B.Com MUJ manipal jaipur solved assignments

Set- I

Internal Assignment

PRINCIPLES OF BUSINESS MANAGEMENT

1. Discuss the scope of ‘Management’ and the different levels of management.

Ans. Scope management is the process whereby the outputs, outcomes and benefits are identified, defined and controlled. ‘Scope’ is the term used in the management of projects to refer to the totality of the outputs, outcomes and benefits and the work required to produce them.

The different levels of management:

The term Levels of Its Half solved only

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2. Differentiate the qualities of the following two kinds of managers: –

a) Result based manager

b) Strategic manager

Ans: Qualities of the Result based manager:

1. Better implementation
   
   Thinking in terms of problems and opportunities, explicit and shared understanding of “expected results” can strengthen needs assessment, rapid appraisals, planning and monitoring and reveal early in the process misunderstandings or disagreements about goals among stakeholders and implementing partners, which can undermine effective implementation if they are ignored. Getting results clear at the start is the best choice, but clarifying them later can still help remove implementation

                                                       Set- II

4. Discuss the steps in staffing process and its importance in an organisation.

Ans. Staffing is the process of recruiting employees who are eligible for certain positions in a company.

Staffing Process

It is a truth that human resource is one of the greatest for every organization because in any organization all other resources like- money, material, machine etc. can be utilized effectively and efficiently by the positive efforts of human resource.

Therefore it is very important that

5. Define ‘Controlling’. Explain the steps involved in controlling process.

Ans. Controlling involves ensuring that performance does not deviate from standards. Controlling consists of five steps:

 (1) set standards,

 (2) measure

6. Define ‘Directing’. Briefly discuss the principles of directing.

Ans. Directing is the heart of management function. All other functions of management such as planning, organizing, and staffing have no importance without directing. Leadership, motivation, supervision, communication are various aspects of directing. Let us study the importance and principles of directing.

Principles of Directing:-

1. Maximum Individual

Set- I

Internal Assignment

BUSINESS ORGANISATION

1. “Profit making is the primary goal of any business enterprise.” Do you agree with this statement? Give reasons.

Ans. Yes agree with this statement, To be successful and remain in business, both profitability and growth are important and necessary for a company to survive and remain attractive to investors and analysts. Profitability is, of course, critical to a company’s existence, but growth is crucial to long-term survival.

Profit: A company’s net profit is the revenue after all the expenses related to the manufacture, production, and selling of

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2. Who is an entrepreneur? Compare the role of an ‘Entrepreneur’ with that of an ‘Intrapreneur’. Also, illustrate using suitable example.

Ans. An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market. Entrepreneurship that proves to be successful

3. Compare sole proprietor and partnership forms of organization. Also, write a note on suitability of partnership form of organization.

Ans.

                                               Set- II

4. What is ‘Memorandum of Association’? How is it different from ‘Articles of Association’?

Ans. Memorandum of Association: A Memorandum of Association (MoA) represents the charter of the company. It is a legal document prepared during the formation and registration process of a company to define its relationship with shareholders and it specifies the objectives for which the company has been formed. The company can undertake only those activities that are mentioned in the

5. What may be the possible reasons for the failure of a company? Discuss the situations when a company would be winded-up by the court?

Ans. 1. Financing Hurdles

A primary reason why small businesses fail is a lack of funding or working capital. In most instances a business owner is intimately aware of how much money is needed to keep operations running on a day-to-day basis, including funding payroll; paying fixed and varied overhead expenses, such as rent and utilities; and ensuring that outside vendors are paid on time. However, owners of failing companies are less in tune with how much revenue is generated by sales of products or services. This disconnect leads to funding shortfalls that can quickly put a small

6. Write short notes on the following:

a) All India Manufacturers’ Organisation

Ans. AIMO was founded by Bharat Ratna Sir. M. Visvesvaraya over 75 years ago. The Organisation has established itself as a body committed to Industrial progress with the motto “Prosperity through Industry”. It has been recognized by Government as an apex Organisation of industry and given representation on most of the policy making bodies of the Central and State Governments. The Tamil Nadu State

                                               Assignment- Ist

1(a). What is money measurement concept?

