Search for Important Questions

Important Questions for "corporate accounting":

[1]

  1. Pass necessary journal entries both at the time of issue and redemption for 5,000 debentures issued at 100 each with 5% discount repayable at 10% premium after five years. Prepare the loss on issue of debentures account.
  2. 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.
  3. Prepare the liquidator's final statement of account allowing for remuneration of 2% on the realised amount and 2% on the amount distributed to unsecured creditors.

[2]

  1. What is meant by Share?
  2. What are the sources of buy back of shares?
  3. What journal entries are passed in the books of transferor and transferee companies in case of amalgamation?

[3]

  1. What is meant by Amalgamation?
  2. What is the meaning of a debenture and how many types of debentures are there?
  3. What is meant by amalgamation in the nature of merger and purchase? What is the difference between the two?

[4]

  1. Define goodwill and methods for its valuation.
  2. What is amalgamation? What are its objectives?
  3. Discuss the allocation methods of advertisement expense and depreciation.

[5]

  1. What is Discount on Debentures?
  2. Explain the intrinsic value of shares.
  3. Explain purchase consideration as per Accounting Standard 14.

GKPAD.COM by SK Yadav | Disclaimer

free counter