CS Executive Company Accounts & Auditing Practices PYQ December 2013: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
December 2013
27 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Accounts & Auditing Practices PYQS (December 2013). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Write the meaning of 'issue of shares at premium' emphasising upon the purposes for which securities premium can be utilised.
- X Ltd. borrowed ₹25,00,000 from a scheduled bank at an annual interest rate of 12% and deposited 14% debentures of the face value of ₹40,00,000 as collateral security. Pass the jou
- Explain the statutory rates of managerial remuneration as per the provisions of the Companies Act, 1956.
- What is meant by 'economic value added' (EVA)? How is it calculated ?
- Explain the difference between 'pooling of interests method' and 'purchase method' of accounting for amalgamation.
- Y Ltd. forfeited 1,000 equity shares of ₹10 each, ₹7 called-up, issued at a premium of 20% (to be paid at the time of allotment) for non-payment of allotment money of ₹4 per share
- On 10 th April, 2012, Zenith Ltd. issued 12,500, 12% debentures of ₹100 each at ₹98. Holders of these debentures have an option to convert their holdings into 14% preference shares
- Distinguish between 'provision' and 'reserve'.
- Write a short note on 'types of restructuring'.
- State the objectives of the Accounting Standards Board.
- State the conditions for issue of bonus shares.
- Prepare a summarised form of statement of profit and loss account of a company as per the revised Schedule VI of the Companies Act, 1956.
- Write a note on 'super profit method' of valuation of goodwill.
- A company incorporated on 1 st January, 2013 issued a prospectus inviting applications for 5,00,000 equity shares of ₹10 each. The whole issue was fully underwritten by four underw
- Gaurav holds 5,000 equity shares in Real Ltd. The nominal and paid-up capital of the company is as follows: 20,000 equity shares of ₹1 each 10,000, 5% preference shares of ₹1 each
- Following is the balance sheet of BX Ltd. as on 31 st March, 2013: I. Equity and Liabilities ₹ (i) Shareholders' Fund (a) Share capital 12% preference shares of ₹100 each fully pai
- Z Ltd. went into voluntary liquidation on 31 st December, 2012. Balance sheet of the company as on that date stood as follows: I. Equity and Liabilities ₹ (i) Share capital 20,000,
- H Ltd. acquired 4,000 shares on 30 th June, 2012 in S Ltd. H Ltd. received 10% dividend for the year 2011 and it is credited in profit and loss account of H Ltd. Following are the
- "Auditor assesses the reliability and sufficiency of information as well as relevancy of financial information." Explain.
- Write the qualifications and disqualifications of a statutory auditor.
- Distinguish between 'statutory audit' and 'internal audit'.
- Distinguish between 'audit' and 'investigation'.
- Explain the term 'special audit'. In what circumstances, special audit is conducted ?
- Explain the 'preventive control techniques' of internal control system.
- Distinguish between 'vouching' and 'verification'.
- State the general guidelines for preparing audit working papers.
- What is 'internal control'? How is it different from internal audit ?
How to Prepare for CS Executive Company Accounts & Auditing Practices
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.