Search Your Paper

Tuesday, June 28, 2016

Roll  No........................
Total  No.  of  Questions  :  07

B.Com.  (Sem.–2nd)
Subject  Code  :  BCOP-201    (2011 Batch)
Paper  ID  :  [B1117]

Time  :  3  Hrs.
1. SECTION-A  is  COMPULSORY  consisting  of  TEN  questions  carrying TWO  marks  each.
2. SECTION-B  contains  SIX  questions carrying  TEN marks  each  and  students has  to  attempt  any  FOUR  questions.

1.     Write short notes on :
a.     What is Endowment Fund?
b.     What do you mean by legacy?
c.      What do you mean by minimum Rent ?
d.     Define Hire purchaser
e.      What is del-credare commission?
f.       Define Gaining ratio.
g.     What do we mean by Realization Account?
h.     What journal entry we pass for share of goodwill when a partner retires ?
i.       What is difference between consignment and sale?
j.       Distinguish between fixed and fluctuating capital?

Section –B

2.     The Punjab Club started its activities on 1.4.2009. The following is the Receipts and payment accounts of the club for the yea ending 31.3.2010. you are required to prepare an income and expenditure account and balance sheet on that :
Receipt                                    Rs.              Payments             Rs.
To subscription                       8,000                    By library books 6,000
To grant from from Non-members  15,000          By equipment       3,000
To sales of  Newspaper           5,000          by salaries            2,200
To sales of newspaper             100             by entertainment 1,000
To sales of  gross                 700                          by rent                  2,600
 To withdrawals from  Bank   7,000          by newspaper       400
                                                                   By telephone        1,100
                                                                   By bank deposits           10,000
                                                                   By balance           9,500
                                                 35,800                                      35,800

Additional information:          
a)     Grants from Govt. Rs 10,000 and donations form non-members Rs, 4,000 are to be capitalized .
b)    Depreciate books @ 10% and equipments @20%
c)     Rent Rs. 500 and Salaries Rs. 800 are due.
d)    Subscription due at the end Rs. 1,100.
3.     Mohan, Vijay and Anil are partners, the balance on their capital accounts being Rs. 30,000 Rs. 25,00 and Rs.20,00 respectively. In arriving at these figures, the profit for the year ended December 31,2011 Rs. 24,000 had already been credited  partners in the proportion in which they shared profit and their drawings were Rs.5,000( Mohan ), Rs. 4,000 (Vijay) and Rs. 3000 (Anil) in 2011 . subsequently the following omissions were noticed it was decided to bring them into account.
a.      Interest on capital at 10% p.a
b.     Interest on drawings (Mohan Rs. 250, Vijay Rs, 200 and Anil Rs. 150)
Make the necessary corrections through profit and loss adjustments account and through a journal entry.
Show the adjustment of profits foe the last three years by means of  journal entries.  
4.     Messrs ABC is firm sharing profits and losses in the ratio of 2:21. Their balance sheet as on 31st March 2011 is as below:

Liabilities                       R.s                        Assets                             R.s
Sundry creditors            12,850        land and Building          25,000
Outstanding liabilities    1,500          Furniture                        6,500
General Reserve             6,500          stock                              11,750
A’s capital                     12,000        sundry debtors               5,500
B’s capital                     12,000        cash in hand                   140
C’s capital                     5000           cash at bank                   960
                                                                                  49,850                                                                               49,850
The partners have agreed to take D as a partner with effect from 1st April 2011 on the following terms
a)      D shall bring Rs. 5,000 towards his capital
b)    The valour of stock should be increased by Rs. 2500.
c)     Provision for bad and doubtful should be provided at 10% of debtors.
d)    The furniture should be depreciated by 10%
e)     The value of land and building should be enhanced by 20%
f)      The value of goodwill be fixed Rs. 15,000
g)     General reserve will be transferred to the partners capital account
h)      The new profit sharing ratio shall be A 5/15, B 5/15, C 3/15 and D 2/15
i)       The new goodwill account shall be written back to the partners account in accordance with new profit sharing proportion.
Prepare (1) Revaluation account (2) Capital Accounts (3) Balance      Sheet of newly constituted firm.

5.     What are the entries that are passed in the case of consignment in the books of consignor?
6.     What are necessary entries that are passed in the books of lessee in the case of Royalty?

7.     Distinguish between hire purchase and instalment system. 


Post a Comment

North India Campus



North India Campus. Powered by Blogger.

