Introduction of receivable management

May 28th, 2015
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GROUP A: Answer any Three Questions.(Question No1 is compulsory) Q1) Discuss in Short Functions of Financial Accounting Q2) write the difference between Management Accounting & Financial Accounting

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SET-ISubject: Financial AccountingCourse: MCA 04GROUP A: Answer any Three Questions.(Question No1 is compulsory)Q1) Discuss in Short Functions of Financial AccountingQ2) write the difference between Management Accounting & Financial AccountingQ3) Explain the following three in detail a) Going Concern Concept b)Disclosure concept c)Accurate ConceptQ4)Journalize the following transaction in books of Shri Gajanan. 2011 April 1.Gajanan strated bussiness with Cash Rs 71,000 2. Purchased goods from Mahes Rs 20,000 on creedit 5.deposited cash into bank of India Rs.30,000 9. sold goods to Dhanraj Rs 25,000 on credit 11 purchased furniture of Rs 10,000 in cash 14. paid mahesh by cheque of bank of India Rs 10,000 18. Recived a bearer cheque for Rs 15,000 from Dhanraj 30. paid salary by cheque Rs 4,000Q5)From the following Trial balance of Mr.Bahugune prepare a trading & profit & loss A/c for the year ended 31/03/11 & balance sheet as on that dateA trial Balance As on 31st March 2011Additional InformationClosing stock Rs 27000Group B: Answer any Three Questions.(Question No.6 is compulsory)Q6) What are Objectives of Financial ManagementQ7)Discuss the role of Computers in AccountingQ8)Discuss in Detail BEP AnalysisQ9)From the following Balance sheet of XYZ Ltd. Calculate the following Ratio

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