B.Com 1st SEM Feb 2024 Solved Assignment MUJ

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SESSION FEB 2024
PROGRAM B.Com
SEMESTER I
course CODE & NAME DCM1101 – General ENglish
CREDITS 4

Set – 1

Questions

 

  1. Illustrate Homonyms and Idioms. Give five examples each of both. Use pictures.

Ans: Homonyms

Homonyms are words that are spelled and pronounced the same but have different meanings. Here are five examples:

 

Bat

 

Flying Mammal: “Bats are nocturnal creatures.”

Sports Equipment: “He hit the ball with a baseball bat.”

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

Ans: Creating a flash card is an excellent way to enhance vocabulary learning. Here, I’ll illustrate the steps of making a flash card using the word “benevolent” as an example. The process will include diagrams for clarity.

 

Step-by-Step Guide to Making a Flash Card

 

  1. Gather Materials

 

  1. Write a note on:-
  2. Prewriting phase
  3. Reviewing phase in detail.

Ans: A. Prewriting Phase

The prewriting phase is the initial stage of the writing process, where the writer prepares and plans before actually starting to write. This phase is crucial as it helps organize thoughts, develop ideas, and create a roadmap for the writing task.

Here are the key components of the prewriting phase:

  1. Understanding the Purpose and Audience

Purpose: Determine the purpose of the writing. Is it to inform, persuade, entertain, or explai

 

Set – 2

Questions

 

  1. What are the different types of questions you will find in a reading comprehension? Elaborate using examples.

Ans: In reading comprehension exercises, various types of questions are used to test different skills and aspects of understanding.

Here are the primary types of questions you may encounter, along with examples for each:

 

  1. Literal Questions

These questions ask for information that is directly stated in the text. The answers can be found explicitly in the passage.

 

Example:

 

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

Ans: Here are the definitions and examples for each term:

 

  1. a) Noun

Definition:

A noun is a part of speech that names a person, place, thing, or idea.

 

Examples:

 

Person: “doctor” (The doctor performed the surgery successfully.)

Place: “library” (The library is open until 9 PM.)

Thing: “book” (She borrowed a book from the library.)

Idea: ”

 

  1. Write a note on the four dialects of English by explaining the history and invasion of the British Empire.

Ans:

The English language has evolved significantly over centuries, influenced by invasions, colonization, and the expansion of the British Empire. This evolution has led to the development of several dialects of English. Here, we discuss four prominent dialects: British English, American English, Australian English, and Indian English, providing historical context for

SESSION FEBRUARY 2024
PROGRAM BACHELOR of commerce (B.com.)
SEMESTER I
course CODE & NAME DCM 1102– Economic theory
CREDITS 4

 

 

Assignment Set – 1st

Questions

 

  1. What is demand? Discuss in detail elasticity of demand.

Ans: What is Demand?

 

Demand refers to the quantity of a good or service that consumers are willing and able to purchase at various prices over a given period. It is a fundamental concept in economics that illustrates the relationship between the price of a good and the quantity demanded by consumers.

 

Key aspects of demand include:

– Law of Demand: This principle states that, all else being equal, as the price of good decreases, the quantity demanded increases, Its Half solved only

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

Ans: Factors Affecting Supply

Supply refers to the quantity of a good or service that producers are willing and able to sell at various prices over a given period. Several factors influence supply, which can cause the supply curve to shift either to the right (an increase in supply) or to the left (a decrease in supply). Understanding these factors is crucial for businesses, policymakers, and economists.

Here are the primary

 

  1. Elucidate the concept of indifference curve. Also discuss its characteristics.

Ans: The concept of the indifference curve was first introduced by British economist Francis Ysidro Edge worth and thereafter in the 20th century, it was used by Italian economist Wilfred Pareto. Economists like Hicks, Allen, Samuelsson, Edge worth and many others played an important role in popularizing the concept of indifference curves.

Characteristics of Indifference

 

Assignment Set – 2nd

Questions

 

  1. Elucidate perfect competition. Explain the price determination under it.

Ans: A perfect competition market is a market system that is characterised by several buyers and sellers. In this form of perfect competition, there are a large number of buyers and sellers. Since there are so many people and players in the market, no one of them can bring any change to the prevailing price in the market. There are many alternatives and choices available in the market to pursue if anyone tries to bring any changes.

