Thiruvalluvar University B.Com Model Question Paper

Thiruvalluvar University B.Com model question paper helps students prepare effectively for exams by providing insight into question patterns. Covering all key subjects, it ensures comprehensive practice and conceptual clarity.

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Accounting Principles

Question: What are the basic accounting principles?

Answer: The basic accounting principles include consistency, relevance, reliability, and comparability. These principles help maintain uniformity in financial reporting.

Question: Explain the concept of the accounting equation.

Answer: The accounting equation is Assets = Liabilities + Owner’s Equity. It shows the relationship between a company’s resources and claims on them.

Question: Define accrual accounting.

Answer: Accrual accounting records revenues and expenses when they are earned or incurred, regardless of when cash is received or paid.

Question: What is the double-entry system in accounting?

Answer: The double-entry system means every financial transaction affects at least two accounts, ensuring the accounting equation remains balanced.

Question: What is depreciation, and why is it important?

Answer: Depreciation is the allocation of the cost of a tangible asset over its useful life. It accounts for wear and tear, helping reflect the asset’s true value.

Question: What are intangible assets?

Answer: Intangible assets are non-physical assets like patents, trademarks, goodwill, and copyrights, providing long-term value to businesses.

Question: Define working capital.

Answer: Working capital is the difference between current assets and current liabilities, indicating a company’s short-term liquidity and operational efficiency.

Question: What is a trial balance?

Answer: A trial balance is a statement that lists all ledger balances to check the accuracy of bookkeeping and ensure that debits equal credits.

Question: What is the purpose of financial statements?

Answer: Financial statements provide information about an organization’s financial performance, position, and cash flow to stakeholders.

Question: Explain the concept of inventory valuation.

Answer: Inventory valuation determines the cost of unsold goods at the end of an accounting period, using methods like FIFO, LIFO, and weighted average.

Business Economics

Question: What is the definition of business economics?

Answer: Business economics applies economic theories, principles, and concepts to solve real-world business problems and make decisions.

Question: Explain the law of demand.

Answer: The law of demand states that, ceteris paribus, when the price of a product decreases, its quantity demanded increases and vice versa.

Question: What are the factors affecting demand?

Answer: Factors affecting demand include income levels, tastes and preferences, prices of related goods, expectations, and population size.

Question: Define elasticity of demand.

Answer: Elasticity of demand measures how the quantity demanded of a good changes in response to a change in its price.

Question: What is the concept of opportunity cost?

Answer: Opportunity cost is the value of the next best alternative forgone when making a choice.

Question: What are the types of market structures?

Answer: The types of market structures are perfect competition, monopoly, monopolistic competition, and oligopoly.

Question: What is the break-even point?

Answer: The break-even point is when total revenue equals total costs, and the business neither makes a profit nor incurs a loss.

Question: What are fixed and variable costs?

Answer: Fixed costs remain constant regardless of production levels, while variable costs change with production volume.

Question: Explain the concept of marginal utility.

Answer: Marginal utility is the additional satisfaction or benefit a consumer gets from consuming one more unit of a good or service.

Question: What is GDP?

Answer: GDP (Gross Domestic Product) is the total monetary value of all finished goods and services produced within a country’s borders in a specific time.

Business Management

Question: What are the functions of management?

Answer: The functions of management include planning, organizing, staffing, directing, and controlling.

Question: Define leadership in business.

Answer: Leadership is the ability to influence and guide individuals or teams to achieve organizational goals.

Question: What is organizational structure?

Answer: Organizational structure defines how activities such as task allocation and coordination are directed to achieve business objectives.

Question: What is decision-making in management?

Answer: Decision-making is the process of selecting the best course of action from multiple alternatives to achieve desired outcomes.

Question: Explain SWOT analysis.

Answer: SWOT analysis identifies an organization’s strengths, weaknesses, opportunities, and threats to create strategic plans.

Question: What is motivation in management?

Answer: Motivation is the process of inspiring individuals to take action to achieve goals through intrinsic or extrinsic incentives.

Question: Define delegation in management.

Answer: Delegation is the assignment of responsibility or authority to another person to carry out specific activities.

Question: What is the role of communication in management?

Answer: Communication ensures information flow within an organization, enabling effective decision-making and coordination.

Question: What is corporate social responsibility (CSR)?

Answer: CSR refers to a company’s commitment to act ethically and contribute to economic, social, and environmental well-being.

Question: What is strategic management?

Answer: Strategic management involves formulating, implementing, and evaluating strategies to achieve organizational objectives.

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Thiruvalluvar University B.Com model question papers serve as a great tool for exam preparation. By practicing subject-wise questions and understanding their solutions, students can build confidence and excel academically.