Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Dec 2005
1. BACHELOR'S DEGREE PROGRAMME
Term-End Examination
December.2OO5
ELECTIVE
COURSE COMMERCE
:
ECO-1 : EUSIN€SSOPGANISATTON
Time : 2 hours MsximumMorks: 50
(Weightage7tr/d
Note I Attempt batt, Secl,onA and SectionB.
SECNON A
l. Attemptanytost of the following
r 5+5+5+g
{a) Distinguishbetw€ena fJublictimltedcompanyand a
plilate limit€d company.
(b) Write a brief note on retatnedprofit$ as a souie of
long-ieim capital.
{c) Dl{f€rentiate behr€en {ix€d capital and working
capital.
{d} What is outdoormediaot advertisirE? When do you
preJe? D€dium for advertising
thls ?
P.T.O.
2. {e} Staie the leahv€l of an ideal medium of advertislng.
(0 Write a short note ol1 lhe conlainerisation fot
lranspon of goods.
{g) Stafe the rnain .feafures of depattmental form of
organisation of public etltetprises.
(h) Dffercntiaie behr,een lrade association and chambeE
of cotnmetce,
ECO'1
3. SECTION B
Note ' Attempt any three ol the t'ollou]ing.
2. "Partnership form of organisation emerged essentially
because the limitations lailureof the sol€trade, Iorm
of and
of orgaDisaljor. CorDment.
" lO
3 . Discuss
larious factorswhich determine ,rorking capital
the
requiremenis o corhpany.
of jO
4 . You are the marketingexecutive o pharmaceulrcal
of
company. Explain the prmedure you lollow when you
export the rnedicines USA.
to 10
i . 5 Wiat is a business ? Discuss
risk varioustypes of business
risks and statewhich of theseare insurable. 2+6+2
OR
Briefly explain,!rious aspects a leasibilit report.
of 10
6. Why is jt necessary governmentto pariicipatedirectly
for
in business Explain.
? 10
What is a public limited company ? Can rt commence
business immediittelyafter its incorporation? Il not, what
elsehas to be done belore it can commence business ? 10
ECO-1
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wia cfr$
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ei6
(w 617oo/o)
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",r+
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tfr * s|q{ + Fc i
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1q) f{$T{ * qra qr{q i wr are{ i I eilc{
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ECO-1 P.T.O.
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rds d&q r
({) cld 4Er + kq +}{i-off q{
(containefisation)
16 {fuq lequftAruq I
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drcr3ii 61 3-d€ difrq I
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ECO,1
6. TIE€
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*
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+
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{Rdr gqr r" {s 6qi * s4sn dtq | 10
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q}
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ersP{dt u qreqrdfus | L0
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e n
ECO-1 8,O00
7. BACHE!.OR'SDEGBEEPROGBAMME
Term-End Examination
Decernber,2O05
COURSE COMMERCE
ELECTIVE :
ECO-2: ACCOUNTANCY-I
Time: 2 hours Moximum Ma*s : 50
Note I Attempt ang fotr questions including question
no. 7 which is cornpstsory.
l. Answetany thr'ee questions the lollowing ,
of 14
{a) What is JouDai Proper ? What type of t}ansactions
are recordedin it ?
(b) What is Suspens€
Account ? ,Vhatpurposedoes it
(c) Explain the limitatlons of Single Entry System of
Accounting.
(d) What do you mean by Joini-Ventur€ How does it
?
differ from Partnerslrip?
(e) Dstinguish behreen Capital Reserveand Revenr.re
. Reserve.
ECO-2 P.T.O.
8. 2. On 31'r March: 2003, the following Trial Balancewas
extractedfrom the booksof Gopal& Co.
Rs.
Capital 50,000
Plant and Machinay to,:o
Sales 1,7?,000
Purchases 60,000
1,000 750
Opening Stock 30,000
Discount 350 800
Bank Charges
Sundry Debtors 45,000
Sundry Creditors 2s,000
Salaries 6,800
Man {actudng Waget 10,000
Canias€ Inward 7s0
Carriage Outward 1,200
Bad d€bts provision 525
R€nt. Rates and Taxes 10,000
2.000
Cash in hand 900
Cash at Bank 6,000
2,54,075 2,54,075
ECO-2
9. Additional Inlormotion:
(i) Closins StockRs. 35,000.
{il) Depreciation plant at 6%.
of
{iii) Bad debtsprovisionto b€ adjust€d Rs. 500.
to
{iv) Intereston capitalto be a oq,edat bo,6 annum.
per
{v) 2 5% ot the profits is to be carriedto ReserveFund.
From ihe above information, prepare Trading and profii
and lrss Account for the y€ar ending 31s March, 2003
and the BalanceSh€etas on that date. f2
3. {a) DifferentlatebetweenIncome& Expenditure
Account
and Receipts Pagments
& Account.
{b) On 31$ Decernber, 2003, ilre CashBook of a firm
showed a bank balance of Rs. 41'000. From the
following information,preparea Bank Reconcitiation
Statement,showing the bank balanceas per pass
Book. S_7
(i) Cheques havebeenissued Rs. 3,500, out of
for
which chequ€sworth Rs. 2,000 only were
' ptes€nted {or payment upto 31st Decembef,
2003.
(ii) Cheques worth Rs, 700 werepaid into rhe bank
on 28b December had not b€encr€dit€dby
but
the bank by 3131 Decembert and one cheque
tor,Rs. 250 was enLeradl, Cash Book on
in
30m Decemberi,but w;deposjted in bank on
3'd January,200{'-'
ECO-2 P.T.O.
10. (iii) A cheque from MuYall for Rs. 500 was
deposited in the bank on 27rh December' but
was dishonoured and the aduce was receiv€d on
2nd Janua4', 2004.
(iv) Pass Book showed bank charges Rs 25 debited
by the bank. It also showed a credit of Rs. 5O0
coll€cted by the bank as interest.
lv, On€ of the debtors directly deposiied a sum ol
Rs. 1,250 in the account ot the firm on
25th December. Intimation in this respect was
received from the bank on 5tb January, 2004'
4. AEvind of Delhi seDt 1000 machine parts to Ravi oI
Ch€nnai on consignmeni basis. The cost of each machine
part was Rs 100' but ii was i 'oiced to Ravi at cost plus
25%. The expensesincurred b9 Atavind were :
Freight Rs 12,000 and InsuranceRs 13'000 During
transii 100 machine parts were destroged and the
Insurance company paid Rs 10'000 towards that claim
Ravi sold 800 machine parts at Rs 150 each and paid
for storage and insurance Rs. 3'000 and Rs 2,000
respectively. Rau also accepted a bitl for Rs 80'000 at
3 months drawn by Aravind which Aravind discointed
immediately with his bank at 6% pa. It was agreed that
Ravi is to get syo commission on sales
Prepare the necessaryledger accounts in the book of the
consi$or (Aravind) Show your workings 12
ECO-2 4
11. 5. On lstJanuary2000 machinery purchased Somu
was by
Ior Rs. 50,000. On 1.7.200Ladditiors weremadeto the
€xlentol fu. 10,000.On 1.4.2002,lurlheraddiiions
were
rnadeto the e){tentof Rs. 6,400.
On 30.6.2003m.ichmery, original
the ,?lue whichwas
of
Rs. 8,000 on 1.1.2000,was sold for Rs. 6,000. Somu
€loseshis books on 31$ Decembereachyear
Depreciation provided 70o/a on the diminishing
was at p.a.
balancemethod.
Preparethe machineryaccountfor the years2000, 2001,
2002 and 2003 in the book of Somu. Also show youf
workings. 12
6. (al Exptainihe adBntageso{ Self-Balancing
Syslem.
(b) Rajudrewa bill on Vasr.r Rs. 2,000 on lstApril,
lor
2O02 lor tt',tomonfhs. On May 15 Vasu requested
Raju1o renewtbe bill lor t"vo months.Rajuagreedto
renelvihe bill and charg€d inter€st@ 6,%p-a. A new
bill was drawn {or Rs. 2,020 includinginteresl. The
bill was honouredon the due date. Recorda[ th€se
tEnsactionsin the book of Rajuand Vasuby passing
the necessary journal eniries. 4+8
ECO-2
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ECO-2 P.T.O.
14. q;q {fid
{0 qftc €i-s 35,000 r
{.
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ECO-2 P,T.O.
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** ** t eqr-tdqr.m qT* .r.qER? d
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r.
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i
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entrqi +6 i e",t
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ECO-2 10
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F.
s0-fr t r.z.zoor 1o,ooo qi S-r .+{
d r.
rilffi si-{ | 1.4.2002 rfi o,soo d g6
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d 1e enrac{ si-<l 'rqr qr, 6,000 fr +s Rqr
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ris 6.dr t r
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ECO-2 11 8,O00
17. rEdrl
BACHELOR'S DEGBEE PROGRAMME
Term-End Examination
Decembet 2OOS
ELECTIVE
COURSE COMMERCE
:
ECO-3 : MANAGEMENT
THEORY
Time : 2 haurs MaximumMarks, 50
Note : Attempt 6ot r S€ctions ond B.
