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62419/CPZ3A/CPG3A/
CPW3A/CPM3A/CPC3A
APRIL 2018
Time : Three hours
Maximum : 75 marks
SECTION A — (10 × 2 = 20 marks)
Answer any TEN questions.
1.
What is shares?
£[SPÒ GßÓõÀ GßÚ?
2.
Give any two differences between equity shares and preference
shares.
\õuõμn £[QØS® ©ØÖ® •ßÝ›ø© £[QØS® EÒÍ H÷uÝ®
Cμsk ÷ÁÖ£õmiøÚz u¸P.
3.
What is debenture?
Phß £zvμ® GßÓõÀ GßÚ?
4.
State the meaning of redemption.
«m¦ Gߣuß ö£õ¸Ò u¸P.
5.
What is balance sheet?
C¸¨¦{ø»U SÔ¨¦ GßÓõÀ GßÚ?
6.
How do you calculate sales ratio?
ÂØ£øÚ ÂQuzvøÚ }º GÆÁõÖ PnUQkÁõ´?
7.
What is net assets method?
{Pμ ö\õzx •øÓ GßÓõÀ GßÚ?
8.
Write a note on intrinsic value method.
EÒÍõº¢u ©v¨¦ •øÓ £ØÔ SÔ¨¦ GÊxP.
9.
State the meaning of internal reconstruction.
APa ^μõ´Ä Gߣuß ö£õ¸Ò u¸P.
10.
Mention procedure for reducing share capital.
£[S •uÀ SøÓ¨£uØPõÚ |øh•øÓPøÍ SÔ¨¤kP.
Ws5
11.
Give the meaning of subdivision of shares.
£[SPÒ ¤›¨¦ Gߣuß ö£õ¸Ò u¸P.
12.
What are the components of final account?
CÖvU PnUQß £SvPÒ ¯õøÁ?
SECTION B — (5  5 = 25 marks)
Answer any FIVE questions.
13.
Distinguish between authorized capital and paid up capital.
A[RP›UP¨£mh •u¼ØS® ©ØÖ® AÎUP¨£mh •u¾US®
Cøh÷¯ EÒÍ ÷ÁÖ£õmiøÚz u¸P.
14.
What is need for preparation of final accounts?
CÖv PnUSPÒ u¯õ›¨£uß ÷uøÁ ¯õx?
15.
ABC limited was incorporated on 1.7.2005, which took over a
running concern with effect from 1.1.2005. The sales for the
period upto 1.7.2005 was Rs. 2,70,000 and the sales from
1.7.2005 to 30.12.2005 amounted to Rs. 3,30,000
The expenses debited to Profit and Loss account included
Rs.
Director fees
15,000
Bad debts
1,800
Advertisement (Rs. 500 per month)
6,000
Salaries and General expenses
32,000
Preliminary expenses written off
3,000
Gross profit was 1.1.2005 to 31.12.2005 2,40,000
Ascertain the profit prior to incorporation.
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ABC ¼ªöhm 1.7.2005À TmkÖÁõUP® ö\´¯¨£mhx. A¢{Ö©®
J¸ ÁoP {ÖÁÚzvøÚ 1.1.2005 •uÀ GkzxU öPõshx.
1.7.2005 Áøμ ÂØ£øÚ ¹. 2,70,000 ÷©¾® 1.7.2005 •uÀ
30.12.2005 Áøμ EÒÍ ÂØ£øÚz öuõøP ¹. 3,30,000. C»õ£ |mh
PnUQÀ £ØÖ øÁUP¨£mh ö\»ÄPÒ Á¸©õÖ :
¹.
15,000
C¯US|º Pmhn®
ÁμõUPhß
1,800
ÂÍ®£μ® (©õu® JßÖUS ¹. 500)
6,000
32,000
\®£Í® ©ØÖ® ö£õx ö\»ÄPÒ
3,000
÷£õUöPÊu¨£mh •ußø©a ö\»ÄPÒ
1.1.2005 •uÀ 31.12.2005 Áøμ ö©õzu »õ£® 2,40,000
TmkÖÁõUPzvØS •¢øu¯ »õ£zvøÚU PnUQkP.
