BCOC-137 · December 2023 · English
IGNOU BCOC-137 December 2023 Previous Year Question Paper
Corporate Accounting
Structured previous year question paper for BCOC-137, December 2023 session.
Max marks: 100 · Questions: 13
Verified: 29 Jul 2026
BACHELOR OF COMMERCE
(GENERAL) (B. COM. G)
Term-End Examination
December, 2023
BCOC–137 : CORPORATE ACCOUNTING
Time : 3 Hours Maximum Marks : 100
Note : Attempt any five questions. Each question
carries equal marks.
Q1.A Ltd. issued a prospectus inviting applications for 1,00,000 shares of ` 10 each. These shares were issued at par on the following terms : On application—` 2.50 On allotment—` 2.50 On first call—` 3 On final call—` 2 [ 2 ] BCOC–137 Applications were received for 1,35,000 shares . Allotments were made on the following basis :
(i) To applications for 25,000 shares—in full.
(ii) To a pplication for 60,000 shares—45,000 shares
(iii) To applications for 50,000 shares—30,000 shares All excess amount paid on application is to be adjusted against amount due on allotment. The shares were fully called and paid up except the amount of allotment, first and final call paid by those who applied for 4,000 shares o f the group applying for 50,000 shares. All the shares on which calls were not paid were forfeited by the Board of Directors.
Q2.800 forfeited sh ares were re -issued as fully paid on receipt of ` 9 per share.
Q3.Give Journal Entries to record the above. Als o prepare the Balance Sheet. 20 [ 3 ]
Q4.Describe the various methods for the redemption of debentures with suitable examples.
Q5.Prepare in a summarized form the Balance Sheet of a company as per Schedule III of Companies Act, 2013, taking imaginary figures.
Q6.What do you mean by cash flow statement ?
Q7.How is cash flow statement differ from income statement ?
Q8.What is meant by ‘Holding Company’ ? Explain the advantages and disadvantages of Holding company.
Q9.Discuss the various methods o f valuation of shares. Describe and illustrate ‘Earning capacity method’ of valuation of shares.
Q10.Write short notes on the following : 6+7+7
(i) External Reconstruction of a company [ 4 ] BCOC–137
(ii) Amalgamation in the nature of merger
(iii) Amalgamation in the nature of purchase
Q11.What are ‘Non Performing Assets’ ? How is income acc rued in respect of Non -performing Assets dealt with by the Banks ? Explain.
Q12.What do you mean by Commercial Banks ?
Q13.Explain the primary and secondary functions of a commercial bank. 10+10 [ 5 ] BCOC–137 2023 –137 [ 6 ] BCOC–137
(ii)
(iii) [ 7 ] BCOC–137 III 5+15 10+10 6+7+7 [ 8 ] BCOC–137
(ii)
(iii)