A
SECTION A
Attempt any thtee questions.
l. (a) "The essentialfeafures of managementr€veal its
"
natureand importance. Discuss.
(b) Explainlhe soc'alresponsibiljties managemenr. 8+4
ol
2. What is plannins ? E(plain the processof planningin an
organisation. 3+9
3, &plain with examples :rarious types ot organisation
structureswhlch can be distinguisbedon the basis ol
arr?ngernent activities.
o{
1 P.T.O.
18. rarco sctk 6'r{sc
srifr q0{T
frirr*rt, zoo5
qfu qqqa,c: atFfq
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444:2Vl elfrf':aqaiq : so
da .. er srt e Ei# cri?* sfi dfiq I
qm sI
W frq ,?ql # r*' d&q I
t. (q) "riiq * ge f<rtwV.-
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sdfr t t" s-qidfqc r
(q) siq + ffcrfd{ s{{qRFiiS qrsr dfuq r a++
z. Fr*sq Rr t ? ffi d',rd{n fuil{i s1 stff d
qc+ dfdq | 3+9
s. srd * ft-q'q * ilqR q{ frFrd vsF * {laa
ifd d .:rq rcc fuqr sl 1r6'dr I s-<|{{!il{R6
B
qrgr dfss | 12
P.T.O,
19. f+qFt6{0T .3'TqRi scgir rsJEr * $q s"ta
* € il
dfqq l 72
5 . {4EFr q4r t I scqq i fsfqq edq-fr'4
ilfifrd d
q-st dfts t 3+e
f+irur eftqr t EFrd q-{vlf qqfqdfrq I FPifi
qr
d €rqr( wr t ? 8+4
ECO-3
21. BACHELOR'S DEGREE PROGRAMME
Term-End Examinatlon
December, 2OO5
ELECTIVE
COURSE COMMERCE
:
ECO-4 : AGGOUNTANCY-ll
Time : 3 hours Moximwh Ma*s : 700
(Weightage70Vo)
Note t Attempt ong four questions from Section A
incltrding questton no. 1 whtchts compulsory and
both the questionsJrcm SecttonB. Gioe :,orking
notes olso where nec€ssdry,
. SECTION A
l. Afte.]Jipt thrce queshorsfrom the tollowing :
arry 5+5+5
{a} Dstingish between 'hirc Wrcbaseagreement' and
'instalment
paymentsystem'.
(b) Enunerdte the steps invo[,€d in the raluation of
goodwillof a firm under 'superprofits method'.
{c} How are the branch balaoces incorporatedin head
office book under 'abridgedincoporadon' method?
ECO-4 P.T.O.
22. {d) State the circumstanc€sunder which the firm is also
dissolvedalongwith dissolution ot pattnership.
What ar€ the objectives of ratio analysis ?
2. la) Mukesh and Company, Dehi ha,€ a sales branch at
Chennai and lNoiced goods to the branch ai cost
_ ^^ I
price plus 33i percent. ll is agreed that all .ash
received by the branch is to be paid to the Head office
account with the State Bank of lndia atd the
necessary advice sent to the Head offic€. Frcm th€
following particulars, prepare Branch Account and
Goo(h sent to Branch Account in the Head o{fic€
Iedger showing the actual prolit or loss of the branch
for the year endingDer"t&t 31. 2003.
R..
Stockon 1-1-2003 12,000
(at inrroic€pricel
Goodss€nt to branch 96,000
(at irwoice !,Yice)
Debtors 1-1-2003
on 1,500
Cashsent to Head office 77,700
Sales 77,000
Rent, ratesand taxes 3,200
Salariesand wag€s 4,800
Mtor3 on 31-12-2003 1,600
Goodsreturnedto Head office 16,000
(at in,oiceprice)
Shortag€ol stock 200
(at ln(,oiceprice)
ECO-4
23. {b) Whai is plofit pdor to incorporation? Explain brtelly
its treatmert in accounts.
3. Alfa Dstdbutors sold three vans to Beeta Enterpriseson
January 1, 2003 on hjre purdrasesystem.The price of
each {an was Rs. 90,000, payment of which was to be
made as Bs. 30,000 as down payment and yemaining
amourt in ihree annual equal instalmentstogether with
lnteresi 15% p.a.
@
Bgeta Enterpfiseswere chargingdepreciation 20%
@
eachgeat 6) u,ritlen down value method. Aftet payment
ol tlre first iniiiiriibni as dn Eec!mbir-31; 2003, iheg
cottd not pay further jnstallrents. lt was agreedbehreen
the parties lor repossession two vans adiustingtheir
of
value against the amount due. For the pwpose of
repossession!
depreciation@ 30% p.a. was charged.
Repossessed goods were repaired at a cost of
Rs. 2,000 and werethen soldlor Rs. 92,000. ShowtAe
necessary
accourts in the bookso{ Beeta Enterprises
and
R€possessedGoods Account in the books of Alfa
Dtstributors. 16+4
ECo'4 P.r.o.
24. 4. The followingis ihe Balarice Sheetof A and B who ehared
profirs in rhe ratio ol 3 : 2 respecrii/el!.
BaLanceShe€t as on DecGrDber
31, 2OO3
Uabilities Rs, Rs.
StrDdryCr€ditors 76,000Cash in Bank 23,000
Bills payable 30,000Stock in trdde 12,000
Mrs. A's loan 20,000Debtors 40,000
Rese.v€fund 10,000 Less : Reserve
for bad debts 2,000 38,000
Capitals ' 8,000
A 20,000 Machine4r'. 56,000
B, 16,000 36,000 20,000
Profit and Loss A,/c 15,000
1,72,000 1,72.000
The firm was dissolved December31, 2003. A took
on
over investrnents an agr€ed1lalueof Es. 16,000 and
at
agreedto pay off the len of Mrs. A. Stock realised
Rs. 10,000;Debtors Rs.37,000iFurniture 9,000 and
Rs.
MachineryRs. 50,000. The cr€ditorswere paid o{f at a
.. ,^1-_ -
dlscounlot Zt%. ts agreedto realisethe assetsand pay
off the liabilitieson a temunerationof Rs. 2,200. Actuai
expenses realisation
ol incurredwere Rs. 2,000 and w€re
dub paid by the firm,
Pr€pareRalisation account,Paririers'Capitalaccounlsand
Bank accountto closethe book o{ the firrn. 20
ECO-4
25. 5, (a) Can a ioint stock company issue shares at a
discor.ri ? State the relevant prousions of the
CompaniesAct.
(b) ABC Ltd. issued1,50,000 €quity sharesof Rs. 10
each at a premium of Rs. 2 per share, payable
Rs. 3 on application,Rs. 5 on. allotrnent(including
premium)and balancein tuo callsof equalamount.
Applicationswere receivedfor 2,00,000 sharesand
pro-rata allotment was made to all the applicants.
The excessapDtiadtion
indney was adjustedtowards
a[ottnent. Mr. M who was atlotted4OOsharesfailed
to pay the lirst and secondcall and his shareswere
forfeited after the secondcall.
journal entriesin the books of ABC
Passnecessary
ECO-4 P.T.O.
26. 6 . From the following BalanceSheetsof X Company Ltd.
prepare{a)Schedule Changesin Wdrking Capital and
of
(b)FundsFlqwStatemenr the gear2003.
{or
babilities 31-3,2002 31-3-2003
Rs. Rs.
Equitysharecapital 1,50,000 2,00,o00
9% Redeemable
pref€renceshare capital 7s,000 50.000
GeneralR?serve 20,000 35,000
Profit and Loss a,/c 15.000 24,000
Proposeddividend 27,O00 25,000
SundryCreditors 13,000 24,000
Bills Payable 10,000 . - 8,000
Liability tor Expenses 15,000 18,000
Pfovision {or Tax 20,000 25,000
3,39,000 4,09,000
31-3-2002 31,3-2003
Rs. Rs.
Goodwill 50,000 40,000
Land and Building 1,00,000 85,000
Plant 40,000 1,00,000
10,000 15,000
Sundry Deblors 70.000 85,000
Stock 39,000 55,000
Bills Receir,able 10,000 15,000
Cash in hand 7,000 5,000
Cash at bank 5,000 4,000
Prellminary expenses 8,000 5,000
3,39,000 4,09,000
ECO-4 6
27. SECTION B
7. Deline'Audiling'.
Eplainthe objects auditing.
ol 10
OR
Brieliy stateihe powersand du$esof a companyauditor
8. Write short notason any trrree of ihe lollowing : 5+5+5
{a) Diflerencebetueenlnternal Checkand InternalAudit
(b) Continuous
aLrdit
(c) Audit programme
(d) Auditingand Inv€sbgalion
(e) Dsquali{ications a companyauditor
of
28. T{rir6 BqIF 6r!6-C
*nir q-tm
Rnqt, eoos
{Ao wq5*,c : srfqsq
{.rft.S.-c : dqTR&-rr
77q4 3 qtt
; atftladsri6 : Joo
(w 4t 7oe6)
eueafSffianwil*rarfufu{,
ffiwa$@rrvrfrealqlEaMd
sts s + +t rsdr., rrr fu?q r q-di
dztt *
Baclqir
d) q1ffi ffitqi f dfrs r
tluE i5
r- Fqfrfua t t ffi fr,c,{n * sii{ ftfuq : .5+5+5
(s) '3F'sq n' ssl 'ft{d g'Frq cutrd' t *q
flrqq I
(rs) q$ sd ii gIfr + 'srfudF{frFr' * 3fisT{ -
Tlqisq if frRt $qr:if or s-6s dftC r
({) $q qrst€q E+$F-$i f die fii * sqr+$ +1
'{iAffi
vqr}fl{ frFi d qrsr d&q r
ECO-4 P.T.O.
