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Important Questions for "Corporate Accounting":

[1]

  1. What are contingent liabilities? Provide any two examples.
  2. What do you understand by underwriting, sub-underwriting, and firm underwriting? What is the maximum commission legally allowed?
  3. Describe the procedure of preparing a consolidated balance sheet with a suitable example.

[2]

  1. Why is the allotment of shares necessary?
  2. Mention various provisions of the Companies Act for preparation of Balance Sheet.
  3. Define Holding Company. Under what circumstances can a company become subsidiary to another Company?

[3]

  1. Explain various methods of issue of share.
  2. What is meant by Amalgamation?
  3. Prepare a consolidated balance sheet for H. Ltd. and S. Ltd.

[4]

  1. Explain the Debenture Redemption Fund Account.
  2. Define goodwill and methods for its valuation.
  3. Discuss the concept of holding and subsidiary companies.

[5]

  1. What is Discount on Debentures?
  2. What is the concept of super profit?
  3. Explain purchase consideration as per Accounting Standard 14.

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