Download PTU BBA 2020 Dec 2nd Sem 10547 Corporate Accounting Question Paper

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Roll No. Total No. of Pages : 02

Total No. of Questions : 18

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BBA (2014 to 2017) / BRDM / B.SIM (2014 & Onwards)

(Sem.-2)

CORPORATE ACCOUNTING

Subject Code : BBA-204

M.Code: 10547

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Time: 3 Hrs. Max. Marks : 60

INSTRUCTIONS 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.

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4. Students have to attempt any ONE question from each Sub-section.

SECTION-A

Write briefly :

1. Preference Shares.
2. Preliminary Expenses.

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3. Redemption of Debenture.
4. Managerial Remuneration.

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5. Difference between Provisions and Reserves.
6. Bonus Shares.

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7. Internal Reconstruction.
8. Discuss any two methods for calculating Goodwill.
9. Accounting Software.
10. Mutual Funds.

SECTION-B

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UNIT-I

1. Explain the meaning, usage and accounting treatments for right issue of shares?
2. The authorized capital of a limited company is Rs. 2,00,000 divided in to 20,000 equity shares of Rs. 10 each. Out of these, 15,000 shares have been issued to the public, payable Rs. 2 on application, Rs. 4 on allotment, Rs. 2 on first call and Rs. 2 on second and final call. Pass necessary journal entries and prepare Balance sheet. All amounts have been duly received.

UNIT-II

1. For the year ended 31st December, 2012. The balance of P&L A/c of Xerox Limited before charging depreciation amounted to Rs. 2,00,000. Depreciation provided during the year Rs. 40,000. The paid up capital of the company consisted of 5,000 6% preference shares of Rs. 100 each and 60,000 Equity shares of Rs. 10 each. Interim dividend on Equity Shares is at 7.5%. A Credit balance of profit of Rs. 35,000 brought forward from previous year. The following appropriations were made :
   1. To pay the dividend on preference shares.

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   2. Final dividend of 5% to be paid to Equity Shareholders.
   3. Provision for tax Rs. 26,000.
   4. Transfer minimum amount to General Reserve.
   5. Corporate Dividend Tax 16.2225.

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2. What are the different types of Dividend? What are the conditions to be satisfied before declaring dividend? Explain the accounting treatment of dividend.

UNIT-III

1. What are the objectives of Amalgamation? Discuss in detail the key differences between Amalgamation, Absorption and Reconstruction.
2. Explain the various purchase considerations methods. Discuss various accounting treatment in the books of the transferor and transferee company.

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UNIT-IV

1. Write the features of financial reporting in the case of Merchant Bankers.
2. What are the benefits of computerized accounting? Explain its role in bringing transparency and accuracy in accounting records.

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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