Regs NOs 2:isicicottnieie
D561 Q.P. Code : [D 07 PMC Oi]
(For the candidates admitted from 2007 onwards)
M,Com. DEGREE EXAMINATION, DECEMBER 2009.
First Year
Commerce
CORPORATE ACCOUNTING
‘Time ; Three hours Maximum : 100 marks
Answer any FIVE questions,
Each question carries 20 marks.
(6 x 20 = 100)
1. From the following trial balance as at $1" March
- 2008 and other particulars, prepare profit and loss
account for the year ended 31st March, 2008 and
balance sheet as on that date in the books of
XYZ Ltd.
Ra, Re,
Closing stock at coat 180,000 Share capital :
‘Sundry debtors 40,000 equity shares of
(more than 6 months Ra, 10 onch Fully
Res, 8,000) 100,000 paid up 4,00,000
Plant & Machinery 4,50,000 Trading account (Bal) 244,000ee
Rs. Re
Good will 29,000 Dividend received (net)
Land & Buildings 1,80,000 (Tax deducted at source
Salary & Wages 155,000 Rs, 800) 2,500
Ront 15,000 Interest received (net)
Salling expenses 25,000 (Tax deducted at source
‘Advance (ineluding advance Rs, 400) 1,500
payments of tax Rs, 99,000) 1,00,000 Sundry ereditora 1,000
Cash at Bank 20,000 General reserve 3,00,000
Provision foe bad debts 5,000
15,000 Provision for income tax 42,000
(market value Rs 30,000) 24,000
10,738,000 10,73,000
Other information as follows :
(a)