Bangalore University 2008-4th Sem B.Com English & Business Communication B com ister , , Corporate Accounting -II, , COMMERCE - Question Paper

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.



SECTION – A

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

a) Define amalgamation.
b) State the objectives of amalgamation.
c) Define purchase consideration.
d) What is net assets method?
e) What is external reconstruction?
f) Give 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. What are the grounds for compulsory winding up of a company?
4. What are the differences ranging from amalgamations and external reconstruction?
5. Distinguish ranging from re-organization and reduction of share capital.
6. Following 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. following are the Balance Sheet of C Ltd. and D Ltd. as at 31-03-2008

Earning:   Approval pending.