CS Executive Company Accounts & Auditing Practices PYQ December 2018: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
December 2018
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 2018). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- What are the conditions to be complied by the company to issue bonus shares ?
- Enumerate the conditions that must be satisfied in order to buy-back of shares according to section 68(2) of the Companies Act, 2013.
- What are the requirements to be complied with by a company to declare dividend out of free reserves in the event of inadequacy or absence of profit at the end of the year ?
- On 1st November, 2013 S Ltd. issued 10,000, 8% Debentures of ₹100 each. These debentures were redeemable at 20% premium on 31st October, 2018 by the way of either converting into 8
- In a liquidation which commenced on 11th November, 2017, certain creditors could not receive payments out of the realisation of assets and out of the contribution from 'A' list con
- What corrective action to be taken by the companies to improve Economic Value Added ?
- Mention the costs that are not included in the cost of internally generated intangible assets.
- The following information has been obtained from Guru Ltd. for the year ending 31st March, 2018: Authorised, Issued and Subscribed Capital: 200 Lakh Equity Shares of ₹10 each, out
- What are the disclosure requirements for each class of asset according to AS-28 (Impairment of Asset).
- The manager of Grapes Ltd. is entitled to a salary of ₹1 (one) Lakh per month and also to a commission of 2% on profits after taxation and his salary but before charging his commis
- The promoters of Shiva Ltd. took over on behalf of the company, a running business with effect from 1st April, 2017. The company got incorporated on 1st August, 2017. The annual ac
- Udyog Ltd. furnishes the following summarised Balance Sheet as at 31st March, 2018: Note No. ₹ in lakh I. EQUITY & LIABILITIES (1) Shareholders' Funds : (a) Share Capital 1 2,4
- Pina Ltd. issued to public 2,00,00,000 equity shares of ₹10 each at 25% premium which was payable ₹6 per share on application and the balance on allotment. The issue was underwritt
- Toly Ltd. proposed to purchase the business carried on by Sonu on 31st March, 2018. For the purpose of valuation of goodwill the weights to be used and book profits for past four y
- Mudgal Ltd. offered 400 Lakh equity shares of ₹10 each to the public. The amount was payable as to ₹4 on application. ₹5 (including premium) on allotment and ₹3 on call. The issue
- A liquidator is entitled to receive remuneration at 2% on the assets realized, 3% on the amount distributed to preferential creditors and 3% on the payment made to unsecured credit
- Pine International Ltd. was wound up on 31-3-18 and its summarised Balance Sheet as on that date was as follows: Note No. ₹ I. EQUITY & LIABILITIES (1) Shareholders' Funds: (a)
- The Balance Sheets of H Ltd. and S Ltd. as on 31st March, 2018 are given below : H Ltd. (₹ in Lakh) S Ltd. (₹ in Lakh) I. EQUITY AND LIABILITIES (1) Shareholders' Funds : (a) Share
- What are the objectives of Management Information system review ?
- Which companies are excluded from CARO 2015 ?
- Explain the main points that should be considered by auditor in verification of Assets and Liabilities.
- What is the procedure of issuing auditing standards ?
- What do you mean by propriety audit ? What main aspects to be verified by auditor under this audit ?
- Though internal controls may be well designed, yet certain limitations are inherent in all internal control system. What are included in these limitations ?
- What are the duties of auditor if he notices fraud during the course of audit ?
- Explain commonly used methods to be used by auditor in selection of audit sample.
- What are the objectives of review of Manufacturing operations ?
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.