IGNOU BCOC-137 December 2022 Previous Year Question Paper

Q1.(a) What are the documents required to be filed before Registrar of companies for incorporation of a company. Explain each of them in brief. 10

(b) What are the various stages in issue of shares ? Provide journal entries for them also. 6+4 [2] BCOC

Q2.The Balance Sheet of Bharat Steels Ltd. is as follows on March 31, 2020 : 20 Liabilities . Equity Share Capital 15,00,000 Redeemable Pref. Share Capital 6,00,000 Profit and Loss Account 4,00,000 Sundry Creditors 2,50,000 Assets . Sundry Assets 19,00,000 The preference shares have to be redeemed on the above date. 30000 equity shares of * 10 each are issued at ‘ 11. 10% debentures totalling to * 4,00,000 have also been issued by the company. The shares and debentures are fully subscribed and paid for. The preference share are duly redeemed. Give the journal entries and prepare the Balance Sheet after redemption.

Q3.Write short notes on the following : 5x4=20

(a) Provision for Tax

(b) Final Dividend

(c) Interim Dividend

(d) General Reserve

Q4.(a) Explain cash and cash equivalent in brief.

(b) Jindal Ltd. has provided the following information in their balance sheets. Prepare a cash flow statement by using indirect method : 15 2019 2020 Equity Share Capital 4,00,000 5,00,000 12% Debentures 2,00,000 1,50,000 General Reserve 1,00,000 1,80,000 Creditors 40,000 60,000 Bills Payable 80,000 75,000 Outstanding 55,000 65,000 Expenses OC 8,75,000 | 10,30,000 Assets 2019 2020 Goodwill 70,000 50,000 Land and Building 5,00,000 8,00,000 Machinery 1,20,000 1,30,000 Debtors 10,000 20,000 Stock 1,40,000 20,000 Cash 35,000 10,0

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Q5.(a) Explain the term ‘consolidation of financial statements’. 8

(b) Explain the terms cost of control and minority interest as per AS-21.

Q6.You have been provided with the following data : ‘1 at 12% interest in 8 years will be © 4.9618

(i) Capital employed * 6,00,000

(ii) Net profit for last 3 years were * 1,07,600; * 90,700 and * 1,12,500

(ii) Expected rate of return 12%

(iv) Proprietor’s salary per year * 12,000

(v) Assets * 7,54,762 and Current Liabilities * 31,329 Calculate goodwill on the basis of :

(a) Superprofit method 12

(b) Capitalization method 4

(c) Annuity method

Q7.(a) Explain the methods of calculation of purchase consideration according to AS-14.

(b) What is the difference between amalgamation in the nature of merger and amalgamation in the nature of purchase as per AS-14 ?

Q8.What is the significance of reconstruction account ? What are the things to be kept in mind to construct the balance sheet after the scheme of internal reconstruction is completed ?

Q9.(a) What are Non-Performing Assets (NPAs) ? Explain the reasons for growing NPAs. 10

(b) Explain the methods of valuation of goodwill. 10 [6] 8000-37 [7] 8000-37 wrt | [8] 8९00-37 [9] 8000-37 2019 2020 oO oO [10 ] 8000-37 aes 35,000 10,000 * 90,700 और * 1,12,500 * 31,329 [11] 8000-37 [12] 8000

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