58 Bcom3

(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$$ V> $.
3.
Rights of Bailee.
$$ $$MP M$P$.
4.
Minor.
$O.
5.
Duties of seller.
A$M#$ $$.
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?

2
(DBC 31)
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.
3
(DBC 31)
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$P$ â^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?
(DBC 31)
(DBC32)
Part II Commerce
Paper III INCOME TAX AND PRACTICAL AUDITING
Time : Three hours
Maximum : 100 marks

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 M

i$$$ M$V$$$.
(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$> *. 7,000.
(d)
Travelling allowance Rs. 9,000.
{*# A$ *. 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 as
under :
House I
House II
Rs.
Date of construction
Rs.
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
20,000
Annual charge
1,000
800
Interest on loan for construction
5,000
3,000
Repairs
9,000
7,000
3,00,000
2,00,000
Expenses paid :
Amount borrowed for house construction
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
$$M$O A $
30,000
38,000
{*M A
56,000
20,000
(DBC32)
V I
V II
*.
*.
^_ Q$a$ :
M bj
1,000
800
V > $$O yz
5,000
3,000
$>$$
9,000
7,000
3,00,000
2,00,000
V >M $$$$
2008&09 $ > $$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
(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
1,20,000
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 $$
1,20,000
(f)
Hf $y
80,000
(g)
M y^ $> yz (*)
12,000
(h)
W AM$ C_a Cs $y A
20,000
(i)
V> M$ $y t
60,000
(j)
R $y A
17,000
3
(DBC32)
8.
The following are the particulars of income of Mr. Pavan for the previous year 2007-08.
Compute his Takable income if he is
2007&2008 V >M _ } $$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
MZ 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.
To salaries
To general expenses
To printing
25,000 By Gross profit

5,000 By interest in bank deposits
500 By Dividends (gross)
To car expenses
12,000 By income from house property
To depreciation
14,000
To advertisements
Rs.
88,000
3,000
6.000
5,000
2,000
4
(DBC32)
Rs.
Rs.
To provision for taxes
4,000
To bad debts
2,000
Net profit
37,500
10,20,00
(a)
(b)
(c)
10,20,00
Salary includes proprietors salary for the year Rs. 12,000.

50% of car expenses to be charged his personal.
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$
To *$
To $${
25,000
5,000
500
To M>$ $
12,000
To $V$
14,000
To {Mr$
2,000
To $ MM$ H>r$
4,000
To > M$
2,000
To M
37,500
*.
By *
88,000
By M$ yhrO yz
3,000
By yyy$ (*)
6,000
By V $y B$
5,000
10,20,000
10,20,000
A# >$
10.
(a)
iZ $f* $$M$ i$$ {M $M$ $$$$ *. 12,000 $ M E.
(b)
M>$ $$$Z 50% $f* yM>$V> ^
(c)
Ay$ JM $$$M$ *. 10,000 M$ >$$V> Câ$.
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 :
Balanced b/d
Rs.
Rs.
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
(DBC32)
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$ BV> #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$$$
25,250
*s$ M>$
1,20,000
{^$ k
55,000
M>$ Q$a$
6,000
^$ k
24,000
i$
4,600
{$ M*s Oyz
4,500
y A
1,600
V $y A
3,600
Q$a$
300
Q$a$
11,800
i * {$$
3,000
M$ A O yz
500
P s yhs
M {M yhs
30,000
c/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%.

6
(DBC32)
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$$, W#$ â^$$$.

18.
Auditor is a watch dog but not blood-hound; Comment.
"Byr M> M$MPM>, rM$MP M>$' & R^$$$.
(DBC32)
(DBC 33)
Part II Commerce
Paper III COST AND MANAGEMENT ACCOUNTING
Time : Three hours
Maximum : 100 marks

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 $$.
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
30,000
Work in progress
24,000
Finished goods
1,20,000
1,10,000
Purchases
9,00,000
Wages
5,00,000
Factory overheads
2,00,000
50,000
Administration overheads
Selling and distribution overheads
30,000
20,00,000
Sales
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
10
Issued 200 units
16
21
Issued 300 units
24
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
250 $*r$ JMPMPs *. 10 ^ M$
400 $*r$ JMPMPs *. 12 ^ M$

