B.Com In Investment Management SEM II 2022 2023 Apr 2023 INTRODUCTION TO ACCOUNTING II Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 (a) 1 Ltd. has a branch in Sydney, Australia. At the end of M arch, 2017 the following ledger balances have been extracted from the books of the Syd ney off ce: in the exchange loss or gain, according to. \S 11 (Revised 2003) assuming that h operations are integral it is a "dependent" branch) (15)
2. Q2 (a)Gems Ltd submits following information as on 31st Mar 2016 Capital Comprise of 12,500 shares of Rs. 100 each fully paid, It is ascertained that Patent Rights are Ascertain The value of shares on asset backing method. (07)
3. Q2 (b) Bheem Itd capital is Rs 11,00,000 divided in shares of Rs 10 each. Of these 40,000 shares are 8% Preference and remaining are equity shares. The average profit ( after tax@ 50 % ) earned during past 3 years is Rs 1,50,000 In future expenses will increase by Rs 12,000, The stock in hand on December 31st 2017 was $ 2500. The rates of exchange were: From December 31st, 2016 to June 30th, 2017 1$ From Ist July, 2017 to 31st December, 2017 1$=36. In the Bhopal books the balance of the Sydney Branch Account and of the remittances from Sydney Branch Account appear as 1,78,847 and 37,068 respectively. The original Furniture and Fixture were bought when the rate of exchange was $1=30. Convert the above Trial Balance into Rupees currency. prepare the final accounts of the branch.(15) 10% premium (b) 2,000 Debentures of Rs ribed and allotments were redemption was 2.Current Liabilities Features of Not for Profit organization
4. Q2 Intrinsic value
5. Q4 Accounting For Investment

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