vaccnser THWOM Financial Adiounting pel OP /ajy_ ‘Con. 387 & (a)-12. (REVISED COURSE)—[NEW PATTERN} SM-1062-1063 (2 Hours) (Total Marks : 60 {For Regular Students who have taken admission in colleges during the Academic Year 2011-2012} NB.: (1) Attempt all questions, (2) Figures to the right indicate full marks. (3) All working notes should form part of your answer. 1._ Following is the Balance Sheet of Jay Ltd. and Vijay Lid. as on 31-03-2014 5 uaeumes | JAYETO,[VUAY LTD, aac TAY ET TORY ETD. z Equi Shares oT ‘each fully paid up 5,50,000| _3,00,000 | Land and aulsing 2.50.00] _3,50,000 jenefal Rasorva 40,000 | 60.000_| Funture ana Fiangs —| 7.20.00 60.000 Profit and Loss Account| 56,000 | 78,000 [Investment 25,000. = Expor Pralit Hesarve 30,000] —#0,000 | Stock 65,000 | —— 40000 ‘Dion Equtsaion Reser] 75,000] 85,000 | Sundry RECanabTes 725,000} —7.10,000 ‘Sundiy Payable 7-10,000 | 90.000 [ Cash an wank Balance | —a.35,000 | 30.000 3,20,000 | —6:70.000 '8.20.000 | — 670,000, (On the above date, Jay Lid. akes over the business of Viay Lia. (including cash and Bank Balance), on the following terms and conditions ‘— (1) Allthe assets and Liabiltis are taken over at book value except the folowing assets hich were revalued and taken over as follows -— Land and Building €6,00,000, Furniture and Fittings 50,000. (2) Statutory reserves are to be maintained for next 3 years. (3) Sundry receivables of Jay Lid. included €3,000, receivable from Vijay Lid (4) Purchase Consideration is settled by issuing 60,000 equity shares in Jay Ltd., of € 10/- each at & 15/- each, to the equity share holders of Vijay Ltd., * 8.09,000 of Purchase Consideration is paid in cash (8) Stock of Vijay Ltd, includos goods of the sales Price of € 5,000 sold by Jay Lid. to Vijay Lid. at a profit of 25% on cost You are required to :— (a) Calculate Purchase Consideration (©) Prepare Balance Sheet of Jay Lio. after amalgamation, on Following is the Balance sheet of Prabhakar Rao Lid. as on 91-03-2011 8 LIABILITIES z ASSETS z ‘i Rodeomabie Prowrance Fixed Assets (net apo, ‘Shere Capital(Shares of 10 | 13.80.00. [investments .05,000 ach fully pais up) Bank Balance 3.00,000 Equity Share Captar ‘Other Curent ASSETS 70:50,00- (Shares? 10escn ulypaidup) | 13.50.000_[ ‘Miseolanaous Expendiare 20,000. Securities Premium 40,500 Proft and Loss AoCouAT 73550.000- Directors Loan 50,000, Sundly Creditors 734,500 2,75,000 “@7E,000) ‘The Company exercised the option o redeem the Preference Shares al 10% premum. For his, purpose, it issued 67,500 right shares of € 10 each at a premium of € 10 per share. The right Shares were fully subscribed and cash was received. Investments were sold for @ 5, 13,000. All payments were made to preference share holders, except to a person holding 675 shares, who was not traceable Pass necessary journal entries in the books of the Company and prepare Balance Sheet immediately atte the redemption is carried out ~~ [TURN OVER SSvas Vaexute62 Cor Con. 387-BM-1062-12. 2 2._ Following is the Balance Sheet of Virat Ltd. as on 31-09-2011 * LIABILITIES z “ASSETS z Equiy Shares of 70 each, Tuly pad up| TODO 000 | Goachar 700,000 [te Prteronce Shares ov 0 Sey ane 3.00,000 fully paid up 8,00.000 | Plantand Machinery 730,000 [iss Babes 4,00,000_| Furnture and Fitings 00,000- ‘ Tnierest accured on above debentures _| 60,000 Stock 90,000. Unsecured Loans 700,000-| Sundry receivabres. 38,000, [Bank overdraft 40,000_| Profit and Loss AGcounT 7700 Sundry payables 75,000 [Payable to Directors 25,000, 0.000 E00, ‘A Scheme of reconstruction has been agreed amongst all the stakeholders of Virat Ltd. ‘and approved by the court, which is as follows :— (1) Intangible and fictitious assets are to be fully written off (2) Land is revalued at 500% more than the book value. (3) There was an unrecorded asset of & 10,000 which was sold for 60,000. (4) Equity Shares are to be reduced by f 4/- each fully paid up. (5) 18% Preference Shares are reduced to & 4/- each fully paid up, (6) Debenture holders waived 50% of the outstanding interest on debentures. (7) 30% of the Sundry payables are reduced to the extent of 30% of book value. {8) Directors waived 90% of the amount payable to them by the company. (9) Stock and Sundry receivables are reduced by 20% and 10% of theit book values, respectively. (10) Plant and Machinery is reduced to 70% of its book value. (11) Furniture and Fittings to be reduced by 70%. (12) 40% of the unsecured loans aro raduced by 60%. You are required to prepare only capital reduction account assuming that the above scheme of reconstruction has been implemented by the company. + on 3 2. (a) On 1-4-2010 Aditya had 50,000 equity shares in T Ltd, The face value of the shat were % 10 each but their book value was ® 24 per share. (On 1-6-2010 Aditya purchased 10000 equity shares in Lid. ata premium of € per share. On 1-7-2010, the directors of T Lid. issued bonus shares at the rate of one share for every three shares held, (On 1-01-2011 Aditya purchased 5000 right shares in T Ltd. of € 10 each at 15 pershare. On 31-01-2011 he sold 20000 equity shares in T Lid. of € 10 each at € 30 per share. Show Investment Account as it would appear in Aditya’s books for the year ended 31-03-2011, (&) On3tst October, 2010 M/s. Raman Industries Lta. exported goods worth US $60,000 7 to M/s. WMS Co. USA. Mis. WMS Co. paid the instalments as under :— Date Instalment in US$ Exchange rate per US $ [2] ov12/2010 18000 44-00 ovozre0t1 12000 46.00 1010372011 12000 43.00 7042011, +0000 46.00 191052011 ‘3000 47.00 Additional information : (1) Exchange rate as on 31/10/2010 was ¥ 45:00 per US $ and as on 31/09/2011, ‘was € 44.00 per US §, (2) Accounts are closed on 31st March every year. (3) Apply AS-11 Prepare WMS's account in the books of Mis. Raman Industries Lid. for the year ended 31/03/2011Con. 387-BM-1062-12. 3 8. Following is the Trial Balance of EKKY Ltd. as on 31st March, 2011 8 Debit Balance zi Credit Balance z ‘SHOCK Tat ost) 5,00,000 | Share Capital ‘(Equity Shares of € 100 each) _| 20,00,000 Fixed Assets (Net Block) | 12,35,000 | General Reserve 70,000 ‘Sundky Debies(unsecuredandigood| _4,00,000 | Loan from State- ‘Staff Advance 85,400 | Financial Corporatioin 3,00,000 Cash on hand 60,000 | Provision for Taxation 77,000 ‘Bank balance %,94,000 | Net Profit for the year 270.000, Preliminary Expenses 26,600 | Profit & Loss Appropriation Account ‘Advance Tax 12,000 | (opening balance) 400,000 Bills Receivable '58,000 | Unsecured Loans 30,000, Tnvestments (at cost) 75,000 | Sundry Creditors 740,000. Unclaimed Dividend 5,000 25,46,000 28,46,000 ‘Additional Information 3 (1) Transfer to General Reserve & 50,000, (2) Directors recommended 6% dividend, (3) Outof debtors, debts due for more than six months were & 2,000. (4) Sundry Creditors included Creditors for goods % 1,085,000, while the remaining are for expenses, (5) Loan from state financial corporation is secured against stock. (6) Market value of investments is € 78,000 while its face value is € 60,000. (7). Ignore previous year's figures and corporate dividend tax. Prepare Profit and Loss Appropriation Account for the year ending 31st March, 2011 land Balance Sheet as on_ that date in the horizontal or vertical form, as per Schedule VI requirements, after considering the above adjustments. OR (a) Vasant Ltd. was incorporated on 1st August, 2010 to take over the running business of M/s. Ankush Bros, a partnership firm, w.e{. 1st April, 2010. The company received the certificate of commencement of business on 1st October, 2010. The fallowing Prot and Loss Account was prepared for the year ended Stst March, 2011 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31/03/2011 EXPENSES z INCOME, ce and Adminisalion expenses_| 71400 [By Gross Prof rartner's Salaries. TB. hare Transtar Foas aling and DistbuRon @xpeneee x actors Fees 2.000, bere interest i intoreet on Partners Capa 00, jank Charges 300. eliminaty exSaTERS x ia Profit ‘Additional Information + Sales arose evenly upto date of certificate of commencement of business. Thereatter they recorded an increase of two-third of the average monthly sales, Prepare Profit and loss Account for the year ended 31st March, 2011, in a columnar form showing the profit or loss during ‘Pre’ and ‘Post’ incorporation period seperately. (TURN OVERCon. 387(a}-Rnttnes +n Vneee 2b Con. 387-BM-1062-12. 4 (0) Tabassum Lid. issued and allotted 5000 equity shares of & 100/- each ata premium of 2 10/- per shave, payable as follows -— ‘On applicaiton 401 On Allotment 40: (including premium) ‘On First and Final Call: % 20/- ‘All amounts were duly received. However, Miss Maleka to whom 100 shares were ailoted in ful did not pay the allotment money. As @ result, her shares were forfeited imediately after making the calls. Pass necessary Journal entries to record the above transactions in the ‘Tabassum Lid. e books of 44. (@) Choose the most appropriate answer from the following and rewrite the complete statement -— (1) ‘Interest acerved but not due’ on debenture Account is shown in the Balance ‘Sheet of a company under Share Capital Secured Loans Unsecured Loans “Current Liabilities and provisions (2) Dividend paid prior to Redemption of Preference shares affects = —Securlty Premium Account —Capital Redemption Reserve Account Share Forfeited Account —Profit and Loss Account "9 ei (3) Bonus Shares can be issued out of___— a —General Reserve only Dividend Equalisation Reserves only “investment Allowance Reserve only All of the above three (4) On amalgamation of companies, Provident Fun the Vendor Company is transterred to Realisation Acoount —Eauily Share holders Account Purchasing Company's Account —Preterence Share holders Account .d Account in Balance Sheet | | (6) Profitorioss on sale of Sinking Fund Investmentis transfered to "Profit and Loss Account Sinking Fund Account —General Reserves Account —Security Premium Account (6) For Computing pre-incorporation profits, ixed expenses are treated as pre-incorporation expenses “treated as post-incorperation expenses —allocated in time ratio allocated in sales ratio 7Con, 387-BM-1062-12. 4 {b) Tabassum LId. issued and alloted 5000 equity shares of € 100/- each a a premium of 2 10/- per shave, payable as follows -— (On applicaiton e400 (On Allotment + 40/- (including premium) On First and Final Call: % 30/- ‘All amounts were duly received, However, Miss Maleka to whom 100 shares were Ailotou in ful cid not pay the allotment money, AS a result, her shares were forfeited immediately after making the calls. Pass necessary Journal eniries to record the above transactions in the books of Tabassum Lid 4. (a) Choose the most appropriate answer from the following and rewrite the complete statement — (A). ‘nterest accrued but not due! on debenture Account is shown in the Balance Sheet of a company under Share Capital Secured Loans Unsecured Loans —Current Liabilities and provisions: (2) Dividend paid priorto Redemption of Preterence shares affects__—____ Security Premium Account —Capital Redemption Reserve Account —Share Forfeited Account —Profit and Loss Account (3). Bonus Shares can be issued out of —General Reserve only Dividend Equalisation Reserves only “investment Allowance Reserve only —Allof the above three (4) On amalgamation of companies, Provident Fund Account in Balance Sheet the Vendor Company is transferred to | Realisation Account | —Eaquity Share holders Account Purchasing Company's Account —Preference Share holders Account (6) Proitorioss on sale of Sinking Fund Investment is transfered to, sae Profit and Loss Account | —Sinking Fund Account —General Reserves Account —Security Premium Account (6) For Computing pre incorporation profits, fixed expenses are "—ireated as pre-incorporation expenses —treated as post-incorperation expenses allocated in time ratio allocated in sales ratioCon. 387-BM-1062-12. 5 (7) Internal reconstruction of Companies— —no company is liquidated only one company is liquidated —one or more companies are liquidated } —two or more companies are liquidated (8) Preliminary expenses not written off should be shown— —on the debit side of Prolit and Loss Account —on the credit side of Profit and Loss Account —Under Miscellaneous Expenditure onthe asset side of Balance Sheet —As a footnote to the Balance Sheet \ (0) Rewrite the statement given in Group A with the corresponding most appropriate 7 statement from Group B :— Group A Group 8 + Premium on Redemption of Preference —Used for creation of Capital Redemption Shares Roa + General Reserves —Disclosed under miscellaneous Expenditure + Revaluation Reserves —Debited to Realisation Account + Amalgamation Adjustment Account Adjusted out of security Premium account + Dissolution expenses paid by Vendor _Dabited to Goodwill Account | ‘Company As 11 j faneenesiese coveatis is not a divisible profit + Foreign Currency Transactions. ae oR =" 4, (a). Fillin the blanks and rewrite the complete statement. 7 (1) In the Balance Sheet of a Company, Calls in arrears is. {added to share capital/deducted from share capital/shown as current lability] (2) For computing pre-incorporation proiils, share transfer fees received is treated as. [Pre-incorporation Income/Post Inc A Income) (3) Amalgamation Adjustment Account is opened in the books of the transferee ‘Company to Incorporate, [Assets ofthe transteror Company/Statutory Reserves of the transferor Company! Loans of the Transteror Company) (4) Premium on redemption of debentures appears on __side of the Balance Sheet til the date of redemption. [AssetLiabilty) (8) Anew Company cannot issue shares at ___ [Prernium/discount/par] (8) The balance in Sinking Fund Account is transferred to after redemption of debentures, [General ReservesiCapital redemption reserves/Sinking Fund Investment] (7) In the Balance Sheet of a limited company, unclaimed dividend appears under the head. [Current Liabilties and provisional Account scellaneous Expenditure/Unsecured Loans} [TURN OVER6 Con. '987-BM-1062-12. "stat ging easone wheter te afowng seer or False -— 8 aah ouve of shares ross in deren Coser and Surplus @ Fa arom Ce Spe een are now nde Fired sas ee ‘Snoet of @ Company oy Looe ton a ange Fun courte CaP Fee Account (aerdt Sate) | quite seam) [aft erect | (ao) (ge ee | om Fears Pret Aes wL-20RE18 qed widamed wer er set Pere) 2 (a) we om teat. a) satrndte ae oH ae co) Fea pasar ea, 8 A HHA te C8 AS sake sh Fs era oT 3 ATT 90 coe Bea cat, Tea STE TT oy ee Ee nee TY RT (ate fener sees ry i) Fea fe Re aft ee ST (a) wih taco #72. fay a fn faerie EAE TE fem |= Con. 387-BM-1062-12. 