Con. 06-16. C ~ e a dz> -

, (3 Hours) [Total Marks : 100

N.B. : ( I) Question No. 6 from Section - I and Question No. 12 from Section - I1 are compulsory.

(2) Attempt any three questions from Question No. 1 to 5 from Section - I and .:attempt any three question from Question No. 7 to 11 from Section - 11.

(3) Figures to the right indicate full marks. (4) Both Sections should be written in the same answer book.

Section I

1. Discuss the violation of Women's Rights.

2. Explain in detail the effects of Disaster on human life.

3. Discuss the meaning and features of Science.

4. Define Communication. Elaborate Barriers of Effective Communication.

5. Explain various obstacles in Free and Compulsory Education in India.

6. Write short notes (any two) :- (a) National Human Rights Commission (b) Air Pollution (c) Importance of Technology

(d) Right to health

Section I1

7. Discuss the need and objectives of Consumer Protection Act.

8. Explain the meaning and feature,^ of Right to Information.

9. Write the applications of Nano Technology.

10. Discuss the applications of LASER Technology.

11. Discuss the advantages and disadvantages of Sonography.

12. Write short notes on any two of the following :- (a) Eco-Feminism (b) Waste Management

(c) Types of Goal Setting (d) Maslow's Theory of Motivation.

[ TURN OVER

Con. 06-KP-4220-16.

5 : 1st half.16-SP(a)

Con. 10-1 6. KP- 4378

(3 Hours) [ Total Marks : 100

N.B. (1) All questions are compulsory.

(2) Figures to the right indicate full marks.

(3) Tie both the sections together.

Section - I

1. Explain the following terms (Any Five) :-

(a) Publicity (f) Clutter

(b) Salesmanship (g) Social Advertising

(c) MediaMix (h) AfVd

(d) Retail Advertising (i) Transit Advertising

(el TRP Cj) Product Research .

2. Answer the following (Any Three) :-

(a) What is advertising ? Explain its significance.

(b) Explain the active participants in advertising.

(c) Explain the impact of advertising on consumer price.

(d) What are the services rendered by an advertising agency ?

(e) Explain the career options available in advertising field.

(f) Give merits and demerits of radio advertising.

3. Write short notes on (Any 'Pwo) :-

(a) Ethics in advertising

(b) Causes of waste in advertising

(c) Outdoor advertising

(d) Client Turnover.

[ TURN OVER

6 1st half.16-SP(a)

Con. 10- KP- 43784 6.

Section - I1

I 4. Explain the following terms (Any Five) :-

I (a) USP (f) Slogan

(b) Advertising appeal (g) Logo

(c) Visualisation (h) Brand name I (d) Market - Segmentation (i) Layout

I (e) Advertising budget (j) Headline.

5. Answer the following (Any Three) :-

I (a) What are the essentials of good copy ?

(b) What factors are to be considered for framing an advertising budget ?

(c) State the functions.of illustration in advertising.

I (d) State different types of headlines.

1 I I . (e) Explain the importance of research in advertising.

(f) Discuss pre-testing methods of testing advertising effctiveness.

i 6. ,Write short notes on (Any Two) :- 10

(a) AIDA formula

(b) Buying motives

(c) Features of a good layout

(d) Window Display.

7 : 1st half.16-SP(a)

Con. 10 - KP- 4378-1 6.

[ TURN OVER

8 : 1st half.16-SP(a)

Con. 1 0- KP- 4378-1 6.

'd. mMmw(-m) :-

(a) r n ~ ~ ~ ~ - h) -3srmf;r ('-0 qF@m (3) 9- (5) - (3) mfhwJT4 . (f) *- (-9 -- Go *.

6. -ftmm (M-) :- Qo

(a) 3. m. &. 3.

(q) rn 3TJI-T

(3) *-* (3) --.

AsrnCFH 16 IDOL 4 C0m/qfiy se~+e+a+;~ / Ppt& c

Con. 15-16. KP-4762

(3 Hours) [Total Marks : 100

N.B. : (1)' Attempt any five questions. (2) Figures to the right indicate full marks.

