paper iii — paper – iii : business laws - · pdf filepaper iii — paper...

(DBC 31)

ASSIGNMENT - 1, DEC - 2014.

B.Com. DEGREE EXAMINATION.

(Examination at the end of Third Year)

Part II — Commerce

Paper III — Paper – III : BUSINESS LAWS

Maximum : 20 MARKS

Answer ALL questions.

1) Offer

{æ²†³ê¦åý®çý

2) Discharge of contract

Jæ²´…¦åýÏçý$$ ÐÏïý* çý®çý

3) Surety

ßÑ$¦èÅåþ$yåý$

4) Unpaid Seller

ïýÌÎ… çý¯ AÏçý$ÂMåûæ²#¦èÅåþ$yåý$

5) What are the essentials of valid contract?

ïýÊÎ¦åýW®çý Jæ²´…¦åýÏçý$$ Ãðü$$MåûP BÏçýÓçüÄM>Ê$ HÐ$?

6) State the remedies for breach of contract.

Jæ²´…¦åýÏçý$$ EÊÎ…Våû®çýMåû$ Eæ²ÓçüÏçý$®èÊ$ ◊ðýÊ$æ²#Ïçý$$.

7) Explain the impact of undue influence and mis-representation on an agreement.

Jæ²´…¦åýÏçý$$ Ð$>¦åý A®çý$_◊çý{æ²¾éÏçýÏçý$$, AæÛ◊çýÄÏçýÅåþ~®çý {æ²¾éÏè¯± ÐÏçýÆ… çý$Ïçý$$.

8) Describe different modes of discharge of a control

M>…{séMåû$t ÐÏïý* çý®çý òýÃåü$$ ÐÐª¦åý Ç◊çý$Ê$ ÐÏçýÆ… çý$Ïçý$$.

9) What are the rights and duties of agent?

Ggðü…sŒü Ãðü$$MåûP æÞüMåû$PÊ$, Ðª¦åý$Ê$ HÐ$?

——————

(DBC 31)





Paper III — Paper – III : BUSINESS LAWS

Maximum : 20 MARKS


1) Essential commodity

¯◊çýÄÏçýæÛÅåþÏçýæÛ$¡Ïçý#

2) Consumer protection council

Ð¯Ãðü*Våû¦èÅåþ$ Ååþ„åûÖü æÛ…æ›$Ïçý$$

3) Special resolution

{æ²◊óýÄMåû Å>Â®çýÏçý$$

4) Doctrine of indoor management.

A…◊çýÅŠþ ¯ÅåþÒæÞüÖü ìÛ¦è©…◊çýÏçý$$

5) What are the rights of bailee?

ºðüOÌ Ãðü$$MåûP æÞüMåû$PÊ$ HÐ$?

6) Elucidate the penalties received for violations under essential commodities Act.

¯◊èÄÏçýææÛÅåþ çýrtÏçý$$ {Mëû…¦åý A†{MåûÏçý$ÊMåû$ Ð§… òý fÆÏçý*®èÊ$ ÐÓçü¨MåûÆ… çý$Ïçý$$.

7) Critically examine the working of consumer protection councils.

Ð¯Ãðü*Våû¦èÅåþ$ Ååþ„åûÖü Ïçý$…yåýÌ æ²¯ Ååþ$®çý$ ÐÏçý$Ååþ×®è◊çýÂMåû…V> æ²ÆÕÌ… çý$Ïçý$$.

8) Enumerate the implied conditions and warranties in a contract of sale.

AÏçý$ÂMåûæ²#M>…{séMåû$tËZ¯ {æ² çýa®çý± æØÅåþ◊çý$Ê$, ßÐ$>Ê$ ◊ðýÊ$æ²#Ïçý$$.

9) Discuss the powers and duties of directions.

yïýOÅïþMåûtÅåþÎ A§M>Å>Ê$, Ðª¦åý$Ê$ çýÆa… çý$Ïçý$$.

——————

(DBC 32)





Paper – III : INCOME TAX AND PRACTICAL AUDITING

Maximum : 20 MARKS


1) Objects of auditing.

Byëýsëü…VŠû Ê„>ûÄÊ$

2) Internal check

A…◊çýÅåþY◊çý ◊çý¯S

3) Explain the appointment and removal of auditor.

ByëýrÅŠþ ¯Ãåü*Ïçý$MåûÏçý$$, ◊õÊW…æ²#Ê®çý$ ÐÏçýÆ… çý$Ïçý$$.

4) Distinguish between verification and valuation of assets and liabilities.

BæÛ$¡Ê$, Aæ²™Ê$ æÛÆ çý* çý$r, Ïçý$*ÊÄ…Måû®çýÏçý$$Ê Ïçý$ª¦åýÄ ◊óýyèÊ$ ◊ðýÊ$æ²#Ïçý$$.

5) Assessment year

æ²®çý$± ¯Å>©ÅåþÖü æÛ…Ïçý◊çýÝÅåþÏçý$$

6) Resident

¯ÏèìÛ

7) Mrs. ‘X’ has following income

Rs.

a) Salary 1,10,000

b) Dearness allowance (forming part of salary for

retirement benefits) 12,000

c) Medical allowance (actual expenditure Rs. 4,000 6,000

d) Education allowance (for three children) 5,200

e) Rent free house in Delhi for which the employer paid Rs. 5,000 per month as rent. The

house is equipped with rented furniture. The rent of the furniture is Rs. 300 p.m.

f) The employer had provided her a domestic servant, a sweeper and a watchman. The

employer paid Rs. 200 p.m. to each.

g) The employer spent Rs. 2,500 on her refresher course.

h) The employer paid her telephone bills of Rs. 2,200

i) Profession tax paid by Mrs. X is Rs. 1,200

Compute her taxable income for the assessment year

}Ïçý$† ‘X’ Ãðü$$MåûP B¦èÃåü$Ïçý$$Ê$ D Ðª¦åýÏçý$$V> Ïçý#®çý±Ð.

Ååþ*.

a) i◊çý… 1,10,000

b) MåûÅåþ$Ïçý# ¾åü◊èÄÊ (æ²¦åýÑ ÐÏçýÅåþÖü æÛ¦åý$³êÃåü*ÊMåû$ MåûÊ¦åý$)12,000

c) BÅ÷VåûÄ ¾åü◊çýÄ… (QÅåþ$a òýìÛ®çý§ & 4,000) 6,000

d) Ð¦èÄ ¾åü◊çýÄ… (3 ì²ÊÎÊMåû$) 5,200

e) ÈëýÍÎËZ E_◊çý Våû•æÞü ÏçýæÛ† MõÅåþMåû$ ®ïýÊMåû$ Ãåü$fÏçý*¯ ïýÌÎ…_®çý A¦ïý© 5,000

A…¦åý$ËZ A¦ïý©Måû$ ◊ðý_a®çý Eæ²MåûÅåþÖéÊ$ ®ïýÊæÛÆ A¦ïý© 300

f) Ãåü$fÏçý*¯ ‘X’ AÏçýæÛÅåþÏçý$$ÊMåû$ V>®çý$ JMåû æ²¯Ïçý$¯ìØ, îÛÒæ²ÅŠþ, M>æ²Ëé¦èÅåþ$¯± ¯Ãåü$Ð$…^èyåý$.

ÏèÆMëû A◊çý®çý$ ïýÌÎæÛ$¡®çý± ®ïýÊæÛÆ A¦ïý© & 200 JMõPMåûPÆMëû

g) Æ{æ›æØÅŠþ M÷Ååþ$Ý MõÅåþMåû$ ‘X’ Ñ$¦åý Ãåü$fÏçý*¯ Ååþ*. 2,500 QÅåþ$a òýìÛ®èyåý$

h) Ãåü$fÏçý*¯ ïýÌÎ…_®çý ‘X’ sðüÌ·ø®Œý »Ê$ÎÊ$ Ååþ*. 2,200

i) ‘X’ Måûsëüt®çý Ïçý•†¡ æ²®çý$± Ååþ*. 1,200

{æ²æÛ$¡◊çý æ²®çý$± ¯Å>©ÅåþÖü æÛ…Ïçý◊çýÝÅ>¯Mëû B¦èÃåü*¯± VåûÖëü… çý…yëý.

8) State the provisions of law relating to set off and carry forward of losses.

®çýÙêtÊÏçý$$¦åýÅ>, Ïçý$$…¦åý$Måû$ ìÛMõ¯ ³øÏçý#rÊMåû$ æÛ…¹…ª§…_®çý çýrt ¯¹…ª¦åý®çýÊ$ ◊ðýÊ$æ²#Ïçý$$.

——————

(DBC 32)





Paper – III : INCOME TAX AND PRACTICAL AUDITING

Maximum : 20 MARKS


1) Verification of assets

BæÛ$¡Ê$ æÛÆ çý* çý$r

2) Audit report

ByëýsŒü ¯Ïòý§Måû

3) ‘Vouching is the essence of audit’. Comment.

‘Byëýsëü…VŠû ÜêÅ>…ÓçüÏòý$ K_…VŠû’ ÐÏçý$Æ×… çý$Ïçý$$.

4) Describe the procedure involved in auditing.

Byëýsëü…VŠû ËZ¯ M>Å>ÄæÛÅåþâ¯ ÐÏçýÆ… çýÏçý$$.

5) Fully exempted income

æ²NÆ¡V> æ²®çý$± Ð$®çýßÅþ$$… çý¹yëý®çý B¦èÃåü$Ïçý$$

6) Self - assessment.

æÛÒÃåü$… æ²®çý$± ¯Å>©ÅåþÖü

7) From the following information, compute total income of Mr. Surya for the current assessment

year.

a) Interest on tax free Govt. Securities Rs. 15,000 (net)

b) Interest on tax free debentures of X Ltd. Rs. 8,900 (net)

c) Interest on tax free debentures of Y Ltd. Rs. 7,800 (net)

d) Interest on debentures of Z Ltd. Rs. 12,000 (gross)

e) Lottery winnings Rs. 60,000 (gross)

f) Dividends from Indian companies Rs. 65,000 (gross)

g) Dividends from foreign companies Rs. 45,000 (gross)

h) Interest from bank deposits Rs. 10,000

i) Rent from sub let house Rs. 3,000 for 1

3 portion (actual rent paid for the entire house Rs.

