SESSION SPRING 2024
PROGRAM BACHELOR OF COMMERCE
SEMESTER I
COURSE CODE & NAME BCOM105 COMMUNICATIVE ENGLISH
CREDITS 4
Assignment Set – 1st
Questions
- Describe the characteristics of non-verbal communication.
Ans: Non-verbal communication refers to the transmission of messages or information without the use of words or spoken language. It encompasses a wide range of cues, signals, and expressions, including body language, facial expressions, gestures, posture, tone of voice, eye contact, and non-verbal cues such as clothing and proxemics (use of space).
Here are the characteristics of non-verbal communication:
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- Explain the 4 C’s of effective writing.
Ans: The 4 C’s of effective writing are a set of principles that guide writers in creating clear, concise, coherent, and compelling content. These principles help writers communicate their ideas effectively, engage readers, and achieve their communication goals.
Here’s an explanation of each of the 4 C’s:
Clarity: Clarity refers to the quality of writing that is easy to understand and free from ambiguity or confusion. Clear writing conveys the intended message in a straightforward and understandable manner,
- How many types of business letters are there? Write brief notes on any two.
Ans: There are several types of business letters, each serving a specific purpose and addressing different communication needs in the business context.
Here are brief notes on two common types of business letters:
- Formal Letters: Purpose: Formal letters are used for official or professional correspondence between
Assignment Set – 2nd
Questions
- How many types of listening are there? Explain each of them with proper examples.
Ans: Listening can be classified into various types, each representing a distinct mode or approach to the act of listening.
Here are five common types of listening along with explanations and examples:
- Active Listening:
Explanation: Active listening involves fully concentrating on what is being said, understanding the
- Explain Horizontal and Diagonal communication with their advantages and disadvantages.
Ans: Horizontal and diagonal communication are two forms of organizational communication that occur between individuals or departments at the same hierarchical level or across different hierarchical levels within an organization.
Here’s an explanation of each, along with their advantages and disadvantages:
Horizontal Communication:
Explanation: Horizontal communication refers to the exchange of information, ideas, and messages among
- Write on the general guidelines of the technical writing.
Ans: Technical writing refers to the process of conveying complex information, instructions, or concepts in a clear, concise, and organized manner to a specific audience. Whether writing technical manuals, user guides, reports, or documentation for software and products, adhering to certain guidelines can help ensure the effectiveness and readability of the content.
Here are general guidelines for
SESSION SPRING 2024
PROGRAM BACHELOR OF COMMERCE (BCOM)
SEMESTER I
COURSE CODE & NAME BCOM104 – DIGITAL FLUENCY
CREDITS 4
Assignment Set – 1st
Questions
- A). What are computers, and how have they become such integral components of our daily lives?
Ans:
Computers are electronic devices capable of processing, storing, and retrieving data through various operations and algorithms. They consist of hardware components such as processors, memory, storage devices, input/output devices, and software components such as operating systems, applications, and programs. Computers come in various forms, including desktops, laptops, tablets, smartphones, and embedded systems.
Integration into Daily Lives:
Communication: Computers enable instantaneous communication through email, messaging apps, social media
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- A). What distinguishes word processors from other software tools, and how does Microsoft Word embody the essence of this category?
Ans: Word processors are specialized software tools designed primarily for creating, editing, formatting, and printing documents. What distinguishes word processors from other software tools is their focus on text-based document creation and manipulation, as well as their rich set of features tailored specifically for document processing tasks. Microsoft Word, developed by Microsoft Corporation, embodies the essence of this category through its comprehensive set of features and functionalities,
- a). Elaborate on the significance of Microsoft Excel in modern business environments and how does Excel facilitate data management, analysis, and visualization.
Ans: Microsoft Excel is a powerful spread sheet software program widely used in modern business environments for data management, analysis, and visualization. Its significance stems from its versatility, ease of use, and robust features, making it an indispensable tool for businesses of all sizes across
- b) What are some key features that make it a versatile and indispensable tool for professionals across various
Assignment Set – 2nd
Questions
- A). Elucidate the significance of Microsoft PowerPoint in modern presentations and communication strategies?
Ans: Microsoft PowerPoint is widely used presentation software that plays a significant role in modern presentations and communication strategies. Its versatility, user-friendly interface, and powerful features make it an indispensable tool for professionals across various industries.
Here’s why PowerPoint is significant in modern presentations and communication strategies:
- A) How do cyber threats pose challenges to individuals, businesses, and governments alike?
Ans: Cyber threats pose significant challenges to individuals, businesses, and governments alike due to their potential to cause financial, reputational, and societal harm.