7 aga, 20s atten marae fe arable eto at w anand, 20tt det wade \ ‘ul Wawa Tae aa wT Tae aoe | Sa wT (aeeh 128 sath em) Tae are wi ise Oa te CRAY] Tees | See aor aT Ferase [BATE wari a Tie.o0e | Pia we Taree a 7 aa Te Ta | ¥w4, ced Fine eee “Be ater aio goo sama Peres aware wala etree, rae eA wee to Cat to ARAEAA Gotoo EH iA POA aT aIaS. wd emis PA Te ee varia ad ta fitch, seamed PA 13,000 & 21 UAT ah ok atresia, marca fa vara aT. vite tein atts oraecfem i satin Fitri che aR a. 3. aa mnd, 20t4 tah fae fan abe re ok % aot = Ta aa Box08, 200 See € fol Ben ae Se “Sete aoe a a GT eater a maT ar em aro Sa GR ATE ‘pesmi sma (%) ang a anne meme gpa ard are a. (2) site Fr 4009 ara A. (2) we Remit mom & to,ooo, & ko,ooe Fae Fate Farr, (e) amr a we ea, olen ah eA om, (4) 96 sinew apa & pen wie a ea (6). fiednresia acto 2a oreo car 409%8 ro (9) fara ta oeteh 20% wh, 20% Teo aa aeOTA aT aHeM., (6) dare cae 2a watch Soh 40% vals are FeV eA sare. (8) sree a frais of seg 20% a Yo a EMT aT (to) mee a sre 90% eka a oe TA oT (42) fee a Fira wot 3 ash aa amo ome (42) vot Rear we, 0663 anf a8 a ‘tata erie wich on 8 egg soften yer wieass ws TA TT feat [TURN OVERext sa VAMERH288 Con. 387-BNM-1062-12. zm ¢ zone fret a. afer wearer’, “21” HTT ea, wee ARAM cafawAl & a maT ait Ae sai. 8 THA to A 0,000 € A AFT lo, onion & to,ove ex em nm & ee ge Raa aR 2 wa, 20th, ane “8 A MA to VA 20,000 MM IA RoC Fer atte meses ve ard, zone A sooner ot anton waten Gevara “2 fa. autineics fees a aan or . (2%) 32 sited, 20% dah tet arm Palas Go, 000 US § Fretfem mq. H 2m ee foie (USS) AUS S$ faftra = [2] en/na peers reoes vee qolex/zeer toses oe Beer / Rot cove wes0 fetes mitt: (1) 2 atch, sot Aaa aft US 8 Pfau at v4.00 ¢ anf at and, gett Aon fairs ct vy. oo & wen. (2) ceri 20 ard ast anf: ere aan Set sera. (3) AS (tar are er, gerd, 2000 at aroren avisten feed oer ees aaa ara wa FT, 2. oan, zone dota a fea adams geen Te, atm, 200g awe Haws iss aa fee a free = rarer (eT A) WETS GA too TART) | Poresere ard sear (Fee A) aaa a 3,008 [Rafe seme (oir i SrA) Wa fears a Tos.see eat a Te Tass wa ag aia Aes Tive,aee ade hae Sari Fo aa GAA Re] toe. ooe arate ak waar race ss Tay oa ee ers (rae)——— Con, 387-BM-1062-12. 9 rts afta: (2) wear iasteH 4o,000 & af (3) Rarer 4% aoviar T Fe. (2), cesta cer aftaitar area 22 sradion 42,000 Ca eH oT, (e) Ria eraima aefen eaten t,ct,coo Tar war se wate TaN erafaTsha oA. (4). toa Prenizonanga 88d aH area aoa oT. (6). foams ararc He 2,000 8 STA BH ATR Ke,o00 FT, (o) mnftes auf sar one ate ste Frans HT atts afar fe Prem era 34d, 20 Sot ema afar rer ats ae a ear vec seh rarer Qe Re © ee Fpa ree care as TaN ’ feat 3.(@) Uefis, goto orgs dad ofp ae ar arte eet samara aR ATTA t HTT, Zoe ria Pst ear era ch. ect 4 sie, Yoke To aA aA SHIT frond, 9 anf, ete taf tema afer Toate er ees aT = ag aed, 209g det oor wee otter are wt aaa saree faa eo a ae Fe ae ara a TRB eee ‘water aie 4 fing exer seer Prd wap ies Fo mma Por ra Ae aa Tat safirs PofiaeR ate gfe eA are wre Te. at ard, 2040 Ga roar aan Awl ont eaten a Fra der eae corarts rater AR (a) caggn are nalfeed wei too FA yooe TMNT TIA to € safe PoE TET e ait aren ecm eri <= rata Be amemitas 3 ve (sifigearee) cufteat a site werent & 20 ‘afer a aafine’ Qo AAMT HA, zat ee area aaNet areaTeta ae see cH feel andl. qac ad cam Raven, ifm eeerrenn we com orearien waa ad wfesars eT seu tear 3, Tee otto eM at we TON Hl T [TURN OVERVAee-2887 Con, 387-BM-1062-12. 10 se (an) bes Ran ea TE Fre eT Te aT FT == stron arate aida zea (a) wRveniats afiea 1 8a TSS TH as tear (a) strani arr ae RS TET, 2265 TAT FT oom et weer At asa ase sr TaCon. 387-BM-1062-12. " (0) arta + 883 suf ad avatars (3) at cera fee areca ‘a! cerrarces areal ier ede gee are per or. © am am ater sonia Prater one =e hes aan ear ara aa or pnp sina —Faeicteee aaratat are Riko sett Reach feta od saeaia Rett ~-fatah em ara 26.) Perea a 4 FR Fe i ® (2) etboar adatgrre eh eran A ag (srstererat Rrafeara jms wan acre /are, toft Fem erafecra) (3). Hott ar rec Prada eer am ear. (ata sev ate aca se) 7 (2) ecietesdoetten yeeora Pref eared amg ae (west eos set meee eA Auer tA eeaTT sworn eta a) (0) wisi iets sm ie arg ere areata (xreseen /eft) (4) fe wrt eat a 8a (atta famaea) (6) eftenton frase ala fn emer Brg arcana a (ara sire wise Fear sia fae aR) | (9) wate sbeitea aera ara a dor aren water afer (arg et air acqg Pa sree) (2) gehes area area ass wee Fea ree sb 3 ace T= ‘ (4) strenvier sien Rohega rca an area? wet we a, (2) erie aft ach war arta area fof inn de Fe aera (2) eter mekmed ge a “eet meme! ar ahterarch aS ara, (60) tat Fore sees areas Fg wiz moh area a cea [TURN OVERCon, 387(a)-12. 2 BM-1063 (REVISED COURSE)—[OLD PATTERN) (a Hours) {Total Marks : 100 [For Regular Students who have taken admission in colleges during the Academic year 2010-2011 or earlier and for students who have registered through the Institute of Distance and Open Learning (IDOL)] N.B.: (1) Question No. 1 and Question No. 2 are compulsory. {2} Attempt any four questions from Question Nos. 3 to 8. (3) Figures to the right indicate full marks. (4) All working notes should form part of your answer 1,_ Following is the Balance Sheet of Jay Lid. and Vijay Ltd. as on 91-03-2011 :— 20 uasiumes | JAVETD. [vlaY co. eeETe SAY LTO, | WisAY CTD. z Equity Shares oT C107 r 550,000 | — 300,000 | Cand and Bureing FB0,000 [esaaa “40,000 | — 60,000"| Furniture ana Flings | — 120,000. [Profit and Loss AGcoumt | 56,000 75,000 | favestmonts 25,000 Export Profit Reserve: 90,000] 60,000 [ Stock. 165,000. Diudere Eualeicr esse | 75,000 | 85,000 | Sunary Receivables 725,000. Sundry Payable 710,000 | 90.000 | Gash ang Bank Balance | —3:58,000 i '9,20,000 | —6:70,000 '9,20,000 ‘nthe above data, Jay Lid. takes over the business of Vijay Ltd. (including Cash and Bank Balance), on the following torms and conditions -— (1) Allthe assets and liabilities are taken over al book value except the following assets Which wore revalued and taken aver as follows -— Land and Building & 6,00,000, Furniture and Fitings & 50,000, “ (2). Statutory reserves are to be maintained for next S years. (3) Sundry receivables of Jay Lid. includes £3000, receivable from Vijay Ltd. (4) Purchase consideration is soitled by issuing 60,000 equity shares in Jay Ltd., of Fs. 10/- cach at Rs. 15/- each, to the equity shares holders of Vijay Ltd., € 9,00, 000° of Purchase consideration is paid in cash (6) Stook of Vijay Ltd. includes goods of the sales price of € 6000 sold by Jay Ltd. ‘0 Vijay Lid. at a profit of 25% on cost, You are required to (a) Calculate purchase consideration. (0) Pass necessary Journal entries in the books of Jay Ltd. (ec) Propare Balance Sheet of Jay Ltd. after amalgamation. 2. (a) Choose the most appropriate answer from the following and rewrite the complete statement -— (1) hterest acorued but not dus" on Debenture Account is shown in the Balance Sheet of a company under— Share Capital Secured Loans Unsecured Loans —Current Liabilities and Provisions. (2). Dividend paid prior to Redemption of Proterence shares aftects— Security Premium Account —Capital Redemption Reserve Account —Share Forfeited Account —Profit and Loss Accountvate Con. 387(a)-BM-1063-12. 13 @) 4 6) ©) ” O} Bonus Shares can be issued out of— General Reserve only —Dividend Equalisation Reserves only —Investment Allowance Reserves only —All of the above three. (On amalgamation of companies, Provident Fund Account in Balance Sheet of the vendor company is transferred to— —Realisation Account Equity Shareholders Account —Purchasing Company's Account —Preference Shareholders Account. Profit or loss on sale of Sinking Fund Investment is transfered to— —Profit and Loss Account Sinking Fund Account —General Reserves Account —Security Premium Account. For computing pre-incorporation profits fixed expenses are— treated as pre-incorporation expenses treated as post incorporation expenses. ‘—allocatedin time ratio —allocated in sales ratio. In internal reconstruction of Companies— —no company is liquidated —only one company is liquidated —one or more companies are liquidated —two or more companies are liquidated. Preliminary expenses not written off should be shown— —on the debit side of Profit and Loss Account —on the credit side of Profit and Loss Account —Under Miscellaneous Expenditure on the asset side of Balance Sheet —As a foot note to the Balance Sheet. (b) State giving reasons whether the following statement are true or false -— 8 (1) Bonus issues of shares results in decrease in Reserves and Surplus. (2) Disputed ability s shown as contingent liailiy inthe final aecounis of a Company. (3) Loose Tools are shown under Fixed Assets in the Balance Sheet of a Company. (4) Balance in Foreign Exchange Fluctuation Account is transferred to Capital Reserve Account, 3, Following is the Trial Balance of EKKY Ltd. as on 31st March, 2011 :-— 16 Debit Balance z Credit Balance z ‘Sioak Tat cost) 500,000" Share Capital (Equty Sharos of Z 100 oach) 20,00,000 Fixed Assela (Nat Bios ‘General Reserves 70,000. Sundiy Debtors (good and unsecured) ‘Loan from Slate Fnandal Camporaain | 3,00,00 Saft Advance: Provision for Taxalion 77,000 Gash-on hand '60,000-[ Net Profit for the year 770.000 ‘Bank balance 7%,94.000 | Profi & Loss Appropriaion ASSount Preliminary EXpenees 726,600 | (opening balance) 1.,00,000. ‘Advance Tax 72,000 | Unsecured Loan "50,000, Bills Recoivable '58,000_| Sundry Crediiors 740,000. investments (at cost) 75,000] Unclaimed Dividend 5,000, 729,45,000 29,46,000, [TURN OVERCon. 387(a)-BM-1063-12. 14 Additional Information : (1) Transfer to General Reserve % £0,000. (2) Directors recommended 6% dividend. (8) Cutof the debtors, debts due for more than six months were ® 52,000, (4) Sundry Creditors included Creditors for goods % 1,05,000, while the remaining (8) Loan from State Financial Corporation is secured against stock. (8). Market value of inv (7) Ignore previous year's figures and corporate dividend tax. Propare Profit and Loss Appropriation Account for the year ending 81st March, 2011 and Balance Sheet as on that date in the horizontal or vertical form, as per Schedule VI requirements, after considering the above adjustments. are for expenses. ments is & 78,000 while face valua is € 60,000, 4._Following is the Balance Shoot of Virat Ltd. as on 31-03-2011 -— 18 LIABILITIES e ‘ASSETS z Equiy Shares of 10 each faly pa up | 76,0,000_| Goodwill 700,000 15% Proforeres Shavs 1Oeac uy eae up| —5.00,000 | Lard 3,00,000 75% Debentures .00,000 | Piant and Machinery 7,80,000 Tnferest accrued on above debentures —| 60,000 | Furiure and Fitings 2.00,000, Unsecured Loans. 700,000 | Stoek. 90,000. Bank Overdratt 40,000_[ Sunary RaceWabIos 53,000. ‘Suny Payables 75,000_| Profit and Loss Accounl 77,900 Payable fo Directors 25,0007 22,00,000 22,00,000, ’A Scheme of reconstruction has been agreed amongst all the stakeholders of Virat Ltd and approved by the Court, which is as follows :— a @) 6G) (4) (5) 6) a (3) @) (10), a) (32) 3) 5. Following is the Balance Sheet of M/s. Sumedha Ltd. as on 31-03-2011 -— You are required to Prepare only Capital Reduction Account assuming that the above scheme ‘of reconstruction has been implemented by the company. Intangible and fictitious assots are to be fully written of Land is revalued at 500% more than its book value. ‘There was an unrecorded asset of @ 10,000 which was sold for € 60,000. Equity Shares aro to be reducod by & 4/- each fully paid up. 15% Preference Shares are reduced to & 4/- each fully paid up. Debenture holders waived 50% of the outstanding interest on debentures. ‘20% of the Sundry payables are reduced to the extent of 30% of its book valve. Directors waived 90% of the amount payable to them by the company. Stock and Sundry receivables are reduced by 20% and 10% cl their book values, respectively. Plant and Machinery is reduced to 70% ofits book value. Furniture and Fittings to be reduced by 70%. 40% of the unsecured loans are reduced by 60%. Reconstruction expenses paid are € 21,950. BALANCE SHEET AS ON 31-03-2011 TABILITIES e ‘ASSETS © | Equily Shares of €10 each 506,000 _| Fixed Resets 0,00, 00 ecutly Premium 3,00,000_|_ Investments 50,00,000- Goneral eserves, 20,00,000—| Bank Balance 30,00,000- Profitand Loss Account 25,00,000_|_ Other Current Assets 50,00,000, 10% Debentures of €10d each | —40,00,000, Bank oan (Secured) 70.00:000, ‘Sunaly Creditors 20,00,000- 7790,00,000. 790,00,000Vent e12.0:15 Con, 387(a)-BM-1063-12. 15 ‘The Company decided to buyback its equity shares. For this purpose the company took the following steps :— (1) It issued 3000, 8% Preference shares of 2100 each at a premium of 5%. (2) Itissued 2000, 10% Debentures of % 100 each at a premium of 10%. (3) It sold 70% of Investments at a profit of 10%. Keeping in view all the legal requirements, ascertain :— (@) Maximum number of equity share that can be bought back. (b) Maximum price it can offer for buyback, (c) Pass Journal Entries in the books of M/s. Sumedha Ltd, (@) Prepare Balance Sheet after buyback 6 Vishwanath Ltd, took over the running business of a proprietory concern welt. tst Apri, 2010. 16 ‘The Company was incorporated on 1st September, 2010. Following is the Profit and Loss account for the year ended 31-03-2011 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31-03-2011, EXPENSES © INCOME x ToSaaries 24,000_| By Gross Profit 750.000 "To Rent and Taxes 30,000 To.Carriage outward 75,000 To Travelling Expenses 73,200 To Preliminary Expenses 7,600 To Depreciation 2,000 To Debenture interest 5.600, ToBad Debis| 600 To Net Profit 35,000 750,000 750,000. ‘Additional Information = (1). Trend of sales during April, 2010 to 31st March, 2011 was as under -— Months z April-May 17,000 p.m June-July 21,000 p.m. August-September 24,000 p.m. October-November 28,000 p.m. December onwards 30,000 p.m. (2) Out of Travelling Expenses, € 6000 were incurred by the office staff while remaining expenses were incurred by salesmen. (3) The company took over a machine worth & 1,44,000 from the proprietory concern, It also purchased a new machine on tst February, 2011 for 96,000. It provides depreciation @15% p.a. on these machineries, (4) Salaries include proprietor's salary @ 12,000. The remaining salary is paid to the office clerk appointed during the post-incorporation period, (5) Bad debis relate to a sale made prior to 1st April, 2010. Prepare Profit and Loss Account for the year ended 31st March, 2011 showing Profit or Loss for pre-incorporation period and post-incroporation period separately. 7. On st April, 2010, Mr. Pranav held 1000, 9% Debentures in Gama Limited of 2100 each 16, at a cost of & 98,000. Interest is payable on 30th June and 31st December every year. (On 1st May, 2010, he purchased 9% debentures of Gama Lid. of face value of € 20,000 at % 103, ex-interest. [TURN OVERVabes2046 Con. 387(a}-BM-1063-12, 16 On 1st June, 2010 he sold 9% Debentures of Gama Ltd. of face value of % 30,000 at % 104 cum-interest. On 30th September, 2010 he purchased 9% debentures Gama Ltd. of Face value of % 60,000 at & 110 cum-interest ‘On 4st March, 2011 he sold 9% Debentures of Gama Ltd. of face value of % 25,000 at 110 ex:interest, Prepare 9% Debentures Account in the books of Mr. Pranav for the year ending 31st March, 2011 as per AS-13. Market value of 9% Debentures as on 31-03-2011 was € 105 per debenture. 