B.Com Sem 3 Question Paper Answers and Solutions

Corporate Accounting

Comprehensive journal entries for Issue of Shares at Premium with over-subscription, pro-rata allotment, forfeiture of shares for non-payment of calls, and reissue of shares transferring surplus to Capital Reserve (guaranteed 15-20 mark question); Redemption of Debentures out of profits with DRR entries; Valuation of Goodwill using Super Profit Method.

Income Tax

Computation of Taxable Income from Salaries from a given employee compensation sheet (calculating HRA exemption, taxable perquisites, Standard Deduction of ₹50,000, and Professional Tax); Income from House Property (Self-occupied vs Let-out property calculation); Determination of Residential Status for an individual with days-of-stay criteria; Deductions under Section 80C, 80D, and 80G.

Principles of Management

Henri Fayol's 14 Principles of Management explained with practical modern business illustrations; Maslow's Hierarchy of Needs vs Herzberg's Two-Factor Theory comparison table; Delegation of Authority vs Decentralization; Steps in the Planning process.

Banking and Finance

Credit Creation process by commercial banks with a multi-round numerical deposit model; Cheque crossing types (General, Special, Not Negotiable, Account Payee) and legal effects; Functions of RBI as a lender of last resort and controller of credit.