UG-257
32
IV Semester B.Com. Examination, September/October 2022
(2021 22 and Onwards) (F+R) (CBCS)
COMMERCE
Paper-4.3:Advanced Corporate Accounting9
Time 3 Hours Max. Marks 70
Instruction : Answer should be completely written Co
eitherin Kannada or in
ACiaro
English only.
LIBRARY
College
SECTION- A
S6001
anga
1. Answer any five of the following sub-questions. Each sub edéstion carries
two marks.
(5x2=10)
a) State the steps involved in the preparation of consolidated financial statement.
b) What is Capital Reduction Account ?
c) State any two differences between Amalgamation and Acquisition.
d) What is call in arrears?
e) What is sustainability accounting?
f) Mention any four functions of liquidator.
g) State the various methods of valuation of Human Resource
Accounting.
SECTION-B
Answer any three from the following. Each question carries five marks. (3x5-15)
2. Calculate liquidator remuneration and also state the amount paid to unsecured
creditors.
i) Balance of cash after paying preferential creditors 8,20,000.
i) Other unsecured creditors 9,56,000.
i) Liquidator's remuneration is 3% on the amount paid to other unsecured
creditors.
P.T.O.
, UG 257
3. Asha Ltd. acquired 100000 equity shares of 10 each in Usha Ltd. on
31-12-2020. Their assets and liabilities as on 31-3-2021 were
Liabilities Asha Ltd. Usha Ltd. Assets Asha Ltd. Usha Ltd.
Share capital Fixed Assets 8,60,000 8,00,000
(shares of R 10 each) 20,00,000 12,00,000 Current Assets 8,60,000 8,00,000
General Reserve Investments
on 31/3/2020 4,00,000 1,80,000 (Shares in
Profits for the year 2,00,000 1,20,000 Usha Ltd.) 10,80,00o
Creditors 2,00,000 1,00,000
28,00,000 16,00,000 28,00,000 16,00,000o
Calculate Minority Interest and cost of control.
4. Pavan Ltd. resorted to Internal reconstruction. The scheme is as under
a) 40,000 Equity shares of 10 each fully paid to be converted into 20,000
equity shares of 5 each fully paid.
b) 2,000, 12% preference shares of F 100 each
fully paid to be converted into
20,000 equity shares of R 5 each, fully paid.
c) 300, 15% debentures of T1,000 each to be
discharged by the issue of 40,000
equity shares of F 5 each fully paid.
d) The amount so available be appropriated to write off the following.
Profit and Loss A/c debit
balance 2,00,000, Goodwill 2,00,000 and Plant
and machinery 1,50,000.
Pass necessary journal entries in the books of Pavan Ltd.
32
IV Semester B.Com. Examination, September/October 2022
(2021 22 and Onwards) (F+R) (CBCS)
COMMERCE
Paper-4.3:Advanced Corporate Accounting9
Time 3 Hours Max. Marks 70
Instruction : Answer should be completely written Co
eitherin Kannada or in
ACiaro
English only.
LIBRARY
College
SECTION- A
S6001
anga
1. Answer any five of the following sub-questions. Each sub edéstion carries
two marks.
(5x2=10)
a) State the steps involved in the preparation of consolidated financial statement.
b) What is Capital Reduction Account ?
c) State any two differences between Amalgamation and Acquisition.
d) What is call in arrears?
e) What is sustainability accounting?
f) Mention any four functions of liquidator.
g) State the various methods of valuation of Human Resource
Accounting.
SECTION-B
Answer any three from the following. Each question carries five marks. (3x5-15)
2. Calculate liquidator remuneration and also state the amount paid to unsecured
creditors.
i) Balance of cash after paying preferential creditors 8,20,000.
i) Other unsecured creditors 9,56,000.
i) Liquidator's remuneration is 3% on the amount paid to other unsecured
creditors.
P.T.O.
, UG 257
3. Asha Ltd. acquired 100000 equity shares of 10 each in Usha Ltd. on
31-12-2020. Their assets and liabilities as on 31-3-2021 were
Liabilities Asha Ltd. Usha Ltd. Assets Asha Ltd. Usha Ltd.
Share capital Fixed Assets 8,60,000 8,00,000
(shares of R 10 each) 20,00,000 12,00,000 Current Assets 8,60,000 8,00,000
General Reserve Investments
on 31/3/2020 4,00,000 1,80,000 (Shares in
Profits for the year 2,00,000 1,20,000 Usha Ltd.) 10,80,00o
Creditors 2,00,000 1,00,000
28,00,000 16,00,000 28,00,000 16,00,000o
Calculate Minority Interest and cost of control.
4. Pavan Ltd. resorted to Internal reconstruction. The scheme is as under
a) 40,000 Equity shares of 10 each fully paid to be converted into 20,000
equity shares of 5 each fully paid.
b) 2,000, 12% preference shares of F 100 each
fully paid to be converted into
20,000 equity shares of R 5 each, fully paid.
c) 300, 15% debentures of T1,000 each to be
discharged by the issue of 40,000
equity shares of F 5 each fully paid.
d) The amount so available be appropriated to write off the following.
Profit and Loss A/c debit
balance 2,00,000, Goodwill 2,00,000 and Plant
and machinery 1,50,000.
Pass necessary journal entries in the books of Pavan Ltd.
