be purchased for Rs. 40000 in August will be payable on delivery
6. Payment of purchase is equally made in two month from which purchase is made whereas collection of
sales is made equally in two months
7. Wages are paid after one week while 1/2factory, and administration are paid in month which it arise
8. A sales commission is 2 1/2% on sales is paid after two months after sales
12
12