BcBCAF (AdAu)-04

2015

( 4th Semester )

COMMERCE

( Honours)

Paper No BCAF-04

( Advanced Auditing I

Full Marks 70 Pass Marks 45

Time 3 hours

The figures in the margin indIcate full marks for the questions

Answer all questions

1 ra) Broadly discuss the inspection procedures by the auditor regarding documents books and reglster of a limited company

Or

(b) Explrun how an audilor would audit the preliminary expenses What are the steps of payment of managerial remunerations 77= 14

Ll5-900600 ( Tum Over)

14

I 2 ) I 3 )

2 ((I) Enumerate the procedures of audit of 5 (a) Enumerate the Standing Committee an insurance company 14 ltlnd Membership under the provisions

of the Chartered Accountants Act 1949 Or 7+7 14

(bJ Discuss the investigation on behalf of a Or

bank intending to sanction a loan to a (bJ Make out a concrete prOVIsIons of limited company Chartered Accountants Act 1949

regarding professional negligence and inquIry 7+7~14

3 (a) Explain the audits of consolidated funds and contingency funds of the Government of India 7+7~ 14

Or

fb) Enumerate the appointment procedures of the Comptroller and Auditor-General of India How would CAG audit the government expenses 7+7~14

4 (a) Discuss different types of computer system in auditing 14

Or

fb) Broadly discuss the internal controls in an EDP environment

115-900600 ( Continued ) Ll5-900 600 BeBCAF (AdAu)- 04

BcAMD-403

2015

( 4th Semester )

COMMERCE

Paper No BC-403

( Accounting for Managerial Decision)

Full Marks 70 Pass Marks 45

Time 3 hours

( PART B-OESCRIPTIVE )

(Marks 45 )

The figures in the margin indicate full marks for the questions

1 fa) Define management accounting How docs management accounting help in managerial decision making 2+7- 9

Or

(b) Explain the characteristics and limitations of fmancial accounting

411+411- 9

Ll5-140059amp (fum Over)

( 2 ) ( 3 I

2 (a) Cost and management accounting are llJ2200J 11122004 (P rsimilar lD certain respects but there are

7800many differences between the twomiddot Cash 9000

Elucidate 9 Debtors 14900 17700

Stock 49200 42700Or Land 20000 30000(b) Who is a management accountant

What important role does he pJay in lhe Goodwin 10000 5000

organization 3+6~9 103 I 00 IO~200

In addition you are given3 (a) What is marginal costing State its application in managerial decision (i) Dividend paid totalmiddot If 3500 making 27~9 (ii) Land was purchased for I 10000

Or (iiI) Amou nt provided for amortization

(b) State the uses and assumptions of of goodwill-l 5000 break-even analysis 41z+4 1=9

(iu) Debentures paid off ~ 6000

4 (a) What is ratio analysis Differentiate Prepare Cash Flow Statement 9 between Hori7on tal analysis and Vertical analysis 4~5~9 5 (a) Explain the various types and methods

Or of reporting 4 1+4 1-9

(b) The following details are available from Or a company

(b) How is reporting done a t various levels31 122003 3JJ22004 of management Explain 9~~

Share Capital 70000 74000 Debentures 12000 6000 Reserves ror Doubtful Dehts 700 SOO Tmde CredItors 10360 II S40 Profit amp Loss Ale 10040 10560

103100 103200

115-1400598a ( Continued) 1l5-1400598a BcAMD-403

I 2 ) I 3 )

2 ((I) Enumerate the procedures of audit of 5 (a) Enumerate the Standing Committee an insurance company 14 ltlnd Membership under the provisions

of the Chartered Accountants Act 1949 Or 7+7 14

(bJ Discuss the investigation on behalf of a Or

bank intending to sanction a loan to a (bJ Make out a concrete prOVIsIons of limited company Chartered Accountants Act 1949

regarding professional negligence and inquIry 7+7~14

3 (a) Explain the audits of consolidated funds and contingency funds of the Government of India 7+7~ 14

Or

fb) Enumerate the appointment procedures of the Comptroller and Auditor-General of India How would CAG audit the government expenses 7+7~14

4 (a) Discuss different types of computer system in auditing 14

Or

fb) Broadly discuss the internal controls in an EDP environment

115-900600 ( Continued ) Ll5-900 600 BeBCAF (AdAu)- 04

BcAMD-403

2015

( 4th Semester )

COMMERCE

Paper No BC-403

( Accounting for Managerial Decision)

Full Marks 70 Pass Marks 45

Time 3 hours

( PART B-OESCRIPTIVE )

(Marks 45 )

The figures in the margin indicate full marks for the questions

1 fa) Define management accounting How docs management accounting help in managerial decision making 2+7- 9

Or

(b) Explain the characteristics and limitations of fmancial accounting

411+411- 9

Ll5-140059amp (fum Over)

( 2 ) ( 3 I

2 (a) Cost and management accounting are llJ2200J 11122004 (P rsimilar lD certain respects but there are

