Muskan Cosmetisc Full Project
Muskan Cosmetisc Full Project
Muskan Cosmetisc Full Project
PROJECT-3
"Muskan Saloon"
Muskan commenced business of selling beauty products on 1st April, 2014 with a capital of
Rs.25 lakhs. She entered into an agreement with Cosmetics India to sell the beauty products,
purchased from them on one month credit basis. During the year Muskan acquired following
assets for which the payments were made through bank.ount in `
Land 7,50,000
Building 12,50,000
Office Equipment 1,20,000
Furniture & Fixtures 1,30,000
The beauty products were to be sold for cash only and the cash proceeds were to be deposited
in the bank on the same day. All expenses except petty expenses were to be paid by bank only.
The petty cashier was given Rs. 5,000 on 1st April, 2014 under 'Imprest System'. The petty
cashier would be reimbursed the actual expenses of the month on the first day of the next
month before depositing the sale proceeds of the day.
The following information is extracted from the books of Muskan for the year ended on March
31, 2015.
Purchases 12,40,000
Sales 15,90,000
Payments through Bank accounts:
Salaries 65,000
Advance Tax paid 5,400
Electricity expenses 7,600
Telephone expenses 5,900
Advertising expenses 6,000
Opening ceremony expenses 3,000
Petty expenses 16,900
Printing & Stationery 2,000
The following expenses were not yet paid but need to be provided for computing current year's
income:
Salaries of ` 6,700, electricity expenses of ` 800 and telephone expenses of ` 300. The cash
with the petty cashier on 31st March, 2015 were ` 1,500. The purchases for the month of March,
2015 amounted to ` 1,00,000. The company paid for purchases as per terms agreed upon.
Closing stock as at 31st March, 2015 was ` 500. Charge depreciation on building @ 2%.
Provision for Tax liability required to be made of ` 6,000.
A. Prepare Trial Balance, Income Statement for the year ended 31st March, 2015 and Balance
Sheet as at 31st March, 2015.
B. 1. Cosmetics India wants to know the short term financial position of Muskan Saloon
before extending the agreement on credit policy for the next year.
2. Muskan is interested in knowing :
a) The profitability and cost efficiency of the firm in terms of "operating expenses to
sales" and
b) The efficiency with which the capital, fixed assets, working capital and the total assets
of the company have been utilized.
PROJECT NO. 4
M/s Steel Products
Raghu was a 24 years old resident of Rampur village in Bihar. He did B.Com (Hons.) from Bihar
University, Patna. He belongs to a middle class family and always wanted to be a successful
businessman but unable to decide the business which would best suit him. One day, while
talking with his friend, he got convinced about starting the business and on 1 st April, 2014 he
started a Steel Pipes and Angles business at a backward area of Bihar. He introduced capital of `
70,000 in cash and ` 20,000 through cheque. he took a loan of ` 8,00,000 from ICICI Bank at a
rate of interest of 10% per annum by pledge of his property. He purchased
iron rods from Ram & Co. worth ` 20,000 on credit, machinery ` 40,000, furniture ` 10,000 and
small piece of land for ` 1,00,000 on the same date. He hired 10 workers on 1st April and
agreed to pay them wages of ` 12,500 each p.a. On 12th April, he returned goods worth ` 2000
to Ram and Co. being defective goods. He withdrew goods worth ` 4,000 for domestic use on
the same date. On 30th May, he sold steel pipes to Gupta & Co. worth ` 35,000 on credit. On
30th June, he sold steel angle worth ` 50,000 to Kumar & Co. as per the payment terms, 50% in
cash, 30% through cheque and drew a bill for balance. On 4th July, Gupta & Co. who drew some
defects in the pipes, returned the same worth ` 10,000.Raghu paid office and administrative
expenses of ` 2,000 and selling and distribution expensesof` 5,000 on 6th July and
advertisement expenses of ` 10,000 on 3rd August. On 4th September, he purchased iron rods
worth ` 25,000 from Khanna and Co. who drew a bill for 6 months on Raghu, which he duly
accepted. On 9th October, goods worth ` 10,000 were lost due to theft, however an insurance
company admitted a claim of ` 5,000. On 17th October, Raghu paid `
6,000 to Ram & Co. On 16th December, he received ` 10,000 from Gupta and Co. Wages paid in
advance were `
10,000 on 15th January. On 22nd January, Raghu contributed ` 8000 to the Prime Minister's
Relief Fund. A part of the machinery broke down on 12th February, ` 2,000 was incurred for its
repairing.
On 2nd March, Raghu sold steel rods worth ` 60,000 to Sharma and Co. and received ` 20,000 in
cash and balance was payable after 3 months. He sold steel rods worth ` 65,000 to Rakesh and
Co. for cash on 4th March. On 15th March Sharma became insolvent and 50 paise in a rupee
were received from his estate. On 20th March, Raghu purchased iron rods worth ` 3,33,000 from
Shyam and Co.
