NIOS Class 12 Question Paper 2021 (Oct) Accountancy

This Question Paper consists of 32 [Section-A(22) +Section-B(5+5)] questions and 20 printed pages.
ß‚ ¬˝‡Ÿ-¬òÊ ◊¥ 32 ¬˝‡Ÿ [πá«U-• (22) + πá«-’ (5+5)] ÃÕÊ 20 ◊ÈÁŒ˝Ã ¬Îc∆U „Ò¥–
Roll No. Code No.
•ŸÈ∑˝§◊Ê¥∑§ ∑§Ê«U Ÿ¥. 62/OSS/2
ACCOUNTANCY
(‹πÊ¥∑§Ÿ)
(PRINCIPLES AND PRACTICE OF FINANCIAL ACCOUNTING)
Set/‚≈U A
(ÁflûÊËÿ ‹πÊ¥∑§Ÿ ∑§ Á‚hÊãà ∞fl¥ √ÿfl„Ê⁄U)
(320)
Day and Date of Examination
¬⁄UˡÊÊ ∑§Ê ÁŒŸ fl ÁŒŸÊ¥∑§
Signature of Invigilators 1.
ÁŸ⁄UˡÊ∑§Ê¥ ∑§ „SÃÊˇÊ⁄U
2.

General Instructions :
1. Candidate must write his/her Roll Number on the first page of the Question Paper.
2. Please check the Question Paper to verify that the total pages and total number of questions contained in the
Question Paper are the same as those printed on the top of the first page. Also check to see that the questions are
in sequential order.
3. Making any identification mark in the Answer-Book or writing Roll Number anywhere other than the specified
places will lead to disqualification of the candidate.
4. Write your Question Paper Code No. 62/OSS/2-A on the Answer-Book.
5. (a) The Question Paper is in English/Hindi medium only. However, if you wish, you can answer in any one
of the languages listed below :
English, Hindi, Urdu, Punjabi, Bengali, Tamil, Malayalam, Kannada, Telugu, Marathi, Oriya, Gujarati,
Konkani, Manipuri, Assamese, Nepali, Kashmiri, Sanskrit and Sindhi. You are required to indicate the
language you have chosen to answer in the box provided in the Answer-Book.
(b) If you choose to write the answer in the language other than Hindi and English, the responsibility for any
errors/mistakes in understanding the question will be yours only.
‚Ê◊Êãÿ •ŸÈŒ‡Ê —
1. ¬⁄UˡÊÊÕ˸ ¬˝‡Ÿ¬òÊ ∑§ §¬„‹ ¬Îc∆U ¬⁄U •¬ŸÊ •ŸÈ∑˝§◊Ê¥∑§ •fl‡ÿU Á‹π¥–
2. ∑Χ¬ÿÊ ¬˝‡Ÿ¬òÊ ∑§Ê ¡ÊÚ°ø ‹¥ Á∑§ ¬˝‡Ÿ¬òÊ ∑§ ∑ȧ‹ ¬Îc∆UÊ¥ ÃÕÊ ¬˝‡ŸÊ¥ ∑§Ë ©ÃŸË „Ë ‚¥ÅUÿÊ „Ò Á¡ÃŸË ¬˝Õ◊ ¬Îc∆ ∑ §‚’‚ ™§¬⁄U ¿U¬Ë „Ò– ß‚ ’ÊÃ
∑§Ë ¡ÊÚ°ø ÷Ë ∑§⁄U ‹¥ Á∑§ ¬˝‡Ÿ ∑˝ Á◊∑§ UM§¬ ◊¥ „Ò¥–
3. § ©ûÊ⁄U-¬ÈÁSUÃ∑§Ê ◊¥ ¬„øÊŸ-Áøq ’ŸÊŸ •ÕflÊ ÁŸÁŒ¸c≈U SÕÊŸÊ¥ ∑§§ •ÁÃÁ⁄UÄà ∑§„Ë¥ ÷Ë •ŸÈ∑˝§◊Ê¥∑§ Á‹πŸ ¬⁄U ¬⁄UˡÊÊÕ˸ ∑§Ê •ÿÊÇÿ ∆U„⁄UÊÿÊ
¡ÊÿªÊ–
4. •¬ŸË ©ûÊ⁄U-¬ÈÁSUÃ∑§Ê ¬⁄U ¬˝‡Ÿ¬òÊ ∑§Ë ∑§Ê«U ‚¥ÅÿÊ 62/OSS/2-A Á‹π¥–
5. (∑§) ¬˝‡Ÿ¬òÊ ∑§fl‹ Á„¥ŒË/•¥ª˝¡Ë ◊¥ „Ò– Á»§⁄U ÷Ë, ÿÁŒ •Ê¬ øÊ„¥ ÃÊ ŸËø ŒË ªß¸ Á∑§‚Ë ∞∑§ ÷Ê·Ê ◊¥ ©ûÊ⁄ Œ ‚∑§Ã „Ò¥ —
•¥ª˝¡Ë, Á„¥ŒË, ©ŒÍ¸, ¬¥¡Ê’Ë, ’°ª‹Ê, ÃÁ◊‹, ◊‹ÿÊ‹◊, ∑§ãŸ«∏, Ã‹ÈªÈ, ◊⁄UÊ∆UË, ©Á«∏ÿÊ, ªÈ¡⁄UÊÃË, ∑§Ê¥∑§áÊË, ◊ÁáʬÈ⁄UË, •‚Á◊ÿÊ,
Ÿ¬Ê‹Ë, ∑§‡◊Ë⁄UË, ‚¥S∑Χç•ÊÒ⁄U Á‚¥œË–
∑Χ¬ÿÊ ©ûÊ⁄U-¬ÈÁSÃ∑§Ê ◊¥ ÁŒ∞ ª∞ ’ÊÚÄ‚ ◊¥ Á‹π¥ Á∑§ •Ê¬ Á∑§‚ ÷Ê·Ê ◊¥ ©ûÊ⁄U Á‹π ⁄U„ „Ò¥– §
(π) ÿÁŒ •Ê¬ Á„¥ŒË ∞fl¥ •¥ª˝¡Ë ∑§ •ÁÃÁ⁄UÄà Á∑§‚Ë •ãÿ ÷Ê·Ê ◊¥ ©ûÊ⁄U Á‹πÃ „Ò¥, ÃÊ ¬˝‡Ÿ ∑§Ê ‚◊¤ÊŸ ◊¥ „ÊŸ flÊ‹Ë
òÊÈÁ≈UÿÊ¥/ª‹ÁÃÿÊ¥ ∑§Ë Á¡ê◊UŒÊ⁄Ë ∑ fl‹ •Ê¬∑§Ë „ÊªË–

62/OSS/2-320-A ] 1 [ Contd...

ACCOUNTANCY
(‹πÊ¥∑§Ÿ)
(PRINCIPLES AND PRACTICE OF FINANCIAL ACCOUNTING)
(ÁflûÊËÿ ‹πÊ¥∑§Ÿ ∑§ Á‚hÊãà ∞fl¥ √ÿfl„Ê⁄U)
(320)
Time : 3 Hours ] [ Maximum Marks : 100
‚◊ÿ — 3 ÉÊá≈U ] [ ¬ÍáÊÊZ∑§ — 100

Note : (i) This Question Paper has two Sections-Section ‘A’ and Section ‘B’.
(ii) Attempt all questions of Section ‘A’ Section ‘B’ has two options. Candidates are required
to attempt questions from one option only.
(iii) Each question from Question Nos. 1 to 9 has four alternatives - (A), (B), (C) and (D) out
of which one is most appropriate. Choose the correct answer among the four alternatives
and write it in your Answer-Book against the Number of the question. No extra time is
allotted for attempting multiple choice questions.

ÁŸŒ¸‡Ê — (i) ß‚ ¬˝‡Ÿ-¬òÊ ◊¥ ŒÊ πá«U „Ò¥ - πá«U “•” ∞fl¥ πá«U “’”–
(ii) πá«U “•” ∑§ ‚÷Ë ¬˝‡ŸÊ¥ ∑§Ê „‹ ∑§⁄UŸÊ „Ò– πá«U “’” ◊¥ ŒÊ Áfl∑§À¬ „Ò¥– ¬⁄UˡÊÊÁÕ¸ÿÊ¥ ∑§Ê ∑§fl‹ ∞∑§ Áfl∑§À¬
∑§ „Ë ¬˝‡ŸÊ¥ ∑§ ©ûÊ⁄U ŒŸ „Ò¥–
(iii) ¬˝‡Ÿ ‚¥ÅÿÊ 1 ‚ 9 Ã∑§ ∑§ ¬˝àÿ∑§ ¬˝‡Ÿ ◊¥ øÊ⁄U Áfl∑§À¬ - (A), (B), (C) ÃÕÊ (D) „Ò¥, Á¡Ÿ◊¥ ‚ ∞∑§ ‚’‚
‚flʸÁœ∑§ ©¬ÿÈÄà „Ò– øÊ⁄UÊ¥ Áfl∑§À¬Ê¥ ◊¥ ‚ ‚„Ë ©ûÊ⁄U øÈŸ¥ ÃÕÊ •¬ŸË ©ûÊ⁄U-¬ÈÁSÃ∑§Ê ◊¥ ¬˝‡Ÿ ‚¥ÅÿÊ ∑§ ‚Ê◊Ÿ
©ûÊ⁄U Á‹π¥– ’„ÈÁfl∑§À¬Ë ¬˝‡ŸÊ¥ ∑§ Á‹ÿ •ÁÃÁ⁄UÄà ‚◊ÿ Ÿ„Ë¥ ÁŒÿÊ ¡ÊÿªÊ–
SECTION-A/πá«U-•

1. Gross profit is transferred from Trading Account to : 1
(A) Debit side of Profit and Loss Account
(B) Credit side of Profit and Loss Account
(C) Asset side of Balance Sheet
(D) Liability side of Balance Sheet

‚∑§‹ ‹Ê÷ √ÿʬÊ⁄U πÊÃ ‚ „SÃÊ¥ÃÁ⁄Uà Á∑§ÿÊ ¡ÊÃÊ „Ò —
(A) ‹Ê÷-„ÊÁŸ πÊÃ ∑§ ŸÊ◊ ¬ˇÊ ◊¥
(B) ‹Ê÷-„ÊÁŸ πÊÃ ∑§ ¡◊Ê ¬ˇÊ ◊¥
(C) ÁSÕÁà Áflfl⁄UáÊ ∑§ ¬Á⁄U‚ê¬ÁûÊ ¬ˇÊ ∑§Ë •Ê⁄U
(D) ÁSÕÁà Áflfl⁄UáÊ ∑§ ŒÿÃÊ ¬ˇÊ ∑§Ë •Ê⁄U

62/OSS/2-320-A ] 2 [ Contd...

2. Loss on revaluation of assets and reassessment of liabilities is debited to which of the following 1
accounts :
(A) Partners Capital Accounts
(B) Profit and Loss Account
(C) Profit and Loss Appropriation Account
(D) Profit and Loss Adjustment Account
¬Á⁄U‚ê¬ÁûÊÿÊ¥ ∑§ ¬ÈŸ◊͸ÀÿÊ¥∑§Ÿ ÃÕÊ ŒÿÃÊ•Ê¥ ∑§ ¬ÈŸÁŸ¸œÊ¸⁄UáÊ ∑§Ë „ÊÁŸ ∑§Ë πÃÊÒŸË ÁŸêŸ ◊¥ ‚ Á∑§‚∑§ πÊÃ ŸÊ◊ ¬ˇÊ ◊¥
∑§Ë ¡ÊÃË „Ò —
(A) ‚ʤÊŒÊ⁄U ∑§ ¬Í°¡Ë πÊÃ
(B) ‹Ê÷-„ÊÁŸ πÊÃÊ
(C) ‹Ê÷-„ÊÁŸ ÁflÁŸÿÊ¡Ÿ πÊÃÊ
(D) ‹Ê÷-„ÊÁŸ ‚◊ÊÿÊ¡Ÿ πÊÃÊ

3. A, B and C are partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. D was 1
1
admitted as a new partner for share in the profits. D brought ` 20,000 as his share of
5
goodwill premium. The amount of goodwill premium credited to C’s account will be :
(A) ` 20,000 (B) ` 6,667 (C) ` 4,000 (D) NIL

1
A, B ÃÕÊ C ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– D ∑§Ê ‹Ê÷Ê¥ ◊¥ ÷ʪ ∑§
5
Á‹∞ ∞∑§ ŸÿÊ ‚ʤÊŒÊ⁄U ’ŸÊÿÊ ªÿÊ– D ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§ •¬Ÿ ÷ʪ ∑§ Á‹∞ ` 20,000 ‹ÊÿÊ– C ∑§ πÊÃ ∑§ ¡◊Ê
¬ˇÊ ◊¥ πÃÊÒŸË ∑§Ë ¡ÊŸ flÊ‹Ë ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§Ë ⁄UÊÁ‡Ê „ÊªË —
(A) ` 20,000 (B) ` 6,667 (C) ` 4,000 (D) NIL

4. Ram and Mohan were partners in a firm. Mohan withdrew ` 4,000 for his personal use on 1
15th day of each month. Interest on Mohan’s total drawings will be calculated for :

(A) 7 1 2 months (B) 7 months

(C) 6 1 2 months (D) 6 months

⁄UÊ◊ ÃÕÊ ◊Ê„Ÿ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U „Ò¥– ¬˝àÿ∑§ ◊Ê„ ∑§ 15 fl¥ ÁŒŸ ◊Ê„Ÿ •¬Ÿ √ÿÁÄêà ©¬ÿÊª ∑§ Á‹∞ ` 4,000
∑§Ê •Ê„⁄UáÊ ∑§⁄UÃÊ ÕÊ– ◊Ê„Ÿ ∑§ ∑ȧ‹ •Ê„⁄UáÊ ¬⁄U éÿÊ¡ ∑§Ë ªáÊŸÊ ∑§Ë ¡ÊÿªË —
(A) 7 1 2 ◊„ËŸÊ¥ ∑§ Á‹∞ (B) 7 ◊„ËŸÊ¥ ∑§ Á‹∞

(C) 6 1 2 ◊„ËŸÊ¥ ∑§ Á‹∞ (D) 6 ◊„ËŸÊ¥ ∑§ Á‹∞

62/OSS/2-320-A ] 3 [ Contd...

5. Sanjana, Riva and Mysha were partners in a firm with fixed Capitals of ` 10,00,000 ; 1
` 8,00,000 and ` 6,00,000 respectively. Sanjana retired. On her retirement goodwill of the
firm was valued at ` 60,000. The amount of goodwill that would be credited to Sanjana
Capital Account on her retirement will be :
(A) ` 60,000 (B) ` 20,000 (C) ` 25,000 (D) ` 30,000
‚¥¡ŸÊ, ⁄UËflÊ ÃÕÊ ◊Êÿ‡ÊÊ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U „¥Ò– ©Ÿ∑§Ë SÕÊÿË ¬Í°¡Ë ∑˝§◊‡Ê— ` 10,00,000 ; ` 8,00,000 ÃÕÊ
` 6,00,000 ÕË– ‚¥¡ŸÊ Ÿ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄U Á‹ÿÊ– ©‚∑§ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄UŸ ¬⁄U »§◊¸ ∑§Ë ÅÿÊÁà ∑§Ê ◊ÍÀÿ
` 60,000 ÕÊ– ‚¥¡ŸÊ ∑§ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄UŸ ¬⁄U ©‚∑§ ¬Í°¡Ë πÊÃ ∑§ ¡◊Ê ¬ˇÊ ◊¥ πÃÊÒŸË ∑§Ë ¡ÊŸflÊ‹Ë ÅÿÊÁà ∑§Ë
⁄UÊÁ‡Ê „ÊªË —
(A) ` 60,000 (B) ` 20,000 (C) ` 25,000 (D) ` 30,000

6. X Ltd., invited applications for issuing 10,000 equity shares of ` 10 each. Applications were 1
received for 9,800 shares. The issue will be called :
(A) Fully subscribed (B) Over subscribed
(C) Under subscribed (D) Partly subscribed
X Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 10,000 •¥‡ÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– 9,800 •¥‡ÊÊ¥ ∑§ Á‹∞
•ÊflŒŸ ¬˝Êåà „È∞– ÁŸª¸◊Ÿ ∑§Ê ∑§„Ê ¡ÊÿªÊ —
(A) ¬Íáʸ •Á÷ŒûÊ (B) •Áœ •Á÷ŒûÊ
(C) ãÿÍŸ •Á÷ŒûÊ (D) •Ê¥Á‡Ê∑§ •Á÷ŒûÊ

7. Shares of ` 10 have been issued at ` 11 per share. These shares will be called as issued at : 1
(A) Par (B) Premium
(C) Discount (D) For consideration other than cash
` 10 ¬˝àÿ∑§ ∑§ •¥‡ÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ` 11 ¬˝Áà •¥‡Ê Á∑§ÿÊ ªÿÊ– ÁŸª¸Á◊à Á∑§ÿÊ ªÿÊ •¥‡ÊÊ¥ ∑§Ê ◊ÊŸÊ ¡ÊÿªÊ —
(A) ‚◊◊ÍÀÿ ¬⁄U (B) ¬˝ËÁ◊ÿ◊ ¬⁄U
(C) ’^ ¬⁄U (D) ⁄UÊ∑§«∏ ∑§Ê ¿UÊ«∏∑§⁄U •ãÿ ◊ÍÀÿ ¬⁄U

8. JK Ltd., forfeited 100 shares of ` 10 each ` 8 called up for the non payment of the first call of 1
` 2 per share. The share forfeited amount will be :
(A) ` 600 (B) ` 800 (C) ` 200 (D) ` 1000
¡.∑§. Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 100 •¥‡ÊÊ¥ Á¡Ÿ ¬⁄U ` 8 ¬˝àÿ∑§ •¥‡Ê ◊Ê¥ªÊ ªÿÊ ÕÊ, ` 2 ¬˝àÿ∑§ •¥‡Ê ∑§Ë ¬˝Õ◊ ◊Ê¥ª
∑§Ê ÷ȪÃÊŸ Ÿ ∑§⁄UŸ ¬⁄U „⁄UáÊ ∑§⁄U Á‹ÿÊ– „⁄UáÊ ⁄UÊÁ‡Ê „ÊªË —
(A) ` 600 (B) ` 800 (C) ` 200 (D) ` 1000

9. BY Ltd., issued 1000, 9% debentures of ` 100 each at par redeemable at a premium of 10%. 1
The amount of loss on issue of debentures will be :
(A) ` 9,000 (B) ` 10,000 (C) ` 1,00,000 (D) NIL
’Ë.flÊ߸. Á‹Á◊≈U«U Ÿ ` 100 ¬˝àÿ∑§ ∑§ 1000, 9% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ‚◊◊ÍÀÿ ¬⁄U Á∑§ÿÊ– ߟ ´§áʬòÊÊ¥ ∑§Ê ‡ÊÊœŸ
10% ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ∑§⁄UŸÊ „Ò– ´§áʬòÊÊ¥ ∑§ ÁŸª¸◊Ÿ ¬⁄U „ÊÁŸ ∑§Ë ⁄UÊÁ‡Ê „ÊªË —
(A) ` 9,000 (B) ` 10,000 (C) ` 1,00,000 (D) ‡ÊÍãÿ

62/OSS/2-320-A ] 4 [ Contd...

10. State any three purposes for which amount of ‘Capital Reserve’ can be utilized. 3
∞‚ Á∑§ã„Ë¥ ÃËŸ ©g‡ÿÊ¥ ∑§Ê ©À‹π ∑§ËÁ¡∞ Á¡Ÿ∑§ Á‹∞ ¬Í°¡ËªÃ ‚¥øÿ ⁄UÊÁ‡Ê ∑§Ê ©¬ÿÊª Á∑§ÿÊ ¡Ê ‚∑§ÃÊ „Ò–

11. Give any three points of difference between ‘Fixed Capital Accounts’ and ‘Fluctuating Capital 3
Accounts’.
“SÕÊÿË ¬Í°¡Ë πÊÃÊ” ÃÕÊ “¬Á⁄UfløŸ‡ÊË‹ ¬Í°¡Ë πÊÃÊ” ◊¥ •ãÃ⁄U ∑§ ∑§Ê߸ ÃËŸ Á’ãŒÈ ŒËÁ¡∞–

12. Briefly explain any three objectives of preparing financial statements. 3
ÁflûÊËÿ Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§⁄UŸ ∑§ Á∑§ã„Ë¥ ÃËŸ ©g‡ÿÊ¥ ∑§Ê ‚¥ˇÊ¬ ◊¥ ‚◊¤ÊÊß∞–

13. On 1.1.2015 X Ltd., purchased a machinery for ` 10,00,000 and spent ` 10,000 on its carriage 5
and ` 90,000 for its installation. The company charges depreciation @ 10% p.a. on diminishing
balance method. Starting from 01.01.15 prepare machinery account for 5 years. The company
closes its books on 31st March every year.
X Á‹Á◊≈U«U Ÿ 1.1.2015 ∑§Ê ` 10,00,000 ∑§Ë ∞∑§ ◊‡ÊËŸ⁄UË ∑§Ê ∑˝§ÿ Á∑§ÿÊ ÃÕÊ ß‚ ¬⁄U ` 10,000 ÷Ê«∏Ê ÃÕÊ
` 90,000 SÕʬŸ √ÿÿ „È∞– ∑§ê¬ŸË OÊÁ‚Ã-‡Ê· ¬hÁà ∑§ •ŸÈ‚Ê⁄U @ 10% flÊÁ·¸∑§ Œ⁄U ‚ ◊ÍÀÿOÊ‚ ‹ªÊÃË „Ò–
01.01.15 ‚ •Ê⁄Uê÷ ∑§⁄U∑§ ¬Ê°ø fl·ÊZ ∑§ Á‹∞ ◊‡ÊËŸ⁄UË πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞– ∑§ê¬ŸË ¬˝Áà fl·¸ •¬ŸË ¬ÈSÃ∑¥§ 31 ◊Êø¸
∑§Ê ’¥Œ ∑§⁄UÃË „Ò–

14. From the following information calculate total purchases for the year ended 31.12.2020 : 5
`
Opening balance of creditors 80,000
Opening balance of bills payable 30,000
Closing balance of bills payable 20,000
Closing balance of creditors 1,60,000
Cash paid to creditors during the year 3,70,000
Bills payable met during the year 90,000
Purchases Returns 10,000
Cash purchases 25% of credit purchases.
ÁŸêŸ ‚ÍøŸÊ ‚ 31.12.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ ∑ȧ‹ ∑˝§ÿ ∑§Ë ªáÊŸÊ ∑§ËÁ¡∞ —
`
‹ŸŒÊ⁄UÊ¥ ∑§Ê •Ê⁄UÁê÷∑§ ‡Ê· 80,000
Œÿ Áfl¬òÊÊ¥ ∑§Ê •Ê⁄UÁê÷∑§ ‡Ê· 30,000
Œÿ Áfl¬òÊÊ¥ ∑§Ê •ÁãÃ◊ ‡Ê· 20,000
‹ŸŒÊ⁄UÊ¥ ∑§Ê •ÁãÃ◊ ‡Ê· 1,60,000
fl·¸ ◊¥ ‹ŸŒÊ⁄UÊ¥ ∑§Ê ŸªŒ ÷ȪÃÊŸ 3,70,000
fl·¸ ◊¥ Œÿ Áfl¬òÊÊ¥ ∑§Ê ÷ȪÃÊŸ 90,000
∑˝§ÿ flʬ‚Ë 10,000
ŸªŒ ∑˝§ÿ, ©œÊ⁄U ∑˝§ÿ ∑§Ê 25%.

