B.Com Corporate & Secretaryship Question Paper

Loyola College B.Com Corporate & Secretaryship Nov 2006 Auditing Question Paper PDF Download

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034  B.Com DEGREE EXAMINATION – CORPORATE & SECRETARYSHIP

AV 05

FIFTH SEMESTER – NOV 2006

         CR 5401 – AUDITING

(Also equivalent to COS 401)

 

 

Date & Time : 06-11-2006/9.00-12.00         Dept. No.                                                       Max. : 100 Marks

SECTION – A

ANSWER ALL THE QUESTIONS                                                                         (10×2=20)

 

  1. Define “Auditing”
  2. What is meant by reserve for bad debts?
  3. In what cases is continuous audit suitable?
  4. What is meant by internal control?
  5. List any two precautions to be taken while applying test checks.
  6. What do the term “goods sold on sale – or – return system” mean?
  7. Write down the different kinds of vouchers used in a business.
  8. Distinguish between internal check and internal audit.
  9. Define the term “verification of assets”
  10. Explain “errors of principle” with an example.

SECTION – B

ANSWER ANY FIVE QUESTIONS                                                          (5×8=40)

 

  1. Explain any two types of audit with its advantages.
  2. What is meant by the term “teeming and lading?” How do you detect it?
  3. Describe a system of internal check with regard to cash sales.
  4. How would you verify the following assets: a) Property b) patent rights and trademarks.
  5. Can a good internal check system reduce the liability of an auditor?
  6. Distinguish between “sinking fund for the redemption of a liability” and “sinking fund for the redemption of an asset”.
  7. Write short notes on   a) Deferred revenue expenditure  b) working papers.
  8. “Vouching is the essence of auditing” – Discuss.

SECTION – C

ANSWER ANY TWO QUESTIONS                                                          (2×20=40)

 

  1. What is an Audit programme? Give its advantages and disadvantages.
  2. Explain the auditor’s duties regarding vouching the items of payment side of cashbook.
  3. What is secret reserve? How it is created? Explain the duty of an auditor in connection with the secret reserve.

 

 

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Loyola College B.Com Corporate & Secretaryship April 2007 Statistics For Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

MS 09

BBA & B.Com. Corp.  DEGREE EXAMINATION

FOURTH SEMESTER – APRIL 2007

ST 4203 – STATISTICS FOR MANAGEMENT

 

 

 

Date & Time: 19/04/2007 / 9:00 – 12:00          Dept. No.                                                     Max. : 100 Marks

 

 

SECTION A  

 

Answer ALL questions.                                                                 (10 x 2 =20 marks)

 

  1. Define equally likely events and give an example.
  2. The mean of a Binomial distribution is 4 and variance is 3. Find P(X = 15).
  3. What is the objective of statistical quality control?
  4. Name some variable control charts.
  5. State the addition theorem of probability.
  6. What are index numbers? What do they measure?
  7. State any two methods of constructing weighted index numbers.
  8. State the minimax-maximin principle in game theory.
  9. Find the value of the game:
B1 B2
A1 0 2
A2 -1 4
  1. What are the two types of errors in testing of hypothesis?

 

SECTION B

 

Answer any FIVE questions.                                                          (5 x 8 =40 marks)

 

  1. An urn contains 6 white, 4 red and 9 blue balls. If 3 balls are drawn at random, find the probability that,
    • 2 of the balls drawn are white, (ii) one is of each colour
    • none is red, (iv) atleast one is white

 

  1. For a Binomial distribution with parameters n = 5, p = 0.3, find the probabilities of getting, (i) atleast 3 successes,  (ii) atmost 3 successes

(iii) exactly 3 failures,  (iv) exactly 3 successes

 

  1. Construct a control chart for C, ie., number of defects from the following data pertaining to the imperfections in 20 pieces of cloth of equal length in a certain make of polyester and infer whether the process is in a state of control: 2, 3, 5, 8, 12, 2, 3, 4, 6, 5, 6, 10, 4, 6, 5, 7, 4, 9, 7, 3.

 

  1. Explain quality assurance, statistical process control, and types of control charts.

 

  1. The following data relate to the prices and quantities of 5 commodities in the years 2005 and 2006. Construct the following index numbers for prices for the year 2006, taking 2005 as the base, (i) Laspeyre’s, (ii) Paasche’s, (iii) Fisher’s Ideal,

(iv) Bowleys.

 

Commodities

 

 Base Year Current Year
Quantity Price Quantity Price
A 8 4 10 9
B 7 3 8 5
C 6 4 5 8
D 5 2 7 4

 

 

 

 

 

 

  1. (i) Define Linear Programming.

(ii) A company has 3 operational departments (weaving, processing and packing) with capacity to produce 3 different types of clothes namely suitings, shirtings and woolens yielding profit of   Rs. 2, Rs. 4, and Rs. 3 per metre respectively. One metre suiting requires 3 minutes in weaving, 2 minutes in processing and 1 minute in packing. Similarly one metre of shirting requires 4 minutes in weaving, 1 minute in processing and 3 minute in packing, while one metre of woolen requires 3 minutes in each department. In a week, total run time of each department is 60, 40 and 80 hours for weaving, processing and packing departments respectively. Formulate the LPP to find the product mix to maximize the profit.

 

  1. Solve the following game graphically:

Player B

Player A

 

  1. Set up an ANOVA table for the following per hectare yield (in 100 Kgs) for 3 varieties of rice, each grown in 4 plots:

 

Variety of rice
Plots of land R1 R2 R3
1 6 5 5
2 7 5 4
3 3 3 3
4 8 7 4

Test whether there is significant difference among the average yields in the 3 varieties of wheat, at 5 % level.

 

SECTION C

 

Answer any TWO questions.                                                        (2 x 20 =40 marks)

 

  1. (i) Write down the probability distribution function of a Poisson random variable, and fit a poisson distribution to the following data: (Given e _ .05 = 0.61)
X 0 1 2 3 4
Frequency 122 122 60 15 2

 

 

 

 

(ii) Students of a class were given an aptitude test. Their marks were found to be normally distributed with mean 60 and standard deviation 5. What percentage of the students scored:

  • more than 60 marks, (b) less than 56 marks (c) between 45 and 65 marks. (12 + 8)

 

 

 

 

 

 

 

 

  1. From the following data calculate the control limits for the mean and range control charts and also check if the process is in control. Measurements of the units are given in cms.
                  S.No of Samples
1 2 3 4 5 6 7 8 9 10
50 51 50 48 46 55 45 50 47 56
55 50 53 53 50 51 48 56 53 53
52 53 48 50 44 56 53 54 49 55
49 50 52 51 48 47 48 53 52 54
54 46 47 53 47 51 51 57 54 52

 

 

 

U

N

I

T

S

 

 

Commodity 2002 2003 2004 2005 2006
I 2 3 5 7 8
II 8 10 12 4 18
III 4 5 7 9 12
  1. (i) Calculate fixed base index numbers and chain base index numbers for the following

 

 

 

 

 

(ii) Determine the least cost allocation of the available machines to 5 jobs.

Jobs
Machines A B C D E
1 25 29 31 42 37
2 22 19 35 18 26
3 39 38 26 20 33
4 34 27 28 40 32
5 24 42 36 23 45

 

 

 

 

 

 

 

 

(10 + 10)

  1. There are three sources A, B, C which store a given product. These sources supply these products to four dealers D, E, F, G. The cost (Rs.) of transporting the products from various sources to various dealers, the capacities of the sources and the demands of the dealers are given below.

 

D E F G Supply
A 6 8 8 5 30
B 5 11 9 7 40
C 8 9 7 13 50
Demand 35 28 32 25  

 

Find out the solution for transporting the products at a minimum cost by using  (i) North-West Corner Rule, (ii) Least Cost method and (iii) Vogel’s Approximation Method. Compare the costs and write down the best solution.

 

 

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Loyola College B.Com Corporate & Secretaryship April 2007 Financial Accounting Question Paper PDF Download

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                LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

HO 03

SECOND SEMESTER – APRIL 2007

BC 2500 / CR 2501 – FINANCIAL ACCOUNTING

 

 

 

Date & Time: 20/04/2007 / 1:00 – 4:00 Dept. No.                                              Max. : 100 Marks

 

 

PART – A

Answer ALL the questions.                                        (10 ´ 2 = 20 marks)

 

  1. Specify any four groups interested in ‘Accounting Information’?
  2. What is the need for providing depreciation?
  3. Write a short note on ‘Imprest System’?
  4. What should be the basis of allocation for the following expenses under
    ‘Departmental Accounts’?

(i) Carriage inwards   (ii) Factory manager’s salary

  1. What do you mean by ‘Indemnity Period’ in Fire Insurance?
  2. Mention the ‘Journal Entry’ required when goods are repossessed under ‘Debtors system’?
  3. A machine was purchased for Rs.50000 on 1.1.2005. The useful life of the machine is five years and the residual value is Rs.10000.

