Advanced Accounting 763554577

UG 171
5
V Semester B.Com. Examination, March/April 2021
(CBCS) (2016-17 and Onwards) (F + R)
COMMERCE
Paper 5.5 : Elective (Paper -1): Advanced Accounting
Time:3 Hours Max. Marks 70
Instruction: Answer should be written completely either in English

or in Kannada.
SECTION - A
1. Answer any five sub-questions from the following. Each correct answer carries
two marks (5x2=10)
a) What is rebate on bill discounted ?

ARE
b) What is reinsurance ?
c) State two objectives of Farm accounting. IARH

d) Expand IRDA.
e) State two advantages of Inflation accounting.
f) What is cum-interest and ex-interest quotation of securities.
g) What is MWCA ? How can it be calculated ?
P.T.O.
UG 171 2
SECTION-B
-
Answer any three questions from the following. Each correct answer carries
6 marks (3x6-18)
2. From the following particulars prepare the Fire Revenue A/c for the year ending
31/03/2020
Claims paid 8,46,000

Claims unpaid on (1-4-2019) 72,000
Claims unpaid on (31-3-2020) 1,26,000
Legal expenses regarding claims 18,000
Premium received 21,60,000
Reinsurance premiums 2,16,000
Commission 3,60,000
Expenses of management 5,40,000
Provision against unexpired risk on (1-4-2019) 9,36,000
Commission on reinsurance coded 60,000
Bad debts 5,000
B en Dadrieosesn oad 23Ddodba 31/03/2020 3ouoO:
8,46,000
JDns s (1-4-2019)
72,000
2T3rieb pd (31-3-2020)
1,26,000
18,000
asbo dsdd 21,60,000
bdboab aeadbo
2,16,000
3 UG 171
3,60,000
5,40,000
nadbs Das DeTe» (1-4-2019) 9,36,000
60,000
5,000
3. While preparing the final a/c of banking company under which schedule the
following appears?
i) Audit fees
ii) Commission and exchange

ii) Lockers rent
iv) Branch adjustment (Cr.)
v) Non banking Asset
vi) Law charges.
i) esas sbey
iv) s i o doootië ( )
v)modor
vi) Breab
4. From the following figures, prepare revenue accounts of Blue Diamond Insurance
Company for the year ending 31s March 2020
Premium 10,25,000
Fines for revival of lapsed policies 1,250
UG 171
1,800
Bad debts
4,54,000
Interest, Dividend etc.
32,300
Consideration of annuities granted
8,20,000
Life assurance fund on 1st April 2019
85,000
Management expenses
24,200
Commission
Bonus in reduction of premium
6,300
Annuities 26,300
Surrenders 61,250
Income tax paid 84,000
aebadbo 10,25,00o
1,08,500
1,250
1,800
4,54,000
32,300
e a aQ (1-4-2019) 8,20,000
85,000
24,200
6,300
26,300
61,250
84,000
5 UG-171
5. From the following information prepare crop account to find out the profit made
during the year 31-03-2020:
Opening stock 01/04/2019

Wheat 20,000
Seeds 4,000
Fertilizers 6,000
Purchases
Seeds 2,400
Fertilizers 3,600
Salary paid in cash 27,200
Wages paid in wheat 18,400
Sale of wheat 1,41,600
Wheat consumed by the proprietor 6,400
Depreciation on farm machinery 8,000
Closing stock on 31/03/2020
Wheat 16,000
Seeds 2,800
Fertilizers 3,200
8en apo8riPod 31/03/2020 dASrLAOISJaxF Djab Tordb&oaotbos Tevaoh
sTo oRTD 01/04/2019
riee 20,000
4,000
6,000
2,400
xrieyprns 3,600
27,200
UG- 171 -6
18,400
1,41,600
6,400
8,000
o8b s p b 31/03/2020
16,000
esrisb 2,800
drreeyoni 3,200
6. Give the meaning of inflation accounting and state the limitations of Inflation
accounting.
SECTION-C
14marks (3x14-42)
ens odowdde aecb aorner neoA soenao 14 esodrisb:
7. The following balances are extracted from the books of modern insurance co.
as on 31st March 2020
Particulars Fire Marine
Claims paid 2,00,000 1,74,000
Premium less reinsurance 7,48,000 5,94,000
Commission on reinsurance ceded 26,000
Commission paid 1,24,000 1,02,000
Management expenses 1,72,000 1,36,000
Reserve as on 1-4-2019 4,20,000 4,80,000
Additional reserve on 1-4-2019 1,20,000 20,000
Claims outstanding on 1-4-2019 48,000 22,000
UG-171
Premium outstanding on 1-4-2019 52,000 34,000
Depreciation on assets - 72,000
Loss sale of Investments -7 16,000
on
Audit fees-7 26,000

Directors fees -{ 72,000
Interestand dividend on investments -7 1,26,000/
Additional informations
1) Premium outstanding on 31/3/2020, fire- 60,000 marine -7 30,000/-
2) Claims outstanding fire -7 92,000, marine -7 34,000/-
3) Reserve for unexpired risk to be maintained at 50% and 100% for fire and
marine insurance respectively.
4) Additional reserve for fire to be kept at 20% of net premium and for marine
10% of net premium.
Prepare Revenue Account and Profit and Loss Account.
2,00,000 1,74,000
7,48,000 5,94,000
bbaibcoood wod depe 26,000
1,24,000 1,02,000
1,72,000 1,36,000
1-4-2019 EReD 4,20,000 4,80,000
1-4-20193 s s o ETeD 1,20,000 20,000
dba caoieb (1-4-2019) 48,000 22,000
t o s 2eavotbo (1-4-2019) 52,000 34,000
bes ste -
7 72,000
UG 171
aeadao sroed s-7 16,000

sa sbene-7 26,000
Dderd ab- 72,000
xeadod sbeds wa x) enUEAS -71,26,000/-
nio3rieb:
1) ndacbs aaobo31/3/2020totb tie-7 60,000, z - 7 30.000
2) ed
adbs d taod-7 92,000, o - 7 34,000/
3) s x n a t s d asen ios Dio sbes i s a 50, a o osb s r s aso 100
4) o aTeD tiod ibri dss 20, sbeds oii sso10 TOa
8. The following are the balances extracted from the books of Jayan Life Insurance
Co. Ltd. as on 31/03/2020
Life Assurance fund (1-4-2019) 14,70,562

Premium 2,10,572
Management expenses 19,890
Consideration for annuities granted 10,620
Dividend paid 20,000
Fines 92
Annuities 29,420
Claims by death 79,980
Claims by maturity 36,420
Commission
26,451
Interest, dividend and rent
55,461
Income tax on interest
3,060
UG-171
Surrenders 21,860
Bonus paid in cash 9,450
Preliminary expenses 200
Claims admitted but not paid 80,034
O/s Premium 2,500
Stamp on hand 400
Annuities due but not paid 22,380
Government securities 8,70,890
Mortgages Loan 3,09,110
Freehold premises 5,00,000
House properties 1,00,000
Share capital 4,50,000
Furniture 20,000
Loans on company policies 2,50,000
Prepare Revenue Accounts and B/s after taking into consideration the following
a) Claims intimated further 5,000
b) Claims covered reinsurance 25,000
Deadbnd:
1-4-2019 do3 ies DbD DQ 14,70,562
badbo 2,10,572
19,890
10,620
20,000
92
29,420
79,980
bG-171 -10
36,420
26,451
55,461
3,060
21,860
9,450
200
80,034
2,500
400
22,380
8,70,890
actabaaurits 3,09,110
5,00,000
1,00,000
4,50,000
20,000
2,50,000
a) z b ñ s z r e T 5,000
b) ab sibo nd~re 7 25,000.
9. From the folowing Trial Balance extracted from the books of Kiran a farmer,
draw up his final account
Debit Balance Credit Balance
Opening stock: Sales
Live stock 2,50,000 Live stock
60,000
Grains 50,000 Grains
80,000
Vegetables 5,000 Vegetabless 30,000
-11 UG 171
Purchases Dairy produce 15,000

Live stock 30,000 Sundry creditors 15,000
Seeds and fertilizer 12,000 Mortgage loan 2,80,000
Cattle feeds 10,000 Capital introduced 4,00,000
Sundry debtors 30,000
Wages 8,000
Rates and insurance 4,000
Repairs and maintenance 12,000
Drawings 9,000
Cash at bank 10,000
Farm machinery 1,50,000
Land and buildings 3,00,000
8,80,000 8,80,000
Additional information
1) Closing stock on 31/12/2020 Livestock 80,000, Grain 7 1,00,000,

Vegetables 20,000, Dairy produce 7 20,000.
2) Depreciate farm machinery by 10%.

3) Vegetables worth 2,000 were consumed by the proprietor.
4) Grain worth 5,000 was given to the labourers as a part oftheir wages.
adbrs Benso
esdoddoeARD: bD&3reb:
2,50,000 60,000
50,000 80,000
5,000 ddoorts 30,000
UG 171 12
15,000
30,000 ords 15,000
12,000 me 2,80,000
10,000 wodov DódoTt 4,00,000
30,000
8,000
4,000
12,000
9,000
10,000
1,50,000
3,00,000
8,80,000 8,80,000
1) amcb tmmb31/12/20200odb: ed ombr80,000, peRNEDT 1,00,000,

Jdaores T 20,000, o ena 20,000.
2) cdboseeadddeorie sieOT Tsde 10% da icbbo.
3) pOeb podoRod3 evadadoerig sridbiood Jdanore T 2,000.
4) 5,000 d qorisa doo oFToñ esd dedoo 7onon dodeDnd.
10. From the following Trial Balance of Andra Bank Ltd.
Prepare Profit/Loss Account
for the year ending 31/03/2020 and Balance sheet as on that
date.
Particulars Dr.() Cr.)
Paid up share capital 10,00,000
Money at call and short notice 4,00,000
Reserve fund
2,50,000
Cash on hand 5,00,000
Cash with RBI
2,00,000
Fixed deposits
12,00,000
13 UG-171
Loans, Cash credits 15,00,000

Investments 2,00,000
Borrowings from city bank 3,00,000
Pension fund 1,00,000
Unclaimed dividend 50,000
Furniture less depreciation 80,000
Premises less depreciation 3,20,000
Rent 10,000
Interest and Discounts 6,00,000
Commission received 60,000
Salaries and allowances 90,000
Interest on deposits 3,10,000
Audit fees 8,000
Directors fees 7,000
Depreciation on Bank property 9,000
Printing and stationery 4,000
Other expenses 2,000
Profit and Loss A/c 1-4-2019 60,000
36,30,000 36,30,000
Adjustments:
1) Provide 7 5,000 for rebate on bills discounted.
2) Provide 7 22,000 for bad debts.
3) Bills for collection on behalf of customers 50,000.
4) Provide for taxation 4,000.
eD doay sospsog 31/03/2020 Tooan JadoOA:

adors ()
3 3 d sedo wotsso 10,00,000
4,00,000
UG 171
2,50,000
5,00,000
RBI O did 2,00,000
dedd 12,00,000
mortb, srido evado 15,00,000
axoadr 2,00,000
3,00,000
1,00,000
50,000
80,000
3,20,000
10,000
6,00,000
60,000
do sod 90,000
oesrd dbeed wa 3,10,000
8,000
7,000
9,000
4,000
2,000
enty ab sa an3 (1-4-2019) 60,000
36,30,000 36,30,000
aorddrieb:
1) sboars abes 7 5,000 bodpod3 dh.
2) Bd DeNeon 7 22,000 ea.
3) eadd doon rorarev oreb 7 50,000

4) 3orinon d h T 4,000.
15 UG- 171
11. a) From the following information of People Bank, calculate rebate on bills
discounted, the accounts are closed on 31st March 2020
Date of bill Period Amount () Rate of Discount p.a.
12h Nov. 2019 6 months 25,000 6%
5th Jan. 2020 4 months 40,000 8%
8h Feb. 2020 3 months 15,000 9%
16h March 2020 2 months 10,000 7%
& o zatetozd anisdohooc tenrtd abedoodnatb8acbbdordbaao.

2oarida 31/03/2020 avdarbaycb.
deeadd ( r
12h 0 T 2019 6 8orebrie 25,000 6%
5h s o 2020 4 8orteortes 40,000 8%
8h easo 2020 3 8orisorie 15,000 9%
16 d n r 2020 2 8ordoriss 10,000 7%
b) Mr. X sold 50,000, 12% debentures at 95 cum interest on 1-7-2013
Brokerage 2%, date of interest 31s March and 30 September. Calculate
sale price of debentures and Journalise.
e 1-7-2013 tincddees 2% a dmod31e ansF be30se dpeo
T 95 232 s3 50,000, 12% aiodore apon33narddb. weadrid adnD
No, of Frinted Pages : 16
Illliiltilillitil ililrililrffi iil
GN-344 31
V Semester B.Com. Examination, December - 2OL9
LL7
(F+R) (CBCS) QA16- 17 and Onwards)

COMMERCE
5,5 : Elective - I : Advanced Accounting
Time : 3 Hours Max. Markt
Instntction : Anstuers should be uritten completelg either in English or in Kannada.
aq'orl-o/stcTroN-A
5x2=1O
1. Ednd dn$rmddo eccb erud-dd.rlari er.)90&. 0e n0 eJgddd ndu$ "icdd+:.
Answer ang fiue sub-questions from the fo11ov.ing. Each correct ans\\'er
carries two rnarks.
^:-.- ,.---- -'. lî.^-. - +.- .^..:-16?
la] *'-.-=' r.-r.., :-*;',;-l*, t: :-:_:^* ;:*+ i.'-:;- *iiq --*-.---
l\'l-i\:/a*. !--i*^,'
': --.. R-
.\'{ention four special features of Accounting for Banking Companies.
(b) a;,cc d3o$rld &o$ogso 6.003}. 1949d doz*ed-17 (1)d wdlo6rl#-td ggi.
State the provisions of Section-17 (1) of the Banking Regulations

Act, 1949.
(c) d:doarl$ &,:eie.:r aodde$ ?
What is Catastrophe Reserve ?
(d) :rcdrods &&ri ioa.roQ,Rrdod udQ tu€dd srddrrl$ Dreie:: ooerrdd odF geA.
State the meaning of Reserve for Unexpired Risks with regard to General
Insurance.
(e) deodald d{*{F odd: aeodrl$&d erugee}:r.

Mention the two approaches of Accounting for Price Level Changes.
P.T.O.
GN-344
Iffiililililtil iltil]]t]ltlllt
ifl {A atut*o^:Erl$ ersdiDaso$ odd: wdedds$* e;do$o,

Write two objectives of farm accounting.
(S) d.oGdo$ oarCoerid dfoo, aodd 0ede$ erdrrxbao !
What do you mean by fair value of an investment ?
Aryorl-DISECTION-B
Esnd otnd,loodda dlJo& dg,lsri ngoi,. =g ro 'r;=;f 6 go;rv:. 3x6=1g
6 marks.
2. 31-3-20t9 ii Eoddro$r"i a&r6 6:oGnv 5L-,5tr
=le - :;-:.)3 =:=*i:}:5.
drod3
d:oad$ oo"od erdQ (8oi1$d$9) ?rq dd (aoarE de.)
13.1.2019 75,000 4 8.5

09.3.2019 60,000 3 8.75
L6.3.2019 40,000 2 9.00
calculate Rebate on Bills Discounted for the \.ear ended 31-3-2019.
Amount Rate of Intere st

Date of the Bill Period in Months
t% p.a.)
13.1.2019 75,000 4 8.5

09.3.2019 60,000 3 8.75
16.3.20t9 40,ooo 2 9.00
GN-344
Itllilililililffi ililtl1tll]lllt
3. SSnd dm&8rleod 31.3.2018dd d.,odriood ddrd* qodd$+ dodr&co3:od ie.:raoh

--J^,-J- J^J-eo
ktui;
,.i. a)L'9L\-P..\J. *gL\-DuUtu.
c^JcJ(Jl lv.l
..J^^qJ
iJUUi,JO
rj C),NU.JJ:
--J-
rtoeQ 89,000
add
J
aeesrl$c 14,0O0
dBrl"oarddq;b 16,O00 1,19,000

2..)
$OeOrisb :
zgdd e3eesrtcji 12,000

J
.t+1 n" \,t,+.i\

U^JI Lsa UI lW 18,000 30,000
:J
1,15,000
*:.*--* *r]-*- i:i.:;,* 75,000

='-e:-
t..i
-i ^. c ^-. 7,92,OOO
Ifla*J* *|!'-,
g-. xo5 c$eJ.oei1ii, ?Jq&d , \lcrf(J 15,000

=;:,:=
as-od)a"6r19n areaoh u9&d ood. 75,000
d.1
oJ
o$osrl$ a:eod iddg 3,ooo
6pl-J& Gtosn$ d)d:r a)23:r 50,ooo
ero€d) oaxodb
J
:
x Aah
r |J9\1y' 60,ooo
zrdd zrerrlq;t> 10,ooo

J tt
*++ ^" riiatr 83,000
(Jrr Uo6-l (Jr IVJ 13,OOO
ei
I
I
P.T.O.
GN-344
Itililrilil il ililtilff ]ltlllt
From the following information prepare Crop Account to find out the profit
made during the year 31.3.2018.
Particulars {
Stock :
lOpening
I
I Wheat
I
89,000
I Seeds 14,000
I
I
Fertilizers 16,000 1,19,000

I
lPurchases:
I
I seeds 12,000
I
I Fertilizers Lg,o00 30,000

I
lSd".y paid in cash 1,15,000

Wages pa.id in wheat 75,000
Sale of wheat 7,92,OOO
Wheat consumed by the proprietor 15,O00
Grains consumed hy livestock section 75,OOO
Depreciation of farm machinery 3,000

Repa.irs of farm equipments 50,ooo
Ctrosing Stock:
Wheat 60,ooo
I
Seeds 10,000
Fertilizers l"3,ooo 83,000
j .udt).!lt 1
GN-344
I tflilt ilIil ilr llill lilr llll lll
4. 6ir dttr tdo do. O. ddd 31.3.2019dod d.odrlood ddrd* ioeooq:rd d$nd
iab-?d9cC tr$ioC-4 dod aod3,ld gio3.oerdrl$ d.ogd$i Eod&Eo9cO.
q-)J.)aJ-
c^lcJ(JI l\,'\,
7,90,000
;odr
'---v' ioaJ&tudood)ootod
--6----- odo d.oeodrlsb
- amd8 doad)o
50,000
sroE etD9d roo{ ioq3etuqoocbootod ado doeoErlst (1'4.2018 dO)
3,60,000
o60 d))6oo$Ao6
rj 4D6,3 6roao aaIo iioeOfnqr
draq 80,000
ffid)edD dod)rl$dr, aodg
5,00.000
daaridd$d>* Oedor Aedotud 6ede)
<--?<-F+ 2.90,000
a/l\<,i ^]aJl l':,'a*. l^.3 3\rii'4l*
--{o-e+.
1,20,000
m9;;rc =qi.o #"roso EE€&q
dctd{ 99,400
;;rrmn @dgiii
31.3.2o19 do* dndg da3d dob.9 :
(a) zm3 errr9d md io$eA{ood:omd adro d.oeoEzlSc < 65,000.
(b) $cb,)*ri rsdq ;od ioeiel{oodloo5od adro EoeoErl$c < 90,000.
(c) m$ dorie:,qood>c€,rod ,DdF d.neoErl* d>dq 4rodddq ,}rsud < 20,000.
(d) $roeddo3ad d:gq adoa3oed{$+ edodod>rlgrl dadrLogsrd,aodq.< 12,000.
(e) aod8dodzierod eldl"ilo0$rl$ uSrdreo dfoe.:, < 10,000.
P.T.O.
GN-344 6
Iffiiltl]ilrilililtliltillltilt
From the following information relating to Deeptlri Life Insurance Company
Ltd. for the year ending 31.3.2019, calculate the amount of Benefits Paid
as per Schedule-4.
Particulars
Claims-by-death paid 7,90,O00
Outstanding claims-by-death ( 1.4.20 18) 50,000
Claims-by-maturity paid 3,60,O00
Reinsurance premium pa.id 80,000
Consideration for annuities granted received 5,00,000
Annuities pa.id 2,90,O00
Surrender value of policies pa.id 1,20,000
Additional information as on 31.3.2O19 :
(a) Outstanding claims-by-death < 65,000.
(b) Claims-by-death covered under reinsurance ( 9O,OOO.
(c) Further claims-by-death intimated < 2O,OOO.
(d) Further bonus declared in reduction of premium < 12,000.
(e) Surrender value of policies payable < 1O,0OO.
5. geoS:Dd osDsc dd& e^:Q-n&daod < 1,8o,ooo, dfoe;rd de 1o d iroro zroo@rdgd)d
1.3.2018dod: {98 dod sDoeo doBogd. dr ioaofi edcb d:cogoE dre.:*de 2.5,
dorio3lon de. 1.5, d*e dro* de 2 sqrodoab dre.:* (2o0 i1g$4 $z3:r doaqd.
5ie ddr 3o de d{oa^t(f &d) 31 de doztrr doc$ uqdr doed# dodenrbdd.
dree.r*od do&Eoerod iroro aJood)dg $oeO dqd6b4 dodrb@ogco.
Mr. Likhith purchased < 1,80,000, 10%o Government Bonds at { 9g

