# T.Y. B.Com. Examination, 2013 BUSINESS STATISTICS (Paper II) (2008 Pattern)

Save this PDF as:

Size: px
Start display at page:

Download "T.Y. B.Com. Examination, 2013 BUSINESS STATISTICS (Paper II) (2008 Pattern)"

## Transcription

1 * * [4369] 311 Seat No. T.Y. B.Com. Examination, 2013 BUSINESS STATISTICS (Paper II) (2008 Pattern) Time : 3 Hours Max. Marks : 80 N.B. : i) All questions are compulsory. ii) Figures to the right indicate full marks. iii) Use of calculator and statistical tables is allowed. iv) Symbols and abbreviations have their usual meanings. 1. A) Attempt any four of the following : (2 each) a) Define Bernoulli distribution. Also state its mean and variance. b) Let X be a Poisson variable with P[X = 0] = Find mean and variance of X. c) If P(A) = 0.3, P(B) = 0.4 and P(A/B) = 0.32, find P(A B). d) Find n if n P 2 = 132. e) Define Lead time and Buffer stock of inventory. f) State whether each of the following is true or false : i) P ( φ ) = 0 is one of the axioms of probability theory. ii) The critical region in 2 χ -test of goodness of fit is always one sided. B) Attempt any two of the following : (6 each) a) Define independence of two events and mutually exclusive events. Can two events be independent and mutually exclusive simultaneously. Justify your answer with a suitable illustration. b) Let X and Y be two independent Binomial variables with parameters (6, 0.4) and (8, 0.4) respectively. Find : i) P(X + Y = 2) ii) P(X + Y > 8) iii) Mean of (X + Y) and variance of (X + Y). P.T.O.

2 [4369] * * c) A company buys in lots of 500 boxes which is a 3 month supply. The cost per box is Rs. 125 and the ordering cost is Rs The inventory cost is estimated at 20% of unit value. i) What is the total annual cost of the existing inventory policy? ii) How much money could be saved by employing the economic order quantity? 2. Attempt any two of the following : (8 each) a) Number of road accidents on a highway during a month follows a Poisson distribution with mean 5. Find the probability that in a certain month, number of accidents on the highway will be i) less than 3, ii) between 3 and 5, iii) more than 3, iv) zero. b) The joint probability distribution of (X, Y) is given below. Y X K 3K 5K 2K 2 2K K K K 3 3K 2K K K Obtain : i) The value of K. ii) Marginal probability distributions of X and Y iii) P(Y > 2) iv) Standard deviation of Y. c) Let X ~ N (0, 1). If the events A and B are defined as : A = { 0.3 < X < 0.7 } and B = { 0.1 < X < 0.3}, find (i) P(A) P(B) (iii) P ( A B) (iv) P ( A B).

3 * * -3- [4369] Attempt any two of the following : (8 each) a) i) Explain the method of stratified random sampling. ii) Define the terms : Estimator, Statistic, sampling distribution of a statistic, standard error of a statistic. b) A milk producers union wishes to test whether the preference pattern of consumers for its products is dependent on income levels. A random sample of 500 individuals gives the following data : Income Product Preferred Product A Product B Product C Total Low Medium High N = 500 Can you conclude that the preference patterns are independent of income levels? c) i) While conducting population survey of a town, the enumerator noticed that 50% of the male population were illiterate. If the trend continues, workout the probability that out of a random sample of 400 males, the number of illiterates will be i) between 180 and 215 ii) less than 185. [Use Normal approximation] ii) The arrival rate of customers arriving at a bank counter follows Poisson distribution with a mean of 4 per 10 minutes interval. Find the probability that a) Exactly 0 customers will arrive in a 10 minutes interval b) Atmost 3 customers will arrive in a 10 minutes interval.

4 [4369] * * 4. Attempt any two of the following : (8 each) a) i) In a sample of 8 observations, the sum of squared deviations of items from the mean was In another sample of 10 observations, the value was found to be Test whether the difference in population variances is significant at 5% level of significance. ii) In a certain college, the students are engaged in various sports in the following proportions. Football : 60% of all students. Basketball : 50% of all students. Both Football and Basketball : 30% of all students. If a student is selected at random, what is the probability that he will i) Play football or basketball? ii) Play neither of the sports? b) i) Explain in brief t-test for test of significance of population correlation coefficient. ii) A manufacturer claims that only 5% of his products are unsatisfactory. A random sample of 400 items was inspected and 24 items were found unsatisfactory. Does this justify the manufacturer s claim? Use 5% level of significance. c) i) State the advantages of sampling over census. ii) To verify whether a course in accounting improved performance, a similar test was given to 12 participants both before and after the course. The original marks recorded in alphabetical order of the participants were 44, 40, 61, 52, 32, 44, 70, 41, 67, 72, 53, 72. After the course, the marks in the same order were : 53, 38, 69, 57, 46, 39, 73, 48, 73, 74, 60 and 78. Was the course useful? 5. Attempt any two of the following : (6 each) a) In a survey on the area (in acres) under a crop, 200 villages in a District were divided into 5 strata. The area under the crop in selected villages was noted. The following is the information about the survey : Stratum No. Stratum Size (N i ) Sample Size (n i ) Area under the crop in the villages selected in sample , 15, 14, 12, 8, 11, 12, 10, 13, , 28, 22, 18, 17, 20, , 40, 48, 53, , 74, , 92 Obtain estimates of (i) each stratum mean population mean (iii) population total.

5 * * -5- [4369] 311 b) A newspaper boy buys papers for 30 paise each and sells them for 70 paise each. He cannot return unsold newspapers. Daily demand of the newspapers has the following probability distribution. No. of customers Probability If each day s demand is independent of the previous day s demand, how many papers should be ordered each day? c) Alpha Industries Limited has deputed four different batches of its employees to four different training organizations (A, B, C and D) for the same training programme, which aims to train them in improving their decision making skills. Each batch consists of five employees with similar qualifications and work experience. After the training programme, the company conducted a common examination to test their level of additional knowledge gained through the training programme. The percentage scores of the employees of the batches in the examination are as follows : Training Organization A B C D Perform ANOVA to check whether there is significant difference between the training organizations in terms of improving the decision making skills of the employees at 5% level of significance. B/I/13/435

6 Total No. of Questions 5] [Total No. of Printed Pages 4 Seat No. [4369]-301 T.Y. B.Com. EXAMINATION, 2013 BUSINESS REGULATORY FRAMEWORK (M. LAW) (2008 PATTERN) Time : Three Hours Maximum Marks : 80 N.B. : (i) All questions are compulsory. Figures to the right indicate full marks. 1. Define the term Offer. Explain the legal rules of a valid offer. [16] 2. What is a Contract of Sale of Goods? Explain the essentials of a contract of sale of goods and kinds of goods. [16] Or Define Contract of Guarantee. Explain the various methods of discharge of surety. [16] P.T.O.

7 3. (A) Explain the salient features of the Consumer Protection Act, [8] (B) State the characteristics of copyright and explain the rights of copyright-holder. [8] Or (A) Write a detailed note on District Forum under the Consumer Protection Act, [8] (B) Explain the scope of Geographical Indication as an Intellectual Property Right. [8] 4. Define Negotiable Instruments. Explain the essentials of Promissory Note, Bill of Exchange and Cheque. [16] 5. Write short notes on (any two) : [16] (a) (b) Digital Signature Duties of Arbitrators (as per Arbitration and Conciliation Act, 1996) (c) (d) Objectives of WIPO Unfair Trade Practices. [4369]-301 2

8 (ejkbh :ikarj) osˇ % rhu rkl,dw.k xq.k % 80 lwpuk : (i) (iii) loz izðu lksmfo.ks vkoð;d vkgs- mtohdmh«vad iw.kz xq.k nðkzforkr- lanhkkzlkbh ewˇ baxzth izðuif=dk igkoh- 1. ^^izlrko** laksph O;k[;k k- izlrkoklaca/khps dk;nsfðkj fu;e lkaxk- [16] 2. ek«foÿhpk djkj Eg.kts dk; \ ek«foÿh djkjkps vkoð;d?kvd o ek«kps fofoëk [16] tkehunkjhp;k (geh) djkjkph O;k[;k k- tkehunkjkph tkehunkjhp;k djkjkrwu dks.kr;k iºrhus eqdrrk gksrs \ [16] 3. (v) xzkgd laj{k.k dk;nk] 1986 ph Bˇd osfðk"vós Li"V djk- [8] (c) dkwihjkbzvph osf'k"vós Li"V djk o dkwihjkbzv&/kkjdkps gdd lkaxk- [8] fdaok (v) xzkgd laj{k.k dk;nk] 1986 uqlkj ftygk xzkgd eap ;koj lfolrj fvi [8] (c) ^HkkSxksf«d foðks"krknðkzd fpug* ;k cksfºd ek«eÿkk gddkph O;kIrh Li"V izdkj Li"V djkfdaok f«gk- djk- [8] [4369] P.T.O.

