course title: application and practice of...

Directorate Of Technical Education Karnataka State

Course Title: APPLICATION AND PRACTICE OF

FINANCIAL ACCOUNTING - I

Credits (L:T:P) : 4:0:0 Total Contact Hours: 52 Course Code: 15MM51T

Type of Course: Lectures,

Self Study & Assignment Credit :04 Core/ Elective: CORE

Prerequisite: Basic Knowledge of Financial Accounting – I in the First Semester.

Course Objectives:

The Students shall be able to:

1. Calculate the Interest on Partners’ Drawings, Appropriate Profits for various purposes,

Maintain Partners’ Capital & Current Accounts in the prescribed methods and format.

2. Apply the accounting treatment for various adjustments at the time of Admission of a

new partner.

3. Calculate the amount payable to the Retiring Partner and the mode of settlement.

4. Calculate the amount payable to the Executors of the Deceased Partner and mode of

settlement.

5. Analyse the procedure to be followed for the Dissolution of Partnership Firms

6. Prepare the Final Accounts of Non – Trading Concerns.

COURSE OUTCOMES :

At the end of the course, the students should be able to:

CO1 Calculate Interest on Partners’ Drawings; Prepare Profit and Loss

Appropriation Account, Maintenance of Partners’ Capital Accounts.

CO2

Analyse the Accounting Entries at the time Admission of a New Partner and

prepare necessary Ledger Accounts and New Balance Sheet of the

Reconstituted Firm.

CO3

Analyse the Accounting Entries at the time of Retirement of a Partner and

prepare necessary Ledger Accounts including Retiring Partner’s Loan

account and New Balance Sheet of the Firm.

CO4 Analyse the Accounting Entries at the time of Death of a Partner and prepare

Deceased Partner’s Executors’ account and the Balance Sheet of the Firm.

CO5 Analyse the Accounting Entries at the time Dissolution of a Partnership Firm

and Close the books of the Firm.

C06 Prepare the Final Accounts of Non- Trading Concerns with different

adjustments.


CO-Cognitive Level (CL) -PO MAPPING

Name of the course: Application and Practice of Financial Accounting - I

Course Outcome CL Linked PO Teaching Hrs

CO1

Calculate Interest on Partners’

Drawings, Prepare Profit and Loss

Appropriation A/c, Maintain

Partners’ Capital A/cs.

R/U/A 1,2,3,4,6,9,10 07

CO2

Analyse the Accounting Entries at

the time of a Admission of a New

Partner and prepare necessary

Ledger Accounts and New Balance

Sheet of the New Firm.

R/U/A 1,2,3,4,6,9,10 11

CO3


the time of Retirement of a Partner

and prepare necessary Ledger

accounts and the Balance Sheet of

the Firm.

R/U/A 1,2,3,4,6,9,10 08

CO4


the time of Death of a Partner and

prepare Deceased Partner’s

Executors account and Balance

Sheet of the Firm.

R/U/A 1,2,3,4,6,9,10 05

CO5


the time of Dissolution of a

Partnership Firm and Close the

Books of the Firm.

R/U/A 1,2,3,4,6,9,10 08

CO6

Prepare the Final Accounts of Non-

Trading Concerns with different

adjustments.

R/U/A 1,2,3,4,6,9,10 10

I.A. 03

Course-PO Attainment Matrix Course Programme Outcomes

1 2 3 4 5 6 7 8 9 10

Application and

Practice of Financial

Accounting - I

3 3 3 3 - 3 - - 3 3

Level 3- Highly Addressed, Level 2-Moderately Addressed, Level 1-Low Addressed.

Method is to relate the level of PO with the number of hours devoted to the COs which

address the given PO.

If >40% of classroom sessions addressing a particular PO, it is considered that PO is

addressed at Level 3

If 25 to 40% of classroom sessions addressing a particular PO, it is considered that PO is


If 5 to 25% of classroom sessions addressing a particular PO, it is considered that PO is


If < 5% of classroom sessions addressing a particular PO, it is considered that PO is

considered not-addressed.

COURSE CONTENTS

Unit Major Topics Hours Allotted

1 Partnership Accounts 07

2 Admission of a New Partner 10

3 Retirement of a Partner 07

4 Death of a Partner 04

5 Dissolution of Partnership Firms 08

6 Final Accounts of Non - Trading Concerns 13

Internal Assessment Tests 03

Total 52

COURSE CONTENT AND BLUE PRINT OF MARKS FOR SEE

Legend: R; Remember, U: Understand A: Application

Unit

No Unit name Hour

Questions to be set

for

SEE

Marks

Weightage

Weightage

(%)

R U A

1 Partnership Accounts 07 5 5 15 25 20

2 Admission of a New

Partner 10 5 5 30 40 35

3 Retirement of a Partner 07 5 15 20 25

4 Death of a Partner 04 5 10 15 15

5 Dissolution of Partnership

Firms 08 5 15 20 25

6 Final Accounts of Non -

Trading Concerns 13 5 5 15 25 30

INTERNAL ASSESSMENT TESTS 03 - - - - -

Total 52 15 30 100 145 100


DETAILS OF COURSE CONTENTS

Unit 1- PARTNERSHIP ACCOUNTS:

Provisions affecting Partnership Accounts (Profit Sharing, Interest on Capital, Interest on

Loan, Interest on Drawings, Remuneration to Partners) – Distribution of Profits by

Preparation of Profit and Loss Appropriation Account – Calculation of Interest on Partners’

Drawings under product Method – Maintenance of Partners’ Capitals by Fixed and

Fluctuating Capital Methods.

Unit 2- ADMISSION OF A NEW PARTNER:

Listing of the Adjustments to be made at the time of Admission of a New Partner –

Calculation of New Profit Sharing Ratio of all the Partners and Sacrificing Ratio of Old

Partners - Accounting Treatment of Goodwill (in case of Premium, Revaluation and

Memorandum Revaluation Methods) – Revaluation of Assets and Liabilities – Distribution

of Accumulated Profits and Losses – Proportionate Capital Contribution – Simple Problems

on Admission of a New Partner.

Unit 3.RETIREMENTOF A PARTNER:

Calculation of New Profit Sharing Ratio and Gain Ratio of Continuing Partners – Various

methods of Treatment of Goodwill – Adjustment of Accumulated Profits and Losses,

Revaluation of Assets and Liabilities, Unrecorded Assets and Liabilities – Preparation of

Retiring Partner’s Loan Account – Settlement of Amount due to the Retiring Partner–

Simple Problems on Retirement of a Partner.

Unit 4. DEATH OF A PARTNER:

Ascertainment of the Amount due to the Deceased Partner - Preparation of Deceased

Partner’s Executors’ Account – Settlement of Amount due to the Deceased Partner –

Simple Problems on Death of a Partner.

Unit 5.DISSOLUTION OF PARTNERSHIP FIRM:

Meaning of Dissolution – Dissolution of Partnership versus Dissolution of Partnership Firm

– Settlement of Accounts – Accounting Treatment – Realization of Assets and Liabilities –

Simple Problems on Dissolution of Partnership Firm.

Unit 6.FINAL ACCOUNTSOF NON - TRADING CONCERNS:

Meaning of Non Trading Concerns – Components of Final Accounts of Non-Trading

Concerns – Receipts and Payments Account – Income and Expenditure Account –

Receipts and Payments Account versus Income and Expenditure Account - Balance

Sheet- Simple Problems on Preparation of Income and Expenditure Account and Balance

Sheet from the given Receipts and Payments Account and other given Adjustments.

BOOKS FOR REFERECE:

1) Introduction to Accountancy by T.S.Grewal – S Chand and Company

2) Financial Accounting (Principles and Practices) by N.Vinayakam and B.Charumathi

S Chand and Company

3) Financial Accountancy by N.P.Srinivasan and SakthivelMurugan – S Chand and

Company

4) Accountancy Vol II by B.S. Raman

5) Accountancy Vol II by Kadkol

6) Dailies and Magazines / Journals of Business, Finance and Management.


E - BOOK FOR REFERENCE:

Websites of Dailies and Magazines / Journals of Business, Finance and Management.

SUGGESTED STUDENT ACTIVITIES:

1. Drafting of Partnership Deed as per the provisions of Indian Partnership Act.

2. Collection of Partnership Deed copies visiting some Partnership Firms.

3. Analyse and listing of reasons for Admission of new partner into a Existing partnership

Firm.

5. Analyse and listing of reasons for Retirement of partner from a partnership firm.

6. Analyse and listing of different methods of settlement of the amount due to the Retiring

Partner/Executors of the deceased partner.

7. Analyse and listing of reasons for dissolution of partnership firm.

8. Listing of various Non-Trading Concerns situated and working in and around the localities

of the students.

COURSE ASSESSMENT AND EVALUATION The Course will be Delivered Through Lectures, Class Room Interaction, Exercises and

Self Study Cases.

What

To

Whom

When/Where

(Frequency in

the Course)

Max.

Marks

(Theory)

Evidence

CO’s

Mapped

Direct

Assessmen

t Method

CIE

IA Test

ST

UD

EN

TS

3 Tests

(Average of 3

tests will be

Taken)

20 Blue Books 1 – 6

Assignment

Assignment

Report 05 Assignment

Reports 1 – 6

Total 25

SEE End Exam End of Course 100 Answer

Script 1 – 6

Indirect

Assessmen

t Method

Student Feedback Middle of the

Course

-NA-

Feed Back

Forms

1 – 6 delivery

of the Course

End of Course

Survey End of Course Questionnaire

Effectiveness of

delivery of

Instruction and

assessment methods

Note: I.A. test shall be conducted for 20 marks. Average marks of three tests shall be rounded

off to the next higher digit.

Note to IA verifier: The following documents to be verified by CIE verifier at the end of

semester

1. Blue books ( 20 marks)

2. Student suggested activities report for 5 marks

3. Student feedback on course regarding Effectiveness of Delivery of instructions &

Assessment Methods.


Questions for CIE and SEE will be designed to evaluate the various educational

components such as:

1. Remembering and Understanding : 20 % Weightage

2. Applying the knowledge acquired from the Course : 40 % Weightage

3. Analysis : 25 % Weightage

4. Evaluation : 05 % Weightage

5. Creating new knowledge : 10 % Weightage

MODEL OF RUBRICS FOR ASSESSING STUDENT ACTIVITY:

FORMAT FOR STUDENT ACTIVITY ASSESSMENT

DIMENSION Unsatisfactory

1 Developing

2 Satisfactory

3 Good

4

Exemplary 5

Score

Collection of

data

Does not

collect any

information

relating to the

topic

Collects

very limited

information;

some relate

to the topic

Collects

some basic

information;

refer to the

topic

Collects

relevant

information;

concerned

to the topic

Collects a

great deal of

information;

all refer to

the topic

3

Fulfill team’s

roles & duties

Does not

perform any

duties assigned

to the team

role

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties

Performs all

duties of

assigned

team roles

with

presentation

4

Shares work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually

does the

assigned

work; rarely

needs

reminding

Does the

assigned job

without

having to be

reminded.

Always

does the

assigned

work

without

having to be

reminded

and on

given time

frame

3

Listen to

other Team

mates

Is always

talking; never

allows anyone

else to speak

Usually

does most

of the

talking;

rarely

allows

others to

speak

Listens, but

sometimes

talk too

much

Listens and

contributes

to the

relevant

topic

Listens and

contributes

precisely to

the relevant

topic and

exhibit

leadership

qualities

3

TOTAL

13/4=

3.25=

4

*All student activities should be done in a group of 4-5 students with a team leader.


MODEL QUESTION PAPER (CIE)

Test/Date and

Time Semester/year Course/Course Code

Max

Marks

Ex: I test/6 th

weak

of Sem 10-11 Am

V SEM

APPLICATION AND

PRACTICE OF

FINANCIAL

ACCOUNTING – I 20

Year: 2017-18 Course code:15MM51T

Name of Course coordinator :

Units:1,2 Co: 1,2

Note: Answer all questions

Question

no Question CL CO PO

1 (According to unit and CO1)

A 1 1,2


A 1 1,2


U 2 1,2


U 2 1,2


semester


5. Student suggested activities report for 5 marks and should be assessed on RUBRICS


Assessment Methods.


GOVERNMENT OF KARNATAKA

DEPARTMENT OF TECHNICAL EDUCATION BOARD OF TECHNICAL EXAMINATIONS

DIPLOMA IN MODERN OFFICE MANAGEMENT MODEL QUESTION PAPER

15MM51T – APPLICATION AND PRACTICE OF

FINANCIAL ACCOUNTING - I

Time: 3 Hours Max.Marks: 100

Instruction: 1) Part – A. Answer any SIX questions from a set of 9 Questions.

Each question carries 5 Marks.

2) Part – B. Answer any FOUR questions from a set of 6 Questions.


3) Part – C. Answer any TWO questions from a set of 3 Questions.


PART – A

(Answer any SIX Questions from this Section) 6x5=30 Marks

1. Explain the Profit and Loss Appropriation Account in detail?

2. The drawings of Mr.Bhanu during the year 2014 are as follows:

Rs.2, 000 on 31-03-2014

Rs.6, 000 on 01-07-2014

Rs.4, 000 on 31-08-2014

Rs.8, 000 on 01-10-2014

Calculate interest on drawings of Bhanu at 12% per annum under product method for

the accounting year ended 31-12-2014.

3. Describe the revaluation of Assets and Liabilities of the Partnership Firm at the time of

Admission of a Partner.

4. Amar and Akbar were partners sharing profits in the ratio of 2:3. They admitted Anthony as

a new partner. Their new profit sharing ratio is 4:5:6. Calculate the Sacrifice Ratio of Amar

and Akbar.

5. Explain the concept of retirement of a Partner? Give any three reasons for retirement of a

Partner.

6. P, Q & R were partners in a firm sharing profit in the ratio of 3:2:1. Q retired from the

Business. P &R decided to share the profits in the ratio of 3:2 in future. Calculate the Gain

Ratio of P & R.

7. List out the items to be considered to ascertain the amount due to the deceased partner.

8. Elucidate the concept of Dissolution of a Partnership Firm


9. Narrate the concept of Non-Trading Concern along with examples.

PART – ‘B’

(Answer any FOUR Questions) 4 x 10 = 40

10. A and B are partners in a firm sharing profits and losses equally. On 1st January 2016, their

Capitals stood as Rs.1, 00,000 and Rs.60, 000 respectively. Interest is to be allowed on

their capitals at 8% per annum. Their drawings during the year amounted to Rs.8, 000

and Rs.6, 000. The interest on their drawings is to be charged at 6% per annum. A is

entitled to a monthly salary of Rs.2, 000 and B is entitled to a commission of Rs.12, 000.

The net profit for the year 2016 before making adjustments for interest on capitals,

interest on drawings, partner’s salary and partners’ commission.

Prepare the Profit and Loss Appropriation Account for the year ended 31st December,

2016 showing the division of profits between the partners.

10

11. Preetam and Aras are partners sharing profits and losses in the proportions of 3:2. Their

Balance Sheet as on 31stMarch, 2016 was as follows:

Liabilities Rs. Rs. Assets Rs. Rs.

Sundry Creditors

Bills Payable

Capitals:Preetam

Aras

30,000

20,000

6,000

2,000

50,000

Cash in hand

Bills Receivable

Sundry Debtors

Stock

Furniture

Machinery

Building

2,000

3,000

8,000

20,000

4,000

6,000

15,000

58,000 58,000

They agreed to take Ashok into partnership, giving him 1/4th

Share in future profits. The

following adjustments are to be made before Ashok’s admission:

a. Stock is to be valued at Rs. 18,000.

B.Furniture is to be depreciated by 5%.

c. Machinery is to be reduced by 10%.

d. Buildings are to be valued at Rs.20, 000.

e. Make a provision for bad and doubtful debts at 5% on Debtors.

Give the necessary journal entries and prepare the Revaluation Account.

12. On 31st December 2016, the Balance sheet of Rahim and Akbar stood as given below:


Bills Payable

Reserve Fund

Capitals: Raja

Krishna

7,000

10,000

15,000

12,000

Cash

Stock

Debtors

Machinery

4,000

10,000

10,000

20,000

44,000 44,000

On 30th

June 2002, Raja died and the Partnership deed provides in such an event, that the

executors of the deceased shall be entitled to:


a) Share of Goodwill: Goodwill shall be estimated as two years average of last three

years’ profits. Profits for the past three years were Rs.18, 000, Rs.24,000 Rs.27,000.

b) Share in the Profit for the current year: For this purpose, the profit of 2016 will be

considered.

c) Share of Reserve Fund.

d) Capital Account balance as per the last Balance sheet.

Show the account of the executors of Raja (deceased) as on 31st December 2016.

13. Swetha and Sucheta were partners in a business sharing profits and losses in the ratio of 2:1

respectively. They decided to dissolve their firm on 31st December 2016 when the balance sheet

appeared as under:


Capitals:

Swetha

Sucheta

Profit and Loss A/c

Creditors

20,000

40,000

6,000

14,000

Goodwill

Machinery

Patents

Investments

Stock

Debtors

Bank

8,000

20,000

10,000

4,000

24,000

12,000

2,000

80,000 80,000

Swetha agreed to take over Machinery at Rs.27, 000. Sucheta agreed to take over

Goodwill at Rs.12, 000 and Patents at Rs.8, 000. Other assets realized thus: Investments Rs.5,

000, Stock Rs.29, 000 and Debtors Rs.10, 000. Creditors were paid in full. Expenses of

realization were Rs.1, 000.

Pass necessary Journal Entries in the books of the firm.

14. a) Describe the Dissolution of a Partnership Firm?

b).Mention the major points of distinction between Dissolution of partnership and

Dissolution of the Partnership Firm.

15. Explain the accounting treatment of the following items in the Final Accounts of Non-

Trading Concerns?

a) Subscriptions b) Life Membership Fees c) Legacies

d) Entrance Fees e) Donations

PART - C

(Answer any TWO Questions) 2 x 15 = 30

16. Abhi and Shashank are partners sharing profits and losses in the ratio of 2:1. Their Balance

Sheet as on 31st

December, 2016 was as follows:


Creditors

Bills Payable

Reserve Fund

Capitals: Abhi

Shashank

20,000

20,000

12,000

8,000

9,000

40,000

Cash at Bank

Debtors

Stock

Furniture

Building

10,000

5,000

10,000

4,000

40,000

69,000 69,000


They admitted Suhas into Partnershiip giving him 1/5th

share in the future profits on the

following terms:

a) The new partner should bring Rs.25, 000 as his capital and Rs.9, 000 as Goodwill.

b) The value of building is to be appreciated by Rs.7, 000.

c) The furniture is to be depreciated by Rs.900.

d) The stock is to be depreciated by 10%.

Prepare the following:

a) Revaluation A/c b) Partners’ Capital Accounts c) Balance Sheet of the New firm.

17. Shobha, Dharitri and Navya were partners sharing profits and losses in the ratio of 3:2:1.

Their Balance sheet on 31-03-2016 stood as given below:


Bills Payable

Reserve Fund

Capitals:

Shobha

Dharitri

Navya

31,000

15,000

40,000

36,000

28,000

Bank

Debtors

Less: Reserve

Stock

Furniture

Building

16,000

1,000

15,000

15,000

20,000

20,000

80,000

1,50,000 1,50,000

‘Navya’ retired from the Business on the above date and following adjustments are to be made:

i) The Goodwill of the firm is to be valued at Rs. 21,000/- which however need not be shown

in the books of Accounts of the Firm.

ii) Stock and Furniture to be depreciated by 15%.

iii) Reserve for doubtful debts to be increased to Rs.3, 000/-.

iv) The value of Building to be raised to Rs.1, 00,000/-.

Prepare necessary ledger accounts and the balance sheet of the Continuing Partners.

18. Tennis Club of Gulbarga was started from 1-1-2016. It’s Receipts and Payments Account

for the year ended 31-12-2016 was as follows:

Receipts Rs. Payments Rs.

To Endowment Fund Receipts

“ Donations

“ Tournament Fund

“ Life Membership Fees

“ Entrance Fees

“ Fees for Functions

“ Subscriptions

40,000

80,000

20,000

12,000

1,200

48,000

12,000

By Tournament Expenses

“ Furniture

“ Sports Equipment

“ Function Expenses:

a) Honorarium

b) Others

“ Printing

“ Rent

“ Salaries

“ Postage

“ Fixed Deposit in Bank

“ Cash Balance

15,200

25,600

50,800

28,000

8,000

2,000

4,800

14,400

600

60,000

3,800

2,13,200 2,13,200


Adjustments:

a) Expenses Outstanding: Salaries Rs.4, 800 and Printing Rs.2, 000.

b) Subscription due for 2016 Rs.8, 000.

c) Depreciation on Sports Equipment Rs.10, 000.

d) Postage Stamps on Hand Rs.80.

e) Entrance Fees and Life Membership Fees are to be capitalized.

