ST.

ALBERT'S COLLEGE (AUTONOMOUS), ERNAKULAM

B.Com. DEGREE END SEMESTER EXAMINATION
SEMESTER I -FEBRUARY 2021 (Regular 20200 admission)
COMICRTO219 FINANCIAL ACCOUNTING - II
Maximum Marks: 80
Time: 3 hours
PART A
Each question carries 2 marks.
Answer any ten questions.
1. What do you understand by intangible and fictitious assets? Give two examples ofeach

2. What do you understand by GST?

3. What are the accounts which must be maintained under GST?
4. What is delcredere commission?

5. Explain royalty suspense account.

6. Differentiate between outstanding income and accrued income.

7. What do you mean by abnormal loss?

8. Give the meaning of objective evidence.

9. Who is a lessee?
10. Write a short note on 'Income received in advance

11. How do you value goods in transit?

12. Difference between single entry and double entry system.

13. Explain total debtors account.

14. What do you mean by irrecoverable shortworiigs

15. Find the cost of goods sold and sales amount fron the following8.

Opening stock 20000

Closing stock 22000
Purchases 140000
Ifthe gross profit is| 25% on sales
(10 x 2 = 20)

PART B
Answer any six questions. Each question carries 5 marks.
16 From the under mentioned items, prepare bills payable account and total creditors account to
find out credit purchases.
Bills payable on 1.1.16 Rs. 6222; Creditors on 1.1.16 Rs. 11666: Bills payable on 31.12.16
Rs. 9225; Creditors on 31.12. 16 Rs. 16335; Cash paid to creditors in 2016 Rs. 78535; Cash
paid on bills payable in 2016 Rs. 18870.

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 U20078
Publications on the terms
1 . Mr. Nair wrote a book on accounting and got it published with Ram
tnat royalties will be paid @Rs 3 per copy sold merging into a minimum rent
of Rs.12,000
over the subsequent two year of short
P.a. and with a right to recoupment of shortworkings

working .The following is supplied

Year | No ofcopied printed No of complimentary copies given Closing stock
800 1000
2002 5000
600
900
2003 4200
300 1500
2004 5400
200 1000
2005 6000

Prepare important ledger accounts in the books of Ram Publications

8. Ashoka tells you that his capital on 31.12.2015 is Rs. 5,87,000 and his capital on 1.1.2015 was

Rs. 5,00,000. He further informs you that during the year he gave a loan of Rs. 35,000 to his
brother on private account and withdrew Rs 8,000 per month for personal purpose. He also

used a flat for his personat purpose, the rent of which at the rate of Rs 5,000 per month and
electricity charges at an average rate of Rs. 2,000 per month were paid from the business
account. During the year he sold his 7% Government bond of Rs. 40,000 at 2% premium and
brought that money into the business. Besides this there is no other information. You are

required to prepare a statement of profit or loss.

9. Prakash agencies leased a mine from S. Gupta on Ist January. 2009 on a minimum rent of
Rs.4,00.000 merging into a royalty of Rs.100 per ton of mineral raised with power to recoup
shortworkings of a year in the subsequent two years only and the production for the first five
years were:

Year 20092010 2011 2012 2013

Tons 3000 3,600 4,300 4,350 5000
Prepare royalty account, shortworkings account in the books of lessee.
20. Explain:
a) Business Entity Concept
b) Dual Aspect Concept
c)Convention of Disclosure
d) Convention of Materiality
e) Revenue Matching Concept
21. Write a note on IFRS and GAAP
22. What do you understand by electronic cash and credit
ledger?
23. Distinguish between capital expenditure and revenue
expenditure.
24. Distinguish between statement of affairs and
balance sheet.
2
 25. What do you understand by marshalling of assets and liabilities? Give two basis of doing such

marshalling.
26. Ratheesh traders, Madurai consigned goods of the cost of Rs 40,000, to
RajeshAgencies, Ratheesh Traders paid insurance Rs 800 and freight Rs 2000. Rajesh
Agencies took delivery of the consignment and sold some of the goods for Rs 55,000. They
spent Rs 1,100 for carriage and Rs.600 for sales expenses. They arë entitled to a cõmmission
of 5% on sales. The unsold goods with Rajesh Agencies is.valued at Rs 8.200.Give ledger
accounts in the books of both the parties.
27. What are the limitations of financial statements?
6 x5 30)
PART C
Answer any two questions. Each question carries 15 marks.
(Students can attempt three questions. But the maximum marks will be 30)
28. Armen products, Patna consigned goods of the cost of Rs 80,000 to Messrs. Aisha Agencies,
Manila and incurred Rs 8.000 for freight and insurance. Messrs. Aisha Agencies took