9 4. ^p«u{ke nlr,sotkph* O;k[;k k- opufpßh] gqamh vkf.k /kuknsðkkp;k vkoð;d ckch Li"V djk- [16] 5. FkksMD;kr fvik f«gk (dks.kr;kgh nksu) % [16] (v) fmftv«flxuspj (c) «oknkph (e/;lfkkph) drzo; (1996 P;k e/;lfkh o l«ks[kk dk;nókuqlkj) (d) foiks (WIPO) ph mfì"vós (M) vuqfpr O;kikjh izfkk- [4369]-301 4

10 Total No. of Questions 4] [Total No. of Printed Pages 8+3 Seat No. [4369]-302 T.Y. B.Com. EXAMINATION, 2013 ADVANCED ACCOUNTING (2008 PATTERN) Time : Three Hours Maximum Marks : 80 N.B. : (i) All questions are compulsory. (iii) Figures to the right indicate full marks. Use of calculator is allowed. 1. (A) Answer in one sentence only (any five) : [10] (i) On which day does the accounting year of a banking company end every year? What are the insured standing charges? (iii) What does Accounting Standard-15 stand for? (iv) State the basis of allocation of Advertisement expenses under Department Account. (v) State the account to which consumption of farmer is debited. (vi) What does excess of assets over liabilities mean? (vii) What is the formula to calculate Liquidity Ratio? P.T.O.

11 (B) Write short notes on (any two) : [14] (i) Construction Contracts (AS-7). Difference between Management Accounting and Financial Accounting. (iii) (iv) Allocation of expenses in Departmental Account. Cum Interest and Ex-Interest Transactions of Purchases and Sales in Investment Accounts. (v) Current Ratio. 2. The following is the trial balance of Sunrise Bank Ltd. as on 31st March, 2013 : Particulars Rs. Rs. Share Capital 30,000 Equity Shares of Rs. 10 each 1,50,000 Statutory Reserve 2,00,000 Deposits : Fixed 1,39,000 Saving 2,25,000 Current 1,87,000 Cash in hand 1,45,000 Cash with R.B.I. 2,10,000 [4369]-302 2

12 Interest and Discount 1,50,000 Commission and Brokerage 25,000 Interest on Fixed Deposit 15,000 Interest on Saving Deposit 10,000 Interest on Current Deposit 6,250 Salaries 59,500 Manager Salaries 6,000 Rent, Insurance and Taxes 2,000 Postage and Telegram 450 Printing and Stationery 3,500 Audit Fees 2,000 Depreciation 1,650 Investment in Shares 42,000 Loan, Cash Credit and Overdraft 2,45,000 Bills discounted and purchased 90,000 Government Bonds 80,000 Furniture 20,000 Premises 1,50,000 Branch Adjustment Account 12,350 Total 10,88,350 10,88,350 [4369] P.T.O.

13 Additional Information : (1) Rabate on bill discounted Rs. 13,500. (2) Create Reserve for bad and doubtful debts Rs. 5,500. (3) Acceptances on behalf of customers Rs. 40,000. You are required to prepare Profit and Loss Account for the year ended 31st March, 2013 and Balance Sheet as on that date. [14] Or M/s Uday Investment Ltd. Pune submit the following details regarding one of their investment for the year 2012 : (1) On Opening Balance, Face Value Rs. 80,000, Cost Price Rs. 81,600. (2) On Purchases, Face Value Rs. 60,000 cum-interest at Rs. 95. (3) On Sales, Face Value Rs. 50,000 cum-interest at Rs (4) On Sales, Face Value Rs. 20,000 cum-interest at par. (5) On Purchases, Face Value Rs. 24,000 ex-interest at Rs. 99. [4369]-302 4

14 Investments carry interest at 6% p.a. payable on every 31st March and 30th September. The Market Price of Investment on 31st December 2012 at Rs. 98. Write up Investment Account. [14] 3. (A) A fire broke out in the premises of Bright & Co. Pune on 15th August, From the following particulars ascertain the loss of stock and prepare a claim for insurance : Particulars Rs. Stock on ,000 Stock on ,000 Sales from to ,80,000 Purchases from to ,22,000 Sales from to ,50,000 Purchases from to ,47,000 The stock salvaged was worth Rs. 36,000. The amount of policy was Rs. 63,000. There was an average clause in the policy. [8] [4369] P.T.O.

16 Cheques received from head office for expenses : Salaries 24,000 Rent and Taxes 8,000 Advertising 10,000 Petty Cash 6,000 Actual petty expenses incurred by the branch 7,000 Branch Stock on (at Invoice Price) 1,32,000 [14] 4. From the following Trial Balance of Amrut Farm, Pune, prepare Crop Account, Live-stock Account, Profit and Loss Account for the year ended 31st March, 2013 and Balance Sheet as on that date : Debit Rs. Credit Rs. Opening Stock : Sales : Live-stock 61,000 Milk 30,400 Paddy 4,000 Paddy 52,600 Cattle Feed 2,800 Live-stock 9,000 Fertilizers 2,200 70,000 Creditors 11,800 [4369] P.T.O.

17 Purchases : Capital 1,71,200 Live-stock 11,600 Fertilizers 2,400 Seeds 1,200 Cattle Feed 6,800 22,000 Crop Expenses : Labour 7,200 Other expenses 800 8,000 Live-stock Expenses : Medicines 1,200 Labour 7,200 Dairy Expenses 1,600 10,000 General Expenses 12,000 Tractor 36,000 Land 1,00,000 Cash at Bank 17,000 Total 2,75,000 Total 2,75,000 [4369]-302 8

18 Adjustment : (i) Closing stock : (a) Live-stock Rs. 60,000 (b) Paddy Rs. 3,000 (c) Cattle Feed Rs. 1,800 (d) Fertilizers Rs. 1,200 The proprietor has consumed the following items for his family use, out of his farm output : (a) Milk Rs. 4,800 (b) Paddy Rs. 1,200 (iii) (iv) Provide 10% depreciation on Tractor. Cow-dung of Rs. 4,000 has been used as manure in crop section. [20] Or Mr. Joshi maintains his books by single entry system. His cash book for the year ended 31st March, 2013 was as follows : Summary of Cash Book Receipts Rs. Payments Rs. To Balanced b/d 12,300 By Investment 2,000 To Sales 8,700 By Joshi s drawings 6,500 [4369] P.T.O.

19 To Debtors 35,700 By Purchases 7,300 To Bills Receivable 15,300 By Creditors 28,900 To Interest 1,500 By Bills Payable 7,500 To Joshi s Capital Account 10,000 By Wages 17,300 To Balance c/d 3,730 By Carriage Inwards 1,350 By Postage 550 By Salaries 12,000 By Rent and Taxes 930 By Insurance 700 By Printing and Stationery 2,200 Total 87,230 Total 87,230 Particulars of Assets and Liabilities were as follow : Particulars Rs. Rs. Investments 15,000 17,000 Stock 13,700 29,300 Debtors 21,000 25,000 Bills Receivable 14,000 18,000 Creditors 31,000 29,000 Bills Payable 7,000 9,000 Plant and Machinery 45,000 42,500 Furniture 3,500 3,100 [4369]

20 Other Informations : (i) Credit Sales Rs. 59,000 Bills receivable from Debtors Rs. 19,300 (iii) Credit Purchases Rs. 36,400 (iv) Bills Payable issued to Creditors Rs. 9,500 (v) Capital balance as on Rs. 86,500 Adjustments : (i) A provision of Rs. 1,250 was necessary on debtors for doubtful debts. Outstanding wages were Rs. 1,500 and outstanding salary was Rs (iii) Insurance was paid for one year ending 30th September, (iv) An advertising bill was payable amounting to Rs Prepare Trading and Profit & Loss Account for the year ended 31st March, 2013 and the Balance Sheet as on that date of Mr. Joshi. [20] [4369] P.T.O.