Prepare Income and Expenditure Account and Balance Sheet as on 31-12-2016.

xxxxx


MODEL QUESTION BANK

DIPLOMA MODERN OFFICE MANAGEMENT

V Semester

Course title: APPLICATION AND PRACTICE OF FINANCIAL

ACCOUNTING – I

CO1 Calculate Interest on Partners’ Drawings, Prepare Profit and Loss Appropriation

A/c, Maintain Partners’CapitalA/cs.

Remembrance: 1. Give the meanings of Partnership 2. Write a note on Partners and Partnership Firm

Understanding: 1. Explain Profit and Loss Appropriation Account. 2. Distinguish between Fixed and Fluctuating Capital A/c.

Application: 1. The drawings of Mr.Bhanu during the year 2014 are as follows: Rs.2,000 on 31-03-2014

Rs.6,000 on 01-07-2014 Rs.4,000 on 31-08-2014

Rs.8,000 on 01-10-2014 Calculate interest on drawings of Bhanu at 12% per annum

under product method for the accounting year ended 31-12-2014.

CO2 Analyse Accounting Entries on the Admission of a Partner and prepare

necessary ledger accounts and New Balance Sheet of the Firm.

Remembrance: 2. Write a note on Admission of a Partner. 3. List the various Partnership Ratios.

Understanding: 1. State the adjustments to be made in the books of the firm on the admission of a Partner. 2. Explain revaluation of Assets and Liabilities of the firm? Why it is necessary on the admission of

a new partner?

Application:

Aras and Kumar are partners in a firm sharing profits and losses in the ratio of 2:1 with capitals

of Rs.20, 000 and Rs.10, 000 respectively. It was agreed to allow interest on their capitals at

10% p.a. Aras is entitled to an annual salary of Rs.6, 000. Their drawings during the year were

Rs.4, 000 and Rs.2, 000 respectively. The profit of the firm for the year before adjusting the

interest on capitals and partner’s salary amounted to Rs.15, 000.

Prepare (a) Profit and Loss Appropriation Account (b) Partners’ Capital Accounts under

Fluctuating Capital Method.

CO3

Analyse Accounting Entries on the Retirement of a Partner and prepare

necessary ledger accounts including loan account and New Balance Sheet of the

Firm.

Remembrance: 1. State the Methods of Valuation of Goodwill.


2. Explain the procedure of preparing retiring partners loan account.

Understanding: 1. Give any three reasons for retirement of a Partner. 2. State the adjustments to be made in the books of the firm on the retirement of a Partner

Application:

Naveen, Nuthan and Praveen were partners in a business sharing profits and losses in the ratio

of 4:3:1 respectively.

Balance sheet as on 31-12-2006


Creditors

General Reserve

Bills Payable

Capitals:

Naveen

Nuthan

Praveen

25,000

15,000

10,000

28,000

4,000

20,000

50,000

Cash at Bank

Bills Receivable

Debtors

Stock

Machinery

Furniture

Profit and Loss A/c

7,000

9,000

20,000

30,000

24,000

10,000

2,000

1,02,000 1,02,000

Nuthan retired on the above date subject to the following terms:

a) Machinery be depreciated by 5%.

b) That stock be appreciated by 10%.

c) A bad debts reserve is to be created at 5% on debtors.

d) The goodwill of the firm is to be valued at Rs.8,000 and same should be shown in the

balance sheet of the continuing partners.

e) The total capital of the new firm be fixed at Rs.50,000 between Naveen and Praveen. The

new profit sharing ratio of the remaining partners was agreed at 3:2. The capital

adjustments are to be made in cash.

Prepare: Revaluation A/c and Partners’ Capital A/cs.

CO4 Analyse Accounting Entries on the Death of a Partner and prepare deceased

partner’s executors account and New Balance Sheet of the Firm.

Remembrance: 1. Give the meaning of Executor’s account. 2. List the adjustments to be made on death of a partner.

Understanding: 1. List out the items to be considered to ascertain the amount due to the deceased partner. 2. Prepare the Deceased Partner’s Capital Account to ascertain the amount due to the

Deceased partner with imaginary items.

Application:

X, Y and Z were partners sharing profits in the ratio of 2 : 2 : 1. Their Balance Sheet on

31/12/2003was as follows:



General Reserve

Bills Payable

S.Creditors

Capital A/cs:X

Y

Z

25,000

25,000

10,000

5,000

6,000

12,000

60,000

Cash

Bills Receivable

Debtors

Stock

Furniture

Machinery

Buildings

2,000

3,000

8,000

20,000

5,000

20,000

25,000

83,000 83,000

On 1st April 2004, X died and it became necessary to ascertain the amount payable to the

deceased partner. The following matters are to be taken in to account:

a) The goodwill of the firm is to be valued at 3 years purchase of the average profits of the

last four years. The profits for the year 2000, 2001, 2002 and 2003 were Rs.7,000,

Rs.12,000, Rs.5,000 and Rs.8,000 respectively.

b) The profit till the date of death is based on the previous year’s profit.

c) Stock and Buildings to be appreciated by 10%, Machinery to be depreciated by 8% and

Reserve of 5% to be provided for doubtful debts.

Prepare the necessary ledger accounts and the balance sheet of the surviving partners.

CO5 Analyse Accounting Entries on the Dissolution of a Partnership Firm and Close

the books of the Firm.

Remembrance: 1. Write a note on dissolution of partnership firm. 2. Write a note on realization of assets and liabilities

Understanding: 1. Explain the procedure of preparing realization account. 2. Explain the procedure of settlement of parnters capital accounts on

dissolution.

Application:

17. Swetha and Sucheta were partners in a business sharing profits and losses in the ratio of 2:1

respectively. They decide to dissolve their firm on 31- 12 – 2002 when the balance sheet

appeared as under:


Capitals:

Swetha

Sucheta

Profit and Loss A/c

Creditors

20,000

40,000

6,000

14,000

Goodwill

Machinery

Patents

Investments

Stock

Debtors

Bank

8,000

20,000

10,000

4,000

24,000

12,000

2,000

80,000 80,000

Swetha agreed to take over Machinery at Rs.27,000. Sucheta agreed to take over Goodwill at

Rs.12,000 and Patents at Rs.8,000. Other assets realised thus: Investments Rs.5,000, Stock

Rs.29,000 and Debtors Rs.10,000. Creditors were paid in full. Expenses of realisation were

Rs.1,000.



C06 Prepare the Final Accounts of Non- Trading Concerns with different

adjustments.

Remembrance: 1. Explain the term non trading concern. 2. Distinguish between Capital and Revenue Incomes.

Understanding: 1. Distinguish between Profit and Loss account and Income and Expenditure Account. 2. List any five examples for Capital and Revenue expenditures.

Application:

Tennis Club of Gulbarga was started from 1-1-2009. Its Receipts and Payments Account for the

year ended 31-12-2009 was as follows:



“ Donations

“ Tournament Fund


“ Entrance Fees


“ Subscriptions

40,000

80,000

20,000

12,000

1,200

48,000

12,000


“ Furniture



a) Honorarium

b) Others

“ Printing

“ Rent

“ Salaries

“ Postage


“ Cash Balance

15,200

25,600

50,800

28,000

8,000

2,000

4,800

14,400

600

60,000

3,800

2,13,200 2,13,200

Adjustments: a) Expenses Outstanding: Salaries Rs.4,800 and Printing Rs.2,000.

b) Subscription due for 2009 Rs.8,000.

c) Depreciation on Sports Equipment Rs.10,000.


d) Postage Stamps on Hand Rs.80. Prepare Income and Expenditure Account and Balance

Sheet as on 31-12-2009.

PART A: QUESTIONS OF 5 MARKS EACH:

1. Give the meanings of Partnership, Partner and Partnership Firm.

2. Explain the following:

a) Partners’ Capital Accounts b) Partners’ Drawings Accounts

c) Partners’ Loan Accounts

3. Give the specimen of a Partner’s Current Account under Fixed Capital System with

Imaginary items

4. Give the specimen of a Partner’s Capital Account under Fluctuating Capital System

With any imaginary items

5 Explain the Profit and Loss Appropriation Account in detail?

6. Give the specimen of Profit and Loss Appropriation Account with imaginary items.

7. The drawings of Mr.Bhanu during the year 2014 are as follows:

Rs.2,000 on 31-03-2014

Rs.6,000 on 01-07-2014

Rs.4,000 on 31-08-2014

Rs.8,000 on 01-10-2014


Calculate interest on drawings of Bhanu at 12% per annum under product method for the

accounting year ended 31-12-2014.

8. Give the Meaning of admission of a New Partner along with any three reasons for admission

of a Partner.

9. Explain the Sacrifice Ratio in detail.

10. Amar and Akbar were partners sharing profits in the ratio of 2:3. They admit Anthony as a

new partner. Their new profit sharing ratio is 4:5:6. Calculate the Sacrifice Ratio of Amar and

Akbar.

11. State the adjustments to be made in the books of the firm on the admission of a Partner.

12. Narrate the meaning of revaluation of Assets and Liabilities of the firm?

13. Give the Journal Entries for revaluation of Assets and Liabilities of a firm.

14. Explain the meaning of Goodwill and state its features.

15. State any three common Methods of Valuation of Goodwill. Explain any one method.

16. Write down the meaning of retirement of a Partner and give any three reasons for retirement

of a Partner.

17. Illustrate the Gain Ratio.

18. State the adjustments to be made in the books of the firm on the retirement of a Partner.

19. P, Q & R were partners in a firm sharing profit in the ratio of 3:2:1. Q retired from the

business. P &R decided to share the profits in the ratio of 3:2 in future. Calculate the Gain Ratio

of P & R.

20. Illustrate the revaluation of Assets and Liabilities of the firm?

21. What is Dissolution of a Partnership Firm? Explain.

22. Mention any FIVE differences between dissolution of partnership and dissolution of firm

23. State any FIVE circumstances under which a firm is dissolved.

24. What is a Realization Account? Why it is prepared?

25. What is a Non-Trading Concern? Give examples.

26. Give any five features of Non-Trading Concerns. 5

27. What are the needs for Maintenance of Accounts by Non-Trading concerns?

28. Differentiate between Income and Expenditure Account and Profit and Loss Account. 29. What is a Capital Receipt? Give any three examples. 30. What is a Revenue Receipt? Give any three examples. 31. What is a Capital Expenditure? Give any three examples. 32. What is a Revenue Expenditure? Give any three examples. 33. What is a Deferred Revenue Expenditure? Give any three examples. 34. Explain the following terms used in the Accounts of Non-Trading Concerns:

(Each one can be asked for 5 Marks)


d) Entrance Fees e) Donations f) Endowment Fund

35. From the following particulars, prepare the Receipts and Payments Account of the

Mangalore Club for the year ending 31st December, 2009: 5 / 10 Marks

Cash Balance on 1st January 2009 Rs.10,000, Subscriptions received Rs.12,000, Library

Books purchased Rs.5,000, Paid for Newspapers and Journals Rs.600, Donations received

Rs.2,000, Paid for Printing and Stationery Rs.600, Paid for Rent Rs.800, Received Entrance

Fees Rs.4,000, Purchased Furniture Rs.6,000, Sale proceeds of Old Newspapers Rs.100,

Proceeds from Lectures and Concerts Rs.4,000, Paid for Lectures and Concerts Rs.2,000,

Purchased Investments Rs.4,000, Interest on Investments received Rs.200, Paid Electricity

Charges Rs.300.

36. From the following Receipts and Payments Account and other information, prepare the

Income and Expenditure Account of the Bangalore Charity Hospital for the year ended 31st

December, 2010:

5 / 10 Marks



To Balance at Bank (1-1-2010)

“ Subscriptions

“ Fees from Non-members

“ Municipal Grant

“ Donations for Building Fund

“ Interest

4,020

2,230

540

2,000

3,120

76

By Salaries of Nurses

“ Boarding, Laundry & Domestic

Help

“ Rent, Rates and Taxes

“ Furniture

“ Car Expenses

“ Medicines & other expenses

“ Balance c/d

1,312

760

400

4,000

1,680

1,340

2,494

11,986 11,986

Outstanding expenses for medicines purchased Rs.256. A donation of Rs.200 received for

Building Fund was wrongly included in Subscription.

37. From the following Statement of Receipts and Payments of the New College Union, for the

year ended 31st December, 2007, prepare an Income and Expenditure Account, taking into

consideration the adjustments given below: 5 / 10 Marks


To Balance on 1-1-2007

“ Subscription and fees

“ Sale of Furniture

“ Sale of Newspapers

“ Interest on Investments

“ Miscellaneous Receipts

668

2,224

1,000

520

90

84

By Library books purchased

“ Printing and Stationery

“ Magazine Expenses

“ Lectures and Concerts

“ Furniture Purchased

“ Sports and Games

“ Miscellaneous Expenses

“ Balance on 31-12-2007

840

160

920

570

930

350

196

620

4,586 4,586

Out of the Subscriptions, a sum of Rs.328 related to the year 2006 and Rs.72 related to the year

2008. Outstanding Subscriptions for the year 2007 amounted to Rs.190.

PART B: QUESTIONS OF 10 MARKS EACH:

1. List out the Essential Features of Partnership.

2. What is a Partnership Deed? What are the main contents of a Partnership Deed?

3. Explain the Methods of Maintaining the Capital Accounts of Partners.

4. Give Journal Entries for adjusting / recording the following items:

a) Interest on Partners’ Capitals

b) Interest on Partners’ Drawings

c) Salaries / Commission payable to Partners

d) Transfer of Interest on Capitals, Salaries / Commission to Profit and Loss

Appropriation A/c

e) Transfer of Interest on Drawings to Profit and Loss Appropriation A/c

f) Distribution of profit among the partners

g) Distribution of Loss among the partners

5.A and B are partners in a firm sharing profits and losses equally. On 1st January 2007, their

capitals were Rs.1,00,000 and Rs.60,000 respectively. Interest is to be allowed on capitals at

8% per annum. Their drawings during the year amounted to Rs.8,000 and Rs.6,000. The

interest on their drawings is to be charged at 6% per annum. A is entitled to a monthly salary of


Rs.2,000 and B is entitled to a commission of Rs.12,000. The net profit for the year 2007

before making adjustments for interest on capitals, interest on drawings, partner’s salary and

partner’s commission amounted to Rs.70, 000.

Pass Journal Entries to record the above transactions and prepare the Profit and Loss

Appropriation Account for the year ended 31st December, 2007 showing the division of profit

between the partners.

6.Aras and Kumar are partners in a firm sharing profits and losses in the ratio of 2:1 with

capitals of Rs.20,000 and Rs.10,000 respectively. It was agreed to allow interest on their

capitals at 10% p.a. Aras is entitled to an annual salary of Rs.6, 000. Their drawings during the

year were Rs.4, 000 and Rs.2, 000 respectively. The profit of the firm for the year before

adjusting the interest on capitals and partner’s salary amounted to Rs.15, 000.

Prepare (a) Profit and Loss Appropriation Account (b) Partners’ Capital Accounts under

Fluctuating Capital Method.

7.Divya and Bhavya commenced a partnership business with capitals of Rs.30, 000 and

Rs.20,000 respectively on 1st January, 2010. They agreed to share the profits and losses in the

ratio of 3:2. For the year ending 31-12-2010, they earned a profit of Rs.12, 000 before allowing

the following:

a) Interest on capitals at 5% p.a.

b) Interest on Drawings – Divya Rs.250 and Bhavya Rs.200.

c) Salary to partner Bhavya at Rs.3,000 per annum.

Their drawings during the year amounted to: Divya Rs.5,000 and Bhavya Rs.3,000

Prepare Profit and Loss Appropriation Account and Partners’ Capital Accounts under Fixed

Capital System.

8.Suhasini and Sumalatha are partners sharing profits in the ratio of 6:4. Their capitals are

Rs.20,000 and 15,000 respectively. As per the terms in the Deed of Partnership, 5% Interest is

allowable on capitals and drawings. Sumalatha is entitled to an annual salary of Rs.4,000.

During the year, Suhasini has withdrawn Rs.3,000 and Sumalatha Rs.5,000 on which the

Interest works out to Rs.200 and Rs.250 respectively. The profit for the year before the above

adjustments is Rs.30,000.

Show the Profit and Loss Appropriation Account to effect the above and also show the

Partners’ Capital Accounts under Fluctuating Capital System.

9.Preetam and Atmaram are partners sharing profits and losses in the proportions of 3:2. Their

BalanceSheet as on 31stMarch, 2008 was as follows:


Sundry Creditors

Bills Payable

Capitals:Preetam

Atmaram

30,000

20,000

6,000

2,000

50,000

Cash in hand

Bills Receivable

Sundry Debtors

Stock

Furniture

Machinery

Building

2,000

3,000

8,000

20,000

4,000

6,000

15,000

58,000 58,000


They agree to take Sanjeev into partnership, giving him 1/4th

Share. The following adjustments

are tobemade before Sanjeev's admission:

a. Stock is to be valued at Rs. 18,000.

b.Furniture is to be depreciated by 5%.

c. Machinery is to be reduced by 10%.

d. Buildings are to be valued at Rs.20,000.

e. The reserve for bad debts is to be provided at 5% on Debtors.

Give the necessary journal entries and prepare the Revaluation Account.

10. The following was the balance sheet of Harish and Girish who share profits and losses in

the ratio of 4:1 as on 31-12-2008:


Capitals:

Harish

Girish

General Reserve

Creditors

20,000

12,000

10,000

8,000

Machinery

Furniture

Stock

Debtors

Cash

24,000

5,000

14,000

6,000

1,000

50,000 50,000

On the above date, Ramesh was admitted on the following terms:

a) Ramesh to bring Rs.15,000 as his capital and Rs.3,000 as his share of goodwill for 1/5th

share of profit.

b) The goodwill amount is to be withdrawn by the old partners.

c) Machinery is to be appreciated by 20% and Stock to be depreciated by 5%.

d) A provision at 5% to be made on debtors for bad debts.

e) Furniture to be valued at Rs.6,200.

Prepare Revaluation A/c and Capital Accounts of Partners.

11. A, B and C are partners in a business sharing profits and losses in the ratio of 2:2:1.

TheirBalance sheet as on 31st December, 2010 is given below:


Capital Accounts:

A

B

C

Profit and Loss A/c

Creditors

16,000

12,000

10,000

38,000

7,000

12,500

Plant and Machinery

Stock

Debtors

Cash at Bank

Cash in Hand

19,500

16,000

15,000

6,000

1,000

57,500 57,500

‘B’ retires on 1st January, 2011on the following terms:

i) The goodwill of the firm is to be valued at Rs. 15,000.

ii) Plant and Machinery is to be depreciated by 4%.

iii) Stock is to be appreciated by 10%.

iv) Bad debts reserve is to raised against Debtors at 5% and a Discount Reserve is to be

raised against creditors at 2%.


Pass Journal Entries and Prepare Revaluation Account.

12.Naveen, NuthanandPraveenwere partners in a business sharing profits and losses in the ratio

of 4:3:1 respectively.



Creditors

General Reserve

Bills Payable

Capitals:

Naveen

Nuthan

Praveen

25,000

15,000

10,000

28,000

4,000

20,000

50,000

Cash at Bank

Bills Receivable

Debtors

Stock

Machinery

Furniture

Profit and Loss A/c

7,000

9,000

20,000

30,000

24,000

10,000

2,000

1,02,000 1,02,000

Nuthan retired on the above date subject to the following terms:

f) Machinery be depreciated by 5%.

g) That stock be appreciated by 10%.

h) A bad debts reserve is to be created at 5% on debtors.

i) The goodwill of the firm is to be valued at Rs.8,000 and same should be shown in the

balance sheet of the continuing partners.

j) The total capital of the new firm be fixed at Rs.50,000 between Naveen and Praveen. The

new profit sharing ratio of the remaining partners was agreed at 3:2. The capital

adjustments are to be made in cash.

Prepare: Revaluation A/c and Partners’ Capital A/cs.

13. List out the items to be considered to ascertain the amount due to the deceased partner.

14. Prepare the Deceased Partner’s Capital Account to ascertain the amount due to the

deceased partner with imaginary items.

