code no. 22011 vikrama simhapuri university, nellore year b com.pdf · code no. 22011 vikrama...

Code No. 22011 VIKRAMA SIMHAPURI UNIVERSITY, NELLORE

Second B.Com. ADVANCED ACCOUNTING

Syllabus from the academic year 2011-12 Paper : 201 p.p.w : (5 + 1=6 Hours) Max. Marks: 70+ 30 Objectives:

1. To appraise the students about the application of accounting knowledge in special business activities

2. To impart the skills of preparation of final accounts of non-trading concerns, partnership, organizations

3. To develop the skills of recording of transactions relating to issue of shares and debentures, manually and using computers.

UNIT – I: Royalty Accounts - Hire purchase and installment purchase system.

Royalty : Explanation of terms – Royalties – Shortworkings – Accounting treatment in

the books of Lessor and Lessee.

Hire Purchase System - Features – Accounting Treatment in the Books of Hire Purchaser

and Hire Vendor - Default and Repossession - Installment Purchase System - Difference

between Hire purchase and Installment purchase systems -Accounting Treatment in the

books of Purchaser and Vendor.

UNIT-II : Branch accounts and Insolvency accounts.

Branch Accounts : Features of dependent branches – Accounting treatment – Debtors

method – Stock and debtors method (excluding independent branches & foreign braches).

Insolvency accounts : Meaning of insolvency – Types of creditors – Preparation of

statement of affairs – Preparation of deficiency account.

UNIT-III : Single Entry and accounts of Non-trading concerns. Single Entry : Features – Books and accounts maintained – Recording of transactions – Ascertainment of profit – (Statement of Affairs method only). Non Trading Concerns : Features of non trading concerns – Accounting treatments – Income and Expenditure account – Preparation of Balance Sheet.

UNIT - IV : Partnership Accounts: Legal provisions in the absence of Partnership Deed - Fixed and Fluctuating Capitals – Accounting Treatment of Goodwill and Admission of a partner - Accounting treatment of Retirement and Death of a Partner.

Dissolution of Firm (Excluding Sale to Firm, Company and Amalgamation) – Recording of partnership transaction – Accounting treatment of dissolution of partnership firm – Insolvency of a partner – Garner Vs Murray case. UNIT-V : Company Accounts: Types of share capital – Issue of Shares at par, Premium and at Discount - Forfeiture and Reissue of Shares – Accounting treatment.

Issue and Redemption of Debentures – sinking fund method – Recording of transaction relating to issue and redemption of debentures. (Simple Problems) Prescribed Text Book: Advanced Accounting - S.P. Jain & K.L. Narang – Kalyani Publishers. Suggested Readings:

1. Principles and Practice of Accounting R.L. Gupta & V.K. Gupta Sulthan Chand &sons 2. Accountancy – I Tulasian TaTa Mcgraw Hill Co 3. Accountancy - I S.P. Jain & K.L Narang Kalyani Publishers 4. Financial Accounting – Dr.V.K.Goyal Excel Books

(22011)

THREE YEAR B.COM. DEGREE EXAMINATION

SECOND YEAR DEGREE EXAMINATION

PAPER II – ADVANCED ACCOUNTING MODEL QUESTION PAPER

Time: 3hrs Max.

Marks :70

SECTION – A

Answer any FIVE questions. Each question carries 2 marks 5 x 2

= 10

1. (a) Define royalty.

(b) What is interest suspense account?

(c) What do you understand by goods in transit?

(d) Differentiate deficiency and surplus.

(e) Define revenue expenditure.

(f) Narrate the defects in single-entry system.

(g) Explain the necessity of partner’s current accounts.

(h) Explain the methods of valuation of goodwill.

(i) Give main divisions of share capital of a company.

(j) Define sinking fund.

SECTION – B

Answer any FIVE questions, choosing ONE from each Unit.

Each question carries 1 2 marks. 5 x 12 = 60

UNIT - I

2. Harini Coal Co. Ltd., leased a colliery on 1st January, 2007 at a minimum rent of Rs.10,000.

The royalty was paid at the rate of Rs.1.50 per ton produced. The short-workings are

recouped over a period of first three years of the lease. The output for the first four years,

viz., 2007, 2008, 2009 and 2010 was 4,500 tons, 6,000 tons, 8,000 tons and 10,000 tons

respectively. Show minimum rent account, Royalty account, Landlord account and Short-

working account.