Ans. Each transaction and event must be expressible in monetary terms. The advantages of monetary expression are that

(a) it provides a simple measuring device to represent many facts in a common denominator and

(b) it is amenable to summarization. If an event cannot be expressed in monetary terms, it cannot be considered for Its Half solved only

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2. Show the accounting equation based on the following transactions for Kumar, who is dealing in Furniture.

(i) Started business with cash Rs. 1,70,000

(ii) Goods bought on credit from Ram Rs. 10,000

(iii) Purchased Bike for cash Rs. 60000

(iv) Paid creditors by cash Rs. 8,000

(v) Purchased goods for cash Rs. 20,000

Ans

2(b). List the users of accounting information.

Ans. Various users of Accounting Information

Different categories of users need different kinds of information for making decisions. These users can be divided into:

1. Internal Users

2. External Users.

1. Internal Users:

These are the persons who manage the business, i.e. management at the top, middle, and lower levels.

3(a). What is cash discount? How does it differ from the trade discount?

Ans. A cash discount is a reduction in the amount of an invoice that the seller allows the buyer. This discount is given in exchange for the buyer paying the invoice earlier than its normal payment date.

Understanding the Cash Discount:-

There are two reasons

b. Record the following transactions in three column cash books of ABC Ltd.:

2017 Jan Rs.

1 Cash in hand 50,000

1 Cash at bank 90,000

2 Goods sold on credit to Rohini 15,000

5 Cheque received from Rohini in full settlement and deposited into bank 14,500

6 Cash deposited into bank through cash deposit machine 18,000

7 Goods sold to Sridhar for Rs. 12,000. He made the payment of Rs.11,800 by debit card in full settlement by availing a cash discount of Rs. 200

10 Money withdrawn from bank for office use 2,000

12 Purchased goods from Raja for Rs. 10,000 and paid through credit card in full settlement by availing a cash discount of Rs. 200 for Rs. 9,800.

14 Nathiya who owed money made the payment through NEFT 18,000

27 Cheque of Rohini dishonoured.

Answer:

Assignment- IInd

4(a) From the following information, calculate the amount of depreciation and rate of depreciation under straight line method. Purchase price of machine Rs. 1,80,000; Expenses to be capitalized Rs. 20,000; Estimated residual value Rs. 35,000; Expected useful life 8 years.

Answer:

ANS:- 

Calculation of depreciation of amount  = (original cost-residual value / expected  years of life)

Original cast =

b) List the subsidiary books maintained by the organisations.

Ans. Different Types of Subsidiary Books

We can divide the subsidiary books into the following types:

1. Cash book
2. Purchases book

c) What is Bad Debt?

Ans. Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible and is thus recorded as a charge off. Bad debt is a

5. The following trial balance has been extracted from the books of Rajesh on 31st December, 2016.

The following adjustments are to be made:

(a) Stock on 31st December, 2016 was Rs. 28,000

(b) Unexpired insurance was Rs. 15,000

(c) Provision for doubtful debts is to be maintained at 5% on sundry debtors.

(d) Depreciate plant and machinery at 20%.

You are required to prepare trading and profit and loss account for the year ended 31st December, 2016 and a balance sheet as on that date.

Answer:

6(a) Differentiate between income & expenditure account and profit & loss account.

Ans.

 (b) Explain the preparation of a ‘Cash Flow Statement’ as per AS-3.

Ans. AS – 3 Cash flow statements:-

Cash flow statement is additional information to user of financial statement. This statement exhibits the flow of incoming and outgoing cash. This statement assesses the ability of the enterprise to

• sh flow statement, as per AS-3

Economic Theory

JUL/AUG 2021

Assignment- Ist

1. Discuss the law of equi marginal utility with suitable examples.

Ans. Law of Equi-Marginal Utility explains the relation between the consumption of two or more products and what combination of consumption these products will give optimum satisfaction. Marginal Utility is the additional satisfaction gained by consuming one more unit of a commodity.

Law of Equi-Marginal Utility

This law is based on the principle of Its Half solved only

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2. Enumerate total cost, average cost and marginal cost and the relationship that exists amongst them.

