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QUESTION BANK
B.COM SEMESTER I 2013
DEPARTMENT OF COMMERCE
(Applied Economics)
In Pursuit of Excellence
SAC/Department of Commerce
Publication Team
Patron -
Editorial Team
Dr. Sanjay Rajak
Ms. Preeti Jain
Mr. Sunil Tiwari
Mrs. Varsha Anand
Mrs. Shilpa Malik
Mr. Mahendra Deshmukh
SAC/Department of Commerce
Salient Features
o This Question Bank has been made according to the Syllabus of M.P Higher
Education syllabus.
o The Question Bank has been systematically divided into three sections, in
which Section A comprises of Objective Types Questions, Section B comprises
of Short Answer Type Questions and in Section C Comprises of Long Answer
Type Questions respectively. This would enable the students to prepare the
subjects as per the requirements of the end semester examination.
o Key to the objective types questions for each section has been provided at the
end of the particular subject.
o The selection of the questions is based on the units given in the syllabus thus
providing an equal weightage to all the sections.
o Questions incorporated in the question bank are based on the experience of the
teaching faculty and the previous years question papers.
SAC/Department of Commerce
Subject
Topics
Page No.
6-14
16
26
4)Keys
49
51-59
61
66
4)Keys
71
73-81
83
89
4)Keys
94
SAC/Department of Commerce
Financial Accounting
SECTION A
OBJECTIVE TYPE QUESTIONs
SAC/Department of Commerce
Section A
A. Objective Type Questions
"
(I) Multiple Choice Questions:
Q.1
SAC/Department of Commerce
(l
Q.6
nksuksa esa
(n
ubZ e'khu ds foLrkj ij nh xbZ etnwjh dks uke fd;k tkrk gS &
(v jksdM+ [kkrk
(c
etnwjh [kkrk
(l e'khujh [kkrk
(n iwoZnRRk etnwjh [kkrk
Q.7
C;kt dks lEifRr [kkrs ds fodyu (MsfcV esa fy[kk tkrk gS &
(v okf"kZdh fof/k esa
(c
gzkl dks"k fof/k esa
(l ekxr gzkl i)fr
(n buesa ls lHkh esa
Q.8
Q.9
Q.10
Stock is:
(a)
Fixed asset
(c)
Liquid assets
(b)
(d)
Current asset
Tangible assets
jgfr;k gS &
(v LFkk;h lEifRr
(l rjy lEifRr
(c
(n
py lEifRr
vewRkZ lEifRr
(b)
(d)
An asset
None of these
(c
(n
,d lEifRr
buesa ls dksbZ ugha
It is given that the list price is Cost+100% and that the invoice price is 10% less
than the list price. It means that:
(a)
Invoice price = cost+60%
(b)
Invoice price = cost+80%
(c)
Invoice price+cost+90%
(d)
Invoice price+10%
;g fn;k x;k gS fd lwph ewY; =ykxr $ 100% rFkk chtd ewY; ls 10% de gSA
SAC/Department of Commerce
(v
(l
Q.12
fuEukafdr esa ls dkSu lh en Lekjd Lda/k [kkrs esa 'kkfey ugha gksrh &
(v izkjafHkd Lda/k
(c
udn fo;
(l m/kkj fo;
(n v'kks/; _.k
Q.13
If the rate of gross profit for department Y is 20% of the cost and its sales amount
to 1, 08,000 then the cost price will be(a)
86,400
(b)
90,000
(c)
1, 00,000
(d)
98,000
;fn Y foHkkx ds ldy ykHkk dh nj ykxr ewY; ij 20% gS rFkk fo; 1,08,000
(c
(n
90]000
98]000
fuEukafdr esa ls D;k 'kk[kk nsunkj [kkrs esa 'kkfey ugha gksrk gS &
(v udn fo;
(c
m/kkj fo;
(l fo; okilh
(n v'kks/; _.k
Q.15 The ratio of gross profit of three departments of Ishans business is same. The
sales ratio of these departments is 2:3:4 then the cost ratio of these departments is:
(a)
4:3:2
(b)
1:1:1
(c)
:3/4:1
(d)
3:4:5
bZ'kku ds O;olk; ds rhu foHkkxksa esa ldy ykHk dh nj leku gS] mu foHkkxksa esa fo;
vuqikr 2%3%4 gS vr% bu foHkkxksa dh ykxr dk vuqikr gksxk &
(v 4%3%2
(c
1%1%1
(l :3/4:1
(n 3%4%5
Q.16
SAC/Department of Commerce
Q.17 In case of Presidency Town insolvency act, rent due to landlord is included in
preferential creditors(a)
Only for one month
(b)
Total
(c)
Only for 6 months
(d)
Only for 2 months
egkuxjh; fnokyk vf/kfu;e dh n'kk esa Hkw&Lokeh dk ns; fdjk;k iwokZf/kdkj ysunkj esa
'kkfey gksrk gS &
(v flQZ ,d ekg dk
(c
lEiw.kZ
(l flQZ 6 ekg dk
(n flQZ 2 ekg dk
Q.18
SAC/Department of Commerce
(n
Q.22
All accumulated losses are transferred to the capital accounts of the partners in:
(a)
Old profit sharing ratio
(b)
New profit sharing ratio
(c)
Gaining ratio
(d)
Sacrificing ratio
leLr lafpr gkfu;ksa dks lk>snkjh ds iwth ys[ks esa varfjr fd;k tkrk gS &
(v iqjkus ykHk caVu vuqikr esAa
(c
u;s ykHk caVu vuqikr esAa
(l vf/kdkj izkIr vuqikr esaA
(n vf/kdkj R;kx vuqikr esAa
Q.23
The balance left in the capital accounts on dissolution of a firm is transferred to:
(a)
Realization A/c
(b)
Revaluation A/c
(c)
Bank A/c
(d)
Capital A/c
QeZ lekiu ij iwth [kkrs dk cpr 'ks"k vUrfje fd;k tkrk gS &
(v olwyh [kkrs esaA
(c
cSad [kkrkA
(l ykHk&gkfu ys[kkA
(n iwth [kkrs esaA
Q.24
According to the decision of Garner Vs. Murray rule, the loss due to insolvency of
a partner is to be shared by solvent partners in the:
(a)
Capital ratio
(b)
Profit sharing ratio
(c)
Old ratio
(d)
Gaining ratio
xkuZj cuke ejsZ fu;e ds vuqlkj fdlh lk>snkj ds fnokfy;k gksus ls mRiUu gkfu dks
'kks/k{kE; lk>snkj ogu djrs gSa &
(v iwth vuqikr esAa
(c
ykHk cavu vuqikr esaA
(l cjkcj vuqikr esAa
(n vf/kdkj izkIr vuqikr esAa
Q.25
fdlh lk>snkj ds vodk'k xzg.k dh fLFkfr esa fuEukafdr ds [kkrs esa lEiw.kZ [;kfr dh
jkf'k lekdfyr (Cr.) dh tkrh gS &
(v dsoy vodk'k xzg.k djus okys lk>snkjA
(c
lHkh lk>snkjA
(l 'ks"k HkkxhnkjA
(n vf/kdkj izkIr lk>snkj
(II)
Q.26
10
SAC/Department of Commerce
Q.27
udn cV~Vs dh jkf'k dks nsunkj ds [kkrs ds -------------- i{k dh vksj fn[kk;k tkrk gSaA
Q.29
ryiV ds 'ks"kksa ds varj dks ----------------------- [kkrs esa fn[kk;k tkrk gSA
Q.31
Q.33
vuqikftZr vk; dks vkfFkZd fpV~Bk ds ---------------------- i{k esa fn[kk;k tkrk gSA
Q.34
lEifRr ds ewY; esa vLFkk;h o`f) ;k deh dks ----------------------- dgrs gSaA
Q.35
'kk[kk Lda/k ys[kk ges'kk ----------------------- ewY; ij gh rS;kj fd;k tkrk gSA
Q.37
,d fons'kh 'kk[kk ds ryiV dks ifjofrZr djrs le;] nsunkjksa dks ------------------- nj ij
ifjofrZr fd;k tkrk gSA
Q.38
vk;dj dk cVokjk fofHkUu foHkkxksa esa muds ---------------------- ds vuqikr esa fd;k tkrk gSA
Q.40
If the a gross profit margin is the same for the various departments, there will be
no difference in the ratio of ....................... and .................... .
11
SAC/Department of Commerce
;fn fofHkUu foHkkxksa ds ldy ykHk dh nj leku gks rks mu foHkkxksa ds -----------------vuqikr rFkk ----------------------------- ds vuqikr esa dksbZ varj ugha gksxkA
Q.41
;fn U;wure fdjk;s ls vf/kdkj 'kqYd de gksrk gS rks varj dh jkf'k -----------------dgykrh gSA
Q.42
Q.44
xr o"kksZa ds ykHkksa dks izdV fd;k tkrk gS ---------------------- ys[ks ds lekdyu i{k esAa
Q.46
fdlh lk>snkjh esa --------------------- dh lgefr ls u;s lk>snkj dks izo's k fn;k tk ldrk gSA
Q.47
,d lk>snkj ds vodk'k xzg.k ds le;] tc [;kfr ys[kk [kksyk tkrk gS rks ------------------Lkk>snkjksa ds iwth ys[ks lekdfyr fd;s tkrs gSaA
Q.48
The amount due to retiring partner if not paid immediately is transferred to ..........
fdlh vodk'k xzg.k djus okys lk>snkj ds ns; jkf'k dk] ;fn rqjar Hkqxrku ugha fd;k
tkrk gS rks mls ----------------------- dks varfjr dj nsrs gSaA
Q.49
The debit balance of profit & loss A/c is transferred to ................. account(s) at
the time of dissolution of a firm.
QeZ ds lekiu ds le; ykHkgkfu ys[ks dk fodyu vkf/kD; (uke 'ks"k -------------------- [kkrs
esa varfjr fd;k tkrk gSA
Q.50
QeZ ds lekiu ds le; ;fn dksbZ vfyf[kr nkf;Ro dk Hkqxrku fd;k tkrk gS rks bls
olwyh [kkrs esa --------------------- fd;k tkrk gSA
(III)
True/false:
12
SAC/Department of Commerce
Q.51
fefJr jkstukepk izfof"V dks nks ls vf/kd [kkrksa esa ugha [krk;k tkrk gSA
Q.56
Outstanding salary, appearing in the trial balance is shown in the balance sheet
only.
ryiV esa iznf'kZr vnRr osru dks dsoy vkfFkZd fpV~Bk esa fn[kkrs gSaA
Q.57
Wages paid for erection of new machinery are debited to wages account.
ubZ e'khu ds foLrkj ij nh xbZ etnwjh [kkrs esa fodfyr fd;k tkrk gSA
Q.58
Q.59
lEifRr;ksa ds ewY; esa vLFkk;h o`f) ;k deh dks vizpyu dgrs gSaA
Q.61
'kk[kk [kkrs esa v'kks/; _.kksa dks ugha fn[kk;k tkrk gSA
Q.62
While converting the trial balance of a foreign branch, opening stock is converted
at the closing rate.