62/OSS/2-320-A ] 5 [ Contd...

15. Ajay and Vijay were partners in a firm sharing profits in the ratio of 3 : 2. Their fixed 5
Capitals were Ajay ` 5,00,000 and Vijay ` 4,00,000. The partnership deed provided for the
following :
(a) Interest on capital @ 10% p.a.
(b) Interest on drawings @ 6% p.a.
(c) Monthly salary of ` 10,000 to Ajay and half yearly salary of ` 50,000 to Vijay.
During the year ended 31.12.2020 the firm earned a net profit of ` 12,50,000. During the
year each partner withdrew ` 60,000. Prepare Profit and Loss Appropriation Account of
Ajay and Vijay.
•¡ÿ ÃÕÊ Áfl¡ÿ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 2 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– ©Ÿ∑§Ë SÕÊÿË ¬Í°¡Ë— •¡ÿ
` 5,00,000 ÃÕÊ Áfl¡ÿ ` 4,00,000 ÕË– ‚ʤÊŒÊ⁄UË ‚¥‹π ◊¥ ÁŸêŸ ∑§Ê ¬˝ÊflœÊŸ ÕÊ —

(a) ¬Í°¡Ë ¬⁄U 10% flÊÁ·¸∑§ éÿÊ¡–
(b) •Ê„⁄UáÊ ¬⁄U 6% flÊÁ·¸∑§ éÿÊ¡–
(c) •¡ÿ ∑§Ê ` 10,000 ◊ÊÁ‚∑§ flß ÃÕÊ Áfl¡ÿ ∑§Ê ` 50,000 ¿— U◊Ê„Ë flß–
31.12.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ◊¥ »§◊¸ Ÿ ` 12,50,000 ∑§Ê ‡ÊÈh ‹Ê÷ •Á¡¸Ã Á∑§ÿÊ–
fl·¸ ◊¥ ¬˝àÿ∑§ ‚ʤÊŒÊ⁄U Ÿ
` 60,000 ∑§Ê •Ê„⁄UáÊ Á∑§ÿÊ– •¡ÿ ÃÕÊ Áfl¡ÿ ∑§Ê ‹Ê÷-„ÊÁŸ ÁflÁŸÿÊ¡Ÿ πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

16. Give the meaning of issue of shares at premium with the help of an example. State the 5
purposes for which securities premium money can be utilized.
©ŒÊ„⁄UáÊ ‚Á„à •¥‡ÊÊ¥ ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ÁŸª¸◊Ÿ ∑§Ê ÄÿÊ •Õ¸ „Ò ’ÃÊß∞? ©Ÿ ©g‡ÿÊ¥ ∑§Ê ©À‹π ∑§ËÁ¡∞ Á¡Ÿ∑§ Á‹∞
¬˝ÁÃ÷ÍÁà ¬˝ËÁ◊ÿ◊ ⁄UÊÁ‡Ê ∑§Ê ©¬ÿÊª Á∑§ÿÊ ¡Ê ‚∑§ÃÊ „Ò–

17. Kumar Ltd., invited applications for issuing 4,000, 9% debentures of ` 100 each at a premium 5
of 10%. The amount was payable as follows :
On application and allotment ` 50 (including premium). On First and Final call – Balance
Applications for 5,000 debentures were received. Debentures were allotted to all the applicants
on pro-rata basis. Excess application money was adjusted towards sums due on first and
final call.
Pass necessary journal entries for the above transactions in the book of Kumar Ltd.
∑ȧ◊Ê⁄U Á‹Á◊≈U«U Ÿ ` 100 ¬˝àÿ∑§ ∑§ 4,000, 9% ´§áʬòÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– Á¡ã„¥ 10%
¬˝ËÁ◊ÿ◊ ¬⁄U ÁŸª¸Á◊à Á∑§ÿÊ ¡ÊŸÊ ÕÊ– ⁄UÊÁ‡Ê ÁŸêŸ ¬˝∑§Ê⁄U ‚ Œÿ ÕË —
•ÊflŒŸ ÃÕÊ •Ê’¥≈UŸ ¬⁄U ` 50 (¬˝ËÁ◊ÿ◊ ‚Á„Ã) ¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U ‡Ê·– 5,000 ´§áʬòÊÊ¥ ∑§ Á‹∞
•ÊflŒŸ ¬˝Êåà „È∞– ‚÷Ë •ÊflŒ∑§Ê¥ ∑§Ê •ÊŸÈ¬ÊÁÃ∑§ •ÊœÊ⁄U ¬⁄U ´§áʬòÊÊ¥ ∑§Ê •Ê’¥≈UŸ ∑§⁄U ÁŒÿÊ ªÿÊ– •ÁÃÁ⁄UÄà •ÊflŒŸ
⁄UÊÁ‡Ê ∑§Ê ‚◊ÊÿÊ¡Ÿ, ¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U Œÿ ⁄UÊÁ‡Ê ◊¥ ∑§⁄U Á‹ÿÊ ªÿÊ–
©¬⁄UÊÄà ‹ŸŒŸ ∑§ Á‹∞ ∑ȧ◊Ê⁄U Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ¥ ∑§ËÁ¡∞–

62/OSS/2-320-A ] 6 [ Contd...

18. SM Ltd., invited applications for issuing 80,000 equity shares of ` 10 each. The amount was 5
payable as follows :
On application ` 2 per share.
On allotment ` 3 per share.
On first and final call – balance.
Applications of 78,000 shares were received. Shares were fully allotted to all the applicants.
Mohan has applied for 5,000 shares. He paid his entire share money with application. Sohan
to whom 4,000 shares were allotted failed to pay allotment and call money. His shares were
forfeited.
Pass necessary journal entries for the above transactions in the books of SM Ltd.
∞‚.∞◊. Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 80,000 ‚◊ÃÊ •¥‡ÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– ⁄UÊÁ‡Ê ÁŸêŸ
¬˝∑§Ê⁄U ‚ Œÿ ÕË —
•ÊflŒŸ ¬⁄U ` 2 ¬˝Áà •¥‡Ê
•Ê’¥≈UŸ ¬⁄U ` 3 ¬˝Áà •¥‡Ê
¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U - ‡Ê·
78,000 •¥‡ÊÊ¥ ∑§ Á‹∞ •ÊflŒŸ ¬˝Êåà „È∞ ÃÕÊ ‚÷Ë •ÊflŒ∑§Ê¥ ∑§Ê ¬Íáʸ M§¬ ‚ •¥‡ÊÊ¥ ∑§Ê •Ê’¥≈UŸ ∑§⁄U ÁŒÿÊ ªÿÊ– ◊Ê„Ÿ
Ÿ 5,000 •¥‡ÊÊ¥ ∑§ Á‹∞ •ÊflŒŸ Á∑§ÿÊ– ©‚Ÿ •¬ŸË ¬Íáʸ •¥‡Ê ⁄UÊÁ‡Ê ∑§Ê ÷ȪÃÊŸ •ÊflŒŸ ∑§ ‚ÊÕ ∑§⁄U ÁŒÿÊ– ‚Ê„Ÿ
Á¡‚ 4,000 •¥‡ÊÊ¥ ∑§Ê •Ê’¥≈UŸ Á∑§ÿÊ ªÿÊ ÕÊ, •Ê’¥≈UŸ ⁄UÊÁ‡Ê ÃÕÊ ¬˝Õ◊ ∞fl¥ •ÁãÃ◊ ÿÊøŸÊ ⁄UÊÁ‡Ê ∑§Ê ÷ȪÃÊŸ ∑§⁄UŸ ◊¥
•‚»§‹ ⁄U„Ê– ©‚∑§ •¥‡ÊÊ¥ ∑§Ê „⁄UáÊ ∑§⁄U Á‹ÿÊ ªÿÊ–
©¬⁄UÊÄà ‹ŸŒŸ ∑§ Á‹∞ ∞‚.∞◊. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ° ∑§ËÁ¡∞–
19. A, B and C were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 31.3.2020 their 6
Balance Sheet was as follows :
Balance Sheet of A, B and C as on 31.3.2020
Liabilities Amount Assets Amount
` `
Sundry Creditors 40,000 Bank 30,000
Bills Payable 20,000 Debtors 40,000
Stock 50,000
Capitals : Furniture 10,000
A 1,00,000 Land and Building 1,30,000
B 60,000
C 40,000 2,00,000
2,60,000 2,60,000
On the above date the firm was dissolved. The assets were sold and the liabilities were paid
off as follows :
(i) Debtors realised ` 38,000 and stock was taken over by A at 20% less than book value.
(ii) Furniture was taken over by B for ` 6,000 and Land and building was sold for
` 2,00,000.
(iii) Creditors were paid at a discount of 1% and bills payable were discharged at a rebate
of 10%.
(iv) Expenses of dissolution ` 2,000 were paid by C.
Prepare Realisation Account, Partners Capital Accounts and Bank Account.

62/OSS/2-320-A ] 7 [ Contd...

A, B ÃÕÊ C ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê ©Ÿ∑§Ê ÁSÕÁÃ
Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ —
31.3.2020 ∑§Ê, A, B ÃÕÊ C ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚ê¬ÁûÊÿÊ°
‚ï¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
ÁflÁ÷㟠‹ŸŒ⁄U 40,000 ’Ò¥∑§ 30,000
Œÿ Á’‹ 20,000 ŒŸŒÊ⁄U 40,000
S≈UÊÚ∑§ 50,000
¬Í°¡Ë — »§ŸË¸ø⁄U 10,000
A 1,00,000 ÷ÍÁ◊ ÃÕÊ ÷flŸ 1,30,000
B 60,000
C 40,000 2,00,000
2,60,000 2,60,000

©¬⁄UÊÄà ÁÃÁÕ ∑§Ê »§◊¸ ∑§Ê ÁflÉÊ≈UŸ „Ê ªÿÊ– ‚ê¬ÁûÊÿÊ¥ ∑§Ê Áfl∑˝§ÿ ÃÕÊ ŒÿÃÊ•Ê¥ ∑§Ê ÷ȪÃÊŸ ÁŸêŸ ¬˝∑§Ê⁄U ‚ Á∑§ÿÊ
ªÿÊ —
(i) ŒŸŒÊ⁄UÊ¥ ‚ ` 38,000 ¬˝Êåà „È∞ ÃÕÊ S≈UÊÚ∑§ ∑§Ê A Ÿ ¬ÈSÃ∑§ ◊ÍÀÿ ∑§ 20% ∑§◊ ¬⁄U ‹ Á‹ÿÊ–
(ii) B Ÿ ` 6,000 ◊¥ »§ŸË¸ø⁄U ‹ Á‹ÿÊ ÃÕÊ ÷ÍÁ◊ ∞fl¥ ÷flŸ ∑§Ê Áfl∑˝§ÿ ` 2,00,000 ◊¥ Á∑§ÿÊ ªÿÊ–
(iii) ‹ŸŒÊ⁄UÊ¥ ∑§Ê ÷ȪÃÊŸ 1% ∑§ ’^ ¬⁄U Á∑§ÿÊ ªÿÊ ÃÕÊ Œÿ Á’‹Ê¥ ∑§Ê ÷ȪÃÊŸ 10% ∑§Ë ¿ÍU≈U ¬⁄U Á∑§ÿÊ ªÿÊ–
(iv) fl‚Í‹Ë √ÿÿ ` 2,000 ∑§Ê ÷ȪÃÊŸ C Ÿ Á∑§ÿÊ–
fl‚Í‹Ë πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ’Ò¥∑§ πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

20. Y Ltd. issued 10,000 equity shares of ` 100 each to the promoters of the company. Company 6
purchased Machinery of ` 20,00,000 from Z Ltd. The payment to Z Ltd. was made as
follows :
(i) ` 5,00,000 by cheque
(ii) ` 10,00,000 by issue of equity shares of ` 10 each at a premium of 25%
(iii) Balance by issue of 9% Debentures of ` 100 each at a premium of ` 25 per debenture.
Pass necessary journal entries for the above transactions in the books of Y Ltd.
Y Á‹Á◊≈U«U Ÿ ` 100 ¬˝àÿ∑§ ∑§ 10,000 ‚◊ÃÊ •¥‡ÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ •¬Ÿ ¬˝flø∑§Ê¥ ∑§Ê Á∑§ÿÊ– ∑§ê¬ŸË Ÿ Z Á‹Á◊≈U«U
‚ ` 20,00,000 ∑§Ë ◊‡ÊËŸ⁄UË ∑§Ê ∑˝§ÿ Á∑§ÿÊ– Z Á‹Á◊≈U«U ∑§Ê ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÷ȪÃÊŸ Á∑§ÿÊ ªÿÊ —
(i) ` 5,00,000 ø∑§ mÊ⁄UÊ
(ii) ` 10,00,000, ` 10 ¬˝àÿ∑§ ∑§ ‚◊ÃÊ •¥‡ÊÊ¥ ∑§Ê 25% ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ÁŸª¸Á◊à ∑§⁄U∑§–
(iii) ‡Ê· ∑§Ê ÷ȪÃÊŸ ` 100 ¬˝àÿ∑§ ∑§ 9% ´§áʬòÊÊ¥ ∑§Ê ` 25 ¬˝ËÁ◊ÿ◊ ¬⁄U ÁŸª¸Á◊à ∑§⁄U∑§–
©¬⁄UÊÄà ‹ŸŒŸ ∑§ Á‹∞ ∑§ê¬ŸË ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ° ∑§ËÁ¡∞–

62/OSS/2-320-A ] 8 [ Contd...

21. From the following Trial Balance of M/s. Shiv Prasad, prepare Trading and Profit and Loss 10
Account for the year ended 31.3.2020 and the Balance Sheet as on that date :

Trial Balance of M/s. Shiv Prasad as on 31.3.2020

Particulars Debit Balance Credit Balance
` `
Stock (as on 1.4.2019) 21,000
Purchases 40,000
Sales 1,20,000
Debtors 18,000
Creditors 15,000
Wages 9,000
Carriage inwards 3,000
Salary 11,000
Insurance 4,000
Rent 9,000
Commission Received 11,000
Office Expenses 2,000
Telephone bill 1,000
Furniture 21,000
Motor Van 50,000
Capital 60,000
Cash at bank 17,000
2,06,000 2,06,000

Additional Information :

(i) Stock on 31.3.2020 was ` 26,000.

(ii) Motor van is to be depreciated @ 10%.

(iii) Create a provision of 10% on debtors for bad and doubtful debts.

(iv) Outstanding salary was ` 3,000.

62/OSS/2-320-A ] 9 [ Contd...

M/s Á‡Êfl ¬˝‚ÊŒ ∑§ ÁŸêŸ ˬ≈U ‚ 31.3.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ √ÿʬÊ⁄U ÃÕÊ ‹Ê÷-„ÊÁŸ πÊÃÊ ÃÕÊ ©‚Ë
ÁÃÁÕ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–
31.3.2020 ∑§Ê M/s Á‡Êfl ¬˝‚ÊŒ ∑§Ê ˬ≈U

Áflfl⁄UáÊ ŸÊ◊ ‡Ê· ¡◊Ê ‡Ê·
` `
S≈UÊÚ∑§ (1.4.2019) 21,000
∑˝§ÿ 40,000
Áfl∑˝§ÿ 1,20,000
ŒŸŒÊ⁄U 18,000
‹ŸŒÊ⁄U 15,000
◊$¡ŒÍ⁄UË 9,000
•Êfl∑§ ÷Ê«∏Ê 3,000
flß 11,000
’Ë◊Ê 4,000
Á∑§⁄UÊÿÊ 9,000
¬˝Êåà ∑§◊ˇʟ 11,000
∑§Êÿʸ‹ÿ √ÿÿ 2,000
≈U‹Ë»§ÊŸ Á’‹ 1,000
»§ŸË¸ø⁄U 21,000
◊Ê≈U⁄U flÒŸ 50,000
¬Í°¡Ë 60,000
’Ò¥∑§ 17,000
2,06,000 2,06,000

•ÁÃÁ⁄UÄà ‚ÍøŸÊ —
(i) 31.3.2020 ∑§Ê S≈UÊÚ∑§ ` 26,000 ÕÊ–

(ii) ◊Ê≈U⁄U flÒŸ ¬⁄U 10% ∑§Ë Œ⁄U ‚ ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–
(iii) «ÍU’à ÃÕÊ ‚¥ÁŒÇœ ´§áÊÊ¥ ∑§ Á‹∞ ŒŸŒÊ⁄UÊ¥ ¬⁄U 10% ¬˝ÊflœÊŸ ’ŸÊß∞–
(iv) •ŒûÊ flß ` 3,000 ÕÊ–
OR / •ÕflÊ

62/OSS/2-320-A ] 10 [ Contd...

Following is the Receipts and Payments Account of Sangam Club for the year ended 31.3.2020.

Receipts and Payments Account of Sangam Club for the year ended 31.3.2020
Amount Amount
Receipts Payments
` `
To balance b/d By Honorarium 70,000
Cash 4,000
Bank 32,000 36,000 By Equipments 80,000
To subscription By Wages 20,000
2018-19 3,000 By Rent 60,000
2019-20 80,000
2020-21 7,000 90,000 By workshop expenses 50,000
To general donations 1,70,000 By Fixed Deposit 1,17,000
(31.3.2020) @ 9% p.a.
By bal. c/d
To Building Fund Donation 3,00,000 Cash 95,000
Bank 1,04,000
5,96,000 5,96,000

Additional Information :

(i) The club has 80 members each paying an annual subscription of ` 1,200.

(ii) On 1.4.2019 the club had equipments ` 2,30,000 and furniture ` 1,50,000.

(iii) Charge depreciation @ 10% on equipment, including equipment purchased during the
year.

(iv) Depreciate furniture by 20%

(v) Wages outstanding were ` 9,000

(vi) Outstanding workshop expenses were ` 14,000.

Prepare Income and Expenditure Account for the year ended 31.3.2020 and Balance Sheet
as on that date.

62/OSS/2-320-A ] 11 [ Contd...

31 ◊Êø¸ 2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ ‚¥ª◊ Ä‹’ ∑§Ê ¬˝ÊÁåà ÃÕÊ ÷ȪÃÊŸ πÊÃÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ „Ò —

31 ◊Êø¸ 2020 ∑§Ê ‚◊Êåà fl·¸ ∑§ Á‹∞ ‚¥ª◊ Ä‹’ ∑§Ê ¬˝ÊÁåà ÃÕÊ ÷ȪÃÊŸ πÊÃÊ
⁄ÊÁ‡Ê ⁄ÊÁ‡Ê
¬˝ÊÁåÃÿÊ° ÷ȪÃÊŸ
` `
‡Ê· ŸËø ‹ÊŸÊ ◊ÊŸŒÿ 70,000
ٻΠ4,000
’Ò¥∑§ 32,000 36,000 ©¬∑§⁄UáÊ 80,000
øãŒÊ ◊$¡ŒÍ⁄UË 20,000
2018-19 3,000 Á∑§⁄UÊÿÊ 60,000
2019-20 80,000
2020-21 7,000 90,000 ∑§Êÿ¸‡ ÊÊ‹Ê √ÿÿ 50,000
‚Ê◊Êãÿ ŒÊŸ 1,70,000 SÕÊÿË ¡◊Ê (31.3.2020) 1,17,000

@ 9% ¬˝ÁÃfl·¸
‡Ê· ŸËø ‹Ê∞
÷flŸ ∑§Ê· ŒÊŸ 3,00,000 ŸªŒ 95,000
’Ò¥∑§ 1,04,000
5,96,000 5,96,000

•ÁÃÁ⁄UÄàÊ ‚ÍøŸÊ —

(i) Ä‹’ ∑§ 80 ‚ŒSÿ „Ò¥ ÃÕÊ ¬˝àÿ∑§ ‚ŒSÿ ` 1,200 flÊÁ·¸∑§ øãŒÊ ŒÃÊ „Ò–

(ii) 1.4.2019 ∑§Ê Ä‹’ ∑§ ¬Ê‚ ` 2,30,000 ∑§ ©¬∑§⁄UáÊ ÃÕÊ ` 1,50,000 ∑§Ê »§ŸË¸ø⁄U ÕÊ–

(iii) fl·¸ ◊¥ ∑˝§ÿ Á∑§∞ ª∞ ©¬∑§⁄UáÊÊ¥ ‚Á„à ©¬∑§⁄UáÊÊ¥ ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–

(iv) »§ŸË¸ø⁄U ¬⁄U 20% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–

(v) •ŒûÊ ◊¡ŒÍ⁄UË ` 9,000 ÕË–

(vi) •ŒûÊ ∑§Êÿ¸‡ÊÊ‹Ê √ÿÿ ` 14,000 Õ–

31 ◊Êø¸ 2020 ∑§Ê ‚◊ÊåàÊ „È∞ fl·¸ ∑§ Á‹∞ •Êÿ ÃÕÊ √ÿÿ πÊÃÊ ÃÕÊ ©‚Ë ÁÃÁÕ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

62/OSS/2-320-A ] 12 [ Contd...

