MS University B.Com Corporate Accounting II Important Questions – April 2026 Exam

MS University B.Com Corporate Accounting – II Important Questions

April 2026 Exam | II B.Com | 4th Semester

Updated for April 2026: Unit-wise important questions, repeated topics, and smart exam strategy for scoring high marks.

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📑 Table of Contents

• Unit I – Amalgamation
• Unit II – Banking
• Unit III – Insurance
• Unit IV – Consolidation
• Unit V – Liquidation
• High Priority Topics
• Study Strategy

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📘 UNIT I: Amalgamation and Reconstruction

Short Answer (5 marks):

• Difference between Internal and External Reconstruction
• Explain: Amalgamation, Absorption, Purchase Consideration, External Reconstruction

Long Answer (8 marks):

• Calculate Purchase Consideration using Lump Sum / Net Assets / Intrinsic Value / Net Payment Method
• Journal entries in books of both transferor and transferee company (Amalgamation problems)
• Problems on Internal Reconstruction – Conversion of Stock, Increase/Decrease of Capital

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🏦 UNIT II: Accounting of Banking Companies

Short Answer (5 marks):

• Rebate on Bills Discounted calculation
• Non-Performing Assets – classification and provisioning
• Difference between Performing and Non-Performing Assets

Long Answer (8 marks):

• Prepare Profit & Loss Account of a Banking Company
• Prepare Balance Sheet of a Bank as per Banking Regulation Act 1949
• Problems on calculation of provision for NPA (Standard, Substandard, Doubtful, Loss assets)

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🛡️ UNIT III: Insurance Company Accounts

Short Answer (5 marks):

• Distinguish Life Insurance from General Insurance
• Types of Insurance / Principles of Insurance

Long Answer (8 marks):

• Prepare Fire/Marine Revenue Account
• Prepare Revenue Account and Balance Sheet of a Life Insurance Company
• Problems on Life Assurance Fund calculation

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📊 UNIT IV: Consolidated Financial Statements

Short Answer (5 marks):

• Find Minority Interest
• Calculate Goodwill or Capital Reserve on acquisition

Long Answer (8 marks):

• Prepare Consolidated Balance Sheet of Holding & Subsidiary Company
• Problems involving inter-company transactions (bills payable, stock, fixed assets revaluation)

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📉 UNIT V: Liquidation of Companies

Short Answer (5 marks):

• Define Liquidation / Methods of Winding Up
• Order of Payment in Liquidation

Long Answer (8 marks):

• Prepare Liquidator's Final Statement of Account
• Problems on Liquidator's Remuneration (% on assets realised + % on amounts paid to unsecured creditors)
• Statement of Affairs and Statement of Deficiency/Surplus (List H)

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🔥 Most Repeated Topics

• Purchase Consideration
• Rebate on Bills Discounted
• NPA Provisioning
• Consolidated Balance Sheet
• Liquidator's Final Statement
• Life Insurance Revenue Account
• Fire Insurance Revenue Account

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📌 Study Strategy

• Practice 2–3 problems daily
• Focus on Units I, II, IV, V
• Revise formats before exam
• Write answers neatly

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⚠️ Disclaimer

This content is created for educational and informational purposes only. The questions listed are based on previous year trends and analysis and are not officially provided or guaranteed by the university. Students are advised to refer to their syllabus, textbooks, and official university materials for complete preparation.

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All the best for your exams! 🎯