delivery of the goods after spending Rs 24000 for duty and clearing charges. They sold % of
the goods for Rs 1,40,000 for which a commission 6% on gross sales is payable. Their sales

expenses amounted to Rs 4,800. Prepare journal and ledger accounts of both the parties.
29. "Single entry system of book-keeping is an unscientific, incomplete and defective system".

Explain this statement

30. Mr. A is the holder of a license to impert a bexuty cream from Japan. On Jan 1, 2000 he gave

the license to Moon Health Club, imbai tn use it for a period of ten years. The following

relate to the agreement:

1. Royalty is Rs 50 per kg of beauty cream imported for the first three years and thereafter @2

Rs 60 per kg.
2. Minimum rent is Rs 12,500 for the first year, Rs 15,000 each for the next two years and

Rs 20,000 each for every year thereafter.

3. Shortworkings, if any, should be recovered within the subsequent two years of the year of
shortworkings.
The other particulars were:
2000 2001 2002 2003 2004 2005|
| Year
Import(kg) 200 275 325 350 325 350
in the books of Moon Health Club.
Prepare royalty account and shortworkings account
 31. From the following trial balance prepare trading and profit and loss account for the year ended

31s March. 2018 and balance sheet as on that date:

Particulars Debit Credit

Drawinggs 10,000
Stock on 01.04.2017 46,000
Purchases and purchase returns 1,50,200 600
Cash in hand 3,400
Bankbalance 22,600
Freehold premises 38,600
840
Trade expenses
Printing and advertisement 1,640
Professional charges 280
Commission received. 3,300
Investments as on 1.April @ 10% 4,000
Interest on deposits 200

Sundry Debtors and Creditors 36,000 29,000

Wages 25,000
Salaries 14,000
Capital 1,14,000
Income tax 1,600
Discount allowed and received 6,300 4,600
Sales returns and sales 500 2,08,950
Bills Receivables and Payables 3,200 10,000
Office furniture 3,050
Rent, rates and insuranca 4,000
Bad debt provision 670
3,71,320 3,71,320

Adjustments:
. Provide for wages Rs. 5,000

2.
Write off depreciation on freehold premises 5% and furniture at 10%.

3. Prepaid insurance Rs. 200

4. Charge interest on capital at 5% and drawings Rs. 300.

5. Stock on 31.March.2018 amounts to Rs. 52,000
6. Further bad debts are Rs. 1,000.
7. Provide doubtful debts at 5% on debtors.
8. Make provision for discount on debtors and reserve for creditors at 2%.

(2 x15= 30)
 (Pages 2)
ST. ALBERT'S COLLEGE (AUTONOMOUS), ERNAKULAM
B.Com. DEGREE END SEMESTER EXAMINATION
SEMESTER I - FEBRUARY 2021 (Regular 2020 admission)

COMICRTO319 - BUSINESS REGULATORY FRAMEWORK

Time: 3 hours Maximum Marks: 80
PART A
Answer amy ten questions. Each qestion carries 2 marks.

I. What is meant by 'caveat emptor?

2. Explain free consent.
3. What is standing offer?
4. What is right to subrogation?
5. Define bailment.
6. Define lien.
7. Distinguish between void and voidable contract.
8. All contracts are agreements but all agreements are not contracts". Comment.
9. Who is a factor?

10. Distinguish between sub-agent and substituted agent.

11. Define "goods
12. What is a specific guarantee?
13. "Guarantee is atripartite agreement". Expiain.
14. Who is a pawnee?
15. Who is an unpaid seller?

(10 x 2= 20)
PART B
Answer ay Sx questions. Each question carries 5 marks.