22. X and Y were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31.3.2020 10
their balance sheet was as follows :

Balance Sheet of X and Y as on 31.3.2020
Liabilities Amount Assets Amount
` `
Capitals : Bank 1,30,000
X 2,50,000 Debtors 1,00,000
Y 1,50,000 4,00,000 Less Provision 5,000 95,000
Workman Compensation Fund 40,000 Stock 45,000
General Reserve 80,000 Bills Receivables 60,000
Creditors 1,30,000 Furniture 30,000
Bills Payable 20,000 Machinery 1,10,000
Land and Building 2,00,000
6,70,000 6,70,000

1
On 1.4.2020 Z was admitted as a new partner for th share in the profits on the following
5
terms :

(i) Z will bring ` 1,00,000 as his capital and ` 20,000 for his share of goodwill premium.

(ii) ` 2,000 of the creditors were not likely to claim.

(iii) There was no liability for workman compensation.

(iv) Provision for bad debts was to be raised to ` 8,000 and stock was to be depreciated by
` 5,000.

(v) Furniture and Machinery was to be depreciated by 10% and Land and building was to
be appreciated by ` 20,000.

Prepare Revaluation Account, Partner’s Capital Accounts and the Balance Sheet of the
reconstituted firm.

62/OSS/2-320-A ] 13 [ Contd...

X ÃÕÊ Y ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 2 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê ©Ÿ∑§Ê ÁSÕÁÃ
Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ —

31.3.2020 ∑§Ê X ÃÕÊ Y ∑§Ê ÁSÕÁà Áflfl⁄UáÊ
ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
¬Í°¡Ë — ’Ò¥∑§ 1,30,000
X 2,50,000 ŒŸŒÊ⁄U 1,00,000
Y 1,50,000 4,00,000 ÉÊ≈UÊ ¬˝ÊflœÊŸ 5,000 95,000
∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ê· 40,000 S≈UÊÚ∑§ 45,000
‚Ê◊Êãÿ ‚¥øÿ 80,000 ¬˝Êåÿ Á’‹ 60,000
‹ŸŒÊ⁄U 1,30,000 »§ŸË¸ø⁄U 30,000
Œÿ Á’‹ 20,000 ◊‡ÊËŸ⁄UË 1,10,000
÷ÍÁ◊ ÃÕÊ ÷flŸ 2,00,000
6,70,000 6,70,000

1
1.4.2020 ∑§Ê ©ã„Ê¥Ÿ ‹Ê÷ ∑§ ÷ʪ ∑§ Á‹∞ Z ∑§Ê ÁŸêŸ ‡ÊÃÊZ ¬⁄U ∞∑§ ŸÿÊ ‚ʤÊŒÊ⁄U ’ŸÊÿÊ–
5

(i) Z •¬ŸË ¬Í°¡Ë ∑§ Á‹∞ ` 1,00,000 ÃÕÊ ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§ •¬Ÿ ÷ʪ ∑§ Á‹∞ ` 20,000 ‹ÊÿªÊ–

(ii) ` 2,000 ∑§ ‹ŸŒÊ⁄U ŒÊflÊ Ÿ„Ë¥ ∑§⁄¥Uª–

(iii) ∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ë ∑§Ê߸ ŒÿÃÊ Ÿ„Ë¥ ÕË–

(iv) «ÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ ∑§Ê ` 8,000 Ã∑§ ’…∏ÊŸÊ ÕÊ ÃÕÊ S≈UÊÚ∑§ ¬⁄U ` 5,000 ∑§Ê ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ–

(v) »§ŸË¸ø⁄U ÃÕÊ ◊‡ÊËŸ⁄UË ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ ÃÕÊ ÷ÍÁ◊ ÃÕÊ ÷flŸ ∑§Ê ` 20,000 ‚ ’…∏ÊŸÊ ÕÊ–

¬ÈŸ◊͸ÀÿÊ∑¥§Ÿ πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ¬ÈŸª¸Á∆Uà »§◊¸ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

OR/•ÕflÊ

62/OSS/2-320-A ] 14 [ Contd...

Ajay, Vijay and Kamal were partners in a firm sharing profits and losses in the ratio of
2 : 1 : 1. On 31.3.2020 their Balance Sheet was as follows :

Balance Sheet of Ajay, Vijay and Kamal as on 31.3.2020

Liabilities Amount Assets Amount
` `
Capitals : Bank 75,000
Ajay 2,00,000 Debtors 1,05,000
Vijay 1,00,000 Less Provision 5,000 1,00,000
Kamal 1,00,000 4,00,000 Bills Receivable 25,000
General Reserve 80,000 Stock 80,000
Furniture 60,000
Workman Compensation Fund 40,000 Machinery 2,00,000
Creditors 1,70,000 Land and Building 2,00,000
Bills Payable 50,000
7,40,000 7,40,000

On 1.4.2020 Ajay retired and the following was agreed upon :

(i) Goodwill of the firm was valued at ` 2,40,000 and Ajay’s share of the same was adjusted
through the capital accounts of Vijay and Kamal.

(ii) Liability towards workman compensation fund was estimated at ` 20,000.

(iii) Provision for bad debts was to be increased by ` 10,000 and stock was to be reduced to
` 70,000.

(iv) 10% Depreciation was to be charged on furniture and machinery and land and building
was to be appreciated by ` 50,000.

Prepare Revaluation Account, Partner’s Capital Accounts and the Balance Sheet of the
reconstituted firm.

62/OSS/2-320-A ] 15 [ Contd...

•¡ÿ, Áfl¡ÿ ÃÕÊ ∑§◊‹ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 2 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê
©Ÿ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ–

31.3.2020 ∑§ •¡ÿ, Áfl¡ÿ ÃÕÊ ∑§◊‹ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
¬Í°¡Ë — ’Ò¥∑§ 75,000
•¡ÿ 2,00,000 ŒŸŒÊ⁄U 1,05,000
Áfl¡ÿ 1,00,000 ÉÊ≈UÊ ¬˝ÊflœÊŸ 5,000 1,00,000
∑§◊‹ 1,00,000 4,00,000 ¬˝Êåÿ Á’‹ 25,000
‚Ê◊Êãÿ ‚¥øÿ 80,000 S≈UÊÚ∑§ 80,000
»§ŸË¸ø⁄U 60,000
∑§Ê◊ªÊ⁄U ˇÊÁìÍÃ˸ ∑§Ê· 40,000 ◊‡ÊËŸ⁄UË 2,00,000
‹ŸŒÊ⁄U 1,70,000 ÷ÍÁ◊ ÃÕÊ ÷flŸ 2,00,000
Œÿ Á’‹ 50,000
7,40,000 7,40,000

1.4.2020 ∑§Ê •¡ÿ Ÿ •fl∑§Ê‡Ê ª˝„áÊ Á∑§ÿÊ ÃÕÊ ÁŸêŸ ¬⁄U ‚„◊Áà „È߸–

(i) »§◊¸ ∑§Ë ÅÿÊÁà ∑§Ê ◊ÍÀÿÊ¥∑§ ` 2,40,000 ÕÊ ÃÕÊ ß‚◊¥ ‚ •¡ÿ ∑§ ÷ʪ ∑§Ê ‚◊ÊÿÊ¡Ÿ Áfl¡ÿ ÃÕÊ ∑§◊‹ ∑§
¬Í°¡Ë πÊÃÊ¥ ∑§ ◊Êäÿ◊ ‚ Á∑§ÿÊ ¡ÊÿªÊ–

(ii) ∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ë ŒÿÃÊ ∑§Ê •ŸÈ◊ÊŸ ` 20,000 ‹ªÊÿÊ ªÿÊ–

(iii) «ÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ ∑§Ê ` 10,000 ’…∏ÊŸÊ ÕÊ ÃÕÊ S≈UÊÚ∑§ ∑§Ê ` 70,000 Ã∑§ ∑§◊ ∑§⁄UŸÊ ÕÊ–

(iv) »§ŸË¸ø⁄U ÃÕÊ ◊‡ÊËŸ⁄UË ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ ÃÕÊ ÷ÍÁ◊ ÃÕÊ ÷flŸ ∑§Ê ` 50,000 ’…∏ÊŸÊ ÕÊ–

¬ÈŸ◊͸ÀÿÊ¥∑§Ÿ πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ¬ÈŸª¸Á∆Uà »§◊¸ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

62/OSS/2-320-A ] 16 [ Contd...

SECTION - B/πá«U - ’

OPTION - I/Áfl∑§À¬ - I
(Analysis of Financial Statements)

(ÁflûÊËÿ Áflfl⁄UáÊÊ¥ ∑§Ê Áfl‡‹·áÊ)

23. List any two items that are presented under the heading ‘Fixed Assets’ in the Balance Sheet 1
of a company.

Á∑§‚Ë ∑§ê¬ŸË ∑§ ÁSÕÁà Áflfl⁄UáÊ ◊¥ SÕÊÿË ¬Á⁄U‚ê¬ÁûÊÿÊ¥ ∑§ •ãê¸Ã Œ‡ÊʸÿË ¡ÊŸflÊ‹Ë Á∑§ã„Ë¥ ŒÊ ◊ŒÊ¥ ∑§Ë ‚ÍøË ŒËÁ¡∞–

24. Briefly explain the interest of ‘management’ and ‘investors’ in the analysis of financial 3
statements.

ÁflûÊËÿ Áflfl⁄UáÊ Áfl‡‹·áÊ ◊¥ “¬˝’¥œŸ” ÃÕÊ “ÁŸfl‡Ê∑§Ê¥” ∑§ Á„à ∑§Ê ‚¥ˇÊ¬ ◊¥ ‚◊¤ÊÊß∞–

25. Explain any five advantages of ‘ratio analysis’. 5

“•ŸÈ¬Êà Áfl‡‹·áÊ” ∑§ Á∑§ã„Ë¥ ¬Ê°ø ‹Ê÷Ê¥ ∑§Ê ‚◊¤ÊÊß∞–

26. From the following information obtained from the books of KL Ltd. ; calculate : 5
(i) Debt - Equity Ratio and
(ii) Proprietary Ratio
Information : Equity Share Capital ` 5,00,000 ;
Preference Share Capital ` 3,00,000 ;
Reserves and surplus ` 50,000 ;
9% Debentures ` 4,00,000 ; Creditors ` 1,60,000 and Debtors ` 2,00,000.

∑§.∞‹. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ‚ ¬˝ÊåàÊ ÁŸêŸ ‚ÍøŸÊ ‚ ÁŸêŸ •ŸÈ¬ÊÃÊ¥ ∑§Ë ªáÊŸÊ ∑§ËÁ¡∞ —
(i) ´§áÊ - ‚◊ÃÊ •ŸÈ¬Êà ÃÕÊ
(ii) SflÊÁ◊àfl •ŸÈ¬ÊÃ
‚ÍøŸÊ — ‚◊ÃÊ •¥‡Ê ¬Í°¡Ë ` 5,00,000 ;
¬ÍflʸÁœ∑§Ê⁄U •¥‡Ê ¬Í°¡Ë ` 3,00,000 ;
‚¥øÿ ∞fl¥ •ÊÁœÄÿ ` 50,000 ;
9% ´§áʬòÊ ` 4,00,000; ‹ŸŒÊ⁄U ` 1,60,000 ÃÕÊ ŒŸŒÊ⁄U ` 2,00,000.

62/OSS/2-320-A ] 17 [ Contd...

27. From the following Balance Sheet of SY Ltd., as at 31.3.2020, prepare a ‘cash flow statement’. 6
SY Ltd. Balance Sheet as at 31.3.2020

S.No. Particulars Note No. 31.3.2020 31.3.2019
` `
I EQUITY AND LIABILITIES
1. Shareholder's Funds
(a) Share Capital 10,00,000 10,00,000
(b) Reserve and Surplus 1 3,00,000 1,00,000
2. Non-Current Liabilities :
Long-term Borrowings 5,00,000 3,00,000
(10% Debentures)
3. Current Liabilities :
(a) Trade Payables 1,50,000 1,00,000
(b) Provision for bad debts 10,000 20,000
Total 19,60,000 15,20,000
II ASSETS
1. Non-Current Assets :
(a) Fixed Assets
(i) Tangible : Land and Building 12,00,000 8,00,000
(ii) Intangible : Goodwill - 20,000
2. Current Assets :
(a) Trade Receivables 3,40,000 1,60,000
(b) Inventories 1,80,000 2,80,000
(c) Cash and Cash Equivalents 1,50,000 1,00,000
(d) Short-term Loans and Advances 90,000 1,60,000
Total 19,60,000 15,20,000

Notes to Accounts :

Note No. Particulars 31.3.2020 31.3.2019
` `
1. Reserves and Surplus (Surplus i.e. Balance
in the statement of Profit and Loss) 3,00,000 1,00,000
3,00,000 1,00,000

Additional Information :
` 2,00,000 ; 10% Debentures were issued on 31.3.2020.

62/OSS/2-320-A ] 18 [ Contd...

31.3.2020 ∑§Ê SY Á‹Á◊≈U«U ∑§ ÁŸêŸ ÁSÕÁà Áflfl⁄UáÊ ‚ “⁄UÊ∑§«∏ ¬˝flÊ„ Áflfl⁄UáÊ” ÃÒÿÊ⁄U ∑§ËÁ¡∞–
SY Á‹Á◊≈U«U 31.3.2020 ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

∑˝§. ‚¥. Áflfl⁄UáÊ ŸÊ≈U ‚¥ïÅÿÊ 31.3.2020 31.3.2019
` `
I ‚◊ÃÊ ∞fl¥ ŒÿÃÊ∞°
1. •¥‡ÊœÊ⁄UË ÁŸÁœÿÊ°
(a) •¥‡ Ê ¬Í°¡Ë 10,00,000 10,00,000
(b) ‚¥øÿ ∞fl¥ •ÊÁœÄÿ 1 3,00,000 1,00,000
2. •ø‹ ŒÿÃÊ∞°
ŒËÉʸ∑§Ê‹ËŸ ´§áÊ 5,00,000 3,00,000
(10% ´§áʬòÊ)
3. øÊ‹Í ŒÿÃÊ∞°
(a) √ÿʬÊÁ⁄U∑§ Œÿ 1,50,000 1,00,000
(b) «UÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ 10,000 20,000
∑ȧ‹ 19,60,000 15,20,000
II ¬Á⁄U‚ï¬ÁûÊÿÊ°
ê¬ÁûÊÿÊ°
1. •ø‹ ¬Á⁄U‚ê¬ÁûÊÿÊ°
ï¬ÁûÊÿÊ° —
(a) SÕÊÿË ¬Á⁄U‚ï¬ÁûÊÿÊ°
ê¬ÁûÊÿÊ°
(i) ◊Íø — ÷ÍÁ◊ ∞fl¥ ÷flŸ 12,00,000 8,00,000
(ii) •◊Íø — ÅÿÊÁÃ
ïÿÊÁÃ - 20,000
2. øÊ‹Í ¬UÁ⁄U‚¥¬ÁûÊÿÊ°
(a) √ÿʬÊUÁ⁄U∑§ ¬˝Êåÿ 3,40,000 1,60,000
(b) S≈UÊÚ∑§ 1,80,000 2,80,000
(c) ⁄UÊ∑§«∏ ∞fl¥ ⁄UÊ∑§«∏ ÃÈÀÿ 1,50,000 1,00,000
(d) ‹ÉÊÈ∑§Ê‹ËŸ ´§áÊ ∞fl¥ •Áª˝◊ 90,000 1,60,000
∑ȧ‹ 19,60,000 15,20,000
πÊÃÊ¥ ∑§ ŸÊ≈U‚˜ —
ŸÊ≈U ‚¥. Áflfl⁄UáÊ 31.3.2020 31.3.2019
` `
1. ‚¥øÿ ∞fl¥ •ÊÁœÄÿ (•ÊÁœÄÿ •Õʸà ‹Ê÷-„ÊÁŸ
Áflfl⁄UáÊ ∑§Ê ‡Ê·) 3,00,000 1,00,000
3,00,000 1,00,000
•ÁÃÁ⁄UÄàÊ ‚ÍøŸÊ —
` 2,00,000 ; 10% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ 31.3.2020 ∑§Ê Á∑§ÿÊ ªÿÊ–

62/OSS/2-320-A ] 19 [ Contd...

OPTION - II/Áfl∑§À¬ -II
(Application of Computers in Financial Accounting)
(∑§êåÿÍ≈U⁄U ∑§Ê ÁflûÊËÿ ‹πÊ¥∑§Ÿ ◊¥ ©¬ÿÊª)

23. What is meant by ‘Resizing of Chart’ ? 1
“øÊ≈¸U ∑§Ê •Ê∑§Ê⁄U ’Œ‹Ÿ” ∑§Ê ÄÿÊ •Õ¸ „Ò?

24. Briefly describe the types of data tables used in Excel. 3
∞Ä‚‹ ◊¥ ©¬ÿÊª ∑§Ë ¡ÊŸflÊ‹Ë «U≈UÊ ‚Ê⁄UáÊË ∑§ ¬˝∑§Ê⁄UÊ¥ ∑§Ê fláʸŸ ∑§ËÁ¡∞–

25. Explain the elements used in ‘Payroll calculations’. 5
“¬⁄UÊ‹ ªáÊŸÊ” ∑§ Á‹∞ ©¬ÿÊª Á∑§∞ ¡ÊŸflÊ‹ ÉÊ≈U∑§Ê¥ ∑§Ê ‚◊¤ÊÊß∞–

26. Explain the steps to create tables in excess. 5
∞Ä‚‚ ◊¥ ‚Ê⁄UáÊË ‚ΡŸ ∑§ ø⁄UáÊÊ¥ ∑§Ê ‚◊¤ÊÊß∞–

27. Describe the advantages in using graphs and charts. 6
ª˝Ê»§ ÃÕÊ øÊ≈¸U ∑§ ©¬ÿÊª ∑§ ‹Ê÷Ê¥ ∑§Ê fláʸŸ ∑§ËÁ¡∞–

-o0o-

62/OSS/2-320-A ] 20 [ Contd...

This Question Paper consists of 32 [Section-A(22)+Section-B(5+5)] questions and 20 printed pages.
ß‚ ¬˝‡Ÿ-¬òÊ ◊¥ 32 ¬˝‡Ÿ [πá«U-• (22) + πá«-’ (5+5)] ¬˝‡Ÿ ÃÕÊ 20 ◊ÈÁŒ˝Ã ¬Îc∆U „Ò¥–
Roll No. Code No.
•ŸÈ∑˝§◊Ê¥∑§ ∑§Ê«U Ÿ¥. 62/OSS/2
ACCOUNTANCY
(‹πÊ¥∑§Ÿ)
(PRINCIPLES AND PRACTICE OF FINANCIAL ACCOUNTING) Set/‚≈U B
(ÁflûÊËÿ ‹πÊ¥∑§Ÿ ∑§ Á‚hÊãà ∞fl¥ √ÿfl„Ê⁄U)
(320)
Day and Date of Examination
¬⁄UˡÊÊ ∑§Ê ÁŒŸ fl ÁŒŸÊ¥∑§
Signature of Invigilators 1.
ÁŸ⁄UˡÊ∑§Ê¥ ∑§ „SÃÊˇÊ⁄U
2.

General Instructions :
1. Candidate must write his/her Roll Number on the first page of the Question Paper.
2. Please check the Question Paper to verify that the total pages and total number of questions contained in the
Question Paper are the same as those printed on the top of the first page. Also check to see that the questions are
in sequential order.
3. Making any identification mark in the Answer-Book or writing Roll Number anywhere other than the specified
places will lead to disqualification of the candidate.
4. Write your Question Paper Code No. 62/OSS/2-B on the Answer-Book.
5. (a) The Question Paper is in English/Hindi medium only. However, if you wish, you can answer in any one
of the languages listed below :
English, Hindi, Urdu, Punjabi, Bengali, Tamil, Malayalam, Kannada, Telugu, Marathi, Oriya, Gujarati,
Konkani, Manipuri, Assamese, Nepali, Kashmiri, Sanskrit and Sindhi. You are required to indicate the
language you have chosen to answer in the box provided in the Answer-Book.
(b) If you choose to write the answer in the language other than Hindi and English, the responsibility for any
errors/mistakes in understanding the question will be yours only.
‚Ê◊Êãÿ •ŸÈŒ‡Ê —
1. ¬⁄UˡÊÊÕ˸ ¬˝‡Ÿ¬òÊ ∑§ §¬„‹ ¬Îc∆U ¬⁄U •¬ŸÊ •ŸÈ∑˝§◊Ê¥∑§ •fl‡ÿU Á‹π¥–
2. ∑Χ¬ÿÊ ¬˝‡Ÿ¬òÊ ∑§Ê ¡ÊÚ°ø ‹¥ Á∑§ ¬˝‡Ÿ¬òÊ ∑§ ∑ȧ‹ ¬Îc∆UÊ¥ ÃÕÊ ¬˝‡ŸÊ¥ ∑§Ë ©ÃŸË „Ë ‚¥ÅUÿÊ „Ò Á¡ÃŸË ¬˝Õ◊ ¬Îc∆ ∑ §‚’‚ ™§¬⁄U ¿U¬Ë „Ò– ß‚ ’ÊÃ
∑§Ë ¡ÊÚ°ø ÷Ë ∑§⁄U ‹¥ Á∑§ ¬˝‡Ÿ ∑˝ Á◊∑§ UM§¬ ◊¥ „Ò¥–
3. § ©ûÊ⁄U-¬ÈÁSUÃ∑§Ê ◊¥ ¬„øÊŸ-Áøq ’ŸÊŸ •ÕflÊ ÁŸÁŒ¸c≈U SÕÊŸÊ¥ ∑§§ •ÁÃÁ⁄UÄà ∑§„Ë¥ ÷Ë •ŸÈ∑˝§◊Ê¥∑§ Á‹πŸ ¬⁄U ¬⁄UˡÊÊÕ˸ ∑§Ê •ÿÊÇÿ ∆U„⁄UÊÿÊ
¡ÊÿªÊ–
4. •¬ŸË ©ûÊ⁄U-¬ÈÁSUÃ∑§Ê ¬⁄U ¬˝‡Ÿ¬òÊ ∑§Ë ∑§Ê«U ‚¥ÅÿÊ 62/OSS/2-B Á‹π¥–
5. (∑§) ¬˝‡Ÿ¬òÊ ∑§fl‹ Á„¥ŒË/•¥ª˝¡Ë ◊¥ „Ò– Á»§⁄U ÷Ë, ÿÁŒ •Ê¬ øÊ„¥ ÃÊ ŸËø ŒË ªß¸ Á∑§‚Ë ∞∑§ ÷Ê·Ê ◊¥ ©ûÊ⁄ Œ ‚∑§Ã „Ò¥ —
•¥ª˝¡Ë, Á„¥ŒË, ©ŒÍ¸, ¬¥¡Ê’Ë, ’°ª‹Ê, ÃÁ◊‹, ◊‹ÿÊ‹◊, ∑§ãŸ«∏, Ã‹ÈªÈ, ◊⁄UÊ∆UË, ©Á«∏ÿÊ, ªÈ¡⁄UÊÃË, ∑§Ê¥∑§áÊË, ◊ÁáʬÈ⁄UË, •‚Á◊ÿÊ,
Ÿ¬Ê‹Ë, ∑§‡◊Ë⁄UË, ‚¥S∑Χç•ÊÒ⁄U Á‚¥œË–
∑Χ¬ÿÊ ©ûÊ⁄U-¬ÈÁSÃ∑§Ê ◊¥ ÁŒ∞ ª∞ ’ÊÚÄ‚ ◊¥ Á‹π¥ Á∑§ •Ê¬ Á∑§‚ ÷Ê·Ê ◊¥ ©ûÊ⁄U Á‹π ⁄U„ „Ò¥– §
(π) ÿÁŒ •Ê¬ Á„¥ŒË ∞fl¥ •¥ª˝¡Ë ∑§ •ÁÃÁ⁄UÄà Á∑§‚Ë •ãÿ ÷Ê·Ê ◊¥ ©ûÊ⁄U Á‹πÃ „Ò¥, ÃÊ ¬˝‡Ÿ ∑§Ê ‚◊¤ÊŸ ◊¥ „ÊŸ flÊ‹Ë
òÊÈÁ≈UÿÊ¥/ª‹ÁÃÿÊ¥ ∑§Ë Á¡ê◊UŒÊ⁄Ë ∑ fl‹ •Ê¬∑§Ë „ÊªË–

62/OSS/2-320-B ] 1 [ Contd...

