Question 1: What are concepts relating to accounting? Explain each one with the help of one example each. Write a critical note on accounting standards of India.
Question 2: Prepare a profit and loss account for a hypothetical company dealing with finance. Establish the linkages between the profit and loss account and balance sheet of a company. Explain the definition of each term used.
Question 3: What is the purpose of Working Capital? What is the operating cycle for Working Capital? Describe various concepts and kinds of Working Capital.
Question 4: What is meant by margin of safety? What is the usage of break-even chart? Describe the usages of break-even chart taking two examples.
CS-54 Accounting and Finance on Computers
Assignment Code : MCA(4)-54/Project/2007
Note : This is a Project. Answer all the questions. Each question carries equal weightage.
You may use illustrations and diagrams to enhance explanations.
Question 1: What are Budget and Budgetary Control? Collect data from a University and a Computer Company and develop their budgets under various categories (as per your block) for the year 2006-2007. Describe the budgetary control procedures followed by these companies. Develop a flowchart for creation of such budgets from the available data.
Question 2: Write a program in FORTRANC/C to compute control ratios
used in budgeting.