15.On 31st March 2002, the Balance sheet of Rahim and Akbar stood as given below:


Bills Payable

Reserves

Capitals: Rahim

Akbar

7,000

10,000

15,000

12,000

Cash

Stock

Debtors

Machinery

4,000

10,000

10,000

20,000

44,000 44,000

On 30th

June 2002, Akbar died and the deed provides in such an event, that the executors of the

deceased shall be entitled to:

e) Share of Goodwill: Goodwill shall be estimated as two years average of last three

years’ profits. Profits for three years were 2001-02 Rs.18,000, 2000-01 Rs.24,000 and

1999-00 Rs.27,000.

f) Share in the Profit for the current year: For this purpose, the profit of 2001-02 will be

considered.

g) Share of Reserve.


h) Capital Account balance as per the last Balance sheet.

Show the account of the executors of Akbar (deceased) as on 30th

June 2002.

16. The Balance Sheet of Jayanth and Julie stood thus on31-12-2002.


Sundry Creditors

Reserve Fund

Capitals:

Jayanth

Julie

5,000

6,000

9,000

6,000

Cash at Bank

Stock

S.Debtors

Bills Receivable

Investments

2,000

12,000

5,000

2,000

5,000

26,000 26,000

The Partnership Deed provides that:

a) The accounts to be balanced as on 31st December every year.

b) The profit sharing ratio is to be 3:2.

c) In the event of death of a partner, his executors are entitled to receive:

i) The capital account balance as on the date of death.

ii) The Share of Reserve Fund.

iii) The Share of profit till the date of death based on the average profit for the last three

completed years.

iv) Share in the total of last three years’ profits as Goodwill.

The net profits for the last three years were Rs.6, 000, 6,600 and Rs.7,200 respectively.

Jayanth died on 1st April 2003. Show the account of the Executors of deceased as on 1

st

April 2003.

17.Swetha and Sucheta were partners in a business sharing profits and losses in the ratio of 2:1

respectively. They decide to dissolve their firm on 31- 12 – 2002 when the balance sheet

appeared as under:


Capitals:

Swetha

Sucheta

Profit and Loss A/c

Creditors

20,000

40,000

6,000

14,000

Goodwill

Machinery

Patents

Investments

Stock

Debtors

Bank

8,000

20,000

10,000

4,000

24,000

12,000

2,000

80,000 80,000

Swetha agreed to take over Machinery at Rs.27,000. Sucheta agreed to take over Goodwill at

Rs.12,000 and Patents at Rs.8,000. Other assets realised thus: Investments Rs.5,000, Stock

Rs.29,000 and Debtors Rs.10,000. Creditors were paid in full. Expenses of realisation were

Rs.1,000.



18. Differentiate between Trading Concerns and Non-trading Concerns.

19. What is a Receipts and Payments Account? List out its features.

20. What is an Income and Expenditure Account? List out its features.

21. Give the differences between Receipts and Payments Account and Income and

Expenditure Account. 22. State the differences between Capital Receipts and Revenue Receipts. 23. State the differences between Capital Expenditure and Revenue Expenditure 24. State the differences between Revenue Expenditure and Deferred Revenue Expenditure 25. How do you treat the following items in the Final Accounts of Non-Trading Concerns:

(Each one can be asked for 2 Marks)


d) Entrance Fees e) Donations f) Endowment Fund

g) Sale of Old Newspapers h) Sale of Old Sports Materials

i) Sale of Sports Equipment j) Purchases of Sports Materials

k) Sale of Fixed Assets or Investments l) Payment of Honorarium

26. Give the specimen of Receipts and Payments Account with any ten imaginary items.

27. Give the specimen of Income and Expenditure Account with any ten imaginary items.

28. From the information given below, prepare the Receipts and Payments Account of the

Bangalore Club for the year ending 31st December, 2008:

Rs. Rs.

Cash in Hand on 1-1-2008

Cash at Bank on 1-1-2008

Subscriptions Received

Entrance Fees

Donations

Life Membership Fees

Legacies

Grant from Government

Contributions for Dinner

Interest received

Receipts from Sports Meet

Sale of old bats, balls etc.,

Sale of old magazines & news

papers

Sundry Receipts

Upkeep of Grounds

Salaries

Rent paid

Sports Meet Expenses

3,000

9,000

24,000

6,000

10,000

6,000

20,000

16,000

20,000

1,000

12,000

2,000

1,000

2,000

4,000

8,000

6,000

14,000

Newspapers and Magazines

purchased

Municipal Taxes

Charity Given

Investments in Govt. Securities

Dinner Expenses

Bats, Balls etc., purchased

Furniture purchased

Printing and Stationery

Audit Fees

Postage and Telegrams

Sundry Expenses

Cash in Hand on 31-12-2008

Repairs and Maintenance

Water and Electricity Charges

Travelling Expenses

Bank Charges

Insurance

2,000

600

1,000

26,000

24,000

4,000

6,000

1,000

1,600

600

1,400

5,600

3,000

6,000

2,000

200

1,000

29. From the following Receipts and Payments Account of Mysore Sports Club, Mysore,

Prepare the Income and Expenditure Account for the year ended 31st December, 2010:

Receipts and Payments Account


To Balance b/d

“ Subscription: 2009

30,000

8,000

40,000

By Sports Equipment

“ Salaries

“ Office Expenses

28,000

12,000

1,600


2010

“ Donations

“ Entrance Fees

4,000

8,000

“ Electricity Charges

“ Telephone Charges

“ Balance c/d

2,400

2,400

43,600

90,000 90,000

Other Information:

a) Subscription of Rs.4,000 of 2010 was received in 2009.

b) Outstanding subscription for 2010 is Rs.6,000.

c) Outstanding salaries for 2010 is Rs.4,000.

d) Entrance Fees are to be treated as capital receipts.

e) Provide depreciation on Sports Equipment at 10%.

30. From the following particulars, prepare: 10 / 15 Marks

a) Receipts and Payments Account

b) Income and Expenditure Account of Bangalore Club for the year ended 31st March, 2010.

Rs.

Cash on Hand and at Bank on 01-04-2009

On 31-03-2010

Subscription Received for 2008-2009

2009-2010

Due for 2009-2010

Receipt from Room Hiring

Tennis Court Receipt

Refreshment Room Receipts

Salaries paid

Repairs

Printing and Stationery (including Rs.600 for previous year)

Wages

Gas and Fuel

Rent, Rates and Taxes

1,800

10,000

2,000

18,000

3,000

1,000

6,000

12,500

4,800

1,200

8,500

6,800

4,000

6,000

Salary of Rs.400 is due and Rent, Rates and Taxes of Rs.1,500 is outstanding.

PART C: QUESTIONS OF 15 MARKS EACH:

1. Abhi and Shashank are partners sharing profits and losses in the ratio of 2:1. Their Balance

Sheet as on 31st

December, 2011 was as follows:


Creditors

Bills Payable

Reserve Fund

Capitals:Abhi

Shashank

20,000

20,000

12,000

8,000

9,000

40,000

Cash at Bank

Debtors

Stock

Furniture

Building

10,000

5,000

10,000

4,000

40,000

69,000 69,000

They admit Suhas into Partnershiip giving him 1/5th

share in the future profits on the following

terms:

a) The new partner should bring Rs.25,000 as his capital and Rs.9,000 as Goodwill.


b) The value of building is to be appreciated by Rs.7,000.

c) The furniture is to be depreciated by Rs.900.

d) The stock is to be depreciated by 10%.

Prepare:

a) Revaluation A/c b) Partners’ Capital Accounts c) Balance Sheet of the new firm.

2. Moon and Sun are partners sharing profits and losses equally. The Balance Sheet of the firm

as on 31st

December, 2010 was as under:


Capitals:

Moon

Sun

General Reserve

Sundry Creditors

Bank Loan

60,000

40,000

1,00,000

10,000

30,000

5,000

Buildings

Furniture

Stock

Debtors

Cash in Hand

60,000

10,000

15,000

10,000

50,000

1,45,000 1,45,000

On 1st January, 2011, Sunil was admitted as partner for 1/5

th share subject to the following

terms and conditions:

a) Buildings are to be valued at Rs.80,000.

b) Values of Furniture and Stock be reduced by 10%.

c) Goodwill is to be created at Rs.10,000.

d) Sunil is to bring Rs.20,000 as his share of capital.

e) Provision for bad debts to be provided at Rs.1,000.

Prepare: Revaluation A/c , Partners’ Capital Accounts, Goodwill A/c and the Balance Sheet

of the new firm.

3. Abdul and Basheerwere partners sharing profits in the ratio of 5:3. The following was their

Balance Sheet as on 1.4.1990:


Abdul’s Capital

Basheer’s Capital

Creditors

B / P

1,50,000

1,00,000

90,000

60,000

Buildings

Machinery

Stock

Debtors

Less: Provision

Cash

45,000

3,000

2,00,000

70,000

78,000

42,000

10,000

4,00,000 4,00,000

They admit ‘Kapil’ into partnership on the following terms:

a) The new profit sharing ratio is to be 2:1:1.

b) Kapil has to bring Rs.2,00,000 as his capital.


c) The Goodwill of the firm is to be valued at 2 years purchase of the average of the last three

years’ profits. The profits were: Rs.72,000 : Rs.90,000 : Rs.78,000 respectively.

d) Provision for doubtful debts on debtors is to be increased to Rs.5,000.

e) Buildings, Machinery and Stock are to be valued at Rs.2,50,000; Rs.80,000 and Rs.60,000

respectively.

f) The Goodwill are to be written off in full.

Pass Journal Entries and show the Revaluation A/c and Partners’ Capital Accounts. 15

4. The following is the Balance Sheet of Muzy and Nadeem who share profits in the ratio of

3:2 as on 1st January, 1998:


Sundry Creditors

Profit and Loss A/c

Muzy’sCapital

Nadeem’s Capital

12,000

3,000

20,000

25,000

Buildings

Plant and Machinery

Stock

Debtors

Bank

18,000

15,000

12,000

10,000

5,000

60,000 60,000

On this date, Zareen was admitted on the following terms:

a) She is to pay Rs.25,000 as her capital for th share of profits.

b) Goodwill A/c is to be raised at full value of Rs.50,000.

c) The Goodwill A/c is to be written off in full.

d) The new profit sharing ratio will be 5:3:2.

e) The assets are to be revalued as under:

Buildings Rs.25,000, Plant and Machinery Rs.12,000, and Debtors Rs.9,500.

f) There was a liability for Rs.1,500 for goods received but not recorded in the books

Prepare Revaluation A/c, Partners’ Capital Accounts and the new B/ S of the firm.

5. Mamatha and Asha are partners. They share profits and losser in the ratio of 2:1. Their

balance sheet stood thus on 31-03-03:


Reserves

Creditors

Capitals:

Mamatha

Asha

30,000

8,000

40,000

20,000

Bank

Debtors

Stock

Furniture

28,000

20,000

16,000

34,000

98,000 98,000

They admit Chaitra into Partnership on 01-04-03 and for this purpose:

a) Chaitra to bring Rs.20,000 for a fifth share.

b) The firms’ Goodwill is valued at Rs.30,000.


c) Stock to be depreciated by 10% and furniture to be appreciated by 10%.

Prepare Ledger Accounts and Balance Sheet of the new firm.

6.Rajesh and Ramesh are partners sharing profits and losses in the ratio of 2:1. Their balance

sheet as on 31.12.2005 was as follows:

Balance sheet as on 31 – 12 - 2005


Creditors

Bank Loan

Reserves

Profit and Loss A/c

Capitals:

Rajesh

Ramesh

50,000

20,400

15,000

15,000

90,000

70,000

Cash

Vehicles

Bills Receivables

Debtors

Less; Reserve

Stock

Furniture

Machinery

70,000

4,000

2,400

30,000

20,000

66,000

62,000

20,000

60,000

2,60,400 2,60,400

Kiran is admitted into Partnership on the following terms:

a) He should bring Rs.80,000 as Capital for fourth share and Rs.30,000 towards Goodwill.

b) Goodwill is withdrawn by the old partners.

c) Machinery is depreciated by 10%.

d) Furniture is written down by Rs.2,000.

e) Increase RBD by Rs.2,400.

f) An amount of Rs.4,400 due to a creditor is not likely to arise and hence, to be written off.

Prepare: (i) Revaluation Account, (ii) Partners’ Capital Accounts and,

(iii) New Balance Sheet of the firm.

7.Shobha, DharitriandNavyawere partners sharing profits and losses in the ratio of 3:2:1.

TheirBalance sheet on 31-03-2002stood as given below:


Bills Payable

Reserve Fund

Capitals:

Shobha

Dharitri

Navya

31,000

15,000

40,000

36,000

28,000

Bank

Debtors

Less: Reserve

Stock

Furniture

Building

16,000

1,000

15,000

15,000

20,000

20,000

80,000

1,50,000 1,50,000

‘Navya’ retired on the above date and following adjustments are necessary for the purpose:

i) The goodwill of the firm is to be taken at Rs. 21,000/- which however need not be shown in

the books.

ii) Stock and Furniture to be reduced by 15%.

iii) Reserve for doubtful debts to be increased to Rs.3,000/-.

iv) The value of Buildingto be raised to Rs.1,00,000/-.


Prepare necessary ledger accounts and the balance sheet of the continuing partners.

8.Pramod, RashmiandDivyawere partners sharing profits and losses in the ratio of 2:2:1.

TheirBalance sheet on 31-12-2002appeared asunder:


Capitals:

Pramod

Rashmi

Divya

Reserve Fund

Creditors

40,000

30,000

25,000

12,000

33,000

Goodwill

Furniture

Stock

Debtors

Less: Reserve

Cash at Bank

18,000

1,000

18,000

12,000

30,000

17,000

63,000

1,40,000 1,40,000

On the above date, ‘Rashmi’ retired on the following terms:

a) That the goodwill of the firm is to be valued at average profit of last three years’ profits.

The profits for the last three years were: Rs.20,000, 24,000 and 22,000 respectively.

b) Furniture to be appreciated by 30% and Stock to be depreciated by 10%.

c) Reserve for bad and doubtful debts to be maintained at 10% of debtors.

d) Half of the amount due to the retiring partner to be paid immediately and the balance be

transferred to his loan account.

Prepare necessary ledger accounts and the balance sheet of the continuing partners.

9.The balance sheet of Sachin, GangulyandDravid who are sharing profits and losses in the

ratio of 2:2:1 respectively was as follows on 31.12.2008



Creditors

Bills Payable

Reserves

Capitals:

Sachin

Ganguly

Dravid

25,000

12,800

9,000

80,000

50,000

40,000

Bank

Bills Receivable

Book Debts

Stock

Furniture

Plant & Machinery

Land & Building

Loose Tools

26,300

30,400

35,600

44,600

7,000

19,500

48,000

5,400

2,16,800 2,16,800

Ganguly retires from the business on 01.01.2009 and the following adjustments are to be

made in the books of accounts:

a) Depreciation on furniture to be made at 10%.

b) Plant and Machinery to be revalued at Rs.18,000.

c) Provide RBD on Debtors at 5%.

d) Appreciate Land and buildings by 10%.

e) Goodwill to be valued equal to the retiring partner’s share of Rs.12,000 and to be written

off.

f) Ganguly to be paid Rs.5,928 in cash on retirement and the balance is to be paid in three

equal annual instalments with interest at 5% p.a.,

Show the Revaluation Account, Partners’ Capital Accounts and the Loan A/c of Ganguly till it

is finally closed.


10.X, Y and Z were partners sharing profits in the ratio of 2 : 2 : 1. Their Balance Sheet on

31/12/2003was as follows:


General Reserve

Bills Payable

S.Creditors

Capital A/cs:X

Y

Z

25,000

25,000

10,000

5,000

6,000

12,000

60,000

Cash

Bills Receivable

Debtors

Stock

Furniture

Machinery

Buildings

2,000

3,000

8,000

20,000

5,000

20,000

25,000

83,000 83,000

On 1st April 2004, X died and it became necessary to ascertain the amount payable to the

deceased partner. The following matters are to be taken in to acccount:

d) The goodwill of the firm is to be valued at 3 years purchase of the average profits of the

last four years. The profits for the year 2000, 2001, 2002 and 2003 were Rs.7,000,

Rs.12,000, Rs.5,000 and Rs.8,000 respectively.

e) The profit till the date of death is based on the previous year’s profit.

f) Stock and Buildings to be appreciated by 10% , Machinery to be depreciated by 8% and

Reserve of 5% to be provided for doubtful debts.

Prepare the necessary ledger accounts and the balance sheet of the surviving partners.

11.Raju, Hari and Ananth were partners sharing profits in the ratio of 5 : 3 : 2. Their Balance

Sheet as on 31/12/2010is as follows:


Capitals: Raju

Hari

Ananth

Creditors

Bills Payable

Reserve

P/ L A/c

26,000

20,000

18,000

38,000

28,000

15,000

12,000

Cash

Stock

Debtors

Investments

Furniture

B/R

Goodwill

12,400

36,800

34,000

28,000

14,000

21,800

10,000

1,57,000 1,57,000

Ananth died on 30 – 04 -2011. Profits of the deceased partner to the date of death to be calculated

on the basis of the average of the three preceding years.

The goodwill of the firm is to be taken at 2 years purchase of the average profits of the

preceding four years.The profits for the past 4 years were:

Rs.

2007 6,800

2008 3,600

2009 4,200

2010 3,600

Bad debts Rs.2,000, Reserve for Doubtful Debts 5%, Depreciate Stock by 5% and Furniture by

15%. Appreciate Investments by10%, Prepaid Rent amounted to Rs. 400.

Prepare Revaluation Account and Capital Accounts of the Partners.


12.‘Good’ and ‘Bad’ were partners in a firm sharing profits and losses in the ratio of 4:3. Their

balance sheet stood as below when they dissolve the firm:

Balance Sheet


Good’s Capital

Bad’s Capital

Reserve

Creditors

14,000

10,000

7,000

6,000

Bank

Debtors

Less: RBD

Machinery

Buildings

14,800

800

4,600

14,000

10,000

8,400

37,000 37,000

Assets realised as under:

Debtors Rs.13,600 Machinery Rs. 9,500

Buildings Rs. 8,000 Creditors were paid Rs.5,410

The dissolution expenses Rs.200

Prepare the Realization A/c, Capital A/Cs of Partners and the Bank A/c.

13.Archana, Babitha and Chaya who share profits and losses in the ratio of 2:1:1 decide to

dissolve their firm on 31- 03 – 03. Their balance sheet appeared as under:


Sundry Creditors

Bills Payable

Reserve Fund

Capitals:

Archana

Babitha

Chaya

60,000

40,000

40,000

1,00,000

60,000

40,000

Cash in Hand

Cash at Bank

Debtors

Less: RBD

Motor Car

Investments

Furniture

Machinery

Buildings

50,000

2,000

5,000

25,000

48,000

40,000

30,000

27,000

40,000

1,25,000

3,40,000 3,40,000

Archana took over Machinery at Rs.45,000. Babitha took over Investments at Rs.25,000 and

Chaya took over Furniture at book value. Debtors realised 10% less. Buildings fetched

Rs.1,50,000 but Motor Car had to be sold at 15% less of book value. Creditors and Bills

Payable were settled at 10% discount. Realisation Expenses were Rs.5,000.

Prepare necessary ledger accounts to close the books of the firm.

14. Tennis Club of Gulbarga was started from 1-1-2009. Its Receipts and Payments Account

for the year ended 31-12-2009 was as follows:



“ Donations

“ Tournament Fund


40,000

80,000

20,000

12,000


“ Furniture



15,200

25,600

50,800


“ Entrance Fees


“ Subscriptions

1,200

48,000

12,000

c) Honorarium

d) Others

“ Printing

“ Rent

“ Salaries

“ Postage


“ Cash Balance

28,000

8,000

2,000

4,800

14,400

600

60,000

3,800

2,13,200 2,13,200

Adjustments:

a) Expenses Outstanding: Salaries Rs.4,800 and Printing Rs.2,000.

b) Subscription due for 2009 Rs.8,000.

c) Depreciation on Sports Equipment Rs.10,000.


Prepare d) Postage Stamps on Hand Rs.80.

Income and Expenditure Account and Balance Sheet as on 31-12-2009.