5,000 p.m. actual repairs Rs. 1,500)

j) Management consulting fee Rs. 45,000

k) Rent from letting of plant and machinery including building and furniture Rs. 60,000

(ordinary repairs Rs. 4,000, insurance premium Rs. 1,000 depreciation Rs. 6,000). He

claims the following deductions :

i) Collection charges of interest Rs. 1,200

ii) Collection charges of lottery winnings Rs. 2,000

iii) Lottery tickets purchased Rs. 6,000

iv) Interest on loan to purchase shares in foreign companies Rs. 1,800

{æ²æÛ$¡◊çý æ²®çý$± ¯Å>−ÅåþÖü æÛ…Ïçý◊çýÝÅåþÏçý$$Måû$ æÛ*ÅåþÄ Ïïý$$◊çý¡… B¦èÃåü*¯± {Mëû…§ ÐÏçýÅ>Ê Bª¦èÅåþ…V> ËðüMëûP… çý…yëý:

a) æ²®çý$±Ëóü¯ {æ²¾åü$◊çýÒ ñÛMåû*ÄÆsíüÊñ²O ¯MåûÅåþ Ïçýyíýz Ååþ*. 15,000

b) X ÌÐ$sðüyŠý æ²®çý$± Ëóü¯ yëýºðü… çýÅåþÎñ²O ¯MåûÅåþ Ïçýyíýz Ååþ*. 8,900

c) YÌÐ$sðüyŠý æ²®çý$± Ëóü¯ yëýºðü… çýÅåþÎñ²O ¯MåûÅåþ Ïçýyíýz Ååþ*. 7,800

d) Z ÌÐ$sðüyŠý yëýºðü… çýÅåþÎñ²O æÛ*¥Ê Ïçýyíýz Ååþ*. 12,000

e) ËérÇËZ VïûÊ$³ö…§®çý æÛ*¥Ê Ïïý$$◊çý¡… Ååþ*. 60,000

f) ¾éÅåþ Ãåü$ Måû…ñ²°Ê ®çý$…yëý æÛ*¥Ê yëýÐyïý…yåý$Î Ååþ*. 65,000

g) Ð¦òýÕ Måû…ñ²°Ê ®çý$…yëý æÛ*¥Ê yëýÐyïý…yåý$Î Ååþ*. 45,000

h) ºéÄ…Måû$ yëý³êhrÎñ²O Ïçýyíýz Ååþ*. 10,000

i) Eæ² A¦ïý©Mëû_a®çý Våû•ßìÛ¡ ®çý$…yëý 1/3 Ïçý ¾éV>¯Mëû Ïçý_a®çý A¦ïý© Ååþ*. 3,000 (Ïïý$$◊çý¡… Våû•ß¯Mëû ïýÌÎ…_®çý ÏèæÛ¡ÐMåû A¦ïý© ®ïýÊMåû$ Ååþ*. 5,000, ÏèæÛ¡ÐMåû Ïçý$ÅåþÏçý$Â◊çý$¡Ê$ Ååþ*. 1,500)

j) ¯ÅåþÒæÞüÖü æÛÊß Ååþ$æÛ$Ïçý$$ Ååþ*. 45,000

k) ¾åüÏçý®èÊ$, æ›Ç± çýÅåþ$◊÷ æÛß A¦ïý©MëûÏçýÒ¹yåý$®çý ³êÎ…r$, Ãåü$…{◊èÊ$ ®çý$…yëý A¦ïý© Ååþ*. 60,000 (Üêª¦èÅåþÖü Ïçý$ÅåþÏçý$Â◊çý$¡Ê$ Ååþ*. 4,000, ÀÏçý* {î²Ð$Ãåü$… Ååþ*. 1,000, ◊çýÅåþ$Våû$¦åýÊ Ååþ*. 6,000)

A◊çý®çý$ M÷Ååþ$◊çý$®çý± ◊çýWY…æ²#Ê$ :

i) Ïçýyíýz ÏçýæÛ*Ê$ ^èÇjÊ$ Ååþ*. 1,200

ii) ËérÇËZ VïûÊ$³ö…§®çý Ïïý$$◊è¡¯Mëû ÏçýæÛ*Ê$ ^èÇjÊ$ Ååþ*. 2,000

iii) ËérÇ sëüMïûPr$Î Mõ®çý$V÷Ê$ Ååþ*. 6,000

iv) Ð¦òýÕ Måû…ñ²°ÊËZ ÏèséÊ Mõ®çý$V÷Ê$ MõÅåþMåû$ æÛ$Måû$®çý± ¹$$Öü…ñ²O Ïçýyíýz Ååþ*. 1,800.

8) Explain the incomes partly exempted from tax.

æ²®çý$± ®çý$…yëý ³ê„ëûMåûÏçý$$V> Ð$®çýßÅþ$$… çý¹yë ®çý B¦èÃåü*Ê®çý$ ÐÏçýÆ… çý$Ïçý$$.

——————

(DBC 33)





Paper – III : COST AND MANAGEMENT ACCOUNTING

Maximum : 20 MARKS


1) Cost unit

È"�½¼!�( ¼!�$¨v �

2) Nature of management accounting

¾Þ�Ëß×�Ï� DP�†v��†Y‹� ßÔË·�È"�È"�#

3) Indirect materials

D~ß«”$�½…Þ� ßß«§é¾Þ�¦È"�#

4) Halsey plan

ØÌŒý(Ô ß«œÞ�PÞ�È"�#

5) Explain the nature and scope of cost accounting.

È"�½¼!�( DP�†v��†Y‹� ßÔË·�È"�È"�#0 ß«¿¤¡Ã§"�( ÉÈ"�¿†a$�(È"�#2

6) From the following balance sheet of X company as on 31.12.2005 calculate (a) Debt

equity ratio (b) Fixed assets turnover ratio (c) Current ratio (d) Liquid ratio.

Liabilities Rs. Assets Rs

Equity Capital 100 Fixed Assets 180

9% Preference capital 50 Stores 25

8% debentures 50 Debtors 55

Reserves 20 Bills receivable 3

Creditors 45 Bank 2

265 265

¡YÞ�(È"� Fbd§"� 7525626449 ¯év� X PÞ�†;«© E>Ô› Dß«•Ã ß«v��w §"�(†|��

(a) Dßß«'− GP��Ëv�� ¨ßÑ−‡› (b) >ÔŸ¾AßÔ(›Ã u¾KªÈ"�¾‹� ßÑ−‡› (c) PÞ�¾M�†u( ¨ßÑ−‡› (d) ÅP��Ë|‹� ¨ßÑ−‡›¨

ÄP�P��S†a$�†|��2

Dß«'−Ã( ¾Þ�.2 EßÔ(›Ã( ¾Þ�.2

GP��ËvS� È"�$Ã¤ Þ�§"�È"�# 100 >ÔŸ¾AßÔ(›Ã( 180

9 ÌA”$�† E¤¡PÞ�½ß«' Ðév� È"�$Ã¤ Þ�§"�† 50 ÕWw¾Þ�(Ö 25

8 ÌA”$�† |��³P�†a$�¾Þ�(Ç 50 ²#Ï�®YÞ�ßÔ(›Ã( 55

¿i¾Þ�(ËÃ( 20 È"�ßÔ.Ã( ´Ã(ÇÃ( 3

²#Ï�§é”$�Ã( 45 ³�½†PÞ�(Ä] §"�YÞ� Þ�( 2

265 265

7) What are the considerations in the installation of cost accounting system ?

È"�½¼!�( DP�†v��†Y‹� È"�½È"�ßÔŸ ~ß«È`�Ì!�;«u(wuÄ]¨ ß«¿YÞ�Ï�Ã( KÉ(B

8) Prepare a common size statement from the following balance sheet.

Balance sheet of Maruthi Ltd. As on 31st March

Liabilities 1999 2000 Assets 1999 2000

Rs. Rs. Rs. Rs.

Capital 1,000 1,200 Debtors 450 390

Capital reserve 90 185 Cash 200 15

General reserve 500 450 Stock 320 250

Sinking Fund 90 100Investment 300 250

Debentures 450 650 Building 800 1,400

Creditors 200 150 Land 198 345

Other liabilities 15 20Furniture 77 105

2,345 2,755 2,345 2,755

G ®P��†¡ E>Ô› Dß«'−Ã ß«vS�w §"�(†|�� ßÔÈ"�( ß«¿È"�.Ï� ¨È�¡PÞ�§"�( ”$�¼!�.¾Þ�( a`�¼!�(†|�� :

31 È"�.¿d ¯év�� È"�.¾Þ�(š ÅÉ(vP�|‹� E>Ô› Dß«'−Ã ß«vS�w Dß«'−Ã(Dß«'−Ã(Dß«'−Ã(Dß«'−Ã( 5===5===5===5=== 6444644464446444 EßÔ(›Ã(EßÔ(›Ã(EßÔ(›Ã(EßÔ(›Ã( 5===5===5===5=== 6444644464446444 ¾Þ�.2¾Þ�.2¾Þ�.2¾Þ�.2 ¾Þ�.2¾Þ�.2¾Þ�.2¾Þ�.2 ¾Þ�.2¾Þ�.2¾Þ�.2¾Þ�.2 ¾Þ�.2 ¾Þ�.2 ¾Þ�.2 ¾Þ�.2

È"�$Ã¤ Þ�§"�† 1,000 1,200 ²#Ï�®YÞ�ßÔ(›Ã( 450 390

È"�$Ã¤ Þ�§"� ¿i¾Þ�(Ë 90 185 §"�YÞ� Þ�( 200 15

Õe «§é¾Þ�Ï� ¿i¾Þ�(Ë 500 450 ßÔ¾Þ�(PÞ�( 320 250

¨…�ß« ¨¤¡ 90 100 ;«u(w²|Þ�(Ã( 300 250

|��³P�†a$�¾Þ�(Ç 450 650 ·!�È"�¯éÃ( 800 1,400

²#Ï�§é”$�Ã( 200 150 ·!�.È"�#Ã( 198 345

F”$�¾Þ� Dß«'−Ã( 15 20 ß—Àªa$�¾‹� 77 105

2,345 2,755 2,345 2,755

9) From the following details, make out the balance sheet :

(a) Stock turnover ratio – 6

(b) Capital turnover ratio – 2

(c) Fixed assets turnover ratio – 4

(d) Gross profit ratio – 20%

(e) Debtors velocity – 2 months

(f) Creditors velocity – 73 days

The gross profit was Rs. 60,000, Reserves and surplus amounts to Rs. 20,000, closing

stock was Rs. 5,000 in excess of opening stock.

®P��†¡ FÈ"�Ë²|��§"� ÉÈ"�¾AÃ §"�(†|�� E>Ô› Dß«'−Ã ß«vS�w¨ ”$�¼!�.¾Þ�( a`�¼!�(†|�� :

(a) ßÔ¾Þ�(PÞ�( u¾KªÈ"�¾Þ�( ¨ßÑ−‡› – 6

(b) È"�$Ã¤ Þ�§"� u¾KªÈ"�¾Þ�( ßÑ−‡› – 2

(c) >ÔŸ¾Þ� EßÔ(›Ã u¾KªÈ"�¾Þ�( ßÑ−‡› – 4

(d) ßÔ.ŸÃ Ä�·!� ßÑ−‡› – 20%

(e) ²#Ï�®YÞ�ßÔ(›Ã ÈM�Ä�>Ôv�� – 2 §M�ÃÃ(

(f) ²#Ï�§é”$�Ã( ÈM�Ä�>Ôv�� – 73 ¾KiÃ(

ßÔ.ŸÃ Ä�·!�† ¾Þ�.2 60,000 ¿i¾Þ�(ËÃ( È"�(¿¼!�# É(YÞ�(Ú!�(Ý ¾Þ�.2 20,000 2 È"�#Z†ß«' ßÔ¾Þ�(PÞ�( ~¬e¾Þ�†·!� ßÔ¾Þ�(PÞ�(R;« ¾Þ�.2 5,000 D¤¡PÞ�†YA H†¡2

——————

(DBC 33)





Paper – III : COST AND MANAGEMENT ACCOUNTING

Maximum : 20 MARKS


1) Apportionment

ß«†>«Ï��

2) Trend analysis

~ß«È"�’‡› ÉÌ�ÇßÑÈ"�#

3) Current ratio

~ß«ßÔ(›”$� ¨ßÑ−‡›

4) Overhead

NÈ"�¾‹�;×�|‹�

5) The following are the Balance Sheets of kumar & Co. for the years ending 31st,

December, 2003 and 2004. Comment on the financial position of the concern by

preparing comparative Balance Sheets :

Balance sheets as at 31st December, 2003 and 2004


Rs. Rs. Rs. Rs.

