41 Corporate Accounting May 2022
41 Corporate Accounting May 2022
41 Corporate Accounting May 2022
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!l! Semester B.B.A. Examination, March/April 2022
{CBCS) (R) (2015-16 and Onwards}
BUSINESS ADM INISTRATICN
3.3 : Corporate Accounting
1. Answer any five questions. Each question carries two marks : (5x2=10)
a) State any two merits of financial analysis. I
SECTION _ B
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Net sales 7,50,000 10,00,000
expenses 80,000
Selling and distribution
i,00,000
lnterest received 25,000 40.000
Income tax 30% 30oo
4' Krishna and Co., agreed to purchase the business of Radha and Co.. on the
basis of three years purchase of the average profits of the last
four years The
profits were ;
2018 -t 30,000; 2019-t
50,000; 2A2A-t60,000 and in2A21 t 52,000
-
Calculate the value of goodwill assuming that the business ,was
supervised by
the management and remuneration payable from alternative
emplcyment. if
not engaged in the business comes to t 7,000 p.a,
6' under what notes (heading) do you show the following items
in the Balance
sheet of a company.
a) Machinpry i
b) Goodwiil
c) Stock
d) Share capital
e) Debentures
f) Sundry creditors.
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Answer any three questions. Each question carries fourteen rnarks : {3xI 4=42}
7. H Ltd, acquired 8000 shares of t 10 each in S Ltd., on 31-03-2021 the
summarized Balance sheet of H Ltd. and s Lid., were as foliows :
l-iabilities l-l Ltd. (t) s Lrd. {T) Assets H Ltd. {t) s Ltd. (T)
Share capiial l'ilachinery 60,000 45,000
shares of t 10/- 2,00,000 1,00,000 Furniture 2,000 ,,1 r.lr\/,\
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36,000 10,00c
,, "r"n
2,57,000 1,52,500 2,57,000 1,52,500
on the date of acquisition of shares by H Ltd. The s Ltd. had undistributed
profits of T 1,500 and Reserves amounted to t 5,000.
Prepare a consolidated Balance sheet as dn 31"r Marc h zazl .
e,
50,00,000 50,00,000
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lnvestments are 8% Government Bonds. The net prcfit after tax far.the past
four years were :
Debenturesr 2,00,000
Creditors 2,60,000
14,90,000 14,90,000
on 31 ,0312a19, fixed assets were valued at { 7,00,000 and goodwiil at
T 1"00,000.
The net profit of the firm for the past three years were :
1.
8,00,000 14,00,000
Assets
\,,
Stock l
i 1,so,ooo
2,00,000
,fl
Wages 70,000
lnsurance 6,724
Salaries 18,500
Rent 6,000
Advertisement 3,800
tsonus 10,500
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Furniture 17,100
Cash 1,34,700
Calls-in-arears S,0@
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