St. Joseph’s College of Commerce

St. Joseph’s College of Commerce 2016 II Sem Business Statistics And Research Techniques Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(Regular) – II SEMESTER
C1 15Ar204: BUSINESS STATISTICS AND RESEARCH TECHNIQUES
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Define statistics.
  2. If mean = 3.95 and Z = 4.01 then Md=??
  3. Calculate the mean and median for the following data

70, 65, 55, 75, 80, 85, 65, 70, 95
  4. How do you find the combined Arithmetic Mean of two series of data?
  5. Find the range of weight of 10 students from the following

65, 19, 86, 15, 17, 18, 8, 4, 9, 7.
  6. What is Time series?  Mention the different methods of Time Series.
  7. What is Null & Alternative hypothesis?
  8. Give the meaning of Research.
  9. Distinguish between regression and correlation.
  10. A problem in statistics is given to five students A, B, C, D and E. Their chances of solving it are 1/2; 1/3; 1/4; 1/5 and 1/6. What is the probability that the problem will be solved?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Define tabulation. What are the different parts of it?
  12. Briefly discuss the characteristics of statistics.
  13. A box contains 7 white and 2 black marbles , find the probability of drawing

a)      A white marble b) A black marble c) white or a black marble.
  14. Co-efficient of variations of two series are 80% and 100 % respectively. Their variances are 64 and 36 respectively. What are their arithmetic mean?
  15. From the following data, calculate Rank correlation co-efficient :

X  80  30  60  40  20  66  96  70

Y  30  24  28  68  55  43  38  40
  16. Draw a frequency polygon for the following data.

Weight (in kg)         Number of Students

30-35                                 4

35-40                                 7

40-45                               10

45-50                               18

50-55                               14

55-60                                 8

60-65                                 3

 
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. a) From the following frequency distribution table calculate mean, median & mode.

Class Interval Frequency
0-20 17
20-40 28
40-60 32
60-80 24
80-100 19
        Total 120

b)     The following table gives data regarding leading sources of technology transfer (in percentage):

Countries Percentage
UK 4
Denmark 10
Canada 5
US 14
Spain 6
Japan 10
Germany 17
Other Developed Countries 19
Developing Countries        15

Represent the data by a suitable Pie Diagram.                                      (10+5)   

  18. You are given below the daily wages paid to the workers in two factories X and Y:

 

Daily Wages (Rs.)

 Number of Workers
Factory X Factory Y
120-130 15 25
130-140 30 40
140-150 44 60
150-160 60 35
160-170 30 12
170-180 14 15
180-190 7 5

Calculate Mean, Standard Deviation and Coefficient of Variation  answer the following:

(i) Which factory pays higher average wage?

(ii) Which factory has more consistent wage structure?

 
  19. A movie producer is bringing out a new movie. In order to map out his advertising campaign, he wants to determine whether the movie will appeal most to particular age group or whether it will appeal equally to all age groups. The producer takes a random sample from persons attending preview of the new movie and obtains the following results:

 

 

Particulars

 Age Groups  

Total
Under 20 20-39 40-39 60 & over
Liked the Movie 146 78 48 28 300
Disliked the Movie 54 22 42 22 140
Indifferent 20 10 10 20 60
Total 220 110 100 70 500

Apply chi-square test at 5% level of significance. What inference will you draw from the above data taking the hypothesis that movie appeals equally to all age groups?                                                                
  20. Below are given the figures of production (in thousand

quintals) of a sugar factory:

Year :                 2009    2010    2011    2012    2013    2014    2015

Production :        80        90        92       83         94        99       92

(a) Fit a straight line trend to these figures.

(b) Plot these figures on a graph and show the trend line.

(c) Estimate the production in 2016.
  21. a) A husband and wife appear in an interview for two vacancies in the same post. The probability of husband’s selection is 1/7 and that of wife’s selection is 1/5. What is the probability that:

(i) Both of them will be selected.

(ii)Only one of them will be selected, and

(iii) None of them will be selected.

b)   You are given below the following information about advertising and sales:

Particulars Advertisement Expenditure (in crore) Sales (Rs. crore)
Mean 20 100
S.D. 5 12
Correlation coefficient 0.8

(a) Calculate the two regression lines.

(b) Find the likely sales when advertisement expenditure is Rs. 25 crore.

(5+10)
SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. a) Calculate Karl Pearson’s coefficient of correlation between expenditure on

advertising (X) and sales (Y) from the data given below:

X: 39 65 62 90 82 75 25 98 36 78

Y: 47 53 58 86 62 68 60 91 51 84

 

b) Compute 1st quartile, 3rd quartile and the co-efficient of quartile deviation from the following data.

Class             0-100        100-200       200-300      300-400      400-500

Frequency      14               25                  38               26                17

(8+7)

 

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St. Joseph’s College of Commerce 2016 II Sem Business Economics -Ii Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM (Regular) – II SEMESTER
C115AR203 : BUSINESS ECONOMICS -II
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. State the difference between Tied aid and untied aid.
  2. What do you mean by administered price?
  3. State the features of monopoly.
  4. Mention the tools of Fiscal policy.
  5. What are selling cost?
  6. Mention any two objectives of pricing policy.
  7. Describe main features of oligopoly.
  8. Distinguish between balance of trade and balance of payments.
  9. Mention any two advantages and disadvantages of Foreign Direct Investment.
  10. Comment on penetration price policy.
 

SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What is meant by monopolistic competition market? Describe its characteristics?
  12. Explain the general considerations involved in pricing policy.
  13. Distinguish between Devaluation & Exchange Depreciation.
  14. Define inflation.  Briefly explain any four different types of inflation.
  15. Discuss the various factors involved in determining the amount of Foreign aid for Economic development.
  16. Indicate various items in the balance of payments of a country.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. Analyse carefully the conditions of equilibrium of an individual firm under perfect competition both in the short run and the long run periods. Illustrate your answer with diagrams.
  18. Briefly explain the characteristics of different phases of business cycles.
  19. Explain the main instruments of monetary policy for promoting economic development with stability?
  20. Explain price and output of a discriminatory monopolist, with the help of  suitable figures.

 

 

 

 

 
  21. Write short notes:

a.      Three method of pricing.

b.      Private Foreign Investment

c.       Multinational Corporation

 
SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. As per the official figures, Zimbabwe’s inflation has recently hit an annual rate of almost 1, 65,000% in February 2015, Continuous shortage of food and fuel pushed up the inflation from January’s rate of 100000%.

 

About 80% of the country’s population lives in poverty and it is estimated that three million people have left the country for a new life in other countries of South Africa.

 

The economy has been in trouble for several years, with supplies of basic foodstuff, cooking oil and petrol running low. The central bank introduced new banknotes to cope with the spiraling prices and issued 10 million Zimbabwe dollar notes.

 

Questions:

 

a. What type of inflation is referred to this article?

b. Identify the adverse effects of inflation on the economy of the country?

c. Discuss the ways through which the government could control inflation in Zimbabwe?

(2+5+8)

 

 

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St. Joseph’s College of Commerce 2016 II Sem Business Law Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESER EXAMINATION – MARCH/APRIL 2016
B.COM(General) – II SEMESTER
CI 15 MC 202: BUSINESS LAW
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the maxim ‘Ignorantia juris non excusat’.
  2. What are exemplary damages?
  3. Differentiate between a ‘condition’ and ‘warranty’.
  4. State any two exceptions to the rule “No consideration No contract”.
  5. Mention any two inventions which are not patentable.
  6 What do you understand by the term ‘Digital Signature’.
  7. Define ‘restrictive trade practice’.
  8. What is a Quasi-Contract?
  9. Differentiate between a void and voidable contract.
  10. Define Consumer as per Consumer Protection Act.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Explain the circumstances in which consent is not said to be free.
  12. Explain the different types of Cyber Crimes.
  13. What is meant by Opposition of grant of patent and what are the various grounds

on which it can be opposed?

What is meant by Opposition of grant of patent and what are the various grounds

on which it can be opposed?

Examine the features of FEMA.
  14. What are the different types of goods, according to Sale of Goods Act, 1935?
  15. Explain the rights of an unpaid seller, as per Sale of Goods Act, 1935.
  16. When does offer come to an end?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Define ‘Acceptance’. What are the legal rules regarding acceptance?
  18. What is the jurisdiction of the National Commission? What procedure does it follow to settle a complaint?
  19. Explain in detail the various implied conditions & warranties in the Contract of sale.
  20. What are the remedies available to an aggrieved party on the breach of contract?
  21. Examine the procedure for obtaining a patent?
SECTION – D
IV) Case Study – Compulsory question.                                                           (15 marks)                                                                                          
  22. a. A shipbuilder contracted to build and supply a ship of specified dimensions according to a model to be approved by the buyers, it being a term of the contract that the ship was to carry a certain dead weight on a certain draught. The model was approved and it was subsequently found to be a mathematical impossibility to produce a ship that would fulfill the terms of the contract. Can the shipbuilder plead impossibility of performance in suit against him by the buyer?

 

b. A offers to sell a house in Mumbai to B for Rs 50,000. The offer is communicated to B in Delhi by an express letter.  The letter is delayed in the censor office. Before A’s letter reaches B, B receives a telegram from A revoking his offer. Is there a contract between A and B?

 

c. A promises to make a gift of Rs 3,000 towards the repairs of a temple. The trustee of the temple, on the faith of the promise, incurs liabilities. A does not pay. Can the trustee recover the promised amount from A?

 

(5+5+5)

 

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St. Joseph’s College of Commerce 2016 II Sem Additional English Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
    END SEMESTER EXAMINATION – MARCH/APRIL 2016
    B.COM – II SEMESTER
    C1 15 2 AE: ADDITIONAL ENGLISH

Duration: 3 hours                                                                                          Max Marks: 100

SECTION –A

  1. Read the short story and answer the following questions.                       (3×10=30)

The postmaster first took up his duties in the village of Ulapur. Though the village was a small one, there was an indigo factory near by, and the proprietor, an Englishman, had managed to get a post office established. Our postmaster belonged to Calcutta. He felt like a fish out of water in this remote village. His office and living-room were in a dark thatched shed, not far from a green, slimy pond, surrounded on all sides by a dense growth. The men employed in the indigo factory had no leisure; moreover, they were hardly desirable companions for decent folk. Nor is a Calcutta boy an adept in the art of associating with others. Among strangers he appears either proud or ill at ease. At any rate, the postmaster had but little company; nor had he much to do. At times he tried his hand at writing a verse or two. That the movement of the leaves and the clouds of the sky were enough to fill life with joy—such were the sentiments to which he sought to give expression. But God knows that the poor fellow would have felt it as the gift of a new life, if some genie of the Arabian Nights had in one night swept away the trees, leaves and all, and replaced them with a macadamized road, hiding the clouds from view with rows of tall houses. The postmaster’s salary was small. He had to cook his own meals, which he used to share with Ratan, an orphan girl of the village, who did odd jobs for him. When in the evening the smoke began to curl up from the village cowsheds, and the cicalas chirped in every bush; when the mendicants of the Baül sect sang their shrill songs in their daily meeting-place, when any poet, who had attempted to watch the movement of the leaves in the dense bamboo thickets, would have felt a ghostly shiver run down his back, the postmaster would light his little lamp, and call out “Ratan.” Ratan would sit outside waiting for this call, and, instead of coming in at once, would reply, “Did you call me, sir?” “What are you doing?” the postmaster would ask. “I must be going to light the kitchen fire,” would be the answer. And the postmaster would say: “Oh, let the kitchen fire be for awhile; light me my pipe first.” At last Ratan would enter, with puffed-out cheeks, vigorously blowing into a flame a live coal to light the tobacco. This would give the postmaster an opportunity of conversing. “Well, Ratan,” perhaps he would begin, “do you remember anything of your mother?” That was a fertile subject. Ratan partly remembered, and partly didn’t. Her father had been fonder of her than her mother; him she recollected more vividly. He used to come home in the evening after his work, and one or two evenings stood out more clearly than others, like pictures in her memory. Ratan would sit on the floor near the postmaster’s feet, as memories crowded in upon her. She called to mind a little brother that she had—and how on some bygone cloudy day she had played at fishing with him on the edge of the pond, with a twig for a make-believe fishing-rod. Such little incidents would drive out greater events from her mind. Thus, as they talked, it would often get very late, and the postmaster would feel too lazy to do any cooking at all. Ratan would then hastily light the fire, and toast some unleavened bread, which, with the cold remnants of the morning meal, was enough for their supper. On some evenings, seated at his desk in the corner of the big empty shed, the postmaster too would call up memories of his own home, of his mother and his sister, of those for whom in his exile his heart was sad,—memories which were always haunting him, but which he could not talk about with the men of the factory, though he found himself naturally recalling them aloud in the presence of the simple little girl. And so it came about that the girl would allude to his people as mother, brother, and sister, as if she had known them all her life. In fact, she had a complete picture of each one of them painted in her little heart. One noon, during a break in the rains, there was a cool soft breeze blowing; the smell of the damp grass and leaves in the hot sun felt like the warm breathing of the tired earth on one’s body. A persistent bird went on all the afternoon repeating the burden of its one complaint in Nature’s audience chamber. The postmaster had nothing to do. The shimmer of the freshly washed leaves, and the banked up remnants of the retreating rain-clouds were sights to see; and the postmaster was watching them and thinking to himself: “Oh, if only some kindred soul were near—just one loving human being whom I could hold near my heart!” This was exactly, he went on to think, what that bird was trying to say, and it was the same feeling which the murmuring leaves were striving to express. But no one knows, or would believe, that such an idea might also take possession of an ill-paid village postmaster in the deep, silent mid-day interval of his work. The postmaster sighed, and called out “Ratan.” Ratan was then sprawling beneath the guava tree, busily engaged in eating unripe guavas. At the voice of her master, she ran up breathlessly, saying: “Were you calling me, Dada?” “I was thinking,” said the postmaster, “of teaching you to read.” And then for the rest of the afternoon he taught her the alphabet. Thus, in a very short time, Ratan had got as far as the double consonants. It seemed as though the showers of the season would never end. Canals, ditches, and hollows were all overflowing with water. Day and night the patter of rain was heard, and the croaking of frogs. The village roads became impassable, and marketing had to be done in punts. One heavily clouded morning, the postmaster’s little pupil had been long waiting outside the door for her call, but, not hearing it as usual, she took up her dog-eared book, and slowly entered the room. She found her master stretched out on his bed, and, thinking that he was resting, she was about to retire on tip-toe, when she suddenly heard her name—”Ratan!” She turned at once and asked: “Were you sleeping, Dada?” The postmaster in a plaintive voice said: “I am not well. Feel my head; is it very hot?” In the loneliness of his exile, and in the gloom of the rains, his ailing body needed a little tender nursing. He longed to remember the touch on the forehead of soft hands with tinkling bracelets, to imagine the presence of loving womanhood, the nearness of mother and sister. And the exile was not disappointed. Ratan ceased to be a little girl. She at once stepped into the post of mother, called in the village doctor, gave the patient his pills at the proper intervals, sat up all night by his pillow, cooked his gruel for him, and every now and then asked: “Are you feeling a little better, Dada?” It was some time before the postmaster, with weakened body, was able to leave his sick-bed. “No more of this,” said he with decision. “I must get a transfer.” He at once wrote off to Calcutta an application for a transfer, on the ground of the unhealthiness of the place. Relieved from her duties as nurse, Ratan again took up her old place outside the door. But she no longer heard the same old call. She would sometimes peep inside furtively to find the postmaster sitting on his chair, or stretched on his bed, and staring absent-mindedly into the air. While Ratan was awaiting her call, the postmaster was awaiting a reply to his application. The girl read her old lessons over and over again,—her great fear was lest, when the call came, she might be found wanting in the double consonants. At last, after a week, the call did come one evening. With an overflowing heart Ratan rushed into the room with her—”Were you calling me, Dada?” The postmaster said: “I am going away to-morrow, Ratan.” “Where are you going, Dada?” “I am going home.” “When will you come back?” “I am not coming back.” Ratan asked no other question. The postmaster, of his own accord, went on to tell her that his application for a transfer had been rejected, so he had resigned his post and was going home. For a long time neither of them spoke another word. The lamp went on dimly burning, and from a leak in one corner of the thatch water dripped steadily into an earthen vessel on the floor beneath it. After a while Ratan rose, and went off to the kitchen to prepare the meal; but she was not so quick about it as on other days. Many new things to think of had entered her little brain. When the postmaster had finished his supper, the girl suddenly asked him: “Dada, will you take me to your home?” The postmaster laughed. “What an idea!” said he; but he did not think it necessary to explain to the girl wherein lay the absurdity. That whole night, in her waking and in her dreams, the postmaster’s laughing reply haunted her—”What an idea!” On getting up in the morning, the postmaster found his bath ready. He had stuck to his Calcutta habit of bathing in water drawn and kept in pitchers, instead of taking a plunge in the river as was the custom of the village. For some reason or other, the girl could not ask him about the time of his departure, so she had fetched the water from the river long before sunrise that it should be ready as early as he might want it. After the bath came a call for Ratan. She entered noiselessly, and looked silently into her master’s face for orders. The master said: “You need not be anxious about my going away, Ratan; I shall tell my successor to look after you.” These words were kindly meant, no doubt: but inscrutable are the ways of a woman’s heart! Ratan had borne many a scolding from her master without complaint, but these kind words she could not bear. She burst out weeping, and said: “No, no, you need not tell anybody anything at all about me; I don’t want to stay on here.” The postmaster was dumbfounded. He had never seen Ratan like this before. The new incumbent duly arrived, and the postmaster, having given over charge, prepared to depart. Just before starting he called Ratan and said: “Here is something for you; I hope it will keep you for some little time.” He brought out from his pocket the whole of his month’s salary, retaining only a trifle for his travelling expenses. Then Ratan fell at his feet and cried: “Oh, Dada, I pray you, don’t give me anything, don’t in any way trouble about me,” and then she ran away out of sight. The postmaster heaved a sigh, took up his carpet bag, put his umbrella over his shoulder, and, accompanied by a man carrying his many-colored tin trunk, he slowly made for the boat. When he got in and the boat was under way, and the rain-swollen river, like a stream of tears welling up from the earth, swirled and sobbed at her bows, then he felt a pain at heart; the grief stricken face of a village girl seemed to represent for him the great unspoken pervading grief of Mother Earth herself. At one time he had an impulse to go back, and bring away along with him that lonesome waif, forsaken of the world. But the wind had just filled the sails, the boat had got well into the middle of the turbulent current, and already the village was left behind, and its outlying burning-ground came in sight. So the traveler, borne on the breast of the swift-flowing river, consoled himself with philosophical reflections on the numberless meetings and partings going on in the world—on death, the great parting, from which none returns. But Ratan had no philosophy. She was wandering about the post office in a flood of tears. It may be that she had still a lurking hope in some corner of her heart that her Dada would return, and that is why she could not tear herself away. Alas for our foolish human nature! Its fond mistakes are persistent. The dictates of reason take a long time to assert their own sway. The surest proofs meanwhile are disbelieved. False hope is clung to with all one’s might and main, till a day comes when it has sucked the heart dry and it forcibly breaks through its bonds and departs. After that comes the misery of awakening, and then once again the longing to get back into the maze of the same mistakes.