Find out the amount of depreciation to be provided every year under the straight line method?

  1. M/s STAR & Co., purchased a plant on 1.1.2002. The cash price being Rs.25,000.  The purchase is on hire purchase system.  10000 has to be paid on the signing of the contract and thereafter, Rs.10000 has to be paid annually for two years.  Interest was charged at 5%.

Prepare Hire-vender account to show the interest payable?

  1. Calculate the amount of Drawings from the following information?

Opening capital Rs.6,00,000;  Closing capital Rs.15,60,000 and

profits Rs.2,40,000.

  1. Net profit Rs.1,00,000; Fixed expenses (including depreciation) Rs.1,60,000 and G.P. ratio is 25% on turnover.

What is cost of sales?

 

PART – B

Answer any FIVE  questions.                                     (5 ´ 8 = 40 marks)

 

  1. Distinguish between Hire Purchase and Instalment purchase systems?
  2. Write short notes on the following:

(i) Royalty                   (ii)  Inter-departmental transfers

(iii)Final accounts        (iv) Book Debts

  1. What are the advantages of ‘Double Entry System’ of Book Keeping?

 

  1. M/s GOODLUCK & COMPANY purchased a plant on 1.4.2005 for Rs.70000.  On 1.10.2005, further plant was purchased for Rs.40000.  On 1.7.2006, the plant purchased on 1.4.2005 having become obsolete, was sold off for Rs.50000.  Depreciation has to be charged at 15% on the original cost of the plant assuming that the accounts are closed every year on 31st

Prepare

(i) Plant Account         (ii)  Provision for Depreciation Account

 

 

 

  1. From the following details, prepare Creditors Ledger Adjustment a/c in the General Ledger and General Ledger Adjustment account in the Debtors Ledger as on 31.1.2002.

Rs.

Debtors Balance (1.1.2002)                            …                    35,250

Creditors Balance (1.1.2002)                          …                    48,750

Transactions  for the month of January:

Credit purchases                                             …                    30,500

Credit sales                                                     ….                    20,700

Return Inwards                                               …                         600

Return outwards                                             …                         800

Cash received from customers                        …                    34,000

Discount allowed to customers                       …                         700

Cash paid to creditors                                     …                    48,000

Discount received from creditors                   …                         800

Acceptance received from Debtors                …                    10,000

Creditors Bills accepted                                  …                    14,000

B/R returned dishonoured                              …                      2,000

B/P returned dishonoured                               …                      4,000

Bad debts written off                                     …                      1,000

Sundry charges debited to customers             …                         400

Allowance from creditors                               …                         300

  1. The following purchases were made by business house having three departments.

Dept. x                        :  852 units

Dept. y                        :  768 units                  at a total cost of Rs.20000

Dept. z                        :  594 units

 

Sales were as follows:

Dept. x                        :  53 units

Dept. y                        :  48 units

Dept. z                        :  61 units

Sales were as follows:

Dept. x                        :  864 units @ Rs.10.35 each

Dept. y                        :  715 units @ Rs.11.25 each

Dept. z                        :  583 units @ Rs.12.40 each

The rate of gross profit is same in each department.

Prepare Departmental Trading Account.

 

  1. A Calcutta head office has a branch at Bombay to which goods are invoiced at cost plus 20%

From the following particulars, prepare the Branch Account in the head office.

books.                                                                               Rs.

Goods sent to branch                          …                    1,20,000

Total sales                                           …                    1,50,000

Cash sales                                            …                       50,000

Cash received from branch Drs.         …                       40,000

Branch Drs on 1.1.2005                      …                       15,000

Branch Stock on 1.1.2005                  …                       60,000

Branch Stock on 31.12.2005              …                       36,000

 

 

 

 

 

  1. A fire occurred in the premises of Mr. B. Rao on 7th June 2003.

In order to make a claim on their fire policies in respect of the stock,  calculate the amount of claim from the following information.  The stock salvaged was Rs.15,200.

2000           2001             2002            2003

(Rs)           (Rs)               (Rs)             (Rs)

 

Opening Stock                       64,000         60,000          64,000         72,000

Purchases                            1,64,000      1,88,800       2,26,400      3,12,000

Sales                                    2,40,000      2,64,000       3,12,000      3,96,000

Closing stock                         60,000         64,000          72,000           ?

 

PART – C

Answer any TWO questions.                                      (2 ´ 20 = 40 marks)

 

  1. The under mentioned balances appeared in the books on

M/s PROSPERITY & COMPANY as on 31.12.2005.

Rs.                                                        Rs.

Share Capital                          6.00,000   Manufacturing Expenses   3,59,000

(Authorised and                                       Establishments                     26,814

issued 60000                                      General charges                    31,078

shares of                                             Machinery                          2,00,000

Rs.10 each)                                         Motor Vehicles                    15,000

General Reserve                      2,50,000    Furniture                                5,000

Unclaimed dividends                   6,526    Stock (1.1.2005)               1,72,058

Trade creditors                           36,858   Book Debts                        2,23,380

Buildings                                 1,00,000   Interim Dividends                  15,000

Purchases                                5,00,903   Interest (Cr)                             8,544

Sales                                        9,83,947   P & L A/c (Cr) (1.1.2005)     16,848

Investments                             2,88,950   Staff Provident Fund              37,500

Depreciation Reserve                 71,000

Cash Balance                              72,240

Directors Fees                              1,800

 

Adjustments:

 

  • The stocks on 31.12.2005 were valued at Rs.1,48,680.
  • Provide Rs.10,000 for depreciation on blocks and Rs.1500 for the Company’s contribution to the staff provident fund.
  • Interest accrued on investment amounted to Rs.2,750.
  • A claim of Rs.2,500 for workmen compensation is being disputed by the company.
  • Establishment includes Rs.6,000 paid to the manager who is entitled to remuneration at 5% on net profit ascertained after charging such remuneration according to the companies Act subject to a maximum of Rs.10,000 per annum.

 

 

 

 

 

 

 

 

 

  1. On 1.1.2002, M/s RIGHT & COMPANY purchased from M/s WRONG & COMPANY five trucks costing Rs.80,000 each on the hire purchase system.

It was agreed that Rs.1,00,000 should be paid immediately and the balance in three instalments of Rs.1,20,000 each at the end of each year.

M/s WRONG & COMPANY charges interest @ 10% p.a.  The buyer depreciates trucks at 20% p.a. on the diminishing balance method.  The buyer paid cash down and two instalments but failed to pay the last instalment.  Consequently, M/s WRONG & COMPANY repossessed three trucks leaving two trucks with the buyer and adjusting the value of three trucks against the amount due.

The trucks repossessed were valued on the basis of 30% depreciation p.a. on the written down value.  M/s WRONG & COMPANY sold the trucks repossessed for Rs.1,20,000 after necessary repairs amounting to Rs.20,000.

Prepare necessary ledger accounts in the books of the both the parties.

 

  1. M/s NORMAL & COMPANY took from M/s ABNORMAL & COMPANY  a lease of a Coal field for a period of 10 years from 1st January 1980 on a royalty of 40 paise per tonne of coal got with a ‘Dead Rent’ of Rs.5000 a year and a power to recoup shortworkings during the first 5 years of the lease.

The annual outputs were as follows:

 

Year                Outputs

1980                  3000 tonnes

1981                  7000 tonnes

1982                15000 tonnes

1983                20000 tonnes

1984                25000 tonnes

Prepare ledger accounts in the books of M/s NORMAL & COMPANY.

 

 

X         X         X

 

 

 

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Loyola College B.Com Corporate & Secretaryship April 2007 Corporate Accounting Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.

HO 07

DEGREE EXAMINATION –CORPORATE SECRETARYSHIP

FOURTH SEMESTER – APRIL 2007

BC 4500/CR 4500 – CORPORATE ACCOUNTING

 

 

Date & Time: 21/04/2007 / 9:00 – 12:00          Dept. No.                                                     Max. : 100 Marks

 

 

Section: A

Answer any ten only:                                                                                         10 x 2 = 20

 

  • What do you understand by ‘Calls in Advance”? How much interest should be paid on them?

 

  • Write short note on: Firm Underwriting

 

  • Redemption of 20,000 preference shares of Rs.100 each was carried out by utilization of reserves and by issue of 8000 Equity shares of Rs.100 each at Rs.125. How much should be credited to capital redemption reserve a/c?

 

  • Journalize in the following cases, where debenture issue price is Rs.1, 00,000. Rate of interest 8%.
    1. Issued at a discount of 10% and redeemable at par.
    2. Issued at premium of 5% and redeemable at par.
  • Distinguish between ex-interest and cum – interest.

