Course Code : AMK-01
Course Title : Marketing
Assignment Code : AMK-01/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. (a) What is sales promotion? Describe the various sales promotion tools used by
marketers.
(b) Explain the concept of product life cycle with suitable example.
(10+10)
2. Differentiate between the following:
(a) Marketing Mix and Promotion Mix
(b) Durable Goods and Non-durable Goods
(c) Sales Promotion and Personal Selling
(d) Selling Concept and Production Concept of Marketing
(4×5)
3. Comment on the following statements:
(a) Packaging is not different from labeling
(b) Trademark can be copied by another manufacturer
(c) Penetration pricing is a profitable strategy
(d) Market segmentation is required for effective marketing
(4×5)
4. Define culture. How does it influence consumer behavior? Explain with example.
(20)
5. Write short notes on the following:
(a) Objectives of Pricing
(b) Break even point analysis
(c) F.O.B. Factor Pricing
(d) Price discrimination
(4×5)
TUTOR MARKED ASSIGNMENT
Course Code : AOM-01
Course Title : Office Organisation and Management
Assignment Code : AOM-01/TMA/2015-16
Coverage : All Blocks
Maximum Marks : 100
Attempt all questions.
1. Forms control has been referred to “one of the essential tools of office
management”.
What do you understand by forms control? State how will you initiate a system of forms
control in an organization with which you are familiar and enumerate the benefits you
would expect from it?
(20)
2. Explain the significance of internal office communication. Mention the types of internal
communication found in a modern office.
(20)
3. Bring out clearly the functions of an office manager. What in your opinion, should be the
essential qualifications of an office manager?
(20)
4. Write short notes on the folowing:
i) Handling of Stationery in Stores
ii) Communication Machines
iii) Filing Methods
iv) Electronic Fund Transfer (EFT)
(4×5)
5. Distinguish between the following:
i) E-Commerce and M-Commerce
ii) Email and Mail
iii) Hardware and Software
iv) Management & Administration
TUTOR MARKED ASSIGNMENT
Course Code : ECO-03
Course Title : Management Theory
Assignment Code : ECO-03/TMA/2015-16
Coverage : All Blocks
Maximum Marks : 100
Attempt all questions.
1. “Management Principles focus on one of the best way of doing things and are
prescriptive”. Do you agree? Give reasons and explain various principles of
management.
(6+14)
2. What is meant by morale? Outline the factors that influence the morale of employees in
an organization. What is the significance of leadership vis a vis morale?
(4+8+8)
3. Distinguish between the following:
i) Strategic and Tactical Planning
ii) Autocratic Style and Authoritative Style
iii) Formal Communication and Informal Communication
iv) PERT and CPM
(4×5)
4. Briefly comment on the following:
i) Individual behaviour is closely liked with group behaviour.
ii) Medium range plans have duration of more than one year.
iii) Delegation is essential for management but decentralization is optional.
iv) Organizational efficiency is ensured with the help of controls.
(4×5)
5. Write Short Notes on the following:
i) Span of Control
ii) Recruitment
iii) Process of control
iv) Leadership Effectiveness
(4×5)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 05
Course Title : Mercantile Law
Assignment Code : ECO – 05/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. (a) All contracts are agreements but all agreements are not contracts. Comment.
(b) Define offer and distinguish between ‘offer’ and ‘invitation to offer’ with examples.
(10+10)
2. What is ‘fraud’? State its essentials and consequences.
(6+14)
3. Explain the following:
i. Stranger to a contract.
ii. Agency coupled with interest.
(10+10)
4. (a) ‘The liability of surety is co-extensive with that of principal debtor’. Elucidate.
(b) An unregistered partnership firm is not illegal but its rights are not enforceable.
Comment.
(10+10)
5. State the rules regarding transfer of ownership from seller to buyer in a sale of goods.
(20)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 06
Course Title : Economic Theory
Assignment Code : ECO – 06/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Describe the law of equi-marginal utility. Explain it with the help of a diagram. How does a
consumer attain equilibrium?
(20)
2. What do you mean by Elasticity of Demand? How would you measure the price Elasticity
of Demand?
(20)
3. What do you understand by production possibility curve? Illustrate it with the help
of a
suitable example.
(20)
4. Explain a firm’s short period equilibrium under perfect competition with the help
of
suitable diagram.