,d fons'kh 'kk[kk ds ryiV dks ifjofrZr djrs le;] izkjafHkd LVkWd dks vafre nj ls
ifjofrZr fd;k tkrk gSA
Q.63
IykUV ij gzkl dks fofHkUu foHkkxksa ds e/; cjkcj&cjkcj ckVk tkrk gSA
Q.64
SAC/Department of Commerce
;k=h fosrk dk osru fo; ds vuqikr esa foHkkftr fd;k tkuk pkfg,A
Q.65
chek O;; dks izkjafHkd Lda/k ds vuqikr esa foHkkftr fd;k tkrk gSA
Q.66
Q.67
vf/kdkj 'kqYd dk Hkqxrku djrs le; iV~Vsnkj vf/kdkj 'kqYd ys[kk fodfyr djrk gSA
Q.68
,d O;fDr ;fn
dgk tk,xkA
Q.69
nkf;Ro esa fdlh izdkj dh o`f) fnokfy;k ds fy, gkfu gksrh gSA
Q.70
A new partner may be admitted to a partnership with the consent of any one
partner.
fdlh lk>snkjh QeZ esa lk>snkjksa esa ls fdlh ,d lk>snkj dks lgefr ls ,d u;s
lk>snkj dks izos'k fn;k tk ldrk gSA
Q.73
la;qDr thou chek ikWfylh lafpfr] lafpr ykHk ds LoHkko dh gksrh gSA
Q.74
Q.75
lkekU;r% ,d QeZ fo?kfVr gks tkrh gS tc dksbZ lk>snkj fnokfy;k gks tkrk gSA
14
SAC/Department of Commerce
Financial Accounting
SECTION B
15
SAC/Department of Commerce
Q.1
On 1st April 2009 the position of shri Devendra Solanki was as follows-
2000
6800
4200
SAC/Department of Commerce
Building Hkou
Sunil has to paylquhy ls ysuk gS
Devendra gives to Ramesh
6000
4000
5000
fdlh [kkrs dks can djus ls vki d;k le>rs gSA fdlh [kkrs ds ks"k fudkyus vkSj mls
cUn djus dk rjhdk crkb,A
Q.9
Prepare correct Trial Balance from the following incorrect Trial balance of Shri
B.P. Agrawal:
50,000
5,600
--
30,000
12,000
90,000
36,000
8,600
--15,500
2,300
------80,000
1,10,000
---
SAC/Department of Commerce
ewY; gzkl ls vkidk D;k vkk; gS \ ewY; gzkl x.kuk dh ikp fofk;ksa dks lekkb;sA
Q.17 What is depreciation? Why is arrangement for depreciation necessary?
LFkk;h fdLr i)fr rFkk ekxr ks"k i)fr esa vUrj dhft, A
Q.19 On 31st march 2010, wages .6, 600 and rent 10,000 appears at the debit side of
the trial balance of trader and according to the information given below the trial
balance wages of .400 was outstanding and rent
2,000 was pre-paid. Pass
necessary adjustment entries in the journal of trader and prepare necessary accounts
in ledger and make adjustments in final accounts.
31 ekpZ ]2010 dks ,d O;kikjh dh ryiV ds MsfcV i{k esa etnwjh 6]600 rFkk fdjk;k
10]000 iznfZkr fd;k x;k gS rFkk ryiV ds uhps nh x;h lwpuk ds vuqlkj etnwjh
ds 400 vnRr Fks rFkk fdjk;s ds 2]000 iwoZnRr FksAbl lwpuk ls O;kikjh dh tuZy esa
lek;kstu izfof"V;k dhft, rFkk mldh [kkrkcgh esa vko;d [kkrs rS;kj dj mldk
vfUre [kkrksa esa lek;kstu dhft,A
Q.20 From the following balance of vibha and company prepare trial balance and final
accounts as 31stmarch ,2010 capital .3,50,000;building
.1,97,500;machinery
.92,500;debtors Rs70,000;general expenses
8,000; rent paid ;37,100; drawings
6,500 ;electricity expenses
1,900; carriage inwards
8,500;cash at bank
30,000; returns outwards
11,100; discount (dr.) 2,000 stock on 1stApril
2009 .
18
SAC/Department of Commerce
1,65,000;bills paybale
50,000; sales 6,35,000; purchases 4,58,500;wages
Rs25,00;cash in handRs 18,000;sundry creditors
1,00,000;return inwards
4,500; stock on 31st march ,2010
1,82,100.
foHkk ,.M dEiuh ds fuEukafdr ks"kksa ls 31 ekpZ( 2010 dks ryiV ,oa vfUre [kkrs rS;kj
dhft,A
iwt
a h&
3]50]000( Hkou; 1]97]500( ekhujh
92]500 ( nsunkj 70]000 lkekU;
O;;
8]000 fdjk;k fn;k
37]100( vkgj.k
6]500 (fo|qr O;; 1900( vkod
xkM+h HkkM+k 8]500( cSad esa jksdM+ #30]000( ck okifl;k 1]100( osru 11]100( ck
MsfcV 2]000( LdUk 1 vizSy 2009 dks 1]65]000( ns; foi=
50]000( fo;
6]35]000( ;
4]58]500(etnwjh
25]000( gkFk esa jksdM+ 18]000( fofok ysunkj
1]00]000(vkarfjd okifl;k 4]500( LdUk 31 ekpZ ]2010 dks
1]82]100A
Q.21 State the different types of branches.
eq[; dk;kZy; dh iqLrdksa esa kk[kk esa lEcafU/kr fuEukafdr fooj.k ds vk/kkj ij kk[kk
[kkrk cukb,%
kk[kk dks eky Hkstk (Goods sent to Branch)
2,00,000
kk[kk dks jksdM+ Hksth fuEukafdr ds fy, (Cash sent to Branch for the following)
fdjk;k (Rent)
1,000
etnwjh (Wages)
500
osru (Salaries)
2,000
vU; O;; (Other Expenses)
1,500
vfUre jgfr;k (Closing Stock)
30,000
udn fch eq[; dk;kZy; Hksth x;h (Cash sales remitted to H.O.)
2,30,000
Q.24
19
SAC/Department of Commerce
Q.28
What is the impact of inter-departments transactions on trading and profit and loss
account?
vUrj foHkkxh; O;ogkjksa dk O;kikj ,oa ykHk gkfu ys[ks ij D;k izHkko iM+rk gS\
Q.29
The Bombay textiles ltd. opened a branch at Raigarh on 1st Jan. 2007. From the
following particulars prepare Raigarh Branch Account for the year 2007 and
2008-
ckWEcs VsDlVby dEiuh fyfeVsM us 1 tuojh 2007 dks viuh ,d kk[kk jk;x<+ esa
[kksyhA fuEu fooj.kksa ls o"kZ 2007 ,oa 2008 ds fy, jk;x<+ kk[kk [kkrk [kksfy,sA
2007
2008
45,000
1,35,000
6,000
4,800
2,000
70,000
7,000
120
6,000
6,800
3,000
1,60,000
26,000
260
ekpZ ekg ds fy, i`Fkd~ i`Fkd~ foHkkxkas ds ykHk dh x.kuk djuh gSA foHkkxksa dk ekg ds
var esa Lda/k dk ewY;kadu ugha fd;k tk ldk ysfud izR;sd foHkkx ds ldy ykHk
dzek% 40% 30% ,oa 20% gSaA fuEu lwpuk,a nh xbZ gSa%
foHkkx (Departments)
X()
1 ekpZ 2008 dks jgfr;k (Stock on 1st march,2008) 9,00
osru (salary)
5,40
dz; (Purchases)
2,700
fodz; (Sales)
4,200
Y( )
Z( )
8,40
1,200
8,52
1,222
2,100
9,000
3,600
10,200
Indirect expenses for whole business of all departments are . 1080 out of this 1/6
of the whole are to be divided in all the three departments in proportion 3:1:1
respectively and the balance of Indirect Expenses to be charged in proportion to
department sales. Prepare departmental Trading Profit and loss A/c separately.
lEiw.kZ O;olk; ds fy, vizR;{k O;; rhuksa foHkkxksa dk 1080# gS ftudk 1@6 Hkkx
rhuksa foHkkxksa esa 3%1%1 esa foHkkftr djuk gS rFkk vizR;{k O;; foHkkxh; fodz; ds
20
SAC/Department of Commerce
vuqikr esa foHkkftr fd, tkrs gSaA foHkkxh; O;kikfjd o ykHk gkfu [kkrk i`Fkd~ i`Fkd~
rS;kj dhft,A
Q.31
,d dEiuh us 1 tuojh] 2006 dks ,d dksfy;jh iV~Vs dks 9000 U;wure fdjk;s dh
jkfk ij fy;kA vf/kdkj&kqYd 50 iSls izfr Vu Fkk ,oa y?kqdk;Z dh ol`yh dk
vf/kdkj iV~Vs dh izFke rhu o"kZ rd fn;k x;kA izFke rhu o"kksZa esa dksfy;jh ds
mRiknu ek 12000] 19000 ,oa 21000 Vu FksA
Q.32
A Colliery took a coal mine on lease at a minimum rent of 7,500 p.a. Rate of
Royalty is 25 paise per tone. Each years shortworkings can be recouped out of
royalty of next 3 years.
Years:
1
2
3
4
5
Production in tons
Nil
6,000
24,000
60,000
45,000
Prepare the Shortworking Accounts in the books of company for five years.
,d dks;ys dh dEiuh us 7500 izfr o"kZ U;wure fdjk;s ij ,d dks;ys dh [kku dks
iV~Vs ij fy;kA vf/kdkj&kqYd dh jkfk 25 iSls izfr Vu gSA izR;sd o"kZ ds y?kqdk;Z
dks mlds vxys rhu o"kZ ds vf/kdkj&kqYd ds vkf/kD; ls vifyf[kr fd;k tk ldrk
gS &
o"kZ
1
2
3
4
5
mRiknu (Vu dqN ugha
6]000
24]000
60]000
45]000
dEiuh dh iqLrdksa esa 5 o"kkasZa ds fy, y?kqdk;Z [kkrk cukb,A
Q.33
Show how the secured creditors will be shown in the Statement of Affairs:
Creditors amounting to . 22,000 were given the first charge on the building
mortgaged with them 32,000. Creditors amounting to . 18,000 were given the
second charge on the above building subject to the maximum limit of 8,000.
Realisable value of building is . 30,400.
lqjf{kr ysunkjksa dks fLFkfr fooj.k esa fdl izdkj fn[kk;k tk,xk% 22]000 ds ysunkjksa
dks muds ikl j[ks gq, 32]000 ds cU/kd esa j[ks gq, Hkou ij olwyh dk vf/kdkj gSA
18]000 ds ysunkjksa dks mDr Hkou esa ls vf/kdre 8]000 dh lhek rd _.k olwyh
dk f}rh; izHkkj dk vf/kdkj gSA Hkou dk olwyh ewY; 30]400 gSA
21
SAC/Department of Commerce
Q.36
X has been declared insolvent on 1st April 2003. His creditor on this date as
follows:Trade creditor 60000; Income Tax 1500; Trade Tax 1000; salaries of
4 clerks for 2 months 2000; Wages of 2 labourers for 3 months .300; private
creditors 2000; months rent due to landlord 2000
Ascertain the amount due to preferential creditors and unsecured creditors
according to provincial Insolvency Act and president Towns Insolvency Act.
vizSy ] 2003 dks X fnokfy;k ?kksf"kr fd;k x;kA ml frfFk dks mlds fuEufyf[kr
The Gaurav Coal Co. Ltd. took lease of a colliery on the basis of 25 P. per ton on
the coal raised subject to minimum rent of 1500 per year with the right of
recouping shortworking during the first four years of the lease. The quantities
raised were: 3000 tons in 1994; 3200 tons in 1995; 4500 tons in 1996; 5000 tons
in 1997. Open the Landlord Account in the books of Gaurav Coal Co. Ltd.
xkSjo dksy dEiuh fy- us ,d [kku dks iV~Vs ij fy;kA vf/kdkj&kqYd dh jkfk
fudkys gq, dks;ys ij 25 iSls izfr Vu gSA izfr o"kZ dk U;wure fdjk;k 1500 gSA
y?kqdk;Z dh jkfk dks iV~Vs ds izFke pkj o"kksZa esa vifyf[kr fd;k tk ldrk gSA
fuEukafdr fudklh dh x;h% 1994 esa 3000 Vu] 1995 esa 3200 Vu] 1996 esa 4500 Vu]
1997 esa 5000 VuA xkSjo dEiuh dh iqLrdksa esa Hkw&Lokeh dk [kkrk cukb,A
Q.39
The assets and liabilities of Mr. A on 31st March, 2001 as per books was
1,20,000 and
84,000 respectively. He filed his insolvency partition and
estimated his deficiency to be 34,000. Calculate his capital and amount to be
realized from the assets.
