Bachelor of Commerce (General)
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CHOICE BASED CREDIT SYSTEM
BCOC – 137: CORPORATE ACCOUNTING
ASSIGNMENT
2026
Valid from 1st January 2026 to 31st December 2026
Fourth Semester
School of Management Studies
Indira Gandhi National Open University
Maidan Garhi, New Delhi -110068
BACHELOR OF COMMERCE (GENERAL)
CHOICE BASED CREDIT SYSTEM
BCOC – 137: CORPORATE ACCOUNTING
ASSIGNMENT: 2026
Dear Students,
As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this Course. The assignment has
been divided into three sections. Section A Consists of five questions for 10 marks each, Section B consists of five
questions for 6 marks each and Section C consists two questions for 10 marks each.
Assignment is given 30% weightage in the final assessment. To be eligible to appear in the Term-end examination, it is
compulsory for you to submit the assignment as per the schedule. Before attempting the assignments, you should carefully
read the instructions given in the Programme Guide.
1. Those students who are appearing in June 2026 exams. They have to submit the same latest by 15th March
2026.
2. Those students who are appearing in December 2026 Term End Examination they have to submit latest by
in 15th October 2026.
You have to submit the assignment of all the courses to the Coordinator of your Study Centre.
TUTOR MARKED ASSIGNMENT
COURSE CODE : BCOC – 137
COURSE TITLE : CORPORATE ACCOUNTING
ASSIGNMENT CODE : BCOC – 137/TMA/2026
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Note: Attempt all the questions.
Section – A
Q.1 What are the various methods of valuation of shares? Explain. (10)
Q.2 What is a non-banking financial institution? List the forms of business carried on by the (10)
NBFCs.
Q.3 What do you mean by Purchase Considerations? Explain the various methods for the (10)
calculating of purchase consideration.
Q.4 Can a company forfeit shares for non-payment of calls? If so, explain the procedure of (10)
share forfeiture.
Q.5 Explain the procedure of reducing share capital in case of internal reconstruction. (10)
Section – B
Q.6 How is Provision for taxation treated in books of Account? (6)
Q.7 Describe the factors affecting the value of goodwill. (6)
Q.8 Describe the circumstances of issue of Bonus Shares. (6)
Q.9 The following is the Balance Sheet of R Ltd. and M Ltd. as on 31st March, 2021 (6)
Liabilities R Ltd. M Ltd. Assets R Ltd. M Ltd.
(Rs.) (Rs.) (Rs.) (Rs.)
Share Sundry
Capital Assets 7,00,000 6,00,000
(Shares of 5,00,000 4,00,000 Investments 3,00,000 -------
Rs. 10 (In 100%
each) shares of M
Reserves 2,00,000 ------- Ltd.)
Creditors 3,00,000 2,00,000
10,00,000 6,00,000 10,00,000 6,00,000
Prepare a Consolidated Balance Sheet as on 31st March, 2021.
Q.10 Discuss the Minimum Paid up capital and Reserve to be maintained by the Banks. (6)
Section – C
Q.11 Using the Profit and Loss account and Balance Sheet given below, prepare Cash Flow (10)
Statement both under direct and indirect method:
(a) Profit and Loss Account for the year ended 31st March, 2021
(Rs. in Thousands)
Year 2020-21 Year 2019-20
Sales 111780 98050
Other Income 390 220
Cost of Goods sold 41954 39010
Selling and Distribution Expenses 16178 12500
Profit Before Tax 54038 46760
Less Income Tax 21615 18704
Profit After Tax 32423 28056
(b) Balance Sheet as on 31st March, 2021
(Rs. In thousands)
Liabilities and Shareholder Equity As on 31-3-21 As on 31-3-20
Equity Share Capital 180000 180000
Retained Earnings 134045 101622
Current Liabilities
Accounts Payable 3526 4330
Income Tax Payable 21615 -----
Dividend Payable ---- 25000
Total Liabilities 339186 310952
Assets
Fixed Assets 393000 (370000)
Less: Depreciation 92400 (90000) 300600 280000
Current Assets
Cash 6380 6000
Accounts Receivable: 20064
Less: Provision — 972 19092 23568
Inventory : Raw Materials 516 636
Finished Good 598 748
Investments 12000 ----
Total Assets 339186 310952
Q.12 Write short notes on any two of the following: (2x5=10)
a) Amalgamation
b) Miscellaneous Expenditure
c) Bank Overdraft
d) Partly Owned Subsidiary companies
