58-bcom3

7/29/2019 58-BCOM3

1/45

(DBC 31)

B.Com. DEGREE EXAMINATION, DECEMBER 2010.

(Examination at the end of Final Year)

Part II Commerce

Paper III BUSINESS LAWS

Time : Three hours Maximum : 100 marks

SECTION A (4 5 = 20 marks)

Answer any FOUR questions.

1. Acceptance.

$.

2. Illegal agreements.

^rt$$ V> $.

3. Rights of Bailee.

$$ $$MP M$P$.

4. Minor.

$O .

7/29/2019 58-BCOM3

2/45

(DBC 31)2

5. Duties of seller.

A$M#$ $$.

6. District forum.

h $.

7. Statutory companies.

>M M$.

8. Special agent.

{M Hgr$.

SECTION B (2 10 = 20 marks)

Answer any TWO questions.

9. What is an offer? State the rules of a valid offer.

{ AV> $? ^ ( $O ) {M$ V

$*$ $y.

10. What are the various ways in which a contract

may be discharged?

M>{sMt A$$M$ V *>Y$ H?

7/29/2019 58-BCOM3

3/45

(DBC 31)3

11. Distinguish between a sale and a hire-purchase

agreement.

A$M>$ $$$ AM$V$ A{W$sM$ V y$

$y.

12. Explain Doctrine of Indoor Management.

"AY ' ^y.

SECTION C (3 20 = 60 marks)

Answer any THREE questions.

13. What is the object and nature of the law of

contract? Describe the essentials of valid contract.

M>{sM$t ^rt $$MP E>$ $$$ H$?^ ($O ) M>{sM$tM$ V BM>$ ^y.

14. Under what circumstances is the object or

consideration of a contract deemed unlawful?

Illustrate with examples.

H >Z M>{sM$ $$MP E$$ {

$$$O M>V> y$$?

E ^y.

7/29/2019 58-BCOM3

4/45

(DBC 31)4

15. What remedies are available to an aggrieved party

on the breach of a contract?

M>{sM$t E$Z MM ^$ >$ H?

16. What is a contract of agency? Explain about

various kinds of agents.

Hf M>{sM$t AV> $? M> Hfr V*a

^y.

17. Discuss the rights and duties of the seller under

the sale of Goods Act.

$# A$M> ^rt {M> A$M$ $$

$$$ M$P$ ^a^y.

18. What are the provisions of law relating to

meetings of the Board of directors of a company?

M $$MP yOM $z *>M$ _

M ^rt $$M $ H?

7/29/2019 58-BCOM3

5/45

(DBC32)



Part II Commerce

Paper III INCOME TAX AND PRACTICAL AUDITING


PART A (50 marks)

(Income tax)


Answer any TWO of the following questions.

1. Person.

M .

2. Agricultural income.

$ B$$$.

3. Total income.

$$ B$$$.

4. Assessment year.

$ > $$.



5. The salary particulars of Mr. Prabhakar are given below. Compute his net salary for the

assessment year 2008-09.

} {M $$MP i# >$ {M $ $y$O . 2008&09 $ > $$M$ A $$MP Mi$$$ M$V$$$.

(a) Salary Rs. 9,000 p.m.

i$$ *. 9,000 M$.

(b) Dearness allowance Rs. 3,000 p.m.

M$# $$ *. 3,000 M$.

(c) Commission Rs. 7,000.

M$> *. 7,000.

7/29/2019 58-BCOM3

6/45

(DBC32)2

(d) Travelling allowance Rs. 9,000.

{*# A$ *. 9,000.

(e) Free telephone facility Rs. 4,000.

E_ s $$ *. 4,000.

(f) His club bills paid by employer Rs. 14,000.

$f* _ A M$ $$ *. 14,000.

(g) Project allowance Rs. 500 p.m

{fM$t A$ *. 500 M$.

(h) House rent allowance Rs. 1,000 p.m. (actual rent paid by him Rs. 1,500 p.m.)

Cs A A$ *. 1,000 M$ (Ay$ M$$V> _ A *. 1,500 M$)

6. Mrs. Swarnalatha is owning two hours which are used for let out. The particulars are asunder :

House I House II

Rs. Rs.

Date of construction 31.3.1992 31.3.2003

Municipal value 40,000 25,000

Actual rent 45,000 30,000

Fair rental value 30,000 38,000

Standards rent 56,000 20,000Expenses paid :

Annual charge 1,000 800

Interest on loan for construction 5,000 3,000

Repairs 9,000 7,000

Amount borrowed for house construction 3,00,000 2,00,000

Compute income from house property for the assessment year 2008-09.

}$ ~ y$ V$f*. s AM$ E*W $. >$ {M V> E$$.

V I V II

*. *.

> 31.3.1992 31.3.2003

$$ $ 40,000 25,000

M A 45,000 30,000

$$M$O A $ 30,000 38,000

{*M A 56,000 20,000

7/29/2019 58-BCOM3

7/45

(DBC32)3

V I V II

*. *.

_ Q$a$ :

M bj 1,000 800V > $$O yz 5,000 3,000

$>$$ 9,000 7,000

V >M $$$$ 3,00,000 2,00,000

2008&09 $ > $$M$ V $y B$$$$ MP#$$.

7. From the following particulars Mr. Ramesh, compute the total income for the assessment

year 2008-09.Rs.

(a) Income from salary 1,50,000

(b) Income from house property 70,000

(c) Long term capital gain on sale of house 25,000

(d) Short term capital loss 17,000

(e) Profit from cloth business 1,20,000

(f) Profit from agency business 80,000

(g) Interest on debentures of a company (gross) 12,000

(h) Rent from sub letting of house 20,000

(i) Loss from Gold speculation business 60,000

(j) Rent from vacant land 17,000

2008----------&2009 $ > $$M$ }$ $$MP $$$$ B$$$$ {M >$ $y MP#$$.

Rs.

(a) i $y B$ 1,50,000

(b) V $y B$ 70,000

(c) C$ A$V> _a M>M $* 25,000(d) M>M $* t 17,000

(e) rt $$ 1,20,000

(f) Hf $y 80,000

(g) M y $> yz (*) 12,000

(h) W AM$ C_a Cs $y A 20,000

(i) V> M$ $y t 60,000

(j) R $y A 17,000

7/29/2019 58-BCOM3

8/45

(DBC32)4

8. The following are the particulars of income of Mr. Pavan for the previous year 2007-08.

Compute his Takable income if he is

2007&2008 V >M _ } $$MP B$ $$$ {M $ $y$O . Ay$

$$MP $ W B* A$

(a) Resident.

ys.

(b) Not ordinarily resident and

s Bz ys $$$

(c) Non resident.

ys A$$^ MP y.

