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Saturday, November 5, 2016




Roll No.
Total No. of Questions: 07
B Com. (Sem.-4th)
CORPORATE ACCOUNTING-II
Subject Code: BCOP-401
Paper ID: [B1140]
Time: 3 Hrs.
INSTRUCTIONS TO CANDIDATE:
I. Section A is compulsory. Give answer to each question upto five lines in length. Each question caries two marks.
2. Attempt four questions from Section B. Each question caries 10 marks.
SECTION - A
Q.1: Write short notes on the following:
a) Purchase Method
b) Unrealized profits in stock
c) Amalgamation
d) Corporate Restructuring
e) Holding Company
f) Revenue Profits
g) Liquidation of a company
h) Statement of Affairs
i) Deficiency Accounts
j) Cost of Control
SECTION - B
Q.2 The Trial Balances of H.Ltd. and S.Ltd. as on 31st December 201 were as under :
H.Ltd.                                                 S.Ltd.
Dr.              Cr.                       Dr.              Cr.
Equity Share Capital
(Share of `10 each)                            10,00,000                                2,00,000
7% Preference Share Capital
(Share of `10 each) -                                                                          2,00,000
Reserves                                            3,00,000                                  1,00,000
6% Debentures                                  2,0,00                                     2,0,00
Trade Receivables/Payables    80,000        90,00         0        50,000        60,000
P&L A/c balance                               20,00         0                                     15,000
Purchases/Sales    5,0,000                 9,0,000                 6,0,000       9,50,000
Wages & Salaries           10000                                                150000
Debenture Interest         12,000                                               12,000
General Expenses          80,000                                               60,000
Preference-Dividend up to
30.6.201                                            3,500                   7,000
Stock (31.12.2011) 1,0,000                                           50,000
Cash at Bank       13,500                                               6,000
Investment in S.Ltd. 5,28,000                                       -                                   
Fixed Assets                  11,00,000                                         7,90,000
                             ________________________________________________
25,13,50               25,13,50               17,25,00     17,25,00
Investment in S Ltd. were acquired on 1.4.201 and consisted of 80% of Equity Capital and50% of Preference Capital. Depreciation on fixed assets is written of @ 10% p.a. After acquiring control over S Ltd., H Ltd. supplied to it gods at cost plus 20%, the total invoice value of such gods being `60,00; 1/4 of such gods was stil in stock at he end of the year.
Prepare the Consolidated Profit and Los Account for the year ended on 31st December.2011.
Q.3: The position of Valueless Ltd. on its liquidation is as under: Issued and paid up Capital:
5,000 10% preference shares of Rs. 10 each fully paid.
7,000 Equity shares of Rs. 10 each fully paid.
6,000 Equity shares of Rs. 50 each Rs. 30 per share paid.
Calls in Arrears are Rs.20, 00 and Calls received in Advance Rs.17,00. Preference
Dividends are in arrears for one year. Amount left with the liquidator after discharging all liabilities is Rs. 8, 27,00. Articles of Association of the company provide for payment of preference dividend arrears in priority to return of equity capital. You are required to prepare the Liquidators final statement of account.
Q.4. What is Consolidated Balance Sheet? Discus with the help of some figures.
Q.5: With the help of a hypothetical example pas the accounting entries in the Books of the Purchasing Company on Acquisition.
Q.6: What is meant by 'B' List of contributories? What is the liability of contributories included in this list? Discus.

Q.7: How the Banking Company Accounts are different from other companies? Discus.

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