8. Suruchi Ltd. offered for public subscription 1,00,000 equity shares of @ 10 each at 11 per 16 ‘Share-Money was payable as follows :— % 3 per share on application. % 4 per share on allotment (including premium) % 2 per share on first call © 2 per share on second and final call Applications were received for 1,20,000 shares which were dealt with as follows — (a). applications for 40,000 shares were allotted in full and (b) applications for remaining 80,000 shares were allotted on pro-rata basis. Mr. Salman who had applied for 1500 shares and was alloted all the shares could not pay the first call money. Mrs. Priyanka a holder of 2000 shares, who was allotted on pro-rata basis, failed to pay the second and final call money. All these shares were subsequently forfeited after making the final call. Out of the forfeited shares of Mr. Salman, 50% shares were re-issued to Mr. Raju @ % 9 per share as fully paid shares. Pass necessary journal entries in the books of Suruchi Ltd. to record the above transactions. 8. On 31st October, 2009 M/s. Rayon Industries Ltd. exported goods worth US $ 90,000 to 16 Mis. William & Co., Canada. M/s. William & Co. paid the Instalments as under : Date Instalment in US$ Exchange rate per US $ [2] 01/12/2009 15000 44.00 01/02/2010 20000 46.00 10/08/2010 +5000 43.00 15/04/2010 118000 46.00 27/08/2011 +2000 47.00 30/08/2010 410000 42.00 Additional informaiton : (1) Exchange rate as on 31/10/2009 was % 45-00 per US $ and as on 31/03/2010 was. © 44.00 per US 8. (2) Accounts are closed on 31st March, every year (3) Apply AS-11 Prepare following accounts in the books of M/s. Rayon Industies Ltd. for the years ended 31st March, 2010 and 31st March, 2011 :— (1) Mis. Williams & Co's. Account. (2) Foreign Exchange Fluctu 3m Account. aCon. 387(a)-BM-1063-12. 7 (ud) Brie) (quite svarasa)-[g areca] (3 oe) (aga aH : tee (ea Aafia fimedth tare wi-20R0-t% on ea tt feet sn. wes en Reena ee anf yw sore ded we deer one see feetexterd}) eT: (0) ser erie ¢ ont 2 arene ome. 4 (3) we wale 2 8 ¢ me stordg are we Stat (2) sadeeis sin yu fear, (y) Ge BSA ered severe oe arte, (4) Gah ate ges er eT aT, cari, 2048 aaa wa, a faa B.A aade yes wa ota. Re wa wR] oe eae wR] ae q z at ae aaa aes Aer wea Rea a-aa or ae Fete A Feria rin warinen aa wale eH ‘eT aie ade wae, 9 fa at oraura wis oe a ale Feea Sat (2) ees sree eg ee wd reer a ge eT a TA aaiarma ——& f,20,000 wii a Rta he,eoe (2) eae sir gee 3 afters erat sree a (3) fs, oa Prcates af wet SS, 3000 & fr maga 3 ae, (0) Prva .an emmareria, aR. IAL Go ZA kojoo MMMM, TA Ft AT ‘ede esac weg bora om at. 200,000 BRE sheen, a Se IT STE, (4) fam fem mreraroutte € 4,900 Fae Petar rae wr wa fe 3 (ith fcwtae 296 sr aT) fra fon farmer oA, atts satire sar (2) ae ste re (@) a econ atafetined onereas eo aid eu (cen weet Roar cs aT) (25) 50 fen Pafesomemricen ards WaT. 2 (3) ete Rte seetmeg ates sere res re are eT fee ‘ (2) ateriatte afra wo ta ame ora cefton ance en einer cera =~ [TURN OVERWeaeeeree 18 Con. 387(a)-BM-1063-12. 18 2) watftrer smc Ritsang Ren eraiemen ware wat ) Explain the various sources of public revenue. 7. (a) Explain the causes of growth of public expenditure in modern times. (©) Explain the demerits of direct and indirect taxes. 8. Critically evaluate the Modern Theory of international trade. How ie it superior to the Comparative Cost Advantage Theory ? 9. (a) Explain the various methods adopted to correct disequilibrium in balance of payments. (0) Examine the impact of WTO agreements on India. 10. Write notes on any two of the following — (a) Classification of public expenditure (b) FREM Act, 2003 {c) Structure of balance of payments (@) India's BOP position since 1991 [TURN OVER WwW 10 10 10 10 20Con. 18-BM-1164-12, 2 = (a ame) WHA TW: foo 2 (8) Biogen er agar, weds fT ete ata er Ste (3) sondtedta sis got gor exter (a) SR Reich se Gare see OF Freres, fa & (a1) tele atertem tem ooo ae wa, (a) 88 ora aaTeRT ahr Seuss ee we (a1) areata onforaedeter eth per ons agar Ere wz. (a) ren cara afucSoar apenas Sefer Ror tee 2 (3) wrandia Prfsage nfeiet safer oer etod 7 (a) arearftes Ba Gare mea Re a (a1) area serem aTardset @frset ere wz. (a) arnfétevoren arardie terme aieftetter afore vferor wa, area stored abate fer fever (1) errant ara freore (a) urearcfter ser ger (®) 890 2 afes otatite wher (3) rear careers Ge, fir = (ot) “reer arti ara area's Cheoreras eter wer. (@) adore aegerd fefae met ee wa. (31) oye eoranrcter arcfuter wafer arte wre eae wu, (a) weua a omeues wae a2 ere &e. saeegia errorraracen omyfies Praia’ Aeon adler ax. geri wee ary feeararanr at oar ae ane. (9t) craerectercte orate goed sewarerster fafa weadt eae aur. (a) safes carer auctor aera wraradter ofeorars oeleror wT, (a) weafitetta warrant & often aTaeUTT BrIAT, 2003 (%) caagreatertt eT (8) 0880 oS ware aoaertereh feet. to fo to to to to te te Re to to to to Ro to toTW Brom Flweancial Recoumting 2 Con. 4008 (212. pudding - Paper SE BM-1038 (ees0s0-1038) REVISED coURsE - (NEW pattern) ™"S" A) Pad) 2012 (e Hours) (Total Marks :60 (1) All questions are compulsory and carry 15 marks each. (2) Working notes should form part of your answer. (8) Proper presentation and neatness is essential, (4) Use of simple calculator is allowed. 1. M/s. MILIND PRODUCTS LTD. furnish you their Profit and Loss Account for the year 15 ending 31st March, 2011 and Balance Sheet as on that date, PROFIT AND LOSS ACCOUNT Dr. cr. Particulars z Particulars z To Gost of Goods Sold 9.50,000 | By Sales 76.00,000 To Operating Expenses 2.57,000 To interest 43,000 "To Provision for Taxation 775,000 ToNet Profite/d 1.75,000 76,00,000 76,00,000 "To Provision for Dwidend 770,000 | By Balance br 50,000 To Balance of 755,000 [By NP. b/d 7175.00 2,25,000 2,25,000 BALANCE SHEET LIABILITIES z ‘ASSETS z Equity Share Capital (€ 10 each) | 2.50,000 | Land and Building 5,00,000, 10% Preference Share Capital © 100 ach)| —2,00,000 | Plant and Machinery 350,000 “General Reserves 2,50,000 | Copy Rights 100,000, Profit and Loss A/C 7.55,000 | Furniture 2,00,000 ‘Securities Premium '50,000 | Stock 3,00,000 9% Debentures 2,00,000 [ Debtors 200,000 Public Deposits 2,50,000 [Bills Receivables 7,00,000 ‘Accounts Payable 2,50,000 | Cash and Bank 50,000 Bank Overdraft 50,000 | Advance Tax 700,000 Provision for Taxation 7.75,000 Provision for Dividend 70,000 9,00,000 19,00,000 Market price per Equity Share € 25. Closing Stock is € 1,00,000 less than the opening stock. Calculate following Ratios— (a) Operating Ratio (b) Stock Turnover Ratio (c) Stock Working Capital Ratio (@) Dividend Payout Ratio (@) Retum on Equity Share Capital Vertical statement of accounts not expected. oR [TURN OVERCon. 400-BM-1038-12. 2 4, The following balances appear in the books of M/s. Bhushan Lid. for the year ended 18 31st March, 2011. You are required to prepare a Revenue statement in vertical form. PARTICULARS € ‘PARTICULARS: z Opening Stock SOOO | Salas Fats poo Net profit rom BY. 9,000 [Prof on Sale of vestment 3.000 fice Rent 5,000 | Loss by Fire 3,000 ariage ward 70,900 | Gosing Sock 70,007 General Reser 20,000 [ Purchases: 200,000 Wages 72,000 | Postage and Talogram 3.000 Saif 5.000 | Provision forTax 30,00. Office Sal Sates ais 520,000 uit Fees Digan on Shares Hela 25.000 ‘Adverse Carriage Outward 3.000 Finance Expenses Warehouse €xpensee 3,000 Toss on Sale of ASST impor Buty 3000 Depreciation: Proposed diiend 35.00 Plantand Machinery | 15000 Fumiure 16,000 Dolvery Van 74000 2. Radhika Manufacturing Limited presents the following information for 2011-12. 8 Estimated Yearly Production and Sales = 60,000 units Estimated Cost Elements per unit. RawMatenals €5 Wages 3 | Overheads 2 Seling Price 12 Further Information : (1) The company extends two months credit to the debtors. (2) The company maintains one month’s stock of Raw material. (3) The company maintains one month's stock of finished goods. (4) The processing period is one month. {5) The company is allowed two months credit by suppliers. (6) Wages and Overheads are paid one month in arrears. (7) The cash and bank balance is expected to be equal to % 25,000/- (@)_ There is regular purchase, production and sales cycle. (@) During production process wages and overheads accrue evenly. (10) Debtors are to be calculated on cost basis. (11) 20% of the customers pay one month in advance. Prepare statement showing an estimate of working capital oR 2. (a) Narayan Ltd. presents you the following information :— 8 PARTICULARS: PROJECT Thvasimen’ Required) Estimated Life in Years [Expected Sales per vear(@) ‘Expenses per Year: ‘Direct Material (ET Direct Wages — (©) ‘Overneads Gash: (® Depreciation ( Tneome Tax Note : Expected Rate of Return @10% Seen EestiYear o[+]2[s][4J]5 Present Value (PV) Factor | 1-000] 0808 | 0.26 [0751 | 0663] 0621 You are required to calculate (1) Pay back Period and (2) Profitability Index. (b) Following are the Balance Sheets of M/s. Raj Lid., as on 31st March, 2010 and 2011.7 BALANCE SHEETS As at 31st March....... LIABILITIES ore ig | ASSETS ae) a ‘Share Capital | 25,000 | 9,76,000 | Fixed Aseat 350,000 | 875,000. ‘General Reserve | —2,50,000 | 350,000 | Investment 2.25,000 | 300,000 ‘Current Liabiities | 2,50,000 | 8,31,000 | Current Assets | —4.50,000 | 7,25,000 18% Debentures. | 2,00,000 | 2,44,000 76,25,000 |18,00,000 6,25,000 [79,00,000 Prepare a Comparative Balance Sheet from the above, in vertical form, 3. Following are the Summarised Balance Sheets of M/s. Sanghi Bros. Ltd. 15 BALANCE SHEETS LIABILITIES SSO] S131 ‘ASSETS Hs] so « x z z Equiy Share Capial 700,000 | 7,00;000 | Gash on Hand 22,000 | 6,000 \ Goneral Reserve 90,000 | 90,000 | Cash at Bank 723,000 | 37,000 Prot nd Loss AIC 45,000 | $3,000 | Sundry Debtors "33,000 | 22,000 ‘eiDebertures (Ve TOOsacH| 45,000 | — 35,000 Marketable investments 55,000 | ~36,000- “Gurren Liabilities 755,000 | 54,000_| Stock in Trade 41,000 | 52,000 and and Bui 75,000 | 60,000 Plant and Machinery 26,000" | 35,000 Total 2,75,000 | 252,000 Total 2.76,000 | 252,000 ‘Additional Informatioin : (2) Interim Dividend @ 10% was paid during the year 2010-11 (b) Now machinery for ® 15,000 was purchased and an old machine costing & 6,000 (accumulated depreciation Z 3,000) was sold at book value. (©) Debentures were redeemed by purchasing from open market @% 90 per debenture ‘and profit credited to Profit and Loss A/c. You are required to prepare Cash flow Statement for the year ended 31st March, 2011 in accordance with the AS-3 using indirect method. ‘OR 3. (a) Calculate Trend Percentage from the folowing information extracted from financial statements 8 of M/s. Pranita Ltd, after arranging in Vertical Form, GALANCE SHEETS asenSteitaeh.: : armours | 22 | ip [a as: faa tier ee Teaser Sem_{—“vaon_|—te00 Cina So agar wate _[ roar '95,400_| 707,568 | 427,980. ‘Liabilities : Share Captal| —62,200_|~67,200_| 73,800 [Bank Loan 70,500| — 10,800 14.580 urrent Liabiiies "32,400 | 35,568 | — 39,600. 96,400 [7.07568 1727880] rypW OVER (iCon. 400-BM-1038-12. 4 INCOME STATEMENTS. For the year ended 31st March. 2008] 2010] 2017 PARTICULARS e fe . Net Sales 40,000 | 44,000 | 48,000, ‘Less : Cost of Sales '30,000 | 36,000 | 36,000 Gross Margin 10,000 8,000 | 12,000 ‘Less : Operaling expenses | — 4,000 | 2,000] 3,600, ‘Operating Profit %,000 | 6,000 | “8,400 (b) The following is the incomplete Trading Account of M/s. SAMEENA Ltd, for the year ended 31st March, 2011, ‘TRADING ACCOUNT Dr. oe. PARTICULARS z PARTICULARS z "To Opening Stock 7? [By Sales = To Purchases : ‘Cash? ‘Cash z ‘Great? z Groat z 7 [By Goauds cosirayed by Fre | 50,000. To Gross Prof oh 7 [By Giosing Stock 7 7 2 ‘The following information is available = (1) Creditors ® 3,00,000, Bills Payable & 2,00,000 and Debtors © 2,00,000,..ss" (2) Debtors Turnover Ratio 30 days (360 days in a year) (3) Total Sales & 32,00,000. (4) Gross Profit Ratio 25% (6) Creditors Turnover Ratio 4 Times. (6) Stock Turnover Ratio 4-8 times. (7) Opening Stock is € 50,000 higher than the closing stock. You are required to complete the above Trading Account. 4, (a) Rewrite the following sentences by selecting most appropriate choice. + The capital required to ensure the effective use of fixed assets and support the ‘normal operations of the business is known as— (a) Permanant Working Capital (b) Variable Working Capital (c) Temporary Working Capital (@) Floating Working Capital ‘+ In pay-back period method, the annual cash inflow means— (a) Not Profit After Tax (b) Net Profit After Tax and Depreciation (c) Net profit Before Tax (@) Not profit After Tax plus Depreciation ‘+ The transactions resulting in change in size and composition of the Shareholders Funds and Loan Funds are considered under— (a) Operating activities (b) Investing activities (e) Financing activities (a) None of theseCon. 400-BM-1038-12. 5 ‘+ Income earned from activities other than normal business is— (a) Operating Income {b) Non-operating Income (e)_ Not Profit (@) Allof the above + Short term solvency ratio measures the ablity ofthe firm to pay— (a) Proprietors’ Funds r (0) Current Liabilities (©) Loan Funds (a) Allthe Above } ++ AS per MIS, Tactical Decisions are taken by— (@) High Level Managers (0) Middle Level Managers (@)_ Line Managers (d) None of the above + Reserve and Surplus and Fictitious Assets are__ respectively to determine Shareholders’ Funds— (a) Deducted and Added (b) Added and Deducted (c) Added and Added (@)Deducted and Deducted + Public Deposits accepted aro— (a) lavestment f (©) Secured Loan (c) Unsecured Loan (a) Working Capital ‘= Annual Profits (b) Match the columns with most appropriate choice and rewrite. 7 Group A Group B + Average Rate of Return ‘+ Short Term Solvency | + Current Ratio ‘+ Middle Management ‘+ Not Prosent Value = Maximum Profits + Operating Activities + Initial Capital Cost + Pay Back Period ‘+ Horizontal Analysis * Strategic Decisions = Gross Profit + Trend Statements, * Discounted Cash Flows 7 + High Leve! Managers oR 4. Solve 8 (1) Sales € 4,00,000 ; Gross Profit is 95% ; Operating Expenses are & 90,000. Find out Profit after Tax assuming income tax @30%. (2) Sales € 6,25,000 ; Gross Profit 25% on cost; Stock Turnover Ratio is § times. Closing Stock is @ 25,000 higher than Opening Stock. Find out Value of Closing Stock. [TURN ovER a =oo Con. 400-BM-1038-12. 