(i) Dividends paid by Indian company but received in Japan Rs. 13,000

$ M $ yyy$, fZ M $ *. 13,000.

(ii) Pensions paid by previous employer in India but received in France Rs. 24,000.

Z N# $f* _ {$Z M $ *. 24,000.

(iii) Profits received from business in Itally the business is controlled from India

Rs. 40,000 (half of the amount received in India)

$y ${ y$$ CrZ $y _a $ *. 40,000 (A$Z

V Z M $)

(iv) Income earned from house property Pakisthan Rs. 15,000

M Z V $y B$$$ Bj_ *. 15,000.

(v) Agricultural income earned in Bangladesh Rs. 20,000.

V>Z Bj_ $ B$ *. 20,000.

(vi) Profit from business earned in India Rs. 90,000.

Z Bj_ B$ *. 90,000.

9. Kavitha Trades provides you the following information from which you are required to

compute the proprietor's income from business for the relevant assessment year.

Profit and loss account

Rs. Rs.

To salaries 25,000 By Gross profit 88,000

To general expenses 5,000 By interest in bank deposits 3,000

To printing 500 By Dividends (gross) 6.000

To car expenses 12,000 By income from house property 5,000

To depreciation 14,000

To advertisements 2,000

7/29/2019 58-BCOM3

9/45

(DBC32)5

Rs. Rs.

To provision for taxes 4,000

To bad debts 2,000

Net profit 37,500

10,20,00 10,20,00

(a) Salary includes proprietors salary for the year Rs. 12,000.

(b) 50% of car expenses to be charged his personal.

(c) He gave Rs. 10,000 donations to a university.

M {yy$ D V$ >$ A $$ $ $f* B* A$$O $ >

$$M$ M$V$$$.

t R*. *.

To i$ 25,000 By * 88,000To *$ 5,000 By M$ yhrO yz 3,000To $${ 500 By yyy$ (*) 6,000To M>$ $ 12,000 By V $y B$ 5,000To $V$ 14,000To {Mr$ 2,000

To $ MM$ H>r$ 4,000To > M$ 2,000To M 37,500

10,20,000 10,20,000

A# >$

(a) iZ $f* $$M$ i$$ {M $M$ $$$$ *. 12,000 $ M E.

(b) M>$ $$$Z 50% $f* yM>$V> ^

(c) Ay$ JM $$$M$ *. 10,000 M$ >$$V> C a$.

10. Mr. Bharath is a medical practitioner. He keeps his books on cash basis and his summarized

cash account for the year ended on 31.3.2008 is an under :

Rs. Rs.

Balanced b/d 1,22,000 Cost of medicines 10,000

Loan from bank fro private purposes 3,000 Surgical equipments 8,000

Sale of medicines 25,250 Motor car 1,20,000

Consultation fees 55,000 Car expenses 6,000

Visiting fees 24,000 Salaries 4,600

7/29/2019 58-BCOM3

10/45

(DBC32)6

Rs. Rs.

Interest on Govt. Securities 4,500 Rent of dispensary 1,600

Rent from property 3,600 General expenses 300

Personal expenses 11,800

Life insurance premium 3,000

Interest on load from bank 500

Deposit in Tatkal Telephone

Deposit scheme 30,000

Balance c/d 41,550

2,37,350 2,37,350

Compute his income from profession taking into account the following further information.

(a) One third of motor expenses are in respect of his personal use.

(b) Depreciations allowable on car is 20% and surgical equipments is 25%.

} *$ $M O W $ y$. Ay$ V$ B V> #M> $^y$. *a 31, 2008 M

A$V$ {M >M _ {V V$ AMr$ {M y.

*. *.b/d 1,22,000 $$ $ 10,000 $M$ M$ $y A 3,000 jM M>$ 8,000

$$ A$M$$$ 25,250 *s$ M>$ 1,20,000{ $ k 55,000 M>$ Q$a$ 6,000

$ k 24,000 i$ 4,600{$ M*s Oyz 4,500 y A 1,600V $y A 3,600 Q$a$ 300

Q$a$ 11,800i * {$$ 3,000

M$ A O yz 500P s yhsM {M yhs 30,000c/d 41,550

2,37,350 2,37,350

A $y B$$$$ V $$$. $W $$$ {M y :

(a) *s$ M>$ Q$aZ $*y$ E*V MM$

(b) M>$ $> $V$ 20%, jM M> $> 25%.

7/29/2019 58-BCOM3

11/45

(DBC32)7

PART B (50 marks)

(Practical auditing)



11. Objectives of audit.

Bys >$.

12. Verifications of assets.

B$$ * $r.

13. Internal check.

AY T.

14. Duties of auditors.

Byr$ $$MP $$.



15. Explain the merits and demerits of vouching.

K_V $$MP V$ $ $$$.

16. State the preliminaries required for the commencement of audit.

Bys { $rM$ M> BM>$ $#$$.

17. Discuss the appointment and removal of company auditor.

M Byr *$M$$, W#$ a $$$.

18. Auditor is a watch dog but not blood-hound; Comment.

"Byr M> M$MPM>, rM$MP M>$' & R $$$.

7/29/2019 58-BCOM3

12/45

(DBC 33)



Part II Commerce

Paper III COST AND MANAGEMENT ACCOUNTING



Answer any FOUR of the following questions.

1. Limitations of financial statements.

st $$MP $$$.

2. Nature of cost accounting.

$ AMsV $$MP $$.

3. Limitations of ratio analysis.

$$MP $$$.

4. Job costing.

g M>tV.

5. Merits of LIFO method.

LIFO $$MP $V$$.

6. Classification of overheads.

Ky YM.

7. Direct and Indirect material cost.

{ $$$ $s$$ $.

8. Profitability ratios.

$M $$.

7/29/2019 58-BCOM3

13/45

(DBC 33)2



9. Prepare a statement of cost from the following data to show material consumed, prime cost,

factory cost, cost of goods sold and profit.

1.1.2008 31.12.2008

Rs. Rs.Raw material 60,000 50,000

Work in progress 24,000 30,000

Finished goods 1,20,000 1,10,000

Purchases 9,00,000

Wages 5,00,000

Factory overheads 2,00,000

Administration overheads 50,000

Selling and distribution overheads 30,000

Sales 20,00,000

D {M *^ *W_ $s$$, { $$$$, Mt $$$$, A$ $M$ $$$$

$$$ $$$ $^$$ $ M$ *$ ^$y.

