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.