Professional Documents
Culture Documents
SECTION A (5 4 = 20 marks)
Answer any FIVE of the following.
1.
(a)
A>j$ $$ .
(b)
AM> $ $$.
(c)
MNC.
$ g .
(d)
$$$Q M$$.
(e)
Protectionism.
.
(f)
E AM> {MQ.
(g)
*{M BM>.
(i)
Factor proportion.
M>M> >$$.
(j)
International environment.
A>j$ >$$.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following questions.
2.
(DCM 21)
5.
6.
7.
$M $ $$ $$MP $ H$?
SECTION C (2 20 = 40 marks)
Answer any TWO of the following.
9.
JM $$ $$MP BM>Z
^a^$$$.
10.
IB
$$MP {$
A>j$ $$Z
V$ ^$$$.
3
MNC
$$MP NM
(DCM 21)
11.
12.
Explain the
Business.
role
of
A>j$ $$Z
^$$$.
WTO
WTO
in
International
$$MP {$
(DCM 21)
(DCM 22)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
Paper II MANAGEMENT OF INFORMATION
SYSTEMS
Time : Three hours
SECTION A (5 4 = 20 marks)
Answer any FIVE of the following.
1.
(a)
Concept of MIS.
MIS .
(b)
Systems analysis.
.
(c)
Software.
t.
(d)
IT.
*^ MM gq$$.
(e)
Machine language.
*{M .
(f)
Hardware.
z.
(g)
WAN.
.
(h)
Data filing.
ys OV.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.
3.
of
information
resource
*^ $ $$MP $#$$.
4.
Z A^$ ^$$$.
2
(DCM 22)
5.
*MZ V$ H$?
6.
7.
9.
10.
(DCM 22)
11.
B $ M^$$$.
(DCM 22)
(DCM 23)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
A Accounting
Paper III ADVANCED FINANCIAL ACCOUNTING
Time : Three hours
1.
(a)
, AMsV >--$.
(b)
$ {--$$.
(c)
Yield method.
>y .
(d)
Average method.
>- -.
(e)
Technical Analysis.
M-M --.
(f)
Minority interest.
A R-M$ B-M.
(g)
$M B A st-M.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.
From the following information, you are required to prepare a Balance Sheet.
Current ratio 1.75
Liquid ratio 1.15
Working capital Rs. 75,000
Reserves and surplus Rs. 1,00,000
Bank overdraft Rs. 60,000
Proprietary ratio 0.7 (Fixed assets to proprietary funds)
No long term debts.
H Ltd. acquired 20,000 equity shares of S Ltd. of Rs. 100 each on 31st December 2005. The
summarised Balance Sheet of H Ltd. and S Ltd. as on 31st December 2006 were as follows :
Balance Sheet
H Ltd.
S Ltd.
H Ltd.
S Ltd
Rs.
Rs.
Rs.
Rs.
Share capital :
Fixed Assets
Reserves
30,00,000
Creditors
20,00,000
Total
70,00,000 25,00,000
40,00,000 20,00,000
5,00,000
1,40,00,000 45,00,000
2
1,40,00,000 45,00,000
(DCM 23)
S Ltd. had the credit balance of Rs. 5,00,000 in the reserves and Rs. 2,00,000 in the Profit
and Loss A/c. When H Ltd. acquired the shares in S Ltd. S Ltd. issued bonus share' @ 1 for
every 5 shares held out of post-acquisition profits. Calculate cost of control before and after
issue of bonus shares and also prepare consolidated Balance Sheet.
$-sy s-$
S $-sy
H $-sy
S $-sy
*.
-*.
*.
s $*--$$ :
s *. 100 $
--f-$-$
--&t R
10,00,000 10,00,000
-$$----$
20,00,000 5,00,000
-$$--$$
H
>-$-$
$-sy
S s-$
1,40,00,000 45,00,000
70,00,000 25,00,000
40,00,000 20,00,000
30,00,000
1,40,00,000 45,00,000
(Cr.)
Rs.
Assets
Rs.
1,80,000
Reserve
2,44,000
Creditors
60,000
4,84,000
(DCM 23)
The following net profits were earned which include a fixed income from investment of
Rs. 4,000 p.a.
Year ended, 30 April, 2003 Rs. 64,000
30 April, 2004 Rs. 72,000
30 April, 2005 Rs. 86,000
30 April, 2006 Rs. 90,000
Standard rate of return on capital employed in such type business is 8%.
Compute the amount of goodwill of the above business at three years purchase of the average
super profits for 4 years assuming that each gross profit was fully distributed as dividend
among the shareholders.
-*.
-B-$-$
-*.
1,80,000
--f-$
2,44,000
-$$----$
60,000
4,84,000
(DCM 23)
6.
A firm had Rs. 2,00,000 as cash at bank on April 1, 2009. The consumer price index on that
date was 200. During the year ended 31st March, 2009 the receipts and payments were as
stated below :
Receipts
Rs.