(20)
5. Write short notes on the following:
(a) Cardinal approach to utility
(b) Quasi rest
(c) Extension of demand
(d) Competitive wages
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 07
Course Title : Elements of Statistics
Assignment Code : ECO – 07/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Define ‘Classification’. Explain the purpose and methods of classification of data giving
suitable examples.
(20)
2. “Statistical methods are most dangerous tools in the hands of the inexpert.” Explain the
significance of this statement.
(20)
3. Find out missing frequencies in the following incomplete distribution:
Measurement 0-10 10-20 20-30 30-40 40-50
Frequency 3 ? 20 12 ?
The values of Median and Mode are 27 and 26 respectively.
(20)
4. The arithmetic mean and the standard deviation of a series of 20 items are 20 cms. and 5
cms. respectively. But while calculating them, an item 13 misread as 30. Find the correct
mean and correct standard deviation.
(20)
5. Calculate Karl Pearson’s coefficient of skewness from the following data:
Class 40-60 30-40 20-30 15-20 10-15 5-10 3-5 0-3
Frequency 25 15 12 8 6 4 3 2
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 08
Course Title : Company Law
Assignment Code : ECO – 08/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions
1. What do you mean by illegal association? What are its exceptions? Explain the consequences
of an illegal association?
(4+6+10)
2. (a) Discuss the privileges enjoyed by a private company.
(b) Explain the ways in which a promoter is given remuneration.
(10+10)
3. Explain the doctrine of Indore Management. What are its exceptions? Discuss with examples.
(10+10)
4. (a) Explain the various ways in which a person may become a member of a Company.
(b) What is a Share Certificate? When must it be issued? What are the effects of a
Share
Certificate?
(10+10)
5. Explain the powers and duties of a Director.
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 09
Course Title : Money, Banking and Financial Institutions
Assignment Code : ECO – 09/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Why is money demanded? How is the Keynesian approach different from the classical
approach in this regard?
(20)
2. Explain the establishment, structure and functions of the State Bank of India.
(20)
3. What is meant by money market? Discuss the significance of money market in a modern
economy.
(20)
4. Describe the working of the IMF. How does it help member countries in dealing with their
temporary balance of payments problems?
(20)
5. Write short notes on the following:
(a) General Leading Principal of World Bank
(b) Regional Rural Banks
(c) Economic Significance of Banking
(d) Branch Banking
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 10
Course Title : Elements of Costing
Assignment Code : ECO – 10/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Define Cost Accounting. What are its main objectives? How does it help in planning
and
control of business operations of an enterprise?
(20)
2. (a) Two components A and B are used as follows:
Normal usage 50 per week each
Minimum usage 25 per week each
Maximum usage 75 per week each
Re-order quantity A 300 B 500
Re-order period 4 to 6 weeks
Calculate for each component
(i) Re-order level (ii) Minimum level (iii) Maximum level
(b) What is meant by perpetual inventory control system?Describe its advantages.
(10+10)
3. Define overheads. Discuss various principles of apportionment of overheads. Give few
examples of the bases used for apportionment.
(20)
4. Explain the need for reconciliation of cost and financial accounts. Describe the procedure to
be adopted for their reconciliation.
(20)
5. X Manufacturing Company’s product passes through two distinct processes A and B then to
Finished Stock. It is known from past experience that wastage occurs in the process
as
follows: in Process A, 5% of the units entering the process and in Process B, 10% of the units
entering the process. The scrap value of wastage in process A is Rs. 16 per 100 units and in
Process B is Rs. 20 per 100 units. The process figures are:
Process A Process B
Rs. Rs.
Materials consumed 6,000 3,000
Wages 7,000 4,000
Manufacturing Expenses 2,000 2,000
5,000 units were brought into Process A, costing Rs. 5,000. The outputs were: Process
A=4,700 units, Process B=4,150 units. Prepare Process Accounts showing the cost of the
output.
(20)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 11
Course Title : Element of Income Tax
Assignment Code : ECO – 11/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. How is residence of an assesse determined? Explain tax liability on the basis of residence.
