IGNOU BCOC-137 December 2024 Previous Year Question Paper

Q1.(a) What are the different kinds of shares which a company can issue as per the Companies Act, 2013 ? 10

(b) Give the definition of debenture as per the Companies Act, 2013. What are the different types of debentures ?

Q2.Shriram Ltd., offered for subscription to the public 10000 equity shares of = 10 each payable % 5 on application; ¥ 3 on allotment and the balance on first and final call. Applications were received for 10000 equity shares. The directors made the allotment to the applicants in full. All amounts due on allotment and first and final call were duly received.

Q3.Give journal entries in the books of the company.

Q4.What do you mean by cash flow statement ? Draw a specimen pro forma of cash flow statement by indirect method using imaginary figures.

Q5.The following is the Trial Balance of Hanuman Ltd. as on 31st March, 2021 : 20 Particulars z Stock as on 1st April, 2020 7,50,000 Purchases 24,50,000 Wages 3,00,000 Carriage inwards 9,500 Furniture 1,70,000 Salaries 75,000 Rent 40,000 Sundry Trade Expenses 60,500 Dividend Paid for 2019-20 90,000 Corporate Dividend Tax Paid 9,000 Sundry Debtors 2,85,000 Plant and Machinery 2,90,000 Cash at Bank 4,62,000 Patents 48,000 Bills Receivable 50,000 Particulars z Purchase Returns 1,00,000 Sales 34,00,000 Discount 30,000 Profit & Loss Account 1,59,000 Share Capital 10,00,000 Sundry Creditors 1,75,000 General Reserve 1,55,000 Bills Payable 70,000 Prepare the Profit & Loss Account for the year ended 31st March, 2021 and a Balance Sheet as on that date after considering the following adjustments : @) Stock as on 31st March, 2021 was valued at % 8,81,000.

(i) Make a provision for income tax as 35%.

(ii) Depreciate plant and machinery at 15%; furniture at 10% and patents at 5%.

(iv) On 31st March, 2021, outstanding rent amount to = 8,000.

(v) The Board recommends payment of dividend @15% p.a. Then transfer the minimum amount required to general reserve. Also make a_ provision for corporate dividend tax @10% of the amount proposed to be distributed.

(vi) Provide % 3,100 for doubtful debts.

(vii) Provide % 52,000 for managerial remuneration.

Q6.Explain the meaning of holding company. What are the requirements that are to be fulfilled for a company to become a holding company ? Support your answer with the help of suitable examples.

Q7.The following details are available about the business of Shyam Ltd. : 20

(0) Profits in : 1994 : % 80,000; 1995 : % 1,00,000; 1996 : % 1,20,000. Gi) Non-recurring income of @ 8,000 is included in the profit of 1995.

(1) Profits of 1994 have been reduced by % 12,000 because goods were destroyed by fire.

(iv) Goods have not been insured but it is thought prudent to insure them in future. The insurance premium is estimated at 800 per year.

(v) Reasonable remuneration of the proprietor of the business is = 12,000 per year but it has not been taken into account for calculation of above mentioned profits. [71 BCOC-137

(vi) Profits of 1996 include = 10,000 income on investment. Calculate goodwill on the basis of three years’ purchase of the average profit of last three years.

Q8.(a) Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase. 10

(0) Explain the meaning of purchase considerations. What are the various methods for the calculating of purchase consideration ?

Q9.(a) Explain the statutory provisions for reducing share capital. 10

(b) What do you mean by the bank teller system ? What are its benefits and scope in retail banking ?

Q10.(a) What are the possible consequences of very high unmanageable NPAs ? 10

(b) While preparing the bank's final accounts, show the treatment of the following transactions : 10 @) Bills for Collection Gi) Interest on Doubtful Debts

(ii) Advances

(iv) Unclaimed Dividend TEI ART! 5+15 aif! aif

Q11.लाभ : 1994 : ₹ 80,000; 1995 : ₹ 1,00,000; 1996 : ₹ 1,20,000।