File Details:

Questions:

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 do you mean by underwriting of shares and debentures?
3. What are contingent liabilities? Provide any two examples.
4. Explain intrinsic value and market value of shares.
5. What do you mean by reduction in share capital?
6. Explain the calculation of liquidator's remuneration with example.
7. How is the amount of goodwill determined for a consolidated balance sheet?
8. Differentiate between fund flow statement and balance sheet.
9. 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.
10. What do you understand by underwriting, sub-underwriting, and firm underwriting? What is the maximum commission legally allowed?
11. 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.
12. 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.
13. Describe the procedure of preparing a consolidated balance sheet with a suitable example.