BBA203 – FINANCIAL ACCOUNTING

 

 

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM BBA
SUBJECT CODE & NAME BBA203 – FINANCIAL ACCOUNTING
SEMESTER 2
BK ID B1520
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

Q.1. Accounting concept refers to the basic assumptions and rules and principles which work as the basis of recording of business transactions and preparing accounts. Explain any 5 concepts of

accounting with example

 

Ans : Concepts of accounting with example:

 

  1. Business Entity:

 

This principle treats the company as a separate entity from its owners. Personal accounts of owners/partners should be kept separate from profits and expenses of the company. So, the accounting reports are prepared from the viewpoint of business purposes and not from the owner’s outlook. The business and its owner(s) are two separate existence entity  Any private and personal incomes and expenses of the owner(s) should not be

 

 

Q.2 Differentiate between trade discount and cash discount. 

Enter the following transactions in Sadhana’s simple cash book.

2010 April  1st April Balance of cash in hand Rs.1500

                   8th April Purchased goods for cash from X for Rs.320

                  15th April  Sold goods for Rs. 480 to Y for cash   

                  20th April Received commission Rs.65

                  22nd April Paid Commission Rs.55

                 28th April  Paid to Reena on account Rs.715

                 30th April Paid salary to the office clerk Rs.100 and office rent Rs.60   

 

Ans :  Differences between trade discount and cash discount  :

 

  1. Meaning:

 

Trade Discount is a discount allowed by the seller to the buyer in case of bulk purchases made by him.

Cash Discount is a reduction in the net amount payable by the buyer when prompt payment is made by the buyer.

 

  1. When Allowed?

 

 

 

Q.3 Final Accounts are prepared at the end of the accounting year with various adjustments. Explain the features and objectives of final accounts 

 

Ans : Explanation of objectives of final accounts :

Explanation of features of final accounts  :

 

 

 

Q.4 Prepare Trading and Profit and Loss Account and Balance Sheet from the following

particulars as at 31st March 2012.

Trial Balance

Particulars

Dr. (Rs)

Cr. (Rs)

Capital / Drawings 

1,400

10,000

Cash in hand

1,500

-

Bank overdraft @ 5%

-

2,000

Purchase and Sales

12,000

15,000

Returns 

1,000

2,000

Establishments charges 

2,500

-

Taxes and Insurance 

500

-

Provision for Doubtful Debts

-

1,000

Bad Debts 

500

-

Sundry Debtors and Creditors

5,000

1,850

Commission

-

500

Investments

4,000

-

Stock on 1 April 2010

3,000

-

Furniture 

600

-

Bills Receivable & Bills payable

3,000

2,500

Collected Sales Tax

-

150

Total

35,000

35,000

 

Further, you are required to take into consideration the following information: 

  1. a) Salary Rs.100 and taxes Rs.400 are outstanding but insurance Rs.50 prepaid
  2. b) Commission amounting to Rs.100 has been received in advance for work to be done

next year.

  1. c) Interest accrued on investments Rs.210
  2. d) Provision for doubtful Debts is to be maintained at 20%
  3. e) Depreciation on furniture is to be charged at 10% p.a.
  4. f) Stock on 31st March 2012 was valued at Rs.4,500
  5. g) A fire occurred on 25th March 2012 in the godown and stock of the value of Rs.1,000

was destroyed. It was fully insured and the insurance company admitted the claim in

full.

 

 

A

 

Calculation of Trading and P/L a/c 

Preparation of balance sheet 

 

 

5

5

 

10

Q.5  ABC Ltd.’s cashbook showed a bank overdraft of Rs.12,000 as on 30th June 2004. The bank

statement as on that date also showed an overdraft but the figure is different. The following are

the causes.

  1. Cheques deposited but not yet collected Rs.1,500
  2. Cheques issued but not yet presented for payment Rs.2,000

 

  1. A cheque of Rs.1,500 deposited on 15th May, 2004 was dishonoured on 19th June, 2004 but

not intimated by the bank till 30th June, 2004

  1. Bank charges not recorded in the cash book Rs.1,000
  2. Interest on overdraft not intimated Rs.1,200

 

A

Preparation of Bank reconciliation statement

 

 

 10

 

Q.6 Mayur, Veer and Prakash are partners sharing profit and losses in the ratio of 2:1:1.

