Bcom 1st Sem Sep 2023 Solved Assignments

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SESSION AUG/SEP 2023
PROGRAM B.Com
SEMESTER I
course CODE & NAME DCM1101 – General ENglish
CREDITS 4

Set – 1

Assignment- 1st

  1. Illustrate all the different types of Tenses. Give examples.

Ans: INDEFINITEVerb + s/ es

  • He goes to school.
  • They go to school.
  • He does his work well.
  • They do their work well

Verb + ed or an irregular form

  • He

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  1. Definethe following and also give examples for each:
  2. Noun
  3. Pronoun
  4. Conjunction
  5. Preposition
  6. Interjection

Ans:

  1. a) Noun:

Definition: A noun is a word that represents a person, place, thing, or idea.

Example: “dog,” “city,” “happiness,” “book.”

  1. b) Pronoun:

 

  1. Explain the meaning of the following using examples:
  2. Jargons
  3. Metaphors
  4. Slangs
  5. Clichés
  6. Prewriting phase

Ans: a) Jargons: 

Meaning: Jargon refers to specialized language or terminology used by a particular group or profession. It consists of words or expressions that are not easily understood by those outside of the specific group.

Example: In the field

Set – 1

Assignment- 2nd

  1. Convert the below given sentences from Active Voice to Passive Voice:
  2. Have you finished the report?
  3. She has written a novel.
  • The police have caught the thief.
  1. The tiger was chasing the deer.
  2. She has learned her lessons.

 

Ans:

  1. Has the report been finished by you?
  1. A

 

  1. Illustrate the steps of making a flash card choosing any word of your choice. You may use diagrams.

Ans: Flash Cards: Flash cards are an excellent method of reviewing both old and new vocabulary words. Not only are they the best way to learn vocabulary, you may also use them in other ways. For example, key ideas may be written out and reviewed. In addition, declensions such as the article can be put on a card for easy reviewing. These types of cards will

  1. Explain the following (You may use examples and diagrams wherever applicable):
  2. Homonyms
  3. Idioms
  4. Dictionary
  5. Thesaurus
  6. Rote Learning

Ans: a) Homonyms: 

Meaning: Homonyms are words that have the same spelling or pronunciation but different meanings.

They can be classified into two types:

Homophones (same sound) and homographs (same spelling).

Example:

SESSION SEPTEMBER 2023
PROGRAM BACHELOR of commerce (B.com.)
SEMESTER I
course CODE & NAME DCM 1102– Economic theory
CREDITS 4

Assignment Set – 1st

Questions

 

  1. What is utility? Examine the importance of law of diminishing marginal utility in demand analysis.

Ans: The start of utility analysis is with the initial utility that is derived from the number of units of utility gained by a consumer by consuming certain good or service during a particular period. The higher the total utility of the consumer, the greater would be the satisfaction level of the consumer. Total utility measures the total satisfaction of wants and needs which are generated from consumption or usage of a good or service.

Utility, in economics, refers to the satisfaction or

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  1. Write a note on factors affecting supply along with suitable examples.

Ans:FACTORS AFFECTING SUPPLY 

Many important factors are involved in establishing the supply of a product or service. Any  kind of change in any of these factors will have an impact on the supply of the product and  can result in a change in the supply of the product also increases. Apart from this, the prices of other goods, that is, the substitute and complementary goods also have an

 

  1. Elucidate the concept of isoquants. Also discuss their types.

Ans:An isoquant is a locus of points that represent the different technically efficient ways of combining the factors of production for producing a fixed level of output. Isoquant term is taken from a Greek word ‘iso’ which implies ‘equal’ and ‘quantus’ that means ‘quantity’. The  isoquant curve is known as the ‘equal product curve’ or production indifference curve. An isoquant curve presents the locus of points which indicates various combinations of two inputs – capital and labour, producing a specific quantity of output

Assignment Set – 2nd

Questions

 

  1. Define monopolistic competition and explain the price determination under it.

Ans:MONOPOLISTIC COMPETITION

A monopolistic competition market is a kind of market system that has the combination of a monopoly and perfect competition markets. In the monopolistic competitive market system, many firms or sellers offer the same products, but they are not the perfect substitutes. There are several competitors in the market, but the main point is that each competitor is differentiated from each other in

 

  1. Critically analyze the subsistence theory of wage determination.

Ans:The subsistence theory of wage determination is an economic theory that suggests that wages tend to gravitate towards the minimum level required to sustain the life and reproduction of the labor force.

This theory has historical roots and has been criticized

 

  1. Examine the concept of ‘Paradox of thrift’.

Ans:PARADOX OF THRIFT

The paradox of thrift was a concept put forward by economist John Maynard Keynes and he believed that people normally try to save more during the period of economic recession. This results in the fall of aggregate demand and eventually leads to a decrease in the economic growth of the country.

