Kerala Plus Two Question Paper 2023 Accountancy with CA

SECOND YEAR

Kerala Board
Question Paper
2023

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SY-550
SECOND YEAR HIGHER SECONDARY EXAMINATION, MARCH 2023

Part – III
ACCOUNTANCY WITH COMPUTERISED ACCOUNTING
Maximum : 60 Scores
Time : 2 Hours
Cool-off time : 15 Minutes

General Instructions to Candidates :
 There is a ‘Cool-off time’ of 15 minutes in addition to the writing time.
 Use the ‘Cool-off time’ to get familiar with questions and to plan your answers.
 Read questions carefully before answering.
 Read the instructions carefully.
 Calculations, figures and graphs should be shown in the answer sheet itself.
 Malayalam version of the questions is also provided.
 Give equations wherever necessary.
 Electronic devices except non-programmable calculators are not allowed in the
Examination Hall.
 
    15  ‘  ’ .
 ‘  ’    
 .
      .
    .
  , , ,   
.
   .
    .
     
    .

SY-550 1 P.T.O.

PART – A

(ACCOUNTING) (40 Scores)

I. Answer any 4 questions from 1 to 5. Each carries 1 score. (4 × 1 = 4)

1. Under fixed capital method, all adjustments relating to partners capital are shown in
________.

(a) Current A/c (b) Capital A/c

(c) Profit & Loss Appropriation A/c (d) Profit & Loss A/c

1 2 1
2. Anu, Binu and Cinu are partners sharing profits in the ratio of , and . Cinu
2 5 10
retires. The new ratio between Anu and Binu is ________.

(a) 4:5 (b) 5:4

(c) 1:2 (d) 2:1

3. The present value of a firm’s anticipated excess earnings is ________.

(a) Capital (b) Reserve

(c) Goodwill (d) Loss

4. Realisation Account is prepared at the time of __________.

(a) Dissolution of Firm (b) Admission of a Partner

(c) Retirement of a Partner (d) Death of a Partner

5. The accumulated profits and reserves at the time of dissolution of a firm are transferred
to ________.

(a) Realisation Account (b) Partners Capital Account

(c) Bank Account (d) Partners’ Loan Account

SY-550 2

PART – A

(ACCOUNTING) (40 Scores)
I. 1  5   4  .
1  . (4 × 1 = 4)

1.      
   ________.
(a)   (b)  
(c)    (d)  

1 2 1
2. , ,  , ,    
2 5 10
.  .    
 ________ .
(a) 4:5 (b) 5:4
(c) 1:2 (d) 2:1

3.       
 ________.
(a)  (b) 
(c)  (d) 

4.    __________.
(a)    .
(b)    .
(c)   
(d)   

5.        
 ________.
(a)   (b)   
(c)   (d)   

SY-550 3 P.T.O.

II. Answer all questions from 6 to 7. Each carries 2 scores. (2 × 2 = 4)
6. List out any four items appearing in the credit side of Partners Capital Account, when
capitals are fluctuating.

7. Anil, Sunil and Manoj are partners sharing profits in the ratio of 3 : 2 : 1. Sunil retires
and Goodwill of the firm is valued at ` 60,000. Pass necessary journal entry for the
treatment of Goodwill.

III. Answer any 2 questions from 8 to 10. Each carries 3 scores. (2 × 3 = 6)
8. Raheem and Saleem are partners in a firm. They share profits equally. Their monthly
drawings are ` 2,500 each. Interest on drawings is charged at 12% p.a. Calculate interest
on Raheem’s drawings for the year 2022, assuming that the drawings are made :
(i) in the beginning of every month
(ii) in the middle of every month, and
(iii) at the end of every month

9. Rosy and Lilly are partners sharing profits in the ratio of 7 : 5. They admit Jhinsi as a
1 1 1
new partner for share which she acquired from Rosy and from Lilly.
6 24 8
Calculate the New Profit Sharing Ratio of Rosy, Lilly and Jhinsi.

10. Write any three differences between Dissolution of Partnership and Dissolution of
Firm.

IV. Answer all questions from 11 to 12. Each carries 4 scores. (2 × 4 = 8)
11. A firm’s profit during 2020, 2021 and 2022 were ` 18,000, ` 20,000 and ` 22,000
respectively. The firm has capital investment of ` 1,00,000. A fair rate of return on
investment is 10% p.a. Calculate the value of Goodwill on the basis of :
(a) two years’ purchase of the average profits.
(b) three years’ purchase of the super profits.

SY-550 4

II. 6  7    . 2  . (2 × 2 = 4)
6.    ,    
    .

7. , ,   3 : 2 : 1   
.       60,000
  .   
   .

