SS30Accountancy
No. of Questions 30 No. of Printed Pages 15
C _mÜ`{_H$ narjm
,2018
SENIOR SECONDARY EXAMINATION, 2018
boImemó
ACCOUNTANCY
g_`
: 3¼KÊQ>o nyUmªH$
: 80narjm{W©`m| Ho$ {bE gm_mÝ` {ZX}e
GENERAL INSTRUCTIONS TO THE EXAMINEES : 1) narjmWu gd©àW_ AnZo àíZ nÌ na Zm_m§H$ A{Zdm`©V {bI| &
Candidate must write first his / her Roll No. on the question paper compulsorily.
2) g^r àíZ A{Zdm`© h¢ &
All the questions are compulsory.
3) àË`oH$ àíZ H$m CÎma Xr JB© CÎma-nwpñVH$m _| hr {bI| &
Write the answer to each question in the given answer-book only.
4) {OZ àíZm| _| AmÝV[aH$ IÊS> h¢, CZ g^r Ho$ CÎma EH$ gmW hr {bI|&
For questions having more than one part, the answers to those parts are to be written together in continuity.
5) àíZ nÌ Ho$ {hÝXr d A§Jo«Or énmÝVa _| {H$gr àH$ma H$s Ìw{Q> / AÝVa / {damoYm^mg hmoZo na {hÝXr ^mfm Ho$ àíZ H$mo hr ghr mZ|&
If there is any error/difference/contradiction in Hindi & English versions of the question paper, the question of Hindi version should be treated valid.
TEAR HERE TO OPEN THE QUESTION PAPERTear HereàíZ nÌ H$mo ImobZo Ho$ {bE `hm± \$mS>| `hm± go H$m{Q>E
Roll No.
Zm_m§H$
Sl.No. :
6) i) `h àíZ nÌ Xmo IÊS>m| _| {d^º$ h¡ - A Am¡a ~&
ii) IÊS> "A' g^r N>mÌm| Ho$ {bE A{Zdm`© h¡&
iii) IÊS> "~' Ho$ Xmo ^mJ h¢, àË`oH$ ^mJ _| gmV àíZ h¢& narjmWu H$mo {H$gr EH$ ^mJ Ho$ g^r gmV àíZm| H$mo hb H$aZm h¡&
i) This question paper contains two Sections - A and B.
ii) Section 'A' is compulsory for all candidates.
iii) Section 'B' has two portions. Every portion has a set of seven questions.
Candidate can attempt only a set of seven questions of any one portion.
7) IÊS> àíZ g§»`m A§H$ àË`oH$ àíZ
A 1-8 1
9-14 2
15-21 4
22-23 6
~ 24-25 1
26-27 2
28-29 4
30 6
24-25 AWdm 1
26-27 2
28-29 4
30 6
Section Q. Nos. Marks per question
A 1-8 1
9-14 2
15-21 4
22-23 6
B 24-25 1
26-27 2
28-29 4
30 6
OR
24-25 1
26-27 2
28-29 4
30 6
8) àíZ g§»`m 22 (IÊS>-A) VWm 30 (IÊS>-~) _| AmÝV[aH$ {dH$ën h¢&
There are internal choices in Q. No. 22 (Section-A) and Q. No. 30 (Section-B).
IÊS> - A
SECTION - A
1) EH$ $© | gmPoXmam| H$s A{YH$V gXñ¶m| H$s grm ³¶m h¡? [1]
What is maximum limit on number of partners in a firm?
2) gmPoXma H$s {Zd¥{V Ho$ g¶ nwñVH$m| | ßbmÝQ> 50,000 J na {XIm¶m J¶m h¢ BgH$m yë¶ 5,000 J go ~T>mZm h¡& Bg gå~ÝY | boIm à{d{îQ> H$s{O¶o& [1]
At the time of retirement of a partner plant is shown in the books at J 50,000. It is increased by J 5,000. Prepare Journal entry for it.
3) gmPoXma H$s {Zd¥{V na g§¶wº$ ~rm n°m{bgr ImVm {MÆ>o | {H$g yë¶ na {XIm¶m OmVm h¢& O~ gmPoXma
Bgo {MÆ>o | {XImZo H$m {ZíM¶ H$aVo h¢& [1]
At the time of retirement of a partner, at which value Joint life policy account is shown in Balance Sheet. When partners decide to show it in the books.
4) {H$gr boIm df© Ho$ ܶ gmPoXma H$s ¥Ë¶w H$s {V{W VH$ CgHo$ bm^m| | {hñgo H$s JUZm H$aZo H$s
{d{Y¶m| Ho$ Zm {bImo& [1]
Write down the name of methods from which share of profit of a deceased partner is calculated during the accounting year upto the date of the death of a partner.
