CS Executive Company Accounts & Auditing Practices PYQ June 2017: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
June 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 (June 2017). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Explain the conditions for an amalgamation in the nature of merger.
- What are the disclosure requirements with regard to 'Significant Accounting Policies'?
- Balance Sheet as on March 31, 2016 of M/s Rajvansh Ltd. : Note No. ₹ I EQUITY & LIABILITIES (1) Shareholder's Fund (a) Share Capital 1 2,99,500 (b) Reserves & Surpluses 2 4
- ABC Ltd. had ₹10,00,000, 6% Debentures of ₹100 each as on 31st March, 2015. The company purchased in the open market following debentures for immediate cancellation : On 01-07-2015
- M Limited issued 30,00,000 equity shares of ₹10 each at par. Out of these 12,00,000 shares were issued to the promoters and the balance offered to the public were underwritten by t
- On 1st April, 2014 Kapil Ltd. had made an issue of 2,000, 6% debentures of ₹100 each. The Company during the year 2015-16 purchased for cancellation 500 of these debentures. The co
- A Ltd. forfeited 360 shares of ₹10 each, ₹8 called-up, issued at a premium of ₹2 per share to Sanjay for non-payment of allotment money of ₹5 per share (including premium). Out of
- Write a short note on valuation of shares based on Price Earning Ratio.
- On March 31, 2016; the Balance Sheet of Better Feel Ltd. was as follows: Note No. ₹ I EQUITY & LIABILITIES (1) Shareholder's Fund (a) Share Capital 1 5,00,000 (b) Reserves &
- Explain the disclosure requirement as per Schedule III of the Companies Act 2013, with regard to 'Reserves and Surpluses'.
- Your Company intends to buy back its own shares. What are the restrictions on buy back of own shares under the Companies Act, 2013?
- Delhi Chemicals Ltd. was registered with an authorised capital of ₹15,00,000; consisting of 1,50,000 Equity shares of ₹10 each. The company issued a prospectus inviting application
- X Ltd. was incorporated on 1st July, 2015 to acquire a running business of Barsha & Co. with effect from 1st April, 2015. During the year 2015-16, the total sales were ₹36,00,0
- The following are the summarised Balance Sheets of X Ltd. and Y Ltd. as at 31-03-2016: Particulars X Ltd. (₹) Y Ltd. (₹) EQUITY & LIABILITIES Share Capital: Equity Shares ₹10 e
- Z Ltd. proposed to purchase the business carried on by M/s Ajay & Co. Goodwill for this purpose is agreed to be valued at three year's purchase of the weighted average profits
- On June 30, 2016; following balances stood in the books of SP Ltd. : 7% Second Mortgage Debentures of ₹100 each: ₹4,00,000 Income received on Sinking Fund Investments: ₹14,500 Disc
- From the following balance sheets of a holding company (H Ltd.) and its subsidiary (S Ltd.) on 31-3-2016, prepare a consolidated balance sheet: Liabilities H Ltd. (₹) S Ltd. (₹) As
- ZED Ltd. has the following position as on March 31, 2016: ₹ ₹ I EQUITY & LIABILITIES (1) Shareholder's Fund (a) Share Capital 1,00,000 Equity Shares of ₹10 each fully paid 10,0
- As per SA 200, explain any five basic principles governing an audit ?
- Distinguish between Audit and Investigation.
- What constitute 'True and Fair' is not defined under any law. In order to show a true and fair view what is to be ensured by an auditor ?
- What are the disqualifications as per the Companies Act, 2013 for appointment of auditor ?
- Write short notes on techniques of internal control system.
- Explain the need of audit working papers.
- What steps are to be involved in verification of assets ?
- Explain the relationship between Internal Auditor and Statutory Auditor.
- With respect to up keep and custody of inventory after its purchase, certain controls are required for its security. Comment.
How to Prepare for CS Executive Company Accounts & Auditing Practices
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