B.Com Accounting And Finance Question Paper

Will you please provide the question paper of B.Com 1st year Accounting and Finance?

Financial Accountancy is the field of accountancy deals with the preparation of financial statements for decision makers, such as stockholders, suppliers, banks, employees, government agencies, owners, and stakeholders.










I – YEAR:
BAF 11 - Financial Accounting
BAF 12 - Business Organisation
BAF 13 - Business Economics
II – YEAR:
BAF 21 - Corporate Accounting
BAF 22 - Business Statistics
BAF 23 - Commercial Law & Industrial Law
BAF 24 - Banking Theory, Law and Practice
BAF 25 - Business Environment
CCE - Environmental Studies
III – YEAR:
BAF 31 - Business Finance
BAF 32 - Auditing
BAF 33 - Income Tax
BAF 34 - Cost Accounting
BAF 35 - Accounting for Managerial Decisions
BAF 11

Block I
Basic Accounting concepts – Accounting process – Trial balance – Final
Accounts of sole traders – Common adjustments in the preparation of final
accounts – Adjusting and closing entries – Manufacturing account.

Block II
Bills of Exchange – Trade bills and accommodation bills – Accounts of
non-trading concerns, Receipts and payments account and Income and
Expenditure accounts - Capital and Revenue Expenditure.

Block III
Accounts from incomplete records – Net worth method and Conversion
method – Self-balancing ledgers – Insurance claims, claims of stock destroyed,
asset destroyed, loss of profit (Simple problems only).

Block IV
Consignment and Joint venture – Account current – Average due date –
Depreciation, various method of providing depreciation.

Block V
Departmental accounts – Branch accounts - Kept at the Head Office –
Independent branches (excluding foreign branches).

BOOKS RECOMMENDED
1. R.L. Gupta and M. Radhaswamy – Advanced Accountancy Sultan Chand
& Sons.,New Delhi.
2. S.N.Maheswari Introduction to Accounting, Vikas Publishing House, New
Delhi.
3. M.C.Shukla, T.S.Grewal and S.C. Gupta – Advanced Accounts, S.Chand
and Company Ltd., New Delhi.

Block I
Nature and scope of business – Business versus Profession and
Employment, characteristics of business - Interrelationship between industry,
commerce and trade – Objectives and essentials of business – Forms of
business organization – Sole Proprietary concerns – Partnership Firms – Co-
Operative Societies.

Block II
Joint stock company – Features – Company versus Partnership Firms –
Kinds of Companies – Private versus Public Companies – Privileges of a Private
Company – Formation of a company – Promotion and its stages – Incorporation -
Commencement of business – Memorandum and Articles of Association –
Alteration of Memorandum and Articles.

Block III
Financing of companies – Shares – Debentures and others – Methods of
raising capital – Prospectus – Contents - Legal importance - Implications of
misstatements in prospectus – Underwriting – Public deposits.

Block IV
Structure of company management – Powers - Duties and Responsibilities
of directors – Company Meetings – Meetings of Board of Directors and Share
holders – Resolutions in shareholders meetings – Dividends and bonus shares.

Block V
Scale of operation and size of the firm – Business combinations –
Government and business – Public utilities – Social responsibilities of business.

BOOKS RECOMMENDED:
1. Y.K. Bhushan - Fundamentals of Business organization and Management,
Sultan Chand & Sons, New Delhi.
2. C.B. Gupta - Business organization and Management, Sultan Chand & Sons.,
New Delhi.

Block I
Introduction to Economics – Nature, scope and limitations of Economics –
Definition – Adam Smith, Marshall and Lionel Robins – Fundamental concepts.
Consumer analysis – Characteristics and classification of human wants -
Law of Diminishing marginal utility – Law of Equimarginal utility.

Block II
Demand Analysis – Law of Demand – Types – Determination of Demand
– Demand schedule – Changes in Demand – Elasticity of Demand –
Measurement – Types of elasticity – Factors determining elasticity of demand –
Importance.
Consumer Equilibrium - Cardinal and Ordinal utility – Indifference curve
analysis – Criticism of indifference curve analysis – Marshallian utility compared
to Hicksian analysis.