ACCOUNTANCY
(‹πÊ¥∑§Ÿ)
(PRINCIPLES AND PRACTICE OF FINANCIAL ACCOUNTING)
(ÁflûÊËÿ ‹πÊ¥∑§Ÿ ∑§ Á‚hÊãà ∞fl¥ √ÿfl„Ê⁄U)
(320)
Time : 3 Hours ] [ Maximum Marks : 100
‚◊ÿ — 3 ÉÊá≈U ] [ ¬ÍáÊÊZ∑§ — 100

Note : (i) This Question Paper has two Sections-Section ‘A’ and Section ‘B’.
(ii) Attempt all questions of Section ‘A’ Section ‘B’ has two options. Candidates are required
to attempt questions from one option only.
(iii) Each question from Question Nos. 1 to 9 has four alternatives - (A), (B), (C) and (D) out
of which one is most appropriate. Choose the correct answer among the four alternatives
and write it in your Answer-Book against the Number of the question. No extra time is
allotted for attempting multiple choice questions.

ÁŸŒ¸‡Ê — (i) ß‚ ¬˝‡Ÿ-¬òÊ ◊¥ ŒÊ πá«U „Ò¥ - πá«U “•” ∞fl¥ πá«U “’”–
(ii) πá«U “•” ∑§ ‚÷Ë ¬˝‡ŸÊ¥ ∑§Ê „‹ ∑§⁄UŸÊ „Ò¥– πá«U “’” ◊¥ ŒÊ Áfl∑§À¬ „Ò¥– ¬⁄UˡÊÊÁÕ¸ÿÊ¥ ∑§Ê ∑§fl‹ ∞∑§ Áfl∑§À¬
∑§ „Ë ¬˝‡ŸÊ¥ ∑§ ©ûÊ⁄U ŒŸ „Ò¥–
(iii) ¬˝‡Ÿ ‚¥ÅÿÊ 1 ‚ 9 Ã∑§ ∑§ ¬˝àÿ∑§ ¬˝‡Ÿ ◊¥ øÊ⁄U Áfl∑§À¬ - (A), (B), (C) ÃÕÊ (D) „Ò¥, Á¡Ÿ◊¥ ‚ ∞∑§ ‚’‚
‚flʸÁœ∑§ ©¬ÿÈÄà „Ò¥– øÊ⁄UÊ¥ Áfl∑§À¬Ê¥ ◊¥ ‚ ‚„Ë ©ûÊ⁄U øÈŸ¥ ÃÕÊ •¬ŸË ©ûÊ⁄U-¬ÈÁSÃ∑§Ê ◊¥ ¬˝‡Ÿ ‚¥ÅÿÊ ∑§ ‚Ê◊Ÿ
©ûÊ⁄U Á‹π¥– ’„ÈÁfl∑§À¬Ë ¬˝‡ŸÊ¥ ∑§ Á‹ÿ •ÁÃÁ⁄UÄà ‚◊ÿ Ÿ„Ë¥ ÁŒÿÊ ¡ÊÿªÊ–

SECTION-A/πá«U-•

1. JK Ltd., forfeited 100 shares of ` 10 each ` 8 called up for the non payment of the first call of 1
` 2 per share. The share forfeited amount will be :
(A) ` 600 (B) ` 800 (C) ` 200 (D) ` 1000
¡.∑§. Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 100 •¥‡ÊÊ¥ Á¡Ÿ ¬⁄U ` 8 ¬˝àÿ∑§ •¥‡Ê ◊Ê¥ªÊ ªÿÊ ÕÊ, ` 2 ¬˝àÿ∑§ •¥‡Ê ∑§Ë ¬˝Õ◊ ◊Ê¥ª
∑§Ê ÷ȪÃÊŸ Ÿ ∑§⁄UŸ ¬⁄U „⁄UáÊ ∑§⁄U Á‹ÿÊ– „⁄UáÊ ⁄UÊÁ‡Ê „ÊªË —
(A) ` 600 (B) ` 800 (C) ` 200 (D) ` 1000

2. Shares of ` 10 have been issued at ` 11 per share. These shares will be called as issued at : 1
(A) Par (B) Premium
(C) Discount (D) For consideration other than cash
` 10 ¬˝àÿ∑§ ∑§ •¥‡ÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ` 11 ¬˝Áà •¥‡Ê Á∑§ÿÊ ªÿÊ– ÁŸª¸Á◊à Á∑§ÿÊ ªÿÊ •¥‡ÊÊ¥ ∑§Ê ◊ÊŸÊ ¡ÊÿªÊ —
(A) ‚◊◊ÍÀÿ ¬⁄U (B) ¬˝ËÁ◊ÿ◊ ¬⁄U
(C) ’^ ¬⁄U (D) ⁄UÊ∑§«∏ ∑§Ê ¿UÊ«∏∑§⁄U •ãÿ ◊ÍÀÿ ¬⁄U

62/OSS/2-320-B ] 2 [ Contd...

3. X Ltd., invited applications for issuing 10,000 equity shares of ` 10 each. Applications were 1
received for 9,800 shares. The issue will be called :
(A) Fully subscribed (B) Over subscribed
(C) Under subscribed (D) Partly subscribed
X Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 10,000 •¥‡ÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– 9,800 •¥‡ÊÊ¥ ∑§ Á‹∞
•ÊflŒŸ ¬˝Êåà „È∞– ÁŸª¸◊Ÿ ∑§Ê ∑§„Ê ¡ÊÿªÊ —
(A) ¬Íáʸ •Á÷ŒûÊ (B) •Áœ •Á÷ŒûÊ
(C) ãÿÍŸ •Á÷ŒûÊ (D) •Ê¥Á‡Ê∑§ •Á÷ŒûÊ
4. Sanjana, Riva and Mysha were partners in a firm with fixed Capitals of ` 10,00,000 ; 1
` 8,00,000 and ` 6,00,000 respectively. Sanjana retired. On her retirement goodwill of the
firm was valued at ` 60,000. The amount of goodwill that would be credited to Sanjana
Capital Account on her retirement will be :
(A) ` 60,000 (B) ` 20,000 (C) ` 25,000 (D) ` 30,000
‚¥¡ŸÊ, ⁄UËflÊ ÃÕÊ ◊Êÿ‡ÊÊ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U „¥Ò– ©Ÿ∑§Ë SÕÊÿË ¬Í°¡Ë ∑˝§◊‡Ê— ` 10,00,000 ; ` 8,00,000 ÃÕÊ
` 6,00,000 ÕË– ‚¥¡ŸÊ Ÿ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄U Á‹ÿÊ– ©‚∑§ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄UŸ ¬⁄U »§◊¸ ∑§Ë ÅÿÊÁà ∑§Ê ◊ÍÀÿ
` 60,000 ÕÊ– ‚¥¡ŸÊ ∑§ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄UŸ ¬⁄U ©‚∑§ ¬Í°¡Ë πÊÃ ∑§ ¡◊Ê ¬ˇÊ ◊¥ πÃÊÒŸË ∑§Ë ¡ÊŸflÊ‹Ë ÅÿÊÁà ∑§Ë
⁄UÊÁ‡Ê „ÊªË —
(A) ` 60,000 (B) ` 20,000 (C) ` 25,000 (D) ` 30,000

5. Ram and Mohan were partners in a firm. Mohan withdrew ` 4,000 for his personal use on 1
15th day of each month. Interest on Mohan’s total drawings will be calculated for :
(A) 7 1 2 months (B) 7 months

(C) 6 1 2 months (D) 6 months
⁄UÊ◊ ÃÕÊ ◊Ê„Ÿ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U „Ò¥– ¬˝àÿ∑§ ◊Ê„ ∑§ 15 fl¥ ÁŒŸ ◊Ê„Ÿ •¬Ÿ √ÿÁÄêà ©¬ÿÊª ∑§ Á‹∞ ` 4,000
∑§Ê •Ê„⁄UáÊ ∑§⁄UÃÊ ÕÊ– ◊Ê„Ÿ ∑§ ∑ȧ‹ •Ê„⁄UáÊ ¬⁄U éÿÊ¡ ∑§Ë ªáÊŸÊ ∑§Ë ¡ÊÿªË —
(A) 7 1 2 ◊„ËŸÊ¥ ∑§ Á‹∞ (B) 7 ◊„ËŸÊ¥ ∑§ Á‹∞

(C) 6 1 2 ◊„ËŸÊ¥ ∑§ Á‹∞ (D) 6 ◊„ËŸÊ¥ ∑§ Á‹∞

6. A, B and C are partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. D was 1
1
admitted as a new partner for share in the profits. D brought ` 20,000 as his share of
5
goodwill premium. The amount of goodwill premium credited to C’s account will be :
(A) ` 20,000 (B) ` 6,667 (C) ` 4,000 (D) NIL
1
A, B ÃÕÊ C ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– D ∑§Ê ‹Ê÷Ê¥ ◊¥ ÷ʪ ∑§
5
Á‹∞ ∞∑§ ŸÿÊ ‚ʤÊŒÊ⁄U ’ŸÊÿÊ ªÿÊ– D ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§ •¬Ÿ ÷ʪ ∑§ Á‹∞ ` 20,000 ‹ÊÿÊ– C ∑§ πÊÃ ∑§ ¡◊Ê
¬ˇÊ ◊¥ πÃÊÒŸË ∑§Ë ¡ÊŸ flÊ‹Ë ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§Ë ⁄UÊÁ‡Ê „ÊªË —
(A) ` 20,000 (B) ` 6,667 (C) ` 4,000 (D) NIL

62/OSS/2-320-B ] 3 [ Contd...

7. Loss on revaluation of assets and reassessment of liabilities is debited to which of the following 1
accounts :
(A) Partners Capital Accounts
(B) Profit and Loss Account
(C) Profit and Loss Appropriation Account
(D) Profit and Loss Adjustment Account
¬Á⁄U‚ê¬ÁûÊÿÊ¥ ∑§ ¬ÈŸ◊͸ÀÿÊ¥∑§Ÿ ÃÕÊ ŒÿÃÊ•Ê¥ ∑§ ¬ÈŸÁŸ¸œÊ¸⁄UáÊ ∑§Ë „ÊÁŸ ∑§Ë πÃÊÒŸË ÁŸêŸ ◊¥ ‚ Á∑§‚∑§ πÊÃ ŸÊ◊ ¬ˇÊ ◊¥
∑§Ë ¡ÊÃË „Ò —
(A) ‚ʤÊŒÊ⁄U ∑§ ¬Í°¡Ë πÊÃ
(B) ‹Ê÷-„ÊÁŸ πÊÃÊ
(C) ‹Ê÷-„ÊÁŸ ÁflÁŸÿÊ¡Ÿ πÊÃÊ
(D) ‹Ê÷-„ÊÁŸ ‚◊ÊÿÊ¡Ÿ πÊÃÊ

8. Gross profit is transferred from Trading Account to : 1
(A) Debit side of Profit and Loss Account
(B) Credit side of Profit and Loss Account
(C) Asset side of Balance Sheet
(D) Liability side of Balance Sheet
‚∑§‹ ‹Ê÷ √ÿʬÊ⁄U πÊÃ ‚ „SÃÊ¥ÃÁ⁄Uà Á∑§ÿÊ ¡ÊÃÊ „Ò —
(A) ‹Ê÷-„ÊÁŸ πÊÃ ∑§ ŸÊ◊ ¬ˇÊ ◊¥
(B) ‹Ê÷-„ÊÁŸ πÊÃ ∑§ ¡◊Ê ¬ˇÊ ◊¥
(C) ÁSÕÁà Áflfl⁄UáÊ ∑§ ¬Á⁄U‚ê¬ÁûÊ ¬ˇÊ ∑§Ë •Ê⁄U
(D) ÁSÕÁà Áflfl⁄UáÊ ∑§ ŒÿÃÊ ¬ˇÊ ∑§Ë •Ê⁄U

9. X Ltd. issued 1000, 9% debentures of ` 100 each at a premium of 25% redeemable at a 1
premium of 10%. The amount of securities premium reserve will be :
(A) ` 25,000 (B) ` 10,000 (C) ` 35,000 (D) ` 15,000
X Á‹Á◊≈U«U Ÿ ` 100 ¬˝àÿ∑§ ∑§ 1000, 9% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ 25% ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U Á∑§ÿÊ– ߟ ´§áʬòÊÊ¥ ∑§Ê
‡ÊÊœŸ 10% ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ∑§⁄UŸÊ ÕÊ– ¬˝ÁÃ÷ÍÁà ¬˝ËÁ◊ÿ◊ ‚¥øÿ ∑§Ë ⁄UÊÁ‡Ê „ÊªË —
(A) ` 25,000 (B) ` 10,000 (C) ` 35,000 (D) ` 15,000

10. What is meant by ‘Secret Reserve’ ? 3
“ªÈåà ‚¥øÿ” ∑§Ê ÄÿÊ •Õ¸ „Ò?

11. Briefly explain any three objectives of preparing financial statements. 3
ÁflûÊËÿ Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§⁄UŸ ∑§ Á∑§ã„Ë¥ ÃËŸ ©g‡ÿÊ¥ ∑§Ê ‚¥ˇÊ¬ ◊¥ ‚◊¤ÊÊß∞–

12. Give any three points of difference between ‘Fixed Capital Accounts’ and ‘Fluctuating Capital 3
Accounts’.
“SÕÊÿË ¬Í°¡Ë πÊÃÊ” ÃÕÊ “¬Á⁄UfløŸ‡ÊË‹ ¬Í°¡Ë πÊÃÊ” ◊¥ •ãÃ⁄U ∑§ ∑§Ê߸ ÃËŸ Á’ãŒÈ ŒËÁ¡∞–

62/OSS/2-320-B ] 4 [ Contd...

13. On 1.1.2015 M/s K.R. purchased a machinery for ` 20,00,000. Depreciation is charged @ 5
20% p.a. on diminishing balance method. On 30.6.2019 the machinery was sold at a loss of
` 20,000.
Prepare Machinery Account for the years 2015 to 2019 assuming that the books of accounts
are closed on 31st December every year.

1.1.2015 ∑§Ê M/s ∑§.•Ê⁄U. Ÿ ` 20,00,000 ∑§Ë ∞∑§ ◊‡ÊËŸ⁄UË ∑§Ê ∑˝§ÿ Á∑§ÿÊ– ÉÊ≈UÃË ‡Ê· ÁflÁœ ∑§ •ÊœÊ⁄U ¬⁄U
◊ÍÀÿOÊ‚ 20% flÊÁ·¸∑§ ∑§Ë Œ⁄U ‚ ‹ªÊÿÊ ¡ÊÃÊ „Ò– 30.6.2019 ∑§Ê ◊‡ÊËŸ⁄UË ∑§Ê ` 20,000 ∑§Ë „ÊÁŸ ¬⁄U ’ø ÁŒÿÊ
ªÿÊ–
ÿ„ ◊ÊŸÃ „È∞ ∑§Ë πÊÃÊ ¬ÈSÃ∑¥§ ¬˝ÁÃfl·¸ 31 ÁŒ‚ê’⁄U ∑§Ê ’㌠∑§⁄U ŒË ¡ÊÃË „Ò, fl·¸ 2015 ‚ fl·¸ 2019 ∑§Ê ◊‡ÊËŸ⁄UË
πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

14. From the following information calculate total purchases for the year ended 31.12.2020 : 5
`
Opening balance of creditors 80,000
Opening balance of bills payable 30,000
Closing balance of bills payable 20,000
Closing balance of creditors 1,60,000
Cash paid to creditors during the year 3,70,000
Bills payable met during the year 90,000
Purchases Returns 10,000
Cash purchases 25% of credit purchases.

ÁŸêŸ ‚ÍøŸÊ ‚ 31.12.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ ∑ȧ‹ ∑˝§ÿ ∑§Ë ªáÊŸÊ ∑§ËÁ¡∞ —
`

‹ŸŒÊ⁄UÊ¥ ∑§Ê •Ê⁄UÁê÷∑§ ‡Ê· 80,000

Œÿ Áfl¬òÊÊ¥ ∑§Ê •Ê⁄UÁê÷∑§ ‡Ê· 30,000

Œÿ Áfl¬òÊÊ¥ ∑§Ê •ÁãÃ◊ ‡Ê· 20,000

‹ŸŒÊ⁄UÊ¥ ∑§Ê •ÁãÃ◊ ‡Ê· 1,60,000

fl·¸ ◊¥ ‹ŸŒÊ⁄UÊ¥ ∑§Ê ŸªŒ ÷ȪÃÊŸ 3,70,000

fl·¸ ◊¥ Œÿ Áfl¬òÊÊ¥ ∑§Ê ÷ȪÃÊŸ 90,000

∑˝§ÿ flʬ‚Ë 10,000

ŸªŒ ∑˝§ÿ, ©œÊ⁄U ∑˝§ÿ ∑§Ê 25%.

62/OSS/2-320-B ] 5 [ Contd...

15. Ravi and Rohan were partners in a firm sharing profits and losses equally. Their fixed capitals 5
were ` 10,00,000 and ` 15,00,000 respectively. The partnership deed provided for the
following :
(i) Interest on capital @ 6% p.a.
(ii) Interest on partners drawings @ 12% p.a.
(iii) A monthly salary of ` 3,000 to Ravi and salary of ` 8,000 per quarter to Rohan.
During the year Ravi withdrew ` 20,000 and Rohan withdrew ` 30,000. The profit of the
firm for the year ended 31.3.2020 was ` 3,48,000.
Prepare Profit and Loss Appropriation Account of Ravi and Rohan for the year ended
31.3.2020.
⁄UÁfl ÃÕÊ ⁄UÊ„Ÿ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ ‹Ê÷-„ÊÁŸ ’⁄UÊ’⁄U ’Ê¥≈UÃ Õ– ©Ÿ∑§Ë SÕÊÿË ¬Í°¡Ë ∑˝§◊‡Ê— ` 10,00,000
ÃÕÊ ` 15,00,000 ÕË– ‚ʤÊŒÊ⁄UË ‚¥‹π ◊¥ ÁŸêŸ ∑§Ê ¬˝ÊflœÊŸ ÕÊ —
(i) ¬Í°¡Ë ¬⁄U 6% flÊÁ·¸∑§ Œ⁄U ‚ éÿÊ¡–
(ii) ‚ʤÊŒÊ⁄UÊ¥ ∑§ •Ê„⁄UáÊ ¬⁄U 12% flÊÁ·¸∑§ Œ⁄U ‚ éÿÊ¡–
(iii) ⁄UÁfl ∑§Ê ` 3,000 ◊ÊÁ‚∑§ flß ÃÕÊ ⁄UÊ„Ÿ ∑§Ê ` 8,000 òÊÒ◊ÊÁ‚∑§ flß–
fl·¸÷⁄U ◊¥ ⁄UÁfl Ÿ ` 20,000 ∑§Ê •Ê„⁄UáÊ Á∑§ÿÊ ÃÕÊ ⁄UÊ„Ÿ Ÿ ` 30,000 ∑§Ê •Ê„⁄UáÊ Á∑§ÿÊ– 31.3.2020 ∑§Ê ‚◊ÊåàÊ „È∞
fl·¸ ◊¥ »§◊¸ ∑§Ê ‹Ê÷ ` 3,48,000 ÕÊ–
31.3.2020 ∑§Ê ‚◊ÊåàÊ „È∞ fl·¸ ∑§ Á‹∞ »§◊¸ ∑§Ê ‹Ê÷-„ÊÁŸ ÁflÁŸÿÊª πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

16. SM Ltd., invited applications for issuing 80,000 equity shares of ` 10 each. The amount was 5
payable as follows :
On application ` 2 per share.
On allotment ` 3 per share.
On first and final call – balance.
Applications of 78,000 shares were received. Shares were fully allotted to all the applicants.
Mohan has applied for 5,000 shares. He paid his entire share money with application. Sohan
to whom 4,000 shares were allotted failed to pay allotment and call money. His shares were
forfeited.
Pass necessary journal entries for the above transactions in the books of SM Ltd.
∞‚.∞◊. Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 80,000 ‚◊ÃÊ •¥‡ÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– ⁄UÊÁ‡Ê ÁŸêŸ
¬˝∑§Ê⁄U ‚ Œÿ ÕË —
•ÊflŒŸ ¬⁄U ` 2 ¬˝Áà •¥‡Ê
•Ê’¥≈UŸ ¬⁄U ` 3 ¬˝Áà •¥‡Ê
¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U - ‡Ê·
78,000 •¥‡ÊÊ¥ ∑§ Á‹∞ •ÊflŒŸ ¬˝Êåà „È∞ ÃÕÊ ‚÷Ë •ÊflŒ∑§Ê¥ ∑§Ê ¬Íáʸ M§¬ ‚ •¥‡ÊÊ¥ ∑§Ê •Ê’¥≈UŸ ∑§⁄U ÁŒÿÊ ªÿÊ– ◊Ê„Ÿ
Ÿ 5,000 •¥‡ÊÊ¥ ∑§ Á‹∞ •ÊflŒŸ Á∑§ÿÊ– ©‚Ÿ •¬ŸË ¬Íáʸ •¥‡Ê ⁄UÊÁ‡Ê ∑§Ê ÷ȪÃÊŸ •ÊflŒŸ ∑§ ‚ÊÕ ∑§⁄U ÁŒÿÊ– ‚Ê„Ÿ
Á¡‚ 4,000 •¥‡ÊÊ¥ ∑§Ê •Ê’¥≈UŸ Á∑§ÿÊ ªÿÊ ÕÊ, •Ê’¥≈UŸ ⁄UÊÁ‡Ê ÃÕÊ ¬˝Õ◊ ∞fl¥ •ÁãÃ◊ ÿÊøŸÊ ⁄UÊÁ‡Ê ∑§Ê ÷ȪÃÊŸ ∑§⁄UŸ ◊¥
•‚»§‹ ⁄U„Ê– ©‚∑§ •¥‡ÊÊ¥ ∑§Ê „⁄UáÊ ∑§⁄U Á‹ÿÊ ªÿÊ–
©¬⁄UÊÄà ‹ŸŒŸ ∑§ Á‹∞ ∞‚.∞◊. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ° ∑§ËÁ¡∞–

62/OSS/2-320-B ] 6 [ Contd...