1.1.2008 31.12.2008

*. *.$$y$M$ 60,000 50,000

MV$$ 24,000 30,000

NV>*O $M$ 1,20,000 1,10,000

M$V$ 9,00,000$ 5,00,000

Mt Ky 2,00,000

K y 50,000

A$M# $$$ K y 30,000

A$M>$ 2,00,000

10. The following are receipts and issue of material during March 2007.

March 1 Purchased 250 units @ Rs. 10 each

3 Purchased 400 units @ Rs. 12 each

10 Issued 200 units


21 Issued 300 units


27 Issued 220 units

From the above information prepare stores ledger account by using FIFO method.

2007 *a Z _a $$$ g ^$y $s$ >$ {M $g$y$$.

*a 1 250 $*r$ JMPMPs *. 10 ^ M$

3 400 $*r$ JMPMPs *. 12 ^ M$

7/29/2019 58-BCOM3

14/45

(DBC 33)3

10 200 $*r$ g $y$$

16 150 $*r$ JMPMPs *. 9 ^ M$

21 300 $*r$ g $y$$

24 100 $*r$ JMPMPs *. 13 ^27 200 $*r$ g $y$$

O >Z FIFO E*W_ t$ B>j R$ *$ ^$y.

11. From the following data prepare common size balance sheet.

Mohan & Co. Balance Sheets as on 31st March.

Liabilities 2006 2007 Assets 2006 2007

Rs. Rs. Rs. Rs.

Share capital 50,000 90,000 Fixed assets 1,00,000 1,20,000

Reserve 1,20,000 70,000 Stock 80,000 60,000

Debentures 30,000 40,000 Debtors 40,000 30,000

Current Liabilities 40,000 20,000 Cash 20,000 10,000

2,40,000 2,20,000 2,40,000 2,20,000

D {M > $* B A st *$ ^$y :

31 *a s * Ay M B A st

A$ 2006 2007 B$$ 2006 2007*. *. *. *.

s$* 50,000 90,000 >$$ 1,00,000 1,20,000f$ 1,20,000 70,000 $M $ 80,000 60,000y^$ 30,000 40,000 $${V $$ 40,000 30,000{$ A$ 40,000 20,000 V$ 20,000 10,000 2,40,000 2,20,000 2,40,000 2,20,000

12. The following are summarized Trading and Profit and Loss Account for the year ended

31.12.2008. You are required to calculate :

(a) Gross Profit Ratio.

(b) Net Profit Ratio.

(c) Operating Ratio.

Trading and Profit and Loss Account

Rs. Rs.

To Opening stock 10,000 By Sales 1,00,000

To Purchases 55,000 By Closing stock 15,000

To Gross profit 50,000

1,15,000 1,15,000

7/29/2019 58-BCOM3

15/45

(DBC 33)4

Rs. Rs.

To Administrative expenses 15,000 By Gross profit 50,000

To Interest 3,000

To Selling expenses 12,000

To Net profit 20,000

50,000 50,000

31.12.2008 A$V$ >M _ M# t R$ {M $^$y$O .

(a) * .

(b) M .

(c) BsV $>$ V ^$y.

M#, t R

*. *.To {# $M$ 10,000 By A$M>$ 1,00,000To M$V$ 55,000 By $$W# $M$ 15,000

To * 50,000

1,15,000 1,15,000

To Q$a$ 15,000 By * 50,000

To yz 3,000

To A$M# Q$a$ 12,000To M 20,000

50,000 50,000


Answer any THREE of the following questions.

13. In a factory there are two service departments 1S and 2S and three production departments

21 , PP and 3P . In 2008 departmental expenses were :

Departments1P 2P 3P 1S 2S

Rs. 6,50,000 6,00,000 5,00,000 1,20,000 1,00,000

The service departments expenses are allocated on a percentage basis as follows :

Service Departments Production Departments. Service Departments

1P 2P 3P 1S 2S

1S 30% 40% 15% 15%

2S 40% 30% 25% 5%

Prepare a statement showing the distribution of two services departments expenses to thethree departments by repeated distribution method.

7/29/2019 58-BCOM3

16/45

(DBC 33)5

JM MZ 1S $$$ 2S A$ y$ V>$ 21 , PP $$$ 3P A$ $*y$ E V>$ E$$.

2008 Z A$$ V>$ Q$a$.

V>$ : 1P 2P 3P 1S 2S

*. 6,50,000 6,00,000 5,00,000 1,20,000 1,00,000

V> Q$a$ V$ C_a > {M> Ms$$^ $.

V$$$ E V$$ V$$

1P 2P 3P 1S 2S

1S 30% 40% 15% 15%

2S 40% 30% 25% 5%

y$ V> Q$a$ $*y$ EV>M$ #> {M> ^*# M $ *$

^$y.

14. Calculate the amount of wages and bonus earned by the worker.

Name N. Krishna Rao

Commenced job : Saturday 23nd June 8 A.M.

Finished job Wednesday 4th July 5 P.M.

Number of pieces of work given out 808

Number of pieces of work passed 718

Workers rate Rs. 2 per hour

Time allowed 10 per hour

Bonus 50% of time saved

JM y$ _ $$ $$$ Z$$ MP^y.

$ N. {M~>#g { : 23 l E$ 8 V.$g N$$ $ 4 lO ${ 5 V.$C_a $# Q 808E^ $# Q 718 r$ VrM$ *. 2

A$$_ M> VrM$ 10Z$ B ^ M>Z 50%

15. The following balances were extracted from the books of Naresh Constructions Private

Limited on 31.3.2007.

Rs.

Materials issued to site 65,700

Materials purchased directly 3,000

Wages paid 72,500

Wages outstanding on 31.3.2006 2,000

Wages outstanding on 31.3.2007 1,000

7/29/2019 58-BCOM3

17/45

(DBC 33)6

Rs.

Plant on 31.3.2006 16,000

Plant on 31.3.2007 12,800

Direct charges paid 2,750

Establishment charges 6,400

Stock of materials at site on 31.3.2007 7,200

Value of work certified on 28.2.2007 1,60,000

Work done between 1.3.2007 to 31.3.2007 8,000

Cash yet to be received 16,000

The contract price was Rs. 2,00,000. Prepare contract account.

31.3.2007 s M[t {$$r$ $yy #M> $y {M $ {V^$.

*.

$$M$ g $y $s$ 65,700

{$$V> M$V$ $s$ 3,000

_ $ 72,500

31.3.2006 sM $ 2,000

31.3.2007 sM $ 1,000

31.3.2006 s r$ 16,000

31.3.2007 s r$ 12,800

_ { Q$a$ 2,750 Q$a$ 6,400

31.3.2007 $$Z $s$ 7,200

28.2.2007 t $ 1,60,000

1.3.2007 $y 31.3.2007 $M>$$ N 8,000

# $aM V$ 16,000

M>{sM$t *. 2,00,000. M>{sM$t R$ *$ ^$$$$.

