B.Com In Investment Management SEM V 2023 2024 Dec 2024 CORPORATE ACCOUNTING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 All Questions are compulsory. Questions 2to4 have an internal choice
2. Q2 Figures the right indicates full marks
3. Q3 Use of simple calculators is allowed
4. Q4 Working notes should form part of your answer
5. Q1 A) Match the Column ( Any 8 out 10 ) 8 marks
6. Q1 B) State whether the following statement are true or false ( Any 7 out 10 ) 1 A partnership firm can issue equity shares 2 Debenture holder are creditors of company 3 IPO stands for Investment Period Offer 5 Investments are valued at cost 6 Loss on Sale of Investment is debited to Profit & Loss Account 7 Investment held for less than 12 months are considered as Long Term Investments 8 NRR stands for Normal Rate of Return 9 Contribution to Provident Fund is Other Expenses from Company 10 Authorised Capital is disclosed only for information 7 marks
7. Q2 On Ist April, 2022; Mr. Mohandas held 400, 6% debentures of Rs 100 each of Best Ltd., cost being Rs 36,400. Best Ltd. pays interest on 30th June and 31st December every year. The following other transactions were entered by Mr. Mohandas during the year ended 31*' March, Date No. of Transactions Rates 2023 in regard to these debentures. Prepare Investment Account as per AS-13 15
8. Q2 Mr. Shyam had 20,000 equity shares of AP Ltd. on Ist April, 2022. The face value of the share is Rs 10 each but book value on Ist April, 2022 was Rs 18 per share
   • i. On Ist May, 2022 he purchased another 2,000 equity shares in AP Ltd., at having market price of Rs 15 per share
   • ii. On Ist June, 2022, he purchased additonal 3,000 equity shares of the same company at a market price of Rs 3 higher than face value ui. On Ist July, 2022 he sold 3,000 equity shares at Rs 22 per shares
   • iv. On Ist October, 2022 the directors of AP Ltd. had declared and issued bonus shares at the rate of one share for every four shares held as on that date
   • v. On Ist December, 2022 he purchased 2,500 equity shares of AP Ltd. when market price
   • vi. On Ist January, 2023, he purchased 2,000 right shares in AP Ltd. at 216 per share
   • vii. On Ist February, 2023 he sold 2,500 equity shares for Rs 26 per share Market Price of shares on 31st March, 2023 was 214 per share. Prepare Equity Shares A/c in Mr. Jinen's books for the year ended 31st March, 2023. 15
9. Q3 From the following Trial Balance as at 31.3.2023 of Rama Ltd and the adjustment given draw the final accounts of the company by applying Revised Schedule III of Companies Act Called up Capital Shares oF Closing Stock as on 31.3.2023 was Rs 3,15,000
10. Q3 Following is the Trial Balance of Rutuja Ltd as on March 2023 15 marks
11. Q1 The Authorised Share Capital of the company was Rs 1,20,00,000 divided into 12,00,000 Equity Shares of Rs 10 each
12. Q2 Sundry Debtors includes Rs 3,60,000 due for more than six months
13. Q3 Bills Receivable discounted with the bank not matured till the balance sheet date is amounted to Rs 30,000 Draw Balance Sheet as on March 2023 as per Revised Schedule VI requirements
14. Q4 The Balance Sheet of Raj Company as at 31/3/2023 was as follows : The expert revalued Land & Building at Rs 2,16,000 at Rs 2,50,000 and Plant & Machinery at Rs 1,15,500.Out of Debtors it was found debtors worth Rs 8,000 was bad. The profit of the company have been as follows: 80,000 ; 95,000 ; 1,05,000 . The company follows the practice of transferring 20% of profit to General Reserve. Similar type of companies earn at 12% of the value of their shares. Ascertain the value of the company’s shares as under: Ignore Taxation and depreciation on revalued asset 15 marks
15. Q4 On March 2023 the Balance Sheet of Lambada Ltd was as follows : The Net Profit of the company after providing for tax were as follows : On March 2023, Land & Building was revalued at 4,50,000 and Plant & Machinery was revalued at Rs 2,22,000.Normal Rate of Return can be considered at 8% .Goodwill is to be valued at 3 years purchase of super profits based on average profit of last 5 years. Find the intrinsic value of equity shares. (15)
16. Q5 A) Explain the term Preference Shares and types of preference shares ? 8 marks
17. Q5 B) Explain Equity Shares and features of equity shares 7 marks
18. Q5 Write Short Notes On : ( Any 3/5 ) 15 marks
19. Q1 Right Shares
20. Q2 Carrying Cost as per AS-13
21. Q3 Types of Debentures
22. Q4 Yield Method
23. Q5 Disclosure of Share Capital in Company Balance sheet

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