How To Exam?

a knowledge trading engine...


Bangalore University 2007 B.Com PE 4.3: COPORATE ACCOUNTING II - Question Paper

Friday, 22 March 2013 11:40Web

IV Semester B.Com. Examination, June 2008
(Semester Scheme)
COMMERCE

Paper - 4.3: Corporate Accounting – II

Time: three Hours Max Marks: 90


Instruction: Answers should be written completely in English or Kannada.



part – A

1. ans any ten of the subsequent. every ques. carries 2 marks.(10x2=20)

a) describe amalgamation.
b) State the objectives of amalgamation.
c) describe purchase consideration.
d) What is net assets method?
e) What is external reconstruction?
f) provide the meaning of internal reconstruction.
g) What is capital reduction account?
h) What is intangible asset? provide 2 examples.
i) State the kinds of voluntary winding up.
j) State the functions of liquidator.
k) Who are secured creditors?
l) What is surrender of shares?

part – B

ans any 5 of the subsequent. every ques. carries 5 marks. (5x5=25)

2. Write a note on amalgamation in the nature of purchase?
3. elaborate the grounds for compulsory winding up of a company?
4. elaborate the differences ranging from amalgamations and external reconstruction?
5. Distinguish ranging from re-organization and reduction of share capital.
6. subsequent is the Balance Sheet of A Ltd, as at 31-03-2008

Liabilities Rs. Assets Rs.
Equity share capital Fixed Assets 2, 00,000
10,000 shares of Rs.10 every 1, 00,000 Current Assets 50,000
Reserves and surplus 50,000
12% Debentures 75,000
Creditors 25,000
2, 50,000 2, 50,000

B Ltd., absorbs the business A Ltd; as at the above date and agrees to discharge
The purchase consideration as under:
a) Cash payment of Rs.2 per share
b) problem of sufficient number of equity shares of Rs. 10 every at a premium of 100% for the balance.

compute purchase consideration and state the number of equity shares issued . Assuming that fixed assets are valued at Rs.2, 75,000 and current assets at Rs.45, 000.

7. subsequent are the Balance Sheet of C Ltd. and D Ltd. as at 31-03-2008

Liabilities Cltd D Ltd. Assets C Ltd. D.Ltd
Rs. Rs. Rs. Rs.

Equity share 1,50,000 1,50,000 Land and Buildings 1,00,000 1,50,000
(15,000 shares )
Reserves and Surplus 50,000 1,00,000 Plant and Machinery 1,50,000 1,25,000
12% Debentures 1,00,000 1,00,000 Stock 75,000 75,000
Creditors 60,000 60,000 Debtors 25,000 50,000
Cash 10,000 10,000
3, 60,000 4,10,1000 3,60,000 4,10,000

C Ltd. and D Ltd. amalgamate their business and form a new company called DC Ltd. The assets of both the companies are valued as follows:

Fixed Assets 25% more
Stock 15% less and
Debtors 10% less

The purchase consideration is discharged by the problem to both companies, sufficient number of equity shares of Rs.10 every in DC Ltd. at an agreed value of Rs.12.50 per share.



( 0 Votes )

Add comment


Security code
Refresh

Earning:   Approval pending.
You are here: PAPER Bangalore University 2007 B.Com PE 4.3: COPORATE ACCOUNTING II - Question Paper