B.Com Corporate Accounting Past Paper PDF 2019

# B.Com DEGREE EXAMINATION, NOVEMBER 2019 ## II Year III Semester ### Corporate Accounting - I **Time: 3 Hours** **Max.marks: 75** ## Section A (10 x 2 = 20) Marks Answer any TEN questions 1. Write a short note on share capital. 2. When are shares forfeited? 3. Kandan Ltd., issued 40,000 shares...

# B.Com DEGREE EXAMINATION, NOVEMBER 2019 ## II Year III Semester ### Corporate Accounting - I **Time: 3 Hours** **Max.marks: 75** ## Section A (10 x 2 = 20) Marks Answer any TEN questions 1. Write a short note on share capital. 2. When are shares forfeited? 3. Kandan Ltd., issued 40,000 shares of Rs. 10 each payable in full an application as per a 'Private placement Agreement'. The company received application for 40,000 shares. Applications were accepted in full. Show journal entries in the books of Kandan Ltd. 4. Write down the formula for Goodwill under super profit method. 5. Calculate Time ratio: A small scale industrialist decided to convert his firm into limited company with effect from 1st April 1996. But he obtained the certificate of incorporation on 1st August 1996 and the certificate to commence business on 1st October 1996. His accounts were closed on 31st October 1996. His accounts were closed on 31st Dec 1996. 6. A company issues 10,000 equity shares of Rs. 10 each at par. The issue was underwritten by K & Co. for maximum commission permitted by law. The public applied for and received,8,000 shares. Give journal entries in the company's book. 7. What is the maximum limit for managerial remuneration to all the managerial personnel? 8. M Ltd., has part of its share capital as 5000 Redeemable Preference Shares of Rs. 100 each. When the share became due for redemption, the company decide that the whole amount will be redeemed out a fresh issue of equal amount of equity shares of Rs. 10 each. Show journal entries in the books of the company. 9. What is meant by purchase consideration ? 10. T Ltd., issued 1,000 8% debentures of Rs. 100 each. Give journal entries in the books of the company, if the debenture were issued as follows. (i) Issued at par, redeemable at par. (ii) Issued at a premium of 10% repayable at par. 11. State the methods of valuation of shares ? 12. A company whose capital consists of 5,000 shares Rs. 100 each, Rs. 75 called and paid decide to reduce the shares into 5,000 shares of Rs. 75 each fully paid. ## Section B (5 x 5 = 25) Marks Answer any FIVE questions 13. A B C Ltd., issued 10,000 equity share of Rs. 100 each payable as follows Rs. 20 on Application, Rs. 40 on Allotment, Rs. 40 on Call All the shares were subscribed and amount was duly received pass journal entries 14. A Company had as part of its capital 1000 redeemable preference shares of Rs.100 each fully paid up. When the shares became due for redemption, the company had Rs. 60,000 in its reserve fund. The company issued necessary equity shares of Rs.25 each specifically for the purpose of redemption and received cash in full. Make the necessary Journal entries regarding the above transactions. 15. S Ltd issued 1,00,000 equity shares of Rs 10 each the issue was underwritten as follows A-30%, B-30%, C-20% The company received applications for 80,000 shares only. Determine the underwriters liabilities. 16. From the following particulars, determine the maximum remuneration available to a full time director of a manufacturing co., The P&L a/c of the co., showed a net profit of Rs 40,000 after taking into about the following items. 