CS Executive Corporate and Management Accounting PYQ December 2018: Question Paper and Available Answers
CS Executive
Corporate and Management Accounting
PYQS Series
December 2018
28 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Corporate and Management Accounting PYQS (December 2018). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- Explain Share-based payments as per Ind AS-102.
- Explain Minority interest and its calculating procedure.
- Explain Provisions of the Companies Act, 2013 regarding "Corporate Social Responsibility (CSR) spend".
- B Ltd. forfeited 2000 equity shares of ₹10 each, ₹8 called up for non-payment of first call money of ₹2 each. The company has already received ₹2 on application and ₹4 on allotment
- Titanic Ltd. issued 10,000 equity shares at ₹20 per share for cash and 20,000 equity shares to supplier of plant costing ₹4,50,000. Assuming face value of shares at ₹10 each, show
- Briefly describe the benefits of "Accounting Standards".
- What do you mean by contingent liability? Briefly explain it.
- The following balances were stood in the Balance Sheet of Gauru Ltd. as on 31 st March, 2018: (i) Share capital—Issued and subscribed : 2,00,000, 9% Preference shares of ₹100 each
- The following balances are extracted from the books of Raj Ltd. : ₹ (1) 1,000, 7% Preference Shares of ₹100 each fully called up : 1,00,000 Less : Calls in arrears @ ₹25 per share
- A company has supplied the following data regarding underwriting of shares : Underwriter A B C Total (a) Gross Liability (No. of shares) 24,000 10,000 6,000 40,000 (b) Firm underwr
- The following balances are obtained from the Balance Sheet of Pimo Ltd. as on 31 st March, 2018: (1) Shareholders' funds : (in lakh) (a) Issued and subscribed share capital: 40,00,
- Pass necessary journal entries in the books of Karan Ltd. in each of the following cases: (i) 3,000, 8% Debentures of ₹100 each have been issued at par and are redeemable at par. (
- From the following information of Varsha Ltd., prepare a cash flow statement as per AS-03: Equity & Liabilities Previous Year (₹) Current Year (₹) Assets Previous Year (₹) Current
- What are the objectives of the Institute of Cost Accountants of India? Give any five points.
- From the balance sheets given below, prepare a consolidated balance sheet: Particulars M Ltd. (₹) D Ltd. (₹) I. EQUITY AND LIABILITIES : 1. Shareholders' fund (a) Share Capital 1 e
- From the following statement of Profit & Loss of Rajshree Ltd., you are required to prepare a Value Added Statement for the year ended 31 st March, 2018. Also prepare a reconciliat
- The Costs of an article at a capacity level of 5,000 units is given under 'A' below. For a variation of 25% in capacity the individual expenses vary as indicated under 'B' below: I
- The following is the information of Govind Trading Co. Ltd. : Estimated annual sales ₹20,00,000 Ratios— Sales to shareholders' fund 2.5 times Current debts (liabilities) to shareho
- What do you mean by Cost Sheet? State its advantages.
- Discuss the social objectives (purposes) of Cost Audit.
- The following data are related to a small manufacturing Co.: Fixed cost ₹1,60,000 Variable cost 60% of sales Calculate: (1) P/V Ratio (2) Break-even Point (B.E.P.) (3) Sales requir
- The following information provided by Akul Ltd. for the year ended 31 st March, 2018: (i) Share Capital: 4,00,000, 9% Preference Shares of ₹100 each ₹4,00,00,000 80,00,000, Equity
- The balance sheet of Prateek Ltd. disclosed the following position as on 31 st March, 2018 : Particulars Amount (₹) I. EQUITY AND LIABILITIES 1. Shareholders' fund (a) Equity Share
- What do you understand by 'Management Reporting'? What is its need in a company?
- B Ltd. agreed to purchase the business of a sole trader. For this purpose, goodwill is to be valued at three years' purchase of the weighted average of previous 4 years' adjusted p
- Rank the following three proposals on the basis of net present value index method: A B C Cost of Proposal (₹) 2,00,000 2,40,000 5,00,000 Working Life 5 years 6 years 10 years Scrap
- Explain the advantages of Economic Value Added (EVA) Analysis in the corporate world.
- Explain briefly Share Based Payment Transaction and Arrangement with suitable examples of SBP Arrangement.
How to Prepare for CS Executive Corporate and Management Accounting
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.