b com term 3 assignments june 2012 2013 2 index 252693

1

B.COM (TERM 3)

ASSIGNMENTS JUNE 2012-2013

2

INDEX

• ASSIGNMENT GUIDELINES 3-5

• LIST OF COURSES 5

• ASSIGNMENT 1 6-8

• ASSIGNMENT 2 9-11

3

ASSIGNMENT GUIDELINES

No. of Assignments:

Credits (per

course)

No of Assignments (per course)

No of Assignments to be

submitted

Calculation of Marks

4 Credits 2 assignments 1 best assignment out of 2

6 Credits 2 assignments 1 best assignment out of 2

8 Credits 3 assignments 2 best assignments out of 3

Weight age (Continuous Assessment): 20%

Syllabus Coverage*

If number of Assignments = 2

Assignment I: First 40% of the Syllabus

Assignment II: Next 30% of the Syllabus

If number of Assignments = 3

Assignment I: First 30% of the Syllabus

Assignment II: Next 20% of the Syllabus

Assignment III: Next 20% of the Syllabus

Structure of Assignment (Each assignment will contain 3 questions as follows:

Course

Credits

No of

Assignments

(per course)

Maximum

Marks

Pattern of Assignments Basis of Marks calculation

Course

with 4

Credits

2 Assignments 20 Marks each Type of Questions: Memory

based

Total Number of Questions: 3

Q1: 10 Marks (having 5 sub parts);

Q2: 5 Marks; Q3: 5 Marks

1 best assignment out of 2

Courses

with 6

Credits

2 Assignments 20 Marks each Type of Questions: Memory

based

Total Number of Questions: 3

Q1: 10 Marks (having 5 sub parts);

Q2: 5 Marks; Q3: 5 Marks

1 best assignment out of 2

Courses

with 8

Credits

3 Assignments 10 Marks each Type of Questions: Memory

based

Total Number of Questions: 3

Q1: 3 Marks; Q2: 3 Marks;

Q3: 4 Marks

2 best assignments out of 3

4

Important Instructions:

1. Students are required to make handwritten assignments in his or her own handwriting.

2. Students are required to submit the assignments in their respective study centre (in case of

change of study centre, assignments are required to be submitted in the newly allotted study

centre)in a prescribed format (Annexure i).

3. Students are required to make assignments on their own. Direct copying of assignment from

another student(s)/ SLM/ Internet/ or any other resource material is not allowed. If found guilty,

zero marks will be awarded to the student(s).

4. Assignments and Submission Dates will be provided to the student through their LPU e-Connect as

per the schedule given in Academic Calendar.

5. Late submission of assignments will not be accepted in any case and the student(s) who fail to

submit the assignments will be awarded zero marks.

6. The marks of the assignments will be made available for students to view through their LPU e-

Connect account.

7. The assignment should be solved according to Medium of Instruction explained in Programme

Guides.

General Guidelines

1. Paper Size must be A4 and margins should be maintained on all pages as follows:

Left margin = 1.5” (wider for binding) Top, right & bottom margins = 1”

2. Assignment should contain page numbers (1, 2, 3….) starting from first question.

3. Students should use blue/ black colour pen only.

4. Page number should be placed at the bottom- center of page.

Sequence of Items Required in Assignment

1. Title page (Annexure i)

2. Table of Contents

3. Main Description

5

Annexure i

Lovely Professional University Directorate of Distance Education

Signature of Student:

Date of Submission:

LIST OF COURSES

Submitted To:

Study Centre Code:

Location:

Submitted by:

Registration Number: N a m e o f t h e Student:

Programme Code: Programme Name:

Course Code: Course Title:

Assignment No.: Mobile No.:

B.Com

Course Code Course Title Cr. CA ETE(Th.) ETE(Pr.)

TERM 3

DCOM201 ACCOUNTING FOR COMPANIES-I 4 20 80 0

DCOM202 COST ACCOUNTING-I 4 20 80 0

DCOM203 QUANTITATIVE TECHNIQUES-I 4 20 80 0

DCOM204 AUDITING THEORY 4 20 80 0

DECO201 MACRO ECONOMICS 4 20 80 0

6

ASSIGNMENT 1

Course Code: DCOM201

Course Title: ACCOUNTING FOR COMPANIES-I

ASSIGNMENT 1

Maximum Marks: 20

Ques 1: Answer the following

(a) State the meaning of forfeiture of shares.

(b) What do you mean by right issue of shares?

(c) What are the legal restrictions on redemption of preference shares?

(d) Explain the circumstances where buy back is not allowed.

