ee sis question paper contains 16+3 printed pages] C Uy) Roll No. TT] 1 S. No.of Question Paper : 8408 tique Paper Code : 22411101 J Name of the Paper : Financial Accounting ‘Name of the Course : B.Com. (Hons.) Semester i Duration : 3 Hours Medina Marks: 98 (rite your Roll No. on the top immediately on receipt of this question paper.) (ayes S feed o are feu Te Prsifea ear ate args ferfia 1) Note : Answers may be written either in English or in Hindi; but the same medium should be used throughout the paper. feuuit : sa WET SK att ar fect feet cH orm 4 dfs, far wet oat mem wa a a afer | Attempt all questions. Show your workings clearly. wh wei Soe dif) anit arin ae wr a aa “1, @_ Explain the need and importance of Accounting Standards. 5 oer arate aravaa atk Herd gars) Or/(3tTaN) (a) Explain the convention of “Materiality’ giving examples, Does Materiality contradict “Full Disclosure’ ? 5 FE 23 ee HfeeneT S aftraa (afeTa) af caren wife) ae afer ‘sp yada’ a Ger Hut & ? PTO.(i) Balance Sheet as on that date, Debit Balances z Credit Balances = Stock on 1-4-2016 70,000 | Capital 3,00,004 Plant and Machinery 3,50,000 | Wages Outstanding 4,006 Rent 30,000 } Sales 5,00,000 Depreciation on Plant and Creditors 45,000 Machinery 15,000 | Bills Payable 16,000 Wages 20,000 | Discount 12,000 Salary for 11 months 11,000 | Commission 8,000 Cash 27,000 Purchases 2,70,000 Debtors. 80,000 Discodnt 2,000 Carriage Inwards 4,000 Bad debts 6,000 | 8,85,000 8,85,000 Adjustments : @ Stock on 31st March, 2017 was 7 96,000. (2 Stock destroyed by fre was € 6,000 and the Insurance Company accepted a claim for © 3,600.(3) 8408 (iii) & 1,600 paid as rent of the office was debited to Landlord account (included in Debtors). (iv) Write off further bad debts = 4,000, Sales include sales on return basis. Approval for sale of € 2,500 has not been received till 31-3-2017. The rate of gross profit on this sale was 25% on cost. tia & frefataa gaa ade 8 aah aaa et : @ 31 aM 2017 & wae ad fe ak TA Me ara, aT (i) Set fafa at Sea viel ay ve = | ware z 1-4-2016 tele 70,000 | sit 3,00,000 wiz wa aid 3,50,000 | AsIgd ara 4,000 fat 30,000 | fant 5,00,000 wie wT at 7 RR 45,000 sae (aa) 15,000 | &4 fart 16,000 rag 20,000 | 12,000 1 Fea a at 11,000 | ater 8,000 aa 27,000 ae 270,000 aR 80,000 =z 2,000 Aas TST 4,000 Bee AT 6,000 8,85,000 8,85,000 P.O.® (4) . 84g ware : / 31 8, 2017 RF x 96,000 a (i amt 8 Fe PLETE & 6000 ot ae stm HE Fe 3600 wy ian fra! Gi) area $ FES wy Feary fare Hom fee (Ge F enfay | (iv) % 4000 % FAT FET wee a =a are) fast fasa amt & arm a 3) 31-3-2017 WH % 2,500 a faRt B fen ‘apf ae fact 81 ea fast we wee aT at ae cma Te 2% ay TRF 1,600 FB THe Fy Or (ta) Prepare an Income and Expenditure, Account for a College forthe year ended 31st March 2017 and a Balance Sheet as on that date from the following information : 10 Receipts z [Payments z Cash (1-4-2016) 50,000 Pay and Allowances 22,00,000 Postage Stamps (1-4-2016) 700] Books for Library 50,000 Tuition Fees 2,00,000 | Postage and Stationery 12,000 Fines 10,500 | Newspapers 2,000 Annual Grant from Goyernment| 30,00,000 | Science Lab Equipment 22,000 Interest on Securities 28,000 | Repairs and Maintenance : 18,000 Rent ftom use of Hall 70,000 | Audit Fees 8,000 Grant for Building Fund 20,00,000 | Additions to college building } 3,00,000 Cash in hand (31-3-20!7) 46,600 Postage Stamps (31-3-2017) 600 53,59,200 | 53,59,200(5) The College had the following assets on 31st Margh, 2016 : 8408 Fumiture — € 3,00,000; College Building — & 4,00,90,000; Library Books — % 80,000; Science Equipment — 3,00,000; 10% Investments — % 3,00,000 and Oustanding Tuition fees — & 22.000. Provide for Depreciation on the closing balances of the following assets : Land and Buildings @ 5%; Furniture @ 15% and Library Books and Science Equipment @ 20%, 31 BRE 2017 A ware ge ad &S few ws alas wT so Ua wa aise am freafafad wrart 8 sii fafa et acta ete ot az : witrat = | Saat z Fee (TRS) (1-4-2016) 50,000 | 3a a ry 22,00,000 were fee (1-4-2016) 700| aigst & few frat 50,000 SRM ta 2,00,000| Bre Ti erat 12,000 wR 10,500 | SAPAR—Ta 2,000 wer 8 afte sqcn 30,00,000 | faa Va srHTT 22,000 vianied we ort 28,000) 7a wae TERT 18,000 ga & sim a fern 70,000 | ana YEH 8,000 waa fafa & fee ayer | 20,00,000] wry fafesn H af — | 30,00,000 aT THE (31-3-2017) 46,600 STH fewe (31-3-2017) 600 53,59,200 133,59,200@ i 8s) 84 ataa & was A, 2016 # frafatiar antval f ; rdtar — ¢ 3,0000; Pers fafeer — ¢ 4,00,00,000; are rar — z 40,09 faara sqHeI — F 3,00,000; Fae 10% — % 3,00,000 aan sar zaR wpa — & 22,000. frafafar vieairat & gama we we yee wer sifae : uf vd war @ 5%; FH @ 15% Tear cTEMt fra sik fas sTaN @ 20%! X purchased a second-hand machinery on 1-2-2015 for % 80,000; paid & 12,000 f its overhauling and € 8,000 for its installation which was completed by 31-3-2015. Th company provides depreciation on its machinery at 20% p.a. on diminishing balance metho from the date it was put to use and closes its books on 31 December every year. 0 1-10-2016, a ree work was carried out on the machine and % 5,000 were paid fe the same. The machine was sold on 31-10-2017 for a sum of % 21,000 and an amour of % 2,000 was paid as dismantling charges. Prepare Machinery Account and Provision for Depreciation on Machinery Account fron 2015 to 2017. ! x 12.2015 tt go,000 4 we Ht AR weet, gaat ae & fel © 12,000 wen cere eae fre < 8,000 aI ATH FRAN SH 31-3.2015 a a wert we are 31 Reamer A ore Gera FST Se a aa at fate TVR ae cafe oe 20% a ae at xe a ret ea 7 ART wert BOHR Lioco16 a Hea Fe AER Bs frat Ta tt® @ CW 8408 £5,000 ST TAA PaAT TL ARIAT B 31-to.gq17 FT & 21,000 Fe fe wa akg 2,000 ART aT BTA wey yew FETS fe ca 201s @ 2017 Te BR GAT wen AR eat We WIS WAN aa aafat! What is the significance of inventory valuation ? What isthe difference between Periodic and Perpetual System of Inventory Valuation ? - 4 Ae Gat aie a ea 3? cafe eG ofete et Ee Tea vali 3 ea sae B ? Or/(3tTaN) Kavita purchased a machine for % 80,000 on Ist April 2015. She charges depreciation ‘on Straight Line Method and closes her books on December 31st every year, The machine has a useful life of 8 years after which it can be sold for® 8,000. She purchased another machine on May Ist 2016 for € 45,000 with 5 years useful life and nil residual value. In 2017, the first machine was sold for ¥ 50,000 on June 30th when a new machine was purchased for 30,000 with 3 years useful life and @ 3,000 as residual value. Prepare the machinery account for the 3 years ending December 31, 2017. aefaat 91 site, 2015 a e 80,000 F wr ayy adel) ae att Ren wate Rye H arto ach & sk was af 31 frat sare yeas ae ax Od to avia ars wa HT Sent storage & frat awe we 8,000 Raa or aaa 2 eh 1 FE 2010 Hs aa SF SENT staraTG sik YA srafere yey Sara x 45,000 UH she aga @tiel 2017 8 sect ARI PTO.@) (8) 44 20 ap ah ¢ 50008 85 gf a 3 ara ae Shere a area aga ¢ 300 Te es Hebe x 30,000 H eae 31 Re ap, a waa OH a 3 ae fee uta arm dae afc Calculate the value f closing inventory according to Weighted Average Method o March 31, 2019 : March 01 (Stock in hand) 600 units @ % 12 per unit March 05 Purchases 7,500 units @ & 13 per unit March 10 Sold 6,000 units @ & 15 per unit March 12 Sold 1,100 units @ % 18 per unit March 14 Purchased 5,000 units @ % 13 per unit March 22 Sold 4,500 units @ % 23 per unit March 30 Purchase returns 500 units (out of goods purchased on March 14) 31 AR4,. 