These situations

 

SESSION Aug – 2023
PROGRAM BACHELOR of Commerce (BCom)
SEMESTER I
course CODE & NAME DCM1103 – Fundamentals of Accounting I
CREDITS 4

Assignment Set – 1

Questions

 

  1. Ananth is a trader dealing in textiles. For the following transactions, pass journal entries for the month of January, 2018.

Jan. 

  1. Commenced business with cash ₹. 70,000
  2. Purchased goods from X and Co. on credit ₹. 30,000
  3. Cash deposited into bank ₹. 40,000.
  4. Bought a building from L and Co. on credit ₹.95, 000
  5. Cash withdrawn from bank for office use ₹.5, 000

Solution: To record the transactions in the journal, we’ll use the double-entry accounting system.

Each transaction involves at least two accounts, with debits and credits being equal.

Here are the journal entries for the given transactions:-

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  1. A. Explain the different types of cash book.

Ans: A cash book is a financial journal that records all cash transactions of a business, including both cash receipts and cash payments. It is a subsidiary ledger to the general ledger and serves as a primary accounting record for cash management. There are several types of cash books, each designed to meet specific accounting and business needs.

The main

 

  1. Explain the accounting concepts and conventions.

Answer:

Accounting concepts and conventions are fundamental guidelines that underpin the practice of financial accounting. These principles ensure consistency, reliability, and comparability of financial statements. Here’s an overview of some key accounting concepts and conventions:

  1. Accrual Concept: This concept is about recording financial transactions when they actually occur, not necessarily when cash changes hands. For example, if you perform a service in December but don’t get paid until January, you still record the income in December. This helps in understanding the actual performance of a business during a specific period.

Going Concern Concept: This assumes that a business will continue its operations into the foreseeable future

 

Assignment Set – 2

Questions

  1. XYZ Ltd. maintains a current account with the Syndicate Bank of India. As on 31st March 2006, the bank column of its cashbook showed a debit balance of Rs.20,000. However, the bank statement showed a different balance on that date. The following are the reasons for such a difference:
  2. Cheque deposited but not yet credited by the bank 3,000
  3. Cheque issued but not yet presented 2,000
  4. Bank charges 3,000
  5. Cheques received by the bank directly 7,000
  6. Insurance premium paid by the bank as per standing instructions not yet intimated 2,000

 

Prepare bank reconciliation statement and find out the balance as per the bank statement.

Solution: – To reconcile the difference between the bank column of the cashbook and the bank statement, we need to prepare a Bank Reconciliation Statement.

Here are the steps: 

XYZ Ltd.

Bank

  1. Define Depreciation.

State the Causes of depreciation

Justify why to record the depreciation.

Ans: “Depreciation”. Depreciation means a fall in the quality, quantity or value of an asset. Depreciation is considered as an expense and is shown in the Profit and Loss account or Income and Expenditure statement under expenses. It is the allocation of the cost of the fixed asset (capital expenditure) to the period of its use.

Causes for Depreciation

The factors that cause depreciation are

 

 

  1. Given below are the balances extracted from the books of Nagarajan as on 31st March, 2016.
Particulars Rs. Particulars Rs.
Purchases 10,000 Sales 15,100
Wages 600 Commission received 1,900
Freight inwards 750 Rent received 600
Advertisement 500 Creditors 2,400
Carriage outwards 400 Capital 5,000
Cash 1,200
Machinery 8,000
Debtors 2,250
Bills receivable 300
Stock on 1st January, 2016 1,000
25,000 25,000

 

Prepare the trading and profit and loss account for the year ended 31st March, 2016 and the balance sheet as on that date after adjusting the following:

(a) Commission received in advance Rs. 400

(b) Advertisement paid in advance Rs. 150

(c) Wages outstanding Rs. 200

(d) Closing stock on 31st March 2016, Rs. 2,100

Solution: Let’s prepare the trading and profit and loss account and the balance sheet for Nagarajan

SESSION AUG 2023
PROGRAM BACHELOR OF COMMERCE(B.COM)
SEMESTER I
COURSE CODE & NAME DCM1104 –BUSINESS ORGANISATION
CREDITS 4
NUMBER OF ASSIGNMENTS &

MARKS

 02

30 Marks each

Assignment Set – 1st

Questions

  1. “Business is a system of its environment”. Discuss the statement and discuss the working of the business system.

Ans:The statement “Business is a system of its environment” emphasizes the interconnectedness and interdependence between a business and its external environment. The environment in which a business operates plays a crucial role in shaping its activities, strategies, and overall functioning.

