PGDCAA DCA CCA-02
June Examination 2016
PGDCAA DCA CCA Examination
Fundamentals of Accounting
Paper PGDCAA DCA CCA-02
Time 3 Hours Max. Marks 100
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 10 × 2 20
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the question you delimit your answer in one word, one sentence or maximum upto 30 words. Each question carries 2 marks.
What are fixed assets?
Under which accounting principle, quality of manpower is not recorded in the books of accounts?
What do you understand by posting?
Which account should be debited, if wages are paid for installation of machine?
What is contra entry?
Give two examples of entries which appear in a 'Journal proper'.
485
PGDCAA DCA CCA-02 200 4 (P.T.O.)
PGDCAA DCA CCA-02 200 4 (Contd.)
485
State any two limitations of financial statement analysis.
(viii) Name any two ratios to know the 'short term solvency'
of the firm.
List any two investing activities which result into outflow
of cash.
What is mean by 'funds from operations'?
Section B 4 × 10 40
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 10 marks.
Classify different type of accounts and explain rules of
journalising in these accounts.
What do you understand by 'subsidiary books'. Describe the
objects of preparing such books.
Write explanatory notes on the following:
Outstanding expenses
Prepaid expenses
Accrued income
Unearned income
Distinguish between:
Trial Balance and Balance Sheet
Profit and Loss Account and Balance Sheet
What is a 'Petty Cash Explain the method of posting
in a petty cash book.
PGDCAA DCA CCA-02 200 4 (P.T.O.)
485
Explain the meaning of 'funds flow statement. What are the
various sources and uses of funds?
Write short notes on:
Trend Analysis
Current Ratio
From the following information prepare cash flow statement
for the year ended 31st March 2015:
Particulars Rs.
Opening Cash Balance 10,000
Closing Cash Balance 12,000
Decrease in Trade receivables 5,000
Increase in Trade payables 7,000
Sales of Fixed Assets 20,000
Redemption of debentures 50,000
Net profit for the year before tax 20,000
Section C 2 × 20 40
(Long Answer Questions)
Note: Answer any two questions. You have to delimit your each
answer maximum upto 500 words. Each question carries
20 marks.
10) Define accounting. Who are the users of accounting and state
briefly the information needs of them.
11) What is Trial Balance? What are the objects of preparing it?
Discuss the methods of preparation of a Trial Balance.
PGDCAA DCA CCA-02 200 4
485
12) Write short notes on:
Basic Accounting concepts
Schedule of changes in working capital
13) Following is the Trial Balance of Ganesh on 31st March 2014.
Draw the Final Accounts from the balances therefrom:
Trial Balance
as on 31st March 2014
Particulars Debit

Credit

Capital 1,50,000
Stock on 1st April 2013 30,000
Cash at Bank 10,000
Cash in Hand 5000
Machinery 1,00,000
Furniture 13,000
Purchases 2,00,000
Wages 50,000
Carriage inwards 33,000
Salaries 70,000
Discount Allowed 4,000
Discount Received 5,000
Advertising 50,000
Office Expenses 40,000
Sales 5,00,000
Sundry Debtors 90,000
Sundry Creditors 40,000
6,95,000 6,95,000
Value of closing stock as on 31st March 2014 was 50,000.