(cum-interest) on 1.3.2018. He incurred stamp duty of 2.So/o, Taxes L.So/o,
brokerage 2o/o and legal charges ( 2OO.
Dates of interest declaration : 3oft september and 31"t March every year.
Catttifate the cost of purchase of Government Bonds.
, 6. deocbgd erQood ei+$o$at erdrd$u 0eE. deodagd er@od eitdgo$o$ otngooddo
&sr $Dqedrl9$* ep&.
Give the meaning of Inflation Accounting. State any four objectives of Inflation
Accounting.
cN-344
Illlilililllttil ililt]]tiltilr
a?Iod-nlsEgrIoN-c
d$nd otn$ooddo dl,o& dddrleri w{oP.r. de no etuqd{ 14 erodds;b gxr442
Answer any three questions from tJ,.e following. Each correct answer carries
14 marks.
7. eE.. &tro-.od e)alt3a"ii *ouo'Q:.,a dsnd so€ dt3, oorlo-.add dob.grlgod Odod
ASioS&t duod 31.3.2o1e E+ aodrfracld dd?{ end-d{ and aailo erq.od
dg8o$ doirooxJ.
e$e6 Co
qJqJ(JI I\,,.J
dedr uodaa$ (gie deori 10 dod) t 10,00,000

uoide^ld
a
aDetre,:r 0Q 5,00,000
deJo$gd ddd) 3,O0,OO0
State Bank of India &od ddd xjoe 3,OO,OO0
a3:Dde drd: ioa3d dededd$ 7,0o,ooo
OJ
zro0 andilct 3,50,OOO
trg@o$ mecd dedstrt$ 4,50,000
rE 5r= =i-=d is=o:,c_ 7,15,000
=-€a r!r- 3,OO,OOO
;Eirr-sa =Eii ine a,{9.€sti6[EiTst 2,ffi,W
bae
t--
sa i,e;soo :ts, 30,000
.Ecaflls EsGts6ocD6 csed
t !
10,000
Sdda
c{
dmt3d zmBit 3,000
drordd $e.:* 2,OOO
dededrl$ dree)d ala 1,55,O00
0drdmo daJri$b
u 4,OO,OOO
d",o$Q
o6
e,DqOcbd dtogodrl$ 3,OOO
d:oadS dsodd (d>od) 1,50,000
duorld, drldr me.: drdr eo€d$d LL,g2,OOO
fi6"ro ddJoadrl$b 8,OO,OOO
dodo,,t^ldrlgio, deo as€lod o$ogfi*t aarlo dodeo o3logirl$c 4,00,000
eroô$i1$Odd
D6
diie$ 1,50,00O
&o?SsE 0e 50,000
41,10,OOO 41,1O,OOO
dEdo dn8o3 :
I (a) dro6d9 dtrod#il$ d:ee)d oo3mocrgnoR < 12,000 tuei0a.
(b) eldldooa{d c$sdil9ri driOdaieaod .)reie.:r < 25,000. "...tta
(c) a,q rodd.oded < 15,000 eroa,Saofrr €ro?,Jd dQd eedoF aroE eruead.
(d) iroro doBddd d:ee3 ( 5,000 uQ ioa3daoftd.
P.T.O.
cN-344
Iil1ilrlilllil|ilililffiIllll
From ttre following trial balance and additional information relating to Lakshmi
Bank Ltd., prepat" Profit and Loss Account for the year ended 31.3.2019 and
Balance Sheet as on that date in prescribed format.
Dr. Cr.
Particulars
Share Capital (shares of {10 each)
Statutory Reserve Fund
Cash on had
_t
3,00,000
10,o0,oool
5,00,0001
-l I
Borrowings from State Bank of India _t |
3,00,000 |
Fixed and Recurring Deposits I

7,OO,OO0]
Current Accounts I
3,50,0001
Savings Bank Deposits 4,50,000
Interest and Discount received -l I
7,15,O00
Buildings 3,00,oool
Safe -Locker and Furniture 2,60,000
Commission and Exchange 30,ooo
Profit on sale of Investments - 10,000
Locker Rent 3,000
Transfer Fees 2,000
Interest on Deposits 1,55,OO0
Operating Dcpenses 4,00,000
Stamps on Hand 3,000
Bills Discounted 1,50,000
Loans, Cash Credits and Overdrafts 11,92,O00
Government Securities 8,00,000
Computers, Counting lVlachines and Printers 4,00,000
Cash at Bank 1,50,000
lP"rr"ion Fund ,o,ooo
41,1O,OOO 41,1O,OOO
Additional Information :
(a) Pro-rdde < 12,OOO for rebate on bills discounted.
(b) Provision required for doubtful debts < 25,000
rd l*A claim of < 15,000 for bonus to a clerk is pending award
(d) Interest accrued on Government Securities < 5,OOO.
GN-344
g-ov
6{ dsrl Oeadrdc$ 31 de droafr 2018 dood zFodd ded DdJo fcdd[Jo$
-ir 9
c^rc^Jl '
il$s6 I d0
sddildc
rlr 12,00,000
J^J-
, u(,9c^Je'r/
atL\l ^.^*:ol
,*ad€J
.oJ: a3rdrdooevo$frigit tuei6t3, OQ 1'4'2ur / ooo) i 8,oo,ooo
10,00,000
iroro,r' doadrtq)
erP.irts dDoouiaooad soqJ
| 2,ooo
:-9'
i# a\a*ziqJ e.pPlrJaa dA6?80 StOd
- I 1o,ooo
dgdo Ad1 60,oo0l

ffi
_._-.--_-_14
o 0ro d-OdD -d,oe odrtsir a-o
,o=<n ;israa$Dod-&do-d'oeOdrtq;b aadgdJoadl 1.00,0001

5,60,O00
I -r - 1tîtl
' .
- :,.
,f,ri-r
,-l .:,i,'-
5.600
24,COA
25,000
drp* $SF il,
3,0O0
roz:dmd sdd noE edd uq
2,80,000
adlo dodrricl)
d gd;. 6,000
s d:ra -*.roe Dd rt$tJ s" a&a od d;- q: d ow d'9 h
,** 20,0o0
--J J-- LQ, --rE).\
g)G)^cJF
.o-o, cAJ-\/-c
50,000
dmorddri$&. &ede.ll ddd 5i8$e.l
70,ooo
sra. etoatrood d)d)- eIoaii &e6od
3,000
.ledoedddeo dree)d ddE9
54,000
erd9aodd 6"r(o rodmd"* sDt^*:rileb
1,68,000
I
24,2316O0 24,23,600
31de dJoz.f f 2OlSdoAd d€drtra$.d dCrd*

er6Eo5l svod mrio s 6modd er@d
J dJ^r-<-
(r\
wjlol,\r,cl' iaisF.9, d'
^ru\./
P.T.O"
GN-344 10 llll
I llllilI illll lll lllll lllll llll
Following is the Trial Balance of Indian Life Assurance Society at 3l"t March
2018.
Dr. Cr.
Particulars
Share Capital 12,oO,Oo0
Funds for future appropriations on L.4-2OL7 8,00,000

Government Securities 1o,o0,oo0
Profit on realisation of assets 2,000
In'.ze stment fluctuation A,t c
10,ooo
Claims under policies bY death 60,ooo
Claims under policies bY maturitY 1,00,000
Loans on mortgages 5,60,000
Loans on policies 3,00,000
Freehold propertY and furniture L,03,0oo
Agent's balances 3,600
Sundry creditors 5,600
Outstanding premium 24,OOO
Commission 25,000
Interest accrued but not due 3,000
Premium 2,80,000
Claims admitted but not Pa,id 6,000
Surrenders 20,ooo
Consideration for annuities granted 50,ooo
Interest, dividend and rent 70,000
Depreciation on furniture 3,000
Administrative and general expenses 54,O00
24,23160,0 24,231600
prepare Revenue Account for the year ended 31st March 2A1B and Balance
Sheet as on that date.
11 cN-344
| iltill llllil lll lllll lllll llll llll
S" 31ie ;iazfr 2OIg doOd sadddef ;;odeoSr.ldro 6o. e. d 39nd &o:.rl9od
c r J-
(a) /1. JJJ (f(rrjq!
---^J- ^-.J
aJc-g
(b)
{c) Ea#-d{ a:odrl*d:* do$oon.
sJ$)(Jf I\/J
e\ ad) _JJ AJ.
Arga)Q eJql,
i*q<-
:i):, cJ9eN9 (ACJ
o --a/-
,cJJc/ d ntsf z?pir
O.Jcrt v o, lt/., 1,00,000 87,000
-<
ild:ed: ddd doddd Ddro dod:dSc 3,73,000 2,97,AA0
suudJori ild)e$d$ d:eod dePp 13,000
J-r
{nto q)-sJ@9U(,
-)+<1
o -g-a.J
eJJ.}Jl lv
J\..6.r
q"lJt \-/CJ L, Ji v 62,OOO 51,000
U
6-J o$r 061 6mo a,aj:r rt$l 86,000 68,000
ertur1* $e0d trdd9 36,OOO

J
^c J---
CoJetgO(\V;L:U:-** - :-^
-- 8,OOO
-
13,OOO
36,OOO
63,OOO
2,10,000 2,4A,OOO
dqdo sreisr CIQ 1.4.2018 docl> 60,000 10,000
_ J- 11,000
rL:. r.9;&! UJr-ioe (- i!})JU ii,eeoiiri$t 1.4.20 18 dodo
----a--- 24,AOO
z; dzjeaa d,)dodod:rl$r 1"4.2018 dod: 26,OOA 17,000
9-JJâ J^J-n< i-9 ?! aroJ - I qî-a

6\IOJC.9 @(,5JeJU c^.uv@{rL}.lJJc, ^JqP .rqJ.ww
,O .
?J
(a) zudcemd edmdod:dst gt "3.2019 dod: 33,000 15,000
(b) aod'Sdmdaiemd &dvo *:aeodd*o 31.3"2019 do6$ 46,OOO 17,O00
(c) d)d)ed)*rs doxo*d effo &oeoddsr 11,000

(d) ulr,
-'d .)drri
-"---' ioaloQ&dod edQ &edd erdeb-rlt; r
&oeis: QQo$sr,n ed.$
oj
edJo
*eei:ng de 50 ddg, u-0fi"o ro!fid &"$d xjoDoQtrdod 0{9 Cdco dod:d$ de 100
--=?r ?r{,2{r
-,-?-9 qJ/\,\Jsdre"^r.
J -e. a.cUa
(e) u\ lcld xozJoQ,xdod dzq6o aDexer oQo$&\ 0*# ecF dod:rls Ee 2o

d*), !ir&$d;d:.
roofid e"hri "louoQ,trdod dqdO &cede;: OQo$&4
b c ed cd o$e er!9tuAn$idc$.
{f} 5i-A31{+ 5::5 Xo?,3usi6 ilA T 13,000.
P.T.O.
GN-344 L2
ilfl lllllilllilllllllll
From the following balances of National General Insurance Co. Ltd. as on
31"1 March 2019 prepare :
(a) Fire Revenue Account

(b) Marine Revenue Account and
(c) Profit and Loss Account.
Fire Marine
Particulars (
Claims pa.id 1,00,000 87,000
Premium less reinsurance 3,73,000 2,97,AOO
Commission on direct business 62,OOO 51,000
Operating expenses 86,000 68,000
Depreciation on assets 36,000
Loss on sale of investment 8,000
Audit fees 13,000
Dire ctor's re murr.e rati on 36,000
Interest and dividend on investrnent 63,000
Reserve for unexpired risks as on 1.4.2078 2,10,000 z,+o,oao
Additional reserve as on 1.4.2018 60,000 1O,O0O
Claims outstanding on 1.4.2018 24,AOO 11,000
Premium outstanding as on 1.4.2018 26,OOO 17,000
The following a<lditional information is also avaiiabie :

(a) Premium outstanding as on 31.3.2OI9 33,000 15,000
(b) Claim outstanding as on 31.3.2019 46,000 17,000
(c) Ciaims covered under reinsurance 11,000
(d) Reserve for unexpired risk is to be m.aintained at 50% of net premium

for Fire ancl at i0O% of net prennium for Marine.
(e) Additional reserve with respect to Fire Insurance is to be maintained
at 2}oh of net prernium. In ca.se of Marine Insurance retain the same
additional reserve as that of previous year.
(0 Interest accrued on Investment { 13,000.
13 GN-344
I ilillt ililil lll lllll lllll llll llll
10. itdeflC, e,e. E& dDoeddr, qd& udhtud:t dvaod ood d$o3)oC 3lde dna'fr
2otg *.. *o#*-6*co; ddrd* oo.ilod mrlo enzi-dt s:od J>E = Odd o6"d
o-i^r.U--
*3J+i*.
- -l^.
vr-^-iEe&.
s$t6 KJN
rrdozpd crosoidJ :
zrod:dJO&rl*t 5,90,OO0
q9q 60,000
))-
eue! ^^-J
(TOcrJU 25,000
dirlne,rdzlsb 22,OOO
,l
lsRq) .
uJcJ Lrc, w .
6"q)) aa.6o^4. 3,04,00o

6l:l
a9 5,26,000
aso$Eodrtsjc 90,000
alsaA*ol- lY,
!U\Wl .
.
a-ii:md:rist 1,16,000
*-i
v;rl ^^.i**\.rl l\,'-
Uc(- I -. {lia 0
l. t,rilti-t
-
58.000
1,13,000
10,52,000
SBI em*o8Ood ddd d".,4 noe.> 6,60,000
+xtt\ tcuoQ&C a)23:rrlqb :
iNgv
arc1 72,AOO
edd ded $23:rrls1> 8,0O0
aro$6"dcrl9ri ioe"loQsrd sDz$rrts;t) :
C nrc1
N9V 75,000
z3Sao, dz$- 9,O00
d.drrood $z$r 15,000
deddqd rodwd- aDz$rrlqtl L,2L,AOA
3,60,O00
dou 8,00,000
JgJit^^t:t
e;LJ
+-J
s.IJ.J 2,00,000
d",d9,d drd-l zo",oEdqd drld) 1,65,000
27,46'A0,0 27,45'OOO
P.T.O.
GN-344 L4
r llllilI fiill tll illll lllll llll llll
d,.ooaar-rdilgo :
(a) uoBdl mxadr : zrod:amdlddl ( 3,50,006, dg < 75,000, ddr eYmad

< 30,000, dnd.rau.drlqb < 35,000.
< 30,000 dq dg oarln < 25,000 od: me":$. anne&C mlr,t erdd d:ulou
d
(b)
Xog u5)emefi 6 ?J S:Ji3raoad:eld. j
=:r*-E oi
J- ^^2
(c) B",fdd;:eeJ mard dl ar 20 ;ldah
J^
""Y cd <.m53r
g,tl&.3il
='is 6;rlc d,oe c^t cJi Ji 5J(5
-Q a{r
ult J lt,i
?i 10
o5)q-]Xd6V eruteL^n-o9xJd)d.
a
(d) ;ar* *rado$g ircrdg roe d)&+ eineetdo,bq T 1,50,000 drc me;-:..
J-- --r-AJ
cJ.lcJu. i^!9usLJ"
(e) r:au-*C:.ro* uC d:eei rod€ie>: ?ae Edi# dr&;ioe-:d d:eOd u&;-ee
{ 12,000.
From the following Trial Balance of Nage Gowda a farm o\,trrner, prepare a
Trading and Profi.t arrd Lo** Account for the year ended 31st March 2Ol9 and
a Balance Sheet as on that date.
Dr. Cr.
Particulars {
Opening Stock:
Livestock 5,9U,UUU
Paddy 60,0u0
Cattle teed 25,OOO
Fertilizers '2',2,OUU
Sa1es :
Milk etc. 3,Ur+,UUU

FAddy 5,2b,UUU
Livestock 9U,UUU
Purchases :
Livestock 1,1b,UUU
Fertilizers '2 /,UUU
Seeds I2,UOU
Cattle feed 68,000
Creditors ,13,oUU
10,52,OOO
Agricultural loan from SBI 6,60,000
-apital
Crop expenses :
Labour /,2,OUU
Other direct expenses 8,000
Livestock expenses :
-Iamur 75,0O0
Medical expenses 9,OUU
Darry expenses l5,uuu
Indirect General expenses I,2I,UUU
Tractor 3,60,00u
Land 8,00,uuu
Farm House 2,O0,0O0
Cash in hand and at bank 1,65,OUU
27,4S,AOO 27,45,044
15 cN-344
Ill]iltlil]il ililt]1ililtlllr
Adjustments required :
(a) Closing Stock : livestock < 3,50,000, paddy { 75,000, cattle feed t 30,000,
fertilizers < 35,000.
(b) Nage Gowda and his family have consumed paddy < 30,000 and milk
< 25,000 out of the farm.
(c) Provide depreciation on tractor at 2Ook p.a. and 10% p.a. on farm house.
(d) At the end of the year the government has waived < 1,50,00O agricultural
loan under a Loan Waiver Scheme.
(e) Interest still payable on agricultural loan after waiver amounted to

< 12,O00.
11. ged:e a"OO ddd> fre&ro" Otu8ce dg $)sDaieJ < loo dod doa8 doad>d
de to d saoddfid dlobeo$$. * Eddodod Oead:oo!.
01-03-20 18 < 98 dod zJq-aaod 5OO modgfi9S4 eDoeoBqond
o1-o7-2018 < iOO dod eoQ-A&daoA 400 xooCgrl#${ Coo,oe":ilroCennd
01-10-2018 ( 98 dod elQ-ibdaon

G.-"a
150;oe;dd,ri*ii, $OeO:ie;oAd
o 1- 1 1-20 18 { 99 dod uQ-&bdaan

Ca2.{
500 modd,ilSrb, CooouitmdsD,o\d
Efe Cdr 30d{oa:d

6od"o 31de d:aafr doc: 6,9ofr9rirad:u uQoi:d:* dao*zrod
or--J-)J
c^!:-
-,-6 ged$g ryoO& ddcb JJ-
09 --:"JecJ9^Vg, \J9cJ.
Jo ))-r -2- ^--).-)-
erNb tj,e c,JrAF CJ :Jrd,,tF O UOs,(trU/)Ycr,
6n
oanod 31 de aXoioori dr:rooJr
JJ
dcodrod. €B"atng *reO 0edsorbd sle,S:rrl$$,
qlrJO 31 de Bdoad 2018 dod d;ed 394,C Eo$d3.dd *rDdd* d&s^ { 99
AoFS:,.
eJROd).
o
FIFO *qgo$${ er$ioa g,ed:8 ry000 ddd ddd drrEd$q d,?6E s,rodc$d), goJDo:J.
di ioa.lo6 ::* gE?"rDoripJo 69dd d,cn:*: dSeE {boJ;-rroeJ6)d.
P.T.O.
GN-344 16
ililtiltililtil]t]]ll]
I |llilil
Mrs. Shalini f,urnishes the following details of his inr-esrment in lOo/o

Dehentures of { 100 each in Famous Ltd.
01-01-20i8 Cpening Balance - Face Value { 1,20,000. Cost {1.15.000
01-03-2018 Purchased 5OO Debentures ex-interest at ( 98

ot-o7-2018 Sold 400 Debentures at t lOO ex-interest
0 1- 10-20 18 Purchased 150 Debentures at { 98 cum-interest
01-11-2018 Sold 5OO Debentures ex-interest at ( 99
Interest being credited at 6 months date on 30th September 31" 1,1-:::- =-'=I,'
year. Mrs. Shalini closes hrer books on 31*t December e\rery- l,-ea: -=-:--:e
brokerage the transactions. Market value of the said Deben:u:: -:-- : -'
December 2018 was { 99.
Shorn, Investment Account as it would appear in the books of ],i:s i ' nr
under FIFO rnethod. Calculatir:ns may be made to the nearest i-*::- .:-'.ê.
-oOo-
ss - 499
lllllllllllllllllllllll$lllllllll
5+
November/December 2018
--
V Semester B.Com. Examiilation,
(F+R) (CBCS) (2016 - 113nd Onwards)
COMMERCE
5.5 : Elective Paper - I : Advanced Accounting
Max' Marks : 70
Time : 3 Hours
: Answer shoutd be written either in Engtish or in Kannada'
lnstructions
SECTION _ A
.1. Answer any five sub-questions. Each sub-question carries two marks' (5x2=10)
a) Give the meaning of Reversionary Bonus'
b) State two advantages of lnflation accounting'

accounts
c) How do you treat the following in Bank Final
1) LJnPaid dividend
2r lnterest accrued on lnvestments'
cr Expand IRDA.
t State two obiectives of farm accounting'
f)r"Jhatisex-interestandcum-interestofsecurities?
E) Give the meaning of Gearing'

SECTION _ B
question carries 6 marks' (3x6=18)

Answer any three questions' Each
2. Write shorl notes on the following :
a) Non-Performing Assets'
b) Classifrcation of farm activities'
c) Rebate on Bills discounted' P.T.O.
ss - 499 -2- Illlillfl ililtlilililtilltllll
3. While preparing the final accounts of t'janking company under which schedule
the following items appear:
a) Locker rent
b) Demand deposits
c) Bills purchased and discounted
d) Tax deducted at source
e) Liability for partly paid investment
f) Salary to employee.
4. On l"tApril 2012 Mr. Rajesh holds 9OO, 12o/oDebentures of a company of
face value of t 100/- each at a cost of T 1,20,00A1-. lnterest is payable on
30thJune and 31.t December every year. On 1'tJun e 2012, 300, such debentures
are purchased cum interest for < 40,2001-. Prepare lnvestment Account as on
31-3-2013.
5. From the following figures, prepare Revenue Accounts of Blue Diamond

lnsurance Company for the year ending 31't March 2014.
t
Premium 10,25,000
'1,08.500
Claims paid
J AF
Fines for revival of lapsed policies I.Z1U
Bad debt 1,800

lnterest, Devidend etc. 4,54,000
Consideration of annuities granted 32,300 ,
. ili'
Life Assurance fund on 1't April 2013 8,20,000

Commission 24,200
Bonus in reduction of premium 6,300
Annuities 26,300
Surrenders 61,250
lncome tax paid 84,000

ss - 499
I llllllll lllll lll lllll lllll llll llll
popurar rnsurance
net premium forthe year ended 31.rMarch 2017 of
6. carcurate
Business.
Fire Marine
t t
10,35,000 22,20,000
Premium on reinsurance ceded
7,75,000 15,10,000
Premium in reinsurance accePted
42,20,000 64,40,000
Premium on direct business
2016 14'85'000 48,18,000
Reserve for unexpired risk on 1't April
d al4O"/" and 80% of net premium
Reserue tor unexpired risk to be maintaine
toi tire and marine lnsurance respectively'
SECTION -C
(3x14=42)
Answeranythreequestions.Eachquestioncarriesl4marks'
Bank Ltd' as on 31't March 2012'
7. Following is the Trial Balance of Royal
Particulars Dr' Cr'
tt
2,60,000
lnterest and Discount
6,00,000
Share caPital
3,00,000
Reserve Fund
8,00,000
Deposits
5,60,000
Gift cheques
1,00,000
Pension fund
75,000
Borrowings from Banks
25,000
Unclaimed Dividend
20,000
Rent
50,000
Commission
ss - 499 -4- I lllflll flil]lil lllll lllll lll
P&L A/c on 1-4-2011 40,000
Bills Payable 10,000
Buildings 2,50,000
Furniture 40,000
Cash in hand 2,75,000
lnvestments 1,75,000
Loans, cash credits and overdraft 11,40,000
lnterest on Deposits 1,75,000
Audit fees 10,000
Salaries 50,000
Depreciation 7,500
Non Banking Assets 1,00,000
Other Expenditure 7,500

29,40,000 29,40,000
Adjustments:
1) Provide t 10,000/- for rebate on bills discounted.
2) Bills for collection amounted t 20,2001-.
3) Provide { 6,2501- tor bad debts.
4) Provide T 25,0001- tor lncome Tax.
5) Liabilities in bills rediscounted t 12,000/-.
6) Directors propose 8% dividend.