21 Total No. of Questions 5] [Total No. of Printed Pages 4 Seat No. [4369]-303 T.Y. B.Com. EXAMINATION, 2013 ECONOMICS (Indian and Global Economic Development) (2008 PATTERN) Time : Three Hours Maximum Marks : 80 N.B. : (i) All questions are compulsory. Figures to the right indicate full marks. 1. State the comparison of Indian economy with Developed economy with respect to : [16] (a) (b) (c) (d) Service sector Industry Per capita income Population. 2. Describe the constraints on Agricultural Development in India. [16] P.T.O.

22 Or Explain the role of small scale industries in India. [16] 3. (A) State and explain the role of Human Resource in economic development. [8] (B) What are the challenges of Globalisation? [8] Or (A) Explain the convertibility of rupee on Current Account. [8] (B) State the objectives of International Monetary Fund (I.M.F.). [8] 4. Explain the need and forms of foreign capital. [16] 5. Write short notes on (any two) : [16] (a) (b) (c) (d) Objectives of Economic Planning in India Importance of Infrastructure in India Direction of India s Foreign Trade World Trade Organisation (W.T.O.). [4369]-303 2

23 (ejkbh :ikarj) osˇ % rhu rkl,dw.k xq.k % 80 lwpuk : (i) (iii) loz izðu vkoð;d vkgsr- mtohdmh«vad iw.kz xq.k nðkzforkr- 1. Hkkjrh; vfkzo;olfksph fodflr vfkzo;olfkkaðkh iq<h«eq kp;k vk/kkjs rq«uk djk % (v) lsok {ks= [16] (c) m ksx (d) njmksbz mriuu (M) lanhkkzlkbh ewˇ baxzth izðuif=dk igkoh- «ksdla[;k- 2. Hkkjrkrh«ðksrh fodklkrh«vmfkˇókaps o.kzu djk- [16] fdaok Hkkjrkrh««?kq m ksxkaph Hkwfedk Li"V djk- [16] 3. (v) vkffkzd fodklkrh«ekuoh lalk/kukph Hkwfedk lkaxk o Li"V djk- [8] (c) tkxfrdhdj.kkph vkogkus dks.krh vkgsr \ [8] fdaok (v) pk«w [kkr;kojh«#i;kph ifjorzuh;rk Li"V djk- [8] (c) vkarjjk"v h; uk.ks fu/khph mfì"vs lkaxk- [8] [4369] P.T.O.

24 4. fonsðkh HkkaMo«kph xjt vkf.k izdkj Li"V djk- [16] 5. [kk«h«isdh dks.kr;kgh nksuoj FkksMD;kr fvik f«gk % [16] (v) Hkkjrh; vkffkzd fu;kstukph mfì"vs (c) Hkkjrkrh«ik;kHkwr lqfo/kkaps egro (d) HkkjrkP;k fonsðk O;kikjkph fnðkk (M) tkxfrd O;kikj la?kvuk (W.T.O.)- [4369]-303 4

25 Total No. of Questions 5] [Total No. of Printed Pages 4 Seat No. [4369]-304 T.Y. B.Com. EXAMINATION, 2013 ECONOMICS (International Economics) (2008 PATTERN) Time : Three Hours Maximum Marks : 80 N.B. : (i) (iii) All questions are compulsory. Figures to the right indicate full marks. Draw a diagram wherever necessary. 1. Explain the term International Trade. Distinguish between Domestic and International Trade. [16] 2. Define Protection Trade Policy. Explain arguments for and against protection trade policy. [16] Or Explain in detail the objectives, functions and problems of SAARC. [16] P.T.O.

26 3. (A) Write a note on Euro-Dollar Market. [8] (B) Explain the objectives of North Atlantic Free Trade Agreement (NAFTA). [8] Or (A) Explain the difference between Balance of Trade and Balance of Payments. [8] (B) Explain the advantages of Flexible Exchange Rate. [8] 4. Explain the motives and effects of International Labour Migration. [16] 5. Write short notes on (any two) : [16] (i) Intra-Industrial Trade SAPTA (iii) Euro-Dollar Market (iv) Role of Multinational Corporations (MNCs). [4369]-304 2

27 (ejkbh :ikarj) osˇ % rhu rkl,dw.k xq.k % 80 lwpuk : (i) (iii) (iv) loz izðu lksmfo.ks vkoð;d vkgsrmtohdmh«vad iw.kz xq.k nðkzforkrvkoð;d R;k fbdk.kh vkœrh dk<klanhkkzlkbh ewˇ baxzth izðuif=dk igkoh- 1. ^vkarjjk"v h; O;kikj* ladyiuk Li"V djk- varxzr o vkarjjk"v h; O;kikjkrh«Qjd Li"V djk- [16] 2. lajf{kr O;kikj /kksj.kkph O;k[;k k- lajf{kr O;kikj /kksj.kkp;k cktwus o fo#º cktwus ;qfdrokn Li"V djk- [16] fdaok ^lkdz*ph mìh"vs] dk;zs o lel;k lfolrj Li"V djk- [16] 3. (v) ;qjks MkW«j cktkjkoj fvi f«gk- [8] (c) ^uk rk*ph mìh"vs Li"V djk- [8] fdaok (v) O;kikjrks«vkf.k O;ogkjrks«krh«Qjd Li"V djk- [8] (c) cn«r;k fofue;njkps Li"V djk- [8] [4369] P.T.O.

28 4. JfedkP;k vkarjjk"v h; LFk«karjkps mìsðk o ifj.kke Li"V djk- [16] 5. FkksMD;kr fvik f«gk (dks.kr;kgh nksu) % [16] (i) (iii) (iv) vkarj m ksx O;kikj lkirk (SAPTA) ;qjks MkW«j cktkj cgqjk"v h; daiu;kaph Hkqfedk- [4369]-304 4

29 Total No. of Questions 5] [Total No. of Printed Pages 8+4 Seat No. [4369]-305 T.Y. B.Com. EXAMINATION, 2013 AUDITING AND TAXATION (2008 PATTERN) Time : Three Hours Maximum Marks : 80 N.B. : (i) (iii) All questions are compulsory. Figures to the right indicate full marks. Use of calculator is allowed. 1. Explain the term Auditing. What are its types? [16] Or Explain the rights, duties and liabilities of a company auditor. 2. Write short notes on (any four) : [16] (a) (b) (c) (d) (e) (f) Vouching Verification and valuation Audit Programme Tax Audit Audit Report Problems of auditing in EDP environment. P.T.O.

30 3. What is capital gain? Explain any three deductions allowed from capital gain u/s 54. [8] Or Mr. Sandesh is the owner of two houses. House No. 1 is occupied by himself and his family and House No. 2 is let-out by him for residential purposes. The following particulars relating to the houses for the financial year are available : [8] House No. 1 House No. 2 ` ` Municipal Value 6,000 7,000 Rent ` 600 P.M. 7,200 Municipal Tax Interest on Loan taken for construction of the House Land revenue Fire Insurance Premium Repairs 1,000 1,200 Rent Collector s Salary N.A. 300 Compute his Income from House Property for the Assessment Year [4369]-305 2

31 4. (a) Miss Prachi Jadhav is the Chairman of ABC Co. Ltd. Kolkata. Her salary and other particulars for the year ending are as follows : [16] Particulars Salary D.A. (Not considered for retirement benefits) ` 60,000 p.m. 10,000 p.m. Bonus for the year 72,000 Arrears for the earlier year s bonus 10,000 Commission Profits for the year 80,000 Advance Salary for April 2013 drawn in March ,000 Employer s contribution to R.P.F. 14% of Salary Profession Tax paid by the Company Income Tax paid by the company 2,000 p.a. 15,000 p.m. Electricity Bill for the year paid by company 8,000 Fees for the attending board meetings of other companies 13,000 The company provided a car (18 H.P.) with driver which is used by her both for office and personal use. The entire expenses paid by company ` 45,000. [4369] P.T.O.