(e) What is capital redemption reserve account? How is it created? [2*5=10]

Ques 2: All Time Entertainment Ltd. issued 50,000 shares of Rs 10 each at a premium of Rs 4

per share payable as Rs 3 per share on application, Rs 7(including premium) on allotment and

the balance on call. Akbar who was allotted 300 shares failed to pay the allotment amount and on

his subsequent failure to pay the call money his shares were forfeited. Make the journal entry for

the forfeiture of 300 shares. [5]

Ques 3: The Balance sheet of Sonex Limited as on 31 March 2006 was as under:

Liabilities Rs Assets Rs

5,000, 8% preference shares of

Rs 100 each fully paid

1,00,000 equity shares of Rs 10

each

Profit and loss Account

General reserve

Creditors

5,00,000

10,00,000

3,00,000

2,50,000

4,50,000

Sundry assets

Bank balance

21,25,000

3,75,000

25,00,000 25,00,000

The preference shares are redeemable on April 1, 2006 at a premium of 10%. The redemption

was duly carried out on the due date, assuming that the company raised the necessary loan

from the bank. Show the necessary journal entries in the books of Sonex Limited.

[5]

—————————————————

Course Code: DCOM202

Course Title: COST ACCOUNTING -I

ASSIGNMENT 1

Maximum Marks: 20

Ques 1: Answer the following

(a) Define Out of pocket cost.

(b) Base Stock Method.

(c) Explain ABC analysis with the help of example.

(d) What are the objectives of good system of material control?

(e) Discuss the importance of Cost Accounting. [2*5=10]

Ques 2: In A factory, component A is used as follows:

7

Average/Normal usage 50 kg per week

Maximum usage 75 kg per week

Re-order period 4 to 6 weeks

Minimum usage 25 kg per week

Reorder quantity 300 kg

Calculate

1. Re-order level

2. Maximum level

3. Minimum level

4. Average stock level [5]

Ques 3: The following data has been from the records of Centre Corporation for the period from June 1 to

June 30, 2005, Draft the cost sheet. [5]

Particulars 1st June 2005 30th June

Cost of raw materials 60,000 50,000

Cost of work in progress 24,000 30,000

Cost of finished good 1,20,000 1,10,000

Transaction during the month

Purchase of raw materials 9,00,000

Wages paid 4,60,000

Factory overheads 1,84,000

Administration overheads 60,000

Selling overheads 40,000

Sales 18,00,000

———————————————————

Course Code: DCOM203

Course Title: QUANTITATIVE TECHNIQUES -I

ASSIGNMENT 1

Maximum Marks: 20

Ques 1: Answer the following

(a) Define Secondary data.

(b)Write limitations of statistics.

(c) Define Questionnaire.

(d)Discuss the uses of geometric mean.

(e) Explain the meaning of Median. [2*5=10]

Ques 2: In an examination of 675 candidates, the examiner supplied the following information:

Marks Obtained (Percentage) Number of Candidates

Less than 10 7

Less than 20 39

Less than 30 95

Less than 40 201

8

Less than 50 381

Less than 60 545

Less than 70 631

Less than 80 675

Calculate the mean percentage of marks obtained. [5]

Ques 3: Discuss briefly the applications of statistics. [5]

————————————————

Course Code: DCOM204

Course Title: AUDITING THEORY

ASSIGNMENT 1

Maximum Marks: 20

Ques 1: Answer the following

(a) A, who was a member of the Institute of Chartered Accountants of India, is of Unsound mind. Can he be

appointed as auditor of a company?

(b) Define Auditing.

(c) Define Audit evidence

(d) What is an Audit note book?

(e) What are the different types of Audit? [2*5=10]

Ques 2: What are the objectives of auditing? Explain briefly. [5]

Ques 3: Differentiate between Auditing and Investigation. [5]

—————————————————-

Course code: DECO201

Course Title: MACRO ECONOMICS

ASSIGNMENT 1

Maximum Marks: 20

Ques 1: Answer the following

(a) Discuss the Circular Flow of Income in a 2 sector economy.

(b) Define ‘neutrality of money’.

(c) What are the assumptions of Say’s Law?

(d) What are the main factors determining consumption of spending?

(e) What do you understand by the paradox of thrift? [2*5=10]

Ques 2: Discuss the features of aggregate demand (AD). Explain the derivation of AD curve.

[5]

Ques 3: Distinguish between classical and Keynesian theory. [5]

————————————————

9

ASSIGNMENT 2

Course Code: DCOM201

Course Title: ACCOUNTING FOR COMPANIES-I

ASSIGNMENT 2

Maximum Marks: 20

Ques 1: Answer the following

(a) What do you mean by interest on own debentures?