The following transactions took place on 31st March 2015
Wages paid ` 1,15,000
Electricity bills paid ` 7,000
Heating and lighting expenses ` 5,500
Telephone charges ` 3,000
Carriage and freight ` 1,000
Miscellaneous expenses ` 500
On 31st March 2015, closing stock was valued at ` 4,40,000; depreciation on furniture and
machinery is to be provided @ 10% p.a.; interest on capital to be provided @ 5% p.a. and
interest on drawings to be charged @ 2% p.a.
You are required to:
a) Pass journal entries, post them into the ledger accounts and prepare a Trial Balance.
b) Prepare, Trading and Profit & Loss A/c for the year ended 31st March, 2015 and Balance
Sheet as at 31st March, 2015 and analyze the profitability and the financial position of the
business.Decide whether the business is a success or a failure.
Business Studies
Q1. Rajveer works as a plant superintendent in a carpet making factory. In order to complete the export orders on time,
the production manager asks him to make the workers work over time whereas the finance manager is strictly against
this practice because it will increase the cost of production. Moreover , Rajveer feels that since the company is
manufacturing handmade carpets as well as machine made carpets there is a lot of overlapping of activities . Therefore
, there should be two separate divisions for both of them wherein each division should have its own in charge, plans
and execution resources. In context of the above case:
(a) identify and explain the principle of management which is being violated.
(b) also identify the principle of management that rajveer feels should be implemented in the factory.
(c) give any two differences between the principle of management as identified in part(a) and part(b) respectively.
Q2. Neeraj is selected for the post of software developer in an IT company. On the first day of his joining Mehul, his
project manager tells Neeraj that during the course of his work he will come across many such opportunities which may
tempt him to misuse his powers for individual or family’s benefit at the cost of larger general interest of the company.
In such situations, he should rather exhibit exemplary behaviour as it will raise his stature in the eyes of the company .
also, for interacting with anyone in the company on official matters, he should adopt the formal chain of authority and
communication.
In context of the above case: Identify and explain the various principles of management that Mehul is advising Neeraj
to follow while doing his job.
Q3. Distinguish between Taylor and Fayol on the basis of personality.
Q4. In a manufacturing company as many as 100 labourers are working in the production department . Eight
specialists have been appointed to look after their work to issue command to them and to listen to their complaints.
They give advice to the labourers on different issues relating to their work.
(a) What technique of scientific management is being followed here? Explain that technique?
(b) Which principle of management is being ignored in this case. Explain the violating effects of this principle?
Q5. Mr. Sumsham is the CEO of perfect shoes limited . Before joining this company , he used to work as
management expert. The pecuiliarity of Mr. Khan is that he observes very minutely every small or big activity . Likewise
, he gives equal importance to what is said by every junior or senior person.
He is not satisfied with the performance of the production department. This department discharges the funcions of
both production and stock. Both the activities of the department are in a state of chaos. Mr. Khan took personal
interest to scrutinize this dismal state of affair. He found that shoes of several sizes were being made . some of the sizes
were not needed. As a consequence , there was wastage of material , machines and manpower. It was the biggest
weakness of the department.
During the survey of production department, Mr. Khan also noticed that many persons while doing work were making
certain movements that were least needed. It slowed down the pace of production.
MR. Khan was an experienced management expert. He knows that to utilize cent- percent production capacity of the
employees they need be provided healthy and clean environment . He therefore, paid special attention to this aspect.
Besides, he believes that whether male or female, they must be given equal facilities, equal rights and equal
opportunities for promotion.
(a) By which technique of scientific management wastages occurring in production department can be prevented.
Explain?
(b) Highlight the technique of scientific management used to enhance the pace of work in production department.
Explain?
(c) Which principle of management is being followed here? ? quote the lines.
(d) What value is being offered by the company to the employees?
Q6. The principles of management are not rigid prescriptions, what does this highlight about nature of principles of
management?
Q7. In one of the priciples of scientific management, taylor emphasizes that there should be equal division of work
and responsibility between workers and management should work almost side by side with workers helping and
smoothing the way for them . identify that principle and explain it?
Q8. Management system can be adopted and used in various non- profit making concerns
like educational institutions, hospitals, clubs and societies. Which feature of
management represent through this? Explain that feature?
Q9. Management is a process consists of number of functions like planning, organizing, staffing , controlling and
directing. It represents which feature of management? Explain that feature?
Q10. Bharti Airtel support local schools with logistical and financial support , capacity building of teachers and
infrastructure development. Which business objective is satisfied through this function?