2019 A afte sited fate BS aga wa wa Et AeA st aA wii: 01 Art (at Fete) 600 ae @ t 12 via afte 05 Ard 7,500 ae @ z 13 whe afew aie 10 Ard 6.000 ae @ x 15 via apie at faait 12 Arf 1,100 afte @ & is uit afte at fast 14 Ard 5,000 afte @ & 13 wha afte wedt ng 22 ard 4,500 az @ ¢ 25 vin afte at fast 30 art mt ade AI soo afte C14 a MI GEE TU at FB(9) 8408 (@) Sharma sold $ machines costing % 1,00,000 each to yerma on hire purchase basis on 1-1-2016. Verma paid & 1,00,000 on the above dare and agreed to pay the balance in five yearly instalments of % 80,000 each together with interest @ 10% pa, starting from 31-12-2016. Verma charges Depreciation @ 10% paon Diminishing Balance Method. Books are closed on 31st December every year. Verma ould not pay the third instalment in time Whereupon Sharma repossessed two machinesat an agreed value of cash price less 40%. Sharma sold one of the repossessed machines for = 45,000 after incurring & 2,000 on its repairs. Show relevant accounts in the books of both the parties showing all your workings. 7 wat F 1-1-2016 St fer Hy STI TW FER F 1,00,000 Ft ATA TCH uta ast oat a asi) ant 3 sadaa fale a x 1,00,000 aT PTA feat ser fa af ST YAM 31-122016 @ UE AA Aa wha TH @ 10% HT Bas F aa = 90,000 a1 we feed A oR we SF foe Fer KI ant 3 waar wa wala we wa ae 10% Tere sae fea! At 31 feat at ger ae A ont G1 aal sa are cat feed HT TT wai ee aa frat wai A at avi a ae yea A 40% HA TENT AT we Pleo fasem wat A pe at ne wR a Uw AC 2,000 4 AEH wai & ae % 45,000 4 aa fea ara wet ad-free feed qe Si val at qerat Fo aafaa aA fenee ©) How is Operating Lease different from Financial Lease ? 3 ER gee fata yea a fre TaN fae ? P.T.O.( 10) 8408) Or /(3taeN) (a) From the following ptCulars find the profit for the year ended 31-03-2019 using stock and Debtors System The gross profit is 30% on sale price : 5 2018 z April 1 Stock inthe shop 18,000 April 1 Instalments Overdue 20,000 April Stock out With the customers at H.P. price 40,000 2019 March 31 Stock in the shop 63,000 March 31 — Instalments Overdue 22,000 Goods purchased for sale on H.P. during the year 1,85,000 Cash received during the year 1,80,000 Goods repossessed (Instalments due 5,000) valued at 2,000 fre feerm & ety gen Gren Taft aT Sea aRa EU 31-03-2019 A BAT aa fore ome aa aifas faat HET We WaT CIT 30% F : 2018 z lata gar 4 ote 18,000 1 sit were fiega 20,000 1 se HP. yea ye area a stock out 40,000 2019 stat gat H Rte 63,000 314 ware fered 22,000 ath ehh yp qe fast & fare water me we 185,000 ad & ae org ane 1,80,000 ara at Tet Caren farei 5,000) afera 2,0004. (6) Give Journal entries in the books of Lessee jn case of Financial Lease, (a) Col) 8408 3 fata veer} ama Foye St gaat a oie vfafteat atta, Mrs. Lahiri & Daughters, Delhi has a branch at Jaipur. Goods are invoiced at cost plus 25% which is the selling price of the branch. From the following, prepare Jaipur Branch Account (Debtors System) to calculate the profit for the year ending 31st December, 2018 : Balances as on January 1, 2018 Branch Stock at Invoice Price Branch Debtors Branch Cash (for Petty expenses) Transactions during 2018 Goods invoiced to Branch Goods returned by branch to head office Credit sales at branch Cash sales at branch Cash received from Debtors at branch Cash sent for Rent and Salaries to branch Discount allowed to branch debtors Petty Expenses at Branch Balances as on 31st December, 2018 Branch Stock Branch Debtors 7 35,000 75,000 4,000 3,00,000 12,500 1,75,000 90,000 1,76,000 28,000 1,000 3,000 60,000 P.T.O.————————7E_ y (12) 8408 sme cre va ae Feet at Saye A we men 81 aTeI aT + 259, ahaa we Wifi PTA SoSH een wr faa yer 21 Fretted a, 3) fama, 2018 aA OF ota anh SF fee aH st MAT aA fore aR grat ara (aaa Git a) dae wife: 1 saad, 2018 a OF TFT : x ata WET WOME eh 35,000 rer tet 75,000 wean das (GT Ga F ferz) 4,000 ad 2018 & eh eA aise ere Bl eT AST 3,00,000 wre gm yan aria at wet ava 12,500 wrer # san feet 1,75,000 aren # 75 fet 90,000 aren # tea & ma aes 1,76,000 fern ud aaa & fing qae wer at AT 28,000 wna tert at ge at sigafa at me 1,000 era # qa ail 3,000 31 fear, 2018 a A Uf wnat rata 60,000 wa Gen 2(13) (®) A Company has 3 Departments for which the galls are given as follows : Department A Depsrtment B Department C Floor Area occupied 20% 30% 50% Sales 1,00,000 7,00,000 3,00,000 No. of Employees 100 120 150 Allocate the following expenses to the 3 departments : Rent = 80,000 Lighting = 12,000 Selling Expenses = 42,000 Labour Welfare Expenses = 18,500 ue wert & de faum € ford faa ferqan fea mee: faut a feart B fet c afera wef oft 20% 30%, 50% fast 1,00,000 2,00,000 3,00,000 ata a den 100 120 150 aa faunii a area ad : fererat % 80,0¢0 War = 12,000 fami ad % 42,000 A Rea Ty % 18,500 PTO.ae (14) Or /(arerEn) (@) M/s XYZ Ltd. has bran®®S & Dethi and Agra and goods are invoiced at Cost plus 8408 a profit of 20% on sales Me following information is available of the transactions t Delhi branch for the yet’ ding 31st March, 2018 : 7 z Stock at Invoice Price (14-2017) 40,000 Debtors (1-4-2017) 12,000 Petty Cash (1-4-2017) 150 Petty Cash (31-03-2018) 250 Debtors (31-03-2018) ‘ 11,000 50,000 Stock at Invoice price (31-03-2018) Transactions during 2017-18 : Goods sent to branch (at cost) “ue : 15,000 Goods retumed by branch to HO (at invoice price) 1,05,000 Cash sales 1,80,000 Credit sales 350 Normal loss at IP 3,000 Goods Pilfered at Ip 32,000 Cash sent for Petty expenses 400 Bad debts at Delhi branch 500 Goods retumed by DebtorsGeTSioy 8408 You are required to calculate the profit by mayjng the Branch Adjustment and Profit and Loss Account under Stock and Debtor system. xyz ft. #t Rech FT APT Hyped E St THe CTA ae Faw rove & as Biker ats] IC ToT are gy 31 AS, 2018 FH BATT aR ai & faq fect war 7 ee af gafafian svat are @ : ae FI KR SF (1-4-2017) AER (1-4-2017) GN tHE (1-4-2017) GET tHE (31-03-2018) SHEIK (31-03-2018) SAH YEA W RIF 1-03-2018) 2017-18 & SRT TAT : ara a areata (ATT WR) wre oo qe aries at oe ae a (ata TI) wae fast sen fast Pe Aart ett PR Aa ATed qu oat & fan Ta AT free rat Faria a1 Ser grr Are aa z 40,000 12,000 150 250 11,000 50,000 2,61,000 15,000 1,05,000 1,80,000 350 3,000 32,000 400 500 PTO.ae ( 16 ) wel amet wie ote UH Tat sisi eran emetic Te TN aq arree aIM at TM FU By (®) State the basis of alloca#” Of common expenditures among different departments, 3 fafa fai & 44 Sm oni So aier a ame aaa A, B and C were partners in# firm sharing profits and losses in the ratio of 4: 3 : 3, As on December 31, 2018, they decided to dissolve the firm and B was appointed to realise the assets and distribute the cash. B is entitled to 5% commission on the amounts received from stock and debtors. The Balance Sheet of the firm on the date of dissolution was as below : - Liabilities z Assets z Creditors 6,00,000 | Cash at Bank 15,000 Capital Accounts : Debtors 4,55,000 A 3,00,000 : Stock 5,00,000 B _2,00,000 5,00,000 | Profit and Loss Account 1,00,000 Capital Account - C 30,000 11,00,000 11,00,000 B reported that the assets realized as : Debtors % 4,50,000; Goodwill % 20,000 and stock % 3,50,000. Creditors were paid % 5,75,000 in full settlement. However, an old liability of the firm was found that was omitted from the books and had to be paid % 25,000, C was insolvent and paid only 50% of what was due from him on his own account. Prepare Realisation Account, Bank Account and Partners’ Capital Accounts,(17 ) 8408 ABAAC43:3F a Fo a ah ga FO Ie GH BH FS aetey &) 31 fear, 2018 HT SAA Ge ST EA gy SHeT fra SN Bay quae BAAR HE Te THe farate HEF fore fags FAM TH Bee ste Ben AT UT HK 5% FI HT SHAN VI ayer at fafa Te oe at aaa ete fr var at: aaa 2 | after z ORR 6,00,000 | tH F tes 15,000 i ae: Sen 4,55,000 A 3,00,000 we 5,00,000 B 2,00,000 5,00,000 | @ra-@t erat 1,00,000 et tac 30,000 11,00,000 11,00,000 BA aan fe anteal st ageh ee yer @ : SHER F 4,50,000; GAH X 20,000 ait kta & 3,50,0001 Arar A PE gars F 25.7500 24 @1 ers wah a va A afc AT eT aT FHA Ga | war fea tran aan 32 & 25,000 TAR Fey at eMC fern aI rat ah Bas GI S Hae soy wl Aram fren wy a! ayet ar, de arr ae ante & eh wt AEA! PTO.