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Vysya college,salem-103
Model examination,Nov2014
Class: III B.Com(CA) Date:
Subject: Fundamentals of Insurance Duration:3 Hour
PART-A(10*2=20)
Answer ALL questions
1. What is Insurance?

2. What is Subrogation?

3. What is nomination?

4. What you mean by conditional assignment?

5. What is claim?

6. What is settlement option?

7. Define: Marine Insurance?

8. What is Jettison?

9. What is Re-insurance?

10. Define: Fire Insurance?


PART-B(5*5=25)
Answer ALL questions
11. (a) Write down the special features of Insurance?


(or)(b) Give the benefits of insurance to Business?


12. (a) What are the salient features of Assignment?


(or) (b) What are the various Revivals of policies?
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13.(a) What is Surrender value? What are the various types of Surrender value?

(or) (b) Write short notes on loans?


14. (a) Explain the clauses in marine insurance?


(or) )(b) What you mean by average loss and particular average loss?


15.(a) What are the characteristics of a fire insurance contract?


(or) (b) What are the function of fire insurance?



PART-C(3*10=30)
Answer Any THREE question
16. Explain the general principals of insurance?


17. What do you mean by Assignment? How does it differ from Nomination?


18. How are the claims settled under?
(a) On maturity and ;(b) On death


19. Explain the various kinds of marine policy?


20. What do you mean by Re-insurance? What are the various methods of Re-
insurance?



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Vysya college,salem-103
Model examination,Nov2014
Class: II B.Com B Date:
Subject: Corporate accounting-I Duration:3 Hour
PART-A(10*2=20)
Answer ALL questions
1. What is mean by under subscription?
2. What do you mean by sweat equity shares?
3. What is capital redemption reserve?
4. What you meant by preference share?
5. Define debenture?
6.What is convertible debenture?
7. Write any two differences between debenture and share?
8 What is goodwill?
9.What is Sales Ratio?
10.What is Time Ratio?

PART-B(5*5=25)
Answer ALL questions
11. (a)What are the types of shares?(or)

(b) X Ltd, forfeited 30 shares of Rs. 10 each fully called up, held by Murugan
for non-payment of allotment money of Rs. 3 per share and first and final call of
Rs. 4 per share. He had paid the application money of Rs. 3 per share. These
shares were reissued to David for Rs. 8 per share. Pass necessary journal entries
for forfeiture & reissue of shares.

12.(a)The summarized balance sheet of Gaur Ltd on 31
st
De 2004 was as follows.
Liabilities Amount Assets Amount
Share capital :-
2,000 redeemable preference 2,00,000 SundryAssets 9,80,000
Shares of Rs.100 each fully paid
80,000 Equity shares of 8,00,000 Cash at bank 4,20,000
Rs. 10 each fully paid
Profit and Loss A/c 2,60,000
Creditors 1,40,000
14,00,000 14,00,000
On the above the preference Shares were redeemed at a premium of 10%.you are
required to pass journal entries. (or)
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(b) A Company had issued 50,000 redeemable preference shares of Rs 10 each
Rs 8 paid. In order to redeem these shares, the company issued for cash 30,000
equity shares of Rs 10 each at a premium of Rs 2 per share. Out of the cash
proceeds, the redeemable preference were paid and the balance was met out of
the reserve fund which stood at Rs 2,50,000. Show the journal entries the books
of the company.

13.(a) Kiran Ltd. Issued 2,000, 12% debenture of Rs 10 each to the public to be
paid Rs4 on application and balance on allotment. All moneys due on debenture
are received. Give the journal entries.(or)

(b) Write a short note on;(a) Ex-Interest (b) Cum-Interest.

14. (a) Calculate the amount of goodwill on the basis of three years purchase of
the last five years average profits. The profits for the last five years are:
I year Rs 4,800, II year Rs 7,200, III Year Rs 10,000, IV year Rs 3,000,
V year Rs 5,000.(or)

(b) From the following information calculate the value per equity share:
Rs.
5,000 8% preference shares of Rs.100 each 5,00,000
75,000 equity shares of Rs.10 each, Rs.8 per share paid up 6,00,000
Expected profits per year before tax 2,80,000
Rate of tax 50%
Transfer to general reserve every year 20% of the profit
Normal rate of earnings 10%

15.(a) Pankajam Mills Ltd, was incorporated on 31
st
July 1977 to purchase the
business of Hemalatha & Co., as on 1
st
April 1977. The books of accounts
disclosed the following on 31
st
March 1978.
(1) Sales for the year Rs. 32,10,400 (1
st
April to 31
st
July 77 Rs. 8,02,600;
1
st
July 77 to 31
st
March 1978 Rs. 24,07,800).
(2) Gross profit for the year Rs. 4,12,800; Managing Directors Salary Rs.
12,000; Preliminary expenses written off Rs. 18,000. Company Secretarys salary
Rs. 58,000.
(3) Bad debts written off Rs. 14,890 (prior to 31
st
July Rs. 4,020, after 31
st

July Rs. 10,870)
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(4) Depreciation on machinery Rs. 25,200; General expenses Rs. 51,000;
Advertising Rs. 7,400; Interest on debentures Rs. 20,000.
You are required to prepare a statement apportioning properly the net profit of
the company as between
(i) Profits available for distribution; (ii) Profits prior to incorporation.(or)