  1. Discuss the theme of ‘expectations and fulfillment’ in the story ‘The Postmaster’.
  2. What does the postmaster’s reaction towards Ratan say about the difference between rural and urban in this story?
  3. Comment on the nature of relationships that the present generation is entering into.

Section – B

  1. Answer ALL the following questions in about four paragraphs each.   (4×15=60)

4. Based on Akaky’s experience in “The Overcoat”, what do you think it was like to be a low-ranking official in his time period? Do you think much has changed for low-ranking people now? Relate the concepts of corruption, futility, and madness to the short story “The Overcoat.”

5. We all know that honesty is the best policy. How important it is to be truthful?  Sometimes the truth hurts people’s feelings. In the short story “Like the Sun’, a school teacher is determined to be honest, even if it puts a strain on his relationships. Do you agree with his decision? Narrate your experience of being truthful.

6. Comment on the character of Ottakkannan Pokker, Zainaba and Mandan Muthapa in the short story The Card-Sharper’s Daughter.

7. How does casteism work in the story “The Classmate”? Compare ‘Telephone Conversation’ and ‘The Classmate’ to bring out the similarities or differences between caste system and racism.

Section – C

III. Interpret the Vachanas below.                                                                    (5+5=10marks)

  1. (a)

A wilderness grew

in the sky.

In that wilderness

a hunter.

In the hunter’s hands

A deer.

The hunter will not die

till the beast

is killed.

Awareness is not easy,

Is it,

O Lord of Caves?

-Allama Prabhu

 

 

 

  1. (b)

The rich
will make temples for Siva.
What shall I ,
a poor man,
do?

My legs are pillars,
the body the shrine,
the head a cupola
of gold.

Listen, O lord of  the meeting rivers,
things standing shall fall,
but the moving ever shall stay.

                                                -Basavanna

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St. Joseph’s College of Commerce 2016 II Sem Taxation – II Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(Int. Fin & A/c) – II Semester
C4 15AR203 : TAXATION – II
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Difference between fee and duty.
  2. R  a dealer  purchased goods from dealer S of Bangalore for Rs. 13,50,000 including VAT @14.5%(0.5% for Swatch Bharat). R earns a profit @25% on the cost and sold the same to a retailer T. Calculate the amount of VAT payable by R.
  3. Define the term manufacture as per Excise Act.
  4.  How do you find tariff value for jewellery and branded readymade garments?
  5.  Write a note  on countervailing duty.
  6. What is Service tax?
  7. Write two differences between   tax evasion and tax avoidance.
  8. Indian Citizen gone abroad for employment and comes back to India. Advise him which date to   come in the previous year and after holidays which date to go abroad after the annual holiday. Keep in mind he wants to stay maximum in India in the previous year.
  9.  Write a note on Anti dumping duty.
  10.  What is Demurrage?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                       (4×5=20)
  11.  Suppose M. Sugar factory supplies molasses to N. Energy factory who uses 70% of such molasses for manufacturing of excisable goods and 30% for the manufacture of non-excisable goods. The value of molasses and the rate are: Rs.1,80,000 and 8% (On the date of production); Rs. 2,00,000 and 10% (On the date of removal); Rs. 2,10,000 and 12% ( on the date of receipt in the factory of N.Energy Ltd.

a)      Calculate the duty payable. Who has to pay the duty? Why?

b)     If it is not sugar factory how do you calculate duty payable under Excise Duty.
  12.  Explain the test of marketability with respect to excise duty.
  13. Explain VAT credit and CENVAT credit with an example each.
  14. Write  a brief note on  Indian Customs Water.
  15.   R  Ltd. The manufacturer, has imported machinery from Germany worth $80,000. Determine the rate of exchange for the purpose of computation of Customs duty from the additional information:

 

 

 

  Date Exchange rate of notified CBEC Exchange rate as notified by RBI
Date of entry inward 15-6-2015 Rs.64 per US dollar Rs.65 per US dollar
Date of Bill of Entry 19-06-2015 Rs. 64.50 per US dollar Rs. 66 per US dollar
  16. Write a brief note on  Taxable event of Imports.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Explain import procedure
  18. How do you do tax planning under the following heads:

a)      Salary payable to employees

b)     Newly setup business in certain regions of India

c)      Mention services that do not fall under service tax.

 
  19. Explain in brief: VAT, Excise, Customs, CST  and tax planning.

 
  20. R is a manufacturer at Delhi and has purchased raw material A from X, a manufacturer at Delhi for Rs. 8,00,000 who charged Excise duty @12.5% and VAT at 4%.

He also purchased another raw material B from Y of Mumbai for Rs. 4,00,000 who charged excise duty @12.5% and CST @ 2%.

The manufacturing and other expenses incurred by R were Rs. 4,00,000 and profit included were Rs. 80,000.

The final product was sold to S, a trader in Delhi. Excise duty charged was 12.5% and VAT charged was 12.5%. S after incurring expenditure of Rs. 60,000 and adding profit @25% on cost  sold the goods to T.

Compute the excise duty payable by R and VAT payable by R and S. (Exclude educational cess.)

 
  21. Classic exporters Ltd. Runs a New industrial undertaking  set up in 2007-08 which satisfies the conditions of Section 80IB. Given below is the profit and loss account for the previous year.

Particulars Rs. Particulars Rs.
Stock

Purchases

Salaries And Wages

Entertainment Expenses

Freights And Insurance

Attributes To Exports

Travelling

Depreciation

Selling Expenses

Income Tax Paid

Income Tax Penalty

Customs Duty Payable Against Demand Notice

Provision For Unascertained Liabilities

Provision For Ascertained Liabilities

Proposed Dividend

Loss Of Subsidiary Company

Net Profit

 

 4,00,000

23,00,000

9,70,000

 

1,30,000

 

 

3,00,000

2,20,000

1,50,000

1,20,000

90,000

20,000

 

 

30,000

 

 

20,000

 

50,000

3,00,000

 

50,000

32,40,000

 

 Domestic sales

Export Sales

Export Incentives Sec. 28(Iiia/Iiic)

Profit Of Foreign Branch Brokerage/Commission/

Interest/Rent

Transfer From Contingency Reserve

Stock

 24,00,000

43,00,000

 

50,000

2,50,000

 

50,000

 

10,00,000

3,50,000
  84,00,000   84,00,000

You are further informed:

i)                   Excise duty for 2013-2014, amounting Rs.1, 20,000 was paid on 15th December 2014.

ii)                 Depreciation under section 32 is 2,20,000

iii)              During the year 2010-2011, contingency reserve amounting Rs. 10,00,000, debited to profit and loss A/c, was added back to the extent of Rs.4,00,000 in the computation of book profits. The company has transferred the said reserve to the profit and loss during the year.

iv)               Brought forward business loss/depreciation:

Previous year Accounting purpose Tax purpose
2010-2011

2011-2012

 (10,00,000)

(2,00,000

 (1,00,000)

(3,00,000)

 (5,00,000)

(1,00,000)

 2,50,000

2,00,000

Compute the following: a) Total income   b) Book profit  c) Tax liability.
SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. Answer the following

a)      Steps on clearance of goods in case of Import

b)     R imported  goods from Iran. The assessable value of the imported goods is Rs. 34,00,000. Compute the customs duty payable from the following additional information:

i)                   Date of entry inward 10.4.2015 (rate of basic duty 8%)

ii)                 Date of Bill of entry 14.4.2015(rate of basic Customs duty is 10%)

iii)              Countervailing duty @ 12%

iv)               Special duty @4% maximum rate applicable.

 

                                         &&&&&&&&&&&&&&&&&&&&&&&&

 

 

 

St. Joseph’s College of Commerce 2016 II Sem Cost Accounting Ii Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2016

B.COM(Int. Fin & A/c)– II SEMESTER
C4 15 MC 201 : COST ACCOUNTING II
Duration: 3 Hours                                                                                    Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                (10×2=20)
  1. What is marginal costing?
  2. From the following particulars, find out the new selling price per unit if B.E.P. is to be brought down to 9,000 units:

Variable cost per unit Rs. 125; Fixed expenses Rs. 2,70,000 and Selling price per unit Rs. 150.
  3. Mention the different types of budgets prepared based on functionality.
  4. What are the stages or phases in Product Life Cycle Costing?
  5. The following information is given:

Standard fixed overhead rate (per hour) Rs. 5; Budgeted hours 12,500; Standard number of working days is 25; Actual hours 11,500; Actual number of working days is 22. Calculate Calendar Variance.
  6. Write a note on Target Costing.
  7. Explain the Theory of Constraints.
  8. Give the meaning of Sunk Cost with an example.
  9. Briefly discuss the aim of Environmental Management Accounting.
  10. What are the three E’s of performance analysis in the not-for-profit organizations? Give examples.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                               (4×5=20)
  11. Pear manufactures laptop computers and smart phones. The company has prepared the following forecast for the following financial period:

Particulars Laptops Smart Phones
Budget Sales 1,200 600
  $ $
Unit Selling Price 1,000 500
Unit Variable Cost 700 400
Unit Contribution 300 100

Budget fixed costs are $245,000 for the period.

Required:

(a) The break-even revenue, using total contribution to sales ratio.

(b) The sales revenue required to make a target profit of $ 245,000.

                                                                                                                 (2.5 + 2.5)
  12. XY Ltd. manufactures auto parts. The following costs are incurred for processing 1,00,000 units of a component:

Direct material cost Rs. 5 Lakhs
Direct labour cost Rs. 8 Lakhs
Variable factory overhead Rs. 6 Lakhs
Fixed factory overhead Rs. 5 Lakhs

The purchase price of the component is Rs. 22. The fixed overhead would continue to be incurred even when the component is bought from outside although there would be reduction to the extent of Rs. 2,00,000.

Required:

Should the part be made or bought, considering that the present facility when released following a buying decision would remain idle?