7800many differences between the twomiddot Cash 9000

Elucidate 9 Debtors 14900 17700

Stock 49200 42700Or Land 20000 30000(b) Who is a management accountant

What important role does he pJay in lhe Goodwin 10000 5000

organization 3+6~9 103 I 00 IO~200

In addition you are given3 (a) What is marginal costing State its application in managerial decision (i) Dividend paid totalmiddot If 3500 making 27~9 (ii) Land was purchased for I 10000

Or (iiI) Amou nt provided for amortization

(b) State the uses and assumptions of of goodwill-l 5000 break-even analysis 41z+4 1=9

(iu) Debentures paid off ~ 6000

4 (a) What is ratio analysis Differentiate Prepare Cash Flow Statement 9 between Hori7on tal analysis and Vertical analysis 4~5~9 5 (a) Explain the various types and methods

Or of reporting 4 1+4 1-9

(b) The following details are available from Or a company

(b) How is reporting done a t various levels31 122003 3JJ22004 of management Explain 9~~

Share Capital 70000 74000 Debentures 12000 6000 Reserves ror Doubtful Dehts 700 SOO Tmde CredItors 10360 II S40 Profit amp Loss Ale 10040 10560

103100 103200

115-1400598a ( Continued) 1l5-1400598a BcAMD-403

BcAMD-403

2015

( 4th Semester )

COMMERCE

Paper No BC-403

( Accounting for Managerial Decision)

Full Marks 70 Pass Marks 45

Time 3 hours

( PART B-OESCRIPTIVE )

(Marks 45 )

The figures in the margin indicate full marks for the questions

1 fa) Define management accounting How docs management accounting help in managerial decision making 2+7- 9

Or

(b) Explain the characteristics and limitations of fmancial accounting

411+411- 9

Ll5-140059amp (fum Over)

( 2 ) ( 3 I

2 (a) Cost and management accounting are llJ2200J 11122004 (P rsimilar lD certain respects but there are

7800many differences between the twomiddot Cash 9000

Elucidate 9 Debtors 14900 17700

Stock 49200 42700Or Land 20000 30000(b) Who is a management accountant

What important role does he pJay in lhe Goodwin 10000 5000

organization 3+6~9 103 I 00 IO~200

In addition you are given3 (a) What is marginal costing State its application in managerial decision (i) Dividend paid totalmiddot If 3500 making 27~9 (ii) Land was purchased for I 10000

Or (iiI) Amou nt provided for amortization

(b) State the uses and assumptions of of goodwill-l 5000 break-even analysis 41z+4 1=9

(iu) Debentures paid off ~ 6000

4 (a) What is ratio analysis Differentiate Prepare Cash Flow Statement 9 between Hori7on tal analysis and Vertical analysis 4~5~9 5 (a) Explain the various types and methods

Or of reporting 4 1+4 1-9

(b) The following details are available from Or a company

(b) How is reporting done a t various levels31 122003 3JJ22004 of management Explain 9~~

Share Capital 70000 74000 Debentures 12000 6000 Reserves ror Doubtful Dehts 700 SOO Tmde CredItors 10360 II S40 Profit amp Loss Ale 10040 10560

103100 103200

115-1400598a ( Continued) 1l5-1400598a BcAMD-403

( 2 ) ( 3 I

2 (a) Cost and management accounting are llJ2200J 11122004 (P rsimilar lD certain respects but there are

7800many differences between the twomiddot Cash 9000

Elucidate 9 Debtors 14900 17700

Stock 49200 42700Or Land 20000 30000(b) Who is a management accountant

What important role does he pJay in lhe Goodwin 10000 5000

organization 3+6~9 103 I 00 IO~200

In addition you are given3 (a) What is marginal costing State its application in managerial decision (i) Dividend paid totalmiddot If 3500 making 27~9 (ii) Land was purchased for I 10000

Or (iiI) Amou nt provided for amortization

(b) State the uses and assumptions of of goodwill-l 5000 break-even analysis 41z+4 1=9

(iu) Debentures paid off ~ 6000

4 (a) What is ratio analysis Differentiate Prepare Cash Flow Statement 9 between Hori7on tal analysis and Vertical analysis 4~5~9 5 (a) Explain the various types and methods

Or of reporting 4 1+4 1-9

(b) The following details are available from Or a company

(b) How is reporting done a t various levels31 122003 3JJ22004 of management Explain 9~~

Share Capital 70000 74000 Debentures 12000 6000 Reserves ror Doubtful Dehts 700 SOO Tmde CredItors 10360 II S40 Profit amp Loss Ale 10040 10560

103100 103200

115-1400598a ( Continued) 1l5-1400598a BcAMD-403

BcAMD-403

2015

( 4 th S em ester)

COMMERCE

Paper No BC- 403

( Accounting for Managerial Decision)

( PART A-OBJECTIVE )

( Marks 25)

The figures in the malgin indicatefull marks for the questions

1 Choose the correct answer and p lace its code in th e brackets p rovided 1x5=5

fa Fin ancial accou nting deals with

(i) determmation of profits

(ii) determination of costs

(iii) determination o f price

(iv) None of the a bove ( )