Here’s how cyber threats
- A). What is the Internet, and how has it become an indispensable part of modern society? List and explain the essential features of the Internet, and why they are vital for its operation and widespread adoption.
Ans: The Internet is a global network of interconnected computers and devices that communicate with each other using standardized protocols and technologies. It enables the exchange of data, information, and resources across vast geographical distances, facilitating communication, collaboration, commerce, entertainment, education, and more. The Internet has become an indispensable part of modern society due to its transformative impact on various aspects of human life
SESSION SPRING 2024
PROGRAM BACHELOR OF COMMERCE (B.COM)
SEMESTER I
COURSE CODE & NAME BCOM101 FINANCIAL ACCOUNTING I
CREDITS 4
Assignment Set – 1st
Questions
- A. Explain the process of Accounting.
Ans: Accounting is a systematic process of identifying, recording, classifying, summarizing, interpreting, and communicating financial information. It is essential for making informed business decisions and ensuring financial transparency.
Here’s an overview of the accounting process:
Identifying Transactions:
Step: Identify events and transactions that are financial in nature.
Description: Only transactions that can be measured in monetary terms and affect the financial position of the business are considered. Examples include sales, purchases, receipts, and payments.
Recordin
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- Describe any five Accounting concepts.
Ans: Accounting concepts are fundamental principles that underpin the practice of accounting, providing a framework for consistent and accurate financial reporting.
Here are five key accounting concepts:
- Accrual Concept Description:
Principle: Revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.
Example: If a company provides services in December but receives payment in January, the revenue is
- Classify and explain the Accounts under modern approach method.
Ans: The modern approach to accounting, often referred to as the classification of accounts under the “modern” or “expanded” accounting equation, classifies accounts into five main types:
Assets, Liabilities, Equity, Revenues, and Expenses.
Here’s an explanation of each type:
- Assets Definition: Assets are resources owned by a business that are expected to bring future economic benefits.
Types:
Current Assets: Short-term
Assignment Set – 2
Questions
- Prove that the accounting equation is satisfied in all the following transactions of Dream world co.
- Commenced business with cash ₹ 60,000.
- Paid rent in Advance ₹ 500.
III. Purchased goods for cash ₹ 30,000 and credit ₹ 20,000.
- Sold goods for cash ₹ 30,000 costing ₹ 20,000.
- Paid salary ₹ 500 and salary outstanding ₹ 100.
Ans: The accounting equation states that:
\[ \text{Assets} = \text{Liabilities} + \text{Equity} \]
We need to prove that this equation holds true after each transaction for Dream World Co.
Here’s how the transactions affect the accounting equation:
- Commenced business with cash ₹ 60,000
**Transaction**:
– Assets (
- Explain the different types of capital in detail.
Ans: Capital is a crucial component in business finance and economics, representing the resources and funds that businesses use to generate revenue and sustain operations. Different types of capital serve distinct purposes, and understanding these categories is essential for financial management and investment decisions.
Here’s a detailed explanation of the various types of capital:
- Working
- The following balances are extracted from the books of Hindustan Traders on 31st March 2008. You are required to prepare the Trading and Profit and Loss Account and a Balance sheet as on that date.
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| Opening stock
Commission received B/R Return outwards Purchases Trade expenses Wages Office furniture Bills payable Return inwards Creditors
|
5000
2000 22500 2500 195000 1000 14000 5000 15000 6500 98250 |
Insurance
Cash in hand Sundry debtors Cash at bank Carriage inwards Rent and taxes Commission paid Carriage outwards Interest on capital Sales Stationary Capital |
5500
2500 150000 23750 4000 5500 4000 7250 3500 250000 2250 89500 |
The closing stock was valued at Rs. 1, 25,000/-
Ans: To prepare the Trading and Profit and Loss Account and a Balance Sheet for Hindustan Traders as of 31st March 2008, we need to organize the given balances and include the closing stock in our calculations.
Let’s start with the Trading Account, followed by the Profit and Loss Account, and then the Balance Sheet.
Trading Account for the year ended 31st March
s equal total liabilities plus equity.
SESSION SPRING 2024
PROGRAM B.COM
SEMESTER I
COURSE CODE & NAME BCOM102 BUSINESS ORGANISATION AND MANAGEMENT
CREDITS 4
Assignment Set – 1
Questions
- What do you understand by Business Environment? Explain the different factors of a Business Environment.
Ans: The business environment refers to the combination of all external and internal factors that influence a company’s operating situation. This encompasses everything from the immediate context in which a business operates to the broader, more global forces that can impact its performance and strategy. Understanding the business environment is crucial for managers and decision-makers as it helps in identifying opportunities and threats, understanding market dynamicsIts Half solved only
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- Explain the term Business Ethics. Discuss the responsibilities of Business towards its various stakeholders.