(Or)

3. On Jan. 1, 2007, Ananta Transport Company purchased Motor van from Viswam Motor

Builders on hire purchase system. The cash price was Rs.37,250 and payments were made

as follows. Rs.10,000 on signing the agreement and the balance in three annual instalments

of Rs.10,000 each. Change depreciation at the rate of 10 percent per annum on diminishing

balance method on Motor van. Prepare Motor van account, Viswam Motor Builders account

and interest account in the books of Ananta Transport Company.

UNIT - II

4. Chandrabose Trading Co. of Tirupati had its branch at Chennai. The following details are

extracted from its branch as on 31st December, 2009. The Head Office is sending goods

marked at 20 percent above cost to its branch at Chennai :

Rs.

Stock at Chennai (1-4-08) 1,800

Debtors at Chennai (1-4-08) 3,000

Petty cash at Chennai (1-4-08) 20

Goods sent to branch 30,000

Remittances from the branch:

Cash sales 6,000

Cash received from debtors 21,000 27,000

Cheques sent to branch :

Salary 900

Rent and taxes 150

Petty cash 110 1,160

Stock at branch (31-3-09) 3,000

Debtors at branch (31-3-09) 4,800

Petty cash at branch (31-3-09) 30

Prepare Chennai Branch account to identify its net profit and pass necessary entries to adjust

the value of stock.

(Or)

5. The assets and liabilities of Mr. Seshagiri as on 31st December, 2009 was Rs.56,000 and

Rs.44,000 respectively. He filed his petition in the insolvency court and estimated his

deficiency to be Rs.30,000. Later he found that the following items were not recorded in his

books :

(a) Interest at 6 percent on his capital from 1st January, 2009.

(b) A contingent liability of Rs.2,500 on bills discounted by him for Rs.10,000.

(c) Amount due on wages, Rs.300; on salaries Rs.700; on rent Rs.300 and as rates and taxes

Rs.200.

(d) A loan of Rs.2,000 taken from a friend for the marriage of his daughter.

Prepare his statement of affairs and deficiency account.

UNIT - III

6. The Receipts and Payments Account of Anantapur District Sports Club, for the year ending

31st December, 2009 was as follows :

Receipts Rs. Payments Rs.

To Balance b/d 1,500 By Salaries 12,000

To Subscriptions 21,000 By Office expenses 3,500

To Tournament fund 2,000 By Printing & stationery 2,500

To Donations for construction

of buildings 15,000 By insurance 500

To Legacies 5,000 By Advertisement 2,000

To Sale of magazines 500 By Investments 11,000

To Sale of furniture

(Cost Rs.200) 300 By Tournament expenses 1,500

To Other receipts 1,700 By Wages 8,000

By Other expenses 1,000

By balance c/d 5,000

47,000 47,000

Additional Information :

(a) Subscriptions received in advance for 2010, Rs.500.

(b) Subscriptions outstanding for 2008 – Rs.1000 and for 2009 – Rs.1,500.

(c) Capitalise half of the legacies.

(d) Outstanding expenses : Salaries – Rs.2,500

(e) Prepaid insurance – Rs.200.

(f) Office expenses include Rs.300 for the last year and Rs.200 for this current year.

Prepare Income and Expenditure account and Balance Sheet as on 31st December, 2009.

(Or)

7. Mr. Gambheer, a trader keeps his accounts under single-entry system. The following details

are extracted from his books :

31/12/2008 31/12/2009

Particulars Rs. Rs.

Stock in trade 12,700 10,000

Creditors 6,000 8,100

Debtors 6,700 6,300

Cash in Hand 250 300

Bank Overdraft 7,500 4,800

Bills Receivable 3,000 1,600

Furniture 2,200 2,200

Motor Van 6,000 6,000

Plant 15,000 15,000

Additional Information:

(a) The personal drawing Rs.450 per month.

(b) Additional capital introduced Rs.3,000 on 1-7-2009.

(c) Charge interest on capital at 5 per annum and on drawings Rs.500 per annum.

(d) Depreciate : Furniture 10% p.a ; Plant 20% p.a. ; Motor Van 25% p.a.

(e) Create Rs.500 as bad debt and 5 percent on doubtful.

Prepare a statement showing the trading and net profit for the year ending 31-12-2009

and the statement of affairs as on that date.

UNIT - IV

8. Sreeram and Jayaram are equal partners in a firm. The Balance Sheet of the firm as on 31st

December, 2009 was as follows:

Liabilities Rs. Assets Rs.

