Corporate Accounting Important Questions
B.Com 2nd and 4th Sem CBCS Pattern for 2023 Exam
Unit 1: Issue of shares and accounting for share capital,
Debentures
(These Questions are subject to modification, if necessary.
Download our DTS for complete notes)
Part A: ACCOUNTING FOR SHARE CAPITAL/REDEMPTION OF PREFERENCE SHARES/ BONUS SHARES
Q. Explain the SEBI’s Guidelines regarding issue of various
classes of shares and forfeiture of shares.
2013, 2014
Q. What are the statutory books and statistical books
required to be maintained by a company?
Q. Discuss
the provisions of law with regard to redemption of Redeemable preference shares
as laid down in Sec. 55 of the Companies Act. 2012,
2016, 2018, 2019, 2022
Q. What do you mean by Bonus shares? Under what circumstances
such shares are issued. Illustrate the SEBI guidelines regarding Bonus issue. 2017
Q. What is right issue? Explain the provisions of the law
regarding issue of right shares.
Q. What is Buy back of shares? Explain the provisions of Companies Act Relating ot Buy Back of Shares.
Q.
Distinguish between:
Ø Capital
reserve and reserve capital
Ø Bonus
issue and Right issue 2022
Ø Forfeiture
of shares and Surrender of shares
Q. Write short notes on:
1)
Reserve Capital 2018, 2019
2)
Securities premium reserve 2015, 2016
3)
Discount on issue of shares 2015
4)
Forfeiture of Share. 2013, 2015
5)
Redeemable Preference Shares 2015
6)
Types of share capital
7) Four points of distinction between bonus shares and right shares.
8) Oversubscription and Prorata Allotment. 2017
Q. Practical
Problems:
b) Redemption of Preference shares 2017
C) Bonus Shares 2013
d) Buy Back of Shares 2022
Q. Write
short notes on:
1)
Reserve Capital 2018, 2019
2)
Securities premium reserve 2015, 2016
3)
Discount on issue of shares 2015
4)
Forfeiture of Share. 2013, 2015
5)
Redeemable Preference Shares 2015
6)
Types of share capital
7)
Four points of distinction between bonus
shares and right shares.
8)
Oversubscription and Prorata Allotment. 2017
Part B: ISSUE AND REDEMPTION OF DEBENTURES
Q. What do
you mean by debentures? What are its features?
Q.
Distinguish between shares and debentures. State SEBI guidelines for issue of debentures.
Q. How a
debenture can be redeemed? State its various methods.
Q. Write
short notes on:
Ø Debt Capital 2014
Ø Debenture Trust Deed 2018
Ø Sinking Fund and Redemption of debentures by sinking fund
method. 2014, 2016, 2019, 2022
Ø Convertible Debentures 2017
Ø Open Market Operation
Ø Cum Dividend and Ex-dividend
Ø Debenture redemption reserve
Ø Types of Debentures 2017
Ø Treatment of Discount on issue of shares and Loss on issue of
debenture 2013
Q. Practical Problems:
a)
Debentures: Sinking fund
method (2011, 2012, 2018)
b)
Conversion method
c) Issue of debentures with redemption option (2015, 2019) and
d) Preparation of discount or loss on issue of debentures account (2013).
Unit 2: FINAL ACCOUNTS OF COMPANIES (Part A)
(These Questions are subject to modification, if necessary. Download our DTS for complete notes)
Q. Practical
Problems: (PART A)
A. Final
Account of Companies, Preparation of Provision for taxation account. 2010,
2011, 2016, 2018, 2019
B.
Preparation of Provision for income tax, advance tax account 2017
Or
PART B – Theory Section
Q. What are IFRS and Accounting Standards? Explain its
relevance. Explain some specific IFRS (From 1 to 9). 2015, 2016
Q. What are divisible profits? Explain the provisions of
Companies Act relating to transfer of profit to reserves.
Q. What is dividend and Interim divided? What are various
sources of dividend? Distinguish between Interim and Final dividend.