2
(DBC 33)
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
Rs.
Share capital
50,000
Reserve
1,20,000
Assets
Rs.
2006
2007
Rs.
Rs.
90,000 Fixed assets 1,00,000 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
*.
*.
s$*
50,000 90,000
f$
1,20,000 70,000
y^$
30,000 40,000
{$ A$
40,000 20,000
2,40,000 2,20,000
12.
B$$
>$$
$M$
$${V$$
V$
2006
2007
*.
*.
1,00,000 1,20,000
80,000 60,000
40,000 30,000
20,000 10,000
2,40,000 2,20,000
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.
To Opening stock
10,000 By Sales
To Purchases
55,000 By Closing stock
To Gross profit
50,000
1,15,000
3
Rs.
1,00,000
15,000
1,15,000
(DBC 33)
Rs.
To Administrative expenses
Rs.
15,000 By Gross profit
To Interest
50,000
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$M>$
To M$V$
55,000
By $$W# $M$
To *
50,000
1,15,000
To Q$a$
15,000
To yz
1,00,000
15,000
1,15,000
By *
50,000
3,000
To A$M# Q$a$
12,000
To M
20,000
50,000
50,000
Answer any THREE of the following questions.
13.
In a factory there are two service departments S1 and S 2 and three production departments
P1 , P2 and P3 . In 2008 departmental expenses were :

Departments
Rs.
P1
P2
S1
P3
S2
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
P1
P2
P3
S1
S2
S1
30%
40%
15%
15%
S2
40%
30%
25%
5%
Prepare a statement showing the distribution of two services departments expenses to the
three departments by repeated distribution method.
4
(DBC 33)
JM MZ S1 $$$ S2 A$ y$ V>$ P1 , P2 $$$ P3 A$ $*y$ E V>$ E$$.

2008 Z A$$ V>$ Q$a$.
P1
P2
P3
S1
S2
V>$ :
*.
6,50,000 6,00,000 5,00,000 1,20,000 1,00,000
V> Q$a$ V$ C_a > {M> Ms$$^ $.

V$$$
E V$$
V$$
P1
P2
P3
S1
S2
S1
30%
40%
15%
15%
S2
40%
30%
25%
5%
y$ V> Q$a$ $*y$ E V>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~>#
$
23 l E$ 8 V.$
g { :
$ 4 lO ${ 5 V.$
g N$$
C_a $# Q 808
E ^ $# Q 718
VrM$ *. 2
r$
VrM$ 10
A$$_ M>
B ^ M>Z 50%
Z$
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
5
(DBC 33)
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 ended
31.3.2007.
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
6
(DBC 33)
{$
Hy st
$M$ $f*
{$ A$
^Z V$
>$$
17.
2:1
1:1
1:5
*. 3,60,000
*. 15,000
*. 6,00,000
Prepare the Comparative Income Statement from the following information :

2006
2007
Particulars
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
2,20,000
Less : 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
12,00,000
Less : A$M $M$ $
6,00,000
9,00,000
* $$ (M>M)
2,00,000
3,00,000
Less : BsV Q$a$
60,000
80,000
1,40,000
2,20,000
Less : C Q$a$
40,000
20,000
$ ^^M $$$ M
1,00,000
2,00,000
Less : 50% r$ B$# $
50,000
1,00,000
$ ^_ $ M
50,000
1,00,000
18.
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
10,000
Completed stock in hand on 1.1.2007
Nil
7
(DBC 33)
Rs.
35,000
1,89,000
Completed stock in hand on 31.12.2007

Sales
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 labour
by 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 $s$
35,000
31.12.2007 s $s$
4,900
$s$ M$V$
52,500
{ $
95,000
Mt Q$a$
17,500
Q$a$
10,000
Nil
1.1.2007 ^Z E N$$ $M$