17. Give the meaning of issue of shares at premium with the help of an example. State the 5
purposes for which securities premium money can be utilized.
©ŒÊ„⁄UáÊ ‚Á„à •¥‡ÊÊ¥ ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ÁŸª¸◊Ÿ ∑§Ê ÄÿÊ •Õ¸ „Ò ’ÃÊß∞? ©Ÿ ©g‡ÿÊ¥ ∑§Ê ©À‹π ∑§ËÁ¡∞ Á¡Ÿ∑§ Á‹∞
¬˝ÁÃ÷ÍÁà ¬˝ËÁ◊ÿ◊ ⁄UÊÁ‡Ê ∑§Ê ©¬ÿÊª Á∑§ÿÊ ¡Ê ‚∑§ÃÊ „Ò–

18. Kumar Ltd., invited applications for issuing 4,000, 9% debentures of ` 100 each at a premium 5
of 10%. The amount was payable as follows :
On application and allotment ` 50 (including premium). On First and Final call – Balance
Applications for 5,000 debentures were received. Debentures were allotted to all the applicants
on pro-rata basis. Excess application money was adjusted towards sums due on first and
final call.
Pass necessary journal entries for the above transactions in the book of Kumar Ltd.
∑ȧ◊Ê⁄U Á‹Á◊≈U«U Ÿ ` 100 ¬˝àÿ∑§ ∑§ 4,000, 9% ´§áʬòÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– Á¡ã„¥ 10%
¬˝ËÁ◊ÿ◊ ¬⁄U ÁŸª¸Á◊à Á∑§ÿÊ ¡ÊŸÊ ÕÊ– ⁄UÊÁ‡Ê ÁŸêŸ ¬˝∑§Ê⁄U ‚ Œÿ ÕË —
•ÊflŒŸ ÃÕÊ •Ê’¥≈UŸ ¬⁄U ` 50 (¬˝ËÁ◊ÿ◊ ‚Á„Ã) ¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U ‡Ê·– 5,000 ´§áʬòÊÊ¥ ∑§ Á‹∞
•ÊflŒŸ ¬˝Êåà „È∞– ‚÷Ë •ÊflŒ∑§Ê¥ ∑§Ê •ÊŸÈ¬ÊÁÃ∑§ •ÊœÊ⁄U ¬⁄U ´§áʬòÊÊ¥ ∑§Ê •Ê’¥≈UŸ ∑§⁄U ÁŒÿÊ ªÿÊ– •ÁÃÁ⁄UÄà •ÊflŒŸ
⁄UÊÁ‡Ê ∑§Ê ‚◊ÊÿÊ¡Ÿ, ¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U Œÿ ⁄UÊÁ‡Ê ◊¥ ∑§⁄U Á‹ÿÊ ªÿÊ–
©¬⁄UÊÄà ‹ŸŒŸ ∑§ Á‹∞ ∑ȧ◊Ê⁄U Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ¥ ∑§ËÁ¡∞–

19. A, B and C were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 31.3.2020 their 6
Balance Sheet was as follows :
Balance Sheet of A, B and C as on 31.3.2020
Liabilities Amount Assets Amount
` `
Sundry Creditors 40,000 Bank 30,000
Bills Payable 20,000 Debtors 40,000
Stock 50,000
Capitals : Furniture 10,000
A 1,00,000 Land and Building 1,30,000
B 60,000
C 40,000 2,00,000
2,60,000 2,60,000
On the above date the firm was dissolved. The assets were sold and the liabilities were paid
off as follows :
(i) Debtors realised ` 38,000 and stock was taken over by A at 20% less than book value.
(ii) Furniture was taken over by B for ` 6,000 and Land and building was sold for
` 2,00,000.
(iii) Creditors were paid at a discount of 1% and bills payable were discharged at a rebate
of 10%.
(iv) Expenses of dissolution ` 2,000 were paid by C.
Prepare Realisation Account, Partners Capital Accounts and Bank Account.

62/OSS/2-320-B ] 7 [ Contd...

A, B ÃÕÊ C ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê ©Ÿ∑§Ê ÁSÕÁÃ
Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ —
31.3.2020 ∑§Ê, A, B ÃÕÊ C ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
ÁflÁ÷㟠‹ŸŒ⁄U 40,000 ’Ò¥∑§ 30,000
Œÿ Á’‹ 20,000 ŒŸŒÊ⁄U 40,000
S≈UÊÚ∑§ 50,000
¬Í°¡Ë — »§ŸË¸ø⁄U 10,000
A 1,00,000 ÷ÍÁ◊ ÃÕÊ ÷flŸ 1,30,000
B 60,000
C 40,000 2,00,000
2,60,000 2,60,000
©¬⁄UÊÄà ÁÃÁÕ ∑§Ê »§◊¸ ∑§Ê ÁflÉÊ≈UŸ „Ê ªÿÊ– ‚ê¬ÁûÊÿÊ¥ ∑§Ê Áfl∑˝§ÿ ÃÕÊ ŒÿÃÊ•Ê¥ ∑§Ê ÷ȪÃÊŸ ÁŸêŸ ¬˝∑§Ê⁄U ‚ Á∑§ÿÊ
ªÿÊ —
(i) ŒŸŒÊ⁄UÊ¥ ‚ ` 38,000 ¬˝Êåà „È∞ ÃÕÊ S≈UÊÚ∑§ ∑§Ê A Ÿ ¬ÈSÃ∑§ ◊ÍÀÿ ∑§ 20% ∑§◊ ¬⁄U ‹ Á‹ÿÊ–
(ii) B Ÿ ` 6,000 ◊¥ »§ŸË¸ø⁄U ‹ Á‹ÿÊ ÃÕÊ ÷ÍÁ◊ ∞fl¥ ÷flŸ ∑§Ê Áfl∑˝§ÿ ` 2,00,000 ◊¥ Á∑§ÿÊ ªÿÊ–
(iii) ‹ŸŒÊ⁄UÊ¥ ∑§Ê ÷ȪÃÊŸ 1% ∑§ ’^ ¬⁄U Á∑§ÿÊ ªÿÊ ÃÕÊ Œÿ Á’‹Ê¥ ∑§Ê ÷ȪÃÊŸ 10% ∑§Ë ¿ÍU≈U ¬⁄U Á∑§ÿÊ ªÿÊ–
(iv) fl‚Í‹Ë √ÿÿ ` 2,000 ∑§Ê ÷ȪÃÊŸ C Ÿ Á∑§ÿÊ–
fl‚Í‹Ë πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ’Ò¥∑§ πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

20. Pass necessary journal entries for the following transactions in the books of K.C. Ltd. 6
(i) Issued 2,000, 9% debentures of ` 100 each at par redeemable at par.
(ii) Issued 7,000, 10% debentures of ` 100 each at a discount of 5% redeemable at par.
(iii) Issued 1000, 11% debentures of ` 100 each at a premium of ` 25 per debenture,
redeemable at par.
(iv) Issued 600, 12% debentures of ` 100 each issued at a premium of 10% redeemable at a
premium of ` 15 per debenture.
ÁŸêŸ ‹ŸŒŸÊ¥ ∑§ Á‹∞ ∑§.‚Ë. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ$¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ° ∑§ËÁ¡∞ —
(i) ` 100 ¬˝àÿ∑§ ∑§ 2,000, 9% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ‚◊◊ÍÀÿ ¬⁄U Á∑§ÿÊ ªÿÊ– ´§áʬòÊÊ¥ ∑§Ê ‡ÊÊœŸ ‚◊◊ÍÀÿ ¬⁄U
∑§⁄UŸÊ ÕÊ–
(ii) ` 100 ¬˝àÿ∑§ ∑§ 7,000, 10% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ 5% ∑§ ’^ ¬⁄U Á∑§ÿÊ ªÿÊ– ´§áʬòÊÊ¥ ∑§Ê ‡ÊÊœŸ ‚◊◊ÍÀÿ
¬⁄U ∑§⁄UŸÊ ÕÊ–
(iii) ` 100 ¬˝àÿ∑§ ∑§ 1000, 11%, ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊UŸ ` 25 ¬˝Áà ´§áʬòÊ ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U Á∑§ÿÊ ªÿÊ– ´§áʬòÊÊ¥
∑§Ê ‡ÊÊœŸ ‚◊◊ÍÀÿ ¬⁄U ∑§⁄UŸÊ ÕÊ–
(iv) ` 100 ¬˝àÿ∑§ ∑§ 600, 12% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ 10% ¬˝ËÁ◊ÿ◊ ¬⁄U Á∑§ÿÊ ªÿÊ– ´§áʬòÊÊ¥ ∑§Ê ‡ÊÊœŸ ` 15
¬˝Áà ´§áʬòÊ ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ∑§⁄UŸÊ ÕÊ–

62/OSS/2-320-B ] 8 [ Contd...

21. X and Y were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31.3.2020 10
their balance sheet was as follows :

Balance Sheet of X and Y as on 31.3.2020
Liabilities Amount Assets Amount
` `
Capitals : Bank 1,30,000
X 2,50,000 Debtors 1,00,000
Y 1,50,000 4,00,000 Less Provision 5,000 95,000
Workman Compensation Fund 40,000 Stock 45,000
General Reserve 80,000 Bills Receivables 60,000
Creditors 1,30,000 Furniture 30,000
Bills Payable 20,000 Machinery 1,10,000
Land and Building 2,00,000
6,70,000 6,70,000

1
On 1.4.2020 Z was admitted as a new partner for th share in the profits on the following
5
terms :

(i) Z will bring ` 1,00,000 as his capital and ` 20,000 for his share of goodwill premium.

(ii) ` 2,000 of the creditors were not likely to claim.

(iii) There was no liability for workman compensation.

(iv) Provision for bad debts was to be raised to ` 8,000 and stock was to be depreciated by
` 5,000.

(v) Furniture and Machinery was to be depreciated by 10% and Land and building was to
be appreciated by ` 20,000.

Prepare Revaluation Account, Partner’s Capital Accounts and the Balance Sheet of the
reconstituted firm.

62/OSS/2-320-B ] 9 [ Contd...

X ÃÕÊ Y ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 2 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê ©Ÿ∑§Ê ÁSÕÁÃ
Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ —

31.3.2020 ∑§Ê X ÃÕÊ Y ∑§Ê ÁSÕÁà Áflfl⁄UáÊ
ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
¬Í°¡Ë — ’Ò¥∑§ 1,30,000
X 2,50,000 ŒŸŒÊ⁄U 1,00,000
Y 1,50,000 4,00,000 ÉÊ≈UÊ ¬˝ÊflœÊŸ 5,000 95,000
∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ê· 40,000 S≈UÊÚ∑§ 45,000
‚Ê◊Êãÿ ‚¥øÿ 80,000 ¬˝Êåÿ Á’‹ 60,000
‹ŸŒÊ⁄U 1,30,000 »§ŸË¸ø⁄U 30,000
Œÿ Á’‹ 20,000 ◊‡ÊËŸ⁄UË 1,10,000
÷ÍÁ◊ ÃÕÊ ÷flŸ 2,00,000
6,70,000 6,70,000

1
1.4.2020 ∑§Ê ©ã„Ê¥Ÿ ‹Ê÷ ∑§ ÷ʪ ∑§ Á‹∞ Z ∑§Ê ÁŸêŸ ‡ÊÃÊZ ¬⁄U ∞∑§ ŸÿÊ ‚ʤÊŒÊ⁄U ’ŸÊÿÊ–
5

(i) Z •¬ŸË ¬Í°¡Ë ∑§ Á‹∞ ` 1,00,000 ÃÕÊ ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§ •¬Ÿ ÷ʪ ∑§ Á‹∞ ` 20,000 ‹ÊÿªÊ–

(ii) ` 2,000 ∑§ ‹ŸŒÊ⁄U ŒÊflÊ Ÿ„Ë¥ ∑§⁄¥Uª–

(iii) ∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ë ∑§Ê߸ ŒÿÃÊ Ÿ„Ë¥ ÕË–

(iv) «ÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ ∑§Ê ` 8,000 Ã∑§ ’…∏ÊŸÊ ÕÊ ÃÕÊ S≈UÊÚ∑§ ¬⁄U ` 5,000 ∑§Ê ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ–

(v) »§ŸË¸ø⁄U ÃÕÊ ◊‡ÊËŸ⁄UË ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ ÃÕÊ ÷ÍÁ◊ ÃÕÊ ÷flŸ ∑§Ê ` 20,000 ‚ ’…∏ÊŸÊ ÕÊ–

¬ÈŸ◊͸ÀÿÊ∑¥§Ÿ πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ¬ÈŸª¸Á∆Uà »§◊¸ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

OR/•ÕflÊ

62/OSS/2-320-B ] 10 [ Contd...

Ajay, Vijay and Kamal were partners in a firm sharing profits and losses in the ratio of
2 : 1 : 1. On 31.3.2020 their Balance Sheet was as follows :

Balance Sheet of Ajay, Vijay and Kamal as on 31.3.2020

Liabilities Amount Assets Amount
` `
Capitals : Bank 75,000
Ajay 2,00,000 Debtors 1,05,000
Vijay 1,00,000 Less Provision 5,000 1,00,000
Kamal 1,00,000 4,00,000 Bills Receivable 25,000
General Reserve 80,000 Stock 80,000
Furniture 60,000
Workman Compensation Fund 40,000 Machinery 2,00,000
Creditors 1,70,000 Land and Building 2,00,000
Bills Payable 50,000
7,40,000 7,40,000

On 1.4.2020 Ajay retired and the following was agreed upon :

(i) Goodwill of the firm was valued at ` 2,40,000 and Ajay’s share of the same was adjusted
through the capital accounts of Vijay and Kamal.

(ii) Liability towards workman compensation fund was estimated at ` 20,000.

(iii) Provision for bad debts was to be increased by ` 10,000 and stock was to be reduced to
` 70,000.

(iv) 10% Depreciation was to be charged on furniture and machinery and land and building
was to be appreciated by ` 50,000.

Prepare Revaluation Account, Partner’s Capital Accounts and the Balance Sheet of the
reconstituted firm.

62/OSS/2-320-B ] 11 [ Contd...

•¡ÿ, Áfl¡ÿ ÃÕÊ ∑§◊‹ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 2 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê
©Ÿ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ–

31.3.2020 ∑§ •¡ÿ, Áfl¡ÿ ÃÕÊ ∑§◊‹ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
¬Í°¡Ë — ’Ò¥∑§ 75,000
•¡ÿ 2,00,000 ŒŸŒÊ⁄U 1,05,000
Áfl¡ÿ 1,00,000 ÉÊ≈UÊ ¬˝ÊflœÊŸ 5,000 1,00,000
∑§◊‹ 1,00,000 4,00,000 ¬˝Êåÿ Á’‹ 25,000
‚Ê◊Êãÿ ‚¥øÿ 80,000 S≈UÊÚ∑§ 80,000
»§ŸË¸ø⁄U 60,000
∑§Ê◊ªÊ⁄U ˇÊÁìÍÃ˸ ∑§Ê· 40,000 ◊‡ÊËŸ⁄UË 2,00,000
‹ŸŒÊ⁄U 1,70,000 ÷ÍÁ◊ ÃÕÊ ÷flŸ 2,00,000
Œÿ Á’‹ 50,000
7,40,000 7,40,000

1.4.2020 ∑§Ê •¡ÿ Ÿ •fl∑§Ê‡Ê ª˝„áÊ Á∑§ÿÊ ÃÕÊ ÁŸêŸ ¬⁄U ‚„◊Áà „È߸–

(i) »§◊¸ ∑§Ë ÅÿÊÁà ∑§Ê ◊ÍÀÿÊ¥∑§ ` 2,40,000 ÕÊ ÃÕÊ ß‚◊¥ ‚ •¡ÿ ∑§ ÷ʪ ∑§Ê ‚◊ÊÿÊ¡Ÿ Áfl¡ÿ ÃÕÊ ∑§◊‹ ∑§
¬Í°¡Ë πÊÃÊ¥ ∑§ ◊Êäÿ◊ ‚ Á∑§ÿÊ ¡ÊÿªÊ–

(ii) ∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ë ŒÿÃÊ ∑§Ê •ŸÈ◊ÊŸ ` 20,000 ‹ªÊÿÊ ªÿÊ–

(iii) «ÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ ∑§Ê ` 10,000 ’…∏ÊŸÊ ÕÊ ÃÕÊ S≈UÊÚ∑§ ∑§Ê ` 70,000 Ã∑§ ∑§◊ ∑§⁄UŸÊ ÕÊ–

(iv) »§ŸË¸ø⁄U ÃÕÊ ◊‡ÊËŸ⁄UË ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ ÃÕÊ ÷ÍÁ◊ ÃÕÊ ÷flŸ ∑§Ê ` 50,000 ’…∏ÊŸÊ ÕÊ–

¬ÈŸ◊͸ÀÿÊ¥∑§Ÿ πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ¬ÈŸª¸Á∆Uà »§◊¸ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

62/OSS/2-320-B ] 12 [ Contd...

22. From the following Trial Balance of M/s. Shiv Prasad, prepare Trading and Profit and Loss 10
Account for the year ended 31.3.2020 and the Balance Sheet as on that date :

Trial Balance of M/s. Shiv Prasad as on 31.3.2020

Particulars Debit Balance Credit Balance
` `
Stock (as on 1.4.2019) 21,000
Purchases 40,000
Sales 1,20,000
Debtors 18,000
Creditors 15,000
Wages 9,000
Carriage inwards 3,000
Salary 11,000
Insurance 4,000
Rent 9,000
Commission Received 11,000
Office Expenses 2,000
Telephone bill 1,000
Furniture 21,000
Motor Van 50,000
Capital 60,000
Cash at bank 17,000
2,06,000 2,06,000

Additional Information :

(i) Stock on 31.3.2020 was ` 26,000.

(ii) Motor van is to be depreciated @ 10%.

(iii) Create a provision of 10% on debtors for bad and doubtful debts.

(iv) Outstanding salary was ` 3,000.

62/OSS/2-320-B ] 13 [ Contd...

M/s Á‡Êfl ¬˝‚ÊŒ ∑§ ÁŸêŸ ˬ≈U ‚ 31.3.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ √ÿʬÊ⁄U ÃÕÊ ‹Ê÷-„ÊÁŸ πÊÃÊ ÃÕÊ ©‚Ë
ÁÃÁÕ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–
31.3.2020 ∑§Ê M/s Á‡Êfl ¬˝‚ÊŒ ∑§Ê ˬ≈U

Áflfl⁄UáÊ ŸÊ◊ ‡Ê· ¡◊Ê ‡Ê·
` `
S≈UÊÚ∑§ (1.4.2019) 21,000
∑˝§ÿ 40,000
Áfl∑˝§ÿ 1,20,000
ŒŸŒÊ⁄U 18,000
‹ŸŒÊ⁄U 15,000
◊$¡ŒÍ⁄UË 9,000
•Êfl∑§ ÷Ê«∏Ê 3,000
flß 11,000
’Ë◊Ê 4,000
Á∑§⁄UÊÿÊ 9,000
¬˝Êåà ∑§◊ˇʟ 11,000
∑§Êÿʸ‹ÿ √ÿÿ 2,000
≈U‹Ë»§ÊŸ Á’‹ 1,000
»§ŸË¸ø⁄U 21,000
◊Ê≈U⁄U flÒŸ 50,000
¬Í°¡Ë 60,000
’Ò¥∑§ 17,000
2,06,000 2,06,000

•ÁÃÁ⁄UÄà ‚ÍøŸÊ —
(i) 31.3.2020 ∑§Ê S≈UÊÚ∑§ ` 26,000 ÕÊ–

(ii) ◊Ê≈U⁄U flÒŸ ¬⁄U 10% ∑§Ë Œ⁄U ‚ ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–
(iii) «ÍU’à ÃÕÊ ‚¥ÁŒÇœ ´§áÊÊ¥ ∑§ Á‹∞ ŒŸŒÊ⁄UÊ¥ ¬⁄U 10% ¬˝ÊflœÊŸ ’ŸÊß∞–
(iv) •ŒûÊ flß ` 3,000 ÕÊ–
OR / •ÕflÊ

62/OSS/2-320-B ] 14 [ Contd...