III. 8  10    2  .
3  . (2 × 3 = 6)
8. ,      .   
.     2,500  .
   12%  .   
     :
(i)  
(ii)    
(iii)  

1
9. ,   7 : 5   .  
6
    .  ,
1 1
    ,   . 
24 8
   .

10.      
   .

IV. 11  12    . 4  . (2 × 4 = 8)
11.   2020, 2021, 2022   ` 18,000, ` 20,000,
` 22,000  .    ` 1,00,000 .
    10% . 
     :
(a)      .
(b)     .
SY-550 5 P.T.O.

12. Anoop, Manoop and Sanoop are partners in a firm. Manoop retires from the firm. On
his date of retirement ` 40,000 is due to him. Anoop and Sanoop promised to pay him
in instalments every year at the end of the year.

Prepare Manoop’s Loan Account when the payment is made in four yearly instalments
plus interest @ 12% p.a. on the unpaid balance.

V. Answer all the questions from 13 to 14. Each carries 5 scores. (2 × 5 = 10)

13. Rajan and Sajan are partners in a firm sharing profits and losses in the ratio of 2 : 1.
Their capital balance as on 01-04-2022 was ` 4,00,000 and ` 3,00,000 respectively.
The partnership deed provides that Rajan is to be paid a salary of ` 2,000 per month
and Sajan is to get a commission of ` 10,000 for the year. Interest on capital is to be
allowed at 8% p.a.

The drawings of Rajan and Sajan for the year were ` 30,000 and ` 10,000 respectively.
Interest on Rajan’s drawings was ` 750 and on Sajan’s drawings, ` 250. The Net Profit
of the firm before making these adjustments was ` 1,82,000.

Prepare Profit and Loss Appropriation Account.

14. (a) Abu, Tara and Ravi are partners in a firm sharing profits in the ratio of 5 : 4 : 1.
Ravi died on 30th June 2022. His share of profit was to be calculated on the basis
of average profits of the last three years, which were ` 1,56,000 for 2019,
` 1,85,000 for 2020 and ` 1,75,000 for 2021.

(i) Calculate Ravi’s share of Profit. (2)

(ii) Pass necessary journal entry for the same. (1)

(Hint : Accounts are closed on 31st December)

(b) Mention any four accounting adjustments/aspects involved on retirement/death of
a partner. (2)

SY-550 6

12. , ,     . 
  .    40,000 
 .     
    .  
        12%
      
.

V. 13  14    . 5  . (2 × 5 = 10)

13.      2 : 1  .
2022  1       4,00,000 
3,00,000  .      2,000 
   10,000   .  8%
 .
,      30,000 
10,000 .   750    250 
 .     
1,82,000 .
    .

14. (a) 5 : 4 : 1      ,
, . 2022  30   .    
    
.  2019  1,56,000 , 2020  1,85,000 ,
2021  1,75,000 .

(i)   . (2)

(ii)    . (1)

( :     31 )

(b)   /    
  . (2)

SY-550 7 P.T.O.

VI. Answer any one question from 15 to 16. Carries 8 scores. (1 × 8 = 8)

15. The following is the Balance Sheet of Arun and Varun sharing profits and losses in the
ratio of 5 : 3.

Balance sheet as on March 31, 2022

Amount Amount
Liabilities Assets
(`) (`)

Creditors 40,000 Cash 20,000

Bills payable 20,000 Debtors 60,000

Capital : Stock 80,000

Arun 1,20,000 Machinery 1,20,000

Varun 1,00,000 2,20,000

2,80,000 2,80,000

They agreed to admit Sabu into partnership on the following terms :

(a) Sabu brings ` 80,000 as his capital and ` 40,000 as his share of goodwill.

(b) Machinery is valued at ` 1,50,000 and Stock at ` 1,00,000.

(c) A provision for bad debts is to be created @ 5% on debtors.

(d) The new profit sharing ratio is 7 : 5 : 4.

Prepare :

(i) Revaluation A/c

(ii) Partners Capital A/c and

(iii) Balance sheet of new firm.

SY-550 8

VI. 15  16     .

8 . (1 × 8 = 8)

15. 5 : 3      ,  
   .

  31-03-2022

  (`)   (`)

 40,000  20,000

  20,000  60,000

 :  80,000

 1,20,000  1,20,000

 1,00,000 2,20,000

2,80,000 2,80,000

      :

(a)  80,000   40,000   
.

(b)    1,50,000    
1,00,000  .

(c)  5%    
.