(20)
2. Shri A. K. Rana is an employee in a company in Mumbai. He received the following
remuneration in previous year:
Basic Salary Rs. 5000 per month
Dearness allowance (under terms of employment) Rs. 500 per month
House Rent Allowance (Rent paid Rs. 1500 per month) Rs. 1000 per month
He retired on 1
st
January, 2014 after 20 years of service. He was paid Rs. 6000 gratuity
and Rs. 50,000 of unrecognized provident fund. He was given pension of Rs. 800 per
months. He was not covered under payment of Gratuity Act. Employer and employee’s
contribution is equal.
Salary and pension become payable on the last day of each month for the assessment year
2014-15 compute Mr. A. K. Rana’s taxable salary.
(20)
3. What do you understand by annual value? Explain the deduction allowed from annual
value.
(20)
4. Compute ‘income from other sources’ of Dr. Ashish Agrawal for the assessment year
2014-15 from the following particulars of previous year 2013-14:
i. Found Rs. 10,000 lying on road
ii. Income from card games Rs. 2000
iii. Income from Royalty Rs. 6000
iv. Remuneration received Rs. 4000 for being an examiner
v. Remuneration received Rs. 1000 for articles written for magazines.
vi. Income from agricultural law in Kathmandu (Nepal) Rs. 11000
vii. Income from fisheries Rs. 3000
viii. Amount Rent of Law received Rs. 4000
ix. Interest received on bank deposit Rs. 1500
x. Dividend received Rs. 3000 on shares of Indian Company
xi. Winnings from Lottery Rs. 2000
xii. Winnings from Horserace Rs. 1500
(20)
5. Write short notes on the following:
(a) Exempted Incomes
(b) Perquisites
(c) Exempt Capital Gains
(d) Deduction of interest on loan taken for Higher Education (80E)
(4×5)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 12
Course Title : Elements of Auditing
Assignment Code : ECO – 12/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Define Auditing. Explain its objectives and advantages.
(20)
2. What is meant by verification? How does it differ from valuation? How would you verify the
following?
a) Goodwill
b) Plant and Machinery
(10+10)
3. Discuss the main provisions of company law regarding the appointment, duties and removal
of an auditor.
(20)
4. What important documents would you inspect before commencing the audit of a company?
Explain.
(20)
5. Write short notes on the following:
a) Cost Audit
b) Clean and Qualified Report
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 14
Course Title : Accountancy - II
Assignment Code : ECO – 14/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. (a) Give specimen of company’s balance sheet as per part I of schedule VI of
Indian
Companies Act, 1956.
(b) Differentiate between Profit & Loss Account and Profit & Loss Appropriation
Account.
(10×2)
2. X Ltd. sends goods to its Karnal branch at cost plus 25%. All expenses are paid by H.O.
From the following particulars you are required to show Branch Debtors Account, Branch
Stock Account, Stock Adjustment Account and Branch Profit & Loss Account in the books
of Head Office:
Particulars Amount (Rs.)
Opening Stock 36,000
Closing Stock 42,000
Opening Debtors 27,500
Closing Debtors 41,100
Goods Supplied to Branch 1,94,000
Cash received from Customers 98,800
Bad Debts 6,000
Discount 1,600
Expenses 5,200
Cash Sales 58,400
Goods returned by Branch 8,000
Branch’s Furniture (Provide 20% Depreciation) 10,000
(20)
3. M/s Raj and Bros. purchased a motor car from Sanjaya Automobiles on 1
st
Jan. 2012 on the
hire-purchase system. The cash price of the motor car was Rs. 11,170. Rs. 3,000 was to be
paid on signing the agreement and the balance in the three annual installments of Rs. 3,000
each. Interest @ 5% p.a. is charged by the vendor. The purchaser had decided to write off
10% depreciation annually on the written down value method. The purchaser could not pay
off the installment due on 31
st
Dec., 2013 and as a result of this, the vendor took possession
of the motor-car and the vendor estimated its value Rs. 5,500 and spent Rs. 400 on it. Later
on, this motor-car was sold for Rs. 6,400. Prepare necessary accounts in the books of both
the parties.
(20)
4. Why are assets and liabilities revalued at the time of admission of a new partner? Prepare a
Revaluation Account with the help of imaginary figures.
(20)
5. Write short notes on the following:
(a) Pro-rata Allotment of Shares
(b) Issue of shares at discount
(c) Re-issue of forfeited shares
(d) Over subscription of shares
(4×5)
Course Title : Marketing
Assignment Code : AMK-01/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. (a) What is sales promotion? Describe the various sales promotion tools used by
marketers.