Index
1,05,000
210
215
230
December, 1plant
2,00,000
225
March, 20 costs
1,50,000
240
June, 1 Sales
Payments
Rs.
Index
Ascertain the profit or loss on account of price changes. The year end index was 240.
-*.
-*-_
-^#-$
-*.
-*-_
2,00,000 225
*-a, 20 $
1,50,000 240
(DCM 23)
11.
From the following information, prepare a funds flow statement of Venu Ltd.
Balance Sheet of Venu Ltd. as at 31.3.2003-2004
Liabilities
Share capital
2003
2004
Rs.
Rs.
Assets
2003
2004
Rs.
Rs.
95,000
General reserve
25,000
30,000 Plant
75,000
84,500
P & L A/c
15,250
15,300 Stock
50,000
37,000
Bank loan
35,000
20,000 Debtors
40,000
32,100
Creditors
75,000
47,600 Cash
250
300
15,000
17,500 Goodwill
6,500
2,65,250 2,55,400
2,65,250 2,55,400
Additional Information :
(a)
(b)
(c)
(d)
2003
-*.
2004
-
-B-$-$
*.
2003
2004
*.
*.
1,00,000
95,000
--- f-$
25,000
30,000 r$
75,000
84,500
-, R
15,250
15,300 -tM
50,000
37,000
M$ $$
35,000
32,100
-$$----$
75,000
47,600 V-$
--$MO H>r$
15,000
17,500 -V$y
2,65,250 2,55,400
6
250
300
&
6,500
2,65,250 2,55,400
(DCM 23)
A# *-^ :
12.
(a)
(b)
(c)
(d)
---$ {$ -^$-$$.
(DCM 23)
(DCM 24)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
A - Accounting
Paper IV ADVANCED COST AND MANAGEMENT ACCOUNTING
Time : Three hours
1.
(a)
$ AMsV $$.
(b)
Absorption Costing.
*M$$.
(c)
Cost allocation.
$ Ms$$#.
(d)
Incomplete contract.
AN~ M>{sM$t.
(e)
By product.
E$#.
(f)
Process costing.
{{M$ *M$$.
(g)
Flexible budget.
^ yjs.
(h)
Factory ledger.
M>>V> B>j.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.
3.
From the data given below, calculate each of the three wage variances of the two department.
Dept. X Dept. Y.
Actual gross wages
3936
3596
12000
Standard hours (produced) 16000
Standard rate per hour
0-60
0-70
Actual hour worked
16400
11600
The balance in a companys WIP Control Account as on 31st March, 2005 was Rs. 5,00,000.
During the following month, the transactions that took place were as thus :
Rs.
Direct wages incurred
60,000
Direct materials issued
2,80,000
Completed work billed at cost 5,25,000
Factory overhead incurred
1,20,000
Special purchases for Job
12,000
Sub-Contract charges
6,000
Direct expenses
9,000
Material returned to stores
4,000
You are required to write up the ledger accounts and state what is final balance represents
in cost books.
$ Ms$$# $$ M^$$$.
2
(DCM 24)
6.
M$ E YM^$$$.
8.
(DCM 24)
10.
Product X is obtained after it passes through three distanct processes. You are required to
prepare process accounts from the following information.
Process
Total
I
II
III
Rs.
Rs.
Rs.
Rs.
Materials
15,084 5,200 3,960 5,294
Direct wages
18,000 4,000 6,000 8,000
Production overheads 18,000
1000 units @ Rs. 6 per unit were introduced in process I. Production overhead to be
distributed as 100% on direct wages.
Process
Actual output in units Normal loss in input Value of scrap per unit
Process I
950
5%
4
Process II
840
10%
8
750
15%
10
Process III
X A $# $*y$ { > *$$, *O $M$M$ $. { R$ *$^$$$$.
{
I
II
III
$$
*.$ *.$ *. $ *. $
$s$ 15,084 5,200 3,960 5,294
{ $ 18,000 4,000 6,000 8,000
E Ky 18,000
(DCM 24)
(DCM 25)
M.Com. DEGREE EXAMINATION, MAY 2011.
Second Year
A Accounting
Paper V TAXATION
Time : Three hours
1.
(a)
Assessment year.
$ > $$.
(b)
Charitable purpose.
M *V$$.
(c)
Casual income.
*_aM B$$$.
(d)
Search.
Z.
(e)
M>M $* $$$.
(f)
ITO.
B$# $ AM>.
(g)
Revision.
#@.
(h)
Transfer.
.
SECTION B (4 10 = 40 marks)
Answer any FOUR of the following.
2.
4.
{, $ # $ ^$$$.
5.
House II
Rs.
Rs.
