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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. General Ledger of a Banking Company does not contain ________________
2. In case of a Banking Company General Ledger does not contain
3. Which of the following is not a condition of buy-back of securities?
4. Buy-back of shares can also be made out of the proceeds of the earlier issues of the same kind of shares.
5. Sundry Creditors for Goods or Services, and acceptances should be disclosed as part of _____.
6. Interest income in case of a Finance Company is treated as a part of revenue from Operation.
7. Inventory is
8. Transfer to capital redemption reserve account is allowed from Dividend Equalisation fund.
9. Bonus is the share of profit which is payable by the insurance company to the policyholders.
10. Balance of Interest Accrued on Security Deposit A/c of an Electricity company should be shown
11. When debentures are issued at discount, it is prudent to write off the loss during the life of debentures.
12. Capital Reserve is a Reserve which is available for distribution as Dividend.
13. Provision is created for
14. 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.
15. Marked applications are those applications which bear the stamp of an underwriter.
16. Which of the following is/are the advantage/s of buy-back:
17. The value base for the purpose of depreciation for the purpose of Tariff as per Regulation 21 shall be the historical cost of the asset.
18. A company cannot buy-back its shares from any person through a negotiated deal whether on or off the stock.
19. Premium on redemption of redeemable preference shares can be paid out of?
20. 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.
21. Machinery purchased by issuing shares is shown under Cash Flow from Investments Activities in Cash Flow Statement.
22. The fair value of Plan assets of A LTD. at beginning and end of the year 2015-2016 were Rs. 4,00,000 and Rs. 5,70,000 respectively. The employer's contribution to the plan during the year was Rs. 1,40,000. If benefit payments to retirees were Rs. 1,00,000 what would be the actual return on plan assets (as per AS15)?
23. 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.
24. Losses of theft are covered by ____________ insurance policies
25. In Case of Life Insurance Business, Bonus may be of

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