6 (3) Particulars Project Investment Required & 70,000 Estimated Life in Years 5 Expected Sales per year € 1,00,000 Expenses per year : Direct Materials 43,000 Direct Wages = 17,000 Overheads - Cash & 18,000 Depreciation @ 14,000 Income Tax 30% Calculate Average Rate of Return on Average Investment (4) _Fromthe folowings, calculate the amount of net effect on cash andcash equivalents— Ale Opening Balance Closing Balance x = cash 25,000 ‘37,000 Bank Overdraft 76,000 50,000 (6) Annual Sales % 18,00,000 with gross profit rato of 25%. Of the total sales 50% tn cash basis and balance on credit basis. Calculate the amount of sundry deblors ‘on cost basis if customers are offered one month's credit. (wurdt ier) guts seems - [ts orgie] Qa) (aga TH: & ae: (t) we mee Pear oa, iat we Che TT STE. (3) aft adler quem sere saree (a) der aretignn 3 aizkeeon STERTe sit. (y) art reds area te A Riese BA one at and, BRR A oT a a TNE TL 2 aT, awrite ae co = z ae a cd er aRCon. 400-8M-1038-12. ta sete aaa ATTA TATE HET g 24 oT, vite Fargas wrest et ate mrearzaTten T f,00,0008 weit a ats mieten sm arees srga reI-— (2) reanta eqre () wa zee ag (2) wr dat views arg (s) crvia 2a aque (4) waned aeniigaerattss vara. arash sen credits: vr arfira area, 2. and or Ro ge 34 HP, oR OF watts. : area wt sent ars aan Fas ae GE eA _[ bo,o revs ‘feat eres a Ree, Se TTT STATA er TAR wats z re cxetige er war a Tee) Tee tw [TURN OVERCon. 400-BM-1038-12. 8 2. Often deqihaatin foie? retin ah 2088-22 aT east om. ay tarsta arf: seared a PaeAl = 0,000 7 siersia ora Ta AT: was % 4 wet | fa aitutem 7 2 fash fiom TAR afte aftdi-- (8) Set amreiiar a afgaist sent 2a. (3) Sef ew afer eeon Hera art 3aa. (3) Sef we after aan aera Brat Sat. (x) arte arerath wa fear ane. (4) Seen geared afters gerd ar, (8) Fafa oat ohera oe afgaren ser fee sara. (0) tea aa figs F %,000 ste. (2) até, sera a Pastran ware Frater orto. (3) sewer afi gd @ ad oftora am eels (go) amrastat cam ufterarat arava. (88) 20% ares Us aigeare ser Tar wea. siaitra ot izes rs aR aT frat 2. (at) aren feted acts are REA om. aaatis wee ETH AAS (R) Ro,000 rife argerrs (asia) 4 aE canfifes ortefta: Pahl (2) G0,000 atte ad : eas ATG (%) aR,00e eae Fae (%) Re,e0e wid ghera-tte (2) Bx 000 Fa (®) RR,ove rE 20% ay : ara ween & to% ae. Wa GA TET 0% ae 2 & 2 2 * 4 © /-f wu fone + [ores | ovcxe[ ovour foreca | o-e2e wrote amet are: (8) cada Torts rere (3) sara Reais.Con. 400-BM-1038-12. 9 (@) Ba RA ae aU, Rote ony goRNe ae TeioamT oa . waae ad sae eae wre WR wae Fete ORR z z es Tekee % wee ar 2 ra 2 eats 3 (ca yea wee toe) 3 ve Cave 5 a Tee 5 cats abe = (21) 2ote-t8 are to ait ee ints amin Rae ot. (8) © tooo ata ta ae ra eg Wt APA FT TG ooo (Ri TATE 3,000) ae 8 GeaigE fase ae oe. (3) gem rae & 0 Heh ater ar ad at we wy, EBT TE ez ween er, eater ae a ATG eT, ‘adie miitdiored 2% ard, 20% oraed AS-3 TaMt semray Tada, de wae Tas AAT aT. fea 2.(31) aRA Bem oir ere fetes ore ean OR eR ORE Se TENG TA TC wae at ant aiet rae Te z aa 7 oo wanee |e a fe NTT Teined [wet Taw.nee | w.tce er woe Tee [wae ‘eet Reics | tee wae Banke | Pato Tavnte | Tte,tee [TURN OVERCon. 400-BM-1038-12, 10 (afer) : (@) A. arte fe. ae are, ont ded eared Ta RB Me, ard ar x Bu awe = water En ware aretter mike sree ame (8) SFA T 9,00,000, 4 a & 2,00,000 ST RUBY E 2,00,000, any (2) soot erate qua 20 fara (aus 480 fea) (2) WE PAF 22,00,000, (xe) sacs a era B96. (4) oe) Serare orga v ta, (6) ra sears orga Yo. a (o) stir ges eer er icon fas era € 40,2003 a Si, ats sand 8 af ¥.(@) Ae een Fags ares aren gt oe: c Bec rom mre svete are sa cents Brith art wiz re (a) wr aa wise (m) dat wizas (3) eed dad visas (3) warh dad visas ater oer arora ata nfs tha at Fe : (3) vara Rrars a1 (3) ag aaa (3) vera a wcwara fers am (8) equera Rare or ster wT sar secession aT wee ET via stem, (3) arte fra () fara fear (a) ramps fra (3) aabhet are att © Ref sraeoafte fe sees ae, (3) arias oe (8) Paar (3) serait a9 (3) atowd seuereta ta argue tara deh “aT RA, (@) erie fet (=) wf fet (@) aga () atemdCon. 400-BM-1038-12. 1" (3) soit sees (%) ft ata meaeare (@) somata ae (g) ThA en at 9 serra Ph fe ae Et a err Sa ce ree SA (3) mara a rarer (a) Reorrare aera (3) Brorara aaa wart (&) aN eA a aT wT ctr at = a () jams (=) fearon ad (@) ae ad (5) dae visa (3) siege sant faa wes a gah ea pe Pe . mm wad ae © ag aque nan areas 3 faa a fore 2 Sie re sedans fet fo geanin wiz otere © char cake erat Stet freer 6. them (8) Paibs,00,000 &, Besa 2%, eH UE o,900 &, ¥0% BTU He WR FANG THAR. C4 (2) FAG, x4,000 &, dae Tar amare 6% SM. rH eT STATA os ome, eT ‘rat sition weed 2,000 A rem ae, SeTeM aa ET Te, () refer we. re re F v0,000 Sen ogee 4 aret wan Fa) E ty00,000 nite oe se Z vi,200 seu rg R oveee et ora at R tesoe ern R tyece ret ¥% weet ramp wee sean x TEL (e) re Rare Prete er a er oe oom re. wt ariste) fig sat Aree z z ae yee aw tao whee “ (4), afte Raft 4c,00,000 &, ahaa er SyMTT 256 WET aT EH AAR 0 tg afta sem fat sm. ‘ae areata ¢ afareh aut er fo wore seat Pan erat RR [TURN OVERVAGex zea Con. 400(a)-12. 12 BM-1039 REVISED COURSE - [OLD PATTERN] (3 Hours) [Total Marks : 100 N.B.: (1) Question No. 1 and 2 are compulsory and carry 20 marks and 16 marks respectively. (2) Attempt any four questions from the rest, carrying 16 marks each. (3) Working notes should form part of your answer. (4) Proper presentation and neatness is essential, (5) Use of simple calculator is allowed, Radhika Manufacturing Limited presents the following information for 2011-12. a Estimated Yearly Production and Sales = 60,000 units Estimated Cost Elements per unit Raw Materials €5 Wages 3 Overheads 2 Selling Price 12 Further Information : (1) The company extends two months credit to the d (2) The company maintains one month's stock (3) The company maintains one montt (4) The processing period is one month. (5) The company is allowed two months credit by suppliers. (6) Wages and Overheads are paid one month in arrears. (7). The cash and bank blance is expected to be equal to one month's wages and ove (8) There is regular purchase, production and sales cycle. (8) During production process wages and overheads accrue evenly (10) Debtors are to be calculated on cost basis, (11) 20% of the customers pay one month in advance. (12) Provide margin of safety @10%. Prepare statement showing an estimate of working capital 2. (a) Rewrite the following sentences by selecting most appropriate choice :— « The capital required to ensure tho effective use of fixed assets and support the normal operations of the business is known as— (a) Permanant Working Capital (b) Variable Working Capital (c)_ Temporary Working Capital (d) Floating Working Capital + In pay-back period method, the annual cash inflow means— (a) Net Profit After Tax (©) Net Profit After Tax and Depreciation (c) Net Profit Before Tax (d) Net Profit After Tax Pius Depreciation ‘* The transactions resulting in change in size and composition of the Shareholders Funds and Loan Funds are considered under— (2) Operating activities (b) Investing activities (c) Financing activities (a) None of theseCon. 400(a)-BM-1039-12, 13 ‘+ Income earned from activities other than normal business is— (a) Operating Income {b) Non-operating Income c) Not Profit (a) Alf ofthe above ‘= Short term solvency ratio measures the ability of the fim to pay— (@) Proprietors Funds (©) Current Liabitti (c)_ Loan Funds (@)_ Allthe above + As per MIS, Tactical Decisions are taken by— (a) High Level Managers (b) Middle Level Managers (c) Line Managers (@)_None of the above ‘+ Reserve and Surplus and Fitiious Assets are Shareholders Funds— (a) Deducted and Added (0) Added and Deducted (c) Added and Added (d)_ Deducted and Deduoted ‘+ Public Deposits accepted aro— (a) lavestment (&) Secured Loan (c) Unsecured Loan (@) Working Capital respectively determine (0) Match the columns with most appropriate choice and rewrite, 8 Group + Average Rate of Return ‘Curent Ratio + Not Prosent Value + Operating Activtios + Pay Back Period + Strategie Decisions * Trond Statements * Working pal Management Group + Short Term Solvency + Mile Management + Maximum Profits + Initial Capital Cost Horizontal Analysis Gross Prot Discounted Cash Flows Balancing Curent Assote anc Liabities * High Level Managers + Annual Profit, 3. M/s. MILIND PRODUCTS LTD. furnish you thelr Profit and Loss Account for the year 16 tending 31st March, 2011 and Balance Sheet as on that date. PROFIT AND LOSS ACCOUNT ‘of Goods Sold 750,000 rating Expres Tatores vision Tor Taxation fat Profit 76,00 T.55,000- ce are rm TEDH;BoO 20,000 50,000" 7,75,000, 28,000, TTURN OVERCon. 400(a)-BM-1039-12, 14 BALANCE SHEET CABITES z ASSETS z Equity Share Capital (10 each} 230,000 Cand and Building 500,000" Serer eo Sree Canales) —| Fon poe Fe Machinary 3.50,000) [Gerard Tee ‘50,000 | Copy Rights FOB rol and tose Ne 155,000] Furie 2.00060 securities Premium. 50,000 | Stock 3,00,0 Fe Debentures 00.000 Debtors 20; bi Dapoat 2,50,000 [Bis Rscarabios 7.00 on counts Payable 50,000 | Cash and Bank 50,000, Bank Oversee 0.000 Advaron Tar 700 ovision Tor TARTS 75,000 Prawsion Tor ace 00 E 1800, 000 TED, Merkel ic por Eauly Sars tas cuing Stock is © "1.00000 less than the opening stock Calculate following ratios :— eed (a) Operating Batt, {b) Stock Tumover Ratio {@) Stock working Caples ato (3) Dividend Payton eet {2) Roturn on Equity Share Capital Wire a Comment on Operating Ae Vortcal statement of accounts not expected “+ Following are the Summarised Balance Sheets of Mis. Sanghi Bros. Ltd.:— 1 BALANCE SHEETS TABLES BAO] ae ASSETS Wo AAT £ © Equiy Share Capta 7100,060-|~7,90,000" on ‘General Fi 30,000 |~"30,000-] Gash at Bane 3,000 | 37,000 Proftand oes Ae 45,000 | 38.000 | Sundiy Debtors 33.000 | 22.000" Soe PREV ETD eRAT_] — 48,000 | —a5 000" Mameabe eae 55,000 | 38.000 Sundiy Creditors 46,000 | —40,000- Stock in Trade 41,000 | 62,000 Outstanding Expenses 8,000 | 18.000" Land and Bataings 75.000} 60,000 Plant ang Nachinory 26,000_| 25,000 Tora 278,000 | 2.52.00 Tota 2.76,000 | 252,000 ‘Additional Information + {G} _[alerim Dividend @10% was pald during the year 2010-11, (©) (lew machinery for € 15,000 was purchased and an oid machine costing % 6,000 {Accumulated depreciation & 3,000) was sold at book vace” () Qabentures were redeemed by purchasing trom open Meet @& 90 er debenture and profit credited to Profit and Lose Ale scone fesuted fo prepare Cash Fiow Statement fr the year ended 2tst March, 2011 in accordance with the AS-3, using indicect memoy 5. Narayan Ltd, presents you the following information = 16 PARTICULARS PROJECT-A | PROJECTS. Tavesiment Required [e 705000 Estimated Lite in Ve 3 Years Expected Sales par Year (®) 100,000, ‘Expenses per Vear Direct Material = TF 35000 3,005 Direct Wages — 18) 76,000 17,000. ‘Overieads = Caen (ED 75,000 78,000 Depreciaion = (&) 12,000 14,000. Tneome Tax 30% 0% Note : Expected Rate of Return @10%Con. 400(a)-BM-1039-12. 15 PV Table @ 10% Ten Ses Tava Pi Faster | tooo [eae] 0025 [oer oaHs |. ‘You are required to calculate (1) Pay back Period and (2) Profitability Index. 4. Calate Trend Percentage rom the follwing information exacted fom nancial statements 16 Gite Branta ise arranging in Voreal Form BALANCE SHEETS ‘tet arom 3000] — a] — 27 PARTICULARS e, =e] ay Haat toa a por as Se nest Seo] —ra00| Sam Sak “ann {18000 P00 Suk sracorase— [Hom [—sose]| 02.00 Ae Feeeaees —[—tuane |[—1ea56| 1480 ea a pences{ —e00 [— 1800] — 1800 95,400 | 1,07,568 | 1,27,980 Tas? Sra Saal aarp | eo Se aS rpm —|— ram [7200 | 10800. tattea ose | aan [— 10880 k Saray Oooo Soa | ae ae [—a600 soo 07366 [127.800 TRCONE STATEMENTS | For the yeu ended att arch j vamcusns | 2] ™E] BE | warts aoe pam ams Tepes arses ——[-s.o00 | s5000-[ 36000 o.000-{ E000 [T2009 Cat amperses | e000 | 2000 | Se00 Operates a eeoo {6000-[ B00 7. ‘The following balances appear in the books of M/s. Bhushan Lid. for the year ended 16 ist March, 2011. You are required to prepare a Revenue statement in vertical form. | PARTICULARS [PARTICULARS € | pening Siok 30,000 Sales Retumn apo Net proft bi fom PLY 5p,000_| Profiton Sale of nvestment 5,00. [Corice Rent 000_[ Loss by Fie 5,000 Garage ward 20,000 | Ciosing Stook 70,000 General Reserve “7,000 Purchases 700,000 Wages: 72.000_| Postage and Tatogram 5000 Gator 3 000_[ Provision for Tax 30,000 ‘Ofc Sal Salaries 70,900] Sales. 520,000 ‘usi Foos 35.000 Dividend on Shares Ha 25,000 ‘Advertisement 25,000 Cariage Outware 500. E Finance Expenses 26,000_| Warehouse Expenses 3.000 b Toss on Sale of ASSET 36,000_| Import Duly 3.000, ‘Show-room Expenses 5 000"| Repairs to Offce Buaing 5,000 ion? Proposed Dvidend 35.000 Planiand Machinery —| T5000, Fuiure 76,000 Delivery Van 74:00 [TURN OVER“i Con. 400(a)-BM-1039-12, 16 5. The following is the incomplete Prott and Loss Account of M/s. SAMEENA Lid, for the Year ended 31st March, 2011. PROFIT AND Loss account Dr. cr. PARTICULARS, z PARTICULARS e To Opening Stock 2 By Sales To Purchases Cash z ‘Cash 7 Greait_ 7 7 Credit 2 2] By Goods destroyed by Fre] Sob00 To Gross Profit oid 2] By Closing Stock 2 2 z To Operating Expenses 2| By Gross prot bra z ToDebenture interest 2| By Other Income 70,000, To Provision for taxation 2 To Net Profit eff 2] ‘The following information is avaliable °) Crecitors & 3,00,000 Bills Payable & 2,00,000 and Debtors & 2,00, 000. (2) Debtors Turnover Ratio 30 days (860 days in a year) (3) Total Sales % 32,00,000, ie: (4) Net Profit Ratio 7-5% el (5) Gross Profit Ratio 25% (6) Creditors Turnover Ratio 4 Times, (7) Stock Turnover Ratio 4.8 Times. (8) Opening Stock is & 60,000 higher than the closing stock. (8) Operating Ratio 81-25% (Excluding Debentare Interest) (10) "Rate of Income Tax provision is @40%, ‘You are required to complete the above income Statement. 8. (@) From the following balances on 3ist March, 2010 and 2011 relating to M/s. Bhavika td. prepare Comparative Income Statement in vertna; form, PARTICULARS SrS2010 | sr S207 Net Sales 25,000. ‘Cost of Sales 75,000 erating expenses 5,000 Non-Operating income 2,000. Tax 50% 2 (©) Following isthe Balance Sheet of Wa, Abhishek LR 88 on 31st March, 2011. Prepare a 6 BALANCE SHEET Asa 31st March, 2011 LIABILITIES = ASSETS z Equity Share Capital 5,60,000 | Fixed Asset EXSAUC] Creditors 46,000 | Inventory 70,000, Proposed Dividend 24,000_| Debtors 20,000. Tax provision: -45,000.| Cash 58,000) 6,758,000 675,000, (c) Explain-Role of Mis. 4Con. 400(a)-BM-1039-12. 7 (rrdt STi) Caer sreareseH)- [gat sirgrte] Ge) (aga TH: t00 ART: (4) wai ¢ ony oPrERE ora car oryA Rot te IH see. (3) Qu migg slut a sn atear. aia wea te TH ames, (3) get sider gre se0e wate FT. () ater eres a fetetuor ares re, (4) ad mney area, tar sega ota} eh eh a 008-22 HD RA ze serra aes see a ft = £0,000 3 ‘starfara vitewa cen afta warm & 4 vad =* satahem % 3 fa fora € 42 tes feel: (3) ei aoata da ais gut za. (3). S08 ws wffearar ween ea era 3a. (3) Se ew ater an mer wa daa, (8) after arena ws afar sre. (4), ctor grater 2 afta ge a. (5) meg a aud after ux; aftearem sunt} fA rere. (eo) dara de fig ew after gt a aud wtararon aRgaT 3s. (0) wea, sea Rasen ware Pra sre. (5) semen ate wat ge wee Te. (0) sematat cam severe aren. (2) 20% are ew afta’ ier ya eT, (82) 0% geen aE Sar. sina ded wise os TAR #4. 