Property income
Fair rent
75,000
85,000
Rent
78,000
78,000
Municipal valuation
76,000
75,000
13,000
14,000
Repairs
3,500
4,700
Insurance
2,000
3,000
2,500
4,000
1,600
6,000
14,000
Let out for residence Let out for business
30.4.1989
7.4.1992
{M *^$$ $y $ ^ B* V^y.
$y A B$ *. 46,000
V$$ I
*.
V$$ II
*.
V$$ $y B$ :
$f$O A
75,000
85,000
A
78,000
78,000
$$ $
76,000
75,000
$$ $$ (M)
13,000
14,000
$$$$
3,500
4,700
*
2,000
3,000
*$ B$ (^_)
2,500
4,000
{Vy A (M)
1,600
6,000
$$s V RO _a yz
(B $$ y V ^$rM$ E*W_y$) 14,000
E*W_
MM$ MM$
>$$ N A$$
30.4.1989
7.4.1992
2
(DCM 25)
6.
Z } $ D {M B*$ M_y$ :
A $f* $y i$$ M$ *. 10,000 ^ *. 1,20,000
{V>*M #O $rM$ # {* >$$ (V> ^ Q$a *. 21,000) *. 24,000
$ Zf $$ M$ *. 1,250 ^ *. 15,000
W ^^y O Q$a$ *. 9,700
A$ D {M C {*f$ $$$ $$ y$ :
$$Z E_ EM$ V . C$M$ V>$ A $f* M$ *. 4,200 A ^$y$.
M>$ (*s$ $$$ r$M$ 1.88 M M$P V) [yO$ E_ H>r$ & M>$ *V$$ MV>
A>M $$$ MV> EV $M$
2003&2004 $ $# >M A i B* MP#$$.
7.
18,500
5,000
22,000
2,500
15,000
16,000
3
(DCM 25)
Rs.
Brought forward business loss
Unadjusted depreciation
18,500
B$
5,000
M>M r$ty
22,000
M>M r$ty
2,500
$ V${> > B$
15,000
M>r B$
16,000
8.
6,000 (2008&09 M _)
M>M r$ty t
47,000 (2009&10 M _)
$ V${> t $$$M$ _a
25,000 (2008&09 M _)
M$ t
30,000 (2001&02 M _)
A, B and C are partners of a firm sharing profits in the ratio of 4 : 3 : 2. The P & L A/c of the
firm shows a net profit of Rs. 40,000 after deducting the following payments for the
assessment year 2008-09.
Rs.
Income tax
14,000
11,000
Remuneration to partners
(Rs. 36,000 + 30,000 + 24,000) 90,000
Interest to partners 15% p.a.
(12,000 + 9,000 + 6,000)
27,000
Compute the total income of the firm and partners for the assessment year 2008-09. The firm
is an AOP.
4
(DCM 25)
14,000
11,000
V$M$ M$$
(*. 36,000 + 30,000 + 24,000) 90,000
V$$M$ yz M$ 15% ^
(12,000 + 9,000 + 6,000)
27,000
State the rules relating to set off and carry forward of losses.
Arundhati Roy submitted the following particulars. Compute advance tax payable for the
financial year :
Tax deduction
(a)
(b)
(c)
Income
By payer
Rs.
Rs.
2,00,000
90,000
60,000
1,50,000
20,000
70,000
3,000
6,00,000
18,000
20,000
6,000
(d)
Bank interest
(e)
(f)
(g)
(h)
2,40,000
60,000
(i)
2,00,000
16,000
(DCM 25)
*.
(a)
Z $ B$$$
2,00,000
(b)
M $y yyy$
90,000
(c)
(d)
M$ yz
(e)
$$Z V$#
(f)
rZ V$#
(g)
s V$ Z V$#
(h)
(i)
1,50,000
20,000
70,000
3,000
6,00,000
18,000
20,000
6,000
A M$ *. 20,000 ^
2,40,000
60,000
WY# > M i
2,00,000
16,000
V$# M B$ ^_ $$ *. 27,500.
12.
The following particulars have been provided by Mr. Kiran in the capacity of Karta of a
Hindu Undivided family.
(a)
Profit from familys business Rs. 20,000 after charging an amount of Rs. 3,000 given as
salary to Kartas brother who has been actively participating in the business of the
family.
(b)
(c)
(d)
(e)
(f)
Long term capital gain from transfer of investment Rs. 8,000 (acquired in March, 1994).
(g)
(h)
(i)
Rental value of a house property let Rs. 12,000, municipal taxes paid in respect of
house Rs. 1,200.
Compute total income of family for current assessment year.
6
(DCM 25)
(b)
(c)
(d)
(e)
M>M $* {M *. 4,700.
(f)
(g)
(h)
ht M> $y *. 10,000.
(i)
V $y B$ *. 12,000 #M $$ ^# *. 1,200.
O > BV> {$ $ > >M M$r$ B* V^y.
(DCM 25)