1. Depreciation(including Specified depreciation Rs 40.000) 2. Provision for Income tax 3. Donation to political parties 4. Ex - gratia payment to a worker 5. Capital profit on sale of assets 17. Raja Ltd., was incorporated on 1.7.94 with effect from 1.1.94 the sales for the period upto 1.7.94 was Rs. 2,70,000 and the sales from 1.7.94 to 31.12.94 amounted to Rs. 3,30,000. a) Director's fees b) Bad debts c) Advertisement(Rs. 500 p.m) d) Salaries and general Expenses e) Preliminary expenses written of Gross profit was(1.1.94 to 31.12.94) Ascertain the profit prior to incorporation. 18. Good will is to be valued at 3 Years Purchase of five year's average profits the profits for the last five years of the firm were. 1994 Rs 2400 1997- Rs 3200 1995 Rs 3,000 1998-Rs 4,000 1996 Rs 3400, Calculate the amount of Good will. 19. B Ltd has 60.000 equity shares of Rs 100 each Rs 80, per share called up. Now the company decided to pay of Rs 20 per share of the paid up capital and at the sametime to reduce Rs 100 share to Rs 60 per Share fully paid up by cancelling the unpaid amount Pass Journal entries. ## Section C (2 x 15 = 30) Marks Answer any TWO questions 20. A Ltd., issued 2,000 shares of Rs. 100 each at a premium of 10% payable as follows: Rs. 25 on application. Rs. 35 on allotment(including premium) Rs. 20 on first call, Rs. 30 on final call. 1,800 shares were applied for and alloted. All the money was received with the exception of first and final calls on 200 shares held by Mr. R. These shares were forfeited. Give journal entries and prepare Balance Sheet. 21. Moon and Star Co. Ltd, is a company with an authorized capital of Rs. 5,00,000 divided into 5,000 equity shares of Rs. 100 each on 31.12.1985 of which 2,500 shares were fully called up. The following are the balances extracted from the ledger as on 31.12.1985. Trial Balance of Moon & Star Co. Ltd. | Debit | Rs | Credit | Rs | | -------- | - | ------- | - | | Opening Stock | 50,000 | Sales | 3,25,000 | | Purchases | 2,00,000 | Discount received | 3,150 | | Wages | 70,000 | Profit & Loss a/c | 6,220 | | Discount allowed | 4,200 | Creditors | 35,200 | | Insurance (Upto 31.03.86) | 6,720 | Reserves | 25,000 | | Salaries | 18,500 | Loan from managing Director | 15,700 | | Rent | 6,000 | Share capital | 2,50,000 | | General Expenses | 8,950 | | | | Printing | 2,400 | | | | Advertisements | 3,800 | | | | Bonus | 10,500 | | | | Debtors | 38,700 | | | | Plant | 1,80,500 | | | | Furniture | 17,100 | | | | Bank | 34.700 | | | | Bad debts | 3,200 | | | | Call in arrears | 5,000 | | | | **6,60,270** | | **6,60,270** | | You are required to prepare Statement of Profit & Loss for the year ended 31.12.1985 and a balance sheet as on that date. The following further information is given: a) Closing stock was valued at Rs. 1,91,500 b) Depreciation on plant at 15% and on furniture at 10% should be provided. c) A tax provision of Rs. 8,000 is considered necessary. d) The directors declared an interim dividend on 15.8.85 for 6 months ending June 30, 1985 @6% e) Provide for corporate dividend tax @ 17% 22. "A" Co. Ltd. Was incorporated on May 1, 2008 to take over the business of "X & Co. as a going concern from January 1, 2008. The Profit and loss account for the year ending December 31, 2008 was as follows: Profit and Loss Account of "A" Co. Ltd. For the Year ended 31.12.83 | Debit | Rs | Credit | Rs | | -------- | - | ------- | - | | To Rent and Taxes | 12,000 | By Trading account (Gross Profit) | 1,55,000 | | To Insurance | 3,000 | | | | To Electricity Charges | 2,400 | | | | To salaries | 36,000 | | | | To Directors' fees | 3,000 | | | | To Auditors' fees | 1,600 | | | | To Commission | 6,000 | | | | To Advertisement | 4,000 | | | | To Discount | 3,500 | | | | To office expenses | 7,500 | | | | To carriage | 3,000 | | | | To Bank charges | 1,500 | | | | To Preliminary expenses | 6,500 | | | | To Bad debts | 2,000 | | | | To Interest on Loan | 3,000 | | | | To Net Profit | 60,000 | | | | **1,55,000** | | **1,55,000** | | The total turnover for the year ending December 31, 2008 was Rs. 5,00,000 divided into Rs. 1,50,000 for the period upto May 1, 2008 and Rs. 3,50,000 for the remaining period. 23. The balance sheet of James Company Ltd. as on 31st December 1998 was as follows: | Liabilities | Rs | Assets | Rs | | -------- | - | ------- | - | | 20,000 shares of Rs. 10 each | 2,00,000 | Land & Buildings | 1,68,000 | | Profit & Loss A/c | 40,000 | Plant & Machinery | 1,20,000 | | Debentures | 30,000 | Furniture & Fittings | 10,000 | | Trade creditors | 40,000 | 5% (tax free) Govt. bonds | 40,000 | | Provision for taxation | 18,000 | Stock | 4,000 | | Proposed dividend | 30,000 | Book debts | 12,000 | | | | Cash | 4,000 | | **3,58,000** | | **3,58,000** | | The net profits of the company after charging depreciation and taxes were as follows: 1994 Rs. 34,000: 1995- Rs 38,000; 1996 Rs 36,000: 1997 - Rs. 40,000; 1998 - Rs. 38,000. On 31st December 1998 Land & Buildings were revalued at Rs. 1,90,000: Plant & Machinery at Rs. 1,42,000; and furniture and fittings at Rs. 8,000. 10% represents a fair commercial rate of return on investment in the company. Calculate the value of goodwill basing it at five years purchase of the average super profits for the last five years. # B.Com DEGREE EXAMINATION, NOVEMBER 2019 ## II Year III Semester ### Business Management **Time: 3 Hours** **Max.marks: 75** ## Section A (10 × 2 = 20) Marks Answer any TEN questions 1. Define Management. 2. What are the levels of management? 3. What is policy? 4. Define organizing. 5. What is departmentalisation? 6. State any two differences between formal and informal organisation.. 7. Give short note on delegation. 8. What is accountability? 9. Define HRM. 10. Define decentralisation. 11. What are the different types of co-ordination 12. What is control? ## Section B (5 x 5 = 25) Marks Answer any FIVE questions 13. What will be your role and skills if you are a Manager. Explain? 14. Define decision making. Explain the problems involved in Decision Making. 15. Elaborate the objectives of Scientific Management. 16. Explain the types of organisation. 17. Difference between authority and power 18. What are the factors affecting span of control? Elaborate ? 19. Distinction between co-ordination and controlling. ## Section C (2 x 15 = 30) Marks Answer any TWO questions 20. Discuss the nature of management. 21. Describe 14 principles of management developed by Henry Fayol. 22. Explain the different types of Planning. 23. Explain the process of control. # B.Com DEGREE EXAMINATION, NOVEMBER 2019 ## II Year III Semester ### Business Law **Time: 3 Hours** **Max.marks :75** ## Section A (10 × 2 = 20) Marks Answer any TEN questions 1. Define the term contract. 2. What is consideration? 3. Define Offer. 4. Who is minor? 5. What is doctrine of Ultra Vires? 