Q11 . Hindustan entertainment company is organizing circus shows internationally for the last thirty years. Their
shows have been successful across the globe . of late , their shows are not as popular as they were in the past. They are
thinking of bringing in necessary changes in their shows to gain popularity.Identify which characteristics of
management they reflect in their business management . Give reasons?
Q12. Sumit has completed his MBA from IIM – Bombay . He joined his family business . During one of the meeting ,
he started referring to management books and theories to handle customers and manage competitors. On this , his
father commented, Books give overview but it is the experience and skills which comes handy while managing
customers and preparing strategies to have an edge over competitors. State and explain the nature of management
that has been explained in this para?
Q13. In Uflex ltd , the purchase department purchased 200 tonnes of flex sheet for production of flex hoarding
ignoring the requisition of 150 tonnes placed by production department. As a result, there was overproduction o flex
hoardings. The extra hoardings were not accepted by sales department, consequently extra hoardings remaind unsold.
On the basis of the given information, about Uflex ltd. Answer the following questions:
(a) Identify the aspect of management which is lacking in above situation?
(b) Explain the situations when need for this aspect of management arise?
Q14. Kitchenking enterprises are producers of hand operated grinders. Now with a lot of women in the society going
in for jobs there is a greater demand for a product which is more effiecient and works at a great speed . on realising
this change, the company decided to enter into the market for producing electronically operated mixers and grinders
and food processors. Which level of management will take this decision? Explain its two functions also?
Q15. Identify the functions of management in the following:
(a) Short listing, interviewing and selecting people to perform specific tasks in the organization.
(b) Giving instructions, leading and motivating employees to accomplish desired goals.
(c) Arranging physical and human resources , assigning responsibilities and authorities for effective
implementation of plans.
(d) Establishing business objectives , setting targets , drafting policies and plans to achieve the set goals
(e) Comparing the actual results with plans and taking corrective actions if any deviation
Q16. Production manager complains that whole production is not sold in time and there is a problem of storing the
finished goods. Marketing manager complains that finance department is not allowing it to clear the stocks at a
discount since there will be a revenue loss . as a student of management what type of problem you think the business is
suffering from? Name the concept ? define it ? explain its three features also?
Q17. Hema is one of the most successful managers of her company, Kobe ltd. she uses her creativity and initiative
in handling challenging situations at work. The knowledge gained by her during her student days at a renowned
management institute as well as through her observation and experience over the years is applied by Hema in a skillful
manner in the context of the realities of a given situation. She often reads books and other literature in various fields of
management to keep her knowledge updated.
(a) An aspect of the nature of management is being highlighted in the above description. Identify the aspect.
(b) Explain any three features of the aspect identified in part(a)
Q18. What does the term span of management refer to?
Q19 In order to successfully realise the objective of an organization, first of all it is ensured which activities will have
to be performed. In the list of activites, all the activities , both big and small are included. But it is not possible to set up
separate departments for all the activities . some similar activities are put together in the same department . in this
way some necessary departments are set up . the reason for doing so is to exercise control over unnecessary
administrative expenses. Identify and explain the step of the process of one of the function of management , explain
that?
Q20. Some friends joined together and set up a multi product company. Their company makes four different
products . three products of the company have been successfully launched in market. But the company has not
succeeded to launch the fourth product in market. What sort of organistional structure , in your view might have been
adopted by the company identify and state, explain three advantages of that structure also
Q21. Surakhshit service providers limited is a well known company for removing the routine problems of the people.
This company provides all types of big or small services:namely health services, complaints regarding electricity faults .
complaints about faults in electronic items, complaint about faults in vehicles etc. this company has opened its offices
at different places. The policy of the company is that women should be preferred to be appointed as the heads of every
office. Besides under this policy some positions shall be reserved for handicapped women also. The head of every
office shall have the full authority to take decisions concerning the activities of her office. E.g every head shall be
completely free to bargain with customers regarding the fee to be realized from them. Which concept of management
has been mentioned in the paragraph given above.
Explain its four advantages also?
Q22. Mrs. Sadhna is the divisional manager of the export division of Swad tea ltd. For some time since past a
restriction has been imposed on export of tea. It is evident that the company’s export business depends on the
government policy. Recently there has been a change of government in the centre. As soon as the new government
took over, it removed the restriction imposed on the export of tea. With the coming of this news the division under
Mrs. Kidwai heaved a sigh of relief.
(a) The change of government is having its impact on the two dimensions of business environment . identify and
explain them.
(b) Identify and explain one of the characteristics of business environment described.