31 ekpZ 2001 dks A dh lEifRr;ka ,oa nkf;Ro ek
1]20]000 ,oa 84]000
iqLrdksa ds vuqlkj FksA mlus vius fnokyk nkos esa vuqekfur U;wure 34]000
fn[kkbZA mldh iat
w h ,oa laifRr;ksa ls olwy gks ldus okyh jkfk dh x.kuk dhft,A
Q.41
Explain the difference between profit and loss appropriation account and
revaluation.
ykHk&gkfu fu;kstu [kkrk ,oa iquewZY;kadu [kkrs ds vUrj dks Li"V dhft,A
Q.42
SAC/Department of Commerce
Q.43
X and Y are partners in the firm. They share profit and loss in the ratio of 2:1.
Their capitals are
8000 and
4000 respectively. They admit R in the
partnership on the condition that he will bring . 3000 as goodwill and 5000 as
capital and will get 1/3 share in the profits of the firm. Assuming that goodwill
and capital have been brought in cash by the new partner, pass the necessary
journal entries and find out the new profit sharing ratios of the partners, when (a)
Goodwill is withdrawn by the old partners, and (b) Goodwill is retained in the
firm.
X vkSj Y QeZ esa lk>snkj gSaA os ykHkkykHk 2%1 ds vuqikr esa ckaVrs gSaA mudh iwt
a h
ek 8]000 # vkSj 4]000 gSA mUgksaus R dks bl krZ ij QeZ esa lk>snkj cuk;k gS
fd og 3]000 [;kfr ds fy, vkSj 5]000 iwt
a h ds fy, yk,xk vkSj og QeZ ds ykHk
esa 1@3 Hkkx dk vf/kdkjh gksxkA ;g ekurs gq, fd u;k lk>snkj iwt
a h vkSj [;kfr
udn yk;k gS] tuZy ds ys[ks dhft, vkSj u, yHkkykHk vuqikr fudkfy, tcfd (a)
iqjkus lk>snkjksa us [;kfr dks fudky fy;kgS] (b) iqjkus lk>snkjksa us [;kfr dks jgus
fn;k gSA
Q.45
A and B share profits and losses in the ratio of 3:2 and as from 1st January 2009
they admit C into partners who is to have 1/10th share of the profit; with a
guaranteed minimum of 1500 per year. A and B continue to share profits
between themselves as before. The profits of the firm in respect of the year
10,000. Prepare profit and loss account for apportioning profit.
A vkSj B 3%2
1@10 Hkkx ds
dh xkj.Vh nh
o"kksaZ esa QeZ dk
Q.46
ds vuqikr esa ykHkykHk ckaVrs gSa vkSj 1 tuojh] 2009 ls C dks ykHk ds
fy, lk>snkj kkfey fd;k vkSj de ls de 1500 izfr o"kksaZ ds ykHk
xbZA A vkSj B ds ykHkkykHk dk vkilh vuqikr ogh jgk tks igys FkkA
ykHk 10]000 gqvkA ykHk ckaVus ds fy, ykHk&gkfu [kkrk cukb,A
The firm of A, B and C has existed for the last 5 years. Partners decide to raise
Goodwill Accpunt in their books at twice the average of last 5 years profit. The
profit of last five years are as under:
A,B vkSj C dh QeZ fiNys 5 o"kksZa ls vfLrRo esa gSA lk>snkjksa us viuh cfg;ksa esa
fiNys 5 o"kksZa ds vkSlr ykHk ds nqxqus ds vk/kkj ij [;kfr [kkrk [kksyus dk fu.kZ;
fy;k gSA fiNys ikap o"kksZa dk ykHk fuEufyf[kr izdkj gSa%
o"kZ (Year)
o"kZ(Year)
I
II
III
gkfu (Loss)
20,000
15,000
5,000
IV
V
23
5,000
10,000
SAC/Department of Commerce
Q.47
A and B are partners having profits and losses in the ratio of 3: 2. They admit C
into partnership for 1/4th share in profits. C brings 30, 000 as Capital and
10,000 as goodwill. New profit sharing ratio of all partners shall be 3: 3: 2 Pass
necessary journal entries.
A vkSj B 3:2 ds vuqikr esa ykHkksa vkSj gkfu;ksa dks ckaVrs gq, lk>snkjgSaA os C dks ykHk
P, Q and R are partners sharing profits in the ratio of 2: 1: 1. R retires. His share is
taken by P. Calculate new gaining ratio.
P, Q vkSj R 2: 1: 1. ds vuqikr esa ykHkksa dks ckaVrs gq, lk>snkj gSaA R vodkk xzg.k
djrk gSA mldk iwjk fgLlk P ds }kjk ys fy;k tkrk gSA u;s ykHk&izkfIr vuqikr dh
x.kuk djsaA
24
SAC/Department of Commerce
Financial Accounting
SECTION C
LONG ANSWER TYPE
QUESTIONs
25
SAC/Department of Commerce
^^izR;sd MsfcV izfof"V dh sfMV izfof"V gksrh gS ,oa izR;sd dzsfMV izfof"V dh MsfcV
izfof"V gksrh gS A** bl dFku dh iqf"V mnkgj.k lfgr dhft;sA
Q3. What is meant by Double Entry System of Accountancy? Explain with example
the fundamental principle of double entry system. Discuss its merit and demerits.
nksgjk ys[kk iz.kkyh ls vki D;k le>rs gS\ bl iz.kkyh ds ewy fl)karksa dks mnkgj.k
nsdj le>kb;s vkSj mlds xq.k& nks"k crkb;sA
Q4. What do you understand by Journal? When Ledger is the Principal book, what is the
importance of Journal ?
tuZy ls vki D;k le>rs gS \ tc [kkrk cgh iz/kku iqLrd gS rks tuZy ds j[kus dk D;k
egRo gS \
Q5. Write the following transaction in the Journal of Ruchika General Stores. 2009
Jan:1:Bank passed loan of 1 lakh, out of this he purchased a shop for 60,000 and
furniture for 30,000 and paymen made through cheque.Jan: 5- Purchased goods of
40000 form Sudesh on 10% Trade Discount and 5 % cash discount and Cheque
issued. Jan: 10- Sold Goods of 32000 to Dinesh at 5 % trade discount chequed in
full payment is received after deducting of 20. For cash discount. Jan: 20Withdraw for personal use goods 2,000, cash . 4,500 and 4000 from Bank. Jan:
25- Bill of 2500 discounted dishonored the bill was accepted by Mr. Virendra
Thakur. Jan: 31 as per standing instructions the bank paid the expense Rent 4000
insurance premium 1800 and Electric bills 760. Interest charged 800 on loan.
fuEukafdr O;ogkjksa dks :fpdk tujy LVkslZ fd nSfud iath (tuZy esa fyf[k,
2009 tuojh 1 % cSad ls ,d yk[k :- dk _.k Lohr djok;k ftlesa ls 60,000
dh
nqdku [kjhnh ,oa 30000 dk QuhZpj [kjhnk vkSj pSd ls Hkqxrku fd;kA
Tkuojh 5 % Jh lqnsk ls 10 % O;kikfjd NwV rFkk 5 izfrkr jksdM+ dh krksZa ij /kuknsk
(pSd }kjk 40000 dk eky ; fd;kA Tkuojh 10 % Jh fnusk dks 5 izfrkr O;kikfjd
NwV ij 32000
dk eky fo; fd;k] ftlds iw.kZ Hkqxrku esa 400 jksdM+ NwV nsus ds
ckn /kuknsk (pSd izkIr gqvkA Tkuojh 20 % futh iz;ksx ds fy, fudkys eky 20,000
udnh 4,500
cSad ls 4000 A Tkuojh 25 % cSd ls Hkquk;k x;k foi= 25000
vuknfjr gks x;kA ;g foi=] ohjsUnz Bkdqj ls izkIr gqvk FkkA Tkuojh 31 % cSad us LFkk;h
26
SAC/Department of Commerce
vknskkuqlkj fuEu O;; Hkqxrku fd;s fdjk;k 4000 - chek izhfe;e 1800
fcy 760 A _.k [kkrs ds ks"k ij 800 C;kt pktZ fd;sA
Q.6
- ,oa fo|qr
Journalize the following transactions:The proprietor started business with own cash 50,000 as also borrowed form
Mamta 35,000 at the rate of 10% per annum.
Paid Rs. 200 for proprietors medical bill and
150 for his sons school fees and
100 for office rent.
Insured machinery worth 25,000 for 20,000 and paid a premium of 1.5 %.
Deposited into the bank A/C of the business 5,200 earned by the proprietor in
his personal capacity.
Paid income tax 1,500 and sales tax 750.
Given an order of 4,200 to vinod.
Prepare Ishans Account in Gouravs book the following transactions took place
among them in October 2003.
Oct. 2: Gourav sold goods to ishan 5000.
Oct 5: Ishan returned defective goods 1850
Oct 10 :Ishan sold goods to Gourav . 9000 on terms of 10% Trade discount
and 5% cash discount within the term of credit i.e on 14th January payment was
made after adjustment of discount.
Oct: 15 Received orders form Ishan for goods 6000
Oct : 16 Gourav Sold goods to ishan as sample of 160
Oct : 25 Gourav Sold goods to Ishan 4000 at a Trade discount of 10%.
Ishan who is owner of Gouravs Business building, sent a bill for a month rent
500.Ishan Paid Gouravs Account by cash
xkSjo dh iqLrd esa bZkku dk [kkrk rS;kj dhft,A vDVwcj 2003 esa muds chp
fuEufyf[kr lkSns gq,A
vDVw% 2% xkSjo us bZkku dks oLrq,a csph 5000
vDVw% 5 bZkku us [kjkc oLrq,a ykSVkbZ 1850
27
SAC/Department of Commerce
vDVw 10 bZkku us xkSjo dks 9000 - dh oLrqvksa dks cspk 10 izfrkr O;kikfjd NwV
vkSj 5 izfrkr jksdM+ NwV dh krZ ijAm/kkj dh fu/kkZfjr vof/k ds vUnj vFkkZr
14 tuojh dks izkIr gksus okyh jkfk NwV ds lek;kstu ds ckn Hkqxrku dj nh
xbZA
vDVw 15 % bZkku ls eky ds fy, vknsk feyk 6000
vDVw 16 % xkSjo us bZkku dks lSEiy ds :Ik esa eky Hkstk 160 :vDVw 25 % xkSjo us bZkku dks 4000 :- dk eky 10 izfr kr O;kikfjd NwV ij cspkA
vDVw 31 % bZkku tks xkSjo ds O;kikfjd Hkou dk Lokeh gS] us ekg ds fdjk;s dk
ns;d Hkstk 500 :A
vDVw 31%bZkku us xkSjo ds ys[kksa dk Hkqxrku jksdM+ }kjk fd;kA
Q.8
What do you understand by Division of Journal? What are the advantages of this
division?
SAC/Department of Commerce
fpk D;k gS vkSj ;g dc cuk;k tkrk gS \ ,d O;kikjh }kjk fpk cukus ds D;k
ms; gSa \ ;g ijh{kk lwph ls fdl izdkj fHkUu gS\
Q.12
What is meant by balance sheet, trading account and profit & loss account? Why
are they prepared?
Describe the procedure from journal to final accounts with adjustments under
double entry system in brief ?
gzkl ls vki D;k lekrs gSa \ gzkl yxkus dh dksbZ ikp fofk;ksa dks lekkb;s\
Q.15 What is depreciation? Why is arrangement of depreciation necessary?