Their Balance Sheet was as follows:

Balance Sheet of Mayur, Veer  and Prakash as on December 31, 2008

Liabilities

Amount

Assets

Amount

Creditors

10,000 Cash in Hand

7,000

Bills payable

7,000 Machinery

13,000

 

 Stock

26,000

Capitals:

Mayur                        40,000

Veer                          30,000

Prakash                     20,000

 

 

 

90,000

Debtors

Investment

Building

26,000

15,000

20,000

Total

1,07,000 Total

1,07,000

 

Prakash has expired on 01.01.2009 and as a result the assets are revalued and

liabilities reassessed as follows:

  1. i) Create a Provision for doubtful debt on debtors at Rs.800.
  2. ii) Building and investment are appreciated by 10%.

iii) Machinery is depreciated at 5%

  1. iv) Creditors were overestimated by Rs.500.
  2. v) Goodwill of the firm valued at Rs.27,000

The balance due to Prakash will be transferred to his executor’s loan account which

carries an interest of 10% p.a. Prepare necessary ledger accounts and show the

balance sheet of new firm after adjustments.

 

A

Preparation of ledger accounts

Preparation of balance sheet

 

 

5

5

 

 

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BBA202- BUSINESS STRATEGY

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM BBA
SUBJECT CODE & NAME BBA202- BUSINESS STRATEGY
SEMESTER 2
BK ID B1519
CREDITS 2
MARKS 30

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q.1 Define business policy. Explain the importance of business policy. Differentiate between business policy and Strategy.

 

Ans: Definition of business policy:

 

Business Policy is “the study of the functions and responsibilities of senior management, the crucial problems that affect success in the total enterprise and the decisions that determine the direction of the organisation and shape its future. The problems of policy in business, like those of policy in public affairs, have to do with the choice of purposes, the moldings of organizational identity and character, the continuous definition of what needs to be

 

 

 

Q.2 What are the objectives of Strategic Management? What are the causes for failure of Strategic Management?

 

Ans : Objectives of Strategic Management:

 

In strategic management, there are strategic objectives and financial objectives. Additionally, all objectives are either short-run or long-run types. When planning a firm’s strategy it is important to have objectives in mind and to understand the differences between the types of objectives.

 

Strategic Objectives:

 

Q.3 Write a brief note on the following:

  1. a) Core competencies and their importance
  2. b) Strategic leadership.

 

Ans : a) Core competencies and their importance:

 

A core competency is a concept in management theory originally advocated by two business authors, C. K. Prahalad and Gary Hamel. In their view a core competency is a specific factor that a business sees as central to the way the company or its employees work. It fulfils three key criteria:

  • It is not easy for competitors to imitate.
  • It can be reused widely for many products

 

 

  1. b) Strategic leadership:

 

Strategic leadership provides the vision and direction for the growth and success of an organization. To successfully deal with change, all executives need the skills and tools for both strategy formulation and implementation. Managing change and ambiguity requires strategic leaders who not only provide a sense of direction, but who can also build ownership and alignment within their workgroups to implement change.

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BBA 201- RESEARCH METHODS

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM BBA
SUBJECT CODE & NAME BBA 201- RESEARCH METHODS
SEMESTER 2
BK ID B1518
CREDITS 2
MARKS 30

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q.1 Briefly describe the different steps involved in a research process. What are the characteristics of good research?

 

Ans : Meaning of Research:

 

In Business,  research involves establishing objectives and gathering relevant information to obtain the answer to a business issue. You can conduct business research to answer a business-related question, such as: What is the target market of my product? Business research can also be used to solve a business-related problem, such as determining how to decrease the amount of excess inventory on hand. Adequate planning and information-gathering are essential to derive results for your business.

 

Steps :

Step 1: Identify the Problem

 

 

Q.2 a. Explain the different types of research designs.

  1. Differentiate between Probability and Non-probability sampling methods.

 

Ans :a. Meaning of research design:

 

A research design is a systematic plan to study a scientific problem. The design of a study defines the study type (descriptive, correlation, semi-experimental, experimental, review, meta-analytic) and sub-type (e.g., descriptive-longitudinal case study), research question, hypotheses, independent and dependent variables, experimental design, and, if applicable, data collection methods and a statistical analysis plan.

 

Types of research designs:

 

 

 

  1. Meaning of Probability and Non-probability sampling methods:

 

Probability sampling:

 

A probability sampling is one in which every unit in the population has a chance (greater than zero) of being selected in the sample, and this probability can be accurately determined. The combination of these traits makes it possible to produce unbiased estimates of population totals, by weighting sampled units according to their probability of selection.

 

 

 

 

 

  1. 3 The important task ahead of the researcher is to document the entire work done in the form of a well-structured research report. Describe in brief the components of a Research Report. What are the guidelines for writing the research report?

 

Ans : Meaning of a Research Report:

 

A document prepared by an analyst or strategist who is a part of the investment research team in a stock brokerage or investment bank. A research report may focus on a specific stock or industry sector, a currency, commodity or fixed-income

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BBA105- COMPUTER FUNDAMENTALS

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM BBA
SUBJECT CODE & NAME BBA105- COMPUTER FUNDAMENTALS
SEMESTER 1
BK ID B1501
CREDITS 2
MARKS 30

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q.1. a. Determine the decimal equivalent of the given number (38.36)8 b. determine the decimal equivalent of the given number (511)16

 

Ans : a. Decimal to octal conversion formula :

 

To convert integer decimals to octal, divide the original number by the largest possible power of 8 and successively divide the remainders by successively smaller powers of 8 until the power is 1. The octal representation is formed by the quotients, written in the order generated by the algorithm. It is one of the most commonly explained problems in computer basics.

