APRIL 2023 62533/CZ24A/

AY24A

Time : Three hours Maximum : 75 marks

PART A — ( 10  2 = 20 marks)

Answer any TEN questions

1. What do you understand by ‘Alteration of share
capital’? ‘пṁS ‰duÚzøu awjÔ¯øaṅy’ пjÔ }du
AÔÁx ¯wx?
2. Mention the different kinds of alteration of share capital.
пṁS ‰duÚzvß пd÷Áр ÁøP¯wÚ awjµṁPøÍU SÔṅmkP.
3. Write a short note on purchase consideration.
aPwȧyud aрп¯ß пjÔ @e ]р SÔṅy ueP.
4. Define External reconstruction.
aÁaṅyµ yÚμøaṅøп Áøμ¯рUPÄ®.
5. Define liquidation.
Pødṅøп Áøμ¯р.
6. Who is a liquidator?
PødṅпwÍu GßпÁu ¯wu?
7. What is subsidiary company?
xøn ßрÁÚ® Gßµwd GßÚ?
8. What is capital profit?
‰duÚ dwп® Gßµwd GßÚ?
9. Give a short note on rebate on bills discounted.
uȧgпр a\ṁ¯ṅпil mdPȧ ÅuwÚ uȧgпр SÔzu ]р SÔṅy
ueP.
10. What do you mean by
NPA? NPA Gßпx ¯wx?
11. What is liquidator’s final statement?
PødṅпwÍmß Cрv AÔUøP Gßµwd GßÚ?
12. List out the various schedules in P & L account of banking
company.
ÁṁQ ßрÁÚ Cdwп µilU PnUQß пd÷Áр AilÁønPøÍ
пiр¯¼kP.
 PART B — (5  5 = 25 marks)
Answer any FIVE questions
13. Balance Sheet of a company as on 31st March 2017.

Liabilities Rs. Assets Rs.

Share capital (Rs. 10) 1,00,000 Fixed assets 50,000

Creditors 50,000 Current assets 30,000

Profit and Loss a/c 50,000

Goodwill 20,000

1,50,000 1,50,000

Reduce Rs.7 per share and wipe of losses. Give journal entries.
31 awua 2017 ßdÁμṅпр @e ßрÁÚzvß Ceṅyßød SÔṅy.

aпwрṅyPȧ p. a\wzxUPȧ p.
пṁS yud (p.10) 1,00,000 ßød a\wzxUPȧ 50,000

PlÜj÷uwuPȧ 50,000 µlṅy a\wzxUPȧ 30,000

Cdwпµil P/S 50,000

µjaп¯u 20,000

1,50,000 1,50,000
@e пṁQjS p.7 SøµUPṅпilx ajр® µilzvjS ÁpÁøP a\
ṁ¯ṅпilx. SÔṅ÷пikṅ пvÄPøÍ ueP.
14. X Co. Ltd., took over assets Rs.3,50,000 and liabilities of
Rs.30,000 of Y Co. for the purchase consideration of Rs.3,30,000.
X Co. Ltd., paid the purchase consideration by issuing
debentures of Rs.100 each at a premium of 10%. Give journal
entries.
aPwȧyud aрп¯ß auwøP p.s,s0,000 UPwP X P®aпÛ
¼dali Y P®aпÛІß a\wzxUPøÍ p.s,50,000 US® ajр®
aпwрṅyPøÍ p.s0,000 US® GkzxUaPwȧQµx. X P®aпÛ
¼dali aPwȧyud aрп¯ß auwøPUS p.100 Ãu® 10%
yøÚazvd aÁaІil PlÜikṅ пzvμawP a\gzxQµx.
SÔṅ÷пikṅ пvÄPȧ ueP.

