Download Question Paper of "Corporate Accounting", Question Paper of BBA 2nd Semester, Subject Code : BBA - 204, Paper ID C0243 Paper 3

Roll No…………..

Total No. of Questions: 09

BBA (Sem.-2nd)

COMPUTER APPLICATIONS

Paper Code: BBA-204

Paper ID: [C0243]

Time: 3 Hrs.

INSTRUCTIONS:

1. Section –A, is Compulsory.

2. Attempt any one questions in Section-B at least one question from each Unit.

SECTION –A

Q.1.

1.     What is forfeiture of shares?

2.     Difference between discount on issue of shares according to sec. 79& discount on reissue of forfeited shares.

3.     What are maximum limits of managerial Remuneration if profits re inadequate?

4.     What is effective capital?

5.     What is an escrow account?

6.     What is payment of interest out of capital?

7.     What is cat goodwill?

8.     Who are stock brokers?

9.     Who are merchant bankers?

Section-B

2)    What is profit prior to incorporation ? how it is calculated & treated?

OR

3)     Zone Ltd., gave notive of its intention toredeem its outstanding 600000 9%  Debentures at 102 per cent and offered the holders the following option to apply for  this redemption money to subscribe  for :

a.     Preference Shares of 20 each at 22.50 per sent share and

b.    10% Debentures at 96

The holders of  240000 debentures accepted the proposal (a) and 180000 debenture holders accepted the proposal (b) above.

Pass the necessary   Journal Entries to give effect to the above mentioned transactions.

UNIT-II

4)    How will you calculate profits for  the purpose of managerial remuneration according to sec 349?

5)    A Company issued 50,00,000 equity shares of 10 each, 8 paid up the following resolutions:

a.     That profit be used in making the partly paid-up shares fully paid.

b.    That further 25,00,000 fully paid  up equity shares to be issued as bonus shares.

          Following balances are appearing in the books :

          Securities premium Reserve 1,00,00,000 ;General Reserve 50,00,000;  

          Surplus A/c 3,50,00,000

        You are required to give journal entries for recording the above transactions.

UNIT-III

6)     Explain the following:

·        Minority interest

·        Pre –acquisitions profit

·        Post – acquisitions profit

·        Cost of control

OR

7)    Following particulars are available in relation to X Ltd.

i)       Capital :450 6% preference Shares of  100 each fully paid; and 4,500 equity shares of 10 each fully paid.

ii)    External liabilities:7,500.

iii)  Reserve and surplus:3,500.

iv)  The average expected profit (after taxation) earned by the company ;8,500

v)    The normal profit earned on the market value of equity shares (fully paid) of the same line companies is 9%

vi)  10% of the profits after tax each year is transferred to reserves.                

Calculate the intrinsic value per equity shares and the value per equity share according to dividend yield basis. Assume that out of total assets, assets worth 350 are fictitious.

8)     Which are the different types of Non-Banking finance companies

             registered with R.B.I?

OR

9)     Explain the role and functions of stock brokers?