 

An octal number can be converted to a decimal number using the following formula:

Decimal Form = Ʃ(ai x 8i)

 

 

 

  1. 2 Invite a set of friends for your wedding through email because you do not have enough of time to go and personally invite. How do you invite them with one personal mail?

 

Ans : Mail merge steps and example :

 

Suppose we write the invitation as follows:-

 

Dear friends,

You all are invited in my marriage at 12

 

 

 

Q.3. a. What is a Macro?

  1. How do you create Macro?

 

Ans : a. Macro :

 

A macro (short for “macroinstruction”, from Greek μακρο- ‘long’) in computer science is a rule or pattern that specifies how a certain input sequence (often a sequence of characters) should be mapped to a replacement output sequence (also often a sequence of characters) according to a defined procedure. The mapping process

 

 

 

 

  1. How do you create Macro:

 

  1. Make sure you know how to perform each action you want and where to find all the menu options you need to select so you don’t have to search for them while recording. The macro will record every keystroke and mouse click, including those that are mistakes, such as clicking on menu options that aren’t what you want. These

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BBA104–Quantitative Techniques in Business

 

 

 

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Assignment

 

DRIVE SUMMER 2014
PROGRAMME BBA
SUB CODE AND NAME BBA104–Quantitative Techniques in Business
SEM 1
BOOK ID B1500
CREDITS 2
MARKS 30

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q.1 Statistics plays a vital role in almost every facet of human life. Define Statistics. Explain the applications of statistics in business and management.

 

Answer :  Statistics :

 

A type of mathematical analysis involving the use of quantified representations, models and summaries for a given set of empirical data or real world observations. Statistical analysis involves the process of collecting and analyzing data and then summarizing the data into a numerical form. Statistics is a general term used to summarize a process that an analyst, mathematician or statistician can use to characterize a data set. If the data set is based on a sample of a larger population, then the analyst can extend inferences onto the population based on the statistical results from the sample. Some statistical measures include regression analysis, mean, kurtosis, skewness, analysis of variance and variance. Statisticians improve data quality by developing specific experiment

 

 

 

Q.2. a. What do you understand by time series? What are the different types of variation in time series? Briefly describe each with an example.

  1. Construct a consumer price index for the information given by using Aggregate expenditure method,

 

 

Commodities Quantity 2007

Q0

Unit P0 P1
2007 2008
A 7 Quintal 300 310
B 5 Quintal 305 308
C 4 Quintal 416 419
D 9 Quintal 530 625
E 3 K.G. 18 23
F 5 Quintal 1050 1070

 

Answer : a. Time series :

 

A time series is a sequence of data points, measured typically at successive points in time spaced at uniform time intervals. Examples of time series are the daily closing value of the Dow Jones Industrial Average and the annual flow volume of the Nile River at Aswan. Time series are very frequently plotted via line charts. Time series are used in statistics, signal processing, pattern recognition, econometrics, mathematical finance, weather forecasting,

 

 

 

 

  1. There are two methods for the compute of consumer price index numbers.

(1) Aggregate expenditure method

(2) Family Budget Method

 

Aggregate expenditure method:

 

 

 

Q.3. What is statistical quality control? Discuss the various control charts.

 

Ans : Statistical Quality Control (SQC):

 

It is the term used to describe the set of statistical tools used by quality professionals. SQC is used to analyze the quality problems and solve them. Statistical quality control refers to the use of statistical methods in the monitoring and maintaining of the quality of products and services. All the tools of SQC are helpful in evaluating the quality of services. SQC uses different tools to analyze quality problem.

 

1) Descriptive Statistics

2) Statistical Process Control (SPC)

3) Acceptance Sampling

Descriptive Statistics involves describing quality

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BBA103 – Business Environment

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM BBA
SUBJECT CODE & NAME BBA103 – Business Environment
SEMESTER 1
BK ID B1501
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q.1. Monetary policy regulates the money supply in an economy. Analyse how monetary policy play an important role in the credit availability of an economy.

 

Ans:  Monetary policy is the process by which monetary authority of a country, generally a central bank controls the supply of money in the economy by exercising its control over interest rates in order to maintain price stability and achieve high economic growth. In India, the central monetary authority is the Reserve Bank of India (RBI). is so designed as to maintain the price stability in the economy. Other objectives of the monetary policy of India, as stated by RBI, are:

 

  1. Price Stability:

 

Q.2. Discuss the merits and demerits of Indian economy.

