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  #11  
Old January 25th, 2019, 01:17 PM
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Default Re: B.Com previous year question papers of 1st year of University of Kerala

Hi buddy here I am looking for B.Com Previous Year Question Papers Of 1st Year Of University of Kerala , so will you plz let me know from where I can do obtain it ??
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  #12  
Old January 25th, 2019, 01:18 PM
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Default Re: B.Com previous year question papers of 1st year of University of Kerala

As you want here I am givng bellow B.Com Previous Year Question Papers Of 1st Year Of University of Kerala , on your demnd :

Section A

Answer any five questions.

Each question carries 2 marks.

1. What do you understand by an Independent Branch ?

2. Define Single Entry system.

3. What is the difference between Income and Expenditure account and Receipt and Payment Account ?

4. What do you mean by royalty ?

5. What is meant by Minimum Rent ?

6. What is Hire Purchase System ?

7. What do you mean by default and repossession in Hire Purchase Accounts ?

(5 2 = 10 marks)

Section B

Answer any five questions.

Each question carries 5 marks.

8. Give Journal Entries in the books of Lessee and Land Lord when royalty is more than the Minimum Rent and shortworkings of the previous years are to be recouped.

9. How will you convert a Single Entry System into Double Entry System. Explain in detail.

10. What do you understand by the term Branch Adjustment Account ? Explain clearly.

11. Delhi Traders opened a branch at Meerut on 1st January 2000. From the following figures prepare Meerut Branch Account for the year 2000 :

Rs.

Rs.

Goods sent to the Branch ...

20,600 Cash sales

10,000

Cash sent to the Branch for :

Credit sales

24,000

Rent

1,200 Cash received from debtors

20,000

Salaries

3,000 Stock (31-12-2000)

2,300

Other expenses

1,200 Petty cash (31-12-2000)

40

2 K 6064

12. Prepare Branch Account from the following particulars. Branch makes only Gash Sales :

Rs.

Goods supplied to branch ... 50,000 Cash sales ... 55,000

Expenses ... 3,000

Opening stock ... 1,000

Closing stock has not been ascertained. Manager gets commission at 10 % on net profit before charging such commission. Branch sells goods at cost + 25 %.

13. Madhu maintains books on Single Entry System. He gives you the following information :

Rs.

Capital on January 1, 2001 .... 15,200

Capital on January 1, 2002 ... 16,900

Drawing made during the period ... 4,800

Capital introduced on August 1, 2002 ... 2,000

You are required to calculate profit made by Madhu.

14. Prepare Receipt and Payment Account of a club for the year ended on 31st December 2000 from the following particulars :

Rs.

Opening balance of Cash

2,000

Receipt of entrance fee

400

Subscription received for 2,000 are

800

Previous years subscription received

80

Rent paid

60

Payment for purchase of cricket bats

80

Payment for stationery in Cash

5

Paid salaries

100

Paid for miscellaneous expenses

10

Answer any two questions.

Each question carries 15 marks.

15. The Bundi Shoes Ltd., Bundi, is having its branch at Ajmer. Goods are invoiced to the branch at 20 % profit on sales. Branch has been instructed to send all cash daily to the head office. All expenses are paid by the head office except petty expenses which are met by the branch manager. From the following particulars prepare branch account in the books of Bundi Shoes Ltd. :

Rs.

Stock on 1st January 2001 (Invoice price) ... 15,000

Sundry debtors on 1st January ... 9,000

Cash in hand on 1st January ... 400

Office furniture on 1st January ... 1,200

Goods invoiced from the head office (invoice price) ... 80,000

Goods returned to head office ... 1,000

Goods returned by debtors ... 480

Cash received from debtors ... 30,000

Cash sales ... 50,000

Credit sales ... 30,000

Discount allowed to debtors ... 30

Expenses paid by head office : Rs.

Rent ... 1,200

Salary ... 2,400

Stationery and Printing ... 300

Petty expenses paid by branch manager ... 280

Depreciation is to be provided on branch furniture at 10 % p.a. :

Stock on 31st December 2001 at invoice price ... 14,000

16. Rajeev keeps his books by the Single Entry method. His position on 31st March 1999 was as follows :

Rs.

Cash in hand

2,400

Cash at bank

25,500

Debtors

18,400

Stock

28,600

Furniture

5,000

Creditors for goods

18,700

Expenses outstanding

2,000

On 1st October 1999 Rajeev introduced Rs. 10,000 as for the capital in the business and withdrew on the same date Rs. 7,000 out of which he spent Rs. 5,000 on the purchase of machine for the business. On 31st March 2000 his position was as follows :

Rs.

Cash in hand ... 2,100

Cash at bank ... 27,500

Stock ... 31,500

Debtors ... 24,200

Furniture ... 6,000

Creditors ... 25,200

Prepaid insurance ... 200

Prepare the necessary statement showing the profit or loss made by him during the year ended 31st December 2000 after making the following adjustments :

Depreciate Furniture and Machine at 10 % p.a. Write off bad debts Rs. 1,200 ; and provide

5 % for doubtful debt. Goods taken for personal use amounted to Rs. 1,500. Also provide interest on capital at 10 % p.a.

17. The Madras Transport Company purchased Motor Lorries from the Bombay Motor Co., on a Hire Purchase agreement on 1st January 2001, paying cash Rs. 10,000 and agreeing to pay . three further instalments of Rs. 10,000 each on 31st December of every year, the cash price of the Lorries is Rs. 37,250 and the Motor Company charges interest at 5 % p.a. The Transport company write off 10 % depreciation evrey year on the cash value of the Lorries on the reducing balance method. Make necessary journal entries in the books of Madras Transport Company.

18. Prepare Income and Expenditure Account and Balance Sheet of a club for the year ending 31st December 2000 from the following :

Receipt and Payment Account

Receipts

Rs.

Payments

Rs.

Life member fees

4,000

Land and Building

24,500

Donations

...

25,000

Tournament expenses

1,100

Entrance fees

...

5,000

Furniture

1,500

Tournament fund

...

1,500

Purchasing sports

Revenue Receipts :

materials

1,200

Subscriptions

... 2,200

Revenue Payments :

Bar receipts

... 1,300

Printing and

Interest on

Stationery

125

securities

... 300

Salaries

1,200

Cricket fees

500

Telephone

200

Tennis fees

... 450

Gardening

130

Billiard fees

... 300

Cricket

250

Sundries

... 275 5,325

Insurance

120

Tennis

400

Billiards

480

Sundry

Expenses

100

Bar Expenses

(including

purchase)

1,500

Investments



Cash in Bank



Cash in hand

40,825

Outstanding subscriptions in 2,000 were Rs. 450. Subscriptions Rs. 125 of 2001 were received in advance in 2,000. Outstanding salaries are Rs. 175 and prepaid insurance is Rs. 30. 50 % of entrance fee is to be capitalized. Donations and life members fee are to be capitalised. Interest earned but not received is Rs. 120. At the end of 2000 sports material is valued at Rs. 750 and bar stock is valued at Rs. 400. Provide depreciation on furniture at 5 % and on building at 2Vi %.

6,000

1,800

220

40,825

(2 15 = 30 marks)
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  #13  
Old March 26th, 2021, 12:13 PM
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Default Re: B.Com previous year question papers of 1st year of University of Kerala

Respected Sir/Madam

I Want B.com(Commerce & Tax procedure and practice ,Tourism & Travel Management)all semester question Paper(2015-2020).
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