Creditors 1,000 Cash in hand 600

Bills Payable 1,000 Debtors 1,500

Reserve Fund 400 Stock 1,400

Sreeram Capital a/c 1,500 Furniture 400

Jayaram Capital a/c 1,000 Machinery 1,000

4,900 4,900

They have decided to admit Hareram as a new partner on 1st January, 2010, with one-third

share in future profits, subject to the following conditions :

(a) Create 5 percent for Reserve for bad and doubtful debts.

(b) Charge depreciation: Furniture @ 5 percent p.a. ; Machinery @ 10 percent p.a.

(c) Investments Rs.400 not mentioned in the above Balance Sheet.

(d) Hareram has to bring Rs.1,000 for capital and create goodwill for Rs.1,000.

Prepare Revaluation account, Partners capital accounts and Balance Sheet after admission of

Hareram as on 1st January, 2010.

(Or)

9. The following was the Balance Sheet as on 31st July, 2006 of the firm of Arun and Aditya

who were sharing profits and losses in the ratio of 3:2:

Liabilities Rs. Assets Rs.

Creditors 97,500 Land & Building 30,000

Capitals: Motor Vehicles 18,300

Arun 77,500 Stock 72,800

Aditya 58,000 Debtors 90,750

General Reserve 12,500 Cash 33,650

2,45,500 2,45,500

The partners deceided to dissolve the firm on and from the date of Balance Sheet. Motor

Vehicles and stocks were sold for each at Rs.16,950 and Rs.77,600 respectively. All debtors

accounts were realised in full. Aditya took over the Land and Buildings at an agreed

valuation of Rs.43,500. Creditors were paid off subject to a discount of Rs.1,700. Expenses

of realisation were Rs.1,250.

Prepare and close the Realisation Account, Cash Account and Capital Accounts of

partners.

UNIT - V

10. Gowri Priya Co. Ltd., Registered with 60,000 equity shares of Rs.20 per share. Company

offered : 50,000 equity shares to the general public, at a premium of 10 percent. The public

subscribed for 45,000 shares only. The amount payable on calls are as under :

On Application Rs.4 per share

On allotment Rs.8 per share (including premium)

On 1st call (final) Rs.10 per share

The company made calls on all shares, money was received in full except on 250 equity

shares on allotment and 1st call. The company forfeited these shares by giving proper notice.

Further, the company re-issued these forfeited equity shares at Rs.15 per share. You are

required to pass necessary journal entries and prepare Balance Sheet with suitable item

recorded.

(Or)

11. Aparna Co. Ltd. offered 4,000 6% debentures of Rs.100 each. Pass necessary journal entries

in the following cases :

(a) Issued at par and redeemable at par.

(b) Issued at 5 percent premium and redeemable at par.

(c) Issued at 10 percent discount redeemable at par.

(d) Issued at par and redeemable at 10 percent premium.

(e) Issued at 5 percent discount and redeemable at 5 percent premium.


BUSINESS STATISTICS Second B.Com

Syllabus from the academic year 2011-12

P.P.W: 5(4+1) Max.Marks: 100 (70+30)

The objective of this paper is to impart knowledge on the application of statistical tools and techniques in business decision-making & use of MS-Excel in interpretation of statistical data.

UNIT 1 : Introduction of Statistics Meaning, definition, importance and limitations of statistics. Collection of data – Primary and Secondary data – (Sampling – Random-Non Random-Census) – Schedule and questionnaire – Frequency distribution – Tabulation – Diagrammatic and graphic presentation of data using Computers (Excel)

UNIT 2: Measures of Central Tendency.

Definition Objectives and Characteristics of measures of Central Tendency – Types of Averages – Arithmetic Mean, Geometric Mean, Harmonic Mean, Median, Mode, Deciles, Percentiles, Properties of averages and their applications. Calculation of averages using computers.

UNIT 3 : Measures of dispersion and Skewness and Correlations :

Meaning, definitions, Properties of dispersion-Range-Quartile Deviation – Mean Deviation-Standard Deviation – Coefficient of Variation-Skewness definition-Karl Pearson’s and Bowley’s Measures of skewness-Normal Distribution Calculation of Dispersion and skewness using Computers. Measures of Relation : Meaning, definition and use of correlation – Types of correlation-Karlpearson’s correlation coefficient – Spearman’s Rank correlation-probable error-Calculation of Correlation by Using Computers.