Prepare Bank's Final Accounts.
-5-
ss - 499
l illlllll lllll lll lllll llill llll llll
from the books of Modern lnsurance

co'
B. The following balances are extracted
as on 31't March,2014'
Fire Marine
Particulars
{ t
2,00,000 1,74,000
Claims Paid
7,48,000 5,94,000
Premium less reinsurance
26,000
Commission on re-insurance ceded
1,24,000 1,02,000
Commission Paid
1,72,000 1,36,000
Management exPenses
4,20,000 4,80,000
Reserve as on 1-4-2019
1,20,000 20,000
Additional Reserve on 1-4-2013
48,000 22,000
Claims outstanding on 1-4-2013-.
52,000 34,000
Premium outstanding on 1-4-2013
Depreciation on assets T 72,000/-
Loss on sale of lnvestments t 16'000/-
Audit fees t 26,000/-

Directors fees T 7Z,OOOF
lnterest and dividend on lnvestments
t 1'26'OOO/-'
Additional lnformation : l
1) Premium outstanding on 31-3.2014, Fire

{ 60,000, Marine { 30,000/..
34'000/-
2) Claims outstanding Fire T 92'OOO/-' Marinet
at 50% and 1oo% for Fire and
3) Reserve for unexpired risk to be maintained
Marine insurance resPectivelY'
of net premium and for Marine
Additional Reserve for Fire to be kept at
2Oo/"
4)
10% of net Premium'
PrePare :
1) Revenue Account'
2) Protit and Loss A/c'
SS - 499 -6- I llllllll lllll lil lllll lfil I
9. The following are the balances extracted from the books of Suraksha Life
lnsurance Co. Ltd. as on 31-3-2016.
T
Life Assurance fund as on 1-4-2015 14,70,560
Premium 2,10,570
Consideration for annuities granted 10,620
Fines 90
Annuities 29,420
Bonus in reduction of Premium 2,500
Stamps on hand 400
Annuities due but not Paid 22,380

Govt. Securities 8,70,890
Mortgages 3,09,110
Freehold premises 5,00,000

House property 1,00,000
Claims by death 79,980
Claims by maturity 36,420
Commission 26,540
lnterest, dividend and rent 52,460
lncome Tax on lnterest 3,060
Surrenders 21,860

Preliminary expenses 200
Claims admitted but not paid 80,030
Furniture 20,000
Loans on company policies 2,00,000
-7-
ss - 499
ilillllllllllllll llllllllll llll llll
Sheet after taking into the following

:
Prepare Revenue fuc and Balance

T 20'0001-'
1) Claims covered under reinsurance
2) Further claims intimated T 4'500/-'
3)FurtherBonusutilisedinreductionofpremiumT5,5o0i-.
4) Reinsurance Premium { 6'000/-'
5) Premium outstanding t 8'000/-'
10. a) From the following information

of People Bank' calculate rebate on Bills
on 31"tMarch' 2016'
discounted, the accounts are closed
Period Amount Rate of Discount Pa

Date of Bill
25,000/- 6%
12th Nov. 2015 6 months
4 months 40,000/-
5th Jan. 2016
3 months 15,000/-
Bth Feb. 2016
16th March 2016 2 months 10,000/-
b) Revenue account of a Life lnsurance co' showed a balance of { 12'25'000/-

on31.3-2ol4withoutconstderingthefollowing:
a) Bonus in reduction of premium { 1'25'000'
b) Outstanding premium t 4,45,000/-'
c) Outstanding interest on lnvestments t 15'0001-'
d) Claims intimated but not paid t 13'400/-'

T 25'500/-'
e) Ctaims covered under reinsurance
f) Provision for taxatton t 15,200/-'
g) Agent's commission to be paid t 5'BO0/-'

adiustments'
Recompute the fund after making the above
ss - 499 -8- r flillfl ililt ilt ililltilil
11. A farmer given the following particulars relating to his firm for the year ending
31't March 2016.
Particulars Dr. Cr.
Purchases
Cattle 60,000
Seeds 6,500
Fertilisers 12,000
Cattle feed 32,000
Sales
Dairy product 1,80,000
Paddy 3,25,000
Cattle 75,000
Crop expenses
Labour 39,000
Other Direct expenses 4,000 43,000
Cattle expenses
Medicines 9,000
Labour 30,000
Dairy expenses 11,000 50,000
Creditors 74,500
General expenses 8,000
Land 7,00,000
Vehicles 2,30,000
Cash 70,000
Loan from Bank
@ B% interest 1,20,000
Capital 4,37,000
12,11,500 12,1 1 ,500
Adjustments :
1) Closing stock
Cattle T 3,30,000
Paddy t 23,000
Cattle feed T B,OOO
Fertilisers T 3,000
2) The farmer has consumed dairy products worth t 20,000/- and Paddy worth
T 10,000/-.
3) Provide 10"/" depreciation on vehicles.
4) lnterest on Bank loan is outstanding .
Prepare Trading and Profit and Loss A/c and Balance Sheet as at the end of
the year.
-9-
ss - 499
lllllillllllllllllllllllllllllllll
ddd qid,s
c( gr.i
Sqnrl -o
-90 erod--gid 2 eodrld':'

(5x2=10)
1. Cndm:c-t 5 ucd--Bdfgri w$ol'
a) E=ii-: *,eeds"d q'drd& ie e'

b) =::=::-d O***tF Cndmdd-t ;dd:
d'oSoerddddle*:''
c)=.gnidrlddlem,osorpdcii:;::j:3c)snddde)-deridodedipgeo?
1) mdsid mqrod
2) zrot'ad:d doat d::ei :::-'
d) iRDA a{0ru
e) 4adf r etDou3of i ;:= =i:ire;ddd:
eeR''
f) a{-"aoudq d:+ =:-: : 'rJf, ;odded: ?
g) rledd erfrrd:1: 3':::"

aqlDd - t3
(3x6=18)
dndmddJ! 3 -'3u-lc;i ';:= ''i' ,21'-I6 eodrld:'
-i::ri r'
2. = sdniddeJ u/;*=5
a i':îl ;'^'-
) tr: * i-rJ1? -- ^::J
-:--i-
3 =.-:..'ri;*=-': =i:i=::'
r a- r\ ^ i- <.'- :-':;-t
- ;*__.:*--: =-J Y *.
dgddo-CDd dqo$o-dOd$icqd ?
3. = ig,rl =:.i\:i-;.;E.:3:n =:=l::: nOgC;
ddd
a) oao zDad.
b) dead dedcd.
c) $oeotud d:Q oo:nc3rg E::3il9:'
d) d:oode)-iiori dadrio*-^;{ =:'
e) qnrld: mdexrd draaddgd a'e#rirod'
0 oaddori dnr,ldoud.
ss - 499 -1 0- ill]til ililtiltililtflil iltilt
4. 1de o.ger 2012 oadeef, uoc> dod0oJ: 900, dedd 12d me.rdgddqdao0&scd.
6r me; d$ e"odd Cr>$ Cei dra. 100/- edd ?"ED,dro.d dto. 1,20,000. "add $eeJ
$E ddr i;oo" 30de aooed: d.>Q adoud 31do# Dc:dradeD&dd. 2012d r.os
ide -oet'docb dro. 4o,2ool- Sdd 300 sao dd,ddfido .aoe3d"{r$oeoioAd.
3 1 -3-20 1 3 d droaE aodo$d1dctio,q,.
5. 31-3-20144o t^l.q {aboo cCrE dodpoS: semo$ aadoJ:d1€i dddod ndddpod

dolno:,.
dJo.
$eil:o$o 10,25,000
dedrdd aodg 1,08,500
ddd: doed Derr Cdd:qeadd: d:e.r, 1,250
ddd> saq:rldc 1,800
zJa@ajrq enzpod 4,54,000
daarid iaooJ:dd dorleod 32,300
xed adn 0Q (1 -4-2013) 8,20,000
^J-J-9 OcSo -9^J
oJcDl' c,JiiJrJ 85,000
24,200
.grJ*o daddo-zloed:n 6,300
J--JJJ.J.
cJcAIdl'ruN/\\/\, 26,300
oorl ?-*
\JLPdc^Jr a aJ 61,250
aadgtrd eJ6C) dori 84,000
6. 31-3-2017docb m{,e;d DCl doiCo1> D{d ge.}:oJ:o ed: e3aa*z:od C>a.

t3o3 iJeIIr9
T
"
t
ab&a& gea:d:o (dmrd#) 10,35,000 22,20,OOO
ab&a$ gea:oJ:o ( x* edoildd>) 7,75,000 15,10,000
drdaadde)_ gea:cro 42,20,000 64,40,000

d::noCd adgd &reier (1-4-2016) 14,85,000 48,18,000
edQ dr)nc;d d{ua*n dedd 40 $dJ dedd B0 dd1a3o* abdl idldd aabderi
a:eiOd>dd.
-1 1-
ss - 499
I lllllllllllll lll lllll lllll llll llll
azpozl -e
-BdJ 14 sodrldc' (3x14=42)
atEdmddrD 3 ddf*ri en:Qd udouo' ds
7 . cno$ef ?f,Jro6" 31-3-201 2C od dlj d3 dddodosd'

il$t6 CPN
addrld>
t T
2,60,000
rqd>q d-tte
,Rci.
6,00,000
C/\\zri ".^{:5
wvw*- '
r rc-ic.. i--- =
3,00,000
:!v\^.*
8,00,000
5,60,000
1,00,000
75,000
mro*deod addq:
25,000
dd>* naoabrae-d e:azPod
20,000
sIJari
. 50,000
den-9
40,000
eDqJ d>* d-.r5md (1-4-201 1)
10,000
aadeiud:oad d:ocrlsic
2,50,000
dqdrl+t
dd aadg $* eleDiiQ -,',odd dea 2,75,000
40,000
aredoedddsaridJ
drodro$ ddd) 2,75,000
rDrod drld) 3,25,000
droadddc 1,75,000
Faerldr, dricb wdo dbdl areddd 11,40,000
deded d:eeJ ua* 1,75,000

ss - 499 -12- 1ilililililililtililil
eJa[,tr $o*rldo 10,000

J^....1 50,000
^JU(^/Y
&derddd d.:e-r* 5,000

drdr d:& eJe$d 5,000
^JcrJO\/
7,500
6trd z,D"o6oN i *dd: 1,00,000
?dd $?$r 7,500

28,40,000 29,40,000
d,aocnr6f,nq::
1) d:oarld abeeJ T 10,000/- oCrrou)B udnl.
2) io{d#rofl &ead Der}ddr < 20,2001-.
3) dddr:osdprrcR t 6,250/- DeG.
4) sesao$ doririan T 25,000/- dd* Cdrol.
5) ab&dr?ea drDad d>oarld BdJztrroo t 12,000/-.
6) Oderdd& 8% enqrcodddl $s3.lfoqO.

q,o6' erogab mddd$ dCrEd; d>a.
B. 31-3-2014 d {rcd dndo'r ad: dod&o$ d)dddeod d* dddod *rdqfldq
ddoJ:e>rbdd.
^JJJ.J- t\AJ
c^JcJ(JI t^JoB id))d
t T
dedrrid
aa
6?dg 2,00,000 1,74p00
gea:o$o ($&Dd: ddad) 7,48,000 5,94,000
abd:ad:or:od uod denp
aa
26,000
dene mdBzuC>a 1,24,000 1,02,000
-J^J
^J--)-
oJcrr Octod CJUJ.J 1,72,000 1,36,000
1-4-2013 d a:edq> 4,20,000 4,80,000
1-4-2013 d dad;do
,J
a;edq> 1,20,000 20,000
-13-
ss - 499
lllllllll lill lll lllll lllll llll llll
48,000 22,OOO
-4-201 3)
t,ns'a&d d;dldd: (1
52,000 34,000
(1 -4-201 3)
zms..a&C,leruo$o
erlo$ n:ed iddg t 72,000/-
daGE3$ dnootîd d{{ 16'000/-
s3uf t 26,000/-
d:e-:*dtb
Oderddd d>e-r* t 72,OAA|-

duDadod> abeod ?Ja*d:dJ
e>tpod { 1'26'000/-'
dt^36 dnEo-ts:
ddrrd r 3o,oo0/-.
.l, ;_ ;&d gea:o$o 31-3_2014 dod> rJoE r 60,000,
2) t,DE q&"J nd:'d { 34'000/-
fJdl t',308 T 92'000/-',
dedd 50, idDd ad: d;eej dedd 100 d-.4*
3) gdQ&)no$d d{ta*n uJos D$ abeej
adn dogd d>eej arei0a'
ad>ri dedd 20, d$)dd ubeod Dd)ri dedd 10 d-d$' a)eioa.
4) d?$JJo fueie)) t,3os
tr@o$ suad ab* entf dl{ d-"5 andodrdl dolnoru'

-.'uddrleod dr dddod *,dqrds"
g. 31-3-2016 d {,rrd -aodro*ad; dodpob
#o$orbdd. t
14,70,560
::= :ici eQ (1-4-2015)
2,10,570
:Lii.- *-
19,890
i;-== $43:r
10,620
iaaddd doriead
=514.t 20,000
i:== =qrcd
9o
wv*l l-v
29,420
: :-'J I l:"'./
:i l*r --+?clr
--
2,500
!:-*3d daddO- Coeds"
jU *^-. <1jw:! rjeejddC
400
.J-
-.< o-cêi
rJvw e
22,380
Ei3r-y;dd daarddrld')
8,70,890
iars d-oaddd)
SS - 499 -14- I|ilililt tffi ilt ililt fllllllltilt
erddndddo 3,09,110
gedoeel uddmrlq;t: 5,00,000
d:do;: eia 1,00,000
seed dedy 79,gB0
dr:uac;d EJd{ 36,420
ziasoq
q,\JC,Y
26,54A
uqlenqDod d;$ zcearl 52,46A
ua d;eod dori 3,060
ool l-- !- <-.r-
\JqJd r t c, c^L/d (^9L)Jo
c^J
21,860
ddad0_ *og zdroed;r 9,450
{oarcrdopd dqfsb 200
r-&dooC mdedd "a&d d"Sdf 90,030
decb alodarod 4,00,000
.ledoedddeorldc 20,000
dodDoJ.: ao ex,rld abeej :ooriq;b 2,00,000
* cDbeo$d1 dodsxr eycno$ and d:d: eFid
ddri Oead dgdq ddroor :
1) d:droabo$e_ rdriodgd EJdl{ 20,000/-.

2) d>gq DedzJead dJd*r ,sao!.
3) abEq zJoedr gec):o$oron a#:rdroodd>. t S,SOO/_.
4) db&Dabo$ abeOd getuoJ:o T 6,000/-.
5) uda3erod gea:ol:o T 9,000/-.
1 0. a) u*d^T.oroa"ddi dddod dn&gor:od am:;td abee] oolnci;g"$q dod: aaoi:o.
anddddl 31-3-2010 f* dr{enrbdd.
DOJi Ooaod (t)

Eroo$d dJod i,oee dd (ddr{ )
12-11-2015 6 Sorlsb 25,000/- 6%
5-1-2016 4 Sodsi> 40,000/- B"/o
8-2-2A16 3 Sodq;b 15,000/- 9%

16-3-2016 2 Eorisb 10,000/- ao/
t/o
I llllllll lllll lll lllll llill lill llil -15- ss - 499
dodcdid
b) 31-3-2014 doc: xed adn dod&c; soaoJ: aJDdc>e) dddodddl
< 12,25,000/- d.Udl.
a) !e -:3:od daddo- slloedr { 1,25,000'
b) :l::::ad qea:C>o t 4,45,000
c) d:ee)d udzJercd z^lqt 15,000
=-tGdrld
d) se& aodeiz,JeaEd dJdqt 13,400
e) $&ac) &eod dJcl t 25,500

fl z"dniuieuad dori a:eiw { 15,200
g) aDdoizJetad adoo,ld delc-e { 5,800
d:eOd doooay5dddq dnad dcdd e6o$&. dd:iocdoed:.r.
1 1. 3'l-3-2016 d eodrd dirdO-drd d{io-rd ioz.;cQ&C €{ dddod dD&go$d1 Oeam.d'

'l r.
eddrl$b Dr' Cr'
$oeorlEb
md:aa&ddc 60,000
zrezgdd; 6,500
dirtntgdd+r> 12,000
zrod:aa& 32,000
"?Jec"
dnoauddo
aae)d *"q$*i; 1,80,000
qiJ 3,25,000
w:
m$md:rld.> 75,000
ui$ $23:r
raa:rd $e.:*ddc 39,000
$u$rrldc 4,000 43,000
"add
m$aa& $r,$rddc
Eddd$ 9,ooo
ltilill llilllll lllll lllllllll lll
ss - 499 -16- r
uDturd $z$r 30,000

ddo darjidr 11,000 50,000
74,500
dpriq:
;od>d, $zd:rrldc 8,000
drDA)
7,00,000
aodddst> 2,30,000
NI IU}.., 70,000
zroroE&od rae.: (dedd B z^.lB* ddde-) 1,20,000
a:odaad 4.37,000
12,11 ,500 12,11 ,500
dnoc:ardtzi$ :
1) d>qd: me$
zod:aad:dd: dJD. 3,30,000
^))
'4.J9 dlo. 23,000
urod:aa$ epec' dJo. 8,000
JJJ^^.J-)"I.
uru{ udaJUl
.\ lb1, do. 3,000
2) dird$ d{{odua*n zod:rd:
4,0 dEodrdd;
dra" 20,000
,dg d". 10,000/-
3) aadddd d:eod iddq dedd 10.

4) ugoa" me.:d d:ee)d u:G tro8 qd.
ddrd drrdc)O-mrmd, eDqJ ab* d{ andobqd'+ t'trld d$dd1dc1>o't.r'
I ffillilt lIit llt lllll llfil llll llll ss - 51s
55
V Semester B.Com. Examination, Nov.lDec. 2018
(Repeaters * 2A{4-15 and Onwards)
COIVIMEHCE
5.5 : Elective * -
1 : Paper I : Advanced Accounting
Time : 3 Hours Max. Marks : 100
lnstructian : Answers should be completely written either in Kannada or in English.