16.
Calculate the amount of goodwill in the following case, on the
basis of three years purchase of the last four years average
profits. The profits and losses for the last four years are
Year
Profit
Loss
Rs.
Rs.
2001 10,000
—
2002 16,000
—
2003
—
2004 12,000
6,000
—
¤ßÁ¸® £μ[PøÍU öPõsk |Øö£¯º öuõøP°øÚU Ph¢u
|õßS Bsk \μõ\› »õ£zvÀ ‰ßÖ BskPÒ öPõÒ•uÀ
Ai¨£øh°À PnUQkP. Ph¢u |õßS BskPÎß C»õ£ |mh®
Á¸©õÖ :
Á¸h® C»õ£® |mh®
¹.
¹.
2001
10,000
—
2002
16,000
—
2003
—
6,000
2004
12,000
—
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17.
Give an imaginary profit and loss appropriation account of a
limited company.
Kº Áøμ¯ÖUP¨£mh {Ö©zvß PØ£øÚ¯õÚ C»õ£ |mh £Qº©õÚU
PnUQøÚz u¸P.
18.
Given below is the Balance Sheet of a company as on
31st March, 2002
Liabilities
Rs.
Assets
Rs.
Preference shares Rs. 100 each 2,00,000 Goodwill
1,20,000
Equity shares Rs. 100 each
2,50,000
3,00,000 Fixed assets
Securities premium
Other liabilities
50,000 Current assets 1,80,000
1,50,000 Preliminary
expenses
15,000
P & L account 1,35,000
7,00,000
7,00,000
During 2002-03, the following resolutions were implemented :
(a)
To reduce the face value of the preference and equity
shares to Rs. 50 each
(b)
To write off other assets (except real assets) by utilizing
securities premium to the required extent.
Prepare the balance sheet after the reconstruction and also
journal entries thereon.
Kº {ÖÁÚzvß 31.3.2002ß ÷uv¯ C¸¨¦ {ø»U SÔ¨¦
AÎUP¨£mkÒÍx :
ö£õÖ¨¦PÒ
¹.
ö\õzxPÒ
•ßÝ›ø© £[SPÒ ¹. 100 Ãu® 2,00,000 |Øö£¯º
\õuõμn £[SPÒ ¹. 100 Ãu®
¤øn¯ •øÚ©®
Cuμ ö£õÖ¨¦PÒ
¹.
1,20,000
3,00,000 {ø»a ö\õzxPÒ 2,50,000
50,000 |h¨¦ ö\õzxPÒ 1,80,000
1,50,000 •ußø©a
ö\»ÄPÒ
C»õ£ |mh P/S
7,00,000
4
15,000
1,35,000
7,00,000
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2002&03À ¤ßÁ¸® wº©õÚ[PÒ {øÓ÷ÁØÓ¨£mhx
(A) •ßÝ›ø© ©ØÖ® \õuõμn £[SPÎß •P ©v¨¦ ¹. 50 BP
SøÓUP¨£kQÓx
(B) Cuμ ö\õzxUPøÍ ÷£õUöPÊxP (Esø©¯õÚ ö\õzxPÒ
uÂμ) ÷uøÁ¨£iß ¤øn¯ •øÚ©zvß £¯ß£kzvU
öPõÒP
^μõ´ÂØS ¤ÓS EÒÍ C¸¨¦{ø»U SÔ¨¤øÚ²® ©ØÖ®
AuØS›¯ SÔ¨÷£mk £vÄPøͲ® u¸P.
19.
From the following particulars of Ganga limited. Calculate the
managerial remuneration assuming there are two whole time
directors: a part time director and manager.
Net profit before provision for income tax and managerial
remuneration but after depreciation Rs. 8,70,410
Depreciation provided in the books Rs. 3,10,000
Depreciation allowable under schedule XIV Rs. 2,60,000.