Equity share capital 6,00,000 8,00,000 Land and buildings 3,70,000 2,70,000

Reserves and surplus 3,30,000 2,22,000 Plant and machinery 4,00,000 6,00,000

Debentures 2,00,000 3,00,000 Furniture & fixtures 20,000 25,000

Long-term loans Other fixed assets 25,000 30,000

On mortgages 1,50,000 2,00,000 Cash in hand

Bills payable 50,000 45,000 and at bank 20,000 80,000

Sundry creditors 1,00,000 1,20,000 Bills receivables 1,50,000 90,000

Other current Sundry debtors 2,00,000 2,50,000

Liabilities 5,000 10,000 Stock 2,50,000 3,50,000

Prepaid expenses -------- 2,000

14,35,000 16,97,000 14,35,000 16,97,000

MPÞ� Ðé½¬e¾Þ� ßÔ†ßÔŸ E>Ô› Dßßß«'−Ã ß«vS�wÄ] 6447 È"�(¿¼!�# 6448 È"� ßÔ†È"�”$�Ö¾AÃPÞ�( ®P��†¡ É¤ Þ�†YA H¯éª¾�#2 Èrv��

E «§é¾Þ�†YA ”$�(Ã¯é”$�»PÞ� E>Ô› Dßßß«'−Ã ß«vS�w ”$�¼!�.¾Þ�(a`�>Ô Ðé½U�½¨†a$�(È"�#:

Dßßß«'−Ã(Dßßß«'−Ã(Dßßß«'−Ã(Dßßß«'−Ã( 6447644764476447 6448644864486448 EßÔ(ŸÃ( EßÔ(ŸÃ( EßÔ(ŸÃ( EßÔ(ŸÃ( 6447644764476447 6448644864486448 ¾Þ�.2¾Þ�.2¾Þ�.2¾Þ�.2 ¾Þ�.2¾Þ�.2¾Þ�.2¾Þ�.2 ¾¾¾¾Þ�.2Þ�.2Þ�.2Þ�.2 ¾Þ�.2¾Þ�.2¾Þ�.2¾Þ�.2

FP��ËvS� Ðév� È"�$Ã¤ Þ�§"�† 6,00,000 8,00,000 ·!�.É(0 ·!�È"�¯éÃ( 3,70,000 2,70,000

¿i¾Þ�(ËÃ( È"�(¿¼!�# É(YÞ�(Ã( 3,30,000 2,22,000 ¬eÇ†u(0 ¼!�(†~™éÃ( 4,00,000 6,00,000

|��³P�†a$�¾Þ�(Ç 2,00,000 3,00,000 ß—Àªa$�¾Þ�( & >—PÞ�d¾Þ�(Ç 20,000 25,000

™éPÞ�u(wR;« ¢¾Þ�„PAÅPÞ� F”$�¾Þ� >ÔŸ¾Þ� EßÔ(›Ã( 25,000 30,000

²#Ï�Ã( 1,50,000 2,00,000 a`�‡Ä] §"�YÞ� Þ�( È"�(¿¼!�#

aM�ÅÇ†ß«' ß×�(†|S�Ã( 50,000 45,000 ³�½†PÞ�(Ä] §"�YÞ� Þ�( 20,000 80,000

²#Ï�§é”$�Ã( 1,00,000 1,20,000 È"�ßÔ.Ã( ß×�(†|S�Ã( 1,50,000 90,000

F”$�¾Þ� ~ß«ßÔ(›”$� Dßßß«'−Ã( 5,000 10,000 ²#Ï�®YÞ�ßÔ(›Ã( 2,00,000 2,50,000

ßÔ¾Þ�(PÞ�( 2,50,000 3,50,000

È"�#† Þ�(YA aM�ÅÇ†b§"� È"�½¼!�.Ã( ---- 2,000

14,35,000 16,97,000 14,35,000 16,97,000

6) Two materials A and B are used as follows:

Normal usage = 50 units per week

Maximum usage = 75 units per week

Minimum usage = 25 units per week

Re-order quantity = A = 400 units

B = 600 units

Re-order period = A = 4 to 6 weeks

B = 2 to 4 weeks

Calculate for each material

(a) Minimum level

(b) Maximum level

(c) Re order level

A È"�(¿¼!�# B ÈM�(vS�¿¼!�(ÌŒýÖ É¨¼P�.YÞ�È"�# G É¤ Þ�†YA H†¡ :

Õe «§é¾Þ�Ï� É¨¼P�.YÞ�È"�# = Ðé¾A¨P�� 50 ¼!�$ü(Ç

YÞ�¿ßÑ{ É¨¼P�.YÞ�È"�# = Ðé¾A¨P�� 75 ¼!�$ü(Ç

PÞ� ßÑ{ É¨¼P�.YÞ�È"�# = Ðé¾A¨P�� 25 ¼!�$ü(Ç

À E¾Þ�}¿†Y‹� ß«¿È"�.Ï�È"�# = A = 400 ¼!�$ü(Ç

B = 600 ¼!�$ü(Ç

À E¾Þ�}¾‹� PAÃÈ"�# = A = 4 §"�(†|�� 6 Ðé¾AÃ(

B = 2 §"�(†|�� 4 Ðé¾AÃ(

~ß«‡ ÈM�(v��¿¼!�(ÌŒýPÞ�( G ®P��†¡ Ðév��¨ PÞ�§"�(Yy§"�†|�� :

(a) PÞ� ßÑw ÕeŸ¾�#

(b) YÞ�¿ßÑw ÕeŸ¾�#

(c) À E¾Þ�}¿†Y‹� ÕeŸ¾�#

7) From the following particulars, prepare a cost sheet and find out the percentage of

works overhead to productive wages, percentage of general overhead to work cost

and the percentage of net profit on sales :

Rs.

Sales 12,00,000

Works overhead 75,000

Materials on 1.1.2008 20,000

Finished goods on 1.1.2008 30,000

Purchases 5,50,000

Office/General overhead expenses 50,000

Finished goods on 31.1.2008 25,000

Productive wages 2,50,000

Materials on 31.1.2008 70,000

Work-in –progress 1.1.2008 10,000

Work-in-progress 31.1.2008 25,000

G ®P��†¡ ÉÈ"�¾AÃ §"�(†|�� È"�½¼!�( ¨È`�¡PÞ�§"�( ”$�¼!�.¾Þ�( a`�>Ô0 ~ß«”$�½…Þ� È�”$�¯éÃPÞ�(§"�( H”$�−‡› NÈ"�¾‹�;×�|‹� T¾Þ�(dÃ ÌA”$�†; H”$�−‡›

Õe «§é¾Þ�Ï� NÈ"�¾‹�;×�|‹� T¾Þ�(dÃ ÌA”$�† È"�(¿¼!�# DÈ"�(»PAÃR;« Ä�·!� ÌA™é¨ª ÄP�P��S†a$�†|��2

¾Þ�.2 ¾Þ�.2 ¾Þ�.2 ¾Þ�.2

DÈ"�(»PAÃ( 12,00,000

H”$�−‡› NÈ"�¾‹�;×�|‹� T¾Þ�(dÃ( 75,000

1.1.2008 ¯év�� È"�#|�� ß«§é¾A¦Ã( 20,000

1.1.2008 ¯év�� ”$�¼!�.R¾M�§"� È"�ßÔ(›È"�'Ã( 30,000

Py§"�(YKÚ!�(Ý 5,50,000

Õe «§é¾Þ�Ï� E{—ßÔ( T¾Þ�(dÃ( 50,000

31.1.2008 ¯év�� ”$�¼!�.R¾M�§"� È"�ßÔ(›È"�'Ã( 25,000

H™é− Þ�PÞ� È�”$�§rÃ( 2,50,000

31.1.2008 ¯év�� È"�#|��ßßß«§é¾A¦Ã( 70,000

1.1.2008 ¯év�� Py§"�ÕeYÞ�(”$�(§"�ª ß«¨ 10,000

31.1.2008 ¯év�� Py§"�ÕeYÞ�(”$�(§"�ª ß«¨ 25,000

8) The following particulars relate to manufacturing company which has three

production departments P1,P2 and P3 and two service departments S1 and S2. The

overheads in the primary distribution are as follows :

P1 : Rs. 6,500 P2 : Rs. 6,000; P3 : Rs. 5,000;

S1 : Rs. 1,200; S 2 : Rs. 1,000

Expenses of service departments S1 and S2 are apportioned as under :

P1 P2 P3 S1 S2

S1 : 40% 30% 20% --- 10%

S2 : 30% 30% 20% 20% ----

Find out the total overheads of production departments charging service

department costs to production departments by simultaneous equation method.

¡YÞ�(È"� ÉÈ"�¾AÃ( MPÞ� È"�ßÔ(›È"�' ”$�¼!�.À PÞ�†;«©Ä]¨ P1, P2 È"�(¿¼!�# P3 D§� È"�$|Þ�( H”$�−‡› É·�YAÃ( S1 È"�(¿¼!�# S2

D§`� ¾M�†|Þ�( (ÔÐé É·�YAÃPÞ�( ßÔ†²†¤¡†b§"�É2 ~¬eœÞ�É(PÞ� ß«†>«Ï��Ä] NÈ"�¾‹�;×�|‹�Ö G ®P��†¡ É¤ Þ�†YA H¯éª¾�# :

P1 : ¾Þ�.2 6,500; P2 : ¾Þ�.2 6,000; P3 : ¾Þ�.2 5,000;

S1 : ¾Þ�.2 1,200; S2 : ¾Þ�.21,000

(ÔÐé É·�YÞ�È"�#Ã T¾Þ�(dÃ§"�( ®P��†¡ É¤ Þ�†YA ß«†>«ÏS� a`�¼!�(È"�ÄP�§"�(2

P1 P2 P3 S1 S2

S1 : 40% 30% 20% --- 10%

S2 : 30% 30% 20% 20% ----

ßÔÈ"�(PAÆ§"� ßÔÊ(PÞ�¾Þ�Ï�Ã ß« Þ�¦‡ §éË¾A (ÔÐé É·�YAÃ NÈ"�¾‹�;×�|‹�Ö§"�( H”$�−‡› É·�YAÃPÞ�( ^é¿m a`�(Ô H”$�−‡› É·�YAÃ

ÈM�#”$�›† NÈ"�¾‹�;×�|‹�Ö§"�( PÞ�§"�(Yy§"�(È"�#2

9) A contractor undertake a contract to construct a building . The following information

is given below:

Rs.

