CS Executive Company Accounts & Auditing Practices PYQ December 2021: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
December 2021
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 2021). 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 disclosure requirements with regard to "Related Party Disclosures"-(AS-18)?
- From the following information, calculate the value of goodwill by-(i) 3 years' purchase of actual average profit; and (ii) 10 years' purchase of superprofit : Average capital empl
- Anjali Ltd. issued 12,000, 13% debentures of ₹ 100 each at a discount of 6% on 1st July, 2017. The debentures are repayable in three equal instalments of ₹ 4,00,000 each on the 30t
- S Ltd. issued 5,000, 14% debentures of ₹ 100 each on 1st April, 2016 at a discount of 5% repayable at a premium of 10% after 5 years out of the profits of the company. On 1st April
- Distinguish between amalgamation in the nature of merger and amalgamation in the nature of purchase.
- What do you understand by Economic Value Added ? Explain the corrective action to improve Economic Value Added.
- Veena Ltd. forfeited 300 equity shares of ₹ 100 each ₹ 80 per share (including premium) being called up, which were issued at a premium of 10%. Shareholder of 300 shares had paid o
- What do you mean by Capital Redemption Reserve ? How it can be utilised as per Companies Act, 2013 and presentation in financial statements ?
- On 1st July, 2020 a company purchased its own 1,000 9% Debentures of ₹ 100 each for ₹ 88,360. You are required to give necessary Journal Entries if : (i) These 9% debentures are ca
- What are the main sources of issue fully paid-up bonus shares as per Companies Act, 2013?
- Ankit Ltd. having three whole-time directors in the Board, the others being part time directors, earned profit year ending March 31, 2021 was ₹ 13,50,000 after taking into consider
- Aarvi Ltd. 20,000 shares which were underwritten as follows: X: 12,000 shares; Y: 5,000 shares and Z: 3,000 shares. The underwriters made applications for firm underwriting as unde
- Shiva Ltd. purchased 4,000 equity shares of Chandu Ltd. on 1st October, 2018. From the following information of Chandu Ltd., calculate minority shareholder's interest : 31st March,
- A Company was incorporated on 1st August, 2018 to acquire the business of Shri Kumar from 1st April, 2018. The accounts for the year ended 31st March, 2019 disclosed the following:
- Raj Ltd. went into voluntary liquidation on 10th May, 2019. Certain creditors could not receive payment out of realisation of assets and out of the contributions from the contribut
- Beta Ltd. had issued 10,000 Redeemable Preference Shares of ₹ 100 each fully called, due for redemption at a premium of 10%. The following balances appeared in the books of the com
- The following Balance Sheets of Moon Ltd. and Star Ltd. as at 31st March, 2019 are supplied: Particulars Moon Ltd. (₹) Star Ltd. (₹) I. EQUITY AND LIABILITIES (1) Shareholders' Fun
- The Balance Sheet of Nangu Ltd. as at 31st March, 2021 is as follows: Particulars (₹) I. EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share Capital Equity shares of ₹ 100 eac
- Explain the different techniques used in review of internal control system.
- What do you mean by verification of assets ? Explain the techniques of verification.
- "Audit is essential whether it is a sole trader's business or a partnership or a limited company or government corporation." Analyse the statement in the light of advantages of an
- As per Section 138 of Companies Act, 2013 explain internal audit and also state the class of Companies shall be required to appoint an internal auditor.
- What are the points considered while reviewing the quality management system of a manufacturing organisation ?
- What are the objectives of efficiency audit ? Explain the advantages of efficiency audit.
- What are the factors to be considered while determining sample size in audit sampling?
- Describe the objectives of review of sales and distribution policies and programs.
- How does the compliance audit carry out ? Explain its stepwise approach.
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.