 
  13. From the following, calculate labour variances for Department A also verify the same.

Particulars Department A
Actual direct wages Rs. 2,000
Standard hours produced 8,000
Standard rate per hour 30 paisa
Actual hours worked 8,200
  14. Following are the estimated sales of a company for eight months ending 30.11.2015:

Months Estimated Sales (Units)
April 12,000
May 13,000
June 9,000
July 8,000
August 10,000
September 12,000
October 14,000
November 12,000

As a matter of policy, the company maintains the closing balance of finished goods and raw-materials as follows:

Stock Item Closing Balance of a month
Finished goods 50% of the estimated sales for the next month
Raw materials Estimated consumption for the next month

Opening Balance is 50% of current month’s sales. Every unit of production requires 2 Kgs. of raw material costing Rs. 5 per kg.

Prepare Production Budget (in units).

 
  15. “Relevant means pertinent to the decision at hand. Since business decisions involve planning for future and require consideration of several alternative choices, decisions are based on the relevant approach.”—In this regard briefly discuss the various relevant costs considered for decision-making.

 
  16. A factory produces two products A and B. Both products pass through three processes: Process 1, Process 2 and Process 3. Process 2 has been identified as the bottleneck. There are 10 hours of Process 2 time available per day. Information relating to the two products is as follows:

 

 

 

Particulars A ($) B ($)
Selling price per unit 100 80
Direct materials per unit 70 60
Direct labour per unit 5 10
Total contribution per unit 25 10
Maximum demand per day 8 14
Time on Process 2 per unit (hours) 1 0.5

The fixed costs per day of the factory are as follows:

Labour costs $ 120
Variable overheads $ 180
Fixed overheads $ 50
Total fixed costs per day $ 350

Determine the daily production plan that would maximize throughput contribution.

 
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                       (3×15=45)                                                                                                
  17. X ltd. has a production capacity of 2,00,000 units per year. Normal capacity utilization is reckoned as 90%. Standard variable production costs are Rs. 100 per unit. The fixed costs are Rs. 3,60,000 per year. Variable selling costs are Rs. 3 per unit and fixed selling costs are Rs. 2,70,000 per year. The unit selling price is Rs. 20. In the year just ended on 31st March, 2016, the production was Rs. 1,60,000 units and sales were 1,50,000 units. The closing inventory on 31st March, 2016 was 20,000 units. The actual variable production costs for the year were Rs. 35,000 higher than the standard.

(i) Calculate the profit for the year by:

(a) The absorption costing method, and

(b) The marginal costing method.

 

(ii) Explain the difference in the profits.

(13+2)

 
  18. (a) The standard material cost to produce one tonne of Chemical X is :

300 Kgs. of Material A @ Rs. 10 per Kg.
400 Kgs. of Material B @ Rs. 5 per Kg.
500 Kgs. of Material C @ Rs. 6 per Kg.

During a period, 100 tonnes of Chemical X were produced from the usage of :

35 tonnes of Material A at a cost of Rs. 9000 per tonne.
42 tonnes of Material B at a cost of Rs. 6000 per tonne.
53 tonnes of Material C at a cost of Rs. 7000 per tonne.

Calculate Material Variances (MCV, MPV, MUV, MYV, MMV)

 

 

 
  19. Z Ltd. has prepared the budget for the production of 1,00,000 units from a costing period as under:

Particulars Per unit (Rs.)
Raw materials 10.08
Direct labour 3.00
Direct expenses 0.40
Works overhead (60% fixed) 10.00
Administration overhead (80% fixed) 1.60
Sales overhead (50% fixed) 0.80

Actual production in the period was only 60,000 units. Prepare budgets for the original and revised levels of output.

 
  20. The following information relates to XYZ Ltd.:

Month Wages Incurred Materials Purchased Overhead Sales
February 6,000 20,000 10,000 30,000
March 8,000 30,000 12,000 40,000
April 10,000 25,000 16,000 60,000
May 9,000 35,000 14,000 50,000
June 12,000 30,000 18,000 70,000
July 10,000 25,000 16,000 60,000
August 9,000 25,000 14,000 50,000
September 9,000 30,000 14,000 50,000

You are required to prepare a cash budget for the three months of June, July and August after taking note of the following information:

a) It is expected that cash balance on 31st May will be Rs. 22,000.

b) The wages may be assumed to be paid within the month they are incurred.

c) It is the company’s policy to pay creditors for materials three months after receipt.

d) Debtors are expected to pay two months after delivery.

e) Included in the overhead figure is Rs. 2,000 per month which represents depreciation on two cars and one delivery van.

f) There is one month delay in paying the overhead expenses.

g) 10% of the monthly sales are for cash and 90% are sold on credit.

h) A commission of 5% is paid to agents on all the sales on credit but, this is not paid until the month following the sales to which it relates; this expense is not included in the overhead figure shown.

i) It is intended to repay a loan of Rs. 25,000 on 30th June.

j) Delivery is expected in July of a new machine costing Rs. 45,000 of which Rs. 15,000 will be paid on delivery and Rs. 15,000 in each of the following months.

k) Assume that overdraft facilities are available, if required.

 

 

 

 

 
  21. The following are product Intex Saft’s data for next year budget:

Activity Cost Driver Cost Driver Volume /Year Cost Pool (in Rs.)
Purchasing Purchase Orders 1,500 75,000
Setting Batches Produced 2,800 1,12,000
Materials Handling Materials Movements 8,000 96,000
Inspection Batches Produced 2,800 70,000
Machining Costs Machine Hours 50,000 1,50,000

 

Purchase Orders 25
Output 15,000 units
Production Batch Size 100 units
Materials Movements per batch 6
Machine Hours per unit 0.1

Required:

a) Calculate the Budgeted Overhead Costs using Activity Based Costing principles.

b) Calculate the Budgeted Overhead Costs using Absorption Costing (Absorb Overhead using Machine Hours).

(8+7)
SECTION – D
IV) Case Study – Compulsory question.                                                              (1×15=15)                                                                                          
  22. An Agro-products producer company is planning its production for next year. The following information is relating to the current year:

Products/Crops A1 A2 B1 B2
Area occupied (acres) 250 200 300 250
Yield per acre (ton) 50 40 45 60
Selling Price per ton (Rs.) 200 250 300 270
Variable Cost per acre (Rs.):        
–          Seeds 300 250 450 400
–          Pesticides 150 200 300 250
–          Fertilizers 125 75 100 125
–          Cultivations 125 75 100 125
–          Direct Wages 4,000 4,500 5,000 5,700

Fixed Overhead per annum (Rs.) 53,76,000.

The land that is being used for the products of B1 and B2 can be used for either crop, but not for A1 and A2. The land that is being used for A1 and A2 can be used for either crop, but not for B1 and B2. In order to provide adequate market service, the Company must process each year at least 2,000 tons each of A1 and A2 and 1,800 tons each of B1 and B2.

You are required to:

a) Prepare a Statement of the profit for the current year.

b) Profit for the production mix by fulfilling market commitment.

c) Assuming that the land could be cultivated to produce any of the four products and there was no market commitment, calculate profit amount of most profitable crop and break-even point of most profitable crop in terms of acres and sales value.                                                                      (5+5+5)

 

 

 

St. Joseph’s College of Commerce 2016 II Sem Business Law Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM( Int. Fin & A/c) – II SEMESTER
C4 15MC202 : BUSINESS LAW
Duration: 3 Hours                                                                                              Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Aslam invites Basheer to dinner. Basheer accepts the invitation but does not turn up at the dinner. Can Aslam sue Basheer for the loss he has suffered?
  2. What is One Person Company?
  3. What do you understand by agency by estoppel?
  4. Who is a Plaintiff?
  5. What does “Ignorantia Juris non  excusat”mean?
  6. Polly bought milk from Donald. The milk contained typhoid germs. Polly’s wife Holly took the milk and got infected, as a result of which she died. Is Polly entitled to any damages?
  7. What is meant by Cyber Terrorism?
  8. What is meant by Geographical Indication?
  9. Draw a hierarchy of civil court.
  10. A customer’s cheque was dishonoured by a bank inspite of the sufficient balance in the account. Is the bank liable under the Consumer Protection Act?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Alfy Private limited was involved in unauthorized selling of a patented invention within India. What remedies the original patentee can get under Infringement of Patents.
  12. Explain the various sources of Law.
  13. Write a short note on Limited Liability Partnership.
  14. What are the exceptional situations in which a contract is valid without consideration?
  15. Explain the doctrine “Caveat Emptor” and state the exceptions to it.
  16. What is the role of Consumer Protection Council in safeguarding the interest of consumers?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Highlight the provisions related to labour and agency law in India.
  18. State the various ways in which a contract may be said to be discharged.
  19.  Explain in detail the classification of Companies. Also briefly mention the important documents required by a company.
  20. Explain the various cyber crimes committed and the provisions related to offences and penalties.
  21. Briefly explain the implied conditions and warranties in a contract of sale.
 

SECTION – D
IV) Case Study                                                                                                              (1×15=15)                                                                                          
  22. Mr. Jha had purchased a Flat from a private builder in Noida, Uttar Pradesh at the cost of Rs. 49 lacs. Builder has promised him that all the basic and modern amenities such as CCTV Camera, Club facility, Green building, good quality of water with 3 tier security will be provided in this project. Builder gave the possession of the flat around 2 years back but did not provide basic and common facility which also includes 3 tier security having CCTV camera coverage for each floor. Consumer has taken the possession from builder on time. Mr. Jha kept complaining to the builder after possession of the flat for non installation of CCTV camera and other common and basic amenities as promised at the time of agreement, but builder keep assuring him that he will do the needful and he need not to worry. On 20th Sept 2014, consumer left his home with his flat duly locked. But on his return, he found that his flat has been burgled and theft of Rs. 85000 and Jewelry worth Rs. 1 Lac had taken place. The consumer complained that had CCTV cameras been installed, it would have been a deterrent and the theft would not have been taken place. Also CCTV would have ensured that no unwanted person would have entered the building.

 

Answer the following questions                                           (7.5 marks each)

 

a. On what grounds can Mr. Jha go to a consumer court? Also explain the rights of a consumer.

b. Which consumer disputes redressal agencies can he go, to claim damages against the private builder?

 

 

&&&&&&&&&&&&&&&&&&&&

 

 

 

 

St. Joseph’s College of Commerce 2016 II Sem Business Economics Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(Int. Fin & A/c) – II  SEMESTER
C4  15AR204 : BUSINESS ECONOMICS
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the two principles economics has developed to solve business problems.
  2. Elucidate on any two limitations to consumer sovereignty.
  3. Mention four exceptions to the law of demand.
  4. What is an indifference schedule? Give an example.
  5. State the objectives of demand forecasting.
  6. What is the law of supply? Explain with a supply curve.
  7. Explain any two fiscal policy tools.
  8. What is a monopolistic market competition.
  9. Diagrammatically explain the trade cycle.
  10. Differentiate between traditional and managerial economics.
 

SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Diagrammatically explain the properties of indifference curves.
  12. Elucidate on the phases of business cycles
  13. Given the following total cost and total revenue functions, determine the break-even point:

TC = 480 +10Q

TR= 50Q
  14. Explain producer’s equilibrium with the help of iso-quants.
  15. From the following annual sales of toys during the period of 1990 – 2000, find out the trend of sales using 4 yearly moving average.

Year Sales in lakhs.
1990 12
1991 15
1992 14
1993 16
1994 18
1995 17
1996 19
1997 20
1998 22
1999 25
2000 24
  16. With a help of a diagram and an example, explain consumer surplus.
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. “Businesses seek to increase demand for their goods and services so they can raise prices and thus boost profits. Even individuals service providers try to raise demand for their services. Demand drives economic growth. But what drives demand?” Explain the factors that determine the demand.
  18. What is Perfect Competition? Diagrammatically explain the short run and long run equilibrium under this market situation
  19. “In order to control inflation the RBI takes certain measures.”  Elucidate on the quantitative and qualitative measures taken by the RBI to reduce inflation in the economy.
  20. What are the different methods of demand forecasting?
  21. a) Yesterday, the price of envelopes was $3 a box, and Julie was willing to buy 10 boxes. Today, the price has gone up to $3.75 a box, and Julie is now willing to buy 8 boxes. Is Julie’s demand for envelopes elastic or inelastic? What is Julie’s elasticity of demand?

 

b) Measure the price elasticity of demand by Total Outlay method.

Price of the commodity ( in Rs.) Quantity demanded (in kgs)
10 5
8 8
6 12
4 18
2 32
1 50
                                                                                                                                  (5+10)

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. ECONOMIC IMPACT OF A SINGLE PROJECT

 

The ‘Coconut Lagoon’ was one of the earliest projects to be implemented in Kumarakom in the Kottayam district, undertaken by one of the oldest promoter groups in Kerala, the local Casino Group. At the time of implementation, the surrounding community was largely rural, dependant on their farms and on fishing for livelihood. The community was poor and many local farmers were on the verge of selling their farms and moving out. The project was implemented at a cost of around Rs.3.50 crore, almost entirely utilizing local resources, including materials and labour from the local community, which implied that the major component of the project cost flowed into the village as income, creating trade and employment opportunities for the people. After implementation, the 50-room Coconut Lagoon Resort directly employed around 90 people, all from the local community. The indirect benefit of the project extended much further, touching the lives of many in the local village. The Coconut Lagoon was essentially an ecotourism/rural tourism project based on active experience of nature and culture by the tourist. Community participation was an essential aspect of this experience. The tourists who stayed in the Coconut Lagoon resort were taken to visit the local spice farms. Tourists would pay the farmer around Rs.50 a day for a day’s experience and would also buy products from the farm. The farmer, who would receive at least around 20 tourists a day, would earn around Rs 1,000 which he would invest in his farm, thus upgrading productivity.

The real impact of the project can be gauged by the fact that one of the farmers gradually improved his livelihood to such an extent that he built two small cottages and today rents them to tourists as guesthouses. His ‘home-stay’ resort is called ‘Philipkutty’s Farm’. In addition to local farmers, the fishermen also benefited because their boats and services were used for cruises and boat-rides on the backwater lagoons. Employment was created for local guides and taxi operators too. Today, 10 years since the implementation of the Coconut Lagoon project, Kumarakom is one of the hottest destinations, with around two heritage hotels and three-star hotels, a combined room capacity of more than 200, in addition to four ‘home-stays’, the bed and breakfast homes of the local farmers. The whole of Kumarakom is involved either directly or indirectly in the tourism activity of the region. The economic impact is reflected in the real estate value escalation. This has shown a 50-times escalation in value over a 12-year period. In 1992, the cost of 10 acres of land was Rs. 10 lakh that increased to Rs.50 Lakh per acre in 2004.

 

Questions:

  1. Explain the economic impact the project has on the rural economy.

 

b. State what products and services were in demand as a result of the implementation of the project.  Also state the elasticity of demand for the mentioned products and services.