Block III
Factors of production – Theories of production – Laws of Return –
Economics of Scale – Optimum combination of inputs.
Cost curves – Fixed and variable costs – Average and marginal costs –
Short run cost curves and long run cost curves – Break-even analysis.

Block IV
Pricing under perfect competition – Monopoly – Price discrimination –
Pricing under monopolistic competition – Oligopoly and Duopoly – Pricing in
public utilities.

Block V
Government and business: Industrial policy – Public Enterprises –
National Income – Computation of National Income – Types of National Income –
National income in India.

Books for references:
1. Eswar C. Dhingra, The Indian Economy Environment and Policy S. Chand
and Sons, New Delhi, 18th Edition, 2004.
2. Ruddar Dutt and K.P.M. Sundaram, The Indian Economy, 50th Edition,
Sultan and Chand, New Delhi, 2004.
3. S.K. Mishra and Puri, The Indian Economy, 22nd Edition Himalaya
Publishing House, New Delhi, 2004.


Block I
Issue of shares and debentures – Various kinds – forfeiture Reissue –
underwriting of shares and Debentures.

Block II
Redemption of preference shares and debenture – Purchase of business
– Profits Prior to incorporation
–
Block III
Preparation of company final Accounts – company balance sheet
preparation – Computation of Managerial Remuneration.

Block IV
Amalgamation – Absorption and external reconstruction of a company
(Inter company investments Excluded).

Block V
Liquidation – Statement of affairs and deficiency accounts – Liquidators
final statement of receipts and payments.

Reference Books:
1. Shukla and Grewal – Advanced Accounting
2. Jain and Narang – Company Account
3. R.L.Gupta – Corporate Accounts
4. Chakraborthi – Advanced Account
5. Mukherji and Hanif – Modern Accounts.

B.COM ACCOUNTING AND FINANCE
II YEAR
BUSINESS STATISTICS
Block I
Introduction: Meaning – Definition – Functions – Scope and uses –
limitations – Collection of data i) Primary and ii) secondary data – Classification
and tabulation – Diagrammatic and graphic representation - Definition –
Objectives of averaging – Characteristics of a good average – Types of average
i) Mean ii) Median iii) Mode iv) geometric mean and v) Harmonic mean – Merits
and demerits of averages – Choice of suitable averages.

Block II
Measures of Dispersion: Definition – Concept of variation – Absolute and
relative measure of dispersion – Methods of measuring dispersion i) Range ii)
Quartile deviation iii) Mean deviation iv) Standard deviation and v) Co-efficient of
variation – Choice of suitable measure of dispersion.

Block III
Correlation and Regression: Meaning and definition of correlation – Types
of correlation – Methods of studying correlation i) Graphic method ii) Scatter
diagram iii) Karl Pearson’s method iv) Rank correlation and v) concurrent
deviation method – correlation and regression – Methods of studying regression:
i) Graphic method ii) Regression equations and iii) Regression coefficients.
ii)
Block IV
Index Numbers: Meaning – Definition – Characteristics – Types – Methods
of constructing Index number i) Simple aggregative method ii) Weighted
aggregative method – Price index number – Quantity index numbers – Tests of
adequacy of index numbers.

Block V
Time Series: Meaning – Utility – Components of time series i) Trend ii)
Seasonal iii) Cyclical and iv) Irregular – Methods of finding trend i) Graphic ii)
Semi-average iii) Moving average and iv) Least square – Methods of finding
seasonal variations I) Simple average ii) Ratio to trend iii) Moving average and iv)
Link relatives.