| ( 18 ) 8408, Or/(atereM) Savita, Gunjan and Reem#¥© in Partnership, The following is their Balance Sheet Wes 31st March on which dit!Mey dissolved the partnership. They share profit in the ratio 5:3:2 10 Liabilities 4 Assets z —* | Secured Loan | 100,000 | Cash at Bank 20,000 Creditors ' 2,20,000 | Debtors 3,00,000 Gunjan’s Loan i 50,000 | stock 5,00,000 Sarita’s Capital | 300,000 | Profit and Loss Account 1,00,000 Gunjan’s Capital i 2,80,000 | Reema’s Capital Account 30,000 ___ [ ssnane 9,50,000 Jt was agreed to Tepay the amounts due to the Partners as and when the Assets were realized, There was a contingent liabijity for = 15,000. Expenses of Realisation were estimated at % 10,000. Assets realized as follows : 15th April % 50,000 Ist May 1,96,000. Contingent liability was paid & 10,000. 31st May 1,84,000, Actual €xpenses amounted to & 8,000. Prepare a statement showing the distribution of cash among the partners,08 (9) 8408 afta, as ott thr united 4 21 31 anf ay at Acie vie. ffafed & fae fer a snfiert at in ax aft 81 85.3.2% aM A om a deo aut é : aaa % | uftemfrat z fat eT 1,00,000 | aa Wo deg 20,000 RR 2,20,000 | rare 3,00,000 ThA FI eT 50,000 | ir 5,00,000 ata at ost 3,00,000 | emy-aft tat 1,00,000 wae et it 2,80,000 [= a ht .aa 30,000 9,50,000 9,50,000 aa uate at aget ef at aren F aarn ofr gar w wen BI 2 15,000 & fer arepfare Saar ft) age GA = 10,000 a A ATT TAT a uRaafeat fa wer ag ee: 15 ste % 50,000 1g % 1,96,0001 street Gaara yar FeRAM F 10,000 31 He Z 1,84,0001 arafaa wa z 8,000 & soe ata ate fame a cai aro Peete fare FE! 8408 19 15,00[This question paper contains 12 printed pages.] Your Roll NO... Sr. No. of Question Paper : 8409 J Unique Paper Code : 22411102 Name of the Paper : BUSINESS LAW Name of the Course : B.Com. (Hons.) Semester gd Duration : 3 Hours Maximum Marks : 75 wa: 3 ae wie : 75 Instructions for Candidates 1. Write your Roll No. on the top immediately on receipt of this question paper. 2. Attempt all questions. 3. All questions carry equal marks. 4. Answers may be written either in English or Hindi; but the same medium should be used throughout the paper. wai _@ fag fats L owe-ya & fad & ame fee ae fuifta ea AAT apr fee | PIE.Ox8409 2 2. aNtt wer aifire | 3 wie a ae are 4. BAW aa SI See Ha aT feat fant Vay ToT H Sate, afay WN Tee Br areaT vay Ht Bl ABT | 1. (a) State with reasons in brief whether he following statements are true or false: (9) (i) Void contracts and voidable contracts are one and the same thing. (ii) A stranger to a consideration cannot sue. (iii) Indirect loss can only be claimed by the aggrieved party if it is in the contemplation of the parties. (b) Mistake results in a contract to be void, valid as well as voidable. Elucidate. (6) OR (a) State with reasons whether the following j statements are true or false: 9)8409 3 (i) A minor can ratify contracts. (ii) Fraud and misrepresentation are the same thing. (iii) The parties are free to make their own bargains. (b) Harsh promised to pay Rs. 10000 per month to his wife Sunita for her medical treatment. Is the contract valid? Does writing and registration in any way affect the validity of the contract. Explain. (6) (@) aera # aren sere fe aa feafafea ae ad ar Wea: Gi) Peia sae ok @ fer aqua ee Fo wari 21 (ii) ve far & fag va srt oe area AT aT aaa! (ii) Hart Fa aT aa Saat Safer aT ane fear or aaa 8, af ae mia B fier AB BLO.a 8409 4 (a) arg ¥ ae ar after Preeier, er oth ara BF my aia Bret 21 ene ae awuat (%) sre 3 are aay fe Reais ser wet 3 or ae: (i) yer aranferr segetr at gfe a wart 21 (i) dra at waa art we & aa 21 (ii) wheat at waa S aant ae eS fae wae #1 (@) ee > art vet ater at saat fafa sea F fae ‘wet re 10000 waa BA ar ater fee | ae arqatr ay 3? aan fat at ae a tee ake tee age duet at waftt aa 2? ee ae 2. (a) All insurance contracts are wagering contracts. Discuss. (5) (b) Define certain relations resembling those created by contracts and discuss any two of them in detail. (5)$409 5 (c) In case the Bailee does not receive payment under the contract. Which right is available to him? Discuss this right in detail, Discussing the kinds as well as bringing out the differences if any. (6) OR (a) Impossibility of performance is not an excuse for performance ofa contract. Explain. » (5) (b) Surety is a favoured Debtor. Discuss. (5) (c) A delegate cannot further delegate. Elaborate this statement. (5) (%) wit den sea ages (Mate) saa Ft gai wT (a) ase are wary ae Pata wail aT ofa we sie wat @ ft AK aR a ae Rt (a) aaa & awe afe act a eras al freer @ at Te aia a often svar 2? ae afte 1 Ran a wel ati vert a aa ae A aera ae att wate a at sa some at P.T.O%8409 6 wear (%) wet at siavaan ea amps Fo weT Fay op wert wal #1 wae ae | (@) wy wae ae wea art 1 wef ay (7) ea RR oat wiser at Bt reat) ge aor Bh faege afi 1 3. (a) Define the term Goods under Sale of Goods Act. (3) (b) Right of stoppage of goods in transit is an extension of unpaid sellers right of lien. Discuss. (5) (c) Arun contracted with Vimal to deliver 100 kg of. rice, but on 25th October he could deliver only 30 kg but his intention was to complete the contract When is property in goods deemed to be passed. Will the answer be different if the intention of the party is to severe the contract from the whole (3) contract,8409 7 OR (a) (i) Why is it important to determine the time in which ownership will pass? (3) (ii) Is right of resale available to the unpaid seller. Comment. GB) (iii) Goods are delivered by Mahesh, a seller for transmission to Bablu the buyer. The goods are loaded on 25th October on a carrier without the seller reserving any right of disposal. If the goods get damaged or destroyed on the way who will bear the loss. Will the answer be different if the seller reserves his right of disposal. GB) (b) Define sale and differentiate between sale and agreement to sell. (6) (@) andi (at) fat afear 4S aca are (et) wer aftafia a 1 ‘ PTO;8409 8 (ca) wer A ar Bower wT sire EOE artatter Raat ar ew Ree Rt tal BE (a) gram 3 100 Parad waar VAS fee Fae Sa stg faq, af 25 waqat al ae Baa 30 fart & 2 aan, Aft SHAT HEI Ta as HAT HE ATT ga mal arat 2 fe are H wafer afta a we FT wae wen Bam ge Tet ar eee ore HF ea a wat (=) (i) fret eafiee afte aan see wre Peer eer wat aecaget 3? (i) Mee a after scat fata a far sree 21 fata afi 1 (iii) APIA Gian Fay A IGT | fare faster AeA art fear omer 21 wet at 25 sre aT TH arerareen We ats erat aren 2, faer a are fat alg foc afer fi ate art afer et8409 9 sarer Boar aH ae Barer Boat event HT sorem ? af fama are ert ar fern ata waar # a) aor Tae ster Aa? (@) faa SY afar aE ate FRA athe Be S fare wera 3 ae ga TE 4, (a) Explain the term designated partner. Discuss the | provisions regarding appointment and eligibility condition of designated partner. (5) (b) Explain the procedure and effect of converting a firm into an LLP. (5) (c) Provisions of taxations for LLP have evolved over time. Discuss. (5) OR (a) LLP is a hybrid between a company and a partnership firm. Discuss. (5) (b) How are auditors appointed in an LLP? (5) P.T.O.pe Ee See 8409 10 corporated under LLP Act (5) (c) How can an LLP be in 2008? (en) Affe ter: ser a wre aR ae tere A fafa ate caer ad S ak F maura we aah we (a) we WH A caged Feet A afar ate HT at ¥ aay! (@) wet & Re aT SF wae wr SH arg faaiea wei wi et aie (=) ew eet sit eH adat wi A ae vant ws wits (wa) 21 awe aE (m1) werent # Beer where AR Ages fae ade? (a) varertt afefan 2008 B awa vat at Fa efter fea wt aaa 2? 