Materials

Direct purchase 50,000

Issued from stores 10,000

Wages 45,000

Opening plant 1,00,000

Direct expenses 3,500

Overheads 2,000

Closing materials 1,000

Closing plant 90,000

Materials lost by fire 500

Salvage value thereon 150

Value of work certified 1,59,000

Cost of work uncertified 4,500

The value of the contract is Rs. 2,15,000. Cash received 90% value of work certified

Prepare contract account.

MPÞ� PA†~v�PÞ�w¾Þ�( ´Å}†Y‹�§"�( ¨¿»†a$�(uPÞ�( PA†~v�PÞ�(w šßÔ(Py¯éª|Þ�(2 ¢¨P�� ßÔ†²†¤¡†b§"� ÉÈ"�¾AÃ( ®P��† Þ� FÈ"�Ë|Þ�RÈM�(§"�¡2

¾Þ�.2

ÈM�(vS�¿¼!�(ÌŒýÖ

~ß«”$�½…Þ� Py§"�(YKÚ!�(Ý 50,000

ÕWw¾‹� §"�(†|�� šßÔ(Py§"�ªÉ 10,000

È`�”$�¯éÃ( 45,000

~¬e¾Þ�†·!�ß«' ¬eÇ†u( ÉÃ(È"� 1,00,000

~ß«”$�½…Þ� T¾Þ�(dÃ( 3,500

NÈ"�¾‹�;×�|‹�Ö 2,000

È"�#Z†ß«' ÈM�(vS�¿¼!�(ÌŒýÖ 1,000

È"�#Z†ß«' ¬eÇ†u( 90,000

DZªP�� PAÅ¬W¾�#§"� ÈM�(vS�¿¼!�(ÌŒýÖ 500

PAÅ¬W¾�#§"� ÈM�(vS�¿¼!�(ÌŒýÖ ÉÃ(È"� 150

ßÔ¿wR;« a`�>Ô§"� ß«¨ ÉÃ(È"� 1,59,000

ßÔ¿wR;— a`�¼!�(¨ ß«¨ ÉÃ(È"� 4,500

PA†~v�PÞ�(w ÉÃ(È"� 2,15,000

§"�YÞ� Þ�( šßÔ(Py§"�ª ÈM�#”$�›† ,ßÔ¿wR;— a`�>Ô§"� ÉÃ(È"�Ä] 90%- PA†~v�PÞ�(w U�™é§"�( ”$�¼!�.¾Þ�( a`�¼!�(†|��2

——————

(DBC 34)





Paper - III : BUSINESS CORRESPONDENCE AND REPORT WRITING

Maximum : 20 MARKS


1) Formal Communication

Ä�†a$�§"�~¬e¼!�(RÈM�(§"� ßÔ† `�Ì!�È"�#2

2) Feedback

~ß«‡ß«'>Ñ{

3) E-mail

G*RÈM�(Ä �

4) Elements of communication.

ßÔ† `�Ì!�È"�#Ä]¨ D†ÌAÃ(

5) Explain the process of communication.

ßÔ† `�Ì!�È"�# ~ß«®P��¼!�(§"�( ÉÈ"�¿†a$�(È"�#2

6) Give an account of communication networks.

ßÔ† `�Ì!�ß«' DÅÇPÞ�Ã YÞ�(¿†b ”M�Ã(ß«'È"�#2

7) What are the functions of communication?

ßÔ† `�Ì!�È"�# ¼P�#PÞ�S É¤ Þ�(Ã( KÉ(B

8) Bring out different forms of communication.

ÉÉ¤ Þ� ßÔ† `�Ì!� ¾Þ�.¬eÃ§"�( ”M�Ã(ß«'È"�#2

9) Suggest measures for effective communication.

ßÔÈ"�(¾Þ�¦È"�†”$�RÈM�(§"� ßÔ† `�ÌA¨P�� a$�¾Þ�½Ã( ßÔ.b†a$�†|��2

——————

(DBC 34)





Paper - III : BUSINESS CORRESPONDENCE AND REPORT WRITING

Maximum : 20 MARKS


1) Enquiry letter

ß«¿Ì]¤ Þ�§"� H”$�›¾Þ�È"�#

2) Resume

Õe¾A†Ì!�È"�#

3) Special report

~ß«”`�½PÞ� ¨È`�¡PÞ�

4) Intra-personal communication.

È"�½P��›YA D†”$�¾Þ�\”$� ßÔ† `�Ì!�È"�#2

5) Draft model a letter calling for interview.

È"�“VPÞ� ß«¿…Þ�PÞ�( >«Ã(a$�( §"�È"�$¯é H”$�›¾A¨ª ”$�¼!�.¾Þ�( a`�¼!�(†|��2

6) Describe the steps involved in report writing.

¨È`�¡PÞ� ”$�¼!�.¾Þ�( a`�¼!�#uÄ] FÉ(|�� È"�'§"�ª D†ÌAÃ§"�( ÉÈ"�¿†a$�(È"�#2

7) Discuss the physical aspects of business letter.

Ðé½¬e¾Þ� H”$�›¾Þ�È"�# ¼P�#PÞ�S ³�ß×�½ÉßÑ¼!�.Ã( a$�¿d†a$�(È"�#2

8) Classify reports with suitable examples.

ßÔ¿R¼P�(§"� H§é ß×�¾Þ�Ï�ÃÄ] ¨È�¡PÞ�Ã§"�( È"�À\PÞ�¿†a$�†|��2

9) Enumerate the skills required to write replies against complaints.

>—¾A½ Þ�(ÃPÞ�( ßÔÈ"�.¤§é§rÃ( ~Ðé¼!�#uPÞ�( PAÈ"�Ã>Ô§"� R§M�ß«'Ï�½È"�#§"�( ”M�Ã(ß«'È"�#2

——————

(DBC 35)





Paper – III : BUSINESS DATA PROCESSING SYSTEMS

Maximum : 20 MARKS


1) Control File.

¨¼!�(†~”$�Ï� R;—ÌŒý2

2) Data storage Files and Records.

|`�v� ¨ÃË R;—ÌŒýÖ È"�(¿¼!�# ¿PA¾‹�}Ã(2

3) Creating Database.

|`�v�³��ŒÔ ®P��¼��(ßÑ Œþ2

4) Distributed System.

|�� >Ôw².½u|‹� >ÔßÔtÐŒþ$2

5) State stepwise procedure to build database.

D†a$�Ã(YA |`�v�³��ŒÔ ¨¿»†a$�( PA¾Þ�½ßÔ¾Þ�Û¨ ”M�Ã(−È"�#2

6) Explain the important commands of Dbase software.

Dbase ÕeŒ—wÈ`�¾‹�Ä]¨ È"�#T½RÈM�(§"� PÞ�È"�.†|‹�Ã YÞ�(¿†b ÉÌ!�¢PÞ�¿†a$�(È"�#2

7) Bring out the Basic features and Menu options of MS – Word Software.

MS È"�¾‹�} ÕeŒ—wÈ`�¾‹� ¼P�#PÞ�S ~ß««§é§"� Ã…Þ�×êÃ(0 ÈM�(§"�. E;« Û ŒþÖÃ§"�( ”M�Ã(ß«'È"�#2

8) Describe the difference between data processing and data manipulation.

|`�v� ~¬eßÔ>Ô†Y‹� È"�(¿¼!�# |`�v� È"�.¨ß«'Ä��ßÑ Œþ È"�(¤ Þ�½ È"�½”r½ÕeÃ( ”M�Ã−†|��2

9) What are Formatted Reports? Explain the advantages of Formatted reports.

°e¾A»vP�|‹� ¿¬W¾‹�w Ö KÉB Ðév�� ¼P�#PÞ�S Hß«¼P�.YAÃ( ~Ðé¼!�#È"�#2

——————

(DBC 35)





Paper – III : BUSINESS DATA PROCESSING SYSTEMS

Maximum : 20 MARKS


1) Mailing Lables.

ÈM�(¾�#Å†Y‹� Ä��²(ÌŒýÖ2

2) Dialog Boxes.

R|M�Ä�Y‹� ³�P‹�ÖÃ(2

3) Format Menu.

°e¾A»sŒý ÈM�(§"�(2

4) Database administration.

|`�v�³��ŒÔ D|��»¨^(ÔwßÑ Œþ2

5) Describe what are the types of files.

R;—ÌŒý ¼P�#PÞ�S ¾Þ�PAÃ( ~Ðé¼!�#È"�#2

6) Features of Word processing.

È"�¾‹�} ~¬�;Ô>Ô†Y‹� Hß«¼P�.YAÃ( ¾A¼!�#È"�#2 7) Mail Merge creation in MS – Word.

JÐŒþ$2JŒÔ2 * È"�¾‹�}Ä] ÈM�(¾�#ÌŒý ÈM�(¾‹�m ®P��¼��(ßÑ Œþ YÞ�(¿†b ”M�Ã(−È"�#2

8) What are the different chartes used in Excel and Explain it in detail?

JP‹�Ö¼P�(ÌŒý Ä]¨ ÉÉ¤ Þ� ¾Þ�PAÃ ^é¾‹�w ÖÃYÞ�(¿†b ÉÈ"�¿†ß«'È"�#2

9) Write the Applications and limitations of Dbase Software.

Dbase ÕeŒ—wÈ`�¾‹�Ä]¨ D>«ÇP`�ßÑ ŒþÃ( È"�(¿¼!�# Ðév�� ß«¿É(”$�(Ã( ”M�Ã(−È"�#2

——————

(DBC 36)





Paper – III : CORPORATE ACCOUNTING

Maximum : 20 MARKS


1) Internal reconstruction.

D†”$�¾Þ�\”$� ß«'§"�¾‹� ¨¾A»Ï�È"�#

2) Liquidation expenses

ß«¿ßÔÈ"�.>«› T¾Þ�(dÃ(

3) Slip System

cv�� ß« Þ�¦‡

4) Revenue account

¾A²|�� U�™é

5) Compare Indian accounting standards with international accounting standards.

·�¾Þ�š¼!�( DP�†v��†Y‹� ~ß«È"�.Ï�Ã§"�( D†”$�¾Amš¼!�( DP�†v��†Y‹� ~ß«È"�.Ï�Ã”K ßÔ¿¬WÃ(dÈ"�#2

6) The following is the Balance Sheet of Mahesh Co. Ltd. As on 31 Dec. 2004:

Liabilities Rs. Assets Rs.

