{"id":11809,"date":"2020-02-21T22:46:06","date_gmt":"2020-02-21T22:46:06","guid":{"rendered":"https:\/\/www.inspirenignite.com\/vtu\/15mm51t-application-and-practice-of-financial-accounting-i-office-mgmt-5th-sem-syllabus-for-diploma-dte-karnataka-c15-scheme\/"},"modified":"2020-02-21T22:46:06","modified_gmt":"2020-02-21T22:46:06","slug":"15mm51t-application-and-practice-of-financial-accounting-i-office-mgmt-5th-sem-syllabus-for-diploma-dte-karnataka-c15-scheme","status":"publish","type":"post","link":"https:\/\/www.inspirenignite.com\/vtu\/15mm51t-application-and-practice-of-financial-accounting-i-office-mgmt-5th-sem-syllabus-for-diploma-dte-karnataka-c15-scheme\/","title":{"rendered":"15MM51T: Application and Practice of Financial Accounting – I Office Mgmt 5th Sem Syllabus for Diploma DTE Karnataka C15 Scheme"},"content":{"rendered":"

Application and Practice of Financial Accounting – I detail DTE Kar Diploma syllabus for Modern Office Management (MM), C15 scheme is extracted from DTE Karnataka<\/a> official website and presented for diploma students. The course code (15MM51T), and for exam duration, Teaching Hr\/week, Practical Hr\/week, Total Marks, internal marks, theory marks, duration and credits do visit complete sem subjects post given below. The syllabus PDFs can be downloaded from official website.<\/p>\n

For all other office mgmt 5th sem syllabus for diploma c15 scheme dte karnataka you can visit Office Mgmt 5th Sem Syllabus for Diploma C15 Scheme DTE Karnataka Subjects<\/a>. The detail syllabus for application and practice of financial accounting – i is as follows.<\/p>\n

Pre-requisites:<\/h4>\n

Basic Knowledge of Financial Accounting – I in the First Semester.\n<\/p>\n

Course Objectives:<\/h4>\n

The Students shall be able to:<\/p>\n

    \n
  1. Calculate the Interest on Partners’ Drawings, Appropriate Profits for various purposes, Maintain Partners’ Capital & Current Accounts in the prescribed methods and format.<\/li>\n
  2. Apply the accounting treatment for various adjustments at the time of Admission of a new partner.<\/li>\n
  3. Calculate the amount payable to the Retiring Partner and the mode of settlement.<\/li>\n
  4. Calculate the amount payable to the Executors of the Deceased Partner and mode of settlement.<\/li>\n
  5. Analyse the procedure to be followed for the Dissolution of Partnership Firms<\/li>\n
  6. Prepare the Final Accounts of Non – Trading Concerns.<\/li>\n<\/ol>\n

    Course Outcomes:<\/h4>\n

    For complete syllabus and results, class timetable and more pls download iStudy Syllabus App<\/a>.<\/b> Its a light weight, easy to use, no images, no pdfs platform to make students life easier.<\/p>\n

    Unit 1- PARTNERSHIP ACCOUNTS:
    \n<\/h4>\n

    Provisions affecting Partnership Accounts (Profit Sharing, Interest on Capital, Interest on Loan, Interest on Drawings, Remuneration to Partners) – Distribution of Profits by Preparation of Profit and Loss Appropriation Account – Calculation of Interest on Partners’ Drawings under product Method – Maintenance of Partners’ Capitals by Fixed and Fluctuating Capital Methods.\n<\/p>\n

    Unit 2- ADMISSION OF A NEW PARTNER:
    \n<\/h4>\n

    Listing of the Adjustments to be made at the time of Admission of a New Partner -Calculation of New Profit Sharing Ratio of all the Partners and Sacrificing Ratio of Old Partners – Accounting Treatment of Goodwill (in case of Premium, Revaluation and Memorandum Revaluation Methods) – Revaluation of Assets and Liabilities – Distribution of Accumulated Profits and Losses – Proportionate Capital Contribution – Simple Problems on Admission of a New Partner.\n<\/p>\n

    Unit 3 RETIREMENT OF A PARTNER:<\/p>\n

    For complete syllabus and results, class timetable and more pls download iStudy Syllabus App<\/a>.<\/b> Its a light weight, easy to use, no images, no pdfs platform to make students life easier.<\/p>\n