32 She has also been given a spacious bungalow free of rent. The fair rental value of the bungalow is ` 18,000 p.m. The company has also been provided with a security guard and a sweeper whose salary amounting to ` 1,600 p.m. (each) have been paid by the company. The entire bungalow is furnished with furniture coating ` 4,50,000. Determine the value of rent free house and salary income of Miss Prachi Jadhav for the Assessment Year (b) Mr. B. Wagh gives you the following particulars from his accounts for the year ended : [8] ` Net Profit as per P & L account (without charging the following items) 2,75,000 Expenditure on family planning 45,000 Lump-sum consideration for purchase of technical know-how developed in Government laboratory 90,000 Entertainment Expenditure 30,000 Expenditure on acquisition of patent right 84,000 Expenditure on advertisement paid in cash 18,000 [4369]-305 4

33 Provision for excise duty 45,000 (He paid ` 20,000 on and ` 7,000 on Due date of filing of return is ) Amount paid to Saurashtra University for an approved Research Programme in the Social Sciences not connected with his business 20,000 Compute his business profit for the year ending 31st March, Mr. Keshav Patil, a resident individual, furnishes the following information for the year ended : [16] (1) Net Salary per month ` 29,275 (2) Income Tax deducted at source ` 3,000 p.m. (3) Professional Tax deducted at source ` 225 p.m. (4) Commission (Fixed) (p.a.) ` 48,000 (5) Bonus p.a. ` 40,000 (6) Education Allowance (p.a.) (For two sons and one daughter studying in school) ` 6,600 (7) Employer s contribution to R.P.F. ` 38,400 [4369] P.T.O.

34 (8) Free car (1650 cc) facility for official and private purpose. Expenses paid by the employer ` 25,000 (9) Share of Profit from a firm ` 36,000, HUF ` 30,000 (10) Income from Business ` 15,200 (11) Income from Lottery ` 20,000 (12) He received the following : (a) Interest on Bank Deposits ` 25,000 (b) Interest on Company Deposits ` 17,000 (c) Dividend from Domestic Company ` 5,000 (d) Maturity claim of LIC ` 70,000. His Savings and Investments were as follows : (i) Contribution to RPF ` 30,000 Payment of LIC Premium ` 12,000 (iii) Medical Insurance Premium on the health of dependent father aged 65 years ` 19,000 (iv) Repayment of Higher Education Loan ` 37,000 (v) Repayment of Self-occupied housing loan (Interest ` 47,000) ` 67,000. Compute his Total Income and Tax Liability for the Assessment Year [4369]-305 6

35 (ejkbh :ikarj) osˇ % rhu rkl,dw.k xq.k % 80 lwpuk : (i) (iii) (iv) loz izðu vkoð;d vkgsrmtohdmh«vad iw.kz xq.k nðkzforkrdw«d;q«svj okij.;kl ijokuxh vkgsvkoð;d vly;kl baxzth izðuif=dk igkoh- 1. vads{k.k gh lakk Li"V djk- vads{k.kkps fofo/k izdkj lkaxk- [16] fdaok deiuh vads{kdkps vf/kdkj] dÿkzo;s o tckcnkú;k Li"V djk- 2. FkksMD;kr fvik f«gk (dks.kr;kgh pkj) % [16] (v) ikorh ifj{k.k (c) lr;kiu o ewy;kadu (d) fg- rikl.kh dk;zÿe (M) (b) dj vads{k.k vads{k.k vgok«(q) b-mh-ih- ifjflfkrhr vads{k.kkr ;s.kkú;k lel;k- 3. HkkaMo«h uqk Eg.kts dk; \ d«e 54uqlkj HkkaMo«h u ;krwu dks.kr;kgh rhu otkovh Li"V djk- [8] [4369] P.T.O.

36 fdaok Jh lansðk ;kaph Lor%P;k ek«dhph nksu jkgrh?kjs vkgsr-?kj ua- 1 rs Lor% jkgrkr o?kj ua- 2 gs HkkMÓkus jkg.;kdfjrk fn«s«s vkgs- [kk«h«?kjklaca/kh ekfgrh gh vkffkzd o"kz izek.ks vkgs % [8]?kj ua- 1?kj ua- 2 ` ` uxjikf«dk ewy;kadu 6,000 7,000 fe«k«s«s HkkMs ` 600 njegk 7,200 uxjik«hdk dj ?kjcka/k.khlkBh?ksr«sY;k dtkzojh«o;kt tfeu eglw« vfxu foek girk nq#lrh [kpz 1,000 1,200 HkkMs olw«dj.kkú;k O;Drhpk ixkj 300 Jh lansðk ;kaps x`glaiÿkh iklwups mriuu dj&fu/kkzj.k o"kz dfjrk dk<k- 4. (v) fel izkph tk/ko gh dks«drk ;sfkh«,-ch-lh- daiuhr psvjeu vkgs jksthps R;kaP;k ixkjkph o brj ekfgrh [kk«h«izek.ks vkgs % [16] rifðk«` ixkj 60,000 n-eegkxkbz HkŸkk (fuo`rh «khkklkbh fopkjkr?ksr ukgh) 10,000 n-eokf"kzd cksul 72,000 [4369]-305 8

37 vkf/kp;k o"kkzph cksul Fkdckdh 10,000 okf"kzd u ;kojh«dfeðku 80,000,fiz«2013 pk ixkj ekpz 2013 e/;s vfxze (Advance) Eg.kwu feˇk«k 60,000 Hkfo"; fuokzg fu/kh«k ek«dkps ;ksxnkuµosrukp;k 14% daiuhus O;olk; dj Hkj«k (okf"kzd) 2,000 daiuhus vk;dj Hkj«k 15,000 n-edaiuhus cht ch«hkj«s 8,000 brj daiu;kap;k fefvax«k gtj jkg.;klkbh Qh fe«k«h 13,000 daiuhus izkph tk/ko ;kauk 18 vðoðkdrhph dkj M k;ogjlg fn«h vlwu frpk okij dk;kz«;hu rlsp [kktxh nksugh dkeklkbh ds«k tkrks- eksvkjxkmhpk iq.kz [kpz ` 45,000 ek«dkus fn«kdaiuhus R;kauk eksbk cax«k eksqr iwjfo«k- R;kaps oktoh HkkMs ` 18,000 n-evkgsdaiuhus lqjf{krrslkbh lqj{kk vf/kdkjh vkf.k lqkbz dezpkjh fn«k vlwu R;kapk ixkj izr;sd ` 1,600 n-e- vkgs o rks daiuh nsrslaiq.kz cax«k QfuZpjus ltfo«s«k vlwu R;kph fdaer ` 4,50,000 vkgseksqr caxy;kps ewy; rlsp dj&fu/kkzj.k o"kz lkbh fel izkph tkëko ;kaps ixkjkiklwups mriuu dk<k- [4369] P.T.O.