,d fuekZ.kh laLFkk ftldh iqLrdsa 31 ekpZ dks cUn dh tkrh gSa] 1] vizSy 2002 dks
50]000 ,d ekhu ; dhA 1]vDVwcj ]2003 dks 10]000 dh rFkk] vizSy 2006 dks
16]000 dh vfrfjDr ekhu vkSj ; dhA 1]vDVwcj ]2003 dks ; 10]000 dh ekhu
30]flrecj ]2005 dks 5]000 esa csph xbZA ikp o"kksZa ds fy, ekhujh krk cukb;sA
gzkl 10 izfrkr izfr o"kZ dh nj ls ekxr ks"k i)fr ls fudkfy,A
Q.17. A manufacturing firm purchased on 1st April, 2002 certain machinery for
1,00,000 and spent 2,000on its erection .On 1st October in the same year
additional machinery costing 50,000 was acquired. On1st April 2004, the
machinery purchased on 1st April 2002(having become obsolete) was auctioned
for 40,000 and on the same date fresh machinery was purchased at a cost of
25,000. Depreciation was provided annually on 31st march at 10% per annum on
original cost of asset .In financial year 2004-05 however, this method was
changed and that of writing off 15% on written down value was adopted.Give
machinery account for financial year from 2002-03 to 2006-07.
29
SAC/Department of Commerce
fuEufyf[kr ls vki D;k le>rs gSa ? muds lEca/k esa ys[kkadu vof/k dh lekfIr ij
D;k Lkek;kstu izfof"V;kaW djuh iM+rh gSaA
1 vnRr O;;
2 iwoZnRr O;;
3 mikftZr vk; ;k vftZr fdUrq vizkI; vk; rFkk
4 vfxze izkIr vk;
Q.19. Below is given Trial Balance of Shri P Lal in respect of 31 March , 2010 prepare
his trading and profit and loss for the year and his balance sheet as on 31
March ,2010 : -
jgfr;k(Stock )1 vizSy
2009(1 April 2009)
Hkou(Building )
fofok nsunkj (Sundry
debtors )
ekhujh
(Machinery )
vkgj.k (Drawings )
; (Purchases)
4]400
11]600
32]000
1]30]000
10]000
4]000
90]000
1]500
ck (Discount)
; okilh (Purchases Return)
dehku (Commission)
vkks; _.kkFkZ izkoku (Provision
30
4]00
8]00
7]50
4]00
SAC/Department of Commerce
chek o dj (Insurance
&Taxes)
O;kikfjd O;; (Trade
Expenses )
fch okilh (Sales
Returns )
osru
(Salaries)
3]600
; ij HkkM+k (Freight on
Purchases )
3]00
4]500
1]400
fuEu lek;kstuk, vko;d gSa(d) 31 ekpZ ]2010 dks vafre jgfr;k dk ewY; 12000 FkkA
([k) iwth ij 5 % okf"kZd C;kt yxkuk FkkA
(x) osru ds 800 nsuk ckdh FkkA
() chek dk 150 iwoZnRr FkkA
() ou ij 2 % vkSj ekhujh ij 10 % gzkl dkVuk gSA
(p) nsunkjksa ij 5 % vkks; rFkk lafnXk _.kksa ds fy, izkokku djuk gSA
(N) dehku ds 200 feyus ks"k gSaA
31
2]000
SAC/Department of Commerce
Q.20. On 31st March, 2010 the Trial Balance of Shri Karim Buksh was as follows:
Debit Balance
Credit Balance
Opening Stock
16,400 Capital
75,000
34,400
28,000
Machinery
60,000 Creditors
Furniture
Purchases
General Expenses
Salaries
3,600
Postal Expenses
1,200
Stationery
1,400
2,200
1,500
2,09,500
25,000
Carriage Inwards
2,700
Carriage Outward
3,500
Repairs
4,000
Cash in hand
500
Cash at Bank
6,700
Debtors
8,800
12,000
Rent
Wages
Loan
32,000
325000
325000
32
SAC/Department of Commerce
5% on Debtors for Bad and Doubtful Debts,Depreciate Land and Building by 2.5
% and Machinery and Furniture by 10 %
31 ekpZ ]2010 dks Jh djhe c[k dh ijh{kk lwph fuEukuqlkj Fkh fodyu ks"k
Lkekdyu ks"k
izkjfEHkd LdUk
16400 iwth
75000
34000 _.k
28000
Ekkhujh
60000 Yskunkj
QuhZpj
;
lkekU; O;;
4000 ; izR;k;
2200
1500
3000 fo;
osru
12000
HkkVd
3600
Mkd O;;
1200
ysu lkexzh
1400
etnwjh
2700
3500
ejEer
4000
209500
25000
8800
500
6700
32000
fuEufyf[kr vfrfjDr tkudkfj;k miyCk gSa31]ekpZ]2010 dksO;kikfjd LdUk dk ewY; 16]700 FkkA ekg ekpZ]2010 dk osru 1]000
vnRr Fkk A lkekU; O;;ksa esa 500 ,d o"kZ dh chek izC;kft 30]flrEcj 2010 rd ds fy,
lfEefyr FkhA nsunkjksa ij 5 izfrkr lafnXk _.kkFkZ dk izkokku djuk gSA Hkwfe rFkk Hkou ij
33
SAC/Department of Commerce
2.5 izfrkr ekhujh rFkk miLdj ij 10 izfrkr gzkl yxkuk gSA O;kikj krk] ykHkgkfu
What are the objectives of keeping Branch Accounts? What are the advantages
and disadvantages of invoicing goods to Branch at invoice price?
kk[kk ys[ks rS;kj djus ds D;k mn~ns; gksrs gSa\ chtd ewY; ij kk[kk dks eky Hkstus
ds D;k ykHk ,oa gkfu;ka gSa\
Q.22
What do you mean by inter-branch transactions? Which method is best for such
transaction?
varZkk[kk O;ogkjksa ls vki D;k le>rs gSa\ bu O;ogkjksa dks djus dh dkSu&lh fof/k
loZJsz"B gS\
Q.23 Total Sales by the Branch for the year ended 31st March, 2008 amounted to
5, 60,000 out of which 20% is cash sales the following further information is-
31 ekpZ] 2008 dks lekIr gksus okyh o"kZ dh dqy fch 5]60]000 # Fkh ftlesa ls 20
izfrkr udn fch gSA fuEukafdr vkSj lwpuk gSA
1.4.2008
jgfr;k (Stock )
nsunkj (Debtors)
[kqnjk jksdM+ (Petty Cash )
36]000
60]000
120
31.3.2009
25]000
48]000
150
36000
12000
5600
460000
Bharat Stores Ltd. Agra has a Branch at Kanpur. Goods are invoiced to the
Branch at selling price being cost plus 25%. The Branch keeps its own Sales
Ledger and deposits all cash received daily to the credit of the Head Office
Account in the Bank at Kanpur. All expenses are paid by cheque from Agra.
From the following details, prepare a Branch Account in the Head Office Books
and made necessary adjustments therein to arrive at the actual Branch Profit and
Loss during the year 2008.
vkxjk ds Hkkjr LVkslZ fy- us dkuiqj esa ,d kk[kk [kksyh gSA kk[kk dks eky ykxr esa
25 izfrkr tksM+dj fch ewY; ij Hkstk tkrk gSA kk[kk viuh Lo;a dks fch [kkrk
34
SAC/Department of Commerce
cgh j[krh gS vkSj lkjh jksdM+ ikzfIr;ka izfr fnu eq[; dk;kZy; ds cSad esa tek djrh gS
[kkrk cukdj 2008 dks kk[kk dk ykHk izdV dfj,%
7500
4200
54600
2400
480
2040
32400
19800
9000
21000
foHkkxh; [kkrksa dk D;k vkk; gS\ foHkkxh; ys[ks fdl izdkj cuk, tkrs gSa\ O;;ksa ds
foHkktu lEcU/kh fu;eksa dks le>kb,A
Q.26
foHkkxh; [kkrs D;k gS\ fofHkUu foHkkxksa esa vizR;{k O;;ksa ds foHkktu ds vk?kkj dh
O;k[;k dhft,A
Q.27
v vkSj c fyfeVsM dss fuEukafdr fooj.k ls nksuksa foHkkxksa dk foHkkxh; O;kikfjd ,oa ykHk
gkfu [kkrk cukb,A
5000
15000
3400
2000
9000
3000
6000
SAC/Department of Commerce
fcdzh (Sales)
A
90000
B
18000
vfUre jgfr;k (Closing Stock) A
6000
B
12000
foKkiu (Advertisement)
1500
lao"s Bu O;; (Packaging Expenses)
600
dk;kZy; O;; (Office expenses)
4800
l dkj[kkuk ekhujh (Factory machinery)
3200
Hkou ( Building)
1600
You are given following information also:
B department does not need any machinery. Only 1/8 of the total area is occupied
by it.
vkidks fuEukafdr lwpuk nh gqbZ gSc foHkkx dks fdlh ekhu dh vko;Drk ugha iM+rh gSA c foHkkx dqy Hkou dk dsoy
1@8 Hkkx gh iz;ksx djrh gSA
Q.28
Tkc Lora= :i ls O;kikj djus okyh dksbZ kk[kk fonsk esa fLFkr gks rks kk[kk ryiV ds
vadksa dks eq[; dk;kZy; dh iqLrdksa esa fdl izdkj lekesfyr fd;k tkuk pkfg, \
Q.29
Q.30 Dinesh of Lucknow has Branch at Faridabad. Goods are supplied to Branch at cost
+20%. The expenses of the Branch are paid from Lucknow and the Branch keeps a
sales Journal and Debtors Ledgers only. From the following particulars,
prepare Branch Account and its Trading and Profits & Loss Account for the year
ending 31st March, 2008.
Yk[kum ds fnusk dh Qjhnkckn esa ,d kk[kk gSA kk[kk dks ykxr +20% ij eky Hkstk
tkrk gSA kk[kk ds O;; Yk[kum ls Hkqxrku fd, tkrs gSa vkSj kk[kk viuh nsunkj [kkrk
cgh ,oa tuZy j[krh gSA fuEukafdr fooj.k ls 31 ekpZ 2008 dks lekIr gksus okys o"kZ ds
fy, kk[kk ys[kk ,oa bldk O;kikfjd ,oa ykHk gkfu ys[kk cukb,izkjfEHkd Lda/k chtd ewY; ij(Opening Stock at Invoice Price)
eq[; dk;kZy; ls eky izkIr(Goods Received from Debtors)
eq[; dk;kZy; }kjk kk[kk O;;ksa dk Hkqxrku
(Expense paid by Head Office for Branch)
udn fcdzh (Cash Sales)
nsunkjksa ls izkfIr;ka(Receipts from Debtors)
36
120000
150000
52000
87500
189500
SAC/Department of Commerce
45800
18000
90000
205000
Q.31- The Nagaland Coliery Company took lease of a coal bearing area for a period of
20 years from 1st January, 2004 on a royalty of 2 per tone subject to a
minimum rent of Rs. 15,000 per annum with power to recoup shorworkings over
the first four years of the base. The output for the first four year was as follows:
nh ukxkyS.M dksfy;jh dEiuh 1 tuojh] 2004 dks ,d dks;yk cgqy {ks= iV~Vs ij20
o"kksZa ds fy, fy;k ftldk vf/kdkj&kqYd 2 izfr Vu dh nj ls ns; FkkAU;wure
fdjk;k 15]000 # Okkf"kZd Fkk ftldh olwyh iV~Vs ysus dh frfFk ls izFke pkj o"kksZa rd
gh gksuh FkhA izFke pkj o"kksZa esa mRiknu fuEufyf[kr Fks%
o"kZ (years)
2004
2005
2006
2007
2008
mRiknu Vu esa
(Production in Tons) 3,000
4,000
8,000
10,000
12,000
dksfy;jh dEiuh dh iqLrdksa esa lHkh o"kksZa dh tuZy izfof"V;kaW dhft, ,oa
avf/kdkj&kqYd [kkrk] y?kqdk;Z [kkrk ,oa HkwLokeh [kkrk cukb,A
You are required to give journal entries for all the years and to show Royalties
A/c, Shortworkings A/c and the Landlord A/c in the books of Coliery Company.