The important characteristics of a perfect competition market are:

  • A large number of buyers and

 

  1. Examine the concept of ‘Paradox of thrift’

Ans: 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

 

 

  1. Analyze the Marginal productivity Theory of Wage Determination.

Ans:

This theory was propounded by Phillips Henry Wick-steed (England) and John Bates Clark in 1890. As per this theory, wages are computed based on the demand of labour that determines its price. Hence according to the marginal productivity theory of wage, under perfect competition, a worker’s wage is equal to the marginal as well as the average revenue productivity. This

 

SESSION FEB-2024
PROGRAM BACHELOR of Commerce (BCom)
SEMESTER I
course CODE & NAME DCM1103 – Fundamentals of Accounting I
CREDITS   4

Assignment Set – 1

Questions

 

  1. a. Describe the types of subsidiary books.

Ans:

Subsidiary books, also known as subsidiary ledgers, are a group of accounting books that record detailed information about specific types of transactions.

The types of subsidiary books include: 

Sales Day Book: A book that records all credit sales transactions.  Purchases Day Book: A book that records all credit

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  1. a. Explain the Golden Rules of Accounting of Debit and Credit.

Ans: The accounting process involves a series of systematic steps that ensure financial transactions are accurately recorded, classified, summarized, and reported.

 

Here are the key steps in the accounting process:

 

  1. Identifying Transactions:

   – Recognize and identify all

  1. Mention which side (debit or credit) and column (Cash/Bank/Discount) will be affected in a three-column cash book for the following transactions-
  2. Received Cash
  3. Cash paid
  4. Discount allowed
  5. Discount received
  6. Cash deposited in the bank
  7. Cash withdrawn for office use
  8. Cheque received and deposited into bank
  9. Cheque issued
  10. Wages paid
  11. Interest received from bank.

In a three-column cash book, the following sides and columns are affected for the given transactions: 

Received Cash

Debit Side: Cash Column 

Cash paid

Credit

 

 

 

Assignment Set – 2

Questions

  1. Rishabh & Co. purchased a fixed asset (Machinery) on 1.10 2020 for Rs.1,40,000 and spent Rs 10,000 on its installation. Depreciation is to be provided @10% annually according to the Straight-line method. The books are closed on 31st March every year. Pass the necessary journal entries, prepare Fixed asset Account and Depreciation Account for three years till 31st March 2023.

Ans: To account for the purchase of machinery, the installation cost, and the annual depreciation, we’ll need to make several journal entries and prepare the relevant accounts for three years (from 1st October 2020 to 31st March 2023).

Let’s walk through the process step by step.

 

Journal Entries

 

  1. **Purchase of Machinery: **

   “`

Date          Account                          Debit      Credit

01.10.2020    Machinery Account                Rs.1,40,000

Cash/Bank

 

  1. a. Explain the different types of Errors in accounting.

Ans: Errors in accounting can be classified into two types: 

Errors of Omission: These errors occur when a transaction is completely omitted from the accounting records.

For example, if a sale transaction is not recorded in the sales journal, it will be considered an error of omission. 

Errors of

 

  1. From the given information, prepare the final accounts of ST Ltd.
Debit Rs. Credit Rs.
Drawings 6,300 Capital 1,50,000
Cash at bank 13,870 Discount received 2,980
Bills receivable 1,860 Loans 15,000
Loan and Building 42,580 Purchases return 1,450
Furniture 5,130 Sales 2,81,500
Discount allowed 3,960 Reserve for bad debts 4,650
Bank charges 100 Creditors 18,670
Salaries 6,420
Purchases 1,99,080
Stock (opening) 60,220
Sales return 1,870
Carriage 5,170
Rent and Taxes 7,680
General expenses 3,630
Plant and Machinery 31,640
Book debts 82,740
Bad debts 1,250
Insurance 750
4,74,250 4,74,250

 

Adjustments:

  1. Closing stock Rs. 70,000
  2. Create a reserve for bad and doubtful debts @ 10% on book debts
  3. Insurance prepaid Rs. 50
  4. Rent outstanding Rs. 150
  5. Interest on loan is due @ 6% p.a.

Ans:

SESSION  FEB 2024
PROGRAM BACHELOR OF COMMERCE(B.COM)
SEMESTER I
COURSE CODE & NAME DCM1104 –BUSINESS ORGANISATION
CREDITS 4

 

 

Assignment Set – 1

Questions

 

 

  1. “The business environment influences the strategic decisions and operations of businesses.” Discuss the business and environment interface in the context of the assertion.