SECTION * A
1. Answer any ten sub-questions. Each carries 2 mark (2x10=20)

a) What is an Annuity ?
b) Give the meaning of reversionary bonus.

c) What is consideration for annuities granted ?
d) Mention any two statutory books to be maintained by a life insurance company.
e) What is money at call and short notice ?
f) What is meant by insurance claim ceded ?

g) Mention any four subsidiary books to be maintained by a banking company.
h) What is reinsurance accepted ?
i) Mention any four items under schedule 5 of banking company accounts.

j) Write any two objectives of farm accounting.
k) What are nCIn banking assets ?
l) Mention any four items o{ benefits paid by life insurance company.
SECTION - B
Answer any four of the following questions. Each carries I marks. {4x8=32}
2. Write short notes on :
a) Rebate on bills discounted

b) Classification of farm activities
c) Non performing assets
d) Direct business. P.T.O.
-2- liltlllll lfrl llllilil lltil lifi llil
ss - 513
follows :
3. Analysis of bills discounted by lndian Bank as on 31-3-1 5 is as
Due date of the bill Rate of lnterest
Amount of the bill
6-6-15 9% p.a.
{ 2,40,000
12-6-15 10% p.a.
{ 4,00,000
B% P.a.
t 3,50,000 6-7-15
T 5,00,000 5-B-15 7'k p.a.
calculate Rebate on bills discounted as on 31-3-15,

schedule
4. While preparing the final accounts of banking companies under which
the following aPPears ?
a) Reserve fund investments

b) lnterest on loan
c) Commission, exchange and brokerage
d) Owing bY foreign corresPondent
e) Liability on partly paid investments'
5. Give the meaning of the following :
1) Life Insurance
2) Claims on PolicY
3) Paid uP value
4) Premium
5) Consideration for annuities granted'
6. A life insurance company disclosed a life fund of t 14,00,000 on 31-3-06 bef ore
taking the following into consideration :
1) lnterest accrued on investments t 14,250
2) Outstanding Premium { 16,400

3) Bonus in reduction of Premium { 3,375
4) Claims intimated but not admitted { 8,700
5) Ctaims covered under reinsurance { 3,250
Prepare a statement for recomputation of fund'

I ffilllll lllll lll lllll lllll llll llll -3- ss - 513
SECTION _ C
Arrsw'er any 3 questions. Each carries 16 marks. (3x16=48)
r From the following particulars prepare Profit and Loss Nc tor the year ended
31-3-2015 and Balance Sheet as on that date of Baroda Bank Ltd.
Particulars Dr. Cr.
{ T
Share Capital : 100000 shares of t 10 each,
t 5 paid up 5,00,000
Reserve fund 10,00,000
Fixed deposits 20,00,000
Savings Bank deposits 30,00,000
Current accounts 70,00,000
Borrowings from other banks 2,00,000
Premises 12,00,000
Cash in hand 60,000
Cash at bank 28,00,000
lnterest accrued and paid 2,00,000
Salaries 80,000
Rent 30,000
Profit and Loss A/c (1 -4-14) 1,60,000
lnterest earned 4,50,000
Bills discounted 5,00,000

-4- ll!illilllilll lff llilllllll llil llll
ss - 513
Bills payable 8,00,000
Loans, advances, overdrafts 70,00,000
Unclaimed dividends 30,000
Sundry creditors 30,000
1,51,70,000 1,51,70,000
The bank had bills for { 14,00,000 as collection for its constituents and also
acceptances and endorsements for them amounting to T 4,00,000'
Ltd'
g. Following balances are extracted from the books of United lnsurance Company
as on 31-3-15.
Particulars Fire lnsurance Marine lnsurance
{ {
Claims paid 1,00,000 87,000
Premium 3,74,000 2,97,000
Commission 62,000 51,000
Expenses of management 86,000 68,000
Reserve for unexpired risk on -4-14

'1
2,10,000 2,40,000
Additional Reserve on 1-4-14 60,000 10,000
Claims outstanding on 1-4-14 24,000 11,000 .
Premium outstanding on 1-4-14 26,000 17,000
Depreciation on assets 36,000
Loss on sale of investments 8,000
Audit fees 13,000
Directors remune ration 36,000
lnterest and dividend received 63,000

I lillil til I I lilliillll llli llll -5- ss " s13
Additional information :
1) Premium outstanding on 31-3-15

Fire lnsurance { 33,000, Marine lnsurance { 15,000
2) Claims outstanding on 31-3-15
Fire lnsurance 46,000, Marine lnsurance { 17,000
3) A fire claim amounting to t 11,000 was recovered by reinsurance.
4) Reserve for unexpired risks to be maintained at 50% for fire insurance and
100% for marine insurance on net premium.
5) Additional reserve for fire insurance to be maintained al20% of net premium.
6) lnterest accrued on investments { 13,000.
Prepare Revenue Account for both Fire lnsurance and Marine lnsurance for
the year ended 31-3-15.
g. From the following Trial Balance and additional information, prepare Crop and
Livestock Account and Final accounts of Chethana Farm for the year ended
31't Marcn 2014.
Partieulars Dr. Cr.
t {
Opening Stock on 1-4-13
Livestock 7,50,000
Padoi'' 3,00,000
Cattle feecj 55,000
Fertilizers 25,000
Seeds 15,000
Capital 22,00,000
l-a"d and Building 13,75,000
Fa.rn Equipments 7,50,000
Debtors and Creditors 1,05,000 1,30,000
Bank Balance 42,500
Cash in hand 36,500
ss - 513 -6- I tilfil lilll lll lllil lllll llllllll
O/S General expenses 22,000

Purchases : Livestock 1,50,000
Cattle feed 3,00,000
Fefiilizers 80,000
Seeds 29,000
Expenses : Crop 2,72,000
Livestock 62,500
General 58,500
Sales : Livestock 2,40,000
Paddy 10,78,000
Milk 7,96,000
Flepairs and Maintenance 60,000
44,66,000 44,66,000
Additional lnformation :
1) Closing stock on 31 -3-14

Livestock T 6,60,000
Paddy { 1,50,000
Cattle feed t 30,000
Fertilizers { 17,500
Seed { 13,500
2) Depreciate : Land and Building at 4/",tarm equipments @ 1c^/" p.a.
3) The owner withdrew milk ? 30,000 and Paddy t 48,000 for personal use.
10. The following Trial Balance was extracted from Evershine Life Assurance Co., Ltd.
as on 31-3-17.
Particulars Dr. Cr.
tt
Share Capital (shares of t 100 each) 20,00,000
Life Assurance fund on 1-4-16 3,00,00,000

-7- ss - 513
I tllllil| llill lil lllll lllll llll lllt
32,00,000
Premrum Pecei'led
23,50,000
lnierest. cir,'rdend and Rent
;r;. 33Pld P3ifl

2,00,000
i -:rlci's fees 3,20,000
l.lcrlgages in lndia 49,30,000
Agents balance 1,00,000
Freehold Premises 5,00,000
Bonus to PoticYholders 3,00,000
Claims Paid 20,00,000
lnvestment 2,68,00,000
Loan against Co., Policies 17,30,000
Cash on hand and on current a/c 2,70,0a4
Cash on dePosit 2,00,000
Surrenders 1,00,000
Commission Paid 1,00,000
3,75,50,000 3,75,50,000
lor the year ended

You are required tO prepare company's Revenue alc
the following
31-3-17 and its Balance Sheet as on that date considering
:
1) Claims admitted but not paid t 93,000
2) Auditors fees o/s t 2,000

3) lnterest accrued t 1,93,000
4) Premium o/s T 1,20,000.
)/
ss * 513 -8- i lfiiill illilllllllll lllil iillllll
))-) 6
tc'{r€ \.rcrd
^ ".e
* 1
c4Je/di
^^q.t I aJ
s"-'#-dsr 2 ercddu$. (2x10=20)

1. oSndeoccJo 10 u"--#*d,dr*d enrdo:,. {,ec3,occ3:
a) dmrdd;oCded: ?
b) oddrdo zloedr edr-dd:3e:,.

c) dmrdC aed:6*d-, iic L'*r ira ;cCded: ?
d) ded fidD dod.l uLl5Jod eJeaC ci:admdCjo ;lCGb enidz"{C{dd'Jd: e+'r''
e) ele;aCQ do?3d a*d, dd dm ;cdCe.J: ?
f) ddctuC tairo3) ufrrddqeel.
g) z.:oroton*' dodpoS:: &dr&rrbd o3ndmdd,o o;u>* wd $dddddc dio*.
h) z".ldeod Cdarai:;lcCded: ?
i) z.nrcscrf dcdpoJ: dd*m{d ddqrf 5d ec zucb# &N* scddqjdo Ssr,r,'
i) {e- dd*:a{C cln$miCn ;dd: eru{edCddl'3+:r'
k) tmrofedd sftdd: aodded: ?
r) * ed adn dodp rl*J.: dra dz^:d: em d oe u:* $ o3,o eac ddddl'ae,l'
q"-rd 6.\
i\)!pel I - v",
o3nderoCdo rnex* grrdo:,' Sioc-l"ocidn 8 eoddd:' (4x8=32)

$a;i*d
2. scb wdrl uo*;o:

,l *ro* d:ondd a3:e0d t'tea
b) {)& co::dwdd#
iloddd
c) Cdre"ia&d ulrl#:
d) ded drdmC.
ss - 513
I 1il1111 lllll ill lllll lllll llll illl
3.31-3-15do-'ao&ciro"uarocdd:oaddc:;odroc$rdD*ddbend:
il"$)d omod ?rqdd (aaard)
d:o6ojr douorb
dCI. 2,40,000
6de r"ef 2015 de' 9
Ca. 4,00,000
1 2de 2015
tr'ed de' 10
6i:e eod, 2a15

de' 8
d,a. 3,50,000
5de ud4 2015
de' 7
do. 5,oo,ooo
31-3-15dccbai:cGddd;egfvd:eOd"ruoeGdcd:a'aoglo'
eoe-r Jd-,dddr dcJnoipaarl €r ddnddddq CJDd dgcf:e-
4. z:arcscr* dodpoJ:
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'
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=;=---. =;ilgJ
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5. aivnCddan efrrdd: ?;dorro :
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2) mC:'rid d:eSd odrd
3) decJ:r*cr;sde:l
) nrdn dod>
5) datrddd ddodr# dea'
-3-06 dcd: z'cc: xed adn dod&cl>

6. * dddod epcddd&.deodrl ddcbdod;,# d$q31
iQc$ Su:* d,o. 14,00,000 E:nc:gd'
1 ) d,oeddd d:eod me$drd ?'rq dro' 1 4'250
dlo' 16',400
2 : ,,Ail 60gJ ?,JJ8
3 ,-=; dc,3d dadd* erudo3oen:'d Coedrr dto' 3'375
dro' 8'700
4r r::::)C)dzmddddc
r\ r-c$O z,rdz,jerad aod^drl*b
C) r-- v- -- *v e
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dro. 3,250
$ a::;-c= dradd ddcbd'ocd) dldo &Qc) ae;p dod:baou)o'

: =;r:asdrld$
I llllffi lllll lll lllll lllll llll llll
-'10-
ss - 513
aqrrdrt - x
(3x16*48)
o$idmCdo 3 erudo:l $'}Cnoddo* 16 elodrido'
{dJeri
dird eodrd* z^:coed u,rod e)' d mti d:d; d{aau
7. Oood 31 -3-201 5 d d,,ddr,td:-d
aadi,o e* ouccddoO.S erp'd d$d dclno'r.,'

Dr. Cr.
a-)JJoJr
c"JeJ9I lvJ
dJa. d;a.
de& t^lodaad : 100000 ded:r(d; dc'

10 d$$dd'
5,00,000
do. 5 mdSdmna
10,00,000
a:eie;r.lQ
20,00,000
D,9rrd de#r6dd:
30,00,000
ro9ao oJ: a:arod dedcdddo
70,00,000
zaQ dedddd:
2,00,000
edd zmrou'dqcd Cdd me't
30,00,000
doadd*$
12,00,000
do.rddd:
60,000
droJrOJ ddcb
28,00,000
?Ddou'dd0$ ddut)
do* dra 3,00,000

dd dea ubQ erendQ
2,00,000
Dqo$ #CId d:dl mde
80,000
ioudd*{:
30,000
uoEri
ryllI]I -1 'l- ss - 513
66Dod I 4-1 4 dod> entf-d{amd 1,60,000
. = :.:z -lr 4,50,000

* i r lY^JL^.V
:Q
dtod 5,00,000
=;cGr{d
i,eduead dooGdq;b 8,00,000
xoe;dd:, d>odddd;, t:eddd 70,00,000
.ndiooadoed enzpod 30,000
.add d.lddc 30,000
1,51,70,000 1,51,70,000
d:o&rld dxioO;-rtn iCCCldo. 14,00,000, ria,ddd id;san uadocad dcd;

Q,eeddmndc
de. 4, 00,000.
8. Oa:ocd 31-3-15 { dJJ-t*G5 edra dcd& edtudd dd+ dddddo-dddcd aegddd:

ddobsand.
qJJ,f"i-
c^ridg{ IYJ sR4 Su3) dde.:r adl
dJo. dro.
^-J
AJeiQ.-9l
JJ.)
)v :^)c:J9 1,00,000 87,000
-iq
dc*;'l+: 3,74,000 2,97,000
trui:dou:;f
oJ ei
d: i;b d:eed de-9 13,000
dsae 62,000 51,000

cv)
G-r-J-J -J^JJ-J- 86,000 68,000

c,leJ! ocso cJru\vJ
$)nc$d ildgd D:eio: 1-4-14 2,10,000 2,40,000
dz$do s.:ejs: 1-4-14 60,000 10,000
dedzJmd mdddd; 1-4-14 24,000 11,000
26,000 17,000
I tlllllll lllll lll lllll lllll llll I
-12-
ss - 513
36,000
sXdd doeOd idd*
8,000
daed dnmt'"lftomd d{
13,000
dd, dode edre d;e;o
36,000
cdr eddd dcqnddddc
63,000
z;qmdo uoaPod lemd
d?$do dn6o9 :
5:
1) tmEo$&d do&ddo 31-3-1
do' 15'000
erya$ dro' 33,000' ddol OdJ
d
2) t,md"ddd: zma 31-3-15
ed: dro' 17'000
trIr4 Dah dra' 46,000' dder:
3)$drDd:ouoddra'11'0o0eADd;o3:zmd'dddd:-ddC:ennd'
4\gRDd)dde.s0ddlmrloddg:DdJride.100d#o&eidddcd:dddndd+
t4
d:>nc:d DdQ n"io eocb

dda&ddJ'
5)ena#d)pddddo*ddCndd0-de'20d*$deFoa:eiennamdd;&'
6) drlcddd d:ed a':EcJ: dOd dJo 13'000'
o65aod31-3.1sdddjoditod*d.d(,,RDd)d:Qddo:DdJC$dooaoS:aodo$d:*dc$a
oodrd* xed{ Qadf r
aexf'lod dJ?dd eDdd
g" 31 de crosf r 2014d dodrtncd d-*rrc
ejmun
mrlo dnuidqed
dr,*:,do z3-' *'q *k'mcc sodddd: aado e'Ogab
dd;
d)dddddD dcinol'
Cr.
a
Dr.
l\rrl
-J-Jr)a.lr
c^JerlJl
dJo.
ugdc4d esoe& 1-4-13 dcC:

7,50,000
md:aad;
old
3,00,000
55,000
d:edt
:'1
ss - 513
llllllllllllll 1l1l11lr llllllilillll
d&'toz.;d
25,000
_
15,000
a:$d urerrld.:
22,00,000
rcdaad
?iJaa:;bQ dtgdd-J: 13,75,000
7,50,000
{,a dodd#dd.>
1,05,000 1,30,000
libddsb d:Q dnd$
42,504
uorour &er:*
droJrOS ddcb
36,500
22,000
;odnd, dzfldd zmt
$oeo: zrcd>umC: 1,50,000
*..--).
c^!te{J
3,00,000
dirinud 80,000
,\
&dd ?retrrldr 29,000

-0
J-at.)-.
?J" -.?:?a
^{o{ +tu9J
2,72,000
-
=:-,';a:
^_J-:J-
;iaDcJduJ 62,500
_-)-.-e
:-:;lJrN, 58,500
2,40,000
dTOCUNEJ :
=-,.)ffi'UJ
10,78,000
fr
7,96,000
m9:
uf:dXd'Jc $Q icdr= 60,000
44,66,000 44,66,000
I mlllll lllll lll lllll lllll llll lr
-14-
ss - 513
dgbdo dnbgrls;
tJ
:
1) drEc: 6"8& 31-3-14{

m$6s& dro. 6,60,000
,Jg d". 1,50,000

uS:ed; dn. 30,000
dirtuoqp dro. 17'500
tlQd $ezs drE. 13,500

de' 1 0 d#'g;sarrd
2) ?.ilotu ob* dqdrld ubed de. addgoado 6& ie;ddearid d:ed
idde drlcr:e.
dqEdd; Cnoedd: {od rodCoeddd
3) drD. 30,000 ddgaru: aado do' 48'000
udiorod'
so:*dd dq"J' opcd 31-3'17 dcco'

10. adoedro" adn dod& o. d dddrlqcd drid
a-JJJ..l^ Dr. Cr.
c^JeJQl lV\i
ia
dJo. LJg.
20,00,000
de& z.;odaad (do. 100 d ded:d*d;
3,00,00,000
*ed adn eQ 1-4-16
32,00,000
dcd:1edoadl
23,50,000
u% cnpod d:d; ?Dari
oitpod mdgx,C> 2,00,000
erG$cf d)$d 3,20,000
upddd0;l erddDd 49,30,000
Ddo[,f 9el* 1,00,000
i dcd. dt,d dodrldc 5,00,000

auw
- lc-
ss - 513
I llllllll lllil lli lllll lllll
llll llll
3,00,000
a"etucdoil iec:d Cnedx"
20,00,000
odrs =i9:,d'1
1nc,:--=),; 2,68,00,000
CP-a ': - i lYv
17,30,000
i :
=a-
s e:Jdd d;e0 d ;o e':rld;
2,70,000
dd& c>4 mQ and
=.={&d
JJJ. 2,00,000
::dddd d>ee)d cJi\(")J
1,00,000
qtu 0q,q,
1,00,000
de>-* d"qitb"
3,75,50,000 3,75,50,000
3J)s d)do eQ"6 iqid";*ernod

31-3-17 d
ddnd ucddddldd;px, dcd.lcJ: domoJ:
doinoiu: iloeod.
CoocYard*rlqb:
1) z'*dld esdd doda&d zo$^ddd; d'a' 93'000

2) m& trd:d uGLrd d.:e;* Co' 2,000
3) udaSetan&d uEd,n' 1,93,000

4) m* "adJd edn dod: do' 1,20,000'
I llililll ililI lll lllll lllll lill llll QP - 279
B.Com. e**""ion,
rnester E.UOffi.
V Semester MarcruAprll zvzz
ExamlnallOn, March/April 2022 re
6y-{A\
(cBcS) (2016 - 17 and Onwards) (F + R) (o(r-,r$:
GOMMERCE \ "P!=- /_:
E E . Elaa*irra /Elanav I\ . Adrrarar-arl Ar-r-arrn+iAS\--1V
Paper-5.5:Elective(Paper-|):AdvancedAccountifuf}
lnstruction : Answer should be written completely either in

English or in Kannada.
SECTION _ A
1 . Answer any five sub-questions from the following. Each correct answer carries
two marks. (5x2=10)
a) Write the name of the below given Schedule relating to Banking Accounts ?
1) Schedule - B
2) Schedule - 5.
b) what do you understand by Ex-Dividend and cum-Dividend ?
c) Write two objectives of Farm Accounting.
d) Which is main body which regulates lnsurance Company ?
e) State the methods of lnflation Accounting.
f) What is current investment ?
g) State two types of lnsurance.

