(Both Medium)

P.R. GOVT COLLEGE (AUTONOMOUS) KAKINADA

DEPT OF COMMERCE

IST SEMESTER EXAMINATION MODEL PAPER

I B.COM T.M, E.M, C.A (BOTH MEDIUM)

PAPER CODE: DSC 2 A:BUSINESS ORGANISATION

W.E.F.2017 -18.

Time 3 hours Maximum 75 marks

Section – I

Answer any Five of the following questions5×5=25 marks

  1. Business
  2. Sole trader
  3. Partnership deed
  4. Joint Hindu family
  5. Article of association
  6. Three Functions of Entrepreneur.
  7. Distinguish between private limited and public limited company
  8. Merits and demerits of Partnership firm.

Section – II

Answer Any Fiveof following questions 5×10=50 marks

  1. a. Types of Partners

or

b. Explain the Articles of Association and Memorandum of Association?

  1. a. Explain aids to trade

or

b. Function of entrepreneur

  1. a.Explain the class in the memorandum of association

or

b. Characteristics of joint stock company

12. a. Merits and demerits of partnership

or

b.Merits and demerits of sole trading concern

13. a.What are stages in the formation of Joint Stock Company?

or

b. Merits and demerits of joint Hindu family

I ST MID INTERNAL

P.R.GOVT.COLLEGE (AUTONOMOUS), KAKINADA.

I B.COM (T.M, E.M, C.A)DEGREE EXAMINATIONS

SUBJECT: BUSINESS ORGANISATION

I MID MODEL – W.E.F.2016 -17.

TIME:1 Hr Max.Marks:25

SECTION – I (5x2M=10M)

Answer AllQuestions:

1.Extractive Industry.

2.Partnership Deed.

3.Three Functions of Entrepreneur.

4.Ploughing back of profits.

5.Prospectus.

SECTION – II ` (2x71/2=15M)

Answer Any TWOQuestions:

6. Merits and Demerits of Sole Trading Concern.

7. Distinguish between private limited and public limited company

8. Merits and demerits of Partnership firm.

Both medium

P.R.Govt.COLLEGE (A), KAKINADA

DEPARTMENT OF COMMERCE

I B.COM (T.M, E.M, C.A)

II SEMESTER EXAMINATION

MODEL QUESTION PAPER

Subject code DSC 2 B: BUSINESS ENVIRONMENT

w.e.f 2016-2017

Time: 3 Hrs Max Marks :75

Section-I

5 X 5 = 25M

Answer Any Five of the following Questions

  1. Define business environment
  2. Define MRTP
  3. Define economic growth in India
  4. Explain GDP growth in India?
  5. What is the factor effecting on FDI?
  6. 1956 Industrial policy
  7. NetheeAyogh
  8. Credit control system by RBI

Section-II 5 X 10 = 50 M

Answer Any Five Questions

9.a.Explain what are micro and macro economic factors? Why should we study these environmental factors?

Or

b. What is business? Explain different concepts of business and service activities and benefits to society?

10.a. What are the factors that influence economic growth?

Or

b. Explain what you know about Balanced Regional Development?

11.a. Explain the Rostows economic development stages.

Or

b. Why did India took up 5year plans after independence? What were the aims?

12.a. Explain about new economic policy of 1991 and LPG.

b. Explain about RBI and Monetary Policy.

13.a. concept of Social Justice?

Or

b. Fiscal Policy Objectives and Limitations?

*****

II SEMESTER EXAMINATION

P.R.GOVT.COLLEGE(A), KAKINADA

DEPARTMENT OF COMMERCE

I MID EXAMINATION

MODEL QUESTION PAPER

Subject code DSC 3 B: BUSINESS ENVIRONMENT

Time: 1 Hrs Max Marks: 25

Section-I5 X 2 = 10 marks

Answer ALL Questions

  1. Define business environment
  2. Define MRTP
  3. Define economic growth
  4. Explain GDP?
  5. What is FDI?

Section-II 2 X 71/2 =15M

Answer Any TWO Questions

6. Explain what are micro and macro economic factors? Why should we study these environmental factors?

7. What is business? Explain different concepts of business and service

activities and benefits to society?

