CS Executive Company Accounts & Auditing Practices PYQ December 2014: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
December 2014
29 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Accounts & Auditing Practices PYQS (December 2014). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- State the provisions relating to calculation of net profit for determining managerial remuneration under section 198 of the Companies Act, 2013.
- How will you deal with internally generated intangible assets in the books of account?
- Mention the expenses which should not be included in 'preliminary expenses'. Can preliminary expenses be written-off against capital profit ?
- Distinguish between 'pooling of interests method' and 'purchase method' of amalgamation.
- How is revenue recognised in the statement of profit and loss of an enterprise as per Accounting Standard (AS) - 9 ? Explain in brief.
- State the order of preference in which, the amount received from assets not specifically pledged and amount contributed by the contributories, are distributed by the liquidator.
- How are pre-acquisition losses of subsidiary companies shared and accounted for?
- S Ltd. issued 10,000, 12% debentures of ₹100 each at a discount of 5%. These debentures are redeemable at a premium of 10% after 5 years. You are required to show — Journal entry o
- S Ltd. issued 10,000, 12% debentures of ₹100 each at a discount of 5%. These debentures are redeemable at a premium of 10% after 5 years. You are required to show — The loss on iss
- What are the advantages of value added statement (VAS) ?
- Explain in brief the Accounting Standard (AS) - 18 pertaining to related party transactions.
- Sun Ltd. issued 1,00,000 equity shares. The whole of the issue was underwritten as follows: Marigold 35% Lotus 25% Tulip 30% Lily 10% Applications for 80,000 shares were received i
- What do you mean by profit or loss prior to incorporation? How is the profit or loss prior to incorporation treated in the books of a company ?
- What do you understand by 'corporate restructuring'? Why is corporate structuring carried out?
- Moon Ltd. has gone into liquidation on 30 th May, 2013. The details of members who have ceased to be member within one year ('B' contributories) along with the debts that could not
- Calculate the managerial remuneration from the following particulars of Zen Ltd. The company has only one Managing Director: ₹ Net profit 20,00,000 Net profit is calculated after c
- Thin Ltd. was registered with an authorised capital of 10,00,000 equity shares of ₹10 each and it acquired the running business of Ganesh at an agreed price of ₹25,00,000. The bala
- Following is the balance sheet of Dabbu Ltd. as on 31st March, 2014: I EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital (₹10 each) (b) Reserves and surplus (2) Curr
- Following is the balance sheet of Dabbu Ltd. as on 31st March, 2014: I EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital (₹10 each) (b) Reserves and surplus (2) Curr
- The balance sheets of H Ltd. and its subsidiary S Ltd. as on 31st March, 2014 are given below: I EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share capital (authorised, issue
- What are the qualifications and disqualifications prescribed under the Companies Act, 2013 for appointment of auditors ?
- Discuss the provisions relating to rotation of auditors under the Companies Act, 2013.
- What are the services which cannot be rendered by a statutory auditor of a company under section 144 of the Companies Act, 2013?
- Audit working papers are of great need to auditors in discharge of their duties. In what way is it helpful to them? Discuss.
- What is 'internal check'? Distinguish between 'internal check' and 'internal audit'.
- What are the objectives of review of management information system ?
- What points should be considered by the auditor while verifying the fixed assets of a company ?
- Discuss the procedure of issuing auditing standards.
- Explain the role of CAG in the functioning of financial committees of the Parliament.
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.