B.Com Accounting And Finance Question Paper

Will you please provide the question paper of B.Com 1st year Accounting and Finance?

[Arun Vats]

Financial Accountancy is the branch of accountancy concerns with the preparation of financial statements for decision makers, stockholders, suppliers, banks, employees, government agencies, owners, and stakeholders.

For the syllabus , here i am giving the attachment

I – YEAR:
BAF 11 - Financial Accounting
BAF 12 - Business Organisation
BAF 13 - Business Economics

II – YEAR:
BAF 21 - Corporate Accounting
BAF 22 - Business Statistics
BAF 23 - Commercial Law & Industrial Law
BAF 24 - Banking Theory, Law and Practice
BAF 25 - Business Environment
CCE - Environmental Studies

III – YEAR:
BAF 31 - Business Finance
BAF 32 - Auditing
BAF 33 - Income Tax
BAF 34 - Cost Accounting
BAF 35 - Accounting for Managerial Decisions

FINANCIAL ACCOUNTING
Block I
Basic Accounting concepts – Accounting process – Trial balance – Final
Accounts of sole traders – Common adjustments in the preparation of final
accounts – Adjusting and closing entries – Manufacturing account.

Block II
Bills of Exchange – Trade bills and accommodation bills – Accounts of
non-trading concerns, Receipts and payments account and Income and
Expenditure accounts - Capital and Revenue Expenditure.

Block III
Accounts from incomplete records – Net worth method and Conversion
method – Self-balancing ledgers – Insurance claims, claims of stock destroyed,
asset destroyed, loss of profit (Simple problems only).

Block IV
Consignment and Joint venture – Account current – Average due date –
Depreciation, various method of providing depreciation.

Block V
Departmental accounts – Branch accounts - Kept at the Head Office –
Independent branches (excluding foreign branches).

BOOKS RECOMMENDED
1. R.L. Gupta and M. Radhaswamy – Advanced Accountancy Sultan Chand
& Sons.,New Delhi.
2. S.N.Maheswari Introduction to Accounting, Vikas Publishing House, New
Delhi.
3. M.C.Shukla, T.S.Grewal and S.C. Gupta – Advanced Accounts, S.Chand
and Company Ltd., New Delhi.

BUSINESS ORGANISATION
Block I
Nature and scope of business – Business versus Profession and
Employment, characteristics of business - Interrelationship between industry,
commerce and trade – Objectives and essentials of business – Forms of
business organization – Sole Proprietary concerns – Partnership Firms – Co-
Operative Societies.

Block II
Joint stock company – Features – Company versus Partnership Firms –
Kinds of Companies – Private versus Public Companies – Privileges of a Private
Company – Formation of a company – Promotion and its stages – Incorporation -
Commencement of business – Memorandum and Articles of Association –
Alteration of Memorandum and Articles.

Block III
Financing of companies – Shares – Debentures and others – Methods of
raising capital – Prospectus – Contents - Legal importance - Implications of
misstatements in prospectus – Underwriting – Public deposits.

Block IV
Structure of company management – Powers - Duties and Responsibilities
of directors – Company Meetings – Meetings of Board of Directors and Share
holders – Resolutions in shareholders meetings – Dividends and bonus shares.

Block V
Scale of operation and size of the firm – Business combinations –
Government and business – Public utilities – Social responsibilities of business.

BOOKS RECOMMENDED:
1. Y.K. Bhushan - Fundamentals of Business organization and Management,
Sultan Chand & Sons, New Delhi.
2. C.B. Gupta - Business organization and Management, Sultan Chand & Sons.,
New Delhi.

B.COM ACCOUNTING AND FINANCE

BUSINESS ECONOMICS
Block I
Introduction to Economics – Nature, scope and limitations of Economics –
Definition – Adam Smith, Marshall and Lionel Robins – Fundamental concepts.
Consumer analysis – Characteristics and classification of human wants -
Law of Diminishing marginal utility – Law of Equimarginal utility.

Block II
Demand Analysis – Law of Demand – Types – Determination of Demand
– Demand schedule – Changes in Demand – Elasticity of Demand –
Measurement – Types of elasticity – Factors determining elasticity of demand –
Importance.
Consumer Equilibrium - Cardinal and Ordinal utility – Indifference curve
analysis – Criticism of indifference curve analysis – Marshallian utility compared
to Hicksian analysis.

Block III
Factors of production – Theories of production – Laws of Return –
Economics of Scale – Optimum combination of inputs.
Cost curves – Fixed and variable costs – Average and marginal costs –
Short run cost curves and long run cost curves – Break-even analysis.

Block IV
Pricing under perfect competition – Monopoly – Price discrimination –
Pricing under monopolistic competition – Oligopoly and Duopoly – Pricing in
public utilities.