29. (s) T{ cRftqtrd 3d€ dfqs ffi srffi *
sr
taqeq €rq-qrer.F4 s ftq-{ d srdrd r
* 6r
(s) rrJcrdffisq * fir st[q * ?
2. (3T) qs 6rrfr, ftd d # d lp ft-*qsis
t+vr
i aqrffi i m'n qqrs:Jx v< lvi t t
rre
{6 rc t f{ dis I S {Rr Esdatrfr{€ st
+c i6 ss dBqri sq 6r+rc + qri s
sqr 6{fr €fr aEtes& sr|{{{d Ed{ Ts
qrqicqqi M iFft r Aqfrfiscdl t 5q
ii
srqiqqd {Rrsl- Rsq{ sr, zoos.s}sqIR
d) qfi qq- i diq * qTstus 6N-Efi sdi
gc qiq €rdt aqt dis * l]-sF|cr crd grf,t
q-4Eq| tu
,
+dq r,r-zoos q] 12,000
(d-d6Ts si)
qiq d t-qr .rqrqrd 96,000
(#q6 t.q ci)
*+qnr-r,zoos si 1,500
q]
gcq Brqtdq +S'ri {fu 77,100
7?,000
ft{qr nql s't 3,200
q* avt r*qft 4,800
*
irqn er-rz-zoo: 1,600
srqldq d qN{ 16,000
q;6 (fir+ 1e n)
{d6 i sd 200
(d-ss {rq c{)
ECO-4 10
30. (s) frrrrnt 54* an+ qr <re{i ? se fur
t
yR-qiiri iss rsR fGrqr qrdrt ? {*c q
qrw disq r
e. erm Rqtqr{ i dr q€c r qr-qt, zoo:s} qtaT
qr
qerxs+q A e-qsqcunnfr' ii r q+q qrfl qt
{rq 90.000 r. q f'+qq T'r-df4i{q Fsn i ae
q3{ | Tds qrdq + fdc, 30.000 f,ffird frq q(
{.
fi ils ft rsso cft dq qrq qtsa ii|{ qqqr
sll{6 rfr$ q ?l Crq I
+o qarsFi-q6ftro1e filu * ergsn zo",r
cft q{ 61<{ A {s€rs' e.ni } r st kqq{,.zoos
d q-fd i6{d $ g'r+n } qK, + xri q1 ffi
6I g'rdrq q{ s* | a-ii lsii * sts 'oueqdff
qfi
gwi ft tr ft t t A sr6ii + T€ 6r €qr$-d4
qG sqqr grftw or fror vrq I y{,jd"T s?r-e
+
t r+ s{ :096d srff-sE{ i qe6rs e'n+ 'rar r
gq{A-d d wqr x 2,ooo Eqrr
crd d. fuq
rTSasl yA 92,ooo qr *s Fa'ra t +a
€.
WrcE-Sqal gw+t t emva+ lgrARqlESdfi
sr$r E{+T{S d y(Cd it g{f&a rna umr
4-4Fq r 16+4
ECO-4 11 P.T.O.
31. 4. A nql B,i qw t en-Ah qr fimq+ *qV: s , z
* srjvn fi sd q. d *is rfu F{qffisd 6 :
3r friqtqt,zoosai *aiFyft6
N qnsqftzf
fifrq +l<R 76,000d6 is 23,000
tq Fd 30,000 12,000
adqdqrasr 20,000*{-<n 4o,ooo
qa( : erdq
fiqd $e 10,000€"i + fds
fisd 2,ooo 38,000
{rqqr : 8,000
A 20,000 qYffi 56,000
B 16,000 36,000f{acr 20,000
qtq-Erfr
€tdr 15,000
1,72,000 1,72,000
sr Rsqr, zooa qd ar fss'a d 'Rn r a i
S
E.
rb.o00 + f4kr.d {'q s{ t{*{I d fuq aqr n
+1 qdi + {ur + Trdtqqi f$ffi ifr | €is i
10,000 *rSrii$'sz,ooo tr$qr i g,ooo
F.; t.; l.
avt q{ffi S so,ooo qW
t. Eq I i'+{ii d z-1e6
qa cr bqr rr+r I e i z,zooF. qrfrsFr-+
qr cffiiTrdrq6 qs-ifl nqr tq-o:ii ir q{-dq sn
ffi qq a.
d r eREfo6-Eq.+ z.ooo d f,ifir+r
EIKIFI Sq i ESqI I
nd € go*) q sSS qrdr.sBeil * t-q ea
dqr {s €rdl dqFq I 20
Eco-4 12
32. s" (sr)mr s iiCnts 6qfr srqitqti d W c{
fr'lfudq{ Fq'&i ? Fs {sf I sq* 3rFrRqq
* sraqii sr s-d€ dfts r
(E) ABcfrfi+s i ro l. rfr iqr qrd r,so,ooo
trfi-A iqt z r. sft rtc{ qltrfi q{ F+fft-d
ftS, Fqq+ s o. 3rC'fiw, 5 F. ii?iaqc{
fqS
(k{t rlfuqq * w&-d sr) aqr is i E{E{
{ftr si d'n ct iq t I z,oo,ooo * ftq
lH
snlec aJ srq gq nqT qTffi dr qsrjqTd
{S
!fliifJ.d rTqr e1Pr6
f6q 3n+fi qfu d 3rF{-{
* {fu d scm}kds{ frqr ?r4rr n d +oo
+c{ efie-aftqrq + tfua sErsq 3ft frds
qf'il +1{rRiEf a €6r, i{d; Fe-Sq } qn
c S'r
-.--i- ->-.}g -5
5(q' {lqtr $l sl6fl cn{ lo.ll rlql I
aec ftFls q1gsd f orqlass+d xfrM
dfrq I s+1s
ECO-4 P,T.O.
34. Emi€
?. 'ei+qsl d qftqsrtrqS | 3ilq'4 *€*c qdr{qr r0
qcrET
qd 6q{ 3i+qrd qfr6rii 3+{qdd d {dc n
*
qrsr dRq r
8. i{Erffia t t ffi #{q{ {ftrq ffirqi
(6) 3rRfrsfTitqsr :n<fcs aiitiq it rI<'
4qt
(€) vtrd 3i+qur
(T) si*qsrsrfsq
(s) qsHqrnqt 3r{€sF
(s) 6q4 sihr6 41 edr+m{
ECO-4 3.O00
35. BACHELOR'S DEGREE PROGRAMME
Term-End hamination
December.2OO5
ELECTIVE
COURSE COMMERCE
:
ECO-s : MERCANTTLE
LAW
Tirne : 2 Hours MaximumMorks: 50
Note: Attempt any tio? questions. quesllons
All corru
alual morks,
l What ls an oller ? What are lhe essentiais a talid
of
olfer ? Explain brie{I9.
2. Who i5a minor? Explain position a minorin relation
lhe ol
to contracts. 3+7
3. Ahempt any ftro ol the lollowingproblemsgtvingreasons
for your answerg: 5+5
(a) A lady went to a iwelier, falseb represmtinghersell
to be the wife of a particularlandlord.She took a ring
on the preteyt of getting approval of her husband.
She pledg€d the ring wjth someoneelse. Can the
ieweilerrecor,erttle dng from the pawnee? gxplain.
P.T.O.
36. {b) Mr X saysin conTersation Y that he wiil give
with
Rs. 10,000,/ lo a person whoever rranies his
daughter.Z marrieshis daughterand files a suit to
t
recoverRs. 10,000/-. Will he succeed
(c) B askeda car dealerto suggest a suitablecar for
him
touring purposes.The dealersuggesied him to buy
to
"Marufi 800". Accordingly, purchased car but
B the
found it unsuitable towing purposes.
for Can B reiurn
the car and get backthe price ?
4 . What are the circurnstances under which a surety is
from his liability? Eplain.
discharged 10
5 . What is an agencyby ratificaiion? What are the essential
condidonsfor a !"alidratificationof agency? 3+7
6. What is a Common Canier ? Explain the duties of a
comrnoncarrier 3+7
'condition'
Define in a contract of sale. Explaln brtelly the
implled conditions in a contract of sale. 3+7
a. Define Partneyship. How would lorj determine whelher a
grcup oI persons does or does not congtitute partnershlp ?