 

  • State “True” or “False”.
    1. Pre-incorporation loss may be treated as goodwill and debited to goodwill account.
    2. Gross profit is to be divided between pre and post incorporation periods in time ratio
    3. Profit prior to incorporation are capital profits and are not available for dividend
    4. Expenses such as directors fees, discount on issue of shares, underwriting commission, interest on debentures etc., are to be charged fully to post incorporation period.
  • Define “Goodwill”.

 

  • Write short note on: Internal reconstruction.

 

  • S Ltd was taken over by R.Ltd the following position was mutually agreed upon:

S.Ltd.                R.Ltd.

No.of shares                            60,000               90,000

Face Value of share                Rs.100                 Rs.10

Net Assets                  Rs.3,60,00,000     Rs.72,00,000

Ascertain intrinsic values of the shares, ratio of exchange of shares and No of shares to be issued.

  • Who are preferential creditors?

Section – B

Answer any five only.                                                                               8 x 5 = 40

 

  • Explain in detail the requirements for the redemption of preference shares as per Section 80 of the Companies act 1956?
  • Distinguish between Merger method and Purchase method of Accounting for Amalgamation.

 

  • Explain the main factors affecting the value of goodwill of a joint stock company and also explain any one method of valuation of goodwill.

 

  • T Ltd, issued 50,000 equity shares of Rs.10 each at par. The entire issue was underwritten as follows:

 

  • 30,000 shares (firm underwriting 4,000)
  • 15,000 shares (firm underwriting 5,000)
  • 5,000 shares (firm underwriting 1.000)

Total applications including firm underwriting were for 40,000 shares. The marked applications were as follows:

  • 10,000 shares; B-7,000 shares; and C-3,000 shares.

The underwriting contract provides that credit of for unmarked applications are given to the underwriters in proportion to the shares underwritten.

Determine the liability of each underwriter and amount of commission payable to them assuming that rate to be 2% on issue price.

 

  • X Ltd. buys its own 6% debentures of the nominal value Rs.20, 000 at Rs.96 on 31st March 2005. Record the transaction in the books of X Ltd. If the quotation is (1) cum interest, and (2) ex – interest. X Ltd. pays debenture interest half-yearly on 30th June and 31st X Ltd cancels the debentures purchased on 31st March 2005. Record the entries for cancellation when debentures were purchased on (1) cum interest, and (2) ex – interest.

 

  • On 1st July2000 a Ltd., purchased the business of Mr. Remi a sole trader, taking over all the assets with the exception of book debts amounting to Rs.1,25,000 and creditors amounting to Rs.75,000. The company undertook to collect all the book debts and pay off the creditors and for this service; it has to be paid a commission of 3% on the amounts collected and 1% on amounts paid. The debtors realized Rs.1,12,000 out of which Rs.68,000 was paid to creditors in full settlement. The company was also forced to meet a contingent liability of Rs.3,000 on account of a claim against the vender for damages. The vendor received Rs.30,000, 10% debentures of Rs.100 each at 95 and the balance in cash in settlement of his account with the company. Journalize the above transactions in the books of the company.

 

  • The Balance Sheet of S Ltd., disclosed the following positions as on 31st December 2005

 

Liabilities                          Rs                    Assets                                Rs

 

Share capital:

6,000 equity shares

of Rs.100 each            3,00,000               Goodwill                        82,500

Profit &Loss A/c             37,500               Investments                 2,62,500

General Reserve           1,12,500               Stock                           3,30,000

6% Debentures             2.25,000               Debtors                       1,95,000

Creditors                      2,25,000               Cash                               30,000

9,00,000                                                   9,00,000

 

The profits for the past five years were: 1996-Rs.15,000; 1997-Rs.35,000;

1998-Rs.25,000; 1999-Rs.27,500; 2000-Rs.47,500.

 

The Market value of investments was Rs.1,65,000

 

Goodwill is to be valued at three years purchase of the average annual profits for the last five years.

 

Find out the intrinsic value of each share.

 

 

  • ABC Company Ltd., Passed resolution and got court permission for the reduction of its share capital by Rs.5,00,000 for the purposes mentioned as under:

 

  • To write off the debit balances of R&L A/c pf Rs.2,10,000

 

  • To reduce the value of Plant & Machinery by Rs.90,000 and goodwill by Rs.40,000.

 

  • To reduce the value of investments by Rs.80,000

 

The reduction was made by converting 50,000 preference shares of Rs.20 each fully paid to the same number of preference shares of  Rs.15 each fully paid and by converting 50,000 equity shares of Rs.20 each on which Rs.15 is paid up into 50,000 shares of Rs.10 each fully paid up.

 

Pass journal entries to record the share capital reduction.

 

Section – C

 

Answer any two only.                                                                         2 x 20 = 40

 

19) K Ltd went into liquidation on 31.12.2005 when their Balance Sheet read as follows:

Liabilities                                Rs.                   Assets                          Rs.

Issued & Subscribed                                       Land & Building         7, 50,000

Capital:                                                            Plant & Machinery   18, 75,000

15000 10% cumulative                                   Patents                                    3, 00,000

Preference shares of                                        Stock                           4, 02,500

Rs.100 each fully paid                        15, 00,000       Debtors                       8, 25,000

7500 equity shares of                                      Bank                            2, 25,000

Rs.100 each, Rs.75 paid          5, 62,500        Profit &loss a/c           8, 53,750

22500 equity shares of

Rs.100 each, Rs.60 paid         13, 50,000

15% debenture secured by

a floating charge                     7,50,000

Interest outstanding on

Debenture                               1, 12,500

Creditors                                 9, 56,250

52, 31,250                                           52, 31,250

 

Preference dividends were in arrears for 2 years and the creditors included preferential creditors of Rs.38, 000.

 

The assets realized as follows: Land and building Rs.9,00,000; Plant and machinery Rs.15,00,000; Patents Rs.2,25,000; Stock Rs.4,50,000; Debtors Rs.6,00,000.

The expenses of liquidation amounted to Rs.27, 250. The liquidator is entitled to a commission of 3% on assets realized except cash. Assuming that the final payments including those on debentures were made on 30.06.2001, show the liquidator’s final statement of account.

 

 

 

 

 

 

 

20) S Ltd issued a prospectus inviting applications for 50,000 equity shares of Rs.10

each, payable Rs.5 on application (including Rs.2 as premium), Rs.4 on allotment and the balance towards first and final call. Applications were received for 65,000 shares. Application money received on 5000 shares was refunded and allotment was made pro-rata to applicants of 60,000 shares. Money overpaid on applications including premium was adjusted on account of sums due on allotment.

 

Mr.Pradeep to whom 700 shares were allotted failed to pay the allotment money and his shares were forfeited on his subsequent failure to pay the call money.

 

All the forfeited shares were subsequently sold to Mr.Remi credited as fully paid for Rs.9 per share.

 

You are required to set out the journal entries.

 

  • M Ltd., and N Ltd., agreed to amalgamate on the basis of the following Balance sheet as on 31.03.2005

Liabilites                     M                     N           Assets                     M                N

Rs.                   Rs.                                        Rs.              Rs.

Share Capital               75,000             50,000 Goodwill               30,000       ——–

Rs.25 each

P&L A/C                       7,500               2,500 Fixed Assets         31,500      38,800

Creditors                       3,500               3,500 Stock                     15,000      12,000

Depreciation Fund      ——–                2,500 Debtors                   8,000        5,200

Bank                        1,500        2,500

86,000             58,500                                86,000      58,500

 

The assets and liabilities are to be taken over by anew company formed called P Ltd., at book values P.Ltd’s capital is Rs.2,00,000 divided into 10,000  equity shares of Rs.10 each and 10,000 9% preference shares of Rs.10 each.

 

P Ltd issued the 5000 shares of Rs.10 each to each company and the preference shares were issued for the balance of purchase price.

 

Pass journal entries in the books of P Ltd and prepare its Balance Sheet, if the amalgamation is in the nature of purchase.

 

 

 

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Loyola College B.Com Corporate & Secretaryship April 2007 Company Law Question Paper PDF Download

by

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.  DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

HO 08

FOURTH SEMESTER – APRIL 2007

BC 4501 / CR 4501 – COMPANY LAW

 

 

Date & Time: 24/04/2007 / 9:00 – 12:00         Dept. No.                                                     Max. : 100 Marks

 

 

SECTION – A

                                                                             

Answer all the questions                                                                             (10×2=20 marks)

  1. What is meant by common seal?
  2. What is a preliminary contract?
  3.   What is meant by reorganization of share capital?
  4.   What is meant by doctrine of Indoor management?
  5.   Who is an additional director?
  6. Highlight the rule in Peel’s case.
  7. What is a Holding company?
  8.   Bring out any two differences between transfer and transmission of shares.
  9. Who is a managing director?
  10. What is a share warrant?

 

SECTION – B

 

Answer any five questions                                                                              (5×8 = 40marks)

  1. “ A company is a legal entity different from its members” In what cases do the

courts ignore this principle?