5) gmnZ na nwñVH$m| | Zht {XIm¶o J¶o Xm{¶Ëd H$m ^wJVmZ nwñVH$m| | Zhr {XImB© JB© gån{V go H$aZo
na ~ZmB© OmZo dmbr à{d{îQ> {b{I¶o& [1]
At the time of dissolution, a liability which is not shown in the books is settled by asset, which is not shown in the books, write entry which is made for it?
6) gm[aUr E$ bmJy hmoZo na A{J« àmßV m§J na {X¶o OmZo dmbo ã¶mO H$r Xa {b{I¶o& [1]
Write down the rate of interest, which is given on calls-in-advance, when Table - F applies.
7) 100 J dmbo EH$ 12% F$UnÌ H$m {ZJ©Z 110 J na {H$¶m J¶m {OgH$m emoYZ 120 J na {H$¶m OmZm h¢& F$UnÌ {ZJ©Z H$s EH$ à{d{îQ> ~ZmB¶o& ({ddaU H$s Amdí¶H$Vm Zht) [1]
One 12% Debenture of J 100 is issued at J 110, which is redeemable at J 120.
Make a Journal entry for issue of debenture. (Narration is not required).
8) ¶{X à˶oH$ gh gmhgr AnZo hr boIo {bIVm h¡ Vmo EH$ gh-gmhgr Ûmam CYma mb ~oMZo na àmßV {~b H$mo ~¢H$ go ^wZmZo na {X¶o OmZo dmbo ~Å>o H$mo dh AnZr nwñVH$m| | {H$g ImVo | {XIm¶oJm?>[1]
A co-venturer sold the goods on credit and received a bill, which is discounted by bank, in which account he will show the discount on bill charged by the bank in his books. When each venturer incorporates his own transactions.
9) E d ~r 3:2 | bm^ ~m±Q>Vo hþE gmPoXma h¡& gr H$mo bm^m| | ¼ ^mJ Ho$ {bE àdoe XoVo g¶ H$©Mmar j{V ny{V© g§M¶ H$m eof 10,000 J Xm{¶Ëd nj | {XIm¶m hþAm h¢& àdoe Ho$ g¶ H$s OmZo dmbr boIm§H$Z à{d{îQ> H$s{O¶o, ¶{X Bg gå~ÝY | Aݶ H$moB© gyMZm Zht Xr hmo& ({ddaU H$s Amdí¶H$Vm
Zht) [2]
A and B are partners sharing profit in the ratio of 3:2. At the time of admission of C for ¼ share, worksmen compensation reserve account is shown for J 10,000 in liability side. Give the accounting entry for it, at the time of admission, if no other information is given. (Narration is not required)
10) g§¶w³V gmhg Ed§ gmPoXmar | H$moB© Mma AÝVa {b{I¶o& [2]
Write down any four differences between joint venture and partnership.
11) ~rOH$ yë¶ na mb H$m àofU H$aZo na, ~rOH$ yë¶ | em{b bm^ Ho$ à^md H$mo gmßV H$aZo Ho$
{bE àofH$ H$s nwñVH$ | ~ZmB© OmZo dmbr Mma g¶moOZ à{d{îQ>¶m Xr{O¶o& ({ddaU H$s Amdí¶H$Vm
Zht) [2]
When goods are consigned at invoice price, give four journal entries which is shown in the books of consigner to abolish the effect of profit element in invoice price. (Narration is not required)
12) E Zo 60,000 J Ho$ ~rOH$ yë¶ H$m mb àofU {H$¶m& àofUr Zo Bg| go AmYm mb 30,000 J |
VWm eof mb 40,000 J | ~oM {X¶m& dh 5% gmmݶ H$reZ d 20% A{Y^mdr H$reZ àmßV H$aZo H$m A{YH$mar h¢& gmmݶ d A{Y^mdr H$reZ H$s amer H$s JUZm H$amo& [2]
A consigned goods of J 60,000 at invoice price. Consignee sold half of goods at J 30,000 and remaining goods for J 40,000. He is entitled 5% general commission and 20% over-riding commission. Calculate the amount of general and over-riding commission.