15. The Receipts and Payments Account for the year ending 31-12-2012 of Indian Sports Club

is given below:


To Balance b/d

“ Entrance Fees

“ Donations

“ Tournament Receipts

“ Subscription


14,000

10,000

7,000

4,000

9,000

6,000

By Furniture

“ Game Expenses

“ Sports Materials

“ Subscription to Newspapers

“ Electricity Charges

“ Rent

“ Balance c/d

4,000

8,000

16,000

2,000

1,000

3,000

16,000

50,000 50,000

Other Information:

a)Other Balances on 1-1-2012:Building Rs.40,000, Furniture Rs.10,000, Sports Materials

Rs.12,000, Outstanding Subscription for the year 2011 Rs.2,000, Rent due for the year 2011

Rs.1,000.

b) 50% of Entrance Fees are to be capitalized.

c) Depreciate Building by 10%.

d) Sports Materials are to be depreciated by Rs.2,000.

e) Subscription due for the year 2012 Rs.1,000.

Prepare the Balance Sheet as on 1-1-2012, Income and Expenditure Account and the Balance

Sheet as on 31-12-2012.

16.The following is the summary of cash transactions of Kolar Club for the year ended 31st

December, 2009:


To Balance b/d

“ Entrance Fees

“ Subscriptions

“ Donations


319

255

1,600

165

250

By Rent

“ Wages

“ Lighting

“ Lecture Fees

“ Books

168

245

72

435

213


“ Interest

“ Profit on Entertainment

14

42

“ Office Expenses

“ Fixed Deposit

“ Balance c/d

450

800

262

2,645 2,645

In the beginning of the year the Club possessed Books worth Rs.2,000 and Furniture worth

Rs.850. Subscriptions in arrears at the beginning of the year amounted to Rs.35 and at the end

of the year Rs.45. Six months Rent of Rs.60 was due both at the beginning of the year and at

the end of the year. The Capital Fund at the beginning of the year was Rs.3,144.

Prepare the Income and Expenditure Account of the Club for the year ended 31st December,

2009 and its Balance Sheet as on that date after writing off Rs.50 and Rs.113 on Furniture and

Books respectively.

17.Following is the Balance Sheet and the Receipts and Payments Account of Jayaprakash

College Association:Balance Sheet as on 1-1-2012

Liabilities Rs. Assets Rs.

Capital Fund

Subscription Received in

Advance

Outstanding Expenses

Loan

33,620

600

1,400

5,000

Building

Subscription Outstanding

Outstanding Rent

Cash in Hand

30,000

380

240

10,000

40,620 40,620

Receipts and Payments Account for the year ending 31st December, 2012


To Balance (1-1-2012)

“ Subscription 2011 Rs. 200

2012 2,100

2013 150

“ Entrance Fee

“ Rent

“ Income from Refreshments

10,000

2,450

800

700

4,000

By Office Expenses 2011 Rs. 1,200

2012 2,000

“ Leasehold Land

“ Interest

“ Refreshment Expenses

“ Balance as on 31-12-2012

3,200

4,000

400

2,000

8,350

17,950 17,950

Adjustments:

a) Expenses due but not paid Rs.500.

b) Subscription due but not received Rs.100.

c) Interest due but not paid Rs.200.

d) Depreciation on Building Rs.2, 000.

e) Half of the Entrance Fee is to be capitalized.

Prepare:

a) Income and Expenditure Account for the year ended 31st December, 2012.

b) Balance Sheet as on that date.

Note: These are only examples. The paper setter has to give similar questions within

the syllabus.

Directorate Of Technical Education Karnataka State Page 1

Course Title: ELEMENTS OF MANAGEMENT ACCOUNTING

Credits (L:T:P) : 4:0:0 Total Contact Hours: 52 Course Code: 15MM52T



PREREQUISITES: Basic Knowledge of Accounting.

At the end of the Course, the students shall be able to:

1) Discover the utility and scope of Management Accounting

2) Illustrate the Method of Computing different types of Ratios and the Preparation of Balance

Sheet.

3) Illustrate the Method of Preparing the Funds Flow Statement in the prescribed format.

4) Illustrate the Method of Preparing the Cash Flow Statement in the prescribed format.

5) Illustrate the Method of Calculating Contribution, P/V Ratio, Break Even Point and the Margin

of Safety from the given information.

6) Illustrate the Method of Preparing the Flexible Budget and the Cash Budget. At the end of the Course, the students should be able to:

COURSE OUTCOME CL Linked

PO

Teaching

Hours

CO1 Conceptualize the framework of

Management Accounting U/A 1,2,3,9 08 Hours

CO2 Ascertain the different Ratios and be

able to prepare the Balance Sheet. A 1,2,4,9 08 Hours

CO3 Enumerate the Method of Preparing

the Funds Flow Statement. A 1,2,4,9, 08 Hours

CO4 Enumerate the Method of Preparing

the Cash Flow Statement. U/A 1,2 08 Hours

CO5 Calculation of Contribution, P/V

Ratio, Break Even Point and the

Margin of Safety. A 1,2,6 10 Hours

CO6 Prepare the Flexible and Cash

Budgets in the prescribed format. A 1,2,6 10 Hours

COURSE WITH PROGRAM OUTCOMES LEVEL MAPPING:

COURSE PROGRAMME OUTCOMES

1 2 3 4 5 6 7 8 9 10

Elements of

Management

Accounting 3 3 1 3 1 1 2 1 3 0


COURSE CONTENT AND BLUE PRINT OF MARKS FOR SEE:

Unit

No

Unit Name Hour

Questions to

be set for

(5marks)

PART - A

Questions

to be set

for

(10marks)

PART - B

Marks

weight

age

(%)

R U A R U A

1

INTRODUCTION OF

MANAGEMENT

ACCOUNTING 06 -

01 -

- - 01

10.34

2 RATIO ANALYSIS 10 - 01 01

- - 02

20.69

3 FUNDS FLOW ANALYSIS 09 01 01 -

- - 02

20.69

4 CASH FLOW ANALYSIS 09 - 01 -

- - 02

17.24

5

MARGINAL COSTING AND

COST-VOLUME-PROFIT

ANALYSIS 09 01

- - -

01 01 17.24

6 BUDGETS AND BUDGETARY

CONTROL 06 -

01 01- -

- 01 13.80

INTERNAL ASSESSMENT TESTS 03 03 05 02 01 09

Total 52 09(45 Marks) 10 (100

Marks) 100.00

UNIT 1: INTRODUCTION OF MANAGEMENT ACCOUNTING:

Meaning – Functions – Advantages – Limitations – Scope of Management Accounting – Installation

of Management Accounting System – Tools of Management Accounting – Management Accounting

versus Financial Accounting. 6 Hours

UNIT 2: RATIO ANALYSIS:

Meaning - Merits – Limitations of Ratio Analysis – Interested Parties in Ratio Analysis–

Classifications of Ratios – Simple Problems on Ratios Analysis.

10 Hours

UNIT 3: FUNDS FLOW ANALYSIS:

Meaning – Uses and Limitations of Funds Flow Statement – Preparation of funds Flow Statement –

Principle Sources of Funds – Possible Uses (Applications of Funds) of Funds – Techniques of Funds

Flow Statement – Schedule of Changes in Working Capital – Statement of Sources and Uses of Fund

– Simple Problems on Preparation of Funds Flow Statement.

9 Hours

UNIT 4: CASH FLOW ANALYSIS:

Meaning – Uses – Limitations of Cash Flow Statement – Cash Flow Statement versus Funds Flow

Statement – Preparation of Cash Flow Statement – Techniques of Cash Flow Statement – Items of

Cash Flows (Sources) – Items of Cash Out Flows (Uses) – Simple Problems on Preparation of Cash

Flow Statement. 9 Hours


UNIT 5: MARGINAL COSTING AND COST-VOLUME-PROFIT ANALYSIS.

Meaning – Features – Merits – Demerits of Marginal Costing – Concept – Importance of Cost –

Volume - Profit Analysis - The Concepts of Contribution, Break Even Point, Profit Volume Ratio

Margin of Safety – Simple Problems on Marginal Costing and Cost-Volume-Profit Analysis.

9 Hours

UNIT 6: BUDGETS AND BUDGETARY CONTROL:

Meaning of Budget and Budgetary Control – Classification of Budgets – Simple Problems on

Preparation of Flexible Budget and Cash Budget only.

6 Hours

TEXT BOOKS FOR REFERENCES:

1. Mangaement Accounting by R.S.N.Pillai & Bagavathi.V – S.Chand & Company

Ltd.

2. Accounting for Management by N.P.Srinivasan & M.Sakthivel Murugan –

S.Chand & Company Ltd.

3. Essentials of Management Accounting by Dr.P.N.Reddy & H.R.Appannaiah.

4. Strategic Management Accounting: Theory and Practice by Kumar - Cengage

Learning

5. Management Accounting by S.P.Gupta – Sahitya Bhavan. Agra.

6. Management Accounting – M Muniraj & K Ramachandar – Himalaya Publishers.

7. Financial Management – Reddy, Appannaiah and Satya Prasad

8. Management Accounting – Appannaiah, Reddy and Mukund Sharma – Himalaya

Publishers

9. Advance Financial Management – B.G.Sathya Prasad and G.A Raghu – Himalaya

Publishers.

10. Financial Accounting – S.Anil Kumar, V.Rajesh Kumar and B.Mariyappa.

E - REFERENCES:

1. https://en.wikipedia.org/wiki/Management_accounting 2. classes.bus.oregonstate.edu/spring.../Management%20Accounting%20Chapter%201.

3. www.icai.org/post.html?post_id=5837

SUGGESTED LIST OF STUDENT ACTIVITY:

* SKILL DEVELOPMENT ACTIVITY:

At the End of the Coverage of the Syllabus in this particular Subject, a ‘SKILL

DEVELOPMENT ACTIVITY’ is to be conducted under the following Topics related by the

concerned Teaching Faculty to assess and to award the FIVE assignment marks to the Students

for any TWO out of Five Activities of the Skill Development in evaluation mentioned herein

below:

a) Conversion of the given ratios into amounts and preparation of the Balance Sheet.

b) Preparation of Specimen of Funds flow Statement using imaginary data and Figures.

c) Preparation of Cash flow Statement using imaginary Data and Figures.

d) Calculation of different components of Marginal Costing using imaginary data and Figures.

e) Preparation of Flexible Budget for different capacities and Cash Budget for different periods


using imaginary data and figures.

Course Delivery: The course will be delivered through lectures and Power point presentations/

Video




1 Developing

2 Satisfactory

3 Good

4

Exemplary 5

Score

Collection of

data

Does not

collect any

information

relating to the

topic

Collects

very limited

information;

some relate

to the topic

Collects

some basic

information;

refer to the

topic

Collects

relevant

information;

concerned

to the topic

Collects a

great deal of

information;

all refer to

the topic

3

Fulfill team’s

roles & duties

Does not

perform any

duties assigned

to the team

role

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties

Performs all

duties of

assigned

team roles

with

presentation

4

Shares work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually

does the

assigned

work; rarely

needs

reminding

Does the

assigned job

without

having to be

reminded.

Always

does the

assigned

work

without

having to be

reminded

and on

given time

frame

3

Listen to

other Team

mates

Is always

talking; never

allows anyone

else to speak

Usually

does most

of the

talking;

rarely

allows

others to

speak

Listens, but

sometimes

talk too

much

Listens and

contributes

to the

relevant

topic

Listens and

contributes

precisely to

the relevant

topic and

exhibit

leadership

qualities

3

TOTAL

13/4=

3.25=

4



COURSE ASSESSMENT AND EVALUATION

Note: I.A. test shall be conducted for 20 marks. Average marks of three tests shall be rounded off

to the next higher digit.


semester




Assessment Methods.

The Course will be Delivered Through Lectures, Class Room Interaction, Exercises and

Self Study Cases.

What

To

Whom

When/Where

(Frequency in

the Course)

Max.

Marks

(Theory)

Evidence

CO’s

Mapped

Direct

Assessment

Method

CIE

IA Test

ST

UD

EN

TS

3 Tests

(Average of 3

tests will be

Taken)


Assignment

Assignment

Report 05 *Assign

ments 1 – 6

Total 25

SEE End Exam End of Course 100 Answer Script 1 – 6

Indirect

Assessment

Method


Course

-NA-

Feed Back

Forms

1 – 6 delivery

of the Course

End of Course


Effectiveness of

delivery of

Instruction and

assessment methods



Test/Date and


Max

Marks

Ex: I test/6 th

weak

of Sem 10-11 Am

V SEM

ELEMENTS OF

MANAGEMENT

ACCOUNTING 20


Name of Course coordinator : Units:1,2 Co: 1,2


Question


1 Define Management Accounting and Explain its Functions R 1 1,2

2

Write down the Limitations of Ratio Analysis?

OR

Identify the various Types of Ratios.

A 1 1,2

3 Explain the Advantages and Limitations of Funds Flow Statement. A 2 1,2

4

List out the Merits and Demerits of Marginal Costing.

OR

Explain the Meaning of the terms ‘Budget’ and ’Budgetary

Control’.

U 2 1,2


semester




Assessment Methods.





15MM52T - ELEMENTS OF MANAGEMENT ACCOUNTING

Time: 3 Hours Max. Marks: 100



2) Part – B. Answer any FOUR questions from a set of 6 Questions.


3) Part – C. Answer any TWO questions from a set of 3 Questions.


PART – ‘A’

(Answer any SIX Questions from this Section) 6 x 5 = 30

1. Explain any five Limitations of Management Accounting.

2. Write down the Limitations of Ratio Analysis.

3. Write a short note on Profitability Ratios’.

4. Distinguish between funds flow statement and cash flow statement.

5. List out the Limitations of Funds flow statement

6. Explain the meaning of Cash Flow Statement.

7. State the Merits of Marginal Costing.

8. Explain the Meaning of the terms of Budget and Budgetary Control.

9. Explain the meaning of Break Even Point and the Margin of Safety.

PART – B

(Answer any FOUR Questions from this Section) 10 x 4 = 40

10. On the basis of following information, calculate:

(a) Gross Profit Ratio (b) Working Capital Turnover Ration

(c) Debt-Equity Ratio

Particulars Rs.

Net Sales

Cost of Goods Sold

Current Assets

Current Liabilities

Paid up Share Capital

Debentures

Loan

30,00,000

20,00,000

6,00,000

2,00,000

5,00,000

2,50,000

1,25,000

10 Marks 11. The Capital Structure of Madhu Company Limited. is as follows:


Equity shares of Rs.10 each Rs. 800000

9% Preference shares of Rs.10 each Rs. 300000

Profit after Tax Rs. 270000

Market price of equity shares Rs.40 each.

You are required to calculate,

i) Dividend yield on equity shares.

ii) Earnings per equity share.

iii) Price Earnings ratio.

12. The following are the summarized profit and loss account of Sada company for the year

ending December 31, 2014 and the balance sheet as on that date.

Profit and Loss Account

Particulars Rs. Particulars Rs.

To Opening Stock

To Purchases

To Incidental Expenses

To Gross Profit

9,900

54,525

1,425

34,000

By Sales

By Closing Stock

85,000

14,000

99,900 99,900

To Operating Expenses:

Selling & Distribution Rs. 3,000

Administration Rs.15,000

Finance Rs.1,500

To Non-operating expenses:

Loss on sale of assets

To Net Profit

19,500

400

15,000

By Gross Profit

By Non-operating Income:

Interest Rs.300

Profit on sale of shares Rs.600

34,000

900

34,900 34,900

Balance Sheet


Issued capital:

2000Equity shares of Rs.10 each

Reserves

Current Liabilities

Profit and Loss A/c

20,000

9,000

13,000

6,000

Land and Building

Plant & Machinery

Stock in trade

Sundry Debtors

Cash and Bank balances

15,000

8,000

14,900

7,100

3,000

48,000 48,000

You are required to calculate:

i) Current Ratio

ii) Operating Ratio


iii) Stock Turnover Ratio.

iv) Turnover of Fixed Assets.

13. Arun company reported current profit is Rs. 10,00,000 after incorporating the following.

Prepare Funds from Operation

Particulars Amount

Discount on issue of Debentures

Depreciation on Land and Machinery

Amortization of Goodwill

Interim Dividend

Depletion of natural resources

Gain from sale of investments

Transfer to General reserve

Provision for Taxation

Preliminary Expenses

4,000

40,000

50,000

45,000

20,000

60,000

8,000

22,000

2,000

14. From the following Balance Sheets of a Company, prepare a Statement

Showing the Changes in Working Capital.

BALANCE SHEETS

LIABILITIES 2008

Rs.

2009

Rs. ASSETS

2008

Rs.

2009

Rs.

Creditors

Capital

Profit & Loss A/c

7,000

20,000.

1,000

4,500

25,000

2,300

Cash

Debtors

Land

Stock

3,000

12,000

5,000

8,000

4,700

11,500

6,600

9,000

28,000 31,800 28,000 31,800

15. From the following Balances, you are required to Calculate Cash from Business Operations:

PARTICULARS 31.12.2008

Rs.

31.12.2009

Rs.

Debtors

Bills Receivable

Creditors

Expenses Outstanding

Expenses Prepaid

Accrued Income

Income Received in Advance

Net Profit Made

Bills Payable.

50,000

10,000

20,000

1,000

800

600

300

-

8,000

47,000

12,500

25,000

1,200

700

750

250

1,30,000

6,000


PART – ‘C’

(Answer any TWO Questions from this Section) 15 x 2 = 30

16. Prepare a Flexible Budget for Overheads on the basis of the following data. Ascertain the

Overhead Rates at 70 % and 90% capacity.

Particulars of Cost

At 80 %

Capacity

Rs.

Variable Overheads:

Indirect Labour

Stores including Spares

Semi-variable Overhead:

Power (30 % Fixed, 70% Variable)

Repairs and Maintenance

(60 % Fixed and 40 % Variable)

Fixed Overheads:

Depreciation

Insurance

Salaries

Total Overheads

Estimated Direct Labour Hours

12,000

4,000

20,000

2,000

11,000

3,000

10,000

62,000

1,24,000

15 Marks 17. Dr.Aras & Kumar Company Limited shows the following Results for Two Years:

Year Sales (Rs) Profit (Rs)

2008 1,50,000 20,000

2009 1,70,000 45,000

From the above, you are required to calculate the following:

(a) Profit-volume Ratio (P/V Ratio).

(b) Break Even Point (BEP).

(c) Sales required to earn a Profit of Rs. 40,000.

(d) Margin of Safety at a Profit of Rs. 50,000.

(e) Profit when Sales are Rs. 2, 50,000.

15 Marks

18. From the following information, prepare a summarized Balance Sheet as on 31st

December 2009 with as many details as possible:

Working Capital : Rs. 75,000

Reserves and Surplus : Rs. 1, 00,000

Bank Overdraft : Rs. 60,000

Current Ratio : 1.75

Liquid Ratio : 1.15

Fixed Assets to Proprietary Funds Ratio : 0.75

There is no Long term Loans nor any Investments in Fictitious Assets.

15 Marks


MODEL QUESTION BANK


V Semester

Course title: ELEMENTS OF MANAGEMENT ACCOUNTING

CO1:

REMEMBERING: 1. Briefly describe the Scope of Management Accounting.

UNDERSTANDING: 1. Explain the Functions of Management Accounting.

APPLICATION: 1. Explain the Functions of Management Accounting.

2. Describe the difference between Management Accounting

and Financial Accounting.

CO2

REMEMBERING: 1. Explain the meaning of Ratios.

UNDERSTANDING: 1. Write a short note on Profitability Ratio’s.

APPLICATION: 1. Explain the classification of Liquidity and Solvency Ratios.

2. Explain the different classification of Ratio Analysis.

3. The following extracts of Financial information relate to Jyotsna Ltd.

Balance Sheet

As on 31-12-2014


Share Capital

Reserves & Surplus

Loan

Current Liabilities

10,00,000

30,00,000

60,00,000

30,00,000

Fixed Assets

Stock

Debtors

Cash and Bank balances

Other Current Assets

30,00,000

30,00,000

30,00,000

10,00,000

30,00,000

1,30,00,000 1,30,00,000

Sales is Rs.2,80,00,000

Calculate from the followings:

a) Debt-Equity Ratio

b) Quick Ratio

c) Working Capital Turnover Ratio


CO3:

REMEMBERING: 1. List out any five items of Sources and Applications of Funds.

UNDERSTANDING: 1. What is Fund Flow Statement? List out the Limitations of Fund

Flow Statement.

APPLICATION:1. Arun company reported current profit is Rs. 10,00,000 after incorporating

the following.