BOOKS RECOMMENDED
1. Statistics (Theory, Methods and applications) – Dr.D.C.Sancheti and
V.K.Kapoor Sultan Chand & Sons., New Delhi.
2. Business Statistics – S.P.Gupta, Sultan Chand & Sons., New Delhi.
3. Fundamentals of Statistics – D.H. Elhance
4. Statistics (Theory and Practice) – R.S.N.Pillai and Bagavathi, S. Chand &
Company Ltd., New Delhi.
5. Fundamentals of Statistics – S.C.Gupta, Himalaya Publishing House.

B.COM ACCOUNTING AND FINANCE
II YEAR
COMMERCIAL LAW AND INDUSTRIAL LAW
Block I
Introduction and nature of contract – Essentials of valid contract –
Voidable contracts – Viod agreements – Contingent contract – Performance of
contracts – Reciprocal promises – Appropriation of Payments.

Block II
Quasi contracts – Breach of contract and its consequences – Contract of
indemnity and contract of guarantee – Bailment and Pledges – Contract of
agency – Rights and duties of parties – Liabilities to third parties – Termination.

Block III
Sale of goods – Sale and agreement to sell – Formation of contract of sale
– Implied conditions and warranties – Performance of contract of sale – Duties
and right of seller and buyer.

Block IV
Factories Act 1948.

Block V
Workmen’s Compensation Act 1823 – Industrial Disputes Act 1947 –
Employees State Insurance Act 1948.
Book Recommended:

1. N.D.Kapoor, Business Laws, Sultan Chand & Sons., New Delhi.
2. G.K.Varshey, Elements of Business Law S.Chand & Co., New Delhi.
3. M.C.Shukla, A manual of Mercantile Law, S.Chand & Co., New Delhi.

B.COM ACCOUNTING AND FINANCE
II YEAR
BANKING THEORY, LAW AND PRACTICE
Block I
Banking systems – Branch banking versus Unit Banking and other
banking systems – Deposit Banking versus Commercial banking – Industrial
banking versus Development Banking – Commercial bank functions – Creation of
credit by Commercial banks – Stature and functions of a Central Bank – Methods
of Credit control – Quantitative and qualitative methods.

Block IIS
tructure and characteristics of the banking system in India – Banking
sector reforms – Reserve Bank of India – Organisation, functions – Salient
features of the Banking Regulation Act 1949.

Block III
Definition of banker and customer – Relationship between banker and
customer – Obligation to honour cheques – Banker’s lien – Opening of Accounts
– Special types of customers – Precautions to be taken – Types of Deposits –
Bank Pass Book.

Block IV
Cheques – Essentials of a valid cheques – Crossing, Marking and
Endorsement of cheques – Holder & Holder in due course – Payment of cheqeus
– Statutory protection to paying banker – Refusal of payment cheques –
Collection of cheques – Statutory protection to the collecting banker.

Block VL
oans and advances by commercial banks – Cash credit, Over Draft and
Loans secured and unsecured – Modes of creating charges – Lien, pledge,
Hypothecation and Advance against documents of title to goods, stock exchange
securities, Mutual funds, Life insurance policies, Real estate, fixed deposit
receipts, Book debts and supply bills – Precautions to be taken – Purchase and
Discounting of bills.

BOOKS RECOMMENDED:
1. Sundharam and Varshney, Banking theory Law & Practice, Sultan Chand
& Sons., New Delhi.
2. Banking Regulation Act, 1949.
3. Report of the Narasihmam committee on Banking Sector Reforms 1998.
4. Reserve Bank of India, Report on currency and Finance 2003-2004.

B.COM ACCOUNTING AND FINANCE
II YEAR
BUSINESS ENVIRONMENT
Block I
Business Environment – concept – Significance – Environmental Influence
on Business - Social and cultural Environment – Demographic Trend – Indian
Social Structure – Caste and Communal Systems – Interplay of various Systems
– Impact on Business.
–
Block II
Political Environment – Directive Principles of State Policy – Centre –
State Relations – Impact of Political Environment on Business.

Block III
Economic Environment – Sectors of Economy & Their Significance –
Agriculture Industry, Service – Multinational Corporations – Meaning,
Importance, Advantages and Weaknesses.