16. What are the essential elements of a valid offer?

17. Differentiate between contract of indemnity and guarantee.
18. Explain discharge of surety by the conduct of the creditor.
19. Distinguish between sale and agreement to sell.
20. Explain in detail the terms 'penalty' and liquidated damages.
21. Describe the rules regarding minor's agreement.
22. State the differences between existing goods and future goods with examples.
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U20096

23. Mention the different modes by which a contract of bailment can be terminated.

24. Describe the essentials of a contract of agency.

25. What is a contract of guarantee? Explain its essential features.

26. Explain the rights and duties of an agent.

27. What are the different rights available to finder of goods?
(6 x 5 30)

PART C
Answer any two questions. Each question carries 15 marks.
(Students can attempt three questions. But the maximum marks will be 30)

28. What is a contract? Explain the essential elements of a valid contract.

29. Explain the different ways by which a contract of agency can be created.

30. Elaborate the rights and duties of a bailee.

31. State and explain the various rights available to an unpaid seller under the Sale of Goods Act,
1930.
(2x 15 30)
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 ST. ALBERT'S KULAM
B.Com. DEGREE END SEMESTER EXAMINATION
SEMESTER I - FEBRUARY 2021 (Regular 2020 admission)
COMICMTO119 - BANKING AND INSURANCE
Time: 3 hours Maximum Marks: 80
PART A
Answer amy ten questions. Each question carries 2 marks.

1. Define banking.
2. What is PMJDY?

3. Define central bank.

4. State the features of CDM.
5. What is a scheduled bank?

6. What do you mean by EFT?

7. What do you mean by third party insurance?
8. What do you mean by CIBIL?

9. What is a debit card?

10. What is a small finance bank?
11. What is meant by banker's lien?

12. Distinguish between ante-dated cheques and post-dated cheques.

13. Elucidate financial inclusion.

14. What is blank endorsement?

15. Bring out the features of savings account.
(10 x 2 20)
PART B
Answer ay six questions. Each question carries 5 marks.

16. What is a cheque? Who are the parties to a cheque?

17. How RBI Act as banker's bank?

18. Why RBI is known as government's bank?
19. What is a credit card? What are its merits?
20. What are the primary functions of insurance?
21. Elucidate the features of fire insurance.
22. Explain the operation of NEFT system.

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 U20006

23. What are Explain the asset classification in banking.

NPA?
banker-customer general relationship.
24. Explain the
features of a valid cheque.
25. State the essential
CDM.
26. Briefly explain the operation of a
27. Explain the features of banks.
(6 x5 30)
PART C
Answer any two questions. Each question carries 15 marks.
marks will be 30)
Students can attempt three questions. But the maximum

28. Explain the functions performed by a commercial banks.

29. What is E-banking? Explain advantages and limitations of E-banking.

30. What is a cheque? What are the different types of cheques?

31. Explain the classification of banks.
(2 x 15 30)

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 B.Com. DEGREE END SEVIE
SEMESTER I - FEBRUARY 2021 (Regular 2020 admission)

cOMICRTO119- DIMENSIONS AND METHODOLoGY OF BUSINESS STUDIES

Time: 3 hours Maximum Marks: 80
PART A
Answer any ten questions. Each question carries 2 marks.

1. What do you understand by principle of fairness?

2. "Ethics are based on moral and social values". Comment.
3. What is Niti Aayog?
4. What is e-cash?

5. Mention five methods of E-payment system.

6. Who is a PRO?
7. What is C2C?
8. What is meant by organisational culture?
9. State the meaning of globalization.
10. Explain shopping cart.
I1. State the technique used in M-commerce.
12. What is genetic industry?
13. What is drone delivery?
14. Define corporate govermance.
15. Explain the relevance ofwarehouse.
(10 x 2 20)
PART B
Answer any six questions. Each question carries 5 marks.

16. Explain the arguments against social responsibility of business.

17. Explain the objectives of LPG.
18. What are the factors
influencing corporate governance in India?
19. Explain the arguments in favour of business ethics.
20. Write a note on BPO.
21. Explain the benefits of corporate governance.
 22. Briefly describe the applications of M-commerce. State its advantages and disadvantages.

23. Explain the various steps in clectronic payment system.

24. How is a debit card different from credit card?
25. Explain the significance of business environment.
26. Briefly explain the demerits of privatisation.
27. What are the disadvantages of e-cash?