(5+10)

 

 

&&&&&&&&&&&&&&&&&&&&&&&&&&&&&&

 

 

 

 

 

 

 

 

 

St. Joseph’s College of Commerce 2016 II Sem Finance And Accounting For Bps Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(BPM)– II SEMESTER
 C3 15 mc201 : FINANCE AND ACCOUNTING FOR BPS
Duration: 3 Hours                                                                    Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What is Vendor Support?
  2. What is meant by Six Sigma?
  3. What is meant by Credit Management?
  4. What is CoA?
  5. What is meant by Invoice Processing?
  6. Define SCM.
  7. What is IFRS?
  8. Why and by who was SOX act, 2002 passed?
  9. What is a lock box?
  10. What is meant by netting settlement?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What is meant by Lean? State the 5 steps in Generic Approach to Lean out any process.
  12. Expand the following:

1. BCP                                  6. EDI

2. XBRL                               7. T & E

3. OCR                                 8. MRP

4. SAP                                  9. R2R

5. EFT                                  10. O2C

 
  13. The following transaction took place in Asha Ltd., in respect of purchase and issue of material X.

2nd Jan  –  Purchased 4,000 units at Rs. 4 per unit

20th Jan –  Purchased 500 units at Rs. 5 per unit

5th Feb  –  Issued 2,000 units

10th Feb – Purchased 6,000 units at Rs. 6 per unit

12th Feb – Issued 4,000 units

2nd Mar – Issued 1,000 units

5th Mar – Issued 2,000 units

15th Mar – Purchased 4,500 units at Rs. 5.50 per unit

20th Mar – Issued 3,000 units

Prepare stored ledger account under LIFO method.

 
  14. What is meant by Information Security? What are the different IS measures in BPS.
  15. Define OCR? Bring out the advantages and disadvantages of OCR.
  16. Briefly explain the transaction flows in a BPS.
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                      (3×15=45)                                                                                                 
  17. Explain in detail the provisions of SOX act, 2002.
  18. Explain the processes of P2P in BPS industry with example.
  19. Bring out the Accounting Cycle in BPS and explain the same.
  20. What is meant by Collection in BPS? Explain the various methods of Collections in BPS
  21. As an employee of a Software Company, you are asked to explain ERP tool to a company who wants to adapt this ERP tool in the company.
 

 

SECTION – D
IV) Case Study – Compulsory question.                          (1×15=15)                                                                                          
  22. a. Mr. A was appointed as the CFO of TAT outsourcing company.  His 1st assignment at work was to present the role of quality.  Mr. A seeks your help, as you are trained in this field of BPS, in clearly defining the role of quality for his company.  Give your guidance in the same and explain in detail the role of quality.                            (10 marks)

 

b. Pass journal entries for the following:

1. Payment made to Mr. A, Rs. 1,000.  He allowed a cash discount of Rs. 50

2. Cash received from Mr. X, Rs. 800 and allowed him a discount of Rs. 50

3. Mr. R supplied goods costing Rs. 1,000 to Mr. S at a invoice price of 10% above cost at a trade discount of 5%.

4. Mr. D purchased goods of the invoice value of Rs. 10,000 at 10% trade discount from Mr. S.

5. Income tax liability of Mr. A, Rs.1,000 paid in cash.                     ( 5 marks)

&&&&&&&&&&&&&&&&&&&&&

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

St. Joseph’s College of Commerce 2016 II Sem Cost Accounting Question Paper PDF Download

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  1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – MARCH/APRIL 2016

B.Com (BPM) –II Semester

C3 15MC202: COST ACCOUNTING

Duration: 3 Hours                                                                                         Max. Marks: 100

 

SECTION – A

 

  1. Answer the following questions. Each carries 2 marks.                           (10×2=20)

 

  1. Differentiate ‘Apportionment of overheads ‘with ‘Absorption of overheads’.
  2. Mention the reasons for difference between ‘Cost Accounting and ‘Financial Accounting’ profits.
  3. How do you differentiate ‘Cost’ from an ‘Expense’?
  4. Explain ‘Overhead recovery rates’.
  5. What do you understand by Fixed cost, Variable cost and Semi-Variable Costs?
  6. Give the meaning of ‘Carrying Costs’ and ‘Ordering Costs’?
  7. What do you understand by ‘Differential Piece Rate system’ of remuneration?
  8. Suggest suitable costing methods for following industries

(a) Transport company (b) Cotton  textiles (c) Hospital (d) Pharmaceuticals

  1. Explain the meaning of ‘Imputed Costs’.
  2. What is a ‘Goods Received Note’ and ‘Material Requisition Slip’?

 

SECTION –  B

 

  1. Answer any FOUR questions. Each carries 5 marks.                          (4×5=20)

 

  1. On the basis of the following information calculate the earnings of two workers Shiva and Rama  under the straight piece rate system and Taylor’s Differential piece Rate system.

Standard Production: 10 units per hour

Normal time rate      :   Rs.50 per hour

Differential Piece rate to be applied

80% of piece rate for below standard performance

120% of piece rate for performance at or above the standard

Actual performance

Shiva  produced 75 units in a day of 10 hours

Rama  produced 115 units in a day of 10 hours

 

  1. From the following particulars, prepare a statement of cost of manufacture for the year 2014 and show what percentage each individual item of cost bears to the total cost. Calculate factory on cost at 20% on prime cost and office on cost at 80% on factory cost.
  Rs.
Opening stock of raw material 1,44,000
Purchase of raw materials 8,64,000
Stock of raw materials at end 2,16,000
Wages 3,60,000

 

  1. Prime enterprises have separate cost and financial records. The profit as per financial records arrived at Rs.1,60,000. The following information is available:
  2. The firm received Rs.40,000 as dividend and paid Rs.30,000 as Bank interest during the year.
  3. A plant with a book value of Rs.80,000 was sold for Rs.40,000
  • Cash discount allowed Rs.70,000
  1. The firm made a notional rent charge of Rs.24,000 in cost Accounts in respect of its own premises.
  2. The actual factory overheads incurred amounted to Rs.5,60,000 but only Rs.5,00,000 were recovered in cost accounts on the basis of percentage of direct wages.
  3. Stock values

 

  Financial a/c ‘s Cost a/c’s
Opening stock of raw materials 44,000 48,000
Opening stock of finished goods 86,000 82,000
Closing stock of raw materials 70,000 80,000
Closing stock of finished goods 80,000 88,000

 

Prepare the statement of reconciliation and ascertain the cost accounting profit.

 

  1. Prepare stores ledger a/c showing the receipts and issues, pricing materials issued on the basis of: Simple average method

Receipts

 

1-1-2014          opening stock 800 units at              Rs.7.00 per unit

3-1-2014          purchased 1200 units at                  Rs.8.00 per unit

13-1-2014        purchased 3600 units at                  Rs.8.60 per unit

23-1-2014        purchased 2400 units at                  Rs.7.60 per unit

 

 

Issues

5-1-2014          issued                        1600 units

15-1-2014        issued                        2400 units

  • issued 2400 units

 

 

  1. A manufacturing concern has 2 production departments A and B and three service departments – time keeping, stores and maintenance. The departmental summary showed the following expenses for December
  Rs. Rs.
Production Departments

A

B

  

32,000

20,000

  

 

52,000
Service Departments    
Time Keeping 8,000  
Stores 10,000  
Maintenance 6,000 24,000
    76,000

Other Information

  A B Time keeping Stores Maintenance
No of employees 20 15 10 16 5
Stores requisition 24 20     6
Machine hours 2400 1600      

Prepare secondary distribution summary using STEP LADDER METHOD

 

 

  1. What are the essentials of a good wage system?

 

SECTION – C

  • Answer any THREE questions. Each carries 15 marks.                                     (3×15=45)

 

  1. From details furnished below you are required to compute the machine hour rate ( work is done in the factory by means of 5 similar machines)
  Rs.
Rent and rates ( proportional to the floor space occupied) for the shop 4,800
Depreciation on each machine 500
Repairs and maintenance for the five machines 1,000
Power consumed @ 5p. per unit for the shop 3,000
Electric charges for lighting in the shop 540
There are 2 attendants for the five machines and  they are paid Rs. 60 per month  
For 5 machines in the shop there is one supervisor whose emoluments are Rs.250 pm  
Sundry supplies such as lubricants for the shop 450
Hire purchase installment payable for the machine

(including Rs.300 as interest)

  

1,200

The machine uses 10 units of power per hour

 

  1. International Motors manufacture crankshafts for Jeeps and Trucks. They have furnished the following particulars for the quarter ended 31st March 2007.

Materials Rs.2,98,000; Direct wages Rs.42,000; Stores Expenses Rs.20,000; Machinery Maintenance Rs.4,600; Depreciation Rs.22,300; Staff Welfare Rs.12,000; General expenses Rs.30,000; Administration and Selling expenses Rs.27,000

Additional information provided by them

  Jeep Truck
Production (nos) 300 400
Material Cost ratio per vehicle 1 2
Direct Labour hour ratio 2 3
Machine hour ratio 1 2

Calculate the cost per crankshaft of each vehicle indicating the basis of apportionment adopted.

 

  1. The following are the details of a company, prepare the cost sheet for the year ended

31-12-2010

                         Particulars    Amount (Rs)
Direct materials    3,40,000
Direct wages    2,00,000
Works overheads    1,20,000
Profit    2,10,000
Administrative overheads    1,34,400
Selling overheads       89,600
Distributions overheads       56,000

 

 

A work order had been executed for  2011 and the following expenses have been incurred.

 

Direct Materials                    Rs.4000

Direct Wages                                    Rs.2000

 

Assuming that the rate of factory overheads has gone up by 20%, distribution overheads has gone down by 10% and selling and administrative overheads has gone up by 12.5%, at what price should the product be sold so as to earn the same rate of profit on the selling price.

 

 

  1. In a factory there are two service departments S1 and S2 and three production departments P1, P2 & P3. In July 2014, the departmental expenses were
Departments P1 P2 P3 S1 S2
Rs. 13,00,000 12,00,000 10,00,000 2,40,000 2,00,000

 

The Service departments expenses were allotted on percentage basis as follows :

Service Departments P1 P2 P3 S1 S2
S1 30 40 15 — 15
S2 40 30 25 5 —

Prepare a statement showing the distribution of the two service departments expenses to the three departments by (a) Simultaneous Equation method

(b) Repeated distribution Method.

 

 

  1. The standard time to complete a product is 12 hours at Rs.2.50 per hour.

Time wages are allowed to workers taking more than the time allowed. But workers who complete the job in standard time or less receive the piece work rate plus 10% bonus. Calculate the wages earned by A, B, C and D who complete the job in 15, 12, 10 and 8 hours respectively. What will be effective hourly rate?

If the overhead rate chargeable production is Re.0.50 per hour, what will be the cost of conversion ( labor and overheads) per piece produced by each worker.

 

SECTION – D

 

  1. Compulsory question                                    (15 marks)

 

  1. The cost structure of an article, the selling price of which is Rs.500, is as follows

Direct Material       :       50% of total cost

Direct Labour         :       30% of total cost

Overheads               :       Balance amount

Due to anticipated increase in existing material price by 20% and in the existing labour by 10% the existing profit would come down by 30%, if the selling price remains unchanged.

 

Prepare a comparative statement showing the cost, profit and sale price under the present conditions and with the increase expected for future assuming the same percentage of profit on cost as at present had to be earned. (Calculations to be made to the nearest rupee).

 

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St. Joseph’s College of Commerce 2016 II Sem Business Statistics And Research Techniques Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(BPM) – II SEMESTER
C3 15Ar204: BUSINESS STATISTICS AND RESEARCH TECHNIQUES
Duration: 3 Hours                                                                Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Define statistics.
  2. If mean = 3.95 and Z = 4.01 then Md=??
  3. Calculate the mean and median for the following data

70, 65, 55, 75, 80, 85, 65, 70, 95
  4. How do you find the combined Arithmetic Mean of two series of data?
  5. Find the range of weight of 10 students from the following

65, 19, 86, 15, 17, 18, 8, 4, 9, 7.
  6. What is Time series?  Mention the different methods of Time Series.
  7. What is Null & Alternative hypothesis?

 
  8. Give the meaning of Research.
  9. Distinguish between regression and correlation.
  10. A problem in statistics is given to five students A, B, C, D and E. Their chances of solving it are 1/2; 1/3; 1/4; 1/5 and 1/6. What is the probability that the problem will be solved?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Define tabulation. What are the different parts of it?
  12. Briefly discuss the characteristics of statistics.
  13. A box contains 7 white and 2 black marbles , find the probability of drawing

a)      A white marble b) A black marble c) white or a black marble.
  14. Co-efficient of variations of two series are 80% and 100 % respectively. Their variances are 64 and 36 respectively. What are their arithmetic mean?
  15. From the following data, calculate Rank correlation co-efficient :

X  80  30  60  40  20  66  96  70

Y  30  24  28  68  55  43  38  40
  16. Draw a frequency polygon for the following data.

Weight (in kg)         Number of Students

30-35                                 4

35-40                                 7

40-45                               10

45-50                               18

50-55                               14

55-60                                 8

60-65                                 3

 
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. a) From the following frequency distribution table calculate mean, median & mode.

Class Interval Frequency
0-20 17
20-40 28
40-60 32
60-80 24
80-100 19
        Total 120

b)     The following table gives data regarding leading sources of technology transfer (in percentage):

Countries Percentage
UK 4
Denmark 10
Canada 5
US 14
Spain 6
Japan 10
Germany 17
Other Developed Countries 19
Developing Countries        15

Represent the data by a suitable Pie Diagram.                                         (10+5); 

  18. You are given below the daily wages paid to the workers in two factories X and Y:

 

Daily Wages (Rs.)

 Number of Workers
Factory X Factory Y
120-130 15 25
130-140 30 40
140-150 44 60
150-160 60 35
160-170 30 12
170-180 14 15
180-190 7 5

Calculate Mean, Standard Deviation and Coefficient of Variation  answer the following:

(i) Which factory pays higher average wage?

 

(ii) Which factory has more consistent wage structure?

 
  19. A movie producer is bringing out a new movie. In order to map out his advertising campaign, he wants to determine whether the movie will appeal most to particular age group or whether it will appeal equally to all age groups. The producer takes a random sample from persons attending preview of the new movie and obtains the following results:

 

 

Particulars

 Age Groups  

Total
Under 20 20-39 40-39 60 & over
Liked the Movie 146 78 48 28 300
Disliked the Movie 54 22 42 22 140
Indifferent 20 10 10 20 60
Total 220 110 100 70 500

Apply chi-square test at 5% level of significance. What inference will you draw from the above data taking the hypothesis that movie appeals equally to all age groups?                                                                
  20. Below are given the figures of production (in thousand

quintals) of a sugar factory:

Year :                 2009    2010    2011    2012    2013    2014    2015

Production :        80        90        92       83         94        99       92

(a) Fit a straight line trend to these figures.

