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Important Questions for "corporate accounting":

[1]

  1. Explain the calculation of liquidator's remuneration with example.
  2. 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.
  3. Describe the procedure of preparing a consolidated balance sheet with a suitable example.

[2]

  1. Why is the allotment of shares necessary?
  2. What do you mean by contingent liabilities? Give examples of contingent liabilities.
  3. What journal entries are passed in the books of transferor and transferee companies in case of amalgamation?

[3]

  1. What is a Holding Company?
  2. What is meant by amalgamation in the nature of merger and purchase? What is the difference between the two?
  3. What is the meaning of forfeiture of shares? How are shares forfeited? Can forfeited shares be reissued at a discount?

[4]

  1. What are unpaid calls in share capital?
  2. What is profit pre-incorporation and post-incorporation?
  3. Discuss the allocation methods of advertisement expense and depreciation.

[5]

  1. What is Discount on Debentures?
  2. Discuss the premium on redemption of debentures.
  3. Discuss the allocation methods of advertisement expense and depreciation.

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