  1. Discuss the rules relating to Government Companies.
  2. Write a note on the fiduciary position of a promoter. How is he remunerated?
  3. Explain the different types of share capital.
  4. Discuss the disqualification of directors.
  5. What are the limitations to the alteration of the Articles of Association?
  6. Bring out the features of shares. Differenciate between stocks and shares.
  7. What are the powers of a director which can be exercised at the Board Meeting?

 

 

SECTION – C

 

Answer any two questions                                                                           (2×20 =40marks)

  1. Write a note on the contents of the Memorandum of Association
  2. Give a detailed account of the provisions relating to Managerial Remuneration.
  3. Discuss the administration of the Companies Act of 1956.

 

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Loyola College B.Com Corporate & Secretaryship April 2007 Business Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.

HO 01

DEGREE EXAMINATION –CORPORATE SECRETARYSHIP

FIRST SEMESTER – APRIL 2007

BC 1500 / CR 1501 – BUSINESS MANAGEMENT

 

 

Date & Time: 25/04/2007 / 1:00 – 4:00          Dept. No.                                                     Max. : 100 Marks

 

 

 

 

SECTION – A

 

Answer all the questions:                                                                   (10 x 2 = 20 marks)

 

  1. What is meant by an organization chart?
  2. Define M.B.O.
  3. With two examples give the meaning of off the job training.
  4. What is ZBB?
  5. What is meant by scalar chain of command?
  6. What is the implication of illumination experiments?
  7. Give any two differences between delegation and decentralization.
  8. What is span of control?
  9. List down the steps in communication process.
  10. Bring out two differences between policies and procedures.

 

SECTION – B

Answer any five questions:                                                                (5 x 8 = 40 marks)

 

  1. Why is delegation not accepted by subordinates?
  2. What are the various sources of recruitment.                                                       13.  Compare and contrast contributions of F.W.Taylor and H. Fayol to management.
  3. Explain the various principles of Direction.
  4. Define control.  Explain its process.
  5.   Explain the principles of a good organization.
  6. Define coordination. Explain the techniques of coordination.
  7. Define decision making. Explain the various types of decisions.

 

SECTION – C

 

Answer any two questions                                                                 (2 x 20 = 40 marks)

 

  1. Define planning. Assess its role in management. Explain its process.
  2. Explain the principles of management with suitable examples.
  3. What are the various styles of leadership? What are the qualities of a successful leader?

 

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Loyola College B.Com Corporate & Secretaryship April 2007 Business Environment Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com.

HO 02

DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

FIRST SEMESTER – APRIL 2007

BC 1501 – BUSINESS ENVIRONMENT

 

 

Date & Time: 26/04/2007 / 1:00 – 4:00          Dept. No.                                                     Max. : 100 Marks

 

 

 

Part A

Answer all the questions:                                                 (10×2=20)

 

1) What are the demographic factors affecting business environment?

2) List any four weakness of trade union movement in India?

3) What is macro environment of business?

4) Define the term “promotion” in business?

5) What are the basic weaknesses of socialism?

6) Define industrial licensing?

7) What are the rights of consumer?

8) What is GNP?

9) Define the term “urbanization”?

10) List the features of consumer movement in India?

 

Part B

Answer any five of the following:                                                            (5×8=40)

 

11)”Business decision- making is an economic process”-Explain?

12) List and explain the merits of mixed economy?

13) What is legal environment of business?

14) What are the programmes of urbanization?

15) Analyse the responsibilities of business towards its employees?

16) Explain the important provision of consumer protection Act.1986?

17) What are the relationships between population and economic growth?

18) What are the regulatory functions of SEBI?

 

 

Part c

 

Answer any two of the following:                                                            (20×2=40)

 

19) What you mean by social and cultural environment? Discuss how social and cultural

environment affect business?

20) How do the following factors of environment affect the pricing of product of business firm (1) technology (2) increase in sales tax (3) inflation in the economy

21) Explain the advantages and disadvantages of modern technology?

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Secretarial Practice Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

     B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 14

 

FIFTH SEMESTER – APRIL 2008

BC 5502 / CR 5502 – SECRETARIAL PRACTICE

 

 

 

Date : 03/05/2008                Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

SECTION – A

 

  1. Answer ALL the questions: 10 x 2 = 20 Marks

 

  1. Write a note on Secretary to the Government.
  2. Who is a Company Secretary?
  3. Who can practice as a Company secretary?
  4. Mention any four areas of practice for the company secretary.
  5. Bring out the provisions relating to the dismissal of a company secretary.
  6. What is meant by foreign register of members?
  7. What is interim dividend?
  8. List any four non-statutory books.
  9. Give any four disqualification of an auditor.
  10. Write short notes on books of account.

 

SECTION – B

 

  1. Answer any FIVE questions only: 5 x 8 = 40 Marks

 

  1. Highlight the role of Company secretary at the registered office of the company.
  2. Bring out the rules relating to the qualifications and appointment of a Company secretary.
  3. Condense the provisions relating to the preservation of records as per the Companies Act, 1956.
  4. Briefly explain any eight statutory books to be maintained by a company.
  5. Distinguish between Dividend and Interest. When can interest be paid out of capital?
  6. Give an account of secretarial duties relating to maintenance of statutory books.
  7. State any eight returns to be filed by a company with the Registrar of companies.
  8. Explain the contents of the Director’s report.

 

SECTION – C

 

 III. Answer any TWO questions only:                                           2 x 20 = 40 Marks

 

  1. Explain in detail the provisions regarding the professional misconduct of a company secretary.
  2. Highlight the provisions relating to payment of dividend. Explain the duties of a company

secretary relating to the payment of dividend.

  1. Describe the rights, duties and liabilities of an auditor.

 

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Portfolio Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

     B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 18

 

SIXTH SEMESTER – APRIL 2008

BC 6602 / CR 6602 – PORTFOLIO MANAGEMENT

 

 

 

Date : 23/04/2008                Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A

(10 x 2 = 20)

ANSWER ALL QUESTIONS

 

  1. Define investment.
  2. Who is a gambler?
  3. What does Net Asset Value mean?
  4. Write a note on Bonus Shares.
  5. What is Security Market Line?
  6. Define the term Beta.
  7. A bond of Rs.5000 with a 10% coupon rate matures in 7 years and currently

sells at 97.5%. Calculate the YTM.

  1. Output 100000 units. Selling Price Rs.4 per unit, Variable Cost Rs.2 per unit,

Fixed Cost Rs.40000. Its capital structure consists of 9% Bank Loan Rs.1 lakh

and Equity share Capital @ Rs.10, Rs.5 lakhs. Tax rate 40%. Calculate EPS.

  1. Risk free rate is 7%. The market risk premium is 10.5% and the Beta of the

security is 1.5. Calculate the expected return of the security under CAPM.

10.The market price of an equity share is Rs.100. Following information is

available in respect of dividends, market price and the expected market

condition after one year.

Market Condition Probability Market Price (Rs.) Dividend (Rs.)
Good 0.25 115 9
Normal 0.5 107 5
Bad 0.25 97 3

 

 

 

 

Find out the expected return.

PART – B

(5 x 8 = 40)

ANSWER ANY FIVE QUESTIONS

 

  1. Briefly explain the secondary objectives of investment.
  2. What are the economy-wide factors that affect the fundamental analysis?
  3. Define Capital Asset Pricing Model. Bring out its basic assumptions.
  4. Differentiate constant rupee plan from constant ratio plan.
  5. “Investment in Mutual funds are better than equity shares” – Comment.
  6. Two securities, X and Y have variance of 13 and 12 and the expected returns

of 15% and 12% respectively. The covariance between the returns is 3. Find

out the return and risk of the following portfolios:

  Security X Security Y
(I) 0.2 0.8
(ii) 0.7 0.3
(iii) 0.5 0.5

 

 

 

  1. Six Portfolios experienced the following results during a 7-year period:
Portfolio Average Return Standard Deviation Correlation with market
I 18.6 27 0.81
II 14.8 18 0.65
III 15.1 8 0.98
IV 22 21.2 0.75
V – 9 4 0.45
VI 26.5 19.3 0.63

 

 

 

 

 

 

 

 

The risk free rate of interest is 9% and the market risk is 12%. Rank these

portfolios using (a) Sharpe’s and (b) Treynor’s Ratio

 

  1. Growth Fund, Trade bills and BSE Sensex had the following returns over the

past 5 years.

Year Growth Fund Returns % Trade Bills Returns % BSE Sensex Returns %
2003 9 6 6
2004 – 6 10 – 5
2005 14 8 11
2006 12 7 10
2007 16 9 13

 

 

                What is the predictive ability of the fund?

PART – C

(2 x 20 = 40)

ANSWER ANY TWO QUESTIONS

 

  1. Explain the systematic and unsystematic risk with relevant examples.

 

20.What are the various forms of investment alternatives? Give a detailed

account of any eight.

