Download OU Intermediate 2018 Core Subjects 0258 Commerce Question Paper

Max. Marks : 100

I

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1. Types of warehouses
2. Adoptive or imitative entrepreneur
3. Bridge Loans
4. Exchange Rate

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5. Bill of Lading
6. Certificate of Origin

© PART-IL - (Marks 50)

SECTION - D (20 Marks)

Answer the following questions:

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1. X, Y and Z are the partners sharing profits and losses equally. Their Balance Sheet as on 31^st March, 2017 was as under :

Liabilities

Assets

Amount Rs.

1. From the following Receipts and Payments account of 'Srisudha Nilayam' for the year ended 31-03-2017, prepare Income and Expenditure Account.

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Answer any two of the following questions:

1. Write the differences between receipts and payments account and income and expenditure account.
2. Raju Traders purchased Machinery for Rs. 40, 000 on 1^st April, 2015. On 30^th September, 2017 they sold the Machinery for Rs. 14,000. Depreciation is charged at 10% on fixed installment method. Prepare a Machinery account.
3. Prepare the profit earned by Shiva, who keeps his books under single entry system.
   • Capital as on 01-04-2016: Rs. 20,000

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   • Fresh capital introduced: Rs. 35,000
   • Withdrawn for own use: Rs. 16,000
   • Capital as on 31-03-2017: Rs. 74,000
4. Explain any five.

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SECTION - G

Answer any five of the following questions not exceeding five lines.

1. What is depletion?
2. What is statement of affairs?

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