Q.32 A leased a colliery for 20 years. The dead rent was 7500 a year, merging into a
Royalty of 40 paise per ton of coal raised, with the right to recoup shortworking out
of excess of Royalties of two subsequent years from the period in which
Shortworking arose. The quantities raised were: 1st year 10,000 tons; 2nd year
15,000 for tons; 3rd year 25,000 tons; 4th year 15,000 tons; and 5th year 10,000 tons.
Give Ledger Accounts necessary for each of the five years in the books of lessee.
A us 20 o"kZ ds fy, dks;ys dh [kku dks iV~Vs ij fn;kA fLFkj fdjk;k izfr o"kZ dk
7]500 FkkA vf/kdkj&kqYd dh jkfk fudkys gq, dks;ys ij izfr Vu 40 isSls FkhA
izR;sd o"kZ ds y?kqdk;Z dh jkfk dks blds ckn okys nks o"kksZa esa vf/kdkj&kqYd dh
vkf/kD; dh jkfk ls vifyf[kr fd;k tk ldrk gSA fudklh fuEu izdkj gqbZ izFke o"kZ
10]000 Vu( f}rh; o"kZ 15]000 Vu( r`rh; o"kZ 25]000 Vu( pkSFkh o"kZ 15]000 Vu vkSj
ikapoh o"kZ 10]000 VuA iV~Vsnkj dh iqLrdksa esa bu ikapksa o"kksZa ds fy, vko;d [kkrs
[kksfy,A
Q.33 The Assam Coal Company Ltd. Holds a lease of coal mines for a period of ten
years. According to the lease, the company is to pay 75 paise as royalty per tone
with a minimum rent of 15,000 per year. Short workings can be recovered out of
the royalty in excess of the minimum rent of the next two years only. In the year of
a strike the minimum rent is to be reduced to 50%. The output of six years have
been as under:
Years
1995
1996 1997
1998 1999
2000 (Strike)
37
SAC/Department of Commerce
15,000
vklke dksy dEiuh fy- ds ikl 10 o"kksZa ds fy, dks;ys dh [kkuksa dk iV~Vk gSA iV~Vs ds
vuqlkj dEiuh dks 75 iSls izfr Vu dh nj ls vf/kdkj&kqYd 15]000 Okkf"kZd U;wure
fdjk;s ds lkFk nsuk gSAy?kqdk;Z jkfk dks dsoy vxys nks o"kksZa dh ml vf/kdkj&kqYd ls
tks U;wure fdjk;s ls vf/kd gS] olwy fd;k tk ldrk gSA gM+rky ds o"kZ esa U;wure
fdjk;s dks 50 izfrkr rd dj fn;k tk;sxkA N% o"kksZa dk mRiknu fuEu izdkj gS%
o"kZ
1995 1996 1997 1998 1999 2000 (gM+rky
mRiknu Vuksa esa
10]000 12]000 28]000 25]000 50]000 15]000
iV~Vsnkj dh cfg;ksa esa vko;d [kkrs [kksfy,A
Q.34- What is Statement of Affairs? How does it differ from Balance Sheet? What lists
are prepared by the Debtor to prepare Statement of Affairs?
fLFkfr&fooj.k dk D;k vkk; gS\ blesa vkSj fpV~Bs esa D;k vUrj gS\ fLFkfr&fooj.k
rS;kj djrs le; _.kh dkSu lh lwfp;ka cukrk gS\
Q.35- fVIi.kh fyf[k;s (Write notes on%
i. fLFkfr&fooj.k (Statement of Affairs
ii. deh [kkrk (Deficiency Accounts
iii. lqjf{kr ysunkj (Secured Loan
iv. vlqjf{kr ysunkj (Unsecured Loan
v. ldy nkf;Ro (Grosss Liability
vi. vuqekfur ns; (Expected to Rank
vii. L=h/ku (Stridhan
Q.36
38
SAC/Department of Commerce
djds 500
Q.37
kkfey gSA
SAC/Department of Commerce
vizkI; _.k
fQDlplZ ykxr 800 vuqekfur izkI;
O;kikfjd jgfr;k & ykxr 8]000 :- vuqekfur izkI;
5]000
350
5]500
60,600
600
540
9,000
36000
120000
36000
2400
42000
Hkksiky dh fjpk us 31-3-2008 dks fnokfy;k ?kksf"kr fd;s tkus ds fy, viuk fiVhku
Qkby fd;kA mldk fLFkfr fooj.k ,oa deh dk [kkrk fuEukafdr fooj.kksa ls cukb, %
O;kikfjd LVkWd ykxr ij
24,000
cSad
240
nsunkj % vPNs
1800
lafnX/k (vuqekfur izkI; 1800
6000
cqjs
1500
25,500
ysunkj
60,600
iwokZf/kdkj ysunkj
600
ns; fcy
540
fjpk ds ifr ls _.k
9,000
Hkou dh izfrHkwfr ij _.k
36000
Hkou (vuqekfur izkI; 60000
120000
ysunkj] thou ikWfylh ls jf{kr (vuqekfur izkI; 12000
36000
VkbijkbZVj (vuqekfur izkI; 1050
2400
xkfM+;k ykxr 60000 ?kVk;k kl 18000
42000
(vuqekfur izkI; 6000
40
SAC/Department of Commerce
B Coal Co. took a mine on lease on 1st April 2003. Its books are closed on 31st
December every year. The minimum rent was agreed upon as follows:
up to the commencement of work 12,000 annually.
After the commencement of work 18000 annually.
The rate of royalty was 1 Per ton. Shortworking of any year could be could be
recouped during the subsequent two years. The actual work commenced on 1st
January, 2005 and the output was as under:
Year
2005
2006
2007
2008
Production in tons
15,000
25,000
20,000
30,000
Prepare necessary accounts in the books of B Coal Co. for 2003 to 2008.
B dksy daiuh us 1 viszy 2003 dks ,d [kku iV~Vs ij yhA bldh iqLrdsa izfr o"kZ 31
fnlEcj dks cUn gksrh gSaA U;wure fdjk;k ij fuEu Bgjko gqvkA
dk;Z izkjEHk gksus rd 12]000 izfr ekg
dk;Z izkjEHk gksus ds ckn 18]000 izfr ekg
vf/kdkj kqYd dh nj 1 izfr Vu FkhA fdlh Hkh o"kZ dh y?kqdk;Z jkfk dks vxyh nks
o"kksZa rd olwy fd;k tk ldrk FkkA
dk;Z okLro esa 1 tuojh] 2005 dks izkjEHk gqvk vkSj vkSj mRiknu fuEu izdkj Fkk%
o"kZ
2005
2006
2007
2008
mRiknu Vu esa
15,000
25,000
20,000
30,000
B dksy dEiuh dh iqLrdksa esa 2003 ls 2008 rd ds fy, vko;d [kkrs cukb,A
Q.40 Mohan took a mine on lease. Royalty is paid half-yearly 50 paise per ton
Minimum Rent per year is Rs. 6000 each years shortworkings can be recouped in
the first three years of the lease. Following are the yields:
41
SAC/Department of Commerce
Q.41 A and B are partners with capital of 13000 and 11000, respectively.They
admit C as partner with 1/5 share in the profits of the firm. C brings 13000 as
his share of Capital. Give journal entries to record goodwill on Cs admission?
X,Y vkSj Z O;kikj ds cjkcj ds lk>snkj gSaA 1 tuojh] 2009 dks dks O;olk; esa bl krZ
ij kkfey djrs gSa fd N O;kikj esa Hkfo"; ds 1@3 ykHk ds fgLls ds fy, ,u 50]000
iwt
a h vkSj 30]000 [;kfr nsxk A 31 fnlEcj] 2008 dks X,Y,Z vkSj N dk fuEufyf[kr
vkfFkZd fpV~Bk gSA
Liabilities
Amount
nkf;Ro
Yksunkj Creditors
vfoHkkftr ykHk Undivided
Assets
lEifRr;ka
2,30,000 cSad esa jksdM+ Cash at Bank
60,000 nsunkj Debtors
Profit
iwt
a h Capital
X
jgfr;k+ Stock
1,20,000
45,000
25,000
Amount
15,000
30,000
75,000
ekhujh Machinery
1,75,000
Hkou Buildings
2,30,000
1,90,000
45,000
5,25,000
5,25,000
42
SAC/Department of Commerce
(d) Outstanding expenses Rs. 7,500 and outstanding income Rs. 1,500 shuld be
brought into account Prepare Profit and Lose adjustment A/c, Partners Capital
Accounts and the and the adjusted Balance sheet of X, Y, z and N.
;g ikjLifjd r; gqvk fd N dks lk>s esa kkfey djus ds igys fuEufyf[kr lek;kstuk,a
dk;ZfUor dj ysuh pkfg,A
(vekhujh rFkk Hkou dk ewY; ek% 20 izfrkr rFkk 5 izfrkr ls kflr dj fn;k
tk,A
(cLVkWd dk iquewZY;kadu 1]35]000 ij fd;k tkuk pkfg,A
(lvizkI; _.k ds fy, 10 izfrkr lafpfr dk fuekZ.k djuk pkfg,A
(nvnRr O;; ds fy, 7]500 rFkk mikftZr vk; ds fy, 1]500 dk ys[kk djuk pkfg,A
ykHk gkkfu lek;kstu [kkrk] lk>snkjksa ds iwt
a h [kkrs rFkk X,Y,Z vkSj N dk lek;ksftr
vkfFkZd fpV~Bk rS;kj dhft,A
Q.43 Ranvir and Balvir were partners in a business. Their profit sharing ratio was
and respectively, On 31st December, 2008 their Balance Sheet was a follows :
j.kohj rFkk cyohj ,d O;olk; esa lk>snkj FksA muds ykHk&gkfu dk vuqikr ek%
3@4rFkk1@4 Fkk A 31 fnlEcj] 2008 dks mudk vkfFkZd fpV~Bk fuEu Fkk%
jde
jde
Ikwath vkSj nkf;Ro Capital
lEifRr;ka Assets
and liabilities
Amount
fofo/k ysunkj
37,500
Sundry Creditors
iwt
a h [kkrs
Capial A/cs
j.kohj Ranvir
cyohj Balvir
Amount
22,500
3,000
Receivable
87,500
16,000
Debtors
LVkWd Stock
QuhZpj Furniture
Hkou Building
20,000
1,000
25,000
87,500
SAC/Department of Commerce
(d)The capital accounts of old partners being adjusted on the basis of new profit
sharing ratio.
Prepare Journal Entries and Opening balance Sheet of the new firm.
1 tuojh] 2009 dks egkojh dks fuEufyf[kr krksaZ ij kkfey djrs gaS%
(vEkgkohj viuh iwt
a h ds :i esa 30000 : nsxk ftlds fy, Hkfo"; esa mls 1@5 Hkkx
ykHk feysxk A
(cUk, QeZ dh iqLrdksa esa 20000 dh [;kfr [kkrk [kksyk tk,xkA cfg;ksa esa [;kfr
[kkrk ugha jguk pkfg,A
(lLVkWd rFkk QuhZpj dk ewY; 10 izfrkr de dj fn;k tk,xk rFkk Hkou ds ewY; esa
20 izfrkr dh o`f) dh tk,xh rFkk nsunkjdh jde ij 5 izfrkr dh lafnX/k _.k
lafpfr dh tk,xhA
(nIkqjkus lk>snkjksa dh iwath [kkrksa dks ykHk&foHkktu ds u, vuqikrksa ds vuqlkj
lek;kstu fd;k tk;xkA
jkstukepk izfo"V;ka rFkk ubZ QeZ dk izkjfEHkd vkfFkZd fpV~Bk rS;kj dhft,A
Q.44 X and Y are partners sharing profit is the ratio of 3:2.The following is the Balance
Sheet as on 31st Dec, 2008. Z is admiteed on the date as partner.