1. (a) Who is a "company secretary" ? State his duties.- 10 (b) Distinguish between a private company and a public company. 10

2. (a) Discuss the requisites of a valid meeting of a company. 10 (b) What is a "statutory meeting" ? When and how is it held ? 10

3. (a) Briefly explain the different methods of voting. 10 (b) What is "Allotment of shares" ? Explain the procedure of allotment of shares. 10

4. (a) What is "Memorandum of "Association" ? What are its contents ? (b) Explain the different types of shares.

5. (a) How can the membership of a company be acquired and terminated ?

(b) State the duties of a chairman of a company meeting.

6. (a) What are the duties of a company auditor ? -

(b) Who is a "Proxy" ? What are his powers ?

7. (a) What is a share certificate ? Explain its contents. (b) Explain the procedure of transfer of Shares.

8. Distinguish between any two of the following :- 20 (a) Agenda and Minutes (b) Dividend and Interest (c) Motion and Resolution

(d) Forfeiture and surrender of shares.

9. Give specimen of any two of the following :- (a) Dividend Warrant (b) A Call Reminder

(c) Notice of Annual General Meeting (d) A Share Certificate.

10. Write short notes on any four of the following :- (a) Prospectus (b) Quorum (c) Special Resolution (d) Managing Director (e) Underwriting of Shares (f) Debentures.

[ TURN OVER

Asmi-M 16 IDOL 5

Con. 15-KP-4762-16.

9: (a) mmmtorm 7mFfhddBwm. (a) mm&-&mgeftFl*;FWm.

7. (a) mMm v k n m9m wfM mf m. (a) " m m " & m ? a ~ V Y i S R ~ ?

3. (a)rlmcmm~mertswn-zn. (a) l l ~ l l d m ? mm?!AF3emm.

o. (a) " - " d m ? d d M ? (a) M m m ~ m .

6 . (a) m @?lh-&mtolift ?

(a) "m"dmtor?d~m? s. ( a ) m m d m ? m m m J l f l i t ?

(a) m--;~~m.

c. E l l a d s r ~ ? ~ m ; F W m : -

(3) - vftmr - (q Flm-i?Tsw (9) FZTFT V m (J) TPFldtqmh.

9. a d k & R ~ & ~ ~ r n : -

(a) m?T a fbm 9jl a ) M m w (9) i n f E m - * v m (5) m m .

90. ~ ~ $ f V t ? k T l f & R t ! h l ~ :-

(a) m (a) - (m) B9h m (5) w4wFfdb- (5) - ~ *.

VT-IDOL Paper-F.H -Feb -16-1 -

Con. 01-16.

( 3 Hours ) [ Total Marks : 100

N.B. : (1) Question Nos. 1 and 6 are compulsory. (2) Attempt any two questions from the remaining questions from each section. (3) Figures to the right indicate full marks.

Section I

1. (a) Explain briefly the following concepts : (any four) 10 (i) Depression

(ii) Accelerator (iii) Active cash balances (iv) Liquidity trap (v) Money multiplier

(vi) Profitability aspect of a commercial bank. (b) Distinguish between : (any two) 8

(i) Aggregate demand and Aggregate supply (ii) Supply of money and demand for money

(iii) IS curve and LM curve.

2. (a) Explain the circular flow of income in a two sector closed economy. 8

(b) Explain the working of super multiplier in explaining the business cycles. 8

3. (a) Explain the RBI's approach to the measurement of money supply. 8 (b) Discuss the various causes of inflation. 8

4. (a) Explain the assets and liabilities of a commercial bank. 8 (b) Explain the meaning and objectives of monetary policy. 8

5. Write notes on (any two) :- (a) Features of business cycle (b) Determinants of money supply

(c) Liquidity Preference Theory of interest (d) Objectives of fiscal policy.

[ TURN OVER

- VT-IDOL Paper-F.H.-Feb.-16-2

Con. 01-KP-4,131-16.

