IGNOU BCOC-137 June 2025 Previous Year Question Paper

Q1.(a) What is Memorandum of Association ? Explain its contents in detail. 10

(b) Discuss the different methods of redemption of preference shares.

Q2.Ram Madhav Ltd. passed a resolution to buy back 70,000 of its fully paid equity shares of % 10 each at % 13 per share. For this purpose, it issued 30000 equity shares of ₹ 10 each at par. The company uses ₹ 1,50,000 of its balance from Securities Premium Account apart from the adequate balance in General Reserve. Pass journal entries.

Q3.Explain the relevant provisions of the Companies Act with respect to form, content and preparation of final accounts of a joint stock company.

Q4.The following ledger balances are extracted from the books of Krishna Trading Company Limited for the year ended 31st March,

Q5.You are required to prepare Company Final Accounts in the vertical format : 20 Particulars | ₹ | Buildings (Original Cost : = 2,00,000) 1,20,000| Plant and Machinery 2,00,000} Rent, Rates and Insurance 20,000 |Advertising 10,000} Salary 20,000 ‘Director’s Fees 10,000} General Expenses 10,000} Printing and Stationery 10,000| Preliminary Expenses 20,000 Goodwill 20,000 Cash and Bank Balances 30,000 ‘Debtors 80,000 Investment 50,000 Particulars z Equity Share Capital 2,00,000 Gross Profit (Revenue Profit) 2,00,000 General Reserve 30,000) 10% Debenture 1,00,000| Profit & Loss A/c 50,000) Creditors 20,000 Additional Information :

(6) Provide for Bad Debts : = 5,000

(i) Debenture interest is outstanding for the whole year.

(iii) Provide for Income Tax : = 15,000

(iv) Outstanding Salary : = 2,000

(v) Prepaid Insurance : = 1,000

(vi) Depreciate building by 10% on original cost and Plant and Machinery by 10% on reducing balance.

(vii) The directors propose 15% dividend to equity shareholders. Ignore Corporate Dividend Tax.

(viii) Write off Preliminary Expenses by 25% and Goodwill by 20%.

Q6.What do you mean by consolidated balance sheet ? Describe the methods of consolidating balance sheets of a holding company and its subsidiaries.

Q7.(a) Explain the following : 10 @ Valuing minority and majority holdings

(ii) Preference shares (capital and dividend under varying conditions)

(b) The issued share capital of a company was = 10,00,000 consisting of 10000 equity shares of = 100 each. The net profits for the last five years were : ₹ 1,00,000; % 80,000; % 1,20,000; Z 1,60,000 and & 1,40,000; of which, 20% was placed to reserve, this proportion being considered reasonable in the industry in which the company is engaged and where a fair investment return may be taken at 12%. Compute the value of the company’s share by the yield value method.

Q8.(a) Explain the methods of accounting for amalgamation. Give suitable examples.

(b) How will you treat the following ? 10 G) Surplus/deficit in capital reduction account

(ii) Arrears of preference dividend

(ii) Surrender of shares

Q9.(a) Explain the steps to be followed at the time of formulating a scheme of capital reduction. 10

(b) What is a non-banking financial institution ? Discuss the forms of business carried on by the NBFCs.

Q10.(a) Describe the various modes of acceptance of deposits by banks. 10

(b) While preparing the bank’s final accounts, show the treatment of the following transactions : 10

(i) Discounting of Bills Gi) Investments

(iii) Fixed Assets

(iv) Short Loans (Borrowing from other Banks) ९-2334820९-437 aif | ₹ 80,000; ₹ 1,20,000; ₹ 1,60,000 और