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15. From the following particulars, prepare liquidator’s final
statement of account.
Capital Rs. 1,00,000; Loss Rs.1,11,500; Cash Rs.1,000; Cash
received from the sale of machinery, stock and collection from
debtors Rs.79,000; 6% Secure debentures Rs.50,000; Interest due
on the above Rs.1,500; Preferential creditors Rs.5,000;
Unsecured creditors Rs. 35,000; Liquidation expenses Rs.500;
Liquidator’s remuneration to be calculated at 3% on the assets
sold and 2% on the amount paid to unsecured creditors.
mßÁe® dÁμṁPa¼ejx, PødṅпwÍmß Cрv AÔUøPø¯z
u¯wmUPÄ®.
yud p.1,00,000; µil® p.1,11,500; aμwUP® p.1,000;
C¯jvμṁPȧ djµvd aпjµ aμwUP®, PlÚwaPaldejx Á`d
‰d® aпµṅпil aμwUP® p.7e,000; 6% møn¯
PlÜj÷uwuPȧ p.50,000; ÷a÷d rȧÍøÁUPwÚ ßgøÁ Áiр
p.1,500; yßÝmøa PlÜj÷uwuPȧ p.5,000; møn¯dddw
PlÜj÷uwuPȧ p.s5,000; Pødṅy a\dÄPȧ p.500;
PødṅпwÍmß Fv¯® djPṅпil a\wzxPad s% ajр®
møn¯dddw PlÜj÷uwuUS a\gzuṅпil auwøPІd 2% GÚ
PnUQlṅпl ÷Ásk®.
16. Consolidate the following Balance sheet

Liabilities H Ltd S Ltd Assets H Ltd S Ltd

Capital Rs.10 shares 128 shares in S 1,000 ---
Creditors 2,400 1,600 Sundry assets 1,400 1,950
P & L account --- 300
--- 50
2,400 1,950 2,400 1,950
mßÁe® CeṅyßødU SÔṅyPøÍ @eṁQønUPÄ®.

aпwрṅyPȧ H S a\wzxUPȧ H S
¼dali ¼dali ¼dali ¼dali
S ß 128 1,000 ---
пṁSPȧ
yud p.10 2,400 1,600 пdÁøP
пṁSPȧ
PlÜj÷uwuPȧ --- 300 a\wzxUPȧ 1,400 1,950

Cdwп µilU --- 50

PnUS

2,400 1,950 2,400 1,950

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17. On 31st March 2018, Bharat Commercial Bank Ltd., finds its
advance classified as follows:

Rs.
Standard assets 14,91,300
Sub-standard assets 92,800
Doubtful assets
(secured)
: Doubtful for one year 25,660
: Doubtful for one year to 3 years 15,640
: Doubtful for more than 3 years 6,580
Loss assets 10,350
Calculate the amount of provision to be made by the bank
against the above mentioned advances.

awua s1, 2018 Aßр, пwμz ÁoP ÁṁQ ¼dali, Auß

уßпnṁPøÍ mßÁeawр ÁøPṅпkzv¯x:

p.
ßød¯wÚ a\wzxUPȧ 14,91,300
xøn ßød¯wÚ a\ 92,800
wzxUPȧ
ę¯ a\wzxUPȧ
(møn¯ṅпiløÁ)
: gu BskUPwÚ ę¯® 25,660
: @e Bsk уud s BskPȧ 15,640
Áøμ ę¯®
: s BskPgUS® ÷adwP ę¯® 6,580
µila a\wzxUPȧ 10,350
÷ajTÔ¯ уßпnṁPgUS GvμwP ÁṁQ¯wd ÁpṁPṅпl
÷Ásр¯ @xUS auwøPø¯ PnUQkP.
18. Distinguish between Internal reconstruction and External
reconstruction.
Rȧ yÚμøaṅyUS® aÁaṅyµ yÚμøaṅyUS® Cøl÷¯
÷ÁрпkzxP.

19. How would you ascertain the amount of minority interest?

]рпwßøa µdß auwøPø¯ GȧÁwр PslÔÁwṁ?
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 PART C — (3  10 = 30 marks)

Answer any THREE questions

20. The following is the Balance Sheet of Weak & Co as on

31.3.2019.

Liabilities Rs. Assets Rs.