 

Ans : Indian economy is mixed economy. A mixed economy possesses certain merits which are as under:

 

Merits of Indian Economy:

 

(1) Best Allocation of Resources:

 

 

 

Q.3. Elucidate the key regulations applicable to business in India.

 

Ans :  An entrepreneur has to take into account the basic regulatory requirements of the country in order to ensure sustainability of the profits and productivity of his/her business. The most important regulation relates to the environment. The environmental regulatory requirements envisage a wide legislative framework covering every aspect of environment protection. Broadly, it includes the emission standards for air, noise, water, etc. Separate

 

 

Q.4. Analyse two examples or cases of privatization in India.

 

Ans :  India initiated its privatization program in 1991 as part of  a larger macroeconomic  stabilization  and  structural  reform  effort  to  cope  with extremely  difficult  economic  conditions.  Inflation  had  risen  above  15 percent and foreign  exchange reserves were dangerously low.

 

  1. Air India – A case of privatisation :

 

 

 

Q.5. Differentiate GATT and WTO.

 

Ans :  General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade. It was created in 1948 and lasted until 1993. World Trade Organization (WTO) was formed as a replacement for GATT in 1995 with the purpose of supervising and liberalizing international trade. WTO has a more permanent structure compared to GATT. WTO also monitors trade in services and trade-related aspects of intellectual property rights, in addition to trade in goods. There are various bodies or agreements that have been made around the world in order to maintain peace and justice among the different

 

 

 

  1. 6. Compare and contrast the different forms of Public sector Enterprises.

 

Ans : The organisation provides the framework, which substantially shapes interrelationships amongst the public enterprises as well as the government. The following are the major organisational forms of the public enterprises.

 

(a) Departmental Organisation

 

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BBA102- Organization Behaviour

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM BBA
SUBJECT CODE & NAME BBA102- Organization Behaviour
SEMESTER 1
CREDITS 4
MARKS 60

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

Q.1. Define the term ‘Organisational Behaviour”. Explain the importance of Organizational Behaviour.

 

Ans :  Organisational Behaviour:

 

Organizational behavior refers to the way individuals and groups interact within and toward an organization. The combined behaviors create a company climate that can bolster or undermine an organization’s success. Operating from within a company’s system, both management and staff might have difficulty recognizing patterns of behavior and also how profoundly those patterns can influence a company’s performance. To make sure that influence is positive, leaders must help others grasp the importance of organizational behaviors so that everyone involved in a company’s future can better understand and shape the internal conditions of an organization. Organizational behavior is a field of study that investigates the

 

 

 

Q.2. Explain the following:

  1. a) Span of Control
  2. b) Centralisation and Decentralisation

 

Ans :  a) Span of Control :

 

Span of control is the term now used more commonly in business management, particularly human resource management. Span of control refers to the number of subordinates a supervisor has.

In the hierarchical business organization of some time in the past it was not uncommon to see average spans of 1 to 4 or even less. That is, one manager supervised four employees on average. In the 1980s corporate leaders flattened many

 

 

  1. 3. Describe the personality traits influencing Organizational behaviour.

 

Ans : Personality traits influencing Organizational behaviour:

 

  1. Locus of control :

 

is the extent to which people believe that their behavior has a real effect on what happens to them. Some people believe, for example, that if they work hard they will succeed. They may also believe that people who fail do so because they lack ability or motivation. People who believe that individuals are in control of their lives are said to have an internal locus of control. Other people think that fate , chance, luck, or other people’s behavior determines what happens to them.

 

 

 

 

Q.4. Define the term motivation. Explain Maslow’s need Hierarchy theory.

 

Ans : Motivation :

 

Motivation in management describes ways in which managers promote productivity in their employees. Learn about this topic, several theories of management, and ways in which this applies to the workplace. Use quiz questions to test your knowledge.

Motivation in management is the process through which managers build the desire to be productive and effective in their employees.

 

 

Q.5. Explain the functions of communication. Mention some of the tips or techniques for effective communication.

 

Ans : Functions of communication:

 

  1. Motivation

 

Managers use communication to motivate workers to achieve peak performance. By clarifying the expectations of employees and providing incentives for meeting or exceeding expectations, communication can help companies reach specific objectives. For example, by communicating to salespeople that they’ll receive a 10 percent bonus if they reach their annual sales goal, it helps the company reach its overall sales goals.

 

  1. Control:

 

 

Q.6. Write short notes on the following:

  1. a) Organization Culture
  2. b) Conflict management

 

Ans : a) Organization Culture :

 

Organizational culture is the behavior of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values, visions, norms, working language, systems, symbols, beliefs and habits. It is also the pattern of such collective behaviors and assumptions that are taught to new organizational members as a way of perceiving, and even thinking and feeling. Organizational

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