X vkSj Y 3%2 esa ykHk foHkktu djrs gq, lk>snkj gSaA 31 fnlacj] 2008 ds fuEufyf[kr
vkfFkZd fpV~Bk gSA mDr frfFk dks Z dks lk>snkj ds :Ik esa lfEefyr fd;k x;k gS%
Ikwt
a h vkSj nkf;Ro Capital and
jde
jde
liabilities
Amount
and Properties
Amount
36,000
24,000
32,000
nsunkj Debtors
jgfr;k stock
udn Cash
ekhujh Machinery
Hkou Building
22,000
24,000
18,000
20,000
16,000
20,000
16,000
ysunkj Creditors
lkekU; lap; General
Reserve
8,000
1,00,00
1,00,000
44
SAC/Department of Commerce
The future profit sharing proportions is as: X=2/5, Y=2/5 and Z =1/5 Prepare the
necessary ledger accounts and the balance sheet of the new firm.
Singh, Pandey and Gupta are partners in a firm sharing profits and losses in the
ratio of 3: 2: 1.The Balance Sheet of their Business as on 31 st March, 2009 is
given below:
flag] ik.Ms; vkSj xqIrk 3%2%1 ds vuqikr esa ykHkksa vkSj gkfu;ksa dk foHkktu djrs gq ,
QeZ esa lk>snkj gSA 31 ekpZ]2009 dks muds O;olk; dk vkfFkZd fpV~Bk fuEufyf[kr gS%
Ikwath vkSj nkf;Ro Capital
jde
lEifRr;ka vkSj tk;nkn
jde
and liabilities
Ikwath [kkrs Capital Account
flag
56000
ik.Ms
44000
xqIrk
32000
ysunkj Creditors
ns; fcy Bills Payable
Amount
Amount
22,000
24,000
18,000
20,000
16,000
92,000
192000
192000
SAC/Department of Commerce
A,B, and C are partners sharing profits and losses in the ratio of their capital.
Their Balance Sheet was as under:
A,B, vkSj C vius iwath ds vuqikr esa ykHk vkSj gkfu;ksa dks foHkktu djrs gq, lk>snkj
gSA mudk vkfFkZd fpV~Bk fuEufyf[kr Fkk%
jde
jde
Ikwath vkSj nkf;Ro Capital
lEifRr;ka vkSj tk;nkn
and liabilities
ysunkj Creditors
ns; foi= Bill Payable
iwt
a h [kkrs Capital Accounts
:
A
70000
B
80000
C
50000
Amount
62000
Doubtful Debits
5000
jgfr;k stock
fofu;ksx Investment
QuhZpj Furniture
Iyk.V vkSj ekhujh Pland
and Machinery
300000
A retires subject to the following adjustments:
(i)All debtors are good.
(ii)Depreciate Furniture by 5 % and Stock by 10 %.
(iii)Interest accrued on investment is 3000.
(iv)Creditors will be written back by 3000.
(v)Goodwill of the firm is valued at 18000.
(vi)Present Value of investment is 25000.
46
30000
40000
20000
24000
124000
3,00,000
SAC/Department of Commerce
Prepare profit and loss adjustment account, Partners Captital Account and new
Balance Sheet of B and C.
A, B and C are partners sharing profits in the ratio of 3:2:1. Their balance sheet
was as under:
A, B vkSj C 3%2%1 ds vuqikr eas ykHkksa dk foHkktu djrs gq, lk>snkj gSA mudk
vxzfyf[kr vkfFkZd fpV~Bk Fkk %
Ikwath vkSj nkf;Ro Capital
jde
lEifRr;ka vkSj tk;nkn
jde
and liabilities
ysunkj Creditors
ns; foi= Bill Payable
iwt
a h [kkrs Capital Accounts
:
A
16000
B
12000
C
10400
48000
(a)A retired and the assets of the firm were revalued as under:
Amount
1600
10400
12000
9600
14400
48000
A vodkk ys ysrk gS vksj QeZ dh lEifRr;ka fuEufyf[kr izdkj ewY;kadu dh tkuh Fkh
%
[;kfr Goodwill
3200
nsunkj Debitors
11200
jgfr;k Stock
9600
ekhujh Machinery
8800
Hkwfe vkSj Hkou
Building & Building
(b)Creditors to the extent of 2.5 % are net likely to claim their dues.
17600
2-5 izfrkr rd ds ysunkj ds }kjk vius cdk;k ds fy, nkok djus djus dh lEHkkouk
ugha gSA
Assuming that above adjustments are duly carried through, you are required to
prepare revaluation Account, Partners Captial accounts and balance sheet of B
and C after As retirement.
;g ekurs gqw, fd mi;qDr lek;kstuk,a dj nh xbZ gSa] vki iquewZY;kadu [kkrk] lk>snkjksa
ds iwt
a h [kkrs vkSj A ds vodkk xzg.k djus ds ckn B vkSj C dk vkfFkZd fpV~Bk
cuk,aA
47
SAC/Department of Commerce
Q.50 Explain the accounting provision related to profit and loss appropriation account
and revaluation account.
ykHk&gkfu fu;kstu [kkrk ,oa iquewZY;kadu [kkrs ls lacafkr ys[kkadu izkokua d Li"V
dhft,A
48
SAC/Department of Commerce
Answer Key
1. (b) (c] 2. (a) (v] 3. (c) (l] 4. (b) (c] 5. (a) (v] 6. (c) (l] 7. (a) (v] 8. (b) (c] 9.
(a) (v] 10. (b) (c] 11. (b) (c] 12. (d) (n] 13. (b) (c] 14. (a) (v]15. (c) (l] 16. (a) (v]
17. (a) (v] 18. (b) (c] 19. (c) (l] 20. (a) (v] 21. (c) (l] 22. (a) (v] 23. (b) (c] 24.
(a) (v] 25. (b) (c
26. Trade (O;kikfjd] 27. Depreciation (gzkl] 28. Credit (lekdyu] 29. Expenditure (O;;
30. Supense (mPpar ] 31. Next (vxys] 32. Cost of Sales (fo; dh ykxr] 33. Liability
(nkf;Ro] 34. Fluctuation (mPpkopu] 35. Diminishing Balance ( ekxr 'ks"k] 36. Invoice
(chtd] 37. Closing (vafre] 38. Space (LFkku] 39. Net Profit ('kq) ykHk] 40. Selling
Price, Cost Price (fo; ewY;] (ykxr ewY;] 41. Shortworking (y?kqdk;Z] 42. Lessee
account (iV~Vsnkj dk [kkrk] 43. Shortworking (y?kqdk;Z] 44. Preferential (iwokZf/kdkj] 45.
Deficiency (ghurk] 46. All the old partners (iqjkus lHkh lk>snkj] 47. All (lHkh] 48. Loan
(_.k] 49. Capital (iwth] 50. Debited (fodfyr
51. False (vlR;] 52. False (vlR;] 53. False (vlR;] 54. True (lR;] 55. False (vlR;]
56. True (lR;] 57. False( vlR;] 58. False (vlR;] 59. True (lR;] 60. False (vlR;]
61. True (lR;] 62. False (vlR;] 63. False (vlR;] 64. True (lR;] 65. False (vlR;]
66. True (lR;] 67. False (vlR;] 68. False (vlR;] 69. True (lR;] 70. False (vlR;]
71. False (vlR;] 72. False (vlR;] 73. True (lR;] 74. False (vlR;] 75. False (vlR;
49
SAC/Department of Commerce
BUSINESS LAW
SECTION A
50
SAC/Department of Commerce
Section A
A.Objective Type Questions
"
(I)Multiple Choice Questions:Q.1.
A contract entered into between the parties by words is called(a) express contract
(b) implied contract
(c) quasi contract
(d) specific contract
nks i{kkas ds chp eas gksus okys ekSf[kd vuqca/k dks dgrs gSaA
(vO;Dr vuqca/k
(cfu;fer vuqca/k
(ldklh vuqca/k
(nfoks"k vuqca/k
Q.2.
When an offer can be accepted only by the person to whom it is made, it is called(a)Express offer
(b)General offer
(c)Specific offer
(d)Implied offer
tc ,d izLrko flQZ mlh }kjk Lohd`r fd;k tk, ftls izkIr gqvk gS mls dgrs gSaA
(vO;Dr izLrko
(cvke izLrko
(lfoks"k izLrko
(nfu;fer izLrko
Q.3.
SAC/Department of Commerce
(b)Voidable
(c)Void
(d)Valid
Two or more persons are said to consent when they agree upon
(a)The same thing in the same sense
(b)The same thing in any sense
(c)The same thing in a specific sense
(d)None of these
(b)1827
(d) 1867
Q.8
(a)illegal
(c) void
(b)valid
(d) voidable
Q.9
(a)void
(c) illegal
(b)voidable
(d) valid
52
SAC/Department of Commerce
(v chek vuqcU/k
(crst e.Mh vuqca/k
(lLohdkjukes }kjk ykWVjh [kjhnuk (nbuesa ls lHkh
Q.10 Consideration must move at the desire of-
(vr`rh; i{kdkj
(lftlls opu fy;k tk,
Q.11
(b.)The promisee
(d)None of them
(b) Services
(d) All of these
(v 5 yk[k rd
(l 30 yk[k rd
Q.14
(c20 yk[k rd
(n buesa ls dksbZ ugha
(v 18 o"kZ
(l 35 o"kZ
Q.15
(b) Up to 20 lacs
(d) None of them
(c25 o"kZ
(n60 o"kZ
SAC/Department of Commerce
(b) 3
(d) 5
(c3
54
SAC/Department of Commerce
(l 4
Q.23.
(v 20
(l 10
Q.24
Q.25
(n5
(c15
(n5
(v 1932 ls
(l 1930 ls
(c1933 ls
(n1936 ls
(v lk>snkjh dh vof/k
(c lk>snkjh dk drZO;
(l QeksZa ds jftLVj
(nlk>snkjh ls vyx gksus dh O;oLFkk
(II).Fill in the blanks
_______________
lHkh 'kiFkdrkZ lg;ksx djus ds fy, tokcnkj gS _______________
Q.26
Q.27
55
SAC/Department of Commerce
Q.30
og O;fDr tks nwljs O;fDr dh vksj ls dks dk;Z djus ds fy, fu;qDr fd;k tkrk gS
og ______ gS A
Q.39
In pledge the pawnee doesnt have the right to _______ the pledged goods.
56
SAC/Department of Commerce
Q.42
Q.48
MRTP Act extends to the whole of the India except the state of __________
Hkkjr esa __________ jkT; dks NksM+dj ckdh lHkh jkT;ksa esa ,dkf/kdkj ,oa
izfrcfU/kr O;kikj O;ogkj ykxw gksrk gSA
Q.49
Hkkjrh; eqnzk ds vfrfjDr fdlh nwljs nsk dh eqnzk dks__________ds uke ls tkuk
tkrk gSA
True or False
Q.51
57
SAC/Department of Commerce
The finder of goods is the next best aware to the real amount.
A release of one promisor does not discharge the other joints promisors.
D;k fdlh Hkh oLrq ds lkFk ,d vuqca/k ls ckgj gks ldrs gS?
Q.58
The contract act is compeltely silent on the question of the place of contract
,d vuqca/k nks rRo le>kSrs vkSj {kerk dks ykxw djuk ls feydj curk gSA
Q.60
58
SAC/Department of Commerce
ftyk Qksje ds v/;{k ,oa lnL;ksa dh fu;qfDr jkT; ljdkj }kjk dh tkrh gSA
Q.72
20-00 yk[k rd gS A
59
SAC/Department of Commerce
BUSINESS LAW
SECTION B
60
SAC/Department of Commerce
Q.1
What is a sub-agent?
mi ,tsVa D;k gS \
Q.3 What is subtituted agent?