1,00,000 equity shares Land 1,00,000
of Rs.10 each 10,00,000 Plant and Machinery 2,30,000
Sundry creditors 1,73,000 Furniture and Fittings 68,000
Stock 1,50,000
Debtors 70,000
Cash at bank 5,000
P and L a/c 5,50,000
11,73,000 11,73,000
Scheme of capital reduction was:

(a) The equity shares to be reduced to Rs.4 per share

(b) Plant and Machinery to be written down to Rs.1,50,000
(c) Stock to be revalued at Rs.1,40,000
(d) The provision on debtors for doubtful debts to be created
Rs.2,000
(e) Land to be revalued at Rs.1,42,000

Pass journal entries and prepare the reconstruction account.

s1.s.201e ÷uvІil ÃU & ÷Pwdß Ceṅyßød mßÁeawр.
апwрṅпPȧ p. а\wzxUPȧ p.
1,00,000 ßd® 1,00,000
апwxßød
пṁSPȧ p.10 Ãu® 10,00,000 апwÔ aјр® C¯jvμṁPȧ 2,s0,000
пјпd 1,7s,000 AøµPdß aјр®
PlÜj÷uwuPȧ апwezxUPȧ 68,000
\μUQeṅy 1,50,000
PlÚwaPȧ 70,000
ÁṁQІeṅy аμwUP® 5,000
Cdwпµil P/S 5,50,000
11,73,000 11,73,000

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 ‰duÚU Søµṅy vil®:
(A) aпwxßød пṁSPȧ p.a BP SøµUPṅпilx.
(B) aпwÔ ajр® C¯jvμṁPȧ p.1,50,000 BP SøµUPṅпilx.
(C) \μUQeṅy p.1,a0,000 GÚ avṅmlṅпilx.
($) PlÚwaPȧ Åx p.2,000 Áwμw ę¯UPlß @xUS ReÁwUSP.
(R) ßd® p.1,a2,000 GÚ aрavṅffk a\ṁ¯ṅпilx.
SÔṅ÷пikṅ пvÄPøÍ ueP ÷ag® yÚμøaṅy PnUøPщ®
u¯wmUP.
21. Following is the Balance Sheet of X Company Ltd. as on
June 30, 2018.

Liabilities Rs. Assets Rs.

12,000 shares of Rs. 500 60,00,000 Land and Buildings 27,20,000
each

Reserve fund 6,50,000 Plant and Machinery 30,00,000

Insurance Fund 1,30,000 Furniture and

Fittings 1,00,000

P and L a/c 20,000 Patent and

Trademarks 4,00,000

2,600 Debentures of 13,00,000 Stock 20,00,000

Rs. 500 each

Workman savings bank 4,00,000 Sundry Debtors 6,00,000

Sundry Creditors 5,00,000 Cash 1,80,000

90,00,000 90,00,000

Y Company Ltd. agreed to take over X Ltd. on the following

basis:

(a) Payment of cash at Rs.90 for every shares in X Ltd.

(b) Payment of cash at Rs.550 for every debenture holder in
full discharge of debentures.
(c) Exchange of 4 shares of Y Company Ltd. on Rs.75 each
(quoted in the market at Rs.140 each) for every share in X
Company Ltd.
Show necessary ledger accounts in X Ltd.

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 güß s0, 2018 ßdÁμṅпр X P®aпÛ ¼dali ßрÁÚzvß
CeṅyßødU SÔṅy mßÁeawр.

aпwрṅyPȧ p. a\wzxUPȧ p.
12,000 пṁSPȧ p. 500 60,00,000 ßd® ajр® 27,20,000
Ãu® PiрlṁPȧ
Pwṅy ßv 6,50,000 aпwÔ ajр®
Pwṅffik ßv 1,30,000 C¯jvμṁPȧ 30,00,000
CdwпµilU PnUS 20,000 AøµUPdß ajр®
2,600 PlÜikṅпzvμṁPȧ aпwezxudPȧ
p.500 Ãu® 13,00,000 Pwṅymøa ajр® 1,00,000
auwpdwa ÷\dṅy ÁṁQ 4,00,000 ÁoPUSÔ 4,00,000
пjпd PlÜj÷uwuPȧ 5,00,000 \μUQeṅy 20,00,000
пjпd PlÚwaPȧ 6,00,000
aμwUP® 1,80,000
90,00,000 90,00,000

Y P®aпÛ ¼dali mßÁe® AрṅпølІd X ¼dali

ßрÁÚzøu øP¯Pṅпkzu @ṅyUaPwslx.
(A) X ¼daliрß @ȧaÁwe пṁSPgUS p.e0 aμwUPawP a\
gzuṅпk®.
(B) @ȧaÁwe PlÜikṅпzvμuwμuPgUS® p.550
aμwUPawP a\gzv PlÜikṅпzvμ® yyÁx®
wuUPṅпilx.
(C) Y P®aпÛ ¼dali ßрÁÚzvß a пṁSPøÍ p.75
Ãu® (\jøuІd p.1a0 GÚ ÷aj÷Pwȧ
PwilṅпikȧÍx) X P®aпÛ ¼dali ßрÁÚzvß
@ȧaÁwe пṁSPgUS®
GÚ awjµṅпilx.