Following is the Receipts and Payments Account of Sangam Club for the year ended 31.3.2020.

Receipts and Payments Account of Sangam Club for the year ended 31.3.2020
Amount Amount
Receipts Payments
` `
To balance b/d By Honorarium 70,000
Cash 4,000
Bank 32,000 36,000 By Equipments 80,000
To subscription By Wages 20,000
2018-19 3,000 By Rent 60,000
2019-20 80,000
2020-21 7,000 90,000 By workshop expenses 50,000
To general donations 1,70,000 By Fixed Deposit 1,17,000
(31.3.2020) @ 9% p.a.
By bal. c/d
To Building Fund Donation 3,00,000 Cash 95,000
Bank 1,04,000
5,96,000 5,96,000

Additional Information :

(i) The club has 80 members each paying an annual subscription of ` 1,200.

(ii) On 1.4.2019 the club had equipments ` 2,30,000 and furniture ` 1,50,000.

(iii) Charge depreciation @ 10% on equipment, including equipment purchased during the
year.

(iv) Depreciate furniture by 20%

(v) Wages outstanding were ` 9,000

(vi) Outstanding workshop expenses were ` 14,000.

Prepare Income and Expenditure Account for the year ended 31.3.2020 and Balance Sheet
as on that date.

62/OSS/2-320-B ] 15 [ Contd...

31 ◊Êø¸ 2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ ‚¥ª◊ Ä‹’ ∑§Ê ¬˝ÊÁåà ÃÕÊ ÷ȪÃÊŸ πÊÃÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ „Ò —

31 ◊Êø¸ 2020 ∑§Ê ‚◊Êåà fl·¸ ∑§ Á‹∞ ‚¥ª◊ Ä‹’ ∑§Ê ¬˝ÊÁåà ÃÕÊ ÷ȪÃÊŸ πÊÃÊ
⁄ÊÁ‡Ê ⁄ÊÁ‡Ê
¬˝ÊÁåÃÿÊ° ÷ȪÃÊŸ
` `
‡Ê· ŸËø ‹ÊŸÊ ◊ÊŸŒÿ 70,000
ٻΠ4,000
’Ò¥∑§ 32,000 36,000 ©¬∑§⁄UáÊ 80,000
øãŒÊ ◊$¡ŒÍ⁄UË 20,000
2018-19 3,000 Á∑§⁄UÊÿÊ 60,000
2019-20 80,000
2020-21 7,000 90,000 ∑§Êÿ¸‡ ÊÊ‹Ê √ÿÿ 50,000
‚Ê◊Êãÿ ŒÊŸ 1,70,000 SÕÊÿË ¡◊Ê (31.3.2020) 1,17,000

@ 9% ¬˝ÁÃfl·¸
‡Ê· ŸËø ‹Ê∞
÷flŸ ∑§Ê· ŒÊŸ 3,00,000 ŸªŒ 95,000
’Ò¥∑§ 1,04,000
5,96,000 5,96,000

•ÁÃÁ⁄UÄàÊ ‚ÍøŸÊ —

(i) Ä‹’ ∑§ 80 ‚ŒSÿ „Ò¥ ÃÕÊ ¬˝àÿ∑§ ‚ŒSÿ ` 1,200 flÊÁ·¸∑§ øãŒÊ ŒÃÊ „Ò–

(ii) 1.4.2019 ∑§Ê Ä‹’ ∑§ ¬Ê‚ ` 2,30,000 ∑§ ©¬∑§⁄UáÊ ÃÕÊ ` 1,50,000 ∑§Ê »§ŸË¸ø⁄U ÕÊ–

(iii) fl·¸ ◊¥ ∑˝§ÿ Á∑§∞ ª∞ ©¬∑§⁄UáÊÊ¥ ‚Á„à ©¬∑§⁄UáÊÊ¥ ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–

(iv) »§ŸË¸ø⁄U ¬⁄U 20% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–

(v) •ŒûÊ ◊¡ŒÍ⁄UË ` 9,000 ÕË–

(vi) •ŒûÊ ∑§Êÿ¸‡ÊÊ‹Ê √ÿÿ ` 14,000 Õ–

31 ◊Êø¸ 2020 ∑§Ê ‚◊ÊåàÊ „È∞ fl·¸ ∑§ Á‹∞ •Êÿ ÃÕÊ √ÿÿ πÊÃÊ ÃÕÊ ©‚Ë ÁÃÁÕ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

62/OSS/2-320-B ] 16 [ Contd...

SECTION - B/πá«U - ’

OPTION - I/Áfl∑§À¬ - I

(Analysis of Financial Statements)

(ÁflûÊËÿ Áflfl⁄UáÊÊ¥ ∑§Ê Áfl‡‹·áÊ)

23. List any two items that are presented under the heading ‘Fixed Assets’ in the Balance Sheet 1
of a company.

Á∑§‚Ë ∑§ê¬ŸË ∑§ ÁSÕÁà Áflfl⁄UáÊ ◊¥ SÕÊÿË ¬Á⁄U‚ê¬ÁûÊÿÊ¥ ∑§ •ãê¸Ã Œ‡ÊʸÿË ¡ÊŸflÊ‹Ë Á∑§ã„Ë¥ ŒÊ ◊ŒÊ¥ ∑§Ë ‚ÍøË ŒËÁ¡∞–

24. Briefly explain the interest of ‘management’ and ‘investors’ in the analysis of financial 3
statements.

ÁflûÊËÿ Áflfl⁄UáÊ Áfl‡‹·áÊ ◊¥ “¬˝’¥œŸ” ÃÕÊ “ÁŸfl‡Ê∑§Ê¥” ∑§ Á„à ∑§Ê ‚¥ˇÊ¬ ◊¥ ‚◊¤ÊÊß∞–

25. Explain any five limitations of financial analysis. 5

ÁflûÊËÿ Áflfl⁄UáÊ Áfl‡‹·áÊ ∑§Ë Á∑§ã„Ë¥ ¬Ê°ø ‚Ë◊Ê•Ê¥ ∑§Ê ‚◊¤ÊÊß∞–

26. From the following information obtained from the books of KL Ltd. ; calculate : 5
(i) Debt - Equity Ratio and
(ii) Proprietary Ratio
Information : Equity Share Capital ` 5,00,000 ;
Preference Share Capital ` 3,00,000 ;
Reserves and surplus ` 50,000 ;
9% Debentures ` 4,00,000 ; Creditors ` 1,60,000 and Debtors ` 2,00,000.

∑§.∞‹. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ‚ ¬˝ÊåàÊ ÁŸêŸ ‚ÍøŸÊ ‚ ÁŸêŸ •ŸÈ¬ÊÃÊ¥ ∑§Ë ªáÊŸÊ ∑§ËÁ¡∞ —
(i) ´§áÊ - ‚◊ÃÊ •ŸÈ¬Êà ÃÕÊ
(ii) SflÊÁ◊àfl •ŸÈ¬ÊÃ
‚ÍøŸÊ — ‚◊ÃÊ •¥‡Ê ¬Í°¡Ë ` 5,00,000 ;
¬ÍflʸÁœ∑§Ê⁄U •¥‡Ê ¬Í°¡Ë ` 3,00,000 ;
‚¥øÿ ∞fl¥ •ÊÁœÄÿ ` 50,000 ;
9% ´§áʬòÊ ` 4,00,000; ‹ŸŒÊ⁄U ` 1,60,000 ÃÕÊ ŒŸŒÊ⁄U ` 2,00,000.

62/OSS/2-320-B ] 17 [ Contd...

27. From the following Balance Sheet of SY Ltd., as at 31.3.2020, prepare a ‘cash flow statement’. 6

SY Ltd. Balance Sheet as at 31.3.2020

S.No. Particulars Note No. 31.3.2020 31.3.2019
` `
I EQUITY AND LIABILITIES
1. Shareholder's Funds
(a) Share Capital 10,00,000 10,00,000
(b) Reserve and Surplus 1 3,00,000 1,00,000
2. Non-Current Liabilities :
Long-term Borrowings 5,00,000 3,00,000
(10% Debentures)
3. Current Liabilities :
(a) Trade Payables 1,50,000 1,00,000
(b) Provision for bad debts 10,000 20,000
Total 19,60,000 15,20,000
II ASSETS
1. Non-Current Assets :
(a) Fixed Assets
(i) Tangible : Land and Building 12,00,000 8,00,000
(ii) Intangible : Goodwill - 20,000
2. Current Assets :
(a) Trade Receivables 3,40,000 1,60,000
(b) Inventories 1,80,000 2,80,000
(c) Cash and Cash Equivalents 1,50,000 1,00,000
(d) Short-term Loans and Advances 90,000 1,60,000
Total 19,60,000 15,20,000

Notes to Accounts :

Note No. Particulars 31.3.2020 31.3.2019
` `
1. Reserves and Surplus (Surplus i.e. Balance
in the statement of Profit and Loss) 3,00,000 1,00,000
3,00,000 1,00,000

Additional Information :

` 2,00,000 ; 10% Debentures were issued on 31.3.2020.

62/OSS/2-320-B ] 18 [ Contd...

31.3.2020 ∑§Ê SY Á‹Á◊≈U«U ∑§ ÁŸêŸ ÁSÕÁà Áflfl⁄UáÊ ‚ “⁄UÊ∑§«∏ ¬˝flÊ„ Áflfl⁄UáÊ” ÃÒÿÊ⁄U ∑§ËÁ¡∞–
SY Á‹Á◊≈U«U 31.3.2020 ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

∑˝§. ‚¥. Áflfl⁄UáÊ ŸÊ≈U ‚¥ÅïÿÊ 31.3.2020 31.3.2019
` `
I ‚◊ÃÊ ∞fl¥ ŒÿÃÊ∞°
1. •¥‡ÊœÊ⁄UË ÁŸÁœÿÊ°
(a) •¥‡ Ê ¬Í°¡Ë 10,00,000 10,00,000
(b) ‚¥øÿ ∞fl¥ •ÊÁœÄÿ 1 3,00,000 1,00,000
2. •ø‹ ŒÿÃÊ∞°
ŒËÉʸ∑§Ê‹ËŸ ´§áÊ 5,00,000 3,00,000
(10% ´§áʬòÊ)
3. øÊ‹Í ŒÿÃÊ∞°
(a) √ÿʬÊÁ⁄U∑§ Œÿ 1,50,000 1,00,000
(b) «UÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ 10,000 20,000
∑ȧ‹ 19,60,000 15,20,000
II ¬Á⁄U‚¥¬ÁûÊÿÊ°
1. •ø‹ ¬Á⁄U‚¥¬ÁûÊÿÊ° —
(a) SÕÊÿË ¬Á⁄U‚¥¬ÁûÊÿÊ°
(i) ◊Íø — ÷ÍÁ◊ ∞fl¥ ÷flŸ 12,00,000 8,00,000
ÅÿÊÁÃ
(ii) •◊Íø — ïÿÊÁà - 20,000
2. øÊ‹Í ¬UÁ⁄U‚¥¬ÁûÊÿÊ°
(a) √ÿʬÊUÁ⁄U∑§ ¬˝Êåÿ 3,40,000 1,60,000
(b) S≈UÊÚ∑§ 1,80,000 2,80,000
(c) ⁄UÊ∑§«∏ ∞fl¥ ⁄UÊ∑§«∏ ÃÈÀÿ 1,50,000 1,00,000
(d) ‹ÉÊÈ∑§Ê‹ËŸ ´§áÊ ∞fl¥ •Áª˝◊ 90,000 1,60,000
∑ȧ‹ 19,60,000 15,20,000
πÊÃÊ¥ ∑§ ŸÊ≈U‚˜ —
ŸÊ≈U ‚¥. Áflfl⁄UáÊ 31.3.2020 31.3.2019
` `
1. ‚¥øÿ ∞fl¥ •ÊÁœÄÿ (•ÊÁœÄÿ •Õʸà ‹Ê÷-„ÊÁŸ
Áflfl⁄UáÊ ∑§Ê ‡Ê·) 3,00,000 1,00,000
3,00,000 1,00,000
•ÁÃÁ⁄UÄàÊ ‚ÍøŸÊ —
` 2,00,000 ; 10% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ 31.3.2020 ∑§Ê Á∑§ÿÊ ªÿÊ–

62/OSS/2-320-B ] 19 [ Contd...

OPTION - II/Áfl∑§À¬ - II

(Application of Computers in Financial Accounting)

(∑§êåÿÍ≈U⁄U ∑§Ê ÁflûÊËÿ ‹πÊ¥∑§Ÿ ◊¥ ©¬ÿÊª)

23. What is meant by ‘Resizing of Chart’ ? 1

“øÊ≈¸U ∑§Ê •Ê∑§Ê⁄U ’Œ‹Ÿ” ∑§Ê ÄÿÊ •Õ¸ „Ò?

24. Briefly describe the types of data tables used in Excel. 3

∞Ä‚‹ ◊¥ ©¬ÿÊª ∑§Ë ¡ÊŸflÊ‹Ë «U≈UÊ ‚Ê⁄UáÊË ∑§ ¬˝∑§Ê⁄UÊ¥ ∑§Ê fláʸŸ ∑§ËÁ¡∞–

25. Briefly explain the following items : 5
(a) Gross salary
(b) Deductions and
(c) Net salary

ÁŸêŸ ◊ŒÊ¥ ∑§Ê ‚¥ˇÊ¬ ◊¥ ‚◊¤ÊÊß∞ —
(a) ‚∑§‹ flß
(b) ∑§≈UÊÒÁÃÿÊ°
(c) ‡ÊÈh flß

26. Explain the steps to create tables in excess. 5

∞Ä‚‚ ◊¥ ‚Ê⁄UáÊË ‚ΡŸ ∑§ ø⁄UáÊÊ¥ ∑§Ê ‚◊¤ÊÊß∞–

27. Describe the advantages in using graphs and charts. 6

ª˝Ê»§ ÃÕÊ øÊ≈¸U ∑§ ©¬ÿÊª ∑§ ‹Ê÷Ê¥ ∑§Ê fláʸŸ ∑§ËÁ¡∞–

-o0o-

62/OSS/2-320-B ] 20 [ Contd...

This Question Paper consists of 32 [Section-A(22)+Section-B(5+5)] questions and 20 printed pages.
ß‚ ¬˝‡Ÿ-¬òÊ ◊¥ 32 ¬˝‡Ÿ [πá«U-• (22) + πá«-’ (5+5)] ¬˝‡Ÿ ÃÕÊ 20 ◊ÈÁŒ˝Ã ¬Îc∆U „Ò¥–
Roll No. Code No.
•ŸÈ∑˝§◊Ê¥∑§ ∑§Ê«U Ÿ¥. 62/OSS/2
ACCOUNTANCY
(‹πÊ¥∑§Ÿ)
(PRINCIPLES AND PRACTICE OF FINANCIAL ACCOUNTING) Set/‚≈U C
(ÁflûÊËÿ ‹πÊ¥∑§Ÿ ∑§ Á‚hÊãà ∞fl¥ √ÿfl„Ê⁄U)
(320)
Day and Date of Examination
¬⁄UˡÊÊ ∑§Ê ÁŒŸ fl ÁŒŸÊ¥∑§
Signature of Invigilators 1.
ÁŸ⁄UˡÊ∑§Ê¥ ∑§ „SÃÊˇÊ⁄U
2.

General Instructions :
1. Candidate must write his/her Roll Number on the first page of the Question Paper.
2. Please check the Question Paper to verify that the total pages and total number of questions contained in the
Question Paper are the same as those printed on the top of the first page. Also check to see that the questions are
in sequential order.
3. Making any identification mark in the Answer-Book or writing Roll Number anywhere other than the specified
places will lead to disqualification of the candidate.
4. Write your Question Paper Code No. 62/OSS/2-C on the Answer-Book.
5. (a) The Question Paper is in English/Hindi medium only. However, if you wish, you can answer in any one
of the languages listed below :
English, Hindi, Urdu, Punjabi, Bengali, Tamil, Malayalam, Kannada, Telugu, Marathi, Oriya, Gujarati,
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language you have chosen to answer in the box provided in the Answer-Book.
(b) If you choose to write the answer in the language other than Hindi and English, the responsibility for any
errors/mistakes in understanding the question will be yours only.
‚Ê◊Êãÿ •ŸÈŒ‡Ê —
1. ¬⁄UˡÊÊÕ˸ ¬˝‡Ÿ¬òÊ ∑§ §¬„‹ ¬Îc∆U ¬⁄U •¬ŸÊ •ŸÈ∑˝§◊Ê¥∑§ •fl‡ÿU Á‹π¥–
2. ∑Χ¬ÿÊ ¬˝‡Ÿ¬òÊ ∑§Ê ¡ÊÚ°ø ‹¥ Á∑§ ¬˝‡Ÿ¬òÊ ∑§ ∑ȧ‹ ¬Îc∆UÊ¥ ÃÕÊ ¬˝‡ŸÊ¥ ∑§Ë ©ÃŸË „Ë ‚¥ÅUÿÊ „Ò Á¡ÃŸË ¬˝Õ◊ ¬Îc∆ ∑ §‚’‚ ™§¬⁄U ¿U¬Ë „Ò– ß‚ ’ÊÃ
∑§Ë ¡ÊÚ°ø ÷Ë ∑§⁄U ‹¥ Á∑§ ¬˝‡Ÿ ∑˝ Á◊∑§ UM§¬ ◊¥ „Ò¥–
3. § ©ûÊ⁄U-¬ÈÁSUÃ∑§Ê ◊¥ ¬„øÊŸ-Áøq ’ŸÊŸ •ÕflÊ ÁŸÁŒ¸c≈U SÕÊŸÊ¥ ∑§§ •ÁÃÁ⁄UÄà ∑§„Ë¥ ÷Ë •ŸÈ∑˝§◊Ê¥∑§ Á‹πŸ ¬⁄U ¬⁄UˡÊÊÕ˸ ∑§Ê •ÿÊÇÿ ∆U„⁄UÊÿÊ
¡ÊÿªÊ–
4. •¬ŸË ©ûÊ⁄U-¬ÈÁSUÃ∑§Ê ¬⁄U ¬˝‡Ÿ¬òÊ ∑§Ë ∑§Ê«U ‚¥ÅÿÊ 62/OSS/2-C Á‹π¥–
5. (∑§) ¬˝‡Ÿ¬òÊ ∑§fl‹ Á„¥ŒË/•¥ª˝¡Ë ◊¥ „Ò– Á»§⁄U ÷Ë, ÿÁŒ •Ê¬ øÊ„¥ ÃÊ ŸËø ŒË ªß¸ Á∑§‚Ë ∞∑§ ÷Ê·Ê ◊¥ ©ûÊ⁄ Œ ‚∑§Ã „Ò¥ —
•¥ª˝¡Ë, Á„¥ŒË, ©ŒÍ¸, ¬¥¡Ê’Ë, ’°ª‹Ê, ÃÁ◊‹, ◊‹ÿÊ‹◊, ∑§ãŸ«∏, Ã‹ÈªÈ, ◊⁄UÊ∆UË, ©Á«∏ÿÊ, ªÈ¡⁄UÊÃË, ∑§Ê¥∑§áÊË, ◊ÁáʬÈ⁄UË, •‚Á◊ÿÊ,
Ÿ¬Ê‹Ë, ∑§‡◊Ë⁄UË, ‚¥S∑Χç•ÊÒ⁄U Á‚¥œË–
∑Χ¬ÿÊ ©ûÊ⁄U-¬ÈÁSÃ∑§Ê ◊¥ ÁŒ∞ ª∞ ’ÊÚÄ‚ ◊¥ Á‹π¥ Á∑§ •Ê¬ Á∑§‚ ÷Ê·Ê ◊¥ ©ûÊ⁄U Á‹π ⁄U„ „Ò¥– §
(π) ÿÁŒ •Ê¬ Á„¥ŒË ∞fl¥ •¥ª˝¡Ë ∑§ •ÁÃÁ⁄UÄà Á∑§‚Ë •ãÿ ÷Ê·Ê ◊¥ ©ûÊ⁄U Á‹πÃ „Ò¥, ÃÊ ¬˝‡Ÿ ∑§Ê ‚◊¤ÊŸ ◊¥ „ÊŸ flÊ‹Ë
òÊÈÁ≈UÿÊ¥/ª‹ÁÃÿÊ¥ ∑§Ë Á¡ê◊UŒÊ⁄Ë ∑ fl‹ •Ê¬∑§Ë „ÊªË–

62/OSS/2-320-C ] 1 [ Contd...

ACCOUNTANCY
(‹πÊ¥∑§Ÿ)
(PRINCIPLES AND PRACTICE OF FINANCIAL ACCOUNTING)
(ÁflûÊËÿ ‹πÊ¥∑§Ÿ ∑§ Á‚hÊãà ∞fl¥ √ÿfl„Ê⁄U)
(320)
Time : 3 Hours ] [ Maximum Marks : 100
‚◊ÿ — 3 ÉÊá≈U ] [ ¬ÍáÊÊZ∑§ — 100

Note : (i) This Question Paper has two Sections-Section ‘A’ and Section ‘B’.
(ii) Attempt all questions of Section ‘A’ Section ‘B’ has two options. Candidates are required
to attempt questions from one option only.
(iii) Each question from Question Nos. 1 to 9 has four alternatives - (A), (B), (C) and (D) out
of which one is most appropriate. Choose the correct answer among the four alternatives
and write it in your Answer-Book against the Number of the question. No extra time is
allotted for attempting multiple choice questions.

