Assignment Questions for M.Com. Part I (Sem. I) Oct./Nov. 2016

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1 Assignment Questions for M.Com. Part I (Sem. I) Oct./Nov Instructions for Assignment Submission Please note following instructions for submission of Assignments: 1. These assignments should be submitted only by those students who have registered for M.Com. Part I (Sem. I) Distance mode Fresh and Repeaters, the examinations to be held in Oct./Nov For each subject s assignment the maximum marks obtainable are Attempt any two questions out of three. (Each question carry marks). 4. For each course / paper / subject, assignment should be Hand Written on a separate sheet. Only Blue Colored Ink Pen is to be used for Assignment Writing. 5. Only A4 / Assignment paper should be used for the Assignment Writing. 6. A separate set should be made for each subject. 7. A cover page as per the format given below on page number 2 should be attached on the top of the set for each subject. 8. Finally for a particular semester, one file should be made for all subjects. 9. Examination Hall Ticket must be attached with assignments when it submits to respective Study Centre.. Submit the assignments to the respective Study Centre where you had taken the admission for academic year It is the student s responsibility to ensure that the assignments reach the centre on or before the due date. No excuses of any kind for late or non-submission of assignments will be entertained. 12. If a student is unable to submit the assignment(s) in person, the student may at his / her own risk submit the assignment(s) through an acquaintance, fellow student or by courier. 13. Submit the assignments only when you will get the seat no. or generate Hall Ticket for Oct./Nov exam. In case of any query contact : Shri. Dattatray K. Kamalakar Course Co-ordintor, Commerce, Centre for Distance Education, Shivaji University, Kolhapur. Telephone: - (0231) cde_com@unishivaji.ac.in Last Date for Assignment Submission:- th Oct. 2016

2 M.Com. Part I (Sem. I) Oct./Nov Distance Mode Exam Seat No. :- Assignment for the Subject of Paper Number :- Subject Code :- Name of the Candidate :- Name of the Study Centre :- Address :- Pin Code :- Mobile No :- PRN Number :- Course :- M.Com. Part I (Sem. I) Distance Mode. Date of Submission of Assignments :- Signature of Student :- Marks obtained out of 20 :- Signature of Evaluator of Assignment :-

3 M.Com. Part I (Sem. I) Assignment Questions Note : 1. All questions carry equal marks. 2. Attempt Any Two for all Papers. Sub. : Management Concepts and Organizational Behavior Paper I (Management Concepts) Q.1 Explain the contribution of Peter Drucker towards management thought. Q.2 Explain Abraham Maslow s Need Hierarchy theory of motivation. a. Causes for Resistance to Change b. PERT & CPM Sub. : Managerial Economics Paper I Q.1 Explain the Law of Demand and elasticity of demand. Q.2 Discuss in brief short run and long run production function. a. Demand Forecasting b. Revealed Preference Theory Sub. : (Group a) Advanced Accountancy Paper I Q.1 The following are the Balance Sheets of the two companies as on 31/3/2016 Liabilities AB Ltd. CD Ltd. Assets AB Ltd. CD Ltd. Equity share capital,00,000 5,00,000 Land & 2,00,000 1,50,000 (Rs. each) Building General reserve 1/4/2015 1,00,000 1,00,000 Machinery 3,00,000 3,00,000 Profit and Loss A/c Stock 75,000 50,000 1/4/ ,000 30, ,000 40,000 Sundry creditors 70,000 50,000 Sundry debtors 50,000 60,000

4 Bills payable,000 5,000 Investment 5,00,000 in shares Bills,000 5,000 receivable Cash at 1,55,000 1,60,000 bank 12,90,000 7,25,000 12,90,000 7,25,000 a) AB Ltd. acquired 40,000 shares of CD Ltd. on 1//2015. b) Bills receivable of AB Ltd. include Rs. 3,000 accepted by CD Ltd. c) Sundry debtors of AB Ltd. include Rs.,000 due from CD Ltd. d) Stock of CD Ltd. include goods purchased from AB Ltd. for Rs. 30,000 which were invoiced by AB Ltd. At a profit of 25% on the invoice price. Prepare a consolidated Balance Sheet of AB Ltd. and its subsidiary CD Ltd. as on 31/3/2016. Q.2 Shri Gajanan operates a retail business for a financial year, the following data is given Particular At retail price At cost Value of opening inventory 80,000 60,000 Value of purchases 1,40,000 1,20,000 a) Calculate the cost of closing stock, if the sales made during the period is Rs. 2,00,000. b) Can different methods of depreciation be followed for the same class of assets used in different plants? c) ABC Ltd. has paid a royalty amount of Rs. 5,00,000 to PQR Ltd. for using a technical know how received from the latter. How this amount can be recognized by PQR Ltd. a. Need of Accounting Standards b. Minority Interest Sub. : (Group a) Advanced Accountancy Paper II (Auditing) Q.1 Explain the special points to be considered in audit of Insurance Company. Q.2 State the various types of opinions that an auditor express in his report. a. Internal Audit, Statutory Audit and Cost Audit