Block IV
Social environment – Cultural heritage – social attitudes – impact of
foreign culture – castes and communities – joint family systems – linguistic and
religious groups – Types of social organization – social responsibilities of
business.

Block V
Financial Environment – Financial system – Commercial banks – Financial
Institutions – RBI Stock Exchange – IDBI – Non Banking Financial Companies
NBFCs.

References
1. Francis Cherunilam – Business Environment, Himalaya Publishing House,
Mumbai.
2. Amarchand – Government and Business, Emeralds Publishers, Chennai.
3. V.P. Michael – Business Policy and Environment (Himalaya Pub. House).

B.COM ACCOUNTING AND FINANCE
III YEAR
BUSINESS FINANCE
Block I
Business Finance: Conceptual foundations – finance function in business

scope and objectives – Relation of finance with other business functions.

Block II
Source of finance: Equity and preference shares. Debentures convertible
debentures – Relative merits and limitations
Cost of capital: Cost of debt – Cost of preference share capital – cost of
equity – Aggregate weighted average cost of capital.

Block III
Capital Structure: Optimum Capital Structure – Determinants – Financial
leverage – concept, measurement and significance.

Block IV
Working Capital Management: Cash securities, receivables and inventory
management – management of working capital – kinds of working capital -
Determinants of Working Capital.

Block V
Dividend policy and decisions: Influencing factors – forms of dividend.

Reference Books:
1. I.m. Pandey, Financial Management.
2. Prasanna Chandra, Financial Management Theory and practice,
3. S.C. Kuchhal, Corporate finance.

B.COM ACCOUNTING AND FINANCE
III YEAR
AUDITING

Block I
Introduction – Definition, Scope, Objectives, techniques and standards of
auditing – Generally accepted auditing practices – Internal check – Internal Audit
– Internal control – Interface between Internal Auditor and Statutory Auditor –
Audit Planning and control.

Block II
Vouching – Cost transactions and trading transactions – Audit of ledger –
Verification and valuation of Assets and liabilities.

Block III
Depreciation and Reserves – Auditing under EDP environment.

Block IV
Audit of limited companies – Qualification, Appointment, Removal,
Remuneration, Powers and Duties – Special considerations in company audit –
Audit of Financial statements, share capital and debentures – Divisible profits
and dividends.

Block V
Investigation – Objects and classes of investigation – Legal position and
liability of an Auditor – Professional conduct and Ethics.

BOOKS RECOMMENDED:
1. B.N. Tandon, S. Sudharsanam and S. Sundharababu, A Handbook of
Practical Auditing, S.Chand & Co., Ltd., New Delhi.
2. S.D.Sharma, Taxmann’s Auditing Principles and Practice, Taxman Allied
Services (P) Ltd., New Delhi.
3. Ravindar Kuamr & Virender Sharma, Fundamentals of Practical Auditing,
Prentice Hall of India (P) Ltd., New Delhi.

For the syllabus , here i am giving the attachment

Attached Files Available for Download

B.Com Financial Accountancy Syllabus.pdf (91.8 KB, 26 views)

You are searching for the B.Com Accounting and Finance Question Paper. Here I am providing you the B.Com (All Streams) I Year W.E.F.2008-09 FINANCIAL ACCOUNTING Question Paper. This is as follows:

1. Create a company with your name with full details enter 10 cash and 5 bank transactions.

2. Show the balance sheet of XYZ Company, with the following accounts, under relevant groups with imaginary figures:
5 Fixed assets a) Land b) Building c) Machinery d) Furniture e) Goodwill
5 Current assets a) Trade Debtors b) Stock c) Bills Receivable d) Bank e) Cash
2 Loan accounts a) Loan from Andhra Bank b) Loan from Ramu
1 Capital account.