Section I1

6. (a) Explain briefly the following concepts : (any four) (i) Inclusive growth

(ii) Rural unemployment in India (iii) Aggrements on Agriculture (iv) National Agriculture Policy 2000 (v) Public sector bank

(vi) WAS.

(b) Distinguish between : (any two) (i) Organized sector and Unorganized sector

(ii) Agriculture and Industry (iiii) MRTP and Competition Act.

7. (a) Explain the features of New Industrial Policy 199 1. 8

(b) Discuss the measures taken by the government to promote education in India. 8

8. (a) What are the causes of low agricultural productivity in India ? 8

(b) Discuss the measures initiated to promote small scale sector after 199 1. 8

9. (a) Explain the impact of banking sector reforms in India. (b) Discuss the various measures to control inflation in India.

10. Write notes on (any two) :- (a) Human development through health

(b) Employment generation programmes in India (c) Food security in India

(d) Recent developments in RBI's monetary polciy.

VT-IDOL Paper-F.H.-Feb.-16-3

Con. 01-KP-4131-16.

9. (a) %l-RkJfimm mr : (3bTFm?.m)

(9) sft 0 ) * (3) * ~ r ~ h ~ i f i m (u) * vlTmr

(4) h-T p ( ) m mm.

(q) -mwJ: (**) C

(9) mlJTmqmlJTgmar- (i) b m g ~ a m a M s m n R (3) I S ~ B L M W .

U. (37) =lmTJ3 +%.I3 TiTml B Fmrm FIT ~ m . C

( ) $rn aPf B ,* rn mr. c

4. f2TIrn : (3+Jl--F?*)

(a) =m-r8 aif;d M (q) ihl-Fll ymmdt f%*

(3) m*fm (3) - JRa.

VT-IDOL Paper-F.H.-Feb.-16-4

Con. 01-KP-4131-16.

. (a) mm-rdbmd.-d5M ? c

. (q) 9 9 9 3 k ~ * ~ ~ h ~ ~ & ~ 3 m 4 4 v l 4 i 4 ? L

d m.

9. (a) v r m d k d h - g m ~ ~ r n . c

3 m ~ a ~ f h ~ $ ~ K c m r m r d t & h ~ e ~ ; m m i T d t d a ; n . c

Asrnl-FH 16 IDOL 1

S~y.&ceM

Cmmqpce - C P ~ P ~ - ~ J Con. 19-16. --.I

-3 Hours) -[Total Marks : 100

N.B. : (1) All questions are compulsory. (2) Figures to the right indicate full marks assigned to each questions.

(3) Write the answers of both sections in same answer book.

Section I

1. Define any five concepts -

(a) Unity of command (b) Planning

(c) Decision-making (d) Policy

(e) Span of control (f) Delegation

(g) Knowledge Management (h) Management of change.

2. Answer any three of the following :- 30

(a) Explain in brief any ten principles of management propounded by Henri Fayol.

(b) Discuss the process of MBO.

(c) Describe various traditional techniques of decision making.

(d) What are the various bases of Departmentation ? Explain them in brief.

(e) Define 'corporate Social Responsibility'. Explain its advantages to the company.

(f) Explain briefly the factors determining Span of Control.

3. Write short notes on any two from the following :- 10

(a) Managerial Skills

(b) Features of Management Information System

(c) Measures of managing stress

(d) Virtual organisation.

Section I1

4. Give meaning of the following terms (any five) :- P O

(a) Despatching (b) Productivity

(c) Quality circles (d) Total Quality Management

(e) Kaizen concept (f) Financial Market

(g) Primary market (h) Dematerialisation of shares.

[ TURN OVER

A s m W 16.IDOL 2

Con. 19-KP-4390-16. 2

5. Answer any three of the following :- (a) Describe various types of production system. (b) Explain the objectives of.Inventory Control. (c) Discuss various techniques of Quality .Control. (d) Explain in brief the role of Financial Market.

(e) What is Credit Rating Agency ? Discuss its role in national development. (f) What is Micro-Finance ? Explain in brief features of Micro-Finance.