16. From the following particulars, prepare the balance sheet of XYZ Ltd. for the year ended31.3.2007.

Fixed assets to net worth 5 : 8

Current ratio 2 : 1

Acid test ratio 1 : 1

Reserves to proprietors fund 1 : 5

Current liabilities Rs. 3,60,000

Cash in hand Rs. 15,000

Fixed assets Rs. 6,00,000

D {M $$ 31.3.2007 A$V$ $$M$ XYZ $sy B A st *$ ^$$$$ :

>$M$ M $ 5 : 8

7/29/2019 58-BCOM3

18/45

(DBC 33)7

{$ 2 : 1Hy st 1 : 1$M$ $f* 1 : 5{$ A$ *. 3,60,000

^Z V$ *. 15,000>$$ *. 6,00,000

17. Prepare the Comparative Income Statement from the following information :

2006 2007Particulars

Rs. Rs.

Net sales 8,00,000 12,00,000

Less : Cost of goods sold 6,00,000 9,00,000

Gross profit 2,00,000 3,00,000

Less : Operating expenses 60,000 80,000

1,40,000 2,20,000Less : Other expenses 40,000 20,000

Net profit before tax 1,00,000 2,00,000

Less : Income tax @ 50% 50,000 1,00,000

Net profit after tax 50,000 1,00,000

D V$ > $M B$ M$ *$ ^$$$$.

2006 2007$$$

*. *.M A$M>$ 8,00,000 12,00,000Less : A$M $M$ $ 6,00,000 9,00,000

* $$ (M>M) 2,00,000 3,00,000Less : BsV Q$a$ 60,000 80,000 1,40,000 2,20,000

Less : C Q$a$ 40,000 20,000

$ ^^M $$$ M 1,00,000 2,00,000Less : 50% r$ B$# $ 50,000 1,00,000

$ ^_ $ M 50,000 1,00,00018. From the following data prepare a cost and profit statement of Popular Stoves

Manufacturing Co. for the year 2007. The number stoves manufactured during the year was

4,000.

Rs.

Stock of materials on 1.1.2007 35,000

Stock of materials on 31.12.2007 4,900

Purchase of materials 52,500

Direct wages 95,000

Factory expenses 17,500

Establishment expenses 10,000Completed stock in hand on 1.1.2007 Nil

7/29/2019 58-BCOM3

19/45

(DBC 33)8

Rs.

Completed stock in hand on 31.12.2007 35,000

Sales 1,89,000

The company wants to quote for a contract for the supply of 1000 stoves during the year

2008. The stoves to be quoted are of uniform quality and make similar to those manufactured

in the previous year, but cost of materials has increased by 15% and cost of factory labourby 10%.

Prepare a statement showing the price to be quoted to give the same percentage of net profit

on turnover as was realized during the year 2007, assuming that the cost per unit of

overheads will be the same as in the previous year.

D {M >Z 2007 $$M$ # t E M $$MP $ $$$ M$ *$

^$$$$. B $$Z E ^ t 4,000.

*.

1.1.2007 s $s$ 35,00031.12.2007 s $s$ 4,900

$s$ M$V$ 52,500

{ $ 95,000

Mt Q$a$ 17,500

Q$a$ 10,000

1.1.2007 ^Z E N$$ $M$ Nil

31.12.2007 ^Z E N$$ $$ 35,000

A$M>$ 1,89,000

2008 $$Z 1,000 t$ M>{sM$tO > ^$$rM$ Ms C M M$M$r$. Ms

C^$ M$ t$, V Z E ^ t$ JM $$$ MW Es$$. M> $s$

$ 15% $$$ Mt {$ 10% W$$.

JM $*s $$MP Ky $ V Z JM V> Eyrr$ _, 2007 Z rO

_, A M > ^arr$ Ms $ $# M$ *$ ^$$$$.

7/29/2019 58-BCOM3

20/45

(DBC 34)



Part II Commerce

Paper III BUSINESS CORRESPONDENCE AND

REPORT WRITING




1. Oral communication.

SM *^.

2. Print media.

{^$ $>y*.

3. Downward communication.

V$$$Q M$*M.

4. Grapevine.

{VO .

7/29/2019 58-BCOM3

21/45

(DBC 34)2

5. Negotiation.

$$#.

6. Public speech.

V {V.7. Enquiries.

^$.

8. Gestures.

F$.



9. Explain briefly about the significance of business

communication.

*^ $$MP {$$Q$ M$V>

^y.

10. Discuss the advantages and disadvantages of

formal communication.

^ {$$O *^ $$MP { *f$

$$$ A{*f$ ^a^y.

7/29/2019 58-BCOM3

22/45

(DBC 34)3

11. How can we make effective use of body language?

E*W$ $ H V> {V>

*$ ^$V$?

12. What is a business report? Discuss its varioustypes.

M AV> $? $$MP *$

^a^y.



13. Why is communication so important in business

organisation?

Z *^$$ G$M$ $$Q*

$#$$?

14. Discuss some of the problems caused by strictly

adhering to the practice of downward

communication.

V$$$Q *^$$ Q_aV> A$^y

M$V$ C$$ ^a^y.

7/29/2019 58-BCOM3

23/45

(DBC 34)4

15. Discuss the merits and demerits of centralised and

decentralised communication patterns. Give

examples.

M{$ $$$ M{$ *^ M> $

$$$ t$ ^a^y. Ey.

16. Describe the factors responsible for

miscommunication in business organisation.

Z y$ *^ M$ $O

M>M>$ ^y.

17. How does the seating arrangement in an office

influence communication?

M>>*Z H>r$ HV> *^${ ^$$?

18. What is director report? Give specimen of director

report.

yOM$t$ M AV> $? yOM$t$ M $*$

Cy.

7/29/2019 58-BCOM3

24/45

(DBC 35)



Part II Commerce

Paper III BUSINESS DATA PROCESSING

SYSTEMS




1. Explain direct and sequential access storage

devices.

yOMt $$$ M$ *M tg M$$$

^$$$.

2. How are files generated? Explain file maintenance

methods.

O$ G M$Vg$$$$? O$ ^$ H

$$ ^$$$.

3. Explain how do you create a data base file.

JM ys $ O$ G ^$$ ^$$$.

7/29/2019 58-BCOM3

25/45

(DBC 35)2

4. Distinguish between INDEX and SORT

commands.

INDEX $$$ SORT M*y$$ ^$$$.

5. How do you select a range of cells, rows and

columns?

M$$, M>$ $$$ $$MP JM h G

G^$Ms#?