UNIT 4: Analysis of Time Series: Meaning and utility of time series Analysis – Components of Time series – Measurement of trend and Seasonal Variations – Utility of Decomposition of Time Series – Calculation of trend and seasonal variations using computers. UNIT 5 : Index Numbers: Meaning, Definition and Importance of Index Numbers – Methods of Construction of Index Numbers – Price Index Numbers – Quantity Index Numbers – Tests of Adequacy of Index Numbers – Deflating Index Numbers – Cost of Index Numbers – Limitation of Index Numbers. Calculation of index numbers using computers.

Code No. 22021

Suggested Readings :

1. Business Statistics Reddy, C.R. Deep Publications, New Delhi. 2. Statistics – Problems and Solutions Kapoor V.K. 3. Fundamentals of Statistics Elhance. D.N. 4. Statistical Methods Gupta S.P 5. Statistics Gupta B.N. 6. Fundamentals of Statistics Gupta S.C 7. Statistics – Teory, Methods and Applications. Sancheti, D.C. & Kapoor V.K. 8. Practical Business Statistics Croxton & Crowdorv. 9. Statistics and their applications to Commerce Borddigtion. 10. Statistics Concepts & Applications Nabendu Pal & Sahadeb Sarkar 11. Business Statistics, An Applied Orientation P.K. Viswanathan 12. Business Statistics J.K. Sharma. 13. Business Statistics Bharat Jhunjhunwala 14. Business Statistics R.S. Bharadwaj

BUSINESS STATISTICS

( Common for B.Com–General & B.Com - Computers Applications. )

II B.Com

Paper : 202 Practical Model Paper – 2010 April Max. Marks : 30

Practical written Examination:10 Marks; Practical Record:10 Marks;Viva-voce:10 Marks (Total: 30 Marks)

Practical written Examination (Or) Practical Record Questions 1. Prepare frequency distribution table 2. Prepare a tabulation 3. Prepare a percentage bar diagram and pie diagram 4. Calculate Median by Graphic Method 5. Calculate Mode by Graphic Method 6. Calculate Mean, Median, Mode Quartails, Deciles and Percentage 7. Calculate Mean deviation from Mean 8. Problem on Correlation 9. Prepare fixed base and chain base index numbers 10.Conversion of fixed to chain base and chain base to fixed base?

Viva-voce 1. Define Statistics 2. Primary and Secondary Data 3. Different types of averages 4. Different types of disperson 5. Coefficient of variation 6. Symetrical and asymetrical distribution 7. Probable Error 8. Components of Time Series 9. Price Index Numbers 10. Quantity Index Numbers 11. Consumer Price Index Numbers


Second B.Com. (General) FINANCIAL SERVICES – BANKING & INSURANCE Syllabus from the academic year 2011-12

Paper:203 Max.Marks: 70+30

Objective: To impart knowledge on Banking and Insurance concepts and to gain An insight on Financial Services.

UNIT I : Introduction to Financial Services

a. Meaning of Financial Services, Structure of Indian Financial System Importance of Financial system for the economic development. (Financial and Banking system charts)

b. Financial intermediaries and services : Merchant bankers, Mutual funds, Leasing companies, Venture Capital Funds, Forfeiting, Loan Syndication, Factoring, Custodial Services, Depository Services, and Depository Participants. (Documentation).

c. Definition of Bank, Functions of Commercial Banks and Reserve Bank of India. (Forms of various accounts and deposits)

UNIT II : Banking systems and its Regulation

a. Banking systems – Branch banking, Unit Banking, Correspondent banking, Group banking, Deposit banking, Mixed banking and Investment banking – Innovations in Banking – ATMs, E-Banking, Credit cards, Online & Offshore Banking, etc (working and operations) Regional Rural Banks, Cooperative banks, Micro Finance, Priority Sector Lending, Indigenous banking, Role of NABARD.

UNIT III : Banker and customer, loans and advances :

a. banker and customer definition and their relationship, types of customers and model of operations, procedure and precaution for opening an account, pass book & its features, Rights, duties and obligations of the banker. (Application forms for opening accounts, Cheque Books, Pass Books, requisition shlips for withdrawals and deposits, bank statements, etc)

b. Promissory Note and Bills of Exchange and Cheque, differences between them, types of crossing the cheque, payment of cheque and consequences of wrongful dishonor, collection of local and upcountry cheques, responsibilities and liabilities of collecting banker and statutory protection to the collecting banker (Promissory note, B/E. Crossed Cheques – various modes)

c. Types of loans and advances, principles of sound lending policies, credit appraisals of various forms of loans and advances – (Documents required for sanction of loans and advances).