    Unit 4 DEATH OF A PARTNER:
    \n<\/h4>\n

    Ascertainment of the Amount due to the Deceased Partner – Preparation of Deceased Partner’s Executors’ Account – Settlement of Amount due to the Deceased Partner -Simple Problems on Death of a Partner.\n<\/p>\n

    Unit 5DISSOLUTION OF PARTNERSHIP FIRM:
    \n<\/h4>\n

    Meaning of Dissolution – Dissolution of Partnership versus Dissolution of Partnership Firm – Settlement of Accounts – Accounting Treatment – Realization of Assets and Liabilities -Simple Problems on Dissolution of Partnership Firm.\n<\/p>\n

    Unit 6FINAL ACCOUNTSOF NON – TRADING CONCERNS:<\/p>\n

    For complete syllabus and results, class timetable and more pls download iStudy Syllabus App<\/a>.<\/b> Its a light weight, easy to use, no images, no pdfs platform to make students life easier.<\/p>\n

    Reference Books:<\/h4>\n
      \n
    1. Introduction to Accountancy by T.S.Grewal – S Chand and Company<\/li>\n
    2. Financial Accounting (Principles and Practices) by N.Vinayakam and B.Charumathi S Chand and Company<\/li>\n
    3. Financial Accountancy by N.P.Srinivasan and SakthivelMurugan – S Chand and Company<\/li>\n
    4. Accountancy Vol II by B.S. Raman<\/li>\n
    5. Accountancy Vol II by Kadkol<\/li>\n
    6. Dailies and Magazines \/ Journals of Business, Finance and Management.<\/li>\n<\/ol>\n

      E – BOOK FOR REFERENCE:<\/h4>\n

      -Websites of Dailies and Magazines \/ Journals of Business, Finance and Management.\n<\/p>\n

      SUGGESTED STUDENT ACTIVITIES:<\/h4>\n
        \n
      1. Drafting of Partnership Deed as per the provisions of Indian Partnership Act.<\/li>\n
      2. Collection of Partnership Deed copies visiting some Partnership Firms.<\/li>\n
      3. Analyse and listing of reasons for Admission of new partner into a Existing partnership Firm.<\/li>\n
      4. Analyse and listing of reasons for Retirement of partner from a partnership firm.<\/li>\n
      5. Analyse and listing of different methods of settlement of the amount due to the Retiring Partner\/Executors of the deceased partner.<\/li>\n
      6. Analyse and listing of reasons for dissolution of partnership firm.<\/li>\n
      7. Listing of various Non-Trading Concerns situated and working in and around the localities of the students.<\/li>\n<\/ol>\n

        Note to IA verifier:<\/h4>\n

        The following documents to be verified by CIE verifier at the end of semester<\/p>\n

          \n
        1. Blue books ( 20 marks)<\/li>\n
        2. Student suggested activities report for 5 marks<\/li>\n
        3. Student feedback on course regarding Effectiveness of Delivery of instructions & Assessment Methods.<\/li>\n<\/ol>\n

          Model Question Paper:<\/h4>\n

          (CIE)<\/p>\n

            \n
          1. (According to unit and CO1)<\/li>\n
          2. (According to unit and CO1)<\/li>\n
          3. (According to unit and CO2)<\/li>\n
          4. (According to unit and CO2)<\/li>\n<\/ol>\n

            Note to IA verifier:<\/h4>\n

            The following documents to be verified by CIE verifier at the end of semester<\/p>\n

              \n
            1. Blue books ( 20 marks)<\/li>\n
            2. Student suggested activities report for 5 marks and should be assessed<\/li>\n
            3. Student feedback on course regarding Effectiveness of Delivery of instructions & Assessment Methods.<\/li>\n<\/ol>\n

              Model Question Paper:<\/h4>\n

              PART-A<\/b><\/p>\n

              (Answer any SIX Questions from this Section)<\/p>\n

                \n
              1. Explain the Profit and Loss Appropriation Account in detail?<\/li>\n
              2. The drawings of Mr.Bhanu during the year 2014 are as follows:<\/li>\n
                  \n
                1. Rs.2, 000 on 31-03-2014<\/li>\n
                2. Rs.6, 000 on 01-07-2014<\/li>\n
                3. Rs.4, 000 on 31-08-2014<\/li>\n
                4. Rs.8, 000 on 01-10-2014<\/li>\n

                  Calculate interest on drawings of Bhanu at 12% per annum under product method for the accounting year ended 31-12-2014\n<\/ol>\n