Q. Explain the format of Statement of profit and loss and
Balance sheet of a company. 2016,
2017
Q. Explain the treatment of the following items whiling
preparing the final account of a limited company:
a)
Share Capital, Loans,
Current Liabilities, Fixed Capital Expenditure 2018,
b)
Managerial remuneration,
Preliminary Expenses, Provisions and Reserves, Provision for income tax, Tax
deducted at source, Corporate dividend tax, Advance income tax 2015, 2019
Q. Write Short notes on:
Ø Payment of dividend out of
capital profit. 2015
Ø Advance Payment of Tax 2016
Ø Interim Dividend 2018
Ø Corporate Dividend Tax 2017
Ø Preliminary Expenses.
Accounts of Banking Companies (Part B)
Q. List out the form of business in which Banking Company may engage
as detailed in Section 6 of the Banking Regulations Act. Or Mention the
features of a banking company. 2018
Q. Explain the following in relation to the Banking Company:
a)
Slip system of posting and its merits and demerits 2015, 2018
b) Rebate on Bills Discounted
and its treatment 2014,
2016, 2017, 2019, 2022
c) NPA 2015,
2019
d) Non-banking Assets
e) Form B of the Banking
Company
f)
Format of financial statements of banking companies 2016
g) Books maintained by
banking companies
h) Money at call and short notice
(Schedule 7) 2013SN,
2017SN, 2018SN
i)
Difference
between performing and non-performing assets 2016
j)
Inter
branch adjustments 2017
k) Contingent liabilities 2017
l)
Statutory
reserve 2019
m) SLR and CRR 2019
Q. Write a brief note on various types of advances provided by bank.
(Cash Credit, Overdraft, Loan, Discounting) 2015SN, 2022
Q. Write a brief note on various classes of advances (Standard
assets, sub-standard assets, doubtful assets, loss assets. Also mention % of
provision required in these classes. 2013
Q. Give in brief the various provisions of the Banking Regulation
Act, 1949 relating to the annual accounts of the banking company.
Q. Explain the RBI’s prudential Accounting Norms as recommended by
the Narasimham Committee. 2014
Unit 3: Valuation
of Goodwill and Valuation of Shares and Cash Flow Statement
(These Questions are subject to modification, if necessary. Download our DTS for complete notes)
Q. What is Goodwill? What
are its features? Explain various factors affecting valuation of goodwill.
Q. What are various types
of goodwill?
Q. Why valuation of
goodwill is necessary? Explain various methods for valuation of goodwill. 2022
Q. Why shares are valued?
Explain various methods for valuation of shares. 2022
Q. Define Cash Flow
Statement. What are its objectives? Discuss the importance and limitations of
Cash flow statement. 2016
Q. How cash flow statement
is prepared? Explain direct and indirect method of preparing cash flow
statement. 2011, 2014, 2018
Q. Practical Problems:
Ø Valuation of Goodwill 2022
Ø Valuation of Shares
Ø Preparation of Cash flow
statement
Q. Distinguish between:
Ø Cash flow statement and
Funds flow statement 2012,
2016
Ø Cash flow statement and
Cash Budget
Ø Cash flow statement and
cash book 2018
Unit 4: Amalgamation and External Reconstruction (Part – A)
(These Questions are subject to modification, if necessary. Download our DTS for complete notes)
Q. What is amalgamation and external reconstruction? Explain
its features. Explain its various types (2010, 2013) with examples. Distinguish
between amalgamation and absorption. 2016
Q. Explain Amalgamation in the nature of merger and
Amalgamation in the nature of purchase and distinguish between them. Also
explain the treatment of reserve in case of amalgamation. 2014, 2015, 2018, 2022
Q. What is pooling of interest method and purchase method?
Explain the differences between pooling of interest method and purchase method. 2015, 2016
Q. Explain
various methods for calculating purchase consideration with examples. 2010, 2014
Q. Practical
Problems: Journal Entries for Amalgamation and External Reconstruction and
Preparation of balance sheet 2010, 2012, 2014, 2017, 2019, 2022
Q. Write short notes on:
Ø Purchase consideration 2015, 2017, 2019
Ø Amalgamation in the nature
of purchase. 2012, 2018
Ø Amalgamation in the nature
of Merger 2012,
2018
Ø Treatment of reserves in
case of amalgamation in the nature of merger and purchase 2018
Unit 4: Internal Reconstruction and
Capital Reduction (Part – B)
Q. What is
internal reconstruction? Explain its scope.