3 (31) aa Remeron = ‘ © fe meta weet sebrerd a erent and alanis Geert orrnt sist srad-- (3) aren dat siezs (8) mega dad isze (@) aaa aad vies (5) sor dat wi ota oc arora waa ale deta Fg (a) were fers et (@) ag Resa (@) sere aware Pera aor (s) eure Fler sor sft ware, [TURN OVERCon Annies ere anna Con. 400(a)-BM-1039-12. © Sar cert smerenton Fa a at teh sara a wee # ee ‘aia stzara, (a) erage fae (#) fate Bear (3) waa aa eae (@) trams (3) fener aah @) ceo (8) det views (2) sr see es ee en gat ar age fr = ‘ me me ¢ wrt em © sererets safe yee eg aga meer eae © fas aa fee © after eT mina frm + wats ize vie ¢ wher vers ween © area freoe © stoma uly team or uR ¢Tiim aa view aes srr a ag een as gs 2 eat areas 9 afte am‘on. 400(a)-BM-1039-12. 19 aa Recretsl wejeee Rese ,e0e [Sele STAT AT TATE HEH © ST een fg Hrear et sertroat amauta T t,00,0003 ae se ate rditrom sre aes rg aTeT-— (8) eran agate (3) Wa serere ag (3) worded wieae sega (eo) arate 8a sega (4) are uMigacratte sara. sandantis stgara ary Peer a, areal ser eae A stirs aT x. A wieh wed &, aid afire odd erates wae ter BEF Rote RN eet [ate toto] ata dott Bara AM WISaS T,00,000 | wm aa Mee 22,000 2,008 ara Ft Fo,c00 | ae Re 23,000 38,000 aerate ara B,coo | UA) 33,000, Ree Te aan ‘ueoo] 2,000 (EA yea ret 00) asec [aroTat ¥iove| ARyove wae ¥o,000 | aa a aT wiyeoo] ko,000 wae PATO CEE Byooe] yee cul Tazeoe TEA | Betece] Bariove siftes safe = (2) 2oko-tR aroma to zi aU sina arin ds oT, (2) toot ae a ae ores ew a Sa Fa Koo (Gea TURN Z 3,900) ae 8 geraigea Prawara oad oe (%) Garang 8 yo wa altar are add aR a BEN TS sata a AST TH, aorta ert a evar Te, atte wt 28 Wr, 208% STA ASO Se sireaet Wa, ter NATE cae [TURN OVERCon. 400(a)-BM-1039-12. 20 Sar Fee arches at BRA aT wae Saree Foe (C) ager (nea) cafes atea Ft (8) [aie ar weve are (&Y ser wat) ct oowe-ter (® ee, 462] TB, eee ay and oda WS | oot] Rete | Rowy &Con. 400(a)-BM-1039-12. 24 ‘9, Bel gum fsdwon gear 24 urd, 2oRe oR re aT aA, Se MTS STA ET, OK wae 6. A aati fd at at, 2005 sree ar dict UTA Teh RS om, we seria at wt waa Fear Re ee (2) FHA & 3,00,000 84 BEF 2,09,000 afr AME F 2,00,000, (3) amet eras sigue 30 fea (aula ¥¢0 Raa) (2) WRM fast F 82,020,000, (ce) ees an sg O45 (4) thas or aga UH. (6) ra sevars agua ¥ an, (9) Bra serere sea vc esr ame. (c) artsitar fangs arate sretcon fg areata & 40,0008 sift aT, (8) sedans argara 62-24% (waltkeratio: ama arag) . (oe) aURHONE eERgrE Le a. 4 ate we gi oT. (TURN OVERCon. 400(a)}-BM-1039-12. 22 $ (2) are fear is 24 ar, tote anh ote acon ares ed nen ied sem armas TRATES a aE eT, Ve ee] ate er He A0% (3, afi id fis ¥t mr, zontal mee ard one. ea Se ore ee ‘sar adie an, te wat ae wre Re aoe wee i aes ae ROR Toh,eoe (%) sraeares mittee (MIS) sft ere a,RB PALO WK HATERS AVA Human Resource a Jemen, Con. 105 & (a), (b)-12. (REVISED COURSE) BM-2070 to 20 ee management ARE (gem PATTERN ovis and Yum”) Reseures 1 Lan IN (2 He praslts __FFotal Marks : 60 Qroanction P Ce ere N.B. (1) Answer to all questions are compulsory. (2) Figures to the right indicate full marks. 1. Answer any one of the following 15 (@) What is Marketing? Explain its features and importance. (©) Discuss in detail diferent types of Employment Tests and Interviews. 2. Answer any two of the following — : 15 (@) Explain the importance of Customer Relationship Management in today's business world. (©) What is Pricing ? Explain the factors influencing pricing. (6) Explain the factors influencing channel decisions. (6) What is Groen Marketing ? Explain its significance. 3. Answer any two of the following :— 15 {@) , What is Training ? Explain the importance of training and development. (0) Explain in detail Masiow's Ned Hierarchy Theory. (©) What is Human Resource Audit ? Explain its objectives (@) Bring out the importance of Safety and Security Management. » (a) Rewrite the answer by choosing the appropriate options given below -— 5 0 data refers to the data which is readily available, (a) Primary (0) Secondary (©) Analytical (@) Research, (i) In____ Segmentation, consumers are divided on the basis of psychological traits such as emotions, life style and personality. (@) Behavioural (©) Psychographic (c) Demographic (@) Geographic. [TURN OVERwe per ine rules, werventions and pratices, (@) Oral (©) Formal (©) Informal () Stress. () Human Resource ___ involves qualiying th human ‘esource in monetary {erm and including it in the company's assets, (@) Planning (©) Accounting (©) Audit (@) Management, ) —_ appraisal is nothing but appraisal done by everyone, (@) 390° (©) 360° (©) Periodical () Expert. (™) Performance evaluation is same as Job Analysis, (9 Ina stress interview, the interviewer tes to ‘make the candidate comfortable during interview. (©) Match the following :-— Group A Group B (@) Place Mix (0. Coaching and Counseling (©) Service Marketing (ii) Agricuture dependent (©) Human Resource Development (i) Motivation (@) Mentoring (™) Involves marketing intermediaries (©) Downsizing (¥) Planned elimination of jobs (vi) Improving human skit (vil Personal care. —_—_TERRA AWA Hunan RESTS NT Con. 105-BM-2070-12, 3 (ardt aim) (quitta arama) (ata Yet) qant: (¢) wwe sifted ata, (2) sartentte sia yet or eaifeera. (3) Gash wer eon Bea. 8. arate whore seit sect fer +- m (@) Pre reo ara 7 Romar fered a era ere eu. (@) Pas arava a qeredton fatty varie ater sal a. 2. arent ead aha eta set feet : % (3%) sare rere arate sees Se oaeaTUaTe HEE TE BU, (a) ‘ora eft” goat are 7 fora tors aot az BE aT. (=) Perr arerston Prarctar cRore arent Hem eT wT. (3) ‘te Renta’ af wig ae ne ere eT. 3. arent treat a ett ee feet =~ % (a) aftvamr rere are 7 fier a Ree wea ere wT (a) steet aie nearer otter vata aPrrenten ee wT. (3) sma dane sien’ en dart ad aig et steed we eT. (8) gear anf einen oxaeareaTa ee Pee a. ¥. (@) Ree veafaineg ate wafer Pere ae seit gar fret “ (8) War eaRTE sqeee Stace TAT .. ‘we ere. (a) wate (@) 3m (%) yerrorers = (3) dei, (3) essen frmferee rea fram ge ares aes a TET, Sat deft , rata ¢. Heft A. (a) aéageR —(@) BREE (=) atacem fees (s) triers. (2) ceeeoee Beta Flam, wet a teadigan Sct ara. (a) aa (a) sheantes: (s) srhvaes (8) a7, [TURN OVERCon. 105-BM-2070-12. 4 (8) aed dares terre caer gaia er CHAT BTA AUT Ba aren Teadia aa FATE (a) Pritt (8) sieror (4). (a) Bee () ae (@) Gretta fart wee frat arrer a aim: (8) cage far ceed ar ad werreor oes sega Fawr Fe aT. (2) arRoft aqort rere sre Serre Pametro wear cre META Reha rT Ber (a) date fit ean a ears ada tha sre. (Ge) ara ear mr ared yaar Bar eTeATa ist sea. (4) lak tha nae ha bale earls ae ar (#) Steer rat :- ‘ame wn (@) wate (8) arfesit a ave @ taro Q) er sacigT (*) aRadara fee (2) after (8) average ween (8) fram peer weet (3) sfart sare (x) Petree a8 eat (8) ret atereaed are (0) Safer are.REO AVA WUE RESET eth oe ter Con, 105(a)-12. 5 BM-2071 (REVISED COURSE) OLD PATTERN (3 Hours) [Total Marks : 100 N.B. (1) All questions are compulsory. (2) Figures to the right indicate full marks. (8) Answer to both the sections should be written in the same answer-book. Section | 1. What is Marketing ? Bring out the importance of marketing to business firm. 1 OR ‘What is Marketing Information System ?. Explain the importance of Marketing Informat oi ‘System to business organisation. 2. What is Consumer Behaviour ? Explain the factors influencing it. 10 OR ‘What is Market Segmentation ? Explain the bases of market segmentation 3. Define Marketing Mix. Discuss its importance. 10 OR What is Place Mix ? What are the factors influencing channel decision ? 4. What is Rural Marketing ? Explain its features. 10 OR What is Internet Marketing ? Explain its merits and demerits, 5. Write short notes on any two of the following :— 10 (a) Marketing Concept (©) Buying Decision Process (6) Product Mix (@)_ Retail Marketing. OR Read the following case and answer the questions given below, Bhaveshbhai Kotak started his small grocery shop 30 years ago. He personally sold his goods. He was an extrovert by nature. This helped him in developing good personal relationship with a number of customers. ‘Soon he became a socially prominent person. This enabled him to expand his business operations. He had many shop like a Medical shop, Electronic shop, a hotel and so on alongwith the grocery shop. Furthermore the shop had become a meeting place for his old friends. However, his son Ritesh who had became a Management Graduate felt that his father’s style of management was improper. People were unnecessarily dropping at the shop and wasting everybody's time. He felt the business should be managed in a more professional manner. Questions : (@) Do you agree with Ritesh’s approach of management ? Justify. (©) How important is personal relationship in business ? fron ovenCon. 105(a)-BM-2071-12, 6 10. Section I Define Human Resources Management. Explain its nature, 10 ‘OR What is Employment Test ? Explain the role of employment tests in selection process. What is Training ? Explain the importance of training and development, 10 OR ‘What is Performance Appraisal ? Explain the various techniques of performance appraisal. Define Human Relations. Explain the importance of maintaining human relations. 10 OR Define Leadership and explain the qualities of an effective leader. What is Human Resources Audit ? Explain its objectives, 10 ‘OR What is Career Planning and Develoment ? Bring out the importance of career planning and development, Write short notes on any two of the following = 10 {@) Induction Training (b) Compensation and Incentives (C) McGregor’s X & Y Theory (@) Outsourcing oR Read the following case and answer the questions given below -— Mr. Vivek is the Chief Executive of a medium-sized pharmaceutical firm in Bangalore. He hold a Ph.D in Pharmacy. However, he has been involved in research ‘and development of new product fortwo decades. Though the tumover is nota problem for the company, Mr. Vivek and his senior collegues noticed that the permanent workers \were not working up to their full potential. It is a well known fact that they filed their days with unnecessary and unproductive activilies and worked only for the sake of a pay cheque. In the recent past, the situation demanded immedate managerial attention land prompt rectification measures. Mr. Vivek knew very well that the only way to progress and prosper is to motivate workers to peak performance through various, incentive plans and training them Mr. Vivek wanted the Persone! Manager to look into the problem more closely and find out a solution to the problem of permanent workers. Questions :— (@) The Personnel Manager seeks your help to know about the different factors affecting motivation. (©) Why does Mr. Vivek wants the Personnel Manager to provide training for the employees ? Advice the Personel Manager on the advantages of training= me ree a meceserrer [ SORT RTEORT AA Human RESUTEE manesonent Con. 105(a)-BM-2071-12, 7 Ce) \. (Guta sexe) (af were) Wer: (0) wise det oraee ant. (3) sxc ies er’ ae eelfeae (2) Sab mish at ere sem WT fee (2) 3 ae wer ar ra, §. 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Fede 8 Src de or eam orereron ste etme ye ora EME ae sake. 3 era: ater Fein rari ea. ab. @ arf a er ha eae Pra ‘reaver ete i a fers st at. 2 Rte a cafe atts Mearaia ar@ aed A, 0 sen atau te are sro ath sears am IM aioe omg a aia Re siers ere te et 2, & are ea fee waren Sere w OTT a ey 8 Rrafaeareten te sera, rte rel ara, Berea wat eA cer deer reer sere eet ea Fafa ae of, Pere fee ser wee net ‘Sot aren Fafa Fa ons wet ai aie es a af Bag caret sare @ fara aren aa age, 20, Res ear eA, re ers care RET ee RT TN TT, we (a) and dan seaearvatar afieorae atteny aoa acim weteeta a (3) erent after are dees aerearenhh aa sia af Pde gin eared? art deme sree fearon reer ofaSRIEBRI A A Human RESTOR mawyemend— ne conan a Con. 105(b)-12, 9 BM-2072 (OLD course) (3 Hours) [Total Marks : 100 }) Answers to all questions are compulsory. (2) Figures to the right indicate full marks, (©) Answers to the two sections should be writen in the same answer book Section | 1+ State the meaning of any seven ofthe folowing terms in not more than five lines 14 each (a) (co) @) (e) 0 (9) ) 0 (a) co) () @) (e) ®) a) (o) o 2. Answer Conceptual skills ‘Trusteeship principle of Management Delegation of authority Group interview Job-analysis Budgetory contro! Laissez-aire style of Leadership MBO Formal organisation Decentralisation. any three of the following “Management is a science’ — Discuss, Briefly outline the steps involved in MBO, Outline the principles of delegation. Explain the factors influencing span of control Describe the different bases for departmentation, Discuss any four non programmed techniques of decision ‘making 3. Answer any three of the following :— 8 fa) (b) (c) (d) (e) i} Briefly stato the steps involved in the selection process, Describe the diferent types of tests conducted for recruitment Purposes, State and explain Herzborg's theory of motivation. site briefly about any four styles of effective leadership, State and explain the principles of coordination Describe the steps involved in the control process. F Write short notes on any three of the following :— 1 0) (ii) ww W) wi) !) Line and Staff Contiict Delegation Vs Decentralisation Any four Principles of Management ‘Types of Interviews. Masiow's Theory of Motivation Components of a Plan. [TURN OVERsaepsconeans Con, 105(b}-BM-2072-12. 10 Section It 4. State the meaning of any seven of the following terms in not more than five lines 14 (a) Human Resource Planning (©) Vestibule Training. (©) Follow up. (8) Land Productivity. (6) 360° Performance appraisal () Assembly Production (g)_ Reorder Level (h) Job Evaluation. () Statistical Quality Control © Quality Circle. 18 5. Answer any three of the following ~ (a) Stato the need and importance of Human Resource Development. (>) Explain the merits of on the job training. (e) Discuss the steps involved in production planning and control. (a) What are the merits of Flexible Manufacturing system ? (6) Discuss the characteristics of a good product design. (Describe the types of continuous production system. 6. Answer any three of the following :—~ = (@)_ State the factors influencing industrial Productivity. (©) What are the benefits of inventory control ? (6) Discuss the steps involved in TM. (@) Outline the procedure for |SO 9000 certification. (¢) Describe the steps involved in Material Requirement Planning. (f) State and explain the importance and need for Inventory Control Or 6. Write short notes on any three of the following ~ . ()) Human Resource Accounting. (i) Human Resource Development. (ii) National Productivity Council (iv) Drawbacks of Performance Appraisal System. (v)_ Merits of Production Planning and Control. (Wi) Inventory Costs.