Advance accounting (sem-3) b.com paper-3: 2018,2019-previous question papers download in telugu and English

Advance accounting (sem-3) paper-3: 2018,2019-previous question papers download in Telugu and English

Subject :-(Advance accounting)

Subject name :-(common to all)

Year :-(2018,2019)

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I have a lot of previous question papers for every semester ( KAKATIYA UNIVERSITY).

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Advance accounting (sem-3)

Advance accounting (English medium) 2019 -(sem-3) question-paper download

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Important questions

(a) Write the essential features of a Partnership Firm. 

(b) Under what circumstances a Court orders for the dissolution of a Partnership Firm? 

(c) Write the differences between debentures and shares. 

(d) Sunil and Suresh are partners sharing profit and losses in the ratio of 3: 2. They admitted Sukumar as new partner with 4th share in profits. Calculate new profit sharing ratio of Sunil, Suresh and Sukumar. 

(e) The Balance Sheet of Kumar Co. Ltd. is as follows:

(f) A Company was incorporated on 1" April, 2016. It took over a running business from 1 January 2016. The Company prepared its first final accounts on 31st December 2016. From the following information, you are required to calculate the sales ratio of Pre-incorporation and Post-incorporation periods:

(i) Sales from January, 2016 to December, 2016 - Rs. 12,00,000 

(ii) Sales for the month of January twice the average sales, for the month of February -equal to average sales, sales for four months from May to August - 4th of the average sales of each month, and sales for October and November- three times the average sales. 

(g) From the following information, calculate the value of goodwill at 3 years of purchase of super profits: 

(i) Average capital employed in business Rs. 20,00,000. 

(ii) Net profit for the last three years: Rs. 2,70,000, Rs. 3,20,000, Rs. 2,80,000. 

(iii) Rate of return expected 10% of capital employed. 

(iv) Fair remuneration to the organisers Rs.40,000 per annum. 

(h) List out the factors affecting valuation of shares. 

2. Explain the procedure relating to adjustment of Capitals when a new partner is admitted. 

3. (a) Write the differences between Equity shares and Preference shares. 

Or 

(b) Bhatath Lid. issued 1,00,000 equity shares of Rs. 10 each at a premium of 10% and 5,000 debentures of Rs. 100 cach at Rs. 95. 80% of the issue is underwritten by M/s Purna & Co. at the maximum rate of commission allowed by law. Applications were received for 80.000 equity shares and 3,000 decbentures which were accepted and payment for these was received in full. Journalise the above transactions and show the Balance Sheet assuming that the amount due from the underwriters has been received. 

4. (a) The Trial Balance of Evergreen Ltd. as on 31-03-2017 is given below. Prepare Profit and Loss Statement for the year ended 31st March 2017 and Balance Sheet as on 31st March 2017.

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