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Important Questions for "Corporate Accounting":

[1]

  1. Give journal entries for creating capital redemption reserve account and redemption out of 5,00,000 general reserve for redeemable preference shares.
  2. What are contingent liabilities? Provide any two examples.
  3. Find out the value of shares of M Ltd. and N Ltd. using the asset valuation method considering the valuation of fixed assets and goodwill.

[2]

  1. What are the sources of buy back of shares?
  2. Mention various provisions of the Companies Act for preparation of Balance Sheet.
  3. What do you mean by contingent liabilities? Give examples of contingent liabilities.

[3]

  1. What is a Holding Company?
  2. What accounting records are made when shares are issued at par, premium, or discount?
  3. What is the meaning of a debenture and how many types of debentures are there?

[4]

  1. Explain the Debenture Redemption Fund Account.
  2. What are unpaid calls in share capital?
  3. What is amalgamation? What are its objectives?

[5]

  1. What is Discount on Debentures?
  2. Discuss the premium on redemption of debentures.
  3. What is the concept of super profit?

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