Submitted by: Submitted by answersheethelp
Views: 10
Words: 1619
Pages: 7
Category: Other Topics
Date Submitted: 10/27/2016 03:25 AM
Need Answer Sheet of this Question paper
Contact us at
answersheethelp@gmail.com
M: 7019944355
Business Law
1. Please give a practical example each of Contract of Indemnity and Contract of Guarantee. Also identify and highlight as to how these contracts, as quoted by you as examples, are different from each other. (10 Marks)
2. Please explain the Corporate Social Responsibility (CSR) obligation as enshrined under the Companies Act, 2013. Please quote at least two examples of CSR in recent times. (10 Marks)
3. Ms. Neha had purchased a Watch from a Showroom in Mumbai. Neha gifted the Watch to her college friend Ms. Rita who stays in Patna. The payment for the Watch was made by Neha. Rita on opening the Gift found the watch to be having a manufacturing defective
Questions
a) In this example, who is the Consumer as per the definition mentioned in Consumer Protection Act, 1986 and under which Section? Can Rita file a consumer complaint against the Watch Company? Explain with reasons? (5 Marks)
b) Explain the doctrine and its specific exception defined in Contract Act, 1872 which exponents that Rita is entitled to sue the Watch Company. (5 Marks)
Financial Accounting and Analysis
1. From the following balances extracted from the book of Alfa traders as on 31st March 2016, prepare the final accounts of the concern. (10 Marks)
Particulars Debit(Rs) Credit(Rs)
Capital Account 500000
Plant & Machinery 410000
Opening Stock 25000
Sundry Debtors 34200
Cash in hand 5000
Cash at Bank 48000
Purchases 42000
Sales 80000
Sundry Creditors 20500
Drawings 5200
Rent 6000
Factory Lighting & Heating 5000
Advertising 10500
Bad Debts 15000
Discount Received 5400
TOTAL (Rs) 605900 605900
The following adjustments are to be made:
a. Closing Stock Rs.50600
b. Rent due but not paid upto 31st March 2016 Rs.500
c. Advertisement paid in advance Rs. 2000
d. Depreciate plant & machinery by 10%, furniture by 5% .
e. Write off further...