Download PTU (Punjab Technical University) BBA (Bachelor of Business Administration) 2nd Semester 10547 CORPORATE ACCOUNTING Last 10 Years 2020, 2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012, 2011 and 2010 Previous Question Papers.
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA (2013 to 2017)/BRDM/B.SIM (2014 & Onwards)
(Sem.?2)
CORPORATE ACCOUNTING
Subject Code : BBA-204
M.Code : 10547
Time : 3 Hrs. Max. Marks : 60
INSTRUCTION TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks
each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.
SECTION-A
1. Write briefly :
a) Issue of Debentures as collateral security.
b) Right issue
c) Growth funds
d) Deferred Taxes
e) Reduction in Share Capital
f) Average capital employed for the calculation of goodwill
g) Corporate social responsibility
h) Items included in the current assets of the Balance Sheet
i) Non-performing Assets
j) Ready-to-use accounting software
SECTION-B
UNIT-I
2. What is a debenture? What are the types of debentures? Distinguish between share and
debenture.
3. X Ltd. issued for Public subscription 40,000 equity shares of Rs.10 each at a premium of
Rs.2 per share payable as under; on application Rs.3per share; on allotment Rs. 5 per
share (including premium), on first call Rs. 2 per share and on second call Rs.2 per share.
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1 | M-10547 (S12)-1846
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA (2013 to 2017)/BRDM/B.SIM (2014 & Onwards)
(Sem.?2)
CORPORATE ACCOUNTING
Subject Code : BBA-204
M.Code : 10547
Time : 3 Hrs. Max. Marks : 60
INSTRUCTION TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks
each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.
SECTION-A
1. Write briefly :
a) Issue of Debentures as collateral security.
b) Right issue
c) Growth funds
d) Deferred Taxes
e) Reduction in Share Capital
f) Average capital employed for the calculation of goodwill
g) Corporate social responsibility
h) Items included in the current assets of the Balance Sheet
i) Non-performing Assets
j) Ready-to-use accounting software
SECTION-B
UNIT-I
2. What is a debenture? What are the types of debentures? Distinguish between share and
debenture.
3. X Ltd. issued for Public subscription 40,000 equity shares of Rs.10 each at a premium of
Rs.2 per share payable as under; on application Rs.3per share; on allotment Rs. 5 per
share (including premium), on first call Rs. 2 per share and on second call Rs.2 per share.
2 | M-10547 (S12)-1846
Applications were received for 60,000 shares. Allotment was made pro rata to the
applicants for 48,000 shares, the remaining applications being refused. Money overpaid
on applications was utilized towards sums due on allotment.
Shri Ram, to whom 1,600 shares were allotted, failed to pay the allotment, first and
second call money and Shri Hussain to whom 2,000 shares were allotted failed to pay the
two calls. These shares were subsequently forfeited after the second call was made. All
the forfeited shares were sold to Mohan as fully paid up at per share. Show the journal
entries to record the above transactions.
UNIT-II
4. Explain the procedure and law regarding declaration and payment of dividend by a
company. What accounting entries are passed in this connection?
5. The following balances appeared in the books of sun Ltd. as on 31st March, 2016 :
Dr. (Rs.) Cr. (Rs.)
Equity Shares of Rs. 10 each, fully paid up 6,00,000
General Reserve 2,30,000
Unclaimed Dividend 526
Trade Payables 42,858
Building (at cost) 1,50,000
Purchases 5,00,903
Sales 10,83,947
Manufacturing Expenses 3,50,000
Salaries 26,814
General Charges 31,078
Machinery (at cost) 2,30,000
Furniture (at cost) 5,000
Opening Inventories 1,72,058
Trade receivables 2,32,380
Investment 2,88,950
Provision for Depreciation on Fixed Assets 91,000
Advance payment of Income Tax 50,000
Cash at bank 72,240
Director?s Fees 1,800
Inetrest on Investment 8,544
Profit and Loss Balance (1.4.2015) 16,848
Staff provident fund 37,500
21,11,223 21,11,223
From the above mentioned balances the following information, prepare the company?s
balance sheet as on 31
st
March,2016 and its profit and loss statement for the year ended
on that date :
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1 | M-10547 (S12)-1846
Roll No. Total No. of Pages : 03
Total No. of Questions : 09
BBA (2013 to 2017)/BRDM/B.SIM (2014 & Onwards)
(Sem.?2)
CORPORATE ACCOUNTING
Subject Code : BBA-204
M.Code : 10547
Time : 3 Hrs. Max. Marks : 60
INSTRUCTION TO CANDIDATES :
1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks
each.
