TAMIL NADU OPEN UNIVERSITY Chennai - 25
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1 Cost Accounting BCO What do you understand by make or buy decision? Illustrate your answer with an example. nra;jy; my;yj thq;fjy; KbT gw;wp eptph; mwptj ahj? ckj gjpiy vlj;jf;fhl;lld; tpsf;ff. 2. Discuss the need for reconciliation of cost and financial accounts. mlf;ftpiy kw;wk; epjpf;fzf;ffis rhpf;fl;ly; nra;tjw;fhd Njitia tpthjpf;f. 3. Tulip Ltd., produces a product which has a monthly demand of 4,000 units. The product requires a Component A which is purchased at Rs.20. For every finished product, one unit of Component A is required. The ordering cost is Rs. 120 per order and the holding cost is 10% per annum. You are required to calculate: i) Economic Order Quantity; and ii) If the minimum lot size is 4,000 units, what is the extra cost Tulip Ltd., has to incur? Jypg; ypl; cw;gj;jp nra;ak; nghusf;f khje;jpu Njit 4000 myffs;.,e;j nghusf;f thq;fg;glk; V vd;w nghuspd; tpiy &.20. xt;nthu KbTw;w myfw;fk; xu V nghus; xu myf Njitg;gLk;. xu Mizf;fhFk; nryt &.120. guhkhpg;g nryt tulj;jpw;f 10%. epq;fs; fzf;fpl Ntz;baJ: m) rpf;fd Miz mst M) Fiwe;jgl;r nfhs;kjy; mst 4000 myffs; vdpy; Jypg; ypl;-f;f MFk; cghpr; nryt vt;tst? 4. In the course of manufacture of the main product P, by-products A and B also emerge. The joint expenses of manufacture amount to Rs.1,19,550. All the products are processed further after separation and sold as per details given below:
2 Main product By-products P A B Rs. Rs. Rs. Sales 90,000 60,000 40,000 Cost beyond split of stage 6,000 5,000 4,000 Profit as percentage of sales 25% 20% 15% Selling and administration overheads are absorbed as percentage of cost of sales. Prepare a statement showing the apportionment of joint cost to the main product and by-products. Also prepare main product P Account. rp vd;w Kjd;ikg; nghuis cw;gj;jp nra;ak;nghj> Jizg; nghul;fshd V kw;wk; gp Njhd;wpd. cw;gj;jpf;fhd,izr; nrytfs; &.1>19>550. midj;jg; nghul;fsk; gphptpw;fg; gpwfk; topkiw nra;ag;gl;l tpw;gid nra;ag;gl;ld. tptuq;fs; gpd;tukhw: Kjd;ikg; nghus; Jizg; nghul;fs; tptuq;fs; rp V gp & & & tpw;gid 90>000 60>000 40>000 gphpt Gs;spf;Fg;gpd; Md 6>000 5>000 4>000 nrytfs; tpw;gidapy;,yhg 25% 20% 15% rjtpjk; tpw;gid kw;wk; eph;thfr; nrayikg;gr; nrytfs;> tpw;gid mlf;ftpiyapd; rjtpjj;jpy; fpufpf;fg;glfpd;wd.,iz mlf;ftpiyia Kjd;ik kw;wk; Jizg; nghul;fsf;f gfph;e;jspf;fk; gl;baiyj; jahh; nra;f. NkYk; Kjd;ikg; nghus; rp-apd; fzf;ifak; jahh; nra;f.
3 Commercial Law and Industrial Law BCO Explain different types of Contingent contracts. gytifg;gl;l epfo;trhh; xg;ge;jq;fis tpsf;ff. 2. What are the rights and duties of an agent? Kfthpd; chpikak;> flikak; ahit? 3. Explain different types of goods. ruf;ffspd; tiffs; ahit? tpthp. 4. Explain under what circumstances Employer is liable to pay Compensation. njhopyjpgh; njhopyhspf;ff ve;j #o;epiyapy;,og;gpl nra;a Ntz;Lk;?
