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Posted Date: 10 Feb 2008 Posted By:: Girish Patil Member Level: Gold Points: 5 (₹ 1)
2007 National Institute of Technology business organization University Question paper
1 .Demand and Supply.
b) What is a business organization ?
c) What is perfect competition ?
d) What is unit costing ?
e) What is depreciation ?
2. a) Explain the terms utility value wealth and consumption..
b) What is meant by elasticity of demand ? Discuss.
3. a) What are the features of partnership company? Explain.
b) Discuss the laws of returns and agents of production in
4. a) Comparatively discuss the perfect competition and imperfect
b) Explain the merits and demerits of payment by cash and by
5. a) What are the direct costs and indirect costs? Discuss with
b) What is meant by process costing? Discuss with examples.
II Year B.E./B.Tech Degree Examination
Time : Three hours Maximum : 75 Marks
Question 1 is compulsory
Answer any four from Questions 2 to 8
All questions carry equal marks
6. a) Explain the merits and demerits of public limited company
along with its formation?
b) What is money? Explain the functions of money.
7. From the following balance of ABC & Co. prepare final
accounts for year ending on 31st March. 1999.
Capital Rs. 70,000/-
Building Rs. 37,500/-
Machinery Rs. 18,500/-
Debtors Rs. 14,000/-
General expenses Rs. 800/-
Rent paid Rs. 7,420/-
Drawing Rs. 1,300/-
Electric charges Rs. 380/-
Carriage inward Rs. 1,700/-
Cash at bank Rs. 6,000/-
Returns inward Rs. 900/-
Returns outward Rs. 220/-
Salaries Rs. 2,220/-
Discount allowed Rs. 400/-
Stock as on 1-4-99 Rs. 33,000/-
Bills payable Rs. 10,000/-
Sales Rs. 1,27,000/-
Purchases Rs. 93,000/-
Wages Rs. 50,000/-
Cash in hand Rs. 3,500/-
Creditors Rs. 20,000/-
a) Closing stock as on 31-3-99 Rs. 36,420/-
b) Interest on capital @ 5%
c) Outstanding salaries Rs. 6,000/-
d) Depreciate machinery @ 10%
e) Credit reserve for bad debts @ 5% on sundary debtors.
8. a) What is break even analysis? Explain.
b) Calculate depreciation for a machine using (i) straight line
method. (ii) declining balance method with interest of
Initial cost of the machine Rs. 1.20.000/-
Terminal value Rs. 5.000/-
Life period 10 years.
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