(b) Plot these figures on a graph and show the trend line.

(c) Estimate the production in 2016.
  21. a) A husband and wife appear in an interview for two vacancies in the same post. The probability of husband’s selection is 1/7 and that of wife’s selection is 1/5. What is the probability that:

(i) Both of them will be selected.

(ii)Only one of them will be selected, and

(iii) None of them will be selected.

b)   You are given below the following information about advertising and sales:

Particulars Advertisement Expenditure (in crore) Sales (Rs. crore)
Mean 20 100
S.D. 5 12
Correlation coefficient 0.8

(a) Calculate the two regression lines.

(b) Find the likely sales when advertisement expenditure is Rs. 25                                                                                                          (5+10)
 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)    

                                                                                     

  22. a) Calculate Karl Pearson’s coefficient of correlation between expenditure on

advertising (X) and sales (Y) from the data given below:

X:  39  65  62  90  82  75  25  98  36  78

Y:  47  53  58  86  62   68  60 91  51  84

 

b) Compute 1st quartile, 3rd quartile and the co-efficient of quartile deviation from the following data.

Class             0-100        100-200       200-300      300-400      400-500

Frequency      14               25                  38               26                17

(8+7)

 
     

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St. Joseph’s College of Commerce B.Com. 2016 II Sem Business And Company Law Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH/APRIL 2016
B.COM(BPM)  – II SEMESTER
C3 15AR203:: BUSINESS AND COMPANY LAW
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the term ‘Ratio Decidendi’.
  2. What is Consensus ad idem?
  3. Who is the Chief Justice of India?
  4. What are the different types of Courts in India?
  5. What is Novation?
  6. Explain ‘Doctrine of Frustration’.
  7. What is a Share Capital?
  8. Define ‘Consumer’ under COPRA.
  9. What do you mean by ‘Repatriate to India’?
  10. Mention two objectives of FEMA.
 

SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What are the agreements, which are opposed to Public Policy?
  12. Explain in brief, the Classification of Agency.
  13. Mention some of the Characteristics of a Company.
  14. What are the differences between MOA and AOA?
  15. What is the procedure involved in appointing an Auditor?
  16. Write a short note on Consumer Protection Council.
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. What are different classification/ Types of a contracts according to the Indian Contract Act?
  18. What is ‘Free Consent’? Explain all the sections which come under the Free Consent.
  19. What are different ways of Terminating an Agency?
  20. Explain in detail the different Types of Meetings
  21. What is Cyber Law? What are the elements which are included in the Cyber Laws? What is the need of Cyber Laws in today’s context?
 

 

 

 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. a. Sagar went to Rajeeev, a chemist, and demanded a hot water bottle from him. Rajeev gave a bottle to him telling that it was meant for hot water, but not boiling water. After a few days, while using this bottle, Sagar’s wife got injured as the bottle burst out. It was found that the bottle was not fit to be used as hot water bottle. Advise Sagar.

 

b. Darran offers and Amala accepts Rs. 5000/- for a stack of firewood standing on Amala’s premises, the firewood to be allowed to remain at Amala’s place till a certain date and not to be taken away till paid for. Before payment, and while the firewood is at Amala’s premises, it is accidentally destroyed by fire. Who must bear the loss?

 

c. Anil sold to Bhuvan some quantity of spirit made from molasses. One-third of the quantity sold was delivered and for rest of the quantity Bhuvan was pressing Anil for immediate delivery. But Anil delayed it. In the meantime, an act of the Parliament was passed which prohibited the distillation of spirit from molasses and annulled all the contracts for the sale of such spirit. How will you solve this case?

 

d. Ranjan having a quantity of Sugar in bulk, more than sufficient to fill 20 hogsheads, contracts to sell to Gagan 20 hogsheads of it. After the contract, Ranjan fills 20 hogsheads with the sugar, and gives notice to Gagan that hogsheads are ready and requires him to take them away. Gagan says he will take them as soon as he can. By this appropriation, has the property in the sugar passes to Gagan?

 

e. Arun, a minor hired a horse from Bhargav for riding under express instructions ‘not to jump’. He lent the horse to Arun, who killed the horse by making it to jump. Is Arun liable to pay Bhargav?

 

 

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B.COM(BPM)  – II SEMESTER
subject CODE & subject name: Business and compay law
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Explain the term ‘Ratio Decidendi’.

Ratio decidendi (Latin plural rationes decidendi) is a Latin phrase meaning “the reason” or “the rationale for the decision”. The ratio decidendi is “the point in a case that determines the judgment” or “the principle that the case establishes”.
  2. What is Consensus ad idem?

Consensus ad idem: which implies, that the parties to the agreement must have agreed about the subject-matter of the agreement in the same sense and at the same time.  Unless there is consensus ad idem, there can be no contract. It is also called as ‘meeting of the  minds.’ when two parties to an agreement (contract) both have the same understanding of the terms  of  the agreement.
  3. Who is the chief justice of India?

T.S.Thakur
  4. What are the different types of courts in India?

District Court, High Court, Supreme Court.
  5. What is Novation?

When the new contract is substituted for existing one between the same parties. Or between one of the parties and the third party.

Novation should take place before the expiry period of the time of performance of the contract.
  6. Explain ‘Doctrine of Frustration’.

It comes into play when the common object of a contract can no longer be achieved or when the contract, after it is made, becomes impossible of performance due to circumstances beyond the control or contemplation of the parties.
  7. What is a Share Capital?

ü  Denotes the amount of capital raised by the issue of shares, by the company.

ü  Collected through the issue of shares and remains with the company till its liquidation

ü  It is the owned capital of the company

ü  The shareholders are the owners of the company

 
  8. Define ‘Consumer’ under COPRA

Consumer means, any person who,

Buys any goods for a consideration, which has been paid or promised or partly paid or partly promised, or under any differed payment.

Consumer also includes any user of such goods other than the buyer himself.
  9. What do you mean by ‘Repatriate to India’?

Means, bringing into India the realized foreign exchange and the selling of such foreign exchange to an authorized person in India in exchange for rupees.
  10. Mention two objective of FEMA

To facilitate external trade and payment

To promote of an ordinary maintenance of the foreign exchange market in India.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. What are the agreements, which are opposed to Public Policy?

  1. Agreements of trading with enemy
  2. Agreement to commit a crime
  3. Agreement to interfere with administration of justice
    1. Interference with the course of Justice
    2. Stifling prosecution
    3. Maintenance and Champerty
  4. Agreements in restraint of legal proceedings
    1. Agreements restricting enforcement of rights
    2. Agreements curtailing period of limitation

5. Trafficking in public offices and titles

6. Agreements tending to create interest opposed to duty

7. Agreement restraint of parental rights

8. Agreements restricting personal liberty

9. Agreements in restraint of marriage

10. Marriage brokerage or brokage agreements

11. Agreements interfering with marital duties

12. Agreements to defraud creditors or revenue authorities

13. Agreements in restraint of trade

 
  12. Explain in brief, the classification of Agency.

Ø  Classification based on the extent of their authority

•      General Agent

•      Special Agent

•      Universal Agent

Ø  Classification based on the nature of work performed by agents

•      Mercantile Agent

•      Factor

•      Broker

•      Commission agent

•      Del credere agent

•      Banker

•      Auctioneer

•      Non-Mercantile Agent

 
  13. Mention some of the Characteristics of a Company.

  1. An incorporated association
  2. An artificial person Created by Law
  3. Separate legal entity
  4. Perpetual succession
  5. Common seal
  6. Limited liability
  7. Transferability of shares
  8. Limitations of work
  9. Voluntary association for profit
  10. Representative management
  11. Termination of existence.

 
  14. What is the differences between MOA and AOA?

MOA:

•      It is a primary document

•      It is subordinate to the act

•      It is the charter of the company and defines the fundamental conditions and objects.

•      It defines the relation between the company and the outsiders

•      Acts which are ultra vires the Memorandum cannot be ratified by the members

•      Every company must have its own memorandum.

AOA:

•      It is a secondary document

•      It is subordinate to the act and the memorandum

•      It consists the rules and regulations

•      It defines the relation between the company and the members (internal)

•      Acts ultra-virus the Articles can be ratified by the members.
  15. What is the procedure involved in appointing an Auditor?

Appointment of Auditors (Clause 139)

Ø  First auditor to be appointed by Board within 30 days & if not done, then within 90 days in EGM, and with hold office till the conclusion of first AGM

Ø  Subsequent auditors to be appointed at conclusion of first AGM & shall hold office till conclusion of 6th AGM

Ø  Maximum Tenure- Not more than 1 Term of 5 years for individual & not more than 2 Terms of 5 years each for Audit firm. However appointment has to be ratified by members at every AGM

Ø  Prior written consent of auditors is required to be taken.

Ø  Company to file notice of auditors appointment with ROC within 15 days of the meeting.

 
  16. Write a short note on Consumer Protection Council

District CPC

State CPC

National CPC

 
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. What are different classification/ Types of a contracts according to the Indian Contract Act?

1. Validity

–     Voidable Contract

–     Void Agreement

–     Void Contract

–     Illegal Agreement

–     Unenforceable Contracts

2. Formation

–     Express Contracts

–     Implied Contracts

–     Quasi Contracts

–     E-commerce Contracts

3. Execution/Performance

–     Executed Contracts

–     Executory Contracts

–     Partly Executed partly Executory

4. Obligation

–     Unilateral

–     Bilateral

 
  18. What is ‘Free Consent’? Explain all the sections which come under the Free Consent.

•      Sec. 13th Consent

•      Sec. 14th Free Consent

•      Sec. 15th Coercion

•      Sec. 16th Undue Influence

•      Sec. 17th Fraud

•      Sec. 18th Misrepresentation

•      Sec. 19th Mistake, subject to the provisions of Sec. 20th , 21st, 22nd.

 
  19. What are different ways of Terminating an Agency?

  1. Termination by the act of the parties:
    1. Mutual agreement
    2. Revocation by principal
    3. Renunciation by agent
  2. Termination by operation of law:
    1. Completion of business
    2. Lapse of time
    3. Death or insanity
    4. Insolvency of the principal
    5. Destruction of the subject matter
    6. Principal or agent becomes alien enemy
    7. Dissolution of a company
    8. Change of law

 
  20. Explain in detail the different Types of Meetings.

Statutory Meeting:

Ø  Every company limited by shares or limited by guarantee and having a share capital share within a period of not less than one month and not more than six months from the date at which the company is entitled to commence business, hold a general meeting of the members of the company. Such a meeting shall be called the “Statutory Meeting” .

Ø  Held once during the life time of the company.

Ø  Notice of the Meeting: must be given at least 21 days before the meeting and must also specifically state that the meeting is the statutory meeting.

 

Annual General Meeting:

Ø  Meaning:  It is a Meeting of shareholders.

Ø  Who: Every company other than OPC.

Ø  When: The time limit for holding AGM is dependent on fulfilment of all the below conditions:

Ø  Each year one AGM; and

Ø  Time gap between the two meetings shall not exceed 15 months; and

Ø  Within six months from the close of the financial year

Ø  Extension of AGM: Registrar can grant extension of subsequent AGM on special reason for a period not extending 3 months.

 

Extra-ordinary Meeting:

Ø  It’s a meeting of Shareholders between two Annual General Meetings.

Ø  Place, day and time to hold EGM – same as AGM, if EGM is called by place requisitionists (Rule 17). However, in any case EGM shall be held at a place within India (Explanation to Rule 18).

Ø  It can requisitioned (called) by:

Ø  Shareholders/ requisitionists

Ø  Board of Directors

Ø  CLB/ NCLT (Company Law Board/ National Company Law Tribunal)

Ø  Minimum numbers of requisitionists who are entitled are the members holding at least 1/10th of total paid-up capital (in case of company with share capital) or 1/10th voting power (in case of company without share capital).

 
  21. What is Cyber Law? What are the elements which are included in the Cyber Laws? What is the need of Cyber Laws in today’s context?

Cyber law is a system of law and regulation for the cyber space. Simply speaking cyber law is a generic term which refers to all the legal and regulatory aspects of internet and the world wide web.

 

Cyber law encompasses laws relating to:

Ø  Cyber Crimes

Ø  Electronic and digital Signatures

Ø  Intellectual Property

Ø  Data protection and Privacy

Need:

Ø  Internet has dramatically changed the way we think, the way we govern, the way we do commerce and the way we perceive ourselves.

Ø  IT is encompassing all walks of life all over the world.

Ø  Cyber space creates moral, civil and criminal wrongs. It has now given a new way to express criminal tendencies.

 
SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. 1. It is not necessary that the purpose should be expressed in words only. If the goods to be supplied can be used for one purpose only, it is implied that the seller had knowledge about the purpose for which the buyer needs the goods.

It is the case for implied condition. (Condition as to fitness of quality).

 

2. Here Darran must bear the loss because the property in the goods has already been passed to him with the acceptance of Darran’s offer by Amala.

 

3.  The court held that the seller was liable to pay damages to the buyer as he had failed to deliver the goods sold within a reasonable time.

 

4.  Yes. By this appropriation by Ranjan, and assent by Gagan, the property in the sugar passes to Gagan.

 

5. Here, Arun’s wrongful act of unauthorized lending the horse is independent of contract. Thus A was liable to pay the damages to Bhargav.

 

 

St. Joseph’s College of Commerce B.B.A. 2016 VI Sem Strategic Management Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – MARCH/APRIL 2016
B.B.M. –VI SEMESTER
M1 11 604: STRATEGIC MANAGEMENT
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What are the Objectives of Business Policy?
  2. Explain two objectives of social audit.
  3. What is meant by Benchmarking?
  4. What do you mean by Writing a scenarios?
  5. Define Ethics.
  6. Distinguish between programs and procedures.
  7. What is a strategy?
  8. Write down the hierarchy of the strategic intent
  9. Bring out two differences between tactics and strategy in business.
  10. Define strategic Group.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Write a short note on Corporate Restructuring strategies.
  12. The competitive environment- five forces model:  use this model to evaluate

Maruthi Suzuki.
  13. Briefly explain about the evaluation techniques of strategic control.
  14. Write short notes on the relationship between Corporate Governance and Agency theory.
  15. Explain value chain analysis.
  16. Write a brief note on the generic competitive strategies.
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Write in details the components of strategic management system.
  18. Mckinsey’s 7s is an important tool for analysis. Discuss.
  19. In recent years, we have seen expansion of the retail sector through the establishment of new online portals resulting in stiff competition in the market. As such, each organization needs to review its strategic capabilities for competitive advantage. Explain the nature and importance of strategic capability in view of the above statement.
  20. Discuss how the BCG growth share matrix can be effectively used by the firms to allocate resources.
  21. List the Environmental factors that can affect an Organization’s Strategy
 

 

SECTION – D

 
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. Analyze the following case and answer the question given at the end,

 

DENTA, a tooth paste was test marketed by ABC & CO in Delhi in early 2010. The brand was similar to Colgate in taste and packaging. The media advertising stressed the herbal properties of DENTA which were akin to promise. But 2 to 3 months after the Delhi launch, a tracking study revealed that DENTA has achieved a 12 per cent trial rate and a 1 per cent repeat purchase rate. The results were not as per the expectations of the company as they have targeted a market share of 10 per cent.

