LU B.Com Sem 3 Corporate Accounting Important Questions 2026 | PYQ & Previous Year Paper Pattern
LU B.Com 3rd Semester Corporate Accounting Important Questions 2026 – Lucknow University (LU) aur affiliated colleges ke B.Com NEP Semester III students ke liye Corporate Accounting (Major-A, Paper P5) ke sabse important questions, bilkul previous year question paper (PYQ) pattern me. Saare questions neeche page par hi hain – section-wise, English me, tables ke saath.
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Paper Details – B.Com Sem 3 Corporate Accounting (LU NEP 2026)
| University | University of Lucknow (LU) + affiliated colleges |
| Course | B.Com. III Semester (NEP) |
| Subject | Corporate Accounting (कॉर्पोरेट लेखांकन) |
| Paper | Major-A – Paper P5 |
| Time / Marks | 2 Hours / 75 Marks |
| Pattern | Section A: 1 question × 15 marks · Section B: 3 questions × 20 marks |
Important topics: Share Capital, Debentures & redemption, Bonus Shares, Preference Shares redemption, Amalgamation (AS-14), Internal Reconstruction aur Liquidation.
Section A – Important Questions (15 Marks)
Note: Section A se koi ek question attempt karna hai.
Q1. [15 Marks]
X Ltd. issued 10,000 equity shares of ₹ 10 each at a premium of ₹ 2 per share, payable as follows: ₹ 3 on application; ₹ 5 on allotment (including premium); ₹ 4 on first and final call. Applications were received for 14,000 shares. Applications for 2,000 shares were rejected and money refunded; the remaining applicants were allotted shares on pro-rata basis and excess application money was adjusted towards allotment. Mohan, who had applied for 360 shares, failed to pay the allotment and call money. His shares were forfeited and 200 of these shares were re-issued to Sohan @ ₹ 8 per share as fully paid. Pass necessary journal entries in the books of the company.
Q2. [15 Marks]
What do you mean by the term ‘Share’? State the types of shares which can be issued under the Companies Act, 2013. Also distinguish between Shares and Debentures.
👉 B.Com Sem III Course – ₹149
Q3. [15 Marks]
What do you understand by Amalgamation of companies? Describe its types as per AS-14. Discuss the merits and demerits of amalgamation.
Q4. [15 Marks]
What is Internal Reconstruction? Why is it needed? Explain the difference between Internal and External Reconstruction.
👉 B.Com Sem III Course – ₹149
Section B – Important Questions (20 Marks)
Note: Section B se koi teen questions attempt karne hain.
Q5. [20 Marks]
The following is the summarised Balance Sheet of Z Ltd. as on 31st March, 2026:
| Liabilities | ₹ | Assets | ₹ |
|---|---|---|---|
| Equity Share Capital (₹ 100 each) | 10,00,000 | Fixed Assets | 15,60,000 |
| 10% Redeemable Pref. Shares (₹ 100 each) | 5,00,000 | Bank Balance | 4,50,000 |
| Securities Premium | 40,000 | ||
| General Reserve | 3,00,000 | ||
| Profit & Loss A/c | 1,20,000 | ||
| Creditors | 50,000 | ||
| Total | 20,10,000 | Total | 20,10,000 |
The preference shares are to be redeemed at a premium of 10%. For this purpose the company issued 2,000 equity shares of ₹ 100 each at a premium of 10%. The premium on redemption is to be written off from Securities Premium Account. Pass necessary journal entries and prepare the Balance Sheet after redemption.
Q6. [20 Marks]
Y Ltd., an unlisted company, issued 10,000, 9% debentures of ₹ 100 each at par on 1st April, 2022, redeemable at a premium of 5% on 31st March, 2026. The company transferred the required amount (10% of the value of debentures) to Debenture Redemption Reserve and invested 15% of the debentures due for redemption in specified securities on 30th April, 2025. Pass journal entries for issue of debentures, creation of DRR, investment and redemption of debentures. Ignore interest on debentures.
👉 B.Com Sem III Course – ₹149
Q7. [20 Marks]
Explain with the help of journal entries how the Sinking Fund Method is used for redemption of debentures. Also state the other methods of redemption of debentures.
Q8. [20 Marks]
What are Bonus Shares? State the provisions of Section 63 of the Companies Act, 2013 regarding issue of bonus shares. Give journal entries for issue of fully paid bonus shares and for making partly paid shares fully paid.
👉 B.Com Sem III Course – ₹149
Q9. [20 Marks]
What is Purchase Consideration? Explain the various methods of calculating purchase consideration. A Ltd. is taken over by B Ltd. B Ltd. agrees to pay ₹ 20 in cash and to issue 2 equity shares of ₹ 10 each at ₹ 12 per share for every share of A Ltd. A Ltd. has 20,000 equity shares. Calculate the purchase consideration.
Q10. [20 Marks]
The Balance Sheet of P Ltd. as on 31st March, 2026 was as follows:
| Liabilities | ₹ | Assets | ₹ |
|---|---|---|---|
| Equity Share Capital (10,000 shares of ₹ 10 each) | 1,00,000 | Building | 60,000 |
| General Reserve | 20,000 | Machinery | 40,000 |
| Creditors | 30,000 | Stock | 25,000 |
| Debtors | 15,000 | ||
| Cash | 10,000 | ||
| Total | 1,50,000 | Total | 1,50,000 |
Q Ltd. absorbed P Ltd. by taking over all assets (except cash) and liabilities. The purchase consideration of ₹ 1,30,000 was discharged by issuing 10,000 equity shares of ₹ 10 each at ₹ 13 per share. Cash was distributed among the shareholders of P Ltd. Pass journal entries in the books of P Ltd. (Vendor) and Q Ltd. (Purchasing Company) and prepare Realisation Account.