What is partnership?
SAC/Department of Commerce
Q.14
lk>snkjh lays[k esa fn, tkus okys fdUgha 8 fcUnqvksa dks Li"V dhft,A
Q.19
62
SAC/Department of Commerce
Q.37
SAC/Department of Commerce
Q.40.
Define Lien?
D;k oS| vuqca/k ds fy;s izfrQy gksuk vko;d gS\ Li"V dhft,A
Q.50
64
SAC/Department of Commerce
BUSINESS LAW
SECTION C
65
SAC/Department of Commerce
Define a valid contract? What are the main essentials of a valid contract?
to
sign
i{kdkjkas dh vuqca/k djus dh {kerk ls vki D;k le>rs gS\ bl lac/a k eas vo;Ld dh
fLFkfr dh foospuk dhft,A
Q.5.
All contingent contracts are not valid and those are called as contingent
agreements Explain briefly by giving suitable example.
lHkh ny vuqca/k]oS| ugh gSa vkSj vkdfLed le>kSrs dgykrs gSaA mi;qDr mnkgj.k nsdj
le>kb,\
Q.9.
What are quasi contract and give its 3 salient features. Explain any 5
circumstances when quasi contractual relations arise.
v/kZ vuqca/k D;k gS vkSj mlds rhu eq[; foks"krk, crk,A fdlh ikWp ifjfLfFkr;ksa dh
O;k[;k dhft,,tc v/kZ vuqca/k iSnk gksrk gS\
Q.10. Write the performance of reciprocal promises and give the kinds of reciprocal
promises. Discuss with example.
ikjLifjd oknks dk fu"iknu fyf[k;s vkSj ikjLifjd oknks ds izdkja dks mnkgj.k lfgr
le>kb, A
66
SAC/Department of Commerce
Q.11
What is meant by breach of contract? What are the various remedies for breach of
contract?
vuqcU/k ax fdls dgrs gSaA vuqcU/k ax dh fLFkfr esa dkSu dkSu ls mipkj miyC/k
gS\
Q.12
vuqcU/k [k.Mu esa ihfM+r i{kdkj dks izkIr mipkjksa dks laf{kIr esa le>kb;s \
Q.13
fxjoh dh ijhHkk"kk nhft, A fxjoh j[k ysus okys ds vf/kdkjksa dk o.kZu dhft,\
Q.16
^O;kikj ds ykHk esa Hkkx ysuk gh lk>snkjh dh fo|ekurk dk fu'p;kRed izek.k ugh
gSA** O;k[;k nhft, \
Q.23. Define Partnership. How would you determine whether a group of persons
constitute a partnership or not?
67
SAC/Department of Commerce
Lkk>snkjh dh ifjHkk"kk nhft,A vki dSls fu.kZ; djsxsa fd O;fDr;ksa dk dksbZ lewg
lk>snkjh gS vFkok ugh\
Q.24. Explain the mutual rights and duties of partnership in the absence of partnership
deed.
i`"Bkadu dks ifjHkkf"kr dhft, ,oa mu ewy foks"krkva dks le>kb, t bls lkekU;
oLrqvksa ls fHkUu djrh gSaA
Q.26
^vkyksdu* ,oa ^izek.ku* ls vki D;k le>rs gSa\ D;k fo/kku }kjk ;g vko;d gS\
Q.27. What is the effect of crossing a cheque? Can a cheque crossed Not-Negotiable
be endorsed and negotiated?
psd ds js[kkadu dk D;k izHkko gksrk gS\ ,d psd ftl ij vijke.k js[kkadu gqvk gS
cspku rFkk ijke.k gks ldrk gS\
Q.28. Define negotiable instrument and discuss the legal presumptions of negotiable
instrument.
lk>snkjh lays[k ds vHkko esa lk>snkjh ds ikjLifjd vf/kdkjksa ,oa drZO;ksa dh O;k[;k
dhft,A
Q.30. The relation of partnership arises from contract and not from status. Discuss
this statement and state the essential elements of partnership.
lk>snkjh dk lEcU/k vuqcU/k ls mRiUu gksrk gS] fLFkfr ls ugha**A bl dFku dh O;k[;k
dhft, rFkk lk>snkjh ds vko;d y{k.k crkb,A
Q.31. A and B occasionally buy gold from the market make ornaments therefrom with
the help of a goldsmith in their employment and sell the ornaments at profit. The
profits are shared between them. Subsequently, A takes an advance from a
customer on account of ornaments and runs away. Discuss Bs legal position.
^v* rFkk ^c*dHkh&dHkh cktkj ls lksuk ; djrs gSa vkSj ,d lqukj dh lgk;rk ls
mlds vkHkw"k.k cuokdj ykHk ij fo; dj nsrs s gSaA ykHk os vkil esa ckaV ysrs gSaA ckn
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esa ^v* ,d xzkgd ls is'kxh ys ysrk gS vkSj Hkkx tkrk gSA ^c* dh oS/kkfud fLFkfr
crkvksA
Q.32. What do you mean by Endorsement? Explain the various types of endorsements
with example.
i`"Bkadu ls vki D;k le>rs gSa\ fofHkUu izdkj ds i`"Bkadu dks mnkgj.k lfgr
le>kb,A
Q.33. Explain the constitution object & powers of Consumer court in India.
Hkkjr esa miHkksDrk U;k;ky;ksa ds xBu] mn~ns; ,oa 'kfDr;ksa dh foospuk dhft;sA
Q.34. What are the polices of District forum in the redresssal of consumer grievances?
ftyk Qksje esa fkdk;rksa ds fujkdj.k ds fy;s D;k uhfr funsZk gS\
Q.35
What are the reliefs provided under the Consumer Protection Act?
ftyk miHkksDrk laj{k.k ifj"kn D;k gS\ mn~ns; ds lkFk foospuk dhft;sA
Q.37
fons'kh fofue; izca/k vf/kfu;e 2000 D;k gS\ blds egRoiw.kZ fcanqvksa ij fopkj dhft,A
Q.42. What restrictions have been imposed on dealing in foreing exchange?
fonskh fofue; ds varxZr O;kikj djus ij fdu dk;ksZa dks djus ij jksd yxkbZ xbZ
gS\ crykb,A
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psd ds js[kkadu dk D;k vkk; gS \ js[kkadu ds fofHkUu izdkjksa dks mlds oS/kkfud
izHkko lfgr le>kb,A
Q.45. Agreement with minor is void ab initio. Explain.
vO;Ld ds lkFk fd;k x;k Bgjko izkjEHk ls gh O;FkZ gksrk gSA Li"V dhft,A
Q.46. A minor binds others, but is never bound by others. Explain this statement.
,d vO;Ld nwljksa dks rks ck/; djrk gS fdUrq Lo;a nwljksa ls dHkh Hkh ck/; ugha
gksrk gSA bl dFku fd foospuk dhft,A
Q.47 What is partnership deed? Discuss its elements and utility.
fdlh vuqcU/k ds vHkko esa lk>snkjksa ds ikjLifjd vf/kdkjksa rFkk dkZO;ksa dh O;k[;k
dhft;sA
Q.49. Discuss the powers of Commission under the M.R.T.P Act,1969.
,dkf/kdkj ,oa izfrcU/kkRed O;kikj O;ogkj vf/kfu;e] 1969 esa vk;ksx ds vf/kdkjksa dk
o.kZu dhft,A
Q.50. Discuss the various agreements which are expressly declared by the Indian
contract act to be void.
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Answer Key
1. (a) (v] 2. (c) (l] 3. (a) (v] 4. (d) (n] 5. (c) (l] 6. (a) (v] 7. (c) (l] 8. (a) (v] 9.
(c) (l] 10. (c) (l] 11. (c) (l] 12. (b) (c 13. (d) (n] 14. (c) (l] 15. (d) (n] 16. (a) (v]
17. (c) (l] 18. (d) (n] 19. (a) (v 20. (c) (l] 21(b) (c 22. (a) (v] 23. . (a) (v] 24.
(a) (v] 25. (c) (l]
26. Equally (leku] 27. Bailee (fu{ksix`fgrk] 28. Agreement (Bgjko] 29. Express (O;Dr
30. Words ('kCn ] 31. Enforcable (ekuuh;] 32. Promise (opu] 33. Consideration
(izfrQy ] 34. Ratify (izekf.kr djuk] 35. Restitution ({kfriwfrZ] 36. Three (rhu] 37.
Movable (py lEifRr] 38. Agent (izfrfufk] 39. Immovable (vpy] 40. Use(mi;x] 41.
Nominal (ukeekk] 42. Relation (lacak] 43. India except J&K 44. Drawer, Drawee and
Payee(vkgkrkZ vkgkjhZ HkqxrkudrkZ] 45. Promisor & Promisee (opunkrk ,oa opux`fgrk] 46.
Currency (eqnzk] 47. Authorized (vfkd`r] 48. J& K 49. 1969 50. Foreign Currency
(fons'kh eqnzk
51. False (vlR;] 52. True (lR;] 53. False (vlR;] 54. True (lR;] 55. True (lR;] 56.
False (vlR;] 57. False( vlR;] 58. False (vlR;] 59. True (lR;] 60. False (vlR;] 61.
False (vlR;] 62. True (lR;] 63. True (lR;] 64. True (lR;] 65. False (vlR;] 66.
True (lR;] 67. True(lR;] 68. True (lR;] 69. False (vlR;] 70. True (lR;] 71. False
(vlR;] 72. False (vlR;] 73. False (vlR;] 74. True (lR;] 75. True (lR;
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MICRO ECONOMICS
SECTION A
OBJECTIVE TYPE QUESTIONs
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Section A
A.Objective Type Questions
"
(I)Multiple Choice Questions:-
Q.1 Which economist has given more importance to human welfare as compared to
wealth?
(a) Marshall
(b) Robbins
(c) J.K. Mehta
(d) Samuelson
fdl vFkZ'kkL=h us /ku dh rqyuk es ekuo mUufr dks T;knk egRo fn;k gSA
(v ek'kZy
(c jkfculu
(l ts-ds- esgrk
(n lsE;qylu
Q.2 Which of the following definitions of economics includes the economic concept of
Scales of Preferences
(a) Wealth
(b) Welfare
(c) Scarcity
(d) Growth
buesa ls fdl vFkZkkL=h dh ifjHkk"kk es ojh;rkvksa ds rjktw dh vkfFkZd vo/kkj.kk Hkh
'kkfey gS
(v /ku
(l lhferrk
(c dY;k.k
(n fodkl
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(l ;ksx
(n mijksDr lHkh
Q.5 Problem of Capital Formation in under developed countires Who is the writer of
this book(a) Marshall
(b)Regner Nurkse
(c) Robin
(d)None of these
Problem of Capital Formation in under developed countires;g iqLrd fdlus fy[kh
gSA
(v ek'kZy
(l jkWfcu
(c jsxuj udZls
(n buesa ls dksbZ ugha
vkfFkZd leL;kva ds mRiUu gksus ds D;k dkj.k gS(v ekuo dh vlhfer vko;drk,sa
(c lhfer lk/ku
(l oSdfYid ;ksx
(n mijksDr lh
Q.8 Disguised unemployment means(a) Workers are voluntadry unemployed
(b) Workers not getting jobs
(c) Less number of workers engaged in a factory than required
(d) More number of workers engaged in a factory than required
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ewY; esa ifjorZu ds dkj.k ekax dh ek=k esa dksbZ ifjorZu uk vk;s rks ;g ekax gksxh \
(v iw.kZr;k ykspnkj ekax
(c iw.kZr;k csykspnkj ekax
(l ,dkRed ykspnkj ls vf/kd (n ,dkRed ykspnkj ekax
Q.12 Factors affecting elasticity of demand is:
(a)Quality of commodity
(b) Curved demand line
(c)Point method
(d) Income elasticity of demand
tc dher esa 5 izfrkr dh o`f) oLrq ij gksus okys dqy [kpZ esa 5 izfrkr dh o`f)
yk;s, rc oLrq dh ekax dh yksp gksxh ;
(v ,dkRed yksp
(c ,dkRed ls vf/kd
(l ,dkRed ls de
(n 'kwU;
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Q.15 The percentage change in the quantity demanded in response to a percentage change
in the price is known as the(a)Slope of the demand curve.