6. Case Study - Mr. Joy wants to raise funds to start an amusement park. Advice him :-

(a) What are the various pruposes for which he will require fund for his project ? 05

(b) What are the various sources available to raise finance ? 05

i . sTFfkTw-*&**rmth:- 30

( 3 ) *~m*or4twm-*mrnirsm~rrm&~

ER-E m. (q) --mmm. (*) f3+we&b**&m. (5) ~ ~ p s ~ g m ~ ~ ~ m z m .

(3) --e--h.**Mmcctmm. (u) m 5 8 * m * m * m .

3 . a l d k + k @ M * w ~ r m : -

(Jr) -m (54) - rn - ft;sRst (a) m&wm h mmmiidb m

(3) m m.

u. m frill Ffz mr (**Am) :-

(a) ~ ~ h r ~ h m ¶?zd (q) w (3) ? J J wi2 (3) v$ m[' - (3) m - fwh (q) - (3) rn 37-wfm.

4. Mmem-mmtm:- (a) 3m3=wFNm~m~m. (54) d m * m m . (T) Ff+inl=mmmdm. (3) m-%plziil*faqli;im. (3) ~ m s r m * m a f l % ~ ~ ~ p ~ , ~ r m i m .

(V;) q w f a a . ~ > m ? q w M m m * m .

Con. 23-16.

(OLD COURSE)

(3 Hours) [Total Marks : 100

N.B. : ( 1) All questions are compulsory. (2) Figures to the right indicate full marks

Section I

1. Explain the following terms (any five) :- (a) Merger (e) Entrepreneurship (b) Growth (f) Business planning (c) Privatization (g) Business environment (d) NAFTA (h) Joint venture

2. Answer any three of the following questions :-

(a) Define Business. Describe the nature of business. (b) What is Business environment ? Explain the components of external bush

environment.

(c) Discuss the procedure of setting up of business objectives. (d) Define the term Diversification of business. Explain its types. (e) Discuss the qualities of a successful entrepreneur. (f) Explain the steps involved in setting up of a new business.

less

3. Write short notes on (any two) :- (a) SWOT analysis (c) Economic objectives 06business

(b) Takeover (d) Project report

Section I1

4. Explain the following terms (any five) :- (a) Merchant Banking (b) Air transport (c) E-Communication (d) BPO

(e) Health tourism (f) Life Insurance (g) Retailing (h) FDI

5. Answer any three of the foilowing questions :-

(a) Elaborate the role of Banking sector. (b) Explain the types of Insurance. (c) Distinguish between organized and unorganized retailing. (d) What are the recent trends in retail sector ? Explain. (e) Explain the benefits of Telecommunication. (0 Enlist different forms of transport. Explain road transport in detail.

6. Write short notes on any two :- 10 (a) Rail transport (c) Career options in Insurance sector (b) Development bank (d) KPO

Con. 23-KP-4.709-16.

3. - e w m ( M m ) : - -

(a) - (3) - (3) = (q) wmm* (3) a-rd++m ( ) m w h (5) =mz-r (P) w-

?. m - r d b + R d m ? T f h ~ ~ a d & :--

(a) - m m . &m*w (3) -*dm? wm&-m@in. (3) ozlcl~~4~*Mdw. (3) -R-mm. d m w m . (3) d-m*dw. (v;) **3-mww.

?. dT7Fmrfim& (-A*) :--

(a) R T ~ * (5) mMhm (q) 7l-m-r (5) mrn

x. Errdkewm ( d m A m ) :-- (a) m* (3 ) ?m-J3-T*

(") d v (V;) s f t a ; r h (3) *-- (q) -m (J) a.q.33. (f) bm3v

4. M - T f f ; r n d ; m t & : - -

(a) 3Tf*hyrn*w. ( ) m m m w (s) fmftasrrmftdGwwxftmmTww. (5) - m M w * m * ? TWm. (3) *3*w&TWw. (v;) -m4~+.