13) àm{ßV d ^wJVmZ ImVm ~ZmVo g¶ {ZåZm§{H$V Xm| H$mo Bg ImVo | H$hm± na {XIm¶m Om¶oJm [2]
1) Mmby df© H$m ~H$m¶m doVZ 2) ñWm¶r gån{V H$s {~H«$s na am{e 3) nwñVH$ IarX ZJX
4) Mmby df© | {d{Z¶moJ na A{O©V ã¶mO Omo ~H$m¶m h¢&
While preparing Receipts and Payments Account, where the following items are shown in this account:
1) Current year's outstanding salaries 2) Amount received on sale of fixed assets 3) Books purchased in cash
4) Interest earned on investment during year, which is still due.
14) Am¶-춶 ImVm d {MÆ>m ~ZmVo g¶ {ZåZm§{H$V Xm| H$mo H$hm± na {XIm¶m Om¶oJm > [2]
1) dgr¶V go àm{ßV 2) àdoe ewëH$
While preparing Income and Expenditure Account and Balance Sheet, where the following items will be shown:
1) Legacies 2) Entrance fees
15) apí d {nÝQw> H«$e 50,000 J d 30,000 J H$s ny±Or Ho$ gmW gmPoXma h¢& {ZåZ na {dMma H$aZo go nyd© $© H$m bm^ 49,200 J 31 mM© 2017 H$mo gmßV df© Ho$ {bE Wm& [4]
i) ny±Or na 5% dm{f©H$ Xa go ã¶mO {X¶m OmZm h¢&
ii) apí H$mo {dH«$¶ na 2% H$reZ {X¶m OmZm h¡, {dH«$¶ 2,00,000 J h¢&
iii) {nÝQw> H$mo {dVaU ¶mo½¶ bm^ H$m 10% H${eZ (Bg H${eZ d g§M¶ go nyd©) {X¶m OmZm h¢&
iv) ¶h {ZU©¶ {H$¶m J¶m {H$ {d^mOZ ¶mo½¶ bm^ H$m 10% g§M¶ | AÝV[aV {H$¶m Omdo&
v) apí Zo $© H$mo 20,000 J F$U {XZm§H$ 1.4.2016 H$mo {X¶m h¡& bm^-hm{Z ImVm (¶{X Amdí¶H$ hmo) VWm bm^-hm{Z {Z¶moOZ ImVm 31 mM© 2017 H$mo gmßV hmoZo dmbo df© Ho$ {bE
~ZmB¶o&
Rashmi and Pintu are partners with capital of J 50,000 and J 30,000. The profit for the year ended 31st March 2017 amounted to J 49,200 before considering the following :
i) Interest on capital is to be allowed @ 5% p.a.
ii) Rashmi is allowed 2% commission on sales, sales was J 2,00,000.
iii) Pintu is allowed commission @ 10% on divisible profits (before charging his commission and reserve).
iv) It is decided to transfer 10% of divisible profit to Reserve Account.
v) Rashmi had advanced a loan of J 20,000 to firm on 1.4.2016. Prepare Profit and Loss Account (if necessary) and Profit and Loss Appropriation Account for the year ending 31st March, 2017.
16) nr, ³¶y d Ama EH$ $© | 2:2:1 | bm^ ~m§Q>Vo hþE gmPoXma h¡ $© Zo g^r gmPoXmam| Ho$ OrdZ na EH$ g§¶w³V OrdZ ~rm n°m{bgr 1,00,000 J H$s, {XZm§H$ 1.4.2013 H$mo br& n°m{bgr H$m gn©U
yë¶ Bg àH$ma h¢ 31.3.2014 H$mo eyݶ, 31.3.2015 H$mo 3,000 J,31.3.2016 H$mo 8,000 J Ed§ 31.3.2017 H$mo 10,000 J & $© 7,000 Jdm{f©H$ àr{¶ à{Vdf© 1 Aàob H$mo MwH$mVr h¢¡&
¶{X àr{¶ H$mo {d{Z¶moJ mZm OmVm h¢ VWm ³¶w H$s ¥Ë¶w 1.7.2017 H$mo hmo JB©& g^r dfm] Ho$ {bE
g§¶w³V ~rm n°m{bgr ImVm ~ZmB¶o& [4]
P, Q and R are the partners in a firm sharing profit in the ratio of 2:2:1. The firm had taken a Joint life policy for J 1,00,000 on the lives of all the partners on 1.4.2013. The Surrender value of policy is as under: on 31.3.2014 Nil ; 31.3.2015 J 3,000; 31.3.2016 J 8,000 and on 31.3.2017 J 10,000. The firm pays J 7,000 annual premium every year on 1st April. If premium is treated as investment and Q died on 1.7.2017. Prepare Joint Life Policy Account for all the years.