12,000 Shares of Land & Building 37,20,000

Rs. 500 each 60,00,000 Plant & Machinery 38,00,000

2,600 Debentures of Furniture & Fittings 1,00,000

Rs. 500 each 13,00,000 Patents & Trademarks 4,00,000

Sundry creditors 5,00,000 Stock 2,00,000

Insurance fund 1,30,000 Sundry Debtors 6,00,000

Workmen Cash 1,80,000

Savings bank 4,00,000

Reserve fund 6,50,000

Profit & Loss A/c 20,000

90,00,000 90,00,000

Kumar Co.Ltd. agreed to take over Mahesh Co.Ltd. on the following basis:

a) Payment of cash at Rs. 90 for every share in Mahesh Co. Ltd.

b) Payment of cash at Rs. 550 for every debenture in Mahesh Co. Limited.

c) Exchange of 4 shares of Kumar Co. Ltd. of Rs. 75 each (quoted in the market

Rs. 140 each) for every share in Mahesh Co.Ltd.

Write necessary Journal entries in the books of Mahesh Co. Ltd.

7525626448 È"�((×�ŒÑ PÞ�†2 ÅÉ(vP�|‹� E>Ô› Dß«•Ã ß«v��wPÞ� ®P��†¡ É¤ Þ�†YA H†¡2

Dß«•Ã( ¾Þ�.2 EßÔ(›Ã( ¾Þ�.2

560444 Ðév�Ã( ·!�.É(0 ·!�È"�¯éÃ( 7;0640444

5P�� ¾Þ�.2 944 ayß«•§"� :40440444 ¬eÇ†u(0 ¼!�(†~™éÃ( 7<0440444

60:44 |��³P�†a$�¾Þ�(Ç ß—¿ªa$�¾‹� È"�(¿¼!�# >—v��w†YÞ�(Ã( 50440444

5P�� ¾Þ�.2 944 ayß«•§"� 570440444 ~v�|‹� È"�.¾Þ�(SÃ( & («vP�†u(Ç 80440444

ÉÉ¤ Þ� ²#Ï�§é”$�Ã( 90440444 ßÔ¾Þ�(PÞ�( 60440444

¹È"�. ¨¤¡ 50740444 ÉÉ¤ Þ� ²#Ï�®YÞ�ßÔ(›Ã( :0440444

ß«¨Ðé¿ (ÔÉ†Y‹�Ö ³�½†PÞ�( 80440444 §"�YÞ� Þ�( 50<40444

¿i¾Þ�(Ë ß—†|‹� :0940444

Ä�·!�§"�ÒewÃ U�™é 640444

=40440444 =40440444

R;« PÞ�†;«©¨ PÞ�(È"�.¾‹� PÞ�†;«© ÅÉ(vP�|‹� G ®P��†¡ É¤ Þ�†YA šßÔ(PKÈ"�yé¨P�� Mß«−† Þ�† PÞ�(¡¿†¡2

a) È"�((×�ÔŒý PÞ�†;«©Ä]¨ ~ß«‡ Ðév�PÞ�( §"�YÞ� Þ�( ¾Þ�.2 =4Ã( aM�ÅÇ†ß«'2

b) È"�((×�ÔŒý PÞ�†;«©Ä] ~ß«‡ |��³P�†a$�¾Þ�(ÇPÞ�( §"�YÞ� Þ�( ¾Þ�.2 994Ã( aM�ÅÇ†ß«'2

c) È"�((×�ÔŒý PÞ�†;«©Ä]¨ ~ß«‡ Ðév�PÞ�( ² Þ�(Ã(YA PÞ�(È"�.¾‹� PÞ�†;«©Ä]¨ 8 Ðév�Ã( Ðév� 5P�� ¾Þ�.2 ;9Ã( j�À ,PKvP�†|‹�

È"�.¾M�SsŒý ÉÃ(È"� ¾Þ�.2 584 MPÞ� Ðév�PÞ�(-

È"�((×�ÔŒý PÞ�†2 ÅÉ(vP�|‹� ß«'ßÔ›PAÃÄ] DÈ"�ßÔ¾Þ�RÈM�(§"� ß« Þ�(£Ã( ~Ðé¼!�#È"�#2

7) The Balance Sheet of Surya & Co. Ltd. for the year ending 31-3-2011 was as

follows:

Liabilities Rs. Assets Rs.

Equity share capital Goodwill 1,00,000

(Rs. 10 each) 8,00,000

Reserve & surplus 1,50,000 Other fixed assets 12,00,000

10% Debentures 2,00,000 Current assets 2,00,000

Creditors 2,00,000

Provision for taxation 1,50,000

15,00,000 15,00,000

On the above date, an independent valuation of goodwill and other fixed assets was

made at Rs. 1,50,000 and Rs. 15,00,000 respectively. Current assets include debtors

of Rs. 1,00,000 out of which 15% as bad. The net profits of the company for the past

3 years were Rs. 1,20,000; Rs. 1,40,000 and Rs. 1,52,500 of which 20% was placed

to reserve. The normal rate of return 10%.

Calculate the value of share by net asset method and yield method.

ßÔ.¾A½ PÞ�†;«© ÅÉ(vP�|‹� Ðé¿ E>Ô› Dß«•Ã ß«v��wPÞ� 75*7*6455§"� ®P��†¡ É¤ Þ�È"�#YA È"�'§"�ª¡2

Dß«•Ã( ¾Þ�.2 EßÔ(›Ã( ¾Þ�.2

GP��ËvS� Ðév� È"�$Ã¤ Þ�§"�È"�# YÞ�(|‹�ÉÌŒý 50440444

,¾Þ�.2 54 ayß«•§"�- <0440444 ¿i¾Þ�(Ë0 É(YÞ�(Ú!�(Ý 50940444 F”$�¾Þ� >ÔŸ¾AßÔ(›Ã( 560440444

54%– |��³P�†a$�¾Þ�(Ç 60440444 ~ß«ßÔ(›”$� EßÔ(›Ã( 60440444

²#Ï�§é”$�Ã( 60440444

ß«§"�(ª PKßÔ† K¾A−u( 50940444

590440444 590440444

R;« ”`�¢§"�0 YÞ�(|‹�ÉÌŒý È"�(¿¼!�# F”$�¾Þ� >ÔŸ¾AßÔ(›Ã ß«'§"�C È"�$Ä�½†PÞ�§"� §éË¾A ¾Þ�.2 50940444 È"�(¿¼!�# ¾Þ�.2 590440444

È"�¾Þ�(ßÔYA ¨¾Þ��¾�#†a$�²|��§"�¡2 ~ß«ßÔ(›”$� EßÔ(›ÃÄ] ²#Ï�®YÞ�ßÔ(›Ã( ¾Þ�.2 504404440 F† Þ�(Ä] 59% ¾A¨ ³�PS�Ã(2 YÞ�”$� È"�$|Þ�( ßÔ†È"�”$�Ö¾Þ�È"�#Ã(YA ¨PÞ�¾Þ� Ä�·!�È"�#Ã( È"�¾Þ�(ßÔYA ¾Þ�.2 506404440 ¾Þ�.2 50840444 È"�(¿¼!�# ¾Þ�.2 50960944 YA È"�'§"�ª¡2

F† Þ�(Ä] 64% ¿i¾Þ�(Ë È"�'§"�ª¡2 ÕeÈ"�.§"�½ ¾A²|�� ¾`�u( 54%.

R;« D†ÌAÃ§"�( E«§é¾Þ�È"�#YA a`�ßÔ(Py¨0 Ðév� ÉÃ(È"�§"�( ¨PÞ�¾Þ� E>Ô› ß« Þ�¦‡ È"�(¿¼!�# ß—Ã ß« Þ�¦‡ §"�§"�(ßÔ¿†b ÄP�P��S†a$�†|��2

8) The following trial balance was extracted from the books of Sravani Bank Ltd. for

the year ending 31-3-2012.

Debit Balance Rs. Credit Balances Rs.

Money at call & short notice 22,500 Share capital 1,50,000

Cash in hand 30,000 General Reserve 61,500

Cash with RBI 45,000 Profit & Loss A/c 60,000

Investments 96,000 Deposits 8,89,500

Buildings 68,400 Borrowings 90,000

Balance with other banks 57,000 Bills payable 24,000

Cash credits 7,95,000 Staff security deposit 10,500

Interest on deposits and

Borrowings 1,18,500 Discount on bills 15,000

Bills purchased 1,80,000 Commission, Brokerage 13,500

Salary, other expenses 72,000 Interest on loans 1,75,500

Audit fee 5,100 Income from investment 8,700

Postage, Telegram, Stationary 6,300

Depreciation on assets 2,400

14,98,200 14,98,200

Adjustments:

a) Provide Rs. 10,000 for rebate on bills discounted

b) Bills for collection Rs. 1,50,000 and endorsement Rs. 1,40,000.

c) Provide income tax at 40% of net profit.

You are required to prepare bank Profit and Loss Account and Balance Sheet along with

necessary schedules.

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a`�‡Ä] §"�YÞ� Þ�( 740444 Õe«§é¾Þ�Ï� ¿i¾Þ�(Ë :50944

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580=<0644 580=<0644

ßÔ¾Þ�( ª»êu(Ç:

a) ¾Þ�.2 540444 ß×�(†|S�Ã( |��Õ�S†u(R;« ¿³��u( K¾A−u( a`�¼!�.Å2

b) È"�ßÔ.Ã( PKßÔ† ´Ã(ÇÃ( ¾Þ�.2 50940444 È"�(¿¼!�# {ÔËPÞ�’”$�(Ã( ¾Þ�.2 508404442

c) ¨PÞ�¾Þ� Ìê·!�È"�#R;« E§é¼!�( ß«§"�(ª 84% K¾A−u( a`�¼!�.Å2

R;« D†ÌAÃ§"�( E«§é¾Þ�È"�#YA a`�ßÔ(Py¨ »ê½†PÞ�( ¼P�#PÞ�S Ìê·!� §"�ÒewÃ Rê™é0 E>Ô› Dß«•Ã ß«v��wPÞ�§"�( DÈ"�ßÔ¾Þ�RÈM�(§"� ;Ñ|Þ�.½Ã(§"�(

”$�¼!�.¾Þ�( a`�ßÔ.› a$�.ß«†|��2

9) Rahiman Co. Ltd. Was incorporated on 1st May 2010 to take over the business of a

going concern from 1st January of the same year. The total turnover for the year

ending 31st December was Rs. 4,00,000 namely Rs. 1,20,000 upto May 1

st and Rs.

2,80,000 for the following period. The profit and loss account details are given

below. Ascertain the profit prior to incorporation and also divisable profits. Gross

profit Rs. 1,40,000.

Rent, Rates 6,480 Insurance 1,440

Lighting 4,080 Salaries 15,600

Director fee 4,000 Sales commission 20,000

Office expenses 4,800 Sales discount 10,000

Carriage outward 6,000 Bank charges 840

Repairs 2,760 Bad debts 1,200

Interest on loan 2,400 Net profit 60,400

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——————

(DBC 36)





Paper – III : CORPORATE ACCOUNTING

Maximum : 20 MARKS


1) Loss of stock

ßÔ¾Þ�(PÞ�( §"�ßÑwÈ"�#

2) Minority interest

DÃ−ßÔ†U�½PÞ�(Ã EßÔP��›

3) Statutory reserve

ÌAßÔ¯é”$�»PÞ� ¿i¾Þ�(Ë

4) Exchange ratio

É¨È"�(¼!�( ¨ßÑ−‡› 5) A life insurance company disclosed a fund of Rs. 2,00,000 and the balance sheet

total Rs. 45,00,000. On 31.12.01 before taking following into consideration.

a) A claim of 10,000 was intimated and admitted but not paid during the year.

b) A claim of 6000 outstanding in the books for 8 years

c) Interest on securities accrued Rs. 800 but not received during the year.

d) Rent on own building occupied Rs. 2,000.

e) Premium of 600 is payable under reinsurance.

f) Re-insurance recoveries 26,000.

g) Bonus utilized in reduction of premium Rs. 10,000 and

h) Agents commission to be paid 8000.

