[4763]301 - Savitribai Phule Pune Univer 2014/TY BCOM... · [4763]-301 2 3. (A) Explain in detail...

download [4763]301 - Savitribai Phule Pune Univer 2014/TY BCOM... · [4763]-301 2 3. (A) Explain in detail the

of 154

  • date post

    28-Aug-2018
  • Category

    Documents

  • view

    212
  • download

    0

Embed Size (px)

Transcript of [4763]301 - Savitribai Phule Pune Univer 2014/TY BCOM... · [4763]-301 2 3. (A) Explain in detail...

  • Total No. of Questions5] [Total No. of Printed Pages4

    Seat

    No. [4763]-301

    T.Y. B.Com. EXAMINATION, 2015

    BUSINESS REGULATORY FRAMEWORK (M. LAW)

    (2008 PATTERN)

    Time : Three Hours Maximum Marks : 80

    N.B. : (i) All questions are compulsory.

    (ii) Figures to the right indicate full marks.

    1. What is Acceptance of Proposal ? Explain in detail the legal rules

    for Acceptance of Proposal. [16]

    2. Define the terms Conditions and Warranties. Explain in detail the

    implied conditions and warranties. [16]

    Or

    What do you mean by Contract of Bailment ? Explain the rights

    and duties of Bailor. [16]

    P.T.O.

  • [4763]-301 2

    3. (A) Explain in detail the salient features of Consumer Protection

    Act, 1986. [8]

    (B) Explain the rights and responsibilities of Patentee. [8]

    Or

    (A) Explain the objectives and activities of World Intellectual Property

    Organisation (WIPO). [8]

    (B) What is Copyrights ? State the characteristics of copyrights

    and rights of copyrightholders. [8]

    4. What is Negotiable Instruments ? Explain the essentials of Promissory

    Note, Bill of Exchange and Cheque. [16]

    5. Write short notes (any two) : [16]

    (a) Powers and Duties of Arbitrator

    (b) Digital Signature

    (c) Importance of E-commerce

    (d) Consumer Protection Councils.

  • [4763]-301 3 P.T.O.

    (ejkBh :ikarj)

    os % rhu rkl ,dw .k xq.k % 80

    lwpuk : (i) loZ izu lksMfo.ks vko;d vkgs-

    (ii) mtohdMh vad iw.kZ xq.k nkZforkr-

    (iii) lanHkkZlkBh ew baxzth iz'uif=dk igkoh-

    1. ^izLrkokph fLorh* Eg.kts dk; \ izLrko fLorhps dk;nsf'kj fu;e lfoLrj Li"V

    djk- [16]

    2. ^izeq[k vVh* o ^nq;e vVh* ;k ladYiusP;k O;k[;k |k- x`fgr izeq[k vVh o

    x`fgr nq;e vVh lfoLrj Li"V djk- [16]

    fdaok

    ^fu{ksikpk djkj* Eg.kts dk; \ fu{ksinkR;kps vf/kdkj vkf.k drZO;s Li"V

    djk- [16]

    3. (v) xzkgd laj{k.k dk;|k] 1986ph oSf'k"Vs lfoLrj Li"V djk- [8]

    (c) isVaV/kkjdkk fe.kkjs vf/kdkj vkf.k tckcnk;k Li"V djk- [8]

    fdaok

    (v) tkxfrd ckSfd laink la?kVusph mf"Vs o dk;Ze (f;k) Li"V djk- [8]

    (c) ^s[kkf/kdkj* (dkWihjkbZV) Eg.kts dk; \ dkWihjkbZVph oSf'k"Vs vkf.k dkWihjkbZV&

    /kkjdkps vf/kdkj lkaxk- [8]

  • [4763]-301 4

    4. ^pu{ke nLr,sot* Eg.kts dk; \ opufph] gaqMh vkf.k /kukns'kkP;k vko';d

    ckch Li"V djk- [16]

    5. FkksMD;kr fVik fgk (dks.kR;kgh nksu) % [16]

    (v) oknkps vf/kdkj o drZO;s

    (c) fMftV flXuspj

    (d) bZ&dkWelZps egRo

    (M) xzkgd laj{k.k ifj"knk-

  • Total No. of Questions4] [Total No. of Printed Pages8+4

    Seat

    No. [4763]-302

    T.Y. B.Com. EXAMINATION, 2015

    ADVANCED ACCOUNTING

    (2008 PATTERN)

    Time : Three Hours Maximum Marks : 80

    N.B. : (i) All questions are compulsory.

