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July 9th, 2014, 02:01 PM
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CS Executive Company Accounts, Cost & Management Accounting paper
I am searching here question paper for CS Executive Programme Company Accounts, Cost & Management Accounting examination ?? give me soon ? Here I am giving you question paper for CS Executive Programme Company Accounts, Cost & Management Accounting examination in a PDF file attached with it so you can get it easily. 1. (a) State, with reasons in brief, whether the following statements are true or false : (i) The existing equity shareholders are necessarily to accept the rights offer. (ii) Contingent liability in respect of a transaction between holding and wholly owned subsidiary companies will not appear in the footnote of the consolidated balance sheet. (iii) In case of inter-company unrealised profits included in unsold goods, minority shareholders are not affected in any way. (iv) In case of inadequacy of profits, dividend can be paid out of capital reserve. (v) Redemption of preference shares amounts to reduction in the capital of the company. (2 marks each) (b) Write the most appropriate answer from the given options in respect of the following : (i) Discount allowed on the re-issue of forfeited shares cannot exceed — (a) 10% of paid-up capital (b) 10% of the capital re-issued (c) The amount received on forfeited shares (d) Capital reserve account. (ii) Sections 349 and 350 of the Companies Act, 1956 contain the provisions relating to the manner of determination of net profit for the purpose of calculating the — (a) Disposal of net profit (b) Managerial remuneration (c) Fair value of assets (d) Fair value of shares. (iii) As per Accounting Standard–28, an impairment loss should be recognised whenever the recoverable amount of an asset is less than its — (a) Original cost (b) Opportunity cost (c) Carrying amount (d) None of the above. (iv) When a company issues debentures at par or at a discount which are redeemable at a premium, the premium payable on redemption of the debentures is to be treated as — (a) Revenue loss (b) Capital loss (c) Deferred revenue expenditure (d) None of the above. (v) Expenses incidental to the creation and floatation of a company are called — (a) Underwriting expenses (b) Preliminary expenses (c) Trade expenses (d) Establishment expenses. (1 mark each) (c) Re-write the following sentences after filling-in the blank spaces with appropriate word(s)/figure(s) : (i) Section 81 of the Companies Act, 1956, provides that where a public company proposes to increase its subscribed capital at any time after the expiry of ___________ year(s) of its formation or at any time after the expiry of ___________ year(s) from the first allotment of shares whichever is earlier, it should satisfy certain conditions. (ii) Preliminary expenses being of capital nature may be written-off against ___________. (iii) Goodwill is an intangible asset, but is not a ___________ asset. (iv) Accumulated losses of the subsidiary company upto the date of acquisition of shares by the holding company are called ___________ losses. (v) International Accounting Standards are issued by the ___________. (1 mark each) 2. (a) Calculate the value of one equity share from the following information : (i) 60,000 equity shares of `10 each, `7 paid-up. (ii) `2,00,000, 10% preference shares of `100 each, fully paid-up. (iii) Expected annual profits before tax `4,00,000. (iv) Tax rate 35%. (v) Transfer to general reserve 20% of profits every year. (vi) Normal rate of return 20%. Last edited by Neelurk; March 25th, 2020 at 12:49 PM. |
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