Tuesday, November 10, 2015

Osmania University B.Com Advanced Accounting 2010 Question Bank

Computer Lab - Practical Question Bank
FACULTY OF COMMERCE, OSMANIA UNIVERSITY
B.Com  (All Streams) II Year W.E.F.2009-10
ADVANCED ACCOUNTING
Time: 60 Minutes
Record :  10
Skill Test :  20  
Total Marks :  30
Note: Problems are to be solved by using computers (Excel/Accounting package).

1. Venkat Ltd made an issue of 10,000 equity shares of Rs.100 each, payable Rs.20 on application, Rs.30 on allotment, Rs.30 on First call and Rs.20 on final Call. All the shares are subscribed and amounts duly received. Pass journal entries to give effect to these and also show the relevant items in the Balance Sheet.

2. Raju Ltd was floated with an authorized capital consisting of Rs. 20,000, 9% preference shares of Rs.100 each, payable Rs.25 per share on application, Rs.25 per share on allotment and Rs.50 per share on first and final call and Rs.3,00,000 equity shares of Rs.10 each, payable Rs.2 per share on application, Rs.3 per share on allotment and Rs.5 per share first and final calls. All the money received.  Make the necessary entries in Journal and the Balance sheet of the company

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