AMANA E• .\1. CARYAManaged By : UTTARI BHARAT SABHA (Regd.)

NAAC Accreditation: 'A' Grade

Station Road, Datar Colony, Bhandup (East), Mumbai -400 042.Tel.: 2566 6691 /25662921- Email: info@radav.org

TIME TABLE (INTERNAL TEST) (SEM-IIIIVNI)FEBRUARY 2016

B.COM (ACCOUNTING & FINANCE)f'.v CCOUNTING& ~ S.Y.ACCOUNTING & ~ T.Y.ACCOUNTING &- TI..'iANCE (SEM-II)- E-< FINANCE (SEM-IV) E-< FINANCE (SEM-VI)., < <::. lE SUBJECT ~ ~

TIME SUBJECT TIME SUBJECT

Financial11.00

Financial. a.m .7.00 a.m. to Financial

9A5 Accounting papera.m. to Accounting

II7.45 a.m. Accounting - IV 11.45

paper VIjI',l ••.•" ~1':;: 01.02.2016 01.02.2016 a.m.

- 11.45_. a.m.7.45 a.m. to Management a.m. to Cost Accounting. 030 Auditing paper -If 08.30 a.m. Accounting - I 12.30 - IV

3.1Jl.noon

S. Financial11.00

Financiala.m.7.00 a.m. to a.m. to. 9.45 Management Taxation Paper - II Management7.45 a.m.. 11.45

a.m. Paper - I Paper - III~ -- -- - 02.02.2016 02.02.2016 a.m.

11.45.5a.m. Taxation 7.45 a.m. to a.m. to Taxation Paper -- 10.30 (Indirect Taxes) Commerce Paper - II08.30 a.m. 12.30 IV. a.m. Paper - I f~o noon

9.00 a.m. 11.00 Financialto 9.45 Business Law - 7.00 a.m. to

Business Law - IIIa.m. to Accounting

Paper - I 7.45 a.m. 11.45a.m. Paper - VII

~,.,- -A.r 03.02.2016 03.02.2016 a.m.

19.45 a.m, Quantitative11.45

7.45 a.m. to . Informationto 10.30 Methods for a.m. toEconomics - ill08.30 a.m. Technology 12.30

a.m. Business Paper - I noon

9.00 a.m. Business 7.45 a.m. to Foundation Course-~;.!n~ --016 to 9.45 Communication 04.02.2016 08.30 a.m. n 04.02.2016 - -/a.m. Paper - 11

yEXAM CONVENOR

,~/'CO-ORDINATOR

F.Y.B.A.F. (SEM. 11)(Internal Test)

SUB: FINANCIAL ACCOUNTING..•..~:.~~: 20 Date: 01.02.2016

Roll No. :

Q.1 Fill in the blanks: (% mark each) [5](1) Discount Received is allocated on the basis of of each

Department. (Sales, Purchases)(2) Freight Inward, Octroi, etc. are allocated on the basis of _

of each Department. (Sales, Purchases)(3) The division into departments is based on _

(products, geographical location)(4) Cost of Personnel Department are allocated on the basis of

of the each Department. (No. of employees, No. ofwork done)

(5) is the purchase price payable if full payment is madeimmediately. (Cash Price, Credit Price)

(6) is the initial amount payable at the time of signingthe agreement. (Down payment, Instalment)

(7) Under the hire purchase system, depreciation is provided on_____ price. (Cash, Credit)

(8) A dealer having very few hire purchase transactions will follow_____ method. (Sales, Purchase)

(9) Each instalment consists partly of a charge and partlyof a cash price payment. (Interest, Dividend)

(10) Depreciation is to be calculated on the full as thesame is not affected by the extent of payment made. (Cash Price,Sales Price)

Q.2 Answer the following:. (1) What do you mean by instalment?(2) What do you mean by Direct Expenses?(3) What is the formula for Stock Reserve?(4) Define Department.(5) Carriage Inward will be divided in which ratio?