(b) Explain the concept of product life cycle with suitable example.
(10+10)
2. Differentiate between the following:
(a) Marketing Mix and Promotion Mix
(b) Durable Goods and Non-durable Goods
(c) Sales Promotion and Personal Selling
(d) Selling Concept and Production Concept of Marketing
(4×5)
3. Comment on the following statements:
(a) Packaging is not different from labeling
(b) Trademark can be copied by another manufacturer
(c) Penetration pricing is a profitable strategy
(d) Market segmentation is required for effective marketing
(4×5)
4. Define culture. How does it influence consumer behavior? Explain with example.
(20)
5. Write short notes on the following:
(a) Objectives of Pricing
(b) Break even point analysis
(c) F.O.B. Factor Pricing
(d) Price discrimination
(4×5)
TUTOR MARKED ASSIGNMENT
Course Code : AOM-01
Course Title : Office Organisation and Management
Assignment Code : AOM-01/TMA/2015-16
Coverage : All Blocks
Maximum Marks : 100
Attempt all questions.
1. Forms control has been referred to “one of the essential tools of office
management”.
What do you understand by forms control? State how will you initiate a system of forms
control in an organization with which you are familiar and enumerate the benefits you
would expect from it?
(20)
2. Explain the significance of internal office communication. Mention the types of internal
communication found in a modern office.
(20)
3. Bring out clearly the functions of an office manager. What in your opinion, should be the
essential qualifications of an office manager?
(20)
4. Write short notes on the folowing:
i) Handling of Stationery in Stores
ii) Communication Machines
iii) Filing Methods
iv) Electronic Fund Transfer (EFT)
(4×5)
5. Distinguish between the following:
i) E-Commerce and M-Commerce
ii) Email and Mail
iii) Hardware and Software
iv) Management & Administration
TUTOR MARKED ASSIGNMENT
Course Code : ECO-03
Course Title : Management Theory
Assignment Code : ECO-03/TMA/2015-16
Coverage : All Blocks
Maximum Marks : 100
Attempt all questions.
1. “Management Principles focus on one of the best way of doing things and are
prescriptive”. Do you agree? Give reasons and explain various principles of
management.
(6+14)
2. What is meant by morale? Outline the factors that influence the morale of employees in
an organization. What is the significance of leadership vis a vis morale?
(4+8+8)
3. Distinguish between the following:
i) Strategic and Tactical Planning
ii) Autocratic Style and Authoritative Style
iii) Formal Communication and Informal Communication
iv) PERT and CPM
(4×5)
4. Briefly comment on the following:
i) Individual behaviour is closely liked with group behaviour.
ii) Medium range plans have duration of more than one year.
iii) Delegation is essential for management but decentralization is optional.
iv) Organizational efficiency is ensured with the help of controls.
(4×5)
5. Write Short Notes on the following:
i) Span of Control
ii) Recruitment
iii) Process of control
iv) Leadership Effectiveness
(4×5)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 05
Course Title : Mercantile Law
Assignment Code : ECO – 05/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. (a) All contracts are agreements but all agreements are not contracts. Comment.
(b) Define offer and distinguish between ‘offer’ and ‘invitation to offer’ with examples.
(10+10)
2. What is ‘fraud’? State its essentials and consequences.
(6+14)
3. Explain the following:
i. Stranger to a contract.
ii. Agency coupled with interest.
(10+10)
4. (a) ‘The liability of surety is co-extensive with that of principal debtor’. Elucidate.
(b) An unregistered partnership firm is not illegal but its rights are not enforceable.
Comment.
(10+10)
5. State the rules regarding transfer of ownership from seller to buyer in a sale of goods.
(20)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 06
Course Title : Economic Theory
Assignment Code : ECO – 06/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Describe the law of equi-marginal utility. Explain it with the help of a diagram. How does a
consumer attain equilibrium?
(20)
2. What do you mean by Elasticity of Demand? How would you measure the price Elasticity
of Demand?
(20)
3. What do you understand by production possibility curve? Illustrate it with the help
of a
suitable example.
(20)
4. Explain a firm’s short period equilibrium under perfect competition with the help
of
suitable diagram.