UNIT IV. Financial Markets & Services:

b. Indian Money Market – Characteristics, Structure, Composition (call and notice money, market, treasury bills market, CDs, CPs, short term bill market, MMMRs and DFHI) problems and reforms in Indian money markets (CDs, CPs, Treasury Bills)

c. Indian capital market – composition and growth of primary and secondary markets, differences between primary and secondary markets, Stock Exchanges, NSE, OTCEI, Online Trading and role of SEBI.

Code No. 22031 UNIT V: Types of Insurance and its regulation a. Definition / Meaning of Insurance and reinsurance, Principles of Insurance, kinds of

Insurance, advantages of insurance, globalization of insurance. b. Life Insurance – Practical aspects of Life Insurance, procedure for issuing a life insurance

policy, issue of duplicate policies, nomination, surrender value, policy loans, assignment, revivals and claim settlement. (Formats of types of Insurance).

c. Non Life Insurance – Types of products and scope of Fire Insurance, Marine Insurance, Health Insurance, Social Insurance and Rural Insurance. Regulation of Insurance in India – Insurance Act, 1938 and IRDA 1999. (Formats of types of Non Life Insurance).

Books Recommended : 1. Maheshwari and Paul R.R Banking theory law and practice 2. Sundaram and Varsheney Banking theory law and practice 3. Tannans Banking Law and practice in India 4. Aryasri Banking and Financial system 5. M.Y. Khan Indian Financial System 6. P.K. Gupta Insurance and risk management 7. Vijaya Raghavan Iyengar Introduction to Banking 8. Guruswamy : Banking Theory Law and Practice, Tata 9. Aryasri & Murty : Banking and Financial Systems, Tata 10. Guruswamy : Merchant Banking and Financial Services, Tata 11. Murthy and Venugpoal : Indian Financial System, IK International 12. Paul Suresh : Management of Banking and Financial Services, Pearson

Financial Services - Banking & Insurance

II B.Com Paper : 203 Practical Model Paper – 2010 April Max. Marks : 30 Practical written Examination:10 Marks; Practical Record:10 Marks;Viva-voce:10 Marks (Total: 30 Marks)

Practical written Examination (Or) Practical Record Questions 1) Functions of a Commercial Bank 2) Functions of RBI 3) Role of NABARD in Financing Primary Sector 4) Role of a Coopeartive Bank 5) Rights, Duties, Obligations of a Banker 6) Cheque, Types of Crossing a cheque 7) Structure, Composition of Indian Money Market 8) Mutual funds 9) Procedure for issuing life insurance policy 10) Fire Insurance and Marine Insurance

Viva-voce 1) RBI 13) Cheques 2) Insurance-Reinsurance 14) Types of loans and advances 3) Advantages of Insurance 15) Treasury Bill Market 4) Correspondent Bank 16) CDs & CPs, MMMFs 5) Mixed Bank 17) Primary and Secondary Market 6) Credit Cards 18) NSE, OTCEI 7) E-Bank 19) Venture Capital Funds 8) Off-shore Bank 20) Factoring-Forfeiting 9) NABARD 21) Surrender Value 10) Cooperative Banks 22) Health and social insurance 11) Promissory Note 23) IRDA 12) Bills of Exchange


Second B.Com., TAXATION

Syllabus from the academic year 2011-12 Paper : 204 Periods per week : 4 Max. Marks : 70 + 30

Objective: To equip the students with the working knowledge of both direct and

indirect taxes.

