BCA DCA2204 Principles of Financial Accounting and Management

Description

SESSION	JULY/SEPTEMBER 2025
PROGRAM	BACHELOR OF COMPUTER APPLICATIONS (BCA) / MASTER OF COMPUTER APPLICATIONS (MCA)
SEMESTER	VI
COURSE CODE & NAME	DCA2204 PRINCIPLES OF FINANCIAL ACCOUNTING AND MANAGEMENT

 

 

SET-I

 

 

Q1. a. Explain the dual aspect concept and the matching concept in accounting.

1. Explain the importance of financial statements. 5 + 5

Ans 1.

1. Dual Aspect Concept

The dual aspect concept is the foundation of modern double-entry accounting. It states that every business transaction has two aspects—a giving aspect and a receiving aspect—which must be recorded equally. This concept ensures that the accounting equation Assets = Liabilities + Capital always remains in balance. For example, when a business purchases machinery worth ₹50,000 for cash, there is an increase in assets (machinery) and a decrease in another asset (cash). Similarly, if goods are sold on credit, the business receives a debtor and gives away stock. This dual effect maintains accuracy, prevents manipulation, and ensures that financial books reflect the true financial position. It also forms the basis for preparing trial balances and financial statement

 

 

Its Half solved only

Buy Complete from our online store

 

https://smuassignment.in/online-store/

 

MUJ Fully solved assignment available for session Jul-Aug 2025.

 

Lowest price guarantee with quality.

Charges INR 198 only per assignment. For more information you can get via mail or Whats app also

Mail id is aapkieducation@gmail.com

 

Our website www.smuassignment.in

After mail, we will reply you instant or maximum

1 hour.

Otherwise you can also contact on our

whatsapp no 8791490301.

 

 

 

Q2. Record journal entries for the following transactions of Priya Traders:

1. Commenced business with ₹1,20,000.
2. Bought furniture for ₹10,000 in cash.
3. Sold goods for ₹30,000 on credit to Anil.
4. Paid salary ₹5,000.
5. Received commission ₹2,000 by cheque 2*5

Ans 2.

Journal Entries of Priya Traders

JOURNAL OF PRIYA TRADERS

Date	Particulars	L.F.	Debit (₹)	Credit (₹)
1	Cash A/c Dr		1,20,000
	To Capital A/c			1,20,000
	(Being business commenced with cash)

 

 

Q3a. Explain the steps in financial planning

1. Explain factors affecting the Capital structure. 5+5

Ans 3.

(a) Steps in Financial Planning

Financial planning is the systematic estimation and arrangement of financial resources to ensure smooth business operations. It ensures that adequate funds are available at the right time to support both short-term and long-term business goals.

1. Estimating Financial Requirements

The first step is identifying how much money the business needs for fixed assets (machinery, land, equipment) and for working capital (raw materials, wages, utilities). Proper estimation prevents shortages and avoids funds lying idle.

 

 

SET-II

 

 

Q4. From the following information, calculate:

1. Contribution per unit and Profit/Volume (P/V) Ratio
2. Break-even point (in units)

Selling Price per unit: ₹50

Variable Cost per unit: ₹35

Fixed Cost: ₹45,000  

Ans 4.

Calculate Contribution per Unit, P/V Ratio, and Break-Even Point

Given:

• Selling Price per unit (SP) = ₹50
• Variable Cost per unit (VC) = ₹35
• Fixed Cost (FC) = ₹45,000

(a) Contribution per Unit & P/V Ratio

Step 1: Contribution per Unit

Formula

 

Q5.a. Explain the meaning and objectives of budgetary control.

1. Discuss its advantages and limitations. 4+6

Ans 5.

(a) Meaning and Objectives of Budgetary Control

Budgetary Control

Budgetary control is a systematic managerial technique that involves preparing budgets for various departments, comparing actual performance with these budgeted figures, and taking corrective actions wherever necessary. It ensures that every activity operates within planned limits and helps management coordinate future operations. Through continuous monitoring, budgetary control provides a structured approach for planning, executing, and evaluating financial and operational performance.

Objectives of Budgetary Control

The primary objective of budgetary control is planned operations, ensuring that all future activities are clearly defined and financial requirements are estimated in advance. Another major objective is

 

Q6. The summarized final accounts of two companies are as follows:

Balance Sheet

Liabilities	X Ltd Rs.	Y Ltd Rs.	Assets	X Ltd Rs.	Y Ltd Rs.
Share Capital Reserves 8% debentures	88,000 42,900 22,000	88,000 35,200 22,000	Fixed Assets Current Assets Less: Current Liabilities	1,21,000 1,25,400 93,500	96,800 1,03,400 55,000
	1,52,900	1,45,200		1,52,900	1,45,200

 

Revenue Statement for the year

 

Particulars	X Ltd (Rs.)	Y Ltd. (Rs.)
Sales Less: Cost of Sales Gross Profit Less: Operating Expenses Net Profit before Tax Less: Tax Profit after Tax	3,30,000 2,37,600 92,400 63,800 28,600 12,100 16,500	2,64,000 1,98,000 66,000 44,000 22,000 9,240 12,760

 

You are required to calculate the following ratios for X and Y Ltd.

(1) Current Ratio (2) Capital gearing ratio (3) Gross profit ratio (4) Net profit ratio

Ans 6.

Ratio for X Ltd and Y Ltd.

 

1. Current Ratio

Formula

X Ltd