6. Explain Data/Time properties dialog box.

ys/sO$ {t yOV M$ ^$$$.

7. What is a clipboard? Explain drag and drop

editing?

"MZ$z' H$s? "{yV $$$ {y' GysV^$$$.

8. Explain Print Dialog Box.

{r$ yOV$ M$ ^$$$.



9. Explain the organisation of a direct file. How do

you create a direct file?

yOMt O >$$$ #$$. yOMt O G^$$#?

7/29/2019 58-BCOM3

26/45

(DBC 35)3

10. Explain how do you change the file structure.

O > G *$a$ #$$.

11. What are the components of a Chart? How do you

create a chart?

r$$ $$MP A>$ H? JM r$$$ G

^$$#?

12. Describe the computer's filing system. Explain file

management in windows explorer.

MNr$ $$MP "O t$'$ ^$$$. y

GMZ O >M$$$ ^$$$.



13. Explain the four possible commands for retraining

data with suitable examples.

$$ {s MM$ M*y$ $V*

$$V> ^$$$.

14. Explain how to create label forms and print them.

Explain formatted commands.

$ G ^ $$$ { r$ ^$$ #$$. "sy M*y$' #$$.

7/29/2019 58-BCOM3

27/45

(DBC 35)4

15. Explain a procedure to copy a formula. Explain

different ways formatting cells.

JM $Z$ M> ^ ^$$$. $ s

^ $$ ^$$$.

16. Explain the referencing techniques. How do you

modify charts?

V $$ ^$$$. r$$$ G

*$ ^$$$#?

17. Discuss the formatting options that apply to

characters.

M>Mt$M$ E*W^$ "sV B' ^a^$$$.

18. Explain letter wizard. Describe the views icons.

Explain drag and drop editing.

"r gz' ^$$$. "N A$$M>' ^$$$.

"{yV $$$ {y' GysV ^$$$.

7/29/2019 58-BCOM3

28/45

(DBC 36)



Part II Commerce

Paper III CORPORATE ACCOUNTING



Answer any FOUR of the following questions.

1. Purchase consideration.

M$V$ {$$.

2. Bonus shares.

Z$ s$.

3. Indian accounting standards.

$ AMsV {*$.

4. Non banking assets.

MV B$$.

5. Holding company.

ZzV M.

6. Insurance claims.

* M$$$$.

7. Liquidation.

*.

8. Valuation of shares.

s $*M.

7/29/2019 58-BCOM3

29/45

(DBC 36)2



9. Following are the particulars of XYZ Ltd.,

Rs.

Equity shares of Rs. 10 each 4,00,000

5% debentures 1,00,000

Current liabilities 1,30,000

Current assets 2,00,000

Fixed assets 5,50,000

Goodwill 50,000

Compute the value of shares by net assets method.

XYZ $sy >$ {M $y$$.

Rs.

DMs s$ JMPMPs *. 10 ^ 4,00,000

5% y $ 1,00,000

{$ A$ 1,30,000

{$ B$$ 2,00,000

>$$ 5,50,000

V$y 50,000

M B$ Z s $$ MP#$$.

10. The following items appear in the balance sheet of a limited company.

Share capital

Authorised : 20000 equity shares of Rs. 10 each Rs. 2,00,000

Issued and paid up 10000 equity shares of Rs. 10; each Rs. 8 per share paid up Rs. 80,000

Reserves and surplus :

Rs. Rs.

Security premium 2,000

Capital redumption reserve account 4,000

General reserve 40,000 46,000

7/29/2019 58-BCOM3

30/45

(DBC 36)3

The company passed the following resolutions :

(a) That the general reserve be utilised in marketing the partly paid shares as fully paid

shares.

(b) Further 1000 fully paid equity bonus shares of Rs. 10 each be issued to the existing

share holders. For this purpose general reserve should be utilised to the minimumextent.

Write the journal entries to the above transactions in the books of company.

JM $sy M BA stZ {M A>$ E$$.

s $*

AM : 2000 DMs s$ JMPMPs *. 10 ^ *. 2,00,000

g $y $$$ # A$$ 10,000 DMs s$ JMPMPs *. 10 ^; JM s JMPsM*. 8 # fW *. 80,000.

f$$ $$$ $V$$ :

*. *.

M*s {$$ 2,000

$* * f$ R 4,000

f$ 40,000 46,000

M {M >$$$ $ :

(a) f$$ *PsVZ MV> _ s$ NV> _ s$V> E*W $.

(b) A$$Z E () s$M$ 1000 NV> # fW DMs Z$ s$ JMPMPs *. 10 ^

g $$. C$ $ f$$ Mt$$V> E*W $.

O >M$ M #M>Z _st$$ {$y.

11. A company wishes to redeem its preference shares amounting to Rs. 1,00,000 at a premiumof 5% and for this purpose issues 5000 equity shares of Rs. 10 each at a premium of 5%. The

company has also a balance of Rs. 1,00,000 in general reserve and Rs. 50,000 in profit and

loss account. Give the journal entries to record the above transactions.

JM M $$MP *. 1,00,000 A M# s$ 5% GM$P $M$ * $ M$Mr$. A$

$$$ 5000 DMs s$ JMPMPs *. 10 ^ 5% A M $M$ g $, M f$

*. 1,00,000 $$$ *. 50,000 $ t RZ M*y MW$$.

O $ $$$ *$ $$rM$ _st$$ $ $y.

7/29/2019 58-BCOM3

31/45

(DBC 36)4

12. X Limited was incorporated on 1.5.2007. It acquired a running business from 1.1.2007. The

profit and loss account for 2007 December 31 was as under.

Rs. Rs.

To Salaries 3,60,000 By Gross profit 8,00,000

To General expenses 40,000

To Carriage on sales 60,000

To Advertisement 80,000

To Interest on debentures 24,000

To Directors fees 16,000

To Audit feeds 20,000

To Interest to vendor

(upto 30th June) 40,000

To Depreciation 80,000

To Net profit 80,000

8,00,000 8,00,000

Sales upto 1st May were Rs. 8,00,000 and after 1st May 2007 were Rs. 32,00,000. Prepare a

statement showing the profit prior to and after incorporation.

X $sy 1.5.2007 *$ $y. C JM $ 1.1.2007 $y $M$.

31 y$ 2007 s t R V$$y.

*. *.

To i$ 3,60,000 By * 8,00,000

To Q$a$ 40,000

To A$M> 60,000

To {Mr$ 80,000

To y O yz 24,000

To yOMt k 16,000

To Bys k 20,000To A$M$M yz

(l 30 M$) 40,000

To $V$ 80,000

To M 80,000

8,00,000 8,00,000

$ 1 M$ A$M>$ *. 8,00,000 $$$ 2007 $ 1 $ A$M>$ *. 32,00,000. *$M$$$$, $$ $$$ *# M$ *$ $$$$.