4+6
OR
Dislnguish betureen lolJowing,
lhe
{a} Coerdon and Und|l€ influence
(b) OrdinargdarMgesand Specialdamages
37. Frili5' 3qI& i5'r{s.C
sd( cfrfl
frsqr, eoos
{b'o wqq-fic : .rFrq
{.sl.*.-s , qqrR-6 Ffuqq
gtFI : Z Sv-) qfuqnssi6 : Eo
qle: tuA ,F ,u+ * rar d&s t sEwit * tio
gTIH € I
l. .+ rwn r +n am4 i i q6 ds rgrq s qr
3]Fl{{F6 t ? {*c t qrsr qlfuq |
drq 3+7
2 . e-d{s ffi wi d u rgo*l } qd if qrs€r+{s
si fqf d
3 . FIEnitr€? q c rfi€I a {IrgrT3 6T aiF €1-6d€-6
qi '€q : 5+5
(3{) q6 d Ri d qq Bftrs {fiq ctfu{ d
Td {irdr+{ q+ *6fi n qs trld ifici qfr si
. -
^ _-_--
qw d{ 4 i[6Fr i t 3drln 6t s$I _ -_
qs 3rnl
qfu * qrsffi rc 1?qt
rRrff s€firr*
cr6r s 3T{n qErI 6{ sFdr F i qll{rEq I
ECO-5 P.T.O.
38. . (q) x,y + sm+d s,'edrfs + qfu s{rd+A
d t
t f*qtE4trTq€st to,ooo t{r r z 6sd
r.
+E t fq-{6ql }ar € ft ro.ooo qj qsd
r.
q leq srslqtmt r qr ft sq-€*'n ?'
(q) e i qq E;nqrc|t i K* tS +n qr qgrqii
-qi
+t +O * 1+i-fint 1r*.;rr9 rctl-s d r
*
qrcr0i Ti "cr5-6 s00" sfrc+ sl sdrc d r
ilqT .".f ^s6 +n sd-s €i Atsq rqi st
qrcr
sr-Jqgil
YT-IF{{^S ^rcTS I iFlI B 6F qFr{r
6rq rssi siqdqrsqi rr+dr z
t
4. tS qH qRRqffit tu{q rrt# €rci srE-d t
5-sd qdr t z qrqr dfeq r rc
s. 5forw rnr q€i$ t wr ars4 t Z $iS + fu
g$-d{vr+ teS wr 3T1ql"{d t I
Yld 3+7
6. Flqrq 4f6s (Common
Carrier)t FJ il84 i ? q6
qnrqqr{g*qo-fqt ? 3+7
E{-fu6q 3r$is t ffi q1 qftqrqr dfrq r Cq
qq f4-sqsr-{4.qd r|d d {tq i qrqr
6nqq I "Fd g+7
a. srM q1 cftEM{fuq r oncqt B'q s6RfrR-qd
6ti fs qfudt sr 3Tg6 qrffi t qr t{i ? ua
s{i
qqqt
Ffqfufun q<fi ffir{q :
d
qfr
(3fr) n+{ d< etFrorrn
(q) sitlFur Fqlql dqr Hvlq Eq'l-4r
6,000
39. Fm;l
BACHELOR'S DEGREE PROGRAMME
Term-End Examination
December.2OO5
ELECTIVE
COURSE COMMERCE
:
THEORY
ECO-6: ECONOMIC
Time: 2 hours MaximumMarks: 50
(Weightoge70W
Note: The paper contolnsthree sections B and C.
A,
lnstructionsarc given ln eoch sectionolong with
mdtks
SECTION A
Answer ony two questlonslrom this secfion. 2x15=30
l. (a) Distinguish bet'r€en price elastici9 of demand and
income elasticity of demand.
(b) Describe the point method of measuring elasticity of
demand.
(c) Explain the importance of the concept of elasticig of
dernand.
ECO-6 P.T.O.
40. 2 . (a) What do you meanby indifference
curves?
(b) What are the propertiesof indifterence
curv€s?
(c) Dslinsuish behreen income consumplionojrve and
price con$fnption curve,
Explain how the firm reachesequilibriumunder perfect
comp€tition in the short nm. What happenswhen in the
short run the averagevariable cost ;s greater than the
average revenue?
4. Discuss marginalproductivity
the theory of distribution.ls it
an incomplet€explanationof the det€rminationof factor
prices?
ECO-6
41. SECTTONB
Answerong tuto questiolsftoil this secrion. 2x7=14
5. Scarcityis {he root causeo[ all economicproblams.'
Dscuss.
6 . Alhat is plics discrimtnatton? Under what $ecessary
conditionscan price discriminatjon practiced?
be
How do yorj measurgin€qualitiesin the distrit'ution of
income? Is completeequaliry ?
desjrable
Explain with the help of a diagyamthe l-aw of Variable
Protr'ortions.
ECO-6 P.T.O.
42. Frdi6' 3cr& snd-.T
eia cfrqn
f{w{r, 2oo5
Qfuo lr{Trc r qftrq
f.s1.si.-o,lrrffiofvqk
444;2@ 37fu6ds : 50
ri6
(W 61 70Yo)
cbr w wr s* C dtcso€ q, e'zlrtd t t&o
o,-sC r?&i * srE er*'fu ,zsd i
ra*
trIoit i5
le a'og # BZT El xrn * rar di?S t 2x1s=3o
1. (sr) qtq ift 6fud +q 3ft d" 6 er|q+q i <
dfrg t
(s) d'r d drq d qrq +1 fu rvnd w eola
dfrq t
(s) qi4 sfr dv ei' :rsqnqr* req al qrcqt
d&q t
P.T.O.
43. 2. (3T)s{*{dr {m i inq-6r4qr snry|q e 2
q-s
(s) sqr-$-{dr 61 ffi M A?
(s) .3ffi sqElrr{* qi Sq-d m*q q* ii effi{
dfs t
r. 5"t rffitnr q,"t t qC re-orq t {-{n" +-t
Fsfd
q
crq s'|a d ? €{-st-qFr qR o+sdqffie
on-d, qtsd. :[rc i qFrq d i qr d,n Z
+. fuer"r SqiasiqtEdr 6r &t+q dftq r Hr
* fudia
:R elltrii* sfudf{qt{sr olTri
sfi qr@l Fadr-ts
?
44. trGt g
{s €r's C Erd' S}rr4} w 6i( dfu{ | 2x7-14
'Wqar tt* -otft"s sq{$ii or
Td qm I t "
fqaa" dfqq I
qtq-d fs*q Hr t ? h? rrqrq'6 qftftqft4i $
dq'frFts Bqr er sqari 7
q1
erc-Fq-rrtq qqqq-ffiS d qm *S q.tt : sr
Ef rvr+orqi6'eqe 2
iclffii qft sEr-{dr cffid
* q-gqd* fisc d
qnqr dfrq r
P,T.O.
45. @g rI
e. Frs{ift-d * &nS #aqr dfuril ffi
i Rfuq :
(3r) frlqn sdqqFfi
(q) onEr$nmn
(ql 3rR 4r mqliqs f{drq
(s) qd fl- st{q
(q) €'c-3EK {fr
ECO-6.
46. BACHELOI'S DEGREE PROGBAMME
Term-End Examination
December,2OO5
COURSE: COMMERCE
ELECTIVE
ECO-7 : ELEMENTSOF STATISTICS
Mqximum Marks: 50
Note t Answer any four questions. All questions cotry
t equol marks.
1. {a) Frtt in the blankswith the approprlateword given in
the brackets:
(i) Statistics- (canlcannot)
be misused.
(i0 is done by rounding off the digits,
(Accuracy/Approximation)
(iii) Shanker's-onthly in"o-" is Rs. 1,000. This
- a statistical (is
staternent. not/is)
(iv) always positive.
(Mantissa/Characteristic)
(v) Ayranging the mass data into different groups on
te basis of their similadties and reemblances is
called - . (classification,/trabulabon)
ECO-7 P.T.O.
47. Special purpos€ tables are _ toa
given text. (complemeniary^ndependen$
{vii) The co-efficient of rdriation is also known as
co-efficient of - deviation.
(mean,/standard)
(vii0 - curve is a graphic method of
studyingdispersion.
lFreq|J€ncA
/tl.I.eI|z)
(b) What are the reasons distrustin statistics
for ? Sr4
2- What ls sampling? Brielly explainthe ,"riouemethodsof
samp,mg. zf,+to
3.. The following data relate to the cost of production and total
revenue of hro firms in a particular month. Represent the
data by a $ritable diagram so that cost and profit per unii
of each firm can be compared. e+
Particulars Firm'A' Firm 'B'
Raw material cost (Rs.) 9,000 5,000
lnbour cost (Rs.) 4,000 2,500
Overheads (Rs.) 3,000 1,500
(Rs.)