[5]

Q.3 Solve the following: (Any ONE) [10](1) Vyas is the proprietor of a Departmental Store having two

Departments A and B. The following balances have beenextracted from his books as on 31.12.2014 :

Particulars A BOpening Stock 2,500 2,000Purchases 1,18,000 82,000

Sales 1,50,000 1,00,000Salaries of Sales Staff 10,000 7,500

Common expenses are as follows :Office Salaries ~ 7,500; Lighting ~ 1,200; Repairs to Premises ~ 250;Audit Fees ~ 2,500; Purchase Expenses ~ 600.

The proportion of the total area occupied by A: 2 and B : 3 .5 5Prepare Trading, Profit & Loss AIc (Departmental and General) forcurrent year apportioning the overheads expenses wherevernecessary to show the Departmental profit or loss. Show clearly thebasis on which the expenses are apportioned.

OR

(2) The Loksewa Transport Ltd. purchased trucks from theHindustan Motors Ltd. on hire purchase basis. The cash price ofthe trucks was ~ 3,20,000. The amounts were payable as under:~ 1,00,000 on the date of purchase i.e. 1st January, 2011~ 80,000 on 31 st December, 2011~ 80,000 on 31st December, 2012~ 82,478 on 31st December, 2013The Hindustan Motors Ltd. charged interest at 5% p.a. on theunpaid amount. The purchasing company decided to write off asdepreciation 20% on the diminishing balance each year.You are required to give Trucks Ale, The Hindustan Motor Ltd.AI c and Interest AI c in books of the Loksewa Transport Ltd.according to credit purchase method.

F.Y.B.A.F. (SEM. 11)(Internal Test)

SUB: AUDITINGMarks: 20 Date: 01.02.2016

Roll No. :

Q.1 State whether following statements are True or False. [5](1) Fully omission of transaction may not affect Trial Balance.(2) A part of profit kept aside for future use is called as Secret

Reserve.(3) Auditing can be done by employee of the company.(4) Auditing helps in detection and prevention of errors and frauds.(5) Intentional mistake is called as fraud.(6) In window dressing, liabilities are overstated.(7) In secret reserve, assets are overstated.(8) Duplication of transactions may affect Trial Balance.(9) Casting means auditing.(10) Accountant must be a Chartered Accountant.

Q.2 Answer in one sentence :(1) What do you mean by error?(2) What do you mean by window dressing?(3) Define auditing.(4) What do you mean by Error of Commission?(5) What do you mean by Error of Omission?

Q.3 Answer in brief: (Any TWO) [10](1) What are the objects of secret reserve and harms of secret

reserve?(2) Explain limitations of auditing.(3) Qualities of an auditor.

[5]

Marks: 20

F.Y.B.A.F. (SEM. 11)(Internal Test)

SUB: FINANCIAL MANAGEMENT -11Date: 02.02.2016

Roll No. :

Q.l Answer the following: (% mark each) [5](1) Financial decision involves _

(a) Investment, financing and dividend decision(b) Financing, dividend and cash decision

(2) Financial Management (is/is not) useful for acharitable organisation.

(3) Financial managers actively manage the financial affairs of manytypes of business. (True/False)

(4) If I make one deposit today and wish to know how much it willaccumulate to in the future that value is called . (thefuture value of l/the present value of 1)

(5) The job of a Finance Manager is confined to (Raisingfunds/Raising of funds and their effective utilization)

(6) The wealth of corporate owner is measured by the share price ofthe stock. (True/False)

(7) Capital Budgeting is a part of Decision. (Financing/Investing)

(8) (Cost of Capital/Capital Budgeting) is the minimum required rateof earning or the cut-off rate for capital expenditure.

(9) If I want to know how much to deposit today in order to be able tomake a one-time withdrawal in future, today's deposit is called____ . (the future value of l/the present value of 1)

(10) The reasons to prefer money as present IS . (Timevalue of money /Investment options)

Q.2. Answer in one sentence: (1 mark each)(1) Time Value of Money(2) What is finance?(3) What is Investment Decision?(4) What is profit maximisation?(5) What is sales maximisation?

Q.3 Answer any TWOof the following: (5 marks each) [10](1) What are the functions of financial management?(2) Definition and scope of financial management.(3) What is the importance of valuation concept in decision making?