Ans. Basically, we are focusing on two relationships:1. Relation between Average Cost and Marginal Cost, and 2. Relation between Total Cost and Marginal Cost.

Details are as under:

1. Relation between Average Cost and Marginal Cost:

Relation between average cost and marginal cost is explained through Table 8 and Fig. 9.

3. What is meant by equilibrium of the industry? Also discuss price determination under monopolistic competition.

Ans. Equilibrium of the Industry: Short-Run and Long-Run Equilibrium:-

Since the price of a product under perfect competition is determined by the intersection of the demand and supply curves of the product of an industry, we need to know the nature and shape of the supply curve of a product under perfect competition. We shall now explain how the supply curve of a product under condition of perfect competi­tion is derived and the shape it takes both in the short run

                                               Assignment- IInd

4. Elucidate the importance of subsistence theory of wage determination along with the criticism of the theory.

Ans. The following points highlight the top six theories of wages. The theories are: 

1. The Subsistence Theory of Wages 

2. Standard of Living Theory.

Theory 1. The Subsistence Theory of Wages:

The theory was formulated by physiocrats. According to them wages would be equal to the amount

5. What is meant by national aggregates? Differentiate personal income and disposable income as components of national aggregates.

Ans. Gross National Product at Market Price: Referred to as the market value of all the final goods and services produced by normal residents (in the domestic territory and abroad) of a country during an accounting year.

National income is referred to as the net money value of all the final goods and services that are produced by the residents living within the boundary of the country within an accounting year.

The following

6. “The interaction of aggregate demand and aggregate supply functions determines the equilibrium level of output and employment.” Discuss.

Ans. Aggregate Supply and Aggregate Demand

Aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing to sell at a specific price level in an economy..

Aggregate demand is the total demand for final goods and services in an economy at a given time and price leve

Set- 1^st

Internal Assignment

General English

1. Describe the history and development of English language.

Ans. History: In the fifth and sixth centuries AD the Angles, Saxons, and Jutes invaded the British Isle, each speaking languages that could be mutually understood amongst themselves. This language is known today as Old English (500- 1100), which contained four dialects: west Saxon, Mercian, north Umbrian, and Kentish. Approximately half of all Modern English words are derived from Old English roots. Unlike Middle English, which can be deciphered by speakers of Modern English, Old English can no longer be understood without being extensively studied as a “foreign” language. Its Half solved only

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2. Write all parts of a sentence. Discuss all types of sentences with one example each.

Ans The eight parts of speech — nouns, verbs, adjectives, prepositions, pronouns, adverbs, conjunctions, and interjections — form different parts of a sentence. However, to be a complete thought, a sentence only needs a subject (a noun or pronoun) and a predicate (a verb). If you only include one of these two parts, you will have only a sentence fragment, which is grammatically incorrect.

All types of sentences

3. Elaborate upon the significance and purpose of reading.

Ans. Reading can make you a better writer and speaker. Reading skills can take you a step ahead and help you achieve your objectives by customizing the way you read. If you choose the appropriate reading skill, it will enhance the reading process and help you achieve your goal.

If you wish to read for pleasure, you can use the extensive reading skill. There is no expectation from the reader here and you can understand the meaning of words through context. For example, after reading

                                                                 Set- II

4. What do you mean by a paragraph? Write a paragraph on “Time and Tide Wait for None”.

Ans. A paragraph is a component of fictional prose and non-fiction writings.

When writing essays, research papers, books, etc., new paragraphs are indented to show their beginnings. Each new paragraph begins with a new indentation.

The purpose of a paragraph is to

5. Define Tense. Write all types of tenses with two examples each.

Ans. Tenses play a crucial role in the English language. It denotes the time an action takes place, whether sometime in the past, in the present or will take some time in

6. Write all the vowels and consonants with two examples each.

Ans.  A vowel is a speech sound made with your mouth fairly open, the nucleus of a spoken syllable.

A consonant is a sound made with your mouth fairly closed.

When we talk, consonants break up the stream of vowels (functioning as syllable onsets and codas), so that we don’t sound like we’ve just been to the dentist for four fillings and the anaesthetic hasn’t worn off yet.

Consonants require more precise