Prepare Funds from Operation

Particulars Amount

Discount on issue of Debentures

Depreciation on Land and Machinery

Amortization of Goodwill

Interim Dividend

Depletion of natural resources

Gain from sale of investments

Transfer to General reserve

Provision for Taxation

Preliminary Expenses

4,000

40,000

50,000

45,000

20,000

60,000

8,000

22,000

2,000

2. From the following Balance Sheets of a Company, prepare a Statement

Showing the Changes in Working Capital.

BALANCE SHEETS

LIABILITIES 2008

Rs.

2009

Rs. ASSETS

2008

Rs.

2009

Rs.

Creditors

Capital

Profit & Loss A/c

7,000

20,000.

1,000

4,500

25,000

2,300

Cash

Debtors

Land

Stock

3,000

12,000

5,000

8,000

4,700

11,500

6,600

9,000

28,000 31,800 28,000 31,800

CO4:

REMEMBERING: 1. Narrate the meaning and explain the Cash Flow Statement.

UNDERSTANDING: 1. Distinguish between Cash Flow Statement and Funds Flow

Statement.

2. List out the Inflow and OutFlow of Cash.


APPLICATION:1. Mention the Uses and Limitations of Cash Flow Statement.

2. From the following Balances, you are required to Calculate

Cash from Business Operations:

PARTICULARS 31.12.2008

Rs.

31.12.2009

Rs.

Debtors

Bills Receivable

Creditors

Expenses Outstanding

Expenses Prepaid

Accrued Income

Income Received in Advance

Net Profit Made

Bills Payable.

50,000

10,000

20,000

1,000

800

600

300

-

8,000

47,000

12,500

25,000

1,200

700

750

250

1,30,000

6,000

CO5:

REMEMBERING: 1. Mention the Features of Marginal Costing.

UNDERSTANDING: 1. Explain an importance of Cost-Volume-Profit Analysis.

2. State the Merits and Demerits of Marginal Costing.

APPLICATION: 1. Explain the following terms :

a) Break Even Analysis.

b) Margin of Safety.

2. What do mean by Marginal Costing? Explain the Concept of Cost-

Volume –Analysis.

3. Arun Company Limited shows the following Results for Two Years:

Year Sales (Rs) Profit (Rs)

2008 1,50,000 20,000

2009 1,70,000 45,000

From the above, you are required to calculate the following:

a) Profit-volume Ratio (P/V Ratio).

b) Break Even Point (BEP).

c) Sales required to Earn a Profit of Rs. 40,000.

d) Margin of Safety at a Profit of Rs. 50,000.

CO6:


REMEMBERING: 1. Narrate the meaning of Budget and Budgetary Control

UNDERSTANDING: 1. Explain the meaning of Flexible Budget and Cash Budget.

APPLICATION: 1. Explain the Classification of Budgets.

2. Nelam company making for a stock in the first quarter of the year

is assisted by its bankers with overdraft Accommodation.

The following are the relevant budget figures:

Months Sales

Rs.

Purchase

Rs.

Wages

Rs.

November

December

January

February

March

60,000

64,000

36,000

58,000

42,000

41,500

48,000

81,000

82,000

89,500

4,900

5,000

4,000

2,000

3,000

Budgeted cash at bank, 1st January 2014 is Rs.8,600. Credit terms of sale on payment

by the end of the month following the month of supply. On an average ,one half of sales

are paid on the due date whilst the other half are paid during the next month. Creditors

are paid during the month following the month of supply.

You are required to prepare a Cash Budget for the 3 months 1st January - 31

st March 2014.

3. Jyotsna Company wishes to arrange overdraft facilities with its Bankers during the period

April to June 2015 when it will be manufacturing mostly for stock. Prepare a cash Budget

For the bank facilities the company will require at the end of each month.

a)

Months Sales

(Rs.)

Purchase

(Rs.)

Wages

(Rs.)

February

March

April

May

June

1,80,000

1,92,000

1,08,000

1,74,000

1,26,000

1,24,800

1,44,000

1,43,000

2,46,000

2,68,000

12,000

14,000

11,000

10,000

15,000

b) 50% of credit sales are realized in the month following the sales and the remaining

50% in the second month following . Creditors are paid in the month following

the month of purchase.

c) Cash at Bank on 1.4.2015 (estimated) Rs.25,000.


Course Title: BUSINESS, INDUSTRIAL AND SOCIETAL LAW

Credits (L:T:P) : 4:0:0 Total Contact Hours:

52 Course Code: 15MM53T



PREREQUISITES: Knowledge of English and Business Studies:

Course Objectives: The students shall be able to:

1) Describe the Essentials of a Contract and Explain the Related Rules in brief.

2) Explain the Nature of Contract of Sale, Describe the Rules relating to transfer of Ownership

and Delivery of Goods and states the rights of Unpaid Seller.

3) Familiarize with the different methods/authorities available along with their Duties for the

amicable settlement of Industrial Disputes in India.

4) Explain the Rules relating to the Production, Supply and Distribution of essential

commodities to the Public.

At the end of the Course the students should be able to:


PO

Teaching

Hours

CO1 Assess the Significance and

applicability of Indian Contract Act in

general. U/A 1,2,3,9 19

CO2

Identify the ways and means of

transfer of title of ownership and

delivery of the goods to the

concerned.

A 1,2,3,4,9 10

CO3 Understand the Methods available for

amicable settlement of Industrial

Disputes in India. A 1,2,4,9, 10

CO4

Identify the different classes of

Essential Commodities and make sure

the availability of essential

commodities at right times to the right

people at right prices.

U/A 1,2,3 10



1 2 3 4 5 6 7 8 9 10

Business,

Industrial and

Societal Law 3 3 2 3 0 1 0 0 3 0



UNIT 1: INDIAN CONTRACT ACT, 1872:

CONTRACT: Meaning – Elements – Agreement versus Contract – Classification of Contract –

Essentials of a Valid Contract

OFFER AND ACCEPTANCE: Meaning of Offer – Types of Offer – Legal Rules for a Valid

Offer – Meaning of Acceptance – Legal Rules for a Valid Acceptance – Communication of

Offer and Acceptance – Revocation of Offer and Acceptance

CONSIDERATION AND LEGALITY OF OBJECT: Meaning of Consideration – Legal

Rules for Valid Consideration – Adequacy of Consideration – Legality of Agreement without

Consideration – Legality of Object and Consideration.

CAPACITY OF PARTIES: Capacity to Contract – Incapacity to Contract – Position of

Agreements by a Minor – Position of Agreements by Persons of Unsound Mind – Persons

disqualified by Law

FREE CONSENT: Meaning of Consent, Coercion, Undue Influence, Fraud, Misrepresentation

and Mistake – Coercion versus Undue Influence – Consequences of Fraud – Effect of

Misrepresentation and Mistake.

19 Hours

UNIT 2: SALE OF GOODS ACT, 1930:

Meaning of a Contract of Sale – Essentials of a Valid Contract of Sale – Sale versus Agreement

to Sell – Meaning of Condition and Warranty –Conditions versus Warranties - Rights of an

Unpaid Seller and Buyer of the Goods

10 Hours

Unit

No

Unit Name Hour

Questions to be

set for

(5marks )

PART - A

Questions to

be set for

(10marks)

PART - B

Marks

weight

age

(%)

R U A R U A

1 INDIAN CONTRACT ACT- 1872: 19 1 - - - - 1

10.34

2 SALE OF GOODS ACT - 1930: 10 -

1

1 - 1 1

20.69

3 INDUSTRIAL DISPUTES ACT- 1947: 10 1

1

- - 1 1

20.69

4 ESSENTIAL COMMODITIES

ACT – 1955: 10 -

1

1 - 1 1

20.69

INTERNAL ASSESSMENT TESTS 03 - - -

- - -

-

Total 52 09(45marks)

10(100

marks) 100.00


UNIT 3: INDUSTRIAL DISPUTES ACT, 1947:

Definition of Certain terms as used in the Act – Provisions of the Act relating to Strikes and

Lockouts – Lay-off – Compensation – Retrenchment – Methods Available along with the Duties

(including Arbitration) under the Act for amicable settlement of Industrial Disputes.

10 Hours

UNIT 4: ESSENTIAL COMMODITIES ACT - 1955:

Objectives of the Act – Definition of Certain terms as used in the Act – Powers of the Central

Government to Control the Production, Supply and Distribution of Essential Commodities -

Effect, Seizure and Confiscation of Essential Commodities – Provisions relating to fixation of

Price of Essential Commodities Act – Constitution of Special Courts – Offences Triable by the

Special Courts - Appeal against Confiscation – Powers of the Collector to prevent speedy and

natural decay of the Confiscated Commodities.

10 Hours




1 Developing

2 Satisfactory

3 Good

4

Exemplary 5

Score

Collection of

data

Does not

collect any

information

relating to the

topic

Collects

very limited

information;

some relate

to the topic

Collects

some basic

information;

refer to the

topic

Collects

relevant

information;

concerned

to the topic

Collects a

great deal of

information;

all refer to

the topic

3

Fulfill team’s

roles & duties

Does not

perform any

duties assigned

to the team

role

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties

Performs all

duties of

assigned

team roles

with

presentation

4

Shares work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually

does the

assigned

work; rarely

needs

reminding

Does the

assigned job

without

having to be

reminded.

Always

does the

assigned

work

without

having to be

reminded

and on

given time

frame

3

Listen to

other Team

mates

Is always

talking; never

allows anyone

else to speak

Usually

does most

of the

talking;

rarely

allows

others to

speak

Listens, but

sometimes

talk too

much

Listens and

contributes

to the

relevant

topic

Listens and

contributes

precisely to

the relevant

topic and

exhibit

leadership

qualities

3

TOTAL 13/4=


3.25=

4



Self Study Cases.

What

To

Whom

When/Where

(Frequency in

the Course)

Max.

Marks

(Theory)

Evidence

CO’s

Mapped

Direct

Assessment

Method

CIE

IA Test

ST

UD

EN

TS

3 Tests

(Average of 3

tests will be

Taken)


Assign

ment

Assignment

Report 05 Assignment

Reports 1 – 4

Total 25


Script 1 – 4

Indirect

Assessment

Method


Course

-NA-

Feed Back

Forms

1 – 4 delivery

of the Course

End of Course


Effectiveness of

delivery of

Instruction and

assessment methods Note: I.A. test shall be conducted for 20 marks. Average marks of three tests shall be rounded

off to the next higher digit.


semester




Assessment Methods.



Test/Date and


Max

Marks

Ex: I test/6 th

weak

of Sem 10-11 Am

V SEM BUSINESS, INDUSTRIAL

AND SOCIETIAL LAW 20



Units:1,2 Co: 1,2


Question


1 Differentiate between Fraud and Misrepresentation U 1 1,2

2

Discuss the essential Elements of a Valid Contract

OR

State the ways in which a contract can be discharged.

A 1 1,2

3 Write a note on Capacity to Contract Stating clearly as to who

is competent to Contract U 2 1,2

4

List out the Essentials of a valid Contract of Sale

OR

Distinguish between Conditions and Warranties

U 2 1,2


semester




Assessment Methods.





15MM53T - BUSINESS, INDUSTRIAL AND SOCIETIAL LAW

Time: 3 Hours Max. Marks: 100

Instruction: 1) Part –‘A’: Answer any SIX questions from a set of 9 Questions.


2) Part – ‘B’: Answer any SEVEN questions from a set of 10 Questions.


PART – A

(Answer any SIX Questions from part A) 6 x 5 = 30

1. Define the term ‘Contract’ and distinguish it from an ‘Agreement’.

2. Elucidate the meaning of ‘Offer and Acceptance’.

3. Elaborate the meaning of ‘Capacity to Contract’.

4. List the Legal rules for a Valid Acceptance.

5. State the meaning of ‘Conditions and Warranties’.

6. Indicate the circumstances under which an individual dispute becomes an industrial

dispute.

7. Narrate the role of Arbitration in the settlement of industrial disputes.

8. Define the term Essential Commodity as used under Essential Commodities Act of

1955.

9. State the objectives of Essential Commodities Act

PART – A

(Answer any SEVEN Questions from this Section) 10 x 7 = 70

10. Discuss the essential Elements of a Valid Contract.

11. Distinguish between Coercion and Undue Influence.

12. State the meaning of Consideration. List out the Legal rules of Valid Consideration.

13. Differentiate between Sale and Agreement to Sell

14. Discuss the Rights of an Unpaid Seller and the Buyer of the Goods.

15. Describe the impact of strikes and lockouts in the industrial environment.

16. Enumerate the role of Court of Enquiry and Industrial tribunal in the settlement of

industrial disputes


17. When can the Central Government appoint an authorized Controller and What are his

functions.

18. Summarize the Provision of the Essential Commodity Act, 1955 with regard to the

confiscation of Essential Commodities.

************


MODEL QUESTION BANK


V Semester

Course title: BUSINESS, INDUSTRIAL AND SOCIETIAL LAW

REMEMBERING 1 Define the term Contract and distinguish it from

an Agreement.

2 State the meaning of Offer and Acceptance

UNDERSTANDING 1 Differentiate between Fraud and Misrepresentation

` 2 Write a note on Capacity to Contract Stating clearly as to who

is competent to Contract.

APPLICATION 1 Discuss the essential Elements of a Valid Contract

2 State the rules regarding communication of a) Proposal

b) Acceptance c) Revocation of Offer and Acceptance

CO2

REMEMBERING 1 Write the meaning of Contract of Sale

2 State the meaning of Conditions and Warranties.

UNDERSTANDING 1 List out the Essentials of a valid Contract of Sale

2 Distinguish between Condition and Warranty

APPLICATION 1 Discuss the Rights of an Unpaid Seller and the Buyer of the Goods.

2 Differentiate between the Sale and Agreement to Sale.

CO3:

REMEMBERING 1 Give the meaning of Compensation under the Industrial

Dispute Act of 1947

2 State the meaning of Strike. When does a Strike become

Illegal.

UNDERSTANDING 1 Illustrate the meaning of Conciliation Officer. List out his

duties

2 Distinguish between Strikes and Lockouts.

APPLICATION 1 Narrate the various authorities provided under the Industrial

Disputes Act 1947 to deal with Industrial disputes.


2 Mention when will a conciliation proceeding be deemed to have

concluded.

CO4:

REMEMBERING 1 Define the term Essential commodity as used under

Essential commodities Act of 1955?

2 Define the term Collector under EC Act.

UNDERSTANDING 1 Give the objectives of the Essential commodities Act 1955.

2 Discuss the provision of the essential commodity act 1955

relating to the fixation of prices of essential commodities.

APPLICATION 1 State the provisions relating to control of production

supply and distribution of Essential commodities under

the Essential commodities Act of 1947.

2 Summarise the provisions of the Essential commodities

act of 1955 as regards confiscation essential commodity.


Course Title: ELEMENTS OF BUSINESS ECONOMICS

Credits (L:T:P) : 4:0:0 Total Contact Hours: 52 Course Code: 15MM54A


Self Study & Assignment Credit :04

Core/ Elective:

ELECTIVE

PREREQUISITES: Knowledge of Basic English and Business Studies.


1) Explain the Basic Economic terms and concepts and identify the fundamental problems of

Economic Systems.

2) Describe various aspects relating to Human Wants/Consumption/Utility/Demand

3) Examine the Function of Production and Supply.

4) Narrate the Concept of Market Structures and explain the price equilibrium under the Perfect

and Monopolistic Competition.

5) Enumerate and elucidate the different concepts of National Income

6) Explain various theories relating to Money Supply and identify the remedial and corrective

measures to control the Inflation and Deflation.

At the end of the course the students should be able to:


PO

Teaching

Hours

CO1 Assess the Significance of the

application of Business Economics. U/A 1,2,3,9 8

CO2 Identify the different types of Human

Wants/Consumption/Utility/Demand. A 1,2,3,4,9 9

CO3 Understand the function of production

and supply. A 1,2,4,9, 9

CO4 Assess the implications of the Perfect

and Monopolistic Competition in an

economical world. U/A 1,2,3 9

CO5 Assess the role played by the different

concepts of National Income. A 1,2,6,7 8

CO6 Examine the role of Money supply,

inflation and deflation in all

economical oriented activities. A 1,2,6, 6



1 2 3 4 5 6 7 8 9 10

Elements of

Business

Economics 3 3 1 3 0 1 0 0 3 0



Unit

No

Unit Name Hour

Questions to be

set for

(5marks )

PART - A

Questions to be

set for

(10marks)

PART - B

Marks

weight age

(%)

R U A R U A

1

INTRODUCTION AND

OVERVIEW OF BUSINESS

ECONOMICS

08 1 - - - 1 1

17.25

2 CONSUMPTION 09 1 -

1 - 1 1

20.69

3 PRODUCTION 09 1

-

- - 1 1

17.25

4 COST, REVENUE AND

MARKET STRUCTURE 09 -

1

1 - 1 1

20.69

5 NATIONAL INCOME 08 1 -

- 1 1 -

17.24

6 THEORY OF MONEY 06 -

1 1

1

13.78


- - -

-

Total 52 09(45marks)

10(100

marks) 100.00

UNIT I: INTRODUCTION OF BUSINESS ECONOMICS: Definitions – Meaning of Economics – Meaning of an Economy - Basic Problems of an Economy –

Meaning - Formulation – Uses – Limitations of Economic Theory - Approaches to Economic

Theory –Meaning – Uses – Limitations of Micro and Macro Economics – Micro Economics versus

Macro Economics.

8 Hours

UNIT 2: CONSUMPTION:

Meaning – Characteristics – Types of Human Wants – Meaning – Types of Goods – Meaning –

Characteristics – Importance - Types of Consumption – Meaning – Characteristics – Forms of

Utility- Meaning – Assumptions – Importance of Law of Diminishing Marginal Utility – Meaning

- Features of Demand – Demand Function – Concept of Law of Demand – Exceptions to the Law

of Demand. – Factors Determining the Demand – Meaning – Types of Elasticity of Demand.

09 Hours

UNIT 3: PRODUCTION:

Meaning of Supply – Supply V/s Stock - Supply Function – Law of Supply – Factors Affecting the

Supply of a Commodity - Elasticity of Supply – Factors Affecting Elasticity of Supply - Meaning -

Factors of Production - Production Function.


09 Hours

UNIT 4: COST, REVENUE AND MARKET STRUCTURE:

Meaning – Types of Costs – Meaning – Types of Revenue – Meaning – Types - Features -

Advantages and Disadvantages of Market Structures (Perfect and Monopolistic Competition) –

09 Hours

UNIT 5: NATIONAL INCOME:

Meaning of National Income – Different Concepts or Alternative Concepts of National Income

08 Hours

UNIT 6: THEORY OF MONEY:

Meaning of Money and Money Supply – Types of Money Supply – Credit Creation by

Commercial Banks as a source of Money Supply – Demand for Money – Motives of

Holding Money - Meaning – Effects of Inflation and Deflation – Remedial Measures for

the Control of Inflation and Deflation.

06 Hours

BOOKS RECOMMENDED:

1.Economics by B.S.Raman – United Publishers.

2.Business Economics by Dutt.R. – S.Chand and Company Ltd.

3.Economics – Appannaiah, Reddy and Shantha – Himalaya Publishers.

4.Essential of Business Economics – Dr.P.N.Reddy & H.R.Appannaiah.

5.Text Book of Economic Theory by Seth.

6.Principles of Economics by Boyes – Cengage Learning.

REFERENCES:

1. www.vutbr.cz › Home › Studies › ECTS catalogue › Course detail 2. www.careerbuilder.com/jobs-essential-elements-of-business-economics 3. www.amazon.in/Business-Economics-Concepts-Cases-Elements/dp/1861520484 4. www.isec.ac.in/Elements_%20of_%20economics_%20of_%20industry.pdf

Course Delivery: The course will be delivered through lectures and Power point presentations/

Video





1 Developing

2 Satisfactory

3 Good

4

Exemplary 5

Score

Collection of

data

Does not

collect any

information

relating to the

topic

Collects

very limited

information;

some relate

to the topic

Collects

some basic

information;

refer to the

topic

Collects

relevant

information;

concerned

to the topic

Collects a

great deal of

information;

all refer to

the topic

3

Fulfill team’s

roles & duties

Does not

perform any

duties assigned

to the team

role

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties

Performs all

duties of

assigned

team roles

with

presentation

4

Shares work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually

does the

assigned

work; rarely

needs

reminding

Does the

assigned job

without

having to be

reminded.