6 . GlsWrTfim*(-*) :--

(a) W-RP (5) faTr*M*eft ( ) M3Tf& (5) &.*.33.

Con. 23(A)- 16.

(REVISED COURSE)

(3 Hours)

N.B. : (1) All questions are compulsory. (2) Figures to the right indicate full marks.

Section I

1. Answer any two from the following :-

(a) What is business ? Explain the functions of business. (b) Distinguish between Economic objective and Social objective. (c) What is business Environment ? Describe internal environment.

. (d) Discuss the positive impacts of privatization.

[Total Marks : 100

2. Answer any two from the following :- 20 (a) What is business planning ? Explain the objectives of business planning. (b) Define the term "feasibility study". Explain its importance. (c) Write a note on "problems of women Entrepreneurs" in India. (d) Discuss the factors contributing to the growth of Entrepreneurship.

3. Write short notes on (any two) :- (a) Human objectives (c) SAARC (b) Turnaround (d) Project Report

Section I1

4. Answer any two from the following :- 20 (a) What is service ? Explain the nature of service. (b) Discuss the opportunities available in service sector. (c) What are the types of retailing ? Explain Non-store formats of retailing. (d) Explain the features of retailing.

5 . Answer any two from the following :-

(a) What is credit card ? Explain the advantages of credit card. (b) Explain the importance of logistics. (c) What are the advantages of on-line Marketing Research ? (d) Define E-commerce. Explaiin B2B E-commerce. -

6. Write short notes (any two) :- (a) A.T.M. (b) Mall Management

(c) B.P.O. (d) Physical evidence

Con. 23(A)-KP-4709-16.

3 . M d-m-r$t-c. l;t;cnMd&:-- (a) m d m ? m d m m . ( ) ~ ~ 3 3 ~ ~ ~ m m v ; m ; m m . (a) m h d m ? &+mm. (3) ---dm.

?. m -e-c.l;t;cgM*&:-- (a) wiTm*wdm? - m * m m . (a) - - T W W I T ~ ~ ~ ~ ~ Y C I - I I ~ ~ . fadT$TiWEm. (T) " ~ & * m m " m * % . (5) z a h m l ~ ~ m a a f m .

3 . eifs.fsmfimh (***) :--

(a) mw (a) ( ) - (3) m m

'd. *-A-c.l;t;cn&jirtM:-- (a) -imrMm? M m m m . (a) hhdmq*Fieffddm. (3) fk-CGbmm*? ' ~ ~ m ' m m m m . (3) i&-Wda&Wmm.

4. *A*n&?m?5kg :--

(a) i k ~ d e m ? & k M d m m . (q) m ~ m d w m m (s) a*-1'M*dm4t*? (3) f-*mwrm. *?&f-rnmm.

6 . d33R-mf2mM (*A*) : - -

(a) P.*.w (s) *.*.a. (a) ~ m m (3) m@

Con. 16-1 6. A ~ ~ ~ ~ ~ & ; ~ g an4 $:nanc;qI M Q ~ Q ~ ~ W F ~ KP-4825

I \ -- ( m@~-p3 (3 Hours) [Total Marks : 100

N.B. : (1) All questions are compulsory. (2) Figures to the right indicate full marks. (3) Workings notes should form the part of your answer.

Section I

1. A and B are partner sharing profit and losses in the ratio of 3:2. C jointed as a third 18 partners on 1 st October, 20 15. Their Trial Balance as on 3 1 st March, 20 16 was as under.

Additional Information :

(i) Stock on 3 1st March, 2016 was T 360000 (ii) Purchases from 01.04.2015 to 30.09.2015 was T 800000

(iii) Sales from 01.04.2015 to 30.09.2015 was T 1200000

(iv) Wages from 01.04.20 15 to 30.09.2015 was T 120000 (v) Stock on 30.09.201 5 was T 120000

(vi) Furniture worth T 1,00,000 was purchased on 0 1.0 1.20 15. Write off depreciation at 20% p.a.