 

  1. The following information is available in respect of investment in A & B
Conditions Probability Returns from A (%) Returns from B (%)
DULL 0.2 10 6
STABLE 0.5 14 15
GROWTH 0.3 20 11

(i) Calculate:

  • Expected return and standard deviation of the investments A & B
  • Covariance
  • Correlation

(ii) What will be return if total investment is divided one half in each?

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Personnel Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

           B.Com.,B.A. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 10

 

FIFTH SEMESTER – APRIL 2008

BC 5400 / CR 5400 – PERSONNEL MANAGEMENT

 

 

 

Date : 05/05/2008                Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A

 

Explain the following concept in FIVE lines each:                                                (10 x 2 = 20)

  1. E- Learning
  2. Vestibule Training
  3. Job Analysis
  4. Human Resource Outcomes
  5. 360 degree Performance Appraisal System.
  6. Motivation
  7. Negative Discipline
  8. Employee Leasing
  9. Structure Interview
  10. Call Centre Challenges

 

PART – B

Answer any FIVE questions: Answer should not exceed 2 pages each.             (5 x 8 = 40)

 

  1. Distinguish between Job Description and Job Specification.
  2. State the objectives of Personnel Management
  3. List out the qualities of Personnel Manager.
  4. Define Human Resource Planning. What is its importance?
  5. Briefly explain the different kinds of External Recruitment Method.
  6. Define Selection. Briefly explain the cause of selection.
  7. What are the common interview problems? How can they be overcome?
  8. Define Performance Appraisal. What are their objectives?

 

PART – C

 

Answer any TWO questions: Answer should not exceed 4 – 6 pages each. (2 x 20 = 40)

 

19.Explain the Evolution of Human resource.

20.Explain the Maslow’s Hierarchy Theory in detail.

21.Bring out the barriers to effective training. How do you overcome them?

 

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Office Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

   B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 17

 

SIXTH SEMESTER – APRIL 2008

BC 6601 – OFFICE MANAGEMENT

 

 

 

Date : 21/04/2008             Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

 

SECTION- A                                                      10 x 2 = 20

 

Answer all questions

 

  1. What is an Office
  2. Expand EDP
  3. What is an Organizational Chart?
  4. State the different types of office manual
  5. What is an office layout?
  6. Mention the two approaches to work measurement in an office
  7. What is word processing
  8. What is configuration
  9. State O&M approach
  10. What is a pincode?

 

SECTION- B                                                      5 x 8 = 40

 

Answer any Five

 

  1. State the constituents of an office
  2. What are the contents of an organizational chart?
  3. Bring out the procedures involved in Motion Study?
  4. How reduction in cost is important for an office function?
  5. What are the factors to be considered before buying office equipment?
  6. What are the advantages of dictating machine?
  7. Write short notes on a) microfilming equipment, b) photocopier
  8. What are the essential features of a good filing system?

 

           SECTION –C                                                                 2 x 20 = 40

 

Answer any two questions only

 

19) Discuss the practical steps/guidelines to be followed while setting up an office

20) Explain the salient features of popular office equipments used in India

21) Give a detailed account of preparation and use of an office manual as a tool for management

 

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Management Accounts Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

    B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 16

 

SIXTH SEMESTER – APRIL 2008

BC 6600 / CR 6600 – MANAGEMENT ACCOUNTS

 

 

 

Date : 16/04/2008             Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

SECTION      A

Answer ALL questions                                                                                10 x 2=20

  1. Define Management Accounting.
  2. Distinguish between ‘fixed budget’ and ‘flexible budget’
  3. Write a short note on Current Ratio
  4. What is a ‘Funds Flow Statement’?
  5. What is working capital?
  6. Sales-Rs. 1,00,000, Profit-Rs. 10,000,Variable cost-70% of sales. Find out

P/V Ratio.

  1. Standard time per unit 2 hrs, Standard rate per hour Rs. 3, Actual output 80 units,

Total Actual time taken 150 hours, Actual Rate per hour Rs. 3.50. Compute DLCV

(Direct Labour Cost Variance).

  1. Calculate the Operating Profit Ratio from the following figures,

Sales-Rs. 70,000, Production expenses-Rs. 35,000, Administration expenses-Rs.

10,000,Interest expenses-Rs. 5,000,

  1. A Company realized Rs. 20,000 from its debtors. The total current assets before

the realization was Rs. 3,00,000. What is the total of current asset after the realisation

from debtors.

10.Write the formula to calculate Stock Turnover ratio.

 

                                                            SECTION    B                                      5 x 8=40

Answer any FIVE questions.

  1. Explain the uses and limitations of ratio analysis.
  2. Explain any four applications of marginal costing in Managerial decision making.
  3. What is Budget? Enumerate the advantages of budgetary control .
  4. The sales director of a manufacturing company reports that next year he expects

to sell 50,000 units of a particular product.

The production manager consults the store keeper and casts his figures as follows:

Two kinds of raw materials, A and B are required for manufacturing the product.

Each unit of the product requires 2 units of A and 3 units of B. The estimated opening

Balances at the commencement of the next year are:

Finished Product    : 10,000 units,

Raw Material A     :  12,000 units, B – 15,000 units,

The desirable closing balances at the end of the next year are:

Finished product     : 14,000 units; A-13,000 units, B-16,000 units.

Draw up a Materials Purchase Budget for the next year.

  1. The Sales Turnover and Profit during two years were as follows:

Year                           Sales                       Profit

Rs.                             Rs.

2006                      1,50,000                  20,000

2007                     1,70,000                   25,000

 

You are required to calculate: (i) P/V Ratio, (ii) Break-Even Point, (iii) The Sales

Required to earn a profit of Rs. 40,000, (iv) The profit made when sales are

Rs. 2,50,000

  1. Item                        Budget                        Actual

Number of working days                          20                              22

Man hours per day                                 8,000                         8,400

Output per man-hour in units                     1                               1.2

Total Units of output                           1,60,000                     2,21,760

Standard overhead rate per-man hour Rs. 0.10

From the above information calculate: (i) Volume variance, (ii) Efficiency variance,

And (iii) Calender variance.

  1. With the following data for a 60% activity, Prepare a flexible budget for production

At 80% and 100% activity.

Production at 60% activity     600 units

Materials                          Rs. 100 per unit

Labour                              Rs. 40 per unit

Expenses                           Rs. 10 per unit

Factory expenses Rs. 40,000(40% fixed)

Administration expenses Rs. 30,000(60% fixed)

  1. You are required to calculate:
  2. i) Debtor’s Turnover ratio, ii) Creditor’s Turnover ratio, iii) Stock Turnover ratio

The information available is as under:

Total Sales for the year    Rs. 1,00,000

Cash Sales for the year              20,000

Debtors                                      15,000

Bills Receivable                           5,000

Credit Purchases                     1,00,000

Creditors                                    25,000

Gross Profit                                50,000

Average stock                             10,000

 

SECTION    C                              2 x 20=40

Answer any TWO questions

 

  1. From the following Balance Sheets of X Ltd. on 31-12-2005 and 2006 you are

required to prepare (a) A schedule of changes in working capital, (b) A Funds

Flow Statement.

Liabilities                     2005        2006          Assets                 2005                2006

Rs.           Rs.                                          Rs.                 Rs.

Share capital                1,00,000   1,00,000     Goodwill           12,000            12,000

General Reserve             14,000      18,000     Buildings           40,000            36,000

Profit & Loss A/c           16,000      13,000     Plant                   37,000            36,000

Sundry Creditors              8,000        5,400     Investments        10,000            11,000

Bills Payable                      1,600        1,400     Stock                  30,000            23,400

Provision for Taxation   16,000      18,000     Debtors               20,000           22,400

                                                                        Cash                      6,600           15,200

                                          1,55,600      155,800                            1,55,600        1,55,800

The additional information has also been given.

  1. Depreciation charged on plant was Rs. 4,000 and on Building Rs. 4,000.
  2. Provision for taxation of Rs. 19,000 was made during the year 2006
  • Dividend of Rs. 8,000 was paid during the year 2006

 

 

  1. A Company expects to have Rs. 37,500 cash in hand on 1st April,2008 and requires

You  to prepare a Cash Budget for the three months from April to June 2008.  The

following information is supplied to you.

 

Sales          Purchases           Wages          Office expenses

February           75,000            45,000              9,000              18,000

March               84,000            48,000              9,750              18,750

April                 90,000            52,500            10,500              20,250

May                1,20,000           60,000            13,500              23,820

June                1,35,000           60,000            14,250              28,000

Other information:

  1. Period of credit allowed by suppliers – 2 months,
  2. 20% of sales is for cash and period of credit allowed to customers for credit

Sales is one month

  • Delay in payment of office expenses -1 month,
  1. Income tax of Rs. 57,500 is due to be paid on June 15, 2008
  2. The Company is to pay dividends to share holders of Rs. 37,500 in the month of April.