17) Ama, Eg d Q>r EH$ $© | gmPoXma h¢& 31 mM© 2017 H$mo $© H$m {MÆ>m {ZåZ àH$ma h¡ [4]
{MÆ>m 31 mM© 2017 H$mo
Xm{¶Ëd am{e(J) gån{V¶m± am{e(J)
ny±Or Ama 20,000 {d{dY gån{V¶m§ 1,00,000
Eg 20,000 ny±Or Q>r 3,000
boZXma 63,000
1,03,000 1,03,000
31 mM© 2017 H$mo Q>r Ho$ {Xdm{b¶m hmoZo na $© H$m gmnZ H$a {X¶m J¶m& Q>r go Hw$N> ^r dgyb Z hmo gH$m& $© H$s gån{V¶m| go 40,000 Jdgyb hþE& JmZ©a ~Zm ao {Z¶ bmJy hmoZo na gmnZ na Amdí¶H$ ImVo ~ZmB¶o& dgybr H$s hm{Z gmPoXma ZJX Zht bmVo h¢&
R, S and T are Partners in a firm. Balance Sheet as on 31st March 2017 of the firm is as follows:
Balance Sheet on 31st March, 2017
Liabilities Amount Assets Amount
J J
Capital : R 20,000 Sundry Assets 1,00,000
S 20,000 Capital: T 3,000
Creditors 63,000
1,03,000 1,03,000
The firm is dissolved on 31st March, 2017, due to T became insolvent. None is realised from T. J 40,000 is realised from the assets of the firm. Prepare necessary accounts on dissolution, when Garner vs. Murry rule applies. Loss on realisation is not brought in cash by the partners.
18) EH$ H$ånZr Ho$ Am{W©H$ {MÆo | {ZåZ{b{IV Xm| H$mo Amn {H$Z erf©H$ d Cn erf©H$m§o Ho$ AÝVJ©V
{XIm¶oJ|& [4]
1) A¶m{MV bm^m§e 2) à{V^y{V àr{¶
3) àñVm{dV bm^m§e 4) ñdrH¥${V¶m±
5) F$UnÌ
6) A{J« m§J
7) H$a Ho$ {bE Am¶moOZ 8) nyd©XÎm ~rm
Under which head and sub-head will you show the following items in the Balance Sheet of a company?
1) Unclaimed dividend 2) Securities Premium 3) Proposed dividend 4) Acceptances
5) Debentures
6) Calls-in-Advance 7) Provision for tax 8) Prepaid Insurance
19) "Ho$' d "dr' mb Ho$ H«$¶ {dH«$¶ Ho$ {bE g§¶w³V gmhg | àdoe H$aVo h¡ VWm bm^ ~am~a-~am~a ~m§Q>Vo h¢& "Ho$' Zo 40,000 JH$m mb IarXm& "dr' Zo ^r 60,000 J H$m mb IarXm& "Ho$' Zo Hw$N> mb 45,000 J | "dr' Zo Hw$N> mb 70,000 J | ~oMm& eof mb "Ho$' Zo 8,000 J | bo {b¶m& à˶oH$
gmhgr Ho$db ñd¶§ Ho$ boIo aIVm h¢& XmoZm| ghm{g¶m| {H$ nwñVH$m| | Amdí¶H$ ImVo ~ZmB¶o VWm g§¶w³V gmhg ì¶dhmam| Ho$ bm^-hm{Z H$s JUZm hoVw ^r Amdí¶H$ ImVm ~ZmB¶o& [4]
'K' and 'V' entered into joint venture to purchase and sales of goods, sharing profit in equal ratio. 'K' purchase goods for J 40,000. 'V' also purchased goods for J 60,000. 'K' sold part of goods for J 45,000 and 'V' sold part of goods for J 70,000. Remaining goods is taken by 'K' for J 8,000. Each venturer records his own transactions only. Prepare necessary accounts in the books of both venturers and also prepare necessary account to calculate the profit and loss of Joint venture transactions.
20) H$aU Zo 100 gmB©{H$b| ñdrQ>r H$mo 2,000 J à{V gmB©{H$b Ho$ yë¶ na àofU na ^oOr& mJ© | 10 gmB©{H$b| XþK©Q>Zm J«ñV hmo JB© VWm H«$¶ yë¶ H$m ¼ BZgo dgyb hþAm& àofH$s Zo 70 gmB©{H$b| 2,500 J à{V gmB©{H$b H$s Xa go ~oM Xr VWm mb àmßV hmoZo na 1,800 JMy§Jr Ho$ d 2,000 J {dH«$¶
춶 MwH$m¶o& ~rm H$ånZr go hm{Z Ho$ 10,000 Jdgyb hþE& Agmmݶ hm{Z d {~Zm {~Ho$ ñQ>m°H$ H$m
yë¶m§H$Z H$s{O¶o& àofH$ Zo 5,000 J àofU 춶 Ho$ MwH$m¶o& [4]
Karan sent 100 cycles to Sweeti @ J 2,000 per cycle on consignment. On the way 10 cycles are destroyed and ¼ of the purchase price is received from them.