Q. Explain
the various provisions of Alteration and capital reduction of share capital
with examples. 2011, 2012, 2017, 2019, 2022
Q. Write
short notes on:
Ø Internal reconstruction 2018
Ø Reduction of share capital 2016
Q. Practical Problems: Journal Entries and Preparation of balance
sheet in case of Internal Reconstruction 2011, 2013, 2015, 2016, 2018
Unit 5: Accounts of Holding Companies
(These Questions are subject to modification, if necessary. Download our DTS for complete notes)
Q. What do you mean by Consolidated Financial Statements?
What are the objectives and scope of these statements? Also point out the
advantages and disadvantages of consolidation. 2015,
2018
Q. What are the advantages and disadvantages of Holding
Companies? Explain the transactions which must be eliminated while preparing
consolidated balance sheet. 2015,
2016, 2022
Q. “Balance
Sheet of Holding Company to include certain particulars as to its
subsidiaries”. Considering this statement explain the provisions of the
Companies Act, 2013. 2014,
2017
Q. What do
you mean by Holding and Subsidiary Company (2013, 2015, 2016)? How would you
ascertain the amount of minority interest and goodwill or capital reserve while
preparing a Consolidated Balance sheet? 2010, 2013
Q. Explain
the treatment of the following items in Consolidated Balance Sheet: 2012
Ø Contingent
liabilities
Ø Mutual
owing
Ø Bonus
shares
Ø Unrealised
Profit
Q. Write
short notes on:
Ø Minority interest 2014, 2015, 2017
Ø Cost of Control or
Goodwill 2017
Ø Pre-acquisition and
post-acquisition profit 2013
Ø Consolidated Balance Sheet 2016
Ø Rationale of Holding
Companies
Ø Capital
Profits 2018
Ø Capital reserve 2014
Q. Practical
Problems: Follow illustrations given in your book 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017,
2018, 2022
👉👉Also Read:
Corporate Accounting Question Papers (From 2010 till Date)
Corporate Accounting Solved Question Papers (From 2010 till Date)
Corporate Accounting MCQs (Multiple Choice Questions and Answers)
👉👉Corporate Accounting Chapterwise Notes
Unit-I: Shares & Debentures
1. ISSUE OF SHARES AND SHARE CAPITAL
2. RIGHTS SHARES AND BONUS SHARES
3. BUY-BACK OF SHARES
4. REDEMPTION OF PREFERENCE SHARES
5. ISSUE AND REDEMPTION OF DEBENTURES
Unit II: Preparation of financial statements of companies
1. FINAL ACCOUNTS OF COMPANIES
2. ACCOUNTS OF BANKING COMPANIES
Unit-III: Valuations of Goodwill and Shares & Cash Flow Statement
1. VALUATIONS OF GOODWILL AND SHARES
2. CASH FLOW STATEMENT
Unit-IV: Amalgamation, External Reconstruction and Internal Reconstruction
1. AMALGAMATION AND EXTERNAL RECONSTRUCTION
2. INTERNAL RECONSTRUCTION AND CAPITAL REDUCTIONS
Unit-V: Accounts of Holding Companies
ACCOUNTS OF HOLDING COMPANY COMPLETE NOTES
PRACTICAL QUESTION BANK (FROM 2012 TO 2022)
ISSUE OF SHARES, RIGHT SHARES AND BONUS SHARES
REDEMPTION OF PREFERECE SHARES
ISSUE AND REDEMPTION OF DEBENTURES
AMALGAMATION AND EXTERNAL RECONSTRUCTION
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