38 (c) Jh ch- ok?k ;kauh vki.kkl 31 ekpz] 2013 jksthp;k fgðksciqlrdko:u [kk«h«ekfgrh fn«h vkgs % [8] uqkrksvk i=dk izek.ks uqk ([kk«h«ckch fopkjkr u gksrk) 2,75,000 dqvaqc fu;kstukojh«[kpz 45,000 ljdkjh iz;ksxðkkˇsr uohu ra=kku fodflr dsy;kcì«pk ekscn«k 90,000 euksjatukpk [kpz 30,000 isvav gdd rkc;kr?ks.;kpk [kpz 84,000 tkghjkr [kpz jks[khus fn«k 18,000,DlkbZt MÓwVhph rjrwn 45,000 (R;kus 27 twu 2012 «k ` 20,000 rj 10 uksogsacj 2012 «k ` 7,000 Hkj«s- fjvuz nk[k«dj.;kph rkjh[k 31&10&2012 vkgs-) O;olk;kðkh lacaf/kr ul«sy;k lektðkkl= fo"k;kp;k lanhkkzr eku;rkizkir lacks/ku dk;zÿeklkbh R;kus lksjk"v fo kihbk«k jdde fn«h 20, ekpz] 2013 jksthpk R;kpk O;olk;kiklwupk uqk dk<k- [4369] `

39 5. Jh dsðko ikvh«fuoklh O;fDr ;kauh v[ksjph ekfgrh [kk«h«izek.ks fn«h vkgs % [16] (1) izfregk fuoo«ixkj ` 29,275 (2) ixkjkrwu dikr ds«s«k vk;dj ` 3,000 izfr efguk (3) ixkjkrwu dikr ds«s«k O;olk; dj ` 225 izfr efguk (4) dfeðku (fqdlm) ` 48,000 izfr o"kz (5) cksul ` 40,000 izfr o"kz (6) fðk{k.k HkŸkkµðkkˇsr tk.kkjh nksu eq«s o,d eq«xh ` 6,600 izfr o"kz (7) eku;rkizkir Hkfo"; fuokzg fu/khl ek«dkus fn«s«h oxz.kh ` 38,400 (8) dk;kz«;hu o [kktxh dkekdfjrk (1650 lh-lh-) bathu {kersph dkj eksqr fn«s«h vkgs- dkjpk [kpz ek«dkus ` 25,000 fn«k (9) Hkkxhnkjh lalfksdmwu feˇk«s«k uqk ` 36,000 vkf.k fganw vfohkdr dqvaqckdmwu feˇk«s«k uqk ` 30,000 (10) O;olk;kiklwups mriuu ` 15,200 (11) «kwvjhiklwups mriuu ` 20,000 (12) R;kauk iq<h«izek.ks mriuu feˇk«s vkgs % (v) c d [kkr;kojh«o;kt ` 25,000 (c) daiuh Bsohps O;kt ` 17,000 (d) Hkkjrh; daiuhdmwu feˇk«s«k «khkkaðk ` 5,000 (M) eqnrhuarj foe;kph feˇk«s«h jdde ` 70,000. [4369] P.T.O.

40 R;kaph cpr o xaqro.kwd [kk«h«izek.ks % (i) eku;rkizkir Hkfo"; fuokzg fu/khph oxz.kh ` 30,000 vk;qfozek girk ` 12,000 (iii) R;kaP;koj vo«acwu vl.kkú;k omh«kapk vkjksx; foek girk ` 19,000 (omh«kaps o; 65 o"kz) (iv) mpp fðk{k.kkdfjrk?ksr«sy;k dtkzph ijrqsm ` 37,000 (v) fuoklh?kjklkbhp;k dtkzph ijrqsm ` 67,000 (;ke/;s O;kt ` 47,000 vkgs) dj&fu/kkzj.k o"kz ps,dw.k mriuu o djns;rk dk<k- [4369]

41 Total No. of Questions 5] [Total No. of Printed Pages 3 Seat No. [4369]-306 T.Y. B.Com. EXAMINATION, 2013 BUSINESS ADMINISTRATION Paper II (Human Resource Development and Marketing) (2008 PATTERN) Time : Three Hours Maximum Marks : 80 N.B. : All questions are compulsory. 1. Define Human Resource Planning. Explain scope of Human Resource Planning. [16] 2. (a) Define recruitment of employees. What are the sources of recruitment of employees? [16] Or (b) What is career planning? What are the objectives of career planning? [16] 3. (a) What is the procedure of performance appraisal? [8] (b) What are the types of marketing segmentation? [8] Or (a) State importance of product development. [8] (b) What are the advantages of trade marks? [8] P.T.O.

### Paper 5- Financial Accounting

Paper 5- Financial Accounting Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 5- Financial Accounting Full Marks:100 Time allowed:

### ACCOUNTING FOR MANAGERS MBA/DCC 102

Nature and scope of Accounting ACCOUNTING FOR MANAGERS MBA/DCC 102 Accounting may be regarded as an art of recording, classifying and summarizing of money transactions and events Accounting may be regarded

### SAMPLE QUESTION PAPER IN ACCOUNTANCY. Time: Three Hours Maximum Marks: 100

SAMPLE QUESTION PAPER IN ACCOUNTANCY Time: Three Hours Maximum Marks: 100 Note: The question paper is divided into two sections A and B. Attempt all questions of Section A and any one question of Section

### TRADING ACCOUNT (Horizontal Format) for the year ended. Particulars. Rs.

Dr. To Opening Stock To Purchases Less: Returns outwards () To Frieght & Carriage To Customs & Insurance To Wages To Gas, Water & Fuel To Factory Expenses To Royalty on Production To Cargo Expenses To

### Coimisiún na Scrúduithe Stáit State Examinations Commission

2007. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION, 2007 A C C O U N T I N G - H I G H E R L E V E L (400 marks) This paper is divided into 3 Sections:

### CASH FLOW STATEMENT. MODULE - 6A Analysis of Financial Statements. Cash Flow Statement. Notes

MODULE - 6A Cash Flow Statement 30 CASH FLOW STATEMENT In the previous lesson, you have learnt various types of analysis of financial statements and its tools such as comparative statements, common size

### 00181 December, No. of Printed Pages : 7 MHY-012. MBA IN INTERNATIONAL HOSPITALITY MANAGEMENT (MBA IHM) Term-End Examination

No. of Printed Pages : 7 MHY-012 MBA IN INTERNATIONAL HOSPITALITY MANAGEMENT (MBA IHM) Term-End Examination 00181 December, 2014 MHY-012 : ACCOUNTING FOR MANAGERS Time : 3 hours Maximum Marks : 100 Note

### COST AND MANAGEMENT ACCOUNTING

EXECUTIVE PROGRAMME COST AND MANAGEMENT ACCOUNTING SAMPLE TEST PAPER (This test paper is for practice and self study only and not to be sent to the institute) Time allowed: 3 hours Maximum marks : 100

### FINANCIAL STATEMENTS-II

MODULE - 3 15 FINANCIAL STATEMENTS-II You have learnt that Income Statement i.e. Trading & Profit and Loss Account and Position Statement i.e., Balance Sheet are two financial statements, which are prepared

### UNIVERSITY EXAMINATIONS COURSE TITLE: FINANCIAL ACCOUNTING DATE: 19/08/2010

KABARAK UNIVERSITY UNIVERSITY EXAMINATIONS /2010 ACADEMIC YEAR FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION COURSE CODE: ACCT 510 COURSE TITLE: FINANCIAL ACCOUNTING STREAM: DAY: TIME: MBA THURSDAY

### Lesson-13. Elements of Cost and Cost Sheet

Lesson-13 Elements of Cost and Cost Sheet Learning Objectives To understand the elements of cost To classify overheads on different bases To prepare a cost sheet Elements of Cost Raw materials are converted

### Accounting for Branches Including Foreign Branch Accounts

9 Accounting for Branches Including Foreign Branch Accounts BASIC CONCEPTS Types of branches Dependent branches Independent branches Based on accounting point of view, branches may be classified as follows:

### B. Division of Costs The purpose of a Manufacturing Account is to ascertain Cost of Production ( ).

Manufacturing Accounts ( ) S5 Manufacturing Account/LWL A. Function of a Manufacturing Acccount For those businesses which deal with manufacturing products. It is common in today s business to act both

### FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING FORMATION 2 EXAMINATION - AUGUST 2012 NOTES: You are required to answer Question 1. You are also required to answer any three out of Questions 2 to 5. (If you provide answers to all

### Institute of Certified Management Accountants of Sri Lanka

Copyright Reserved Serial No Technician Stage September 2011 Examination Examination Date : 17 th September 2011 Number of Pages : 07 Examination Time: 9.30 a:m.- 12.30 p:m. Number of Questions: 06 Instructions

### CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS)

CA CPT SAMPLE PAPER FUNDAMENTAL ACCOUNTING (60MARKS) 1. Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable? (a)

### Insurance Claim For Loss of Stock and Loss of Profit

Insurance Claim For Loss of Stock and Loss of Profit Insurance Claim Loss of Stock. Loss of Profit (Consequentia l Loss). Calculation of Loss of Profit. Insurance Contract is contract of indemnity. Under

### COST AND MANAGEMENT ACCOUNTING

COST AND MANAGEMENT ACCOUNTING 1. Re-ordering level is equal to (a) Maximum consumption x minimum re-order period (b) Maximum consumption x maximum re-order period (c) Minimum consumption x minimum re-order

### PREPARING FINAL ACCOUNTS. part

15_1312MH_CH09 27/1/05 8:38 am Page 87 PREPARING part 3 FINAL ACCOUNTS 9 The final accounts of sole traders 10 Accounting principles, concepts and policies 11 Depreciation and fixed assets 12 Bad debts

### 110 Questions(with Answers) On Accounting Basics FREE E-book from http://basiccollegeaccounting.com

(http://basiccollegeaccounting.com) Dedicated to helping Students & Teachers NOTE: 110 Questions & Answers on True Or False on Accounting Basics ACCOUNTING CONCEPTS & DOUBLE ENTRY SYSTEM True False 1.

### Company Accounts, Cost and Management Accounting

Company Accounts, Cost and Management Accounting Roll No : 1 : 262 Time allowed : 3 hours Maximum marks : 100 Total number of questions : 8 Total number of printed pages : 8 NOTE : All working notes should

### Paper 2 Accounting (Syllabus 2008)

Section A- FINANCIAL ACCOUNTING 1. Which of the following is not a Fixed Asset? (a) Building (b) Bank balance (c) Plant (d) Goodwill [Hints: (b) Fixed asset is an asset held with the intention of being

### FINANCIAL STATEMENTS-I

14 FINANCIAL STATEMENTS-I You have learnt the meaning of the financial statements and the need to prepare these for the business organisations. You have also learnt the format of these statements and the

### Coimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate 2014. Marking Scheme. Accounting. Higher Level

Coimisiún na Scrúduithe Stáit State Examinations Commission Leaving Certificate 2014 Marking Scheme Accounting Higher Level Note to teachers and students on the use of published marking schemes Marking

### Paper 7- Direct Taxation

Paper 7- Direct Taxation Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper 7- Direct Taxation Full Marks:100 Time allowed: 3 hours

### CENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION)

CENTRE FOR CONTINUING EDUCATION BBA (AVIATION OPERATION) BATCH: SEMESTER: NAME: ROLL NO: ASSIGNMENT 1 & 2 FOR BUSINESS ACCOUNTING BBCF 131 UNIVERSITY OF PETROLEUM & ENERGY STUDIES Assignment-1 Note: All

### Assignment Questions for M.Com. Part I (Sem. II) Mar./Apr. 2016

Assignment Questions for M.Com. Part I (Sem. II) Mar./Apr. 2016 Instructions for Assignment Submission Please note following instructions for submission of Assignments: 1. These assignments should be submitted

### CHAPTER 4. Final Accounts

CHAPTER 4 Final Accounts Meaning Preparation of final account is the last stage of the accounting cycle. The basic objective of every concern maintaining the book of accounts is to find out the profit

### UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education

*0018636067* UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/13 Paper 1 October/November 2013 Candidates answer on the Question

### ACCOUNTING 1 (ACN101- M)

1 ACCOUNTING 1 (ACN101- M) STUDY UNIT 1: THE NATURE AND FUNCTION OF ACCOUNTING DEFINITION: Accounting can be defined as the orderly & systematic recording of the monetary values of financial transactions

### MBA (3rd Sem) 2013-14

310/MBA(I) MBA/28/FM-301/T/ODD/13-14 2013-14 MBA (3rd Sem) Paper Name : Corporate Taxation and Tax Planning Paper Code : FM-301 Full Marks : 70 Time : 3 Hours The figures in the right-hand margin indicate

### 6. Show all your workings. icpar

CERTIFIED PUBLIC ACCOUNTANT FOUNDATION LEVEL 1 EXAMINATION F1.3: FINANCIAL ACCOUNTING MONDAY: 10 JUNE 2013 INSTRUCTIONS: 1. Time Allowed: 3 hours 15 minutes (15 minutes reading and 3 hours writing). 2.

### ACCOUNTANCY One mark questions 1. Final accounts with adjustments

ACCOUNTANCY One mark questions 1. Final accounts with adjustments 1. Net profit arrived from profit and loss account is transferred to 2. Closing stock is valued at cost price or whichever is less 3. Outstanding

### Paper P6 (ZAF) Advanced Taxation (South Africa) Friday 7 December 2012. Professional Level Options Module

Professional Level Options Module Advanced Taxation (South Africa) Friday 7 December 2012 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper is divided into two sections: Section

### INTERNATIONAL ACCOUNTING STANDARDS. CIE Guidance for teachers of. 7110 Principles of Accounts and. 0452 Accounting

www.xtremepapers.com INTERNATIONAL ACCOUNTING STANDARDS CIE Guidance for teachers of 7110 Principles of Accounts and 0452 Accounting 1 CONTENTS Introduction...3 Use of this document... 3 Users of financial

### Large Company Limited. Report and Accounts. 31 December 2009

Registered number 123456 Large Company Limited Report and Accounts 31 December 2009 Report and accounts Contents Page Company information 1 Directors' report 2 Statement of directors' responsibilities

### Grade 10 Accounting Notes SET 2: Basics Cash Retail Business Cash Transactions. Name: JCansfield Page 1 of 27

Grade 10 Accounting Notes SET 2: Basics Cash Retail Business Cash Transactions Name: JCansfield Page 1 of 27 Accounting Cycle The Accounting cycle takes place over 12 months. We refer to this as the Financial

### INSTITUTE OF ACTUARIES OF INDIA. CT2 Finance and Financial Reporting MAY 2009 EXAMINATION INDICATIVE SOLUTION

INSTITUTE OF ACTUARIES OF INDIA CT2 Finance and Financial Reporting MAY 2009 EXAMINATION INDICATIVE SOLUTION General guidelines to markers: The solutions provided here are indicative ones. Please award

### Accounts from Incomplete Records

CHAPTER 9 Accounts from Incomplete Records LEARNING OBJECTIVES After studying the chapter, you will be able to: state the meaning of incomplete records; distinguish between Balance Sheet and Statement

### 1 What do you think of the functions performed by the business managers in order to accomplish the organizational goals?

Question Paper Code :GMB11T01 MANAGEMENT AND ORGANIZATIONAL BEHAVI0R 1 What do you think of the functions performed by the business managers in order to accomplish the organizational goals? 2 The variety

### CONTENTS. Kevin O Riordan 2000 ISBN 1841 31 3750. Folens Publishers, Hibernian Industrial Estate, Greenhills Road. Tallaght, Dublin 24.