Always

does the

assigned

work

without

having to be

reminded

and on

given time

frame

3

Listen to

other Team

mates

Is always

talking; never

allows anyone

else to speak

Usually

does most

of the

talking;

rarely

allows

others to

speak

Listens, but

sometimes

talk too

much

Listens and

contributes

to the

relevant

topic

Listens and

contributes

precisely to

the relevant

topic and

exhibit

leadership

qualities

3

TOTAL

13/4=

3.25=

4




Self Study Cases.

What

To

Whom

When/Where

(Frequency in

the Course)

Max.

Marks

(Theory)

Evidence

CO’s

Mapped

Direct

Assessment

Method

CIE

IA Test

ST

UD

EN

TS

3 Tests

(Average of 3

tests will be

Taken)


Assignment

Assignment

Report 05 Assign

Reports 1 – 6

Total 25

SEE End Exam End of Course 100 Answer Script 1 – 6

Indirect

Assessment

Method


Course

-NA-

Feed Back

Forms

1 – 6 delivery

of the Course

End of Course


Effectiveness of

delivery of

Instruction and

assessment methods Note: I.A. test shall be conducted for 20 marks. Average marks of three tests shall be rounded off

to the next higher digit.


semester




Assessment Methods.



Test/Date and


Max

Marks

Ex: I test/6 th

weak

of Sem 10-11 Am

V SEM ELEMENTS OF

BUSINESS ECONOMICS 20

Year: 2017-18 Course code:15MM54A


Units:1,2 Co: 1,2


Question


1 Define Economics.

R 1 1,2

2

Discuss the limitations of Economic Theory

OR

Record the factors determining the demand.

U 1 1,2

3

Differentiate between Micro and Macro economics

OR

Explain the Law of Diminishing Marginal Utility. A 2 1,2

4 Identify the different types of Elasticity if Demand

A 2 1,2


semester



Student feedback on course regarding Effectiveness of Delivery of instructions & Assessment

Methods.





15MM54A - ELEMENTS OF BUSINESS ECONOMICS




2) Part – B. Answer any SEVEN questions from a set of 10 Questions.


PART – A


1. Define ‘Economics”?.

2. Explain the types of utility.

3. List out the factors determining the demand?

4. Distinguish between Supply and Stock.

5. Explain the average revenue and marginal revenue of the firm.

6. State the features of perfect competitive market.

7. Describe any five problems of measuring national income.

8. What is money? State the different types of money

9. State the effects of inflation?

PART – B


Discuss the meaning of ‘Human Wants’? Explain the different types of Human Wants

1. Distinguish between Micro Economics and Macro Economics.

2. Enumerate the uses and limitation of economic theory?

3. Explain the law of diminishing marginal utility.

5 Explain the Concept of Supply? Name the Factors affecting Elasticity of Supply?

6 Explain the meaning of the term Production? Explain the factors of production.

7 Briefly explain the meaning of Cost. Explain the different types of Cost

8 State the features of perfect competitive market?

9 Explain the concept of GDP, NDP, GNP and NNP

10 Give the meaning of deflation. Suggest some remedial measures of the control of deflation.


MODEL QUESTION BANK


V Semester

Course title: ELEMENTS OF BUSINESS ECONOMICS

REMEMBERING 1 Define Economics.

2 State the meaning of Economy

UNDERSTANDING 1 Explain the problems of Economy.

2 Discuss the limitations of Economic Theory

APPLICATION 1 Explain the Approaches to Economic Theory

2 Differentiate between Micro and Macro economics

CO2

REMEMBERING 1 Memorize the types of Human Wants.

2 State the features of Consumption

UNDERSTANDING 1 Indicate the different forms of utility.

2 Record the factors determining the demand.

APPLICATION 1 Explain the Law of Diminishing Marginal Utility.

2 Identify the different types of Elasticity if Demand

CO3:

REMEMBERING 1 Give the meaning of Supply.

2 List the factors of Production.

UNDERSTANDING 1 Describe the factors affecting the Supply of a Commodity .

2 State the Law of Supply

APPLICATION 1 Differentiate between Stock and Supply.

2 Determine the factors affecting Elasticity of Supply.

CO4:


REMEMBERING 1 Write the meaning of Cost

2 Give the meaning of Revenue.

UNDERSTANDING 1 Illustrate the types of Cost.

2 Explain the features of Market Structure.

APPLICATION 1 Collect the features of Perfect Competition Market.

2 List out the advantages and disadvantages of Monopolistic

Competition Market.

CO5:

REMEMBERING 1 Give the meaning of Per Capita Income

UNDERSTANDING 1 Describe National Income.

APPLICATION 1 Briefly describe different concepts of National Income.

CO6:

REMEMBERING 1 State the meaning of Money and Money Supply.

2 Define Inflation.

UNDERSTANDING 1 Illustrate the Effects of Inflation.

2 Describe the Narrow Money and Broad Money

APPLICATION 1 Suggest some Remedial measures for the Control of Deflation.

` 2 Explain the types of Money.


Course Title: ELELEMENTS OF AUDITING

Credits (L:T:P) : 4:0:0 Total Contact Hours: 52 Course Code:

15MM54B


Self Study & Assignment Credit :04

Core/ Elective:

ELECTIVE

PREREQUISITES: Depth Knowledge of Accounting


1) Discover the Basic framework required for the Study of Methodology Elements Of

Auditing.

2) Get acquainted with various ways and means of Internal Check/Control and with the

process of Vouching.

3) Familiarize with the Mode and Manner of Valuation of various Assets and Liabilities.

4) Get well versed with the Role of Auditors in Auditing related works.



PO

Teaching

Hours

CO1 Familiarize with the basic framework

involved in the Study of Auditing. U/A 1,2,3,9 13

CO2 Elucidate various ways and means of

Internal Check and Vouching. A 1,2,4,9 12

CO3 Enumerate the methods of Valuation

of various Assets and Liabilities. A 1,2,4,9, 12

CO4 Understand the Significance of the

Auditors in the Audit of Limited

Companies. U/A 1,2 12



1 2 3 4 5 6 7 8 9 10

Elements of

Auditing 3 3 1 3 0 1 0 0 3 0



Unit

No

Unit Name Hour

Questions to be

set for

(5marks )

PART - A

Questions to

be set for

(10marks)

PART - B

Marks

weight

age

(%)

R U A R U A

1 INTRODUCTION AND

OVERVIEW OF AUDITING 12 1 1 - -

1 1 20.69

2 INTERNAL CHECK AND

VOUCHING 13 1

1 1 -

1 2 31.03

3

VERIFICATION AND

VALUATION OF ASSETS &

LIABILITIES

12 1 1 -

- 1 2

27.59

4 AUDIT OF LIMITED

COMPANIES 12 -

1 1 -

1 1 20.69


- - -

-

Total 52 09(45marks) 10(100

marks) 100.00

UNIT I: UNIT 1: INTRODUCTION AND OVERVIEW OF AUDITING

Definition – Meaning – Objects – Advantages – Limitations of Auditing – Meaning – Types of

Errors and Frauds – Types of Audit.- Audit Planning – Audit Programme – Principles of

Auditing – Techniques of Auditing – Recent Trends in Auditing.

12 Hours

UNIT 2: INTERNAL CHECK AND VOUCHING:

Definition – Meaning – Objects – Features – Advantages – Limitations of Internal Check –

Definition – Meaning – Objects of Internal Control – Essentials of Good Internal Control

System – Internal Check versus Internal Control – Meaning – Objects – Merits – Limitations of

Routine Checking – Definition – Meaning – Objects – Importance of Vouching – Procedure in

Vouching – Vouching versus Routine Checking - Definition – Meaning – Types of Voucher –

Refusal of Voucher.

13 Hours

UNIT 3: VERIFICATION AND VALUATION OF ASSETS & LIABILITIES:

Definition – Meaning – Objects of Verification – Verification versus Vouching – Definition –

Meaning – Objects of Valuation – Mode of Valuation of certain Assets and Liabilities –

Verification versus Valuation

12 Hours

UNIT 4: AUDIT OF LIMITED COMPANIES:

Need of Audit for Limited Companies – Qualities – Qualifications – Disqualifications of

Auditors – Appointment – Remuneration – Removal of Auditors – Rights and Duties –

Liabilities (Both Civil and Criminal) of Auditors - Professional Ethics of an Auditor.

12 Hours

SKILL DEVELOPMENT:

Collect the information about types of audit conducted in any one Organization


Visit an audit firm; write about the procedure followed by them in Auditing the books of

Accounts of a firm.

Draft an investigation report on behalf of a Public Limited Company

Record the verification procedure with respect to any one fixed asset.

Draft an audit program.

BOOKS RECOMMENDED:

1. P N Reddy & Appannaiah, Auditing, HPH

2. TR Sharma, Auditing, Sahitya Bhavan

3. BN Tandon, Practical Auditing, Sultan Chand

4. Dr. Nanje Gowda, Principles of Auditing, VBH

5. Dr. Alice Mani: Principles & Practices of Auditing, SBH.

6. K. Venkataramana, Principles And Practice Of Auditing, SHBP.

7. MS Ramaswamy, Principles and Practice of Auditing.

8. Dinakar Pagare, Practice of Auditing, Sultan Chand

9. Kamal Gupta, Practical Auditing, TMH

10. R.G Sexena - Principles and Practice of Auditing, HPH

REFERENCES:

Course Delivery: The course will be delivered through lectures and Power point

presentations/ Video





1 Developing

2 Satisfactory

3 Good

4

Exemplary 5

Score

Collection of

data

Does not

collect any

information

relating to the

topic

Collects

very limited

information;

some relate

to the topic

Collects

some basic

information;

refer to the

topic

Collects

relevant

information;

concerned

to the topic

Collects a

great deal of

information;

all refer to

the topic

3

Fulfill team’s

roles & duties

Does not

perform any

duties assigned

to the team

role

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties

Performs all

duties of

assigned

team roles

with

presentation

4

Shares work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually

does the

assigned

work; rarely

needs

reminding

Does the

assigned job

without

having to be

reminded.

Always

does the

assigned

work

without

having to be

reminded

and on

given time

frame

3

Listen to

other Team

mates

Is always

talking; never

allows anyone

else to speak

Usually

does most

of the

talking;

rarely

allows

others to

speak

Listens, but

sometimes

talk too

much

Listens and

contributes

to the

relevant

topic

Listens and

contributes

precisely to

the relevant

topic and

exhibit

leadership

qualities

3

TOTAL

13/4=

3.25=

4




Self Study Cases.

What

To

Whom

When/Where

(Frequency in

the Course)

Max.

Marks

(Theory)

Evidence

CO’s

Mapped

Direct

Assessment

Method

CIE

IA Test

ST

UD

EN

TS

3 Tests

(Average of 3

tests will be

Taken)


Assignment

Assignment

Report 05 Assign

Reports 1 – 4

Total 25


Script 1 – 4

Indirect

Assessment

Method


Course

-NA-

Feed Back

Forms

1 – 4 delivery

of the Course

End of Course


Effectiveness of

delivery of

Instruction and

assessment methods


Test/Date and


Max

Marks

Ex: I test/6 th

weak

of Sem 10-11 Am

V SEM ELEMENTS OF

AUDITING 20

Year: 2017-18 Course code:15MM54B


Units:1,2 Co: 1,2


Question


1 R 1 1,2

2

OR

U 1 1,2

3

OR

A 2 1,2

4 A 2 1,2


Note to IA verifier: The following documents to be verified by CIE verifier at the end

of semester


2. Student suggested activities report for 5 marks and should be assessed on

RUBRICS

Student feedback on course regarding Effectiveness of Delivery of instructions &

Assessment Methods.





15MM54B - ELEMENTS OF AUDITING




2) Part – B. Answer any SEVEN questions from a set of 10 Questions.


PART – A


1. Define Errors of Omission and Commission.

2. Define the term Audit and Auditing.

3. State the objectives of Internal Check.

4. Define Vouching.

5. Distinguish between Internal Check and Internal Control.

6. List out the objectives of Verification.

7. Distinguish between verification and valuation.

8. List out the qualities of Auditor.

9. State the civil and criminal liabilities of Auditors.

PART – A


10. Mention the Advantages and limitations of Auditing.

11. Explain the various types of Auditing.

12. Describe the features of Internal Check.

13. Describe the importance of Vouching and its types.

14. Explain the essentials of Good Internal Control.

15. Explain the mode of valuation of Assets.

16. Explain the meaning of verification and list out the differences between verification

and vouching

17. Narrate the term valuation and the method of valuation of Liabilities.

18. Describe the Qualifications and disqualifications of Auditor.

19. Discuss the Rights and Duties of an Auditor.


MODEL QUESTION BANK


V Semester

Course title: ELEMENTS OF AUDITING

REMEMBERING:

1) Define Audit Planning.

2) Define Audit Program.

3) State the recent trends in Auditing

UNDERSTANDING:

1) Explain the Principles of Auditing.

2) Explain the types of Auditing.

3) Describe the Techniques of Auditing.

APPLICATION:

1) Explain the different types of Errors.

2) Explain the different types of Frauds.

3) Mention the Advantages and limitations of Auditing.

4) Narrate the meaning of Auditing and briefly explain the objectives of Auditing

CO2

REMEMBERING:

1)State the objectives of Internal Check.

2) Mention the essentials of Good Internal Control System.

3) List out the merits and limitations of routine checking.

4) List out the objectives of Routine checking.

UNDERSTANDING:

1) Explain the features of Internal Check.

2) State the objectives of Internal Control.

3) Discuss Internal Check v/s Internal Control

4) Distinguish between Vouching v/s routine checking.

APPLICATION:

1) Describe the advantages and limitations of Internal Check.

2) Define Vouching. Explain the importance of Vouching.

3) Explain the types of Voucher.

4) Explain the procedure in Vouching.

CO3:

REMEMBERING:

1) Narrate the meaning of verification and valuation.

2) Mention the difference between verification and vouching.


UNDERSTANDING:

1) Mention the objectives of Verification

2) Mention the objectives of Valuation.

3) Mention the differences between Verification and valuation.

APPLICATION:

1) Explain the mode of Valuation of Assets.

2) Explain the mode of Valuation of Liabilities.

CO4:

REMEMBERING:

1) Mention the need of Audit for Limited Companies.

2) Explain the remuneration of Auditor.

3) Describe the professional ethics of an Auditor.

UNDERSTANDING:

1) Mention the qualities of Auditor.

2) Explain the consequences of removal of Auditor.

3) Explain the appointment of an Auditor.

APPLICATION:

1) Describe the Qualifications and disqualifications of Auditor.

2) Discuss the Rights and Duties of an Auditor.

3) Describe the Civil and Criminal liabilities of an Auditor.


Government of Karnataka

Department of Technical Education

Board of Technical Examinations, Bangalore

PREREQUISITE: Zeal and Enthusiasm to Explore New things by undertaking Individual

Tasks/Activities and enabling the Students to acquire Professional

Practice Skills by participating in Group related activities.

COURSE OBJECTIVES:

At the end of the Course, the Students shall be able to:

1. Search for the required information related to the topic, and be able to acquire the

knowledge of Contemporary Issues related to advancements in Business and

Management Oriented Activities.

2. Get Exposure in various Business and Economic Environment Practices in Global, Societal and Economic, by Listening Experts Talks and by Engaging in Interactions with them.

3. Discuss & Disseminate about the Advancements in related Profession to the

Interested Parties.

4. Develop Individual Confidence and enable the Students to acquire Life leading

Skills to handle various Business and Management Assignments.

5. Enhance the Employability Skills and to increase their ability to Engage in,

Life-long Learning and Earning, by Practicing the acquired Professional Skills in

the arena of Business and Management.

6. Expose the Students to face Better Challenges in the fields of Business and

Management so as to improve the Standard of Living of the People of the Society.

COURSE OUT COME:

On successful completion of the Course, the students should be able to:

Course Outcome CL Linked

activity

Linked

PO

Teaching

Hrs

CO1

Get the information related to the

topic and acquired the knowledge

of Contemporary Issues related to

the Advancements in the arena of

Business and Management.

Analysis 1 2-10 13

CO2

Acquire the Exposure in various Business and Economic Environment Practices in Global, Societal and Economic Environment.

Application/ analysis

2 2-10 13

CO3 Share the developed Advancements Innovative 3 2-10 13

Course Title: PROFESSIONAL PRACTICES (MOM Stream)

Scheme (L:T:P) : 0:2:4 Total Contact Hours:

78

Course

Code:15MM55P

Type of Course: Assignment

Group Talk and Practice Credit :03

Core/Elective:

Core (Practice)

CIE- 25 Marks SEE- 50 Marks

in related Profession to the

Interested Parties.

/Analysis

CO4

Enlarge the Individual Confidence

to acquire Life Leading Skills to

handle various Business and

Management Assignments.

Application 4 2-10 13

CO5

Enrich the Employability Skills and

increase their ability to Engage in,

Life-long Learning and Earning

Activities.

Analysis

/Creation 5 2-10 12

CO6

Face Better Challenges in the fields

of Business and Management so as

to improve the Standard Living of

the People of the Society.

Analysis

/Creation 5 2-10 12

INTERNAL ASSESSMENT TESTS 02

Total 78

1. COURSE-PO ATTAINMENT MATRIX

ACTIVITY – 1 : INFORMATION SEARCH AND SOURCES OF DATA

COLLECTION:

Information search can be done through Manufacturers’ Catalogue, Websites,

Periodicals and Magazines and Books.

Following Activities are suggested for Professional Practice.

1. Drafting the Partnership Deed by incorporating the provisions of the Indian Partnership Act.

2. Drafting the Memorandum of Association of Corporate Entities.

3. Drafting the Articles of Association of Corporate Entities.

4. Preparing and Issuing an ideal Prospectus to the Public.

5. Drafting various Business and Commercial Correspondence.

6. Drafting the Notices and Agenda of the Meetings of the Corporate Entities.

7. Drafting the Minutes of the Meetings of the Corporate Entities.

8. Drafting the various Resolutions of Recording Business Transactions.

9. Preparing various kinds of Reports.

10. Opening of Accounts in Banks and Recording of Transactions in various books of Accounts.

11. Writing and maintaining various Subsidiary Books of the Business Organizations.

Course Programme Outcomes

1 2 3 4 5 6 7 8 9 10

PROFESSIONAL

PRACTICES 0 3 3 3 3 3 3 3 3 3

Level 3- Highly Addressed, Level 2-Moderately Addressed, Level 1-Low Addressed. Method is to relate the level of PO with the number of hours devoted to the COs which address the given PO. If >40% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 3 If 25 to 40% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 2 If 5 to 25% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 1 If < 5% of classroom sessions addressing a particular PO, it is considered that PO is considered not-addressed.


12. Preparing the Final Accounts of Sole Proprietorship Concerns/Non-trading Concerns

/Partnership Firms/Corporate Entities in Prescribed Formats.

13. Preparing the Hire Purchase and Installment Agreement

14. Filling up various Business, Commercial, Economical and Industrial Forms using Imaginary

Data.

15. Preparing Rental Agreement, Lease Deed and Will/Testament.

(Note: The list of above suggested activities is not exhaustive in its nature. The concerned Faculty who is handling the subject can cover as many activities as possible pertaining to the field of Business and Management.)

METHOD OF CONDUCTING GRADED ACTIVITIES:

1. The student is advised to select the Topic and search for the information related to the

selected Topic.

2. The prepared Reports may be either hand written or computerized one.

3. Carry out Class Room Presentation in frequent Intervals.

2. Guest Lecturers: To be organized from any two of the following Areas:

Experts/Professionals from different fields are to be invited to deliver lectures at least

TWO sessions in a Semester. The topics may be selected by the

Students/Faculty/Experts as the case may be to develop the required skills.

METHOD FOR CONDUCTING GUEST LECTURES: 1. The competent authorities of the Institution shall fix up the date for Guest Lecture

according to their convenience.

2. The Principal/Head of the Department should chair in the Event.

3. The Students of the Class allowed to participate in the Session

4. Watch the talk and make the brief hand written report on the guest lecture delivered by

each student as a part of Term work.

5. It is an optional one to make Audio/visual record of the guest lecture by using any

smart devices.

6. An Opportunity is to be given for students for live Interaction with experts.

3. GROUP DISCUSSION: (One topic)

The students shall discuss in a group of six students on any Topics relevant to the

Business and Management Professional Practices.

METHODOLOGY FOR CONDUCTING GROUP DISCUSSION/SEMINAR.

1. The Faculty shall allot a Topic for a Group of Six Students.

2. The Faculty is required to give an introductory talk on ways/means and rules to carry

out Group Discussion.

3. The Placement Officer and any other Senior Faculty of the Institute of other

Departments may also be invited and they should act as observing members, apart

from the regular Faculty.