698

( 2 )

(b) Management accounting relates to

(i) recordmg of costing data

(ii) recordmg of accoul1t1ng data

(iii) presenting (If accounting data

(iu) None of the a bove ( )

(c) Tool o[ management accounting is

(i) sLan dard costing

(i i) marginal costing

(iii) decision accountin g

(iI)) All of the above ( )

(d) Marginal costing is k nown as

(i) fixed cos t

(ii) variable cost

(iii) semi variable cost

(iv) None of t he above ( )

BelAMD-403 598

( 3 )

fe) The reports meant for different levels of management are called

(i) extern~ l reports

(ii) in ternal reports

(iiI) speCIal repons

(iv) None of the above ( )

2 Fill in the blanks 1x5=5

(a) The use of management accounting I S

(b) Only data are recorded in financial accountmg

Ie) The capital structure of a company is made of

and

(d) CapItal gearing referb to lhe relationship

be(vmiddot~en equi ty capital and

(e) s upplies in formation to lOp level management

BcAMD-403598

I 4 )

3 State whether the fo llowing statements are True (T) or False (F) by putting a Tick (I ) mark 1x55

(a) Management accounting deals with only quantitative data

(r F )

(b) Management accounting is u sed to communicate with shareholders and outside agencies

(T F)

(e) Margin of safety can be improved by reducing the fixed cost

( T F)

(d) At break-even poinl the company carns only a marginal proliL

( T F)

(e) Increased use of deb t increases the financial risk of equity shareholders

( T F)

BcIAMD--403 S98

( 5 I

4 Write on the following in 4 to 5 sentences each 2~510

(a) Margin of Safety

BclAMD--403598

86SpoundOtr-QWVgt8

3UPUBUgtI lqltlQ (q)

( 9 bull

86SpoundOv--awvhe

( L )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 2 )

(b) Management accounting relates to

(i) recordmg of costing data

(ii) recordmg of accoul1t1ng data

(iii) presenting (If accounting data

(iu) None of the a bove ( )

(c) Tool o[ management accounting is

(i) sLan dard costing

(i i) marginal costing

(iii) decision accountin g

(iI)) All of the above ( )

(d) Marginal costing is k nown as

(i) fixed cos t

(ii) variable cost

(iii) semi variable cost

(iv) None of t he above ( )

BelAMD-403 598

( 3 )

fe) The reports meant for different levels of management are called

(i) extern~ l reports

(ii) in ternal reports

(iiI) speCIal repons

(iv) None of the above ( )

2 Fill in the blanks 1x5=5

(a) The use of management accounting I S

(b) Only data are recorded in financial accountmg

Ie) The capital structure of a company is made of

and

(d) CapItal gearing referb to lhe relationship

be(vmiddot~en equi ty capital and

(e) s upplies in formation to lOp level management

BcAMD-403598

I 4 )

3 State whether the fo llowing statements are True (T) or False (F) by putting a Tick (I ) mark 1x55

(a) Management accounting deals with only quantitative data

(r F )

(b) Management accounting is u sed to communicate with shareholders and outside agencies

(T F)

(e) Margin of safety can be improved by reducing the fixed cost

( T F)

(d) At break-even poinl the company carns only a marginal proliL

( T F)

(e) Increased use of deb t increases the financial risk of equity shareholders

( T F)

BcIAMD--403 S98

( 5 I

4 Write on the following in 4 to 5 sentences each 2~510

(a) Margin of Safety

BclAMD--403598

86SpoundOtr-QWVgt8

3UPUBUgtI lqltlQ (q)

( 9 bull

86SpoundOv--awvhe

( L )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 3 )

fe) The reports meant for different levels of management are called

(i) extern~ l reports

(ii) in ternal reports

(iiI) speCIal repons

(iv) None of the above ( )

2 Fill in the blanks 1x5=5

(a) The use of management accounting I S

(b) Only data are recorded in financial accountmg

Ie) The capital structure of a company is made of

and

(d) CapItal gearing referb to lhe relationship

be(vmiddot~en equi ty capital and

(e) s upplies in formation to lOp level management

BcAMD-403598

I 4 )

3 State whether the fo llowing statements are True (T) or False (F) by putting a Tick (I ) mark 1x55

(a) Management accounting deals with only quantitative data

(r F )

(b) Management accounting is u sed to communicate with shareholders and outside agencies

(T F)

(e) Margin of safety can be improved by reducing the fixed cost

( T F)

(d) At break-even poinl the company carns only a marginal proliL

( T F)

(e) Increased use of deb t increases the financial risk of equity shareholders

( T F)

BcIAMD--403 S98

( 5 I

4 Write on the following in 4 to 5 sentences each 2~510

(a) Margin of Safety

BclAMD--403598

86SpoundOtr-QWVgt8

3UPUBUgtI lqltlQ (q)

( 9 bull

86SpoundOv--awvhe

( L )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

I 4 )