Pass the necessary journal entries for the above omission recomputed the fund show

he balance sheet total after making the above adjustments.

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ÈM�#”$�›† ¾Þ�.2 890440444 ”M�Å¼!�(j��ßÔ(›†¡2

a) E ßÔ†È"�”$�Ö¾Þ�È"�#Ä] 540444 PM�Ç¾�#ÐŒþ$ ”M�Å¼!�(a`�>Ô D†[PÞ�¿†b§"�ß«−v��P�� ¾�#†PA aM�ÅÇ†a$�Ä�� Þ�(2

b) YÞ�”$� < ßÔ†È"�”$�Ö¾AÃ §"�(†b aM�ÅÇ†^éÅÖ§"� :444 PM�Ç¾�#ÐŒþ$§"�( ¾Þ� Þ�(£ a`�¼!�.Å2

c) ;ÔPÞ�.½¿vS��ÃR;« E¿m†b§"� È"�|S�} <44 ßÔ†È"�”$�Ö¾Þ�È"�#Ä] ¾�#†PA È"�ßÔ.Ã( PAÄ�� Þ�(2

d) E®PÞ�É(†b§"� Õ�†”$� ·!�È"�§"�† R;« D M�£ ¾Þ�.2 604442

e) ß«'§"�ÀºÈ"�. È"�ßÔ.Ú!�Ý ®P��† Þ� ¾Þ�.2 :44 aM�ÅÇ†a$�|Þ�RÈM�(§"�¡2

f) ß«'§"�ÀºÈ"�. È"�ßÔ.Ã( 6:04442

g) ~{«É(¼!�(† ”$�Z\†ß«'YA É¨¼P�.Z†b§"� ³]§"�ŒÔ ¾Þ�.2 5404442

h) aM�ÅÇ†^éÅÖ§"� KjP�†uÇ PÞ�Ê(ßÑ Œþ ¾Þ�.2 <04442

R;« ßÔ¾Þ�(£³�uÇPÞ�( bv�w ß« Þ�(£Ã( ~Ðé >Ô0 ¨¤¡¨ ‡¿Z ÄP�P��S†b R;« ßÔ¾Þ�(£³�uÇ ”$�¾AË”$� E>Ô›*Dß«•Ã ß«vS�w ÈM�#™é › ª PÞ�§"�(Yy§"�†|��2

6) The summarised Balance Sheets as on 31-12-05 of Rama Ltd. and Krishna Ltd. are

as under.

Liabilities Rama Krishna Assets Rama Krishna

Ltd. (Rs.) Ltd. (Rs.) Ltd. (Rs.) Ltd. (Rs.)

Authorised and issued Goodwill - 1,00,000

capital of Rs. 100 each 15,00,000 5,00,000 Buildings 6,00,000 -

Capital Reserve - 50,000 Plant and Machinery 6,50,000 4,20,000

General Reserve 2,00,000 60,000 Furniture 10,000 5,000

Profit and Loss A/c 1,20,000 - Stock 3,80,000 2,10,000

6% Debentures - 3,00,000 Debtors 2,30,000 1,80,000

Creditors 2,40,000 95,000 Cash and bank balance 1,90,000 15,000

Expenses on new project - 75,000

20,60,000 10,05,000 20,60,000 10,05,000

Krishna Ltd. was absorbed by Rama Ltd. on 1st January 2006 on the terms given

below:

a) Fixed assets other than goodwill to be valued at Rs. 5,00,000 including Rs.

6,000 for Furniture.

b) Stock to be reduced by Rs. 20,000 and debtors by 5%.

c) Rama Ltd. to assume liabilities and to discharge 6% debentures by the issue of 5%

debentures and a cash premium of 6%.

d) The new project to be valued at Rs. 95,000.

e) The shareholders of Krishna Ltd. to receive cash payment of Rs. 30 per share plus

four equity shares in Rama Ltd. for every five shares held.

f) Rama Ltd. to pay liquidation expenses of Krishna Ltd. amounting to Rs.

6,000.

Draft the journal entries in the books of Krishna Ltd. and Rama Ltd. and Balance

Sheet after absorption.

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a) YÞ�(|‹�ÉÌŒý É(§"�Ø É(ZÅ§"� >ÔŸ¾AßÔ(›Ã§"�( ¾Þ�.2 90440444Ã(YA ¨¾Þ��¾�#†b¯é¾Þ�(2 ,¾Þ�.2 :0444 ß—¿ªa$�¾Þ�(”K ßÔØ-

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d) Py”$�› ~¬ejP�PÞ�(w ÉÃ(È"� ¾Þ�.2 =90444Ã(YA ¨¾Þ��¾�#†b¯é¾Þ�(2

e) ®P��ßÑ� ÅÉ(vP�|‹� Ðév�§é¾Þ�(ÃPÞ�( MPySPÞ�S Ðév�PÞ�( ¾Þ�.2 74 ayß«•§"� §"�YÞ� Þ�( aM�ÅÇ†ß«' È"�(¿¼!�# ~ß«‡ 9 Ðév�ÃPÞ�( ¾AÈ"�.

ÅÉ(vP�|‹�Ä] 8 Õe«§é¾Þ�Ï� Ðév�Ã( ¬�† Þ�(™é¾Þ�(2

f) ¾AÈ"�. ÅÉ(vP�|‹� PÞ�†;«© ÅP��Ë|`�ßÑ Œþ T¾Þ�(dÃ ®P��† Þ� ®P��ßÑ� ÅÉ(vP�|‹�PÞ�( ¾Þ�.2 :0444 aM�ÅÇ†^éÅ2

R;«ÉÈ"�¾AÃ §"�(†|�� ¾M�†|Þ�( PÞ�†;«©Ã ß«'ßÔ›PAÃÄ] bv�w ß« Þ�(£Ã( ~Ðé >Ô0 ßÔ†Æ§"�È"�# ”$�¾AË”$� E>Ô›0 Dß«•Ã ß«vS�w¨ a$�.ß«†|��2 7) On 1

st April 2000 a company issued debentures for Rs. 1,00,000 redeemable at par

at the end of 5 years and it was resolved that a sinking fund should be formed and

invested in tax free securities, assuming that the interest received on the investments

was at the rate of 5 per cent on cost, that the interest was received yearly and

immediately invested and that the investments were realised at a loss of Rs. 300 at

the end of five years.

Reference to the sinking fund table shows that Re. 0.180975 invested at the end of

year, at 5% compound interest will produce Rs. 1 at the end of 5 years.

Prepare sinking fund account and sinking fund investment account.

5 K~>«ÌŒý 6444§"� MPÞ� PÞ�†;«© 9 È"� ßÔ†È"�”$�Ö¾Þ�† ET¾Þ�(§"� ßÔÈ"�(È"�$Ìê½¨P�� ÉÈM�.a$�§"�† a`�(Ô ¨É(”$�›† ¾Þ�.2 50440444

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;«u(w²|�� ;«vP�w§"�(2 L Þ�È"� ßÔ†È"�”$�Ö¾Þ�† ET¾Þ�(§"� ;«u(w²|Þ�(Ã( ¾Þ�.2 744 §"�ßÑw†§"�PÞ�( È"�ßÔ.Ã¾�#¯é¾�#2

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425<4=;9 ;«u(w²|�� ;«uwÈ"�ÄP�§"�¨ ”M�Å¼!�( a`�¼!�#a$�(§"�ª¡2

¨…�ß« ¤¡ Rê™é§"�( È"�(¿¼!�# ¨…`�ß«¨¤¡ ;«u(w²|�� Rê™é§"�( ”$�¼!�.¾Þ�( a`�¼!�(†|��2

8) H Ltd. acquired 80,000 shares of Rs. 10 each in S Ltd., on 1.10.2010. The

summarized Balance Sheets of H Ltd., and S Ltd., on 31.3.2012 were as under

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

Rs. Rs. Rs. Rs.

Share capital in Goodwill 1,00,000 -

shares of Rs.10 each 20,00,000 10,00,000 Machinery 5,00,000 4,50,000

Furniture 20,000 40,000

P & L A/c 50,000 45,000 Shares in S Ltd. 8,80,000 -

Reserves 1,00,000 1,50,000

9% Debentures - 2,00,000 Stock 5,20,000 6,50,000

Bills payable 20,000 10,000 Debtors 1,80,000 2,70,000

Creditors 4,00,000 2,00,000 Bills receivable 10,000 15,000

Cash 2,80,000 1,80,000

9% Debentures in S Ltd 80,000 -

25,70,000 16,05,000 25,70,000 16,05,000

Bills receivable of S Ltd., include bills for Rs. 8,000 accepted by H Ltd., and creditors of

S Ltd., include Rs. 20,000 due to H Ltd., an amount of Rs. 30,000 was transferred by S

Ltd., from the current year profit to Reserves. Prepare consolidated Balance Sheet.

525426454 ¯é|Þ�( H Ltd20 Ðé¾Þ�( S Ltd20 Ä] <40444 ÐésêÃ( Ðésê 5 P�� ¾Þ�.2 54 ay||§"� PÞ�ÅZ È"�'§"�ª¡2

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Dß«•Ã( H Å2 S Å2 EßÔ(›Ã( H Å2 S Å2 ¾Þ�.2 ¾Þ�.2 ¾Þ�.2 ¾Þ�.2

Ðésê È"�$Ã¤ Þ�§"�† YÞ�(|‹�ÉÌŒý 50440444 *

¾Þ�.2 54 Ã ÐésêÄ]Ç 640440444 540440444 ¼!�(†~™éÃ( 90440400 80940444

ß—Àªa$�¾‹� 640444 840444

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=) |��³P�†a$�¾Þ�(Ç * 60440444 ²#Ï�®YÞ�ßÔ(›Ã( 50<40444 60;40444

aM�ÅÇ†ß«' ´Ã(ÇÃ( 640444 540444 È"�ßÔ.Ã( ´Ã(ÇÃ( 540444 590444

²#Ï�§é”$�Ã( 80440444 60440444 §"�YÞ� Þ�( 60<40444 50<40444

S Å20 Ä]¨ =% |��³P�†a$�¾Þ�(Ç <40444 *

690;40444 5:0490444 690;40444 5:0490444

S Ltd., Ä]¨ È"�ßÔ.Ã( ´Ã(ÇÄ]Ç ¾Þ�.2 <0444 Ã ´Ã(ÇÃ( H Ltd., D†[PÞ�¿†^éÃ¨ PÞ�Å>Ô È"�'§"�ªÉ2 S Ltd., Ä]¨ ²#Ï�§é”$�Ä]Ç H

Ltd20 PÞ�( aM�ÅÇ†^éÅÖ§"� ¾Þ�.2 640444 Ã( PÞ�Å>Ô È"�'§"�ªÉ2 ”$�§"� È"�¾Þ�›È"�.§"� ßÔ†||¾Þ� Ìê¿êÄ]Ç §"�(†b S Ltd20 ¾Þ�.2 740444 Ã( ¿i¾Þ�(Ë ¤¡P��

È"�(ÛÇ†b†¡2 KPS�PÞ�’”$� E>Ô› Dß«•Ã ß«v��wPÞ�§"�( ”$�¼!�.¾Þ�( a`�¼!�(†|��2

9) Krishna Co. Ltd. went into voluntary liquidation on 31.12.2012. The following was

the position of the company:

Rs.