Consignee sold 70 cycles @ J 2,500 per cycle and paid octroi J 1,800 and selling expenses J 2,000 after receiving the goods. J 10,000 is realised from insurance company for loss. Calculate value of abnormal loss and unsold stock.
Consigner paid J 5,000 for consignment expenses.
21) {ZåZm§{H$V gyMZmAm| go 31 mM© 2017 H$mo gmßV hmoZo dmbo df© Ho$ Am¶-춶 ImVo d Cg {XZ H$mo
~Zm¶o OmZo dmbo {MÆ>o | Iob gå~ÝYr gyMZmAm| H$mo Xem©B¶o& [4]
àmapå^H$ Iob H$mof 3,00,000J
12% Iob H$mof {d{Z¶moJ (àmapå^H$) 1,50,000
df© Ho$ Xm¡amZ Iob na {H$¶o J¶o 춶 1,00,000
df© Ho$ Xm¡amZ Iob H$m¶m] Ho$ {bE àmßV XmZ 40,000
df© Ho$ ApÝV {XZ 1,00,000 J yë¶ H$s Q>o{~b
Q>o{Zg H$s Q>o~b XmZ | àmá H$s -
H$mof {d{Z¶moJ na àmßV ã¶mO 15,000
Q>o{~b Q>o{Zg Q>o~b na yë¶ õmg Xa 10% dm{f©H$ h¢& -
From the following information, calculate the amount which will be shown in Income and Expenditure Account for the year ending 31st March 2017 and in Balance Sheet on that date for sports events.
J
Opening Games fund 3,00,000
12% Games fund Investment (opening) 1,50,000 Expenses on games during the year 1,00,000 Donation received for games during the year 40,000 On the last date of the year a table for Table -
Tennis received as donation worth J 1,00,000 - Interest received from fund Investment 15,000 Depreciation is allowed @ 10% per annum on
the value of table of Table Tennis -
22) E d ~r 2:1 Ho$ AZwnmV | bm^ ~m§Q>Vo h¢& 31 mM© 2017 H$m {MÆ>m {ZåZ àH$ma h¢ - [6]
{MÆ>m 31 mM© 2017 H$mo
Xm{¶Ëd am{e(J) gån{V¶m± am{e (J)
boZXma 21,000 ~¢H$ 10,000
gmmݶ g§M¶ 9,000 XoZXma 30,000
ny±Or A 40,000 ñQ>m°H$ 20,000
~ 30,000 70,000 ^dZ 30,000
EH$ñd 10,000
1,00,000 1,00,000
1 Aàob 2017 H$mo gr H$mo gmPoXmar | gpå{bV {H$¶m J¶m& Z¶m bm^ {d^mOZ AZwnmV 3 : 2 : 1 hmoJm& {ZåZm§{H$V gm¶moOZm| Ho$ ~mX gr $© | AnZo {hñgo Ho$ AZwgma ny±Or ZJX bmVm h¢&
1) gr »¶m{V Ho$ {bE 10,000 J ZJX bmVm h¡&
2) ^dZ H$m yë¶ 35,000 J Am§H$m J¶m&
3) nwamZm Q>mB©namB©Q>a {OgH$m yë¶ 2,000 J h¢ nwñVH$m| | Zht {bIm h¡ Bgo A~ nwñVH$m| | {bIZm h¢&
4) EH$ñd H$m yë¶ eyݶ h¢&
nwZ©yë¶m§H$Z ImVm, nw±Or ImVo d ZB© $© H$m {MÆ>m ~ZmB¶o&
E³g, dmB© VWm OoS> 3 : 2 : 1 Ho$ AZwnmV | bm^ ~m§Q>Vo h¡& AWdm 31 mM© 2017 H$m {MÆ>m {ZåZmZwgma h¡ - {MÆ>m 31 mM© 2017 H$mo [6]
Xm{¶Ëd am{e(J) gån{V¶m± am{e (J)
boZXma 12,000 ~¢H$ | amoH$S> 10,000
ny±Or E³g 38,000 XoZXma 20,000
dmB© 30,000 ñQ>m°H$ 30,000
OoS> 20,000 88,000 erZar 40,000
1,00,000 1,00,000
Bg {V{W H$mo OoS> AdH$me J«hU H$aVm h¢& eof gmPoXmam| H$m Z¶m AZwnmV 5 : 4 hmoJm& {ZåZm§{H$V eV}
V¶ hþB©
1) erZar H$m yë¶ 10% KQ>m¶m Omdo&
2) ñQ>m°H$ 28,000 J VH$ H$ {H$¶m Omdo&
3) E³g VWm dmB© Zo {ZU©¶ {b¶m {H$ CZH$s ny±Or CZHo$ Z¶o bm^ {d^mOZ AZwnmV | hmoJr BgHo$
{bE gmPoXma ZJX bm¶|Jo AWdm bo Om¶|Jo&
4) $© H$s »¶m{V H$m yë¶m§H$Z 54,000 J {H$¶m J¶m VWm {~Zm »¶m{V ImVm Imobo »¶m{V H$m gm¶moOZ H$aZm h¢&