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 $$MP Ky $ V Z JM V> Eyrr$ _, 2007 Z rO
_, A M > ârr$ Ms $ $# M$ *$ ^$$$$.
(DBC 33)
(DBC 34)
Part II Commerce
Paper III BUSINESS CORRESPONDENCE AND
REPORT WRITING
Time : Three hours
Maximum : 100 marks
1.
Oral communication.
SM *^.
2.
Print media.
{^$ $>y*.
3.
Downward communication.
V$$$Q M$*M.
4.
Grapevine.
{VO.
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$ â^y.
2
(DBC 34)
11.
How can we make effective use of body language?
E*W$ $ H V> {V>

*$ ^$V$?
12.
What is a business report? Discuss its various

types.
M AV> $? $$MP *$
â^y.
13.
Why is communication so important in business

organisation?
Z
$#$$?
14.
*^$$
G$M$
$$Q*
Discuss some of the problems caused by strictly

adhering
to
the
practice
of
downward
communication.
V$$$Q *^$$ Q_aV> A$^y

M$V$ C$$ â^y.
3
(DBC 34)
15.
Discuss the merits and demerits of centralised and

decentralised communication patterns. Give
examples.
M{$ $$$ M{$ *^ M> $

$$$ t$ â^y. Ey.
16.
Describe
the
factors
responsible
miscommunication in business organisation.
for
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.
(DBC 34)
(DBC 35)
Part II Commerce
Paper III BUSINESS DATA PROCESSING
SYSTEMS
Time : Three hours
Maximum : 100 marks
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$$$$? O$ ^$ H
$$ ^$$$.
3.
Explain how do you create a data base file.
JM ys $ O$ G ^$$ ^$$$.
4.
Distinguish
commands.
between
INDEX
and
SORT
INDEX $$$ 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

^$$#?
2
(DBC 35)
10.
Explain how do you change the file structure.
O > G *$a$ #$$.

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.
$$ {s MM$
$$V> ^$$$.
14.
M*y$
$V*
Explain how to create label forms and print them.

Explain formatted commands.
$ G ^ $$$ {r$ ^$$

#$$. "sy M*y$' #$$.
3
(DBC 35)
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' â^$$$.

18.
Explain letter wizard. Describe the views icons.

Explain drag and drop editing.
"r gz' ^$$$. "N A$$M>' ^$$$.

"{yV $$$ {y' GysV ^$$$.
(DBC 35)
(DBC 36)
Part II Commerce
Paper III CORPORATE ACCOUNTING
Time : Three hours
Maximum : 100 marks

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.
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.
Security premium
2,000
Capital redumption reserve account
4,000
General reserve
Rs.
40,000 46,000
2
(DBC 36)
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 minimum
extent.
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 premium
of 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 AM# s$ 5% GM$P $M$ *^ ^$ M$Mr$. A$

$$$ 5000 DMs s$ JMPMPs *. 10 ^ 5% AM $M$ g^$, M f$
*. 1,00,000 $$$ *. 50,000 $ t RZ M*y MW$$.
O $^ $$$ *$ ^$$rM$ _st$$ $^$y.
3
(DBC 36)
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
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
8,00,000
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$$y.
*.
*.
To
i$
To
Q$a$
40,000
To
A$M>
60,000
To
{Mr$
80,000
To
yÔ yz
24,000
To
yOMt k
16,000
To
Bys k
20,000
To
A$M$M yz
(l 30 M$)
3,60,000
By
8,00,000
40,000
To
$V$
80,000
To
80,000
8,00,000
8,00,000
$ 1 M$ A$M>$ *. 8,00,000 $$$ 2007 $ 1 $ A$M>$ *. 32,00,000. *$M$

$$$, $$ $$$ ^*# M$ *$^$$$$.
4
(DBC 36)
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.
Rs.
Rs.
Assets
Share capital of Rs. 10 each

fully paid
Reserve fund
Goodwill
Sundry creditors
Bills payable
Rs.
10,000
8,000
20,000 15,000 Plant and machinery
20,000 25,500
3,000
5,000 Patents and trade mark

