1. Jaggu Ltd. secured a contract worth ₹95 Lakhs for constructing a building. By 31st March 2017, ₹22 Lakhs had been spent, with an estimated ₹58 Lakhs needed for completion. A progress payment of ₹18 Lakhs was received. What is the degree of completion?
2. In an amalgamation treated as a purchase, the following figures are given: Fixed Assets: ₹25,60,000; Current Assets: ₹12,50,000; Total Debts: ₹11,30,000; Debit balance of P&L: ₹2,20,000; and Purchase Consideration: ₹24,00,000. What is the Capital Reserve or Goodwill amount?
3. Chandra Ltd. purchased a machine for ₹65 Lakhs on 1st July 2014, with a lifespan of 5 years and a salvage value of ₹7 Lakhs. As of 31st March 2017, the present value of future cash flows is ₹28 Lakhs, and the net selling price is ₹25 Lakhs. What is the impairment loss?
4. Roshan Ltd. agreed to acquire Richa Ltd. Richa Ltd.'s 5,000 preference shares (9%) are valued at ₹124.50 each, and 65,000 equity shares are valued at ₹32 each. If Roshan Ltd. settles this by issuing ₹10 equity shares valued intrinsically at ₹46 each, how many equity shares are issued?
5. Upon B Ltd.'s absorption by A Ltd., trade receivables recorded were ₹35 Lakhs and ₹18 Lakhs, respectively. Trade payables of B Ltd. included ₹4.5 Lakhs payable to A Ltd. What will be the trade receivables in A Ltd.'s Balance Sheet?
6. X Ltd. owns 69% of Y Ltd., and Y Ltd. owns 51% of W Ltd., while Z Ltd. holds 49% of W Ltd. As per AS 18, which entities are related parties?
7. Peeru Ltd. acquired 80% of Pimo Ltd. on 1st April 2016. On 31st March 2017, stock worth ₹65,000 from Peeru Ltd. was in Pimo Ltd.'s inventory. Peeru Ltd. made a 25% profit on cost. What is the unrealized profit on stock in the consolidated Balance Sheet?
8. Nikku Ltd., a Non-Banking Finance Company, made a provision of ₹248 Lakhs for advances as of 31st March 2017. The sub-standard assets, doubtful up to one year, and one to three years were ₹910 Lakhs, ₹150 Lakhs, and ₹210 Lakhs, respectively. What is the amount of doubtful assets beyond three years?
9. A company's net assets available for shareholders amount to ₹1450 Lakhs, with an equity share capital of 60 Lakh shares at ₹10 each. The average dividend per share is ₹3.20, and the normal dividend rate is 10%. What is the fair value per share?
10. The Public Accounts Committee comprises elected members from Lok Sabha and Rajya Sabha. What is the maximum number of members allowed?