CS Executive Company Accounts & Auditing Practices PYQ June 2018: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
June 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 (June 2018). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- How will you present 'Trade Receivables' by way of note in Schedule III of Companies Act, 2013?
- What are the advantages of "Economic Value Added Analysis"?
- Differentiate between "Bonus Issue" and "Right Issue" to existing shareholders?
- What are the objectives of Accounting Standards Board?
- The following balances appeared in the books of R Ltd. on April 1, 2017: 12% Debentures ₹8,00,000. Sinking fund ₹7,00,000. Sinking fund investment ₹7,00,000 represented by 10% ₹7,5
- Profit of S Ltd. before remuneration of Managing Director was ₹20,10,000 for the year ended on 31st March, 2018. The said profit has been calculated considering the following figur
- The following information provided by Peeru Ltd. for the year ending 31st March, 2018: ₹ Closing Inventories of Materials 40,00,000 Closing Work-in-progress 20,00,000 Closing Inven
- Mithu Ltd. forfeited 1,000 equity shares of ₹10 each, which were originally issued at a premium of 20 percent to Guna. On these shares ₹9 per share called up (other than premium).
- What is "Internal Reconstruction"? State the methods of internal reconstruction.
- Distinguish between liability and provision.
- A Ltd. holds 75% shares in its subsidiary B Ltd. From the following information calculate minority interest at the end of each year: Share capital of B Ltd. was ₹10,00,000 (₹10 eac
- On 1st July, 2017 a company issued 50,000, 9% debentures of ₹100 each at a discount of 10%. The debentures were redeemable by five annual drawings of ₹10,00,000 on 31st March each
- The final accounts of P Ltd. as on 31st March, 2018 revealed the following significant information: Share Capital (Fully paid up) Equity share capital — 1,00,000 shares of ₹10 each
- Chandu Ltd. has issued 1,00,000 redeemable preference shares of ₹100 each, on which fully amount was called, are due for redemption at a premium of 20 percent. The following balanc
- Prakash Processors Ltd. went into voluntary liquidation on 31st December, 2016 when the following Balance Sheet was prepared: I. EQUITY & LIABILITIES Amount (₹) (1) Shareholders' F
- Choti Ltd. is absorbed by Moti Ltd. The following are the Balance Sheets of both the companies as on 31st March, 2018: Choti Ltd. (₹) Moti Ltd. (₹) I. EQUITY & LIABILITIES (1) Shar
- Strong Ltd. acquired 32,00,000 equity shares of Weak Ltd. on 31st March, 2018. Following are the Balance Sheets of both the companies as on that date: Strong Ltd. (in lakh) Weak Lt
- The following is the Balance Sheet of AB Ltd. as on 31st March, 2018: Particulars Amount (₹) I. EQUITY & LIABILITIES (1) Shareholders' Funds : (a) Share Capital : 1,500, 8% pref. s
- What are the reporting requirements of fraud detected while performing duties as auditor under section 143(12) of Companies Act, 2013?
- What are the advantages of "Efficiency Audit"?
- "Test checking reduce the volume of the work considerably but not reduce the liability of the auditor." Explain and write the advantages and disadvantages of test checking.
- Explain the need of audit sampling in an audit of financial statements.
- The form and contents of audit documentation depends upon certain factors. Discuss.
- Explain objectives of "Internal Control System".
- "Internal audit has become an important tool in modern time." Why?
- Explain the term "Segregation of Duties" in the context of Purchase Control Review.
- Write a short note on tolerable error.
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.