4. Documentation to be produced for `Validation:


Hand written document on Minutes of Discussion, Description of the

Topic discussed

Record the Minutes of Discussion, if it is necessary.

4. INDIVIDUAL ASSIGNMENTS AND LIFE SKILLS:

The students shall perform ANY ONE of the following activities individually or

collectively in both the sections:

SECTION – ‘A’: INDIVIDUAL ASSIGNMENTS:

1. Drafting the Partnership Deed by incorporating the provisions of the Indian Partnership Act.

2. Preparing the Hire Purchase and Installment Agreement

3. Preparing Rental Agreement, Lease Deed and Will/Testament.

(Note: The list of above suggested individual assignments is not exhaustive in its nature. The concerned Faculty who is handling the subject can give as many individual Assignments as possible.)

SECTION – ‘B’: LIFE SKILLS:

1. Conduct Aptitude, Attitude, and Altitude Tests, General Knowledge Test, IQ Test,

Solve Puzzles.

2. Set the Goals for Career and Personality Development.

3. Tabulating the Data from the Given Exercises.

PEDOGOGY AND METHODOLOGY FOR CONDUCTING ACTIVITY:

1. The Faculty is required to assign a Topic for an individual Student; and the Student is

duty bound to submit hand written Report.

2. The Faculty is required to conduct Life Skill activity. The student is to be permitted to

share his/her experience in a class and make a report on it.

5. INDUSTRIAL VISITS:

Structured industrial visits be arranged and a report on the same shall be prepared

submitted by the individual student to the concerned Faculty.

PEDOGOGY AND METHODOLOGY FOR CONDUCTING ACTIVITY:

1. The subject teacher(s) have liberty to select nearby organization/industry of local vicinity

with prior approval of principal of the institute

2. Arrange the nearby visit and Prepare a Report of the visit including detailed

observations made by the Students. 3.

Course Delivery: The course will be delivered through discussions and activities


COURSE ASSESSMENT AND EVALUATION SCHEME:

What To whom

When/Where

(Frequency in

the course)

Max

Marks

Evidence

collected

Course

outcomes

Dir

ect

Ass

ess

men

t

met

h CIE IA

Students

Each activities

@5 marks each 25 Report 1,2,3,4,5

End of the

course 50

Answer scripts

at BTE 1,2,3,4,5

Ind

irec

t

Ass

essm

en

t

Student Feedback

on course

Students

Middle of the

course Feedback forms

1,2,3 Delivery

of course

End of Course

Survey

End of the

course Questionnaires

1,2,3,

Effectiveness

of Delivery of

instructions &

Assessment

Methods


semester

1. Student activities report for 25 Marks


Assessment Methods.

SCHEME OF EVALUATION:

Serial

No Description Marks

1 Report on Information Search and Data

Collection by the Candidate. 10

2 Preparation of Document by the Candidate on Guest Lecture given the by the Experts.

10

3 Recording of Group Discussions 10

4 Preparation of Report on Individual

Assignment/Life Skill Activity. 10

5 Preparation of Report on Industrial Visit 10

TOTAL 50

MODEL OF RUBRICS /CRITERIA FOR ASSESSING STUDENT ACTIVITY

RUBRICS FOR ACTIVITY( 5 Marks)

Dimension

Unsatisfactory Developing Satisfactory Good Exemplary Stud

ent

Scor

e 1 2 3 4 5

Collection

of data

Does not collect

any information

relating to the

topic

Collects very

limited

information;

some relate to

the topic

Collect

much

information;

but very

limited

Collects

some basic

information

; most refer

to the topic

Collects a

great deal of

information;

all refer to

the topic

Ex:

4


relate to the

topic

Fulfil

team’s

roles &

duties

Does not

perform any

duties assigned

to the team role

Performs very

little duties

but

unreliable.

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties of

assigned

team roles

5

Shares

work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually does

the assigned

work; rarely

needs

reminding

Normally

does the

assigned

work

Always

does the

assigned

work

without

having to be

reminded.

3

Listen to

other

Team

mates

Is always

talking; never

allows anyone

else to speak

Usually does

most of the

talking; rarely

allows others

to speak

Talks good;

but never

show

interest in

listening

others

Listens, but

sometimes

talk too

much

Listens and

speaks a fair

amount

2

Average / Total marks=(4+5+3+2)/4=14/4=3.5=4

Note: This is only an example. Appropriate rubrics/criteria may be devised by the

concerned faculty (Course Coordinator) for assessing the given activity


MODEL MANUSCRIPT

DIPLOMA IN MODERN OFFICE MANAGEMENT

Course Title: PROFESSIONAL PRACTICES – 15MM55P

Time: 3 Hours] [Max Marks: 50

1. Write a Note on Information searched and Data Collected Activity 10marks

2. Give an explanation about the knowledge acquired by you during

the Guest Lecture given by the Experts. 10 marks

3. Write a meaningful Conclusion of the Topic given for the Group Discussion

10 marks

4. Write down the Important Provisions to be kept in mind while drafting the

Partnership Deed. 10marks

5. Write down the Steps involved in the Process of Accounting

10 marks

Note: The marks are to be awarded on the basis of

Reports/Documents submitted by the Candidate at the time of Semester End

Examination.


Course Title: PRACTICE OF BUSINESS TRANSACTIONS

Credits (L:T:P) : 0:2:4 Total Contact Hours: 78 Course Code:

15MM56P

Type of Course: Tutorial and

Practical’s Credit :03

Core:

Core Subject

Prerequisite: Knowledge of Business Studies and Basic Computer Applications.

COURSE OBJECTIVES:

The students shall be able to:

1. Familiarize with the Preparation of various Sales related documents using Computers

like Cash Bill, Credit Bill, Invoice, Proforma Invoice, Debit Note and Credit Note.

2. Create various Negotiable Instruments using Computers like bill of exchange(Time

Bill, Demand Bill, Trade Bill and Accommodation Bill)

Cheque, Travellers’Cheque, Pay Order, Promissory Note (Single, Joint, Joint

&Several Promissory Notes) and Demand Draft.

3. Know the Method/Mode of Crossing of Cheques, Preparation of Memo of a Cheque

Unpaid and Withdrawal Form as used in Commercial Banks by using Computers.

4. Design various Documents involved in Foreign Trade using Computers like Consular

Invoice, Certificate of Origin, Mate’s Receipt, Bill of Lading and Indent 5. Familiarize with the Preparation Purchase Order, Delivery Challan and Quotations by

using Computers with the Imaginary Data and Figures.

6. Reserve Train Tickets, Bus Tickets, Movie Tickets and Groceries by using Online

Applications.

COURSE OUTCOMES : At the end of the course, the students should be:

CO1 Acquainted with the task of preparing various Sales related Documents by

making use of Computers.

CO2 Familiarized with the task of Creating the patterns of various Negotiable

Instruments of day-to-day affairs of the Business in Management.

CO3 Familiarized with the various forms of Crossing of Cheques, Return Cheque

Memo and Withdrawal Form as used in Commercial Banks.

CO4 Acquainted with the task of preparing various Foreign Trade related Documents

by making use of Computers.

CO5 Well versed in preparing and Placing Purchase Order, Preparing Delivery

Challan and Quotations by using Computers.

CO6 Well versed in Online Bookings by using Computers.


Course-PO Attainment Matrix

Course

Programme Outcomes

1 2 3 4 5 6 7 8 9 10

PRACTICE OF BUSINESS

TRANSACTIONS 3 3 3 3 0 0 0 3 3 3

INSTRUCTIONS TO BE COMPLIED WITH BY THE CANDIDATES FOR

SUBMITTING THE RECORD OR GRADED EXERCISES:

The Candidates of this particular Subject are instructed to submit the prepared Record

or Graded Exercises on all prescribed Topics to the Evaluator for the purpose of Evaluation in

the Semester End Examination.

CRITICAL APPRAISAL OF THE PERFORMANCE OF THE CANDIDATES:

The concerned Guiding Faculty Members of this particular Subject are instructed to

supervise and Review the Task of Submission of Record or Graded Exercises Periodically and

assess the performance of the Candidates from time to time.

INTERNAL ASSESSMENT: 25 marks.

Internal Assessment Marks of this particular Subject are to be awarded strictly adhering to the

guidelines as enumerated herein under:

a) Two Internal Assessment Tests are to be conducted for 10 Marks each and the Average Marks

of the Two Tests is to be taken into account for awarding Marks. i.e. out of 10 Marks.

b) For Record or Graded Exercises of this particular Subject, Marks are to be awarded by the

Internal Evaluators, out of 10 Marks.

c) For Assignment given to the Candidates, Marks are to be awarded out of 5 (for this purpose,

the BTE prescribed norms which are in force from time to time are to be followed).

SCHEME OF EVALUATION:

At the time of Semester End Examination of this particular Subject, while submission

of the so prepared Record or Graded Exercises, the Evaluators of the Subject are to evaluate

the Performance of the Candidates strictly adhering to the following laid down guidelines:

a) For Systematic and Schematic Presentation of Record or Graded Exercises, Marks

are to be awarded out of 10.

b) A Manuscript is to be prepared by the Examiners consisting of 6 questions of 5

Marks each put together for 30 Marks. The Execution of the given 6 Questions is to

be completed and to be shown by the candidates within stipulated time of One

Hour as elucidated herein below:

1. Creating any one of the Sales Related Documents in Computers.

2. Create any one of the patterns of Negotiable Instruments in Computers

3. Showing the various methods of Crossing of Cheques, Preparation of Memo

of a Cheque Unpaid and Withdrawal Form in Computers.


4. Designing any one of the Documents involved in Foreign Trade in

Computers. 5. Preparing either Purchase Order/Delivery Challan or Quotations in

Computers by using the Imaginary Data and Figures.

6. Showing the Method of Reserving Train Tickets/Bus Tickets/ Movie Tickets

or Groceries by using Online Applications in Computers.

c) Finally, a Viva-voce is to be conducted by the Examiners on the aforesaid

Contents for the purpose of assessing the overall performance of the

Candidates. For this purpose, Marks are to be awarded out of 10.

BOOKS RECOMMENDED:

1. Business Studies 1 and 2 by B.S.Raman

2. Business Studies 1 and 2 by T.V.S.Raju


Self Study Cases.

What

To

Whom

When/Where

(Frequency in the

Course)

Max.

Marks

(Prac)

Evidence

CO’s

Mapped

Direct

Assessment

Method

CIE

IA Test

ST

UD

EN

TS

2 Tests

(Average of 2 tests

will be Taken)

10 Prac

Record 1 – 6

Assignment

Graded Exercises

Assignment

10

05 Blue

Book/Log

of Activity

1 – 6

Total 25


Script 1 – 6

Indirect

Assessment

Method


Course

-NA-

Feed Back

Forms

1 – 6 delivery of

the Course

End of Course

Survey End of Course

Questio

nnaire

Effectiveness of

delivery of

Instruction and

assessment methods



components (Bloom’s taxonomy) such as:

Sl. No Bloom’s Category %

Weightage

Weightage

1 Remembrance 10

2 Understanding 30

3 Application 60



1 Developing

2 Satisfactory

3 Good

4

Exemplary 5

Score

Collection of

data

Does not

collect any

information

relating to the

topic

Collects

very limited

information;

some relate

to the topic

Collects

some basic

information;

refer to the

topic

Collects

relevant

information;

concerned

to the topic

Collects a

great deal of

information;

all refer to

the topic

3

Fulfill team’s

roles &

duties

Does not

perform any

duties assigned

to the team

role

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties

Performs all

duties of

assigned

team roles

with

presentation

4

Shares work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually

does the

assigned

work; rarely

needs

reminding

Does the

assigned job

without

having to be

reminded.

Always

does the

assigned

work

without

having to be

reminded

and on

given time

frame

3

Listen to

other Team

mates

Is always

talking; never

allows anyone

else to speak

Usually

does most

of the

talking;

rarely

allows

others to

speak

Listens, but

sometimes

talk too

much

Listens and

contributes

to the

relevant

topic

Listens and

contributes

precisely to

the relevant

topic and

exhibit

leadership

qualities

3

TOTAL 13/4=3.25=4



SCHEME OF EVALUATION AT THE SEE:

Sl.

NO. SCHEME

Max.

Marks

1 Verification of Practical Record 10

2 Execution of the given Questions 30

3 Viva voce 10

Total 50


Course Title: E-COMMERCE LAB

Credits (L:T:P) : 0:2:4 Total Contact Hours: 78 Course Code: 15MM57P


Self Study & Assignment Credit :03 Core/ Elective: Core

PREREQUISITES: Knowledge of Computers and Commerce.

COURSE OBJECTIVES:

The Students shall be able to;

1. Understand the usage of application of E-Commerce in day-to-day Affairs.

2. Operate the application of E – Commerce to solve day-to-day Affairs.

3. Understand different Applications involved in the utility of E-Commerce.

4. Apply the concept of E-Governance in the Management day-to-day Affairs.

5. Understand the emergence of different Business Models and their applicability and

suitability in solving day-to-day Affairs.


Course Outcome

Experi

ment

linked

CL Linked

PO Teaching

Hrs

CO1 Understand the usage of

application of E-Commerce in

day-to-day Affairs 1,2,3 U, A 1 to 10 13

CO2

Operate the application of E –

Commerce to solve day-to-day

Affairs

1,2,3 U, A 1 to 10 20

CO3 Understand the different

Applications involved in the

utility of E-Commerce. 1 to 7 A 1 to 10 20

CO4

Apply the concept of E-

Governance in the

Management day-to-day

Affairs

7 A 1 to 10 13

CO5

Understand the emergence of

different Business Models and

their applicability and

suitability in solving day-to-

day Affairs.

1 to 7 A 1 to 10 10

INTERNAL ASSESSMENT TESTS 02

Total sessions 78

Course-PO Attainment Matrix

Course Programme Outcomes

1 2 3 4 5 6 7 8 9 10

E-COMMERCE

LAB 3 3 3 3 3 3 3 3 3 3

Level 3- Highly Addressed, Level 2-Moderately Addressed, Level 1-Low Addressed. Method is to relate the level of PO with the number of hours devoted to the COs which address the given PO. If >40% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 3 If 25 to 40% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 2 If 5 to 25% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 1 If < 5% of classroom sessions addressing a particular PO, it is considered that PO is considered not-addressed.

UNIT 1: INTRODUCTION TO E-COMMERCE:

Internet and Commerce: Business Operations - E-commerce Practices versus

Traditional Business Practices - Concepts of b2b, b2c, c2c, b2g, g2h, g2c - Benefits of

E-Commerce to Organization, Consumers, and Society - Limitations of E-Commerce -

Management Issues relating to implementation of E-Commerce.

13 Hours

UNIT 2: OPERATIONS OF E-COMMERCE:

Operations of E-commerce – Debit and Credit Card Transactions - Secure Hypertext

Transfer Protocol (SMTP) - Electronic Payment Systems - Secure Electronic Transaction

(SET) - SET's Encryption – Process - Cyber cash - Smart cards - Indian Payment Models.

20 Hours

UNIT 3: APPLICATIONS IN E-COMMERCE:

Applications in B2C - Consumers' Shopping Procedure on the Internet - Impact on

Disintermediation and Re-intermediation - Global Market- Strategy of Traditional

Department Stores - Products in B2C Model- Success Factors of E-Brokers - Broker Based

Services Online - Online Travel and Tourism Services - Benefits and Impact of E -

Commerce on Travel Industry - Real Estate Market - Online Stock Trading and Benefits -

Online Banking and its Benefits - Online Financial Services and their Future -

Implementation, and its Impact.

20 Hours

UNIT 4: E-GOVERNANCE:

Applications in Governance: EDI in Governance; E-Government; E-Governance -

Applications of the Internet - Concept of Government-to-Business - Business-to

Government and Citizen-to-Government - E-Govemance Models - Private Sector Interface

in E-Governance.

13 Hours

UNIT 5: BUSINESS MODELS:

Emerging Business Models: Retail Model - Media Model - Advisory Model – Made -

to Order Manufacturing Model - Do-It-Yourself Model - Information Service Model -

Emerging Hybrid Models - Emerging Models in India.

10 Hours


BOOKS RECOMMENDED:

1. Agarwala Kamlesh. N. and Agarwala Deeksha: Bridge to Online Storefront; Macmillan India, New Delhi.

2. Agarwala Kamlesh. N. and Agarwala Deeksha: Business on the Net Introduction to the E-Commerce;

Macmillan India New Delhi. PAGE 67

3. Agarwala Kamlesh. N. and Agarwala Deeksha: Bulls, Bears and The Mouse: An Introduction to Online

Stock Market Trading; Macmillan India New Delhi

4. Tiwari Dr. Murli D.: Education and E-Governance; Macmillan India New Delhi

5. Minoli Daniel, Minoli Emma: Web Commerce Technology Handbook; Tata McGraw Hill, New Delhi.

6. Minoli Daniel, Internet & Intranet Engineering: Tata McGraw Hill, 1999

7.Bhatnager Subhash and Schware Robert (Eds); Information and Communication Technology in

Development; Sage Publications India, New Delhi.

8.Amor, Daniel: E-business ® evaluation, The: Living and Working in an Interconnected World; Prentice

Hall.US.

9. Afuah, A., and Tucci, C: Internet Business Models and Strategies; McGraw Hill, New York.

10. Agarwala Kamlesh. N.:lntemet Banking;Macmillan India New Delhi.


Self Study Cases.

What

To

Whom

When/Where

(Frequency in

the Course)

Max.

Marks

(Prac)

Evidence

CO’s

Mapped

Direct

Assessment

Method

CIE

IA Test

ST

UD

EN

TS

2 Tests

(Average of 2 tests

will be Taken)

10 Prac

Record 1 – 5

Assignment

Graded Exercises

Assignment

10

05 Blue

Book/Log

of Activity

1 – 5

Total 25


Script 1 – 5

Indirect

Assessment

Method


Course

-NA-

Feed Back

Forms

1 – 5 delivery of

the Course

End of Course

Survey End of Course

Questio

nnaire

Effectiveness of

delivery of

Instruction and

assessment methods

*CIE – Continuous Internal Evaluation *SEE – Semester End Examination

Note: 1. I.A. test shall be conducted as per SEE scheme of valuation. However obtained

marks shall be reduced to 10 marks. Average marks of two tests shall be rounded off to

the next higher digit.


2. Rubrics to be devised appropriately by the concerned faculty to assess Student activities.


components (Bloom’s taxonomy) such as:

Sl. No Bloom’s Category %

Weightage

Weightage

1 Remembrance 10

2 Understanding 20

3 Application 70


Test/Date and


Max

Marks

Ex: I test/6 th

weak

of Sem 10 - 11

Am

V SEM E-COMMERCE LAB 20

Year: 2017-118 Course code:15MM57P


Units:1,2 Co: 1,2


Question


1

OR

U 1 1,2

2 A 1 1,2

3

OR

U/A 2 1,2

4 U 2 1,2


semester

1. Blue books (10 marks)

2. Record (10 marks)



Assessment Methods.




1 Developing

2 Satisfactory

3 Good

4

Exemplary 5

Score

Collection of

data

Does not

collect any

information

relating to the

topic

Collects

very limited

information;

some relate

to the topic

Collects

some basic

information;

refer to the

topic

Collects

relevant

information;

concerned

to the topic

Collects a

great deal of

information;

all refer to

the topic

3

Fulfill team’s

roles &

duties

Does not

perform any

duties assigned

to the team

role

Performs

very little

duties

Performs

nearly all

duties

Performs all

duties

Performs all

duties of

assigned

team roles

with

presentation

4

Shares work

equally

Always relies

on others to do

the work

Rarely does

the assigned

work; often

needs

reminding

Usually

does the

assigned

work; rarely

needs

reminding

Does the

assigned job

without

having to be

reminded.

Always

does the

assigned

work

without

having to be

reminded

and on

given time

frame

3

Listen to

other Team

mates

Is always

talking; never

allows anyone

else to speak

Usually

does most

of the

talking;

rarely

allows

others to

speak

Listens, but

sometimes

talk too

much

Listens and

contributes

to the

relevant

topic

Listens and

contributes

precisely to

the relevant

topic and

exhibit

leadership

qualities

3

TOTAL 13/4=

3.25=4


SCHEME OF EXAMINATION:

Sl.

NO. SCHEME

Max.