SECTION _ B
6 marks. '{! (3x6=18)
2. ln Final Accounts of Banking Company, under which Schedules are the

following items appear.
. Borrowing from SBI
. Unclaimed dividend
. Money at call and short notice
. Saving Bank Deposit Account
. Profit on sale of investment
. Acceptance from customers. p.T.o.
QP - 279 -2- Ill]ilil ilil iltiltiltilil tilrril
3. From the information given below, prepare a Crop Account to ascertain the
ProfiUloss made by the farmer:
Particulars Amount
Rs.
Opening Stock :
. Grains 3,000
. Seeds and fertilizers 4,500
Purchases :
. Seeds 1,500
. Fertilizers 4,500
Sale of grain 25,000
Grain distributed as wages 3,000
Wages paid in cash 2,500
Grains consumed by Proprietor 2,000
Repairs and Maintenance 1,500
Crop insurance 500
Closing Stock :
. Grains 6,500
. Seeds and feftilizers 5,500
4. From the following information calculate the benefit paid as per lnsurance
Regulation Act, 1938 :
Rs.
. Claims by death 8,41,400
. Claims by,'maturity i - 5,25,000
. Annuitie$r ' '
2,25,000
. Surrenders 1,52,200
. Bonus in cash ;
- 18,800
. Bonus in reduction of premium 9,45,000
. Further bonus in reduction of premium 10,000
. Claims recovered under re-insurance 85,000
ililtilllffil lll lill lllll llll llll -3- QP - 279
5. Prepare Revenue AcCounts in the proper statutory form, relating to Guha

lnsurance company Ltd. for the year ended 31-03-2017 from the following
figures :
Particulars Amount
Rs.
75,220
Claims bY death
35,100
Claims by maturitY
Premium 9,55,000
500
Transfer fees
85,650
Consideration for annuity granted
48,280
Annuity paid
1,850
Bonus paid in cash
28,150
Expenses of Management
11,200
Commission
1,25,550
lnterest, Dividend etc.'
25,150
lncome tax there on
12,140
Surrender
850
Bonus in reduction of Premium
6,500
Dividend paid to shareholders
Life Assurance fund 18,12,000
6. Explain the various method of lnflation Accounting.
SECTION - C
carries
Answer any three questions from the following. Each correct answer
-
14 marks' 'l'' (3x14=421
-03-2A21' Prepare
7. Union Bank of lndia Ltd. presents its Ledger balances on 31
Profit and Loss fuc and Balance sheet of the bank.
Particulars Amount
Rs.
Loans 2'oo'ooo
credit 50'000
Cash
QP - 279 -4- IillllililililfliltilllltiltI
Overdraft 35,000
Premises 5,000
lnvestment 4,00,000
Salaries 28,000
Rent, Rates and Taxes 2,300
Director's fees 1,900
Stock of stationery 8,500
Bills purchased 46,000
Cash with RBI 93,000
Money at call 80,000
I

Current Account 1,00,000
Fixed deposit 1,25,000
Saving Bank deposit 25,000
Cash certifigpte 25,000
Profit and Loss Account 1-04-2014 (C0 16,000
lnterest and discount 1,28,000
lnterim dividend 17,000
Share in company 50,ooo
Recurring deposits 20,000
lflillllllllllllllllllllllllllllll -5' QP - 279
Other information :
1) Provide for doubtf ul debt Rs' 5,000'

2) lnterest receivable on investment Rs' 8'000'
3) UnexPired discounts Rs' 380'
4) lnterim dividend declared was 4"/o actuals'
5) Endorsement and guarantee Rs' 1'00'000'
6)AdditionalmadetopremisesduringtheyearRs.l0,000.
7) Depreciate premises at 5% on opening balance'
Trading and Profit and
B. From the following Trial Balance of a farmer, prepare
LossAccountandBalanceSheetason3l.tMarch2o2o.
Amount Credit Balance Amount
Debit Balance
Rs.
Rs.
Opening Stock : Sales :
- Cattle 76,000 - Dairy Products 1,40,000
- PaddY 48,000 - PaddY 97,000

- 50.000 2,87,000
- Cattle feed 6,500 Cattle
65,000
- Fertilizers 10.000 1 ,40,500 Creditors
3,99,500
Purchases :
Capital
- Cattle 20,000
- Seeds 3,500
- Fertilizers 5,000
- Cattle feed 9.200 37,700
Crop expenses :
Labour 8,600
Other direct
expenses 1.200 9,800
Cattle exPenses :
- Medicines 3,000
- Labour 8,500
- Dairy
expenses 3.0!0 14,500
QP - 279 -6- Itililflililtllliltillllilil

Land 4,00,000
Machinery 1,20,000
Cash at bank 25,000
7,51,500 7,51,501
Adjustments :
1) closing stock : cattle Rs. 96,000, paddy Rs. 7,500, cattle feed Rs.
4,oob
and Fertilizers Rs. 3,000.
2) Provid e 1O"h deprecation on machinery.
3) The proprietor has consumed the following items out of his farm output :
Dairy product Rs. 7,000, wheat Rs. 5,000
9. The following are the Ledger balances of All people Life lnsurance Company
Ltd. as on 31 -09-2022.
Particulars Amount
Rs.
Premium 19,91,000
l
Life Assurance Fund as on 1-Og-2021 25,28,325

Claim paid
4,21,100
Claim admitted not paid
40,620
Consideration for annuity granted
1,20,500
lnterest Dividend and Rent ,
1,71J20
lncome tax'bn interest and dividend
30,700
Annuities
81,400
Loss on sale of investment
1,29,300
Loan on policies
6,50,500
Surrenders
1,13,300
Reassurance premium
2,15,000
Building
4,50,500
llllllillllllllllllllllllllllllllll '7' QP - 279
Policies stamPs on hand 7,200
Mortgage in lndia 10,13,200
Bonus in reduction of Premium 10,700

B,3oO
Bonus in cash
lnvestment 12,50,500
Furniture 25,300
Commission 41,170
Expenses of Management 1,28,300
Cash and Bank balance 1,41,2g0
Outstanding Premium 4,41,100
Agent Balance (Dr.) . 1,21,000
Outstanding exPenses 53,000
Share caPital 5,00,500
Dividend Paid to Shareholders 25,500
lnterest outstanding on investments 7,795

prepare the Final Accounts of the company and also take the following
adjustments into consideration :
a) Claims covered under re-insurance is Rs' 48,000'
b) Further Bonus in Reduction of Premium Rs' 5,500'
10. The following is the balances extracted from the Books of lndia General
lnsurance Co., as on 31 -03-2022:
',|

Rs. Rs.
CIaims paid 4,00,000 2,00,000

Commission Paid 1,30,000 1,10,000

Management exPenses 1,80,000 1,40,000
Reserue as on 1-4-2021 4,50,000 4,80,000
QP - 279 -B- Iffiililtilililtililtililtltil
Additional Reserve 1-4-2021 1,20,000 20,OOO
Claims outstanding 1-4-2021
S0,OO0 25,000
Premium outstanding 1-4-2021
60,000 3S,0OO
Depreciation on assets - Rs. 16,000
Loss on sale of investment _ Rs. 16,000
Audit fees - Rs. 25,000
Director fees - Rs. 70,000
lnterest, Dividend on investment _ Rs. 1,30,000.
Adjustments :
' Premium Outstanding on 31 -og-2o21fire is Rs. 60,000

and Marine is
Rs. 30,000.
' Reserve for unexpired risk to be maintained 50% on

fire and 100% on
marine on Net premium.
' Additional reserve for fire to be maintained at 20% Net premium.
11' a) From the following information of Sri Lakshmi Bank, calculate

rebate on the
bills discounted, the account are closed on 81'r March
1
2022.
Date of the Bi' period Amount Rate of Discount
Rs.
15-10-2021 3 months 6,00,000 S%
-2022
10-01 4 months 5,50,000 6%
12-02-2022 5 months 3,60,000 7%
14-03-2022 2 months 6,50,000 B%
b) A Happy'Life lnsurance Company disclosed a fund of Rs.
20,00,000 on
31't March 2022 before taking the following into consideration
:
1) A claim of Rs. 12,000 was intimated and admitted but
not paid during the
year.
2) A claim of Rs. 8,000 outstanding in books for eight years is
written back.
3) A premium of Rs. 1,000 is payabre under reinsurance.,
4) Reinsurance recoveries Rs. g5,0OO.
5) Bonus utirized in reduction of premium Rs. 5,000.
6) Agents commission to be paid Rs. 6,000.
illllllll lllll lll lllll lllll llfl llll -9- oP - 279
ddd
4
egd.s
el-t
e$iail -o
1 . #nc clndocd.e cub end-$ser1*gor. d.9 ioo$ad *gq od& erodrlqb. (5x2=10)
a) m.c3:d andrlqrl iouoqldod ddri pead:d demdulco: dnddludobo'

.\I ) *-.-J[J_B
l^J(Yvo!
eJ
2) derndq - 5.
b) a*E;doar $t ddf-Ecdoar d:ne-:d Oedl a$ erdrdDadooaQ:o ?
c) *ra Oa**$ odrddol ,rdd: e,ro{eddddludouro'

d) adD dodoo$d1 &oJ:c$iod dJ)$d io{oJnd;cb ?
e) deoduid o{d$ aPJdddle*,1.

f) d-{d doa* ;oddeob ?
s) adc add ld:ddd1eeru.
1
aqnrl -O
*6* dg iocJDd w$dt* eg$ eodddr'

(3x6=18)
ddnd drdmdc.r 4sleri en:$o:,.
Z. zrJro8onf dod&ojr eogd: sa.ddde, CDd demdulrid eEoS:O- €s ddnd eroddddl

dode6iorbdtd::
. SBI eod ad{q: ddoJ:dd: i
. d#* ddc:d e>zPod

. dd $dJ s& -îroziddre-dea
. zq,ot" deded andoS:dlw9ierorb$d
. doadoJ: dnoao^ld enzJ
. ryddood 1ercd.
QP - 279 -10- I rilillilrilr ilt ilil1 ilil1 ilr flt
3. ddrl Oead:d drE&eor:od drd& dnad en$/didd]$?Jddax,dedrw e3S aadot:d1

dojno* :
sdddd.) d,rad
dJa.
udorpd croradr:
a 3,000
eaddrl$t)
a zcer rlq;b ab* ddriro aldrldc 4,500
eDoe6rl$c:
. a)errldc 1,500
. dirloqdddc 4,500
pdrd dnoats 25,000
draOoJDn Oad odoiennd 3,000
deddddl dricb droddO_ mdeien nd 2,500
dn Oedd: deaiod ADdd iid,) 2,000
.frd& abd; odrdd 1,500
dd aab 500
$)r,$d
ttrl
roxadr:
a 6,500
Gndrridc
a zreegrldr $* dnrbaldrld.: 5,500
4. €r ddnd *Dbgobod adn &o$o$eo 6ior:d, 1938 d $uad md€:ld {osoerdddl

sro.zrod
Jg
aln6 :
dJo.
aa&& d w{aiod dd:*rld.>
o 8,41,400
dr:ro o::d dro e-rd dd;, rld: 5,25,000
daorddrlsl> 2,25,000
E:d-drco 1,52,200
stroedn" drld) 18,800
$ea:dlo daddO_ zloedxn 9,45,000
dr,bdo
u
dnbts:
r getuo$o daddo_ drgq zJoedx" 10,000
. ubcb-aab erao$O ab&ddo$end d ,drdd; 85,000
lllillllllllllllllllllllllllllllll -1 1- QP - 279
{ tudrlood ddr{ rbuo a$r{
S. €i ddnci ecE sodrl+od 31 -Og-2017 doah e,DDa36s'ri
dou o q :, C i o of n d uo d d u d. dro d d O- er cto o$ a:o d rid d1 d oln o r,.
qJJJ.J.
c"JcJ9I lY\,
dJog
dJo.
mDDcd d*drld) 75,220

a:e1o.ot3 abood 35,100
fudf rlqt,
9,55,000
Eea)o$o
drord# d:o* 500
daorddra*n dodeddofld 85,650
dmrdd aad9dennd 48,280
doedxn drlcb md.gdennd 1,850
&drddo$ duJfd'> 28,150

eJCJoerl 11,200
uan E&doar eaora 1,25,550
eo_uoaoSl dori 25,150
l,' eddrm 12,140

850
gea:oJ:c dadde| Coedx"
de&eodod md8*d entPod 6,500
^ga! -,-?r -A
C!(l^J wi^)J CJly'
18,12,000
6. dead:u;d sdd#g. Ddrddod: eed aqiDdddladol
DqrDrl- :)
ddnd o1;;doadd.ln .+re ddferi w$ol. 4eidoo:nd eru$dt* 14 eoddd;. (3x1 4=421
7. C)ropo$C ?iD.,oro uf eoaCn Otut3csc d{eJd*on *rd#dq31 -O3-2021d0C>
d&ddaiDgd. zmrosd eD?.'J abq d{ A/c tbQ *r*:cf eetv dolno:u :
q-JJic.ir dOg
tV\,
c^JcJgl
*;
;oe.:rldc 2,00,000
drlcb qat^r 50,000
t doag+1 35,000
QP - 279 -12- Iffiililil|ililillilfftillflil
eJddsa
5,000
6 \^J-^.)
aJUwc^Jd\/
4,00,000
ioudridc
28,000
-d"q dqd*i, 27,400
zcaari, ddddc abq dorldd) 2,300
&derddd $e.r*d*b
1,900
eJe$d;oabldd saa"
9,500
Defrlddr $Oeoienfld
46,000
EroJre_ dddr
1,00,000
RBI uq drld)
93,000
dd dea
80,000
de& uodaad 5,00,000
eredq: &e
2,50,000
zoQ and
1,00,000
xrd dedcd
1,25,000
urJdod deded erupdeDrb.gd
25,000
ddd: $dnea dg, 25,000
cDd ab* did and 1 -04-2014 (Cr.) 16,000
ocrEolrg
"qrb*
abdrodd enq:ood
1,29,000
17,000
dod&o$O_ doz,sd
50,000
abd:deiod deddrldc
20,000
edd dDbg : ,it
1) iodeoa{dsce.r do. 5,000 udnxr.

2) do. 8,OOO doadoC abeeJ,r,rbd uq.
3) ede aredd oolDob.grlsb do. gao.
a) $frrodd enqaodg 4yo unldoond.
5) qr$droedd ub* aDdo d,o. 1,OO,OOO.
6) do. 10,000 ddrdo_ da$;doo:nn uddoo{ dndeand.
7) udoqld iabdoeerddo- elddeode s% do_ddde dna.
I flililll ililI lll lllll lllll lill llil -13- QP - 279
B. d_rdd Ednd goJ)ef mrd{Pod, 31 de dnzrr 2o2o dod a-gmd tb* enef db{ d{
aad d:d; zareiff eurdldcln o,l.
dJog Cr. dJod
Dr.
( Jcr.
dJa.
udozPd xarur : dnrnt^t :
- znd:uod: 76,000 -_ €o *{Sd.: 1,40,000

^fJ 48,000 qjg 97,000
- m&emd: 50.000 2,87,000
- md:aad> 65,000
eJE"d 6,500 nae.:rodd>
1,40,500 uoda;od 3,99,500
- dnrioaldrl$b 10.000
$oeorldc:
- m$and: 20,000
- areagrldo 3,500
- dirioudddr a
5,000
- zrod:aad:
abedt 9.200 37,700
s3$dtjzlst:
raa:rd 8,600
"add ded d{,i$ ,. 1.200 9,800
rod>o-od> d{rt+b :
_ 8dddd,: 3,000
- raa;rd 8,500
- dro d{ri$ 3.000 14,500
ôC>d,
d{,i$ 4,000
zfoa> 4,00,000 r
oJ:odgedddsoddJ, 1,20,000
zmrosde- dridJ 25,000
7,51,500 7,51,500
d?,$do dnEo9:
do'
1) $Jz$.jd xartr : m$aodc do. 96,000, ,iE dto' 7,500, d$
eroad 4'000
$dl AiriJou,rd do. 3,000.

2\ o$odgedddeorld d>eeJ 1OZ" iddeo$dludnxr'
3) dnoed$ d{mdrr Eutr$t^f&od dr ddnd d&ridd}dea'lqi'
7,OOO, rioe6 dro' 5,000'
{,o en:d$ dJo.
.---------------
QP - 279 -14- Itiltll!tililtililtilililttil
9. 31-03-2022 dod eref &ede>6 eJrw" nd>rdin dodo otu[îc"d dqd uDdeJo"ilsb 6r
ddndo.Bd.
addrl$b d.Jod
d/a.
gea:oJ:o 18,91,000
1-03-2021 dod ded eab cte 25,28,325
d.r,df aad,Sdennd 4,21,100
d.O,dyerab.t mdgdenne:.. 40,620
dmrddqn doriedienfid 1,20,500
?Ja sDryrod abd? ?roBri 1,71,120
mepodd d:ee3 er6?o$ dOri 30,700
"qd:Q
daardddsb 81,400
doadoc dnoar^ldO_ d{ 1,28,300
mOxrrld abeod xne.r 6,50,500
edrdrea 1,13,300
abE ?iddd gearo$o 2,15,000
dp,:d 4,50,500
{,olrO_ &e8rld $drl$b 7,200
6odddO_ etddhd 10,13,200
&e&:oJ:o daddO_ elo edxi" 10,700
drlcb droddO_ uloedxn 8,300
uodand 12,50,500
aedoedddeadq;t) 25,300
eJc3loerl i
41,170
&drd#oJ: d{,i*b 1,28,300
ddcb ab* zua,od ?iDrdq, 1,41,290
getuoJ:o 4,41,100
"qEob
adoof EDrdq (Or.) 1,21,000
?roEe,D9a&d d?3dd) 53,000
?,t
ded: uodarod 5,00,500

ded:aadori enqnodddl aadodenfl d 25,500
droGdo$ abeod DquroS 7,795
-15-
QP - 279
r lilllll ltlll lll lllll lllll llll llll
dodooJ: erogab aoddd$*dolnol d)t ddnd da$.do dDbgrlddlid dorieadrl

drld:dloe '
do' 48'000'
a) d:&-c$c$ erao1>O-t-drtooad:d d$*dd':
zl) ge iJctc dadde- tbqq utoed;:" dro' 5'500'
.03-2022 doc> N{ejqf .aoacD uddc "a$,dq, dod&ou:od djoddrioJ:end

10. 31
+s ddndda :
=ii'Is: z3o3 nd))d
aJJJrfr
,i9Ill!
J^ Jr
l Jcr.
t Je,.
4,00,000 2,00,000
cdg:,d d$dildr
8,50,000 6,50:00:
letuo$o dad: $&a"i>
26,000
*&Dfio$ d:eod da:io" &edennd
1,30,000 1,10,000
da:do" mdedennd
1,80,000 1,40,000
Odrdma d#do
4,50,000 4,80,000
1-4-2021 doi! taouooxl
1,20,000 20,000
dz$,rdo a:eie:> 1-4-2021
50,000 25,000
1-4-2021dod: m$ erueadrd fudf rld)
60,000 35,000
zD6 1 -4-2021
!,eDoJ:c
i+dd e:e ed idd* - dro' 16,000
docrct d>ou:d d4 - dro' 16,000
rrGuf d,:e;' - do. 25,000

&ierJdd d:e'- do. 70,000
zJG, dieGdc$ c:eOd erozfood - dlo. 1,30,000.
dLbdO dnb9:
. ; -og-2o21dcd: ?trE erueo&d gea:oJ:o {cn dro'
60'000 S*
abd,ro" dra. 30,000 sfld'
.p{d$etuoJ:ode-uioEo$d:eej50%$dlrorldd{1oo%ddrleldqa:edd
uamod:a*h D:eier:.
. z3o.&non dt^$.rdo a:eis:20% e{d $etuoJ:odo- Cdrbiujed:'
QP - 279 -16- Iililillfiililtililtlffiililillt
1 1. a) 9e esJ unrou"d *
ddnd dnae$od, oc:>ol:Eo$ zeefdd oo:nor:eo$e
e3{ac*, andot:d1 31de dnzrr 2Oz2 docb dl{ennd.
ubdJodo$ Ooaod edQ dJod oatao3)g dd

&;
15-10-2021 3 Eorlsbri$b 6,00,000 5%
10-01 -2022 4 Eorldcrldc 5,5O,OOO 6%
12-02-2022 5 ,BorlgbrldJ 3,60,000 10/
t/o
14-03-2022 2 .9odd;rl*b 6,50,000 B%
b) iodoed (Happy) ded e*D dodpolr: * ddndddddldodmdri dricbdodcrd
dodo31 dnzf r 2022 doeb dro. 2O,OO,O0O Ceo$dluedodda,:,C:
1) 12,000 drD. dd fudy"Q esdeDnd $Q ledoiennd sdd ttrdO
aadSienRe.:_.
2) ootû ddrriqod drddrldO uos "a&d B,OOO d.6.dd

fud:oed1 ui:$
udoJ:e>nd.
3) .gea:o$o ab&aab eraoJ:O_ dro. 1,000 mdeiaieuorbQd.
+) abd;a* *Xoen.a dJo. S5,OO0.
5) getuoJro do. 5,000 daddO z.ioedxr udiennd.