6. Define the term contract of sale of goods. 7. Define bailment. 8. Define the concept doctrine of caveat emptor. 9. What is coercion? 10. Who is an agent? 11. What is pledge? 12. What is a tender in contract? ## Section B (5 x 5 = 25) Marks Answer any FIVE questions 13. State the features of an agreement? 14. Explain the difference between sale and agreement to sell? 15. What do you mean by unpaid seller? Rights of an unpaid seller? 16. What are the duties of a bailer? 17. Explain in detail about Quasi contract. 18. Mention the difference between fraud and mistake. 19. Explain the legal rules regarding acceptance. ## Section C (2 x 15 = 30) Marks Answer any TWO questions 20. Explain the essentials of a valid contract. 21. What are the various modes of discharge of contract? 22. Explain in detail about the remedies for breach of contract. 23. What are the rights and duties of Principal. # B.Com DEGREE EXAMINATION, NOVEMBER 2019 ## II Year III Semester ### Banking Theory Law and Practice **Time: 3 Hours** **Max.marks :75** ## Section A (10 x 2 = 20) Marks Answer any TEN questions 1. What do mean by RTGS? 2. Give the full form of SWIFT. 3. Define a "Cheque". 4. What is E - Banking? 5. What is KYC? 6. Write short note on "Endorsement". 7. Define 'Bill of Exchange'. 8. State the various types of deposit accounts. 9. What is crossing? 10. Who is Collecting Banker? 11. What do you mean by Ombudsman? 12. What is Material Alteration? ## Section B (5 x 5 = 25) Marks Answer any FIVE questions 13. Explain the role of Banks in the Economic Development. 14. What are the Features of Core Banking Services? 15. State the provisions of the Banking Regulation Act, regarding the opening of new branches? 16. Explain the different types of Crossing. 17. Distinguish Between a Cheque and bill of exchange. 18. What is Fixed Deposit Receipt? Describe how advances can be given against FDR. 19. Explain the Role of Collecting Banker. ## Section C (2 x 15 = 30) Marks Answer any TWO questions 20. Explain the Various Modern Functions of Commercial Banks. 21. Under What Circumstances a Cheque can be dishonoured? 22. What are the Principles of a sound Lending? 23. Explain the protection available to the Paying Banker. # SRIMATHI DEVKUNVAR NANALAL BHATT VAISHNAV ## COLLEGE FOR WOMEN (AUTONOMOUS) Chromepet, Chennai 600044. ### NON-MAJOR ELECTIVE - October 2019 ### ADVANCE TAMIL - I **Class: I B.B.A./B.C.A./B.Sc./B.Com.** **Date: 01.10.2019** **Subject Code: 18ULTNE3A01** **Time: 11/2 Hours** **Session: FN** **Semester: 1** **Marks: 60** ## பகுதி - அ எவையேனும் பத்து வினாக்களுக்கு விடையளிக்க. **(10x3=30)** 1. அகரவரிசைப்படுத்துக:- ஆறுதல், ஓட்டம், ஈதல், ஒழுக்கம், ஏதிலார், ஐயம் 2. மதி. ஆதவன் - இவற்றைக் குறிக்கும் சொற்கள் இரண்டினை எழுதுக.- 3. வல்லினம் மிகும் இடங்கள் ஏதேனும் இரண்டினைச் சான்றுடன் குறிப்பிடுக. 4. எட்டுத்தொகையில் புறநூல்கள் எத்தனை? அவை யாவை? 5. ஐஞ்சிறுகாப்பியங்களில் எவையேனும் இரண்டினை எழுதுக:- 6. சிற்றிலக்கிய நூல்கள் எவையேனும் நான்கினை எடுத்து எழுதுக:- 7. பிழைநீக்கி எழுதுக : அ) கம்பன் வந்தது ஆ) பறவைகள் பறந்தனர் 8. பிறமொழிச் சொற்களை நீக்கி எழுதுக : அ) நான் பஸ்சில் ஏறி ஹாஸ்பிட்டலுக்குச் சென்றேன். ஆ) நேற்று நானும் என் ப்ரண்டும் சினிமாவிற்குப் போனோம். 9. எழுத்துப் பிழை நீக்கி எழுதுக: நால்தோறும் பாள் குடித்தாள் உடலுக்கு நல்லது. 10. ஆங்கிலச் சொற்களுக்கு இணையான தமிழ்ச் சொற்களை எழுதுக. Ration card, Campus, Auditorium 11. பத்துப்பாட்டில் ஆற்றுப்படை நூல்களை எடுத்து எழுதுக. 12. தேசிய விழாக்கள் மூன்றினைக் குறிப்பிடுக.