Assignment Questions, 20101 - Nalanda Open University

BACHELOR OF COMMERCE, Part-IHONOURS- PAPER-IAnswer Any Two Questions.(lHkh iz'u 10-10 vadska ds gSa) 1.The assets of a merchant on 30th June, 2008 as shown by his books were Rs. 56,000 and hisliabilities Rs. 44,000. He filed his petition in the insolvency court and estimated his deficiency tobe Rs. 30,000. After making the above estimate he found that the following items were not passedthrough his account books.Interest at 6% on his capital from 1st January, 2008. A contingent liability for Rs. 10,000.Amount due as wages Rs. 300, as salaries Rs. 700, as rent Rs. 300 and as rates and taxes Rs. 100.Arrears payable as compensation under workmen compensation Act, Rs. 100. Prepare hisstatement of affairs and his deficiency account.30 twu] 2008 dks ,d O;olk;h dh lEifÙk;k¡ ,oa nkf;Ro Øe'k% 56]000:0 vkSj44]000:0 ds FksA mlus fnokyk gksus ds fy;s ,d vkosnu i= U;;ky; esa fn;k vkSjviuh vuqekfur deh 30]000:0 izdV dh A mi;Zqä vuqeku ds ckn mls irk pyk fdfuEufyf[kr ds fy;s ys[ks iqLrdksa esa ugha gq;s gSa %&1- tuojh] 2008 ls mldh iw¡th ij C;kt 6 izfr'kr A mlds }kjk Hkquk;s gq;s 10]000:0 ds fcyksa ij lafnX/k 2500:0 A ns; jkf'k;k¡&etnwjh 300:0] osru 700:0] fdjk;k300:0] dj 100:0 deZdkj {kfriwfrZ vf/kfu;e ds vUrxZr ns; {kfriwfrZ dh cdk;kjkf'k 100:0 gS A fLFkfr fooj.k rFkk deh dk [kkrk cukb;s A2. Distinguish between Receipt and payment account and income andexpenditure account.izkfIr ,oa Hkqxrku [kkrk rFkk vk; ,oa O;; [kkrk ds chp vUrj Li"V dhft;s A3. What is Hire Purchase system? Discuss its different features.fdjk;k Ø; i)fr D;k gS\ blds fofHkUu fo'ks"krkvksa dk o.kZu dhft;s AHONOURS- PAPER-IIAnswer Any Two Questions.(lHkh iz'u 10-10 vadska ds gSa)1. What is Deferred Revenue Expenditure? Discuss the duties of an auditor in respect ofcapital expenditure and revenue expenditure.LFkfxr vk;xr O;; D;k gS\ iw¡thxr O;; rFkk vk;xr O;; ds laca/ esa ,d vads{kd ds drZO;ksa dkfoospu dhft,A2. Distinguish between provisions and Reserve and state the auditors duties in relation toprovisions and reserve.vk;kstu ,oa lap; esa vUrj dhft, rFkk vk;kstu ,oa lap; ds laca/ esa vads{k.k ds drO;ksZa dkmYys[k dhft,A3. What do you know about valuation of liabilities? Discuss types of liabilities and theirverification and valuation.nkbROkksa ds ewY;kadu ds ckjs esa vki D;k tkurs gSa\ nkbRoksa ds izdkj ,oa muds lR;kiu ,oa ewY;kadudh foospuk dhft,A