3. Assuming your own figures prepare a cash book for the following cash transactions:
a) Ramu brought in cash towards Capital Rs.25,000.
b) Deposited into bank Rs.20,000
c) Purchased goods Rs.3,000
d) Sale of goods worth Rs.8,000
e) Paid to Hrithik ( a supplier) Rs.5,000
f) Received from Mohan ( a customer) Rs.6,000.

4. Prepare cash book with bank column for the following bank transactions in Andhra Bank and ascertain Bank balance.
Balance at Bank Rs.2,00,000
Paid to Rajesh Rs.10,000 by cheque
Paid to Mahesh Babu Rs.25,000 by cheque
Received a cheque from Ragini Rs.38,000
Received from Sneha Rs.50,000 by cheque.

5. Give effect to the following discounts in the transactions.
a) Purchased goods worth Rs.5,000 less 5% Trade discount.
b) Rs.2,646 received from Vijay and allowed discount Rs.54 Cash.
c) Rs.5,292 paid to Anand and discount given by him Rs.108.

6. Prepare Trail Balance from the information given below:
Name of the Account Dr. Rs. Cr. Rs.
Furniture 10,000 -
Machinery 50,000 -
Buildings 1,00,000 -
Capital - 1,50,000
Cash 5,000 -
Bills Payable - 30,000
Trade Debtors 80,000 -
Trade Creditors - 65,000


7. Mr.Sudhir started business with cash Rs.3,00,000:
Purchased 20 CTV’s @10,000 each for cash.
Paid carriage on purchase Rs.2000
Sold 10 CTV’s @12,000 each for cash
Sold 10 CTV’s @12,000 each to Shyam.
Paid salaries Rs.2,000 and Rent Rs.1,000
Prepare P & L A/c.

8. Prepare Trading and P & L A/c and also Balance sheet.
Manisha started business with cash Rs.5,00,000
Purchased 15 colour TVs @15,000 each for cash
Paid carriage on purchase Rs.2000
Sold 10 CTVs @20,000 each for cash
Sold 3 CTVs @20,000 each to Mr.Raju on credit paid salaries Rs.1,000
Closing stock valued at Rs.30,000.

9. Prepare Trading and P & L a/c and Balance sheet.
Sunitha started business with Rs.5,00,000.
Purchased furniture worth Rs.20,000.
Purchased computer worth Rs.10,000 for business use.
Purchased 10 Printers @ Rs.5,000 each from TVS Ltd.
Purchased 10 computers @20,000 each for cash.
Sold 10 Printer @6,000 each for cash .
Sold 10 computers @25,000 each to Sunil.
Paid cash to TVS Ltd. Rs.50,000.
Received cash from Sunil Rs.2,50,000.
Paid salaries Rs.1,000 and Rent Rs.1,500

10. Mr.Kartik started business with Rs.3,00,000; Purchased 10 colour TVs @15,000 each for cash; Purchased 10 colour TVs @15,000 each from Manoj; Sold 18 CTVs @18,000 each for cash; Paid salaries Rs1,000 and rent Rs.1,000; Unsold stock Rs.27,000.
Prepare Trading & P & L a/c.

11. Enter the following transactions and generate a sales register.
Sold goods to Birla Traders Rs.2,000
Sold goods to Kamlesh & Sons Rs.2,000
Malik & Bros bought from us Rs.2,000
Sold on credit to Birla Traders Rs.6,500
Goods sold to little Roses Ltd. Rs.5,600.

12. Enter the following transaction and generate a purchases register.
i. Purchased goods from Gupta Rs.10,000
ii. Purchased goods from Vijay Rs.5,000
iii. Purchased goods from Gopi Rs.2,000
iv. Purchased goods from Ram Rs.5,000
v. Purchased goods from Shashi Rs.20,000
vi. Purchased furniture on credit from Godrej Ltd., Rs.12,000
vii. Purchase of goods for cash Rs.3,000

13. Prepare a Bank Reconciliation Statement of Mr.Nagesh as on 31st March,2009.
a) Bank balance as per pass book (Bank book) Rs.26,000.
b) Cheques deposited into bankRs.21,000of which cheques worth Rs.10,000 collected by bank up to 31st March.
c) Cheques issued but not presented for payment till 31st march 2009 Rs.12,000.
d) Bank charges Rs.500 debited in pass book only.
e) Interest and dividend collected by bank Rs.6,500.
Insurance premium paid by bank as per standing instructionsRs.2,800 not recorded in cash book.

