Time Allowed:3 Hours
Maximum Marks : 150
QUESTION PAPER SPECITIC INSTRUCTIONS
1. There are eighteen (18) questions in all.
2. Candidate has to attempt any fifteen (15) questions in all.
3. Marks assigned to each question/part are given against it.
4. Word limit in questions, wherever specified should be adhered to.
5. Atternpts of questions shall be counted sequential order. Unless struck off, attempt of a question shall be counted even if attempted partly. Any page or portion of the page left blank in the answer booklet must be clearly struck off.
6. No extra/additional sheet will be provided.
7. Answer must be written in the authorized medium. No marks will be given for answers written in a medium other than the authorized one.
- Define business. How it is different from profession and employment. Support your answer with relevant examples’ [2 + 6 + 2 = 10 Marks]
- “Private company organisation is a compromise between partnership and public company.” critically examine this statement [10 Marks]
- Technology plays an important role in business services such as Banking, Insurance, Transportation, Warehousing and Communication”‘ Analyse this statement with suitable examples. [10 Marks]
- “Some argue that the WTO is the third pillar of global business. But many argue that WTO is the Wrong Trade Organisation”. Critically Comment. [5 + 5 =10 Marks]
- In the current economic scenario, discuss the various sources of finance for raising funds from market. Enlist the factors on which the organisations choose the sources for funding’ [8 + 2 =10 Marks]
- “CSR as a business strategy for sustainable development”. Substantiate your answer with at least five arguments. [10 Marks]
- Describe the linkages among the elements of environmental analysis. [10 Marks]
- “Performance evaluation discourages creativity”. Justify your stand by providing five arguments. [10 Marks]
- “Operating risk is associated with cost structure whereas financial risk is associated with the capital structure of a business concem”. Critically examine this statement. [3 + 7= 10 Marks]
- Make a comparison between theories of motivation of Herzberg and Maslow. [10 Marks]
- Explain how 7Ps play an important role in the formulation of marketing strategy. [10 Marks]
- “BPR requires fundamental rethinking and radical redesign of business processes”. Comment. [7 + 3= 10 Marks]
- “Accounting is the language of business and useful for management”. Elucidate with an example. [10 Marks]
- Arun Ltd invited applications for 10,000 shares of Rs. 100 each. On application Rs. 25, on allotment Rs. 25, on First call Rs. 25 and on final call Rs. 25. The applications were received for 9,000 shares and were accepted in full. All money due was received except first and final call money on 200 shares, which was forfeited. Out of these shares, 100 shares were subsequently re-issued @Rs 90 per share. You are required to pass journal entries in the book of Arun Ltd. [10 Marks]
- The following is the amended cash book prepared by a Trader as on 31st March 2020
Amended Cash Book
Rs. Rs. To Sundry Debtors (Re: Receipt of a cheque dated 20-03-2020) 9,000 By Bal B/d 2,50,000 To Dividend from Investment 50,000 By Sundry Creditors (Re: Payment of a cheque dated 15-3-2020) 1,50,000 To Interest on Overdraft 63,000 By Sundry Debtors (Cheque Dishonoured) 1,00,000 To Bal C/d 3,78,000 5,00,000 5,00,000 Additional information :
(i) Amount of cheque dated 20-3-2020 of Rs. 65,000 is wrongly shown in the withdrawal column of pass book.
(ii) Withdrawal column of the Bank Pass book was under cast by Rs. 15,000.
(iii) Actual amount of dividend received from investment is Rs. 56,000.
(iv) Bank had debited Rs. 18,500 towards interest on overdraft.
(v) Amount of the cheque dated 15-03-2020 paid to a creditor is Rs. 75,000 not yet presented for payment
Starting from the pass book balance, prepare a Bank Reconciliation Statement as on 31st March 2020 to arrive at the cash book balance before amendment. [10 Marks] - Usha Ltd. had the following condensed Trial Balance at the end of 31st March 2022:
Rs. Rs. Cash 7,500 Current Liabilities 15,000 Trade Receivable 30,000 Long-term Notes Payable 22,500 Investments 20,000 Bonds Payable 25,000 Plant assets 67,500 Capital Stock 75,000 Land 40,000 Retained Earning 24,500 1,65,000 1,65,000 During 2022-2023 the followings occurred :
(i) A tract of land was purchased for Rs. 7,750 cash.
(ii) Bonds payable in the amount of Rs. 6,000 were retired for cash at face and book value.
(iii) An additional Rs. 20,000 equity shares were issued at par for cash.
(iv) Dividends totalling Rs. 9,375 were paid.
(v) Net income for 2022-23 was Rs. 28,450 after allowing for depreciation of Rs. 9,500
(vi) Land was purchased through the issuance of Rs. 22,500 in bonds.
(vii) Usha Ltd sold part of its investments portfolio for Rs. 12,875 cash. This transaction resulted in a gain of Rs. 1,375 for the firm.
(viii) Current liabilities increased to Rs. 18,000 at 31 -03-2023.
(ix) Accounts receivable at 31st March 2023 total Rs. 38,000.
Prepare a statement of cash flows for 2022-23 with the indirect method [AS-3 (Revised)] [10 Marks] - Goverdhan Ltd. maintains margin of safety of 37.5% with an overall contribution to sales ratio of 40%, its fixed cost amount to Rs. 5 lacs.
Calculate the following:
1. Break even sales
2. Total sales
3. Total variable cost
4. Current profit
5. New margin of safety, if sales volume increased by 7.5% [2 × 5 =10 Marks] - Describe the different types of relationships in Database Management System with their merits and demerits. [10 Marks]
“Out of 18 questions, 12 questions are from the Business Studies section and the remaining 6 questions are from the Accounting section.”