3 State whether the fo llowing statements are True (T) or False (F) by putting a Tick (I ) mark 1x55

(a) Management accounting deals with only quantitative data

(r F )

(b) Management accounting is u sed to communicate with shareholders and outside agencies

(T F)

(e) Margin of safety can be improved by reducing the fixed cost

( T F)

(d) At break-even poinl the company carns only a marginal proliL

( T F)

(e) Increased use of deb t increases the financial risk of equity shareholders

( T F)

BcIAMD--403 S98

( 5 I

4 Write on the following in 4 to 5 sentences each 2~510

(a) Margin of Safety

BclAMD--403598

86SpoundOtr-QWVgt8

3UPUBUgtI lqltlQ (q)

( 9 bull

86SpoundOv--awvhe

( L )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 5 I

4 Write on the following in 4 to 5 sentences each 2~510

(a) Margin of Safety

BclAMD--403598

86SpoundOtr-QWVgt8

3UPUBUgtI lqltlQ (q)

( 9 bull

86SpoundOv--awvhe

( L )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

86SpoundOtr-QWVgt8

3UPUBUgtI lqltlQ (q)

( 9 bull

86SpoundOv--awvhe

( L )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

86SpoundOv--awvhe

( L )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 8 I

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

bullbullbull

869001-1-pound11

I 6 )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

BcFE-402

2015

4th Semester

COMMERCE

Paper No BC-402

( Fundamentals of Entrepreneurship I

Pull Marks 70 Pass Marks 45

Time 3 hours

PART B-OESCRIPTIVE

( Marks 45 )

The figuregt in the margin indicate fun marks for the quegttions

Answer tUl questions

1 fa) Discuss the role of socioeconomic environment in entrepreneurial development 9

Or

(b) Risk taking discision making and business planning are arts (If

entrepreneur Discuss 3+3+3=9

2 (a) Explain how economic and social environment affecls the growth of entrepreneurship 9

Ll5-1400597a (Tum Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 2 )

Or

(b) Defme venture capital What are the guidelines issued by govemment regarding establishment and fUDctionin~ of venture capital funds 3+3+3=9

3 (a) Discuss the concept of innovation What are its difTerent forms 3+6-9

Or

(bl Explain any three PSYchological Lheories of entrepreneurship 33+3=9

4 (a) Give a critical evaluation of entreshypreneurial development programme

Or

(bl Explain the relevance and achievements of ntrcpreneurial development programme 36=9

5 (a) Illustrate how entrepreneur play important role in generating employment opportunities and balanced regional development 4 Y4 1-9

Or

(b) Discuss the role of entrepreneur in export promotion and import substitution 4 Y 4 109

LlS-1400597a BcFE-402

9

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

BcFE-402

2015

( 4th Semester )

COMMERCE

Paper 0 BC--402

( Fundamentals of Entrepreneurship I

( PART A-oBJECTIE )

( Marks 25 )

The figures in the margin indicate full marks for the questions

Answer all questions

1 State whether the following statemenls are True (T) or False (F) by a Tick (I) mark 15=5

(a) The word entrepreneurship has been borrowed from Greek which means enter

( T F )

(b) Opportunity analysis does not revea l strengths and weaknesses of a business idea

(T F)

(c) According to Schumpeter an entrepreneur has the capacity Lo withstand social opposition

(T F)

597

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 2 )

(d) EDP contributes to the execution of government policies

( T F )

(e) The full fonn of SEEPZ IS south electronics export processing zone

( T F )

2 Pill m th e blanks l x5=5

(a) Entrepreneurship IS that economic fac tor which organises and coordinates different

of production

(b) Evolution of external environmental analysis is

necessary for formulation of an entrepreneur

(c) Technology Development and Infrastructure Corporation of India was set u p in the year

BcFE-402 697

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 3 )

(d) All India Small Scale Industries Board (AISSIB)

was established in the year

(e) Export is the source of earnmg

3 Choose the correct answer and place its code in the brackets provided 1~ 5=)

(a) Hagen theory is a

(i) theory of vri thdrawal of status

(ii) theory of game

(iii) theory of merchants

(iv) theory of economic growth ( )

(b) Promotion of a venture means

(i) developing

(i i) researching

(iii) starting

(iu) marketing ( )

BcFEr402597

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 4 I

(c) For establlshment of new unit (0 produce essential good it is necessary lo obtain certificate under the Essential Goods Act

(i) 1955

(ii) 1965

(iii) 1975

(iu) 1985 ( )

(d) Entrepreneurial Motivation Centre (EMC) has been set up in the Slate of

(i) Nagaland

(ii) Gujarat

(iii) Arunacha l Pradesh

(iu) Assam ( )

Ie) Augmenting and meeting local demand factors is

(i) no study fo r local goods an d cu stomers

(ii) study of demand for local customers

(iii) study of supply for foreign customer

(iu) study of supply and deman d for foreign customer ( )

BcFE--402597

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 5 I

4 Write on the following In about 4 or 5 sentences each 2x5~lO

la) Leadership character of an entrepreneur

Bel FE-402 597

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 6 )