Stock
5,250
20,000 15,000
10,000 Sundry debtors
10,000
5,000
Bills receivable
2,000
5,000
250
2,000
Bank overdraft
Rs.
25,000 19,000
Workmens compensation
fund
Y Ltd.
50,000 30,000 Land and building
Dividend equalisation
fund
X Ltd.
Cash at bank
5,000
10,000 12,000
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 ~$$^$. B s B M BA st$
{M$y.
A$
X Ltd.
Y Ltd.
*.
*.
NV> ^_ s $*
JMPMPs *. 10 ^
f$
t >
yyy DMsOg y
t y
B$$
V$y
X Ltd.
Y Ltd.
*.
*.
10,000
8,000
50,000 30,000 *$, $
25,000 19,000
20,000 15,000 r$, ${$
20,000 25,500
3,000
5,000 sr {sy *P
10,000 $M$
2,000
5
$${V$$
5,250
20,000 15,000
10,000
5,000
(DBC 36)
A$
X Ltd.
Y Ltd.
*.
*.
X Ltd.
Y Ltd.
*.
*.
5,000 *$ $$
2,000
10,000 12,000 M$Z V$
5,000
250
M$ K{yt
$$$
B$$
^# $$
5,000
3,000
90,000 80,000
90,000 80,000
JMPMP MM $$$ HV> ^^$$ ^*#$$. _st$$ {, XY $sy *V^ BA

st *$^$$$$.
14.
H Limited acquired all the shares of S Limited on 1st January 2005 and the balance sheets
of the two companies on 31st March 2005 were as follows.
Liabilities
H Ltd., S Ltd.,
Rs.
Assets
Rs.
H Ltd., S Ltd.,
Rs.
Share capital
50,000 30,000 Sundry assets
Reserve on 1.4.2004
20,000 15,000 Shares in S Ltd.,
25,000 10,000 at cost
Sundry creditors
20,000 15,000
1,15,000 70,000
Rs.
65,000 70,000
50,000
1,15,000 70,000
The profit and loss account of S Ltd., had a credit balance of Rs. 3,000 on 1st April 204.
Prepare a consolidated balance sheet as on 31st March 2005.
1 f, 2005 H $sy, S $sy $$MP A s$ $M$. 31 *a 2005 s y$ M

BA st$ {M$y$$.
A$
H Ltd.,
S Ltd.,
*.
*.
B$$
s $*
50,000 30,000 B$$
1.4.2004 s f$
20,000 15,000
t R
25,000 10,000 $
$$$
20,000 15,000
1,15,000 70,000
H Ltd.,
S Ltd.,
*.
*.
65,000 70,000
S $sy s$
50,000
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.
6
(DBC 36)
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.
Interest on deposits
Rs.
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
M$ ({Mys)
*.
3,20,000 $$ yPs ^$M$ yPr$ 1,49,000

10,000 K {ytO yz
7
1,60,000
(DBC 36)
*.
AO yz
A
*.
2,49,000 V$ {MysO yz
2,32,000
30,000 Byr k
3,500
EV$M$ ^# 50,000 yOMt k
1,600
$^$y >M $$
17.
30,000
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 $sy M {M A ê * ^$M.
*.
*.
$$$
12,000
M$ K{y#t
20,000
$* :
10000 BM# s$ JMPMPs *. 10 ^
$# *. 7
70,000
10000 DMs s$ JMPMPs *. 10 ^

_ *. 9 ^
90,000
: $#$ M
2,000 88,000
(DBC 36)
*.
*.
$#M$ $$$V> #^$aM V$

BM# 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
Share capital :
Goodwill
Rs.
10,000
10000 equity shares Rs. 10 each 1,00,000 Other fixed assets
90,000
10000 7% preference shares of
35,000
Rs. 10 each
Stock
1,00,000 Debtors
Sundry creditors
40,000
20,000 P & L account

2,20,000
45,000
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% BM# s$ JMPMPs
35,000
$M$
*. 10 ^
1,00,000 $${V$$
$$$
40,000
20,000 t R 45,000
2,20,000
9
2,20,000
(DBC 36)
(a)
*. 10 JMPMP DMs s$ NV> ^_ JMPMP s *. 6 M$ WY^$.
(b)
7% BM# s$ JMPMPs *. 10 $ 9% NV> ^_ JMPMP s *. 7 $M$ WY^$.
(c)
D V> _a $$$ t R ys $ $$$ V$y$ NV> $^$$rM$ $$$ C