 

After due analysis, it was revealed that while the initial trial and repeat rate was satisfactory for the product category, yet it was felt that media advertising has not been able to induce enough people to try the product. It was therefore, felt that if the trial rate could be increased to 40 per cent and the repeat purchased to 25 per cent, the brand could achieve its targeted market share of 10 percent .Dependence purely on advertising was ruled out being very expensive.

 

Question :

  1. Suggest suitable alternatives available to ABC & CO and the most preferred alternative strategies that you would pursue as the Brand Manager for DENTA.

 

  1.  Rationalise your stand with suitable strategic suggestions.

 

 

&&&&&&&&&&&&&&&&&&&&&&&&&&&

 

 

St. Joseph’s College of Commerce B.B.A. 2016 VI Sem Management Accounting Question Paper PDF Download

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REG NO:

 

 

ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – MARCH/APRIL 2016
B.B.M. – VI SEMESTER
M1 11 602 :MANAGEMENT ACCOUNTING
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Define the term ‘Management Accounting’?
  2. Mention any two differences between Cash Flow Statement and Fund Flow Statement.
  3. What are Financial Activities?  Give any two examples of Financial Activities.
  4. Explain the scope of Management Accounting. (any 2 points).
  5. Mention any two objectives of Reports.
  6. Explain Internal Reports with an example.
  7. Average stock of a firm is Rs.50,000. Its opening stock is
Rs.10,000 less Than its closing stock. Find out the opening and  closing stock.
  8. Gross profit ratio 20% on sales. Total gross profit Rs. 1,00,000. Cash sales Rs.1,20,000. Average debtors Rs. 95,000.  Calculate Debtors turn over ratio.
  9. For calculating ‘Cash flow from Operating Activities’ from the given figure of ‘Net Profit’ earned during a year, how would you deal with:

a.      Decrease in Debtors b.      Increase in Bank Balance
c.       Increase in Bills Payable d.     Decrease in Debentures
  10. Calculate Inventory Turnover Ratio from the data given below:

Inventory at the beginning of the year Rs. 20,000
Inventory at the end of the year Rs. 10,000
Purchases Rs. 2,50,000
Return Outwards Rs. 5,000
Sales Rs. 3,50,000
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Mention any five differences between Financial Accounting and Management Accounting.
  12. Calculate the following ratios with the help of the information given:

a)      Gross Ratio b)     Net Profit Ratio
c)      Quick Ratio d)     Turnover to Working Capital Ratio
e)      Shareholders’ Funds to Total Assets Ratio.  

 

Information:

Particulars Rs. Particulars Rs.
Equity Share Capital 2,00,000 Opening Inventory 24,000
8% Preference Share Capital 1,60,000 Purchases 2,40,000
9% Debentures 1,20,000 Wages 16,000
General Reserve 20,000 Closing Inventory 36,000
Sales 4,00,000 Selling and Distribution Expenses 4,000
Liquid Assets 1,00,000 Non-current Assets 4,24,000
Current Liabilities 60,000    
  13. From the following figures calculate cash flow from operating activities:

Particulars 2015 (Rs.) 2014 (Rs.)
Balance of Profit & Loss 5,00,000 2,50,000
Provision for Depreciation 1,60,000 80,000
Outstanding wages 18,000 15,000
Prepaid Insurance 16,000 29,000
Goodwill 32,000 35,000
Provision for Doubtful Debts 20,000 14,000
Balance of Trade Receivables 1,10,000 1,98,000
Provision for Income Tax 45,000 35,000
Cash and bank balance 23,000 25,000
   

14.

  

Calculate Funds from Operation from the following:

a Net Profit for the year ended 31.03.2015 is Rs. 3,85,000.
b Loss on sale of building Rs. 35,500.
c Goodwill appears in the books at Rs. 80,000 out of which 20% has been written off.
d Old Machinery worth Rs. 18,000 has been sold for Rs. 20,000 during the year.
e Rs. 25,000 has been transferred to General Reserve.
f Depreciation has been provided on Machinery and Furniture at 10% of total cost.  Total Cost of Machinery and Furniture amount to Rs. 8,00,000.
  15. From the following Balance Sheets of the Vivek Industries Ltd. compute the trend percentages using 2012-13 as the base year. (Interpretations not required)

 Particulars 2012-13 2013-14 2014-15
Share Capital 2,60,000 3,25,000 3,90,000
Reserves 1,30,000 1,95,000 1,95,000
Loans 2,60,000 1,30,000 65,000
Sundry Creditors 3,90,000 5,20,000 2,60,000
Buildings 2,60,000 3,25,000 3,90,000
Plant 2,60,000 3,25,000 1,30,000
Stock 3,25,000 3,25,000 1,95,000
Debtors 1,30,000 1,30,000 1,30,000
Cash at Bank 65,000 65,000 65,000
   

16.

  

Explain the General Principles of a Good Reporting System.
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. John Ltd provides you the following information for the year ending 31st March 2015.

1 Sales for the year amounted to Rs. 2,00,000 out of which 60% is for cash.
2 Cost of goods sold was 50% of total sales.
3 All inventories were purchased on credit.
4 Collections from debtors amounted to Rs. 60,000.
5 Payments to creditors for inventory totaled Rs. 45,000.
6 Depreciation charged during the year on machinery amounted to Rs. 15,000.
7 Goodwill written off during the year Rs.30,000
8 Total salary for the period amounted to Rs. 6,000 out of which Rs.1,000 was outstanding.
9 Office expenses paid in cash amounted to Rs.8,000 and outstanding office expenses were Rs.2,000.
10 Land was purchased for Rs. 2,50,000 and the consideration was discharged by the allotment to the vendors of zero percent convertible debentures.
11 Fully paid equity shares of the face value of Rs. 2,00,000 were issued at a premium of 20%.
12 A machine was sold for Rs. 15,000. The book value of the machine was Rs. 17,000.
13 Another machine having a book value of Rs. 4,000 was scrapped and was treated as ordinary business loss.
14 A vehicle was purchased for cash at a cost of Rs. 1,50,000.
15 Dividends paid during the period amounted to Rs. 40,000.
16 Income tax paid Rs.10,000.
17 Cash in hand and at bank as at 31st March 2014 totaled Rs. 75,000.

 

You are required to prepare a Cash Flow statement using direct method.
  18. The Balance Sheets of S & Co. and K & Co. are given as follows:

Balance Sheets as at 31.03.2015

Particulars S & Co.  (Rs.) K & Co. (Rs.)
Equity and Liabilities:    
Shareholders’ Funds:    
Preference Share Capital 1,80,000 2,40,000
Equity Share Capital 2,25,000 6,00,000
Reserves and Surplus 21,000 27,000
Non-current Liabilities    
Long-term Loans 1,72,500 1,95,000
Current Liabilities:    
Bills Payables 3,000 0
Sundry Creditors 18,000 6,000
Outstanding Expenses 22,500 9,000
Proposed Dividend 15,000 1,35,000
Total 6,57,000 12,12,000
Assets:    
Non-current Assets    
Land and Building 1,20,000 1,84,500
Plant and Machinery 5,01,000 9,00,000
Current Assets    
Temporary Investments 1,500 60,000
Inventories 15,000 37,500
Trade Receivables 6,000 12,000
Prepaid Expenses 1,500 3,000
Cash and Cash Equivalents 12,000 15,000
Total 6,57,000 12,12,000

Prepare the Common Size Balance Sheet of the two Companies and answer the following questions:

(a)   What is the position of working capital in both the companies?

(b)   Which company has depended more on outsiders’ funds?

Has fixed assets been financed by Working Capital in any of the companies?

 
  19. From the following prepare the schedule of changes in Working Capital and Fund Flow Statement.

Name of the Co.:  ABC Ltd.

Balance Sheet as at 31st December, 2015

 

 

Particulars Note No. 31.12.2015 31.12.2014
I.  EQUITY AND LIABILITIES:      
(1)  Shareholders’ Funds:      
        (a) Share Capital          3,60,000         2,40,000
        (b) Reserves and Surplus 1        1,25,400         1,00,500
       
(2)  Share Application Money pending allotment      
       
(3)  Non-current Liabilities:      
(a) Long-term borrowings             78,000                      –
       
(4)  Current Liabilities:      
        (a) Short-term borrowings      
        (b) Trade Payables (Creditors)          1,09,200         1,00,500
        ( c) Other current liabilities      
        ( d) Short-term provisions (Tax)             32,700            29,400
       
TOTAL          7,05,300         4,70,400
       
II. ASSETS:      
(1)  Non-current assets:      
        (a) Fixed Assets:      
                    (i) Tangible Assets 2        4,98,000         2,80,200
                   (ii) Intangible Assets      
        (b) Non-current Investments      
       
(2)  Current Assets:      
        (a) Current Investments      
        (b) Inventories             78,000            66,300
        ( c) Trade Receivables (Debtors)          1,17,300         1,09,500
        ( d) Cash and Cash Equivalents (Bank)             12,000            14,400
         (e) Short-term Loans and Advances      
 

(f)  Other Current Assets

      
       
TOTAL          7,05,300         4,70,400

 

Note: 1:      
Reserves and Surplus:   31.12.2015 31.12.2014
General Reserve             27,000            18,000
Share Premium             36,000            24,000
Profit and Loss A/c             62,400            58,500
           1,25,400         1,00,500
Note: 2:      
Tangible Assets      
Land and Building          3,39,600         1,66,200
Plant and Machinery          1,53,900         1,06,800
Furniture                4,500               7,200
         4,98,000       2,80,200

Additional Information:

Depreciation written off during the year on Machinery is Rs. 38,400 and on Furniture is Rs. 1,200.

 
  20. XY Company Ltd. is unable to pay dividends to the shareholders of the company due to shortage of cash and cash equivalents, in spite of making reasonable profits for the past few years.

You are asked to submit a report to the management bringing out the reasons for the shortage of cash and cash equivalents and your suggestions to the management to overcome the situation.
  21. Using the following details, prepare Balance Sheet of Ajay Ltd.:

a)      Current Ratio = 2.75

b)     Quick Ratio = 2.25

c)      Working Capital = Rs.7,00,000.

d)     Reserves and Surplus = Rs. 1,00,000.

e)      Total current assets included stock, debtors and cash only, which are in the ratio of 2 : 6 : 3

f)       Total current liabilities included creditors and bills payable in the ratio of   3 : 2

g)     Fixed Assets are 50% of Share Capital.

h)     The Share Capital is Rs. 12,00,000.  There are no other items of assets or liabilities.

 
SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. The Balance Sheets of Deeps Ltd., is as follows:

Liabilities 2014 2015 Assets 2014 2015
Equity Share Capital 4,00,000 5,00,000 Plant and Machinery 6,00,000 6,80,000
Bank Loan 1,00,000 60,000 Goodwill 50,000 40,000
Reserves & Surplus 80,000 50,000 Sundry Debtors 30,000 14,000
Debentures 1,00,000 75,000 Stock 65,000 60,000
Provision for tax 20,000 22,000 Prepaid Expenses 5,000 0
Proposed Dividend 20,000 25,000 Cash at Bank 20,000 6,000
Sundry Creditors 60,000 75,000 Preliminary Expenses 10,000 7,000
Total 7,80,000 8,07,000 Total 7,80,000 8,07,000

You are required to calculate the following:

a)      Prepare the Schedule of Changes in Working Capital for the year ending 2015                                                                                                    (6 Marks)

b)     Calculate cashflow from Operation for the year ending 2015.  (5 Marks)

c)      Current Ratio and Quick Ratio for the year 2015.      (4 Marks)

 

 

 

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St. Joseph’s College of Commerce B.B.A. 2016 VI Sem Income Tax – II Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – MARCH/APRIL 2016
B.B.M. – VI SEMESTER
m1 11 601: INCOME TAX – II
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What is tax rebate?
  2. Mr X received Rs. 70,000 as winnings from Lottery .what is the tax liability?
  3. Explain in brief “Loss that can be carried forward”
  4. Explain provisions relating to additional depreciation allowable for New plant and Machinery in a manufacturing organization.
  5. How would you treat the following while computing the Business Income

a)      Provision for contingencies of Rs. 75,000

b)     Cash payment of Rs 25,000  on a bill due when there was a bank strike
  6. How would you treat closing stock of Rs, 80,000 undervalued while computing income from Business
  7. How would you treat the payments made to outside agencies to promote research?
  8. What is Best Judgment Assessment?
  9. Mr. X spent Rs. 50,000 on preparation of feasibility report, Rs. 30,000 on conducting survey and Rs. 20,000 on legal charges in drafting agreement. How much can he claim as deduction while computing business income?
  10. Give two reasons why pan card is important in India.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Mr. D.D. Dewan & Company are Chartered Accounts in Delhi.  They have submitted the following Income and Expenditure Account for the year.  Compute the income from profession.

Expenses ` Income `
To Drawings 48,000 By Audit fees 2,24,000
‘’ Office rent 42,000 ‘’ Financial Consultancy service 98,000
‘’ Telephone installation charges under O.Y.T. scheme 15,000 ‘’ Dividends from an Indian Company (Gross) 6,000
‘’  Electricity Bill 4,200 ‘’  Dividend on units of UTI 4,000
‘’ Salary of Staff 66,000 ‘’  Accountancy works 24,000
‘’ Charities 1,200    
‘’  Gifts given to relatives 9,600    
‘’  Car Expenses 21,000    
‘’  Subscription for Journals 2,500    
‘’  Institute fee 1,200    
‘’  Stipends given to trainees 12,000    
‘’  Net Income 1,33,300    
  3,56,000   3,56,000

Notes:

a. Depreciation of car during the year amounts to ` 5,000

b. 30% of the time, car is used for personal purposes.