(b) Sources of opportunities

BcFE-402597

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 7 I

(c) Social responsibility of an entrepreneur

Bc FE-402597

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 8 )

(d) National Institute for En trepreneurship and Sma ll Business Development (NIESBD)

BcFamp-402597

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 9 I

(e) Sources of forex earning

1 15-1100597 BcjFE-402

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

BeEng (BCMI-404

2015

4th Semester

ALTERNATIVE ENGLISH

( Commerce)

Paper No EIIG (BCM)-404

Short Stories Prose Communication Skills and Grammar )

Pull Marks 70 Pass Marks 45deg0

1ime 3 hours

PART B-DESCRIPTIVE

( Marks 44 )

The figures in the margin indicare filII marks lor the questions

SllTIOf I

( Short Stories and Prose

1 Answer he following questions 10-3- 30

(a) (i) Give a character sketch of Captain Foresuer Hmv s he viewed by his wife

Ll5-1300594a I fum Oper )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 2 I

Or

(Ii) Narrate Mansfields The Dolls House in brief to bring out its moral implications

(b) (i) It is a sin to want to die In the I1ght of this statement attempt a critical analYlis of 0 Henrys Tile Last Leaf

Or

(iii From one dollar to pound 1000000 in a malter of days Narrate how Henry Adams behaved as a mtllionaire

(c) (i) Chaudhuri holds the lew tha t every human being puts money above everything else Whal does he find about the Hindu Indians and Christian English in relation to money

Or

(ii) Describe the hypotheses and premises employed by Thomas Henry Huxley in his method of scientific lTIvestigation to show the difference between Inductive and Deductive logics

L1SmiddotI300594a ( Contznued )

( 3 I

S ECTION-II

( CommUnJcatioD Sldlla I

2 Answer the following questions 7x2~ 14

(a) As a CEO of a fumorganisation frame an advertisement for your lirms clearance sale to be published in papers making offers

fbi As a General Manager of a company work out an advertisement of Job vacancies as various sales marketing executives as required in your company

bullbull

L15-1300594a BcEng (BCM)-404

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

BeEng (BCM)-404

2015

( 4th Semester)

ALTERNATLVE ENGLISH

(Commerce)

Paper No ENG (BCM)-404

( Short Stories Prose Communication Skills and Grammar )

( PART A-OBJECTIVE)

(Marks 26 )

The figures in the margin indicate full marks for the questions

SECTION-I

( Short Stories and Prose)

1 Answer the following question s

(a) In Mrs Fores tiers immense distress at the loss of her husband wha t had been her consolation

594

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 2 I

(b) Briefly describe the dolls house in Lhe story The Dolls House

BeEng (BCM)-104594

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 3 )

(c) What wa Henry Adams before he was carried ou t to sea and evenLually to London

BeEng (SCM) 04594

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 4 )

(d) Name the thing Johnsy wanted to pain t some day Did she succeed

BeEng (BCM)-404 594

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 5 I

(e) What was the inference that Chaudhuri formed about spending and saving with regard to English people

(j) How does Huxley define the method of scientific investigation

Bcl Bng (BCM)-404594

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 6 )

SECTION-II

( GT9mmar )

2 Fill in the blanks add ing appropriate pre fixes to lhe words tn Lhe brackets 1 x7=7

(a) To his etcmal (grace) he bllmyecJ his country

(b) In grammar it i s (corre(t) to use two superlalives in a sentence

(e) It was (fortuna tel that Mr Ato could not orne

(d) Assignments wnt ten jthou t bibliography are

(complet )

(e) Success never comes to (prepared) minds

BcEn~ (BCMI-404s94

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 7 )

(f) It i (Ioglcal) fOI rivers tu flow upward

(g) It is (evitable) mat China will attack India lf provoked

3 Fi ll in the blanks adding appropriate suff es to

lht words In the brackets lx7=7

fa) Some animal are (inteftsting) more intelligent than man

(b) The (revolve) in Japan was a failure

(c) A lhesis is written 10 (cholar) tone and style

(d) Laws are framed to pumsh (evi l) in Pakistan

Bc 8ng (BCMI-404594

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 8 )

(e) Gautam left his work (abrupt) due to heavy rain

(f) OUf armies can (with) foreign invaders

(g) Courts can stop the (crime) from bail

Ll 5- 1300 594 Bc(Eng (BCMI-404

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

bullbullbull

( 8 )

Or

(b) Blue Ltd and Star Ltd agreed to combine and form a new company Blue Star Ltd with an authorized capital of 20OOOOO in ~ 100 shares The new company look over the assets and liabilities of both the companies the consideration being 12 00000 in fully paid shares to Blue Ltd and 4000 fully paid shares and 100000 in cash to Star Ltd In return for 10 debentures Blue Ltd 12 debentures of the same amount and denomination were issued by Blue Star Ltd The formation expenses of Blue Star Ltd amounted to i 10000

