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?      

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

Roll  No………….

Total  No.  of  Questions  :  09

BBA  (Sem.–2)  (2012  Batch)

CORPORATE  ACCOUNTING

Subject  Code  :  BBA-204

Paper  ID  :  [C0243]

Time  :  3  Hrs. Max.  Marks  :  60

INSTRUCTION  TO  CANDIDATES  :

1. SECTION-A  is  COMPULSORY  consisting  of  TEN  questions  carrying

TWO  marks  each.

2. SECTIONS-B   consists   of  FOUR  Subsections   :   Units-I,   II,   III   &   IV.

    Each  Subsection  contains  TWO  questions  each  carrying  TEN  marks

    each  and student  has  to attempt  any  ONE  question  from each  Subsection.

SECTION-A

l. Write  short  notes  on  :

(i) Final dividend

(ii) Schedule VI to the Companies Act  1956

(iii) Contingent liabilities

 (iv) Forfeiture of shares

(v) Preliminary expenses

(vi) Pro Rata Allotment

(vii) Amalgamation

(viii) Internal Reconstruction

(ix) Voluntary disclosure in financial reporting

(x) Role of computers in accounting

UNIT-I

2. Explain  ‘Issue  of  shares  at  a  premium’.  State  the  legal  provisions  for

    utilization  of  securities  premium. Also  explain  the  issue  of  shares  at  a

    discount.

3. A  limited  company  invites  applications for  the  50,000  equity  shares  of

    Rs.  10  each payable as  follows; on application  Rs. 3, on  allotment  Rs.  4,

    on  first  call  Rs.  2  and  on  final  call  the  balance.  Applications  were

    received  for  55,000  shares  and allotments  were  made  on  the  following

    

basis :

(i) To applicants for 35,000 shares in full.

(ii) To applicants  for 20,000  shares - 15,000  shares.

      Excess money paid on application was utilized towards allotment money.

     A  shareholder  who  was  allotted  1,500 shares  out  of the  group  applying

     for  20,000  shares  failed  to  pay the  allotment  money  and  money  due  on

     calls.  These  shares  were  forfeited.  1,000  forfeited  shares  were  reissued

     as  fully  paid  on  receipt  of  Rs. 8  per  share.  Show  the  journal  entries  in

     the books of  company.

UNIT-II

4. What  are  different  types  of  Dividend  and  what  conditions  are  to  be

    satisfied before declaring dividend? Also explain the accounting treatment

    of dividends.

5. Explain with example the vertical and horizontal  formats  of a  company’s

    balance sheet according to schedule VI, Part I section 211 of the Companies

    Act 1956 and Profit  and loss Account.

UNIT-III

6. How  do  you  distinguish  between  holding  company  and  subsidiary

    company? How the valuation of goodwill and shares is done?

7. What  do  you  mean by Amalgamation?  Explain  the accounting entries in

    the books of transferor  and transferee  company.

UNIT-IV

8. What  are  the  benefits  of computerized  accounting?  Explain  its  role  in

    bringing transparency and accuracy in accounting records.

9. Write the features of financial reporting in case of merchant bankers.

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Download Question Paper of "Corporate Accounting", Question Paper of BBA 2nd Semester, Subject Code : BBA - 204, Paper ID C0243 Paper 1

Roll No.

Total No. of Questions: 09

BBA (Sem.2nd)

CORPORATE ACCOUNTING

Subject Code: BBA-204

Paper ID: [C0243]

Time: 3 Hrs.

INSTRUCTION TO CANDIDATES:

1. Section A is compulsory. Give answer to each question up to five lines in length.

Each question carries two marks.

2. Attempt four questions from Section B attempting at least one question from

each unit. Each question carries 10 marks.

Section - A

Q1. Write short notes on the following:

a) Purchase Method

b) Internal Reconstruction

c) Unrealised  profits in stock

d) Consolidation of accounts

e) What is a Holding Company?

f) Use of amount of premium

g) Over-subscription of shares

h) What is Accounting Software?

i) What is a Financial Institution?

j) What is Absorption?

Section - B

UNIT-I

Q2. Explain the Accounting Treatment in case of Issue of Shares.

Q3. Sunflow Ltd. issued 50,000 equity shares. The whole of the issue was

        underwritten as follows: Red 40%; White 30%; Blue 30% Applications for

       40,000 shares were received in all, out of which applications for 10,000 shares

       had the stamp of Red; those for 5.000 shares that of White and those for

      10,000 shares that of Blue. The remaining applications for 15,000 shares did

       not bear any stamp. Determine the liability of the underwriters.

UNIT-II

Q4. What is Dividend? Discuss the major types of Dividends.

Q5. The following particulars are extracted from the Profit and Loss Accounts of         Bharat Ltd. for ` the year ended 31st March, 2012:

(i) Remuneration and perquisites paid to:

(a) Managing Director Rs. 75,000

(b) Whole-time Director Rs.60, 000

(ii) Provision for bonus of Rs. 5.5 lakhs and for gratuity Rs.50,000, this includes

      provision for above Directors- Bonus Rs. 5,000 and gratuity Rs.6, 000.

(iii) Provision for doubtful debts made during the year Rs. 30,000.

(iv) Surplus on sale of building credited in the Profit and Loss Account Rs.

       1,50,000. This includes a short term capital gain of Rs. 1,30,000.

(v) Loss on sale of machinery debited in Profit and Loss Account, Rs.7,000

     (representing difference between sale price Rs. 1,43,000 and written down

     value Rs. 1,50,000).

(vi) The company has made donations of Rs. 50,000 to charitable institutions and

      contributed Rs. 4 lakhs to an approved research association for research related

      to the company's business.

(vii) Provision for Income-tax 8 lakhs and for surtax Rs.60,000 made in the

        accounts.

(viii) The net profit as per Profit and Loss Account is Rs. 16 lakhs. The company    

          had suffered losses  in  the  earlier  years.  The  aggregate  amount  of  such 

           brought  forward  losses (after adjustments required to be made under  

           Section 349) works out to Rs. 2.5 Lakhs.You are required to calculate the

           net profit for the purpose of computing managerial remuneration.

UNIT-III

Q6. Discuss the concept of corporate Amalgamations and Absorptions in detail.

Q7. A earns Rs. 1,20,000 as its annual profits, the rates of normal profit being 10%

       The assets of the firm amounted to Rs. 14,40,000 and liabilities to Rs.

       4,80,000. Find out the value of goodwill.

UNIT-IV

Q8. Discuss briefly the reporting requirements for various kinds of Financial

       Institutions in India.

Q9. What is Computerised Accounting? Discuss its major advantages and

       disadvantages.

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