                5. Describe the revaluation of Assets and Liabilities of the Partnership Firm at the time of Admission of a Partner.<\/li>\n
                6. Amar and Akbar were partners sharing profits in the ratio of 2:3. They admitted Anthony as a new partner. Their new profit sharing ratio is 4:5:6. Calculate the Sacrifice Ratio of Amar and Akbar.<\/li>\n
                7. Explain the concept of retirement of a Partner? Give any three reasons for retirement of a Partner.<\/li>\n
                8. P, Q & R were partners in a firm sharing profit in the ratio of 3:2:1. Q retired from the Business. P &R decided to share the profits in the ratio of 3:2 in future. Calculate the Gain Ratio of P & R<\/li>\n
                9. List out the items to be considered to ascertain the amount due to the deceased partner.<\/li>\n
                10. Elucidate the concept of Dissolution of a Partnership Firm<\/li>\n
                11. Narrate the concept of Non-Trading Concern along with examples.<\/li>\n<\/ol>\n

                  PART – B’<\/b><\/p>\n

                  (Answer any FOUR Questions) 4 x 10 = 40<\/p>\n

                    \n
                  1. A and B are partners in a firm sharing profits and losses equally. On 1st January 2016, their Capitals stood as Rs.1, 00,000 and Rs.60, 000 respectively. Interest is to be allowed on their capitals at 8% per annum. Their drawings during the year amounted to Rs.8, 000 and Rs.6, 000. The interest on their drawings is to be charged at 6% per annum. A is entitled to a monthly salary of Rs.2, 000 and B is entitled to a commission of Rs.12, 000. The net profit for the year 2016 before making adjustments for interest on capitals, interest on drawings, partner’s salary and partners’ commission.<\/li>\n

                    Prepare the Profit and Loss Appropriation Account for the year ended 31st December, 2016 showing the division of profits between the partners.<\/p>\n

                  2. Preetam and Aras are partners sharing profits and losses in the proportions of 3:2. Their Balance Sheet as on 31stMarch, 2016 was as follows:<\/li>\n
                      \n
                    1. [Liabilities Rs. Rs. Assets Rs. Rs.]<\/li>\n
                        \n
                      1. Cash in hand\t\t2,000<\/li>\n
                      2. Sundry Creditors\t\t6,000\tBills Receivable\t\t3,000<\/li>\n
                      3. Bills Payable\t\t2,000\tSundry Debtors\t\t8,000<\/li>\n
                      4. Stock\t\t20,000<\/li>\n
                      5. Capitals:Preetam\t30,000\t\tFurniture\t\t4,000<\/li>\n
                      6. Aras\t20,000\t50,000\tMachinery\t\t6,000<\/li>\n
                      7. Building\t\t15,000<\/li>\n
                      8. 58,000\t\t\t58,000<\/li>\n<\/ol>\n
                      9. They agreed to take Ashok into partnership, giving him 1\/4thShare in future profits. The following adjustments are to be made before Ashok’s admission:<\/li>\n
                          \n
                        1. Stock is to be valued at Rs. 18,000.<\/li>\n
                        2. Furniture is to be depreciated by 5%.<\/li>\n
                        3. Machinery is to be reduced by 10%.<\/li>\n
                        4. Buildings are to be valued at Rs.20, 000.<\/li>\n
                        5. Make a provision for bad and doubtful debts at 5% on Debtors.<\/li>\n<\/ol>\n
                        6. Give the necessary journal entries and prepare the Revaluation Account.<\/li>\n<\/ol>\n
                        7. On 31st December 2016, the Balance sheet of Rahim and Akbar stood as given below:<\/li>\n
                            \n
                          1. [Liabilities Rs. Rs. Assets Rs. Rs.]<\/li>\n

                            Follow from pdf.<\/p>\n

                          2. On 30th June 2002, Raja died and the Partnership deed provides in such an event, that the executors of the deceased shall be entitled to:<\/li>\n
                              \n
                            1. Share of Goodwill: Goodwill shall be estimated as two years average of last three years’ profits. Profits for the past three years were Rs.18, 000, Rs.24,000 Rs.27,000.<\/li>\n
                            2. Share in the Profit for the current year: For this purpose, the profit of 2016 will be considered.<\/li>\n
                            3. Share of Reserve Fund.<\/li>\n
                            4. Capital Account balance as per the last Balance sheet.<\/li>\n