Ans: The relationship between the business environment and the strategic decisions and operations of businesses is profound and multifaceted. The business environment encompasses all external factors that affect a company’s ability to achieve its objectives. These factors can be broadly categorized into political, economic, social, technological, environmental, and legal (

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  1. Discuss the key features of a company form of business organisation.

Ans:

A company form of business organization, often referred to as a corporation, is a legal entity that is separate and distinct from its owners. This separation provides several advantages and characteristics that define the corporate structur

 

  1. Explain the Entrepreneurship decision process.

Ans: An entrepreneur is one who is operating the business owned by him/her. So in the routine business operations he/she has to take a number of decisions for running the business.

The essential steps involved in the process are as follows:

 

  1. Identification of business opportunity:

 

Assignment Set – 2

Questions

 

  1. Elaborate the significance of the Memorandum of Association of a company stating its purpose and content.

Ans: The Memorandum of Association (MoA) is a fundamental document required for the incorporation of a company. It serves as the company’s charter, outlining its scope of operations and its relationship with the external world. The MoA is crucial for both legal and operational purposes. Here is a detailed explanation of its significance, purpose, and content:

Significance of the

 

 

  1. Appraise the objectives of marketing management in business.

Ans: Marketing management in business encompasses a wide range of objectives aimed at ensuring the successful promotion and sale of products or services.

 

The primary objectives of marketing management can be categorized as follows: 

 

  1. Customer Satisfaction Objective: To identify and meet the needs and wants of customers more effectively than competitors.

 

  1. Write short notes on the following:
  2. Competition Act, 2002

Ans: The Competition Act, 2002 extends to the whole of India except the state of Jammu and Kashmir. It shall come into force on such date as the Central Government may, by notification in the official gazette, appoint. It received the assent of the President of India on 13 January, 2003. The Preamble to the Act reads that it is an Act to provide, keeping in view of the economic development of the country,

  • For the establishment

 

SESSION FEB 2024
PROGRAM BACHELOR OF COMMERCE (BCOM)
SEMESTER I
COURSE CODE & NAME DCM1105 – PRINCIPLES OF BUSINESS

MANAGEMENT
CREDITS 4

 

 

Assignment Set – 1

Questions

 

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

Ans:

According to Mc Farland, “Management is defined for conceptual, theoretical and analytical purposes as that process by which managers create, direct, maintain and operate purposive organisation through systematic, co-ordinated co-operative human effort.”

Management involves mainly managing resources and people in the most effective manner to achieve pre-determined aims.

The main characteristics of management:-

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  1. Describe the steps in strategic planning.

Ans: Strategic Planning Process:-

 

Let us discuss these steps.

 

  1. Initiate the planning: In the first step, an organisation must address certain issues to find out if it is ready to begin the strategy planning.

For this, an organisation need to:

  1. i) define the issues or choices to be addressed in the planning;
  1. ii) Define the roles;

 

  1. Differentiate between Open System and Closed System.

Ans:

The concepts of open and closed systems are fundamental in various fields, including organizational theory, management, systems theory, and even thermodynamics.

 

Here’s a detailed differentiation between open systems and closed systems:

 

Open System

 

 

Assignment Set – 2

Questions

 

  1. Differentiate between formal and informal organisations.

Ans:

Differences between Formal and Informal Organisations:-

Formal Organisations Informal Organisations
They are developed by top management They are developed due to the desire of people of belongingness. Top management has no role in their formation.

 

  1. “To be a great leader one must possess various qualities to lead the followers successfully and earn their trust, respect, and loyalty.” Comment.

Ans:

The assertion that a great leader must possess various qualities to lead followers successfully and earn their trust, respect, and loyalty is widely recognized and supported in leadership theories and practices. Effective leadership is not merely about holding a position of power but involves a complex interplay of personal attributes, skills, and behaviors that inspire and motivate

 

 

  1. Discuss the principles of good coordination in an organisation.

Ans:

PRINCIPLES OF COORDINATION

  • Direct person-to-person contact: Direct contact amongst the responsible persons in an organisation promotes coordination through inter-personal connections, the exchange of ideas, and replies, as well as communication. Personal relationships result in agreement on techniques and actions, as well as the speedy and effective achievement of corporate goals. Direct connections facilitate the removal of misunderstandings, the resolution of conflicts between the