For any complaint/suggestion, please call on Mobile No In this edition. Free Online Analysis of Question Papers and Other Material

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2 For any complaint/suggestion, please call on Mobile No In this edition Questions June to December Duly incorporated in chapters. Solutions June to June Duly incorporated in chapters December as Appendix Free Online Analysis of Question Papers and Other Material 1. The code given below is your security code for free access service for CS Executive Programme Module- II Paper 5 - Company Accounts and Auditing Practices, for the period of six months. 2. To enjoy the scheme, log on to our website companion.sauda.com 3. Register for the scheme. 4. Your user ID and password will be sent to the address specified by you in the registration form. 5. The same mail will contain the link - Click here to complete the registration process. 6. Follow the link. 7. Successfully complete the form by specifying your security code and ISBN number of the book. 8. You will start enjoying service within 24 hours. i

3 Green Edition CS Executive Programme Module - II Paper 5 - Company Accounts and Auditing Practices (New Syllabus) Prof. Arun Kumar M.Com., D.Phil., AMT (AIMA), ISO Lead-Auditor (UK),CISA (USA) Professor, Motilal Nehru Institute of Research & Business Administration, University of Allahabad, Allahabad CS (Dr.) Himanshu Srivastava M.Com., D.Phil, UGC-NET, NSE (Certificate in Financial Market), LLB(P), ACS, Assistant Professor, Department of Commerce, S.S.N. College University of Delhi, Delhi ISO 9001: 2008 Certified Shuchita Prakashan (P) Ltd. 25/19, L.I.C. Colony, Tagore Town, Allahabad Visit us at : Price : ` ii

4 Information Solved Scanner is published in India by Shuchita Prakashan (P) Ltd. 25/19, L.I.C. Colony, Tagore Town, Allahabad Editor-in-chief : Mrs. Anjali 'Solved Scanner' is registered trade mark of Shuchita Prakashan (P) Ltd. Copyright of the content is exclusive property of the authors Prof. Arun Kumar & CS (Dr.) Himanshu Srivastava. Trade mark 'Scanner' is being lent to the content provided by the authors under exclusive arrangement for publication of the content by the owner of trade mark 'Shuchita Prakashan (P) Ltd'. Trade mark 'Scanner' cannot be used by any other person/organisation/agency with the content of this book or otherwise. First edition : January 2009 Twentieth edition : January 2015 "Scanner is a living document and is being updated after every examination since its inception" Every effort has been made to avoid errors or omissions in this publication. Inspite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to the notice to the publisher or authors which shall be taken care of in the next edition. It may however, be noted that neither the publisher nor the authors or seller will be responsible for any damage or loss of action to any one, of any kind, in any manner, therefrom. It is suggested that to avoid any doubt, the reader should cross-check all the facts, laws and contents of the publication with original publication or notification. No part of this book may be reproduced or copied in any form or by any means [graphic, electronic or m echanical, including photocopying, recording, taping, or information retrieval systems] or reproduced on any disc, tape, perforated media or other information storage device etc. without the written permission of the publisher. This book can be exported only by the publisher. Breach of this condition is liable for legal action. For binding mistake, misprints or for missing pages, the publisher s liability is limited to replacement within one month of purchase by similar edition or the next edition, if published and available. All expenses in this connection are to be borne by the purchaser. All disputes are subject to ALLAHABAD jurisdiction only. Published by : Shuchita Prakashan (P) Ltd. 25/19, L.I.C. Colony, Tagore Town, Allahabad Phone (0532) , sppl@shuchita.com, Visit us : Contact : For any complaint/suggestion, please contact Personal Secretary to the Director on Mobile No or to director@shuchita.com Laser Typeset at : Shuchita Prakashan (P) Ltd. Price : ` ISBN : To advertise in our Products, please contact Marketing Manager Ph: iii

5 Praise for Solved Scanner CS Executive Programme Module - II Solved Scanner is like a cup of tea for exams and without it we can t get success in minimum time. Roop Chand Kochar, Jodhpur Solved Scanner is the honest approach towards the requirements and acquaintances of the probable questions and important topics for preparation of the professional courses like CA or CS. It motivate the students to work harder in right direction with confidence and acts as a support and confidence booster. Sushil Kumar, Patna Solved Scanner is the best and the most important book for the preparation of any professional examination. According to my view, without the help of Solved Scanner, preparation by any student is incomplete. Solved Scanner and its contents make every student fully prepared for examinations. Manisha Singhania, Jaipur Solved Scanner is a helpful friend which tells us how to go through the syllabus and prepare well for examination. Ansh Sharma, Delhi iv

6 Preface to Solved Scanner It gives us great pleasure to present the Twentieth edition of Solved Scanner of Company Accounts and Auditing Practices for Company Secretary Executive students. This book covers all theoretical and practical aspects. It is our endeavour to make the book as much exhaustive as possible to make it useful to all students. We would also like to mention that the answers given in this book are the suggested answers. So the students are advised to keep the knowledge of various legal enactments and accounting norms. Our special thanks to our friends Mr. Kundan Pandey & Jayendra Dubey. We are also thankful to Ms. Arunima Shrivastava and other members of Shuchita Prakashan for helping us to complete this book. We welcome suggestions for improvement in our book. Best of Luck Prof. Arun Kumar CS (Dr.) Himanshu Srivastava v

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8 Dedicated To Dedicated to My Parents Shri J.P. Srivastava Smt. Chanda Srivastava wife Smt. Aneesha Srivastava and daughter Saanvi vii

9 ATTENTION RANK HOLDERS Congratulations!! Complimentary Books for Rank Holders /send the following details regarding you at the address given below for getting one free complimentary copy of Solved Scanner of your choice:- 1. Registration No. 2. Rank position with marks. 3. Name and full correspondence address with contact no. 4. Course passed - CA, CS & CMA. 5. Passing Year & Month. 6. Name of Solved Scanner/Text Book of your choice published by us. Note : Rank holders up to 30 th position are eligible Shuchita Prakashan (P) Ltd. 25/19, L.I.C. Colony, Tagore Town, Allahabad Phone : , Website : sppl@shuchita.com viii

10 Contents Paper 5 Company Accounts and Auditing Practices Chapter Name Page No. Study Material Based Contents 5.3 Syllabus 5.4 Bird's-Eye View 5.7 Line Chart Showing Relative Importance of Chapters 5.10 Table Showing Importance of Chapter on the Basis of Marks 5.11 Legends for the Graphs Share Capital Debentures Final Accounts of Companies Corporate Restructuring Consolidation of Accounts Valuation of Shares and Intangible Assets Liquidation of Company Corporate Financial Reporting Accounting Standards Auditing Concepts Types of Company Audit Internal Audit Internal Control Review of Internal Control Audit Engagement and Documentation Question Paper of December, Question Paper of June, Question Paper of December, ix

11 Solved Scanner CSEP Module-II Company Accounts and Auditing Practices Paper 5 Dec % OFF Publisher : Shuchita Prakashan ISBN : Author : Proff.Arun Kumar,CS (Dr.)Himanshu Srivastava Type the URL : Get this ebook