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Corporate Accounting Selected Questions for May’ 2017 Exam
CLICK HERE FOR MULTIPLE CHOICE QUESTIONS
CLICK HERE FOR COMPLETE NOTES
Corporate Accounting Selected Questions for May’ 2017 Exam
Unit 1 (Part A or B)
Part A
Q. Discuss the
provisions of law with regard to redemption of Redeemable preference shares as
laid down in sec.80 of the Companies Act.
Q.
What do you mean by Bonus shares? Under what circumstances such shares are
issued. Illustrate the SEBI guidelines regarding Bonus issue.
Q. What are the statutory
books and statistical books required to be maintained by a company?
Q. Explain the SEBI’s
Guidelines regarding issue of various classes of shares and forfeiture of
shares.
Q. Distinguish between:
Ø
Capital
reserve and reserve capital
Ø
Bonus
issue and Right issue
Ø
Forfeiture
of shares and Surrender of shares
Q. Write short notes
on:
Ø
Oversubscription
and Prorata allotment
Ø
Types of
share capital
Ø
Issue of
share at a discount
Ø
Issue of
share at a premium
Q. Practical Problems: FOLLOW
QUESTION PAPER FORM 2004 TO 2016 AS PROVIDED IN NOTES
Issue of shares (Cash book, balance sheet and various ledger accounts
together with journal entries)
Right
and Bonus issue: Exercise 1 to 14.
Redemption
of Preference shares: Exercise: 5,6,7,8,10,12,13,14,15,16,18,21,22,23,24,29
Part B
Q. What do you mean by
debentures? What are its features? State its various types.
Q. Distinguish between
shares and debentures. State SEBI guidelines for issue of debentures.
Q. How a debenture can
be redeemed? State its various methods.
Q. Write short notes
on:
Ø
Sinking
fund method of redemption of debentures
Ø
Debenture
redemption reserve
Ø
Treatment
of Discount on issue of shares and Loss on issue of debenture
Q. Practical Problems: FOLLOW
QUESTION PAPER FORM 2004 TO 2016 AS PROVIDED IN NOTES
Debentures: ISSUE OF DEBENTURES WITH REDEMPTION OPTION, DISCOUNT/LOSS ON ISSUE OF DEBENTURES ACCOUNT AND SINKING FUND METHOD
Unit 2
Q. Practical Problems:
Final Account of Companies YEAR 2010, 2011 AND 2016, PROVISION FOR TAX ACCOUNT (ILLUSTRATION 1), PRACTICAL PROBLEMS OF JAIN AND NARANG BOOK
Or
Unit 3
Q. What is amalgamation
and external reconstruction? Explain its various types with examples.
Distinguish between amalgamation and absorption.
Q. Explain Amalgamation
in the nature of merger and Amalgamation in the nature of purchase and
distinguish between them.
Q. Explain various
methods for calculating purchase consideration with examples.
Q. What is internal
reconstruction? Explain its scope.
Q. Explain the various
provisions of Alteration and capital reduction of share capital with examples.
Q. Write short notes
on:
Ø
Pooling
of Interest Method
Ø
Features
of Amalgamation
Ø
Objectives
of Amalgamation
Ø
Internal
Vs External Reconstruction
Q. Practical Problems:
FOLLOW QUESTION PAPER FORM 2004 TO 2016 AS PROVIDED IN NOTES
Amalgamation:
Illustration 1 to 7 and Exercise 1 to 12
Internal
Reconstruction: Complete Illustration and Exercise 1 to 6.
Unit 4
Q. What do you mean by
Holding and Subsidiary Company? How would you ascertain the amount of minority
interest and goodwill or capital reserve while preparing a Consolidated Balance
sheet?
Q. What are the
advantages and disadvantages of Holding Companies? Explain the transactions
which must be eliminated while preparing consolidated balance sheet.
Q. “Balance Sheet of
Holding Company to include certain particulars as to its subsidiaries”.
Considering this statement Explain the provisions of the Companies
Act, 2013.
Q. Explain the
treatment of the following items in Consolidated Balance Sheet:
Ø
Contingent
liabilities
Ø
Mutual
owing
Ø
Bonus
shares
Ø
Unrealised
Profit
Q. Write short notes
on:
Ø
Consolidated
Balance Sheet
Ø
Rationale
of Holding companies
Ø
Minority
Interest
Ø
Cost of
Control
Q. Practical Problems:
FOLLOW QUESTION PAPER FORM 2004 TO 2016 AS PROVIDED IN NOTES
Illustrations: 1 to 8, 10, 11,14
Exercise: 1,2,3,4,5,6,10,12,13
Corporate Accounting Selected Questions for May’ 2017 Exam
Old Course
Unit 1
Unit 1
Q. Discuss
the provisions of law with regard to redemption of Redeemable preference shares
as laid down in sec.80 of the Companies Act.
