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    Advanced Accounting Important Questions For All Units

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    Manoj Surapaneni
    Important for Osmania University

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    Advanced Accounting Important Questions For All Units

    Uploaded by

    Manoj Surapaneni
    6 views4 pages
    Important for Osmania University

    Original Title

    ADVANCED ACCOUNTING IMPORTANT QUESTIONS FOR ALL UNITS

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    Important for Osmania University

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    6 views4 pages

    Advanced Accounting Important Questions For All Units

    Uploaded by

    Manoj Surapaneni
    Important for Osmania University

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    ADVANCED ACCOUNTING

    IMPORTANT QUESTIONS UNIT -1 – 5

    UNIT-1 – PARTNERSHIP ACCOUNTS-I

    SAQ (THEORY) :-

    1.Provison of partnership applicable to accounts in the absence of an agreement.

    2.Distinguish between fixed capital and fluctuating capital accounts

    3.distinguish between sacrificing ratio and gaining ratio.

    SAQ(PROBLEMS): -

    Page no. A-19 – 7,8,9,10,14

    LAQ (PROBLEMS): -

    Page No.

    A-20- 1

    A-22- 7

    A-23 – 9,10

    A-25 – 12

    A-26 – 15

    A-27- 16,17

    A-28 -19

    A-29-20

    A-31-24,25

    UNIT -2 PARTNERSHIP ACCOUNTS -II

    SAQ (THEORY): -

    1.Distinguish between revaluation account and realization account.

    2.distinguish between dissolution of a firm & dissolution of a partnership.

    LAQ (THEORY): -

    1.What do you mean by insolvency of a partner? Explain rules laid down in Garner vs Murray case.

    SAQ (PROBLEMS)

    B-12 -1

    LAQ (PROBLEMS): -

    B-13- 2,3,4,7,9,11,12
    UNIT – 3 COMPANY ACCOUNTS

    SAQ (THEORY): -

    1.Main divisions of share capital.

    2.Distinguish between calls-in-arrears and calls-in-advance

    3.distinguish between debentures & equity shares

    4.journal entries to passed for forfeiture & reissue of shares

    5.what is underwriting?

    LAQ (THEORY): -

    1. What do you mean by bonus shares? Explain the guidelines issued by SEBI for issue of bonus
    Shares.

    SAQ(PROBLEMS): -

    ISSUE OF SHARES: -

    C-19 – 1,2,3,5

    C-20- 8

    BONUS SHARES: -

    C-31 – 1

    LAQ (PROBLEMS): -

    ISSUE OF SHARES: -

    C-20-1

    C-21-5,7,16

    BONUS SHARES: -

    C-35 -6,7

    C-36 – 10

    UNIT -4 COMPANY FINAL ACCOUNTS & PROFIT PRIOR TO INCORPORATION

    SAQ (THEORY): -

    1.Interim dividend

    2.distinguish between current assets and fixed assets

    3.Contingent liability

    4.what is time ratio? Give and example


    LAQ (THEORY): -

    1.What do you mean by profit prior to incorporation? How is this profit ascertained? And for what
    purposes it can be utilized.

    2. Proforma’s of P&L and B/S.

    SAQ(PROBLEMS): -

    Final accounts: -

    D-19 -1 (ILLUSTRATIONS)

    D-21 – 2 (ILLUSTRATIONS)

    D-22 – 3 (ILLUSTRATIONS)

    Profit prior to incorporation: -

    D-50 – 2,4

    LAQ (PROBLEMS)

    Final accounts: -

    D-37- 12

    D-40-16,17

    D-43 - 19

    Profit prior to incorporation: -

    D-50 -1

    D- 51 – 3

    D-52 -4

    D-53 – 6

    UNIT -5 VALUATION OF GOODWILL & SHARES

    SAQ (THEORY): -

    1.Need for valuation of goodwill

    2.Factors to be considered while calculating goodwill

    3.factors which influence the valuation of equity shares

    4. need for valuation of shares

    LAQ(THEORY): -

    1.What is goodwill? Explain any three methods of goodwill.

    2.explain the steps involved in valuing equity shares under each of the following methods
    (a) net asset basis

    (b) Yield Basis

    (c) fair value method

    SAQ (PROBLEMS): -

    GOODWILL

    E-11-5,7

    SHARES: -

    E-36 – 2,4,5,6,7

    LAQ (PROBLEMS): -

    GOODWILL: -

    E-11- 1,5,8,9,10,15,17

    SHARES: -

    E-39 – 3,4

    E-41 – 5

    E-42 – 6

    E-43 – 7

    E-44 – 8

    E-48 – 12

    E-49 – 14

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