>$ $$ $$M$ $^$$rM$ E*W^$.
A$O _st$$ { $$$ _ BA st $$ *$^$y.
10
(DBC 36)
(DBC 37)
Part II Commerce
Paper III ADVANCED MANAGEMENT ACCOUNTING
Time : Three hours
Maximum : 100 marks

1.
Scope of Management Accounting.
GMsV .
2.
Material variance.
$s$ ^.
3.
Significance of capital budgeting.
$* yjsV {$$Q.
4.
Break-even point.
{M D $#.
5.
Management information system.
*^ $$.
6.
Classification of budgets.
yjr YM.
7.
Uses of funds flow.
$ { {*f$.
8.
Steps involved in standard costing.
{*M $Z $.
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#$$ :
10.
(a)
P/V .
(b)
{M D $#.
(c)
$ *j.
With the following data for 60% capacity prepare a flexible budget at 90% and 100%
capacity.
Production at 60% capacity 600 units
Materials
Rs. 100 per unit
Labour
Rs. 40 per unit
Direct expenses
Rs. 10 per unit
Factory expenses
Rs. 40,000 (40% fixed)
Administration expenses
Rs. 30,000 (50% fixed)
(DBC 37)
D {M 60% EM M > 90% $$$ 100% EM M ^yjs$ *$ ^$$$$.

60% EM MM E 600 $*r$
11.
$$$
*. 100 JMP $*sM
{$
*. 40 JMP $*sM
{ Q$a$
*. 10 JMP $*sM
Mt Q$a$
*. 40,000 (40% $$)
Q$a$
*. 30,000 (50% $$)
From the following details calculate material variance.

Material
Standard
Price
Actual
Price
Quantity (Kg)
Rs.
Quantity (Kg)
Rs.
3.50
2.00
3.00
D V$ $$ $y $s$ ^$ MP^y.
$s$
{*M
* (M.{V>) *. * (M.{V>) *.
12.
3.50
2.00
3.00
From the following Balance Sheet of XYZ Company prepare a schedule of changes in working
capital.
Liabilities
2007
2008
Rs.
Rs.
Assets
2007
2008
Rs.
Rs.
Creditors
50,000
45,000 Cash
35,000
75,000
Bills payable
20,000
55,000 Debtors
98,000
90,000
Share capital
1,25,000
87,000
1,20,000
15,000
10,000
20,000
30,000
2,55,000
3,25,000
Profit and loss A/c
60,000
1,50,000 Stock
75,000 Building
Furniture
2,55,000
3,25,000
(DBC 37)
XYZ M $$MP {M B A st $y $*Z *$ stM$ *$ ^$y.
A$
2007
2008
*.
$$$
^# $$
2007
2008
*.
*.
*.
50,000
45,000 V$
35,000
75,000
20,000
55,000 $${V$$
98,000
90,000
87,000
1,20,000
15,000
10,000
20,000
30,000
2,55,000
3,25,000
s $* 1,25,000
t R
B$$
1,50,000 $M$
60,000
75,000 $
EM$
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$
4
(DBC 37)
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 :
14.
(a)
{$ $ ^
(b)
{$ r$ ^
(c)
{$ ${$ ^
(d)
{$ $ ^.
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
(DBC 37)
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
Share premium
24,000
36,000 Machinery
General reserve
18,000
27,000 Furniture
P & L account
58,500
62,400 Stock
8% debentures
Provision for taxes

Creditors
29,400
78,000 Debtors
32,700 Bank
1,00,500
1,09,200
4,70,400
7,05,300
1,66,200
3,39,600
1,06,800
1,53,900
7,200
4,500
66,300
78,000
1,09,500
1,17,300
14,400
12,000
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
2,40,000
B$$
31.12.2006 31.12.2007
3,60,000 $
1,66,200
3,39,600
s AM $
24,000
36,000 ${$
1,06,800
1,53,900
f$
18,000
27,000 EM$
7,200
4,500
t R
58,500
62,400 $M$
66,300
78,000
1,09,500
1,17,300
14,400
12,000
4,70,400
7,05,300
8% y^$
$ MM$ H>r$
$$$
29,400
78,000 $$ {V$$
32,700 M$
1,00,500
1,09,200
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.
40,000
1,20,00
1,20,000
1,60,000
1,60,000
2,00,000
2,40,000
1,20,000
1,60,000
80,000
(DBC 37)
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
Present value of 10% : 0.91 0.83 0.75 0.68 0.62
M $sy JM {M ${$ MyM ~$$^$M$. A $$$ B {*$ ($$) ${$