5. (a) Information and Technology Act is not applicable to which contracts. Enumerate. (5)ae $409 (b) Differ 11 entiate between private and public key. (5) ‘ies 6) (c) Define the term subscriber and what are his dut under the IT Act. OR (a) Explain the powers of certifying authorities. (5) (b) Explain Digital signature and how are they different from Electronic signatures. (5) (c) What do you mean by Cyber Terrorism? (5) (@) aaa ste sett afahras, fat geet we ary Ae 21 faeqa wort ae (a) Rat ak wdse at Sate siae sfare (a) res wee St Una at aie ark stare F TET sas ada are? wuat (m) sftrenteat sonia wet a aa A aT aR 1 PTO.8409 12 (mt) Barer wena at re we ae a eager wee a da fier F? (a) argae sueievare B saat aa sift @ ? (1800¢This question paper containe 442 printed pages} ee No of Question Paper 7003 Unique Paper Code 22411901 a Name of the Paper Human Resource Management Name of the Course B.Com. (Hons) Semester wm Duration : 3 Hours Maximum Marks : 75 ‘Write vour Roll No. on the top immediately on receipt of this question paper.) Note Answers may be written either in English or in Hindi but the same medium should be used throughout the paper femoft :98 wea-wa a see stat or feet feet we arr 8 df, afer ai oni a ae ue a ar varfen Attempt all questions. All questions carry equal marks. eet we = sae Afra at weil Foie eam Fi PTO,(2) 7003 (a) What is Human Resource Management ? Examine the role of Human Resource Manager in the industrial organization. 8 (6) Define the term Employee Empowerment. Explain the benefits of employee empowerment to employees and the organization. 7 + (3) Ra Te wae eT 2? sitet aoT A ama ware yas cl after ar eter Ha (a) ward aefecacr at ofertas aif) acaricat aa aa a tent aera S oT aE! Or AAT (@) ‘HRM is not restricted to hiring and firing of people.” _ Comment on the statement and discuss the functions of HRM. 8 (6) Define Human Resource Policy. How do HR policies benefit the organizations ? 7 (a) “ara der wer cnt et aa we Ta sik | wer ae we dim wt 21" so mem a fet sift ca ama dareM wie arf at wat attra) (a) Ama warm at a1 ufenfia see) aa wae ir @ aret w an oy dat 3? |N (@) Briefly explain the steps involved in the Process of employee selection, 8 () “Job description and job specification are the two by-products of job analysis.” Discuss this statement. 7 (S) SHeRt wer st afin @ mfr ani at AF day 3 aaa (@) “Stet ar faeer aen tat Re stag farcer & dt sting $1" gq Hem at fear Soon Or/AAaT (4) Discuss the various sources of recruitment. 8 (4) Distinguish between ‘Placement’ and ‘Induction’. 7 (a) adi & fat didi at faaear sift (a) ‘wale’ co ‘esa’ A fate wR (a) Discuss the significance of training to both employers and employees. Why is ‘On-the-job’ training preferred for the operative employees ? 8 P.T.O.(4) 7003 (6) What is Performance Appraisal ? Explain Management by Objectives (MBO) as a technique of performance appraisal. 7 (a) Prireneit sik achattal Sat et wren & Fea at fader sift) sititier atarital & fea ‘ata = ata’ vier at ude frat ort F? (a) fora yeties ar 8? foo awed at we dain & wT A seal eI Wee (MBO) at caren aif Or RAAT (2) ___ Differentiate between sensitivity training and role playing. How is role playing useful in management development ? 8 (6) Distinguish between Promotion and Transfer. Also discuss the different bases of promotion. 7 (3) waereten wire ws ye fate a sia ore oc ara 2 () WAR OG er fate sta dah F faf srert st ft fara sa(@ © (a) (@) (@) (b) (a) (a) («5 ) 7003 Explain the meaning and causes of industrial disputes, 8 Explain the concept of employee health. How do working conditions affect employee health ? 7 drifts frat & ad wo aci a ore alfa | ata crea at sau at ore ati cam ot feafrat aad A caret a ha wofars oat &? Or AST Why do grievances arise ? Explain the procedure for redressal of grievances. 8 Explain the different types of fringe benefits provided to the employees in India. 7 fasrd wi wee edt €? fred & frat a yfea aaa am 4 ahaa at yer fet am are fatter yer S aa ot a oa ata P.T.O.7003 Write notes on any three of the following : 3x55 (a) 360 degree Performance Appraisal (b) — Work-life Balance (©) E-HRM (@)__ Significance of Job Evaluation (&» — Socialization. fefafed 4 a feet da ou fet fafar : (a) 360 fed vex aeaat (a) arsier sae (3) fare Serer Wer (%) Sa yea ar Fea (3) Fastae a Si[This question paper contains 24 printed pages] Your Roll No. b eascceccoreseess sistas Sl. No. of Q. Paper : 7004 J Unique Paper Code : 22411302 Name of the Course : B.Com. (Hons.) Name of the Paper : Income Tax Law and Practice Semester : II Time : 3 Hours Maximum Marks : 55 Instructions for Candidates : ctentat & fae frtar : (a) Write your Roll No. on the top immediately | on receipt of this question paper. Sa UAT HOTT ST ae Geet ait ae STI ta vax fers (b) Answer may be written either in English or in Hindi; but the same medium should be used throughout the paper. 2a M-Ta BT Gat sido a fet feet ww at A dfs, afr at cae ce & are F art arfen | P.T.O.7004 (c) Attempt all questions. Marks are specified against each question. eet nat wa EL TAS TTS oi ITF ama Pratt | 1. (a) Mr. Pankaj Kapoor (50 years old) an Indian citizen left India for the first time on 27.9.2018 for employment in Hong Kong. He earns the following incomes during the previous year 2018-19: fe. cere ae (SH 50 ae) oem ATES TTR > etratr H terme HF fey HT AT eae 97.9.2018 HH Att BIS Fea, saa fret at 9018-19 & area Fret omer srt fea: Particulars Amount (%) faaxet errafar_ (®) Income from House property 2,50,000 in India area # wat -eakt TST Fees for technical services ~ 45,000 rendered in India but received jn Hong Kong ard H cera Gari set at am Geb Sit eirenit A set ET 27004 Fee for technical services rendered 34,000 jn Dubai but received in Hong Kong gag F aaritett da WaT HA a Gee A etait ore Bet Income earned from a business in 2,00,000 Singapore which was controlled from Delhi (¥ 50,000 is received in India) pet & abe Regs H aaa. & ava (% 50,000 area HIST feat) Interest on debentures of an 12,000 Indian company received in Hong Kong anda aart & aera (era) F ara ot ehreit Foret ES Rent from property in Nepal 80,000 received in Hong Kong Aart at aeafer @ feeerar sir errnin Foret Be 3 P.T.O.7004 Determine the residential status of Mr. Pankaj, j (giving reasons for your answer) and his taxable income for the assessment year 2019-20. 8 Sf dar aa } onania ae ar Pater wt (SoA Sat aT eT gee ga) ae Prater at 2019-20 & fea agar ea saa (b) Income earned during the previous year is chargeable to tax in the immediately following assessment year. State the ' exceptions to this rule. 3 fet at du afta era adam Retort at a ae are 21 gq Pam } oar a OR STAT (a) Determine the taxable income and tax liability of Ms. Kalyani Rao (60 years of age) for the assessment year 2019-20 from the following information for the i reviou: 2018-19: ° aie 8) eae BL:7004 = Particulars Amount (7) Pract erat (&) (i) Gross salary per annum 7,50,000 sfa at aye dat (ii) Gross Agricultural Income 9,60,000 aept pit ara ora (ii) Expenses incurred 1,80,000 on earning agricultural income ay ara cra tg sa Ww we at Tal tr (iv) NSC (VIII Issue) 40,000 purchased on 01.01.2019 wea gad va (seal Fria) fest 01.01.2019 a ma fear Tar {v) Contribution to Public 1,20,000 Provident Fund udu afasa Pfr A cigar (b) Explain the term ‘assessee’, 3 FTA TE Sl ARE BL | 5 P.T.O.7004 2. Mr. Alok (a resident individual) retires from Reliance Retail Ltd. Bengaluru on October 31, 2018 after completing 19 years and 11 months of service. He receives the following remuneration for the previous year 2018-19. Compute his income under the head Salary for assessment year 2019-20. 