2. SECTION-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.
4. Student has to attempt any ONE question from each Sub-section.
SECTION-A
1. Write briefly :
a) Issue of Debentures as collateral security.
b) Right issue
c) Growth funds
d) Deferred Taxes
e) Reduction in Share Capital
f) Average capital employed for the calculation of goodwill
g) Corporate social responsibility
h) Items included in the current assets of the Balance Sheet
i) Non-performing Assets
j) Ready-to-use accounting software
SECTION-B
UNIT-I
2. What is a debenture? What are the types of debentures? Distinguish between share and
debenture.
3. X Ltd. issued for Public subscription 40,000 equity shares of Rs.10 each at a premium of
Rs.2 per share payable as under; on application Rs.3per share; on allotment Rs. 5 per
share (including premium), on first call Rs. 2 per share and on second call Rs.2 per share.
2 | M-10547 (S12)-1846
Applications were received for 60,000 shares. Allotment was made pro rata to the
applicants for 48,000 shares, the remaining applications being refused. Money overpaid
on applications was utilized towards sums due on allotment.
Shri Ram, to whom 1,600 shares were allotted, failed to pay the allotment, first and
second call money and Shri Hussain to whom 2,000 shares were allotted failed to pay the
two calls. These shares were subsequently forfeited after the second call was made. All
the forfeited shares were sold to Mohan as fully paid up at per share. Show the journal
entries to record the above transactions.
UNIT-II
4. Explain the procedure and law regarding declaration and payment of dividend by a
company. What accounting entries are passed in this connection?
5. The following balances appeared in the books of sun Ltd. as on 31st March, 2016 :
Dr. (Rs.) Cr. (Rs.)
Equity Shares of Rs. 10 each, fully paid up 6,00,000
General Reserve 2,30,000
Unclaimed Dividend 526
Trade Payables 42,858
Building (at cost) 1,50,000
Purchases 5,00,903
Sales 10,83,947
Manufacturing Expenses 3,50,000
Salaries 26,814
General Charges 31,078
Machinery (at cost) 2,30,000
Furniture (at cost) 5,000
Opening Inventories 1,72,058
Trade receivables 2,32,380
Investment 2,88,950
Provision for Depreciation on Fixed Assets 91,000
Advance payment of Income Tax 50,000
Cash at bank 72,240
Director?s Fees 1,800
Inetrest on Investment 8,544
Profit and Loss Balance (1.4.2015) 16,848
Staff provident fund 37,500
21,11,223 21,11,223
From the above mentioned balances the following information, prepare the company?s
balance sheet as on 31
st
March,2016 and its profit and loss statement for the year ended
on that date :
3 | M-10547 (S12)-1846
a) The inventories on 31
st
March. 2016 was valued at Rs.1,48.680.
b) Provide Rs.19,000 for depreciation on fixed assets and Rs.8,000 for managing
director?s remuneration.
c) Interest Accrued on investment amounted to Rs.2.750.
d) Make a Provision of Rs.50,000 for Income Tax.
e) The Directors propose a dividend @8% after transfer of Rs.35,000 to general
reserve.
f) Corporate Dividend Tax: 20.358.
UNIT-III
6. Explain with suitable example, the various methods of valuation of shares of a Company.
7. Give journal entries in the books of Transferee Company under the following Conditions:
(a) The Pooling interest method
(b) The Purchase Method
UNIT-IV
8 Write short notes on :
(a) Merchant Bankers
(b) Stock Brokers.
9. ?Computerised Accounting System is the best form of accounting system?. Do you
agree.Comment.
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 07 December 2019