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CMA Intermediate Exam: Company Accounts
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Syllabus for this paper (with weightage): 

Section A : Accounts of Joint Stock Companies 50%
1. Accounting of Shares and Debentures
2. Presentation of Financial Statements (as per Schedule III)
3. Cash Flow Statement
4. Accounts of Banking, Electricity and Insurance Companies
5. Accounting Standards (AS - 11, 12, 15, 16, 17, 18 and 19)

CMA Intermediate Exam: Company Accounts
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25 Questions

1. Which of the following is correct?
2. If a company has contingent liability it appears in the
3. Which of the following is not a component of Cash Flow Statement?
4. Interest and dividend received form a part of financing cash flow.
5. Which of the following is not a source of Bonus issue of Shares?
6. When the same risk and the same subject matter is insured with more than one insurer the same is called reinsurance.
7. In relation to an Electricity Company the amount of security deposit = Load x Load factor of the category in which the customer falls x Current tariff x _________.
8. Losses of theft are covered by ____________ insurance policies
9. Issue of debentures as a collateral security means issue of debentures as a main security, that is, a security in addition to the prime security.
10. Which of the following is a principle of insurance?
11. In case the leaseback is a finance lease, the sale proceeds in excess of the carrying amount should be immediately recognized in the Income Statement.
12. A company with capital, which cannot be profitably employed, may get rid of it by resorting to buy-back, and re-structure its capital and it is a disadvantage.
13. In case of an electricity company, depreciation on assets is calculated based on the rates notified by
14. Machinery purchased by issuing shares is shown under Cash Flow from Investments Activities in Cash Flow Statement.
15. Bonus is the share of profit which is payable by the insurance company to the policyholders.
16. Issue of fully paid up bonus shares increases the total shareholders fund.
17. Interest expenses are Finance Cost.
18. Interest accrued and due should be shown under the head Other Current Liabilities in a Balance Sheet of a Company.
19. In case of Electricity Company, Balance of Security Deposit A/c at the end of the accounting period should be disclosed as a Non-current liability in the Balance Sheet.
20. Which of the following is an intangible asset?
21. For calculation of depreciation, Central Electricity Regulatory Commission has recommended
22. A banking company is required to maintain---------- provision on unsecured portion of doubtful advances
23. Schedule III deals only with presentation and disclosure requirements.
24. Which of the following is not a condition of buy-back of securities?
25. Any surplus cash may be utilized by the company for buy-back and avoid the payment of dividend tax.

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