Ans: Business Ethics Business ethics refers to the principles and standards that guide behaviour in the world of business. These ethics influence decisions and actions within a company, ensuring that practices align with moral values and societal expectations. Business ethics encompasses issues such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. Responsibilities of Business towards Various Stakeholders Businesses have a wide range of responsibilities towards their stakeholders, who
- What do you understand by Partnership agreement? Discuss the salient features or characteristics of Partnership firm.
Ans: Partnership Agreement
A partnership agreement is a formal, written contract between two or more individuals who agree to run a business together. This document outlines the terms and conditions of the partnership, specifying each partner’s rights, responsibilities, and obligations. The agreement serves to prevent disputes by clearly defining how various aspects of the business will be handled, including profit sharing, decision-making processes, and procedures for resolving conflicts.
Salient Features or Characteristics of a
Assignment Set – 2
Questions
- Explain the planning function of Management. Also discuss the steps involved in planning function or the planning process.
Ans: Planning Function of Management The planning function of management involves setting objectives and determining the best course of action to achieve them. It is the foundational step in the management process, guiding all other functions (organizing, leading, and controlling). Effective planning helps organizations to foresee future opportunities and challenges, allocate resources efficiently, and establish benchmarks for evaluating performance.
Importance of Planning
- Discuss Maslow’s Need Hierarchy Theory in detail.
Ans: Maslow’s Need Hierarchy Theory Maslow’s Need Hierarchy Theory, proposed by Abraham Maslow in 1943, is a psychological theory that suggests human needs are arranged in a hierarchy. Maslow posited that individuals are motivated by the desire to fulfil specific needs, which are structured in a hierarchical order from basic, more fundamental needs to higher-level, more complex nee
- ‘Communication is one of the most important aspects of Directing.’ Justify. What are the key elements in Communication Process?
Ans: Importance of Communication in Directing Communication is indeed one of the most crucial aspects of directing within an organization. Directing involves guiding, motivating, and leading employees to achieve organizational goals.
Effective communication is fundamental to this process for several reasons:
- Clarity of Instructions Clear communication ensures that employees understand their roles, responsibilities, and the expectations from them. Without effective communication, instructions may be misunderstood, leading
SESSION SPRING 2024
PROGRAM BACHELOR OF COMMERCE SEMESTER I
COURSE CODE & NAME BCOM103 CORPORATE LEGAL ENVIRONMENT
CREDITS 4
Assignment Set – 1st
Questions
- Discuss the sources of Indian Business Laws.
Ans: Indian business laws are derived from various sources, each contributing to the comprehensive legal framework that governs business activities in the country.
These sources include:
- Constitution of India Description: The Constitution is the supreme law of India, laying the foundation for the legal system. It outlines the framework for the creation, distribution, and limitations of government powers and includes provisions that impact business laws.
Key Provisions:
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- Define contact under Indian contract Act 1872. Discuss the essential elements of contract?
Ans: Under the Indian Contract Act, 1872, a contract is defined in Section 2(h) as “an agreement enforceable by law.” This definition implies that for an agreement to be considered a contract, it must be legally binding and enforceable by the courts.
Essential Elements of a Contract For an agreement to be legally enforceable as a contract under the Indian Contract Act, 1872, it must satisfy several essential elements:
Offer and Acceptance:
Offer: One party must make a clear and definite proposal to another party.
Acceptance: The offer
- a. What are the ways in which a contract can be discharged?
Ans: A contract can be discharged in several ways, meaning that the obligations under the contract are terminated.
The primary ways in which a contract can be discharged include:
By Performance
By Agreement or Consent
By Operation of Law
By Impossibility of
Assignment Set – 2nd
Questions
- What do you mean by contract of sale of goods? Differentiate between sale and an agreement to sale?
Ans: A contract of sale of goods is a type of contract where one party (the seller) agrees to transfer the ownership of goods to another party (the buyer) in exchange for a consideration, usually in the form of money. This contract is governed by the Sale of Goods Act, 1930, in Ind
- Define share capital and explain its types
Ans: Share capital refers to the total amount of capital raised by a company through the issue of shares to shareholders. It represents the amount of funds contributed by shareholders to the company in exchange for ownership (equity) in the company. Share capital forms a significant pa
- Explain the provisions of FEMA.
Ans:
The Foreign Exchange Management Act (FEMA) is a crucial piece of legislation in India that governs foreign exchange transactions, investments, and dealings. Enacted in 1999, FEMA replaced the Foreign Exchange Regulation Act (FERA) and aimed to modernize and liberalize India’s foreign exchange management regime.
FEMA empowers the Reserve