8. What are the factors that influence economic growth?

(Both medium)

P.R.GOVT.COLLEGE (AUTONOMOUS) KAKINADA DEPARTMENT OF COMMERCE B.COM (T.M/EM.CA/CECS) DEGREE EXAMINATIONS

I SEMESTER END EXAMINATIONS

SUBJECT CODE DSC 1 A : FUNDAMENTALS OF ACCOUNTING - I

MODEL QUESTION PAPER-W.E.F-2016-17

TIME: 3Hrs Max.Marks:75

SECTION – I (5x5 =25M)

Answer Any Five of the following Questions:

1. Define the Accounting Concepts

2. Classifications of Accounting

3. Types of Subsidiary books

4. How to prepare Bank Reconciliation statement

5. Credit Note & Debit Note

6. Types of Errors

7. Accounting Cycle

8. Any five final accounts Adjustments.

SECTION - II5x10=50 Marks

Answer Any Five of the following questions

9) a. What are the concept and traditions of accountancy?

or

b. Journalize the following transactions in the books of Kapil:

2004 / Particulars / Rs.
June1. / Started business with cash / 45,000
2. / Cash paid into bank / 25,000
3. / Purchase of furniture and payments by cheque / 5,000
4. / Goods purchased for cash / 15,000
5. / Sold goods for cash / 8,500
8. / Sold goods on credit to Arvind / 4,000
10. / Goods purchased on credit from Amritlal / 7,000
12. / Goods returned to Amritlal / 1,000
15. / Goods returned by Arvind / 200
18. / Cash received from Arvind / 3,760
18. / Discount allowed to Arvind / 40
21. / Withdrew from bank for private use / 1,000
22. / Withdrew from bank for use in the business / 5,000
25. / Paid telephone bill / 400
28. / Cash paid to Amritlal in full settlement of his account / 5,940
29. / Stationery purchased / 200
30. / Rent paid / 1,000
30. / Salaries paid / 2,500

10)a. What are the various kinds of Subsidiary book and its importance?

Or

b. Enter the following transactions in suitable subsidiary books:

Jan
/ Particulars / Rs.
1 / Purchased goods from Rekaha / 7,500
4 / Sold goods to Midhun / 8,000
5 / Returned goods to Rekha / 500
6 / Sridevi bought goods from us / 4,000
8 / Received goods returned by Midhun / 400
10 / Rajesh sold goods to us / 4,000
15 / Sold goods to Kishore / 3,000
16 / Returned goods to Rajesh / 600
20 / Kishore returns goods / 500

11.a. Difference between cash book and pass book?

Or

b.Write the following transactions in simple cash book and post them into Ledger?

  1. Opening balance Rs. 145000/-
  2. Deposited into bank Rs. 50000/-
  3. Cash sales Rs. 145000/-
  4. Purchases from Ram Rs. 15000/-
  5. Goods sold on credit Rs. 10000/-
  6. Commission received. Rs 2300/-
  7. Discount allowed Rs. 1800/-
  8. Rent and postage paid 7000/-
  9. Cash withdrew from bank for expenses 4700/-
  10. Case withdrew from bank for personal use 7800/-
  11. Bill received from Soma Sundar Rs. 45000/-
  1. a. what is the need for preparation of Bank reconciliation statement.

or

b.Prepare Bank Reconciliation statement of Ravichandra as on 31-3-2004 from the following particulars:

a.Balance as per Cash book in 31st March 2001 Rs. 25,000

b.Cheques Rs. 4,000 were deposited for collection but only Rs. 2,000 cheques were collected before 31-3-2001.

c.Cheques Rs. 2,500 were issued on 25th March 2001. Out of which, cheques Rs. 1,500 were cashed upto 31-3-2001.

d.A wrong debit Rs. 100 appears in the Passbook.

e.Bank charges Rs. 25 appears in the Pass book but not in Cash book.

f.Interest on investments collected and credited only in Pass book Rs. 400 but not entered in Cash book.

g.A cheque for Rs. 150 received from a customer was entered in the cash book, was omitted to be paid into bank.

13) a. Importance of different types of adjustment?

or

b. From the following trail balance, prepare a trading and P&L for the year

Ended 31-12-2001 and a balance sheet on that date: Trail balance

ParticularsDRCR

Capital-----4250

Drawings 710

Plant and machinery 950

Stock on 1st Jan1460

Purchase and sale1036211906

Purchase and sales returns210291

General expenses440

Rent 120 rates 200 apprentice premium 80

Bank overdraft 240

Bad debts172 debtors and creditors 4200 2000

Cash on hand48

Bad debts reserve105

______

1887218872

______

Make provision for the following:

  1. Depreciation on plant and machinery at 10% P.A
  2. Reserve for bad debts 5% on debtors
  3. Closing stock 5, 000
  4. Outstanding rent Rs.80

Ist MID INTERNAL

P.R.GOVT.COLLEGE (AUTONOMOUS), KAKINADA.

I B.COM (T.M, E.M, C.A, CECS) DEGREE EXAMINATIONS

SUBJECT: FUNDAMENTAL OF ACCOUNTING - I

I SEM MID MODEL – W.E.F.2016 -17.