Welcome to North India Campus

Search Question Paper


1st & 2nd Semester BE 1st Semester B.Com 1st Semester BBA 1st Semester BCA (D) 1st Semester Bsc. IT (D) 1st Semester Bsc. IT 1 1ST Semester M.SC IT(D) 1st Semester M.Tech 1ST Semester MBA 1st Semester MCA 1st Semester MCA (D) 2nd Sem B.Com 2nd Sem BB 2nd Sem BBA 2nd Sem BCA 2nd Sem BCA (D) 2nd Sem BSC IT(D) 2nd Sem BSC(IT) 2nd Semester MBA A Foundation Course in Human Values and Professional Ethics Accounting and Financial Management Accounting and Financial Managementm ACCOUNTING FOR MANAGEMENT Adolescence and Family Education B.Ed (2012) Adolescence And Family Education B.Ed (Dec 2013) Adolescence And Family Education B.Ed (Dec 2014) ADVANCE SOFTWARE ENGINEERING Advanced Accounting 2 ADVANCED COMMUNICATION SYSTEMS ADVANCED MATHEMATICS FOR ENGINEERS Aligarh Muslim University Applied Physics 1 B.Ed (Dec 2008) B.Ed (Dec 2009) B.Ed (Dec 2011) B.Ed (Dec 2012) B.Ed (Dec 2013) B.Ed (Dec 2014) B.Ed (June 2008) B.Ed (June 2009) B.Ed (June 2015) BA 1 Syllabus Bachelor in Science Fashion and Technology Basic Accounting Basic Chemistry Basic Electrical Engineering Basic Electronics Basic Mathematics BSC 1 Basoc Accounting BBA 1 BBA 2 BCA Question Papers BCA Syllabus 1 Bridge Course in Mathematics Bsc.IT Business Communication-1 Business Communication-2 Business Communication-I 2 Business Environment 2 Business Laws 1 Business Mathematics Business Organisation and Management Business Statistics 2 C C Programming C Programming Bsc IT 1 C Programming Lecture Videos CADM 1st Semester Communication 2 Communication and Soft Skills Communication Skills Communication Skills 1 Communicative English Computer and Education B.Ed (Dec 2011) Computer and Education B.Ed (Dec 2012) Computer Applications Computer Fundamental Computer Graphics Video Lecture Computer in Education B.Ed (Dec 2008) Computer in Education B.Ed (Dec 2009) Computer In Education B.Ed (Dec 2013) Computer in Education B.Ed (Dec 2014) Computer Mathematical Foundation MCA D Computer Networks 1st Semester Computer Operating System Computer Organization and Assembly Language Computer System Architecture 2 Corporate Accounting Curriculum and Instruction B.Ed (Dec 2009) Curriculum and Instruction B.Ed (Dec 2011) Curriculum and Instruction B.Ed (Dec 2012) Curriculum and Instruction B.Ed (Dec 2013) Curriculum and Instruction B.Ed (Dec 2014) Curriculuman and Instruction B.Ed (Dec 2008) DATA COMMUNICATION NETWORK Data Structure 2 Data Structures 2 data structures 2 BCA D Data Structures Through C 2 Database Management with Microsoft Access Bsc IT 1 Delhi University News Desktop Publishing Tools 2 Digital Circuits and Logic Design 2 Digital Circuits and Logic Design 2 BCA D Digital Electronics 2 Digital Electronics Fundamentals 2 Distance Education B.Ed (Dec 2008) Distance Education B.Ed (Dec 2009) Distance Education B.Ed (Dec 2011) Distance Education B.Ed (Dec 2012) Distance Education B.Ed (Dec 2013) Distance Education B.Ed (Dec 2014) Dot Net Interview Questions & Answers. Education and Evaluation B.Ed (Dec 2009) Education and Society B.Ed (Dec 2008) Education and Society B.Ed (Dec 2009) Education and Society B.Ed (Dec 2011) Education and Society B.Ed (Dec 2012) Education and Society B.Ed (Dec 2013) Education and Society B.Ed (Dec 2014) Education Technology B.Ed (Dec 2009) Educational Evaluation B.Ed (Dec 2008) Educational Evaluation B.Ed (Dec 2011) Educational Evaluation B.Ed (Dec 2012) Educational Evaluation B.Ed (Dec 2013) Educational Evaluation B.Ed (Dec 2014) Educational Technology B.Ed (Dec 2008) Educational Technology B.Ed (Dec 2011) Educational Technology B.Ed (Dec 2012) Educational Technology B.Ed (Dec 2013) ELECTRONICS SYSTEM DESIGN Engineering Drawing and Graphics Engineering Mathematics