Mtscellaneous 500 500
Total cost (Rs.) 16,500 9,500
Total Revenue(Rs) 20,000 12,500
Profit (Rs.) 3,500 3,000
No. of units producedand
sold
1,000 500
ECO-7
48. 4. (a) You take a trip which entails travelling 900 kms b9
t/ain, 3000 kms by boat, 4000 kms by plane ard
15 kms by taxi at an average speed of 60 kmph,
25 kmph, 350 knph and 25 kmph, respectively.
Wha( is ik a€rage sp€ed for the entire digtance ?
(b) The mean marl<s of 100 students i,as found to be
40. Lat€r on, it was discoveredthai ihe rnark ol 53
was rnisread as 83. Find the co|aect mean. Bta
5- Frorn the data gir€n below, state {i,hich of the tu/o s€ries is
morevariable
? nt
'Y'
Variables Series'X' Series
20-25 8 6
25-30 20
30-35 12 32
35-40 18 30
40-45 1t
45-50 I 0
6. {a) Draw the format of a statistical
table and lndicateits
(b) Estimate the elue of arithmetic mean if mode is
14005 and median 139.69.
is 8!+4
2
ECO-7 P.T.O.
49. trd6 scr& a'r+E,c
wia qfrqr
tsqq, zoos
{fu'a, wqq-fic: ErFrE
d.S.S.-z.qififfi+T€
gq4 ; 2 qvt 3tftl6ds ei6 : so
clz ; +H d an yls dfue t sfr x{al * Biq eqq
Q I
r. t:+)elq+ fr fu aq rnii ii + 3tudytq Emft-6
{qFfl 4I YId 6lTiTq :
61 nifi*ai qr qrq*'r - sr s6-drI l
(ifiqvr8 fs{)
(ii) - sidi 6r gqf6{ qr} foqr qr<r
B | (qR{cdl/{fffi.{)
(iii) ti6{ d qkq :crc t,ooo e. i I T6 q6
sifisfrq 6fi r tq€ri/il
(iv) - S<l SC (positive)
&dr t t
(€{TrTf$/Wf{T)
r'r s{6J d s{+1 €qr{dr 3ri{ qqdT * 3ni"4R
c{ q-sft{d fi+ frFrd s,fr ii r'trd 4-.at
q--drdrt - r(s,fi6{uyqnsflqq)
ECO-7 P.T.O.
50. {vt f{is styq qd sRtrrqi tcs'rs fqcc
ffi
sfr_+fr t r t$aretir)
rvi fuq{q wfs d fu{ira qFrqis
q 6€i-t | (qrgt/qrs)
lvi:i)_ e-s cnscq sr sqqc 6{+ d
r4 +grfu*qfrRrt | (3rgftidi-q)
(q) {iM q srFffqTs er qnq t ? 3-ds
}
d&s | 8*4
2. cftrq{aiwrdr-ddt ? nfd-s-{4 tqFrdeFrd
61
d {irc S qrqr dfsq I
4ro
s. d sd +1 ls fsftrc qrq d sqn{ qrm nqr fs
eTra qt6l FqFdfuT r qt q6 r|qd 3flis-*
* t
sq i r+q-adfqq frFi fu x-+6 q,i +1cid {sri
qFkI flqT dIsI sI
1@fl sr sr TE I 12+
ffi$T qdn qda
- , - a - - r -.nl- (]trto
,
cblc Lltq (t,) 9,000 5,000
{jr{ft (F.) 4,000 2,500
elfuea11.y 3,000 1,500
frfrqqs (r.) 500 500
g;d errrd(t.) 16,500 9,500
($.)
sd esrc 20,000 12,500
f,Fr ({.) 3,500 3,000
rilGa nqr}s r{ {6rqqi 1,000 500
51. 4. (3T)3rNl q$ sI 6l tqqit silqd e00fufr l-d'ns
*, sooo cH t, qooo e<{ wrc t
ffi ffi
dsr 15m ffi t xq{F oo &nficft !ia.
zs ffi cft da, ssoffi rfd riztdqr2sffi
ffi ria qfrrwn i ew stqrw | {q Xftq1r
sfrdsd {RR (.rft) er u( I
G) roomfr qr qrra3is qo3{rsfu{ r sK E3n
d qmqarfr sisitd ga {wr ss d'lr-d-A t
83cErrrqrr v& qq ft*rftrg ,
*o
5. ftqfrtut srid * sdlsstu a i t 6}+S *"ff
eFr6f+E{uRfi-d (r,ar:auie)
t I )z+
*ot x' *ufr,v,
,"-t a 6
25-30 15 20
35-40 18 30
40-45 13 t2
45,50 9 0
6.. (e{)q$ qins$q €T{ricr ymq fun sfies s,fri
vgt as* frfts qrd d iFn d&q r
(4) sR Tfuqd rso.os s+i qrFa-o
t rss.est,
d qqid{qrq * Te +r umo+div< r
4+a
ECO-7 P.T.O.
52. BACHELOR'S DEGREE PROGRAMME
Term-End Examination
December, 20O5
ELECTIVE :
COURSE COMMERCE
ECO-8 ; COMPANYLAW
Time : 2 Hours Maxlftum Morks: 50
(Weightage70Yo)
Note: Answerony flu€ queslions.
l. (a) What is meantby a companylimitedby guarantee?
{b} Enumerate ,our impodatt disfinciions behreen a
plblic companyand a pnvatecompany. 4,6
2 . What do 9ou understandby 'Preliminary' conkacts ?
Dscuss the position oI a company in reiation to the
preliminarycontracts. )0
3 , "tt is compulsory everycompangto registerits Atticles
for
of Association."Commentand discuss resficlions on
the
ihe alterationof Articlesof Association. 5, 5
OR
ECO-8 P.T.O.
53. Explain the rule taid doq.n in Royal British Bank !,s.
Turquand.Are iher€ any aceptionsto this rule ? 4,6
4. (a) When can a compaDy issueshar€wa ani ? What is
the eftect o{ the is$reof shareq,arants ?
{b) Dsiinguish between transfer and transmissionof
5. Discuss legalpositionof directors.
the 10
6. (a) What is tbe purpose ol holding an annual generaj
rneetiDg Whal business usuallytransacted this
? is ir
meeting?
(b) Wrile an explanaiory on 'Proxies.
note 6,4
7. (al Distnguish behreen member'svoluntarywinding up
and creditor'svoluntargwindingtrp.
'Special
{b) What is a R€solutio$' ? Enumerate the
purposeswhich requirea sp€cialresolution. 5,5
a. la) Explain briefly the procedurefor alteraiion of the
capital clauseof a company.
(b) Write a note on statement lieu of Prospectus.
in 5,5
ECO-8
54. trir.6, 3Cr& 6r{rF,7
F?ii'qtft'
tqqr, zoos
Qfu'owqrsc: srfirrq
,c,sfr fr&
f.rft.anl.-a
gqq;2ryl etfu6d4ii6 : 50
(?a 4r ToYo)
ffi 4fs w+ # rar d&q I
r. (s) IRo-E {Frd 6q-fr i ffi rrrsrq ?
dnr i
(@)sl&i{6 qr{fr si f{fr sqfi + qR rl-{frTui
srfiii 6r ;ds dfuq r 4,6
z. 'crifu6' 3r-fc-*ii qTqqqi qr{t d ? crtFr6
n
er5'-*ti + lTq*I ii sE+ qi ftefr ar ffiqa
d&q r u
s. "T+s 6q4 + ftq q-<fiqqqvl-Sa ornr .:frqd
€ t" tqe+qqifuq aqr l'afisdi n qffii fii +
qidq$t q1 qqi dfss I s,s
eNlst
ECO-8 P.T.O.
55. t{d hE{r *+ q-+qer*e * *q d f4qffta f{qq
d q€qt dliq I qr qs frqq * *{ sq-crc i a,o
t
4. (q) 6qfr iqr erte6q qrfrfus sr Fde t ? irq{
sr€ qrfr 6{i *r wr rqrs ddr t ?
(q) lMt + €RidtoT!:i qftqq i :i-<t q<=rqq
t 5, 5
ftt{di d ff{S Rqfr si qqi dfs r io
6. (q) qr$s gltTRur ondka s{+ sr f,r s*q
e.n
t I qs q,Tr qtq;€r qd fss slt t ?
lt
(€) 'ffi' q{ qrqrirm frqsft ftf€S | 6,4
(s) $qdi gRr dlss qTIFFI dqr ffi em
t*fu-q {qrq{ d smfq dfrs t
(s) 'f{is {qrd Rr d ? sc secd qr scdq
dfqs Cra+fos ffis rRrs enq[{6 t r s,s
E. (6) sq$ * t# ou-sd cfiqfi-f,6ti d Ffq 6
dfrq i qrqr dtrq r
(s) 'Yft-flq* +s|{ c{ kq{ur'qr Eq0fi ftfuq t s,s
ECO-8 5,000
56. BACHELOR'S DEGREE PROGBAMME
Term-End Examinafion
Decembet, 2OO5
ELECTIVE
COURSE COMMERCE
:
ECO-9: MONEY.