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  1. Examine the elements that should be considered while assessing the suitability of a business location.

Ans:

Selecting a suitable business location is a critical decision that can significantly impact a company’s success. Several elements should be carefully assessed to determine the appropriateness of a business location.

 

Here are key factors to consider: 

 

Demographics: 

 

Population Density:

 

 

  1. Define “Entrepreneurship”. Explain the main characteristics of an entrepreneur in detail.

Ans: The word ‘entrepreneur’ immediately brings to mind the images of business tycoons like L.N. Mittal or Bill Gates. While these rich, famous and successful individuals can be inspirational for some, most of us would find it difficult to associate our own lives, personalities or abilities with them. But the fact is that virtually everybody is entrepreneurial in some part of his or

Assignment Set – 2nd

Questions

  1. Elaborate the various causes behind the formation of business combinations.

Ans: Business combinations, also known as mergers and acquisitions (M&A), occur when two or more businesses join forces to create a single entity or when one business acquires another. Several factors and motivations drive the formation of business combinations.

 

Here are various causes behind the formation of business combinations:

 

Economies of Scale: Combining resources and operations often leads to economies of scale, resulting in cost

  1. Explain the procedure for formation of a company.

 

Ans: The whole process of formation of a company may be roughly divided, for convenience, into three parts.

 

These are:

(i) Promotion;

(ii) Registration and

(iii) Floatation.

 

Promotion is a term of expressing the preliminary steps taken for the purpose of registration and floatation of the company. The persons who assume the task of promotion are called promoters. The promoter may be an individual, a firm, an association of persons, partnership or company

 

  1. Write short notes on the following:

 

  1. a) Consumer Protection Act, 2019

 

Ans:As of my last knowledge update in January 2022, the Consumer Protection Act, 2019, is a comprehensive legislation enacted in India to strengthen consumer protection mechanisms and address emerging challenges in the market. The Act was signed into law on August 9, 2019, and it came into effect from July 20, 2020.

An individual consumer

 

SESSION AUGUST 2023
PROGRAM BACHELOR OF COMMERCE (BCOM)
SEMESTER I
COURSE CODE & NAME DCM1105 – PRINCIPLES OF BUSINESS

MANAGEMENT
CREDITS 4
NUMBER OF ASSIGNMENTS &

MARKS

 02

30 Marks each

 

 

Assignment Set – 1

 

  1. Define manager. Describe the characteristics of the manager. 10

Ans 1.

Manager

A manager is an individual within an organization who is responsible for planning, organizing, coordinating, and overseeing various activities and resources to achieve specific goals and objectives. Managers play a pivotal role in the success of an organization by making critical decisions, setting direction, and ensuring that the organization’s resources are used efficiently and effectively.

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  1. Discuss the characteristics of Planning in an organization. 10

Ans 2.

Characteristics of Planning in an Organization

Planning is a fundamental management function that involves setting objectives, determining the courses of action required to achieve those objectives, and making decisions to allocate resources effectively. Effective planning is critical for an organization’s success, and it exhibits several key characteristics:

Goal-Oriented: Planning always starts with the establishment of clear and specific goals. These goals provide direction and purpose for the organization and serve as the foundation for all planning activities.

Future-Focused:

  1. Differentiate between Formal and Informal organization. 10

Ans 3.

Formal Organization vs. Informal Organization

Formal and informal organizations are two distinct aspects of how people interact within an organization. They differ in terms of structure, purpose, communication, and hierarchy. Let’s explore the key differences between formal and informal organizations:

Formal

 

 

 

Assignment Set – 2

  1. Explain the characteristics of MBO (Management by Objectives). 10

Ans 4.

Management by Objectives (MBO) is a management approach that emphasizes setting clear, specific, and measurable objectives and then using these objectives to guide and evaluate the performance of individuals and teams within an organization. Developed by management theorist Peter Drucker in the mid-20th century, MBO has several key characteristics that make it an effective management tool:

Goal Setting: The

  1. Discuss the steps in staffing process in an organization. 10

Ans 5.

The staffing process in an organization involves identifying, attracting, selecting, and retaining qualified individuals to fill various positions within the organization. It is a crucial component of human resource management that ensures the right people are in the right roles. Here are the typical steps in the staffing process:

Human

 

  1. Explain the characteristics and qualities of Leadership. 10

Ans 6.

Characteristics and Qualities of Leadership

Leadership is a complex and multifaceted concept that involves guiding and inspiring individuals or groups toward the achievement of common goals. Effective leadership requires a combination of characteristics and qualities that enable individuals to influence and motivate others. Here are some key characteristics and qualities of leadership:

Vision: Leaders