Q23. The data collected by the different government departments showed that the speed of the economic growth
of the country was slow. The government was worried over such a situation . on investigation it was revealed that the
people were disillusioned with industry. In order to attract the attention of the people towards industry, the
government finished the compulsion of obtaining license for several types of industry. The restriction imposed on
transporting goods from one place to another were removed. The producers were given freedom to fix prices of goods
and services . similarly , the government simplified the policy of import and export also. Within a few days the positive
results of such an approach became evident. Identify the concept of business environment described and explain it.
Q24. Mrs. Sadhna is the divisional manager of the export division of Swad tea ltd. For some time since past a
restriction has been imposed on export of tea. It is evident that the company’s export business depends on the
government policy. Recently there has been a change of government in the centre. As soon as the new government
took over, it removed the restriction imposed on the export of tea. With the coming of this news the division under
Mrs. Kidwai heaved a sigh of relief.
(a) The change of government is having its impact on the two dimensions of business environment . identify and
explain them.
(b) Identify and explain one of the characteristics of business environment described.
Q25. Mr. vinod , chairman of vinod construction co. is involved in constructing residential flats in Ludhiana. Recently ,
he has got the contract of constructing 500 flats for which payment will be received in instalments from customers. He
conducts a meeting with his architects, interior decorators, staff and labour contractors like mason, electrician,
plumber etc. he gives the goal of constructing 500 flats within a year . after looking at disaster created by Nepal
earthquakes , he instructed his architects to make arrangements for earthquake resistance building. Different
departments were created for different nature of work and work was divided in such a way that it helps in avoiding
confusion and misunderstanding. During, summer season , a lot of labour moves back from cities to their native places
due to harvest season, so, provision of this should also be taken care of. Sometimes, as per the situation, managers
have to choose among various alternative course of action. The managers are given the target of completing at least
10% of work every month and actual work done will be compared with the target and necessary action would be taken
if deviation would be found there.
By quoting lines from the given paragraph link it to the various importance of planning as a function of
management?
ECONOMICS
1) A consumer budget is Rs. 40. He is buying good-1 and good-2. Price of good-1 is Rs.8 per unit and of good -2 is Rs.
10 per units. Draw a budget line on the basis of these figures.
2) A consumer wants to consume two goods. The prices of the goods are Rs.4 and Rs.5 respectively. The consumer's
income is Rs. 20.
(i) Write down the equation of budget lines.
(ii) How much of good-1 can the consumer consume if she spends her entire income on that good.
(iii) How much of good-2 can she consume of she spends her entire income on that good?
(iv) What is the slope of budget line.
3) Explain the Central Problem. What to produce with the help of PPC.
4) Give the properties of budget line?
5) Distinguish between Centrally planned economy and Mixed economy.
6) If resources are scarce, How do you explain massive unemployment in India?
7) What will be the impact of large scale outflow of Foreign Capital on PPC of the economy and why?
8) Both value added and value of output are identical concepts.Explain.
9) What are externalities? Give an example of positive externality and its impact on welfare of the people.
10) Write down the three identities of calculating the GDP of a country by the three methods. Also briefly explain why
each of these should give us the same value of GDP.
11) Explain the components of domestic factor income.
12) In the present scenario when the industrial growth is low, do you think a cut in repo rate by the RBI would
accelerate the pace of economic growth?
13) State briefly the various instruments of monetary policy.
14) Explain the currency authority function of Central Bank.
15) Briefly outline the steps involved in the estimation of national income with the help of expenditure method.
16) If MU of rupees increases, the quantity demanded of the commodity will also increase defend or refute. Explain.
17) Navya consumes pizza and coke and finds her equilibrium. As the price of coke rises, her marginal utility from coke
falls.(T/F) Explain.
18) Scarcity and Choice go together. Discuss.
19) Differentiate between Total opportunity cost and Marginal opportunity cost.
20) An economy always produces on, but not inside a PPC. Explain
21) PROJECT WORK (As discussed in the class)
FASHION STUDIES
1. Prepare all the samples of stitching - plackets and necklines.
2. Prepare patterns of bodice, skirts and sleeve.
3. Learn all the notes given for unit – I
4. Make sample of tie and dye.
5. Make assignment on industrial revolution during British raj.
6. Make assignment on adornment and beautification
7. Make assignment on uniforms of different countries during world war.
8. Make a stencil print for covering a book
9. Make an animal skin print on a baby blanket.
HOME SCIENCE
1. Identify the problems of adjustment of adolescents and make a report.
2. Write a report on the needs and problems of old age.
3. Write a report on the measures to be taken for safe drinking water and general conditions of hygiene around it.
PHYSICAL EDUCATION
Psychology
Revise Chapter 1-5
z1. Learn all the keywords.
2. Write down answers for the Review Questions given at the end of
each chapter.
Fine Arts : Practical 5 sheets -2Landscape ,2 Composition & 1
Still life copied