CONTENTS Chapter 2: Double-Entry Book-keeping and the Trial Balance... 1 Chapter 3: Profit Measurement and Balance Sheet Preparation... 5 Chapter 4: Value Added Tax and Statutory Deductions... 8 Chapter

### DE 4267 DISTANCE EDUCATION M.B.A (LM) DEGREE EXAMINATION, MAY 2012. First Semester MANAGEMENT CONCEPT. (2011 Academic Year Onwards)

DE 467 11 DISTANCE EDUCATION M.B.A (LM) DEGREE EXAMINATION, MAY 01. First Semester MANAGEMENT CONCEPT (011 Academic Year Onwards) Time : Three hours Maximum : 100 marks SECTION A (5 8 = 40 marks) Answer

### UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION

UNIVERSITY OF CALICUT SCHOOL OF DISTANCE EDUCATION B Com/BBA (2011 Admn. Onwards) II SEMESTER CORE COURSE FINANCIAL ACCOUNTING QUESTION BANK 1) Outstanding expenditure is a account. a) Nominal b) Personnel

### SOLE TRADER FINAL ACCOUNTS

6 SOLE TRADER FINAL ACCOUNTS CASE STUDY Starting out in business Olivia Boulton used to work as a buyer of kitchen and cookware goods for a large department store in central London. She was good at her

### GRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12

GRAAD 12 NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING NOVEMBER 2010 MARKS: 300 TIME: 3 hours This question paper consists of 21 pages and an answer book of 19 pages. Accounting 2 DBE/November 2010 INSTRUCTIONS

### Shree Guru Kripa s Institute of Management

COST ACCOUNTING & FINANCIAL MANAGEMENT Reg. No.. Total Number of Printed Pages: 5 Date: 30.03.2016 Maximum Marks: 100 Question 1 is compulsory (4 5 = 20 Marks). Answer any 5 from the remaining 6 (16 5

### LOYOLA COLLEGE (AUTONOMOUS), CHENNAI

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI 600 034 B.com. DEGREE EXAMINATION COMMERCE SIXTH SEMESTER NOVEMBER 2013 CO 6605 MANAGEMENT ACCOUNTING Date : 09/11/2013 Dept. No. Max. : 100 Marks Time : 1:00-4:00

### Small Scale Industries. Application Form For Credit Facilities of over Rs. 50 lacs & upto Rs. 5 crores

Small Scale Industries Annexure SSI /3 Application Form For Credit Facilities of over Rs. 50 lacs & upto Rs. 5 crores 1.1 Name of the Unit (In block letters) 1.2 Constitution: (Proprietary / Partnership

### BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the

INTERNATIONAL DIPLOMA PROGRAM ON BUSINESS BOOKKEEPING & ACCOUNTS Designed to produce bookkeeping and accounts personnel trained in the MODERN PRACTICAL METHODS OF ACCOUNTING Trained and competent bookkeeping

### Paper 2: Accounting _Syllabus 2008

TRIAL BALANCE and RECTIFICATION OF ERRORS Practice paper 2 1. Which of these errors does not affect agreement of Trial Balance. a) Errors of principle. b) Complete omission in subsidiary books. c) Compensating

### (i) Going Concern Concept; (iv) Convention of Full Disclosure (v) Convention of Consistency; (vi) Concepts of Accounting;

B.COM. PartI (HONS.) Sub. : CORPORATE AND FINANCIAL ACCOUNTING MODAL PAPERI Time Allowed: 3 Hour Max. Marks: 100 Q.1 Write short notes on the following: (i) Fundamental Accounting Assumptions; (ii) Functions

### WORKING CAPITAL MANAGEMENT

CHAPTER 9 WORKING CAPITAL MANAGEMENT Working capital is the long term fund required to run the day to day operations of the business. The company starts with cash. It buys raw materials, employs staff

### Allocation of the Syllabus and Question Paper Pattern of Courses of B.Com. Programme at T.Y.B.Com. Semester V and VI

University of Mumbai Allocation of the Syllabus and Question Paper Pattern of Courses of B.Com. Programme at T.Y.B.Com. Semester V and VI Under Credit, Grading and Semester System With Effect from Academic

### 1 Define Management. Explain Mintzberg Managerial Roles. 12M

Question Paper Code :GMB11T01 MANAGEMENT AND ORGANIZATIONAL BEHAVI0R 1 Define Management. Explain Mintzberg Managerial Roles. 2 Define Social Responsibility. Explain the Arguments for and against Social

### CHAPTER 12. Cost Sheet ( or) Statement of Cost ELEMENTS OF COST

CHAPTER 12 Cost Sheet ( or) Statement of Cost Introduction ELEMENTS OF COST Elements of cost are necessary to have a proper classification and analysis of total cost. Thus, elements of cost provide the

### NOTES TO ASSIST COMPLETION OF BUSINESS QUESTIONNAIRE

NOTES TO ASSIST COMPLETION OF BUSINESS QUESTIONNAIRE Never change company shareholding without conferring with us because there are tax implications. Please note the following comments 1. Cars If you sell

### Small Scale Industries. Application Form For credit facilities of over Rs. 10 lacs & up to Rs. 50 lacs

Annexure SSI /2 Small Scale Industries Application Form For credit facilities of over Rs. 10 lacs & up to Rs. 50 lacs 1. Name of the Unit: (In block letters) 1.2 Constitution: (Proprietary / Partnership

### Teacher Resource Bank

Teacher Resource Bank GCE Accounting Other Guidance: Layouts and Formulae ACCN1: Layouts ACCN2: Layouts and Formulae ACCN4: Layouts and Formulae (Updated July 2012) The Assessment and Qualifications Alliance

### You have learnt about the financial statements

Analysis of Financial Statements 4 You have learnt about the financial statements (Income Statement and Balance Sheet) of companies. Basically, these are summarised financial reports which provide the

### (a) (i) Marking Scheme: 1 mark for definition and 1 mark for example.

T A S M A N I A N Accounting C E R T I F I C A T E Subject Code ACC5C O F E D U C A T I O N Question 1 T A S M A N I A N Q U A L I F I C A T I O N S A U T H O R I T Y (a) (i) Marking Scheme: 1 mark for

### Small Company Limited. Report and Accounts. 31 December 2007

Registered number 123456 Small Company Limited Report and Accounts 31 December 2007 Report and accounts Contents Page Company information 1 Directors' report 2 Accountants' report 3 Profit and loss account

### Process Accounts Payable and Receivable

Process Accounts Payable and Receivable UNIT PURPOSE On successful completion of this unit the learner will be able to maintain financial records of a business using both manual accounting processes and

### POST-GRADUATE DIPLOMA IN FINANCIAL MANAGEMENT SYLLABUS FOR PART-I

BANGLADESH INSTITUTE OF MANAGEMENT POST-GRADUATE DIPLOMA IN FINANCIAL MANAGEMENT SYLLABUS FOR PART-I Evaluation Criteria: Class Attendance : 10% Class Test : 20% Final Examination : 70% Name of Subject:

### Part I : Taxation. assistant in a firm located at remote area D. Required: Various exemptions and rebates available to her under Income Tax Act.

Fundamentals of Taxation and Auditing BBS 3 rd year Model Question Full Marks: 100 Pass Marks : 35 Time : 3 hrs Candidates are required to give their answer in their own words as far as practicable. The

### SEC Syllabus (2017) Accounting ACCOUNTING SEC 01

SEC SYLLABUS (2017) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand

### Processing accounting information

Chapter 2 Processing accounting information This chapter covers briefly the following topics: Double entry bookkeeping and ledger accounts The debit and credit rules Recording transactions Balancing off

### Q6] The process of recording financial data upto trial balance is a) Book keeping b) Classifying c) Summarising d) Analyzing

MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] Which accounting concept satisfy the valuation criteria A] Going concern, Realisation, Cost b) Going concern, Cost, Dual aspect c) Cost, Dual aspect, Conservatism

### Foundations in Financial Management (FFM) September 2016 to June 2017

Foundations in Financial Management (FFM) September 2016 to June 2017 This syllabus and study guide is designed to help with teaching and learning and is intended to provide detailed information on what

### Accounting. Financial Accounting: Published Final Accounts and Issues of Shares Pack [ADVANCED HIGHER] Anne Duff. abc

Accounting Financial Accounting: Published Final Accounts and Issues of Shares Pack [ADVANCED HIGHER] Anne Duff abc The Scottish Qualifications Authority regularly reviews the arrangements for National

### Shri J. H. Bhaldoia Women s College Rajkot B.Com. Sem. IV Contract Costing Dr. Kamlesh S. Dave

Shri J. H. Bhaldoia Women s College Rajkot B.Com. Sem. IV Contract Costing Dr. Kamlesh S. Dave Some Important Terms [1] Contractee : Who gives the contract. [2] Contractor : Who takes the contract. [3]

### UNIT 7 CASH AND FUNDS FLOW STATEMENTS MODULE - 2

UNIT 7 CASH AND FUNDS FLOW STATEMENTS MODULE - 2 UNIT 7 CASH AND FUNDS FLOW STATEMENTS Structure 7.0 Introduction 7.1 Unit Objectives 7.2 Meaning of Cash Flow Statement 7.3 Preparation of Cash Flow Statement

