5568303702

a-IMWJIFT-RM-IO

Con. 9561-13.

MN-9751

(New Course)

(2 Hours)

(Total Marks : 60

(For regular student* admitted in Academic year 2013-14)

N.B.: (1) Attempt all qucstions.

(2)    Each ąucstion carrics 15 marks.

(3)    Sub questions woutd carry equaJ marka (duły approximalcd wherc requircd ) unless indicatcd to thc contrnry to thcir extreme rigbt.

(4)    Workings / Refereoces to statutc/standards etc. (not neccessary with refctcncc Nos.) to form part of the Solutions.

I.    (a) The foltowing is the account of Mr. Vijay in the books of Poonawala Bros.:-    10

VTjay't A/c

Datę	Particulars	Amout r	Dale	Particulars	Amcunt r
2012 Jan. 1	To Balance b/d	12.000	2012 Jan. 1	By Bills Reccivable	8.000
May 20	To Salcs	10,000	Jan. 1	By Salcs Return	2,000
Scpt. 10	To Bills Rcccivable	5.000	Jan. 1	By Bank	1.900
Sept. 10	To Interest	1.000	Jan.l	By Discount	100
Scpt. 10	To Salcs	14,000	Junc 10	By Bank	4,700
Dec. 10	To Bills Rcccisablc	16.000	Junc 10	By Discount	300
Dcc. 10	To Interest	800	Junc 10	By Bills Rcccivable	5,000
Dec. 15	ToSales	10.000	Scpt. 10	By Bank	4.000
		68.800	Scpt. 10 Dec. 15 Dec. 31	By Bills Rcceivable By Bank By Balance c/fd.	16.000 16.800 10.000 68,800

Scrutinisc and intcrpret thc above account.

(b) As the Statutoey Auditor of company. State bow would you dcal with / rcspond to l 5 commeot on the followingsituation :-

Santosh Ltd.. a smali company has its registercd office in Chcnnai. During thc year it has shifted its corporatc head office to Banglorc, though it has rctained thc registercd oflice in Chennai. The Managing Dircctor is the company want* to shiń the books of accounts to Banglorc from Chennai. He thinks that therc is no need to comply with any legał formalities for doing so.

Express your opinion for the same.

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