IGNOU BCOC-137 June 2022 Previous Year Question Paper

Q1.X Ltd. issued 40,000 equity shares of = 10 each at a premium of = 2 per share payable as follows : = 4 per share on application, = 5 per share on allotment (including premium) and 3 per share on call. Applications were received for 60,000 shares. Allotment was made on pro-rata basis to applicants for 48,000 shares. Remaining applications were rejected. Money overpaid on application was utilized towards amount due on allotment. Mr. Manoj to whom 1,500 shares were allotted, failed to pay allotment and call money and Mr. Hussain to whom 2,000 shares were allotted. failed to pay call money. These shares were forfeited and re-issued to Mr. Banerjee as fully paid up at = 8 per share. Show journal entries and prepare the Balance Sheet of the company.

Q2.(a) Explain the motives of buy-back of shares.

(b) Discuss the various features of a company.

Q3.(a) Prepare a format of Profit and Loss Account of a company as per the Companies Act.

(b) Distinguish between Fund Flow Statement and Cash Flow Statement.

Q4.Write short notes on the following : 10+10

(a) Internal Reconstruction

(b) Process of Preparation of Balance Sheet Under Pooling of Interest Method

Q5.What do you mean by valuation of Goodwill ?

Q6.State its features and discuss the need for valuation of Goodwill. (4+6+10)

Q7.(a) What do you mean by Holding companies ? Explain its various types.

(b) Discuss the structure of Balance Sheet of Non-Banking Companies.

Q8.What is meant by Non-Performing Assets ? What are the main reasons for growing Non-Performing Assets ? Explain.

Q9.Write short notes on the following : 10+10

(a) Structure of Indian Commercial Banks

(b) Investment Norms in case of Commercial Banks

Q10.Explain the various. steps involved in preparation of Balance Sheet in case of Banking Companies.