(b) What is a sinking fund? Explain how it is created?

(c) Explain issue of debentures as collateral security.

(d) Explain the meaning of Ex-interest and Cum-interest.

(e) Explain marked and unmarked applications. [2*5=10]

Ques 2: A Ltd. issued 1, 00,000 equity shares. The whole of the issue was underwritten as follows:

X-40% ; Y- 30% ; and Z – 30%

Application for 80,000 shares were received in all, out of which applications for 20,000 shares had the stamp

of X ; those for 10,000 shares that of Y ; and 20,000 shares that of Z. The remaining applications for 30,000

shares did not bear any stamp. Show the liability of the underwriters. [5]

Ques 3: XYZ Ltd. had Rs 4,50,000, 6% debentures outstanding on 1st April 2008. On that date the debenture

redemption fund stood at Rs 3,75,000 represented by Rs 4,42,500, 3% loan of the Unit trust of India. The

annual Installment added to the debenture redemption fund was Rs 61,725. On 31st March 2009, the balance

at bank was Rs 80,000. On that date interest on investments was received, the investment were sold at 83%

net and the debentures were paid off.

Show 6% debentures Account, debenture redemption fund Account and Debenture redemption fund

investment Account. [5]

—————————————————

Course Code: DCOM202

Course Title: COST ACCOUNTING -I

ASSIGNMENT 2

Maximum Marks: 20

Ques 1: Answer the following

(a) Define Normal idle time.

(b) Difference between job evaluation and job analysis.

(c) What do you mean by Absorption of Overheads?

(d) Difference between job and batch costing.

(e) Define the term Work Uncertified. [2*5=10]

Ques 2: The contract price of a contract undertaken by Rohan ltd on I st july,2011 was Rs 300000. Following

expenses were incurred on the contract.

Material consumed 72500

10

Material in hand on 31 mar,2012 30000

Direct wages 40000

Direct expenses 42000

Plant purchased 50000

The contract was completed on 31 mar 2012 and the contract price was duly received. Provide depreciation

on plant 10% per year and charge indirect expenses @ 20 % on direct wages. Prepare contract account and

contractee’s account. [5]

Ques 3: From the following particulars, workout the earnings of a worker under:

1. Halsey premium system and

2. Rowan system

Standard time 10 hours

Standard Rate 2 per hour

Time Taken 8 hours [5]

———————————————————

Course Code: DCOM203

Course Title: QUANTITATIVE TECHNIQUES-I

ASSIGNMENT 1

Maximum Marks: 20

Ques 1: Answer the following

(a) Write any two differences between correlation and regression.

(b) Write two advantages of studying Spearman’s correlation coefficient method.

(c) What are index numbers?

(d) Define coefficient of variation.

(e) If two coefficient of regression are -0.4 and -0.9, find the value of coefficient of correlation.

[2*5=10]

Ques 2: Find the Karl Pearson coefficient of correlation from the following data [5]

Profit 39 65 62 90 82 75 25 98 36 78

Sales 47 53 58 86 62 68 60 91 51 84

Ques 3: Calculate Fisher Ideal index number for the year 1999 with 1988 as the base year [5]

1986 1986 1996 1996

Commodity Price(Rs) Quantity Price(Rs) Quantity

A 5 25 6 30

B 3 8 4 10

C 2 10 3 8

D 10 4 3 5

—————————————————–

11

Course Code: DCOM204

Course Title: AUDITING THEORY

ASSIGNMENT 2

Maximum Marks: 20

Ques 1: Answer the following

(a) Who are the persons qualified to be appointed as Auditors of a Company?

(b) Define cost Audit.

(c) Define Management Audit

(d) Name the financial statements which are to be audited by an auditor?

(e) What are the duties of an Auditor? [2*5=10]

Ques 2: Explain the procedure of appointment of auditors. [5]

Ques 3: Differentiate between internal audit and internal check. [5]

————————————————–

Course code: DECO201

Course Title: MACRO ECONOMICS

ASSIGNMENT 2

Maximum Marks: 20

Ques1: Answer the following

(a) What are the limitations of Multipliers?

(b) Explain tax multiplier and give one example.

(c) What do you understand by the demand of money and which factors will affect the demand of money?

(d) Define open and suppressed inflation.

(e) Distinguish between static and dynamic multiplier. [2*5=10]

Ques2: With the help of an example, show how investment multiplier is calculated. [5]

Ques3: What do you understand by product market equilibrium? Explain with help of diagram.

[5]

————————————————

Attachments:

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