Download PTU B.Com (Bachelor of Commerce) 2020 December 3rd Sem 22013 Corporate Accounting I Previous Question Paper
Roll No.
Total No. of Pages : 02
Total No. of Questions : 16
B.Com. (2013 to 2017 Batch) (Sem. ?3)
CORPORATE ACCOUNTING ? I
Subject Code : BCOP-301
M.Code : 22013
Time : 3 Hrs. Max. Marks : 60
INST RUCT IONS T O CANDIDAT ES :
1 .
SECT ION-A is COMPULSORY cons is ting of TEN questions carrying TWO marks
each.
2 .
SECT ION-B c ontains SIX q uestions ca rryin g TEN mark s each a nd stu dents hav e
to attempt any FOUR questions .
SECTION-A
Write briefly :
1.
Note on Buy back of shares.
2.
Meaning book building process.
3.
Sweat equity shares.
4.
Any two methods of calculating goodwill.
5.
Note on Maximum rate of Underwring Commission.
6.
Note on Issue of shares for consideration other than Cash.
7.
Short note on redemption of preference shares.
8.
Sources of Bonus Shares to be issued.
9.
Can a company declare dividend out of pre-incorporation profits?
10. Format of balance sheet of a company as per Companies Act, 2013.
SECTION-B
11. What is Redemption of preference shares? Discuss the provisions of section 55 of the
Companies Act, 2013 regarding issue and redemption of preference shares.
12. Discuss Goodwill. Discuss the various methods of valuation of goodwill.
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13. What are legal provisions regarding right issue and bonus issue?
14. Following particulars are available :
Profits earned : 2016 Rs. 50,000 ; 2017 Rs. 60,000 ; 2018 Rs. 55,000.
Normal rate of profit 10%
Capital employed Rs. 3,00,000
Profits included non-recurring profits on an average basis of Rs. 4,000 out of which it
was deemed that even non recurring profits had a tendency of appearing at the rate of
Rs. 1000.
Calculate Goodwill :
a) As per five years purchase of super profits.
b) As per capitalization of super profit method.
c) As per capitalization of normal profits.
15. Sanjeev Kumar Ltd. had Rs.1,00,000 Equity share capital (Rs.10), 1000 8% Rs.100
redeemable preference shares and Rs.60,000 and Rs.40,000 respectively in general
reserve and surplus account. It had also Rs 3,000 in securities premium reserve account.
The company exercised its option to redeemed the preference shares @ 10% premium.
For this purpose 5,000 Rs.10 right shares were issued at 10% premiums which were fully
paid at a time. The company had also Rs.30,000 investments which were sold for
Rs.38,000. All payments were made except 2 holders of 50 shares who could not be
traced.
The directors then issued bonus shares to the shareholders at the rate of 2 for 3 held at 5%
premium.
Pass entries assuming that directors want there should be minimum reduction in free
reserves.
16. A limited company has made an issue Rs. 5,00,000, 9% debentures on 1st April 2014 the
terms of which include that the company must take a 4 years sinking fund insurance
policy for the redemption of debentures at a premium of 5%. The annual premium is
Rs.1,15,000. The value of policy increases each year by 6%.
Give Journal entries for four years and also shoe Sinking fund Insurance Policy Account.
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 13 February 2021