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Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limit 500)
Q. 4. ABC Ltd. offered 40,000 equity shares of Rs. 10 each to public at a premium
of Rs. 3 per share. Rs. 5 per share was payable on application, Rs. 5 on
allotment (including premium) and the balance of Rs. 3 on first call.
Applications for 70,000 shares were perceived and prorate allotment was made
on 60,000 shares, remaining application were being refused. Surrender to
whom 2800 shares were allotted failed to pay allotment money and on his
failure to pay the call money, his shares were forfeited. Out of forfeited shares
1,000 shares were reissue as fully paid @Rs. 9 per share. Prepare cash book
and journal of ABC Ltd.
JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 2
Note: Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Goodluck Ltd. amalgamated Fairluck Ltd. on the basis of intrinsic value of share. The
purchase consideration is to be discharged in the from of fully paid equity shares,
entries will be made at par value only. A sum of Rs. 20,000 is owned by Goodluck
Ltd. to Fairluck Ltd.
Give journal entries in the books of Fairluck Ltd. Prepare the Balance Sheet of
Goodluck Ltd. soon after the amalgamation.
JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 1
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks. (Word limits
500)
Q. 2. What is the meaning of Cost Accounting? Explain briefly the object and
advantages of cost accounting.
Q. 3. What do you understand by Process Costing? Explain Normal Wastage,
Abnormal Wastage and Abnormal Gain and state how they should be dealt
with in process cost accounting.
Q. 4. During the month of June, 2012 the following receipt and issue of materials
were made. Record the transaction in the Store Ledger Account on the basis of
First in First out (FIFO) method and Last in First out method. Charging
wastage as factory overhead and shortage at inflated price.
01.06.2012 Opening balance 200 kgs, @ Rs. 20 per kg.
03.06.2012 Receipt 250 kgs. @ Rs. 12 per kg.
05.06.2012 Issue 250 kgs.
07.06.2012 Receipt 200 kgs. @Rs. 16 per kg.
15.06.2012 Wastage (as per stock verification report) 5 kgs.
20.06.2012 Receipt 250 kgs. @Rs. 20 per kg.
25.06.2012 Issue 425 kgs.
26.06.2012 Shortage 20 kgs.
30.06.2012 Receipt 50 kgs. @ Rs. 24 per kg.
JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 2
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits
500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits
500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits 500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: answer any two questions. Each question carries 5 marks (Word limits
500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits
500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits
500 )
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits
500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits
500)
Note : Question No. 1 is of short answer type and is compulsory for all the
students.
It carries 5 Marks. (Word limits 50-100)
Note: Answer any two questions. Each question carries 5 marks (Word limits
500)