 

21 . The Standard cost of a chemical mixture is as under:

4 tons of Material X at Rs. 20 per ton,

6 tons of Material Y at Rs. 30 per ton,

Standard yield is 90% of input,

Actual Cost for a period is as under:

4.5 tons of material X at Rs. 15 per ton,

5.5 tons of material Y at Rs. 34 per ton ,

Actual Yield is 9.1 tons.

Compute (a) Material Price Variance, (b) Material Usage Variance,

(c) Material  Mix Variance, and (d) Material Yield Variance.

 

 

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Indian Banking Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

           B.Com.,B.A. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 12

 

FIFTH SEMESTER – APRIL 2008

BC 5500 / CR 5500 – INDIAN BANKING

 

 

 

Date : 28/04/2008                Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

SECTION A

Answer ALL questions.                                                                                                         10 X 2 = 20

 

  1. What is venture capital?
  2. What is demand bill?
  3. Explain lead bank scheme.
  4. What is Cash Reserve Ratio?
  5. What is mobile banking?
  6. What is time deposit?

Define the following terms.

  1. ‘Unit Banking’
  2. ‘Import Finance’
  3. ‘Green Card’
  4. ‘Packing credit’

 

SECTION B

Answer any FIVE questions.                                                                                                 5 X 8 = 40

 

  1. Elaborately explain village adoption scheme.
  2. What are the advantages of branch banking?
  3. What are the types of bank financing?
  4. Explain the importance of rural banking for rural development.
  5. Explain the structure of the commercial banking system.
  6. Explain the general administration of the RBI.
  7. What are the objectives of entrepreneurial clinics?
  8. What are the advantages of unit banking system?

 

SECTION C

Answer any TWO questions.                                                                                                 2 X 20 = 40

 

  1. ‘Nationalization of commercial banks is a boon to our economic development’ – Discuss.
  2. Elaborately explain the different functions of RBI.
  3. Explain the classification of banks based on the functions they perform.

 

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Financial Accounting Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

      B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 3

 

SECOND SEMESTER – APRIL 2008

BC 2500/ CR 2501 – FINANCIAL ACCOUNTING

 

 

 

Date : 23-04-08                  Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

PART – A

Answer ALL the questions                                                                          (10×2=20 Marks)

  1. Specify any two functions of ‘Financial Accounting’?
  2. How are ledgers made ‘Self-Balancing’?
  3. Write a short note on ‘Shortworkings Lapsed’?
  4. How are ‘Inter-Departmental transfers treated’?
  5. What is ‘Average clause’ in a Fire insurance policy?
  6. Mention the ‘Journal Entry’ required for goods returned by branch to head office under ‘Stock and Debtors System’?
  7. A machine was purchased for Rs. 1,00,000 on 1-1-2004. The usual life of the machine is five years and the residual value is Rs. 20,000.

Find out the amount of depreciation to be provided every year under the straight line method?

  1. M/S Grace & Co., purchased a truck on 1-1-2001. The cash price being Rs.1,00,000. The purchase is on hire-purchase system. Rs. 30,000 has to be paid on the signing of the contract and thereafter, Rs. 40,000 has to be paid annually for two years interest was charged at 6%. Calculate the interest payable.
  2. Calculate the amount of Drawings from the following information?

Profits Rs. 1,20,000; Closing Capital Rs. 3,80,000 and opening Capital Rs.3,00,000.

  1. Net profit Rs.50,000; Fixed expenses [including depreciation] Rs. 80,000 and G.P.Ratio on turnover is 25%. What is Cost of Sales?

 

PART – B

Answer any FIVE questions                                                                        (5×8=40 Marks)

  1. Distinguish between HIREPURCHASE AND INSTALMENT.
  2. Write short notes on the following:
  1. Consequential loss policy
  2. Hire purchase Trading Account
  3. General Ledger Adjustment Account
  4. Repossessed Stock
  1.  Differentiate single entry system from Double Entry system?
  2. Machinery Account in the books of M/s HONESTY & Co., was as follows:

Balance as at 1-1-1986 Rs. 14,900

Purchase of machinery on 1-7-1986 Rs. 4,400

Sale of machinery on 1-10-1986 Rs. 1000.

The original Cost of machinery sold was Rs. 6000 on 1-7-1983.

Machinery is being depreciated at 10% p.a. on diminishing balance of the asset.

The books are closed on 31st Dec each year books .

Prepare the machinery account for the year endry 31st Dec 1986.

  1.  From the following details, prepare Debtors Ledger Adjustment A/c in the General Ledger and General Ledger Adjustment A/C in the Creditors Ledger as on 31-12-1976.

Rs.

Debtors Balance as on 1-12-1976       ————————      45,750

Creditors Balance as on 1-12-1976 ————————–       54,900

Transactions for the month of December:

Credit purchases                     ——————————–        20,500

Credit Sales                             ——————————–        22,700

Return Inwards                       ——————————–             400

Return Outwards                    ——————————–             600

Cash received from customers            ———————–       25,000

Discount allowed to customers           ———————–            550

Cash paid to creditors                         ———————–       30,700

Discount received from creditors       ———————–            670

Acceptance received from Debtors    ———————–         8,700

Creditors bills accepted                      ———————–       12,000

B/R returned dishonoured                  ———————–         1,200

B/P returned dishonoured                   ———————–         3,000

Bad debts written off                         ———————-           2,500

Sundry charges debited to customers ———————-              345

Allowances from creditors                  ———————-              275

 

  1. Mr. S. Vasanth and Mr. X. Peter started business on 1-1-2005 with capitals in the ratio of 2:3.

Their assets and liabilities on 1-1-2005 and on 31-12-2005 were as follows:

1-1-2005

(Rs.)

 31-12-2005

(Rs.)
Cash in hand & at bank …………………………. 5,000 6,000
B/R …………………………………………………….. 3,000 4,000
Sundry-in-trade…………………………………….. 30,000 25,000
Stock-in-trade………………………………………. 4,000 5,000
Fixed Assets ……………………………………….. 70,000 60,000
Creditors …………………………………………… 8,000 5,000

The partners share profits in the ratio of 2:3 after charging interest on capital in the beginning @ 6% p.a. and after providing interest on Drawings @ 5% p.a.

Drawings on an average of 6 months are Rs. 10,000 for Mr. S. Vasanth and Rs. 15,000 for Mr. X. Peter.

Calculate profits and also ascertain the share of net profits after charging interest on capital and after providing interest on Drawings.

  1.  A Bombay head office has a branch at Madras to which goods are invoiced at cost plus 25%.

From the following particulars, prepare the Branch A/c in the head office books:

 

 

Goods sent to branch ————————

 Rs.

2,00,000
Total sales ———————————— 3,00,000
Cash sales ———————————— 1,00,000
Cash received from branch Drs ———– 1,80,000
Branch Drs on 1-1-2006 ——————- 30,000
Branch stock on 1-1-2006 —————– 1,00,000
Branch stock on 31-12-2006 ————– 70,000

 

  1. A fire occured in the premises of Mr. R. Chandran on 10th May 2006. In order to make a claim on their fire policies in respect of the stock, calculate the amount of claim from the following data. The stock salvaged was Rs. 7600
2003

(Rs)

 2004

(Rs)

 2005

(Rs)

 2006

(Rs)
Opening Stock —————— 32,000 30,000 32,000 36,000
Purchases            —————- 82,000 94,400 1,13,200 1,56,000
Sales             ——————— 1,20,000 1,32,000 1,56,000 1,98,000
Closing Stock  ——————- 30,000 32,000 36,000 ?

 

PART – C

Answer any TWO questions                                                                        (2×20=40 Marks)

  1. Prepare Trading and Profit & Loss Account for the year ended 31st December 2006 and the Balance Sheet as at that date from the following particulars.
DEBIT

BALANCES

 Rs. CREDIT

BALANCES

 Rs.
Purchases ——————— 40,000 Capital ———————- 50,000
Return Inwards ————– 1,500 Return outwards ———– 1,000
Carriage Inwards ————- 7,500 Sales ———————— 1,00,000
Carriage Outwards ———– 8,000 Discount Received ——– 5,000
Office Expenses ————– 10,000 Sundry Creditors ———- 42,500
Rent for office —————- 4,000
Buildings ———————- 50,000
Furniture & Fixtures ——– 20,000
Sundry Drs ——————- 15,000
Cash in hand —————– 1,000
Cash at Bank —————– 5,000
Opening stock ————— 10,000
Salaries ———————– 12,500
Discount allowed ———– 4,000
Drawings ——————– 10,000
1,98,500 1,98,500

Adjustments:

  1. Stock on hand on 31-12-2006 was estimated at Rs. 40,000 (including stationery stock Rs. 1000).
  2. Office expenses include stationery purchased Rs. 3000.
  3. Allow interest on capital @ 12% p.a.
  4. Carriage inwards include carriage paid on purchase of furniture Rs. 500.
  5. Stock destroyed by fire was Rs. 5000 and the insurance company accepted a claim of Rs. 2000.
  6. 1750 paid as rent of the office was debited to Landlord A/c and was included in the list of sundry debtros.