BANKTNG F|NANC|AL
&
INSTITUTIONS
TIme : 2 hours M@dmumMorks: 50
(Weightage7Uk)
Note t The paper contoins three sectionsA, B ol,d C,
NecessoryInsfructionsarc giuen in eoch section.
<
SECTION A
Answer any two questionst'rom fhts secnon.
l. Explain'specdativg'demand moneyand its relatiohwith
for
the mte ot it*erest. 12
2. What is money market ? Explain the strucfureof lndian
money nrarket. 12
ECO-9 P.T.O.
57. SECIION B
Ansuer ony turo quatians ltum this secron.
Explain Fisher'sQuan$tyTheory of Moneg.
6. Explainthe developmental the prornotionol
and functionsof
the ReserveBank of lndia. 8
Explainthe functionsof developmeNal
bank. 8
8 . What arc the main objectives the internationalMonetary
of
Fund ?
ECO-9 P.T.O.
58. sEcnoN c
Ahswer both questions.
brtelly an9 irr:o of the follouing :
9. ExpLain
{a) Conceptol near moneg
(b) Dstinciion behrreen central bank and
a
banls
(c) banksas a sourceof rutal
titnitations ol commercial
credit
{d) SpecialDrawingRights(SDRS)
lO. Wrlte short notes ol) any t.ro ol the following :
(a) Eliectsol inllation on production
(b) Open matket op€rationsas an instrumenfof credit
(c) Evilso{ mon€ry
(d) Capitalmarhet
ECO-9
59. {{ftr6 wrfr i5.r{!6,q
seid qtqr
frsqr, eoos
tffo qrqq-sc qfsrq
:
f.qLsn-s, g*, dFir e ffiq {rqrE
gq4 12qd qfusas : so
ri6
(Sd +rzou,1
F cie: !€ wtwtq, saqrrtAi@oed t{d6
grcd3nd{ir6fiErrfu'tgdr
grg i5'
gv aue' d A a-6 qi rr4- * -tr{ ft&s /
r.'sy * fss 5s{d qiq <q q|q d < i sss
qr{q qi EarsrdRg r 12
z. gfi srqR i et ars4 e 2 t{r.,ftqgdr srvn d
{r+* d qlqr dRq r 12
ECO,9 P.T.O.
60. go:g q
Fe sve t * nr6 ql r+-## rrr &zbe r
fun * gqr* qftqmlsqin qi qr€qrdfuq I s
6. fis4 +s $s Etrsqr* f+*rsrqq nsr y{.t{
qq-d qrit
f{6rs +d * 6Rif q+ qroqr dfuq | 8
a. entdgv *u * g* vis m t ?
gr s
ECO-9 P.r.o.
61. gfg I|
drq)' s?&qt
Yl.+
e. Frqldf€d + ffif Eid {frq ii etgr dtsq :
n
(3r) gfltlf, (near money) d {sW4I
(s) *-*c mr qqlft-6 *d i rat
(s) ctfiqr gls +.+d * sq t qrqricq &ii d
dqrq
3IFI{R(sDRs}
(s) fris iqtE{vr
ro. ffitun q i ffif Eiq{ {Rrq ffif lctuS:
(3T)Iil$fd + 3-ffEq !'{ x'qrq
(q) {T€ f{t 'r + sq+rq* sq t €-d ET-qR
f6qr{
(s) 5(t+ is
(s) {S srqn
ECO-9 5,000
62. BACHELOR'S DEGREE PROGRAMME
Term-End Examination
December, 2OO5
ELECTIVE
COURSE COMMERCE
:
ECO-IO: ELEMENTS COSTING
OF
Time : 2 hours MaximumMorks. 50
(Weishtoge70Yo)
Note t Attempt ony h.o questions Jrom Sectibn A and
any 'rto questions Jrcm Section B.
SECTION A
l. What do you mean by cenhalised and decentralised
purchasing
sgstems Mich system you recommend
? will for
a large manufacturing
organisation why ?
and 10
2. (a) Explainth€ accountingtreatrnentof Nofmal l-ossand
Abnormal Loss in piocesscosting.
(b) Differentiate bet reen cost accormting.and financial
5,5
ECO-10 P.T.O.
63. SECTION B
4. (a) The productiondepartment a factory furnishes
of the
following informationlor the month of May 2005.
Particuiars Rs. Horrs
Materialsused 1,08,000
Direct wages 90,000
Overheads 72,000
l-abou hours worhed 30,000
Machine hours worked 25,000
For an orderexecuted the department
by dunns MaV
2005, the relevantdata is as follows :
Particulars Rs. Hours
Materialsused 12,000
Direct wages 6,400
Labour hours worked 2,500
Machin€ hours worked 2,100
Compute the overheads chargeable the job by :
to
G)DA€ctmatertalcost method,(ii) Direct laDourcosr
m€thod (iii) l-abourhour rate, and (iv) Machmenour
ECO-10 P.T.O,
64. preparea cost sheet:
(b) From the followtngpartrculars,
Rs.
Prime cost 2,19,200
Factoryoverheads 48,000
Closingstock :
Finiahedsoods (2000 '.mi9 32,000
Work in progress 20,000
Openingstock :
Finishedgoods(1000 unitsl 15,000
Work in progress 4,800
Administrativeexpens€s 4,000
Sale of linishedgoods 2,99,000
Seilingexpenses Re. 1'00 per utit.
@
16,000 units were produceddulng the pedod S' 7
5. Contracts Ltd., commencedits businesson 1$ January,
2004. Ih" foilo*tttg lnf,crmationhas b@l extractedhorn
Its bool.,s relationto a contract.
in
Rs.
C.ashreceivedfrom contractee 1,20,000
terial hom stores 3,000
Direct materialspurchased 47,000
Dbect labow 45,000
Expens€s site
at 2,000
Ma€hinery(at cosD 30,000
Fuel and power 2,500
ECO-10
65. The contractpricewasRs.3,00,000 and the work certilied
Rs. 1,50,000. The cost of work done but tmcertifiedwas
Rs. 10,000. Ma.hinery costingRs 2,000 was returnedto
storesat th€ end of the War. Of the materialschargedto
the contraci, materialswhich cost Rs. 2,000 wer€ lost.
Stock of mat€rials at dte on 31-12-2004 was worth
Rs. 3,000. Depteciationon plant r4/as be chargedat
to
10% per annum.You are requiredto show what p{o{it or
Ioss wor.rld taken into the accountfor the year ended
be
31--12-2004 and show how the work-in-progresswill
appear in th€ BalanceSheetas on 31,12-2004. 15
6. (a) Dffer€ntiatebehre€nJob costingandproc€sscosting.
{b) From the lollowing information, stat€ the value of
Closingstock at the end of May 20O5 iI issres are
priced by the (a) weightedawrage method, and (b)
LIFO method.
Al the beginning May 2005. the company
of had in
stock 10,000 uniis lblued at Rs. 10 per unit.
Pr.rchasesand is$Es were made during the month
as follows :
Purchases :
7th May 4,000 units @ Rs. 12.50
14inMay 6,000 units @ Rs. 15.00
24s May 8,000 units @ Rs. 16.50
Issu€s:
16s May 16,000units
28$ May 10,000untts 5, 10
ECO-10
66. FF5:1ol
qrit-6, 3qr& i6,r{6c
uainwfr6r
tqq{, zoos
{fua vqua.r : qforsl
{.fr.efr.-ro,qr.rctsl * {e n-a
€4s : 2 St) etfu$dsai6 : so
(w67wo,
slz: o.c o C 0 *id S ai rr+ eit orgs f *
*H ei r{"{ *??q I
goii i5
l. *d5o avr tridf-r *q cqtuit t wr drtrd
e ? Ed n snqql'ffi cund q1 Cs s-9 frFTqfufr
€qa{ * fds ffi{r 6ti sft d ? 10
- 2 . 1er;lB+ oq6 i+ri{q c-<ldd {rcfq dfr aqr
arsrqrq + fu6q sl qisr dfrq r
erfr
(q) erra i'er aqrf{€-q+€r it qq dfqs I s,s
ECO-10 P.T.O.
67. Erugq
4. (3T)q{ 2005 frq qq i€S + smcq fqlTrrr
+ i
fhafofi*o q*+ sc-{r*rfid r
kflur €. Ea
eiqfi sr sqfu 1,08,000
Ieq qfs 90,000
sqftqq 72,000
4q € 6rq 30,000
qvfc Ti) drq 25,000
q$,zoos st{rc
* ft"{rq i go +fidr +r+
} +r
T{rf6qrrs+ {idFrdeisS ftqftfud t .
fq-4{qt
qrqfr 6r sq+rl 12,000
IesT c-f$ 6,400
sq lia srq 2,500
ecft-{ qrc
ria 2,700
W {rq (frs) qi eFn d {flFrdd sr} qrd
3qR-qcd riRrd 1n rtaq qwfr qFreFFr,
(it seq] s{ arrrdfrfu, (iit qq ria <, aqr
('v)cctc ricr q{ + rf,3sRrrqcl dfuq r
ECO-10 P.T.O.
