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Emo Tpnnn ExnmINATIoT{FoURTH Sp*rostpR ApRru - Mav 2Al9

Code: B,COM-?O4 Subject: Auditing2017 Onwards)

T'lme: 3 Hours I4Iaximum lWar|r,s: 75Note: A All morks.

,.QL ./fi,that is Auditing? Why is it necessary to inspect the accounts of a'tz */ business? How does auditing help in detection and prevention of

accounting errors and frauds?

O? What is internal audit? How does it supplernent the main audit? Statethe features of strong internal control system.

e3 (a) "An adequate planning benefits the audit of financial staternents".Discuss.

(b) Audit Documentation provides evidence of the a.uditor's basis for aconclusion atrout the achievement of overall ohjectives of the auditor.Explain clearly nature and impose of Audit Documentation.

Q4 Write some circumstances of conflicting or missing evidence that indicatethe possibility of fraud.

Q5 (a) "An auditor is required to make specific evaluation wh"ile forming anopinion in an audit report"' Explain.

{b) Stnt. the reasons which could lead to the following in Auditor'sReport:(i) Adverse oPinion(ii) Qualified oPinion(iii) Disclaimer of oPinion

$/eA The Auditor appointed under section 139 was removed from his office

Cornment "*pl.irrirrg

clearly the procedure of remova-l of auditor before

expiry of term.

Q7 "Verification of liabilities is as irnportant as that of assets, for, if any

liability is omitted for understand or overstated, the Balance sheet willnot show a true and fair view of the state of alfairs of the company,"Discuss.

(a) Advice a few special points in a social audit'(b) How r,vill you vouch and/or verify the following:

(i) Sale proceeds of scraP(ii) Trademarks and CoPYrights.

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Gd E:cplain the followingwith examples:-- {a}-Conditional formatting(bl Fivot table(c) Macros

Q2 Describe to explain of the following shortcr-rt keys

hypothetical examPles.(a) F2(b) F5(c) Ctrl+(d) Alt+shift+Fl(e) CtrI+F9t0 Ctrl+Tab(gl R1t+=(h) Ctrl+sPace(i) Ctrl+Arrow keytil F1i

Q3 Attempt anv fouq of the following:-(a) How we ffi uiew a cell comment?

(blWhati*;;-ieiauftstylefor""*a"t"keyedinanewworkbook?(c) what d" ;;;;;;;:utTd bI-'Formula palette'?

".,{d}Howwouldyourefert"i.t*'e";i";fl"thatshrrsincellDlar-rdgoesover' ' to column H ao*" to.row 1O?

(e) what r,,rr"ti", i,oterchange ii"ptay" row .ata in column oi column datain a

row?

Deecribe the steps & state the formula of M$-Excet io compute t'IPY' given the

following data:-

Initial outllow Rs 5000

Cash inllow1stYear........... n"'1,999A,o Vear......'... i" 1,199gry""r.......'. n*'l'1994tr,Year.......... n* 1'5^99Err,Year..,...,.. Rs 1,800

Discountrate:10olo.AlsostatethestepsreqtrirediflBR,istobecalculated?A i neeted IFf to e:rplaiu the conditional process.

{ Give an examPle using 1F'; anr

rityarralysis'andlrobabilityanalysis,gvinsCIK, DistingUish between 'sensititv '

exalnPle'

d il*, ,"lecastins methods viz. rrrovins 3r"'y;L#ffi** smoothing'

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write a short notes;Xffi';s-Excel.[d) Financial Ratic

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Ewp Tpnnr ExennINATroNFountn SpMssrpn Mav 2O19

Illasclmum Marks: 75

e1 *EeJnomic Growth and Economic Development are not same." Draw acontrast between the two. Can there be economic development withouteconomic growth? State the reasons for underdevelopment of an

,5+2+g=1513CJ:10mv. l'

Q2 !y- Ft are the major functions of 'NITI Aayog"? Do you think it.,-..--.-/ar,Le to accomplish the objectives for which it has been created?

evafuate.

e3 How severe is tJ:e problem of unemplo5rment in India? WLrat are the

measure to oveicome it. {5+5+5=151

Q4 . {a) What are reasons for povertv in India? Has poverty reduction*-' -

accelerated with faster economic growth? (3+5=8)

(b) What is Human Development Index? Which indicators are used in the

Human Development India (HDI)? What are the limitations? 12+2+3=77

e5 \Vhat are the sources of financing five year plans in India? Oufline the

role of ,leficit f,rnancing in this context. (10+5=15)

e6 Examine ttre composition and direction of India's foreign trade in thepost 2000 period. (151

e7 What is meant by small scale industries? What are the problems being- faced by them? What measures do you suggest to rernove their problems

and improve efficiency? (2+5+8=151

eg (a) Descnbe the trends in inter regional disparities in growth and

development in India. (8)

(b) State the importance of service sector as engine of economic growth inIndia. (71

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has beenCritically{8+7=15}

Paper Code: B.COM'2OB Subject: Indlan Dconomg

1?*

Time: 3 Hours