11 RB. oats (sda wa aa afta) Reid Rea fammts, Fras J 19 of 11 ae at Aree | ueag feats 31 ceeax, 2018 a Gaga area EI ae fea ae 2018-10 & feo as afi ort axa &, saat Mek af 2019-20 & fea aaa act & fa aa at wer at Particulars Amount (%) faaxer errifar (2) Basic Salary 1,80,000 p.m. ya a4 1,80,000 ofaare Dearness Allowance 35% of Basic Salary (40% forming part of all retirement benefits) yet aa HT 35% (Ganfga PT SINT AT VEG BRT 40%) 6Interest free loan earet Ved FT House Rent Allowance at am Pere FAT ® 7004 Employer company gives an interest free loan of % 6,00,000 on 01.07.2018 which is fully repaid by Mr. Alok on 27.10.2018. SBI lending rate is 12% p.a. faaim 01.07.2018 at fraterm ait F 6,00,000 at aot tea ser et S ST fa. ones arr fei 27.10.2018 a Yt yas act far TAT | TAo ato ago B PT Bl AT wz 12% ofaat 21 % 68,000 p.m. (rent paid by Mr. Alok is € 65,000 p.m. from 01.11.2018, he resides in his own house) % 68,000 sfcare (feat 01.11.2018 @ fi. steites art % 65,000 sferare spat ear eT ae ST froft ax FH xa 3) 7 P.T.O.7004 Innova car (2494 c.c.) SANT BT (2494 c.c.) Pension tet Car is owned by employer company and provided to Mr. Alok for official as well as personal purposes. Diesel expenses and Chauffeur’s salary incurred by Mr. Alok : 14,000 p.m. Peatec aot a ert Prsit art al FH. are Bt Sah eafrrat wd arate scart & fet fear are are Ue Sir ae & fer FH. orreite @mt 14,000 sfeare fear aT | = 1,00,000 p.m. (he gets 40% of the pension commuted for ¥ 20,00,000 on 01.11.2018) % 1,00,000 ufeare (fears 01.11.2018 af te daft 40% % 20,00,000 & faa srt fear) 87004 Gratuity % 25,00,000 (Covered rage by payment of Gratuity Act, 1972) % 25,00,000 (eg ya afer , 1972 a omnia) Accumulated balance % 30,00,000 from Recognised Provident Fund cara afer fate art dfert, rafar Gift from employer = 18,000 company of Microwave oven at the time of retirement aamga a 3 ae fester al art sre A yeaa sitet OR Heya (a) Give four instances where annual value of house property income is not charged to tax. 2 we ye wore a aie om a wt wet WT TT ST SECT (aa) AS 9 P.T.O,7004 (b) Ms. Shilpi (a resident Individual, age 55 years) owns three houses which are used by her for residential purposes. From the following information, suggest which house should be opted as self occupied and accordingly determine the income under the head House Property for AY 2019-20. 9 stadt Riek (55 af at ote tet afl) Rs am fet waa oranda soar H Seva S ae Rafer yr $ ora we Tare = aaa aw we wa S sei FS sik rater at 2019-20 % feat war arate Aci H ora ar Prater at Houses A B c wet ar Pract z- att aft eR Ry Municipal value 5,80,000 —_10,00,000 6,50,000 rare (Freitag) eter Fair Rent 5,88,000 88, 10,00,000 a 6,30,000 Standard Rent 6,00, ,00,000 - 10,00,000 6,00,000 Municipal taxes 10% 10% Paid by her ‘ _ Frm & ax ot oad arr SRT Fey a 10Repairs and Insurance 36,000 premium wore are od dh shies Interest on Date of 11.08.2017 Borrowed borrowing capital sae AA ai fate (Capital was Current —_1,85,000 borrowed for —_year's interest construction = acta ath ar of the at - Properties) Aggregate 3,40,000 of Pre construction period interest sare ai eat era oe art (erafa Prater ari % & Pater ag ood erm aor sare ah rat 11 65,000 7004 1,80,000 01.01.1998 02.04.2015 1,00,000 NA 36,000 4,30,000 P.T.O.7004 3. (a) Suresh is owner of two buildings which are used by him for his own business. The written down value of these buildings is % 15,00,000 on 1.4.2018 and the rate of depreciation allowable on this block is 10%. He purchased another building on 1.12.2018 for = 25,00,000 and sold one of the two old buildings on 1.3.2019 for % 18,00,000. Transfer expenses amounted to % 20,000. Compute the allowable depreciation/ taxable capital gain for the assessment year 2019-20. 4 ger to wt a af & at sae ant wa Pot aca + sar fea oe &1 fei 14.2018 a set a ar AST % 15,00,000 afar ar 8 sik sa ae h fa 10% Fea aH eitepa Pear war oes feats 1.12.2018 4 % 25,00,000 # way ma fear Si ved B A wast FA us ‘WA F 18,00,000 4 fexim 1.3:2019 a ene et Rasa Betsey we % 20,000 | Prater af 2019-20 & fe 2 a BA at ees ie ears oi ay at mn I 127004 (b) XY & Co. a partnership firm has paid {c) interest @15%p.a. amounting to % 90,000 and remuneration of % 4,80,000 to its partners during the previous year 2018-19. The book profits of the firm have been computed at & 5,00,000. Calculate the interest and remuneration allowable u/s40b. 4 Gio age ws Sart up maa wt A 15% siaat at att ora oe fahrat ar at 2018-19 a face Pret sept fear = Salary (computed): % 3,00,000, aan (TMT atGAMR) : F 3,00,000 Loss from House Property: % 2,15,000, aaq aut & ara: %2,15,000 Long-term capital gains: % 3,00,000 and Income from other sources (including savings bank interest of % 40,000) : % 3,15,000. ait craft & tira art %3,00,000 sit ary airdt & ara (% 40,000 sad We ANT afed) : = 3,15,000 He invested % 75,000 in notified mutual funds (equity linked savings scheme), % 30,000 in Sukanya Samridhi account scheme, ~ 35,000 in debentures of an infrastructure company. 21 P.T.O. .7004 He paid a premium of € 25,000 for his Lic policy on 31.3.2019 (sum assured ® 2,00,000 purchased in 2017-18) and % 18,000 LIC premium for a policy for his wife on 05.04.2019 (sum assured ® 1,75,000 purchased in 2017-18). Ser 375,000 afar =geTat wes (sad eS saa asm) % 30,000 geen wate aerit eit % 35,000 seer eet SF fare ¥ fara rar say fis 31.3.2019 zt % 25,000 uo ange wto sifrat (at 2017-18 ¥ %2,00,000 am usht faa) Are % 18,000 sites feria 05.04.2019 at (% 175,000 4H ust 2017-18 % aa A wt) gra ear Compute his taxable income & tax liability for the assessment year 2019-20,7004 (b) Explain the provision of Section 80D (a) (b) regarding medical insurance. 3 fatsetia at ar faa art 80 Zt waar S axel ast OR aera Explain the rebate of tax available under section 87A. 3 aT 87 Us seria Goer tar S ge ar faacer pt Explain the provisions related to set off of losses under the head house property, business and profession and income from other sources with respect to inter head adjustments. (Section 71) 3 aot ata seh @ orate aah a ware ae & uilasrt ar flacr et, qa ud era adi @ ara a aariee a aaa F1 (art 71) 23 P.T.O.7004 (c) Explain the judgement of the Supreme Court case Philip John Plasket Thomas vs CIT (1963) and the income tax principle derived from it. 5 aret & frerit a tad eF Gi ae aa fer att wehbe ate vs lo sige * Go (1963) & Pra ar sere F1 24 8400ee This question paper contains 7 printed pages] S. No. of Question Paper : 7005 Unique Paper Code : 22411303 J Name of the Paper : Management Principles and Applications Name of the Course : B.Com. Hons. ‘Semester : Duration : 3 Hours Maximum Marks : 75 (Write your Roll No. on the top immediately on receipt of this question paper.) Note :— Answers may be written either in English or in Hindi; but the same medium should be used throughout the paper. feuroit : Fa WRA-Ua Hr Se Sst aT fect fret we wT 4 dfs; Afra ait ant a areas wa at eT carfew Attempt all five questions. Question 1(a) is mandatory for all. ait uta wet & ar dfn wet 1(3) at & few atari 21 P.T.O.(@) (6) OY (2) 7005 Voltas has been manufacturing and marketing Air conditioners for a long time in India. Recently the company entered into Joint venture collaboration with a well known British multinational corporation. Among the major objectives of the joint venture included technology up gradation and productivity improvement. The company was currently estimated to be not only highly over-manned, but inefficiencies of various kinds have also been noticed. More than 2000 employees of the company are unionized and most of the union leaders appear to be against the introduction of any change in the technology. As a General Manager, would you suggest Human Resource Planning at this stage to deal with the problems ? What steps should be initiated to ensure the success of the joint venture ? 8 Planning is the meaningless without control and control is aimless without planning. Explain. 