 

  1. On 1-1-2001, M/s RAGAM TRADERS purchased from M/s VASANTHAM BROTHERS five trucks costing Rs. 20,000 each on the hire purchase system.

It was agreed that Rs.25,000 should be paid immediately and the balance in three instalments of RS. 30,000 each at the end of each year.

M/S VASANTHAM BROTHERS charges interest @ 10% p.a. The buyer depreciates trucks @ 20% p.a. on the diminishing balance method.

The buyer paid cash down and two instalments but failed to pay the last instalment. Consequently, M/s VASANTHAM BROTHERS repossessed three trucks leaving two trucks with the buyer and adjusting the value of 3 trucks against the amount due.

The trucks repossessed were valued on the basis of 30% depreciation p.a on the written down value.

M/s VASANTHAM BROTHERS sold the trucks repossessed for Rs. 30,000 after necessary repairs amounting to Rs. 5,000.

Prepare necessary ledger accounts in the books of the parties.

 

  1. M/S KIRUBAI & COMPANY took from M/S FAITH & COMPANY a lease of a coal field for a period of 10 years from 1st January 2000 on a royalty of 75 paise per tonne of coal raised with a ‘Dead Rent’ of Rs. 3000 a year and a power to recoup shortworkings during the first 5 years of the lease.

The annual outputs were as follows:

 

Year                Outputs

  • 1000 tonnes
  • 3000 tonnes
  • 8000 tonnes
  • 2000 tonnes
  • 8000 tonnes

Prepare ledger accounts in the books of M/S KIRUBAI & COMPANY.

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Company Law Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

           B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 8

FOURTH SEMESTER – APRIL 2008

BC 4501 – COMPANY LAW

 

 

 

Date : 29-04-08                  Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

SECTION – A

 

  1. Answer all the questions: 10 x 2 = 20 Marks

 

  1. Write a note on NCLT.
  2. Who is a promoter?
  3. What are preliminary contracts?
  4. Define prospectus.
  5. Distinguish between equity shares and preference shares.
  6. What is meant by Doctrine of ultra vires?
  7. Give the meaning of debentures.
  8. What do you mean by transmission of shares?
  9. Write short notes on books of accounts.
  10. What is Register of Charges?

 

 

SECTION – B

 

  1. Answer any FIVE questions only: 5 x 8 = 40 Marks

 

  1. Highlight the privileges enjoyed by a private limited company.
  2. Distinguish between a public limited company and a private limited company.
  3. What is a corporate veil? When is it pierced?
  4. Discuss the scope of Doctrine of Indoor management along with its exceptions.
  5. What are Articles of association? Mention any fourteen of its contents.
  6. Who are liable for misstatements in prospectus? Explain the extent of civil and criminal liability for such misstatements.
  7. Bring out the statutory rules relating to payment of dividend.
  8. Briefly explain the following:

(a) Shelf prospectus (b) Deemed prospectus (c) Payment of interest out of capital

(d) Share warrant

 

 

SECTION – C

 

III. Answer any TWO questions only:                                            2 x 20 = 40 Marks

 

  1. Define a Joint stock company. Explain the various classifications of companies.
  2. Describe the different stages involved in the formation of a public limited company.
  3. Give a detailed account of Statutory and statistical books to be maintained by a public limited company.

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Company Accounts Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

      B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 9

 

FOURTH SEMESTER – APRIL 2008

BC 4502 – COMPANY ACCOUNTS

 

 

 

Date : 26-04-08                  Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

             Part A            (Answer all the questions)                      (10 x 2 = 20)                      

  1. What is minimum subscription?
  2. What is meant by underwriting?
  3. Write a note on capital redemption reserve.
  4. How do you apportion the following expenses while ascertaining profits prior to incorporation:  Depreciation, advertisement, director’s fee, preliminary expenses.
  5. Briefly explain consolidation and subdivision of shares with an example.
  6. What is interim dividend?
  7. A company forfeits 100 shares of Rs 10 each, issued at Rs 11 per share. The premium was payable on allotment. The shareholder failed to pay the allotment money of Rs.3 per share and second and final call of Rs 5 per share. Pass the journal entry.
  8. A company issued 1000 8% debentures of Rs 100 each at a discount of 5%, redeemable at a premium of 10%. Pass journal entry.
  9. How is provision for tax treated in the final accounts of a company?
  10. The following extract from the balance sheet of G and Company Limited as on 31st December 1997 is given to you                                                                                                                                   Rs.

Share capital:

200000 equity shares of Rs.10 each                                                                            20,00,000

300000 6% redeemable preference shares of Rs 10 each                                                        30,00,000

Capital reserve                                                                                                             15,00,000

General reserve                                                                                                              9,00,000

Profit and Loss account                                                                                                           25,50,000

The company exercises its option to redeem the preference shares on 1.1.98. The company has sufficient cash. Give journal entries to record the redemption.

 

                                                     Part B (answer any five questions only)               5 x 8 = 40

 

  1. On 1.1.92 a company issued Rs 20,00,000  7% debentures at 5 % discount repayable in five years at par. The company reserved the right to redeem to the extent of Rs 2,00,000 in any year by purchase in the open market. The interest was payable half-yearly on 30th June and 31st December and the same was duly paid.

On 31st December 1992, the company purchased Rs 200000 debentures at a cost of Rs. 1,91,000. Pass necessary journal entries in the books of the company up to 31st December 1992 including closing entries on that date if the above redemption was out of profit.

  1. F ltd issued 60000 shares which were underwritten as follows.

X – 30000 shares, Y – 18000 shares, Z – 12000 shares.

In addition there was firm underwriting as follows.

X – 3000 shares Y – 1500 shares Z – 4500 shares.

The total subscription including firm underwriting were 45600 shares. The following marked form were included in the subscription

X – 9000 shares Y – 13500 shares Z – 5100 shares.

Show the allocation of liabilities of each underwriter if the benefit of firm underwriting is given to individual underwriters by treating them like marked forms.

  1. Distinguish between debentures and shares.
  2. What is capital reduction? What are the provisions of the companies act with regard to reduction of share capital?
  3. Explain the provisions relating to redemption of preference shares.
  4. The following particulars are available in respect of the business carried on by Mitra.

Rs

  • Capital invested 50000
  • Trading results

1994                profit                                                                                                   12200

1995                profit                                                                                                   15000

1996                loss                                                                                                        2000

1997                profit                                                                                                   21000

  • Market rate of interest on investment                                                                    8%
  • Rate of risk return on capital invested in business        2%
  • Remuneration from alternative employment of the proprietor( if not engaged in business) 3600 per annum

Compute the value of good will of the business on the basis of 3 years purchase of super profits taking average of last four years.

  1. S limited was incorporated on 1.7.98 and received its certificate of commencement of business on 1.8.98. the company bought the business of m/s p and co. with effect from 1.3.98. from the following figures relating to the year ending 31st March 99, find out the profits before and after incorporation.
  • Sales for the year were Rs. 6,00,000 out of which sales upto 1.7.98 were 250000
  • Gross profit for the year was Rs 1,80,000
  • The expenses debited to profit and loss account were:
particulars Rs Particulars Rs
Rent 9,000 General expenses 4,800
Salary 15,000 Advertising 18,000
Directors fees 4,800 Stationery 3,600
Interest on debentures 5,000 Commission on sales 6,000
Audit fees 1,500 Bad debts(Rs 500 relate to debts prior to incorporation) 1,500
Discount on sales 3,600 Interest to vendor on purchase consideration up to 1.9.98 3,000
depreciation 24,000
  1. The following particulars relate to a company which went into voluntary liquidation.

Preferential creditors Rs 25000, unsecured creditors Rs.58,000, 6% debentures Rs.30,000.

The assets realized Rs 80,000. The expense of the liquidation were Rs 1500 and the liquidators remuneration was agreed at 2.5% on the amount realized and 2% on the amount paid to unsecured creditors including preferential creditors. Show the liquidators final statement of accounts.

 

Part C (answer any two questions only)                            2 x 20 = 40

 

  1. A Limited issued a prospectus inviting applications for 200000 shares of Rs 10 each at a premium of Rs 5 per share payable on application Rs 2.50 per share, allotment Rs 7.50, (including premium) on first call Rs 4, and on final call Re 1 per share. Applications were received for 300000 shares and allotment was made on pro-rata to the applicants of 240000 shares, and the remaining applications being refused. David to whom 4000 shares were allotted failed to pay the allotment money and on his failure to pay the first call his shares were forfeited. Madan the holder of 6000 shares failed to pay the two calls and his shares were forfeited all these shares were sold to Robert at Rs 8 per share fully paid. Pass journal entries.
  2. From the following balance sheets of X Limited prepare cash flow statement.

