Name of the University : Uttarakhand Open University
Degree : B.B.A
Subject Code/Name : BBA-203 Company Accounts
Semester : II
Document Type : Old Question Papers
Website : uou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/uou.ac.in/4365-BBA-203.pdf
UOU Company Accounts Question Paper
Second Semester, Examination-2012
Time : 3 Hours
Maximum Marks: 60
Related : Uttarakhand Open University BBA202 Microeconomic and Banking Foundation of Business Question Bank : www.pdfquestion.in/4366.html
Note : This paper is of sixty (60) marks divided into three (03) sections. Learners are
required to attempt the questions contained in these sections according to the detailed
instructions given therein.
SECTION – A
(Long-answer – type questions)
Note : Section ‘A’ contains four (04) long-answer-type questions of fifteen (15) marks each. Learners are required to answer any two (02) questions only.
1. What do you mean by debenture? What are the various methods of redeeming the debentures?
2. What do you understand by redeemable preference shares? State the provision of Companies Act, 1956 regarding redemption of preference shares.
3. What is meant by the final accounts of a company? Describe in brief the provisions of Companies Act, 1956 regarding the preparation of final accounts.
4. A company issued 1,000 6% debentures of Rs. 100 each at a premium of 10% payable at Rs. 25 on application, Rs. 35 on allotment, Rs. 30 on first call and the balance on second call. Applications for 900 debentures were received and the allotment was made. One debenture holder holding 100 debentures paid the whole amount on allotment.
Another debenture holder who holds 50 debentures failed to pay the amount of both the calls. The debentures were allotted on 1st January 2010, date of first call was 1st July, 2010, and second call was made on 1st October, 2010. The company pays interest on advance money @ 6% p.a. Pass journal entries in the books of company.
SECTION – B
Note : Section ‘B’ contains eight (08) short- answer type questions of five (05) marks each. Learners are required to answer any four (04) questions only. Answers of these questions must be restricted to two hundred fifty (250) words approximately.
5. Briefly discuss any four (04) of the following;
5.1 Explain the statutory restrictions imposed on allotment of shares.
5.2 What are the methods of calculating purchase consideration-
5.3 What is debenture redemption fund- How it is created-
5.4 Explain the ex-interest and cum-interest in connection
5.5 Borex Ltd. had 20,000 12% redeemable preference shares of Rs. 10 each, Rs. 8 paid up. The company decided to redeem these shares at a premium of 20 percent. The company had a credit balance of Rs. 1,40,000 in profit and loss account, Rs. 50,000 in general reserve and Rs. 20,000 in securities premium account.
For redemption 5,000 equity shares of Rs. 10 each were issued at 10% premium. The issue was fully subscribed and all money was dully received. Give necessary journal entries to record the above transactions.
5.6 What are the sources from which bonus shares can be issued?
5.7 Write short notes on;
(a) Prospectus
(b) Pro-rata allotment of shares
5.8 Distinguish between surrender of shares and forfeiture of shares.
SECTION – C
(Objective – type questions) / – – – – –
Note : Section ‘C’ contains ten (10) objective –type questions of one (01) mark each. All
the questions of this section are compulsory.
6. Fill in the blanks with appropriate words or phrases;
6.1 ………………………… refers to a company which has a minimum paid-up capital of Rs. 1 lakh.
6.2 The amount of share premium received by the company is shown under the heading…………………… in the company’s balance sheet.
6.3 Issue of ………………………… is not permissible unless the existing partly paid-up shares are made fully paid up.
6.4 The amount payable by the purchasing company to the vendor company for taking over the business of such company is called……………………………
6.5 …………………………. are not members of the company.
7. Indicate the correct answer-option :
7.1 When shares are forfeited, the share capital account is debited by
a) Nominal value of shares
b) Called-up amount
c) Paid-up amount
d) None of these
7.2 The balance of debenture sinking fund after redemption of debentures is transferred to;
a) Profit and Loss Account
b) General Reserve
c) Debenture Account
d) None of these
7.3 Debentures issued as collateral security for Rs. 10,000 will be debited to;
a) Debenture Suspense Account
b) Bank Account
c) Debenture Account
d) None of these
7.4 Dividend are usually paid on ;
a) Authorized Capital
b) Issued Capital
c) Paid-up Capital
d) None of these
7.5 Preliminary expenses are transferred by the vendor company at the time of absorption to;
a) Purchasing company’s Account
b) Realization Account
c) Equity Shareholders’ Account
d) None of these