7 (a) Fears wea aes 8 a Fo wR tern ar Prahr ak fare az wer 21 oe Ot A Het A oe ves gaifad fafer sendy frm & wea WaT ser aed 4 vag fea daa sam ho wy wees 4 grenfrat 4 seem sik sereeo 4 gar efter 2) wert 9 adam 97 Sac safer ara erSl SqaM eran ot ates fats went et serait al ft Ser eH a1 Hert & 2000 8 srfts ara wae B ote da a oftrenig Aer sethrat F fret W aeera st yesnd & fears $1 serves & wy 4, er ory arent a fraet & fea va ae TARa dared ast wl Gara St? aged sey at amen afivad eet & feu an wen sae wm uifeq ? (3) Fam & fan fram fees & sik Prise & fer fer cera 31 caren afer) Oro (6) Discuss various techniques of control, as may be used in an industrial enterprise. 7 (3) stenfte sae 4 seam at on aa ait fear at fats cede at fader aif 2 (a) ‘*Management is the art of muddling through the situations.” Comment upon this statement while discussing the features of contingency approach. 8 (6) ‘*Management is the effective utilization of human and material resources to achieve the enterprise’s objectives.” Comment. ie P.T.O.Gelatin (4) (31) “gigs, feral ap area @ HTaE ToHeTY Ht eT 1 omens sormer at feta Tat eee Re we HK fot shee! (a) sere Se abet a ret HET fee WaT ATI ax site dani a werd sear a1” feomt afar Or TAT (@ “Each of the managerial functions is an exercise in coordination.” Comment on this statement. 8 (®) “Managerial environment in future is going to be more challenging, requiring high degree of professionalization from managers.” Comment. 7 (@) “wae viueta ort gaa Fo wr sare 21” oe wy feat aif (@) “afer 4 weeata omer sfies sat ay aren %, gad feu waist @ sere & casera wt sree &1"" froze safe | 3. Write short notes on an y wo: 75x2 (a) TOWS Analysis (6) BCG Matrix (C) Strategic Planning.(5) 7005 Prafefian FO fart at owe cfr feof fafien ; (st) (a) (@) (a) @) ( (a) (a) () Tows faye BCG Afra writ ast ovareren What are the features of Decision Support System ? Differentiate between Decision Support System and Management Information System. 8 “No enterprise can achieve its objectives without systematic planning.” Do you agree with this statement ? Also discuss limitations of planning. 7 Fria wads woret st an fas & 2 feta ane wore wen weer Ger wore F siat waa “ang it sem caafies Peis & fart rat seer moored ae ae aaa SI" an or ga He a wend @ 2 Shr at dhasit at st wat safer “Delegation provides the means whereby a manager multiplies himself.” Comment. 8 Write short notes on ; (1) Line & Staff Organisation 4 (2) Matrix Organisation. 35. (6) ona (a) ‘warts ae ener eA we & FARA ses wei @ dain ser t1” feet Fife (a) Pra we afar fect fear : ) ae ak we AEF @ Age. ara Orreat (@) What problems are created by informal groups for the organisation ? How should management deal with such groups ? “8 (b) Write short notes on : (1) Matrix Organisation 4 (2) Network Structure. 3 (@) wret & fee stenite agi ge aa cae a at ont & 2 wae a tS wei 8 Sa foe vafen 2 (@) Few int ent fata : ) Aiea are (2) Fea ier Write short notes on any three = 3x5 (a) Informal Communication (6) Managerial Grid (c) Critical Path Methog (d) Return on Investment.a7) 5 fet aR ow afra feoroit fatter : (a) strate war (@) vata firs (a) Ti ger fate (%) Fras we frre! Ora (@ “Leaders are born and not made.” Comment. 8 (6) Distinguish between Theory X and Theory Y of motivation. 7 (a) “Far ter aa SoA Ae oa” feo sae (a) afi o feaia x wen fain y oe safe 8,400This question paper contains 8 printed pages] §. No. of Question Paper : 7006 Unique Paper Code : 22411501 J ‘Name of the Paper : Principles of Marketing Name of the Course : B.Com. (Hons.) ‘Semester iV Duration : 3 Hours Maximum Marks : 75 (Write your Roll No. on the top immediately on receipt of this question paper.) Note :— Answers may be written either in English or in Hindi but the same medium should be used throughout the Paper. Reont sea mera a aa oft at fet feat ee Tm 4 tifse; aft at ant ar mer um a aa varfen | Attempt all questions. All parts of a question must be attempted together. at oer ifs) wh ail am wh we ae EI PTO.( 2) 7006 (a) _ Explain the role of marketing as an instrument of economic development in a developing country like India. 8 (6) “Marketing mix framework of 4 P’s is applicable to tangible’ products only and not to services.” Justify the statement by explaining the marketing mix for services with a suitable example. 7 (a) ana Sa fase ta A onfts faa F), ae & wo FA fam wt yffer ore aif) (@) “aps a farm far a aaa Ad sem Rory da & 4 fH saat wi” saga sre a aa tat S few from fam st oem wa Re ee a et seuss Or/ ATA @ Wi 5 hy does a marketing manager need to understand } marketing environment ? Explain the importance of the demographic and economic environment in taking prudes! strategic marketing decisions, 8as Nn (3°) 7006 (6) Explain. the evolution of the marketing concept giving examples. 7 (a) WER aaa St BREA SH fea aVHfe aes St snavaaan wal 8? fataq writfer fawn fia aa i sraifertta otk onie amet Honea Hl TAAL (a) far sae FS faara Fl MAEM SIRT 2a ee aif (a) Explain the significance of product positioning. Discuss any five bases of product positioning for different brands of cars in India. 8 (6) What is consumer buying behaviour ? Briefly explain the buying decision process of an Indian middle class family for the purchase of an apartment in the NCR region. 7 (a) sare + feafa S mea a ere ata aT A art & fat ast B fore sere feat & fed uta sri al fata air (a) Te FI CEN at? Wen. a a we smdiz at aig am fee we aerate anda far at ete frets afren at afar aren aifsa P.T.O.7006 (4) Or ATA psychographic and (a What do you understand by st suitable bases arket segmentation 7 Sugge: t for the following products giving behavioural me to segment the market reasons : (i) Business Magazine ii) Luxury Cars (ii?) Formal men’s wear 8 (b) What do you understand by branding ? Discuss its significance. What are the desirable qualities of a good brand 2 7 (a) Waa AR AERTS ATS fager 4 amen aan sift $2 sere aa Be Prater wari 2 fae aR at saa TA = fe | STE AR Bees: | () AR WHT We aR | (ay arrates yea a yeaa } a ae as pet ee aia aa ®?@ (6) (a) (a) Cs) 7006 “The most imp: rtant factor in successful new product development is matching the product and market needs.” Discuss the statement with respect to the process of developing a new product: 8 What is pricing ? Explain the following giving examples : (®) Differential Pricing and Product Line Pricing (ii) Psychological Pricing and Competitive Pricing (iii) Cash discount and Trade discount 7 “gaa wa sae from A wad weap ars ser at aon at werd ar fret @1" wh wa sere a faafoa act at viz & aay Ava ae et faten athe! Ae fein aan &? frefefad at aterect SST ati () fatee ara fruit sik sere AT Freteor Gy THR ART fui sik wierd AeA Frater (i) THR HE SR AIIM FI P.T.O.oo ( 6 ) 7006 Or/aaaT (a) — Suggest appropriate marketing strategies for each stage of the product life cycle of a product. 8 (b) Discuss various factors that a consumer goods marketing firm needs to consider while setting a price. 7 (a) feet srg S we stat aH A Ws aT & fa saat foo wrifral ar gare cfs (@) = fai areal at aot athe fare we soe aan far wi at sind falta aed aaa fra ae at sravraa et 21 (@) _ Briefly explain the various elements of promotion mix. A start-up wants to introduce its detergent powder in the market, giving reasons suggest an appropriate promotion mix. 8 (6) “Rural markets are expanding very fast.” Discuss the marketing mix of rural markets in light of the above statement. . 7 (a) aftgfs fs & tafe asi at dir sen aia wr eda om fede ue A ar 4 a act sen &, aT 8a ee oe afar aftgte fom ar yea xfs(7) 7006 @) “orie aa ag ast @ dae er" @ (6) Sat Fe S arete Farin arat + far fas at faa sift) Or AAA Discuss the role of personal selling in promoting products. What advantages a selling offers over advertising ? 