(d)    7 : 5 : 4 .

(i)  

(ii)   

(iii)     .

SY-550 9 P.T.O.

16. Amal and Bimal are equal partners in a firm. Their balance sheet as on 31 st March 2022

was as follows :

Balance sheet as on 31st March, 2022

Amount Amount
Liabilities Assets
(`) (`)

Creditors 10,000 Bank 5,000

Capital : Debtors 10,000

Amal 12,000 Stock 8,000

Bimal 8,000 Furniture 7,000

30,000 30,000

The firm was dissolved on 31st March 2022.

(i) The assets realised were :

Debtors – ` 8,500

Stock – ` 7,000

Furniture – ` 9,000

(ii) Creditors were paid ` 8,000 in full settlement.

(iii) Expenses on realisation amounted to ` 500.

Prepare Realisation Account, Partners’ Capital Account and Bank Account.

SY-550 10

16.      . 2022  31 

    :

2022  31  

  (`)   (`)

 10,000  5,000

 :  10,000

 12,000  8,000

 8,000  7,000

30,000 30,000

     .

(i)      :

 – 8,500 

 – 7,000 

 – 9,000 

(ii)     8,000  .

(iii)   500 .

 ,   , 

  .

SY-550 11 P.T.O.

PART – B
(COMPUTERISED ACCOUNTING) (20 Scores)

VII. Answer any 3 questions from 17 to 20. Each carries 1 score. (3  1 = 3)
17. Alphabets or symbols used to codify a piece of information is ________.
(a) Sequential codes (b) Block codes
(c) Mnemonic codes (d) Numeric codes

18. Identify the function which helps to convert a date in the form of text to a number.
(a) DATE (b) DAY
(c) NOW (d) DATE VALUE

19. Net Pay = ________.
(a) Gross Pay – Total Deductions (b) Gross Pay + Total Deductions
(c) Basic Pay + DA (d) Basic Pay + DA + HRA

20. Identify the Free and Open Source Accounting Software
(a) Peachtree (b) Tally
(c) Daceasy (d) GNU Khata

VIII. Answer the question 21 which carries 2 scores. (1  2 = 2)
21. Write short notes on :
(a) Tables
(b) Queries

IX. Answer all the questions from 22 to 23. Each carries 3 scores. (2  3 = 6)
22. Briefly explain the following elements of a Chart/Graph :
(a) Chart Area
(b) Data Points
(c) Legend

SY-550 12

PART – B
(COMPUTERISED ACCOUNTING) (20 Scores)

VII. 17  20    3  .
1  . (3  1 = 3)
17.      ________.
(a)   (b)  
(c)   (d)  

18.       
   .
(a) DATE (b) DAY
(c) NOW (d) DATE VALUE

19.   = ________.
(a)   –  
(b)   +  
(c)   + 
(d)   +  +  

20.      
  .
(a)  (b) 
(c)  (d)  

VIII.  21  . 2 . (1  2 = 2)
21.   :
(a) 
(b) 

IX. 22  23    . 3  . (2  3 = 6)
22.  /,     
 :
(a)  
(b)  
(c) 

SY-550 13 P.T.O.

23. Write the syntax for the following functions :
(a) SLN
(b) DB
(c) PMT

X. Answer the question 24 which carries 4 scores. (1  4 = 4)
24. Describe any four features of CAS.

XI. Answer any one question from 25 to 26. Carries 5 scores. (1  5 = 5)
25. (a) Using the following spreadsheet function, write the result displayed in the cell.
(i) = ROUND (412.654, –1)
(ii) = ROUND UP (25.314, 0)
(iii) = ROUND DOWN (568, –2) (3)
(b) State the reason for the errors given below :
(i) # DIV/0!
(ii) # NAME (2)

26. Complete the following table :

Voucher Type Used to Record Shortcut Keys
Receipts ? F4

? Cash and Credit sales of goods F6

Purchase ? F7

Journal Adjustment entries ?

? Deposits or withdrawals of cash from bank F8

____________

SY-550 14

23.     :
(a) SLN
(b) DB
(c) PMT

X.  24  . 4 . (1  4 = 4)
24.       
.

XI. 25  26     .
5 . (1  5 = 5)
25. (a)     ,
    .
(i) = ROUND (412.654, –1)
(ii) = ROUND UP (25.314, 0)
(iii) = ROUND DOWN (568, –2) (3)
(b)      :
(i) # DIV/0!
(ii) # NAME (2)

26.    :
   
 ? F4
?   F6
 
 ? F7
   ?
?     F8
 

____________

SY-550 15 P.T.O.

SY-550 16