Engineering Question Paper set 1 Engineering Syllabus English and Communication Skills English and Communication Skills 2 Environmental Science 2 Finaicial Accounting Financial Accounting Financial Management 2 Sem Fundamentals of Information Technology Bsc 1 Guidance and Counseling B.Ed (Dec 2008) Guidance and counseling B.Ed (Dec 2009) Guidance and Counseling B.Ed (Dec 2011) Guidance and Counseling B.Ed (Dec 2012) Guidance and Counseling B.Ed (Dec 2013) HIV and Aids Education B.Ed (Dec 2011) HIV and Aids Education B.Ed (Dec 2012) HIV and Aids Education B.Ed (Dec 2013) Hotel Management and Air Lines Syllabus HP University News Human Resource Management Human Resource Management 2 Information Management Information Technology for Management Intoduction to microprocessor 2 BCA D Introduction of Computers BBA1 Introduction to Computers 2 Introduction to I.T MCA D Introduction to Information Technology Introduction to Information Technology(BCA) Kurukshetra University News Lecture 20 Clipping -- Lines And Polygons Macro Economics 2 Management Syllabus Managerial Economics Marketing Management 2 Master Of Technology M-Tech Syllabus MBA Papers MCA Notes MCA Question Papers Mercantile Law 2 Metal Cutting Question Paper Metal Forming Question Paper Micro Economics Network Security NEURAL NETWORKS & FUZZY LOGIC Object Oriented Programming in C++ Object Oriented Programming in Cpp OOP CPP 2 Operating system (BCA) Operating System Bsc IT 1 Organisational Behaviour Organization Behaviour 2 Other Universities Others Panjab University News PCM 2 BCA D PGDCA Pharmacy Syllabus Principles and Practices of Management principles of management 2 Production and Operations Management 2 Programming in C Programming in C MCA D Programming Logic Development with C Psychology of Learning and Development B.Ed (Dec 2013) Psychology of Learning and Development B.Ed (Dec 2008) Psychology of Learning and Development B.Ed (Dec 2009) Psychology of Learning and Development B.Ed (Dec 2011) Psychology of Learning and Development B.Ed (Dec 2012) PTU Affiliated Colleges of Integerated College PTU Affiliated Colleges of Management College PTU Affiliated Colleges of Architecture PTU Affiliated Colleges of Engineering PTU Affiliated Colleges of Pharmacy College PTU Forms Download PTU News and Events Quantitative Techniques RDBMS 2 RDBMS-I 2 Relational Database Management System Research Methodology 2 SAD 2 BCA D Syllabus of Computer Applications Syllabus of Journalism and Mass Communication Syllabus of Medical Laboratory Science System Analysis and Design System Analysis and Design 2 System Analysis and Design MCA D Teacher and School B.Ed (Dec 2008) Teacher and School B.Ed (Dec 2009) Teacher and School B.Ed (Dec 2011) Teacher and School B.Ed (Dec 2012) Teacher and School B.Ed (Dec 2013) Teacher of English B.Ed (Dec 2009) Teaching of English B.Ed (Dec 2008) Teaching of English B.Ed (Dec 2011) Teaching of English B.Ed (Dec 2012) Teaching of English B.Ed (Dec 2013) Teaching of Mathematics B.Ed (Dec 2009) Teaching of Mathematics B.Ed (Dec 2011) Teaching of Mathematics B.Ed (Dec 2012) Teaching of Mathematics B.Ed (Dec 2013) Teaching of Science B.Ed (Dec 2008) Teaching of Science B.Ed (Dec 2009) Teaching of Science B.Ed (Dec 2011) Teaching of Science B.Ed (Dec 2012) Teaching of Science B.Ed (Dec 2013) Teaching of Social Studies B.Ed (Dec 2008) Teaching of Social Studies B.Ed (Dec 2011) Teaching of Social Studies B.Ed (Dec 2012) Teaching of Social Studiess B.Ed (Dec 2013) Teaching of Social Study B.Ed (Dec 2009) Technical Communication UGC NET Computer Science Question Paper Uttarakhand Open University Video Lecture Web Technologies 1st Semester Web Technologies 2 Welding Technology Question Paper Workshop on IT and E-Commerce 2