The balances at the date of amalgamation were

Ltubllilies Blue Srar ilssets Blur Sf Ltd LId LId Ltd

~ r ~ r Share- CltPIUt] 800000 middotlOOOOO Sundt)

10deg- Debcn- J~StU 000000 550000 lure l OOOOO 100000 Cash at

GemraJ Bank 350000 30000 esrrvC 4 00000 80000

Profit I LilSS Ale 50000

1350 000 580000 350000 580000

Show the Journal Entries in the book of Blue Star Ltd 9

L1S - 1400S99a Bc Crpl A-404

Bc I Crpt A-404

2015

4th Semester

COMMERCE

Paper No bull BC-404

I Corporate Accounting

FUll Marks 70 Pass Marks 45

TIme 3 hours

l PART B-DESCRlPTlVE )

I Marks 45 )

The figures ill the margin indioole full marks for the questions

1 (a) What do you understand by bonus

shares State the provisions laid down

in the Indian Companies Act in

connection with redemption of

preference shares 4+5=9

LI5-l400599a (Tum Oller)

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

----

( 2 ) f 7 I

Or

fbI The following is the Balance Sheet of Nagaland Project Ltd as on 30th June 2014

Liabilities Amount Assets Amounl

l (

Share Capital FlXccl ~sets 1370000

5000 6 Redeemable Investment al

PrcJerence Shares of cost (market

I 100 each 5 00000 value ~ 280000) 300000

90000 Equity Share Invcnrory 90C)00

of i 10 each 9 00000 Debtors 100000

Share Premium 100000 Cash at lank 130000

General Reserve 750000 Cash ID Hand 50000

Profit amp Loss Ale 2 00000

Current Liabilities 4 00000

2850000 2850000

It was decided on I st July 2014 to

redeem the preference shares at a

premium of 5 To finance the

redemption all the investments were

realized at the market value stated On

the Balance Sheet and 10000 Equity

Shares of rIO each were issued at r 9

L15---1400 599a f Contlflued I

AsselS Amount LiabIlities Amount l

Stock 25000 6 Debentures Debtors 20000 II 100 each) 25000 Cash and Be nk 25000 Profit amp Loss Ac Discount on Issue Balance as of Debentures 5 000 on 01012014 5000

Profit [or the year 40000

CrediLOrs 10000 Provision (or Taxation 5000

200000 200000

The assets were revalued as under Plant and Machinery- 50000

Land d BuUdng-l 40000

Investments- 25000

Profit inclUdes ~ 1000 income rrom investment

Calculate the value of goodwill on the basis of 3 years purchase of superprofit Normal rate of return in th is type of business in ] 2

5 faj What are the conditions which musl be satisfied by an amalgamation in the nature of merger Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase 5+4=9

Ll 5-1400599a f Tum Oller I

9

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

( 6 I

The dividend on preference shares has been paid up to 30th J une 2011 Plant and Stock realized ~27S000 and all the debts were realized except one for ~ 25000 The llquida tor admitted the claim of all creditors Creditors include ~ SOOO as preferential creditors Expenses of liquidation are f1600 Debentures were repaid on 31 st December 2010 The liquidators remuneration is 2 on the amount realized and 2 on the amou nt distributed to equity shareholders Th e dividend on preference shares is payable payment is made to equIty s h areholders

Prepare Liquidators Final Statemen t of Accoun t 9

4 (a) Explain the circumstan ces under which valuation of sh ares is essential and discuss the various methods of valuation of shares 4+5=9

Or

(bl The following is the Balance Sh eet of Silver Ltd as on 31st December 20 1middot1

Assets Amount LiabIlities moun f

Ooodwill 20000 Share Captl1

Plant and Mudunery 40000 10000 EqUity Shares Land and Building 45000 of I 10 each 100000 Investments 20000 Genernl Reserve 15000

LlS-1400599a ( Continued I

( 3 I

per share payable 10 fuU The company

also issued 10000 6 convertible

debentures of ~ 100 each

Give the Journal Entries showing redemption of preference shares and show only the share capital and long-term borrowings of the Balance Sheet immediately after the redemption

6+3~9

2_ (a) Define and distinguish between the following 3x3~9

(t) Capital Reserve and Reserve Capital

Iii) Internal Liabilities and External Liabilities

(iii) Reserve and Provisions

Or

(b) The following is the Trial Balance of Snow White Ltd as on 31st March 2014

Dr Cr f r

Equity Shares of r 10 each fully paid-up 600000

General Reserve 230000

Unclaimed DiVidend

Trade Creditors 42858

LI5-J400599a ( Tum Over )

526

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

I 4 I

Dr Cr ~ ~

Buildings (at cost) 150000

Purchases 500903

Sales 1083947

Manufactunng Expen 350000

stabhshment Charges 268 14

General Charges 31 078

Machinery (at cost) 230000

Furniture (al cost) 5000

Openmg Stock 172058

Book Debts 232380

Investments 288950

Provh~ion (o r Depreciation on Fixed Assets 91000

Advance Payment of Income Tax 50000

Cash at Bank 72240

Directors rees 1800

Interest on JnvcstmenlS 8544

Profil amp Loss Ale (010420 13) 16848

Staff Provident Fund 37500

2111223 21 11223

Prepare Final Ale of the company for the year ended 31st March 2014 after laking into account of the following adjusancnts 2+2+2+3=9

