GUG/W/18/932 1 P.T.O
Post Graduate Diploma In Computer Commercial Applications (PGDCCA) One Year
P1 Commercial Practices
P. Pages 2 GUG/W/18/932
Time Three Hours Max. Marks 80

Notes 1. All questions are compulsory.
2. All questions carry equal marks.
1.

Distinguish between capital receipts and revenue receipt.
8

Explain the basic concepts and conventions of accounting.
8
OR

From the following trial balance containing obvious errors, prepare a correct Trial Balance.
Trial Balance as on 31/3/2015
Particular
Rs.
Particular
Rs.
Opening Stock
33,180
Capital
2,00,000
Sundry Debtors
41,340
Closing Stock
41,600
Fixed Assets
1,58,000
Sundry Creditors
25,000
Gross Purchase
1,21,840
Gross Sales
2,05,200
Return Inward
4,800
Returns Outwards
2,460
Carriage on Purchase
1,600
Carriage on sales
3,700
Import Duty
2,400
Export Duty
1,600
Wages Salaries
62,800
Bill Payable
16,000
Bill Received
7,600
Interest Paid
2,200
Bank Overdraft
22,000
Commission Received
1,740
Cash in hand
760
Discount Allowed
1,520
Rates and Taxes
14,260
5,00,580
5,00,580
8

Journalise following transaction in the books of Anil Jan. 2015.
Anil started business with cash Rs. 1,20,000.
ii) Goods purchase for cash Rs. 12,000.
iii) Goods sold for cash Rs. 24,000.
iv) Purchased goods on credit from Prathmesh worth Rs. 5,000.
Sold goods on credit to Umesh worth Rs. 9,000.
vi) Goods distribution as free samples Rs. 700.
vii) Paid Rs. 5,000 to Ayush A/c.
viii) Received Rs. 9,000 from Umesh.
8
2.

Define the term cost and state the objectives of cost accounting.
8

What is Budgetary control State the objectives of budgetary control
8
OR
*0732*
GUG/W/18/932 2

The following data are obtained from the records of the company. The sales and profit figures of two years are given below
Year
Sale
Profit
31-03-2014
1,50,000
20,000
31-03-2015
1,70,000
25,000
Fixed cost amounts to Rs. 17,500.
You are required to calculate
P.V. Ratio ii) B.E.P. iii) The sales required to earn profit of Rs. 40,000.
8

Batra undertook a contract. The contract price Rs. 1,00,000, Material sent to site Rs. 32,350, labour engaged on site Rs. 27,400, Plant Installed at site Rs. 5,650, Value of Plant on 30-04-2014 Rs. 4,100, Work certified Rs. 71,500 cash received Rs. 65,000, Cost of work done but not certified Rs. 1,700, Direct Exp. Rs. 1,200, cost of establishment Rs. 1,625, wages outstanding Rs. 900, materials in hand Rs. 700, Material returned to stores Rs. 200, Direct Exp. outstanding Rs. 100, prepare contract account for the year ended on 30-04-2014.
8
3.

Define 'Shares'. Explain their types
8

Define 'Debenture explain their types
8
OR

Define a "Company". Write essential features of a company.
8

Explain the contents of the memorandum of association of a company.
8
4.

Explain different Principles of Management.
8

Define 'leadership' Explain their types.
8
OR

Discuss importance to use of silence in communication.
8

Explain different types of management.
8
5.
Write short note
Meaning of Income Tax.
4
Objectives and limitations of Ratio Analysis.
4
Marketing and Production.
4
Elements of Partnership.
4