Documente Academic
Documente Profesional
Documente Cultură
OCTOBER 2012
Define stock.
{P \zxP G G?
3.
Define liquidation.
P UPn uP.
4.
A G G?
5.
PhP G ?
6.
u PnURk G G?
8.
{ Jn G G?
9.
i { UPn uP.
10.
\u G G?
PART B (5 6 = 30 marks)
Answer ALL questions.
11.
(a)
Ph zv[P mP u {v Bu[P .
(b)
Or
Madurai Ltd issued 1,00,000 equity shares of Rs. 10 ach,
which is as follows
On application Rs. 4
On allotment Rs. 3
On 1st call Rs. 2
On 2nd call Rs. 1
All the share money has been fully received. Pass Journal
entries.
. 3
u A
. 2
Csh A . 1
Azx [SP n HPmhx. Smi v
uP.
12.
(a)
20,000
Assets
Sundry assets
33,000
5,000
Creditors
15,000
6,000
Loan N Ltd
8,000
Loan H Ltd
10,000
P and L a/c
1,000
Loan M Ltd
8,000
70,000
34,000
70,000
34,000
M hm N hm C {U S
P
M hm
.
N hm
.
40,000
20,000
|mh P/S
5,000
Phu
15,000
6,000
Ph H hm
10,000
8,000
70,000
34,000
Ph M
hm
\zxP
M hm
.
N hm
.
\zxP
42,000
33,000
N hmi
[SP
20,000
Ph N hm
8,000
1,000
70,000
34,000
|mh P/S
A G G?
AP _UPP .
13.
(a)
A Ltd has 10,000 shares of Rs. 100 each. Out of this B Ltd
purchased 60% shares at Rs. 19,50,000. The profits of
A Ltd at the time of acquisition was Rs. 15,00,000. A Ltd
decided to issue a bonus shares of Rs. 100 each for every 5
shares held. Calculate the goodwill before issue of bonus
shares.
A hm 10,000 [SP . 100 u mhx. Cv
B hm 60% [SP . 19,50,000 US [Qx. A
P/ID 28501/PCMA
14.
(a)
Liabilities
H Ltd
Rs.
Assets
S Ltd
Rs.
Share capital
H Ltd
Rs.
S Ltd
Rs.
4,00,000
2,70,000
2,00,000
1,00,000
50,000
20,000
Shares of 10
each
8,00,000
3,00,000
creditors
3,50,000
1,60,000
40,000
20,000
Investment in shares of
S Ltd
5,00,000
2,10,000
40,000
Stock
1,50,000
80,000
50,000
30,000
Sundry debtors
1,00,000
60,000
50,000
20,000
14,50,000
5,50,000
Bills payable
Returns on
1.4.2001
Profit and loss
a/c
Bank balance
14,50,000
5,50,000
H hm
.
\zxP
S hm
.
[S u
H hm
.
S hm
.
{ Pmhh
4,00,000
2,70,000
2,00,000
1,00,000
50,000
20,000
[SP . 10
u
8,00,000
3,00,000
Cv
Phu
3,50,000
1,60,000
z xn
zvx
40,000
20,000
ukP S hm
5,00,000
2,10,000
40,000
\UQ
1,50,000
80,000
50,000
30,000
PhP
1,00,000
60,000
50,000
20,000
14,50,000
5,50,000
uS
a^mk
JxUS 1.1.2001
|mh P/S
[Q C
14,50,000
5,50,000
\u PnUQ uP ?
4
P/ID 28501/PCMA
15.
(a)
Or
(b)
(a)
P/ID 28501/PCMA
(a)
Rs.
12,00,000
2,50,000
Assets
Rs.
Fixed Assets
14,60,000
Investments (5%
securities)
1,20,000
5,40,000
Sundry creditors
5,60,000
Current assets
1,43,000
Preliminary expenses
21,53,000
33,000
21,53,000
The provision for taxation for the current year is @ 55% of the
net profits. Returns on capital employed in this industry is 10%.
Ascertain the yield value of share.
12,00,000
{ \zxP
14,60,000
P E
2,50,000
ukP (5%
Ezu)
1,20,000
Phu
5,60,000
|h \zxP
5,40,000
JxUS
1,43,000
xUPa \P
21,53,000
33,000
21,53,000
What are the restriction laid down under companies Act for
fixing remuneration to the directors, manager and
managing director?
{a \mhi CUS|P, s
CUS|US \ {n \v E PmkkP
?
6
P/ID 28501/PCMA
18.
(a)
Liabilities
Share capital
Assets
6,40,000 2,00,000
12,60,000 3,40,000
General Reserve
1,40,000
60,000
P and L A/c
Trade creditors
4,10,000 2,50,000
Debtors
3,80,000 1,00,000
Bank
1,20,000
34,50,000 10,00,000
50,000
34,50,000 10,00,000
RPq C {U SPx A hm B
hmi J[Qnu C {U S uUP.
P A hm . B hm .
[S u
\zxUP
A hm . B hm .
{ Pmhh
6,40,000
2,00,000
12,60,000
3,40,000
[S . 10 u 25,00,000
6,00,000
Cv
x JxUS
3,60,000
1,20,000
zxn mP
1,40,000
60,000
|mh P/S
2,40,000
1,80,000
40000 [SP B hm
5,00,000
Phu
3,50,000
1,00,000
\UQ
4,10,000
2,50,000
PhP
3,80,000
1,00,000
[Q
1,20,000
50,000
34,50,000
10,00,000
34,50,000
10,00,000
Or
(b)
Explain different
consideration.
methods
of
calculating
purchase
Pu PnURk \ P
?
7
P/ID 28501/PCMA
19.
(a)
(i)
10,00,000
(ii)
3,00,000
(iii)
2,00,000
(iv)
9,00,000
(v)
4,00,000
(vi)
1,00,000
(vii)
5,00,000
Doubtful debts
(xi)
(xii)
15,00,000
(x)
6,00,000
50.000
75,000
5,00,000
You are required to show how the items are statutorily required
to be entered in the balance sheet of the bank.
Rs.
(i)
10,00,000
(ii) [Q Ph Ezvu
3,00,000
2,00,000
(iv) Ph A \ { Ezvu
9,00,000
4,00,000
1,00,000
(vii) Ezvuu | { E Ph
5,00,000
6,00,000
15,00,000
50,000
\uPzvS Ph
75,000
5,00,000
Pq |hiUPPUP
SP v \P.
[Q
{U
Or
8
P/ID 28501/PCMA
(b)
nUP PnUQ G G? Au |, wP
.
20.
(a)
4,994
10,346
32
Generation of business
1,049
Medical facilities
196
Educational facilities
60
34
35
500
3,921
413
363
4,994
zv A_
10,346
32
Azv |hiUP
1,049
zx \vP
196
P \vP
60
] v k
34
Tku | o AP u x \ux
35
P/ID 28501/PCMA
. 000
u \P
{ A_ \P EQzux : \
500
3,921
zv A_ \P : uv u]
413
\ | |v, FUPzuP, Pk |P
363
\u AUP u \P.
Or
(b)
u PnURmi |, wP .
10
P/ID 28501/PCMA