👉 B.Com Sem III Course – ₹149
Q11. [20 Marks]
Distinguish between the ‘Pooling of Interests Method’ and the ‘Purchase Method’ of accounting for amalgamation. Also differentiate between Amalgamation, Absorption and External Reconstruction.
Q12. [20 Marks]
The Balance Sheet of R Ltd. as on 31st March, 2026 was as follows:
| Liabilities | ₹ | Assets | ₹ |
|---|---|---|---|
| 20,000 Equity Shares of ₹ 10 each | 2,00,000 | Goodwill | 40,000 |
| 1,000, 8% Pref. Shares of ₹ 100 each | 1,00,000 | Plant | 1,50,000 |
| Creditors | 60,000 | Stock | 50,000 |
| Debtors | 40,000 | ||
| Cash | 10,000 | ||
| Preliminary Expenses | 10,000 | ||
| Profit & Loss A/c (Dr.) | 60,000 | ||
| Total | 3,60,000 | Total | 3,60,000 |
The following scheme of internal reconstruction was approved: (i) Equity shares to be reduced to ₹ 4 each fully paid; (ii) Preference shares to be reduced to ₹ 80 each fully paid; (iii) Goodwill, Preliminary Expenses and debit balance of Profit & Loss Account to be written off;
(iv) Plant to be reduced by ₹ 30,000. Pass journal entries and prepare the revised Balance Sheet.
👉 B.Com Sem III Course – ₹149
Q13. [20 Marks]
What is meant by Reduction of Capital? Explain the various modes of reduction of share capital and give the journal entries passed for reduction. Also explain alteration of share capital under Section 61 of the Companies Act, 2013.
Q14. [20 Marks]
A company went into voluntary liquidation on 31st March, 2026. Its liabilities were: Share Capital — 10,000 equity shares of ₹ 10 each fully paid ₹ 1,00,000; 5% Debentures (secured by floating charge on all assets) ₹ 50,000; Preferential Creditors ₹ 10,000; Unsecured Creditors ₹ 80,000. The liquidator realised assets (including cash) ₹ 1,52,000. Liquidation expenses were ₹ 2,000. The liquidator is entitled to a remuneration of 2% on the amount realised and 3% on the amount paid to unsecured creditors. Prepare the Liquidator’s Final Statement of Account.
👉 B.Com Sem III Course – ₹149
Q15. [20 Marks]
What is a ‘Statement of Affairs’? Explain its format (Lists A to H) and the preparation of Deficiency Account with a suitable example.
Q16. [20 Marks]
Describe Preferential Creditors according to the Companies Act, 2013. State the order of payment by the liquidator in winding up. What are the different modes of winding up of a company?
👉 B.Com Sem III Course – ₹149
Q17. [20 Marks]
Write short notes on any two of the following: (a) Capital Redemption Reserve (b) Uses of Securities Premium (Section 52) (c) Calls-in-Arrears and Calls-in-Advance (d) Contributories — List A and List B [10+10=20]
Exam Tips – Corporate Accounting
- Pehle Section A ke theory questions ke short notes bana lo – 15 marks pakke karo.
- Section B ke numericals/long answers ki practice karo – har answer ka format yaad rakho.
- Upar ke questions ko PYQ ki tarah 2 ghante me solve karke dekho.
- Previous year pattern ke aur model sets: LU B.Com Sem 3 PYQ / Old Papers
👉 B.Com Sem III Course – ₹149
B.Com Sem 3 – Baaki Subjects ke Important Questions
- B.Com Sem 3 Statistical Methods Important Questions 2026
- B.Com Sem 3 Income Tax Law and Accounts Important Questions 2026
- B.Com Sem 3 Managing Human Resources Important Questions 2026
- B.Com Sem 3 Information System and E-Business Important Questions 2026
- B.Com 3rd Semester – All Subjects Important Questions 2026
FAQs
LU B.Com 3rd Semester Corporate Accounting exam me kitne questions attempt karne hote hain?
Corporate Accounting (Major-A, Paper P5) 75 marks ka 2 ghante ka paper hai. Section A se 1 question (15 marks) aur Section B se 3 questions (20-20 marks) attempt karne hote hain.
Kya ye LU B.Com Sem 3 Corporate Accounting ka official previous year question paper (PYQ) hai?
Nahi. Ye LUUPDATE team ka banaya 2026 exam ke liye most important questions ka set hai, jo Lucknow University ke previous year papers ke pattern aur NEP syllabus par based hai.
B.Com Sem 3 Corporate Accounting ke answers / solutions kahan milenge?
LUUPDATE ke B.Com NEP Sem III course me video classes, short notes aur important questions ke solutions milte hain – sirf ₹149 me, LUUPDATE App par.
B.Com Sem 3 exam 2026 kab se hai?
LUUPDATE ki jaankari ke anusaar B.Com Sem III & V exam 17 Nov 2026 se shuru ho rahe hain. Final date sheet University ki official website par check karein.
Disclaimer: Ye LUUPDATE team dwara taiyar kiye gaye expected important questions hain, Lucknow University ka official question paper nahi. Exam pattern aur syllabus ke liye university ka official notice zaroor dekhein.