Share capital in shares of Rs. 10 each fully paid. 1,00,000

Unsecured creditors 36,000

Partly secured creditors with a charge on the leasehold property 24,000

Preferential creditors 9,800

Assets realized:

Leasehold property 20,000

Other assets 86,000

Liquidation expenses amounted to Rs. 1,680. The liquidator is entitled for a

remuneration of Rs. 1,200 plus 2% on all assets realized plus 2% on amount paid to

unsecured creditors. Prepare liquidator’s final statement account.

7525626456 ¯é|Þ�( PÞ�’ßÑ� PÞ�†;«© F^éh ß«Q¾Þ�ËPÞ� ß«¿ßÔÈ"�.>«› aM�†¡§"�¡2 §é¨ >ÔŸ‡YÞ�”$�(Ã( ¡YÞ�(È"� É¤ Þ�†YA È"�'§"�ª¡2 ¾Þ�.2

¾Þ�.2 54 ß«Q¿›YA aM�ÅÇ†b§"� ÐésêÄ]Ç¨ È"�$Ã¤ Þ�§"�† 50440444

ØÊ( Ä��¨ ²#Ï�§é”$�Ã( 7:0444

P�Ã(§éÀ E>Ô› Ê( Þ� ”$�§"�Rê PÞ�Å\§"� Py†”$� ØÊ( YÞ�Ã ²#Ï�§é”$�Ã( 680444

E¤¡PÞ�½ß«' ²#Ï�§é”$�Ã( =0<44

EßÔ(›Ã( È"�ßÔ.Ú!�(Ç:

P�Ã(§éÀ E>Ô› 640444

F”$�¾Þ� EßÔ(›Ã( <:0444

ß«¿ßÔÈ"�.>«› T¾Þ�(dÃ( ¾Þ�.2 50:<42 ÅP��Ë|`�u¾Þ�(PÞ�( ¾Þ�.2 50644 ¬e¿”K>ÑPÞ�† ¬eu(YA EßÔ(›Ã È"�ßÔ.Ú!�Ç Ê( Þ� 6% È"�(¿¼!�#

ØÊ( Ä��¨ ²#Ï�§é”$�ÃPÞ�( aM�ÅÇ†a`� ÈM�#”$�› Ê( Þ� 6% PÞ�Ê(ßÑ ŒþYA Ã¸†a$�(§"�(2 ÅP��Ë|`�u¾‹� ”$�(¡ ¨È`�¡PÞ� Rê™é ”$�¼!�.¾Þ�(

a`�¼!�#È"�#2

——————

(DBC 37)





Paper – III : ADVANCED MANAGEMENT ACCOUNTING

Maximum : 20 MARKS


1) Limitations of financial accounting

É”$�› DP�†v��†Y‹� ß«¿É(”$�(Ã(

2) Flexible budget

a$�¾Þ� ²|M�msŒý

3) IRR

D†”$�¾Þ�\”$� ¾A²|�� ¾`�u(

4) Flow of fund

¨¤¡ ~ß«Ðé ß×�È"�#

5) Explain the role of management accountant.

¨¾AËß×�PÞ� DP�†vP�†sŒý ¬e~”$�§"�( ÉÈ"�¿†a$�(È"�#2

6) The following cost details are extracted from the records of Sukesh & Co. for the

year ending 31st December 2011 and 2012.

31.12.2011 31.12.2012

Sales (in Rs. Lakhs) 150 200

Total Cost (in Rs. Lakhs) 120 150

You are required to calculate:

a) Profit volume ratio.

b) Fixed cost.

c) Break even point of sales.

d) Sales required to earn a profit of Rs. 90 lakh and

e) Profit when sales are Rs. 280 lakhs.

ßÔ(U��ŒÑ PÞ�†;«© ÅÉ(vP�|‹� Ðé¿ ß«'ßÔ›PAÃ §"�(†|�� (ÔPÞ�¿†a$�²|��§"� È"�½¼!�( ÉÈ"�¾Þ�È"�#Ã( 75 |��;Ô†²¾‹� 6455 È"�(¿¼!�# 6456

¯év��P�� ®P��†¡ É¤ Þ�È"�#YA È"�'§"�ª¡2

7525626455 7525626456

DÈ"�(»PAÃ( ,¾Þ�.2 Ã…Þ�ÃÄ]- 594 644

ÈM�#”$�›È"�# È"�½¼!�(È"�# ,¾Þ�.2 Ã…Þ�ÃÄ]- 564 594

R;« D†ÌAÃ§"�( E«§é¾Þ�È"�#YA a`�ßÔ(Py¨

a) P/V ¨ßÑ−‡›¨

b) >ÔŸ¾Þ� È"�½¼!�.¨ª

c) Ìê·!�§"�ßÑw ¾Þ�>×�”$� DÈ"�(»PAÃ§"�(

d) ¾Þ�.2 =4 Ã…Þ�Ã( Ìê·!�È"�# E¿m†a$� È"�ÄP�§"�§"�ª DÈ"�(»PÞ�ß«' ÉÃ(È"�§"�(

e) DÈ"�(»PAÃ( ¾Þ�.2 6<4 Ã…Þ�Ã( D¾�#§"� ¨PÞ�¾Þ� Ìê¿ê¨ª ÄP�P��S†a$�†|��2

7) Following information relate to a company for a 60% capacity. Prepare a flexible

budget for production at 80% and 100% capacity with the following:

Production at 60% capacity 1200 units

Material Rs. 200 per unit

Labour Rs. 80 per unit

Expenses Rs. 20 per unit

Factory overheads Rs. 80,000 (40% fixed)

Administrative overheads Rs. 60,000 (60% fixed)

MPÞ� PÞ�†;«© ¼P�#PÞ�S :4% H™é− Þ�PÞ� Ì!�P��›P�� ßÔ†²†¤¡†b§"� ÉÈ"�¾AÃ( ®P��†¡©¼!�(²|��¯é¾�#2 <4% È"�(¿¼!�# 544% H™é− Þ�PÞ�

Ì!�P��›P�� G ÉÈ"�¾AÃ E«§é¾Þ�†YA a$�¾Þ� ²|M�msŒý ”$�¼!�.¾Þ�( a`�¼!�(†|��2

:4% H™é− Þ�PÞ� Ì!�P��›P�� H”$�−‡› 5644 ¼!�$¨u(Ç

ÈM�(vS�¿¼!�(ÌŒý ¾Þ�.2 644 MPÞ�S ¼!�$¨sŒýP��

®Ì!�È"�( ¾Þ�.2 <4 MPÞ�S ¼!�$¨sŒýP��

T¾Þ�(dÃ( ¾Þ�.2 64 MPÞ�S ¼!�$¨sŒýP��

°e½PÞ�wÀ NÈ"�¾‹� ;×�|‹�Ö ¾Þ�.2 <40444 ,84% >ÔŸ¾Þ�È"�#-

ß«¿¬eÃ§"� NÈ"�¾‹�;×�|‹�Ö ¾Þ�.2 :40444 ,:4% >ÔŸ¾Þ�È"�#-

8) Explain the significance of MIS.

MIS ¼P�#PÞ�S ~¬eÈ"�#T½”$�§"�( ÉÈ"�¿†a$�(È"�#2 9) The standard labour mix for producing 100 units of a product is

4 skilled men @ Rs. 3 per hour for 20 hours

6 unskilled men @ Rs. 2 per hour for 20 hours.

But due to shortage of skilled men, more unskilled men were employed to produce

100 units.

Actual hours paid were

2 skilled men @ Rs. 4 per hour for 25 hours.

10 unskilled men @ Rs. 2.50 per hour for 25 hours.

Compute the labour mix variance.

544 ¼!�$¨u(Ç ”$�¼!�.¾Þ�( a`�¼!�#uPÞ�( ~¬eÈ"�.Ï��PÞ� É(®Ì!�È"�( * ®Ì!�È"�( R§M�ß«'Ï�½† YÞ�Ã ®ÌAÉ(PÞ�(Ã( §"�Ã(YÞ�(¾Þ�( 64 YÞ�†uÃ(0 YÞ�†u

MP��S†v��P�� ¾Þ�.2 7 R§M�ß«'Ï�½†Ä��¨ ®ÌAÉ(PÞ�(Ã(0 E¾Þ�(YÞ�(¾Þ�( 64 YÞ�†uÃ(0 YÞ�†u MP��S†v��P�� * ¾Þ�.2 6 R§M�ß«'Ï�½† YÞ�Ã ®ÌAÉ(PÞ�(Ã(

Ã¸†a$�§"�† Þ�(È"�Ã§"� R§M�ß«'Ï�½†Ä��¨ ®ÌAÉ(PÞ�(Ã§"�( 544 ¼!�$¨u(Ç H”$�−‡›Ä] Hß«¼P�.Z†a$�|Þ�RÈM�(§"�¡2 Ðé ßÔ›ÉPÞ� aM�ÅÇ†ß«'Ã(

,YÞ�†uÃÄ]-2

R§M�ß«'Ï�½† YÞ�Ã ®ÌAÉ(PÞ�(Ã( F Þ�£¾Þ�( ,6- 69 YÞ�†uÃ(0 YÞ�†u MP��S†v��P�� ¾Þ�.2 8 R§M�ß«'Ï�½† Ä��¨ ®ÌAÉ(PÞ�(Ã( 54 È"�(†¡0 69

YÞ�†uÃ(0 YÞ�†u MP��S†v��P�� ¾Þ�.2 6294 ®ÌAÉ(PÞ� É(®Ì!�È"�( Éa$�¾Þ�×ê¨ª PÞ�§"�(Yy§"�†|��2

——————

(DBC 37)





Paper – III : ADVANCED MANAGEMENT ACCOUNTING

Maximum : 20 MARKS


1) Absorption costing

ßÔ†Æ§"� È"�½¼!�.†PÞ�È"�#

2) Break even point

ßÔÈ"�( T†|Þ�§"� ´† Þ�(È"�'

3) Standard cost

~¬eÈ"�.Ï��PÞ� È"�½¼!�(È"�#

4) Overhead Variance

NÈ"�¾‹� ;×�|‹� Éa$�¾Þ�Ï�È"�#

5) From the following data, calculate overhead variances.