Marks

1 Verification of Lab Record 10

2 Writing Steps / Procedure to be followed 10

3 Execution of the given Questions 20

4 Viva voce 10

Total 50

COURSE TITLE: PROJECT WORK - I

Credits (L:T:P) 0:1:2 Total Contact Hours: Course Code: 15MM58P

Type of Course: Project Credit : - Core/ Elective: Core

CIE: 25 MARKS (5TH

SEMESTER) SEE: NO SEE

CIE: 25 MARKS (6THSEMESTER) SEE:50 MARKS

Pre-requisite: All the Courses of Modern Office Management Programme & its Inter

Disciplinary Courses.

COURSE DESCRIPTION:

The project is offered to the students in order to inculcate innovation attitude and develop skills. A

group of minimum four to maximum of 6 students work as a team for major project work.

Course Objectives:

The objective of the project is to develop capabilities, among the students, for a comprehensive analysis of implementation of Good Hygienic Practices in conducting investigation and report writing in a systematic way and to expand students understanding on the subject.

1. Plan and work out an action plan in a team for completion of a Management Oriented

Problem.

2. Instil students with skills of curiosity, initiative, independence, reflection and knowledge

transfer which will allow them to manage new knowledge in their professional careers.

3. Provide students with quantitative and qualitative tools to identify, analyze and develop

opportunities as well as to solve Management Oriented Problems.

4. Develop students’ ability to think strategically, and to lead, motivate and manage with teams.

5. Develop students’ written and oral communication competencies to enhance Managerial

Effectiveness;

6. Enhance students’ appreciation of the values of social responsibility, legal and ethical

principles, through the analysis and discussion of relevant articles and real time projects.

Course Outcomes: Upon successful completion of this course, students will be able to

Course Outcome CL Linked

PO

Teaching

Hrs

CO1

To reflect upon and explore problems in depth, to develop informed

Managerial decisions to tackle them, with skills of curiosity,

initiative, independence, reflection and knowledge transfer and to

demonstrate ability to pursue new knowledge necessary to share their

expertise in Commerce and Managerial Arena.

R/U/Ap/

Ay/C/E 1 to 10 15

CO2

Appreciate the values of social, legal and ethical responsibilities,

principles through the analysis and discussion of problem and real

time projects & will become lifelong learners, of the skills and

competences necessary for successful contribution to ensure

Egalitarian Society.

R/U/Ap/

Ay/E/C 1 to 10 14

CO3 Prepare Documents in team and enhance his written and oral

communication presentations in an orderly and meaningful form. R/U/C/E 1 to10 10

Total sessions 39

Programme outcome Attainment Matrix

Course

Programme Outcome

PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8 PO9 PO10

Bas

ic

kn

ow

led

ge

Dis

cip

lin

e

kn

ow

led

ge

Ex

per

imen

ts a

nd

pra

ctic

e

En

gin

eeri

ng

To

ols

En

gin

eer

and

soci

ety

En

vir

on

men

t

&

Su

stai

nab

ilit

y

Eth

ics

Ind

ivid

ual

an

d

Tea

m w

ork

Co

mm

un

icat

i

on

Lif

e lo

ng

lear

nin

g

PROJECT WORK-I. DOC 3 3 3 3 3 3 3 3 3 3

Level 3- Highly Addressed, Level 2-Moderately Addressed, Level 1-Low Addressed.

Method is to relate the level of PO with the number of hours devoted to the COs which address the given PO.

If >40% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 3

If 25 to 40% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 2

If 5 to 25% of classroom sessions addressing a particular PO, it is considered that PO is addressed at Level 1

If < 5% of classroom sessions addressing a particular PO, it is considered that PO is considered not-addressed.

ROAD MAP FOR THE PROJECT

1. Carry out a session or a seminar from the project committee / Programme coordinator with

the help of Innovation club / III cell for directing the students to identify project areas in any

of their interested field, and even it may be of interdisciplinary. Power point presentation in

seminars would include detail description of course, Project report formats, developing

personnel writing skills.

2. The students shall form their own Batch not less than 4 and maximum 6 and get registered

with project coordinator through Project Proposal Proforma (Appendix 7).Students should

take the approval from the project committee for the project.

3. After prior approval student should assign to the project guide in the beginning of 5th

semester.

4. Project should be finalized within a month (before first CIE) in the 5th

semester. 5. The types of project may include:

a) Field study (empirical study). b) Statistical and case studies c) Experimental investigation, d) Computational work, e) Data collection and its analysis, f) Comprehensive case study (problem formulation, analysis and recommendations), g) Comparison of practices/ validation of theory/ method of testing, survey of quality

Management practices The project should be challenging but manageable within the available resources and within the stipulated time.

6. Students should undergo reviews for three times in 5th

semester during the internal assessment

and three times in 6th

semester during the internal assessment. Time table for IA should

include project review; each review should be evaluated for 25 marks and average of 3

should be taken for both 5th

and 6th

semester.

7. The IA marks will be evaluated based on oral presentation and assessment by the Internal

Guide.

8. Real time problems, Industry and Management related problems should be chosen and it is

the responsibility of the project committee / Programme coordinator/ Innovation club / III

Cell to choose the appropriate project and to accept the Project Proposal through Proforma

(Appendix 7).

9. Identification of Topic: The selection of the topic is of paramount importance. It should be

decided based on your understanding of the Study in the field and interest. The Topic should

be discussed with the Project Coordinator. It should be in harmony with your areas of interest

and the specialization of the project supervisor. It is always better to identify a micro topic to

remain focussed and complete the project on the time and within the budget and available

resources. The topic should be clear, directional, focussed and feasible. 10. An outline of your project proposal from your end & synopsis will initiate a Dialogue

between you and your Project coordinator who will then help you to work on the chosen topic and report.

11. Students are advised to select project coordinator who are active professionals in the relevant area of the selected topic and the selected topic may be of any Programme/ Interdisciplinary/ other Institution/Industry approved by project committee/Innovation club/ III cell.

Course Assessment and Evaluation Scheme for 5th

semester

What To

whom

When/Where

(Frequency in the

course)

Max

Marks

Evidence

collected

Course outcomes

Dir

ect

Ass

essm

en

t m

eth

CIE

IA

Stu

den

ts

(Average

of three

reviews)

Review 1

25

1. Project Proposal

Proforma.

2. Project Synopsis.

3. Promising

Certificate of

Originality

4. Plan & Schedule

5. Presentation hand

outs

CO1, CO2, CO3

Review 2

Reviews 3

End of the Course No SEE for the 5th

semester only CIE SEE

End

Exam

Ind

irec

t A

sses

smen

t

Student

Feedback on

course

Stu

den

ts

Middle of the course Feedback forms

CO1Delivery of

course

End of Course

Survey

End of the course Questionnaires

CO1 to CO3

Effectiveness of

Delivery of

instructions &

Assessment Methods

*CIE – Continuous Internal Evaluation *SEE – Semester End Examination

List of Documents to be produced during All three REVIEWS in V semester (During CIE)

Document 1. Project Proposal Proforma. (Appendix 7) All the items should be filled. The

signatures of the students, coordinator, III cell (Industry Institute Interaction cell) Coordinator/

Program coordinator should be present. Approval of III coordinator/Program coordinator through

discussion is mandatory for choosing the appropriate project.

a) Project Synopsis. (Appendix 6 ) The synopsis should clearly state the objectives and

research methodology, sampling, instruments to be used, limitations, if any and future direction for

further research. Both Guide and the Student should sign on the Project Synopsis. The

methodology you intend to adopt to carry out your study – tools and techniques to be used, if any

are to be incorporated in the synopsis itself.

b) Project involves any field work

Document 2. Promising Certificate of Originality (Appendix 5) should be filled and it should

contain the signatures of Students.

Document 3. Plan & Schedule - Plan & Schedule may be re-scheduled for every submission, if the

occasion arises.

Document 4. Presentation hand outs on past, present and future activities to be carried out in the

project

Note:

a) All signatures should be accompanied by the date of signature.

b) Re-submission of Project Proposal: In case of non-approval of the proposal, the

comments/suggestions for reformulating the project will be communicated to the

student. In such case, the revised project synopsis should be submitted with the revised

project proposal pro forma and a copy of the rejected synopsis and project proposal

pro forma bearing the comments of the evaluator.

List of Documents to be produced during All the three REVIEWS in VI semester

(During CIE)

1. Literature Survey

2. Plan & Schedule may be re-scheduled as and when necessary.

3. Presentation of past, present & future progress of the project.

List of Documents to be produced during SEMESTER END EXAMINATION

Final REVIEW

1. Project report

2. Presentation of project

3. Comments of the project guide on the project work (not more than 1 page)

APPENDIX 1 (Cover page) (A typical Specimen of Cover Page )

TITLE OF PROJECT REPORT

<1.5 line spacing>

A PROJECT REPORT



Submitted by

<Italic>

NAME OF THE CANDIDATE(S)



in partial fulfillment for the award of the diploma

of

<1.5 line spacing><Italic>

DIPLOMA IN CIVIL ENGINEERING PROGRAMME



IN DEPARTMENT OF CIVIL ENGINEERING



LOGO

NAME OF THE COLLEGE



DEPARTMENT OF TECHNICAL EDUCATION

BENGALURU-560001

<1.5 line spacing>

Year of submission: ( MONTH & YEAR)

APPENDIX 2 (Title page) (A typical Specimen of Title Page)

A Project Report

on

<TITLE OF THE PROJECT WORK>

Submitted for partial fulfillment of the requirements for the award of the

of

DIPLOMA IN CIVIL ENGINEERING

IN

DIPLOMA IN CIVIL ENGINEERING PROGRAMME

BY

BATCH

<Mr. / Ms. Name of the Student (Roll No.)>





Under the guidance of

<Name of the Staff>

Professor

Department of CSE

CBIT, Hyderabad.

Department of Civil Engineering

<<NAME OF INSTITUTE>>

<<ADDRESS OF INSTITUTE>>

APPENDIX 3 (Certificate)

(A typical specimen of Bonafide Certificate)



DEPARTMENT OF TECHNICAL EDUCATION

BENGALURU-560001



BONAFIDE CERTIFICATE



Certified that this project report “……….TITLE OF THE PROJECT……………..”

is the bonafide work of “…………..NAME OF THE CANDIDATE(S).…………”

who carried out the project work under my supervision.

<<Signature of the Head of the Department>><<Signature of the Project cordinator>>

SIGNATURE SIGNATURE

<<Name>> <<Name>>

HEAD OF THE DEPARTMENT PROJECT CORDINATOR

<<Academic Designation>>

<<Department>> Department of Civil Engineering

<<Full address of the Dept & College >> <<Full address of the Dept & College >>

Examiners 1......................<<Signature, Name, Designation& Address>>........

Examiners 2......................<<Signature, Name, Designation& Address>>........

Directorate Of Technical Education MOM

APPENDIX 4 (A typical specimen of table of contents) 

TABLE OF CONTENTS

PAGE NOS.

BonafideCertificate ...............................................................................................i

Certificate ..............................................................................................................ii

Declaration........................................................................................................iii

Dedication (if any).............................................................................................. iv

Acknowledgements ............................................................................................v

List of Figures ................................................................................................... vi

List of Photographs........................................................................................... vii

List of Graphs..................................................................................................viii

List of Tables..................................................................................................... ix

List of symbols................................................................................................. x

List of Abbreviations and Nomenclature.......................................................... xi

Abstract.............................................................................................................. xii

CHAPTER I

INTRODUCTION 01 – 09

1.1Objectives 01

1.2 Problem specification 02

1.3Methodologies 05

1.4Contributions 07

1.5Layout of the thesis 08

CHAPTER II

LITERATURE REVIEW/SURVEY10 – 25

CHAPTER III

PROBLEM SPECIFICATION 26 – 30

CHAPTER IV

SYSTEMDESIGN 31 – 40

CHAPTER V

IMPLEMENTATION ISSUES 41 – 47

CHAPTER VI

CONCLUSIONS & FUTURE ENHANCEMENTS /

RECOMMENDATIONS 48 – 55

6.1 Observations

6.2 Result Analysis

6.3 Limitations

6.4 Future works & concluding remarks REFERENCES 56

APPENDIX 57 – 80

SAMPLE CODE SEGEMENTS

CERTIFICATES 1. Company certificate(if any) on Company letter head, College certificate on COLLEGE

LETTER HEAD with Guide, HODs signatures. Declaration of students’ signatures on A4

paper.Acknowledgements in the respective order.

CERTIFICATE

This is to certify that the project work entitled “<Title Of The Project Work>” is a bonafide

work carried out by <Mr. / Ms. Name of the Student (Roll No.)>, <Mr. / Ms. Name of the Student

(Roll No.)>in partial fulfillment of the requirements for the award of DIPLOMA INCIVIL

ENGINEERING PROGRAMMEby the DEPARTMENT OF TECHNICAL EDUATION-

BENGALURU-560001, under our guidance and supervision.

The results embodied in this report have not been submitted to any other university or institute for

the award of any degree or diploma.

Internal Guide Head of the Department

<Name of the Staff> <Name> <Designation> Department of Civil engineering Department of Civil engineering

<Institute Name> <Institute Name>.

DECLARATION

This is to certify that the work reported in the present project entitled “<Title Of The Project

Work>” is a record of work done by us in the Department of Civil engineering, <Name of

institutions>. The reports are based on the project work done entirely by us and not copied from any

other source. I declare that this written submission represents my ideas in my own words and where

others' ideas or words have been included, I have adequately cited and referenced the original

sources. I also declare that I have adhered to all principles of academic honesty and integrity and

have not misrepresented or fabricated or falsified any idea/data/fact/source in my submission. I

understand that any violation of the above will be cause for disciplinary action by the Institute and

can also evoke penal action from the sources which have thus not been properly cited or from whom

proper permission has not been taken when needed.

<Mr. / Ms. Name of the Student >

ACKNOWLEDGEMENTS

I would like to express my sincere gratitude and indebtedness to my project supervisor ________

for his/her valuable suggestions and interest throughout the course of this project

I am also thankful to Head of the department <Name> for providing excellent infrastructure and a

nice atmosphere for completing this project successfully

I convey my heartfelt thanks to the lab staff for allowing me to use the required equipment

whenever needed

Finally, I would like to take this opportunity to thank my family for their support through the

work. I sincerely acknowledge and thank all those who gave directly or indirectly their support in

completion of this work

(Name of the student)

LIST OF FIGURES

A list of figures with figure number, figure title and page number and a list of tables with table

number, table name and page number should be listed after abstract in a separate page for each with

roman numbers like ii, iii..etc.

FOR EXAMPLE:

LIST OF FIGURES

Figure 1.1 Block diagram of xyz model Page no. 4

Figure 2.2 ------------------------------------- --------------

LIST OF TABLES

FOR EXAMPLE:

LIST OF TABLES

Table 1.1 Name of the table Page no. 5

Table 2.2 -------------- ----------


APPENDIX 5

PROMISING CERTIFICATE OF ORIGINALITY

This is to certify that the project report chosen entitled_________________________

Submitted to DEPARTMENT OF TECHNICAL EDUCATION in partial fulfilment of the

requirement for the award of the Diploma in MODERN OFFICE MANAGEMENT, will

be a original work carried out by Mr./

Ms._______________________________________________

The matter embodied in this SYNOPSIS is a genuine and project chosen by me will not be

copied by any other source requirement of any course of study.

Enrolment No: _____________ under the guidance of

Mr/Ms____________________

Nameof the student

Signature of the Student

Enrolment No :


Appendix 6

Format of Synopsis

1. Title of the Project

2. Objectives of the study

3. Rationale for the study

4. Statement of the Problem

5. Detailed Methodology to be used for carrying out the study

6. The expected contribution from the study (to perform any laboratory experiments)

7. List of activities to be carried out to complete the project (with the help of a bar chart

showing the time schedule)

8. Places/labs/equipment and tools required and planning of arrangements

9. Problems envisaged in carrying out the project, if any.

10. Brief description of project in 100 words


PROFORMA FOR PROJECT PROPOSAL (Appendix 7)

PROJECT PROPOSAL FORMAT

Name of the Organisation

Programme

Project title:

Names of Project Proponent groups

Area of the project

Project location:

Proposed starting date: Project duration:

Target date of completion

Sponsorors Self / Institute/Government / Industry/ Others

PROJECT DESCRIPTION BACKGROUND OF THE PROJECT/

SITUATION ANALYSIS

1. What prompted the project?

2. Is there an existing concern or potential problem

that you want to address?

Need and Justification of the project

OBJECTIVES OF THE PROJECT

OBJECTIVES STRATEGIES

What does the project hope to achieve? What are the strategies that must be done to

meet the objectives?

METHODOLOGY

Expected results of the project


DESIRED IMPACT AND OUTCOME OF

THE PROJECT

I. What are the long term effects of the project?

(Economic, social, cultural, institutional,

environmental, technological, etc.)

II. What are the specific measures to sustain the

project?

III. What are the linkages with other initiatives or

reforms in the sector and other development or

governance concerns?

Project implementation Plan (Follow up Plan) (Project work Plan)

**Note: Include Gantt chart if possible

PHASES OF

THE

PROJECT

(DATE)

ACTIVITIES OUTPUT /

TARGET

Project

PERSON

IN

CHARGE

RESOURCES

NEEDED

COST

Project Beneficiaries : Number of Beneficiaries from your project:

Location of Beneficiaries:

Budget Requirement Prepared Y/N Project budget:

RISK MANAGEMENT PLAN

I. What are the risks and factors that may hamper

or hinder the successful implementation of

project activities and achievement of project

outputs?

II. What are the measures that would mitigate the

adverse effects resulting from such risks?

PROJECT Coordinators Priority


Institution Staff /

Industry person name

Organisation name Designation Contact Details

DETAILED BUDGET REQUIREMENT

Budget Line Item Description Amount

OTHER RELEVANT INFORMATION

May include any other information that will support the request for funding, such as:

1. Brief enumeration of other stakeholders who pledged support to the project

2. Other projects that are lined-up to complement the current initiative.

ATTACHMENTS

1. Profile/brochure of the organization

2. Endorsement and recommendation letters

3. Other documents to support the request

Approved Not approved

(a) Name and designation of the Programme In charge

(b) Name and designation of other members (s) involved

Signature of the Programme In charge Signature of the Head/Director/Chairperson Date: Stamp


STYLISTIC AND GRAMMAR ADVICE

Apostrophes

One of the most common mistakes in student writing is incorrect use of the apostrophe (‘), as

in PC’s to mean a number of PCs. It is used in English to form contractions such as didn’t

(did not), can’t (cannot) and it’s (it is). These uses should be avoided in academic writing and

the words written out in full. The apostrophe is also used to denote possessive case, as in the

dog’s bone or the student’s assignment. The rule here is that of the intended noun is singular

(one dog) the apostrophe is placed before the s. The examples above refer to a single dog and

a single student respectively. If the intended noun is plural and regularly formed, the

apostrophe is placed before the s as in dogs’ (of the dogs). However if the noun has an

irregular plural, e.g. child – children, the apostrophe is placed before the s as in children’s.

Acronyms

Computing/engineering are fields in which acronyms are heavily used to avoid repetition of

long technical terms, e.g. RAM, LAN, VDU. Terms like VDU are now so commonly used by

the population at large that it is rapidly becoming admissible to use them without explanation.

However, most acronyms are familiar only to specialists within sub-fields of

computing/engineering. When using an acronym for the first time, always precede it with the

expanded version.

Colloquialisms

These are chatty, idiomatic or slang expressions that are appropriate in informal conversion

but have no place in your report. For example;

Once Pat pulled his finger out, the team started to come together better and eventually we

managed to hand something in that is pretty reasonable considering we didn’t know each

other much before this report.

A related point is that in academic and technical writing the use of the first person

‘I’ is avoided as much as possible. In similar way, avoid referring to the reader as ‘you’.

Grammar

Do be careful to write in full sentences and to proof read the document to ensure not only that

the text is grammatically sound, but also that it means exactly what was intended.

Jargon

Try to strike a good balance between use of jargon and appropriate use of technical terms.

There is no merit in using so much obscure terminology that the document is virtually

unreadable, but on the other hand, failure to use key words properly can lead to unnecessary

wordiness and tends to give an unprofessional impression. It is important to be consistent in

the use of terms, to define them if necessary and to use the same term for the same concept

throughout. Spelling There should be no excuse for spelling mistakes in a word processed document.

Spelling errors create a bad impression. Always use a spell checker, they are invaluable for

picking up typographical errors as well as genuine spelling mistakes. Note, however, that

spelling checkers cannot detect cases where the wrong word happens to be a real word e.g.

from – form. So a careful proof read is necessary.