IPE Senior Intermediate Commerce Model Paper - Part 2

Senior Inter Model Question Paper
Part-II (50 Marks)


Section - D
Answer the following question. 1 × 20 = 20

18. Pinky and Rinky are partners sharing profit & loss in the ratio of 3 : 2. Their Balance Sheet as at 31-12-2012 was as under.
Liabilities Amt. (Rs.)
Sundry Creditors 50,000
Bills Payable 1,60,000
General reserve 90,000
Capitals:
Pinky 1,50,000
Rinky 75,000
Total: 5,25,000

Assets Amt. (Rs.)
Cash 5,000
Sundry Debtors 1,95,000
Stock 1,25,000
Furnitures 50,000
Buildings 1,50,000
Total: 5,25,000

They decided to admit Tinku into partnership by giving him 1/4th share in the future profit on the following conditions.
1. Tinku is to bring Rs.50,000 as Capital and Rs.50,000 as goodwill in cash.
2. The amount of goodwill is withdrawn from the business by old partners.
3. Buildings are to be appreciated by 10%.
4. Furniture and Stock are to be depreciated by 5%.
5. Provide Rs.5250 for provision for doubtful debts. Prepare necessary ledger accounts and show the new balance sheet.

Section - E
Answer any ONE of the following. 1 × 10 = 10

19. Murthy of Nizamabad consigned 100 packets of turmeric (wholesale total cost price is Rs.7500) at a proforma invoice price of 25% profit on sale to his agent Das of Warangal. Murthy paid Rs. 600 as expenses. Das has took delivery of goods and paid Rs.1200 for octroi and other duties and remitted Rs. 4000 as advance. He sold 85 cases for Rs.10,500. Das is entitled to 5% commission on gross sales and 10% of
the sales price in excess of invoice price. Show consignment account and Das's account in the books of Murthy. OR

20. Following is the Receipts & Payments account of Vijayawada Sports Club, prepare income & expenditure account from as on 31-3-2008.

Receipts Amt. (Rs.):

To Balance 13,600
(1-4-2007)
'' Subsriptions
2006-07 1,200
2007-08 16,500 } 2008-09 1,300 19,000
'' Legacies 3,500
'' Interest on deposits 1,100
'' Entrnace Fee 1,500
'' Life Membership fee 2,000
'' Sale of 500
old newspapers
Total: 41,200

Payments Amt. (Rs.):

By Salaries 3,400
'' Printing & 2,000
Stationary
'' Telephone 1,000
Charges
'' Newspapers 900
'' Books 6000
'' Office expenses 2,500
'' Fixed deposits 20,000
'' Balance c/d 5,400
(31-3-2008)
Total: 41,200

Additional information:
1) Outstanding salaries: Rs.600
2) Outstanding telephone bill: Rs.500
3) Interest receivable on fixed deposits: Rs.900
4) Subscriptions receivable for the year 2007-08: Rs.1500
5) Capitalise half of entrance fee.
6) Balances on first April 2008: Furniture Rs.3000, Outstanding Subscription Rs.1500, Books Rs.4000.
7) Provide Depreciation on furniture: 10% and on Books 15%

Section - F
Answer any TWO of the following questions. 2 × 5 = 10

21. Distinguish between consignment and sale?
22. M draws a three months bill for Rs.6000 upon N. After obtaining acceptance from N, the bill was endorsed to O in settlement of his debt. O discounted the bill at 12% p.a. The bill is dishonoured on the due date. Pass necessary journal entries in the books of M, N and O.

23. Amarish purchased machinery for Rs.20,000 on January 1, 2005. On 1st July 2006, another machine was purchased for Rs.30,000. The machinery is to be depreciated at 20% p.a. on the Diminishing Balance Method. Show the machinery account for the first 3 years.

24. Mr. Ramesh commenced business on 1st April, 2010 with a capital of Rs.35,000. On 31st March 2011, his position was as follows:

Furniture 2,000
Cash in hand 10,000
Machinery 18,000
Creditors 5,000
Debtors 20,000
Bills payable 3,000

During the year he withdrew Rs.12,000 for his personal use and introduced additional capital Rs.6000. Find out profit or loss made by Mr. Ramesh during the year.

Section - G
Answer any FIVE of the following questions. 5 × 2 = 10

25. Define the term bill of exchange?
26. Write any two causes of depreciation?
27. What are direct expenses?
28. Explain about legacy?
29. Find out profit or loss for the following. Capital at the beginning of the year Rs.15,000, drawings Rs.4,000, capital at the end of the year Rs.16,000.
30. What is scarifying ratio?
31. Write the entry for an increase in the value of an asset in revaluation of assets and liabilities.
32. P, Q are partners sharing profit and losses in 3 : 2 ratio. They admitted R by giving 1/5 th share. Find new profit sharing ratio.

Senior Inter Commerce Model Paper - Part 1

Part-I (50 Marks)
Section - A
Answer any TWO of the following questions not exceeding 40 lines each. 2 × 10 = 20
1. Explain the functions of marketing?
2. Define banking and explain the functions of banking?
3. Define Stock Exchange and explain it's functions?

Section - B

Answer any FOUR of the following questions not exceeding 20 lines each. 4 × 5 = 20
4. Explain the advantages of foreign trade?
5. Write the features of advertising copy?
6. Explain the reasons for slow development of consumer movement in India?
7. Explain the principles of insurance?
8. Explain the speculations in the Stock Exchange?
9. Explain the components of computer system?

Section - C

Answer any FIVE of the following not exceeding 5 lines each. 5 × 2 = 10
10. Define Bill of lading?
11. What is "Sales promotion"?
12. What is Direct Channel?
13. Define "Bonded warehouse"?
14. What is "Re-insurance"?
15. What is "E-banking?"
16. Define "Wash Sales"?
17. Define "Computer?"

Junior Inter Zoology Model Question Paper for IPE Exams

Here is the model paper for Junior Intermediate Public Examinations (IPE) 2014. The question paper is for Zoology (English Version). Time is 3 hours and marks are 60.

SECTION-A

I. (i) Very Short Answer Type Questions.
(ii) Answer ALL questions.
(iii) Each question carries TWO marks. 10 × 2 = 20

1. Differentiate between Protostomia and Deuterostomia.
2. What is botryoidal tissue?
3. Name the four extra embryonic membranes.
4. Define mutualism. Give an example.
5. Write names of mouth parts of cockroach that help in tasting the food and biting the food.
6. Distinguish between a tendon and a ligament.
7. What is green house effect?
8. What is intima?
9. What is nocturnal periodicity? Give example.
10. What is biomagnification?

SECTION-B

II . (i) Short Answer Type Questions.
(ii) Answer any SIX questions.
(iii) Each question carries FOUR marks. 6 × 4 = 24

11. Define species. Explain various aspects of species.
12. What are the salient features of Echinoids? Give an example.
13. List out the extant orders of Reptilia. Give two examples for each order.
14. Describe process of longitudinal binary fission.
15. Write short notes on opioids.
16. Draw labelled diagram of a multipolar neuron.
17. Give an account of pseudopodia.
18. Explain Haversian system.

SECTION-C

III. (i) Long Answer Type Questions. Draw labelled diagrams wherever necessary.
(ii) Answer any TWO questions.
(iii) Each question carries EIGHT marks. 2 × 8 = 16
19. Describe respiratory system of cockroach with the help of a neat labelled diagram.
20. Describe life cycle of Plasmodium in man.
21. List out the major air pollutants and describe their effects on human beings.