CS Executive Company Accounts & Auditing Practices PYQ December 2017: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
December 2017
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 2017). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- What do you mean by accounting standards? Discuss its objectives.
- Explain the minimum disclosure of notes and explanatory statement that should be made in interim financial report as per AS-25.
- Explain the objectives and different kinds of corporate restructuring.
- What do you mean by Security Premium Accounts? How it can be utilized as per Section 52 (2) of Companies Act, 2013 and presentation in financial statement.
- Explain the issue of Sweet Equity Shares and their limitation and restrictions.
- What is Employee Stock Option plan? Explain the importance of such plans in the modern time.
- Explain the disclosure requirements as per Schedule III of the Companies Act 2013 with regard to "Share Capital".
- Vanities Ltd. has an issue 1,000, 12% Redeemable Preference Shares of ₹100 each, repayable at a premium of 10%. These shares are to be redeemed out of the accumulated reserves, whi
- X Ltd. made an issue of 10,000 12% debentures of ₹100 each, payable as follows: ₹25 on Application, ₹25 on Application, ₹50 on First and Final Call. Applications were received for
- Explain the rules of revenue recognition as per AS-9.
- A liquidator of a company is entitled to a remuneration at 2% on assets realised and 3% on amount distributed to Preferential Creditors and 3% on payment made to unsecured creditor
- From the following figures calculate the value of a share of ₹10 on (1) dividend basis, and (2) return on capital employed basis. The market expectation is 12%: Year Ended 31st Mar
- What informations are included in the note related to non-current investment as per schedule VI of Companies Act, 2013.
- The following particulars are available of ABC Ltd. : (i) Capital: 45,000, 6% preference shares of ₹10 each, fully paid; 45,000, equity shares of ₹10 each fully paid up. (ii) Exter
- W Ltd., registered with a capital of ₹10,00,000 in equity shares of ₹10 each, acquired the business of M/s A and B, the Balance Sheet of whom at the date of acquisition was as foll
- From the following particulars of R Ltd. calculate the managerial remuneration in the following cases: (a) There's only one whole time director. (b) There are two whole time direct
- The following are the Profit & Loss Account of H Ltd. and S Ltd. for the year ended 31st March, 2017: H Ltd. ₹ S Ltd. ₹ H Ltd. ₹ S Ltd. ₹ To Opening Stock 1,00,000 By Sales 8,00,00
- U Ltd. suffered continuous losses. Its balance sheet as on 31-3-2016 was as follows: Particulars Amounts (₹) I. Equity and Liabilities: (1) Shareholder Fund (a) Share Capital Autho
- What is the importance of having the accounts audited by an independent auditor.
- What is the propriety audit ? What are the objectives and scope of propriety audit.
- What services are prohibited to be rendered by an auditor appointed under Companies Act, 2013.
- Write a short note on compliance audit.
- What are the importance matters which an auditor should ensure to ascertain and establish true and fair view.
- Explain the term "Secretarial Audit". In what circumstances secretarial audit is done?
- What are the points to be considered while carrying out the internal control review of recruitment function.
- Write short notes on responsibilities of Joint Auditor.
- Managing Director of Alpha Ltd. himself wants to appoint Mr. R a practicing chartered accountant, as first auditor of the company. Comment on the proposed action of the managing di
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.