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BCom SY BCom Sem 4 BCom Sem 4 (2016 2017) Sep 2017 ATKT ACCOUNTS Question Paper - Mumbai University | munotes

BCom Sem 4 (2016 2017) Question Paper, Sep.pdf
SY BOCM · 446 KB · 1 May 2025

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Questions asked in this paper

  1. Q2 Capital Redemption Reserve is used for payment of dividend Memorandum Account is prepared to lind out stock on the date of fire +. of Redemption of Preterence Shares are spec ified at the time of its issue
  2. Q5 The fund created to provide funds for Redemption of Debentures is called Sinking fund 6 A purchase order is issued by the seller to a buyer,
  3. Q7 Insurance avoids loss due to fire
  4. Q10 Premium payable on debentures is provided out of profits A company cannot issue Redeemable preference Shares Mateh the columns. (Any 7) O7Marks
  5. Q3 Redemption Reserve, C. Sale of Goods/Services
  6. Q4 Debentures. D. Transfer to Sinking Fund, Profits of the Company Interest on Fund Investment. Cover Risk of Loss
  7. Q7 Premium on Redemption of Preference share, G, Used to Add a Voucher Loss on Sale of Sinking Fund H. Profit &
    • J. Discourage insurance 2016 & Stock was destroyed with the exception of worth Rs. 62.040. Following are available books af accounts of the firm , Stock as on | 90.000 Purehases to the date of fire Sales to the lire 2.70.060 to the manager on 7.800 \verage Gross profits on cast lo Clause, You are to arrive at the
  8. Q1 Total
  9. Q2 Amount to be made against the insurance in the premises of Mr. Virendra on October. 2015. 15Marks the following particulars ascertain the loss of stock and prepare a statement of claim to lodged with insurance company Sales from to 15-10-2015 ‘the stock on March. 2013 was valued at 90% of Cost Price and 31" march, 2014 was valu ut 10% above cost, Salvage was Rs. 35.600 the amount of policy was Rs. The Claim Was subject to average clause
  10. Q3 is the balance sheet of XYZ Ltd as on 3} SMarks 5.000 equity share of Rs 100 | Fixed Assets shares of Rs 1.60.000 | Other Current Assets 4.00.0 On April 2016 the Company:
  11. Q1 Redeemed Preference shares at a premium of Rs2 per share
  12. Q2 Investment sold at 20% profit
  13. Q3 Company issued 1.000 Equity shares of Rs 10 each a premium of 10%,
  14. Q4 Compan issued une bonus for every five share held (excluding new issue), Piss entries in the books of the Company
  15. Q3 ix) the balance sheet of Umashankir Rao Ltd as on, 31-03-20] equity share of Rs 40.00.000 | Fixed Assets 3.20.000 Bunk Balance 4.00.06 preferenee Shares to be redeemed premium of Fresh issue of equity share made to the extent required in terms of the provision of the companies Act. 1956.All the to be market value Company Redeemed the preference shares except in case of one shareholder holding 200 share who could not be traced Subsequently the company issued bonus shares in the ratio of one equity share for four Pass necessary journal entries in the books of the Company Sumit Medical Suppliers Ltd. gave notice of its intention to its 10% Rs of each ata premium of pe: debenture and i dehenture holders following three options . to apply the redemption money to subscribe for : Preference shages of Rs 100 each at Rs 105 per Shares 3 12% Debentures al Rs 100 Rs 96 each have their redeemed for cash, holders of 4200 accented proposal (A) holders of 2880 accepted proposal (B) necessary journal entries to record above transaction in the books of the company company issued 10.000 - 8% Debentures of Rs. 100 each at par on 01-01-2001 Redeemable on 31-12-2004 at par. company decided to invest money outside business to ide funds redemption. The outside investments were made ‘@ 5% the last day of each On 2004, the company sold all investments for Rs. and redeemed the Debentures. Sinking Fund value of Rs. 5% interest for 4 years is Prepare for all the four years:
  16. Q1 Debentures Account { :
  17. Q2 Sinking Fund Note: he rounded off tq the nearest rupee
    • A) the Procedure of determination of insurance claim. 8
    • B) List of five function key combinations and their functionality, Short Notes: (any thirce) 15Marks the purchase order in Tally 7

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