4 Advanced Accounting BCO ) Orange, Apple and Banana were in partnership sharing profits and losses in the ratio of 3:2:1. They decided to dissolve the partnership and to distribute the sale proceeds as and when realised. The partners capitals were: Orange Rs.10,000, Apple Rs.9,000 and Banana Rs.5,000, Apple s Loan (Cr.) amounted to Rs.3,000. Sundry creditors amounted to Rs.6,000. The assets were realised as under. Stock Furniture Debtors Expenses Rs. Rs. Rs. Rs. July 3, , August 2, , September 2,500 2, October 3,000 3, You are required to draw up a statement showing the distribution of Cash and the Journal Entry for closing finally the Capital Accounts of the partners by following the proportionate capital method. MuQ;R> Mg;gps; kw;wk; thiog;gok; Mfpa %tuk; 3:2:1 vd;w tpfpjj;jpy; yhgj;ij gphpj;jf; nfhs;sk; $l;lhspfs; Mth;. epwtdj;ij fiyj;j> nuhf;fk; fpilf;fk; nghoj cldbahf toq;ftjhf xj;jf; nfhz;ls;sdh;. $l;lhspfs; %yjdk; MuQ;R &.1>000> Mg;gps; &.9>000> kw;wk; thiog;gok; &.5>000. Mg;gps; fld; &.3>000 (tut). fldpe;njhh;fs; &.6>000. nrhj;jf;fs; gpd;tukhw gzkhf;fg;gl;ld.
5 ruf;f jsthlq;fs; fldhspfs; nryt [Piy 3> > Mf];L 2> > nrg;lk;gh; 2> > mf;nlhgh; 3> > cghp %yjd mbg;gilapy; xu gbg;gbahf nuhf;fk; toq;fjy; mwpf;if xd;w jahhpf;ftk;. 2) On 1st July 2000, a company issued 2,000, 6% debentures of Rs.100 each. The interest is payable on 30th June and 31st December every year. The company is allowed to purchase its own debentures which may be cancelled or kept or reissued at the company s option. The company made the following purchases by cheque in the open market: On 31st May debentures at Rs.98 ex-interest. On 30th Sept debentures at Rs.97 cum-interest. The debentures, which were purchased on 31st May, 2001 were cancelled on 31st December, All payments were made on due dates. Give journal entries to record the above transactions (including receipts and payments) and also the relevant items in the Balance Sheet as on 31st Dec, > [Piy 6y; xu epwkk; &.100 kjpg;gs;s 2000 fld; gj;jpuq;fis ntspapl;lj. xt;nthh; Mz;Lk; [Pd; 30 kw;wk; brk;gh; 31k; ehs; tl;b nryj;jg;gl Ntz;Lk;. xu epwkk; jdj fld; gj;jpuq;fis thq;fp epwkk; tpug;gg;gb uj;j nra;anth my;yj kw ntspapl nra;anth mdkjpf;fg;gl;lj. fhnrhiy %ykhf epwkk; gpd;tuk; fld; gj;jpuq;fis ntspr;re;ijapy; thq;fpaj md;w &.98 tpjk; tl;bapy;yh tpiyapy; 200 fld; gj;jpuq;fs; md;w &.97 tpjk; tl;bald; $ba tpiyapy; 100 fld; gj;jpuq;fs;. 31 Nkapy; thq;fpa fld; gj;jpuq;fs; md;w uj;j nra;ag;gl;lj. chpa ehspy; vy;yh nryj;jy;fsk; Kbe;jd. 3. Differentiate between External Reconstruction and Internal Reconstruction. mfr; rpuikg;gpw;fk;> Gw rpuikg;gpw;fk; cs;s NtWghLfs; ahit? 4. What do you mean by liquidation of a company? Describe the different methods of winding up. epwtd fiyg;g vd;why; vd;d? epwtd fiyg;gpd; gy;ntw Kiwfis tpthp.
6 Auditing BCO ) Explain the points to be kept in mind by an auditor before commencing a new audit. xu Gjpa jzpf;ifiaj; njhlq;ftjw;f Kd;djhf jzpf;ifahsh; kdjpy; nfhs;s Ntz;ba tp\aq;fs; ahit? 2) Discuss the general principles of valuation of assets. nrhj;jf;fis kjpg;gpl nra;tjw;fhd nghjtpjpfisf; $Wf. 3) Explain the factors affecting the determination of accounting profits. fzf;fg;gjptpay; yhgj;ijj; jph;khdpf;fk; fhuzpfis tpsf;ff. 4) Part II of the first schedule deals with professional misconduct in relation to members of the ICAI in service Elaborate. Kjy; ml;ltizapd;,uz;lhk; gfjp gzpapy; cs;s,.g.f.ep cwg;gpdh;fspd; njhopy;rhh;e;j jpaelj;ij gw;wp tpthpf;fpwj - tpsf;ff.
7 Insurance BCO ) Describe the essential features of life insurance contract. MAs; fhg;gpl;bd;,d;wpaikah rpwg;gpay;gfis tpthp. 2) Explain the features of Mortality table.,wg;g ml;ltizapd; Fzhjpraq;fs; ahit? 3) Discuss the method of calculating surrender value. ruzhfjp kjpg;g fzf;fpltjw;fhd Kiwfis tpthp. 4) What are the principles of rate fixation in fire insurance? jp fhg;gpl;by; tpiy eph;zaf; nfhs;ifia tpthp.
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