[5]

F.Y.B.A.F. (SEM. 11)(Internal Test)

SUB: INDIRECT TAXMarks: 20 Date: 02.02.2016

Roll No. :

Q.1 State whether True or False : [5](1) VATis a single point tax.(2) An artist is not a dealer under MVAT,2002.(3) Air transport company is a dealer under MVAT,2002.(4) An importer is liable for registration under MVAT,2002 only if his

sales turnover exceeds ~ 10,00,000.(5) An importer is liable for registration under MVAT,2002, only if

his sales turnover exceeds his imports by ~ 10,000.(6) Sales of goods falling under Schedule A are taxed at nil rate.(7) Goods specified in Schedule B are exported, the rate of tax is 1%.(8) Goods specified in Schedule C are exported, the rate of tax is Nil.(9) Set off and refund are one and the same.(10) VATpaid on fuel is eligible for full set off.

Q.2 Answer in one sentence :(1) Define goods and its inclusions.(2) What do you mean by sale price?(3) Define purchase price.(4) Define dealer.(5) Define manufacturer.

[5]

Q.3 Solve the following: (Any TWO)(1) Distinguish between Income Tax and VAT.

[10]

(2) M/s. Shetty & Co. commenced business on 16th March, 2015.From the following particulars, determine the date from whichthey will be liable for registration and to pay tax as per MVATAct,2002.

Details of PurchasesOut of

Within StateDetails of Sales

Date State

Taxable TaxableTax

Taxable TaxFree Free

16.03.2015 11,000 6,000 12,000 8,000 15,00019.03.2015 10,000 3,000 13,000 21,000 11,00022.03.2015 8,000 2,000 14,000 10,000 20,00030.03.2015 7,000 4,000 18,000 5,000 6,00003.04.2015 15,000 8,000 10,000 19,000 21,000

06.04.2015 20,000 6,000 12,000 40,000 15,00011.04.2015 12,000 12,000 16,000 10,000 12,00015.04.2015 18,000 14,000 11,000 18,000 28,000

(3) Ms. Pranjan Bone commenced her business on 27thMarch, 2015.Find out the date from which she will be liable for registrationand pay VATunder MVAT.

Date Purchases SalesTaxable Tax Free Taxable Tax Free

27.03.2015 7,000 13,000 9,000 60,00029.03.2015 6,000 12,000 2,000 50,00030.03.2015 5,000 1,10,000 8,000 1,75,00031.03.2015 4,000 90,000 12,000 1,10,00004.04.2015 3,000 1,25,000 6,000 3,00,00006.04.2015 6,000 60,000 7,000 1,25,00010.04.2015 4,000 1,35,000 12,000 6,00,00015.04.2015 5,000 2,00,000 6,000 75,000

F.Y.B.C.A.F. (SEM. 11)(Internal Test)

SUB: BUSINESS lAWMarks: 20 Date: 03.02.2016

Roll No. :

Q.l (a) Fill in the blanks:(1) An agreement without consideration is _(2) The bailor in case of pledge is known as _(3) is not a wager.(4) goods are indicated by description.(5) is a person who draws a bill.(6) is in relation to goods.

[3]

(b) Match the columns : r21'A' 'B'

(1)Contract (a) Transferable Document(2) Negotiable Instrument (b) Executory Contract(3) The Consumer Protection Act (c) Section 2(h)(4) Agreement to Sale (d) 1986

(e) 1881

Q.2 Answer in one sentence: (Any FIVE) [5](1) Explain the term Quasi Contract.(2) What do you mean by natural limitation?(3) Who is a consumer?(4) What are E-contracts?(5) What do you mean by Continuing Guarantee?(6) Define the term warranty.

Q.3 Answer the following: (Any TWO) [10](1) Explain the case Chinnaya V/ s Ramayya(2) Explain the case Lalman Shukla V/s Gauri Dutt(3) State the difference between Contract and Agreement.