TIME:1 Hr Max.Marks:30

SECTION – I (5x2M=10M)

Answer All Questions:

1. Define the Accounting

2. Advantage of Accounting

3. Types of Accounts

4. Define Ledger

5. Credit Note

SECTION - II 2x10=20 Marks

II. Answer Any Two questions

6. A Problem on Journal Entries.

7. A Problem on three column cash book

8. Briefly explained accounting concepts.

(BOTH MEDIUM)

P.R.GOVT.COLLEGE (AUTONOMOUS) KAKINADA DEPARTMENT OF COMMERCE I B.COM (T.M/EM.CA/CECS )DEGREE EXAMINATIONS

II SEMESTER END EXAMINATIONS

SUBJECT CODE DSC 1 B: FUNDAMENTALS OF ACCOUNTING - I

MODEL QUESTION PAPER-W.E.F-2016-17

TIME: 3Hrs Max.Marks:60

SECTION – I 5x2M=10M

Answer All Questions:

1. Define consignment

2. Define joint venture

3. Define depreciation

4. Suspense account

5. Define the reserve

SECTION - III5x10=50 Marks

Answer Any Five of the following questions

6. Difference between consignment and sale?

7. Desai of Mumbai sent 1000 sewing machines to Dilip of Hyderabad costing of RS 500

Each. Expenses incurred by desai amounted to RS 4500. Dilip is entitled to a commission of 6% sales. Dilip took delivery of the machines and spent RS 1900 towards expenses. he sold the entire consignment of 1000 sewing machine at the rate of RS500 each. Dilip sent the account sales to desai and sent a bank draft for the amount due by him.

Pass necessary journal entries and prepare necessary ledger accounts in the books of both the parties.

8) Explain the difference between joint venture and partnership?

9) Rama &Krishna enter into a joint venture with a capital of RS 18000 of which of which rama`s contribution is RS10000 and the balance is contribution by Krishna. The agreement is that profit or loss should be borne between Rama& Krishna in the ratio of3:4 respectively. They bought goods for RS 16000 and sold for RS 70000. Stock of goods unsold was taken over by Krishna at RS 1000. A sum of RS 800 was spent for sundry expenses on account of the joint venture including RS 200 towards outstanding. Rama drew RS 4000 from the joint venture for his personal purpose.

Assuming that all the joint venture deals were in cash and double entry records were kept show the necessary accounts in respect of the joint venture.

10)What are types of error usually committed in process of accounts. How it is to be rectified?

11)Rectify the following errors and find out the effect of those errors on net profit of last year.

  1. Goods of the value of RS 2100 purchased from ram were recorded through sales book.
  2. Received final dividend of RS 200 from Roy whose account had already been written off as bad debt was credited it his newly opened account.
  3. An item of RS 2000 relating to prepaid rent was omitted to be brought forward.
  4. Bill received from Vasu for repairs done to furniture Rs 100 and furniture supplied for RS 1000 was entered in the invoice book at RS 1100.

12) Mention and discuss the various methods of depreciation and explain their relative merits and demerits?

13) A limited company purchased on 1-1-1990 a Machine for RS 10000, On 1st July in the same

Year another machine was purchased costing RS 5000. On 1-7-1991 the machine purchased on

1-1-1990 was sold off for RS 4000. On 1-7-1992 a new machine was purchased for RS 12000 and the machine purchased on 1-7-1990 was sold at RS 4200. Depreciation is provided at 10%

per annum on original cost on 31st December every year. Show machinery account.

I MID INTERNAL

P.R.GOVT.COLLEGE (AUTONOMOUS), KAKINADA.

I B.COM (T.M, E.M, C.A, CECS) DEGREE EXAMINATIONS

SUBJECT: FINANCIAL ACCOUNTING - I

II SEM MID MODEL – W.E.F.2014 -15.

TIME:1 Hr Max.Marks:30

SECTION – I (5x2M=10M)

Answer THEQuestions:

1. Define the Account sales

2. Abnormal Loss

3. Define Joint venture

4. Proforma Invoice

5. Delcradary Commission

SECTION - II 2x10=20 Marks

II.Answer Any Two questions

6.Bharath chemicals Ltd. Consigned to Murthy of Medak1000Kg .of oil at Rs.16 per Kg. to be sold on commission basis and spent Rs. 1per Kg. towards frieght and insurance. An accent sales was received from Murthy showing that 600 Kgs. Of oil was sold at Rs.30per Kg. Murthy deducted his commission at 10% on sales and sent a draft for rs. 15000. He also reported a shortage of 20Kg on the whole consignment. Show ledger accounts in the books of Consigner.

7. Arun and Bhaskar enter into a joint venture to consign goods to Charan to be sold on their joint risk, which is proportion of 4/7 and 3/7 respectively. Arun sends 150 bales at Rs. 130 each paying for frieght and other charges Rs.490. Bhaskar sends 50bales at Rs. 125 each paying Rs.180.for frieght. All the goods are sold by charan for Rs.30000 out of which Charan deducts Rs.280 for his expenses and his commission at 4% of sales. Charan remits a bank draft for Rs.20000 to Arun and another bank draft for the balance to Bhaskar. Prepare the ledger accounts in the books of Arun.

8. Explain the Difference between partnership and joint venture?