UNIT I : INTRODUCTION Taxes – Meaning – Direct and Indirect Taxes - Union List - Tax Rates – Blanket Rate Method – Slab Rate Method – Surcharge – Cess – Progressive v/s Regressive Taxes – An Overview of Taxation System in India. Income Tax Act 1961- Important Definitions – Income – Person – Assessee – Assessment year – Previous year - Residential Status – Incidence of Tax – Agricultural Income – Exemption UNIT II : INCOME FROM SALARIES – INCOME FROM HOUSE PROPERTY Computation of income under the head ‘Salaries’ - Different Types of Rental Values – Determination of Annual Value of let out House Property - Self occupied Houses – Adjustments out of Annual Rental Value for Let out House Property – Deductions u/s 24 UNIT III : PROFITS AND GAINS OF BUSINESS AND PROFESSION, CAPITAL GAINS, INCOME FROM OTHER SOURCE Calculation of Income from Business – Calculation of Professional Income of Doctor, Lawyer – Accountant - Gain or Loss on Transfer of capital assets – Types of Capital Assets – Short Term Capital Asset – Long Term Capital Asset – Indexing of Cost of Long Term Capital Asset - Income from other Sources – Assessment of total income of individual – Computation of tax – income – preparation of returns of income – self-assessment – set-off and carry forward of losses, Computation of taxable income – Deductions Given Out of Gross Total Income U/S 80. UNIT – IV: WEALTH TAX Wealth Tax Act 1957 – Charge of Wealth Tax – Valuation Date – Location of Assets -Assets – Meaning – Deemed Assets – Exempted Assets – Net Wealth – Computation of Net Wealth – Valuation of Assets - Return of Wealth and Procedure of Assessment – Time Limit for Completion of Assessment. (Including Problems) Lab Work: Computation of Tax liability. UNIT – V: SALES TAX & AP VAT Central Sales Tax –: Definitions - Dealer, Declared Goods, Place of Business, Sale, Sale Price, Turnover – Inter State Trade or Commerce – Computation of Taxable Turnover - Assessment and Returns under CST Act (Including Problems) APVAT Act, 2005 – Statement of Objectives and Reasons – Definitions: Business Casual Trader, Dealer, Input Tax, Output Tax, Place of Business, Tax Invoice, Total Turnover, Turnover Tax. – Computation of Taxable Turnover – Registration Procedure (Including Problems) References:

Direct taxes law & practice – Vinod K Singhania, Kapil Singhania, Taxmann’s Direct taxes law & practice – Girish Ahuja, Dr. Ravi Gupta, Bharat’s Direct taxes law & practice – BB Lal – Pearson’s Indirect taxes law & practice – V.S. Datey, Taxmann’s Indirect taxes – V. Nagaragan, Asia Law house Central Exercise Mannual – Law & procedure – P. Verra Reddy, Asia Law house Andhra Pradesh VAT Act & Rules – N K Acharya , Asia Law house Elements of Income Tax – Dr. P.V. Ramana Rao, Dr. A. Sudhakar, Dr. S. Krishnaiah Goud,

National Publishing House Income Tax Law & Practice – Gaur & Narang, Kalyani Publishers Income Tax – Tata Mcgraw Hill Income Tax Law and Practice-N.Hariharan, Tata Income Tax and Central Sales Tax: Lal Vashist, Pearson Direct Taxes: Lal Vashist, Pearson

(P.T.O)

(22051) THREE YEAR B.COM. DEGREE EXAMINATION

SECOND YEAR DEGREE EXAMINATION TAXATION

MODEL QUESTION PAPER Time: 3hrs Max. Marks :70

SECTION – A Answer any FIVE questions. Each question carries 2 marks 5 x 2 = 10

1. a) Explain different types of taxes.

b) Define person. c) What is entertainment allowance? d) What is municipal rent? e) What is the profit of business? f) What is meant by capital gains? g) What is net wealth? h) Deemed assets. i) Define turnover. j) VAT.

SECTION – B Answer any FIVE questions, choosing ONE from Unit. Each question carries 1 2 marks. 5 x 12 = 60

UNIT – I 2. Define agriculture income and explain its exemptions. 3. Calculate the taxable income of Apsara, if she is

a) Resident b) Non – Resident and c) Not ordinarily resident from the following information for the assessment year 2013-

14: i) Salary received in India for 10 months Rs.4,20,000. ii) Income form house property, from Pakistan Rs.80,000. iii) Interest on Investment Rs.20,000. iv) Income from Burma business, controlled from India Rs.1,50,000. v) Income earned in India, but received in England Rs.1,30,000. vi) Income from house property in India Rs.1,80,000. vii) Agricultural income from Srilanka Rs.3,00,000.

UNIT – II 4. Sri Gopikrishna, is a central government employee. The income particulars for the

assessment year 2013-14 was given below: a) Basic wages Rs.40,000 per month. b) Dearness allowance 8%. c) House rent allowance 25 percent. d) City allowance Rs.1,000 per month. e) Entertainment allowance Rs.3,000 per month. f) Income from other sources Rs.32,000. g) Contribution to provident fund 10% of his basic. h) Life Insurance premium Rs.20,000 on Rs.10 lakh policy. i) Professional tax paid Rs.300 per month. j) Investment in exempted bank account Rs.25,000. You are required to prepare a statement showing the taxable income of Gopikrishna for the assessment year 2013-14.