8 Explain the following giving examples : (i) Departmental stores and discount stores (i) Mail order retailing and Vending machine 7 (a) set Hage 8S fee aera fae ara? | faa @ afi cafe fama # wr wae F? (a) wre 2 eM Frefetiod et cre FA: @ ferdiza we wi feeane wd (iy Far ore feetein HE Aen ei PIO.7006 Write short notes on any three : 3x5=1§ (i) Bthical practices in marketing (i) Elements of marketing logistics (iii) Relationship marketing (giving examples) (iv) Classification of consumer products. fmfatod 3a fat de ow afar fecufrat feafaq : « farm 4 Afr caer @ fr ate 3 7 (i), FAI FIO (see VIE) (@) Seen seret at atic)This question paper contains 16 printed pages] S.No. of Question Paper : 7007 Unique Paper Code : 22411502 J Name of the Paper : Fundamentals of Financial Management Name of the Course : B.Com. (Hons.) Semester avs Duration :3 Hours Maximum Marks : 75 (rte your Roll No, on the tp immediately on receipt of this question paper) Note :— Answers may be written either in English or in Hindi; but the same medium should be used throughout the paper. 5 foot sa Wea Se SS oT fest fast ww AT 4 df, ate wt at ar em we et a varfen | Attempt All questions. All questions carry equal marks. Use of simple calculator is allowed. at wet & an df at wei FS sis wm FI aR SeHA HT STM AT Fh 1, (@_—_How can you incorporate risk in capital budgeting decisions ? 4 PTO. |(2) om (>) A company is considering computerization of its inventory and billing procedures at a cost of % 2,00,000. Installation charges are % 50,000. These outlays will be depreciated on a straight-line basis to zero book value which will also be its salvage value at the end of its life of 5 years, The new system will require two Computer specialists with annual salaries of % 40,000 per person. It is also estimated that annual maintenance expenses of & 12,000 will have to be incurred. The new system will lead to reduced production delays, thus saving & 20,000 annually. It will also help to avoid stock out cost of % 25,000 per year. Timely billing will increase inflow by % 8,000 per year. Six clerical employees, with annual salaries of % 20,000 each, will also become redundant. The company’s tax rate is 30% and required rate of retum is 12%. Evaluate the project. What will be your decision if salvage value is taken as 7 30,000 for purpose of calculating depreciation, even though the machine will be worthless in terms of resale value after 5 years ? ll (@) an Sina ase Fer At sie a Sa efter at and & ? (3) TH Heri e 2,00,000 Ft aT we aret ER sie fate viet F woptem HR far Fe(a) (6) 7007 ae E1 eaTTT EH ¢ 50,000 81 Fr Fahri a 2 Tow ahh tar S HM K wae is aim tt fe sad & str ain & eect Frere ae ot es ET 3 aragt fates A, x 40,000 sft aaa afar aaa afer ataeaea at ae ot aga & fe atte cava we z 12,000 at ae TA sé wort & sores Get art free atts waa ¢ 20,000 Ertl FAA wha aH x 25,000 TF ue fafem @ wit ad x 8000 Ft aia ei < 20,000 afte aa WA al B: fate atart of fea @ oa) Har a a AT TT 30% & ak vas 1% 3) UT aT AIA wife sree Fria sar an aie Pree AT yeaa S sera H fer = 30,000 frat wa avis saat @ ae ain wiiea saa & aq ad a oneh OrK ATA) Critically evaluate the payback method for evaluation of long term projects. 4 Able Electronics is considering a proposal to replace a machine which was bought three years ago for % 10,00,000. It has a remaining life of 5 years after which it will have no salvage value. But if it is sold now, PTO.(4°) 7007 it will realize % 6,00,000. Its maintenance cost is expected to increase by 2 50,000 p.a. from the sixth year of its installation. A new, more efficient machine is available for & 15,00,000. This machine can be sold for % 6,00,000 after completing its life of 5 years. This new machine will lead to increased productivity, thereby increasing the revenue by % 1,50,000 p.a. It will also reduce operating expenses by % 1,00,000 p.a. The company's tax rate is 50% and cost of capital is 10%. It uses straight line method of depreciation. Advise the company about the replacement What will be your decision if the expected salvage value of the new machine is % 2,00,000 ? mM (3) dears vicina & qeaies & fat ate vet a arise yee safes @ a weiter w i win a aaa ae = z amt one i os ai wee pie Ol Sa We saa 5 ad fied ae sa ate fre yea at Sm! a 88 Ht Fat se Ft 6,00,000 8 farce Sri eat STE wS ate cast vaca FT crm H x 50.000 at fe aA at aie 15.00.0004 wa a8 fee age usta aC5) 7007 aE Fe UM. BF 600000 4 AT AM THAT Bye Fe Aen Bo ccHeET F gfe ert fread wa F vft at < 150,000 at of eth waa uitarer ora A ot vfs at < 1,00,000 at art Sh Hert set He-et 50% S ten Gs Ht cra 10% Bi ae Aeaerea wt diet Tear fates ar scar wa &1 year So at A eer a ware aifre afe ag AR ar stefan Frearet Ara = 2,00,000 = a ame free an am ? What do you understand by Agency problem? How can it be resolved ? 4 (5) Prepare the income statements from the given financial data for Company A and Company B for the year ended 31st March 2017. Also comment on their financial position. Particulars Variable expenses as % of sales Interest (in Rupees) 3,00,000 Degree of operating leverage 6 Degree of financial leverage 4 Income tax rate 035 (a) WR St wren 8 ama a wad #2? aa va fen wm wean et ? PTO,( 6 ) 707 (a) 31 ard, 2017 ware ad fore aan 4 | am aarp & fea me fata sagt a ay faacr dar aifergy stat feritr feet ae fecquit alfsre) We wart p Ratt wa fama % =r @ A) 3,00,000 afta cata at Ar 6 | fava ciate at at 4 aR 035 Ord eT) (a) “A rupee of today is not equal to a rupee of tomorrow.” Explain. 4 (6) Calculate the overall cost of capital of Sushant Ltd. from 4 | the information given below using book value weights and market value weights : I Book Value Market Value ®@ ® Equity Shares of 2 10 each 4,00,000 6,40,000 12% Preference Shares of % : 100 each 1,00,000 75,000 (Redeemable at par after 10 years) 11% Debentures of % 100 each 2,50,000 2,25,000 (Redeemable at par after 5 years) Reserves 1,00,000 _C7) 7007 Last year the company paid a dividend of % 2.20 per share. It is expected to declare a dividend of 2 2.42 per share. The company has been maintaining the growth rate in dividends over the years and is expected to do so in future. Tax rate is 40%. (A) “SAH SH WH LIT SA F UH TH FH WR wat 31" caren aif (@) Gm Fan a aR ART wT TTT wa ee fa aoe ured @ gid fe at pt st aa amd a wr ati : Gat Frat AIT. Aer ® ® waa sig Wea z 10 4,00,000 6,40,000 10% SPAT See 100 WH —_1,00,000 75,000 (do ae ae GT RK yfaeay 11% feared = 100 Wer 2,50,000 225,000 6 ae ae VAT K yfaeay amfara fafir 1,00,000 = — qoa ad wert 3 t220 af dae SF TTT ar ya fan ami ae aren & fe vfs TR PTO.(@) @) (8) 700 0242 a wav fer Bert at a cry a gfe me aa wt ott oer F ter ay al sai t) ae Ft 40% FI Discuss the different approaches to financing of. working capital. 4 From the following information estimated by Swastik Ltd, for the next year, calculate the working capital required | on cash cost basis : zg Sales (at gross profit of 20%) 27,00,00 Raw material 675,000 Wages 5,40,000 Manufacturing Expenses outstanding at the end of the year 60,000 Total Administrative Expenses 1,80,000 Total Selling Expenses 90,000 Desired cash balance 1,00,000 Finished goods and raw material are kept in stock to meet | month's requirement. The company gives a credit of 2 months to its customers and gets a credit of 2 months from its suppliers. Wages are paid with a time lag of 15 days. All other expenses are paid with a time lag of | month. There is no work in progress.: (9) 7007 () (a) The company includes depreciation in its cost of production. Finished goods are valued at manufacturing cost. A safety margin of 15% is to be maintained, 11 anigta at 3 fat tm & fafier adel Ft fata aifae| ama at &@ feu eafere fa. oo arpa fra ata 8, THe GTA SH AI AAT arigta st at wr aif : < fart (20% H Fea TY W 27,00,000 ee AT * 675,000 aagt 5,40,000 ai S oa A frat om 60,000 aa wets wd 1,80,000 ae fara od 90,000 afd wae TH 1,00,000 TTA Await er B1 15% cA wr wen * i eer afer P.T.O,Or{ IAT) (a) What are the different motives of holding cash ? 