¤ßÁ¸® £μ[PÒ P[Põ ¼ªöhmkUS›¯x. C¢{Ö©zvÀ Cμsk
•Ê ÷|μ C¯USÚºPЮ, £Sv ÷|μ C¯USÚº ©ØÖ® ÷©»õͺ
EÒÍÚº. CÁºPÎß ÷©»õsø© Fv¯zvøÚU PnUQkP.
Á¸©õÚ Á› JxUS ©ØÖ® ÷©»õͺ Fv¯® PnUQkÁuØS •ßÚº
BÚõÀ ÷u´©õÚzvØS ¤ßÚº EÒÍ {Pμ C»õ£® ¹. 8,70,410
HkPÎÀ EÒÍ ÷u´©õÚ® ¹. 3,10,000.
AmhÁøn XIVß RÌ AÝ©vUP¨£mh ÷u´©õÚ® ¹. 2,60,000.
SECTION C — (3  10 = 30 marks)
Answer any THREE questions.
20.
In January 1998 Green Ltd. issued 2,000 shares of Rs. 100 each
at a discount of 5%. The issue was fully subscribed by paying
Rs. 20 per share on application the balance was payable as to
Rs. 25 on allotment (with adjustment of discount) Rs. 20 on first
call and Rs. 30 on final call. All the calls were made and received
with an exception of final call on 200 shares held by one
Mr. Ram
Pass journal entries to record the above and show the resultant
balance sheet.
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áÚÁ› 1998À QŸß ¼ªöhm 2000 £[SPÒ ¹. 100 Ãu® 5%
uÒУi°À öÁΰmhx. AøÚzx öÁαkPЮ •ÊÁx®
AÝ©vUP¨£mk Âsn¨£zvß «x £[S JßÖUS ¹. 20® «u®
EÒÍ öuõøP JxURk «x ¹. 25® (uÒУi \›UPmh¾hß) •uÀ
AøǨ¦ «x ¹. 20® CÖv AøǨ¦ «x ¹. 30 AÎUP ÷Ásk®
AøÚzx AøǨ¦PЮ ÂkUP¨£mhx ÷©¾® μõ® GߣÁº
øÁzv¸¢u 200 £[SPÐUS›¯ CÖv AøǨ¦ uÂμ HøÚ¯ öuõøP
•ÊÁx® ö£Ó¨£mhx. ÷©ØPõq® £vÄPÐUS›¯ SÔ¨÷£mk
£vÄPøͲ® AuØS›¯ C¸¨¦{ø»U SÔ¨¤øÚ²® Põs¤UP.
21.
What are the various types of debentures which may be issued
by a company? Explain them in detail.
{ÖÁÚzuõÀ öÁΰh¨£k® £À÷ÁÖ ÁøP¯õÚ Phß £zvμ[PÒ
¯õx? AøÁ JÆöÁõßøÓ¨ £ØÔ²® ÂÍUP©õP ÂÁ›.
22.
Prepare final account from the following information :
Debit
Opening stock
Purchases
Wages
Rs.
Credit
50,000 Sales
2,00,000 Discount received
70,000 P & L account
Rs.
3,25,000
3,150
6,220
Discount allowed
4,200 Creditors
35,200
Insurance upto 31.3.06
6,720 Reserves
25,000
Salaries
18,500 Loan from MD
Rent
6,000 Share capital
General expenses
8,950
Printing
2,400
Advertisement
3,800
Bonus
10,500
Debtors
38,700
Plant
15,700
2,50,000
1,80,500
Furniture
17,100
Bank
34,700
Bad debts
3,200
Calls-in-arrears
5,000
6,60,270
6
6,60,270
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You are required to prepare P & L account for the year ended
31.3.2005 and a balance sheet as on that date. The following
further information is given
(a)
Closing stock was valued at Rs. 1,91,500
(b)
Depreciation on plant at 15% and on furniture at 10%
should be provided
(c)
A tax provision of Rs. 8,000 is considered necessary
(d)
The directors declared an interim dividend on 15.8.2005 for
6 months ending June 30, 2005 @ 6%.
