CS Executive Company Accounts & Auditing Practices PYQ June 2014: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
June 2014
27 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Accounts & Auditing Practices PYQS (June 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 conditions which are required to be satisfied by a company for the purpose of buy-back of shares.
- State the circumstances under which a liquidator would have to make a call on partly-paid shares (B List of Contributories).
- What are the different circumstances under which valuation of shares become necessary ?
- What are the conditions to be satisfied in case of amalgamation in the nature of merger as per Accounting Standard (AS) - 14 ?
- What is 'cost of control' in the context of preparing consolidated balance sheet ?
- Distinguish between 'securities premium' and 'share premium'.
- Distinguish between 'cum-interest' and 'ex-interest' quotations.
- Distinguish between 'financial lease' and 'operating lease'.
- State the legal requirement relating to transfer of profit to reserve prior to declaration and payment of dividend.
- Write a short note on corporate financial reporting.
- Jeevan Ltd. earned a net profit after tax of ₹90,00,000 during the year ended 31 st March, 2012. The company's equity capital is 10,000 shares of ₹10 each. The company has also iss
- The paid-up capital of Apsara Ltd. consisted of 5,00,000 equity shares of ₹10 each and 50,000, 8% preference shares of ₹100 each. The statement of profit and loss of the company fo
- The average net profit of a business as adjusted for valuation of goodwill amounted to ₹2,35,000. The net tangible assets employed were of the value of ₹14,50,000. But upon valuati
- The following particulars are extracted from the statement of profit and loss of S.S. Ltd. for the year ended 31 st March, 2014: ₹ (i) Gross profit 40,00,000 (ii) Profit on sale of
- PQR Ltd. was incorporated on 1 st May, 2011 to takeover the business of Kapil & Co, from 1 st January, 2011. The following particulars are extracted from the statement of profit an
- Favorite Ltd. issued ₹15,00,000, 10% debentures on 1 st October, 2012 and interest is payable on 30 th June and 31 st December. Pass journal entries to record debentures interest f
- The balance sheets of Chanderma Ltd. and its subsidiary Tara Ltd. as on 31 st March, 2014 are as follows: Chanderma Ltd. Tara Ltd. ₹ ₹ I EQUITY AND LIABILITIES (1) Shareholders' fu
- On 31 st March, 2014 the following balances stood in the books of a company: ₹ 8% First mortgage debentures 10,00,000 Debenture redemption fund 10,65,400 Debenture redemption fund
- What constitutes a 'true and fair view' in an auditor's judgment in a particular circumstance ?
- Explain the role of internal audit in corporate governance and internal control.
- Explain the different approaches used in statistical sampling during an audit.
- What does SA 230 (Revised) say about utility, ownership, custody and retention of working papers ?
- In a medium size trading organisation, the accountant was given additional responsibility of making recoveries from receivables. On one occasion, an insurance claim of ₹75,000 was
- In case of government companies, Comptroller and Auditor General of India has a right to issue direction to auditors and do supplementary audit. Explain.
- Director (Finance) of KK Ltd. informed their newly appointed statutory auditor that they have sound internal control system implemented by a renowned professional firm and he is sa
- Prepare a sample audit programme for auditing the receipt of fees from the students of a government college.
- Explain the requirement of cost audit in brief.
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.