ÁŸŒ¸‡Ê — (i) ß‚ ¬˝‡Ÿ-¬òÊ ◊¥ ŒÊ πá«U „Ò¥ - πá«U “•” ∞fl¥ πá«U “’”–
(ii) πá«U “•” ∑§ ‚÷Ë ¬˝‡ŸÊ¥ ∑§Ê „‹ ∑§⁄UŸÊ „Ò¥– πá«U “’” ◊¥ ŒÊ Áfl∑§À¬ „Ò¥– ¬⁄UˡÊÊÁÕ¸ÿÊ¥ ∑§Ê ∑§fl‹ ∞∑§ Áfl∑§À¬
∑§ „Ë ¬˝‡ŸÊ¥ ∑§ ©ûÊ⁄U ŒŸ „Ò¥–
(iii) ¬˝‡Ÿ ‚¥ÅÿÊ 1 ‚ 9 Ã∑§ ∑§ ¬˝àÿ∑§ ¬˝‡Ÿ ◊¥ øÊ⁄U Áfl∑§À¬ - (A), (B), (C) ÃÕÊ (D) „Ò¥, Á¡Ÿ◊¥ ‚ ∞∑§ ‚’‚
‚flʸÁœ∑§ ©¬ÿÈÄà „Ò¥– øÊ⁄UÊ¥ Áfl∑§À¬Ê¥ ◊¥ ‚ ‚„Ë ©ûÊ⁄U øÈŸ¥ ÃÕÊ •¬ŸË ©ûÊ⁄U-¬ÈÁSÃ∑§Ê ◊¥ ¬˝‡Ÿ ‚¥ÅÿÊ ∑§ ‚Ê◊Ÿ
©ûÊ⁄U Á‹π¥– ’„ÈÁfl∑§À¬Ë ¬˝‡ŸÊ¥ ∑§ Á‹ÿ •ÁÃÁ⁄UÄà ‚◊ÿ Ÿ„Ë¥ ÁŒÿÊ ¡ÊÿªÊ–
SECTION-A/πá«U-•

1. Outstanding salary is presented : 1
(A) On the asset side of the balance sheet.
(B) On the liability side of the balance sheet.
(C) On debit side of Trading Account.
(D) On credit side of Profit and Loss Account.

•ŒûÊ flß ∑§Ê Œ‡ÊʸÿÊ ¡ÊÃÊ „Ò —
(A) ÁSÕÁà Áflfl⁄UáÊ ∑§ ‚ê¬ÁûÊ ¬ˇÊ ◊¥
(B) ÁSÕÁà Áflfl⁄UáÊ ∑§ ŒÿÃÊ ¬ˇÊ ◊¥
(C) √ÿʬÊÁ⁄U∑§ πÊÃ ∑§ ŸÊ◊ ¬ˇÊ ◊¥
(D) ‹Ê÷-„ÊÁŸ πÊÃ ∑§ ¡◊Ê ¬ˇÊ ◊¥

62/OSS/2-320-C ] 2 [ Contd...

2. BY Ltd., issued 1000, 9% debentures of ` 100 each at par redeemable at a premium of 10%. 1
The amount of loss on issue of debentures will be :
(A) ` 9,000 (B) ` 10,000 (C) ` 1,00,000 (D) NIL
’Ë.flÊ߸. Á‹Á◊≈U«U Ÿ ` 100 ¬˝àÿ∑§ ∑§ 1000, 9% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ‚◊◊ÍÀÿ ¬⁄U Á∑§ÿÊ– ߟ ´§áʬòÊÊ¥ ∑§Ê ‡ÊÊœŸ
10% ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ∑§⁄UŸÊ „Ò– ´§áʬòÊÊ¥ ∑§ ÁŸª¸◊Ÿ ¬⁄U „ÊÁŸ ∑§Ë ⁄UÊÁ‡Ê „ÊªË —
(A) ` 9,000 (B) ` 10,000 (C) ` 1,00,000 (D) ‡ÊÍãÿ

3. JK Ltd., forfeited 100 shares of ` 10 each ` 8 called up for the non payment of the first call of 1
` 2 per share. The share forfeited amount will be :
(A) ` 600 (B) ` 800 (C) ` 200 (D) ` 1000
¡.∑§. Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 100 •¥‡ÊÊ¥ Á¡Ÿ ¬⁄U ` 8 ¬˝àÿ∑§ •¥‡Ê ◊Ê¥ªÊ ªÿÊ ÕÊ, ` 2 ¬˝àÿ∑§ •¥‡Ê ∑§Ë ¬˝Õ◊ ◊Ê¥ª
∑§Ê ÷ȪÃÊŸ Ÿ ∑§⁄UŸ ¬⁄U „⁄UáÊ ∑§⁄U Á‹ÿÊ– „⁄UáÊ ⁄UÊÁ‡Ê „ÊªË —
(A) ` 600 (B) ` 800 (C) ` 200 (D) ` 1000

4. Shares of ` 10 have been issued at ` 11 per share. These shares will be called as issued at : 1
(A) Par (B) Premium
(C) Discount (D) For consideration other than cash
` 10 ¬˝àÿ∑§ ∑§ •¥‡ÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ` 11 ¬˝Áà •¥‡Ê Á∑§ÿÊ ªÿÊ– ÁŸª¸Á◊à Á∑§ÿÊ ªÿÊ •¥‡ÊÊ¥ ∑§Ê ◊ÊŸÊ ¡ÊÿªÊ —
(A) ‚◊◊ÍÀÿ ¬⁄U (B) ¬˝ËÁ◊ÿ◊ ¬⁄U
(C) ’^ ¬⁄U (D) ⁄UÊ∑§«∏ ∑§Ê ¿UÊ«∏∑§⁄U •ãÿ ◊ÍÀÿ ¬⁄U

5. X Ltd., invited applications for issuing 10,000 equity shares of ` 10 each. Applications were 1
received for 9,800 shares. The issue will be called :
(A) Fully subscribed (B) Over subscribed
(C) Under subscribed (D) Partly subscribed
X Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 10,000 •¥‡ÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– 9,800 •¥‡ÊÊ¥ ∑§ Á‹∞
•ÊflŒŸ ¬˝Êåà „È∞– ÁŸª¸◊Ÿ ∑§Ê ∑§„Ê ¡ÊÿªÊ —
(A) ¬Íáʸ •Á÷ŒûÊ (B) •Áœ •Á÷ŒûÊ
(C) ãÿÍŸ •Á÷ŒûÊ (D) •Ê¥Á‡Ê∑§ •Á÷ŒûÊ

6. Sanjana, Riva and Mysha were partners in a firm with fixed Capitals of ` 10,00,000 ; 1
` 8,00,000 and ` 6,00,000 respectively. Sanjana retired. On her retirement goodwill of the
firm was valued at ` 60,000. The amount of goodwill that would be credited to Sanjana
Capital Account on her retirement will be :
(A) ` 60,000 (B) ` 20,000 (C) ` 25,000 (D) ` 30,000
‚¥¡ŸÊ, ⁄UËflÊ ÃÕÊ ◊Êÿ‡ÊÊ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U „¥Ò– ©Ÿ∑§Ë SÕÊÿË ¬Í°¡Ë ∑˝§◊‡Ê— ` 10,00,000 ; ` 8,00,000 ÃÕÊ
` 6,00,000 ÕË– ‚¥¡ŸÊ Ÿ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄U Á‹ÿÊ– ©‚∑§ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄UŸ ¬⁄U »§◊¸ ∑§Ë ÅÿÊÁà ∑§Ê ◊ÍÀÿ
` 60,000 ÕÊ– ‚¥¡ŸÊ ∑§ •fl∑§Ê‡Ê ª˝„áÊ ∑§⁄UŸ ¬⁄U ©‚∑§ ¬Í°¡Ë πÊÃ ∑§ ¡◊Ê ¬ˇÊ ◊¥ πÃÊÒŸË ∑§Ë ¡ÊŸflÊ‹Ë ÅÿÊÁà ∑§Ë
⁄UÊÁ‡Ê „ÊªË —
(A) ` 60,000 (B) ` 20,000 (C) ` 25,000 (D) ` 30,000

62/OSS/2-320-C ] 3 [ Contd...

7. Ram and Mohan were partners in a firm. Mohan withdrew ` 4,000 for his personal use on 1
15th day of each month. Interest on Mohan’s total drawings will be calculated for :
(A) 7 1 2 months (B) 7 months

(C) 6 1 2 months (D) 6 months
⁄UÊ◊ ÃÕÊ ◊Ê„Ÿ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U „Ò¥– ¬˝àÿ∑§ ◊Ê„ ∑§ 15 fl¥ ÁŒŸ ◊Ê„Ÿ •¬Ÿ √ÿÁÄêà ©¬ÿÊª ∑§ Á‹∞ ` 4,000
∑§Ê •Ê„⁄UáÊ ∑§⁄UÃÊ ÕÊ– ◊Ê„Ÿ ∑§ ∑ȧ‹ •Ê„⁄UáÊ ¬⁄U éÿÊ¡ ∑§Ë ªáÊŸÊ ∑§Ë ¡ÊÿªË —
(A) 7 1 2 ◊„ËŸÊ¥ ∑§ Á‹∞ (B) 7 ◊„ËŸÊ¥ ∑§ Á‹∞

(C) 6 1 2 ◊„ËŸÊ¥ ∑§ Á‹∞ (D) 6 ◊„ËŸÊ¥ ∑§ Á‹∞

8. A, B and C are partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. D was 1
1
admitted as a new partner for share in the profits. D brought ` 20,000 as his share of
5
goodwill premium. The amount of goodwill premium credited to C’s account will be :
(A) ` 20,000 (B) ` 6,667 (C) ` 4,000 (D) NIL
1
A, B ÃÕÊ C ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– D ∑§Ê ‹Ê÷Ê¥ ◊¥ ÷ʪ ∑§
5
Á‹∞ ∞∑§ ŸÿÊ ‚ʤÊŒÊ⁄U ’ŸÊÿÊ ªÿÊ– D ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§ •¬Ÿ ÷ʪ ∑§ Á‹∞ ` 20,000 ‹ÊÿÊ– C ∑§ πÊÃ ∑§ ¡◊Ê
¬ˇÊ ◊¥ πÃÊÒŸË ∑§Ë ¡ÊŸ flÊ‹Ë ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§Ë ⁄UÊÁ‡Ê „ÊªË —
(A) ` 20,000 (B) ` 6,667 (C) ` 4,000 (D) NIL

9. Loss on revaluation of assets and reassessment of liabilities is debited to which of the following 1
accounts :
(A) Partners Capital Accounts
(B) Profit and Loss Account
(C) Profit and Loss Appropriation Account
(D) Profit and Loss Adjustment Account
¬Á⁄U‚ê¬ÁûÊÿÊ¥ ∑§ ¬ÈŸ◊͸ÀÿÊ¥∑§Ÿ ÃÕÊ ŒÿÃÊ•Ê¥ ∑§ ¬ÈŸÁŸ¸œÊ¸⁄UáÊ ∑§Ë „ÊÁŸ ∑§Ë πÃÊÒŸË ÁŸêŸ ◊¥ ‚ Á∑§‚∑§ πÊÃ ŸÊ◊ ¬ˇÊ ◊¥
∑§Ë ¡ÊÃË „Ò —
(A) ‚ʤÊŒÊ⁄U ∑§ ¬Í°¡Ë πÊÃ
(B) ‹Ê÷-„ÊÁŸ πÊÃÊ
(C) ‹Ê÷-„ÊÁŸ ÁflÁŸÿÊ¡Ÿ πÊÃÊ
(D) ‹Ê÷-„ÊÁŸ ‚◊ÊÿÊ¡Ÿ πÊÃÊ

10. State any three characteristics of ‘Specific Reserve’. 3
“ÁflÁ‡Êc≈U ‚¥øÿ” ∑§Ë Á∑§ã„Ë¥ ÃËŸ Áfl‡Ê·ÃÊ•Ê¥ ∑§Ê ©ÀÀÊπ ∑§ËÁ¡∞–

11. Give any three points of difference between ‘Fixed Capital Accounts’ and ‘Fluctuating Capital 3
Accounts’.
“SÕÊÿË ¬Í°¡Ë πÊÃÊ” ÃÕÊ “¬Á⁄UfløŸ‡ÊË‹ ¬Í°¡Ë πÊÃÊ” ◊¥ •ãÃ⁄U ∑§ ∑§Ê߸ ÃËŸ Á’ãŒÈ ŒËÁ¡∞–

62/OSS/2-320-C ] 4 [ Contd...

12. Briefly explain any three objectives of preparing financial statements. 3
ÁflûÊËÿ Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§⁄UŸ ∑§ Á∑§ã„Ë¥ ÃËŸ ©g‡ÿÊ¥ ∑§Ê ‚¥ˇÊ¬ ◊¥ ‚◊¤ÊÊß∞–

13. On 1.1.2015 M/s Ashok purchased a machinery for ` 24,00,000. The working life of the 5
machinery was five years and at the end of its working life its estimated scrap value was
` 4,00,000. On 31.3.2019 the machinery scrap was sold for ` 3,80,000.
Prepare Machinery Account from 1.1.2015 to 31.12.2019. M/s Ashok close their books on
31st December every year.
1.1.2015 ∑§Ê M/s •‡ÊÊ∑§ Ÿ ` 24,00,000 ∑§Ê ∞∑§ ◊‡ÊËŸ⁄UË ∑§Ê ∑˝§ÿ Á∑§ÿÊ– ◊‡ÊËŸ ∑§Ê ∑§Êÿ¸∑§Ê⁄UË ¡ËflŸ ¬Ê°ø fl·¸
ÕÊ ÃÕÊ ∑§Êÿ¸∑§Ê⁄UË ¡ËflŸ ∑§ ¬‡øÊØ ß‚∑§ •¬Á‡Êc≈U ∑§Ê •ŸÈ◊ÊÁŸÃ ◊ÍÀÿ ` 4,00,000 ÕÊ– 31.3.2019 ∑§Ê •¬Á‡Êc≈U
∑§Ê ` 3,80,000 ◊¥ ’ø ÁŒÿÊ ªÿÊ–
1.1.2015 ‚ 31.12.2019 Ã∑§ ◊‡ÊËŸ⁄UË πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞– ◊Ò. •‡ÊÊ∑§ Á‹Á◊≈U«U •¬ŸË ¬ÈSÃ∑¥§ ¬˝ÁÃfl·¸ 31
ÁŒ‚ê’⁄U ∑§Ê ’¥Œ ∑§⁄UÃ „Ò¥–

14. From the following information calculate total purchases for the year ended 31.12.2020 : 5
`
Opening balance of creditors 80,000
Opening balance of bills payable 30,000
Closing balance of bills payable 20,000
Closing balance of creditors 1,60,000
Cash paid to creditors during the year 3,70,000
Bills payable met during the year 90,000
Purchases Returns 10,000
Cash purchases 25% of credit purchases.
ÁŸêŸ ‚ÍøŸÊ ‚ 31.12.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ ∑ȧ‹ ∑˝§ÿ ∑§Ë ªáÊŸÊ ∑§ËÁ¡∞ —
`
‹ŸŒÊ⁄UÊ¥ ∑§Ê •Ê⁄UÁê÷∑§ ‡Ê· 80,000
Œÿ Áfl¬òÊÊ¥ ∑§Ê •Ê⁄UÁê÷∑§ ‡Ê· 30,000
Œÿ Áfl¬òÊÊ¥ ∑§Ê •ÁãÃ◊ ‡Ê· 20,000
‹ŸŒÊ⁄UÊ¥ ∑§Ê •ÁãÃ◊ ‡Ê· 1,60,000
fl·¸ ◊¥ ‹ŸŒÊ⁄UÊ¥ ∑§Ê ŸªŒ ÷ȪÃÊŸ 3,70,000
fl·¸ ◊¥ Œÿ Áfl¬òÊÊ¥ ∑§Ê ÷ȪÃÊŸ 90,000
∑˝§ÿ flʬ‚Ë 10,000
ŸªŒ ∑˝§ÿ, ©œÊ⁄U ∑˝§ÿ ∑§Ê 25%.

62/OSS/2-320-C ] 5 [ Contd...

15. Ajay and Vijay were partners in a firm sharing profits in the ratio of 3 : 2. Their fixed 5
Capitals were Ajay ` 5,00,000 and Vijay ` 4,00,000. The partnership deed provided for the
following :
(a) Interest on capital @ 10% p.a.
(b) Interest on drawings @ 6% p.a.
(c) Monthly salary of ` 10,000 to Ajay and half yearly salary of ` 50,000 to Vijay.
During the year ended 31.12.2020 the firm earned a net profit of ` 12,50,000. During the
year each partner withdrew ` 60,000. Prepare Profit and Loss Appropriation Account of
Ajay and Vijay.

•¡ÿ ÃÕÊ Áfl¡ÿ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 2 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– ©Ÿ∑§Ë SÕÊÿË ¬Í°¡Ë— •¡ÿ
` 5,00,000 ÃÕÊ Áfl¡ÿ ` 4,00,000 ÕË– ‚ʤÊŒÊ⁄UË ‚¥‹π ◊¥ ÁŸêŸ ∑§Ê ¬˝ÊflœÊŸ ÕÊ —

(a) ¬Í°¡Ë ¬⁄U 10% flÊÁ·¸∑§ éÿÊ¡–
(b) •Ê„⁄UáÊ ¬⁄U 6% flÊÁ·¸∑§ éÿÊ¡–
(c) •¡ÿ ∑§Ê ` 10,000 ◊ÊÁ‚∑§ flß ÃÕÊ Áfl¡ÿ ∑§Ê ` 50,000 ¿— U◊Ê„Ë flß–
31.12.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ◊¥ »§◊¸ Ÿ ` 12,50,000 ∑§Ê ‡ÊÈh ‹Ê÷ •Á¡¸Ã Á∑§ÿÊ–
fl·¸ ◊¥ ¬˝àÿ∑§ ‚ʤÊŒÊ⁄U Ÿ
` 60,000 ∑§Ê •Ê„⁄UáÊ Á∑§ÿÊ– •¡ÿ ÃÕÊ Áfl¡ÿ ∑§Ê ‹Ê÷-„ÊÁŸ ÁflÁŸÿÊ¡Ÿ πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

16. State any five features of a ‘Public Company’. 5

∞∑§ “‚Êfl¸¡ÁŸ∑§ ∑§ê¬ŸË” ∑§Ë Á∑§ã„Ë¥ ¬Ê°ø Áfl‡Ê·ÃÊ•Ê¥ ∑§Ê ©ÀÀÊπ ∑§ËÁ¡∞–

17. Kumar Ltd., invited applications for issuing 4,000, 9% debentures of ` 100 each at a premium 5
of 10%. The amount was payable as follows :
On application and allotment ` 50 (including premium). On First and Final call – Balance
Applications for 5,000 debentures were received. Debentures were allotted to all the applicants
on pro-rata basis. Excess application money was adjusted towards sums due on first and
final call.
Pass necessary journal entries for the above transactions in the book of Kumar Ltd.

∑ȧ◊Ê⁄U Á‹Á◊≈U«U Ÿ ` 100 ¬˝àÿ∑§ ∑§ 4,000, 9% ´§áʬòÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– Á¡ã„¥ 10%
¬˝ËÁ◊ÿ◊ ¬⁄U ÁŸª¸Á◊à Á∑§ÿÊ ¡ÊŸÊ ÕÊ– ⁄UÊÁ‡Ê ÁŸêŸ ¬˝∑§Ê⁄U ‚ Œÿ ÕË —
•ÊflŒŸ ÃÕÊ •Ê’¥≈UŸ ¬⁄U ` 50 (¬˝ËÁ◊ÿ◊ ‚Á„Ã) ¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U ‡Ê·– 5,000 ´§áʬòÊÊ¥ ∑§ Á‹∞
•ÊflŒŸ ¬˝Êåà „È∞– ‚÷Ë •ÊflŒ∑§Ê¥ ∑§Ê •ÊŸÈ¬ÊÁÃ∑§ •ÊœÊ⁄U ¬⁄U ´§áʬòÊÊ¥ ∑§Ê •Ê’¥≈UŸ ∑§⁄U ÁŒÿÊ ªÿÊ– •ÁÃÁ⁄UÄà •ÊflŒŸ
⁄UÊÁ‡Ê ∑§Ê ‚◊ÊÿÊ¡Ÿ, ¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U Œÿ ⁄UÊÁ‡Ê ◊¥ ∑§⁄U Á‹ÿÊ ªÿÊ–
©¬⁄UÊÄà ‹ŸŒŸ ∑§ Á‹∞ ∑ȧ◊Ê⁄U Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ¥ ∑§ËÁ¡∞–

62/OSS/2-320-C ] 6 [ Contd...