5 b. Special features of Bank Audit Sub. : (Group b) Advanced Costing Paper I Q.1 Differentiate between cost accounting and financial accounting. Q.2 The following information is given by personnel department of PQ Ltd. No. of workers on the payroll: At the beginning of the month 900 At the end of the month 10 During the month of October, workers left, 40 workers were discharged and 150 workers were recruited. Of these, 25 workers were recruited in the vacancies of those leaving, while the rest were engaged for an expansion scheme. You are required to calculate the labour turnover by applying a) Separation method b) Replacement method c) Flux Method a. Time and Motion Study b. LIFO Sub. : (Group b) Advanced Costing Paper II Q.1 Explain various types of service costing (Hotel, Power, Transport & Hospital) Q.2 Describe the methods of reapportionment of overheads. a. Process Costing b. Joint and By Products Sub. : (Group c) Taxation Paper I (Income Tax) Q.1 Describe the Exemptions U/S.

6 Q.2 Solve the following problem. Mr. B is an employee of a company, in a city with population of 30lakhs furnishes the following particulars of his income for the previous year Basic salary Rs per month 2. Dearness allowance at Rs per month 3. Tour allowance Rs. 300 per month for office duties 4. Entertainment allowance Rs.00 per month (he was receiving from the company Rs. 200 pm prior to ) 5. He contributes % of his salary to a recognized provident fund and his employer contribute an equal amount 6. He has been provided with a rent free accommodation of the fair rent of Rs per year. The cost of furnishing provided amounted to Rs Mr. B is owner of a house property of the municipal value of Rs It has been let out at Rs. 800 per month. Municipal taxes amount to % of the municipal value and 25% of the municipal taxes are borne by the tanent. Mr. B received interest on government securities amounting to Rs during the year and he paid professional Rs. 200pm. Compute his Total Income for the A.Y a. Residential Status b. Tax Liability Sub. : (Group c) Taxation Paper II (Income Tax) Q.1 Discuss the provisions relating to clubbing of Income.

7 Q.2 Solve the following problem. From the following particulars furnished by the Karta of a HUF compute the total income of the family for the AY Profit from the business Rs Salary received by a member of a family employed in a government department Rs Directors fees received by the karta Rs Municipal value of the property let out ( Rent receivable Rs. 8400) Rs Municipal Taxes paid on above property Rs Dividends from co-operative society Rs Contribution to Unit Linked Insurance Plan of UTI Rs Donations to National Children Fund Rs During the year the family sold one of its buildings for Rs which was purchased on for Rs It also sold shares for Rs which were purchased on for Rs The cost inflation indices for the financial year and were Rs. 140 and 785 respectively. a. Set off and carry forward of losses b. E and Online Payment of Tax Sub. : (Group d) Advanced Banking and Financial System Paper - I (Law and Practice of Banking in India) Q.1 Describe the detail functioning of SEBI. Q.2 Discuss in detail Provisions regarding Paying Bank in Negotiable Instruments Act a. Stock Exchange b. Mortgage and Pledge Sub. : (Group d) Advanced Banking and Financial System Paper - II (Bank Management) Q.1 Describe in brief functions of Bank Management.

8 Q.2 State the meaning of Cash Management and its objectives. a. Funds Management b. Sources of Deposits Sub. : (Group e) Cooperation and Rural Development Paper I (Principles of Cooperation) Q.1 What is the role of state in Co-operative Movement? Q.2 State the main provisions of Maharashtra Cooperative Act a. Origin of Co-operation b. Credit Planning Sub. : (Group e) Cooperation and Rural Development Paper II (Rural Economy in India) Q.1 Elaborate the Nature and Features of Rural Economy. Q.2 What are the problems and remedies and present position of Manpower Resources? a. Rural road and transport b. Farm Management Sub. : (Group f) Business Administration Paper I (Introduction to Business Administration) Q.1 What is mean by business administration? State its characterisitics. Q.2 Explain the micro and macro elements of business environment. a. Situation analysis b. Social audit

9 Sub. : (Group f) Business Administration Paper II (Functional Areas of Management: HR and Production) Q.1 Give detail note on Performance Appraisal methods. Q.2 Discuss the objectives of Operation Management. a. CAM b. TQM

Assignment Questions for M.Com. Part I (Sem. I) Mar./Apr. 2017

Assignment Questions for M.Com. Part I (Sem. I) Mar./Apr. 2017 Instructions for Assignment Submission Please note following instructions for submission of Assignments: 1. These assignments should be submitted