5) OoS> H$mo AdH$me J«hU na 8,000 J ZJX {X¶o J¶o eof am{e CgHo$ F$U ImVo | hñVmÝV[aV H$s JB©&
Cnamo³V gyMZmAm| go nwZ© yë¶m§H$Z ImVm, ny±Or ImVo d Z¶m {MÆ>m ~ZmB¶o&
A and B are sharing profit in the ratio of 2:1. The Balance Sheet as on 31st March, 2017 is as follows:
Balance Sheet as on 31st March, 2017
Liabilities Amount Assets Amount
J J
Creditors 21,000 Bank 10,000
General Reserve 9,000 Debtors 30,000
Capital: A 40,000 Stock 20,000
B 30,000 70,000 Building 30,000
Patents 10,000
1,00,000 1,00,000
They admitted C into partnership on 1st April, 2017. New profit sharing ratio will be 3 : 2 : 1. C brings in proportionate capital after the following adjustments:
1) C brings J 10,000 in cash as his share of Goodwill.
2) Building is valued at J 35,000.
3) There is an old typewriter valued J 2,000. It does not appears in the books of the firm. It is now to be recorded.
4) Patents are valueless.
Prepare Revaluation Account, Partners Capital A/c and the Balance Sheet of new form.
OR
x, y and z sharing profits in the ratio of 3 : 2 : 1. The Balance Sheet as on 31st March, 2017 is as follows:
Balance Sheet as on 31st March, 2017
Liabilities Amount Assets Amount
J J
Creditors 12,000 Cash at Bank 10,000
Capital x 38,000 Debtors 20,000
y 30,000 Stock 30,000
z 20,000 88,000 Machinery 40,000
1,00,000 1,00,000
z retires on the above date and the new profit sharing ratio between remaining partners will be 5:4. Following terms were agreed:
1) Machinery be reduced by 10%.
2) Stock is reduced to J 28,000.
3) x and y agreed that their capitals will be adjusted in their new profit sharing ratio, by bringing in or paying cash to the partners.
4) Goodwill of the firm be valued at J 54,000 and adjustment in this respect be made without raising Goodwill A/c.
5) z is paid J 8,000 on the date of retirement in cash and the remaining amount is transferred to his loan account.
From the above information, prepare Revaluation Account, Capital Accounts and new Balance Sheet.
23) Ama {b. Zo 20,000 gVm A§e 100J dmbo 120J à{V A§e na Omar {H$¶o& ^wJVmZ Bg àH$ma Xo¶
h¡ AmdoXZ na 10J à{V A§e, ~§Q>Z na 40J à{V A§e({à{¶ g{hV), eof àW d ApÝV m§J na&
AmdoXZ na àmßV Am{Y d¶ am{e H$m à¶moJ ~§Q>Z d àW d ApÝV m§J na Xo¶ am{e¶m| Ho$ {bE {H$¶m OmVm h¢& ¶{X H$moB© Am~§Q>Z Zht {H$¶m h¢ Vmo gñV am{e bm¡Q>mZr h¢&
33,000 A§emo Ho$ {b¶o AmdoXZ àmßV hþE& 12,000 A§emo Ho$ AmdoXH$m| H$mo 2,000 A§e Am§~{Q>V {H$¶o, 3,000 A§emo Ho$ AmdoXH$m| H$mo nyar am{e bm¡¡Q>mB© JB© eof AmdoXH$m§o H$mo nyU© ~§Q>Z {H$¶m J¶m&
gñV Xo¶ am{e¶m§ ¶Wm g¶ àmá hmo JB©&
Cnamo³V ì¶dhmam| Ho$ {bE H$ånZr H$s nwñVH$m| | g^r à{V{îQ>¶m§ H$s{O¶o& ({ddaU H$s Amdí¶H$Vm
Zht) [6]
R Ltd. issued 20,000 equity shares of J 100 each at J 120 per share. Amount is payable : on application J 10 per share, on allotment J 40 per share (including premium) remaining with first and final call.
