CS Executive Corporate Accounting and Financial Management PYQ December 2023: Question Paper and Available Answers
CS Executive
Corporate Accounting and Financial Management
PYQS Series
December 2023
27 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Corporate Accounting and Financial Management PYQS (December 2023). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Technocrats Ltd. invited applications for 1,00,000 equity shares of ₹ 30 each. The shares were issued at a premium of ₹ 15 per share, payable as follows: On Application and Allotme
- Assuming opening bank balance of ₹ 1,25,000, prepare the Bank account of the company in the light of above transactions.
- What are the restrictions on use of Securities Premium Account as per provisions of the Companies Act, 2013? What is the implication if a company violates these provisions?
- Following Summarized Statement of Profit/Loss and Balance Sheet are provided by ABC Ltd.: Summarized Profit/Loss account of ABC Ltd. (For the year ended 31st March, 2023) Particula
- The following balances appeared in the books of a Company as on 1st April, 2022: Sinking Fund for Redemption of Debentures ₹ 5,50,000; Sinking Fund Investments ₹ 3,44,325; 7% Deben
- Out of ₹ 10,00,000 6% Debentures outstanding on 1st April, 2022, ₹ 5,00,000. Debentures were redeemed on 31st October, 2022. The balance of Debenture Sinking Fund Account on 1st Ap
- Y Ltd. recently reported the following income Statement: (in Crore) Sales 600 Operating Cost 470 EBIT 130 Interest 40 EBT 90 Taxes @ 40% 36 EAT (Net Income) 54 Dividend 21.6 Retain
- XYZ Ltd. incorporated on 1st April, 2023 issued a prospectus inviting applications for 5,00,000 equity shares of ₹ 10 each. The whole issue was fully underwritten by K, B, D, and M
- On 1st April, 2022, the following balances were extracted from the ledger of X Limited: (i) 10% redeemable preference share capital amount: 5,000 shares of ₹ 100 each, fully called
- The Summary Balance Sheet of ABC Ltd. as on 31st March, 2023 read as under: Liabilities Amount (₹) Assets Amount (₹) Share Capital : Freehold property 1,15,000 Authorized share Cap
- On 31st March, 2023, H Ltd. has 20,000 shares out of 25,000 equity shares issued by S Ltd. H Ltd. acquired these shares in S Ltd. in the following manner: Date of Acquisition: 01st
- From the following details, calculate value of Goodwill/Capital Reserve and Minority Interest that will reflect in consolidated Balance Sheet on 31st March, 2023: Summarized Balanc
- From the following summary of bank account of X. Ltd., prepare Cash Flow Statement for the year ended 31st March, 2023: Summary of Bank Account for the year ended 31.3.2023 Particu
- "The three golden rules of accounting are the very foundation of double entry system of financial accounting." Elucidate.
- What is meant by Extensible Business Reporting Language (XBRL)? How does it work?
- What is the need of convergence of Accounting Standard with IFRS in India?
- XYZ Ltd. is a company manufacturing standardized chandeliers. The segment they deal in is more or less an oligopolistic kind of market with mediocre market potential. The demand of
- Prepare a forecast of Profit/Loss account for the ensuing year.
- Prepare a forecasted Balance Sheet at the end of ensuing year.
- ABC Ltd. provides the following information regarding the cost of the product. Direct materials ₹ 20,000 Direct Wages ₹ 16,000 Variable Factory Overhead: 25% of wages Variable Admi
- Equipment A has a cost of ₹ 75,000 and net cash flow of ₹ 20,000 per year for six years. A substitute equipment B would cost ₹ 50,000 and generate net cash flow of ₹ 14,000 per yea
- The following is an extract from the financial statement of XYZ Ltd : (in lakh) (in lakh) Operating Profit 105 Less : Interest on debentures 33 72 Less : Income Tax (30%) 21.6 Net
- RST Ltd. has a capital of ₹ 10,00,000 in equity shares of ₹ 100 each. The shares are currently quoted at par. The company proposes to declare a dividend of ₹ 10 per share at the en
- What do you mean by Aroon Indicator? Explain.
- Explain Hamada Equation and also calculate Hamada coefficient using following information. A company has a debt to equity ratio of 0.65 : 1.00, a tax rate of 35% and an unlevered b
- What is meant by annuity due and ordinary annuity?
- Briefly explain the emerging roles of Financial Manager.
How to Prepare for CS Executive Corporate Accounting and Financial Management
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.