‘Con. 105(b)-BM-2072-12, W (Fret viet) (7 aT) WT: (:) wd ya aie onda, (3) Sachescies sie ai’ eet go atfeara. (3) Seah Resist et ware sa fer. (&) 3 Bret va sae aa, ‘farm mofo ator are eave eels yMt wre site we w (31) een ene sheet (3) sere feed a (%) often wert arr (®) wR EET (8) ard Rede, (3) sierawrda Priam (1) Riga ag (8) afte 3a sree (8) stata deer (@) Rett, | 3 rca stored Mi wate set fer = xv () sacar tare one’ wef ea. (9) ster armemeantts zai’ ates free eT. (®) ‘ofrer warrel ae tee fret. (8) seaearea aera oitora aot new ee wr, (5) Reefer sree Praga a. 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(%) aad sera veda wan free sa. &. wreistaht strane dia wie set fore :~ (a) steitfhe seeder aftorm arcort aee fereT. (a) ater Pez wre sora? (%) Wa am aaernte coast wal a. (3) SL. WH. St. Qo00 3 SaTIMA Praftwart Text BE aT. (3) anph Paera ene goran fee eoaia ay eT, (%) wat Pelzer ages srfh aes aE AT. feat 6. areata stored diva afte fear fever :- (3) ach dared Sale (3) ara dares rare (3) Tete serra oiere (6) arate aga Tacit ae (5) Serres Pater anf Rerors ret (8) wer after.TY Beer> Business Econmemics March 20f2_ Peper Con. 02 &(a)-12. (REVISED COURSE-NEW PATTERN) BM-1176 (ew-r176-1177) (2 Hours) [Total Marks : 60 1 |) All questions are compulsory. (2) Figures to the right indicate marks. (@)_ Explain the tems on the Assets and Liabilties in the balance sheet of a Commercial bank. OR (b) Examine the causes for the increase in public expenditure in India in recent times. (a) Explain RBI's short term liquidity management. (b) Give an account of the performance of SHGs in India, OR (©) Explain the components of unorganised sector of the money market in India. (0) Discuss the significance of the capital market in economic development. (a) Explain the structure of the balance of payments. (0) Discuss the limitations of the Purchasing Power Parity theory. OR (c) Explain the monetary measures to correct disequilibrium in the balance of payments. (d) Write @ note on the functions and dealers of the foreign exchange market. (A) State whether the folowing statements are True or False with reasons (any Four) -~ ())_ Sound banking practices imply balancing the conflicting objectives of liquidity and profitability, (ii) Micro-finance is an important tool for helping the rich farmers to avail of agricultural credit. (i) There is no integration between the organised and unorganised sectors of the money market (iv) External debt creates more burden than internal debt. (V)_ The higher the difference in cost ratios, the greater will be the gains from international trade. (vi) In managed exchange rate system, the Central Bank intervenes to bring the required stability in the exchange rate. (8) Choose the correct answer and rewrite the statements (any Seven) :~ (i) Which of the following is not an asset of a commercial bank ? (a) Borrowings (b) Loans and advances (c) Money at call and short notice (d) Investment in securities. (i) The most important indicator of the financial soundness of banks is~ (a) Cash reserve ratio (b) Capital Adequacy ratio (6) Statutory liquidity ratio (a) None of the above. (il) The method for absorbing liquidity ofthe financial system in the post reform period is known as~ (2) Capital adequacy norms (b) Market stabilisation scheme {e) Direct action (d)_ None of the above. 15 15 Neen vo xe [TURN OVERPe Esa. ar 12 2 Con. 002-BM-1176-12. 2 (iv) Ww) wi wi) witiy &) ) xi) Composite loans are given to meet the following requirements of a unit (a) To meet working capital requirements and buying fixed assets (b) For meeting working capital requirements (©) Buying fixed assets (d)_ None of the above Which of the following is a part of the organised sector of Indian money market ? (@) Indigenous bankers (b) Loan companies (©) Call money market (d) Money Lenders. Capital market is a market for- (a) Short term funds (b) Long term funds (c) Medium term funds (d) Medium and long term funds. Public expenditure on interest payments is a part of ~ (a) Development expenditure (b) Non-development expenditure (©) Capital expenditure (@) None of the above. External loans are raised from— (a) 1DBI (b) IMF (c) RBI (@) WTO GATS stands for- (a) General Agreement on Transport and Service (b) General Agreement on Tariff and Services (c) General Agreement on Trade in Services (d) None of the above. Unilateral flows in the balance of payment account refer to- (a) Capital flows (b) Visible goods flows (0) Invisible flow of services (d) Gifts and grants. Which of the following is not a function of the foreign exchange market ? (a) Transfer of purchasing power (b) Provision of credit instruments and credit (c) Coverage of risk (a) Import and export of goods and services. Purchasing Power Parity Theory was propounded by— (a) Adam Smith (0) Gustav Cassel (©) David Ricardo (d) None of the above.PH Bam. March 123 Con. 002-BM-1176-12. 3 (aadt erie) wer: (8) wdua afata area. (2) suede sie yo aefftara. . (a) saent dare aadeariie Ae (Assets) aftr Raa (Liabilities) Wea ETE wT. & ‘feat (@) crane afeasen aanie adafte water acter arora we a. & 2. (@) Reng 433 stead See BE aT. “ (@) arate w-aera Ter arf aie. » fear (&) sida art arate steiadia dart wea ere ART. (3) ans Reredie sisas arate weal aT “ 2. (@) Saereteret Ta ee eH. “ (@) sane oa Rraiaren wafaich wal ea. » fen (&) series sande gerd earardl wife sar HE BT. “ (e) fateh ia arose ard ort carer aise aa fever. » ve. (31) rater Per ae A ata | Tere ai (woe aR) — ‘ (8) ae (2) oe ir ae el w Ramtec or om (3) Garantie dada @ aaiadia dart GereataT aa STR. (e) sierfer aratter afta eat area aK Pato ear. (4) wed gees see Freer ret rater Rar faeces SATE STM TET wes. (8) Prife faPma = vate fafa ce sree ef srowarardt Herat fa wey Ft. (a) hea seer Peres errr Fro rar Arr (ato Ta) — ® (8) arettesteht store serene Sst aren art 7 (a) stat (@) ast anf safe (&) sea Gat oath ara aT ® aso. [TURN OVER— — PH aman 2 & Gon 003-SM-1176-2. 4 (2) deter gatater aera ais eT Te (a) terete we (@) Sere tere (@)_isag wae (Adequacy) sar (8) aiateht uae are. (a) garerriacom srarcics eta ereeditte eae eter vex FEMS (a) vate steaes ware get (a) wea aren (2) ara Bren tet (=) stat eat ae. (6) ---------- Saree ne anoareTst Sie ae fect sar. (a) arg sisaeret pier onftr fate Hat wth (@) aa vicar far (@) Recreate (3) meteor eo aT. (4) seta gar araeroar adhe Sara rate are BTA Bt 7 (1) wrtate tat (@) are RT A @) wae (8) waeR. ‘ ~ area STAR STE (a) sever Fie (&) wean yea Pet (3) atareta Pt (z) ew snfir def ges Pr (0), eas Qoaratis erate wel er sect — (a) Para at (=) wisest wt (@) fare Rare at (8) aero a aT, (0) are aa atom Beet ToT (a) ste stele: fame des) feed ate oats Sear (=) secarger are Fas (2) fea care daen. (8) Fea. (@) seg anh Rais mT (w) sMINPNaR eat AHI AT (@) ware anf Saree aT ARR (B) tebe Cet ATE. (Re) Saaerette arsaarattes Terral rare FETS (a) sieaw vere (a) Galen sre sare (@) PAs (8) torn anf ager. (88) ardtatest ated fateh fafa Tate ard are 7 (a) ward re (#) RS st et (@) weaned oni aa ae (8) aq anf Reha sre air Reta, (92) wat wa fears a Hise (a) sien fee (a) fies ere @ Write (3) aerate weet aT.5 _ Con. 02 (a)}-12. (REVISED COURSE) BM-1177 {OLD PATTERN) (3 Hours) [Total Marks : 100 N.B.: (1) Attempt any five questions, with a minimum of two questions from each Section. (2) Figures to the right indicate full marks. (3) Answers to both Sections should be written in the same answer books, Section | “4. (@) Examine the trade-off between a bank's objectives of Liquidity and Profitability. 10 (©) Discuss the new technologies introduced in banking in India, 10 2. (a) Discuss RBI's short term liquidity management. 10 (©) Explain the role of SHG as an instrument of micro finance. 10 3. (a) Examine the features of Indian money market. 10 (0) Explain the importance of Mutual Funds. 10 4, Write notes on any two of the following :— 20 (@) Indicators of performance of banks (b) Recent changes in RBI's monetary policy (©) Unorganised sector of Indian money market, (¢) Role of SEBI. Section Il 5. Critically evaluate FRBM Act, 2003. 20 6. (a) Explain the structure of Balance of Payments. 10 (©) Analyse the trend in India's Balance of Payments since 1991 10 7. (@) Explain and distinguish spot and forward exchange rate. 10 (©) Explain Purchasing Power Parity theory. 10 8 Write notes on any two of the following :— 20 (a) Causes for the growth of public expenditure (©) Types of public debt (©) Gains from International Trade (@) RBI and Exchange Rate Management. [ TURNOVERFimeaecel Mecauontiay au-1077-1078 con. 332 8 (0-12. TBE Pudliting — Paper ae (REVISED COURSE)-NEW PATTERN nach 20/2, (2 Hours) [Total Marks : 60 (1). Allquestions are compulsory. (2) Figures to the right indicate full marks allotted to the question (3) Working notes should form part of your answer. rended 15 1. Following details are furnished by NY Lid. of Expenses incurred during the yé 81st March, 2011. e BAT 500 [Opening Stock of frished goods (2000 Unis) Directors Fees. indirect Wages pairs to office Toriure Works Managers Salary [Showroom expenses: Depreciation on computer ngiveot Materials Depreciation on Plant and Machine Advertisements Office Salary Direct Wages Direot ati Direct Expenses losing stock offi Other information : (1) Closing stock of finished goods to be valued at cost of production (2). Profit desired on sales is 20%. (3)__Number of units sold during the year was 25,000. Propare Cost Sheet showing the various elements of cost both in total and per unit and ‘also find out the total profit and per unit profit for the year ended 31st March, 2011 ‘OR 1. Mohan construction Pvt, Lid. Obtained two contracts viz Angel and Paradise. Contract 15 ‘Angel commenced on tst October, 2010 and Contract Paradise stariad on 1st December, 2010, Following information was extracted from their books forthe period ended 31st March, 201 1. fod goods (000 Unis) Particular Gonietangel__[onieetPareion Contra Pres 500.560 500.505, Gash Received. ¥4,00.000, 7,65,000 Plant issued at commencement 72.00.000 ‘Work Cerifed §,00,000 ‘Work Unceriie, 28,000. Direct Wages T7500 Direct Expenses 38.700, ‘Supervision Charges 22,500, ‘Administrative Overneads T7500. ‘Sub- Contract Charges. 4200 Electricity Charges. I 28.600) Architect fs 27.000. indirect Matera 63,600 Direct Materials E 358,000} 797.200 Direct Material Returned to sores 4,900 72.000 Dict Maral al sito al tne ond of peed 7000 42000.Con, 332-BM-1077-12. 2 Other information : (1) On 15th December, 2010 Direct material costing & 22,000 have been transferred to contract Paradise from contract Angel. (2) On2ist February, 2011 Indirect Material costing €15,000 have been transferred from contract Paradise to contract Angel (3) Provide depreciation @ 20% p.a. on the original cost of plant. ‘You are required to prepare Contract Angel A/c and Contract Paradise Alc. for the period ended 31 st March, 2011 2. Unique Ltd. Provides you the following information for the month of March, 2011 about its process X,Y and Z. Particulars Process x] Process-V] Process Tadic Raw Material mroduced (Units) 20,000- 4020) “3740, ‘Cost of Basic Raw Material Per Unit) 2a 2 z Teabour Gharges (®) 343500] 293,700 | 244,800 ‘Sundry Materials (€) 755,700] —1,00.160 | 69,480 Factory Overneads| ‘iS of Basie [ot Labour [FOR of Labour Raw Matenal | Charges | Charges. ‘Normals (on ta ruriber of uns nos). e Se 7 ‘Serap value per unit), 2 5 a ‘Output transfer to the next process () 7% Bo = ‘Output sold atthe end ofthe process (%) 30% 0%, Tot ‘Selling Price per Unit of Output sold (2) S ra 110) Prepare Process Accounts. oR 2. (a). From the following information -— ‘Variable cost per Unit € 19.20 (60% of Selling price per uit) and Fixed cost € 1,586,052 Calculate: (1) Profit Volume Ratio. (2). Break Even Sales in units (3). Margin of Safety in units when sales is 16,000 units. (4) Sales to eam profit of € 84,096, (0) From the following information Caleulate — (1) Material Cost variance (2) Material Price Variance (3)_ Material Usage Variance. Standard for 15 units of Product-X Matorial-60 Ko, Standard Rate per Unit- © 16 ‘Actual Production - 18,000 units ‘Actual Material used - 7,600 Kgs. Actual Rate per Kg, -€ 4.10. 3. (a) Whatis continuous Audit ? What are its advantages and disadvantages ? {©) How would you vouch the following ? (i) Recovery of Bad debts wniten off (i) Postage and courier. oR 3. (a) Explain the provisions of Companies Act, 1956 regarding appointment of a company ‘Auditor in detail (b) What is an Audit Note Book ? What are its contents ?Con. 332-BM-1077-12. 3 4. (@) Select the most appropriate option and rewrite the full sentence. a (1) Secret resarves are shown on ‘= Assets side of Balance Sheat Credit side of trading account + Liabilities side of Balance Sheet ‘¢None of the above (2) Internal check is the special arrangement of. ‘Statutory Audit ‘Interim Audit Book keeping routine ‘Allof te above (8) Stock of goods on consignment should be valued at * Invoice Price Cost Price * Cost or realizable value whichever is lower # None of the above (4) st an error of commission, + Mathematical Evor + Compensating Eror + Posing Evror {None of the above (5) Telaphone charges should be examine onthe basi of + Cash memo + Aoreomentithlaphone deparment ‘Telephone Bl Alo the above (6) "may sit casual vacancy which arises dus to resignation ofan auditor. + Board of Directors * Central Government 1 Shareholders + Registrar ofthe company (7) The Autor examines Bil of Lading inorder to vouch «Sales witin the State * Sales outside the Country 1 Sales outside the Sate tAllof the above ° s5et, Which isnot subject to physical vericaton sash + Debtors + Steck * Fumi (b) State whether the folowing statements aro True or False. 7 (1) Internal Auditor can be appointment by the management (2) While checking dividend received auditor should check dividend warrant. (3) Systematic selection method of sampling is also known as interval sampling, (4) An Error of Principle will not affect the Trial Balance, (5) Audit plan should be primarily based on knowledge of clients business. (6) Compliance procedures are the steps taken to obtain the evidence regarding internal contro (7). Verification protects against misuse of assets. oR 4. (a) Match the following column and rewrite. 8 Column “AT Column 6 (1) Contiemation “= Canbe removed without prior approvalof Cental Government (2) Window Dressing ‘The work begins after the end of accounting year (3) First Auditor ‘From auditor to management about internal control (4) Continuous Audit ‘+ Making less provision for Bad debts (5) Cash payments excaeds @ 5,000 | « A technique of Audit (6) Aperson whois parinerofan__| « The work begins in the accounting year it self offce ofthe com pany * Signature of authorized official on Revenue Stamp (7) Concurrent Auait * One of the disqualitications for an appointment of auditor (8) Letter of weakness of the company. ‘* Sigature of a payee on Revenue Stamp ‘# Similar to internal Audit [TURN OVERCon. 332-BM-1077-12. 