NIMS SCHOLLS OF HUMANITIES, SOCIAL SCIENCE AND COMMEERCE
DEPARTMENT OF COMMERCE
B.COM (Hons)2ND SEMESTER
Advanced Financial Accounting (CC19C10 105T)
Write any Five Questions. Each question carries 14 Marks. Time : 3hours
Max. 70 Marks
UNIT- I
Q1.What do you mean by dissolution of Firm ? How does it differ from dissolution of
partnership ?
Q2. Explain, in detail, the various circumstances which cause the dissolution of Firm.
Q3.In the absence of an agreement, what are the provisions laid down towards settlement of
Accounts amongst the partners?
Q4. A and B sharing profits and losses in the ratio of 2:3 took out a Joint Life Policy on 1st January
2001 for Rs. 10,000 for 10 years. The premium for the whole year is Rs. 1,000. B died on 1st March
2004 and the claim was received on 1st May 2004. The books of the firm are closed on 31st
December each year. The surrender values of the policy at the end of 2001, 2002, 2003 and 2004 were
NIL, Rs. 200, Rs. 600 and Rs. 1,200 respectively. Give the necessary journal entries when Joint Life
Policy is recorded under Surrender Value Method (i.e. when premium paid is treated as asset)
Q5.Chopra, Shah and Patel were carrying on business as manufacturers of sports goods. The
profit-sharing ratio was 3:2:1 respectively.
Their Balance Sheet on 30th June 2005 was as under:
On this date the firm was dissolved.
The assets realized as under:
Plant and Machinery – Rs. 1, 00,000,Stock – Rs. 1, 20,000,Sundry Debtors – Rs. 1, 60.000
The investments were taken over by Chopra at a value of Rs. 20,000. He also agreed to pay Mrs.
Chopra’s loan. During the course of realisation it was found that a bill for Rs 50,000 previously
discounted by the firm was dishonored and had to be paid.Expenses of realisation come to Rs
8,000.
Prepare Realisation Account, Partners’ Capital Account and Cash Account.
Unit 2:
1. Differentiate between Capital and Revenue Expenditures with examples.
2. Explain the steps for preparations of Financial Statements.
3. Write a short note on:
(a) Statement of Affairs Method
(b) Conversion Method
Unit 3:
1. What is Depreciation? Briefly explain the nature of Depreciation.
2. A company purchased a lease for 3 years for Rs 3,00,000 on 1st April. 2009
and decided to provide for its replacement by means of an insurance policy for
Rs 3,00,000. The annual premium is Rs 89,500. On 1st April, 2012 the lease
is renewed for a further period of 3 years for Rs 3,30,000. Show the necessary
ledger accounts.
3. Explain the factors in measuring the Depreciations. Also write the features of
Accounting Standards.
4. What are the methods of computing Depreciation? Explain them in details.
5. Differentiate between Straight Line Method and Diminishing Balance Method.
Unit 4:
1. What do you mean by Inventories ? Explain the significance of Inventory
Valuation.
2. Adnan Naeem Imports, Ltd has the following information about the inventory
of electronic components for October 2016.
At the end of October, 220 components remained in inventory.
If uses the FIFO method of allocating inventory, what would is the cost of
goods sold for October?
3. Prepare Store Leger Card (FIFO, LIFO and Average) from the following data.
July 01 Balance b/d ………………50 Units ……………@ 10 Each
July 05 Purchases …………………30 Units ……………@ 12 Each
July 09 Purchases …………………60 Units ……………@ 9 Each
July 13 Sales …………………………70 Units ……………@ 18 Each
July 23 Purchases …………………40 Units ……………@ 8 Each
July 26 Purchases ……………….20 Units ………………@ 16 Each
July 30 Sales …………………………90 Units ……………@ 19 Each
4. Explain the methods of calculating Inventories with examples.
5.
UNIT-II
UNIT-III
UNIT-IV
NIMS SCHOLLS OF HUMANITIES, SOCIAL SCIENCE AND COMMEERCE
DEPARTMENT OF COMMERCE
B.COM (Hons)2ND SEMESTER
Business Law-2(CC 19C10 106T)
Write any Five Questions. Each question carries 14 Marks. Time : 3hours
Max. 70 Marks
Q1.What do you mean by termination or discharge of contract ? Explain the methods of
termination of contracts?
Q2. What do you understand by Contracts of Indemnity and Guarantee?.Explain the
difference between the Contract of Indemnity and Guarantee.
Q3.Explain in detail the rights of a Surety under the contract of Guarantee.
Q4.What do you mean by “ Bailment” ? How does it differ from pledge ?
Q5. Explain in brief the rights and duties of Principal under the Contract of Agency..
UNIT-II
Q6.Distinguish between :
(a) A Bill & a Note
(b) A Bill & a Cheque
Q7.What is a Promissory Note ?.What are its essential elements ?
Q8.Define a holder in due course. What are his privileges undthe Negotiable Instrument Act ?
Q9.Explain clearly what is meant by Negotiation. How is it effected and in what way does it
differ from an Ordinary Assignment?
Q10.When is the Negotiable Instrument said to be discharged? What is the difference
between discharge of an Instrument and discharge of a party to an Instrument ?
UNIT-III
Q11.What is a Contract of Insurance ? What is its nature ?Explain the Fundamental
Principles of Insurance.
Q12.”The Essence of a Contract of Insurance is that it is a contract of indemnity”.Discuss.
Q13. What are the essentials of a life Insurance Contract?How do they differ from those of
Fire and Marine Insurance?
Q14.Define a Contract of Marine Insurance.What are the essential features of such a
Contract?