 

Liabilities 31.03.06 31.03.07 Assets 31.03.06 31.03.07
Equity share capital 3,00,000 4,00,000 Goodwill 1,15,000 90,000
Preference share capital 1,50,000 1,00,000 Land and building 2,00,000 1,70,000
General reserve 40,000 70,000 Plant 80,000 2,00,000
Profit and loss account 30,000 48,000 Debtors 1,60,000 2,00,000
Creditors 55,000 83,000 Stock 77,000 1,09,000
Bills payable 20,000 16,000 Bills receivable 20,000 30,000
Provision for taxation 40,000 50,000 Cash 15,000 10,000
Proposed dividend 42,000 50,000 bank 10,000 8,000
  6,77,000 8,17,000   6,77,000 8,17,000

            Additional information:

  • Depreciation of Rs 10000 and Rs 20,000 has been charged on plant and land and building respectively
  • And interim dividend of Rs 20,000 has been paid
  • Income tax of Rs 35,000 has been paid.
  1. From the following trial balance prepare profit and loss a/c and balance sheet for the year ended 31.03.02.
Particulars Debit (Rs) Particulars Credit(Rs)
Plant at cost 3,00,000 Equity share capital 4,00,000
Land and Building 5,00,000 8% preference share capital 2,00,000
Investment in shares 2,00,000 Depreciation upto 31.03.01

Plant

Building

  

1,00,000

1,50,000
Stock 70,000 Dividend equalization reserve 10,000
Bank 60,000 Profit and loss a/c on 1.4.01 25,000
Debtors 50,000 Creditors 30,000
Income tax deducted at source on dividend 2,200 Dividend (gross) 10,000
Establishment expenses 15,000 Miscellaneous receipts 2,300
Rent and taxes 6,000 Trading account balance 3,04,400
Audit fees (including Rs 1000 paid for other services 2,500
M.D.’s minimum remuneration 12,000
Directors fees 2,000
Sundry expenses 6,000
Income tax for previous year not provided 6,000
  12,31,700   12,31,700

You ascertain that:

  • Depreciation is to be charged on the written down value of plant @ 10% and land and building @ 5%
  • The directors propose to recommend a dividend of 15% on equity shares.
  • Provision for taxation is to be made at 55%.
  • D. is entitled to 5% on the net profits subject to a minimum of Rs.12,000 per annum.
  • A sum of Rs 15,000 is to be transferred to dividend equalization reserve.

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Business Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

          B.Com.,B.A. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 01

 

FIRST SEMESTER – APRIL 2008

BC 1500 / CR 1501 – BUSINESS MANAGEMENT

 

 

 

Date : 03/05/2008                Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

  SECTION – A

 

  1. Answer ALL the questions: 10 x 2 = 20 Marks

 

  1. What is meant by M.B.E?
  2. What is a Decision tree?
  3. Differentiate between centralisation and decentralisation?
  4. Give any four reasons for Direction.
  5. What is a flat organisation structure?
  6. List out 2 differences between objectives and policies.
  7. What is the meaning of Man Power Planning?
  8. What is meant by Morale?
  9. List out the various levels in management.
  10. List out any four ways of conducting a Performance Appraisal.

 

SECTION – B

 

  1. Answer any FIVE questions: 5 x 8 = 40 Marks

 

  1. Bring out the ways in which plans can be made effective.
  2. Explain Herzbug’s thoery of motivation.
  3. Define Communication. Explain its process.
  4. What are the various techniques of Coordination?
  5. Give a detailed account on the various sources of recruitment.
  6. Why is delegation very important in any Organisation?
  7. Bring out the qualities of a successful leader.
  8. Is management an Art or Science. Justify.

 

SECTION – C

 

 III. Answer any TWO questions only:                                           2 x 20 = 40 Marks

 

  1. Define Management. Give a detailed account on Fayols contribution to management.
  2. Explain the process of control. How can it be made effective.
  3. Explain the various ways in which an organisation can departmentalise its activities.

 

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Business Environment Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

    B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 2

 

FIRST SEMESTER – APRIL 2008

BC 1501 – BUSINESS ENVIRONMENT

 

 

 

Date : 06/05/2008                Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

SECTION – A

Answer  ALL the questions:                                                                            ( 10 x 2 = 20 )

 

  1. What is Ecology?
  2. What are the economic systems prevailing in the world?
  3. What is environmental analysis?
  4. List out any three external environments of business.

Write short note on:

  1. ‘Business environment’
  2. ‘Per capita income’
  3. ‘MRTP Act’
  4. ‘Business Ethics’
  5. ‘Mixed Economy’
  6. ‘Globalization’

SECTION – B

Answer  any FIVE questions:                                                                          ( 5 x 8 = 40 )

 

  1. Explain the characteristics of modern business.
  2. What are the micro environments of business? Explain.
  3. What are the arguments in favour of social responsibilities of business enterprises?
  4. What are the fundamental rights of Indian constitution? Explain its importance.
  5. “Population growth retards economic and social development of our nation”. Discuss.
  6. ‘Technological development leads to business development’ – comment.
  7. ‘Business is an economic system’ – Discuss.
  8. What are the unethical practices which go against the interest of consumers?

 

SECTION – C

Answer  any TWO  questions:                                                                         ( 2 x 20 = 40 )

 

  1. What are the macro environments of business? Explain.
  2. Elaborately explain the economic, social and human objectives of business.
  3. Discuss the advantages and disadvantages of globalization?

 

 

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Loyola College B.Com Corporate & Secretaryship April 2008 Auditing Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

           B.Com. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

GF 11

FIFTH SEMESTER – APRIL 2008

BC 5401/ CR 5401 – AUDITING

 

 

 

Date : 02-05-08                  Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

PART-A

Answer all the questions:                                                      (10×2=20 marks)

 

State the meaning or concepts of the following

  1. Cut of test
  2. Internal Test
  3. Audit Report
  4. Audit programme
  5. Teeming & Lading
  6. Special Reserve
  7. Vouching
  8. State any 2 differences between audit and investigation
  9. Independent auditing
  10. Audit evidence

PART-B

Answer any FIVE questions:                                                           (5×8=40 marks)

 

  1. Distinguish between Reserves and Provisions.
  2. Describe the various steps in the evaluation of internal control system.
  3. What are contents of audit note book?
  4. What is the auditor’s duty with regard to verification and valuation of inventories.
  5. What are the advantages of continuous audit?
  6. Bring out differences between Internal audit and internal check.
  7. Explain the duties of an auditor relating to special and secret reserve.
  8. What are the limitations of Internal Audit?

 

PART-C

Answer any TWO questions:                                                           (2×20=40 marks)

 

  1. Discuss the procedures to be followed for vouching the receipts side and payment side of a cash book.
  2. How would you verify and treat the following assets and liabilities
  1. a) Land and Building b) Provision for bad and doubtful debts
  2. c) Trade creditors d) Bills Receivable
  1. What are the objectives and advantages of auditing? Briefly explain.

 

 

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Loyola College B.Com Corporate & Secretaryship Nov 2008 Mercantile Law Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

         B.Com.& B.A. DEGREE EXAMINATION – CORPORATE SECRETARYSHIP

LA 03

 

THIRD SEMESTER – November 2008

BC 3500 / CR 3500 – MERCANTILE LAW

 

 

 

Date : 06-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

SECTION – A

 Answer ALL the questions.                                                                (10×2=20)

 

  1. What constitutes an offer?
  2. Is adequate consideration an essential for contract?
  3. Give the meaning of free consent.
  4. Define indemnity.
  5. List four benefits of life insurance policies.
  6. Who is a non-mercantile agent? Give examples.
  7. What is earnest money?
  8. State the rules regarding sale by auction.
  9. Who is a dealer under CST act?
  10. Give the meaning of penultimate sale.

 

SECTION – B

 Answer any FIVE questions.                                                                    (5×8=40)

 

  1. When is consideration or object unlawful?
  2. List the rights of a common carrier.
  3. How is an agency terminated?
  4. Explain the doctrine of caveat emptor and state the exceptions.
  5. Discuss the implied condition in a contract of sale of goods.
  6. Distinguish between interstate sales and intrastate sales.
  7. Write a note on registration procedure for dealers under CST act.
  8. Describe five popular life insurance policies.

 

SECTION – C

 Answer any TWO questions.                                                                    (2×20=40)

 

  1. “All agreements are not contracts but all contracts are agreements.” Discuss the statement explaining the essential elements of a valid contract.
  2. Enumerate the agreements that are contrary to the public policy.
  3. When is a seller deemed to be an unpaid seller? What are his rights?

 

 

 

 

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