14. Create a company with full details. Enter the following transactions.
a. Priyanka started Business with Rs. 1,00,000
b. Opened account with bank Rs. 20,000
c. Bought Furniture by Cheque Rs. 3,000
d. Paid office rent Rs. 600
e. Cash Purchases Rs. 15,000
f. Cash Sales Rs. 4,000

15. Assuming your own figures, prepare a cash book for the following cash transactions:
a. Ramu’s introduced Rs.25,000 into business
b. Deposited into the bank Rs.20,000
c. Purchased goods Rs.3,000
d. Sold good worth Rs.5,000
e. Paid to Somu Rs.3,000

16. Prepare a Bank book for the following Bank transactions and ascertain Balance.
a. Balance at Bank Rs.2,00,000
b. Paid to Rajkumar Rs.25,000 by Cheque
c. Received a Cheque from Rajni Rs.25,000
d. Paid Ramakanth by Cheque Rs.10,000
e. Received from Sneha Rs.8,000 by Cheque
f. Cheque received from Rajini dishonoured.

17. Edit the following transactions:
i. Bought goods worth Rs.5,550, alter it to Rs.7,000
ii. Sold Goods to Rama Rs.5,000 alter it to Rs.3,000
iii. Cash received from Ram Rs.1,000 alter it to Krishna
iv. Paid cash to Uday Rs.1,000, alter to bank.

18. Show the trail balance given below.
Name of the Account Dr. (Rs.) Cr. (Rs.)
Capital 5,00,000
S.Creditors 50,000
Bank Loan 50,000
Buildings 4,00,000
S.Debtors 1,00,000
Motor car 1,00,000

19. Create a Company / firm with your own name full details. Enter 15 cash transactions and 1 Bank Transactions.

20. Create a company with your name with details company address PAN no. Registration no and save it. Enter 5 Bank transactions and show Bank book

21. Enter the following transactions.
a) Purchase of furniture for 3,000 included in purchases.
b) Salary paid to Mr. X Rs.2,000 debited to his personal account.
c) Sale of plant Rs.1,500 credited to sales account.
d) Bad debts recovered Rs.800 credited to the personal a/c of Mr. Ramu.

22. Prepare a Bankbook for the following transactions.
i. Balance at Andhra Bank Rs.1,50,000.
ii. Paid to Rama Rs.50,000 by Cheque.
iii. Paid to ABC Rs.15,000 by Cheque.
iv. Cash withdrawn by Cheque Rs10,000 for office use.
v. Deposited a Cheque from X for Rs.5,900 and Cash Rs.500.

23. Create a company with full details. Enter the following transactions.
Priyanka started Business Rs.3,00,000
Opened account with bank Rs. 20,000
Bought Furniture by cheque Rs. 3,000
Paid office rent Rs. 500
Cash purchases Rs. 15,000
Cash Sales Rs. 5,000

24. Assuming you own figures, prepare a cash book for the following cash transactions:
i. Raju introduced into business Rs.45,000
ii. Deposited into the bank Rs.40,000
iii. Purchased goods Rs.4,000
iv. Sold Goods worth Rs.4,000
v. Paid to Somu Rs.23,000

25. Edit the following transactions
a. Bought goods worth Rs.5,500, alter it to Rs.10,000
b. Sold Goods to Madhu Rs.5,000 alter into Rs.7,000
c. Cash received from Venkat Rs.1,000 later it to Ramana
d. Paid cash to Vasu Rs1,000, alter to bank.

Attached Files Available for Download

B.Com Accounting and Finance Question Paper.doc (147.5 KB, 20 views)

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