(vii) Interest on partner's capital was to be provided at 12% p.a. and no interest on drawings was provided.

Balances

A's drawings and capital B's drawings and capital C's drawings and capital Opening stock (0 1.04.20 1 5)

Purchases and sales

Wages Furniture General expenses Rout rates & taxes Selling expenses Debtors and creditors Cash & Bank balance Amount brought by C (for his share of Goodwill )

You are required to prepare :-

(a) Trading Alc, Profit & Loss A/c and Profit & Loss Appropriation A/c for the period from 01.04.2015 to 30.09.2015 and from 01.10.2015 to 31.03.2016.

(b) Balance Sheet as on 3 1 st March, 20 16.

[TURN OVER

Dr. (7)

30,000

20,000 10,000 60,000

18,00,000 2,80,000 4,00,000

60,000 60,000 28,000

12,52,000 7,00,000

47,00,000 - -

Cr. (T)

6,00,000 4,00,000 3,OO.OOO

28,00,000

5,00,000

1,00,000

47,00,000 - - -

Con. 16-KP-4825-16. 2 .

2 (a) Fill in the blanks with suitable words :- 8

(i) Goodwill is an assets.

(ii) Dissolution expenses are credited to account.

(iii) The balance due to retiring partner is transferred to his account

until final Settlement.

(iv) If asset is appreciated, Realization Account is

(v) When the assets of the firm are sold, account is credited.

(vi) AS- 14 deals with of Partnership.

(vii) Return outward is deducted from (viii) Tally is a complete solution for the problem of inventory

management.

(b) State whether the following statement are TRUE or FALSE :- 8

(i) General Reserve should be transferred to old partners capital account in their old profit sharing ratio.

(ii) Debit balance of Trading Alc represents Gross Loss.

(iii) Sales order voucher is used for accepting orders fiom the customers for sales. (iv) Retirement of partner results in to gain of continuing partner.

(v) Unrecorded liabilities need not be paid for on dissolution of a firm. (vi) Bill under discount is a contingent liability.

(vii) In tally the key press F-10 is to display the physical stock vouchers. (viii) In case of piecemeal distribution, creditor is an external liability.

3. Purva, Sudipa and Kranti are partners sharing profits and losses in the ratio 4:2:1. 16 They decided to dissolve the partnership as on 3 1st March, 20 16 when their Balance

sheet was as under :-

Balance Sheet as on 31st March, 2016

I Liabilities I Rs. Assets I Rs. 1 Partners Capital :

Purva Sudipa Krant i 10% Loan (unsecured) Bills Payable

Creditors

Land & Building Machinery Debtors Stock Cash and Bank

2,00,000 1,20,000

40,000 80,000 60,000

60,000

5,60,000 --

Rs. 1,600 has to be provided for realization expenses. Thereafter all cash received

should be distributed among the partners.

The amounts were realized in instalment as follows :-

1 st Realisation Rs. 1,20,600 2nd Realisation Rs. 1,55,400 3rd Realisation Rs. 1,58,000

The actual realization expenses were Rs. 1,000.

Prepare a statement showing piecemeal distribution of cash as per Excess Capital Method.

OR

Con. 16-KP-4825-16. 3

3. Following is the Balance sheet of two firms as at 3 1st March, 20 16.

Balance Sheet as on 31st March, 2016.

Assets

Premises Computers Furniture Inventory Debtors Bank Balance Cash Balance

Liabilities

Capital Accounts Prem Anil

Raj S hyam General Reserve Creditors Bills Payable

Total

Prem & Co. -

10,000 5,000 9,000 6,000 2,000 1,000

.Raj & Co.

5,000

7,000 8,000

14,000 4,000 2,000

Prem & Co.

1 1,500 1 1,500

5,000 5,000

33,000

It was mutually agreed to amalgamate the businesses from 1st April, 20 16.

The terms of amalgamation were as follows :-

(1) Premises was valued at Rs.10:000 and Computers at Rs. 12,000.

(2) Furniture was not taken over by new firm.