7/29/2019 58-BCOM3

32/45

(DBC 36)5



13. X Ltd., and Y Ltd., decided to amalgamate and new company XY Ltd., is formed to take over

both the companies as on 31.3.2005. The following are the balance sheets of the companies as

on that date.Liabilities X Ltd. Y Ltd. Assets X Ltd. Y Ltd.

Rs. Rs. Rs. Rs.

Share capital of Rs. 10 each Goodwill 10,000 8,000

fully paid 50,000 30,000 Land and building 25,000 19,000

Reserve fund 20,000 15,000 Plant and machinery 20,000 25,500

Profit and loss account 3,000 5,000 Patents and trade mark 5,250

Dividend equalisation Stock 20,000 15,000

fund 10,000 Sundry debtors 10,000 5,000

Workmens compensation Bills receivable 2,000

fund 2,000 Cash at bank 5,000 250

Bank overdraft 5,000

Sundry creditors 10,000 12,000

Bills payable 5,000 3,000

90,000 80,000 90,000 80,000

Show how the amount payable to each company is arrived at and write journal entries and

prepare the amalgamated balance sheet of XY Ltd.

31.3.2005 X $sy $$$ Y$sy A$ y$ M$ $M XY$sy A$ {M $ *V

> H>r$ $$rM$ X $sy $$$ Y $sy ~$$ $. B s B M BA st$

{M$y.

A$ X Ltd. Y Ltd. B$$ X Ltd. Y Ltd.

*. *. *. *.

NV> _ s $* V$y 10,000 8,000

JMPMPs *. 10 ^ 50,000 30,000 *$, $ 25,000 19,000

f$ 20,000 15,000 r$, ${$ 20,000 25,500

t > 3,000 5,000 sr {sy *P 5,250

yyy DMsOg y 10,000 $M$ 20,000 15,000

t y 2,000

$${V$$ 10,000 5,000

7/29/2019 58-BCOM3

33/45

(DBC 36)6

A$ X Ltd. Y Ltd. B$$ X Ltd. Y Ltd.

*. *. *. *.

M$ K{yt 5,000 *$ $$ 2,000

$$$ 10,000 12,000 M$Z V$ 5,000 250

# $$ 5,000 3,000

90,000 80,000 90,000 80,000

JMPMP MM $$$ HV> $$ *#$$. _st$$ {, XY$sy *V BA

st *$ $$$$.

14. H Limited acquired all the shares of S Limited on 1st January 2005 and the balance sheetsof the two companies on 31st March 2005 were as follows.

Liabilities H Ltd., S Ltd., Assets H Ltd., S Ltd.,

Rs. Rs. Rs. Rs.

Share capital 50,000 30,000 Sundry assets 65,000 70,000

Reserve on 1.4.2004 20,000 15,000 Shares in S Ltd.,

Profit and loss account 25,000 10,000 at cost 50,000

Sundry creditors 20,000 15,000

1,15,000 70,000 1,15,000 70,000

The profit and loss account of S Ltd., had a credit balance of Rs. 3,000 on 1st April 204.

Prepare a consolidated balance sheet as on 31st March 2005.

1 f, 2005 H $sy, S $sy $$MP A s$ $M$. 31 *a 2005 s y$ M

BA st$ {M$y$$.

A$ H Ltd., S Ltd., B$$ H Ltd., S Ltd.,

*. *. *. *.s $* 50,000 30,000 B$$ 65,000 70,0001.4.2004 s f$ 20,000 15,000 S $sy s$

t R 25,000 10,000 $ 50,000

$$$ 20,000 15,000

1,15,000 70,000 1,15,000 70,000

1 H{ 2004 S $sy t R *. 3,000 {Mys $ MWE. 31 *a 2005 s HMM

B A st *$ $y.

7/29/2019 58-BCOM3

34/45

(DBC 36)7

15. On 1st February 2008 a fire occurred in the premises of a company. From the following

particulars ascertain the amount of claim to be lodged in case of loss of stock which was

insured.

Rs.

Stock on 1st January 2008 5,00,000

Purchases from 1st January 2008 to date of fire 7,50,000

Wages 2,50,000

Manufacturing wages 1,50,000

Sales from 1st January 2008 to date of fire 12,00,000

The gross profit ratio is 25%. The stock salvaged was valued at Rs. 49,500.

1 f 2008 M BZ AW {* fW. D {M > * $y $M$ tM$ M$$$

$ $$$ M$V$$$.

*.

1 f 2008 s $M$ 5,00,000

1 f 2008 $y AW {* Hy M$ M$V$ 7,50,000

$ 2,50,000

E $ 1,50,000

1 f 2008 $y AW {* fW M$ A$M>$ 12,00,000

* 25% y $M$$ *. 49,500 V> $ Mst $.

16. From the following particulars prepare profit and loss account of the Vasavi Bank for the

year ended 31st March 2005.

Rs. Rs.

Interest on deposits 3,20,000 Discount on bills discounted 1,49,000

Commission (Cr) 10,000 Interest on over drafts 1,60,000

Interest on loans 2,49,000 Interest on cash credit 2,32,000

Rent 30,000 Auditors fee 3,500

Payment to employees 50,000 Directors fee 1,600

Bad debts to be written off

amounted to 30,000

D {M > 31 *a 2005 A$V$ >M M$ t M>$ *$ $$$$.

*. *.

yhrO yz 3,20,000 $$ yPs $M$ yPr$ 1,49,000

M$ ({Mys) 10,000 K {ytO yz 1,60,000

7/29/2019 58-BCOM3

35/45

(DBC 36)8

*. *.

AO yz 2,49,000 V$ {MysO yz 2,32,000

A 30,000 Byr k 3,500

EV$M$ # 50,000 yOMt k 1,600

$ $y >M $$ 30,000

17. A limited company went into voluntary liquidation with the following liabilities.

Rs. Rs.

Trade creditors 12,000

Bank overdraft 20,000

Capital :

10000 preference shares of Rs. 10 each

Rs. 7 called up 70,000

10000 equity shares of Rs. 10 each

Rs. 9 called up 90,000

Less : calls in arrears 2,000 88,000

Cash received in call in advance

On preference shares 24,000

On equity shares 4,000 28,000

The assets realised Rs. 2,00,000; expenses of liquidation amounted to Rs. 2,000 and

liquidators remuneration Rs. 3,000. Prepare liquidators final account.

JM $sy M {M A ^e * $M.