                              Show the account of the executors of Raja (deceased) as on 31st December 2016.\n<\/ol>\n<\/ol>\n

                            5. Swetha and Sucheta were partners in a business sharing profits and losses in the ratio of 2:1 respectively. They decided to dissolve their firm on 31st December 2016 when the balance sheet appeared as under:<\/li>\n
                                \n
                              1. [Liabilities Rs. Rs. Assets Rs. Rs.]<\/li>\n
                                  \n
                                1. Capitals:\t\t\tGoodwill\t\t8,000<\/li>\n
                                2. Swetha\t\t20,000\tMachinery\t\t20,000<\/li>\n
                                3. Sucheta\t\t40,000\tPatents\t\t10,000<\/li>\n
                                4. Profit and Loss A\/c\t\t6,000\tInvestments\t\t4,000<\/li>\n
                                5. Creditors\t\t14,000\tStock\t\t24,000<\/li>\n
                                6. Debtors\t\t12,000<\/li>\n
                                7. Bank\t\t2,000<\/li>\n
                                8. 80,000\t\t\t80,000<\/li>\n<\/ol>\n
                                9. Swetha agreed to take over Machinery at Rs.27, 000. Sucheta agreed to take over Goodwill at Rs.12, 000 and Patents at Rs.8, 000. Other assets realized thus: Investments Rs.5, 000, Stock Rs.29, 000 and Debtors Rs.10, 000. Creditors were paid in full. Expenses of realization were Rs.1, 000<\/li>\n

                                  Pass necessary Journal Entries in the books of the firm.\n<\/ol>\n

                                10. <\/li>\n
                                    \n
                                  1. Describe the Dissolution of a Partnership Firm?<\/li>\n
                                  2. Mention the major points of distinction between Dissolution of partnership and Dissolution of the Partnership Firm.<\/li>\n<\/ol>\n
                                  3. Explain the accounting treatment of the following items in the Final Accounts of Non-Trading Concerns?<\/li>\n
                                      \n
                                    1. Subscriptions<\/li>\n
                                    2. Entrance Fees<\/li>\n
                                    3. Life Membership Fees<\/li>\n
                                    4. Donations<\/li>\n
                                    5. Legacies<\/li>\n<\/ol>\n<\/ol>\n

                                      PART – C<\/b><\/p>\n

                                      (Answer any TWO Questions)<\/p>\n

                                        \n
                                      1. Abhi and Shashank are partners sharing profits and losses in the ratio of 2:1. Their Balance Sheet as on 31st December, 2016 was as follows:<\/li>\n
                                          \n
                                        1. [Liabilities Rs. Rs. Assets Rs. Rs.]<\/li>\n
                                            \n
                                          1. Creditors\t\t12,000\tCash at Bank\t\t10,000<\/li>\n
                                          2. Bills Payable\t\t8,000\tDebtors\t\t5,000<\/li>\n
                                          3. Reserve Fund\t\t9,000\tStock\t\t10,000<\/li>\n
                                          4. Capitals: Abhi\t20,000\t\tFurniture\t\t4,000<\/li>\n
                                          5. Shashank\t20,000\t40,000\tBuilding\t\t40,000<\/li>\n
                                          6. 69,000\t\t\t69,000<\/li>\n<\/ol>\n
                                          7. They admitted Suhas into Partnershiip giving him 1\/5th share in the future profits on the following terms:<\/li>\n
                                              \n
                                            1. The new partner should bring Rs.25, 000 as his capital and Rs.9, 000 as Goodwill.<\/li>\n
                                            2. The value of building is to be appreciated by Rs.7, 000.<\/li>\n
                                            3. The furniture is to be depreciated by Rs.900.<\/li>\n
                                            4. The stock is to be depreciated by 10%.<\/li>\n<\/ol>\n
                                            5. Prepare the following:<\/li>\n
                                                \n
                                              1. Revaluation A\/c<\/li>\n
                                              2. Partners’ Capital Accounts<\/li>\n
                                              3. Balance Sheet of the New firm.<\/li>\n<\/ol>\n<\/ol>\n
                                              4. Shobha, Dharitri and Navya were partners sharing profits and losses in the ratio of 3:2:1. Their Balance sheet on 31-03-2016 stood as given below:<\/li>\n
                                                  \n
                                                1. [Liabilities Rs. Rs. Assets Rs. Rs.]<\/li>\n
                                                    \n
                                                  1. Bills Payable\t\t31,000\tBank\t\t15,000<\/li>\n
                                                  2. Reserve Fund\t\t15,000\tDebtors\t16,000<\/li>\n
                                                  3. Capitals:\t\t\tLess: Reserve\t1,000\t15,000<\/li>\n
                                                  4. Shobha\t\t40,000\tStock\t\t20,000<\/li>\n
                                                  5. Dharitri\t\t36,000\tFurniture\t\t20,000<\/li>\n
                                                  6. Navya\t\t28,000\tBuilding\t\t80,000<\/li>\n
                                                  7. 1,50,000\t\t\t1,50,000<\/li>\n<\/ol>\n
                                                  8. Navya’ retired from the Business on the above date and following adjustments are to be made:<\/li>\n
                                                  9. The Goodwill of the firm is to be valued at Rs. 21,000\/- which however need not be shown in the books of Accounts of the Firm.<\/li>\n
                                                  10. Stock and Furniture to be depreciated by 15%.<\/li>\n
                                                  11. Reserve for doubtful debts to be increased to Rs.3, 000\/-.<\/li>\n
                                                  12. The value of Building to be raised to Rs.1, 00,000\/-.<\/li>\n