4 (6) A company manufactures 1,00,000 units of a product annually from a raw material which is purchased at % 60 per kg, It incurs a handling cost of % 200. and freight of & 550 per order. The inventory carrying cost of the raw material is % 0.75 per kg per month. In addition, cost of working capital finance on the investment in inventory is % 6 per kg per annum. One kg of the raw material can produce 2.5 units of the product. Calculate : () Economic Order Quantity (i) Frequency of ordering (iii) If the company wants to place orders on quarterly basis, what percentage of discount on the price of raw material should be negotiated ? 1 (a) wed Tat S fafer Hees eT Ee ? (a) WH wert wed Ara B AeA |,00,000 Bre SAE ari & fra z 60 Wa fect & faa a ala ret &1 gaat tosfein wir ¢ 200 TEM wht STE omer ¢ 550 81 Hea A At at vara ara zo75 vit fret viene 1 yas sree Fadl q fa w aria it fan at arm % 6Co) 7007 wit fect afte &1 we feet wea We se wl 25 eae a SORT wt aM ZF TR alfa : @ aiff sree APT G) se A at srafa Gi) fe Wert fret sree we sree Aa aed Sa aa me at sha wt feat siren RW Tea st wet afer 7 (a) What are the different approaches to calculation of cost of equity ? 4 (5) A company needs to raise % 10,00,000 for a new project which is expected to yield an annual EBIT of & 1,60,000. It is considering a possibility of issuing equity shares along with some amount of debt. It has an option of raising a debt of % 1,00,000, % 4,00,000 or % 6,00,000. Debt is available to the company at the rates indicated below : Upto % 1,00,000 : 8% Over % 1,00,000 and Upto % 5,00,000 : 12% Over & 5,00,000 : 18% Current market price of its equity share is % 25 which is expected to drop to % 20 if funds are borrowed in excess of % 5,00,000. Tax rate for the company is 50%. Suggest the best financing alternative. Also calculate financial break even point for all the three options. 11 PTO. ee(12) oor (at) Sead SA ea I TAT F Fore fates Gen wm t ? (a) eae Berth ay ee aE afeeTTAT F FETE 10,00.000 yen at wer & fred afta EBIT % 1,60,000 gfe a sate #1 EGS wT TAS AA | dead dat Sond we at Sea FER at Ut AE 1,00,000, % 4,00,000 I & 6,00,000 a ag a fewest EI aa a mt at me wert Swe SIT z 1,00,000 7% } am | = 1,00,000.3 afer TF 5,00,000 TF : 1% 500,000 @ stan : 18% | wae fed oe Ht ada a whe 25 F tf % 500,000 8 afer at af see feat wT we 20 we fa A wie to sent at ai ax soy B1 Baa stan faethe facned Gena! ae @ dri aed & fem fata dger-en fry Camara farg) at it vor afar OrK AAA) (a) What behavioral justification is given by the MM approach to prove their hypothesis about the capital ' structure decision 2 4 (6) Company X and Company Y are in the same risk class and identical in all respects except that Y uses debt— ( 3B) ati of 2,00,000 carrying an interest of 12%, whereas X is an all equity firm. Both companies earn a return of 20% on their assets of % 4,50,000. @ Ww Calculate the value of both the companies and their overall cost of capital under the net income approach taking cost of equity as 15%. Calculate value of both the companies and equity capitalization rate using NOI approach taking overall cost of capital as 15%, (iii) Compare the results and comment on the differences. I (a) fst dean Fe Fo ak A sat ckeco a fag ee & few MM sare ge an caer ata fer an & ? @) wert x ak wert y uw dt cifer af at a att aac 7 war & feo wae fe y 2 2,00,000 St a sram wet & va HW 12% am fram ¢ wate x un ait deat wt a Sri amafrat x 4,50,000 et waRT WH 20% wt am wart &1 @ 15% @ STH ead a amma eA act We a gfeaitn FS cea cei eet =F aes a wrath Sst et ae ca Bt TT wifera | P.T.O.@ (6) (i) 15% WT A EI GTA SA AT Nor Beir mw sein ad ee waft F qa ak ted eo a at TR aif) Ga) Wore a gern ware ae ATA we fer atte What do you mean by informational content of 4 dividend ? The following information for the current year about XYZ Ltd. is available to you : Earnings of the Firm = 18,00,000 No. of equity shares 3,00,000 Amount of ‘dividend paid & 9,00,000 Return on Investment 22.5% Cost of Equity 15% ——$ (i) Calculate the present price of the share and value of the firm using Walter's Model. (ii) Is this the optimum payout ratio ? If not, what is the optimum Payout ratio ? What is the value of the firm at this payout ratio ? (iii) What is the Payout ratio at which value of the firm will be lowest ? (i) What should be the Payout ratio if the firm wants to keep its share price at % 552 (v) When, will the firm be indifferent about payment of dividend ? at(18) (a) eT St Geers oral a sree ae shia z 2 (@) xyz fe. B at A adam (aq) af st area fre wart sae @ : wt oat aa tad wat a det = 18,00,000 3,00,000 wae at oe % 9,00,000 fa mR yer 25% teaat a am 15% (@ ae S Hea wt avin ae oR atm sma att wt @ qe at rT wife (i) FU Fe Fe YT sya & 2? ale ae, a Scns aa & ? Fa TAR, apm 4 oi wm aq ane 2? . Gi) FE RR soa an % fa aw wt a ya awa an tm ? (w) Ae FA sre vee ART e 55 TET are od wa aqua an ea afee 2 ® AS pe # at owt wa seria ert?( 16 ) 7007 ork tea) the dividend policy of a (a) __ Discuss the determinants of 4 > company. (b) Relay International belongs to the risk class for which the appropriate capitalization rate is 10%. It currently has 1,00,000 equity shares of % 80 each. It is thinking of declaring a di is expecting @ net income 0! vidend of @ 4 per share at the end f = 8 lakh estment of of the year. It and an investment proposal requiring an inv % 15 lakh. Show that under MM assumptions, payment of dividend does not affect the value of the firm now and after the issue of new shares. i (ea) feet art at erie fr & Protea Ht Foe aitat | (a) fa eeGera iter af a aeafer & frat fae see ator ee 10% 1 ad A PAS wet 80 aA 100,000 Haat eR Ewe aT S aa Foo de cas TM St ST ae Ht ata tH Bi aez 8,00,000 Ht YS A ai wig ax HO ok we fra vers ee ee MM Arras & ae, MIT aT A ah EH ae we ee aA wafaa wet wen 2 7007 16 -Sea Se ye tn This question paper contains 4+1 printed pages) §. No. of Question Paper + 7008 Unique Paper Code + 22413301 J Name of the Paper : E-Commerce Name of the Course : B.Com. (H) : SEC Semester : i Duration : 3 Hours Maximum Marks : 75 (Write your Roll No. on the top immediately on receipt of this question paper.) Note :— (6) ‘Answers may be written either in English or in Hindi; but the same medium should be used throughout the paper. Fa WRLTR HT oat Sst a fet fret cH TT 4 dfs; afer at sat ar area we et eT cafet All questions are Compulsory. wit we afro @ Describe business to consumer (B2C) e-business model. What are the advantages and challenges of B2C model ? 8 Explain the marketing phase of website development. 7 PTO. | | |SD (2) 70g (at) susie By erat (2c) ¥-fasre Als aT ay alfa! poc tsa B wre sik wpifrat en #> (3) dau faara F faqs ae (wae) a eAeq aifau or/taat (a) State the needs and limitations of Bricks and Clicks business model in retail industry. 8g (5) | What are the advantages and disadvantages associated with outsourcing web designing ? Z (3) Gea sin 4 faae con feces fara aise Fi wea wa drei a sag (a) aneeftn aq feorfin 8 ys wee ait yRaA wt? (a) Differentiate between symmetric and asymmetric key encryption. 8 (6) What are the objectives of e-commerce security 2 7 (a) wafea cen started ast uber F eq sit alfa (a) dated yen F seq an F 7(3) 7008 oristaet Briefly explain any three of the following : 3xS=15 (@) Data Confidentiality (ii). Firewalls (iii) Hackers (iv) IP Addressing (vy) Cryptographic algorithms. frafafiad 3 8 fect die at afera aren wifey: @ Se AFT Gi) RARATICR Gi) @ set Tetan 0) fretnftrar cys | (@) What are the kinds of e-money ? When does an anony- mous ¢-money become identified e-money ? 7 (6) What are the advantages and limitations of online marketing ? 8 (a) StS ve EME 2 Ha UH SA FAA identified tant of ot & ? (a) ater aréfn & oree ak dard amt ? PTO.