    (ii) Figures to the right indicate full marks.

    (iii) Use of calculator is allowed.

    1. (a) Answer in one sentence only (any five) : [10]

    (i) Excess of assets over liabilities means what ?

    (ii) Give the formula to calculate Liquid Ratio.

    (iii) Accounting Standard-19 stands for what ?

    (iv) What is period of Indemnity ?

    (v) What is meant by Non-Performing Assets ?

    (vi) Name the parties of Fire Insurance Contract.

    (vii) In Farm Accounting which expenses are transferred to

    General Profit and Loss A/c ?

    P.T.O.

  • [4763]-302 2

    (b) Write short notes on (any two) : [14]

    (i) Accounting Standard No. 7

    (ii) Difference between Financial Accounting and Management

    Accounting

    (iii) Departmental Accounts

    (iv) Short Sales

    (v) Contingent Liabilities.

    2. The following is the Trial Balance of Modern Bank Ltd. as on 31st

    March, 2014 : [14]

    Trial Balance

    Particulars Debit Credit

    (Rs.) (Rs.)

    Premises Less Depreciation 3,70,000

    Money at call and short notice 4,30,000

    Furniture Less Depreciation 60,000

    Depreciation on Banks Assets 22,000

    Non-Banking assets acquired in

    settlement of claims 40,000

    Cash in hand 6,00,000

    Cash at Bank 5,00,000

    Investments 7,00,000

  • [4763]-302 3 P.T.O.

    Loans, Cash Credit and Overdrafts 25,30,000

    Interest on Deposits and Borrowings 4,00,000

    Audit fees 9,000

    Salaries and Allowances to Staff 81,000

    Directors fees 8,000

    Postage and Telegrams 2,700

    Printing and Stationery 7,400

    Other Expenditure 4,900

    Issued and Subscribed Capital 12,000 shares

    of Rs. 100 each fully paid 12,00,000

    Statutory Reserve 2,40,000

    Deposits 25,00,000

    Provident Fund 2,70,000

    Borrowings from Maharaja Bank Ltd. 5,10,000

    Unclaimed Dividend 8,000

    Commission and Exchange 75,000

    Profit on Sale of Non-Banking Assets 2,400

    Profit & Loss A/c as on 1-4-2013 2,24,600

    Interest and Discount 7,35,000

    57,65,000 57,65,000

  • [4763]-302 4

    Adjustments :

    (1) The Authorised Capital of the bank consists of 15,000 shares

    of Rs. 100 each.

    (2) Provide Rs. 20,000 for Bad and Doubtful Debts.

    (3) Bills for collection amounted to Rs. 2,10,000.

    (4) Acceptances, Endorsements and other obligations amounted to

    Rs. 1,04,000.

    (5) Provide Rs. 3,000 for Rebate on Bills discounted.

    (6) Provide Rs. 21,000 for taxation.

    (7) Postage stamps of Rs. 320 and stationery of Rs. 1,400 was

    in hand on 31st March 2014.

    Prepare Profit and Loss A/c for the year ended 31st March, 2014

    and Balance Sheet as on that date as per the Banking Regulation

    Act.

    Or

    M/s Asha Manufacturing Co. Ltd. is insured under a loss of profit

    policy insurance for Rs. 1,26,000. They close their books of accounts

    on 31st December every year. An unexpected fire damaged their

  • [4763]-302 5 P.T.O.

    premises considerably on 1st July, 2013. Information available from

    records is as follows :

    Rs.