                                                    Prepare necessary ledger accounts and the balance sheet of the Continuing Partners.\n<\/ol>\n

                                                  13. Tennis Club of Gulbarga was started from 1-1-2016. It’s Receipts and Payments Account for the year ended 31-12-2016 was as follows:<\/li>\n
                                                      \n
                                                    1. [Receipts Rs. Payments Rs.]<\/li>\n
                                                        \n
                                                      1. To Endowment Fund Receipts\t40,000\tBy Tournament Expenses\t15,200<\/li>\n
                                                      2. Donations\t80,000\t Furniture\t25,600<\/li>\n
                                                      3. Tournament Fund\t20,000\t Sports Equipment\t50,800<\/li>\n
                                                      4. Life Membership Fees\t12,000\t Function Expenses:<\/li>\n
                                                      5. Entrance Fees\t1,200\t– Honorarium\t28,000<\/li>\n
                                                      6. Fees for Functions\t48,000\t– Others\t8,000<\/li>\n
                                                      7. Subscriptions\t12,000\t Printing\t2,000<\/li>\n
                                                      8. Rent\t4,800<\/li>\n
                                                      9. Salaries\t14,400<\/li>\n
                                                      10. Postage\t600<\/li>\n
                                                      11. Fixed Deposit in Bank\t60,000<\/li>\n
                                                      12. Cash Balance\t3,800<\/li>\n
                                                      13. 2,13,200\t\t2,13,200<\/li>\n<\/ol>\n
                                                      14. Adjustments:<\/li>\n
                                                          \n
                                                        1. Expenses Outstanding: Salaries Rs.4, 800 and Printing Rs.2, 000<\/li>\n
                                                        2. Subscription due for 2016 Rs.8, 000<\/li>\n
                                                        3. Depreciation on Sports Equipment Rs.10, 000<\/li>\n
                                                        4. Postage Stamps on Hand Rs.80.<\/li>\n
                                                        5. Entrance Fees and Life Membership Fees are to be capitalized.<\/li>\n

                                                          Prepare Income and Expenditure Account and Balance Sheet as on 31-12-2016\n<\/ol>\n<\/ol>\n<\/ol>\n

                                                          For detail syllabus of all other subjects of BE Office Mgmt, C15 scheme do visit Office Mgmt 5th Sem syllabus for C15 scheme<\/a>.<\/p>\n

                                                          Dont forget to download iStudy Syllabus App<\/a> for latest syllabus and results, class timetable and more.<\/p>\n","protected":false},"excerpt":{"rendered":"

                                                          Application and Practice of Financial Accounting – I detail DTE Kar Diploma syllabus for Modern Office Management (MM), C15 scheme is extracted from DTE Karnataka official website and presented for […]<\/p>\n","protected":false},"author":2298,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[18,78],"tags":[],"class_list":["post-11809","post","type-post","status-publish","format-standard","hentry","category-5th-sem","category-modern-office-mgmt-diploma"],"_links":{"self":[{"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/posts\/11809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/users\/2298"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/comments?post=11809"}],"version-history":[{"count":0,"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/posts\/11809\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/media?parent=11809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/categories?post=11809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inspirenignite.com\/vtu\/wp-json\/wp\/v2\/tags?post=11809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}