Ii) Stock as on 3lst March 201~ was alued at ~ 148680

LI5-1400599a I Continued)

( 5 I

(ii) Provide f 19000 for depreciation on fixed assets and i 8000 for Managing Directors remuneration

(iii) Interest accrued on investments amounted to f 2750

flU) Make a provision of r 50000 for income tax

M The Directors have proposed a dIvidend 8 after transfer of f 35000 Lo general reserve

3 (a) What is Liquidators Final Statement of Account Explain the preferential creditors as given under the Indian

Companies Act 4+5~9

Or

(b) Sky Blue Lld wenl into voluntary liquidation on lst July 2012 when the follOwing Balance Sheet was prepared

Liabilities AmoUlU Assets Atrwunl

I ~

12000 10 Preferenc Plant 200000 Shares of ~ 10 each 120000 Stock 100000

20000 Equity Shares Dbtors 150000 of 10 each 2 00000 (ash In Hand

5 D~bentu res 70000 and al Bank 15000 Creditor~ 105 000 Profit amp Loss Ale 30000

4 95000 495000

L15--1400599a I Turn Over )

BcCrpt A-404

2015

( 4 th S em ester )

COMMERCE

Paper No bull BC--404

( Corporate Accounting I

( P ART A--oBJECTI E )

( Marks 25 i

The figures in the margin indicate ful l marks fo r the questions

An swer all queSlions

SECTION-l

( Marks ( 5 )

1 Indicate wh ether the following s tatements are True (7) or False (F) by put ting a Tick (I) mark bull

(a) The s hares allotted to a subscr ibe r who has d efa ulted in paying any call due on his s hares can be forfe ited by dec is ion of the Board of Directors

( T F )

(b) Balance Sheet of a Joint S tock Company l S

prepared in the form given in the Part II of Schedule VI of the Com panies ACL 1956

(T F )

599

( 2 )

(e) Insolvency is a necessary condi tion for the liquidauon of a company

(T F)

(d) Net assets basis of valuation of share is concerned with the asset backing per share

(T F)

(e) When hovo or more companies go inm liquidation and a new company i formed to take over their businesses it is called absorption

(T F)

2 Choose Lhe correcl answer and place its cod in the brackets provided 1x 5=5

(a) Discount allowed on reissue of forfeited shares is debited to

(i) Forfei ted Shares AI c

(ii) Discount Ale

(iii) Profit amp Loss AI c

(iu) Share Capital Alc [ ]

BcCrptA-404599

( 3 I

(b) Heavy expenditure on advertisement to launch a new product is a

(i) capital expenditure

(ii) revenue expenditure

(iii) d effe red revenue expenditure

(lU) None of the above [ ]

(e) Which of the following glves the lisL of preferen tial creditors to be shown In the Statement of Affairs

(i) List A

(ii) List 8

(iii) List C

(iu) List D [ ]

(d) Por calculating the value of an equity share by yield method information is required regarding

(i) nonnal rate of return

(ii) net assets of the business

(iii) face value of he share

(iu) None of the above [

Bcj Crpl A-404j599

1

14)

(e) Under net assets method the purchase consideration is calculated by calculating

(i) U1e net worth of the assets

(ii) the book value of the as ets

(iii) original coSt o f the assets

(iv) None of the above [ ]

3 Fill In the blan ks l x5-5

(a) Shares issued LO the existing shareholders out of

accumulated profit is termed as

(b) Goods spoiled and lost by fire a re credited

to

(e) i the legal procedur by whieh the company comes tel an end

(d) In order to know the intrinsic value of shares it IS necessary to know the value of Lh

of the company

(e) is the amount which is paid by the purchasing company for the purchase of the business of the vendor company

BcjCrpl A-404 599

( 5 I

SECTION-ll

( Marks 10 )

4 Write shorl note~ on the following

(a) fiorfe iture I)f Shares

BltfCrpl A-404fS99

I 6 )

(b) Profit amp Loss Appropriation Ale

BcCrpt A-404599

( 7 )

(cr Winding-up under Supervision of the Court

BcCrpt A-404599

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

( 2 )

(e) Insolvency is a necessary condi tion for the liquidauon of a company

(T F)

(d) Net assets basis of valuation of share is concerned with the asset backing per share

(T F)

(e) When hovo or more companies go inm liquidation and a new company i formed to take over their businesses it is called absorption

(T F)

2 Choose Lhe correcl answer and place its cod in the brackets provided 1x 5=5

(a) Discount allowed on reissue of forfeited shares is debited to

(i) Forfei ted Shares AI c

(ii) Discount Ale

(iii) Profit amp Loss AI c

(iu) Share Capital Alc [ ]