Block V
Government and business: Industrial policy – Public Enterprises –
National Income – Computation of National Income – Types of National Income –
National income in India.

Books for references:
1. Eswar C. Dhingra, The Indian Economy Environment and Policy S. Chand
and Sons, New Delhi, 18th Edition, 2004.
2. Ruddar Dutt and K.P.M. Sundaram, The Indian Economy, 50th Edition,
Sultan and Chand, New Delhi, 2004.
3. S.K. Mishra and Puri, The Indian Economy, 22nd Edition Himalaya
Publishing House, New Delhi, 2004.

II YEAR
CORPORATE ACCOUNTING
Block I
Issue of shares and debentures – Various kinds – forfeiture Reissue –
underwriting of shares and Debentures.

Block II
Redemption of preference shares and debenture – Purchase of business
– Profits Prior to incorporation

Block III
Preparation of company final Accounts – company balance sheet
preparation – Computation of Managerial Remuneration.

Block IV
Amalgamation – Absorption and external reconstruction of a company
(Inter company investments Excluded).

Block V
Liquidation – Statement of affairs and deficiency accounts – Liquidators
final statement of receipts and payments.

Reference Books:
1. Shukla and Grewal – Advanced Accounting
2. Jain and Narang – Company Account
3. R.L.Gupta – Corporate Accounts
4. Chakraborthi – Advanced Account
5. Mukherji and Hanif – Modern Accounts.

II YEAR
BUSINESS STATISTICS
Block I
Introduction: Meaning – Definition – Functions – Scope and uses –
limitations – Collection of data i) Primary and ii) secondary data – Classification
and tabulation – Diagrammatic and graphic representation - Definition –
Objectives of averaging – Characteristics of a good average – Types of average
i) Mean ii) Median iii) Mode iv) geometric mean and v) Harmonic mean – Merits
and demerits of averages – Choice of suitable averages.
Block II
Measures of Dispersion: Definition – Concept of variation – Absolute and
relative measure of dispersion – Methods of measuring dispersion i) Range ii)
Quartile deviation iii) Mean deviation iv) Standard deviation and v) Co-efficient of
variation – Choice of suitable measure of dispersion.

Block III
Correlation and Regression: Meaning and definition of correlation – Types
of correlation – Methods of studying correlation i) Graphic method ii) Scatter
diagram iii) Karl Pearson’s method iv) Rank correlation and v) concurrent
deviation method – correlation and regression – Methods of studying regression:
i) Graphic method ii) Regression equations and iii) Regression coefficients.

Block IV
Index Numbers: Meaning – Definition – Characteristics – Types – Methods
of constructing Index number i) Simple aggregative method ii) Weighted
aggregative method – Price index number – Quantity index numbers – Tests of
adequacy of index numbers.

Block V
Time Series: Meaning – Utility – Components of time series i) Trend ii)
Seasonal iii) Cyclical and iv) Irregular – Methods of finding trend i) Graphic ii)
Semi-average iii) Moving average and iv) Least square – Methods of finding
seasonal variations I) Simple average ii) Ratio to trend iii) Moving average and iv)
Link relatives.

BOOKS RECOMMENDED
1. Statistics (Theory, Methods and applications) – Dr.D.C.Sancheti and
V.K.Kapoor Sultan Chand & Sons., New Delhi.
2. Business Statistics – S.P.Gupta, Sultan Chand & Sons., New Delhi.
3. Fundamentals of Statistics – D.H. Elhance
4. Statistics (Theory and Practice) – R.S.N.Pillai and Bagavathi, S. Chand &
Company Ltd., New Delhi.
5. Fundamentals of Statistics – S.C.Gupta, Himalaya Publishing House.

II YEAR
COMMERCIAL LAW AND INDUSTRIAL LAW
Block I
Introduction and nature of contract – Essentials of valid contract –
Voidable contracts – Viod agreements – Contingent contract – Performance of
contracts – Reciprocal promises – Appropriation of Payments.

Block II
Quasi contracts – Breach of contract and its consequences – Contract of
indemnity and contract of guarantee – Bailment and Pledges – Contract of
agency – Rights and duties of parties – Liabilities to third parties – Termination.

Block III
Sale of goods – Sale and agreement to sell – Formation of contract of sale
– Implied conditions and warranties – Performance of contract of sale – Duties
and right of seller and buyer.

Block IV
Factories Act 1948.

Block V
Workmen’s Compensation Act 1823 – Industrial Disputes Act 1947 –
Employees State Insurance Act 1948.

Book Recommended:
1. N.D.Kapoor, Business Laws, Sultan Chand & Sons., New Delhi.
2. G.K.Varshey, Elements of Business Law S.Chand & Co., New Delhi.
3. M.C.Shukla, A manual of Mercantile Law, S.Chand & Co., New Delhi.


For the question paper , here i am giving attachment