Madurai Kamraj University (MKU) 2006 M.Com Banking All subject s - Question Paper

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700 900 700 900
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part B - (3 x 20 =60 marks)
ans any 3 ques.. ans to th~ory ques. need not to exceed four pages.


9. discuss the errors which are disclosed and not disclosed by the Trial Balance.
10. State the difference ranging from Receipts and Payments Account and Income and Expenditure
Account.



11. subsequent is the Trading and Profit and Loss Account of a concern for the year ending
31.3.2004.
Rs. Rs.
To Opening stock 76,250 By Sales 5,00,000
To Purchases 3,15,250 By Closing stock 98,500
To Wages 7,000
To Gross profit 2,00,000
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5,98,500 5,98,500
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To Administration expenses 1,01,000 By Gross profit 2,00,000
To Selling expenses 12,000 By Profit on sale of investments 6,000
To Non Operating expenses 9,000
To Net Profit 84,000
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2,06,000 2,06,000
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Calculate:
(a) Gross Profit Ratio (b) Net Profit Ratio (c) Operating Ratio and (d) Operating Profit Ratio.



12. Prepare a Trading and Profit and Loss Account for the year ended 31.12.2003 and a Balance
Sheet as on that date from the subsequent Trial Balance.
Rs. Rs.
Drawings 45,000 Capital 1,60,000
Goodwill 90,000 Bills payable 35,000
Buildings 60,000 Creditors 70,000
Machinery 40,000 Purchase Returns 2,650
Bills Receivable 6,000 Sales 2,18,000
Opening stock 40,000
Purchases 51,000
Wages 26,000
Carriage outwards 500
Carriage inwards 1,000
Salaries 35,000
Rent 3,000
Discount allowed 1,100
Repairs 2,300
Bank 25,000
Cash 1,600
Debtors 45,000
Bad debts 1,200
Sales Returns 2,000
Furniture 6,000
Advertisement 3,500
General expenses 450
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4,85,650 4,85,650
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Adjustments:
(a) Closing stock was Rs. 35,000
(b) Depreciate Machinery and Furniture by 10%
(c) Outstanding wages Rs. 1,500
(d) Prepaid Advertisement Rs. 500
(e) Create 5% on debtors for bad debts as provision.





13. Bata Ltd supplies you the subsequent balance on 31st December 2003 and 2004.
Liabilities 2003 2004 Assets 2003 2004
Rs. Rs. Rs. Rs.
Share capital 70,000 74,000 Cash balance 9,000 7,800
Debentures 12,000 6,000 Bills Receivable 4,900 17,700

Earning:   Approval pending.