    Turnover during the year ending 30-6-2013 14,40,000

    Turnover during the year ending 31-12-2012 12,00,000

    Turnover from 1st July 13 to 30th Sept. 13 60,000

    Turnover in the corresponding period of 2012 3,60,000

    Standing charges for the year ending 31st Dec. 2012 72,000

    Net Profit during the year ending 31st Dec. 2012 48,000

    It has been ascertained that the business has consistently shown

    increase of 25% in turnover in the months preceding the date of

    fire over corresponding period of the previous year.

    Show the amount of claim. [14]

    3. (a) Zodic Company Ltd. submits the following details regarding

    one of their 6% Investment for the year 2013-14 :

    Opening balance on 1-4-2013, face value Rs. 60,000 at Rs. 56,000.

    The following purchases and sales were made out of these

    investments during the year ended 31-3-2014 :

    Purchases on :

    (1) 1-8-2013 Face Value Rs. 10,000 at Rs. 101 cum-interest.

    (2) 1-11-2013 Face Value Rs. 15,000 at 103 ex-interest.

  • [4763]-302 6

    Sales on :

    (1) 1-9-2013 Face Value Rs. 10,000 at Rs. 104 cum-interest.

    (2) 1-2-2014 Face Value Rs. 20,000 at 103 ex-interest.

    The interest is payable on 1st January and 1st July

    every year.

    Write up Investment Account as on 31st March, 2014. Investments

    on 31-3-2014 are to be valued at cost by First-in First-out

    Method. [8]

    (b) M/s Maharaja Traders, Pune has a branch at Satara. The goods

    are invoiced to branch so as to show a profit of 30% on Invoice

    price, under strict instructions of selling goods only at invoice

    price. The following are the particulars relating to branch :

    Particulars Rs.

    Stock on 1-1-2013 (Invoice Price) 12,000

    Debtors on 1-1-2013 6,200

    Goods sent to Branch (at invoice price)

    during the year 35,000

    Goods returned by Branch (at invoice price) 1,000

  • [4763]-302 7 P.T.O.

    Credit Sales made during the year 21,000

    Cash Sales made during the year 20,000

    Goods returned by customers 600

    Cash from Debtors 19,000

    Discount allowed to Debtors 300

    Allowances made to Debtors 200

    Bad Debts during the year 600

    Cheques sent to Branch for :

    Salaries 3,300

    Rent and Rates 2,000 5,300

    Shortage of goods at branch 400

    Ascertain the profit or loss made by the branch by

    preparing :

    (1) Branch Stock A/c

    (2) Branch Debtors A/c

    (3) Branch Expenses A/c and

    (4) Branch Adjustments A/c. [14]

  • [4763]-302 8

    4. The following is the Trial Balance of ABC Farms Ltd. as on 31st

    March, 2014 :

    Trial Balance as on 31-3-2014

    Particulars Debit Credit

    (Rs.) (Rs.)

    Issued Capital 4,00,000

    Land and Building at cost 5,00,000

    6% Debentures 2,00,000

    P & L A/c (Balance on 1-4-2013) 20,000

    Opening Stock :

    Growing crops, wheat, fertilisers 20,000

    Livestocksheep 40,000

    Feed for Livestock 4,000

    Farm Machinery

    (Original Cost Rs. 80,000) 36,000

    Salaries and Wages (Manager) 12,000

    Salaries and Wages (Farm Workers) 16,000

    Farmhouse Expenses 6,000

    Allowances to Managers for Staff-meals 9,600

  • [4763]-302 9 P.T.O.

    Crop expenses : seeds and fertilisers 12,000

    LivestockPurchases 20,000

    LivestockMaintenance (Food-stuff) 24,000

    Repairs to Farm Machinery 1,600

    Repairs and Maintenance of Building :

    Barns etc. (for crops) 800

    Sheep yard 1,200

    Hand tools and equipments 4,000

    Office Expenses 6,000

    Mortgage Interest (on debentures) 12,000

    Sale of Livestock 76,000

    Sale