Marks: 20

F.Y.B.A.F. (SEM. 11)(Internal Test)

SUB: QUANTITATIVE METHODS -IDate: 03.02.2016

Roll No. :

Q.1 Choose the correct alternative from the following: [10 x Y2 = 5](1) Statistical survey is a scientific process of

(a) collection of data(b) analysis of data(c) collection and analysis of numerical data(d) none of these

(2) The data collected for the first time is known as(a)Value (b) Infotmation(c) Secondary data (d) Primary data

(3) The method of collecting primary data are(a) Direct Personal Interview (b) Indirect Oral Interview(c)Mailed Questionnaire (d)All of these

(4) A statistical measure calculated for all objects in population iscalled as(a) parameter (b) attribute(c)variable (d) none of these

(5) Statistics is used in(a) Business (b)Agriculture(c)Medicine (d)All of these

(6) The classification of workers according to sex, type and age is(a) three-way (b) two-way(c)one-way (d) none of these

(7) The data tabulated according to time of occurrence is called(a) Qualitative tabulation (b)Geographical tabulation(c) Chronol,ogical tabulation (d)None of these

(8) The histogram can be used to locate graphically the value of(a)Mean (b)Median(c)Mode (d)None of these

(9) When two or more characteristics are to be represented for thesame set of objects, then the following diagram is used:(a) Sample Bar Diagram (b)Multiple Bar Diagram(c) Sub-divided Bar Diagram (d)None of these

(10) If the data is about heights of a group of 50 students, it can berepresented using:(a) Tabulation (b) Frequency distribution(c)Pie diagram (d) None of these

Q.2 In W.S.D. College of Commerce, the number of students inF.Y.B.Com., S.Y.B.Com. and T.Y.B.Com. were 560, 535 and 525respectively.There were 250 boys in F.Y.B.Com. and the rest were girls.The number of girls in S.Y.B.Com. was more than the number of boysby 95, while in T.Y.B.Com., the number of girls was double thenumber of boys.Present the above information in a suitable tabular form. [5]

Q.3 Attempt any TWO: [2 x 5 = 10](1) Present the following data in a tabular form:

In a market survey of 25,000 women from Bombay, exactly onefourth were non-Maharashtrians. 15 out of every 25 women wereemployed and 70% of Maharashtrian were employed. 60% ofemployed Maharashtrian women and 20% of employed non-Maharash trians were married.The number of unmarried Maharashtrian women who wereunemployed was 3250 and 1435 unmarried non-Maharashtrianswere not employed.

(2) Answer the following using the diagram:(i) In which city the income is the least?(H) Name the cities where the income is above ~ 600.(Hi) Name the city with median income.

10.90.80.70.60.50.40.30.20.1o +-~--~--r--------.------~~~------~----~~

IE3lncome in RS.,

Mumbai Kolkata Chennai HyderabadDelhi

(3) R h £ 11 b hi tdepresent t e 0 OWIng ata rv a IS ogram :Income # of Families

200 - 300 27300 - 400 30400 - 500 45500 - 600 25600 -700 18

Marks: 20

F.Y.B.A.F. (SEM. 11)(Internal Test)

SUB: BUSINESS COMMUNICATIONDate: 04.02.2016

Roll No. :

Q.1 Match the following : [5]'A' '8'

(1) Interview (a) Means of rehearsing(2) Body language (b) Opposite to horn effect(3) Halo effect (c) Face to face communication(4) Mock interview (d) Behavioural characteristics(5) Closed Mind typical of a group of people(6) Culture (e) As important as oral(7) Barrier due to technology communication(8) Open questions (f) No room to learn new things(9) WASP technique (g) Enables candidates to(10) Reprimand provide depth information

(h) Disciplinary action(i) Inadequate assistive

technologiesU) First step to welcome the

candidate

Q.2 Answer the following questions in one sentence:(1) What is filtering?(2) Give two ways to overcome semantic barriers.(3) What do you mean by Appraisal Interview?(4) Give Murphy's definition of interview.(5) What do you mean by Link Questions?

Q.3. Write short notes on any TWOof the following:(1) Preparations made by the interviewer(2) Physical barriers(3) Types of interviews

[5]

[5]