Higher National Diploma in Accountancy HNDA 2 nd Year, Second Semester Examination Computer Applications for Accounting.
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1 [All Rights Reserved] SLIATE SRI LANKA INSTITUTE OF ADVANCED TECHNOLOGICAL EDUCATION (Established in the Ministry of Higher Education, vide in Act No. 29 of 1995) Higher National Diploma in Accountancy HNDA 2 nd Year, Second Semester Examination Computer Applications for Accounting Instructions for Candidates: No. of questions : 05 Answer all Questions No. of pages : 07 Time : 03 hours Instruction to be followed, Paper 1 Given data for Question no. 1,2 & 4 (use data from given data file on the desktop) Application to be used-ms-excel & HTML. Do not create folder to save your files. Rename the data for paper 1 workbook as your Index No and compute your answers in the relevant worksheets. But don t create any additional worksheet into the workbook. Complete the details which are included in this page given bellow. Return the question paper to the examiner before leaving the examination hall. Don t fill the page 7 mark sheet that is for examiner use. Index No- Group No- Start Time- End Time- Cage-1 To be completed by Candidate Question Numbers Answered Cage-2 To be completed by Examiner Marks obtained Total
2 Q1. Following balances have been extracted from the books of Maya plc as at 31st March 2013 & Account Title Account ID Rs. '000 Rs. '000 31/03/ /03/2014 Sales , , Insurance Expenses , , Rent Expenses , , Salaries & Wages , , Administrative Expenses , , Selling & Distribution Expenses , , Financial Expenses , , Purchases , , Telephone Charges , , Advertising , , Bad debts , , Commission Received , , Opening Inventory , , Interest Expenses , , Land & Buildings (W.D.V) , , Office Equipment (W.D.V) , , Motor Vehicles (W.D.V) , , Depreciation - Office Equipment , , Depreciation - Motor Vehicle , , Goodwill , , Closing Inventory , , Prepaid Expenses , , Cash at Bank , , Stated Capital , , General Reserve , , Accounts Receivables , , Accounts Payables , , Debentures , , Investments , , Income Tax Expenses , , P a g e 2
3 You are required to create a suitable spreadsheet model for; i. The Statements of Financial Performance for the period ended 31 st March, 2013 and ii. Statement of Financial Position as at 31st March 2013 and (You are supposed to use maximum number of formulas and proper financial statement structures) [Total 25 marks] Q2. The comparative statement of financial position of Lanka PLC are as follows, Lanka PLC - Statement of Financial Position Assets Non-Current Assets Property plant & equipment 1,753, ,839, ,357, ,101, Capital Work -in progress 27, , , ,489, Intangible Assets 145, , , , Current Assets 1,925, ,169, ,874, ,636, Inventory 2,101, ,479, ,131, ,340, Trade and other Receivables 641, , , ,147, Amount due from related parties 186, , , , Cash & Cash Equivalent 228, , , , ,158, ,238, ,673, ,290, Total Assets 5,084, ,407, ,548, ,926, Equity Stated Capital 537, , , , Revenue Reserves 1,221, ,243, ,016, ,795, Non-Current Liabilities 1,758, ,780, ,553, ,333, Employee Benefits 202, , , , Differed Tax Liability 168, , , , Current Liabilities 371, , , , Trade &Other payables 1,633, ,889, ,961, ,121, Amount due to related parties 624, , , , Income Tax Payables 627, , , , Dividends Payables 38, , , , Bank Overdraft 30, , , , ,954, ,195, ,477, ,002, Total Equity & Liabilities 5,084, ,407, ,548, ,926, P a g e 3
4 You are required to prepare, i. Vertical analysis report for the statement of financial position from 2011 to ii. Horizontal analysis report for the statement of financial position from 2011 to 2014 iii. Q3. (Base year is 2011). Calculate the following ratios for above four years, (a) Current Ratio (b) Quick Ratio (c) Debt to Equity [Total 20 marks] A. Prepare a loan amortization table for 5 years mortgage loan of Rs.725,000 obtained at an annual interest rate of 7 %, assuming that the loan is repaid in equal installment at the beginning of each month. (Amortization table should clearly indicate, beginning loan balance, monthly installment. monthly interest payment, monthly capital deduction and the ending loan balance for each month till the end of the mortgage period.) [10 marks] B. PQR Company provides you the following information related its Non-Current Asset. Cost of the Asset Rs. 625,000 Estimated salvage value Rs. 25, 000 Estimated useful life in years 5 You are required to develop a model to calculate the annual depreciation, accumulated depreciation and net value during the useful life of the above asset in following methods separately. Straight Line Method, Declining Balance Method Double Declining Balance Method Sum of Years Digit Method C. Prepare a line chart to show the depreciation (based on part B) expenses for the useful life time of the asset using Declining Balance Method [10 marks] [Total 20 marks] P a g e 4
5 Q. 4 Following Trial Balance was extracted from the books of Araliya Ltd at 31st March Particulars Dr. Cr. Advertising 44,000 Bank Loan 400,000 Sales 1,900,000 Salaries 192,000 Telephone 72,000 Electricity 36,000 Bad Debt 20,000 Stock as at ,000 Rent & Rates 96,000 Land & Buildings 800,000 Office Equipment (at cost) 200,000 Motor Vehicle (at cost) 500,000 Debtors 100,000 Cash at Bank 50,000 Creditors 50,000 Drawings 30,000 Capital 666,000 Purchases 800,000 3,016,000 3,016,000 Adjustments, i. Closing stock was valued at Rs. 100,000 on 31 st March ii. Rent & Rates payable at 31 st March 2014 was Rs. 4,000. iii. Rs. 6,000 was paid in advance for electricity bill on 31 st march iv. Provision for depreciation on Non-current Assets as follows; Office Equipment at 10% at cost. Motor Vehicle at 15% at cost You are required to prepare a Twelve Column Worksheet which should include Trading, Profit & Loss Account and the Balance Sheet of the company after the adjustments. [Total 20 marks] P a g e 5
6 Q5. Create the web page shown below using html. Background Color Font Color - Yellow - Red &Blue for topics - Black for application topics - Use suitable font size for the web page Insert text box, radio button, list box and check box for create the e-students registration form. If you are not clear the web page in your exam paper, you can see it in your exam folder as webpage word document. [Total 15 marks] P a g e 6
7 Mark Sheet Marks allocation Allocated Received Income Statement Q.1 1 Function 6 Operation 3 Gross profit 3 Net profit 2 Balance Sheet Function 6 Operation 3 Net profit Link 2 25 Q.2 A Vertical Functions 4 Horizontal Functions 4 Advancrd Ratios 7 15 Q.3 A B Rental 3 Interest 3 Capital 2 Ending Balance 2 10 Depreciation 4 Functions 3 Pie chart 3 10 Q.4 Q.5 Adjustment 8 Function 10 Operation 2 20 Title 2 BG color 2 font color 3 Bold/Italic 2 Text Box & Password 2 List 2 Rich look 2 15 Total Marks out of 100 P a g e 7
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[All Rights Reserved] SLIATE SRI LANKA INSTITUTE OF ADVANCED TECHNOLOGICAL EDUCATION (Established in the Ministry of Higher Education, vide in Act No. 29 of 1995) Higher National Diploma in Business Finance
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