(20)
5. Write short notes on the following:
(a) Cardinal approach to utility
(b) Quasi rest
(c) Extension of demand
(d) Competitive wages
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 07
Course Title : Elements of Statistics
Assignment Code : ECO – 07/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Define ‘Classification’. Explain the purpose and methods of classification of data giving
suitable examples.
(20)
2. “Statistical methods are most dangerous tools in the hands of the inexpert.” Explain the
significance of this statement.
(20)
3. Find out missing frequencies in the following incomplete distribution:
Measurement 0-10 10-20 20-30 30-40 40-50
Frequency 3 ? 20 12 ?
The values of Median and Mode are 27 and 26 respectively.
(20)
4. The arithmetic mean and the standard deviation of a series of 20 items are 20 cms. and 5
cms. respectively. But while calculating them, an item 13 misread as 30. Find the correct
mean and correct standard deviation.
(20)
5. Calculate Karl Pearson’s coefficient of skewness from the following data:
Class 40-60 30-40 20-30 15-20 10-15 5-10 3-5 0-3
Frequency 25 15 12 8 6 4 3 2
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 08
Course Title : Company Law
Assignment Code : ECO – 08/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions
1. What do you mean by illegal association? What are its exceptions? Explain the consequences
of an illegal association?
(4+6+10)
2. (a) Discuss the privileges enjoyed by a private company.
(b) Explain the ways in which a promoter is given remuneration.
(10+10)
3. Explain the doctrine of Indore Management. What are its exceptions? Discuss with examples.
(10+10)
4. (a) Explain the various ways in which a person may become a member of a Company.
(b) What is a Share Certificate? When must it be issued? What are the effects of a
Share
Certificate?
(10+10)
5. Explain the powers and duties of a Director.
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 09
Course Title : Money, Banking and Financial Institutions
Assignment Code : ECO – 09/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Why is money demanded? How is the Keynesian approach different from the classical
approach in this regard?
(20)
2. Explain the establishment, structure and functions of the State Bank of India.
(20)
3. What is meant by money market? Discuss the significance of money market in a modern
economy.
(20)
4. Describe the working of the IMF. How does it help member countries in dealing with their
temporary balance of payments problems?
(20)
5. Write short notes on the following:
(a) General Leading Principal of World Bank
(b) Regional Rural Banks
(c) Economic Significance of Banking
(d) Branch Banking
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 10
Course Title : Elements of Costing
Assignment Code : ECO – 10/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Define Cost Accounting. What are its main objectives? How does it help in planning
and
control of business operations of an enterprise?
(20)
2. (a) Two components A and B are used as follows:
Normal usage 50 per week each
Minimum usage 25 per week each
Maximum usage 75 per week each
Re-order quantity A 300 B 500
Re-order period 4 to 6 weeks
Calculate for each component
(i) Re-order level (ii) Minimum level (iii) Maximum level
(b) What is meant by perpetual inventory control system?Describe its advantages.
(10+10)
3. Define overheads. Discuss various principles of apportionment of overheads. Give few
examples of the bases used for apportionment.
(20)
4. Explain the need for reconciliation of cost and financial accounts. Describe the procedure to
be adopted for their reconciliation.
(20)
5. X Manufacturing Company’s product passes through two distinct processes A and B then to
Finished Stock. It is known from past experience that wastage occurs in the process
as
follows: in Process A, 5% of the units entering the process and in Process B, 10% of the units
entering the process. The scrap value of wastage in process A is Rs. 16 per 100 units and in
Process B is Rs. 20 per 100 units. The process figures are:
Process A Process B
Rs. Rs.
Materials consumed 6,000 3,000
Wages 7,000 4,000
Manufacturing Expenses 2,000 2,000
5,000 units were brought into Process A, costing Rs. 5,000. The outputs were: Process
A=4,700 units, Process B=4,150 units. Prepare Process Accounts showing the cost of the
output.
(20)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 11
Course Title : Element of Income Tax
Assignment Code : ECO – 11/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. How is residence of an assesse determined? Explain tax liability on the basis of residence.
