SHRI V.K.

PANDE COLLEGE OF SCIENCE AND MANAGEMENT HINGANGHAT

SESSIONAL EXAMINATION -2009
BACHLELOR OF COMMERCE WITH COMPUTER APPLICATION-I
SUBJECT :- FINANCIAL ACCOUNTING-4
TIME:- THREE HOURS MARKS:-100
N.B 1:- All questions are compulsory and carry equal marks
EITHER: (20)
1. a) Name the fundametal conepts and principles of accounting and explain
in some detail, the entity concept.
business
OR
b) Journalise the following transactions in the bolks of Raja:-
2006 Decembler
1 Received Rs. 10000 form father-in-law as gift and deposited the same into the A/
2 took loan form Mrs.Shalini 5000
3 Paid rent to landlord in advance. 75
4 Received rent form sub-tenants 100
5 Paid form postal stamps. 10
6 Commissions due from gupta . 40
7 Sent money order to radhika Rs.80 Money order commission paid 2
8 Paid for mantri club bill 600
12 Sold private scooter and invested in business 2000
15 bought equity shares of bharat fertilizers 900
17 invested in national small saving certificates 100
19 Paid Rs.200 fo rcarriage on machinary
19 Cash sales 25000
19 income tax paid 2100
c) M/s a.A,B co. Ltd. Of Nagpur consigned to Mr. Bajaj of Bombay 1000 bags of toba
Rs.250 per bag. They were received at 20% above cost price. M/s A,B & Co. Ltd
paid Rs.1500 for insurance Rs. 3500 for carriage and Rs. 5000 for sundry expens
On receiving the consignment Mr. Bajaj of bombay accepted a bil for half the am
price. M/s A,B, & Co.Ltd. Of nagpur discounted the same bill for 147500 and dis
Charged to consignment account.
Mr. Bajaj of bombay sent an account sales which showed as:
1. Cash sales of 600 bags of tobacco at Rs.350 each.
2. Credit sales of 300 bags of tobacco at Rs 400 each
3. Mr. bajaj of bombay took 50 bags of tobacco for his own use at Rs.3210 per b
4. Expenses paid by Mr. Bajaj of bombay were:
for godown rent Rs.3000/- and selling expesnes of Rs.5000/-
5.Mr.Bajaj of bombay remitted the balance due by a draft after duducting his ex
and commisson at 10% on sales and Del credere commission at 2% on credit s
bags of tobacco only.
Show consignement accunt in the books of M/s A,B,& Co. Ltd. Nagpur and in th
of Bajaj and Co. M/s A.B & Co. Ltd. Nagpur Account.
EITHER: (5*4)
2. a) A Machinery was purchsed for Rs. 100000 o 1st January,2000. It has been deci
for its annual depreciation fund system. A reference to the depreciation fund ta
Rs.0.1810 per annum amounts to Rs. 1 in five yerar at 5%. At the end of the thi
had to be scrped at Rs. 20000. investments sold out on that date for Rs.25000.
a new manchinery was purchased for Rs.67000. investmentrs were in multiples
Show machinery account. Deprieciation Fund accont. Depreciation Fund invest
for the years 2000,2001 and 2002.
b) A machine is purchases for Rs.20000. At the end of four years it has to be replc
 purpose an insurance policy is taken out the annual premium being Rs. 2200. A
fourth year a new machine costing Rs.31000 is installed. The old machine is wri

EITHER: (5*4)
3. Write short answers to the following
a) Explain the characterisitcs of partnershiip
b) State the consequences of conflict in management
c) Indicate the importance of training-
d) Write external sources of recruitment.
OR
e) Point out social objects of business.
f) State the various t ypes of changes in management-
g) Write a note on decision making process.
h) What are methods of training, Explain on job training.
EITHER:
4 . Write short answers to the following (5*4)
a) Write the advantages of centralisation of authoirty
b)Narrate the disadvantages of oral communiation
c) Hinglight on the significance of morale
d) What is mean by highergi ' Explain funation of top level management-
OR
e) "Good communication is the foundation for sound management" Discuss.
f) Write the technique of direction?
g) Explain the vestibule training (of the job training)
h) Write the McGregor's Theory "X" ad Theory "Y" of motivation

write the short answers:-

a) indicate the advantages of cooperative society
b) Explain the selection process of employee
c) Explain the function of managemet?
d) explain the difference between recruitment and selection.