### Reconciliation of Cost and Financial Accounts

CHAPTER 25 Reconciliation of Cost and Financial Accounts Meaning In business concern where Non-integrated Accounting System is followed. cost and financial accounts are maintained separately, the difference

### Assessment Schedule 2010 Accounting: Prepare financial statements and related accounting entries for sole proprietors (90224)

NCEA Level 2 Accounting (90224) 2010 page 1 of 7 Assessment Schedule 2010 Accounting: Prepare financial statements and related accounting entries for sole proprietors (90224) Evidence Statement ONE Part

### Accounting, CPT Chapter 6 CA PRATHAP SS

Accounting, CPT Chapter 6 CA PRATHAP SS INTRODUCTION Preparation of Final Accounts is the last phase of the Accounting Process. INTRODUCTION The process of accounting starts from Transaction then entered

### GRADE 11 NOVEMBER 2012 ACCOUNTING

Province of the EASTERN CAPE EDUCATION NATIONAL SENIOR CERTIFICATE GRADE 11 NOVEMBER 2012 ACCOUNTING MARKS: 300 TIME: 3 hours This question paper consists of 16 pages. 2 ACCOUNTING (NOVEMBER 2012) INSTRUCTIONS

### National Occupational Standards in Accounting

National Occupational Standards in Accounting 2 ACCOUNTANCY OCCUPATIONALS STANDARDS GROUP (AOSG) Contents Introduction to the Accounting Standards...4 Accounting Qualification Framework...6 Accounting

### (AA11) FINANCIAL ACCOUNTING BASICS

All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JANUARY 2016 (AA11) FINANCIAL ACCOUNTING BASICS Instructions to candidates (Please Read Carefully): (1) Time allowed:

### Welcome to workshop on revised schedule VI. K. Chandra Sekhar Company Secretary Ace Designers Limited, Bangalore

Welcome to workshop on revised schedule VI K. Chandra Sekhar Company Secretary Ace Designers Limited, Bangalore 1 Relevant provisions Indian Companies Act, 1956 Rules Notifications Circulars Accounting

### JUNIOR CERTIFICATE 2008 MARKING SCHEME BUSINESS STUDIES HIGHER LEVEL PAPER 2

JUNIOR CERTIFICATE 2008 MARKING SCHEME BUSINESS STUDIES HIGHER LEVEL PAPER 2 Junior Certificate Examination 2008 Business Studies Higher Level Paper 2 Marking Scheme and Support Notes for use with the

### ACCOUNTING FOR BUSINESS TRANSACTIONS

MODULE - 1 4 ACCOUNTING FOR BUSINESS TRANSACTIONS You visit the shop of a person known to you and observe the activities he/ she is doing. He/she is selling goods for cash and on credit, collecting payments,

### Company Taxation. There is no difference in treatment in determining the profits and income from any source of a company.

Company Taxation There is no difference in treatment in determining the profits and income from any source of a company. 1 Calculation of a tax payable for a company 1. Tax on Income taxable at special

### Paper F3. Financial Accounting. Specimen Exam applicable from June 2014. Fundamentals Level Knowledge Module

Fundamentals Level Knowledge Module Financial Accounting Specimen Exam applicable from June 2014 Time allowed: 2 hours This paper is divided into two sections: Section A ALL 35 questions are compulsory

### FORM A FORM OF BALANCE-SHEET

FORM A FORM OF BALANCE-SHEET CAPITAL AND LIABILITIES Rs.P.Rs.P. I. CAPITAL Authorised Capital... Subscribed Capital... (iii) Amount called up On...Shares at Rs...each less called unpaid On...Shares at

### WIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016

WIPRO DOHA LLC FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED MARCH 31, 2016 WIPRO DOHA LLC BALANCE SHEET (Amount in ` except share and per share data, unless otherwise stated) As at March 31, 2016

### Paper P1 Performance Operations Post Exam Guide March 2011 Exam. General Comments

General Comments Performance overall in March 2011 was comparable to the September 2010 diet. While the pass rate was acceptable, it could have been significantly improved if candidates had worked through

### Article Accounting Terminology

Article Accounting Terminology Contents Page 1. Accounting Period... 4 2. Accounts Payable (Sundry Creditors)... 4 3. Accounts Receivable (Sundry Debtors)... 4 4. Assets... 4 5. Benchmarks... 4 6. B.O.S.

### SEC Syllabus (2015) Accounting SEC SYLLABUS (2015) ACCOUNTING SEC 01 SYLLABUS

SEC SYLLABUS (2015) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand

### (CAS-4) COST ACCOUNTING STANDARD ON COST OF PRODUCTION FOR CAPTIVE CONSUMPTION

(CAS-4) COST ACCOUNTING STANDARD ON COST OF PRODUCTION FOR CAPTIVE CONSUMPTION Cost Accounting Standards Board The following is the text of the COST ACCOUNTING STANDARD 4 (CAS-4) issued by the Council

### click here Exclusion of Liability and Disclaimer

This is an excerpt from Lawpack s book Understanding Accounts Made Easy. To find out more business accounting secrets and expert guidance on understanding accounts, click here. Understanding Accounts Made

### COST ACCOUNTING STANDARD ON OVERHEADS

COST ACCOUNTING STANDARD ON OVERHEADS The following is the text of the COST ACCOUNTING STANDARD 3 (CAS- 3) issued by the Council of the Institute of Cost and Works Accountants of India on Overheads. The

### IGCSE Business Studies revision notes Finance Neil.elrick@tes.tp.edu.tw

IGCSE FINANCE REVISION NOTES Table of contents Table of contents... 2 SOURCES OF FINANCE... 3 CASH FLOW... 5 HOW TO CALCULATE THE CASH BALANCE... 5 HOW TO WORK OUT THE CASH AVAILABLE TO THE BUSINESS...

### Statistical release P6421

Statistical release (Preliminary) Embargoed until: 2 December 2010 9:00 Enquiries: User Information Services 012 310 8600/8351 1 Table of contents 1. Summary of findings for the year 2009...2 Figure 1

### 6.3 PROFIT AND LOSS AND BALANCE SHEETS. Simple Financial Calculations. Analysing Performance - The Balance Sheet. Analysing Performance

63 COSTS AND COSTING 6 PROFIT AND LOSS AND BALANCE SHEETS Simple Financial Calculations Analysing Performance - The Balance Sheet Analysing Performance Analysing Financial Performance Profit And Loss Forecast

### 2) Inter firm comparison objectives Pre requisites of inter firm comparison Advantages and Limitations

B.A.F. / THIRD YEAR - VTH SEMESTER (REVISED) COST ACCOUNTING PAPER III 1) Uniform costing and Inter firm comparison Meaning and need for uniform costing Essentials for success of uniform costing Advantages

### Export Business Plan Guide

Export Business Plan Guide Table of Contents Introduction... 4 SECTION 01: CURRENT SITUATION ANALYSIS... 5 Company Overview... 5 Availability of Resources... 6 SWOT Analysis... 9 SECTION 02: MARKET ANALYSIS...

### NATIONAL SENIOR CERTIFICATE GRADE 12

NATIONAL SENIOR CERTIFICATE GRADE 12 ACCOUNTING FEBRUARY/MARCH 2013 MEMORANDUM MARKS: 300 MARKING PRINCIPLES: 1. Penalties for foreign items are applied only if the candidate is not losing marks elsewhere

### National Quali cations SPECIMEN ONLY

N5 SQ01/N5/01 National Quali cations SPECIMEN ONLY Accounting Date Not applicable Duration 1 hour and 30 minutes Total marks 100 Section 1 60 marks Attempt BOTH questions. Section 2 40 marks Attempt ALL

### AM01 Syllabus (2017): Accounting AM SYLLABUS (2017) SYLLABUS

ACCOUNTING AM SYLLABUS (2017) AM01 SYLLABUS 1 Accounting AM01 Syllabus (Available in September) Paper I (3 hrs) + Paper II (3 hrs) Introduction The syllabus builds on the topics set for the SEC Examination