5. Sri Dharma Rao owns a house at Bombay, a part was let out, for Rs.2,500 per month. The other details are: Municipal Taxes paid Rs.2,400; Fair rent value Rs.26,000; Municipal valuation Rs.24,000; Land rent paid Rs.3,000; Insurance premium paid Rs.800; Interest on loan for purchase of house Rs.18,000; House was vacant for two months. Calculate income from house property.

UNIT – III 6. The income and expenditure account of Sastry, a chartered accountant for the financial

year ending 31.3.2010 was as follows:

Particulars Rs. Particulars Rs.

Office Rent 96,000 Audit fee 4,05,000

Telephone bill 35,000 Financial consultant fee 2,78,000

Office Salaries 2,10,500 Maintenance of trade books 7,06,000

Remuneration to trainees 42,300 Gifts from customers 2,500

Income tax 68,000 Interest on bank deposits 41,000

Books purchased 4,000 Dividend on shares 65,000

House hold expenses 1,05,800 Profit on sales of shares 25,000

Motor car expenses 67,200

Electricity bills 11,500

Membership fee in CA institute 5,000

Book purchase (annual publication) 9,000 Depreciation on motor car 18,500

Net Income 8,49,700

15,22,500 15,22,500 Compute the professional income of Sri Sastry for the current assessment year. 7. X sells agricultural land situated in an urban area for Rs.10,31,000 (brokerage paid 2

percent) on March 31, 2013 (Cost of acquisition 90,000 on March 1, 1987 : It was used for agricultural purposes since 1990). On March 31, 2013, he owns one residential house property. On April 6, 2013, he purchases the following assets: a) Agricultural land : Rs.1,50,000; and b) A residential house property : Rs.50,000 Findout the capital gains chargeable to tax for the assessment year 2013-14. C.I.I for 2012-13 is 852 and for 1986-87 was 140.

UNIT – IV 8. What are the assets that are chargable to wealth tax? 9. Calculate the net wealth of Smt. Aswini for the current assessment year for the following

details and ascertain the tax liability: a) Household furniture Rs.6 lakhs. b) Goods in transit, not yet reached India, Rs.3.5 lakhs. c) Animals Rs.3 lakhs. d) Silver ornaments, Rs.3.80 lakhs. e) Bank deposits in Union Bank of India Rs.18 lakhs. f) Commercial complex Rs.50 lakhs. g) Two motor cars Rs.4 lakhs each. h) A farm house at Guntur Rs.20 lakhs. i) Cash in hand Rs.82,800.

UNIT – V 10. The following particulars are submitted by a trader carrying a business in Kolkatta. Total

turnover for the assessment year Rs.28,50,000 which includes the following purchases have issued ‘C’ from a vat rate is 2%.

Excise duty Rs.1,05,000 Freight, Insurance shows separately Rs.80,000 Installation charges Rs.75,000 Cash discount allowed Rs.34,000 Goods returned within six months Rs.18,250

Calculate Central Sales Tax and Net Sales. 11. Explain the basic objectives of AP VAT ACT 2005.


Second B.Com., (Computer Applications) PAPER II OBJECT ORIENTED PROGRAMMING IN VISUAL BASIC

Syllabus from the academic year 2011-12 LECTURE PERIODS/ WEEK : 4

UNIVERSITY EXAM : 3 hrs UNIVERSITY EXAM MARKS : 70 ---------------------------------------------------------------------------------------------------------------------------------

UNIT - I OBJECT ORIENTED PROGRAMMING : Introduction to OOPS – Basic Concepts – Objects and Classes – Concepts O Inheritance, Encapsulation and Polymorphism (Two questions to be set)

UNIT - II FUNDAMENTALS OF VISUAL BASIC: What is VB? – Features of VB – VB Editions – Controls – Properties – Events – Methods.

CREATING AN APPLICATION: Objectives – Tools for Building An Application – The tool box – Project Explorer – the Properties Window – Customising the toolbar – Text Box Control – Different Boxes – Command Button – Check Box – The drive, Director and File List Controls – The Line and shape Controls – The Image Control OLE – Menu Bar – Context Menus – Tool Bars – Tool Box – Project Explorer Window – Properties Window – Object Browser – Form Designer – Code Editor Window – Form Layout Window – Immediate, Locals and watch Windows.