Overpayments on application were to be applied towards sums due on allotment and first and final call. Where no allotment was made, money was to be refunded in full.
Application for 33,000 shares were received. Applicants for 12,000 shares were alloted only 2,000 shares and applicants for 3,000 shares was refunded their amounts in full. Full allotment was made to remaining applicants. All the money due was received in full within time.
Make all the journal entries to record the above transactions in the books of company. (Narration is not required)
IÊS> - ~
SECTION - B
IÊS> ~ Ho$ Xmo ^mJ h¡, àË`oH$ ^mJ _o§ gmV àíZ h¡ narjm{W©`m| H$mo {H$gr EH$ ^mJ Ho$ gmV àíZmo H$mo hb H$aZm h¡&
Section B has two portions. Every portion has a set of seven questions. Candidate can attempt any set of seven questions of any one portion.
24) j¡{VO d bå~dV {díbofU | H$moB© Xmo AÝVa {bImo& [1]
State any two differences between Horizontal analysis and Vertical analysis.
25) ¶{X Mmby Xm{¶Ëd 1,50,000 J h¡& VWm Mmby AZwnmV 3:1 hmo Vmo Mmby gån{V¶m§ kmV H$amo& [1]
If current liabilities J 1,50,000 and current ratio is 3:1, then calculate current assets.
26) n[aMmbZ go Am¶ H$s gyMZm {ZåZmZwgma h¢ df© 2012-13 H$mo AmYma mZVo hþE df© 2016-17 VH$
hþE n[adV©Zm| Ho$ mnZ hoVw àd¥{V à{VeV kmV H$amo [2]
(bmImo J |)
df© 2012-13 2013-14 2014-15 2015-16 2016-17
n[aMmbZ go
Am¶ 20 22 25 28 30
Following are the information with regard to revenue from operations. Taking base 2012-13, upto 2016-17 calculate trend percentage for measuring the changes.
(J in Lakhs)
Year 2012-13 2013-14 2014-15 2015-16 2016-17
Revenue from
operations 20 22 25 28 30
27) E³g {b. H$s nwñVH$m§o go 31 mM© 2017 H$mo {ZåZ eof {b¶o J¶o ì¶mnm[aH$ àm߶ AmdV© AZwnmV kmV H$amo
g§MmbZ go Hw$b gH$b AmJ J 2,00,000; g§MmbZ go ZJX AmJ J 30,000; g§MmbZ go AmJ
dmngr J 10,000; àm. XoZXma J 50,000; ApÝV XoZXma 30,000 J& [2]
The following balances are extracted from the books of x Ltd. on 31st March, 2017. Calculate Trade receivables Turnover ratio. Total gross revenue from operations J 2,00,000; cash revenue from operations J 30,000; Revenue from operations return J 10,000; opening debtors J 50,000 ; closing debtors J 30,000.
28) gr {b. Ho$ 31 mM© 2016 d 2017 H$mo gmßV hmooZo dmbo df© Ho$ Am¶ {ddaU (bm^-hm{Z {ddaU)
ZrMo {X¶o J¶o h¡& gmZmH$ma Am¶ {ddaU ~ZmB¶o& [4]
{ddaU ZmoQ> g. 31 mM© 2017 31 mM© 2016
J J
I Am¶
g§MmbZ go AmJ (ewÕ {~H«$s) 24,00,000 20,00,000
II 춶
A) ì¶mnm[aH$ ah{V¶o H$m H«$¶ 16,00,000 12,00,000
~) ah{V¶o | n[adV©Z 2,00,000 2,00,000
g) yë¶ õmg 2,00,000 2,40,000
X) Aݶ 춶 1,00,000 1,60,000
Hw$b 춶 21,00,000 18,00,000
III H$a go nyd© bm^ (I-II) 3,00,000 2,00,000
IV KQ>mB¶o Am¶H$a 90,000 60,000
V H$a níMmV bm^ (III-IV) 2,10,000 1,40,000
Income statement (statement of profit and loss) for the year ending 31st March, 2016 and 2017 of C Ltd. are given below. Prepare common size. Income statement.
