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SYLLABUS

UNIT-I

COMPANY LIQUIDATION Meaning – Modes - Contributory Preferential Payments – Statements of Affairs – Liquidator’s Remuneration – Preparation of Liquidator’s Final Statement of Account (Including Problems).

UNIT-II

AMALGAMATION (AS-14) Amalgamation: In the nature of Merger and Purchase – Calculation of Purchase Consideration – Accounting Treatment in the Books of Transferor and Transferee Companies. (Including Problems).

UNIT-III

INTERNAL RECONSTRUCTION AND ACQUISITION OF BUSINESS Internal Reconstruction: Accounting Treatment – Preparation of Final Statement After Reconstruction – Acquisition of Business when new set of books are opened- Debtors and Creditors taken over on behalf of Vendors- When same set of books are continued (Including Problems).

UNIT-IV

ACCOUNTS OF BANKING COMPANIES Books and Registers maintained – Slip System of Posting – Rebate on Bills Discounted – Non-Performing Assets – Legal Provisions relating to Final Accounts – Final Accounts. (Including Problems).

UNIT-V

ACCOUNTS OF INSURANCE COMPANIES AND INSURANCE CLAIMS Introduction – Formats-Revenue Account – Net Revenue Account - Balance Sheet - Valuation Balance Sheet – Net Surplus – General Insurance - Preparation of Final Accounts with special reference to Fire and Marine Insurance - Insurance Claims- Meaning – Loss of Stock and Assets – Average Clause – Treatment of Abnormal Loss - Loss of Profit. (Including Problems).