6) andeizJerod &dot^f da:do" 6,000 dro.
,[{
IlilillllilIiltilililtililtililfit 66 sN - 485
V Semester B.Com. Examination, November/December 2017
(F + R) (CBCS) (2016 - 17 and Onwards)
COMMERCE
5.5 : Elective Paper - I : Advanced Accounting
lnstrudion : Answer should becompletelywitten either in English or in Kannada.
SECTION -A
1 . Answer any f ive sub-questions f rom the following, each correct
answer carries two marks. (5x2=10)
a) What is money at call and short notice ?
b) What is reinsurance ?
c) Mention any two statutory books to be maintained by a life insurance company.
d) State methods of inflation accounting.
e) What is farm accounting ?
f) Give the meaning of fixed income bearing securities.
g) How do you show bills for collection in the finalaccounts of a bank ?
SECTION _ B
Answeranythree of the following, each carries six marks. (3x6=18)
2. Give the meaning of inflation accounting and state the limitations of inflation
accounting.
3. While preparing the final accounts of Banking company under which schedule
the following appears
a) Shares
b) Current accounts
c) General Reserue
d) Transferfees
e) Commission and exchange
f) lnterest on deposits.
P.T.O.
sN - 485 -2- lllllilllllilllilllllllillllllllll
4. From the figures given below, prepare Revenue Account of National Life lnsurance
Company for the year ending 31st March ZO17 .
t
Life Assurance fund as on 1st April 2016 7,50,000
Premiums 3,72,000
lnterest, dividend and rent 2,26,000
Consideration of annuities granted 12,500
Fines for revival of lapsed policies 2W
Claims paid 42,500
Bad debts 400
Expenses of management 35,000
Commission 16,000
Bonus in reduction of premium 500
Annuities paid 19,500
Surrenders 25,500
Surplus on revaluation of reversions purchased 1,500
lncome tax paid 32,000
Bonus in cash 19,000
5. Calculate the premium earned (net) forthe year ending 31-3-2017 from the
following, in case of Fire lnsurance.
Premium received less reinsurance { 6,90,000
Premium outstanding on 1-4-2016{ 10,000
Premium outstanding on 31 -3-2017t 8,000
Reserve for unexpired risks on 1-4-2016T 3,50,000
Additional reserve on 1 -4-201 6 t 40,000

It is the policy of the company to maintain 50% of premium towards reserve for
unexpired risks. Additional reserve is to be increased by 5% of net premium.
lllliltlililtlflil tilil ilililil sN - 485
6. Vikas buys 12/o debentures of the nominal value { 20,000 at t gG cum interest
on 31st March 2013.
lnterest payable half-yearly on 30th June and 31st December. Calculate the total
purchase price and show its allocation to capital and revenue.
SECTION _ C
Answerany three of the following questions. Each correct answer carries

fourteen marks. (3x14=42)
7. The following trial balance was extracted from the books of Vikas Life Assurance
Co. Ltd. as on 31st MarchzA17.
Pailiculars Dr. Cr.
{ t
Share capital (shares of t 10 each) 1,60,000
Life assurance fund as on 1-4-2016 29,72,300
Dividends paid 15,000
Bonus to policy holders 31,500
Premiums received 1,01,500
Commission paid 9,300
Mortgage in lndia 4,92,2A0
lnterest, dividend and rent 1,12,700
Agents balances 9,300
Freehold premises 40,000
Loan against company policies 1,73,600

sN - 485 + ililililililil ilt iltil illil fiil ffit
Cash on deposit 27,AA0

Cash in hand and on Current A/c
7,300
Surrenders 7,000
33,46,500 33,45,500
You are required to prepare company's Revenu e Ncforthe year
ended 31-3-2017
and its Balance Sheet as on that date taking the fotlowing into consideration.
a) Claims admitted but not paidT 9,300.

b) Management expenses dueT200.
c) lnterest accrued { 1 9,300"
d) Premium outstandingT.l2,000.
8. From the following balances of Star lnsurance Company Ltd.

as on g1-B-2017,
Prepare
i) Fire Revenue A/c
ii) Marine Revenue A/c
iii) Profit and Loss A/c
TT
Bad debts
10,000 24,000
Reserve (as on 1-4-16) 5,00,000 16,40,000
Claims paid and outstanding 3,90,000 7,60,000
Additional Reserve (as on 1-4-16) 1,00,000
Commission on reinsurance coded 60,000 1,20,000
I illllll lllll lfl lill lllll lill illl -s SN - 485
Auditors fees 6,000
Share transferfees 1,600
Bad debts recovered 2,4A0
Deprecia{ion 70,000
lnterest and dividend received 28,000
600
Difference in exchange (Cr')
10,000
Miscellaneous receiPts
Profit on sale of land 1,20,000
5% of Net
An additional reserve in case of Fire insurance is to be increased by
pr.emium in addition to the usual reserve 50% forthe fire and 1 00"/"for
Marine'
g, shri Rangam Bank Ltd. requires you to prepare Profit and Loss A/c and Balance
Sheet as on 31st March 2017 from the following details.
Dr. Cr.
Particulars
t (
Share caPital
10000 equity shares of t 100 each

10,00,000
5,00,000
Reserve Fund
Loans, cash credit and overdrafts 5,70,000
Premises 1,00,000
lnvestment in Govt. Securities 8,00,000
2,00,000
Current Deposits
2,50,000
Fixed Deposits
1,00,000
Savings Bank DePosits
Salary to staff 56,000

sN - 485 + Itilililtfiil]tilillilililililil
Directors fees
3,600
Rent, rates and taxes
4,600
GeneralExpenses
54,900
Profit and Loss Alc on 1-4-2016
32,000
lnterest and discounts
2,56,000
Stationery
17,000
Bills purchased and discounted
92,000
lnterim dividend paid
34,000
Recurring deposits
40,000
Shares
1,00,000
Cash in hand and with RBI
3,96,000
Money at call and shor-t notice
1,60,000
23,79,00a 23,7g,000
Adjustments :
1 ) Endorsements made on beharf of customers totailed

to T 1 ,1 5,000.
2) Unexpired discount amounted toT 3g0.
3) lnterest accrued on investments t g,OO0.
10' From the following Trial Balance extracted from

the books of Kiran a farmer,
draw up his final accounts,
Trial Balance
Debit Balance T Credit Balance (
Opening Stock: Sales:
Livestock 2,50,000 Livestock 60,000
Grains 50,000 Grains 80,000
Vegetables 5,000 Vegetables 30,000
Purchases: Dairy produce 15,000
Livestock 30,000 Sundry creditors 15,000
Illllllllilililtililtflilililtilt
sN - 485
Seeds and fertilizers 12,000 Mortgage loan 2,80,000
Cattle feeds 1O,0OO Capital introduced 4,00,000
Sundry debtors 30,000
Wages 8,000
Rates and insurance 4,m0
Drawings g,mO
Cash at bank 1O,OO0

Land and buildings 3,00,000
8,80,000 8,80,000
1 ) Closing stock on 31 -12-2013 : Livestock T 8O,OOO, Grain t 1 ,0O,OOO, Vegetables

t 20,000, Dairy produce t 20,000.
2) Depreciate form machinery by 109,;,
3) Vegetables worth { 2,000 were consumed by the proprietor.

4) Grain worth t 5,000 was given to the labourers as a part of their wages.
11. a) Calculate Rebate on bills discounted as on 31-3-Og.

Date of Bill Amount Period of Bill Rate of Discount
Rs.
1) 15-1-08 20,000 5 months 12o/op.a.
2) 10-2-08 15,000 4 months 13/" p.a.
3) 20-3-08 10,000 2 months 14o/op.d.
b) Write short notes on i
a) Reversionary bonus.
b) Generalinsurance.
c) Consideration for annuity granted.
d) Annuity. :.
I
G+ i
Ililliltlilil !ililil tilfl flilllil

sN - 499
v Semester B.com. Examination, November/December 2o1l
(Repeaters) (2014 - 1S & Onwards)
COMMERCE
Paper-5.5: Elective-1 : Paper-l: Advanced Accounting
lnstruction : Answer should be completetyeither in Kannada or in Engtish.
SECTION -A
1. Answeranytenquestions. Eachcarries2marks. (2xI0=20)
a) Givethe meaning of Life lnsurance.
b) What are Non-performing Assets ?
c) What is a Statutory Reserve ? ,
d) How do you treat right shares ?
e) state the documents and registers required forFarm Aecounting.

f) What is HistoricalAccounting System ?
g) What are contingent liabilities ?
h) Mention anyfoursubsidiary books maintained by a banking company.
i) What is Reinsurance Premium ?

j) What is Gearing Adjustment ?
k) What is Generallnsurance ?
l) Mention any two types of Generallnsurance.
SECTION - B
Answerany four of the following questions. Each carries 8 marks. (4xg=3ff

2. Give dfsrmat of Profit and Loss A/c of banking companies.
P.T.O.
SN - 499
A
'2' ililililIfl]illllfilllllffill
details for the year of its

3. A Marine insurance company reported the following
risk at 100% on net premium
working. Make necessary reserve for unexpired
and ascertain proiect or loss made by the company'
a) Reinsurance premium paid 1'10'000
b) Premium received on originalpolicies

8'OO'OOO
c) Claims 1
'10'000
d) received
Reinsurance premium
35'000
e) Gommission on direct business

46'500
f) ExPenses of management 2'10'000
under which schedule

4. While preparing the FinalAccounts of Banking companies
the lollowing aPPears :
a) Profit on the revaluation of investments'
b) Depreciation on banks property'

c) Share Premium'
d) Demand dePosits'
e) Premises.
S. Listthe various revenues and costs relating to Farm Accounting'

for
6. Mr. Harsha purchases 12"/o debentures from Varsha Ltd. on 1'8-2016
12,OOO. Date of interest payment 31/3 and
{ 30/9'
t 98 (cum-interest) of
_2"/o, Taxes _1o/o, Brokerage 1'57o, Legal

Mr. Harsha incurred stamp duly
i
! charges t 40.
i
I Calculate Cost of Purchase of Securities'
i
llllffitill[ilililllilfiiltilt
sN - 499
SECTION -C
Answer any 3 questions. Each carries 16 marks. (3x16=zt8)
7. The following Trial barance was extracted from the Evershine Life Assurance
Co, Ltd. as on 31-g-2017.
Particulars Dr. Cr.

(Rs.) (Rs.)
Share capital (shares of Rs. 100 each) 20,00,000
Lrfe Assurance Fund 1-4-2016
3,00,00,000
Premium Received
32,00,000
lnterest, Dividend and Rent 23,50,000
Dividend paid 2,00,000
Auditors fee 3,20,000
Agents balances 1,00,000
Free Hold Premises 5,00,000
Bonus to Policy Holders 3,00,000
Claim paid 20,00,000
lnvestment 2,69,00,000
Loan against company's policies 17,30,000
Cash on Hand and on Current A/c 2,70,000
Cash on deposit 2,OO,OOO
Surrenders 1,00,000
Commission paid 1,00,000
3,75,50,000 3,75,50,000
t.
sN _ 4ee _4_ llllillilillllllilllllllllilllll
Youarerequiredtopreparecompany'sRevenyeA/cfortheyearendgl-9-2017
the following :
and its barance sheet as on that date considering
a) Claims admitted but not paidt 93'000'

b) Auditors fee o/s t 2,000'
c) lnterest AccruedT 1,93,000'
d) Premium o/s { 1 ,20,000'

of orientarGenerar rnsurance
g. The foilowing barances are taken from the books
ComPanY as on 31-3-2017'
Claims Paid 2'OO'O0O 1'74'000
Commission on Reinsurance ceded 26'000
1'02'000
Commission Paid 1
'24'OOO
Premium less reinsurance 7,48'000 5'9+'000
Managementexpenses 1,72'OOO 1'36'000
Reserve (1-04-2016) 4,20'O0O 4'80'000
Claims o/s (1-4-2016) 48'OOO 22'004
Premium o/s (1 '4-2016) 52'OOO 34'000
Additionalreserve 1-4-2016 1'20'OO0 20'000
Depreciation on Assets 72'000
Loss on sale of investment 16'000
Directors fee 72'000
Audit fee 26'000

llillillllllilllffllillllilllil -5- sN - 4ee
1) Premium o/s 31-3-2017

Fire Rs.60,000
Marine - Rs. 30,000
2) Claims o/s 31 -3-2017
Fire Rs.92,000
Marine Rs. 34,000
3) Reserve for unexpired risk to be maintained at 50% and lOOo/oof net premium
of fire and marine insurance respectively.
4) Additional reserve for fire to be kept at 2Oo/o of net premium.

Prepare Fire Revenue A,/c, Marine Revenue A/c and P&L A/c.
L From the following Trial Balance and additiona! information, prepare Crop and
Livestock A/c and FinalAccounts of Rashtriya Alliance Farm for the year ending
31't March 2017 .
Particular Debit Credit

IT
Opening stock on 1 -4-201 6 :
Livestock 1,87,500
Paddy ZS,O00
Cattle feed 13,750
Fertilizers 6,250
Seeds 3,750
Capital S,SZ,2SO
Land and Building 9,49,750
Farm equipments 1,g7,500
Debtors and creditors 26,250 g2,E0O
Bank 10,625
Cash 9,125
O/s generalexpenses S,S00
sN - Aee -G llllllllililllllllllllilllllllll
Purchases:
Livestock 37,500
Cattle feed 75 ,000
Fertilizers 20,000
Seeds 7,250
Repairs and Maintenance 15,000
Expenses:
Crop 63,000
Livestock 15,625
Genera! 14,625
Sates :
Livestock 60,000
Paddy 2,65,000
Mitk 1,96,250
11,11,500 11,11,500
1) Closing stock on 31-3-2017 : Livestock - 1 ,65,000

Paddy- 37,500, Cattle feed - 7,500
Fertilizers * 4,375,Seeds - 3,375.
2) Depreciation to be provided on :
Land and Building @ 2o/op.?,.,farm equipments @ 10% p.a.
3) The owner withdrew the following from the firm :
Mitk - 7,500, Paddy - 11 ,875.

Irilliltilttililililfltfltfiil -7-
sN - 499
10. The following is the Triar barance of Vijaya Bank. You
are required to prepare
Profit and Loss A/c and Balance Sneet as at 31-3-2017
atter taking into
consideration the adjustments given below:
Trial Balance as on g1-g-2017

Particulars Dr. Cr.
t t
6000 equity shares of Rs. 10 each
60,000
"3000 8% preference shares of Rs. 10 each
30,000
Fixed deposit
35,000
SB Account
25,000
Cunent Account
60,000
Reserue Fund
30,000
tnterest and Discount
30,000
Money at calland short notice 30,000
Cash in Hand 30,000
Cash at bank
36,000
tnvestment in Govt. Securities 19,000
Loans and cash credits 1,35,000
Furniture less depreciation
3,000
Premises less depreciation
25,200
lnterest on deposits
19,000
Salaries
4,900
Audit fees
600
Directors fees
300
I |ililil ililt ilt ililt tilil ilil ilfl NS - 440
V Semester B.Com. Examination, Nov./Dec. 2016
(Fresh) (CBCS) (2016-17 and Onwards)
COMMERCE
5.5 Elective Paper - I : Advanced Accounting
lnstructions : Answer should be completely written either in Engtish or
in Kannada.
SECTION _ A
'l
. Answerany five sub-questions from the following each correct answer carries
two marks. (5x2=10)
a) What is rebate on bills discounted ?
b) Mention types of insurance.
c) What are bonus shares ?
d) What is farm accounting ?
e) List out the methods of inflation accounting,
g) what is cum-interest and Ex-interest quotation of securities.
SECTION _ B
Answer any three of the following each carries six marks. (3x6=1g)
2. Give the meaning of inflation accounting and state the limitation of inflation
accounting.
the following appears.
a) Transfer fees
b) Gold
c) Current accounts
d) Telegraphic transfer
e) Shares
f) Silver
P.T.O.
NS - 440 -2- Iilllrililfitilillilil]ttillffi
4' From the following particulars prepare the Fire Revenue
A/c for the year ending
31-3-2016.
{
Claims paid
8,46,000
Claims unpaid on (1 -4-2015)
72,A00
Claims unpaid on (31-3-2016)
1,26,000
Legal expenses regarding claims
19,000
Premium received
21,60,000
Re-insurance premiums
2,16,000
Commission
3,60,000
Expenses of management
5,40,000
Provision against unexpired risk on (1_4_201S)
9,36,000
Commission on reinsurance ceded
60,000
Bad debts
5,000
5. The following particurars rerated to a Life rnsurance
Corporation for the year
31-3-2014.
t
Premium received during the year
1 1,33,000
Outstanding premium on (1-4-2013)
97,000
Outstanding premium on (31 -3-201 4)
1,09,000
Premium received in advance on (1_4_2013)
28,000
Premium received in advance on (31 $_2A14)
22,000
Bonus utilized in reduction of premium for (201g-14)
7,000
Re-insurance premium paid during the year (2013_14)
60,000
Find out the amount of premium to be incruded in
Revenue A/c.
6' Mr' Prasad purchased T 2 Lakhs, 15% Debenture of Reliance tndustries
Ltd.
from Mr' Yogesh @ t 103, on 1 -8-2014, on which stamp 2% taxes 1 .s%Brokerage
t
1"/" and legal charges 50 was charged. Date of interest
31 -g-2014 and
30-9-2014' Calculate cost of purchase of securities and pass
Journal Entries,
),
IililIil llilt ill ililt ilril lilllill -3- NS - 440

SECTION _ C
Answerany threeof the following questions. Each correct answer carriesfourteen

marks. (3x14=42)
7. From the following Trial Balance of Pavan Bank Ltd. Prepare Profit and Loss A/c
for the year ended 31-3-201 5 and B/S as on that date.
Particulars Dr. Cr.
tt
(50,000 equity share capital of t 10 each)
Loans, cash credits and overdrafts 2,85,000
Premises 50,000
lnvestment in Govt.Securities 6,00,000
Current deposits 3,00,000
S.B. deposits 50,000
Rent, rates and taxes 2,300
PIL Nc on (1 -4-2014) 16,000
lnterest and discounts 1,30,000
Stationery 8,500
Bill purchased and discounted 50,000
lnterim dividend paid 17,000
Shares 50,000
Cash in hand with RBI 1,93,000
Money at call and short notice 80,000
13,95,000 13,95,000
NS - 440 -4-
ililllilliltilllflilltililIilt
Adiustments:
1) Endorsements made on
beharf of customers{57,500.
2) Unexpired discountt 3BS.
3) lnterest accrued on investment{4,000.
t following balances of rndian
rnsurance co. Ltd. as
5::H:: on sl srMarc h2o1z
1) Fire Revenue A/c.
2) Marine Revenue A/c.
3) Profit and Loss A/c.
particulars
Fire Marine
Reserve for unexpired risk
(1_4-2011)
T t
5,00,000 16,40,000
Claims paid and outstanding
3,80,000 7,60,000
Commission paid and received
1,80,000 2,16,000
Additional reserve on (1 -4-2011)
1,00,000
'12,00,000
Management expenses 21,32,000
2,90,000 8,00,000
Commission on reinsurance
ceded
60,000 1,20,000
Auditors fees
12,000
Directors fees
12,400
Shares transfer fee (Cr.)
3,200
Profit on sale of land
40,000
Depreciation
70,000
lnterest and dividend received
65,000
Difference in exchange (Cr.)
1,200
Sundry receipts
20,000
lncrease additionar Reserve
with respect to fire rnsurance
by 50/o.
il ll I ll I lllilltlllllllllll
-5- NS - 440
books of Jayan Life lnsurance

9, The following are the balances extracted from the
Co. Ltd. as on 31-3-2014'
t
14,70,562
Life Assurance Fund (1-4-2013)
2,10,572
Premium
19,890
Management exPenses
10,620
Consideration for annuities granted
20,000
Dividend Paid
s2
Fines
29,420
Annuities
79,980
Claims bY death
36,420
Claims bY maternitY
26,451
Commission
55,461
lnterest, dividend and rent
3,060
lncome tax on interest
21,860
Surrenders
9,450
Bonus Paid in cash
2@
Preliminary expenses
80'034
Claims admitted but not Paid 2'500
O/spremium
4O0
Stamp on hand
22'380
Paid
Annuities due but not
8'70'890
Government securities
3'09'110
Mortgages loan
5'00'000
Freehotd Premises
1'00'000
House ProPerties
4'50'000
Share caPital
20'000
Furniture 2'50'000
Loans on companY Policies
the following'
prepare Revenue Accounts and B/s after taking into consideration
a) Claims intimated further{ 5,000'
b) Claims covered reinsurance{ 25'000'
NS - 440 -6-
I Iilililt iltil lll tilli illl ililI
10' From the following Trial
Balance extracted from.the
Ar" toi tn?vlar ended s books of Rajkumar farm
::* lfljffi#r, r naa,.c h
" 2015 and the Barance
sheet
Debit Batance
Opening Stock
t Credit Balance
Sales
Livestock 1,50,000
Livestock 48,000
Paddy
60,000 Paddy
Catile Feed 2,12,000
11,000 Mitk
Fertilisers 1,57,000 4,17,00(
5,000
Seeds
3,000 2,2g,ooo
Purchase
Sundry creditors
Livestock 30,00c
30,000 O/s expenses
Catile feed 4,40c
60,000 CapitatA/c
Fertilizer 4,91,80c
16,000 Billpayabte
Seeds 5,200
5,900 1,11,900
Sundry debtors
25,000
Repairs of equipment
12,000
Farm equipment
1,70,000
Crop expenses
50,400
Live stock exp,s
12,500 r
Generalexpenses
11,70a
Cash in hand
7,500
Cash at Bank
8,500
Land and Building
3,00,000
9,39,400
9,38,400
4
3';,?,,i3,i's:Jrff3[:lf;313: .',"stock r 1,32,000 cat,e feed r 6,000,
t) of the farm outpur bv the proprietor
I!:aSSnsumption Mirk T 6,000, paddy
c) Provide 1o% depreciation
on farm equipment and
5% on rand and buirdings.
rrllr | | I l tlllllllllllllllll -7- NS - 440
' 1, . a) On 1-6-2014 Mr. Ajay acquired 6000 equity shares of t 10 each in PQR Ltd'
for{ 1,20,000 on cum-Right lnput, basis PQR Ltd. declared
a) One for three bonus shares

b) One forfour right issue on 1-9-2014 at20% premium'
1) Mr. Ajay took up the half of the right issue'
2) Sold half of its total shareholdings on 31-12-2014 fort 74,000

c) Sold the remaining rights share for{ B/share.
Prepare lnvestment Account for the year ended 31st Dec. 2014.
b) Given below is an extract of the Trlal Balance of lndian Bank as on

31-3-2014.
Particulars Dr. Cr.
'16,80,000
Bills discounted
Rebate on bills discounted (1-4-2013) 8,040
Discount received during the year 85,912
Analysis of the bills discounted as given above shows the following.
Amount of Bill Due date Discount Rate
2,40,000 June-06-2014 10% P.A.
4,40,000 June-12-2014 10% P.A.
3,00,000 June-26-2014 12%P.4.
5,00,000 July-06-2013 B% P.A.
2,00,000 August-05-2013 12%P.4.

.' , I
16,80,000
Calculate how much discount received to be credited to P/L fuc.