4 (b)_ Fill in the blanks with most appropriate word and rewrite the sentence. 7 a) (2) @) (4) ©) (6) (7) Pay rollis an example of document. means checking less than 100% of the transactions. —Contro! aims to ensure that the business is conducted in an efficient manner. ‘The Auditor of Government Company is appointed by ___error is an error in totaling, Negative working capital indicate that an entity is not a _ = Mortgage means a_ ‘on immovable property to secure a debt. (mere Bare) (afer areata) sen rept Q aa) (oem TH: 60 aon (1) ad ow afar ona, (2) sates siege cifras. (a) gered cre arrears 82 eRTaT uMT AFTOT aks. (e) taste wa age HFTRa, 2. are, Foe at wT, 2088 Ta HoT aalcte erate mel arom ame == % aavite ra Ta aaa wT TweK0e ara WIPAIAT (Roos FA) | vBo,0v0 Taree Te Ti9% 900 ra a Rist, 300 waite sea Ge Yet, 99e a SEATS WT T.te,900 ir ed teskeashe rarely aT Bteteo Sa PRIA wna eat aT ,99,t00 sates art CEERI ated ome PRIA wear Tastee Ta 2Z,22,00 saa at ¥, 36 boo ikea a Wa (Foes FA) z gar arth (3) We more srdcea oer eae TereaToN aor FS se, (2), 71 Pasar 20% sitters am. (3) Um 2,000 a aT aia Prd 3, vor rm care ae fas aR TAT Map tea af wor a ET T= fam rr re, fenCon. 332-BM-1077-12. 5 the erage fe. aa dee tas afr ae rang ee ata eae rae, ae oro a 8 Wear ¢ steer, toto dat Aah a dare rede seh Gear ¢ fediat, 2of0 a ch cares mit at are, 20% toh oa aeration ar RT Soares aT wt ma ee e,00,088 Taro0,00 Yaw fra T,00,000 85,008 waa wate (Gata) BBhoje0e TRee,e0e sen rt Wevhove0e $28,000 Ser URe0e 3,000 eT Trsveoe Tvo,r60 sere Gee Roe 26,980 Whee oe Wao Rss veretia aire FozHeo To he waa ae Te000 We eo aad ¥e,c00 Rho agree Te aes 39,000 ee a Tyw,e0 Zico ea are 50,000 T ke, Ro0 re as ws we aA Bove BRe0e arcren Brant arora Weare ASAT 2,88 Yee gar arte (2) Rae, Zone ta dare Dawaras dare rar’ ©. 22,000 Ftdtar seer es wor Se (2) 20 gant, 208 tal cone dering Hares s, (hooe Attar seat Te after se (3) seiarea ap fai xt as 20% AH TAT AOE 20 ar, 2088 af dade arenes are de on are renga ae ar 2. are. a fran wae. ara, ont ae acest ae ard, Rota mnfedt acts want fase ome. 8 wef safieer “eae | steer “ara” [fave “ie” reir arent are sea wren Reje08 aco Bowe wratires soon arora fara wet 7 (.) Ea Re R wat ea (6) a, Trzwee | Vevicoo fecha are BTA (®.) 44,990 8,900,280 C8KCO ‘ear sae Tee aeon paaa eaten pa water FIST ¥0% x0% ¥o% aaa are % w% o% (ainita wales EH eT %) wits ea wee (8) @ te m ‘yerren geen what ware (%) 3% oH = ‘Whatrem wad Seared Fares (%) 30% ¥o% Root aA fea wah a ue Re sfipar ere aa a. fer [TURN OVERCon. 332-BM-1077-12. 6 2. (a) anette after arent ~~ “ weer afters wife ame, 4%-20 (fea Pach Remetrear 60%) carftr flee afters &. ¢,46,082, parr: (%) a1 / ATER IITA. (2) ae at ater ae (2) fanaa eer ame; FA 42,000 am ate a. (2) Fars, 0,088 frafavarad snare Fast (2) arches saftttom arent ater t () we sfemte we (3) re fomtitte oes (3) ae argadtes Hee. ae ae 4 a AT RE UA - ¢0 PRA. wm wR AM - ¥, 2 area Te - t¢,000 FT areafing HTT ATE - vt, koe A. areata = ft fs. T. - #. wt0 2. (a) Wah fetta aera rem era 7 fa ee he aE A oe 7 ‘ (@) arte ahd sar a a0 7 (2) sade Sea aa ahh TESA ’ (Q). dea satin tar, , fer 2. (a) feta aartaran Seopa ra, Aue met aC wae FE ‘ (2) Resta eae eo arr? ras tor 7 « % (@) eee ee ‘ «) wae wea ita, @) ee 3S ae, oa fers + pt flan aah fm eo» 1 oka sinh a| eal AP tA Umbine mae 4077 ANTR Con. 332-BM-1077-12. 7 (8) tte amrenterea trem tert Aer fer rare «Harem ew + ta wor oar 2 och dah oftrent (9) ore mag erect frame rr oa ale at cient o tnetiis fata = ceraittis Pa + atatA water 2) "a TA ee rae 8 ae sae oma = meat oo (9) artes ru en fear rarer ot # wim = ° (4). Serta fits sorte ros: oracay ee area, (2), arvia Reet are rar frre’ oman ater werent ch ea (a) sect sag fers atten ices se Fre wa at Fema (Ce) mnfrae eeyS ttt aera vftona ee are. (4x). tera starr et mgee werareon zener ara sea Sr (6) ween abi er siete frézerags ra fafierenston en aa. (9) Rouen rea eras Hera TH ‘fear (1) Stes era a er fe =~ c waa wag () ata 2 be ecrcon We verter aes ars a, (2) wae warae (3) 3am faite eereotte (6) ae fete (4) S000 %, San arte Tair deft src (8) wizaron aifesrarar urfee (9) eared festa sareroft (2) Bram feet meet (a) Str were fearear sem wet are oper fore === e (8) aaee eT UST TR. (2) BraerTt 2.009% Bam at ara aA Re ~ (a) secure erred sto stead arf 8 wr (Ce) ard secre fst reese Sere ~ (4) or a ate a ome (5) sit are tens sch een oo ace a (9) mam rem wae yer se aromas [TURN OVERCon. 332(a)-12. 8 BM-1078 (REVISED COURSE)— OLD PATTERN (3 Hours) [Total Marks : 100 N.B.: (1) Question No. 1,2 and7 are compulsory and answer any two from the remaining of ‘each section. (2) Figures to tho right indicate full marks allotted to the question. (8) Working notes wherever necessary should form part of your answer. (4) Answer both the sections in the same answor book Section | 1. (a) What is continuous Audit ? What are its advantages and disadvantages ? 8 (b) How would you vouch the following ? (1) Recovery of Bad debts written oft 3 (2) Postage and courier. i 2 (a) Select the most appropriate option and rewrite the full sentence. 6 (1) Secret reserves are shown on. F ‘© Assels side of Balance Sheat * Credit side of trading account ‘Liabilities side of Balance Sect» None of the above (2) Internal check is the special arrangement of ‘Statutory Audit «Interim Audi ‘= Book kaeping routine ‘All ofthe above (8) Stock of goods on consignment should be valued at ‘ Invoice Price * Cost Price * Costorreatzable vale whicheverislower «None of thé ove “ Is not an error of commission, * Mathematical Error ‘* Compensating Error + Posting Error ‘© None of the above (6) Telephone charges should be examine on the basis of. ‘© Cash memo ‘= Agreement with telophone department ‘Telephone Bil! *Allof the ebove (6) ___ may fl casual vacancy which arises due to resignation of an auditor. ~ Board of Directore ‘Central Government '* Shareholders « Rogistrar of the company (0) State whether the following statements are True or False. 6 (1) Intemal Auditor can be appointment by the management, (2) While checking dividend recoived auditor should check dividend warrant. (3) Systematic selection method of sampling is also known as interval sampling, (4) An Error of Principle will not effect the Trial Balance, (6) Audit plan should be primarily based on knowledge of clients business, (6) Compliance procedures are the steps taken to obtain the evidence regarding internal control. 3. (@) Explain the term ‘internal Contro!.. What are its objectives ? (b) What are the advantages and disadvantages of auaiting ? 4. (a) Discuss the techniques of Auditing. (©) How would you verily the following ? (1) Secured Loan (2) Spare pars. 5. (a) Explainthe provisions of Companies Act, 1956 regarding appointment ofa company Auditor. {b) What is an Audit Note Book ? What are ite contents ?Con. 332(a)-BM-1078-12. 9 6. Write short Notes on any three of the following :— 2 {a) Internal check (©) Qualifications of a Company Auditor (c) Importance of Vouching (@) Permanent Audit fle (e) Routine Checking Section It 7. Following details are furnished by NY Lid. of Expenses incurred during the year ended 20 3st March, 2011 Particulars ‘As por cost records | As per financial records ® ®@ Salesman salary 6.47,500 647,500 (Opening stock of finshed goods (2000 Units) 7,60,000, 7,60,000 Directors fees 9,73,700 9,73,700 Indirect wages: 9.76,300, 9,75,300, eepairs to office furniture 401,700 401,700 ‘Works Managers Salary 11,94,700 41,94,700 ‘Showroom expenses, 10,68,750 10,68,750 Depreciation on computer 12,12,900 12,12,900 Indirect Materials 7,31,900 7,31,900 Depreciation on Plant and Machinery 477.100 4.77,100 ‘Advertisements 15,33,750, 15,35,000, Office salary 7,91,700. 8,00,000, Direct wages 40,01,000 10,01,000 Direct Materials 16,82.400 18,62.400 Direct Expenses. 4,96,600 4,965,600 Closing stock of finished goods (9000 Units) 2 11,75,000, Preliminary Expenses writen off = 12,500 Rosorve for Bad Debis = 9,500 Interest on investments = 15,600 Sales (25,000 Units) 2 7,62,50,000 Other information : (1) Closing stock of finished goods to be valued at cost of production in cost account. (2) Profit desired on sales is 20% in cost account. Prepare (1) Cost Sheet showing the various elements of cost both in total and per unit and also find out the total profit and per unit profit for the year ended 31 st March, 2011 (2) Financial Profit and Loss Account for the year ended $1 st March, 2011. (8) Statement of Reconciliation of Profit or Loss. [TURN OVER —$—___ -Con. 332(a)}-BM-1078-12, Ww & Mohan construction Pvt. Ltd. Obtained two contracts viz Angel and Paradise. Contract 1 ‘Angel commenced on 1 st October, 2010 and Contract Paradise started on 1st December, 2010. Following information was extracted from their books for the period ended 31st March 2011 Particulars Contract Angel | Contract Paradise @ ®) Contract Price 70,00,000 60,00,000) Gash Received ¥4,00,000 7,65,000 Plant issued at commencement 22,50,000 12,00,000 Work Certified 17,50,000 9,00,000 Work Uncertitied 52,000 28,000 Direct Wages 2,985,000 1,77,500 Direct Expenses 7,36,500 88,700 ‘Supervision Charges 27,500 22,500 Administrative Overheads 2,72,500 747,500 Sub-Contract Charges 63,700 44,200 Electricity Charges 48,800 28,600 Architect fees 52,000 27,000 Indirect Materials 7,47,000 89,800 Direct Materials 3,58,000 7,97,200 Direct Material Retumed to stores 14,000 12,000 Direct Material at site at the end of period 73,000 42,000 Other information : (1) On 15th December, 2010 Direct material costing € 22,000 have been transferred to contract Paradise from contract Angel (2) On2tst February, 2011 Indirect Material costing £15,000 have been transferred from contract Paradise to contract Angel. (3) Provide depreciation @ 20% p.a. on the original cost of plant. You are required to prepare Contract Angel A/c. and Contract Paradise AVc. for the period ended 31 st March, 2011. 9. Unique Ltd. Provides you the following information for the month of March, 2011 about its 15 process X,Y and Z. Particulars Process-X | Process-¥ | _Process-Z Basic Raw Material introduced (Units) 20,000, 4,420 3,740 Cost of Basic Raw Material Per Unit (®) 24 28 2 Labour Charges ®) 343.500| 2.93,700 | 2,44,800 ‘Sundry Materials (2) 1,55.700| __1,00,160. 69,480 Factory Overheads 40% of Basic [40% of Labour] 40% of Labour Raw Material | Charges | Charges ‘Normal Loss (% on total number of unis inputs) Ea 5% Te ‘Sorap value per unit (@) 2 5 2 ‘Output transfer to the next process (%) 70%. 60% = ‘Output sold at the end of the process (%) 30%. 40%. 100% Selling Price per Unit of Output sold (2) S Ey 110 Prepare Process Accounts.Con. 332(a)-BM-1078-12. 1 10, (@) From the following information :— Variable cost per Unit & 19.20 (60% of Selling price per unt) and Fixed cost & 1,56,032. Calculate : (1) Profit Volume Ratio. (2) Break Even Sales in units. (8) Margin of Safety in units when sales is 16,000 units. (4) Salas to eam profit of € 84,096 {0} From the following information Calculate (1), Material Cost variance (2). Material Price Variance (2). Material Usage Variance Standard for 18 units of Product X Material -60 Kg. Standard Rate por Unit-16 ‘Actual Production - 18,000 units ‘Actual Material used - 71,600 Kgs ‘Actual Rate per Kg. -¥ 4.10 11. (a) From the following details, find out profit or loss as per Cost Accounts, Cc Particula = Overabsorption of Administrative overheads 17,500 Income Tax provision in Financial Accounts, 17.400 ‘Overabsarption of Direct Wages 18.500 (Over valuation of opening Stock in Financial Account | 9,600 [Loss as per Financial Accounts 73.500 (&) Calculate Labour variance from the following — (1). Standard Labour hours per unit are 15 Hours (2) Standard Labour Rate per Hour is € 2.50 (3) Actual outputs 8000 units (4) Actual Hours Worked 1,26,000 Hours (8) Actual Rate per Hour is € 2.40 (©) Calculate (1) Profit volume ratio, (2) break even sales and, (2). Sales to earn profits of €1,20,000 from the following Sales - € 16,40,000, variable cost @ 13,12,000 and fixed cost € 2,80,000, [TURN OVERCon, 332(a)-BM-1078-12. 12 | (werd euim) (qaifes sreareren)-opr ampfiier (me) (ee am: 100 eT: (8) et aes t, tw 8 cra onde. tte RE eden Rauch Soca Sr it St ART. (2) srdedts sie yet afta. (2) seererdht cre oreeas arte 82 seer wT ATTY ams, Go) Deh Prati et wore seeafie er (6) tas aw ArT. frm t 2. (3a) ere te ret emt art? fe re suf A ad st? ‘ (@) ante aia sama wa aT 7 (8) sede Sten ae wah ae. ’ (3) Sea ont geen, a % (1) ae sea Feo fe ate Pe ‘ (8) aR” «wader AEN a, © eared Saree aT « waderen ae a, «ata aime ant. (3) sien eee srdhe Pte area m8. . feta acre «sind Reta ae + Praha Sn a « atote wi @) Geen Connie wee occ 3 a mR © ae fi . gofiae Ramesh at ate ae ete a (8) fata anevtaren cetreng’ dont fie fiw ae ~ ° are tes = deme mer 2 ort ate ofeert (2) eres far re fear arte ot & i =~ 6 (4) siete fatareraotearsh dogs arse = aT! (3). arvia Rrarearst ee acorn feta ei see TERA A aa, (3) eet a fre acto sia aa Fee ager Fee. Ce) aie AS Bets ra vt aa aT. (4) feta wer ata ape werToN SreaerON TAT Ta oT (5) -seoren ae wn siete Poa qa RraRtomraéron Ure oi,Con. 332(a)-BM-1078-12. 13 2. (21) it Berm of ign ore we, fet a be ata 7 & (a) feta reo’ woe ota? & (7) fea amano dart ra we 6 (2) arches aria weaves #8 woe 7 (2) meme 3 @) Bm. a 4. () Feta waoaron Semi A ere, ths Meer Te BE TL 6 (a) feta aah stearate 7 ards HR ima Tea 7 6 rst xtreme tre fer feet = R (a) ier wort (@). seit feteamerterst eat (#) sara weet (3) -araverest ftita ore Es (8) ratra-arret fart 2 vo. wa.ara, Recon fess ae ard, Zot da eiomron vides aie fet arcane ze _— vito Sagan | snfite ta gee ait a RA ahaa ore eke Tree “arefear a Wraral Wray (Rove 7H) 9,80,008 Wy8o,000 Haward gee 58,000 $09,800 sae Task, Foe Tyoh,Fee watads ward Gee wot,ue0 | Yok, woo RT SEATS TE Tey ge | RAY oem view od Yoyaaore | tore whe rath Wa TA Reo] ALAR We anene ae Bat, 8e0 wat,kee wa a drenaS wT ¥,89,800 %,90,209 suit ert Teves | eee mated om W800 200,088 wee a To,ot,coe | teyatso0o ea ae Be,cz, woo | RecA, too re ed With, fow %,86, 808 HE TaN TAT Wat (Fore WI) 7 Tshes8 ie Gata ReaT = Rhee aaa wate EE = Tavs Traqaiats ore = Takeo Fa (@i,o00 I) 7 BeBe eee [TURN OVERCon, 332(a)-BM-1078-12. 14 ‘ger wif: (4) sora Senmed sravon war mre’ Haines seeearem aera wa (2) Hr Pata 20% fer om. wan wT: (8). feria 38 ard, 2088 aut oa ea era a afte tora rafamt witera or, (3) Pewee 26 mr, 200% aha fafa ar citer ara, (3). sara geet oe, shes aga fe, aia re hae sah sea Teerfa sieh dx da? flor. are Garon ah U4 Wea ¢ silseat, toto Tal Set a dare Serergaren ware Gara ¢ feta, 20t0 Tal eh. ae safe 3 ari, 202% a dora aeration San Gera Avera ste Ae, ars ‘em ae! | eae ‘drei’ a a Taw fra Wyoe,o08 8,80 wa waits (Gara) 3Bhe,eee ealeeiens ‘aanfora ee e,40,008 300,008 soma a Wa,o0e 008 sea ah Bkhooe Gyu,4oe wea ot Uae heo ca,900 wien ad ee nwo smereita saftarera 292,400 A ¥e,4o0 sree wd 83,00 4,200 faa Ye,c00 Reshoo argh I uRooe Wee surrea aTe @xe,o0e e,c00 saa re ERvartl UtwrRoo yeaa ae wisra Wa aan 3,000 Roos earerom Fearn rerath Near aT Ta ea,oce ¥3,000 Far wife = (2) t4 fain, ote tat dare rear Hires +. 