Q. Explain
the provisions of sec.81 of the Companies Act, 1956 regarding right issue of
shares. What the advantages of right issue of shares?
Q. What do
you mean by Bonus shares? Under what circumstances such shares are issued.
Illustrate the SEBI guidelines regarding Bonus issue.
Q. What are
the statutory books and statistical books required to be maintained by a
company?
Q. Explain
the SEBI’s Guidelines regarding issue of various classes of shares and
forfeiture of shares.
Q.
Distinguish between:
Ø Capital reserve and reserve capital
Ø Bonus issue and Right issue
Ø Forfeiture of shares and Surrender of shares
Q. Write
short notes on:
Ø Oversubscription and Prorata allotment
Ø Types of share capital
Ø Issue of share at a discount
Ø Issue of share at a premium
Q. Practical
Problems: (Jain and Narang)
Issue of shares: Exercise 1,2,8,9,11,12,13,15,17,19,24,25,29,30,32
Right and Bonus issue: Exercise 1 to 14.
Redemption of Preference shares: Illustration 1,2,3,4,5,7,13,14 Exercise:
5,6,7,8,10,12,13,14,15,16,18,21,22,23,24,29
Unit 2
Q. What do
you mean by debentures? What are its features? State its various types.
Q.
Distinguish between shares and debentures. State SEBI guidelines for issue of
debentures.
Q. How a
debenture can be redeemed? State its various methods.
Q. What do
you mean by buy back of shares? What the reasons are for buy back? State the
legal provisions relating to buy back of shares by a company as prescribed by
SEBI.
Q. Write
short notes on:
Ø Sinking fund method of redemption of debentures
Ø Debenture redemption reserve
Ø Treatment of Discount on issue of shares and Loss on issue of
debenture
Ø Treatment of Loss on issue of debenture
Q. Practical
Problems: (Jain and Narang)
Debentures: Illustration 1 to 23 except 13, 14, 15,16,17,18
Buy Back of Shares: Illustration 1 to 8.
Unit 3
Q. What is
amalgamation and external reconstruction? Explain its various types with
examples. Distinguish between amalgamation and absorption.
Q. Explain
Amalgamation in the nature of merger and Amalgamation in the nature of purchase
and distinguish between them.
Q. Explain
various methods for calculating purchase consideration with examples.
Q. What is
internal reconstruction? Explain its scope.
Q. Explain
the various provisions of Alteration and capital reduction of share capital
with examples.
Q. Write
short notes on:
Ø Pooling of Interest Method
Ø Features of Amalgamation
Ø Objectives of Amalgamation
Ø Internal Vs External Reconstruction
Ø Dissenting Shareholders
Q. Practical
Problems: (Jain and Narang)
Amalgamation: Illustration 1 to 7 and Exercise 1 to 12
Internal Reconstruction: Complete Illustration and Exercise 1 to
6.
Unit 4 – Liquidation
Q. What do
you mean by winding up of a Company? Explain various modes of winding up of a
company.
Q. Explain
the Steps to be followed by a liquidator while preparing a liquidator’s Final
Statement. Give a proforma of Liquidator’s final statement.
Q. What is
Voluntary winding up of Company? Mention
the reasons and consequences of winding up.
Q. Write
short notes on the following:
Ø Preferential Creditors
Ø “A” and “B” List of Contributories
Ø Order of Payment followed by liquidator
Ø Liquidator’s remuneration
Ø Liquidation vs. Insolvency
Q. Practical problems: (Jain & Narang)
Illustrations: 5, 6,7,8,9,10,11,12
Exercise: 6,7,8,9,10,11,12,13,14,15
Unit 5
Q. What do
you mean by Holding and Subsidiary Company? How would you ascertain the amount
of minority interest and goodwill or capital reserve while preparing a
Consolidated Balance sheet?
Q. What are
the advantages and disadvantages of Holding Companies? Explain the transactions
which must be eliminated while preparing consolidated balance sheet.
Q. “Balance
Sheet of Holding Company to include certain particulars as to its
subsidiaries”. Considering this statement Explain the provisions of Sec. 212 of
the Companies Act, 1956.
Q. Explain
the treatment of the following items in Consolidated Balance Sheet:
Ø Contingent liabilities
Ø Mutual owing
Ø Bonus shares
Ø Unrealised Profit
Q. Write
short notes on:
Ø Consolidated Balance Sheet
Ø Rationale of Holding companies
Q. Practical
Problems: (Jain and Narang)
Illustrations: 1 to 8, 10,
11
Exercise: 1,2,3,4,5,6,10,12,13