¤ßÁ¸® uPÁÀPøÍU öPõsk CÖv PnUQøÚ u¯õº ö\´P
£ØÖ
öuõhUP \μUQ¸¨¦
öPõÒ•uÀ
T¼
¹.
ÁμÄ
50,000 ÂØ£øÚ
¹.
3,25,000
2,00,000 ö£ØÓ uÒУi
3,150
70,000 C»õ£ |mh P/S
6,220
AÝ©vUP¨£mh uÒУi
4,200 PhÜ¢÷uõº
35,200
31.3.06 Áøμ Põ¨¥k
6,720 Põ¨¦
25,000
\®£Í®
18,500 MD°h® ö£ØÓ Phß
ÁõhøP
6,000 £[S •uÀ
ö£õx ö\»ÄPÒ
8,950
Aa_ ö\»Ä
2,400
ÂÍ®£μ®
3,800
FUP öuõøP
10,500
PhÚõÎPÒ
38,700
ö£õÔ
15,700
2,50,000
1,80,500
AøÓP»ß
17,100
Á[Q
34,700
ÁμõU Phß
3,200
AøǨ¦ {¾øÁ
5,000
6,60,270
6,60,270
31.3.2005¢ ÷uv÷¯õk •iÁøh²® BskUS›¯ »õ£ |mh P/S
©ØÖ® C¸¨¦ {ø»U SÔ¨¤øÚ u¯õº ö\´P. Cuμ uPÁÀPÒ
¤ßÁ¸©õÖ AÎUP¨£mkÒÍx
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(A) CÖv \μUQ¸¨¦ ©v¨¦ ¹. 1,91,500
(B) ö£õÔ «x 15% ©ØÖ® AøÓP»ß «x 10% ÷u´©õÚ® JxUSP
(C) Á› «uõÚ JxURk ¹. 8,000 ÷uøÁ GÚ P¸u¨£kQÓx
(D)
23.
15.8.2005À C¯USÚº AÔÂzu 6 ©õuzvØPõÚ CøhUPõ»
£[Põuõ¯® ãß 30, 2005 6% BS®.
The following is the balance sheet of R Ltd., as on 31.3.2008
Liabilities
Rs.
Share capital Rs. 10 each
Assets
Rs.
2,00,000 Land and buildings
1,10,000
General reserve
40,000 Plant and machinery
Taxation reserve
60,000
Workmen savings account
30,000 Trade marks
20,000
Profit and loss account
32,000 Stock
48,000
Creditors
98,000 Debtors
88,000
at cost (less depreciation) 1,30,000
Cash
52,000
Preliminary expenses
12,000
4,60,000
4,60,000
The plant and machinery is worth Rs. 1,20,000 and land and
buildings have been valued at Rs. 2,40,000 by an independent
value. Rs. 8,000 of the debts is bad. The profits of the company
have been as follows.
2006 – Rs. 80,000; 2007 – Rs. 90,000 and 2008 – Rs. 1,06,000. It
is the company’s practice to transfer 25% of the profits to
reserve. Ignoring taxation, find out the value of the shares.
Similar companies give an yield of 10% on the market value of
their shares. Goodwill may be taken to be worth Rs. 1,60,000.
R
¼ªöhmiß
¤ßÁ¸©õÖ :
31.3.2008ß
ö£õÖ¨¦PÒ
£[S •uÀ ¹. 10 Ãu®
¹.
÷uv¯
C¸¨¦
{ø»U
ö\õzxUPÒ
2,00,000 {»® ©ØÖ® Pmih®
SÔ¨¦
¹.
1,10,000
ö£õxU Põ¨¦
40,000 ö£õÔ ©ØÖ® C¯¢vμ®
Á›PÐUS›¯ Põ¨¦
60,000 ÷u´©õÚ® PÈzu ¤ÓS 1,30,000
£o¯õͺ ÷\ª¨¦ PnUS
30,000 ÁoPU SÔ±k
20,000
C»õ£ |mh PnUS
32,000 \μUQ¸¨¦
48,000
8
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ö£õÖ¨¦PÒ
PhÜ¢÷uõº
¹.