 
  12. Mr. Raj Singh Parmar sold a plot of land at Jaipur on 1-6-2014 (C.I.I. = 1024) for   ` 14,40,000.  He paid   `40,000 as selling expenses.  The plot was received by him on death of his father on 15-3-85 (C.I.I. = 125).  His father had acquired it on 1-4-1980 for  ` 1,00,000 and its F.M.V. on 1-4-1981 was `  1,20,000.

On 1-10-2014 he invested   ` 3,00,000 in bonds issued by Rural Electrification Corporation Limited notified u/a 54EC and 2,00,000 on 1-3- 2015 in Bonds of National Highway Authority of India.

Compute his taxable capital gain.
  13. From the following particulars of Mr. Amarpreet Thind, compute the amount of taxable gifts chargeable as “Income under the head other sources”:

  1.  He received a cheque of ` 1,00,000 as a gift from his grandfather on 15 May 2014.
  2. He received  ` 21,000 from his friend from Canada as a gift on 31 May 2014.
  3. He received  ` 5,00,000 under a will from his grandmother on 30 June 2014.
  4. He received  ` 50,000 from his father’s friend on 30 June 2014.
  5. He received ` 75,000 as a gift from his uncle on 30 September 2014 on his birthday.
  6. He received  ` 20,000 as gift from his employer on 1 October 2014.
  7. He received a gift of `  51,000 from his father’s brother on 30 November 2014.
  14. Explain the Powers of

i)                   CBDT     ii) Income Tax officer
  15. Explain various exemptions u/s 54, 54B, 54D, 54EC & 54F in the light of the conditions to be satisfied for claiming deduction, the new asset to be invested in  and the amount of deduction allowed.
  16. Shri Anil earned gross total income of  `5,00,000 in the previous year 2014-15 and made the following donations during the year:

  1. `  10,000 to Chief Minister’s Earthquake Relief Fund Gujarat.
  2. ` 15,000 to National foundation for Communal Harmony.
  3.  ` 20,000 to Municipal Corporation approved for promotion of family planning.
  4. ` 45,000 to approved institutions.

Compute the amount of deduction admissible to him u/s 80G for the assessment year 2015-16.
 

 

 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. Following is the Profit and Loss Account of Mr. A for the year ending

31-3-2015.

Debits ` Credits `
To Salary 3,20,000 By Gross Profit 10,85,000
‘’  Office expenses 48,000 ‘’ Bad debt recovered 15,000
‘’  Depreciation 80,000 ‘’  Commission 22,000
‘’  Audit fees 25,000 ‘’  Sundry receipts 13,000
‘’  Repairs 48,000 ‘’  Custom duty recovered

(disallowed earlier)

 30,000
‘’  Amount transferred to special reserve 90,000    
‘’  Expenditure on Diwali festival 10,000    
‘’  Contribution to unapproved gratuity fund 18,000    
‘’  Interest payable 70,000    
‘’  Expenses on research 50,000    
‘’  Provision for income tax 60,000    
‘’  Bonus 18,000    
‘’  Provision for sales tax 15,000    
‘’  Employer’s contribution to employees’ PF 11,000    
‘’  Legal expenses 10,000    
‘’  Net Profit 2,92,000    
  11,65,000   11,65,000

Other information is:

  1.  Depreciation includes ` 20,000 being unabsorbed depreciation of earlier years.
  2. Repairs include  `18,000 being expenditure on constriction of wash rooms which were completed on 31-12-2014.
  3. Research expenses include  `30,000 being cost of a computer acquired for research, which is not connected to assessee’s  field of business.
  4. Interest payable includes ` 5,000 paid as penalty for late payment of interest .
  5. Sales tax is actually paid on 10-4-2015.
  6. Salary includes payment of  `40,000 given as compensation to the widow of a deceased employee.
  7. Out of bad debts recovered only  `10,000 were allowed as deduction earlier.

From the information given above calculate the business income of Mr. A for the assessment year 2015-16.

 
  18. Shri Ram Nath Shukla has given the following information regarding his investments:

 

Name of the Companies Date of Purchase C.I.I. Cost Price

`

 Date of Sale SalePrice

`
a)      Shares in companies:

 

          
i)         A Ltd. 1-1-2003 447 10,000 30-10-2014 40,000
ii)B Ltd. 1-1-2004 463 30,000 31-10-2014 80,000
iii)C Ltd. 31-1-2014 939 20,000 30-12-2014 26,000
iv)D Ltd. 28-2-2014 939 18,000 31-1-2015 14,000
i)                                           House Properties: Flat at Marine Drive –self-occupied  

1-12-87

  

150

  

60,000

  

30-6-2014

  

5,20,000

 
ii)                                         Shop at Pune (let-out) 30-6-2003 463 80,000 30-9-2014 2,80,000

 

Compute Capital Gain Taxable

 
  19. From the following particulars of Mr. Edward for the previous year ended 31st March  2015, compute his total Income for the Assessment year 2015-16.

  He Received: `
a. Director’s fee from a company 10,000
b Interest on Bank Deposits 3,000
c Income from undisclosed sources 12,000
d Winnings from lotteries (Net) 24,500
e Royalty on a book written by him 8,000
f By giving lectures in functions 5,000
g Interest on loan given to a relative 7,000
h Interest on tax free debentures of a company (listed in recognized stock exchange) (Net) 3,600
i Dividend on shares 6,400
j Interest on post office savings bank A/c 500
k Interest on Government Securities 2,200

 

He paid  `100 for collection of dividend and `1,000 for typing the manuscript of book written by him.

 

 

 

 

 

 

 

 
  20. M/s A & Bros. have following assets on 1-4-2014:

Sl. No. Assets WDV on 1-4-2014 Additions during the year Scrap value of asset put out of use during the year Rate of depriciation
1 Plant & machinery 42,20,000 6,90,000 2,10,000 15%
2 Aircraft 34,50,000 – – 40%
3 Motor Buses & Lorries (used for hiring) 6,40,000 2,80,000 4,15,000 30%
4 Imported car NIL 3,60,000 – 15%
5 Patent Rights NIL 8,00,000 NIL 25%
6 Technical Know how NIL 6,00,000 NIL 25%

Calculate the amount of depreciation which firm can claim for the assessment year 2015-16 and also calculate the WDV on 1-4-2015.  New Bus was brought into use from 1-12-2014, Plant & Machinery on 1-7-2014 and Patent Rights and Technical Know-how on 1-11-2014 and imported car on 1-6-2014.

 
  21. Mr. Tarasu having gross total income of Rs.5,00,000 for the financial year
2014-15 furnishes the following information:

a)      Deposited Rs.50,000 in tax saver deposit in the name of major son in a nationalized bank;

b)     Paid Rs.40,000 towards premium on life insurance policy of his married daughter;

c)      Interest is on listed equity shares (lock in period 3 years) – Rs.40,000;

d)     Contributed Rs.1,00,000 to P.M National Relief Fund.

e)      Donated Rs.20,000 to a Govt. recognized institution for scientific research;  his gross total income does not include any income under the head profits and gains of business profession;

f)       Interest on bank deposit (saving bank) – Rs.1,00,000;

Compute the total income of Mr. Tarasu for the A.Y. 2015-16.
 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. Given below is the profit and loss account of Shri Rajaram for the year ended 31-3-2015.

Dr. ` Cr. `
To Salaries 7,000 By Gross Profit 50,000
To Drawings 8,000 By Interest on Post Office Saving Bank Account 3,600
To Insurance Premium on his life 1,000 By Proceeds from Life Insurance Policy 3,400
To Depreciation 4,500 By Interest on Bank deposits (fixed deposit) 3,600
To Donation to the recognized institutions 500    
To General Expenses 2,600    
To Education expenditure on his three dependent sons in England 6,600    
To Provisions for doubtful debts 1,500    
To Income-tax 2,000    
To Rent 1,700    
To Net Profit 25,200    
  60,600   60,600

 

Compute his taxable income for current assessment year after taking the following information into consideration:

i)                   The amount of depreciation allowance is  `4,000

ii)                 General expenses include   ` 600 for his private expenses.

 

 

 

&&&&&&&&&&&&&&&&&&&&&&&&

 

 

 

 

 

 

 

St. Joseph’s College of Commerce B.B.A. 2016 VI Sem Entrepreneurship Development Question Paper PDF Download

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REG NO:

 

 

ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATIONS – MARCH/APRIL 2016
B.B.M. –VI SEMESTER
M1 11 603:: ENTREPRENEURSHIP DEVELOPMENT
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Briefly explain the term ‘Serial Entrepreneur’
  2. Who are ‘Angel Investors’?  Explain how they help ‘Start up Entrepreneurs’?
  3. What is the difference between ‘Trade marks’ and ‘Copyrights’?
  4. Give the meaning of ‘Letter of Credit’?
  5. Mention four objectives  of preparing a Business Plan?
  6. Differentiate ‘Franchising’ from ‘Leasing’?
  7. What do you understand by ‘Institutional Support’ for Entrepreneurs?
  8. How would you differentiate ‘Entrepreneurship’ from ‘Intrapreneurship’ ?
  9. What is a Limited Liability Partnership (LLP) ?
  10. List out the four names of leading Venture Capitalists  firms in India ?
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Explain how ‘ Business format Franchising’ is useful to start up Entrepreneurs?
  12. What is ‘ Entrepreneurial Financing ‘? What are the sources of Finance for Start up Businesses?
  13. Explain the Institutional support extended to Women entrepreneurs in India?
  14. What are the non-finanical support  for SSI entrepreneur?
  15. Explain the formalities for registration of Trade Marks in India?
  16. State the importance of Intellectual Property rights for startup Entrepreneurs?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Explain the important components of a Business Plan ?
  18. What are the advantages and disadvantages of ‘Family Owned Businesses’ ?
  19. Elaborate about the procedure and formalities for Starting up a Venture in India?
  20. What are the initiatives an Entrepreneur must take to enter International Markets?
  21. What should be the qualities of an entrepreneur to be successful in Indian context.
SECTION – D
IV) Case Study –                                                                                                      (1×15=15)                                                                                          
  22. The story of Harish Agarwal, founder of “Applerepairs” is interesting and inspiring. A school dropout, this man, with no formal education in computers runs Apple computer products repair shop. He has studied only till eighth standard but that didn’t hamper him from climbing the ladder of success.
From working in a electrical shop to starting a company of his own, he had to undergo lot of hardships. He had to discontinue his studies as his father lost his job and work as a small time worker in an electrical shop to support his family in Indore. He  then joined a computer sales and service company and worked there for 5 years. His found his love for computer hardware  then, which made him to buy a run-down computer of his own and took it apart. That he says, was his first lesson in repairing.
He then got a job in a mobile repairing shop in Bangalore and there he learned to repair mobile phones and laptops. He, once came across an Apple laptop and his passion for Apple grew so deep that he spent his whole time and energy in studying their devices and found innovative ways of repairing them. Consequently, he set up an Apple repair centre in Koramangala in 2012 with Rs 2 lakh. He now has a staff strength of 18 trained graduates. His tech trick goes like this. Since Apple does not provide spare parts, his policy is to buy new Apple products, dismantle them and use the parts to repair customer’s devices.  For example, A MacBook whose showroom price is Rs 90,000 is available to him at the wholesaler’s price of Rs 65,000. Each part in this device such as the Logic Board is replaced at a cost of Rs 56,000 for the customer, LCD panel for Rs 30,000, keyboard panel for Rs 18,000, hard disc for Rs 12,500 and charger for Rs 6,500. If you add all these charges, it works to about Rs 1,10,000. So he gets a net profit of Rs 45,000 per product.

In the last three years, Agarwal has built up a client base of 2000 customers. His firm has a turn-over of Rs 3 crore. He expects an investment of Rs 5 crore to expand his business to 50 pan-India centres.

 

Answer the following questions:

 

a.      Explain the strong areas in the Business Model of Harish Agarwal ?

b.      What should be the steps to be taken by Harish Agarwal to scale up his Business?

c.       What are the Entrepreneurial Qualities of the protagonist in the case study which have made him successful ?

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St. Joseph’s College of Commerce B.B.A. 2016 Iv Sem Research Methodology Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESER EXAMINATION – MARCH/APRIL 2016
B.B.M. – IV SEMESTER
M1 11 404: RESEARCH METHODOLOGY
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                      (10×2=20)
  1. Define the term Research.
  2. What is meant by a Variable?
  3. What is nominal data? Give an example.
  4. Can Secondary data be obtained from the field? State one reason.
  5. Explain the term Coding.
  6. What is meant by Null Hypothesis and Alternative Hypothesis?
  7. State any two types/measures  of Relationship
  8. What is a non parametric test?
  9. State any two methods to collect primary data.
  10. Write the formula of Standard deviation.
 

SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                    (4×5=20)
  11. Is population different from Universe? Explain
  12. State any four qualities of good Research.
  13. Explain any two measures of Central tendency only through mathematical formulae.
  14. Explain the significance of Research design through five points.
  15. Is literature review needed for research? Give reasons.
  16. What is Research Report?  Explain the content of effective research report.
 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                              (3×15=45)                                                                                                
  17. Briefly explain the steps in Research Process.
  18. Explain any five methods of Sampling with suitable examples.
  19. What is meant by a Questionnaire? State the various steps in formulating a questionnaire.
  20. The systolic blood pressure (HG/MM) of 15 patients under treatment for hypertension has been noted as below

150  97 107 139 118 157 152 138 151 133 165 150 122 188 151

 

Is there evidence to believe that this sample represents a population of patients having a normally distributed blood pressure with mean above 150? Calculate using a ‘t’ test. Critical t value :1.761.

 
  21. Based on a sample size of 100, the average life time of an electronic component is found to be 1480 hours.  The Company claims that the average life time is 1500 with the Std deviation of 50 hours.  Is there sufficient to support the claim of the company.  Find using a Z test, the critical value being 1.96.
SECTION – D
IV) Case Study                                                                                                            (1×15=15)                                                                                          
  22. In a survey of brand preference of high school students for drinks, the following result was obtained.

 

Gender  Brand A Brand B Brand C Total
Boys 25 30 52 107
Girls 46 22 28   96
Total 71 52 80 203

a.      What is meant by Chi square test?

b.      Is there any relationship between preference and gender of the consumers? Use Chi-Square test at the .05 level of significance and analyse.