Note 31st March 31st March
Particulars No. 2017 2016
J J
I Income
Revenue from operations (Net sales) 24,00,000 20,00,000 II Expenses
a) Purchases of stock-in-Trade 16,00,000 12,00,000
b) Change in Inventories 2,00,000 2,00,000
c) Depreciation 2,00,000 2,40,000
d) Other expenses 1,00,000 1,60,000
Total expenses 21,00,000 18,00,000
III Profit before tax (I-II) 3,00,000 2,00,000
IV Less : Income Tax 90,000 60,000
V Profit after tax (III-IV) 2,10,000 1,40,000
29) boIm§H$Z | Z¡{VH$Vm Ho$ H$moB© Mma ómoV {bImo& [4]
Write any four ethics in Accountancy.
30) {ZåZm§{H$V gyMZmAm| go AJ«{b{IV AZwnmV kmV H$amo [6]
i) Mmby AZwnmV ii) gH$b bm^ AZwnmV iii) n[aMmbZ AZwnmV iv) ewÕ bm^ AZwnmV v) {d{Z¶moJ na à˶m¶
g¶§Ì d {eZ J 10,00,000; J¡a Mmby ì¶mnm[aH$ {d{Z¶moJ J 4,00,000; Mmby gån{V¶m±
J 8,00,000; Mmby Xm{¶Ëd J 4,00,000; n[aMmbZ go AmJ J 24,00,000 H«$¶ J 15,00,000;
àm. ñH$ÝY J 1,90,000; ApÝV ñH$ÝY J 1,80,000; OXÿar J 90,000; H$m¶m©b¶ doVZ J 80,000; F$U nÌm| na ã¶mO J 20,000; Am¶H$a J 40,000.
{ZåZm§{H$V gyMZmAm| go Mmby AZwnmV, Ëd[aV AZwnmV, F$U-gVm AZwnmV, ñdm{Ëd AZwnmV Ed§AWdm
emoYZ jVm AZwnmV kmV H$amo [6]
Mmby Xm{¶Ëd J 1,00,000; ny±Or J 5,00,000; gmmݶ g§M¶ J 1,00,000; bm^-hm{Z ImVo H$m H«o${S>Q> eof J 1,00,000; 10% F$U-nÌ J 3,00,000; J¡a Mmby gån{V¶m± J 7,00,000;
ñH$ÝY J 2,00,000; ì¶mnm[aH$ àm߶VmE J 1,50,000; ZJX d ZJX Vwë¶ J 50,000.
Calculate the following ratios with the help of the information given below:
i) Current ratio ii) Gross Profit ratio iii) Operating ratio iv) Net profit ratio
v) Return on investment
Plant and machinery J 10,00,000; Non current investment trade J 4,00,000;
Current assets J 8,00,000; Current liabilities J 4,00,000; Revenue from operations J 24,00,000; Purchases J 15,00,000; Opening stock J 1,90,000;
Closing stock J 1,80,000; Wages J 90,000; Office salaries J 80,000; Interest on Debentures J 20,000; Income tax J 40,000.
OR
From the following information, calculate current ratio, quick ratio, Debt-equity ratio, proprietory ratio and solvency ratio.
Current liabilities J 1,00,000; Capital J 5,00,000; General reserve J 1,00,000;
Credit Balance of P&L Account J 1,00,000; 10% Debentures J 3,00,000; Non current Assets J 7,00,000; Stock J 2,00,000, Trade receivables J 1,50,000;
Cash and cash equivalents J 50,000.
AWdm/OR
IÊS> - ~
SECTION - B
24) H$å߶yQ>arH¥$V boIm àUmbr ³¶m h¡? [1]
What is computerised accounting system?
25) S>mQ>m m°S>b ³¶m h¡? [1]
What is data model?
26) E³gb ñàoS> erQ> go Amn ³¶m gPVo h¡? [2]
What do you mean by Excel spread sheet?
27) ñàoS> erQ> Ed§ dH©$ ~wH$ | AÝVa {b{I¶o& [2]
Write difference between spread sheet and work book.
28) Ho$ÝÐr¶ àmogoqgJ BH$mB© go Amn ³¶m gPVo h¢? [4]
What do you mean by central processing unit?
29) S>oQ>m ~og oZoO|Q> {gñQ> Ho$ VÎdm§o H$mo gPmAmo& [4]
Explain components of Data Base Management System.
30) ñàoS> erQ> H$m boIm§H$Z | à¶moJ g§{jßV | gPmB¶o& [6]
AWdm
E.Eg. E³gb erQ> H$s {deofVmAm| H$mo gPmB¶o& [6]
Explain application of spread sheet in Accounting in brief.
OR
Explain the features of M.S. Excel spread sheet.