*_$, JMPMP ${ $$MP {$M $ *. 4,00,000. $$ $ A^ $ {M
V> Es$$.
XYZ
$$
V$ZM {$
${ A ${ B
*.
*.
40,000
1,20,00
1,20,000 1,60,000
1,60,000 2,00,000
2,40,000 1,20,000
1,60,000
80,000
M $*O >y 10% E. BV> ${$$ $M$ # $a$$ $$$ BMV>

B* *V$O H {*$$ # M$M$ $#$$.
:
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
(DBC 37)
M $$MP {M $$ H{, $ $$$ l V$ yjs$ *$ ^$$$$.

A$M>$ *. M$V$ *. $ *.
18.
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
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$$
(c)
$ A Z ^^$.
(d)
H{ 1 s V$ *. 1,20,000.
Prepare Cash flow statement from the following Balance Sheet as on 31-3-2007 and 2008.
Liabilities
31.3.2007
Balance Sheet
31.3.2008 Assets 31.3.2007
Rs.
Rs.
Share capital 20,000
25,000
Plant
Debentures
15,000
12,000
Creditors
16,000
31.3.2008
Rs.
Rs.
46,000
45,000
Debtors
9,000
7,000
18,000
Stock
5,000
9,000
P & L account 11,000
14,000
Cash
2,000
8,000
62,000
69,000
62,000
69,000
D {M B B st $y 31.3.2007 $$$ 2008 s V$ { M$ * ^$y.

A$
B B st
31.3.2007 31.3.2008 B$$
*.
*.
s $* 20,000
25,000
r$
y^$
15,000
12,000
$$ $
16,000
31.3.2007 31.3.2008
*.
*.
46,000
45,000
$${V$$
9,000
7,000
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
(DBC 37)

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(DBC 31)

B.Com. DEGREE EXAMINATION, DECEMBER 2010.

Maximum : 100 marks

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

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

What are the various ways in which a contract

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

Distinguish between a sale and a hire-purchase

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

Explain Doctrine of Indoor Management.

"AY ' ^y.

What is the object and nature of the law of

M>{sM$t ^rt $$MP E>$ $$$ H$?

Under what circumstances is the object or

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

What remedies are available to an aggrieved party

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

What is a contract of agency? Explain about

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

Discuss the rights and duties of the seller under

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

What are the provisions of law relating to

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

Maximum : 100 marks

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

Salary Rs. 9,000 p.m.

i$$ *. 9,000 M$.

Dearness allowance Rs. 3,000 p.m.

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

Commission Rs. 7,000.

Travelling allowance Rs. 9,000.

Free telephone facility Rs. 4,000.

His club bills paid by employer Rs. 14,000.

Project allowance Rs. 500 p.m

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

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

Fair rental value

Interest on loan for construction

Amount borrowed for house construction

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

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

Income from salary

Income from house property

Long term capital gain on sale of house

Short term capital loss

Profit from cloth business

Profit from agency business

Interest on debentures of a company (gross)

Rent from sub letting of house

Loss from Gold speculation business

Rent from vacant land

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

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

Not ordinarily resident and

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

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

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

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

Income earned from house property Pakisthan Rs. 15,000

MZ V $y B$$$ Bj_ *. 15,000.

Agricultural income earned in Bangladesh Rs. 20,000.

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

Profit from business earned in India Rs. 90,000.

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

}$ ~ y$ V$f. s AM$ EW^$. >$ {M V> E$$.

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

s$ M>$ Q$aZ $y$ E*V MM$

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

250 $r$ JMPMPs . 10 ^ M$

400 $r$ JMPMPs . 12 ^ M$

150 $r$ JMPMPs . 9 ^ M$

100 $r$ JMPMPs . 13 ^

O >Z FIFO EW_ t$ B>j R$ $ ^$y.

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