ö\õzxUPÒ
98,000 PhÚõÎPÒ
¹.
88,000
öμõUP®
52,000
•ußø©a ö\»ÄPÒ
12,000
4,60,000
4,60,000
ö£õÔ ©ØÖ® C¯¢vμ® ©v¨¦ ¹. 1,20,000 ÷©¾® {»®,
Pmih® ¹. 2,40,000 GÚ ©v¨¤h¨£mhx. ¹. 8,000 ©v¨¦ÒÍ
Phß öuõøP ÁμõUPhß. {ÖÁÚzvß C»õ£® ¤ßÁ¸©õÖ
2006 & ¹. 80,000; 2007 – ¹. 90,000 ©ØÖ® 2008 – ¹. 1,06,000.
{ÖÁÚzvÀ 25% C»õ£z öuõøP Põ¨¤ØS ©õØÓ® ö\´Áx
ÁõiUøP¯õP EÒÍx. Á›°øÚ uºUPÄ®. £[S ©v¨¤øÚ
PõsP. C÷u ©õv›¯õÚ {ÖÁÚ[PÒ Auß £[Qß ©v¨¤À
10% Á¸Áõ´ DmkQÓx. |Øö£¯º ©v¨¦ ¹. 1,60,000 GÚ
GkzxU öPõÒͨ£kQÓx.
24.
Sick limited had the following balance sheet as on 31.3.2014
Liabilities
Rs.
Assets
6% Preference shares of
Rs. 100 each
Goodwill
2,00,000 Fixed assets
Equity shares of
Stock
Rs.
60,000
3,00,000
1,50,000
Rs. 100 each
4,00,000 Debtors
60,000
Debentures
1,00,000 Discount on debentures
10,000
Sundry creditors
1,50,000 Bank
1,000
Profit and Loss account 2,69,000
8,50,000
8,50,000
The following reconstruction scheme was approved
(a)
Preference shares he reduced to 8% preference shares of
Rs. 60 each
(b)
Equity shares to be reduced to Rs. 80 each
(c)
The amount thus made available for utilized to write off
fictitious assets including goodwill and Rs. 50,000 from
fixed assets
Give entries for the reconstruction and the final balance
sheet.
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]U ¼ªöhmiß 31.3.2014 |õøÍ C¸¨¦ {ø»U SÔ¨¦ ¤ßÁ¸©õÖ :
ö£õÖ¨¦PÒ
¹.
6% •ßÝ›ø©¨
ö\õzxPÒ
|Øö£¯º
¹.
60,000
£[SPÒ ¹. 100 Ãu® 2,00,000 {ø»a ö\õzxPÒ
3,00,000
\õuõμn £[SPÒ
1,50,000
\μUQ¸¨¦
¹. 100 Ãu®
4,00,000 PhÚõÎPÒ
60,000
Phß £zvμ[PÒ
1,00,000 Phß £zvμ[PÒ «x uÒУi
10,000
£Ø£» PhÜ¢÷uõº
1,50,000 Á[Q
1,000
C»õ£ |mh PnUS
8,50,000
2,69,000
8,50,000
¤ßÁ¸® ©Ö^μõ´Ä vmh® AÝ©vUP¨£mhx
(A) •ßÝ›ø©¨ £[SPÒ 8% •ßÝ›ø©¨ £[SPÍõP ¹. 60 Ãu®
SøÓUP¨£mhx
(B) \õuõμn £[SPÒ ¹. 80 SøÓUP¨£mhx
(C) QøhUS® öuõøP°øÚ £¯ß£kzv PØ£øÚa ö\õzxPøÍ
÷£õUöPÊuÄ® |Øö£¯º Em£h ÷©¾® {ø»a ö\õzx «x
50,000•® ÷£õUS GÊu ÷Ásk®. ©Ö ^μõ´ÂØPõÚ
SÔ¨÷£mk £vÄPøͲ® ÷©¾® C¸¨¦ {ø»U SÔ¨¦ u¯õº
ö\´P.
—————————
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