BcCrptA-404599

( 3 I

(b) Heavy expenditure on advertisement to launch a new product is a

(i) capital expenditure

(ii) revenue expenditure

(iii) d effe red revenue expenditure

(lU) None of the above [ ]

(e) Which of the following glves the lisL of preferen tial creditors to be shown In the Statement of Affairs

(i) List A

(ii) List 8

(iii) List C

(iu) List D [ ]

(d) Por calculating the value of an equity share by yield method information is required regarding

(i) nonnal rate of return

(ii) net assets of the business

(iii) face value of he share

(iu) None of the above [

Bcj Crpl A-404j599

1

14)

(e) Under net assets method the purchase consideration is calculated by calculating

(i) U1e net worth of the assets

(ii) the book value of the as ets

(iii) original coSt o f the assets

(iv) None of the above [ ]

3 Fill In the blan ks l x5-5

(a) Shares issued LO the existing shareholders out of

accumulated profit is termed as

(b) Goods spoiled and lost by fire a re credited

to

(e) i the legal procedur by whieh the company comes tel an end

(d) In order to know the intrinsic value of shares it IS necessary to know the value of Lh

of the company

(e) is the amount which is paid by the purchasing company for the purchase of the business of the vendor company

BcjCrpl A-404 599

( 5 I

SECTION-ll

( Marks 10 )

4 Write shorl note~ on the following

(a) fiorfe iture I)f Shares

BltfCrpl A-404fS99

I 6 )

(b) Profit amp Loss Appropriation Ale

BcCrpt A-404599

( 7 )

(cr Winding-up under Supervision of the Court

BcCrpt A-404599

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

( 3 I

(b) Heavy expenditure on advertisement to launch a new product is a

(i) capital expenditure

(ii) revenue expenditure

(iii) d effe red revenue expenditure

(lU) None of the above [ ]

(e) Which of the following glves the lisL of preferen tial creditors to be shown In the Statement of Affairs

(i) List A

(ii) List 8

(iii) List C

(iu) List D [ ]

(d) Por calculating the value of an equity share by yield method information is required regarding

(i) nonnal rate of return

(ii) net assets of the business

(iii) face value of he share

(iu) None of the above [

Bcj Crpl A-404j599

1

14)

(e) Under net assets method the purchase consideration is calculated by calculating

(i) U1e net worth of the assets

(ii) the book value of the as ets

(iii) original coSt o f the assets

(iv) None of the above [ ]

3 Fill In the blan ks l x5-5

(a) Shares issued LO the existing shareholders out of

accumulated profit is termed as

(b) Goods spoiled and lost by fire a re credited

to

(e) i the legal procedur by whieh the company comes tel an end

(d) In order to know the intrinsic value of shares it IS necessary to know the value of Lh

of the company

(e) is the amount which is paid by the purchasing company for the purchase of the business of the vendor company

BcjCrpl A-404 599

( 5 I

SECTION-ll

( Marks 10 )

4 Write shorl note~ on the following

(a) fiorfe iture I)f Shares

BltfCrpl A-404fS99

I 6 )

(b) Profit amp Loss Appropriation Ale

BcCrpt A-404599

( 7 )

(cr Winding-up under Supervision of the Court

BcCrpt A-404599

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

14)

(e) Under net assets method the purchase consideration is calculated by calculating

(i) U1e net worth of the assets

(ii) the book value of the as ets

(iii) original coSt o f the assets

(iv) None of the above [ ]

3 Fill In the blan ks l x5-5

(a) Shares issued LO the existing shareholders out of

accumulated profit is termed as

(b) Goods spoiled and lost by fire a re credited

to

(e) i the legal procedur by whieh the company comes tel an end

(d) In order to know the intrinsic value of shares it IS necessary to know the value of Lh

of the company

(e) is the amount which is paid by the purchasing company for the purchase of the business of the vendor company

BcjCrpl A-404 599

( 5 I

SECTION-ll

( Marks 10 )

4 Write shorl note~ on the following

(a) fiorfe iture I)f Shares

BltfCrpl A-404fS99

I 6 )

(b) Profit amp Loss Appropriation Ale

BcCrpt A-404599

( 7 )

(cr Winding-up under Supervision of the Court

BcCrpt A-404599

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

( 5 I

SECTION-ll

( Marks 10 )

4 Write shorl note~ on the following

(a) fiorfe iture I)f Shares

BltfCrpl A-404fS99

I 6 )

(b) Profit amp Loss Appropriation Ale

BcCrpt A-404599

( 7 )

(cr Winding-up under Supervision of the Court

BcCrpt A-404599

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

I 6 )

(b) Profit amp Loss Appropriation Ale

BcCrpt A-404599

( 7 )

(cr Winding-up under Supervision of the Court

BcCrpt A-404599

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

( 7 )

(cr Winding-up under Supervision of the Court

BcCrpt A-404599

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

( 8 )

(d) Valuation of Shares

BcCrpt A-104599

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404

( 9 )

(e) Purchase Consideration

1 15-1400599 Beerp A-404