Accounting & Information System (Elective I Accounts)

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – OCTOBER 2013
B.COM. – V SEMESTER
ACCOUNTING & INFORMATION SYSTEM (ELECTIVE P-I – ACCOUNTS)
Time: 3 hours Max Marks: 100
SECTION-A
I) Answer ALL the following questions briefly in two or three sentence
(10×2=20)
1. What is an Information System? What are their basic classifications?
2. Is the use of Interaction and Interdependence of the system is similar. Why or
why not?
3. What is the use of Journal voucher in Tally?
4. What is GIGO?
5. What is Auditing around the computer?
6. What is consumer to consumer ecommerce?
7. What do you mean by EDI?
8. What is a proxy server? What are its important functions?
9. What is a cryptogram? What are the two types of cipher system?
10. How to delete a ledger which is created in Tally?
SECTION-B
II. Answer any FOUR questions from the following: (4 x5=20)
11. Explain how Accounting Information System helps in business?
12. Explain the differences between Traditional Auditing and Information
System Auditing?
13. Explain the company creation menu in Tally.
14. Explain Digital Signature and Digital Certificate.
15. Explain EFT with a neat diagram
16. From the following balance sheets of X Co. Ltd., you are required to prepare a
schedule of changes in working capital and statement of flow of funds.
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Dec.31,2007(Rs) Dec.31,2008(Rs)
Assets:
Land and Building 50000 50000
Plant 24000 34000
Stock 9000 7000
Debtors 16500 19500
Cash at Bank 4000 9000
Capital and Liabilities
Capital 80000 85000
P&L Appropriation a/c 14500 24500
Creditors 9000 5000
Mortgage Loan —— 5000
SECTION – C
III Answer ANY THREE questions from the following: (3×15=45)
17. Can business use Internet Technologies to help a company to gain
competitive advantage? Explain?
18. Explain the steps to conduct an Information System Audit.
19. Explain SET.
20. What are the elements of a system? Can we have a viable system without feed
back? Is feedback and control is related to each other? Explain.
21. Explain the role of ecommerce in business.
SECTION – D
IV Compulsory Question (1×15=15)
22.
Create the following transactions with necessary Journal, Group and pass it to
the vouchers with voucher buttons ad date.
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2012
April 1 Amir started business with cash Rs.100000.He opens an account with
AXIS Bank and deposits Rs.50000.
April 2 bought furniture with Rs.5000 machinery for Rs.14000
April 3 Sold goods for 15000.
April5.Purchased goods worth Rs.16000 from Anil, trade discount allowed by
him 20%.
April 6 Withdrew cash for personal expense Rs.1000 and for business use
Rs.2000
April 8 sold goods to Mr. Mike Rs.5000 on credit
April 10 Mr. Mike returned goods Rs.1000
April14 Received cash in full settlement from Mr. Mike Rs.4000
April 16Paid carriage on goods purchased Rs.600
April 18 Paid carriage on goods sold Rs.700
April 20 bought goods worth Rs.2100 from Mr.Ramesh and supplied them to
Mr. Suresh at Rs.3000
April 21Mr.Suresh returns goods worth Rs.100, which in turn were sent to
Mr.Ramesh
April 24.Paid salary Rs.1500 to staff
April 25.Purchased one laptop for Rs.50000 from ‘E-Zone‘ on credit.
April 26 Bought 100 shares of ABC &Co.Ltd at Rs.35 per share, brokerage paid
Rs.20.