CS Executive Company Accounts & Auditing Practices PYQ December 2019: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
December 2019
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 2019). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- According to section 530 of Companies Act, 2013 which of the creditors are treated as preferential creditors ?
- Explain the disclosure requirement as per Schedule III of the Companies Act, 2013 with respect to "Short-term Borrowings".
- Discuss the circumstances under which valuation of shares is necessary.
- Following is the Balance Sheet of X Ltd. as at 31st March, 2019: PARTICULARS ₹ I. EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share Capital (60,000 Equity shares of ₹10 each
- Prepare a value added statement from the following figures : ₹ Sales 11,37,000 Income from Investment 10,500 Materials and Services used 6,45,000 Salaries 1,02,000 Other benefits o
- The Balance Sheet of Z Ltd. as at 31-3-2018 supplied the following information : ₹ 13% Debenture Account 14,00,000 13% Debenture Redemption Fund Account 10,00,000 13% Debenture Red
- Explain the order of payment to be followed by the liquidator, out of the amount realised from the sale of assets not specifically pledged and the amount contributed by the contrib
- Dividend is nothing but the distribution of divisible or distributable profits of a company among the holders of its equity shares. What are the main sources of payment of dividend
- Hedge accounting changes the timings of recognition of gains and losses. Explain three types of hedge accounting.
- A firm which was carrying on business from 1st January, 2019 gets itself incorporated as a company on 1st April, 2019. The company decided to close its first books of accounts on 3
- Beta Ltd. came up with an issue of 45,00,000 equity shares of ₹10 each at par. 30% of the issue was reserved for the promoters and the balance was offered to the general public. Th
- Explain 'Alteration in share capital' as a method of internal reconstruction, provided in section 61 of the Companies Act, 2013.
- Calculate the managerial remuneration from the following particulars of Ganga Ltd. due to the managing director of the company at the rate of 5% of the Net Profits. Also determine
- Aaru Ltd. has issued 500 Lakh equity shares of ₹10 each to public in the year of 2017-18. The amount were payable as ₹2 on application, ₹2 on allotment, ₹3 on first call and the ba
- Puva Ltd. has issued 15,000, 10% Debentures of ₹100 each on 1st April, 2014. During the year 2018-19 the following transactions were executed in respect of the debentures: — On 1st
- Following are the information of two companies for the year ended 31st March, 2019: Alpha Ltd. (₹) Beta Ltd. (₹) Equity shares of ₹10 each 4,00,000 5,00,000 10% Preference shares o
- From the Balance Sheet and additional information given below, prepare consolidated Balance Sheet of H Ltd. (Holding Company): Balance Sheets of H Ltd. and S Ltd. as on 31st March,
- The Balance Sheet of Chanda Ltd. as on 31st March, 2019 was as follows: PARTICULARS (₹ in Lakh) I. EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share Capital • 40,00,000 Equi
- Review of sales and distribution function is very important from internal control point of view and it requires a detailed understanding of company business. In view of this statem
- Working papers are the property of the auditor and the auditor should adopt reasonable procedures for custody and confidentiality of his working papers. Explain the general guideli
- How does the internal audit carry out? Explain stepwise approach.
- Explain the objectives of investigation and also list down the reasons for carrying out investigation where it may be considered necessary.
- Assume that you have been appointed as an auditor of a company covered under the Companies (Auditor's Report) Order, 2015. Briefly discuss the matters, which you should include in
- "Statistical sampling involves the random selection of a number of items for inspection and is endorsed by the accountancy bodies." In view of the above statement explain the advan
- What are the main objectives of compliance audit ? Also explain benefits of compliance audit.
- Write a short note on "Committee of Public Undertakings".
- State in brief about SA 620 "using the work of an Auditor's Expert".
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.