(6 x5 30)
PART C
Answer any two questions. Each question carries 15 marks
Students can attempt three questions. But the maximum marks will be 30)

28. Explain the role of public sector in the development of business in the Indian economy.
29. Define partnership.Explain the advantages and limitations of partnership
30. Define business. Explain its functions.

31. What is CSR? Explain the principles and benefits of CSR

(2 x 15=30)
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 ST. ALBERT'S COLLEGE (AUTONOMOUS), ERNAKULAM
B.A/B. Sc/ B.Com /BBA/BBM DEGREE END SEMESTER EXAMINATION
SEMESTER1- FEBrUARY 2021 (Regular 2020 admission)

ENGICCT0119 - FINE TUNE YOUR ENGLISH

Time: 3 hours Maximum Marks: 80

PART A
Answer any ten questions. Each question carries 2 marks.

1. Write two ways of interrupting a conversation politely.

2. What is the difference between a phrase anda clause?
3. Write two signpost devices used by writers.
4. Give an example each of a Declarative Question and an Exclamatory Question.
5. Transcribe the following words and mark the stress: i) Morality ii) Musician
6. What is the advantage of reading with a purpose?
7. Give two characteristics of an active listener.

8. What is academic listening?

9. Give two examples for Intensive Reading.
10. What is body vocabulary? Give two examples.

11. Give two examples of Polysyllabic words.

12. What is extensive reading?

13. What do understand by the concept of reading?

14. Complete the following sentences:
i) She sang.... the town Hall...... 3 o'clock.... the afternoon. ii) She arrived..... time.
15. Give two examples for skimming.

(10 x 2 20)
PART B
Answer any sir questions. Each question carries 5 marks.

16. Prepare a radio news report on the inauguration ofa shopping mall in the city.
17. Make sentences with the following phrasal words: i) take after ii) call on

18. Prepare a telephonic conversation with the receptionist of a hotel while booking a room.

19. Prepare notice

a
announcing a medical camp conducted by municipality.
20. Write a short note on barriers to listening.

1 PTO
 SCtclICCs
uSlg apPIOplldlc du
) Rani sang ....... at the concert. i1). I should say she sang... ... well.

iii) Her voice was............ melodious. iv) It sank .... . . .

into the hearts of the audience.
22. Fill in the blanks with suitable modal auxiliaries:

i) It rain in the afternoon. ii) He look after his parents.

23. Explain the different kinds of prefixes.
24. Read the passage given below and answer the questions that follow
The porter asked Michael Faraday to wait at the wooden bench by the window. As he sat there,

he became acutely conscious of the stillness of the room. It made him feel thousands of miles

away from the noisy streets and shops and general clatter of London. He became conscious of his
sound of own breathing. Sitting here was like sitting in the comforting stillness ofa beautiful

cathedral. Suddenly he was roused from his dreamlike state. A man was approaching. Michael

him
looked up and for a brief moment but did recognize Sir Humphry Davy. He had seen
not

before but only from a distance. At that time he was a dignified figure on the lecture platform.
dressed in a professor's black coat. Now he saw a slim rounded man of medium height, with

brilliant dark eyes. The face was oval and the determined chin seemed out of keeping with soft

mouth about which hovered a friendly, almost shy smile.

in the
i) porter tell Michael Faraday? ii) What did Michael Faraday feel as he sat
What did the
room? ii) How was Faraday roused from the dreamlike state? iv) How did Sir Humphry Davy
appear when Faraday saw him before? v) What was Sir Humphry Davy's actual appearance?
25. Prepare a telephonic conversation with your boss teiling him/her that you will be on leave today.

26. Prepare the announcements of five trains arriving at the railway at different times.

27. Prepare a notice announcing the inauguration of a fitness centre in Kochi.

(6 x5 30)

PART C
Answer any two questions. Each question carries 15 marks.
(Students can attempt three questions. But the maximum marks will be 30)

28. Describe one of your most memorable first days of college.

29. Write an essay on the topic - Online shopping can make the people spend more money.

30. Write a letter to the police commissioner about inadequate parking facility on M.G Road Kochi.
31. Write an essay on the topic: A good movie can influence an individual's way of thinking.
(2 x 15 = 30)