*. *.

$$$ 12,000

M$ K{y#t 20,000$* :

10000 B M# s$ JMPMPs *. 10 ^

$# *. 7 70,000

10000 DMs s$ JMPMPs *. 10 ^

_ *. 9 ^ 90,000

: $#$ M 2,000 88,000

7/29/2019 58-BCOM3

36/45

(DBC 36)9

*. *.

$#M$ $$$V> # $aM V$

B M# sO 24,000

DMs sO 4,000 28,000

B$$_ *O *. 2,00,000. * Q$a$ *. 2,000 $$$ Myr $$MP { *. 3,000.

Myr $$MP $$W# R$ *$ $$$$.

18. The balance sheet of JKL Limited is as follows on 31.3.2004. It was resolved to reconstruct

the company internally by implementing the following scheme.

Liabilities Rs. Assets Rs.Share capital : Goodwill 10,000

10000 equity shares Rs. 10 each 1,00,000 Other fixed assets 90,000

10000 7% preference shares of Stock 35,000

Rs. 10 each 1,00,000 Debtors 40,000

Sundry creditors 20,000 P & L account 45,000

2,20,000 2,20,000

(a) Equity shares of Rs. 10 each are reduced to fully paid shares of Rs. 6 each.

(b) 7% preference shares of Rs. 10 each are reduced to 9% fully paid preference shares of

Rs. 7 each.

(c) The amount so available shall be used for writing of the debit balance of profit and loss

account and goodwill completely and to reduce the value of other fixed assets as far as

possible.

You are required to write the journal entries and prepare the revised balance sheet.

31.3.2004 s JKL $sy BA st D V> E. D {M P$$> AY #>$$

$$rM$ ~$$_$.A$ *. B$$ *.

$* : V$y 10,000

10000 DMs s$ JMPMPs *. 10 ^ 1,00,000 C >$$ 90,000

10000 7% B M# s$ JMPMPs $M$ 35,000

*. 10 ^ 1,00,000 $${V$$ 40,000

$$$ 20,000 t R 45,000

2,20,000 2,20,000

7/29/2019 58-BCOM3

37/45

(DBC 36)10

(a) *. 10 JMPMP DMs s$ NV> _ JMPMP s *. 6 M$ WY $.

(b) 7% B M# s$ JMPMPs *. 10 $ 9% NV> _ JMPMP s *. 7 $M$ WY $.

(c) D V> _a $$$ t R ys $ $$$ V$y$ NV> $ $$rM$ $$$ C

>$ $$ $$M$ $ $$rM$ E*W $.

A$O _st$$ { $$$ _ BA st $$ *$ $y.

7/29/2019 58-BCOM3

38/45

7/29/2019 58-BCOM3

39/45

(DBC 37)2



9. The following information is obtained from the records of Kesava private Ltd.

Rs.

Sales 1,50,000

Variable over heads 90,000

Fixed over heads 45,000

Calculate :

(a) P/V Ratio.

(b) Break - even point.

(c) Margin of safety.

M {$$r$ $sy #M> $y D {M *^$$ {V^y.

*.

A$M>$ 1,50,000

^ K y 90,000

K y 45,000

V#$$ :

(a) P/V .

(b) {M D $#.

(c) $ *j .

10. With the following data for 60% capacity prepare a flexible budget at 90% and 100%capacity.

Production at 60% capacity 600 units

Materials Rs. 100 per unit

Labour Rs. 40 per unit

Direct expenses Rs. 10 per unit

Factory expenses Rs. 40,000 (40% fixed)

Administration expenses Rs. 30,000 (50% fixed)

7/29/2019 58-BCOM3

40/45

(DBC 37)3

D {M 60% EM M > 90% $$$ 100% EM M ^yjs$ *$ ^$$$$.

60% EM MM E 600 $*r$

$$$ *. 100 JMP $*sM

{$ *. 40 JMP $*sM

{ Q$a$ *. 10 JMP $*sM

Mt Q$a$ *. 40,000 (40% $$)

Q$a$ *. 30,000 (50% $$)

11. From the following details calculate material variance.

Material Standard Price Actual Price

Quantity (Kg) Rs. Quantity (Kg) Rs.

A 4 1 2 3.50

B 2 2 1 2.00

C 2 4 3 3.00

D V$ $$ $y $s$ ^$ MP^y.

$s$ {*M

* (M.{V>)

*.

* (M.{V>)

*.

A 4 1 2 3.50

B 2 2 1 2.00

C 2 4 3 3.00

12. From the following Balance Sheet of XYZ Company prepare a schedule of changes in working

capital.

Liabilities 2007 2008 Assets 2007 2008

Rs. Rs. Rs. Rs.

Creditors 50,000 45,000 Cash 35,000 75,000

Bills payable 20,000 55,000 Debtors 98,000 90,000

Share capital 1,25,000 1,50,000 Stock 87,000 1,20,000

Profit and loss A/c 60,000 75,000 Building 15,000 10,000

Furniture 20,000 30,000

2,55,000 3,25,000 2,55,000 3,25,000

7/29/2019 58-BCOM3

41/45

(DBC 37)4

XYZ M $$MP {M BA st $y $*Z *$ stM$ *$ ^$y.

A$ 2007 2008 B$$ 2007 2008

*. *. *. *.

$$$ 50,000 45,000 V$ 35,000 75,000

^# $$ 20,000 55,000 $${V$$ 98,000 90,000

s $* 1,25,000 1,50,000 $M$ 87,000 1,20,000

t R 60,000 75,000 $ 15,000 10,000

EM$ 20,000 30,000

2,55,000 3,25,000 2,55,000 3,25,000



13. The budgeted labour for producing 1000 articles is as follows :

30 men @ 40 p. per hour for 50 hours

20 women @ 30 p. per hour for 30 hours

10 boys @ 20 p. per hour for 20 hours.

The actual data for producing 1000 articles is as follows

25 men @ 45 p. per hour for 50 hours

30 women @ 30 p. per hour for 30 hours

10 boys @ 20 p. per hour for 15 hours.

Calculate :

(a) Labour cost variance

(b) Labour rate variance(c) Labour mix variance

(d) Labour efficiency variance

1000 $#$ E ^$$rM$ yjs ^ {$ {M V> E.

30 $V$ JM VrM$ 40 O. ^ 50 Vr$

120 By$ JM VrM$ 30 O. ^ 30 Vr$

30 $V$ JM VrM$ 20 O. ^ 20 Vr$

7/29/2019 58-BCOM3

42/45

(DBC 37)5

100 $#$ E ^$$rM$ *^$$ {M {$y.