X ¼diрd ÷uøÁ¯wÚ ÷п÷μikU PnUSPøÍU PwikP.

22. From the data relating to a company (in voluntary liquidation),

you are asked to prepare liquidator’s final statement of account.
(a) Cash with liquidator (after all assets are realized and
secured creditors and debenture holders are paid) is
Rs.6,73,800.

(b) Preferential creditors to be paid Rs.30,000.

(c) Other unsecured creditors Rs.2,15,000.

(d) 4,000 6% preference shares of Rs.100 each, fully paid.

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(e) 2,000 equity share of Rs.100 each, Rs.75 per share paid up.

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 (f) 6,000 equity shares of Rs.100 each, Rs.60 per share paid
up.
(g) Liquidator’s remuneration 2% on preferential and other
unsecured creditors.
(h) Preference dividends were in arrears for 2 years.
@e ßрÁÚ® auwluпwÚ uμd¼ejx (ußÚwuÁ Pødṅylß),
PødṅпwÍmß Cрv PnUS AÔUøPø¯z u¯wmUS®пр ÷PikU
aPwȧÍṅпkQÕuPȧ.
(A) PødṅпwÍml® aμwUP® (AøÚzx a\wzxUPaß wuÄ
ajр® møn¯ PlÜj÷uwuPȧ ÷ag® PlÜikṅ
пzvμuwμuPgUS a\gzuṅпil mµS) p.6,7s,800.
(B) yßÝmøa PlÜj÷uwuPgUS a\gzv¯ p.s0,000.
(C) Cuμ møn¯dddw PlÜj÷uwuPȧ p.2,15,000.
($) a,000 6% yßÝmøa пṁSPȧ p.100 Ãu® yyÁx®
a\gzuṅпilx.
(R) 2,000 aпwxßød пṁSPȧ p.100 Ãu®, @e пṁSUS p.75
a\gzuṅпilx.
(F) 6,000 aпwxßød пṁSPȧ p.100 Ãu®, @e пṁSUS p.60
a\gzuṅпilx.
(G) yßÝmøa ajр® Cuμ møn¯dddw PlÜj÷uwuPȧ Åx
PødṅпwÍmß Fv¯® 2% BS®.
(g) yßÝmøa пṁPwuw¯® 2 BskPÍwP ßgøÁІd RȧÍx.

23. The following are the Balance sheet of H Ltd. and its subsidiary
S Ltd. as on 31.3.2018.

Liabilities H Ltd S Ltd Assets H Ltd S Ltd

Share capital Machinery 3,00,000 1,00,000
Rs.10 each 6,00,000 2,00,000 Furniture 70,000 45,000
General 1,50,000 70,000 70% of
Reserves shares in
P and L a/c 70,000 50,000 S Ltd at cost 2,60,000 ---
Creditors 80,000 55,000 Stock 1,75,000 1,89,000
Debtors 55,000 30,000
Cash at bank 40,000 5,000
Preliminary --- 6,000
exp.
9,00,000 3,75,000 9,00,000 3,75,000

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 H Ltd. acquired the shares of S Ltd. on 30th June 2017.
On 1st April 2017, S Ltd.’s General reserve and Profit and Loss
account stood at Rs.60,000 and Rs.20,000 respectively. No part
of the preliminary expenses was written off in the year ended
31.3.2018.

