B.Com Sem 2 Previous Year Question Papers — VNSGU / Saurashtra University (2019–2024)

Financial Accounting — Advanced

Partnership Accounts in full: Admission of a Partner (new profit sharing ratio, sacrificing ratio, treatment of goodwill under AS 26, Revaluation Account, capital adjustments), Retirement and Death of a Partner (gaining ratio, goodwill settlement, Executor's account, installment payment), Dissolution of Partnership Firm (Realization Account, insolvency of partners, application of Garner vs Murray rule), Joint Venture Accounts, and Consignment Accounts.

Business Economics (Macro)

National Income Accounting (Concepts of GDP, GNP, NNP, National Income at Factor Cost vs Market Price, Personal Income, Disposable Income), Measurement methods (Product/Output method, Income method, Expenditure method) and difficulties, Circular Flow of Income in two/three/four-sector models, Keynesian Theory of Income and Employment (Aggregate Demand, Aggregate Supply, Propensity to Consume, Investment Multiplier), Money and Banking (Functions of Money, Commercial Banks Credit Creation process, Reserve Bank of India — RBI functions, Monetary Policy instruments: Repo Rate, Reverse Repo Rate, CRR, SLR), and Inflation (Demand-Pull vs Cost-Push inflation, causes and control measures).

Business Law / Mercantile Law

Indian Contract Act 1872: Nature and essential elements of a valid contract, Offer and Acceptance, Lawful Consideration, Capacity of Parties (Minor's agreements), Free Consent (Coercion, Undue Influence, Fraud, Misrepresentation, Mistake), Legality of Object, Void Agreements, Contingent Contracts, Quasi Contracts, Discharge of Contract, Breach of Contract and Remedies (Damages, Injunction, Specific Performance). Sale of Goods Act 1930: Contract of Sale vs Agreement to Sell, Conditions and Warranties, Doctrine of Caveat Emptor, Transfer of Ownership, and Rights of an Unpaid Seller.

Cost Accounting

Meaning, scope, and objectives of Cost Accounting vs Financial Accounting, Cost Classification (Fixed, Variable, Semi-variable, Direct, Indirect), Preparation of Cost Sheet, Material Cost Control (Economic Order Quantity — EOQ, Reorder Level, Minimum/Maximum Stock Levels, Stores Ledger valuation methods: FIFO, LIFO, Weighted Average Price), Labour Costing (Time rate system, Piece rate system, Incentive plans: Halsey and Rowan schemes), Overhead Cost Allocation and Apportionment (Primary and Secondary distribution, Machine Hour Rate calculation).

Business Statistics

Measures of Central Tendency (Mean, Median, Mode, Geometric Mean, Harmonic Mean) and Dispersion (Standard Deviation, Variance, Coefficient of Variation), Correlation Analysis (Karl Pearson's Coefficient of Correlation, Spearman's Rank Correlation), Linear Regression Analysis (Regression equations of Y on X and X on Y, Regression coefficients), Index Numbers (Laspeyres, Paasche, Fisher's Ideal Index Number, Time Reversal Test, Factor Reversal Test, Cost of Living Index), and Time Series Analysis (Trend measurement via Moving Average and Least Squares method).