68. ffi t qq eprc f*qiq ?qn
o.
2,19,200
{1 eFrd
imt sqReq 48,000
Brfuqd-6 :
fifta qre (zooog*rt) 32,000
srdfrftd qrd 20,000
3{RFq6 d'6 :
frfta qre (roootqr{) 15,000
qdtcfi-d qrd 4,800
c{rsfqs qq 4,000
frfta qraw &-*q 2,99,0O0
fr*q qq r.oot.fi Eor{d < i e$ ge t
qs qqfr t gffi 16,000 {*rqii qr s'qrfi
'| 8' 7
€:r
s. ,i-# fr. i r q+sQ,zooad qrqn EF fuql I
s. :+ * eq*i t s+fr SKdi i irefdfu( ehT
flRr g3{ |
i*-qnr t crq {rRT 1,20,000
dd i srq {Hfi 3,000
Teq srqfi nq ql 'r{ 47,000
r-eq rqEt 45,000
fidq {qd ci Eq qq 2,000
q{ffi (qFR q{) 30,000
{tr-t aq qrqr 2,500
ECO-10 10
69. i* *t ts 3,oo,ooo qr nqrccrFn6d sr
{.
Ts r.s0.000 q1 1 3$qrF1a
u. AEc St fsS 'rq
*Fi ei dFrd ro,ooo arid 'r{ r q{-+ 3i-<t
r.
2,ooot. d ffrrd S q{ffi dS d qrcs +s
. {'ri t }+ * frs dq+,r srd srctuiit t
ai
2,000 si erqfi ic d rr{ r firqfur c{ qa
r. ero
g{ srqfi 6r Ts 3.000 cn I wie c{ r0%cfr
F.
qq d Et i {.{drs drr|qr q|qri r 3n!rdqd Tr{
r'+ B fq sr-rz-zooq sclq A+ qrds{ * ids
d
drE-tfi d ffi {fu flq-dtr €r} qn srnftd d
q+ ? oQIr Frqtqrdr614fr qpra gr-rz-zoo+ qt
d'$q {frd d ftq r$R ftiqd qrs'fr I fi
6. (sr) ffi dFrdfdqftqqaft aqrcf6-ar qFTdfufror
rafr ii erfl q-a6q1
1q; frqfrfud {r+r * frt qrR-cr eisa r<fr cqr
1i1srfu+ enma q6d f#qr urot qqfr *
eI{qRq{, zoos* :r< i 3rFnq €is sr
{gTndFst
rr{ zoos nRE{ 6rcfi * qrs d+ d qHfi
S it
d to,ooo *tad q1ifisr {iq ro t. cft {6d
enI E4 aqrf{4q" {i + etm Aqp"6" q .
z q{ 4,ooo d.
{+rq4 12.s0 cfr F{r{
14 rr$ 6,000g*6+' rs.ooo. rfr r*r.$
24 d s,ooo t6Ed 16.50 cfr Fsr$
r.
tuiqq.
16 c'i 16,000{fiqqi
zs q{ ro,ooo
{6r{qi s,lo
ECO.10 11 5,O00
70. BACHELOR'SDEGREEPROGRAIVI'E
Term-End Examinatlon
December.2OO5
ELECTIVE :
COURSE COMMERCE
ECO-11 : EI-EMENTS INCOMETAX
OF
Time : 2 hours Moximum Morks: 50
(tAleightoge
7@/o)
Nole: Attempt ony tour questions
includlngQ. No. l,
rrhich ls comp{lsory.
1. Mr. Guptahasthe {ollowingincomedurlngthe previous
year
2002 - 03 :
{i) Salary:Rs. 1,10,000
(ii) Dearness Allowance (formlng part of sahry for
r"tir€menr
ben€lits) Rs. 12.000
.
(iii) MedicalAllowance, Rs. 6,000
(iv) Education Allou,ance three c);ldreri: Rs. 5,200
llor
{v) B€nt free housein DeJhifor which hG employerpaid
Rs. 5,000 as rent per month. The houseis equipped
wlth rentedfumiture.The rent of lurniture is Rs. 300
p.m.
I
I ECO-11 P.T.O.
i
71. (vr) The employer spent Rs. 2,500 on his r€freshet
(!t0 The employerpaid hls tel€phonebills o{ Rs. 2,200.
{vtii) He paid a profeesional of Rs. 1,200.
tax
(ix) He earnedbanhinterestof Rs. 6,000 and divtdendof
Rs.2.000 on ITC shares.
Compute his taxable income for the assessment
year
-
2903 14
91r
2. (a) Ananthaoov,,ns housein Delhi.From the particulars
a
given below computehis taxableincornefrom house
prope8r for the ass€ssmeni 2003 - 04.
yeat
Rs.
MunicipalValue 2,00,000
Fair Rent 2,52,000
StandardRent 2,40,000
Achral Rent 2,76,4O0
Municlpaltaxespaid 20% of the mtrnicipalvalue
Expenditure ref,airs
on 20,000
lrlsurdncepremilun paid 5,000
Ananthan had borrowed a srm of Rs. 10,00,000
@ 12 per annumon 1-7-2002and the construcflon
was completedon 28-2-2002.
ECO-l1
72. {b} Define agricuhlral income. State whether the
Iollowing,hall be treatedas agricultural
incom€or not
for incometax purposes :
(i) Income{rom growing flowers
(ii) Incomefrom poulty farming
(ii0 Inco$e frorn brick mahng
(iv) Compensation received from ar .-m$rmnce
companyon accountof damaliaciuS€dto crops
. 6,6
3. (a) Canesh sold a residenrialnouseon 2&G2}OZ for
Rs. 10,00,000. He had purchased nouseon
this
1-tG1985 for Rs. I.20,000 and had spent on its
improrement 80,000 duringthe year 1986 - 87.
Rs.
He purchased a new house on 27:1.0-2002 for
Rs. 3,00,000. Compute his capital gain for the
assassment yeay 2003 - 04. The relevant cost ol
living index is given below r
2002 - 03 - 447
1986 - 87 = 140
1985-86 = 133
{b) Whatdo you meanbg dividends per incometax law
as
in India and statehow far is it taxable? 6,6
4. (a) What does 'set off of loss€s'mean Can all gpes of
?
losses
from one sourcebe sei off againstthe income
from another source under the same head of
_ income? I{ not, what are th€ €xceptiong?
ECO-l I P.T.O.
73. {b) Explainthe rulesrelatingto taxationol winningsfrom
lotteries,card garnes,etc. 6,6
5. {a) Cofid.]lre taa}i,e lncorne flom itlerest on secudti€s
from thefo owingdata:
(i) 8% tax hee Relief Bonds of ReseweBank of
lndiaRs- 1,00,000.
(it, 8% iax hee RailwayBondsof Rs. 1,20,000.
(ii,) 16% Bonds o{ IndushialDewlopment Bank of
Indiaof Rs.2,00,000.
(M 14% Deb€ntures of ABC Ltd. listed on
Ahmedabad Stock Exchange purchased at
Rs. 96 (Facel'alue Rs. 100t for Rs. 96,000.
M Int€restrecerved issuedby
from debentures
X Ltd. listedon stockexchange, 29,535.
Rs.
(u) lnterest receiv€d lrom debentur€sissued by
Y Ltd. not listed on any stock exchange,
Rs. 18,960.
Rate of TDS rvas 105% in c?se of lided s€cwities
and 21% for nonlisted s€curitles.
(b) When is an individualsaid to be resi&nt but noi
ordinatyresidentin lndia ? What is the scopeof total
income his case
in ? 6,6
ECO-11
74. 6. Write short noteson any tDree ol the followlng , 4, 4, 4
(a) Rebateto seniorciti2ensunderSectton88.B
(b) Deductionalawed under Secticn 80E in respectof
rcpefnent of loan taker for hjgher education
{c) Taxationof l€aveencashment
(d) Deductionallowedundet Section80 D in resp€ctol
medicalinsurance
premia
{e) Sefi-asse$sment
ECO-11
75. HtFs' 3C& 6,r{'5.C
'
veicqfrelr
Gqqr, zoos
Qfua vrqwe : e[&rs[
{.d.S.-rr ,:nrco-r Xn n-e
*
€44 : Z qd etfuadc : so
ai6
(gn +r zou"1
ale: ffiwrr+)* r.n ftfuq ffi x?q,
€w t tfqa d dib qaelr?crfd r
r. rK s{ zooz-os * ger d erm
i[ Frqfrfirdi :
(i) +tr{ : 1,1o,ooo
t.
{ii) Tdrd EiIr(T6 3r*ffvr SfrqBi * rrorqr faq
t
q?rqql qFI €) j 12.000t.
liit frftNr qir : 6,000 F.
trt fuw qn (dtqcEii + fd) : s,zoo F.