(b) The accounts of the murugan Ltd., showed an amount of Rs 3,00,000 to the
credit of P &L A/c on 31.3.2008 out of which the directors decided to place Rs
60,000 to general reserve and Rs 42,000 to debenture redemption fund. At the
annual general meeting held on 15.6.2008, it was decided to place Rs 20,000 to a
development reserve and to pay a bonus of 2 % of the profit to the directors as
additional remuneration. The payment of the half yearly dividends on Rs
5,00,000 6% cumulative preference shares on Sept.30, 2007 and March, 31, 2008
was confirmed and a dividend @ 10% was declared on the equity share capital of
the face value of Rs 6,00,000. The balance of P & L A/c is to be carried forward
to next year. Prepare Profit & Loss Appropriation A/c showing the above
arrangements.
PART-C(3*10=30)
Answer Any THREE question
16. A limited company issued a prospectus inviting applications for 2,000 shares
of Rs.10 each at a premium of Rs. 2 per share payable as follows
On application Rs. 2 per share
On allotment Rs. 5 per share
On first call Rs. 3 per share
On final call Rs. 2 per share
Amount payable on allotment included premium also. Applications were
received for 3,000 shares and pro-rata allotment was made on applications for
2,400 shares. Money overpaid on applications was employed towards the sum
due on allotment. Ramesh who took 40 shares failed to pay the allotment money,
his shares were forfeited on his failure to pay the first call also. Mohan the holder
of 60 shares failed to pay two calls and his shares were forfeited after second
call. Of the shares forfeited, 80 shares were sold to Krishna credited as fully paid
for Rs. 9 per shares, the whole of Rameshs shares being included. Show the
journal entries.

17. On 31
st
Dec 1993 the balance sheet of sundaram ltd, stood as follows:
Liabilities Amount Asset Amount
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Equity shares capital 5, 00,000 Sundry assets 7,60,000
Redeemable preference share Bank 1,90,000
Capital 2, 00,000
General reserve 1, 50,000
sundry creditors 1, 00,000
9, 50,000 9,50,000

On the above date the preference shares had to the redeemed. For the purpose
1000 equity shares of Rs100 each were issued at Rs 110.the were immediately
subscribed and paid for the preference shares were duly redeemed. Give journal
entries and balance sheet after redemption.

18. Kamakshi Ltd issued 1,000, 8% debenture of Rs100 each .Give journal
entries in each of the following cases:
(i) The debenture are issued and redeemed at par.
(ii) They are issued at a discount of 5% but redeemed at par.
(iii) They are issued at a premium of 10% but redeemed at par.
(iv)They are issued at a discount of 5% but are redeemadle at a premium of 10%.

19. R.Ltd., issued 10,000 shares of Rs.100 each at a premium of Rs.20 per share.
The entire issue was underwritten as follows:
A- 5,000 shares (firm underwriting 1,000 shares)
B- 3,000 shares (firm underwriting 500 shares)
C- 2,000 shares (firm underwriting 500 shares)
The number of shares applied for were 9,000. The following were under marked
applications:
A-3,500 shares; B-1,400 shares; C-1,600 shares including firm underwriting.
Prepare a statement showing their net liability.

20. A limited company was registered with an authorized capital of
Rs30,00,000.In equity shares of Rs 10 each. The following is the list of balance
extracted from its books on 31.12.94.
Particulars Rs

Purchase 9,25,000.
Wages 4,24,325.
manufacturing expenses 65,575.
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Salaries 70,000.
Bad debts 10,000.
Directors fees 31,125.
Debenture interest paid 45,000.
Preliminary expenses 25,000.
Call-in-arrears 37,500.
Plant & machinery 15,00,000.
Premises 16,50,000.
Interim dividend paid 1,87,500.
Furniture & fittings 35,000.
Sundry debtors 4,36,000.
General expenses 84,175
Stock on 1-1-94. 3,75,000.
Cash in hand 1,00,000.
Goodwill 28,750.
Cash at bank 1,99,500.
Subscribed and fully called up capital 20,00,000.
Profit & loss account(cr) 72,500.
6%debenture 15,00,000.
Sundry creditors 2,90,000.
Bills payable 1,67,500.
Sales 20,75,000.
General reserve 125,000.
You are required to prepare trading and profit & loss account for the year
ended 31.12.94 and balance sheet as on that date, after making the following
adjustments. Depreciation plant & machinery 10%, provide half year interest on
debenture also write off Rs2,500 from preliminary expenses and make provision
for bad and doubtful debts of Rs 4,250 on sundry debtors. Stock on 31
st

December 1994 was Rs 4,55,000.






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Vysya college,salem-103
Model examination,Nov2014
Class: II B.Com(CA) Date:
Subject: Marketing Duration:3 Hour
PART-A(10*2=20)
Answer ALL questions
1.Define marketing?


2.State the meaning of buying motive?


3. What is primary market?


4.Mention any two merits of Railway transport?


5.Define warehouse?


6.What you mean by storage?


7.What is mean by standardization?


8. What is grading?

9. What is mean by product diversification?

10Who are middlemen?

11.What is product life cycle?


12.What is product mix?


13.What you mean by buying?
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14.Write the meaning about new product?


15.write short note on transport?


PART-B(5*5=25)
Answer ALL questions
16(a) Explain the various types of markets?


(or)(b) Explain the important of marketing?


17. (a)Is marketing a science or Art?Explain.



(or) (b)What are the function of transport?



18.(a) Write down about merits and demerits of air transport?


(or) (b) Explain the different types of buying?



19. (a) What are the function of packaging?


(or) )(b) Describe the important feature of product?



20.(a)What are the merits and demerits of water transport?


(or) (b) Write the facilities about product alteration?


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PART-C(3*10=30)
Answer Any THREE question
21.Explain the features of modern marketing?



22. Write briefly about various functions of marketing?



23. What are the requites of good package?



24. Explain the steps to be followed in new product introduction?



25. Explain the stages of product life cycle?