CS Executive Company Accounts & Auditing Practices PYQ June 2019: Question Paper and Available Answers
CS Executive
Company Accounts & Auditing Practices
PYQS Series
June 2019
31 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Company Accounts & Auditing Practices PYQS (June 2019). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Describe the disclosure requirements as per AS-27 by a joint venture in relation to: (i) Contingent liabilities (ii) Capital commitments.
- What are the fundamental characteristics of Corporate Financial Reporting ?
- Classify the following activities as (i) Operating activities (ii) Investing activities (iii) Financing activities (iv) Cash & cash equivalents : (1) Royalty received (2) Brokerage
- Mahaveer Ltd. secured an overdraft of ₹10,00,000 from the bank by issuing 12,000, 10% debentures of ₹100 each as collateral security. Pass the necessary journal entries to record t
- The Balance Sheet of Veena Ltd. as on 31st March, 2018 is as follows: Particulars I. Equity and Liabilities (1) Shareholders' Funds : (a) Share capital ₹4,20,000 (b) Reserves and S
- From the following information relating to a listed company, calculate value of a share: (i) Equity Share Capital (equity shares of ₹10 each) ₹10,00,000 (ii) 10% Preference Share C
- What do you mean by 'Firm Underwriting'? How is it treated while computing the net liability of the underwriters ?
- List any three items each to be included and not to be included in preliminary expenses.
- Write a short note on shareholder's value added.
- The following is the draft Profit & Loss A/c of Anjali Ltd. for the year ended 31st March, 2018: Particulars ₹ Particulars ₹ To Administrative and marketing expenditure 7,60,600 By
- The position of Badluck Ltd. on its liquidation is as under: 7,500, 9% Preference shares of ₹100 each fully paid up 1,00,000, Equity shares of ₹10 each fully paid up 50,000 Equity
- Give the disclosures that required to be made in the explanatory statement annexed to the notice for special resolution to be passed by shareholders of a company for approving sche
- From the following particulars, calculate the fair value of an equity share : (1) Share capital: 50,000, 10% Preference shares of ₹100 each fully paid up 5,00,000 Equity shares of
- Due to inadequacy of profits during the year ended 31st March, 2018, Meenu Ltd. proposes to declare 12.50% dividend out of free reserves. From the following particulars, find out,
- Fortune Ltd. had 4000, 12% Debentures of ₹100 each as on 1st April, 2018. As per terms of the issue, the company purchased the following debenture in the open market for immediate
- Following is the extract of the Balance Sheet of Prasann Ltd. (an unlisted company) as on 31st March, 2018: PARTICULARS ₹ Authorised Capital : 12,000 10% Preference shares of ₹100
- A Ltd. takes over the business of B Ltd. for ₹15,00,000 on 1st April, 2018 on which date the Balance Sheet of B Ltd. stands as follows: PARTICULARS ₹ I. EQUITY & LIABILITIES (1) Sh
- The following are the Balance Sheets of H Ltd. and its subsidiary S Ltd. at 31st March, 2018: PARTICULARS Note No. H Ltd. (₹) S Ltd. (₹) I. EQUITY AND LIABILITIES (1) Shareholders'
- What do you mean by CAG Audit ? Which organizations are subject to CAG Audit in India ?
- Explain the following terms in relation to auditing : (i) Adverse opinion
- Explain the following terms in relation to auditing : (ii) Audit committee
- Explain the following terms in relation to auditing : (iii) Audit Risk
- Explain the following terms in relation to auditing : (iv) Independence
- Explain the following terms in relation to auditing : (v) Misstatement.
- UT & Co. an independent audit firm, intends to modify its opinion in the auditor's report. Explain when it is necessary to modify the opinion in light of SA 705 ?
- Internal audit is concerned with an evaluation of both internal control as well as the quality of actual performance. In view of the above statement, explain the scope of internal
- "The review of personnel policies is related with the review of the functions of Human Resource Department". Explain.
- Explain any five predetermined control objectives to be evaluated by internal auditor while accessing organization's internal control.
- Enumerate any five points that should be considered at the time of audit planning and audit engagement.
- Explain the manner of rotation of auditors by the companies on expiry of their terms as prescribed under Companies Act, (Audit and Auditors) Rules, 2014.
- Write any five objectives of review control over purchasing operations.
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.