(20)
2. Shri A. K. Rana is an employee in a company in Mumbai. He received the following
remuneration in previous year:
Basic Salary Rs. 5000 per month
Dearness allowance (under terms of employment) Rs. 500 per month
House Rent Allowance (Rent paid Rs. 1500 per month) Rs. 1000 per month
He retired on 1
st
January, 2014 after 20 years of service. He was paid Rs. 6000 gratuity
and Rs. 50,000 of unrecognized provident fund. He was given pension of Rs. 800 per
months. He was not covered under payment of Gratuity Act. Employer and employee’s
contribution is equal.
Salary and pension become payable on the last day of each month for the assessment year
2014-15 compute Mr. A. K. Rana’s taxable salary.
(20)
3. What do you understand by annual value? Explain the deduction allowed from annual
value.
(20)
4. Compute ‘income from other sources’ of Dr. Ashish Agrawal for the assessment year
2014-15 from the following particulars of previous year 2013-14:
i. Found Rs. 10,000 lying on road
ii. Income from card games Rs. 2000
iii. Income from Royalty Rs. 6000
iv. Remuneration received Rs. 4000 for being an examiner
v. Remuneration received Rs. 1000 for articles written for magazines.
vi. Income from agricultural law in Kathmandu (Nepal) Rs. 11000
vii. Income from fisheries Rs. 3000
viii. Amount Rent of Law received Rs. 4000
ix. Interest received on bank deposit Rs. 1500
x. Dividend received Rs. 3000 on shares of Indian Company
xi. Winnings from Lottery Rs. 2000
xii. Winnings from Horserace Rs. 1500
(20)
5. Write short notes on the following:
(a) Exempted Incomes
(b) Perquisites
(c) Exempt Capital Gains
(d) Deduction of interest on loan taken for Higher Education (80E)
(4×5)
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 12
Course Title : Elements of Auditing
Assignment Code : ECO – 12/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. Define Auditing. Explain its objectives and advantages.
(20)
2. What is meant by verification? How does it differ from valuation? How would you verify the
following?
a) Goodwill
b) Plant and Machinery
(10+10)
3. Discuss the main provisions of company law regarding the appointment, duties and removal
of an auditor.
(20)
4. What important documents would you inspect before commencing the audit of a company?
Explain.
(20)
5. Write short notes on the following:
a) Cost Audit
b) Clean and Qualified Report
TUTOR MARKED ASSIGNMENT
Course Code : ECO - 14
Course Title : Accountancy - II
Assignment Code : ECO – 14/TMA/2015-16
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
1. (a) Give specimen of company’s balance sheet as per part I of schedule VI of
Indian
Companies Act, 1956.
(b) Differentiate between Profit & Loss Account and Profit & Loss Appropriation
Account.
(10×2)
2. X Ltd. sends goods to its Karnal branch at cost plus 25%. All expenses are paid by H.O.
From the following particulars you are required to show Branch Debtors Account, Branch
Stock Account, Stock Adjustment Account and Branch Profit & Loss Account in the books
of Head Office:
Particulars Amount (Rs.)
Opening Stock 36,000
Closing Stock 42,000
Opening Debtors 27,500
Closing Debtors 41,100
Goods Supplied to Branch 1,94,000
Cash received from Customers 98,800
Bad Debts 6,000
Discount 1,600
Expenses 5,200
Cash Sales 58,400
Goods returned by Branch 8,000
Branch’s Furniture (Provide 20% Depreciation) 10,000
(20)
3. M/s Raj and Bros. purchased a motor car from Sanjaya Automobiles on 1
st
Jan. 2012 on the
hire-purchase system. The cash price of the motor car was Rs. 11,170. Rs. 3,000 was to be
paid on signing the agreement and the balance in the three annual installments of Rs. 3,000
each. Interest @ 5% p.a. is charged by the vendor. The purchaser had decided to write off
10% depreciation annually on the written down value method. The purchaser could not pay
off the installment due on 31
st
Dec., 2013 and as a result of this, the vendor took possession
of the motor-car and the vendor estimated its value Rs. 5,500 and spent Rs. 400 on it. Later
on, this motor-car was sold for Rs. 6,400. Prepare necessary accounts in the books of both
the parties.
(20)
4. Why are assets and liabilities revalued at the time of admission of a new partner? Prepare a
Revaluation Account with the help of imaginary figures.
(20)
5. Write short notes on the following:
(a) Pro-rata Allotment of Shares
(b) Issue of shares at discount
(c) Re-issue of forfeited shares
(d) Over subscription of shares
(4×5)