 

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St. Joseph’s College of Commerce B.B.A. 2016 Iv Sem Project Management Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESER EXAMINATION – MARCH/APRIL 2016
BBM – IV Semester
M1 13 406: PROJECT MANAGEMENT
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Give the meaning of a Project.
  2. What is Project Management?
  3. What do you mean by Social benefit analysis?
  4. What is project risk analysis?
  5. Give the meaning of Project cost.
  6. Write the difference between normal time and crash time.
  7. Define sickness.
  8. What are project contracts?
  9. How rehabilitation of sick units are done.
  10. Give any two essential requirements of project management softwares.
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. Give the characteristics of a Project.
  12. Explain the benefits of Project Management.
  13. What is the role of computer project management?
  14. Briefly explain the objectives of Post Audit.
  15. Explain the sources of finance for projects.
  16. What are the attributes for a good project manager?
SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                
  17. Explain the ten subsystems of Project Management.
  18. Explain the various sources of Project Financing.
  19. Explain the steps involved in Project Planning & scheduling.
  20. Give the meaning of Project organization. Explain its types in detail.
  21. What is Project Appraisal? Explain technical, commercial, economic, financial and management appraisal.
SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                          
  22. Josh and Mike met each other as roommates during freshmen year at MacAlister college in  St.Paul, Minnesota. Despite a rocky start they became best friends. They are planning on going on a two week adventure together to celebrate their graduation in June. Josh has never been to Europe and wants to visit France or Spain. Mike spent a semester abroad in Aarhus, Denmark and

 

 

 

 

 

travelled extensively in Northern Europe. Even though he never went to France or Spain, Mike wants to go to some place more exotic like South Africa or Vietnam. For the past week they have been arguing back and forth over where they should go. Josh argues that it will be much cheaper to travel in Vietnam or South Africa once they are there. Each of them agree that they can spend no more than $3,500 each on the trip and could be gone for only two weeks.

One evening when they were arguing with each other over with friends, Sara said, “why don’t you use what you learned in your project management class to decide what to do?” Josh and Mike looked at each other and agreed that made perfect sense.

 

a)      Assume you are either Josh or Mike; how would you go about making a decision using project management methodology?

b)     Looking first at only cost, what decision would you make?

c)      After cost, what other factors should be considered before making a decision?

 

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St. Joseph’s College of Commerce B.B.A. 2016 Iv Sem Financial Markets And Services Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESER EXAMINATION – MARCH/APRIL 2016
BBM – IV Semester
m1 11 402: FINANCIAL MARKETS AND SERVICES
Duration: 3 Hours                                                                                            Max.  Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. What is meant by new issues market?
  2. What is meant by financial intermediation?
  3. What is mutual fund?
  4. What is SEBI?
  5. Briefly explain the terms ‘IPO’ and ‘ NFO’.
  6. What is BOLT?
  7. Write short notes on NASDAQ.
  8. What is NIFTY?
  9. Write short note on CRISIL.
  10. What is loan syndication?
 

SECTION – B

 
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)

 
  11. What are services offered by  Merchant Bankers?
  12. Explain the stages of venture capital financing
  13. Explain the role and functions of SEBI?
  14. How does the mechanism of factoring work?
  15. Explain the organizational structure of mutual fund?
  16. How does factoring differ from discounting?
 

SECTION – C

 
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Explain the various  Money Market instruments.
  18. Enumerate the kinds of Mutual funds schemes?
  19. Explain six different types of non-fee based financial services.
  20. Explain the process of Credit Rating and its benefits.
  21. Examine the kinds of leasing?
 

SECTION – D
IV) Case Study  – Compulsory question.                                                             (1×15=15)                                                                                           
  22. SBI Capital Markets Ltd. (SBICAP) is India’s largest domestic Investment Bank, offering the entire gamut of investment banking and corporate advisory services. These services encompass Project Advisory and Loan Syndication, Structured Debt Placement, Capital Markets, Mergers & Acquisitions, Private Equity and Stressed Assets Resolution.

We are a complete solutions provider offering diversified financial advisory and investment banking services, innovative ideas and unparalleled execution to our client base across all stages of the business cycle. Our services range from venture capital advisory, project advisory, buy and sell-side advisory, accessing financial markets to raise capital and even restructuring advisory in their turn-around phases.

 

SBICAP is the sole Indian member of M&A International. M&A International Inc. offers the unparalleled resources of over 600 professionals in 46 M&A advisory and investment banking firms operating in 40 countries. Over the past 5 years, M&A International members have closed more than 1300 transactions of over USD 75 billion in transaction value.

Founded in August 1986, SBICAP is a wholly owned subsidiary and the Investment Banking arm of State Bank of India (SBI), the largest commercial bank in India.

SBICAP was set up as a wholly owned subsidiary of SBI and even today, apart from the Chairman, the top management of SBICAP is almost entirely composed of executives on deputation from SBI. There is thus a constant interaction between the two organisations, especially at the higher levels. Further, SBI and SBICAP operate in complementary fields, and synergies are leveraged with SBI as well as other government companies. Despite this, SBI and SBICAP maintain a formal relationship as is necessary between a Commercial Bank and an Investment Bank.

Our Values
SBICAP, India’s leading investment bank and project advisor, is known for its astute professionalism and business ethics. We firmly believe that in our client’s happiness lies our own.

Our Mission
To provide credible, professional and customer-focused world-class investment banking services.

Our Vision
To be the best India based Investment Bank.

Headquartered in Mumbai, SBICAP has offices in all the major business hubs in India and has five subsidiaries – SBICAP Securities Ltd.SBICAP Trustee Co. Ltd.SBICAP (UK) Ltd.SBICAP (Singapore) Ltd.SBICAP Ventures Ltd.

 

Questions:

a.                                                       What are the services that are offered by SBICAP?

b.                                                     What are the similarities and dissimilarities between SBI and SBICAP?

c.                                                     What is the role played by M & A International?

 

 

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St. Joseph’s College of Commerce B.B.A. 2016 Iv Sem Cost Accounting Question Paper PDF Download

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ST. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)
END SEMESTER EXAMINATION – MARCH /APRIL 2016
B.B.M. – IV SEMESTER
M1 11 401: COST ACCOUNTING
Duration: 3 Hours                                                                                             Max. Marks: 100
SECTION – A
I) Answer ALL the questions.  Each carries 2 marks.                                        (10×2=20)
  1. Find EOQ from the following:

Annual usage: 6,000 units

Cost of Material per unit: Rs. 20

Cost of Placing and receiving an order: Rs. 60

Annual carrying cost: 10% of inventory value.
  2. Give any two functions of Purchase Department.
  3. What is the appropriate Cost Unit for the following industries

  1. Textile industry
  2. Steel industry
  4. What type of costing would you adopt for:

  1. Soft drink manufacturer
  2. Car repair and services
  5. What is Abnormal Gain?
  6. What is ABC Analysis?
  7. How is Job Analysis different from Job evaluation?
  8. What is the difference between allocation and absorption?
  9. Give 2 examples each for the following

  1. Fixed cost
  2. Variable cost
  10. Mention appropriate basis of apportionment for:

  1. Material handling expenses
  2. Indirect wages
SECTION – B
II) Answer any FOUR questions.  Each carries 5 marks.                                      (4×5=20)
  11. A machine is purchased for cash at ` 9,200.  Its working life is estimated to be 18,000 hours after which its scrap value is estimated at  `200.  It is assumed from past experience that:

i)                   The machine will work for 1,800 hours annually.

ii)                 The repair charges will be  `1,080 during the whole period of life of the machine.

iii)              The power consumption will be 5 units per hour at 6 paise per unit.

iv)               Other annual standing charges are estimated to be:

`

a)                              Rent of department (machine occupies 1/5th of total space)               780

b)                              Light (12 points in the department -2 points engaged in the machine)

288

c)                               Foreman’s salary (1/4th of his time is occupied in the machine)        6,000

d)                             Insurance premium (fire) for machinery                                                    36

e)                              Cotton waste                                                                                                   60

Find out the machine hour rate on the basis of the above data for allocation of the works expenses to all jobs for which the machine is used.
  12. The information given below has been taken from the cost records of a factory in respect of Job No 808

Direct Material Rs 4,010

Wages:

Department A: 60 hrs @Rs. 3 per hr

B: 40  hrs @ Rs. 2 per hr

C: 20  hrs @ 5 per hr

The variable overheads are as follows:

Department A: Rs. 5000 for 5000 hrs

B: Rs. 3000 for 1500hrs

C: Rs. 2000 for 500 hrs

Fixed expenses estimated at Rs. 20, 000 for 10,000 working hrs.

Calculate the cost of Job and the price to be quoted is a profit of 25% on the selling price is expected.
  13. A worker completes a job in a certain number of hours.  The standard time allowed for the job is 10 hours, and the hourly rate of wages is  ` 1.  The worker earns at the 50% rate a bonus of  ` 2 under Halsey Plan.

Ascertain his total wages under the Rowan Premium Plan.

 
  14. The following transactions took place in respect of an item of material:

 

  Receipts

Quantity

 Rate

Rs.

 Issue

Quantity
 

02-3-2016

10-3-2016

15-3-2016

18-3-2016

20-3-2016

  

200

300

 

250

  

2.00

2.40

 

2.60

  

 

 

250

 

200

 

Record the above transactions in the Stores Ledger, pricing the issues at Weighted Average Rate

 
  15. The cost accountant of  Y Ltd. has computed labour turnover rates for the quarter ended 31st March, 2010 as 10%, 5% and 3% respectively under Flux Method, Replacement method and Separation Method.  If the number of workers replaced during the quarter is 30, find out the number of (1) workers recruited and joined and (2) workers left and discharged.

 
  16. Explain in detail the steps involved in overhead accounting.
 

 

SECTION – C
III) Answer any THREE questions.  Each carries 15 marks.                                (3×15=45)                                                                                                 
  17. Strongman Ltd. has three production departments P1, P2 and P3 and two service departments S1 and S2.

Following particulars are available for the month of March, 2010 concerning the organization:

Rent 15,000; Municipal Taxes 5,000; Electricity 2,400; Indirect Wages 6,000; Power 6,000; Depreciation on Machinery 40,000; Canteen Expenses 30,000; Other Labour Related Costs 10,000.

Following further details are also available:

  Total P1 P2 P3 S1 S2
Floor Space (sq.mts.) 5,000 1,000 1,250 1,500 1,000 250
Light Points (Nos.) 240 40 60 80 40 20
Direct Wages (`) 40,000 12,000 8,000 12,000 6,000 2,000
Horse Power of Machines (Nos.) 150 60 30 50 10 –
Cost of Machines (`) 2,00,000 48,000 64,000 80,000 4,000 4,000
Working Hours   2,335 1,510 1,525    

The expenses of service departments are to be allocated in the following manner:

  P1 P2 P3 S1 S2
S1 20% 30% 40% – 10%
S2 40% 20% 30% 10% –

You are requested to calculate the overhead absorption rate per hour in respect of the three production departments.
  18. Prestige ltd Is engaged in 2 contracts. A and B during the year. The following particulars are obtained at the year end (31st December)

PARTICULARS CONTRACT A CONTRACT

B
Date of commencement 1st April 1st September
Contract price 6,00,000 5,00,000
Material issued 1,60,000 60,000
Materials returned 4,000 2,000
Materials at site (31st Dec) 22,000 8,000
Direct labor 1,50,000 42,000
Site expenses 66,000 35,000
Establishment expenses 25,000 7,000
Plant installed at site 80,000` 70,000
Value of plant (31st Dec) 65,000 64,000
Cost of contract not yet certified 23,000 10,000
Value of contract certified 4,20,000 1,35,000
Cash received from contractee 3,78,000 1,25,000
Architect’s fee 2,000 1,000

 

During the period, materials amounting to Rs.9,000 have been transferred from Contract A to B.

You are required to calculate the amount of profit transferred to the Profit and Loss account after preparing:

a)      Contract  A account

b)     Contract  B  account
  19. A product passes through three processes A, B and C.  the normal loss of each process is as follows:

Process A – 3%, Process B-5%, and Process C – 8%.

Loss of Process A was sold at 25 paise per unit, that of B at 50 paise per unit and that of C at ` 1.00 per unit.  10,000 units were introduced to Process A at

` 1.00 per unit.  The other expenses were as follows:

  Process
  A B C
  ` ` `
Materials 2,050 2,688 2,509
Labour 5,000 8,000 6,500
Actual Output (in units) 9,500 9,100 8,100

Prepare the Process Accounts, assuming that there were no opening or closing stocks.
  20. A person owns a bus which runs from Delhi to Chandigarh and back for 10 days in a month.  The distance from Delhi to Chandigarh is 150miles.  The bus completes a trip from Delhi to Chandigarh and back on the same day.  The bus goes another 10 days in a month towards Agra.  The distance from Delhi to Agra is 120 miles.  The trip is also completed in the same day.  For the rest 4 days of its operation in a month it runs on the local city.  The daily distance covered in the local city is 40 miles.

Calculate the rate the person should charge a passenger when he wants to earn a profit of 33 1/3 % on his takings.  The other information is given below:

Cost of bus  ` 60,000 Token tax `   600 p.a.
Depreciation rate 20% p.a. Lubricant oil  ` 10 per 100 miles
Salary of driver `350p.m. Repairs & maintenance ` 500 p.m.
Salary of conductor `350p.m. Permit fees  `284 p.m.
Salary of part-time accountant `160p.m. Normal capacity 50 persons
Insurance `1680p.a.    
Diesel consumption, 4 miles

Per litre costing

  

 

` 1 per litre

    

The bus is generally occupied 90% of the capacity when it goes to Chandigarh and 80% when it goes to Agra.  It is always full when it runs within the city.  Passenger tax is 20% of his net takings.

 

 

 

 
  21. Bring out in detail the differences between:

  1. Cost accounting and Financial accounting
  2. Cost accounting and Management accounting.
 

SECTION – D
IV) Case Study – Compulsory question.                                                                (1×15=15)                                                                                           
  22. Calculate Prime Cost, Factory Cost, Cost of Production, Cost of Sales and Profit from the following particulars:

  `   `
Direct materials 1,00,0000 Depreciation:  
Direct wages 30,000    Factory Plant 500
Wages of foreman 2,500     Office Premises 1,250
Electric power 500 Consumable stores 2,500
Lighting: Factory 1,500 Manager’s salary 5,000
                 Office 500 Directors’ fees 1,250
Storekeeper’s wages 1,000 Office stationery 500
Oil and water 500 Telephone charges 125
Rent:   Factory 5,000 Postage and Telegrams 250
            Office 2,500 Salesmen’s salaries 1,250
Repairs and Renewals:   Travelling expenses 500
           Factory Plant 3,500 Advertising 1,250
          Office Premises 500 Warehouse charges 500
Transfer to Reserves 1,000 Sales 1,89,500
Discount on shares written off 500 Carriage outward 375
Dividend 2,000 Income-tax 10,000

 

 

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