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Shree Chanakya Education Society'sINDIRA SCHOOL OF BUSINESS STUDIES, PUNE

POST GRADUATE DIPLOMA IN MARKETING MANAGEMENT-Marketing (PGDM-Mkt)

Mid-Semester Examination- September 2011

Semester - I

Code: M 102 A

Total Marks: 20 MARKS .' Duration: 1 HOUR

Note: 1. Attempt any 4 questions out of the given five questions:

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"I,: Q.1.) Journalize the following transactions in the books of Mis Rohan Traders (5 marks)" : Date Transactions::,; 5/4 Purchased goods from Sahu & Co. on 1 month credit Rs. 1,53,000 @ 10% TD.

15/4 Sold goods to R. Mohan on 1 month credit Rs. 56,000

28/4 Paid salary by cheque Rs. 30,000

29/4 .Purchased shares of Infosys of Rs.l 0,00,000 & paid brokerage @2%

30/4 Vijay was declared insolvent, 50 paisa in a rupee was recover red from his

estate. Total debt was Rs.50000

Q.2.) Write Accounting Equation for the following transactions (5 marks)

Write accounting equat.ion for each of the following transactions:Date Transaction Amt. (Rs.)1/4/2011 Ajay started business with bank balance Rs. 2,00,000 & cash Rs. 20,0008/4 /2011 Purchased goods by cash Rs. 10,00012/4/2011 Sold goods (cost Rs. 5,000) by cash Rs. 7,00015/4/20 11 Purchased goods by cheque Rs. 1,00,00028/412011 Paid Rent by 'cheque Rs. 10,000

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Q.3.) Prepa re Income statement :(5 Marks)Credit

Debit balances (Rs) Balances (Rs)Opening stock 40,000 Capital 400,000,Purchases 201,120 Sales 900,000Sales Returns 5,000 Creditors 131,000

PurchasesBad debts .,. 2,940 Returns 2,720

f, InterestInterest paid 16,000 received 2,400

Insurance 1,500

Debentures 1,80,000

Advertising 45,740

Warehousing I 29,980

Debtors 57,120

Wages & salaries 72,560

Rates & Taxes 1,972

Machinery 200,000

Land & Building 140,000

Furniture 68,000

Conveyance 13,920

Traveling 75,084

Power & Fuel 88,052

Telephone 77,548

Electricity 5,928

Cash 6,323

Bank 107,333

Total: 1,436,120 Total: 1,436,120

• Closing stock was Rs.156000.• Depreciation at 20% to be provided on machinery,

Q.4.) Write short notes on(any 2)1) Accounting Equation2) Business Entity Concept3) Subsidiary Books4) Financial Statements

(5 MARKS)

Q.5,) What do you mean by Accounting. Explain its significance.rS MARKS)

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