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{2 /j Hours)    {Total Marks: 75

N.B.: j(l) ..Ali questions arc compulsory

' :(£) Figurę* to thc right indicate fuli marłeś.

(3)    Use of simplc calculator is allowed. ■

(4)    Working notes should form part of your amrtras.

1. (A) Match thc columns (Any 8)

	W		V
1.	Computers	(*)	Fixcd incorne bearing sęcurity
2.	Computer Software	(b)	Crccitcd to Capital Rcduction Account
3.	Discount on issje of słiśres n« written off	(c)	Yariable incomc bearing security
4.	Bqulty shares	(d)	Contingent Liability
S.	Dcbentures	(e)	Employcc benefit expenses
6.	Incrcase in the valuc of buiiding	(0	Debited to Capital Reduction account
7.	Dccrcasc in thc va!uc of Investments	(8)	Tangible Fixcd asset
8.	On Amalgamańon, Prdiminary esepenses nppeuring in the Balance sbeet of the Vendor company is	(h)	Igr.orcd whlle calculating Purchase consideration by Net payment method.
9.	On Amalgamation. Liąuidaton cxpcnscs of Vcndor company agreed to be paid by Purchasing company is	0)	Considcred while calcuLating Purchase consideration by Net paymer.; method.
1Q	. Office Salarics	0)	Intangiblc Fixcd asset
		W	Fictitious asscts
		0)	Debited to Epuity shareholders acccur.t
		(m)	Debited to Rcalisation account.

(B) State whether the following Statcments nre Truć or False: (Any 7)    7

1.    Dividcnd on shares is calculatcd on thc cost of shares.

2.    Disputed Incorne tax liability is a contingent liability.

3.    Bonus shares are shares which arc issued frcc of cost to the existing equity shareholders.

4.    IFRS stands for Internationa! Financial Rcporting Star.ćards.

5.    Investmcnt Accounting is goven>ed by AS 11.

6.    Amalgamation of Companies is govcrned by AS 13.

7.    Copy righu is shown under the head Tangible Fixcd Asscts in tlić Balance sbeet of Limited company.

8.    There is no difference bctwcen Intcrnal and Extemal Reconstruclion of companic3.

9.    Reduction in Crcditors is debited to Capital Rcduction account.

10 Balance in Capital Rcduction account is transferred to Capital Rcdcmption Resenre account.

[TURN OVER

Hl-Con. 1888-15.