(3) A reserve at 5% to be created against debtors. (4) Goodwill was valued as : M/s Prem & Co. at Rs. 10,000 and that M s . Raj & Co.

at Rs. 15,000.

(5) The new firm also assumed other Assets and Liabilities of old firms at book value. Show necessary ledger accounts in the books of old firms.

Section 11

Raj & Co.

18:OOO 12,000 3,000 4,000 3,000

40,000

4. Bhushan Ltd. Gave notice of its intention to redeem its outstanding Rs. 4,00,000,8% 18 debenture at Rs. 105 (nominal value Rs. 100) and offered the following options to

the holders :-

(a) 11% preference share of Rs. 401- each at Rs. 50 per share.

(b) 10% debenture at Rs. 100 (at par)

(c) To have their holdings redeemed for cash (assume redemption out profit only) (i) The holders of Rs. 1,40,000 debenture accepted option (a)

(ii) The holders of Rs. 1,60,000 debenture accepted option (b)

(iii) The remaining debenture holders accepted option (c) Pass the necessary journal entries in the books of Bhushan Ltd.

5. (a) Fill in the blanks with suitable words :-

( 0 (i i)

(iii)

(iv)

(v)

(vi) (vii)

(viii)

Profit on cancellation of own debentures are profit. preference shares can be redeemed.

Profit on sale of investment should be debited to account. Interest accrued on Debenture Redemption Fund Investment is credited

to

Actual loss at the date = Stock on the date of Fire Less Ctrl + to select the budget.

CRR = Nominal value of preference shares to be redeemed Less Discount on issue of debentures is shown on side of Balance sheet.

[TURN OVER

Con. 16-KP-4825-16. 4

(b) State whether the following statements are TRUE or FALSE :- 8

(i) Capital Reserve can be used for payment of debenture interest. (ii) A company can issue redeemable preference shares at premium.

(iii) Average clause is applicable in case of under insurance. (iv) Dividend Equalization Reserve is free reserve.

(v) Preference Shares are redeemed as per section 77 of Company Act 1956. (vi) AL T +2 to select duplicate a voucher.

(vii) F4 is to select the company. (viii) A company can issue unsecured debentures.

6. The summarized Balance sheet of Moonlight Ltd. As on 3 1st December, 20 15. 16

r Liabilities RS. I Assets RS. 1 shares of Rs. 100 each.

20,000,9% Redeemable Preference shares of Rs. 10 each

On 1 st January, 20 16 the company :-

(a) Redeemed the preference shares at a premium of Rs. 2/- per share. (b) Realized investment at 90% of the cost. (c) Issued required number of equity shares at a premium of Rs. 40/- per share

as per the requirement of the companies Act. 1956.

(d) Required to maintain the credit balance of Rs. 25,000 in the profit and loss N c .

(e) Issued as Bonus Equity shareholders at par at the ratio of one share for every ten shares held on 3 1 st December, 20 15 out of the balance in Capital Redemption

Reserve N c . You are required to :-

(i) Show necessary journal entries to record the above transaction. (ii) Prepare Balance sheet after redemption

OR 6. A fire occurred in the premises ofAgani on 25thAugust, 20 15 when a large part of the 16

stock was destroyed. Salvaged was Rs. 15,000. Agani give you the following information for the period 1 st January, 20 15 to 25th August, 20 15.

(a) Purchases Rs. 85,000.

(b) Sales Rs. 90,000.

(c) Goods costing Rs. 5,000 were taken by Agani for personal use.

(d) Cost price of Stock on 1st January, 2015 was Rs. 40,000. Over the past few years, Agani has been selling goods at a consistent gross profit Margin

of 1/3 % .The Insurance Policy was for Rs. 50,000. It included an average clause. Agani asks you to prepare a statement of claim of claim to be made on the Insurance

Profit and Loss Current Liabilities

company.

5,00,000 2,00,000

Fixed Assets Investment Cash at Bank

1,60,000 1 ,OO,OOO

9,60,000

Other current Assets 4,00,000

9,60,000