I |ililil ililt ilt ililt tilil ilil ilfl NS - 440
V Semester B.Com. Examination, Nov./Dec. 2016
(Fresh) (CBCS) (2016-17 and Onwards)
COMMERCE
5.5 Elective Paper - I : Advanced Accounting
lnstructions : Answer should be completely written either in Engtish or
in Kannada.
SECTION _ A
'l
. Answerany five sub-questions from the following each correct answer carries
two marks. (5x2=10)
a) What is rebate on bills discounted ?
b) Mention types of insurance.
c) What are bonus shares ?
d) What is farm accounting ?
e) List out the methods of inflation accounting,
g) what is cum-interest and Ex-interest quotation of securities.
SECTION _ B
Answer any three of the following each carries six marks. (3x6=1g)
2. Give the meaning of inflation accounting and state the limitation of inflation
accounting.
the following appears.
a) Transfer fees
b) Gold
c) Current accounts
d) Telegraphic transfer
e) Shares
f) Silver
P.T.O.
NS - 440 -2- Iilllrililfitilillilil]ttillffi
4' From the following particulars prepare the Fire Revenue
A/c for the year ending
31-3-2016.
{
Claims paid
8,46,000
Claims unpaid on (1 -4-2015)
72,A00
Claims unpaid on (31-3-2016)
1,26,000
Legal expenses regarding claims
19,000
Premium received
21,60,000
Re-insurance premiums
2,16,000
Commission
3,60,000
Expenses of management
5,40,000
Provision against unexpired risk on (1_4_201S)
9,36,000
Commission on reinsurance ceded
60,000
Bad debts
5,000
5. The following particurars rerated to a Life rnsurance
Corporation for the year
31-3-2014.
t
Premium received during the year
1 1,33,000
Outstanding premium on (1-4-2013)
97,000
Outstanding premium on (31 -3-201 4)
1,09,000
Premium received in advance on (1_4_2013)
28,000
Premium received in advance on (31 $_2A14)
22,000
Bonus utilized in reduction of premium for (201g-14)
7,000
Re-insurance premium paid during the year (2013_14)
60,000
Find out the amount of premium to be incruded in
Revenue A/c.
6' Mr' Prasad purchased T 2 Lakhs, 15% Debenture of Reliance tndustries
Ltd.
from Mr' Yogesh @ t 103, on 1 -8-2014, on which stamp 2% taxes 1 .s%Brokerage
t
1"/" and legal charges 50 was charged. Date of interest
31 -g-2014 and
30-9-2014' Calculate cost of purchase of securities and pass
Journal Entries,
),
IililIil llilt ill ililt ilril lilllill -3- NS - 440

SECTION _ C
Answerany threeof the following questions. Each correct answer carriesfourteen

marks. (3x14=42)
7. From the following Trial Balance of Pavan Bank Ltd. Prepare Profit and Loss A/c
for the year ended 31-3-201 5 and B/S as on that date.
Particulars Dr. Cr.
tt
(50,000 equity share capital of t 10 each)
Loans, cash credits and overdrafts 2,85,000
Premises 50,000
lnvestment in Govt.Securities 6,00,000
Current deposits 3,00,000
S.B. deposits 50,000
Rent, rates and taxes 2,300
PIL Nc on (1 -4-2014) 16,000
lnterest and discounts 1,30,000
Stationery 8,500
Bill purchased and discounted 50,000
Shares 50,000
Cash in hand with RBI 1,93,000
13,95,000 13,95,000
NS - 440 -4-
ililllilliltilllflilltililIilt
Adiustments:
1) Endorsements made on
beharf of customers{57,500.
2) Unexpired discountt 3BS.
3) lnterest accrued on investment{4,000.
t following balances of rndian
rnsurance co. Ltd. as
5::H:: on sl srMarc h2o1z
1) Fire Revenue A/c.
2) Marine Revenue A/c.
3) Profit and Loss A/c.
particulars
Fire Marine
Reserve for unexpired risk
(1_4-2011)
T t
5,00,000 16,40,000
Claims paid and outstanding
3,80,000 7,60,000
Commission paid and received
1,80,000 2,16,000
Additional reserve on (1 -4-2011)
1,00,000
'12,00,000
Management expenses 21,32,000
2,90,000 8,00,000
Commission on reinsurance
ceded
60,000 1,20,000
Auditors fees
12,000
Directors fees
12,400
Shares transfer fee (Cr.)
3,200
Profit on sale of land
40,000
Depreciation
70,000
65,000
Difference in exchange (Cr.)
1,200
Sundry receipts
20,000
lncrease additionar Reserve
with respect to fire rnsurance
by 50/o.
il ll I ll I lllilltlllllllllll
-5- NS - 440
books of Jayan Life lnsurance

9, The following are the balances extracted from the
Co. Ltd. as on 31-3-2014'
t
14,70,562
Life Assurance Fund (1-4-2013)
2,10,572
Premium
19,890
Management exPenses
10,620
Consideration for annuities granted
20,000
Dividend Paid
s2
Fines
29,420
Annuities
79,980
Claims bY death
36,420
Claims bY maternitY
26,451
Commission
55,461
lnterest, dividend and rent
3,060
lncome tax on interest
21,860
Surrenders
9,450
Bonus Paid in cash
2@
Preliminary expenses
80'034
Claims admitted but not Paid 2'500
O/spremium
4O0
Stamp on hand
22'380
Paid
Annuities due but not
8'70'890
Government securities
3'09'110
Mortgages loan
5'00'000
Freehotd Premises
1'00'000
House ProPerties
4'50'000
Share caPital
20'000
Furniture 2'50'000
Loans on companY Policies
the following'
prepare Revenue Accounts and B/s after taking into consideration
a) Claims intimated further{ 5,000'
b) Claims covered reinsurance{ 25'000'
NS - 440 -6-
I Iilililt iltil lll tilli illl ililI
10' From the following Trial
Balance extracted from.the
Ar" toi tn?vlar ended s books of Rajkumar farm
::* lfljffi#r, r naa,.c h
" 2015 and the Barance
sheet
Debit Batance
Opening Stock
t Credit Balance
Sales
Livestock 1,50,000
Livestock 48,000
Paddy
60,000 Paddy
Catile Feed 2,12,000
11,000 Mitk
Fertilisers 1,57,000 4,17,00(
5,000
Seeds
3,000 2,2g,ooo
Purchase
Sundry creditors
Livestock 30,00c
30,000 O/s expenses
Catile feed 4,40c
60,000 CapitatA/c
Fertilizer 4,91,80c
16,000 Billpayabte
Seeds 5,200
5,900 1,11,900
Sundry debtors
25,000
Repairs of equipment
12,000
Farm equipment
1,70,000
Crop expenses
50,400
Live stock exp,s
12,500 r
Generalexpenses
11,70a
Cash in hand
7,500
Cash at Bank
8,500
Land and Building
3,00,000
9,39,400
9,38,400
4
3';,?,,i3,i's:Jrff3[:lf;313: .',"stock r 1,32,000 cat,e feed r 6,000,
t) of the farm outpur bv the proprietor
I!:aSSnsumption Mirk T 6,000, paddy
c) Provide 1o% depreciation
on farm equipment and
5% on rand and buirdings.
rrllr | | I l tlllllllllllllllll -7- NS - 440
' 1, . a) On 1-6-2014 Mr. Ajay acquired 6000 equity shares of t 10 each in PQR Ltd'
for{ 1,20,000 on cum-Right lnput, basis PQR Ltd. declared
a) One for three bonus shares

b) One forfour right issue on 1-9-2014 at20% premium'
1) Mr. Ajay took up the half of the right issue'
2) Sold half of its total shareholdings on 31-12-2014 fort 74,000

c) Sold the remaining rights share for{ B/share.
Prepare lnvestment Account for the year ended 31st Dec. 2014.
b) Given below is an extract of the Trlal Balance of lndian Bank as on

31-3-2014.
Particulars Dr. Cr.
'16,80,000
Bills discounted
Rebate on bills discounted (1-4-2013) 8,040
Discount received during the year 85,912
Analysis of the bills discounted as given above shows the following.
Amount of Bill Due date Discount Rate
2,40,000 June-06-2014 10% P.A.
4,40,000 June-12-2014 10% P.A.
3,00,000 June-26-2014 12%P.4.
5,00,000 July-06-2013 B% P.A.
2,00,000 August-05-2013 12%P.4.

.' , I
16,80,000
Calculate how much discount received to be credited to P/L fuc.

Ifiililillliltilttilt!ilfiilllilt
NS - 452
v semester B.com. e*r*in1ti?n, ruorember/December 201 6
(Repeaters) (2014-15 and Onwards)
COMMERCE
5.5 : Elective paper - r : Advanced Accounting
Time : 3 Hours
Max. Marks : 100
lnstruction : Answer should be completely either in Kannadaor in English.
SECTION _ A
. Answer any ten questions.

61n\iN
*i/
1 Each carries 2 marks. (JI -;''\f_.-1
.v -/'.1+ (2x10=20)
a) What is bank overdraft ? (K*{t L ltsY( -
b) What do you mean by non-performance assets ?
c) Name any four exampres of operating expenses as per

schedure 16 of
B.R.A. 1949.
d) What is banking company ?
e) Mention any two statutory books to be maintained by a life insurance company.
f) What is meant by reserve for unexpired risk ?
g) Give the meaning of Reversionary Bonus.
h) Mention different types of general insurance.

i) State methods of inflation accounting.
j) Give the meaning of gearing.
k) State two objectives of farm accounting.
l) What is ex-interest and cum-interest ?
P.T.O.
NS - 452 rffiIiltllllililililtililllffit
SECTION _ B
Answerany four of the following questions. Each

carries g marks. (4x8=$!)
2. calculate Rebate on Biils Discounted as on s1-3-2016 :
Date of bill Amount (t) Period of bill Rate of discount

15-01-16 40,000 5 months 12o/o p.d.
10-02-16 30,000 4 months 13% p.a.
20-03-16 20,000 2 months 14/" p.a.
3' Calculate the premium earned (net) for the year ending
31-03-2016 from the
following in case of Fire lnsurance:
t
Premium received less re-insurance
13,90,000
20,000
Premium outstanding on 31_g-2016
16,000
Reserve for unexpired risk on 1_4_2015
7,00,000
Additional reserve on 1-4-2015
80,0@
It is the policy of the company to maintain
50% premium towards reserve for
unexpired risk, additionat reserve is to be increased
by s%of net premium.
4' on 1-1-2015, 2oo O%debenture of r 100 each of X Ltd.
were held as investment
in Y Ltd. at a cost of r 1g,200. lnterest payable on 31st December.
a) on 1-4-201s { 4,ooo of such debenture were purchased y Ltd.
by @T gg
each cum interest.
b) on 1-9-2015 { 6,000 debentures were sord at t g6

ex-interest.
c) on 1-12-2015 T g,ooo debentures were sord atT g9
cum-interest.
d) on 31-12-2015 Y Ltd' sold t 1o,ooo debentures @ { 95 cum-interest.
Prepare the lnvestmentAccount for 6%
debenture of x Ltd. in the books of y Ltd.
ililIilil IilIilil!flil ililtilil till
NS - 452
5' while preparing the final accounts of banking company,
the following items are shown.
a) Locker rent
b) Statutory reserve
c) Stamps in hand
d) Gold
e) Profit on sale of investment
f) Non-banking assets
g) Silver
h) Depreciation on bank property.
6. what is farm accounting ? state the features of farm accounting.
SECTION _ C
Answer any 3 questions. Each carries 16 marks.

(3x16=48)
7 ' Shri Lakshmi Bank Ltd. requires you to prepare Profit
and Loss A/c and Balance
Sheet as on 31st March 2016.
Shri Lakshmi Bank Ltd.

Trial Balance as on 31st March 201G
Particulars Dr. (t) Cr. (T)
Share capital of T 100 each
5,00,000
Reserve fund
2,50,000
Loans, cash credit and overdraft 2,95,000
Premises
50,000
lnvestments in Govt. securities 4,00,000
Current deposits
1,00,000
Saving bank deposits
50,000
Fixed deposits
1,25,000
,
NS - 452 4- ililffiflffililtffillililr
Rent rates and taxes 2,300

Generalexpenses 27,400
PlL Nc on 1-4-2015
16,000
1,28,000
Stationery 8,500
Bills purchased and discounted 46,000
Recurring deposits
20,000
Shares 50,000
Cash in hand and with RBI 1,93,000
11,99,000 11,99,000
Adjustments :
a) Endorsement made on beharf of customers amounted to{ 57,s00.

b) Unexpired discount amounted tot 1g0.
c) lnterest accured on investment { 4,000.
B. The following Trial Balance was extracted from the

books of Oriental Life
Assurance Co. Ltd. as on 31-3_2016 :
Particulars Dr. (T) Cr. (t)

Share capital
1,60,000
Life Assurance Fund on 1-4-2015
29,72,300
1,12,700
Premium received
1,01,500
Surrenders 7,000
lilll ruilnffiffiiln -5- NS - 452
Agent balances 9,300
Fnee hold premises 40,000
Loans on companY Policies 1,73,600
Cash on dePosits 27,000

Cash in hand 7,300

33,46,500 33,46,500
You are required to prepare Company's Revenue A/c for the year ended
3'1s:March 2016 and its Balance Sheet as on that date,
Adjustments:
t
a) Claims admitted but not paid 9,300
b) Premium outstanding 12,000
c) lnterest accured 19,300
d) Management expenses due 200
9. The following balances are extracted from the books of United lnsurance Co.
Ltd. as on 31st March 2016 :
Particulars Fire (t) Marine (t)

Claims paid 4,00,000 3,48,000
Premium less re-insurance 14,96,000 11,88,000
Commission on re-insurance ceded 52,000

Reserue as on 1-4-2015 96,000 44,000
Premium outstanding on 1 -4-2015 1,04,000 68,000

NS - 452 Iflilfliltilililtililililttll
Depreciation on assets 1,44,000

Audit fees 52,000
Director's fees 1,44,000
lnterest and dividend received 2,S2,OOO
Additional informations :
a) Premium O/S on 31 -3-201 6 : Fire t 1 ,20,000, Marine t 60,000.

b) Claims O/S on 31-3-2016 : Fire{ 1,84,000, MarineT 68,000.
c) Reserve for unexpired risk to be maintained at 50% and 100% of net premium
d) Additional reserve for fire to be kept at 20% of net premium.
Prepare:
1) Fire Revenue A/c
2) Marine Revenue A/c
3) P/L A/c.
'10. The following Trail Balance and Additional lnformation, prepare Crops A,/c,
Live Stock A/c and Final Accounts of Divya Farm House for the year ended
31st March 2016 :

Opening stock on 1-4-2015 :
Livestock 7,50,000
Paddy 3,00,000
:
Cattle feed 55,000

Fertilizers 25,000
Seeds 15,000
Capital 22,00,000
Land and Buildings 13,75,000
Farm equipments 7,50,000
.' .-............ .-.'
!t!!t | !! --
-.
lril
IIIIIIEilII -7- NS - 452
Bankbalance 42,500
Cash in hand 36,500

22,000
Outstanding general exPenses
Purchases:
Livestock 1,50,000
GatUe feed 3,00,000
Fertilizers 80,000
Seeds 29,000
Eryenses:
CroPs 2,72,000
Livestock 62,500
General 58,500
Sales:
Livestock 2,40,000
Paddy 10,78,000
Milk 7,96,000

44,66,000 44,66,000
1) Closing stock on 31 -3-2016 :
Livestock 6,60,000
Paddy 1,50,000
Cattle feed 30,000
Fertilizers 17,500
Seeds 13,500
2) Depreciate Land and Building at 4/"p.a.and farm equipments at 1O%p'a'

3) The owner withdrew milkt 3O,OOO and paddyt 48,000 for personal use'
Ifiililillliltilttilt!ilfiilllilt
NS - 452
v semester B.com. e*r*in1ti?n, ruorember/December 201 6
(Repeaters) (2014-15 and Onwards)
COMMERCE
5.5 : Elective paper - r : Advanced Accounting
Time : 3 Hours
Max. Marks : 100
lnstruction : Answer should be completely either in Kannadaor in English.
SECTION _ A
. Answer any ten questions.

61n\iN
*i/
1 Each carries 2 marks. (JI -;''\f_.-1
.v -/'.1+ (2x10=20)
a) What is bank overdraft ? (K*{t L ltsY( -
b) What do you mean by non-performance assets ?
c) Name any four exampres of operating expenses as per

schedure 16 of
B.R.A. 1949.
d) What is banking company ?
e) Mention any two statutory books to be maintained by a life insurance company.
f) What is meant by reserve for unexpired risk ?
g) Give the meaning of Reversionary Bonus.
h) Mention different types of general insurance.

i) State methods of inflation accounting.
j) Give the meaning of gearing.
k) State two objectives of farm accounting.
l) What is ex-interest and cum-interest ?
P.T.O.
NS - 452 rffiIiltllllililililtililllffit
SECTION _ B
Answerany four of the following questions. Each

carries g marks. (4x8=$!)
2. calculate Rebate on Biils Discounted as on s1-3-2016 :
Date of bill Amount (t) Period of bill Rate of discount

15-01-16 40,000 5 months 12o/o p.d.
10-02-16 30,000 4 months 13% p.a.
20-03-16 20,000 2 months 14/" p.a.
3' Calculate the premium earned (net) for the year ending
31-03-2016 from the
following in case of Fire lnsurance:
t
Premium received less re-insurance
13,90,000
20,000
Premium outstanding on 31_g-2016
16,000
Reserve for unexpired risk on 1_4_2015
7,00,000
Additional reserve on 1-4-2015
80,0@
It is the policy of the company to maintain
50% premium towards reserve for
unexpired risk, additionat reserve is to be increased
by s%of net premium.
4' on 1-1-2015, 2oo O%debenture of r 100 each of X Ltd.
were held as investment
in Y Ltd. at a cost of r 1g,200. lnterest payable on 31st December.
a) on 1-4-201s { 4,ooo of such debenture were purchased y Ltd.
by @T gg
each cum interest.
b) on 1-9-2015 { 6,000 debentures were sord at t g6

ex-interest.
c) on 1-12-2015 T g,ooo debentures were sord atT g9
cum-interest.
d) on 31-12-2015 Y Ltd' sold t 1o,ooo debentures @ { 95 cum-interest.
Prepare the lnvestmentAccount for 6%
debenture of x Ltd. in the books of y Ltd.
ililIilil IilIilil!flil ililtilil till
NS - 452
5' while preparing the final accounts of banking company,
the following items are shown.
a) Locker rent
b) Statutory reserve
c) Stamps in hand
d) Gold
e) Profit on sale of investment
f) Non-banking assets
g) Silver
h) Depreciation on bank property.
6. what is farm accounting ? state the features of farm accounting.
SECTION _ C
Answer any 3 questions. Each carries 16 marks.

(3x16=48)
7 ' Shri Lakshmi Bank Ltd. requires you to prepare Profit
and Loss A/c and Balance
Sheet as on 31st March 2016.
Shri Lakshmi Bank Ltd.

Trial Balance as on 31st March 201G
Particulars Dr. (t) Cr. (T)
Share capital of T 100 each
5,00,000
Reserve fund
2,50,000
Loans, cash credit and overdraft 2,95,000
Premises
50,000
lnvestments in Govt. securities 4,00,000
Current deposits
1,00,000
Saving bank deposits
50,000
Fixed deposits
1,25,000
,
NS - 452 4- ililffiflffililtffillililr
Rent rates and taxes 2,300

Generalexpenses 27,400
PlL Nc on 1-4-2015
16,000
1,28,000
Stationery 8,500
Bills purchased and discounted 46,000
Recurring deposits
20,000
Shares 50,000
Cash in hand and with RBI 1,93,000
11,99,000 11,99,000
Adjustments :
a) Endorsement made on beharf of customers amounted to{ 57,s00.

b) Unexpired discount amounted tot 1g0.
c) lnterest accured on investment { 4,000.
B. The following Trial Balance was extracted from the

books of Oriental Life
Assurance Co. Ltd. as on 31-3_2016 :

Share capital
1,60,000
Life Assurance Fund on 1-4-2015
29,72,300
1,12,700
Premium received
1,01,500
Surrenders 7,000
lilll ruilnffiffiiln -5- NS - 452
Agent balances 9,300
Fnee hold premises 40,000
Loans on companY Policies 1,73,600
Cash on dePosits 27,000

Cash in hand 7,300

33,46,500 33,46,500
You are required to prepare Company's Revenue A/c for the year ended
3'1s:March 2016 and its Balance Sheet as on that date,
Adjustments:
t
a) Claims admitted but not paid 9,300
b) Premium outstanding 12,000
c) lnterest accured 19,300
d) Management expenses due 200
9. The following balances are extracted from the books of United lnsurance Co.
Ltd. as on 31st March 2016 :
Particulars Fire (t) Marine (t)

Claims paid 4,00,000 3,48,000
Premium less re-insurance 14,96,000 11,88,000
Commission on re-insurance ceded 52,000

Reserue as on 1-4-2015 96,000 44,000
Premium outstanding on 1 -4-2015 1,04,000 68,000

NS - 452 Iflilfliltilililtililililttll
Depreciation on assets 1,44,000

Audit fees 52,000
Director's fees 1,44,000
lnterest and dividend received 2,S2,OOO
Additional informations :
a) Premium O/S on 31 -3-201 6 : Fire t 1 ,20,000, Marine t 60,000.

b) Claims O/S on 31-3-2016 : Fire{ 1,84,000, MarineT 68,000.
c) Reserve for unexpired risk to be maintained at 50% and 100% of net premium
d) Additional reserve for fire to be kept at 20% of net premium.
Prepare:
1) Fire Revenue A/c
2) Marine Revenue A/c
3) P/L A/c.
'10. The following Trail Balance and Additional lnformation, prepare Crops A,/c,
Live Stock A/c and Final Accounts of Divya Farm House for the year ended
31st March 2016 :

Opening stock on 1-4-2015 :
Livestock 7,50,000
Paddy 3,00,000
:
Cattle feed 55,000

Fertilizers 25,000
Seeds 15,000
Capital 22,00,000
Land and Buildings 13,75,000
Farm equipments 7,50,000
.' .-............ .-.'
!t!!t | !! --
-.
lril
IIIIIIEilII -7- NS - 452
Bankbalance 42,500
Cash in hand 36,500

22,000
Outstanding general exPenses
Purchases:
Livestock 1,50,000
GatUe feed 3,00,000
Fertilizers 80,000
Seeds 29,000
Eryenses:
CroPs 2,72,000
Livestock 62,500
General 58,500
Sales:
Livestock 2,40,000
Paddy 10,78,000
Milk 7,96,000

44,66,000 44,66,000
1) Closing stock on 31 -3-2016 :
Livestock 6,60,000
Paddy 1,50,000
Cattle feed 30,000
Fertilizers 17,500
Seeds 13,500
2) Depreciate Land and Building at 4/"p.a.and farm equipments at 1O%p'a'

3) The owner withdrew milkt 3O,OOO and paddyt 48,000 for personal use'
ilil|ilililililil]flill|ilflIl ,6 3 cs - 285
V Semester B.Gom. Examination, March 2023
(CBCS) (2016 - 17 and Onwards) (F+R)
COMMERCE
5.5 : Elective (Paper - l) : Advanced Accounting
lnstructlon : Answer should be written completely either in Englieh or
in Kannada.
SECTION * A
1. Answer any live sub-qgestions from the following. Each sub-question carries
two marks. (5x2=10)
a) What is meant by Non-performing asset ?

b) State unexpired risk reserve rate to life insurance and general insurance
c) State the methods of inflation accounting.
d) What do you understand by cum-dividend securities ?
e) Expand : IRDA.
f) Mention any two objective of farm accounting.
g) State any four Monetary Assets.
SECTION - B
Answer any three questions from the following. Each question carries 6 marks.
(3x6=18)
2. Calculate Rebate on Uitt discounting of Swasthik Bank Ltd. From the following
details as on 31-3-2020 the details of bills.
Sl. Due date Bills amount Rate of Discount
(T)
1 on 30-6-2020 2,00,000 12%
2 on 01 -8-2020 2,00,000 lAYo
3 on 31 -8-2024 5,00,000 6Yo

P.T.O.
cs - 285 IflfftililtiltililtilI]illllt
3. From the following particulars prepare the Fire Revenue Aocount

for the year
ending 31.3.2022.
Particulars t
Claims unpaid on (1 .4.2021) 70,000
Claims unpaid on (31 .9.2022) 1,30,000

Legal expenses regarding claims 20,000
Re-insurance premiums 2,00,000
Commission 3,00,000
'i ;.
.:;..
.-:
-Management expenses 5,00,000
Provision against unexpired risk on (1-4-2021) 9,00,000
Commission on Re-insurance ceded 90,000

Bad debts 10,000
4. classify the following into Monetary and Non-monetary Assets.
a) Cash in hand
*
b) lnvestment
c) Creditors
d) Debentures
e) Buildings
0 Bank loan.
rllililrilrillillilililtillilt cs - 285
5, Prepare a crop account of farmer.

