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Transcript of Advance Accounting Questions
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First Edition : May 2011
Published :
Directorate of Studies
The Institute of Cost and Works Accountants of India
12, Sudder Street, Kolkata-700 016
Works Accountants of India and prior permission from the Institute isnecessary for reproduction of the whole or any part thereof.
Printed at :
Repro India Limited
50/2 T.T.C. MIDC Industrial Area, Mahape, Navi Mumbai - 400710.
Copyright of this Compendium is reserved by the Institute of Cost and
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600 00.63** =×
6.30 700
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2.70 700
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DollarsUSlakhs12042.50
lakhs5,100 loancurrencyForeign ==
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` 12
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15×× `
lakhs3500.981.08
lakhs370.44 Xor =
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year theduringgoutstandinsharesequityof number averageWeighted
rsshareholdeequitytoleattributabyear theof profitNet
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9/12)shares(12,50,0003/12)1.04shares(10,00,000
30,00,000
×+××
shares11,97,500
30,00,000
exercisetheinissuedsharesof Number exercisetoprior goutstandinsharesof Number
exercisefromreceivedamountTotalrightsof exercisetoprior yimmediatelsharesgoutstandinallof valueFair
+
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( ) ( )shares2,50,000shares10,00,000
shares2,50,00020shares10,00,00025
+
×+×=
24shares2,50,0001
03,00,00,00==
shareper valuerights-exheoreticalT
rightsof exercisetoprior shareper valueFair =
(approx.)1.041)NoteWorking(Refer 24
25==
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(Being allotment by Moon Ltd. of 60 crore equity shares of ` 10 each to the members of the
company in the ratio of 4 equity shares of Moon Ltd. for every 5 equity shares held in the company.
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×5,55,000
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10,000 Shares of M Ltd.
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The dividend on 7,000 shares only (acquired on 1.4.2010) is a pre-acquisition dividend.
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× 70
100
×2
1
100
10×
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1
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It has been assumed that Profit of 2,02,500 after payment of dividend for the year 2009-2010, has
been earned evenly in 3 years, (year 2008-09, 2009-10 and 2010-11) hence profit per year would be
= . Half of the profit of 67,500 for the year 2008-09 would be pre-acquisition
(Capital Profit) and Remaining half i.e. 33,750 would be post-acquisition profit (Revenue profit).
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× 100
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31.3.2011onasCE31.3.2010onasCE +
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