(vl trdil + Ft{?r {ffi ft-drqffi ftq ffisr
s,ooo cft
r. qrs-fs{ratd, t r qor+i Bns
tR frqr rrcr q-.iiq{q1 f<T +, esqr qrfu6
f*rm soor. i r
ECO-11 P.T.O.
76. ,.. r.-l- .1. -"-- --:'- -
(vj) I{qffrf { 3*F 9dl€I{-qf€fiC (refresher course)
s{ 2,500{. qq ftq t
(vii) r-Rrri5r5 -.---! 53-:-
, ,,. r l
c d{t(h efrIs|{ cl
I4sfi EI TrtilFI tdql :
2,200{.
{viii) tssi 1,200 d. iY[ 6{ sr lrtdr4 fuql I
(Dd ssifi +6 q|s i 6,000 dqr nc tcii c{
d.
frtr*e S z,ooo d Brcg{ |
r.
+.{ f4"{i@i zo0s-04* ldq ssdr s{-+'q 3rq
s{
qi 'FEr dtqs | )4
2- (T) :*qqq t<Ed fr C6 q+rq sr qrio-6 i r
frqfufu* dt * :mR q{ 6{ frqi{"rsS
2oo3 - 04* f€q r$|r qqft"qqfi or-*.< :na
+ g{
ql 44cr dfcS '
u
4'Rc|ft|s TglStq 2,00,000
sFddfu{ql 2,52,O0O
qn6 16{rqr 2,40,000
2,76,000
TrRqrft-{r6{, +Rqtfu6r Tgisq sr 20%?
rRmr TlirFr $'q rpn
q{qd q{ qq 20,000
I
dqr *fuqqor Trdr+ 5,000
edEa | 1,7-2002 rzx qft s{ qM cr
*
10,00,000 3sR tdS + sk q-qrq6r fflr
{.
28-2-2002 Y[ €3n I
!*
ECO-11
77. (s) fi 3rFrqi qfufiwdfuq r W ffiEq b
qrfi
ftqftfun arq unar fu Tfr sTrq srq,i
qrrfr'
(4 T(13{r} i t} qd erq
(ri) tffvroqt crwfiq
(iii) ft q{ri + gd :qtq
(u $cr drc-fr^t^6siii gi Erftdt ffi
d
s 6c q t{fi {flTt 6.6
s. (4) 2s-6-2002 .ri{ i S+ M
d qqrq
10.00,000 q. it tqr r Esi T6 rFEFr 1-lo-1985
d r,zo,ooo t si-cr
t. qr q"n gqi rgeo-az
s$ i ss+ gfi q{ 8o,ooo qq fuq t I
{.
zt-to-zoozdl ssi e,oo,ooo ii qq rcr
{.
116r+ €t-< frqr | 2oo3 04 6{ fiflt{ur sS +
ftS ss} {-$-,ri aH d rrurqr dftq r cqq
frsi6 €d qrsis fiTqfEfufr t
2002-03 = 447
-
1986 87 = 140
1985-86 = r33
(q) '{F#q 3{r+6 dra+ * qada fsfd-s t €r
dffi4 t ? qE f+iqr ql-*'q t ? 6,6
4. (:q) drFrdid qft t er nrd{ t ? qr q!; *{
f g'$ aq f6R d dRii d sS rN6 +
3r<'id g"{ arq *it d eilq i Tn ftqr qr
e+ar t ? ql? €, ii' is trqq * 3r{qr( Fr
tr!
ECO-11 P.T.O.
78. (s) dzfr, dRr erG * d< n g$ BrIqc{ st
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ECO-11 10
80. BACHELOR'S DEGREE PROGBAMME
Term-End Examlnation
December, 2OO5
ELECTIVE
COURSE COMMERCE
:
ECO-12 | ELEMENTS AUDITING
OF
Time: 2 hours MaximumMorks: 50
(Weightage70qd
Note : Attempt ang fioe guestions.
AII questtons
carry
equol morks,
L Define auditing.What are its secondary
objecti€s? 4+6
2 . What are the objectives of internal check ? Explain the
position of auditor with regaid to internal check. 5+5
3. Define audit working papers. Discuss the significance of
audit working papers. 4+6
4. Differentiate bet een vouching and verilication. What are
the duties of auditor with regard to laluation of assets? 4+6
ECO-12 P.T.O.
81. 5, What are the provisions the Companies with regard
ol Act
to appointment,reappointmentand remolal of company
auditor ? 3+3+4
How would you audit 5+5
{a) Sharesissred for corsjderationofher than cash,and
h) Issueof bonusshares?
(a) D€fine cost audit.
(b) What are the limitationsof management
audit ? 5+5
a. Define auditor'srgport. Distinguish
betreen a report and a
cerlificate.
9. Write short notes on I
(a) Internal audit
(b) Qualities of an auditor
ECO-12
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ECO-12 3 P.T.O.
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ECO-12 5,000
84. BACHELOR'S DEGBEE PROGBAMME
Term-End Examination
December.2OOS
COURSE COMMEBGE
ELECTIVE :
E C O - t 3 : B U S I N E SENVIRONMENT
S
Time : 2 hours Maxlmum Marks: 50
(Weightoge70o/ol
Note I Attempt ony lour questions includlng quesiion
no. 1 uhtch i$ cornputsory.
1. Aitempt any tout of the lollowingquestions
:
(a) Explain ihe relevance of ecological issr.res business
to
eDrtonmeni.
{b) Arnlyse tbe social tesponsibility ol business towatds
(c) State ihe basic objeclires o, regulating business.
(d) Describ€ tfi€ basic instrum€nls ol fiscal policy in lndia
ECO- 3
r P.T.O.
85. (e) Stat€ various measurcs for the preventiln and
settlement the industrial
of disputes.
(l Explainthe thrusi areasof the new economicpolicy.
2. Discusshow does the environmentacts as a stimulantto
business. Analysewhy business often doeslittle tor physical
environment pres€rvation despite ihe fact that it is
signllicantfor blsinessactivity. E, s
3. Analys€the fourfold role of lhe governmentin business.
AIso explain in what respects role ol go€ynrnenihas
the
beenfed€finedin lndja during the 1990s. S, s
4. "The IndustrialPolicy of 1991 makes a clear departure
from ihe Indusbht Policaof 1956." Comment. 10
Discuss t"arious
the forms of foreign capital llows. Do you
think entering o{ MNCSin less developedcountriesls
risky ? S, s
6. Describethe recent export promotion measuresof the
Gor,ernment India.
of 10
7. Write shofi notes on any ftr)o ol the follow:ng: S, s
(a) Poiiticaland legalen!'ironrnent business
of
(b) l.lehru- Mahalanobis strategyol development
(c) Financialreformsin India
(d) Merits ol gtobatisationfrom the point of view ot
lndis s economicdeveloprneni
ECO-13
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gco-13
P.T.O.
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ECO-13 5,000
88. BACHELOR'S DEGREE PROGRAMME
Term-End Exarnination.
December, 20O5
ELECTIVE
COURSE COMMERCE
:
ECO-14: ACCOUNTANCY-||
Time: 2 hours Moximun Marks, 50
Note t Attempt any Iour questionsincluding quesfion
no. I which is co'I'pulsory.
-
l. Atiempt any three of the fo owing questions | 14
(a) Why are Departrnental Accounts considered
necessary?
(b) Dislingush berween Hire Purchase System ond
Instalment Payment System.
{c) Explain briefly ihe meihods of mainiaining capitat
accounts ol partners in a partnerchip firm.
(d) State the rules for redempiion of prelerence share
capjlal.
{e) State the uselulnessot linancial statements.
E C O1 4 P.T.O,
89. 2. Chandigarh Headofficeof a company.sends goodsto its
'
Delhi branchat cost plus 25%. Branchsendscashdaily to
Head oflice. All expelses ol branch ate paid by Head
office. From the fotlowirE particularc, prepate Branch
Accountin the bookgof Head office. 12
Rs.
Stock at brarrchot 1-1-2004 at invoic€price 25,600
Debtorsat bEnch on 1-I-2004 12,800
Pettycash'balance branch 1-1-2004
in on 2,O00
Branch {wnihrre on 1'1-2004 19,200
Goodss€nt to branchat invoiceprice 95,000
Goodsreturnedby branch at involceprice 5,000
Cash sent to b6nch tor
Salaries Rs.2,000 p.m. 24,000
@
Rent@ Rs. 1,500 p.m. 18,000
Petty exp€nses 900 42,900
Cashsales btanch
at 45,000
from debtonof branch
Cashcollected 75.000
Credit salesby branch 85'000
Bad debts 500
Cash Discountallowedto debtors 800
Petty cashbatanc€in branch on 37'12-2004 2,000
Stock at branch on 37'12'2O04
(invoi@ ptice) 35,000
Depreciatefurnlture @ 10% p.a.
ECO-14