Particulars Amount
(r)
Opening Stock:
a) Grains 4,000
b) Seeds and Fertilizers 9,000
Purchases :
a) Seeds 3,000
b) Fertilizers 6,000
Sale of grain 40,000
Grain distributed as wages 3,000
Wages paid in cash 2,000
Grains consumed by proprietor 3,000
Crop insurance 500
Electricity Bill 500
Closing Stock:
a) Grains 5,000
b) Seeds and Fertilizers 5,000
6. State the advantages and disadvantages of inflation accounting.

SECTION - C
Answer any'three questions from the following. Each question carries

14 marks. ,*.;
(3x14=42)
7. From the following Trail Balance of Sira Bank Ltd. Prepare Profit and Loss
Account for the year ending 31 -3-2022 and Balance sheet as on that date.
Particulars , Debit (t) Credit (t)

10,000 Shares of t100 each 10,00,000
cs - 285 Iil]ilililtiltililfl]iltI
Cash with RBI 1,00,000

Loan and Cash Credit 14,00,000
Borrowing from Pavagada Bank 2,00,000
Pension fund 1,00,000
Unclaimed Dividend 50,000
Furniture 80,000
Premises 3,20,000
Rent 10,000
Diecount and lnterest 6,00,000
Commlselon racelved 60,000
Salaries ,oôoo
lnterest on deposit 3,10,000
Audit fee 9,000
Directors fee :
7,000
Depreciation 9,000
Sundry oxpenses 2,000
PIL Nc (1-4-2021') 60,000
34,30,000 34,30,000
Adfustments :
1) Provide T 10,000 for rebate on Bills discounted.

2) Provide ( 20,000 for bad debts.
3) Bill for collection t 1,00,000.
4) Provision for taxation t 6,000.

I lllilt lil]l ill lrfl lllll llll lll cs - 285
8. From the following Trail Balance extracted from the books of Govindappa a
farmer, drawup his final account.
Debit Credit
Opening stock : Sales :
a) Livestock 2,00,000 a) Livestock 60,000
b) Grains 50,000 b) Grains 80,000
c) Vegetables 5,000 c) Vegetables 30,000
Purchases : d) Dairy products 15,000
a) Livestocks 30,000 Sundry creditors 15,000
b) Seeds and ferlilizer 12,000 Mortgage loan 2,30,000
c) Cattle feeds 10,000 Capital introduce 4,00,000
Sundry debtors 30,000 (lnvestment)
Wages 8,000
Rates and insurance 4,000
Repairs and maintenances 12,000
Drawings 9,000
Cash at Bank 10,000

Land and Building 3,00,000
8,30,000 8,30,000
1) Closing stock on 31 -12-2022 : livestock { 70,000, Grains { 1,00,000,

Vegetables t 10,000, Dairy produce t 10,000.
2) Depreciation on farm machinery by 10%,
3) Grain worth ( 8,000 was given to the labourers as a paft of their wages,
4) Vegetables wonh t 10,000 wero oonsumed by the proprietor
I
cs - 28s Iilllltililtiltililflil]illllt
9. Prepare catfle account from the foilowing detairs.

Particulars No. of catfle Amount (t)
Opening stock:
a) Cattle ,:. 1,00,000
b) Cattle feed
50,000
Purchases:
a) Cattle 250 2,00,000
b) Cattle medicine
50,000
c) Cattle feed
10,000
lnsurance
15,000
Depreciation on catfle shed
10,000
Sale of cattle 300 3,00,000
Sale of slaughter cattle 20 50,000
Sale of carcases 10 5,000
Closing stock:
a) Cattle 150 1,OO,OOO
b) Catile feed
1o,ooo
c) Cattle medicine
5,000
Adfustments :
1) The crop grow T 1o,ogo was used in cattle dlvlslon.
2) Cattle rearlng expenses t 2O,OOO.
1o' A) Mr. Dorebabu sotd 400 equity shares of ( 10 each @

12per share and the
brokerage there on was 2To.Hepurchase immediately450
shares of Biocon
Co' Ltd. { 10 each and paid brokerage there on2o/o,Ascertain
the cash lett
,, ;'1,T,:::T;srics or rarm accountins

rt
rilffiilfltiltilltiltflttilt -7- cs - 285
11. The following Trai! Balance was extracted from the Evershine Life Assurance
Co. Ltd. as on 31-3-2022.
Particulars Deblt (t) Credit (Q
Share capital (share of t 10 each) 2,00,000
Life assurance fund as on 1-4-2A21 30,00,000
lnterest, Dividend and Rent 2,35,000
Dividend paid zoôoo
Audit fees 32,000
Agents balance 10,000
Freehold premises 50,000
Loan against companies policies 1,73,000
Cash deposit 27,000
Current account 20,000
Surrenders 10,000
,1.
37,55,000 37,55,000
Adfuetmonts :
1) Claims admitted but not paid t 10,000.

2) Audit fees outstanding t 2,000.
4) Premium outstanding t 20,000.

Prepare Revenue Account and Balance Sheet of Evershine Life Assurance Co.
Ltd. as on 31 -3-2022,
I l
cs - 28s -8- Iilil]ililtiltill]tilrtilllll
edae{,Q
At'pall - cD
1. Cndcnddo ecu$ eru#-{,dorl9ri e,Ddo&. dg eruA-{{ri add: erodrlq;b. (5x2=10)
a) aad8isJ,)dodrod ernrldodded: ?
b) dedadr abdl xoCnd, aabden&d er{eaBd pano$d a:elOd dddd} ?
c) deocbqd ando$ eqadr1$dtr ea&.
d) enqnod lbd ?rdd aoddenb ?
e) IRDA oSrq arotu.
f) dra andoJ: oln$emddo add: wdoedrlSdq 391.
g) CrEd)ciDddra NEe:ld ddad {d:d$d} eexl.

s?,pod - L)
oCnderoddo dlra& {,dqrt9rl erudoxr. d,.g {,d4ri e.r& e.rodil$J. (t
2. &6r ?rorot6 dod&Cr dddod z.:dddu DerrJdS eddd$di 31-3-2A20 &ead.
il0. eoga$ 6inod DO*d dJag loeB dd

dra.
1 90-6-2020 2,00,000 127o
2 01-8-2020 2,00,000 1lYo
3 31-8-2020 5,00,000 6Yo
$e)ilri$ d.ne&oi: oodJDol)8o$dt dodlb&o):o.

I tillll lillfl ill llllr lllll lill lill cs - 285
3. * d$nd sddfigod ec[ elcno$ an6oJ:Q g1 .3,2022 fc do$DoBJ.
Sddilqt)
zmdrdrl$ and8 8,00,000
z,rofirdrl$ sms (1 .4.2021) 70,000
zoafirdrl$ mE (31 .3.2022) 1,30,000
anfrdroh rodo$ eDa$r 20,000
iC,ndodl ddOdro 22,00,000
$drXdn dodl 2,00,000
dq? 3,00,000
odFdilrD $ubr 5,00,000
dDnod)d odgd arrBt ( 4-2021\ 9,00,000
dlcbedra dced 6a:a, toq dqe 80,000
dddc mer 10,000
4. &d$ndd)d$rq ddd: {Qd9: t$Q drlde.r-d {d:dvan dflredorr.

a) drld:
b) dJo&dd$,r
c) Cerlst>
d) me;d$rlst>
e) dgdrl$t
f) uaro8d noel.
cs - 285 -10-
rfifltililtiltililtflililililI
5. dddd ajd ando$dJ dC)Eo,b.

Addrl$r -E3-sF r
rl
î iy-
-.rr
F)
udozpd oainab :
a) Faddrlst) 4,000
b) Deurl$ at Q d$rtogdrt$ 9,000
aDOe6rldr :
a) e,eerrld: 3,000
b) dBriogdrf$: 6,000
eddd dnooos
40,000
dro0aJDn g?dd AdOdenhd
3,000
deddddl ddu$ doddO_ aad8BenAd
2,000
d:aoedcb ugad e.-rd,, rl$t)
3,000
d)d& ilQ &drd# 1,000
sJSed)
500
e.rrrqg Ee)t
s00
ero.gab cnxadr :
a) eDddd$l) 5,000
b) neeurlsb afra: ddrtoqdrtvt> 5,000
6. deoubgd andoJc epnbd,oE ut qrd,DrbdrD,rl$rrbq.99&.
e
oryarl - &
fgnd obCunddrD utr/o$ gdnrle w$0&.

ES Sd*rf 14 eroddrb. (3x14=421
' 3,d-,H#g$ffi,:r*?,BAT.f#j f;BffitH",aqr ar']e drd eDs
OddrlTt ut:rd (t) dD ({)

10,000 Uecbrlg d:cal s,Je, il OO
10,00,000
dd aod.) a$A: uende dorjd dea 4,00,000
tuedw 0Q
2,50,000
llllllllllillllllllllllllllflllll -1 1- cs - 285
E_rcrO;1)d drldr 5,00,000
RBI deJ$d drldJ 1,00,000
eilQ ded$ 11,00,000
raerrl$c drd; ilrld: etDqo 14,00,000
doBdrl#: 2,00,000
eadrld zroro60od xael 2,00,000

p,^rie4 lA
wvwl9 ivY/ 1,00,000
dEJd ido$d enqnod 50,000
aed.,o edddearlq;t: 80,000
erddea 3,20,000
zroEri 10,000
z.lB
@r
d.:$ iloe6 6,00,000
z{asoi
uJ\J(J tr
9. olF\9.7<\
\ I \./^J|JJ 60,000
^J
?aa roi 90,00;
^JU(NV
deCdcJ: $eod uq 3,10,000
g5 iouroead u:e: 8,000
o '' t
&CerEdd d,:o, 7,000
idde 9,000
ffidso c:+ti deaDoa F'Ddln ilsb 4,000
.adde $abrrlqb 2,000
sD?rJ ubq d{and (1-4-20211 60,000
04,30,000 34,30,000
dooc$rddrlqb :
1) d:04il9 &eei t 10,000 OctEo$g e.dh,l.

2) dddr xae:rlgrrofl ( 20,000 &eB.
3) ?iegflS Bo[,d T 1,00,000.
4) dorinDR ?"dntu { 6,000.
I
cs - 2s5 -12- lllllllillllllllll|lnfltBr*
8. e dsnd as isotu rloeaodi cot^: drdd d{dr1*oa ud;. dtcdoo@d; erdd

eo8d: dd.rl#d1 dCrDo&.
erdoz,Jd :
6Eed: Cnooo,lrlgo :
a) ded crEe& 2,00,000 a) ded 6EeS 60,000

b) eadrrl$c SO,OOO b) mdurt+c 8O,OO0
c) ddmorl$c 5,000 c) ddraodg: gO,00O
$be0tud:o r -r aeo:
d) ----- w*ddri#c 15,OOO
lo.
a) deil croedl 90,000 add f,irl+: 15,OOO
b) atearlsbildl rio?rd 12,000 eC.t* ag 2,3O,OOO
c) ddrlgri esord 1O,OOO r,Jocilv drGd 4,O0,OOO
edd ul)rdrlsc 30,OOO
doO 8,000
.)dJ ildJ ddrlsc 4,000
cbd& $a3:rrl$c 12,000
*oddu
en:do3oentd.: 9,OOO
z,nroEd0_drld: '1O,OOO
drd;oo$d eruiddearlSc 1,5O,OOO
?,trotu abdr dqdrlsc 3,00,000

8,30,000 8,30,000
*:t
da$do
?c
dn&grlgc :
1) ero8atrc,Ded: 91-12-2022 doub : de# oaxonb r 70,000, eaddd$b ( 1 ,00,000,

ddraorl$o t 10,000, 6er) eruddrlsc { 10,000.
2) drdmo$ eroiddeorls d.:eed idde 10% d&,j

3) t 8,000 dd*QEdddgq ro.brdori Eoo dosdo_dodenfld.
4) { 10,000 dd*1 tFe-rrd ddaoooi:d1 Cnoedcb

{oddr ud&cnd.
Itililttilltflttlllltffiilililt -'13-
cs - 285
9. d$dod eddrleod rodtaad: &rod dolDoxl.
addd$r md:aacb no"r, d,og (T)
udozpd oamd: :
a) esed:arod: 200 1,00,000

b) end:ancb etaad 50,000
$OeO:
a) aod:md:ri$o 250 2,00,000
b) aod:aacbrleri Bde 50,000
c) urod:and.: esa- d
tr 0,000
\:^, cÎJ
15,000
do%riol, idde
10,000
esE$ilodJrl$ dncnut 300 3,00,000
d;eo:andri eonbaactr Cncnut 20 50,000
esad:ead:dg ddez,rd dncno"l 1o 5,000
,ss,n3.-.
vvv* 1-.F*\
W9^Jga!
.
.
j
a) esEdrmd: 150 1,00,000

b) eoaJ:md: emd 10,000
c) m.$sdr tr=g 5,000
dooaaedfrlqb;
r)
1) d$d d$o$db aoiband.: t 10,000 zuSd.
fleOrt*u
2) eod:asacb xaraedd $aJ:r t 20,000
10' A) $ecr:d dodzlaap 400 xacnd, ded:rt#d1 t 10 "aqil)$deJo$ decbdsdl
t 12 do cnmul cndennd abe dq,q aJz$r dedoa 2% de*,nd. "add: ar:$
?,roo3.roe6!c doc&cdc 450 dedcrrgo,l t 10 dod dood.:doo&:o-cod dedp
dedd 2 dq deqe amderqJ. oarndd dodz,napfrd uq erDed srr*r*1r
B) 6a ando$ erf,earlge r^.rdou:0.
.o.
cs - 285 -14. rlllllllllilt |illll
lil ilil11 lill
11' €ldd8unl. ded edra Bo{0oi:a:dood datrdor dqo$q g1.g-2022 ddo$ond.

Addilrb (t)
u$r-d?f$jr Corlsr ({)
decb uodaa$ (dlaDajeJ T 1O)
2,00,000
ded &dn droa 1-4-2O21Eo
30,00,000
ddddledn doetr
3,20,000
u%, enspoE a$eb ?iiDBri
2,35,000
enqnoS aod8
20,000
erdr dodoefian dcelo

32,000
rpddd{qedilDd 4,93,000
duggrleod unt 10,000
eru$dmdd dqJdrtqi) 50,000
aa0nrodorl &ead aloedxif 30,000

emdrdns aad8
2,00,000
6doAdd$b
26,90,000
aab aaOldst abeel Oead xaer 1,73,000

*:i
drlc$ dedrd 27,000
zmo and
20,000
ro0rrdqi dJdJ x,Ddeed

10,000
asad0efi der?.e
10,000
37,55,000 37,55,000
ril]iltililtiltililtfiililililil -15.
cs - 285
dyaoa:a$frlqb:
1) zroqddsda x&edo&cb erdd and8odnfle.:_ t 1O,OOO.
2) drodddd eJdr dodoedoa d:o. T 2,OOO.
3) udddo rrqt 2O,OOO.
4) udddo DdD do$ T 2O,OOO.
*dc,6ddil6 ded.)dn lodod: eroao$ando$q fi -g-2a22 fr abe eFrd dgds*

$dda&
o
)
*,
.o.

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UG 171

Instruction: Answer should be written completely either in English

a) What is rebate on bill discounted ?

c) State two objectives of Farm accounting. IARH

e) State two advantages of Inflation accounting.

f) What is cum-interest and ex-interest quotation of securities.

g) What is MWCA ? How can it be calculated ?

Claims paid 8,46,000

ii) Commission and exchange

vi) Law charges.

Income tax paid 84,000

Opening stock 01/04/2019

sTo oRTD 01/04/2019

Audit fees-7 26,000

aeadao sroed s-7 16,000

4) o aTeD tiod ibri dss 20, sbeds oii sso10 TOa

Life Assurance fund (1-4-2019) 14,70,562

a) Claims intimated further 5,000

b) Claims covered reinsurance 25,000

1-4-2019 do3 ies DbD DQ 14,70,562

Purchases Dairy produce 15,000

1) Closing stock on 31/12/2020 Livestock 80,000, Grain 7 1,00,000,

2) Depreciate farm machinery by 10%.

1) amcb tmmb31/12/20200odb: ed ombr80,000, peRNEDT 1,00,000,

Loans, Cash credits 15,00,000

4) Provide for taxation 4,000.

eD doay sospsog 31/03/2020 Tooan JadoOA:

1) sboars abes 7 5,000 bodpod3 dh.

2) Bd DeNeon 7 22,000 ea.

3) eadd doon rorarev oreb 7 50,000

& o zatetozd anisdohooc tenrtd abedoodnatb8acbbdordbaao.

(F+R) (CBCS) QA16- 17 and Onwards)

Instntction : Anstuers should be uritten completelg either in English or in Kannada.

1. Ednd dn$rmddo eccb erud-dd.rlari er.)90&. 0e n0 eJgddd ndu$ "icdd+:.

.\'{ention four special features of Accounting for Banking Companies.

State the provisions of Section-17 (1) of the Banking Regulations

(c) d:doarl$ &,:eie.:r aodde$ ?

What is Catastrophe Reserve ?

(e) deodald d{*{F odd: aeodrl$&d erugee}:r.

ifl {A atut*o^:Erl$ ersdiDaso$ odd: wdedds$* e;do$o,

13.1.2019 75,000 4 8.5

calculate Rebate on Bills Discounted for the \.ear ended 31-3-2019.

Amount Rate of Intere st

13.1.2019 75,000 4 8.5

3. SSnd dm&8rleod 31.3.2018dd d.,odriood ddrd* qodd$+ dodr&co3:od ie.:raoh

dBrl"oarddq;b 16,O00 1,19,000

zgdd e3eesrtcji 12,000

.t+1 n" \,t,+.i\

*:.*--* *r]-*- i:i.:;,* 75,000

g-. xo5 c$eJ.oei1ii, ?Jq&d , \lcrf(J 15,000

6pl-J& Gtosn$ d)d:r a)23:r 50,ooo

zrdd zrerrlq;t> 10,ooo

Fertilizers 16,000 1,19,000

I Fertilizers Lg,o00 30,000

lSd".y paid in cash 1,15,000

Wheat consumed by the proprietor 15,O00

Grains consumed hy livestock section 75,OOO

Depreciation of farm machinery 3,000

31.3.2o19 do* dndg da3d dob.9 :

ifl {A atuto^:Erl$ ersdiDaso$ odd: wdedds$ e;do$o,

:.--* r]-- i:i.:;,* 75,000

{c) Ea#-d{ a:odrld: do$oon.

(c) d)d)ed)rs doxod effo &oeoddsr 11,000