Q15.Explain Subrogation and average in Fire and Marine Insurance.
UNIT-IV
Q16. What in information Technology ?Explain important definitions envisaged in the Information
Technology Act..
Q17.Write short notes on:
(a)Digital Signature
(b)Electronic Governance
Q18.Explain in brief the Provisions related to Penalties and adjudications under the Information and
Technology Acrt.
Q19.What do you understand by acknowledgement and dispatch of electronic records?Explain.
Q20., Explain the various types of Offences and the Penalties under the Information Technology Act.
NIMS SCHOLLS OF HUMANITIES, SOCIAL SCIENCE AND COMMEERCE
DEPARTMENT OF COMMERCE
B.COM (Hons)4TH SEMESTER
Cost Accounting)(,CC19C10 113T}
Write any Five Questions. Each question carries 14 Marks. Time : 3hours
Max. 70 Marks
Q1. Explain the meaning of Cost, Costing, Cost Accounting and Cost Accountancy.
Q2. What do you understand by ‘Elements of Cost’ ? Explain different elements of cost...
Q3.What are the factors to be considered for installing Costing System ? Explain in brief the
steps to be taken for installing Costing System.
Q4.. Explain the different methods of Cost Accounting and state the industries in which they can
be applied.
Q5. What do you understand by Cost Sheet. Prepare a cost sheet showing total as well as unit
cost from the following figures considering production of 25000 units of a particular product.
(i) Direct Material Rs 5,00,000/,
(ii) Direct Labour Rs 2,00,000
(iii) Other direct Expenses Rs 1,00,000/-,
(iv) Factory expenses Rs 100000/-
(v) Office & Administrative Expenses Rs75000/-
(vi) Selling and distribution expenses Rs 75000/-
(vii) Profit to be considered @ 20% on Cost of Sales
UNIT-II
Q. 7. Explain clearly the concept of Material. Mention the main requisites of an adequate system
of materials control.
Q. 8. What do you understand by Minimum Stock Level, Maximum Stock Level, Re-order Level
and Average Stock Level ?
Q. 9. Explain the important methods of pricing of materials issued and state which of these methods
is best in your opinion ?
UNIT-III
Q. 10. What is• an incentive plan for wage payment ? Discuss its
importance. Distinguish between Halsey and Rowan system of wage
payment.
Q. 15. Explain Normal Wastage, Abnormal Wastage and Abnormal gain and state how they should
be dealt with in Process Cost Accounts ?
UNIT-IV
Q. 15. Explain Normal Wastage, Abnormal Wastage and Abnormal gain and state how they should
be dealt with in Process Cost Accounts ?
11. What is the difference between apportionment of overheads and absorption of
overheads ? What are the different methods of absorption of factory overheads ? Discuss
any two of these in detail giving their merits and demerits.
NIMS SCHOLLS OF HUMANITIES, SOCIAL SCIENCE AND COMMEERCE
DEPARTMENT OF COMMERCE
B.COM (Hons)6TH SEMESTER
Money & Financial System)(CC 19C10 124T)
Write any Five Questions. Each question carries 14 Marks. Time : 3hours
Max. 70 Marks
Q1. What do you mean by Money? What are the importance of money?
Q2. What do you mean by High Powered money? What are its uses ?
Q3.Explain various sources of changes in High Powered Money.
Q4.Explain the alternative measures to money supply in India.
Q5. What are the various alternative measures on money supply in India.
UNIT-II
UNIT-III
UNIT-IV
NIMS SCHOLLS OF HUMANITIES, SOCIAL SCIENCE AND COMMEERCE
DEPARTMENT OF COMMERCE
B.COM (Hons)6TH SEMESTER
Management of Working Capital)( CC19C10 125T)
Write any Five Questions. Each question carries 14 Marks. Time : 3hours
Max. 70 Marks
Q1.What do you understand by Working Capital ? Briefly explain its nature & scope.
Q2. What is working Capital Cycle? Explain its components in detail.
Q3.Explain how the Working Capital requirement are assessed .
Q4.Explain the Profitability–Liquidity trade-off in working capital management.How it helps
in decision making?
Q5. Give an overview of the working capital management.
UNIT-II
UNIT-III
UNIT-IV
NIMS SCHOLLS OF HUMANITIES, SOCIAL SCIENCE AND COMMEERCE
DEPARTMENT OF COMMERCE
M.COM 4TH SEMESTER
(Tax Planning)(CC 19D10 121T)
Write any Five Questions. Each question carries 14 Marks. Time : 3hours
Max. 70 Marks
Q1.Explain the Nature and Objectives of Tax Management.
Q2. Differentiate between “Tax Avoidance” & “Tax Evasion”.
Q3.Write short notes on:
(a) Assessment year
(b) Previous year
Q4.What do you understand by Assessee ?Explain the different types of Assessees .
Q5.What do you mean by “ Residential Status”. Explain briefly how to determine residential
status of an individual.
UNIT-II
UNIT-III
UNIT-IV
NIMS SCHOLLS OF HUMANITIES, SOCIAL SCIENCE AND COMMEERCE
DEPARTMENT OF COMMERCE
M.COM 4TH SEMESTER
Management of Working Capital)(CC 19D10 123T)
Write any Five Questions. Each question carries 14 Marks. Time : 3hours
Max. 70 Marks
Q1. What is working Capital Cycle? Explain its components in detail.
Q2.Explain how the Working Capital requirement are assessed .
Q3.Explain the Profitability–Liquidity trade-off in working capital management.
Q4. Explain in detail the working capital policies
Q5.What is working Capital Management. Give an overview of Working capital
Management..
UNIT-II
UNIT-III
UNIT-IV
