VIDHYAASHRAM FIRST GRADE COLLEGE

Corporate Accounting I

III Sem B.Com

II Assignment

Syallbus: Issue of shares

Kavya company Ltd., issued a prospectus to the public offering 70000 equity shares
of Rs 100 each at a premium of Rs 25 per share payable as follows.

Rs 30 on application

Rs 45 on allotment (including premium)

Rs 20 on first call

Rs 30 on second and final call

Application were received for 85,000 shares out of which application of 5000 shares
were rejected and money refunded to them. The allotment was made prorate to the
remaining applicants and excess application money was refunded. Money overpaid
on application was adjusted towards allotment.

Shwetha the holder of 2000 shares failed to pay both the calls. The directors decided
to forfeit all the shares. The forfeited shares were reissued to Radha at Rs 80 as fully

Pass the journal entries and prepare the Balance Sheet

 VIDHYAASHRAM FIRST GRADE COLLEGE

Income TAx

Vsem BBA

II Assignment

Syllabus: Income from salary

Mr Kushal is working as a General Manager in PVT Co., Ltd at Kolkotta. His

particulars of income for the previous year 2016-2017 are given below:

1. Basic salary Rs 20,000 per month.

2. D A 20% of basic salary
3. Entertainment allowance Rs 1000 per month
4. Children education allowance Rs 300 P M per child for 2 children
5. CCA Rs 400 pm
6. Travelling allowance Rs 600 p.m (Rs 500 p.m is spent)
7. HRA at 25% of basic salary (Actual rent paid Rs 3000 p.m)
8. He contributes 15% of salary and the company contributes an equal
amount to RPF
9. Interest on RPF amounted to Rs 14,000 at 14% p.a
10. The company provides him a sweeper and watchman on a monthly salary
of Rs 1,000 and Rs 500 respectively.
11. The company has paid his income tax of Rs 8,000 and life insurance
premium of Rs 10,000
12. He contributed Rs 10,000 to PPF
13. The company provided lap top at the cost of RS 40000
14. He purchased NSC for Rs 10000
15. He paid his wife life insurance premium of Rs 5000

Compute income from salary for the A Y.

 VIDHYAASHRAM FIRST GRADE COLLEGE

Corporate Accounting I

III Sem B.Com

II Assignment

Syllabus: Issue of shares

Rathan company Ltd., was formed with an authorised capital of 8,00,000 equity
shares of Rs 100 each were issued a prospectus to the public offering 4,00,000 equity
shares were issued as fully paid to the vendors for purchase of land and building.
On the same day the company issued 3,20,000 equity shares to the public at a
premium of Rs 25 per share payable as follows.

Rs 15 on application

Rs 55 on allotment (including premium)

Rs 20 on first call

balance on second call

Application were received for 4,00,000 shares and shares out of which application of
20000 shares were rejected. Money overpaid on application was adjusted towards
allotment.

Bharath the holder of 6000 shares failed to pay both the calls .The directors decided
to forfeit all the shares. The forfeited shares were reissued to Suresh at a discount of
15%

Pass the journal entries and prepare the Balance Sheet

 VIDHYAASHRAM FIRST GRADE COLLEGE

Corporate Tax Planning

V Sem B.Com

II Assignment

Syllabus: final accounts of Banking

A and B want to start a business. They have two options for selecting a suitable form
of organization either partnership firm or a private Limited Company. The details
are given below.

 The estimated profits (before interest on capital, interest on loan and

remuneration) Rs 12,50,000
 Remuneration Rs20,000 p.m each by the firm, and Rs30000 p.m each of the
company
 Loan Rs 3,00,000 each carrying at 12% p.a
 Capital contribution of Rs 3,00,000 each @12% p.a of interest payable in case
of firm
 Tax 31.2% for the firm and 26% for the company
 You are required to determine whether they should form a partnership
company.
 VIDHYAASHRAM FIRST GRADE COLLEGE

Financial Accounting I

I Sem B.Com

II Assignment

Syllabus: Final Accounts

The trial balance of a trader as on 31.12.2003 was as follows.

Particulars Debit Credit

Capital and Drawings 10,500 1,00,000
Stock 1.1.2003 90,000
Cash 3,000
Balance with bank 18,000
B/P and B/R 9,500 28,000
Furniture 9,000
Purchases 2,50,000
Machinery 30,000
Sales 3,60,000
Returns 3000 5000
Creditors 62,000 69,600
RBD 4500
Salaries 12,000
Wages 42,000
Carriage in wards 1,000
Carriage outwards 2,000
Rent 6,000
Insurance 800
Travelling expenses 2000
Repairs 300
Discount 1000 4,500
Computer 17,500
5,73,600 5,73,600
Adjustments:

1. Closing stock Rs 1,20,000

2. B/R dishonoured 500 and cheque dishonoured RS 2000
3. Debtors include Rs 2000 bad debts and provision for bad and doubtful debts is to be
maintained at 5%
4. Provide depreciation on machinery at 15% and on computers 60% and on furniture at 10%
p.a
5. Goods costing Rs 10,000, were destroyed, insurance company agrees to pay Rs 9000
6. Wages O/S Rs 500, salary O/S Rs 2000
Prepare final accounts.
 VIDHYAASHRAM FIRST GRADE COLLEGE

Cost Accounting II

III Sem B.Com

II Assignment

Syllabus: Contact Costing

The following particulars related to contract to a contract for RS 13,25,000

Particulars 2010 2011

Material 3,15,000 2,85,000
Direct Wages 3,75,000 3,45,000
Direct Expenses 25,000 10,000
Indirect Expenses 15,000 16,000
Plant Issued (1st Jan) 5,000 8,000
Material at Site on 31st Dec 5,000 8,000
Work Certified 7,50,000 13,25,000
Work uncertified 8,000

Depreciation on plant was charged at 10% p.a on WDV method. 85% of work certified was received
in cash expect in the year of completion. Prepare contract A/C and Contractee’s A/C

VIDHYAASHRAM FIRST GRADE COLLEGE

Cost Accounting

III Sem BBA

 II Assignment

Syllabus: Contract costing

The following particulars related to contract to a contract for RS 15,00,000

Particulars 2009 2010

Material 3,00,000 2,00,000
Direct Wages 3,30,000 3,50,000
Direct Expenses 25,000 10,000
Indirect Expenses 15,000 15,950
Work Certified 8,000 ---------
st
Material At site 31 dec 5,000 10,000
Plant Issued 1st Jan 20,000
Plant costing Rs 50,000 was bought in beginning & depreciation was charged at 10% p.a on original
cost method. 75% of work certified was received in cash expect in the yearof completion. Prepare
contract A/C and Contractee’s A/C

VIDHYAASHRAM FIRST GRADE COLLEGE

Business Statistics

V Sem BBA
 II Assignment

Syllabus: Co Relation

Calculate karlpearson’s correlation and probable error

25-50 50-75 75-100 100-125 125-150

X y
20-40 05 04 04 ---- _
40-60 04 06 02 02 _
60-80 07 06 05 _ _
80-100 03 02 02 03
100-120 07 05 03