Prepare consolidated Balance Sheet.

s1.s.2018 ÷uvІßпр H ¼dali ajр® Auß xøn
ßрÁÚawÚ S ¼dali BQ¯ÁjÔß Ceṅyßød SÔṅy
mßÁeawр.
aпwрṅyPȧ H S ¼dali a\wzxUPȧ H ¼dali S ¼dali
¼dali
пṁS yud C¯jvμ® 3,00,000 1,00,000
p.10 Ãu®
6,00,000 2,00,000 AøµUPdß 70,000 45,000
aпwx Pwṅy
1,50,000 70,000
Cdwпµil P/S
70,000 50,000 S ¼diрß 70% 2,60,000 ---
AlUPzvd
PlÜj÷uwuPȧ 80,000 55,000 \μUQeṅy 1,75,000 1,89,000
PlÚwaPȧ
55,000 30,000
ÁṁQІeṅy
aμwUP® 40,000 5,000
yußøa a\dÄPȧ
--- 6,000
9,00,000 3,75,000 9,00,000 3,75,000

S ¼dali ßрÁÚzvß пṁSPøÍ s0 güß 2017 Aßр

H ¼dali ÁwṁQ¯x. gṅμd 1, 2017 Aßр, S ¼daliрß
aпwx Pwṅy ajр® Cdwп µilU PnUS yøµ÷¯ p.60,000
ajр® p.20,000 BS®. s1.s.2018 ® Bsрß yрdd yußøa
a\ddÚṁPad Gju пSvщ® ÷пwUaPуuṅпlddød.
@eṁQønju Ceṅyßød SÔṅøп u¯wmUP.

24. On 31.12.2018, the following balances stood in the books of

Asian Bank Ltd.
Particulars Rs. in ‘000
Share capital – issued 80,000 shares of Rs.100 each, 4,000
Rs.50 paid
Reserve fund 6,200
Fixed deposits 42,600
Savings bank deposits 19,000
Current accounts 23,200

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Money at call and short notice 1,800
Government securities 9,000
Other investments 16,000
P and L a/c (Cr) balance (1.1.18) 1,350
Dividend for 2017 400
Premises (after depreciation upto 31.12.18, Rs.45,000) 2,950
Cash in hand 380
Cash with RBI 10,000
Cash with other banks 6,000
Bills discounted 51,000
Loans and overdrafts 4,136
Draft payable 70
Unclaimed dividends 60
Rebate on bills discounted 50
Short loans (Cr.) 4,750
Furniture (after depreciation upto 31.12.18, Rs.1,36,000) 1,164
Net profit for 2018 1,550
Prepare the Balance Sheet as per banking regulation Act.
31.12.2018 Aßр,
B]¯ ÁṁQ ¼dali gkPad RȧÍ
CeṅyPȧ mßÁeawр

dÁμṁPȧ p.’000 d
пṁS yud – 80,000 пṁSPȧ p.100 Ãu®, 4,000
p.50 a\gzuṅпilx
Pwṅy ßv 6,200
ßød øÁṅyPȧ 42,600
÷\dṅy ÁṁQ øÁṅyPȧ 19,000
µlṅyU PnUSPȧ 23,200
Aøpṅy ajр® SрQ¯ AÔdṅmd пn® 1,800
Aμ& møn¯ṁPȧ 9,000
mµ yu½kPȧ 16,000

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Cdwпµіl P/S (ÁμÄ) Ceṅy (1.1.18) 1,350
2017 B® BsрjPwÚ пṁPwuw¯® 400
ÁÍwPṁPȧ (s1.12.18 Áøμ ÷uṁawÚzvjSṅ mß,
p.a5,000) 2,950

ÁṁQІeṅy aμwUP® 380

m\uȧ ÁṁQІd aμwUP® 10,000
mµ ÁṁQPad aμwUP® 6,000
uȧgпр¯wÚ mdPȧ 51,000
PlßPȧ ajр® ÷adÁøμṅпjр 4,136
a\gzu ÷Ásр¯ ÁøμÄ 70
÷Pwμṅпlwu пṁPwuw¯® 60
uȧgпр¯wÚ mdPȧ Åx uȧgпр 50
SрQ¯ PlßPȧ (ÁμÄ) 4,750
AøµUPdß (s1.12.18) ÁøμІdwÚ ÷uṁawÚzvjSṅ
mß, p.1,s6,000) 1,164

2018® BskUPwÚ ßPμ dwп® 1,550

ÁṁQ @уṁSyøµa \іlzvßпр Ceṅyßød SÔṅøп
uw¯mUPÄ®.

–—————

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