22,000 Frdtar wena a aA oe (2) 22 Begarh, 200% dh dare drantaags dar teed 5, ¢4,000 fetal sea sre rafter am. (3) risren ye fewer eras 209% aa MTA ATER tani, 20¢e dot cinerea areracierd) aoe te sa sare ert are aa,rn 2 Con. 332(a}-BM-1078-12. 15 afew Roa she RAT sn ne we rd, 2 fi ee TE m waite = aa a ae a eta CH) Foesal wre | bee Sag som are Fame eT (F) wl Re ed wea a () Twi neo] Reaves | Bww.cee erates eT) Tamaoe| Rewertee |e rca STRATA ag oem] waa rao | THT reer 20% veh vo Ta 78 we o% (efi ren ep TEN) airs ea wee we (.) a te a are owe wae eee (HY we th = —iea Ha seed Faw (7) am we% | eo [eae Fema a we ate, sian a wee goat) ars saeron R =~ “ aceon fora ft 7% ze (oF a Roh Feta 60) Ft = © ayatser® pha: (4) THT TATE (3) arexer a er fa THA @ ree ar, He FA tee TSE AT (2) aa, £6,088 Farr, cara PH (a). ace seen see FART == » (a) we ates (3) re fmt (2) ae aera 6 ae 5 FeSO A CT seat - £0 Ph eae a FE care ATER = 4,000 qrafree rer aT ~ 08 600 FHL aretaes ofa fH. FHKE 1% oy eee aera en or foe — « aoe ee arate sie owen TOverabsorption) 2 eee, “Tara (Financial Accounts) A rose [ee Satria (Overabeorpion eat get eee a rir (nna Accouis) aps (Ovet auaion) at coounts) Tatra Seema (Financial A [TURN OVERCon. 332(a)-BM-1078-12. 16 (3) arte mafeiaes wae aReoaartes em site :-- (8) arr mag are fe aT 4 ae Tea (2) sere wet a fe ars. 2.40 aT. (2) areafae sre 2,000 aM, (4) areafire sa aa 826,000 aT (4) areafee a wf ar &. 2v0 aT. (%) erates afew :-- (8) o/s ite (3) arte at ater fash anf (2) % %,20,000 71 Peafawarerdt area Fah vier. Fast - %, %8,¥0,000 aaa GRIF. §3,22,000 af FRx Wie %. 2,20,000.(REVISED COURSE - NEW PATTERN) GM-1219 te TYR Com kf Ane. 1228 Regular Students ] (2 Hours ) [Total Marks : 60 APS Dojo N.B.: (1) Only College Students admitted during the year 2011-12 should, attempt this Revised Course (New Pattern) question paper carrying 60 marks, for2 hours duration (2) Figures to the right indicate full marks. 1. Answer any one from the following :~ 15 (@) Explain the needs for exports and discuss the direction of India's export trade since 2000. (©) Define International marketing and explain the Importance of international marketing. Distinguish between tariff and non-tariff barriers. 2. Answer any two from the following :~ 15 (@) Explain factors to be considered in selection of product in overseas market. (>) Explain the role of Commodity Boards. (©) Explain the highlights of Foreign Trade Policy 2009-14. (@) Calculate minimum FOB price from the following :- Also calculate foreign exchange that can be earned taking exchange rate as Rs. 50 equal to US $ 1 Rs. Ex-Factory Cost 78,000 Packing Cost 15,000 ‘Transport Cost 10,000 Contribution to profit @ 10% of FOB Cost. Duty drawback @ 10% of FOB Price, 3. Answer any two from the following :— 15 (a) What is packing credit ? Explain in brief features of pre-shipment finance. (©) Explain in brief the registration procedure in export trade. (6) Write a note on shipping bill. (@) Outline briefly export incentives available to Indian exporters. 4. Answer the following ~ 18 (@)_ Give full-form of the following ~ () EOU (ii) EPC (iil) IRMAC. (iv) LIBOR: () REMC. (0) State whether the following statements are true or false :— () Export Marketing is an engine of economic growth, (ii) Ad-velorum duty is charged on the basis of quantity (iii) Direct exporting helps more than indirect exports to earn goodwill for exporter. (iv) In India, Commercial Banks do not provide non-fund based assistance to exporters, (V) Commercial invoice and consular invoice are issued by same authority (©) Match the following :— Group ‘A’ Group ‘B’ () FOB (@)_ No profit no loss stage (ii) Mate's Receipt (b) Financial guarantees (ii) BEP (©) Quality certification (iv) EXIM Bank (@)_ Issued by Assistant to captain () ISO (e) Basic price ()) Issued by customs Authority(quifes srearean - Adis tet) Prater Prereatardt + (aa) (Bae TT: Go eer: (4) Shatin af 208R- 02 mea der Sader Rroreatt Gute orem Go got x aT we-ofter stead (2) sadiete si yw ears, (3) Gah setae wee Fr 2. area aloe ge eT’ see et = & (a1) Pe eran star aT, fsa fe (=F Rows Het), A A aH. (x) ieee aro eae ge ee a, ear hes ET 3. erethel aheaeh B serit se et == on (a) eta arated seafarers. . (a) weg sear after ara fader eT. () ‘Rete-omee ter 2o09- tie eR Hew’ faa wT, (z) arctesaftctom sr ears wg. a a Far ttre etoatned rar, Re aC, 40 /~ wasted wa = aware (Ex-Factory ) 4 94,000/- aad xaoee/- ange wt g0,000/- FHT. ah, wfereM to%, BRGTAIAT UR. ah. ah Fee to%. 8 acest arora Bra weet et oer = tu (at) Praag eat denrerdtar sreigerar Ferd ar? Tart afre ala a. (@). Prafetsh stew sardiras widear fever. (%) Rar fear :~ ‘ster ae’. (3) seta Peaicreriar orators Pats here rere tse SSI Sait aia TERI aT ves meat ae = 4 (33) arcs tre ee’ apt fs = (x) 28g. (EOU) (3) txt. (EPC) (a) srasnemceat. (IRMAC) (x) t.2ra.2.34.39R, (LIBOR) (4) _ameefixaat. (ROMC). (a) erctes rare yw A ata Peet (8) Prafe-faaort & ores faerere erent sre. (3) AeT-aefa (Ad-velorum) a aeqtetat seer are. (2) sere Pa sens fie Feierers areetes ft ser safes eT wa. (o6) _srretta savant as Faferrerer Preeti area ar area. (5) Sara Res a acter Reser war safer FR TATA. (&) ares steer ret = ‘ame ‘ame (8) agai. (a) aeener ar-ater Feet (3) staat (Mate's) we (a) Pree (3) rede fig (BEP) (&) eat waa (2) srara-Frafa te: (=) sera se Aa (4) siveendte carrera sittiarerert (3) yes veg fr (6) Rronges sifterraregs ae ea.Con. 187 (a}-12. 3 BM-1219 (REVISED COURSE - OLD PATTERN) Regular Students ] (2% Hours ) [Total Marks : 80 IDOL Students ] (3 Hours ) [Total Marks : 100 N.B. : (1) Only College Students admitted during the year 2010-11, should attempt Section I for 80 marks, 2¥% hours duration. (2) Students of IDOL admitted during the year 2011-12, should attempt Section | and Section Il for 100 marks, 3 hours duration. (8) Figures to the right indicate full marks. Section | 1. Explain the following terms/concepts in about 90 words (any elght) : (@) Ad Valorem Duty (0) Back to Back Letter of Credit (9) Dumping (@ Composition of Exports (@ sez () Trading Bloc @ TRIMS (h) Proforma Invoice (Export Price (Let Ship Order (&) Forfaiting Scheme (). Give the full form of () GATT, 16 MMTC. 2. Answer any two from the following -— 16 (a) What is export marketing ?. Explain its features. (©) Explain the services export trade of India. (©) Desoribe the features of international marketing. (0) Write note on ‘WTO’ 3. Answer any two from the following := 16 (@) Explain the product planning strategies for exports. (b) Enumerate the functions of Federation of Indian Export Organisations. (©) Discuss the role of indian Institute of Packaging. (d) Explain the highlights of FTP 2009-14. 4, Answer any two from the following -— 16 (a) From the following data calculate minimum FOB price and the price to be quoted in US dollars if 1 US $ = Rs. 5 Ex-factory cost Rs. 15,000 Cost of Labour Rs. 2,000 Loading expenses Rs. 2,000 Packing charges Rs. 3,000 Profit earned 10% of FOB Cost. Duty Drawback 10% on FOB Price,tor (arene remtes 7 () Read the case and answer the following questions :~ ‘TATAs are planning for export market expansion for ‘Nano’ beyond Sri Lanka and Nepal. Tata Motors plans to enter new global markets such as Thailand, ‘Myanmar, Indonesia and Bangladesh with the ‘Nano’, in the small car segment. The company plans to invest Rs. 3000 crores on capacity expansion and various product development activities in the next financial year. The company is also working on a different version of the Nano for launch in the European Market. The car would have to probably feature different emission and safety specifications for the European Market. Nano is uniquely placed in the affordable car category in India and in the world market. Tata's will have to strengthen its brand in the export markets. () Explain the steps in new product development process to be undertaken by TATAs for the European Market. (li) Suggest a channel of distribution to be adopted by TATAs for exports. (©) Distinguish between FOB and CIF Price. (@) Explain the role of ECGC in export financing. 5. Answer any two from the following 16 (a) Explain the Registration formalities of the export procedure. (b) Discuss the procedure for realisation of export proceeds. (c) State the incentives available to Indian exporter. (d) What is the importance of :- (i) Mates Receipt, (ii) Certificate of Origin. Section Il [N.B. :~ Only for Students of IDOL admitted in 2011-12] 6. Write notes on any four of the following :— (@) FOB Quotation (b) Tariff barriers (©) Indian Council of Arbitration _(d) Deemed Exports (e) Direct Exporting () SIDBI. 20 ( wadt wai ) (gent smear - gat def) Franti feraveafarct ) (3th ae) (CaRT gt: co Ra gee sees dete aeafars ) (2 a7) ( BRT TM: Foo EAT: () altos af 2oNo-kg WEA nae dade Perea quite sremrERMTAERE AMT t, Co go 2 a oraiet ner-after Beard, (2) Ba Tat Herat Sette Preah Gr WRk-2oRY wed wae dase frees fu ¢ a Rout RH too 3 Ter seT-ofter asa (a) series sis oh yet wee. ‘fart § arate ean twee ere =r (sre Sara) (rect TER Be eR) =~ a6 (a) Rafi sare (a) suite wav (&) steed yeaa (3) uredta Bate ca @) aa (3) emer (1) ra (TRIMs ) (8) sre fare (a) Prata Sere (2) Bz fim atéCon, 187 (a}-BM-1219-12. 5 3. tacts rere at sent Tt Pe = a (21) Fra Fora rea ae? ear APR en. (a) saaren dan frata oar ere A. () siccegia Fora fe 7H =. (3). srawera ae feet + ana sare Hem, 8. earstestehh storeae Sta seat set ret =~ ae (ai) Prafterd) re, Prior ster ania a. (a) Sater ate eater wats siete (FIFO) of ard ere aa, (@) dar seg site Paferh ta Paee a. (B) oo-2o08 a Fateh waar HoT Saw BR wT. , eratetehh sre eer seat a st ae (3%) ears safer set ta ae. OF HR sles TT (fafirra a § Slew = Ge BFA) seer BR thove Rove are eave od B. %ooe ast od F008 are freer ws. sit, at, wezeMT 80% arGEaTA Us. sia, FAO 49%. (a) arches Fe ares weit ae fore “crenata ae arats cian a eraser af arate ars ere Bere a8 zret teeta at sheen srerersntoa Favre aerfees ara IS, PAT, GST a are a Sarge enn roar ator STA, ATHY Boo A aise ae Prefer Tee armen ardron ats Sra STE. goer hase ae wae reese ee eco atT OTe. Fre ara a artis arated ws abr ere Aree al aM’. rer ahr k TeAICA ‘Rafdtard) afte eretar ward arte, (&) ‘renk ete rarer Tarr aware Ta Sea Pare aawte wera TS saed TRS 7 (3) zen acest are rer erat eect ea, GHA PTE AT, (#) Wy. 98. fh. aah, ona, UR, feminism TIE FT. (3) ras sndgeranra fafa oa 3 wt erfearst wf ere U ce ae serene Oe eit sek fore = v (31) Fafa Faoorree tet rd ero sree tee ahs = (3) fata fara get arch fet | (a) sede Prafererren Presorean Frater afar (3) adie Serenata ee Bim (a) suamrareh cree, (2) RLS HOTA, ‘frat 2 (ager = Baws Ba Gat sre eA 30g g- 22 aT ae ater Freneaters}) , erettestht stored area foe fereT :- z (3) ward areas (@) we. of a, Fam a (@) sre are Hess (3) dura fia 2 eeer ute. ° bM-1220 (OLD CouRSE) Regular Students ] (2% Hours ) [Total Marks : 80 IDOL Students ] (3 Hours ) [Total Marks : 100 N.B.: (1) College Students admitted during the year 2006-07 and thereafter upto 2009-10 should attempt Section | only carrying 80 marks for 2¥ hours duration. (2) All Students of IDOL admitted upto the year 2010-11 should attempt Section Land Section I, carrying 100 marks for 3 hours duration. (3) Figures to the right indicate full marks. Section | 1. Explain the following terms/concepts in about 30 words (any eight) — \¢ (a) Break Even Point (b) CIF Quotation (©) Letter of Creait () Commercial Invoice (e) Product Life Cycle (f) Prohibited Items (9) Objectives of Trading Bloc (h) OGL () Packing Credit () GATS (&)_ IEC Number (Give the full form of (i) FIEO, (i) IIFT. 2. Answer any two from the following :— \6 (a) Distinguish between Domestic marketing and export marketing. (b) Explain the direction of India’s Export Trade. (c) Explain the implications of WTO on international marketing, (4) Write a note on ‘ASEAN’. 3. Answer any two from the following :— NG (a) What are the merits and demerits of Indirect exporting ? () Explain the functions of Export Promotion Councils, (©) Write a note on Star Export Houses. (d) What are the implications of Foreign Trade Policy ? 6 4. Answer any two from the following (a) Briefly explain various pricing strategies. (b) Explain the features of Post-Shipment Finance. (©) Discuss the role of SIDBI in export promotion. (d) From the following data, calculate the minimum FOB price to be quoted by an exporter in US dollars, if 1 US $ = Rs. 40. Material Cost Rs. 1,40,000 Labour Cost Rs. 60,000 Local Transportation Rs. 8,000 Other Expenses Rs. 2,000 Profit Contribution 20% of FOB Cost5. Answer any two from the following {@) Discuss the role of Custom House Agents. (©) Explain in detail the Post-Shipment Procedure. (©) Explain any four incentives available to indian exporter, (8) Bring out the importance of the following () Certificate of Origin (i) Mates Receipt. 16 Section I! 8. Write notes on any four of the following ;~ 20 (@) Role of Commercial Banks (©) Customs and Shipping Formalitios (6) Indian Institute of Packaging (@) SAARC (©) Pricing Quotations (9 Product Positioning in Overseas Market (708 sree ) (or Tarr) Frente Puveaferst ) (34) 7) Capra: WE Ge sores Geter fener): (9 me) CRET TT: too AT: (¢) Hatin wiRook-ow snr mia 2o08-t0 ‘ia we Sedear Reemeaterst rae ante, Ge pind er-after ores Bas 2, a arte, ©) Wa yee sere geben ay Rok o-k8 wea waa Sate Remedi Ream ¢ a from mito mer aster stead, 1 Reamer erate too ait aga ser ora ET 2 oT ae. (2) sacs ai gah ar acer, (2) 5 toot wer oe ara, $ret shares eeu (area Ter Yo) (Fa) = 6 (31) wader fi, (3) fer Para m8 fitter (cir) () 90 (2) arnt fae (@) Faster (8) Pedtaaraeg, (7) aid rere 362 (8) si ah. we (3) sith af (2) eq 2. rte sre a mesic seit fre: 6 (3) aufte ear anc’ aera serrate Hk fo ee, (5) ewan ay fear ura (ASEAN).Con. 187 (b)-BM-1220-12. 8 3. rch oreeh eaich aitFer = (2) ave aisha wed ade ee a, (3). Frale gahsisaret ar fee, (tear éin fen :~ cist Fafa Te (8) sere ff car eo feo fee. x, areata wloeneh ah ee at ee (31) Frafa ra axftoare rial eh ere a. (@). Fraletriocom orga Af im, () Rake gates asain Rene src afi ere a, (8) arcs saectton aretha, Fa sata stone ar, (& US § = vo Bud) ear are fie %, ky¥o,900 wat FB &e,000 waheaeae coco wat = uscd saver fea 20% Te.sH. a Tea PUTRI 4% TH.sit A. Fema, 4. erctistsh stored ae weit st Reser (31) sere 7e ceoreret yf ere wT, (3) Serer ae Keariacen fata erivedia avi ar, (%) seta Frafeereiat Fran stream ae Pie ser = ere tse aia a, (S) arches errenaia were fore :~ (8) Fe 3 aT (3) sear orf. fen 3 (ae = aa a BAH SE ato Fraveatersh) 4. earctiesta arora area fe fever =~ (si) Prafcercettcs sare aftr (@) drape a sere anita (m) wie aes wenisas (&) ark (SAARC) (8). Fafa errs eenfierForetre eet (8) sting Faraone aq afer.