GUG/W/18/11729 1 P.T.O
Post Graduate Diploma in Computer Commercial Applications
(PGDCCA-CBCS) First Semester CBCS
PCCCAT101 -Commercial Practices
P. Pages 3 GUG/W/18/11729
Time Three Hours Max. Marks 80

Notes 1. All questions are compulsory.
2. All questions carry equal marks.
1.
Explain Accounting process in double entry accounting system.
8
Distinguish between Capital receipts and Revenue Receipts.
OR
8
Enter the following transactions in the Journal of Mr. Akhil of Chandrapur for the month of September 2017.
Date
Particulars
1/9/17
Akhil commenced business with cash Rs. 5,00,000, goods Rs. 1,00,000 and furniture Rs. 1,50,000
4/9
Purchased a motor cycle from Honda Co. for Cash Rs. 50,000
5/9
Goods sold for cash Rs. 35,000
8/9
Goods purchased from Mr. Arun Rs. 97,000 on one month Credit.
10/9
Goods sold on credit to Mr. Harsal for Rs. 15300
15/9
Paid to Indian Express for Advertisement Rs. 4,000
17/9
Goods sold to Mr. Nandu Rs. 39,000.
25/9
Paid to Mr. Arun Rs. 95,000 in full settlement of his Account
29/9
Received commission from Mr. Hari Rs. 4,000
30/9
Goods Taken for personal use Rs. 3,000
8
Following is the Trail balance of Mr, Atul for the ended on 31/03/2016. Prepare his Trading and profit loss Account
Trial Balance
Particulars
Debit
Credit
Stock on 1.4.2015
Drawing
Purchase
Return inward
Investment
Carriage Inward
Import duty
Wages
Power Charges
Salaries
Printing Stationary
Postage
Plant Machinery
35,000
12,000
1,10,000
8,000
40,000
4,700
2,500
32,400
4,800
41,300
5,100
200
2,15,000













8
*3869*
GUG/W/18/11729 2
Furniture
Cash at bank
Land Building
Cash in hand
Capital
Return outward
Sales
Discount received
Interest received
Creditors
28,000
3,500
1,26,000
700







3,50,000
5,000
2,70,000
3,200
4,000
37,000
6,69,200
6,69,200
Closing stock on 31.3.2016 is valued at Rs. 65,000.
2.
Vijay manufacture Consist information for the year ended on 31 March 2016 were as follows.
Rs.
Sales
Opening stock:
Material
Work in progress
Finished goods
Material Purchased
Direct wages
Closing stock
Material
Work in progress
Finished goods
2,75,000
3,000
4,000
7,000
1,10,000
65,000
4,000
6,000
8,000
Factory overhead 60% of direct wages, Administrative overhead on factory cost. Selling distribution overhead 10% on sales.
Prepare cost statement.
8
Prepare contract No 102 Account. The contract is completed.
Rs
Contract price
Material sent to site
Material Purchased directly
Wages paid
Material return to store
Plant charged to contract
Administration overhead 20% on contract price
Contingement expenses.
5,00,000
8,000
1,22,000
1,70,000
3,500
21,500
19,000
OR
8
Financial statement of Ramesh Co. Ltd. for the year ended on 31 Mar. 2017 is as follows
Particulars
Rs
Rs
Sales
Cost of goods sold
Gross profit
-Operating expenses:
Office exp.
Selling exp.
Net profit.
30,000
36,000
5,00,000
3,00,000
2,00,000
66,000
1,34,000
8
GUG/W/18/11729 3 P.T.O
Calculate
Gross profit Ratio
ii) Net Profit Ratio
iii) Operating Ratio
iv) Selling Exp. Ratio
Stock turnover Ratio (Average Stock is Rs. 60,000) Rajesh Co. ltd. Provided following information, during the period of April to June 2017 prepare cash budget.
Months
Sales Purchase Wages February
March
April
May
June
90,000
96,000
54,000
87,000
1,13,000
62,400
72,000
1,21,500
1,23,000
1,34,000
6,000
7,000
5,500
5,000
7,500
Information:
50% of the above sale will be realised in one month and remaining balance in the next month.
Credit of purchase will be paid in one month.
Workers are paid wages in the same month.
Cash balance on 1st April 2017 is Rs. 12,500.
8
3.
Write the essentials of valid contract.
8
Explain formation steps of company.
OR
8
State the importance of memorandum of association.
8
Narrate the types of share.
8
4.
Define the term 'Management' and state its Role.
8
Write the qualities of professional manager.
OR
8
Explain the process of decision making.
8
State the functional Areas of Management.
8
5.
Write short notes.
Heads of Income. Working capital.
Prospectus. Leadership.
4x4