Ja|ta eme-|a| dacat|eaa| Sec|etq':

:,.?. tc:ttx:c Otttct

,Approed by AIC1L - New Delhi & Ailiated to JN1U - lyderabad,
AMMAPALLM (V), NLAR 1HANIKLLLA, KHAMMAM S07 30S


SU8 8USINLSS LAW
701 dcscrilc various coniracis classificd on iIc lasis of validiiy?
2 5lain Offcr and Accc5iancc?
3 Iai is a ncgoiiallc insirumcni? 5lain wiiI cam5lcs?
4 riic aloui Indcmniiy and Cuaraniy wiiI suiiallc cam5lcs?
5 Iai is LA? riic an accouni of iis classificaiion in conncciion wiiI Dusincss
Laws?
6 cfinc Promissory noic? And wriic csscniials clcmcnis of ii?

$&
cfinc Accouniing concc5is and convcniions?
2 Dricfly dcscrilc aloui accouniing funciions and classificaiions?
3 ournalizc iIc following iransaciions and 5rc5arc Lcdgcrs
Salarics 5aid Fs 2500
Commission rcccivcd Fs 500
iscouni allowcd Fs 200
CasI salcs Fs 7000
Fcni 5aid ly cIcquc 3000
T.V 5urcIascd from X Fs 2500
4 From iIc following 5ariiculars 5rc5arc siorcs lcdgcr accouni undcr LIFO
MciIod
Oci O5cning lalancc 400 uniis Fs 8 5cr unii
Oci 6 issucd 200 uniis
Oci 8 Fcccivcd 250 uniis Fs 8.5 5cr unii
CcL 13 lssued 300 unlLs
CcL 19 8ecelved 400 unlLs [ 8s 9 per unlL
CcL 23 lssued 320 unlLs
CcL 30 8ecelved 300 unlLs [ 8s 88 per unlL
3) @e followlng LransacLlons Look place ln respecL of an lLem of maLerlal








repare welgLed average meLod?
6) ueflne accounLlng sysLem and explaln lLs accounLlng sysLems?
7) lrom Le followlng lnformaLlon prepare llnal AccounLs
Debit baIance Rs Credit baIances Rs
STOCK 45000 CAPTAL 75000
PLANT & MACHNERY 75000 SALES 420750
PURCHASES 225000 CREDTORS 15000
TRADE CHARGES 10000
BAD DEBTS
PROVSONS 200
CARRGE NWARDS 2500 BLLS PAYABLE 2000
CARRGE OUTWARDS 1500
FACTORY RENT 1500
DSCOUNT 350
NSURANCE 700
DEBTORS 60000
OFFCE RENT 3000
PRNTNG &
STATONARY 600
TRAVELLER SALARY 2800
Date
Receipts
Quantity
Issue
Quantity Rate
01/01/2011 400 - 2.2
08/01/2011 500 - 2.4
12/01/2011 - 300 -
15/01/2011 - 200 -
20/01/2011 600 - 2.8
27/01/2011 - 400 -
ADVERTSNG 15000
BLLS RECEVABLE 6000
DRAWNGS 6000
SALARES 15000
WAGES 20000
FURNTURE 7500
CASH N HAND 3000
CASH AT BANK 12500
%% 512950 %% 512950

Ad[usLmenLs
1) Closlng sLock 8s 33000
2) uepreclaLlon on Maclnery [ 10 and lurnlLure [ 3
3) repald lnsurance 8s 100
4) CuLsLandlng facLory renL 8s 300 and Cfflce 8enL 8s 600
3) 8alse Le bad debLs for provlslon 3 on debLors
8) LvaluaLe AccounLlng caracLerlsLlcs and lLs ob[ecLlves?