(b)Excess demand.
(c)Price elasticity of demand.
(d)All of the above
ek=k eas izfrkr ifjorZu ds ifj.kke Lo:i dher eas izfrkr ifjorZu dks dgk tkrk gS &
(vekax o dk <ky
(cvfrfjDr ekax
(lekax dh dher yksp(n mijksDr lh
Q.16 Inflation would(a) Reduce or erode savings
(c) Minimize profit
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Je foHkktu ds :i gS %
(v lk/kkj.k Je foHkktu
(l HkkSxksfyd Je foHkktu
(c tfVy Je foHkktu
(n mijksDr lHkh
Q.21. Malthus presented his Theory of Population in the year (a) 1766
(b) 1798
(c) 1834
(d) 1792
(c Jfed dh fk{kk
(n mijksDr lHkh
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fofHkUu xzkgdksa ls ,d le; esa ,d gh oLrq ds fy;s fofHkUu ewY; ysuk --------------------dgykrk gS A
Q.30. Samuelson has given the concept of ___________.
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^^vknkZre tula[;k og gS tks izfr O;fDr vf/kdre vk; nsrh gSA** &&&&&&&&&&&
us dgk gSA
Q.40 Units of labour produces 100 units of output and 5 units of labour produces ..
units of output if MPP of the labour is 20 units.
Jfedksa }kjk fd, x, dk;Z dh bdkbZ ;fn 100 gS rks 5 bdkbZ Jfedksa }kjk ----------bdkbZ
dk;Z fd;k tk,xk ;fn Jfedksa dk MPP cjkcj 20 bdkbZ gksA
Q.41 Cross elasticity of demand between two perfect substitutes will be ______
nks iw.kZ LFkkukiUu oLrqvksa dh ekax dh vkM+h ;k frjNh yksp dh eki _________
gksxhA
Q.42 Internal Economies are also known as ___________
tukafddh ifjorZu fl)kar ds vk/kqfud fl)kar dh nwljh voLFkk dks ---------------Hkh dgk
tkrk gSA
Q.44 .................. is the necessary factor of production.
---------------- og fof'k"V lewg vFkok O;fDr gS tks tksf[ke lgrs gS rFkk vfuf'prrk ogu
djrs gSaA
Q.47
___________ ds lanHkZ eas ekax dh dher yksp lnSo bdkbZ ds cjkcj gksrh gSA
Q.49 Micro Economics is derived from the greek word .
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Hkkjr esa tula[;k uhfr dks vf/kd lQyrk ugha feyh gSA
Q.52. Micro economics deals with the problem of the economy as a whole.
O;f"V vFkZkkL= vkSj lef"V vFkZkkL= nksuksa gh vFkZkkL= dh Lora= 'kk[kk,a gSaA
Q.55. Alfred Marshall has given the concept of wealth.
lkoZtfud uhfr esa ekud vad dks Hkh vkfFkZd fo'ys"k.k dh vko';drk gSA
Q.58. Marshall propounded the concept elasticity of demand
tc dqy mRiknu vf/kdre gksrk gS rks lhekUr mRiknu Hkh vf/kdre gksrk gSA
Q.60. Elasticity of demand = 0, when price =0
ifjorZu'khy vuqikr ds fu;e dh rhljh voLFkk esa lhekUr mRiknu _.kkRed gksrk gSA
Q.62. In the third stage of law of variable proportion MP is positive
ifjorZu'khy vuqikr ds fu;e dh rhljh voLFkk esa lhekUr mRiknu /kukRed gksrk gSA
Q.63. Labour is uniform quality.
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Q.64. Acc to law of diminishing returns & cost the marginal cost (M.C) & Average cost
(A.C) both are decrease.
mRifRr kl fu;e rFkk ykxr ds fu;e vuqlkj lhekUr ykxr rFkk vkSlr ykxr nksuksa
esa fxjkoV vkrh gSA
Q.65. In capital intensive technique of production, labour is substituted for capital.
mRiknu dh iwt
a h xgu rduhd esa Je] iwt
a h ds fy;s fodYi gS
Q.66. All wealth is capital.
vuqdwyre tula[;k og gS tks O;fDr dks vf/kdre vk; iznku djrh gSA
Q 69. Capital is the human factor of production
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MICRO ECONOMICS
SECTION B
SHORT ANSWER TYPE QUESTIONs
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oLrq ewY;u esa ekax dh dher yksp ds dksbZ pkj egRo ,oa mi;ksx crkb;s A
Q.6. Define income elasticity of demand.
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fdl izdkj vkarfjd cprsa vfoHkkT;rkvksa rFkk fof'k"Vhdj.k dk ifj.kke gS \Li"V dhft,A
Q.18. Describe pre-requisites of division of labour.
vFkZkkL= eas Je dk D;k rkRi;Z gS\ mRifRr ds lk/ku ds :Ik eas Je dh fofHkUu foks"krk,
crkb;sA
Q.23. Discuss the causes of poverty in India.
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iwt
a h ds egRo dk o.kZu dhft;sA
Q.29. What is technical unemployment?
cMs iSekus ds mRiknu dh ^vkarfjd cprks*a dks ifjHkkf"kr dhft,A fofHkUu izdkj dh
vkarfjd cprksa dh O;k[;k dhft,A
Q.35. Which process is known as the study of process of changes within a period of time?
Explain.
fdl izf;k dks ifjorZu dh izf;k dk v/;;u dgrs gS? le; vof/k ds vuqlkj Li"V
dhft,A
Q.36. What do you mean by the Law of Increasing Returns?
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Q.37. Explain the Law of Diminishing Returns with the help of a diagram. How can its
operation be checked?
mRifRr l fu;e dks js[kkd`fr }kjk le>kb;sA bldh f;k'khyrk dks dSls jksdk tk
ldrk gS \
Q.38. Explain Arc Elasticity of demand.
le>kb;sA
Q.42. What do you mean by change in demand?
LFkSfrd vFkZkkL= vkSj xfrkhy vFkZkkL= ls vki D;k le>rs gS \ muds egRo vkSj
lhekvksa ij ppkZ djsAa
Q.44. Explain the difference between inductive and deductive methods. Mention their
merits and demerits and show that they are complimentary to each other.
vkxeukRed vkSj fuxekuRed i)fr ds chp varj dh O;k[;k dhft,A muds xq.k vkSj
nks"k dk mYYks[k djsa vkSj crkb;s fd dSls ;s ,d nwljs ds iwjd gS\
Q.45. Explain the meaning of land, labour and capital in Economics.
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Q.48. Theories and fact are dependent on each other in economic Comment.
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MICRO ECONOMICS
SECTION C
LONG ANSWER TYPE
QUESTIONs
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O;f"V vFkZkkkL= ds {ks= dks fyf[k, rFkk O;f"V vFkZkkkL= lef"V vFkZkkkL= ls dSls vyx
gS\ Li"V dhft,A
Q.7. Difference between Income Elasticity of Demand & Price Elasticity of Demand.
ekax dh vk; yksp ,oa ekax dh dher yksp esa varj crkb,A
Q.8. What do you mean by economic law? Are economic laws hypothetical?
vkfFkZd fu;eksa ls vki D;k le>rs gSa ? D;k vFkZkkL= ds fu;e dkYifud gksrs gS?
Q.9. Explain the degrees of elasticity of demand with the help of diagram.
ekax dh yksp D;k gS\ ekax dh yksp dks izHkkfor djus okys dkjdksa dh O;k[;k dhft,A
ekax dh yksp dh vo/kkj.kk ds egRo ij izdk'k Mkfy,A
Q.11. How does income of a consumer affect his demand?
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iwt
a h ds dk;kasZ dk o.kZu dhft;s rFkk /ku vkSj iwt
a h eas varj crkb;sA
Q.18. Explain Internal and External economies of large scale production.
cM+s iSekus ds mRiknu ls vki D;k le>rs gS\ blds ykHk o gkfu;ksa dh O;k[;k dhft,A
Q.22. Give the assumptions of Law of demand.
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Q.25. What do you mean by Division of Labour. Give its advantages & disadvantages.
nqyZHkrk D;k gS \ mlds eq[; foks"krk, ,oa mldh dfe;ks dks crk;sa \
Q.31. Explain the different types of Micro-economics.
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uhps tk jgs ck,a ls nk,a ekax odz esa ,d lh/kh jsk ds e/; fcUnq ij ekax dh
yksp D;k gS\
Q.43. Discuss the National population policy 2000?
Hkkjr esa xzkeh.k csjkstxkjh ds D;k dkj.k gSa dksbZ 5 dkj.k crkb,\
Q.45. Explain the Malthusian theory of population? How far is it valid today in India?
ekYFkl ds tula[;k ds fl)kar dks le>kb,A orZeku le; esa ;g Hkkjr esa fdruk ykxw
gksrk gS\
Q.46. Explain the Law of Increasing Returns and say how it is the Law of Decreasing
Cost?
ekxr mRifRr o`f) fu;e dks le>kb;s rFkk crkb;s fd ;g fdl izdkj ekxr
ykxr gzkl fu;e gS \
Q.47. What factors affect the Capital Formation? By the rate of capital formation is slow
in under developed country?
iwath fuekZ.k dks izHkkfor djus okys rRo D;k gS\ v/nZ fodflr nskkas eas iwath fuekZ.k dh
xfr /kheh D;kas gksrh gS\
Q.48. What are the factors on which accumulation of capital depends?
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Q.50. Compare the feature of science and art with economics in detail.
foKku ,oa dyk ds lkis{k esa vFkZkkL= ds va'kksa dh rqyukRed foLr`r foospuk djsaA
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Answer Key
1. (a) 02. (c) 03. (d) 04. (d) 05.(b) 06. (d) 07. (d) 08. (d) 09. (a) 10. (a) 11. (b) 12. (d)
13. (a) 14. (a) 15. (c) 16. (d) 17. (a) 18. (b) 19. (c) 20. (d) 21. (b) 22. (d) 23. (d) 24.
(a) 25. (b)
26. Scarcity (deh ) 27. Less (de) 28. september 25th, 2001 (25 flrEcj 2001) 29. Price
discrimination (ewY; foospu 'kfDr) 30. Growth oriented (fodkl mUeq[k) 31. Change in
price(dher eas ifjorZu) 32. Increasing population (c<rh tula[;k) 33. Third (rhljh) 34.
Labour-(Je) 35. Raw material, Finished good (dPps eky, fufeZr oLrq) 36. M=
37.
1798 38. Optimum (vuqdwyru tula[;k) 39. Dalton (MkWYVu) 40. 120 41. Possitive 42.
Economies of scale 43. population explosive (tula[;k foLQksVd) 44. Land-(Hkwfe) 45.
Smaller or limited (NksVs ;k lhfer) 46. Entreprenur (lkglh) 47.Inelastic
demand.(csyksapnkj ekax) 48. Unitary (,dkRed) 49. Mikros ekbt 50. Individual
(O;fDrxr)
51. True(lR;) 52. False (vlR;) 53. False (vlR;) 54. True (lR;) 55. False (vlR;) 56.
True (lR;) 57. True (lR;) 58. True (lR;) 59. False (vlR;) 60. True (lR;) 61. True
(lR;) 62. False (vlR;) 63. False (vlR;) 64. True (lR;) 65.False (vlR;) 66. False
(vlR;) 67. True(lR;) 68. True (lR;) 69. True (lR;) 70. True (lR;) 71. True (lR;)
72. False (vlR;) 73. True (lR;) 74. False (vlR;) 75. True (lR;)
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