Budgeted overheads:

Fixed Rs. 6,000

Variable Rs. 4,000 10,000

Actual overheads:

Fixed Rs. 5,000

Variable Rs. 5,000 10,000

Budgeted output: 10,000 units

Actual output: 8,000 units

Budgeted hours: 5,000

Actual hours: 5,000

®P��†¡ ÉÈ"�¾AÃ §"�(†|�� ß«¾K…Þ�È"�½¼!�( Éa$�¾Þ�Ï�Ã§"�( ÄP�P��S†a$�†|��2

²|M�mvP�|‹� ß«¾K…Þ� È"�½¼!�.Ã(

>ÔŸ¾Þ� È"�½¼!�.Ã( ¾Þ�.2 :0444

a$�¾Þ� È"�½¼!�.Ã( ¾Þ�.2 80444 540444

DßÔÃ( ß«¾K…Þ� È"�½¼!�.Ã(

>ÔŸ¾Þ� È"�½¼!�.Ã( ¾Þ�.2 90444

a$�¾Þ� È"�½¼!�.Ã( ¾Þ�.2 90444 540444

²|M�mvP�|‹� H”$�−‡› 540444 ¼!�$¨u(Ç

DßÔÃ( H”$�−‡› <0444 ¼!�$¨u(Ç

²|M�mvP�|‹� YÞ�†uÃ( 90444

DßÔÃ( YÞ�†uÃ( 90444

6) From the following information, prepare a funds flow statement of Venu Ltd.

Balance Sheets of Venu Ltd. As at 31.3.2004-2005


Rs. Rs. Rs. Rs.

Share capital 1,00,000 1,25,000 Buildings 1,00,000 95,000

General reserve 25,000 30,000 Plant 75,000 84,500

Profit and Loss a/c 15,250 15,300 Stock 50,000 37,000

Bank loan 35,000 20,000 Debtors 40,000 32,100

Creditors 75,000 47,600 Cash 250 300

Provisions for 15,000 17,500 Goodwill - 6,500

taxation

2,65,250 2,55,400 2,65,250 2,55,400

Additional information:

a) Dividend paid – Rs. 11,500

b) Depreciation on plant – Rs. 9,000.

c) Income tax paid during the year Rs. 16,500

d) Depreciation on buildings – Rs. 5,000

G ®P��†¡ ßÔÈ"�.^é¾Þ�† E«§é¾Þ�†YA È`�Ï�( Å2 Ðé¿ ¤ Þ�(Ã ~ß«Ðé ß×� ¨È`�¡PÞ� ”$�¼!�.¾Þ�( a`�¼!�(†|��2

752726448 È"�(¿¼!�# 752726449 §"� È�Ï�( Å2 E>Ô›0 Dß«•Ã ß«vS�wÃ(

Dß«•Ã( 6448 6449 EßÔ(›Ã( 6448 6449 ¾Þ�.2 ¾Þ�.2 ¾Þ�.2 ¾Þ�.2

Ðésê È"�$Ã¤ Þ�§"�† 50440444 50690444 ·!�È"�¯éÃ( 50440444 =90444

Õe «§é¾Þ�Ï� ¿i¾Þ�(Ë 690444 740444 ¬eÇ†u( ;90444 <80944

Ìê·!�§"�ÒewÃ Rê™é 590694 590744 ÕewP‹� 940444 7;0444

»ê½†PÞ�( ²#Ï�† 790444 640444 ²#Ï�®YÞ�ßÔ(›Ã( 840444 760544

²#Ï�§é”$�Ã( ;90444 8;0:44 §"�YÞ� Þ�( 694 744

ß«§"�(ªRPM� K¾A−u( 590444 5;0944 YÞ�(|‹�ÉÌŒý * :0944

60:90694 60990844 60:90694 60990844

D Þ�§"�ß«' ßÔÈ"�.^é¾Þ�†

i) ¾Þ�.2 550944 |��É|M�†|‹� aM�ÅÇ†^é¾Þ�(2

ii) ¬eÇ†u(R;« ”$�¾Þ�(YÞ�( Þ�Ã ¾Þ�.2 =0444

iii) ßÔ†È"�”$�Ö¾Þ�†Ä] aM�ÅÇ†b§"� E§é¼!�(ß«' ß«§"�(ª ¾Þ�.2 5:0944

iv) ·!�È"�¯éÃR;« ”$�¾Þ�(YÞ�( Þ�Ã ¾Þ�.2 90444

7) From the Balance Sheets of Aravind Co Ltd. you are required to prepare Cash Flow

Statement:

Liabilities 31.12.03 31.12.04 Assets 31.12.03 31.12.04

7% preference shares - 10,000 Fixed assets 41,000 40,000

Equity shares 40,000 40,000 Less: Depreciation 11,000 15,000

General reserve 2,000 2,000 30,000 25,000

P & L A/c 1,000 1,200 Debtors 20,000 24,000

Debentures 6,000 7,000 Stock 30,000 35,000

Creditors 12,000 11,000 Cash 1,200 3,500

Taxation provision 3,000 4,200 Prepaid expenses 300 500

Proposed dividend 5,000 5,800

Bank overdraft 12,500 6,800

81,500 88,000 81,500 88,000

D¾Þ�É† ‹� PÞ�†;«© ÅÉ(vP�|‹� Ðé¿ E>Ô› Dß«•Ã ß«v��wPÞ�Ã¯é«§é¾Þ�†YA a`�ßÔ(Py¨ §"�YÞ� Þ�( ~ß«Ðé ß×� È`�¡PÞ�§"�( ”$�¼!�.¾Þ�( a`�¼!�(†|��2

Dß«•Ã( 75256247 75256248 EßÔ(›Ã( 75256247 75256248 ;)–E¤¡PÞ�½ß«' Ðésê * 540444 >ÔŸ¾Þ� EßÔ(›Ã( 850444 840444

GP��ËvS� Ðésê 840444 840444 ,*- ”$�¾Þ�(YÞ�( Þ�Ã 550444 590444

Õe «§é¾Þ�Ï� ¿i¾Þ�(Ë 60444 60444 740444 690444

Ìê·!�0 §"�ÒewÃ Rê™é 50444 50644 ²#Ï�®YÞ�ßÔ(›Ã( 640444 680444

|��³P�†a$�¾Þ�(Ç :0444 ;0444 ßÔ¾Þ�(PÞ�( ¨ÃË 740444 790444

²#Ï�§é”$�Ã( 560444 550444 §"�YÞ� Þ�( 50644 70944

ß«§"�(ªPKßÔ† K¾A−u( 70444 80644 È"�#† Þ�(YA aM�ÅÇ†b§"� 744 944 T¾Þ�(dÃ(

~ß«‡¬e¡†b§"� |��É|M�†|Þ�( 90444 90<44

»ê½†PÞ�( NÈ"�¾‹�~yé Œ—w 560944 :0<44

<50944 <<0444 <50944 <<0444 8) A textile company is considering to invest in a project which costs Rs. 20,00,000.

Estimated salvage value of zero, tax rate is 30% . The company uses straight line

depreciation for tax purpose and the proposed CFBT (Cash Flow Before Tax) from

the project are as under:

Year CFBT

Rs.

1 4,00,000

2 4,00,000

3 6,00,000

4 6,00,000

5 10,00,000

Determine

i) Payback period

ii) Average rate of return

iii) Internal rate of return

iv) NPV at 15%

MPÞ� vP�P‹�ÖRvP�ÌŒý PÞ�†;«© 640440444 Ã( ;«u(w²|��YA MPÞ� ~¬ejP�PÞ�(wÄ] ;«sê wÃ¨ ¨Ì!�d¾�#†b†¡2 ¾Þ� Þ�(£ ÉÃ(È"� ßÔ(¯éª2 ß«§"�(ª ¾�u( 74% >ÔŸ¾Þ� Ðé¾�#§éÃ ß« Þ�¦‡ ~ß«PA¾Þ�†YA ”$�¾Þ�(YÞ�( Þ�Ã ÄP�P��SÕe›¾Þ�(2 ß«§"�(ªPÞ�( È"�#† Þ�( ”$�¾Þ�(YÞ�( Þ�Ã ”$�¾AË”$� E§é¼!�(† (CFBT) ¡YÞ�(È"� É¤ Þ�†YA È"�'§"�ª¡2

ßÔ†||Ã( CFBT

¾Þ�.2 5 80440444

6 80440444

7 :0440444

8 :0440444

9 540440444

R;« ÉÈ"�¾AÃ E«§é¾Þ�†YA

i) ‡¿Z aM�ÅÇ†ß«' PAÃ È"�½È"�¤¡ ii) ßÔYÞ�u( ¾A²|�� ¾`�u( iii) D†”$�¾Þ�\”$� ¾A²|�� ¾`�u( È"�(¿¼!�# iv) 59% |��Õ�S†u( ¾`�u( È"� Þ�£ ¨PÞ�¾Þ� ~ß«ßÔ(›”$� ÉÃ(È"� PÞ�§"�(PKS†|��2

9) Rockson Ltd. Purchases 10000 units p.a. from an outside supplier at Rs. 10 each.

The management feels that this component should be manufactured rather than

buying it from outside. For this purpose a machine costing Rs. 50,000 will be

required to be installed. Its annual capacity is 30,000 units and life is 5 years. The

following additional information is available:

Material cost per unit will be Rs. 2.00

Labour cost per unit will be Rs. 1.00

Variable overheads 100% of labour cost. Advice the management.

¾AP‹�ßÔ Œþ Å|| ²¼!�(u ßÔß«Ç¼!�(¾‹� §"�(†|�� MPySPÞ�S ¼!�$¨sŒýPÞ�( ¾Þ�.|| 54/- ay||§"� 54444 ¼!�$¨uÇ§"�( Py§"�(YKÃ( a`�ßÔ(›†¡2 G

PA†¬W§M�†sŒý§"�( Py§"�(YKÃ( a`�(Ô² Þ�(Ã( H”$�−‡› a`�¼!�(|Þ�† È"�(†b Þ�¨ ¼!�.iÈ"�.§"�½† ¿êÉßÔ(›§"�ª¡2 H”$�−‡› a`�(Ô› ,¾Þ�.||-

940444 ÉÃ(È"� YÞ�Ã ¼!�(†~™é¨ª Py¨ ÕeŸ>«†a$�È"�Ã>Ô H†u(†¡2 ¼!�(†~”$�† Ðé¿ÓPÞ� Ì!�P��› 740444Ã ¼!�$¨u(Ç0 lÉ”$�PAÃ†2 9

ßÔ†||Ã(2

D Þ�§"�ß«' ßÔÈ"�.^é¾Þ�†:

¼!�$¨sŒý ÈM�(vS�¿¼!�(ÌŒý È"�½¼!�(† ,¾Þ�.2- 62442

¼!�$¨sŒý ®ÌAÉ(PÞ� È"�½¼!�(† ,¾Þ�.2- 52442

a$�¾Þ� ß«¾K…Þ� È"�½¼!�.Ã( ®ÌAÉ(PÞ� È"�½¼!�(†Ä] 544%2 ¼!�.iÈ"�.¯é½¨P�� ßÔÃØ¨È"�Ë†|��2

——————

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