2nd LOOK OUT AT IDE, FORMS AND CONTROLS:

Setting Form Properties – Working with Properties Window – Name – Caption – Picture – The Control Box – Min Button and Max Button – Movable – Border Style - Font Properties – Form Methods – Move Graphic Methods – Show Method – Different Events – Working with a Control – Opening the Code Window.

UNIT III VARIABLES IN VB: Declaring Varibles – Data Types – Scope – Module Level – Constants – Conversion

- Arrays. WRITING CODE IN VB: The Code Window – Subroutine – Various control structures in VB –

Performing Loops in VB. WORKING WITH FILES: The Drive list Box Control – The Dir List Box Control – The File List Box – Types of Files – Working with

Files – Sequential File and Random Files – Binary Files.

UNIT IV MENUS: Building the User Interface – Consistency – Fronts – Usuability – Usability – Menu Convention – Tool Bar Convention. MULTIPLE DOCUMENT INTERFACE APPLICATIONS Features of MDI – Active Form Property – Unloading MDI Forms with Query Unload. DEBUGGING TIPS: Types of Bugs – The Debugging Methods – Error Handling . THE COMMON DIALOGUE CONTROL: The File Open Dialogue Box – Rich Text Box Control.

UNIT V

ACTIVE X: Introduction to Active X – The OLE 2. The Next Step – OLE Automation. AN INVOICE PROGRAM: An Invoicing Application. DEVELOPING AN APPLICATION: General Steps involved in any Applications Development Life Cycle

– Data Flow Diagrams – Input Requirements – Output Requirements – Developing the Output Format – Creating Tables and Fields – Designing User Interface – Need for MDI Form – Developing the Customer Master Form.

NOTE: QUESTIONS ON WRITING THE ENTIRE PROGRAM CODE IN VB FOR ANY PROBLEM TO BE AVOIDED.

REFE Code No. 22041 RENCE BOOKS : 1. 'VISUAL BASIC 6.0N PROGRAMMING' – Content Development Group - Tata McGraw-Hill Publishing Company Limited – 2002 – New Delhi. 2. INTRODUCTION TO OOP AND VB' - V.K.JAIN – Vikas Publishing House – New Delhi. 3. ' VISUAL BASIC 6' – PAUL SHERIEF – PRENTICE HALL OF INDIA Pvt Ltd – New Delhi. 4. 'TEACH YOURSELF VISUAL BASIC 6' – SCOTT WARNER – Tata McGraw – Hill Publishing Company Ltd. – New Delhi. 5. 'USING VISUAL BASIC 6' – Brain Siler and Jeff Spotts – Pentice Hall of India Limited – New Delhi Eleventh Edition (2002). Delhi PRACTICAL – II VISUAL BASIC AND FINANCIAL ACCOUNTENCY PACKAGES II YEAR COMPUTER APPLICATION SCHEME ( TO BE OFFERED FOR THE II B.COM AND II B.A COURSES) (WITH EFFECT FROM THE ACADEMIC YEAR 2003 – 2004) Practicals Week : 3 periods University Exam 3 Hrs Each student is expected to do at least 10 programs in the VISUAL BASIC PART and at least 5 programs in using an appropriate FINANCIAL ACCOUNTENCY PACKAGE (making a total of 15) and document them in his/her record (suggested list of sample programs is given below). In the University Practical Examination each student has to do one practical either in VISUAL BASIC or in FINANCIAL ACCOUNTENCY using an appropriate package. SUGGESTED LIST OF PROGRAMS IN VB: Write a VB program for generating Mathematical Tables. 1. Develop a code in VB for sorting a set of records by using Bubble Sort. 2. Develop a form for simulating simple function in a calculator 3. Develop a code in VB for displaying a given text in different styles, sizes and fonts by using check

Box controls. 5 Write a program for demonstrating the use of list box and combo box controls.

6 Design and develop a form for processing students results using DAO concepts. 7 Design and develop a form for generating pay slip using DAO concepts. 8 Design and develop a form for performing bank transactions using ADO concepts 9 Design and develop a form for generating electricity bill interactively. 10 Creat three forms and place them under MDI form for manipulation by using main menu. 11 Write a code in VB for demonstrating the following financial functions:

PV; Nper; FV; NPV; Rate; SLN; DDB; IRR; MIRR; Impt. 12 Design a data report for employee pay slip 13 Demonstrate the use of DB – combo and DB – grid controls. 14 Develop a hospital management system by using ADO concepts. 15 Develop a library management system by using ADO concepts. Suitable programs in financial accountancy may be adopted depending on the package that is used.

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