25 $V$ JM VrM$ 45 O. ^ 50 Vr$

30 By$ JM VrM$ 30 O. ^ 30 Vr$

10 $V$ JM VrM$ 20 O. ^ 15 Vr$MP^y :

(a) {$ $ ^

(b) {$ r$ ^

(c) {$ ${$ ^

(d) {$ $ ^.

14. A manufacturing company finds that while the cost of making a component on its own

workshop is Rs. 8.00 each. The same is available in market at Rs. 6.50. Suggest whether to

make and buy. Give also your views, if the supplier reduces the price from Rs. 6.50 to

Rs. 5.50.

The cost data is as follows : Rs.

Materials 3.00

Direct labour 2.00

Other variable expenses 1.00

Depreciation and other fixed expense 2.00

8.00

JM * M Z JMPMP $rM$ *$ ^$$rM$ *. 8 $ $ A#$

$$M$. A M$$$ *PsZ *. 6.50 $#$. *$^$ M$V$ ^$

*_#$$. JM >$ $ *. 6.50 $y *. 5.50 M$ WY, $$MP A{$$$$ M*y $#E

$ *^$$ {M V> E : *.$s$ 3.00

{M {$ 2.00

C ^ *$ 1.00

$V$ $$$ C *$ 2.00

8.00

7/29/2019 58-BCOM3

43/45

(DBC 37)6

15. From the following Balance sheets of a firm, prepare Funds Flow statement.

Liabilities 31.12.2006 31.12.2007 Assets 31.12.2006 31.12.2007

Capital 2,40,000 3,60,000 Building 1,66,200 3,39,600

Share premium 24,000 36,000 Machinery 1,06,800 1,53,900

General reserve 18,000 27,000 Furniture 7,200 4,500

P & L account 58,500 62,400 Stock 66,300 78,000

8% debentures 78,000 Debtors 1,09,500 1,17,300

Provision for taxes 29,400 32,700 Bank 14,400 12,000

Creditors 1,00,500 1,09,200

4,70,400 7,05,300 4,70,400 7,05,300

Provide depreciation on machinery Rs. 38,400 and on furniture Rs. 1,200.

JM $$MP {M B A stM $y $ { M$ *$ ^$y.

A$ 31.12.2006 31.12.2007 B $$ 31.12.2006 31.12.2007

$* 2,40,000 3,60,000 $ 1,66,200 3,39,600

s A M $ 24,000 36,000 ${$ 1,06,800 1,53,900

f$ 18,000 27,000 EM$ 7,200 4,500

t R 58,500 62,400 $M$ 66,300 78,000

8% y^$ 78,000 $$ {V$$ 1,09,500 1,17,300

$ MM$ H>r$ 29,400 32,700 M$ 14,400 12,000$$$ 1,00,500 1,09,200

4,70,400 7,05,300 4,70,400 7,05,300

${O *. 38,400 $$$ EMO *. 1,200 $V$$ H>r$ ^$.

16. The XYZ Co. Ltd is considering the purchase of a new machine. The alternative machines A

and B have been suggested, each having an initial cost of Rs. 4,00,000. Earning after

taxation are expected to be as follows "

Year Cash inflows

Machine A Machine B

Rs. Rs.

1 40,000 1,20,00

2 1,20,000 1,60,000

3 1,60,000 2,00,000

4 2,40,000 1,20,000

5 1,60,000 80,000

7/29/2019 58-BCOM3

44/45

(DBC 37)7

Company has a target to return on capital of 10% and on this basis you are required to

compare the profitability of the machines and state which alternative you consider

financially preferable.

The following is present value at 10% of Re. 1

Year : 1 2 3 4 5

Present value of 10% : 0.91 0.83 0.75 0.68 0.62

XYZ M $sy JM {M ${$ MyM ~$$^$M$. A$$$ B {*$ ($$) ${$

*_$, JMPMP ${ $$MP {$M $ *. 4,00,000. $$ $ A^ $ {M

V> Es$$.

$$ V$ZM {$

${ A ${ B

*. *.

1 40,000 1,20,00

2 1,20,000 1,60,000

3 1,60,000 2,00,000

4 2,40,000 1,20,000

5 1,60,000 80,000

M $*O >y 10% E. BV> ${$$ $M$ # $a$$ $$$ BMV>

B* *V$O H {*$$ # M$M$ $#$$. : 1 2 3 4 5

10% {$ $ : 0.91 0.83 0.75 0.68 0.62

17. From the following information of ABC Company, prepare Cash budget for April, May and

June months.

Month Sales Rs. Purchases Rs. Wages Rs.

February 1,80,000 1,00,000 12,000

March 1,92,000 50,000 14,000

April 1,08,000 1,10,000 11,000

May 1,74,000 70,000 10,000

June 1,26,000 80,000 15,000

(a) 50% of the credit sales are relaised in the month following the sales and the remaining

sales in the following second month.

(b) Creditors are paid in the following month of purchase.

(c) Wages are paid in the same month.

(d) Cash balance on 1st April Rs. 1,20,000.

7/29/2019 58-BCOM3

45/45

M $$MP {M $$ H{, $ $$$ l V$ yjs$ *$ ^$$$$.

A$M>$ *. M$V$ *. $ *.

{ 1,80,000 1,00,000 12,000

*a 1,92,000 50,000 14,000

H{ 1,08,000 1,10,000 11,000

$ 1,74,000 70,000 10,000

l 1,26,000 80,000 15,000

(a) A$M>$ fW $ Z 50% A$# A$M>$ *$ A#$$ $$$ $W A$M>$ $$,

$ y Z *$ A#$$.

(b) M$V$ f $ Z $$ M$ ^# f$V$$

(c) $ A Z ^^$.

(d) H{ 1 s V$ *. 1,20,000.

18. Prepare Cash flow statement from the following Balance Sheet as on 31-3-2007 and 2008.

Balance Sheet

Liabilities 31.3.2007 31.3.2008 Assets 31.3.2007 31.3.2008

Rs. Rs. Rs. Rs.

Share capital 20,000 25,000 Plant 46,000 45,000

Debentures 15,000 12,000 Debtors 9,000 7,000

Creditors 16,000 18,000 Stock 5,000 9,000

P & L account 11,000 14,000 Cash 2,000 8,000

62,000 69,000 62,000 69,000

D {M B B st $y 31.3.2007 $$$ 2008 s V$ { M$ * ^$y.

B B st

A$ 31.3.2007 31.3.2008 B$$ 31.3.2007 31.3.2008

*. *. *. *.s $* 20,000 25,000 r$ 46,000 45,000

y^$ 15,000 12,000 $${V$$ 9,000 7,000

$$ $ 16,000 18,000 $M$ 5,000 9,000

t R 11,000 14,000 V$ 2,000 8,000

62,000 69,000 62,000 69,000

58-bcom3

Documents