18. SM Ltd., invited applications for issuing 80,000 equity shares of ` 10 each. The amount was 5
payable as follows :
On application ` 2 per share.
On allotment ` 3 per share.
On first and final call – balance.
Applications of 78,000 shares were received. Shares were fully allotted to all the applicants.
Mohan has applied for 5,000 shares. He paid his entire share money with application. Sohan
to whom 4,000 shares were allotted failed to pay allotment and call money. His shares were
forfeited.
Pass necessary journal entries for the above transactions in the books of SM Ltd.
∞‚.∞◊. Á‹Á◊≈U«U Ÿ ` 10 ¬˝àÿ∑§ ∑§ 80,000 ‚◊ÃÊ •¥‡ÊÊ¥ ∑§ ÁŸª¸◊Ÿ ∑§ Á‹∞ •ÊflŒŸ •Ê◊ÁãòÊà Á∑§∞– ⁄UÊÁ‡Ê ÁŸêŸ
¬˝∑§Ê⁄U ‚ Œÿ ÕË —
•ÊflŒŸ ¬⁄U ` 2 ¬˝Áà •¥‡Ê
•Ê’¥≈UŸ ¬⁄U ` 3 ¬˝Áà •¥‡Ê
¬˝Õ◊ ÃÕÊ •ÁãÃ◊ ÿÊøŸÊ ¬⁄U - ‡Ê·
78,000 •¥‡ÊÊ¥ ∑§ Á‹∞ •ÊflŒŸ ¬˝Êåà „È∞ ÃÕÊ ‚÷Ë •ÊflŒ∑§Ê¥ ∑§Ê ¬Íáʸ M§¬ ‚ •¥‡ÊÊ¥ ∑§Ê •Ê’¥≈UŸ ∑§⁄U ÁŒÿÊ ªÿÊ– ◊Ê„Ÿ
Ÿ 5,000 •¥‡ÊÊ¥ ∑§ Á‹∞ •ÊflŒŸ Á∑§ÿÊ– ©‚Ÿ •¬ŸË ¬Íáʸ •¥‡Ê ⁄UÊÁ‡Ê ∑§Ê ÷ȪÃÊŸ •ÊflŒŸ ∑§ ‚ÊÕ ∑§⁄U ÁŒÿÊ– ‚Ê„Ÿ
Á¡‚ 4,000 •¥‡ÊÊ¥ ∑§Ê •Ê’¥≈UŸ Á∑§ÿÊ ªÿÊ ÕÊ, •Ê’¥≈UŸ ⁄UÊÁ‡Ê ÃÕÊ ¬˝Õ◊ ∞fl¥ •ÁãÃ◊ ÿÊøŸÊ ⁄UÊÁ‡Ê ∑§Ê ÷ȪÃÊŸ ∑§⁄UŸ ◊¥
•‚»§‹ ⁄U„Ê– ©‚∑§ •¥‡ÊÊ¥ ∑§Ê „⁄UáÊ ∑§⁄U Á‹ÿÊ ªÿÊ–
©¬⁄UÊÄà ‹ŸŒŸ ∑§ Á‹∞ ∞‚.∞◊. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ° ∑§ËÁ¡∞–
19. A, B and C were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 31.3.2020 their 6
Balance Sheet was as follows :
Balance Sheet of A, B and C as on 31.3.2020
Liabilities Amount Assets Amount
` `
Sundry Creditors 40,000 Bank 30,000
Bills Payable 20,000 Debtors 40,000
Stock 50,000
Capitals : Furniture 10,000
A 1,00,000 Land and Building 1,30,000
B 60,000
C 40,000 2,00,000
2,60,000 2,60,000
On the above date the firm was dissolved. The assets were sold and the liabilities were paid
off as follows :
(i) Debtors realised ` 38,000 and stock was taken over by A at 20% less than book value.
(ii) Furniture was taken over by B for ` 6,000 and Land and building was sold for
` 2,00,000.
(iii) Creditors were paid at a discount of 1% and bills payable were discharged at a rebate
of 10%.
(iv) Expenses of dissolution ` 2,000 were paid by C.
Prepare Realisation Account, Partners Capital Accounts and Bank Account.

62/OSS/2-320-C ] 7 [ Contd...

A, B ÃÕÊ C ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê ©Ÿ∑§Ê ÁSÕÁÃ
Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ —
31.3.2020 ∑§Ê, A, B ÃÕÊ C ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
ÁflÁ÷㟠‹ŸŒ⁄U 40,000 ’Ò¥∑§ 30,000
Œÿ Á’‹ 20,000 ŒŸŒÊ⁄U 40,000
S≈UÊÚ∑§ 50,000
¬Í°¡Ë — »§ŸË¸ø⁄U 10,000
A 1,00,000 ÷ÍÁ◊ ÃÕÊ ÷flŸ 1,30,000
B 60,000
C 40,000 2,00,000
2,60,000 2,60,000

©¬⁄UÊÄà ÁÃÁÕ ∑§Ê »§◊¸ ∑§Ê ÁflÉÊ≈UŸ „Ê ªÿÊ– ‚ê¬ÁûÊÿÊ¥ ∑§Ê Áfl∑˝§ÿ ÃÕÊ ŒÿÃÊ•Ê¥ ∑§Ê ÷ȪÃÊŸ ÁŸêŸ ¬˝∑§Ê⁄U ‚ Á∑§ÿÊ
ªÿÊ —
(i) ŒŸŒÊ⁄UÊ¥ ‚ ` 38,000 ¬˝Êåà „È∞ ÃÕÊ S≈UÊÚ∑§ ∑§Ê A Ÿ ¬ÈSÃ∑§ ◊ÍÀÿ ∑§ 20% ∑§◊ ¬⁄U ‹ Á‹ÿÊ–
(ii) B Ÿ ` 6,000 ◊¥ »§ŸË¸ø⁄U ‹ Á‹ÿÊ ÃÕÊ ÷ÍÁ◊ ∞fl¥ ÷flŸ ∑§Ê Áfl∑˝§ÿ ` 2,00,000 ◊¥ Á∑§ÿÊ ªÿÊ–
(iii) ‹ŸŒÊ⁄UÊ¥ ∑§Ê ÷ȪÃÊŸ 1% ∑§ ’^ ¬⁄U Á∑§ÿÊ ªÿÊ ÃÕÊ Œÿ Á’‹Ê¥ ∑§Ê ÷ȪÃÊŸ 10% ∑§Ë ¿ÍU≈U ¬⁄U Á∑§ÿÊ ªÿÊ–
(iv) fl‚Í‹Ë √ÿÿ ` 2,000 ∑§Ê ÷ȪÃÊŸ C Ÿ Á∑§ÿÊ–
fl‚Í‹Ë πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ’Ò¥∑§ πÊÃÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

20. Pass necessary journal entries for the following transactions in the books of K.L. Ltd. 6
(i) Issued 3,000, 9% debentures of ` 100 each at a discount of ` 5 per debenture. The
debentures were redeemable at par after three years.
(ii) Issued 4,000, 10% debentures of ` 100 each at a premium of 10% redeemable at par.
(iii) Issued ` 5,00,000, 11% debentures at par, redeemable at par.
(iv) Issued 6,000, 12% debentures of ` 100 each at par, redeemable at a premium of ` 15
per debenture.
ÁŸêŸÁ‹Áπà ‹ŸŒŸ ∑§ Á‹∞ ∑§. ∞‹. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ◊¥ •Êfl‡ÿ∑§ ⁄UÊ¡ŸÊ◊øÊ ¬˝ÁflÁc≈UÿÊ° ∑§ËÁ¡∞–
(i) ` 100 ¬˝àÿ∑§ ∑§ 3,000, 9% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ` 5 ¬˝Áà ´§áʬòÊ ∑§ ’^ ¬⁄U Á∑§ÿÊ ªÿÊ– ´§áʬòÊÊ¥ ∑§Ê
‡ÊÊœŸ ÃËŸ fl·ÊZ ¬‡øÊØ ‚◊◊ÍÀÿ ¬⁄U Á∑§ÿÊ ¡ÊÿªÊ–
(ii) ` 100 ¬˝àÿ∑§ ∑§ 4,000, 10% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ 10% ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U Á∑§ÿÊ ªÿÊ Á¡Ÿ∑§Ê ‡ÊÊœŸ ‚◊◊ÍÀÿ
¬⁄U ∑§⁄UŸÊ „Ò–
(iii) ` 5,00,000 ∑§ 11% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ‚◊◊ÍÀÿ ¬⁄U Á∑§ÿÊ ªÿÊ, Á¡Ÿ∑§Ê ‡ÊÊœŸ ‚◊◊ÍÀÿ ¬⁄U ∑§⁄UŸÊ „Ò–
(iv) ` 100 ¬˝àÿ∑§ ∑§ 6,000, 12% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ ‚◊◊ÍÀÿ ¬⁄U Á∑§ÿÊ ªÿÊ, Á¡Ÿ∑§Ê ‡ÊÊœŸ ` 15 ¬˝ÁÃ
´§áʬòÊ ∑§ ¬˝ËÁ◊ÿ◊ ¬⁄U ∑§⁄UŸÊ „Ò–

62/OSS/2-320-C ] 8 [ Contd...

21. From the following Trial Balance of M/s. Shiv Prasad, prepare Trading and Profit and Loss 10
Account for the year ended 31.3.2020 and the Balance Sheet as on that date :

Trial Balance of M/s. Shiv Prasad as on 31.3.2020

Particulars Debit Balance Credit Balance
` `
Stock (as on 1.4.2019) 21,000
Purchases 40,000
Sales 1,20,000
Debtors 18,000
Creditors 15,000
Wages 9,000
Carriage inwards 3,000
Salary 11,000
Insurance 4,000
Rent 9,000
Commission Received 11,000
Office Expenses 2,000
Telephone bill 1,000
Furniture 21,000
Motor Van 50,000
Capital 60,000
Cash at bank 17,000
2,06,000 2,06,000

Additional Information :

(i) Stock on 31.3.2020 was ` 26,000.

(ii) Motor van is to be depreciated @ 10%.

(iii) Create a provision of 10% on debtors for bad and doubtful debts.

(iv) Outstanding salary was ` 3,000.

62/OSS/2-320-C ] 9 [ Contd...

M/s Á‡Êfl ¬˝‚ÊŒ ∑§ ÁŸêŸ ˬ≈U ‚ 31.3.2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ √ÿʬÊ⁄U ÃÕÊ ‹Ê÷-„ÊÁŸ πÊÃÊ ÃÕÊ ©‚Ë
ÁÃÁÕ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–
31.3.2020 ∑§Ê M/s Á‡Êfl ¬˝‚ÊŒ ∑§Ê ˬ≈U

Áflfl⁄UáÊ ŸÊ◊ ‡Ê· ¡◊Ê ‡Ê·
` `
S≈UÊÚ∑§ (1.4.2019) 21,000
∑˝§ÿ 40,000
Áfl∑˝§ÿ 1,20,000
ŒŸŒÊ⁄U 18,000
‹ŸŒÊ⁄U 15,000
◊$¡ŒÍ⁄UË 9,000
•Êfl∑§ ÷Ê«∏Ê 3,000
flß 11,000
’Ë◊Ê 4,000
Á∑§⁄UÊÿÊ 9,000
¬˝Êåà ∑§◊ˇʟ 11,000
∑§Êÿʸ‹ÿ √ÿÿ 2,000
≈U‹Ë»§ÊŸ Á’‹ 1,000
»§ŸË¸ø⁄U 21,000
◊Ê≈U⁄U flÒŸ 50,000
¬Í°¡Ë 60,000
’Ò¥∑§ 17,000
2,06,000 2,06,000

•ÁÃÁ⁄UÄà ‚ÍøŸÊ —
(i) 31.3.2020 ∑§Ê S≈UÊÚ∑§ ` 26,000 ÕÊ–

(ii) ◊Ê≈U⁄U flÒŸ ¬⁄U 10% ∑§Ë Œ⁄U ‚ ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–
(iii) «ÍU’à ÃÕÊ ‚¥ÁŒÇœ ´§áÊÊ¥ ∑§ Á‹∞ ŒŸŒÊ⁄UÊ¥ ¬⁄U 10% ¬˝ÊflœÊŸ ’ŸÊß∞–
(iv) •ŒûÊ flß ` 3,000 ÕÊ–
OR / •ÕflÊ

62/OSS/2-320-C ] 10 [ Contd...

Following is the Receipts and Payments Account of Sangam Club for the year ended 31.3.2020.

Receipts and Payments Account of Sangam Club for the year ended 31.3.2020
Amount Amount
Receipts Payments
` `
To balance b/d By Honorarium 70,000
Cash 4,000
Bank 32,000 36,000 By Equipments 80,000
To subscription By Wages 20,000
2018-19 3,000 By Rent 60,000
2019-20 80,000
2020-21 7,000 90,000 By workshop expenses 50,000
To general donations 1,70,000 By Fixed Deposit 1,17,000
(31.3.2020) @ 9% p.a.
By bal. c/d
To Building Fund Donation 3,00,000 Cash 95,000
Bank 1,04,000
5,96,000 5,96,000

Additional Information :

(i) The club has 80 members each paying an annual subscription of ` 1,200.

(ii) On 1.4.2019 the club had equipments ` 2,30,000 and furniture ` 1,50,000.

(iii) Charge depreciation @ 10% on equipment, including equipment purchased during the
year.

(iv) Depreciate furniture by 20%

(v) Wages outstanding were ` 9,000

(vi) Outstanding workshop expenses were ` 14,000.

Prepare Income and Expenditure Account for the year ended 31.3.2020 and Balance Sheet
as on that date.

62/OSS/2-320-C ] 11 [ Contd...

31 ◊Êø¸ 2020 ∑§Ê ‚◊Êåà „È∞ fl·¸ ∑§ Á‹∞ ‚¥ª◊ Ä‹’ ∑§Ê ¬˝ÊÁåà ÃÕÊ ÷ȪÃÊŸ πÊÃÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ „Ò —

31 ◊Êø¸ 2020 ∑§Ê ‚◊Êåà fl·¸ ∑§ Á‹∞ ‚¥ª◊ Ä‹’ ∑§Ê ¬˝ÊÁåà ÃÕÊ ÷ȪÃÊŸ πÊÃÊ
⁄ÊÁ‡Ê ⁄ÊÁ‡Ê
¬˝ÊÁåÃÿÊ° ÷ȪÃÊŸ
` `
‡Ê· ŸËø ‹ÊŸÊ ◊ÊŸŒÿ 70,000
ٻΠ4,000
’Ò¥∑§ 32,000 36,000 ©¬∑§⁄UáÊ 80,000
øãŒÊ ◊$¡ŒÍ⁄UË 20,000
2018-19 3,000 Á∑§⁄UÊÿÊ 60,000
2019-20 80,000
2020-21 7,000 90,000 ∑§Êÿ¸‡ ÊÊ‹Ê √ÿÿ 50,000
‚Ê◊Êãÿ ŒÊŸ 1,70,000 SÕÊÿË ¡◊Ê (31.3.2020) 1,17,000

@ 9% ¬˝ÁÃfl·¸
‡Ê· ŸËø ‹Ê∞
÷flŸ ∑§Ê· ŒÊŸ 3,00,000 ŸªŒ 95,000
’Ò¥∑§ 1,04,000
5,96,000 5,96,000

•ÁÃÁ⁄UÄàÊ ‚ÍøŸÊ —

(i) Ä‹’ ∑§ 80 ‚ŒSÿ „Ò¥ ÃÕÊ ¬˝àÿ∑§ ‚ŒSÿ ` 1,200 flÊÁ·¸∑§ øãŒÊ ŒÃÊ „Ò–

(ii) 1.4.2019 ∑§Ê Ä‹’ ∑§ ¬Ê‚ ` 2,30,000 ∑§ ©¬∑§⁄UáÊ ÃÕÊ ` 1,50,000 ∑§Ê »§ŸË¸ø⁄U ÕÊ–

(iii) fl·¸ ◊¥ ∑˝§ÿ Á∑§∞ ª∞ ©¬∑§⁄UáÊÊ¥ ‚Á„à ©¬∑§⁄UáÊÊ¥ ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–

(iv) »§ŸË¸ø⁄U ¬⁄U 20% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ „Ò–

(v) •ŒûÊ ◊¡ŒÍ⁄UË ` 9,000 ÕË–

(vi) •ŒûÊ ∑§Êÿ¸‡ÊÊ‹Ê √ÿÿ ` 14,000 Õ–

31 ◊Êø¸ 2020 ∑§Ê ‚◊ÊåàÊ „È∞ fl·¸ ∑§ Á‹∞ •Êÿ ÃÕÊ √ÿÿ πÊÃÊ ÃÕÊ ©‚Ë ÁÃÁÕ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

62/OSS/2-320-C ] 12 [ Contd...

22. X and Y were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31.3.2020 10
their balance sheet was as follows :

Balance Sheet of X and Y as on 31.3.2020
Liabilities Amount Assets Amount
` `
Capitals : Bank 1,30,000
X 2,50,000 Debtors 1,00,000
Y 1,50,000 4,00,000 Less Provision 5,000 95,000
Workman Compensation Fund 40,000 Stock 45,000
General Reserve 80,000 Bills Receivables 60,000
Creditors 1,30,000 Furniture 30,000
Bills Payable 20,000 Machinery 1,10,000
Land and Building 2,00,000
6,70,000 6,70,000

1
On 1.4.2020 Z was admitted as a new partner for th share in the profits on the following
5
terms :

(i) Z will bring ` 1,00,000 as his capital and ` 20,000 for his share of goodwill premium.

(ii) ` 2,000 of the creditors were not likely to claim.

(iii) There was no liability for workman compensation.

(iv) Provision for bad debts was to be raised to ` 8,000 and stock was to be depreciated by
` 5,000.

(v) Furniture and Machinery was to be depreciated by 10% and Land and building was to
be appreciated by ` 20,000.

Prepare Revaluation Account, Partner’s Capital Accounts and the Balance Sheet of the
reconstituted firm.

62/OSS/2-320-C ] 13 [ Contd...

X ÃÕÊ Y ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 3 : 2 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê ©Ÿ∑§Ê ÁSÕÁÃ
Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ —

31.3.2020 ∑§Ê X ÃÕÊ Y ∑§Ê ÁSÕÁà Áflfl⁄UáÊ
ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
¬Í°¡Ë — ’Ò¥∑§ 1,30,000
X 2,50,000 ŒŸŒÊ⁄U 1,00,000
Y 1,50,000 4,00,000 ÉÊ≈UÊ ¬˝ÊflœÊŸ 5,000 95,000
∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ê· 40,000 S≈UÊÚ∑§ 45,000
‚Ê◊Êãÿ ‚¥øÿ 80,000 ¬˝Êåÿ Á’‹ 60,000
‹ŸŒÊ⁄U 1,30,000 »§ŸË¸ø⁄U 30,000
Œÿ Á’‹ 20,000 ◊‡ÊËŸ⁄UË 1,10,000
÷ÍÁ◊ ÃÕÊ ÷flŸ 2,00,000
6,70,000 6,70,000

1
1.4.2020 ∑§Ê ©ã„Ê¥Ÿ ‹Ê÷ ∑§ ÷ʪ ∑§ Á‹∞ Z ∑§Ê ÁŸêŸ ‡ÊÃÊZ ¬⁄U ∞∑§ ŸÿÊ ‚ʤÊŒÊ⁄U ’ŸÊÿÊ–
5

(i) Z •¬ŸË ¬Í°¡Ë ∑§ Á‹∞ ` 1,00,000 ÃÕÊ ÅÿÊÁà ¬˝ËÁ◊ÿ◊ ∑§ •¬Ÿ ÷ʪ ∑§ Á‹∞ ` 20,000 ‹ÊÿªÊ–

(ii) ` 2,000 ∑§ ‹ŸŒÊ⁄U ŒÊflÊ Ÿ„Ë¥ ∑§⁄¥Uª–

(iii) ∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ë ∑§Ê߸ ŒÿÃÊ Ÿ„Ë¥ ÕË–

(iv) «ÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ ∑§Ê ` 8,000 Ã∑§ ’…∏ÊŸÊ ÕÊ ÃÕÊ S≈UÊÚ∑§ ¬⁄U ` 5,000 ∑§Ê ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ–

(v) »§ŸË¸ø⁄U ÃÕÊ ◊‡ÊËŸ⁄UË ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ ÃÕÊ ÷ÍÁ◊ ÃÕÊ ÷flŸ ∑§Ê ` 20,000 ‚ ’…∏ÊŸÊ ÕÊ–

¬ÈŸ◊͸ÀÿÊ∑¥§Ÿ πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ¬ÈŸª¸Á∆Uà »§◊¸ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

OR/•ÕflÊ

62/OSS/2-320-C ] 14 [ Contd...

Ajay, Vijay and Kamal were partners in a firm sharing profits and losses in the ratio of
2 : 1 : 1. On 31.3.2020 their Balance Sheet was as follows :

Balance Sheet of Ajay, Vijay and Kamal as on 31.3.2020

Liabilities Amount Assets Amount
` `
Capitals : Bank 75,000
Ajay 2,00,000 Debtors 1,05,000
Vijay 1,00,000 Less Provision 5,000 1,00,000
Kamal 1,00,000 4,00,000 Bills Receivable 25,000
General Reserve 80,000 Stock 80,000
Furniture 60,000
Workman Compensation Fund 40,000 Machinery 2,00,000
Creditors 1,70,000 Land and Building 2,00,000
Bills Payable 50,000
7,40,000 7,40,000

On 1.4.2020 Ajay retired and the following was agreed upon :

(i) Goodwill of the firm was valued at ` 2,40,000 and Ajay’s share of the same was adjusted
through the capital accounts of Vijay and Kamal.

(ii) Liability towards workman compensation fund was estimated at ` 20,000.

(iii) Provision for bad debts was to be increased by ` 10,000 and stock was to be reduced to
` 70,000.

(iv) 10% Depreciation was to be charged on furniture and machinery and land and building
was to be appreciated by ` 50,000.

Prepare Revaluation Account, Partner’s Capital Accounts and the Balance Sheet of the
reconstituted firm.

62/OSS/2-320-C ] 15 [ Contd...

•¡ÿ, Áfl¡ÿ ÃÕÊ ∑§◊‹ ∞∑§ »§◊¸ ∑§ ‚ʤÊŒÊ⁄U Õ ÃÕÊ 2 : 1 : 1 ∑§ •ŸÈ¬Êà ◊¥ ‹Ê÷-„ÊÁŸ ’Ê¥≈UÃ Õ– 31.3.2020 ∑§Ê
©Ÿ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÁŸêŸ ¬˝∑§Ê⁄U ‚ ÕÊ–

31.3.2020 ∑§ •¡ÿ, Áfl¡ÿ ÃÕÊ ∑§◊‹ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ

ŒÿÃÊ∞° ⁄UÊÁ‡Ê ‚¥¬ÁûÊÿÊ° ⁄UÊÁ‡Ê
` `
¬Í°¡Ë — ’Ò¥∑§ 75,000
•¡ÿ 2,00,000 ŒŸŒÊ⁄U 1,05,000
Áfl¡ÿ 1,00,000 ÉÊ≈UÊ ¬˝ÊflœÊŸ 5,000 1,00,000
∑§◊‹ 1,00,000 4,00,000 ¬˝Êåÿ Á’‹ 25,000
‚Ê◊Êãÿ ‚¥øÿ 80,000 S≈UÊÚ∑§ 80,000
»§ŸË¸ø⁄U 60,000
∑§Ê◊ªÊ⁄U ˇÊÁìÍÃ˸ ∑§Ê· 40,000 ◊‡ÊËŸ⁄UË 2,00,000
‹ŸŒÊ⁄U 1,70,000 ÷ÍÁ◊ ÃÕÊ ÷flŸ 2,00,000
Œÿ Á’‹ 50,000
7,40,000 7,40,000

1.4.2020 ∑§Ê •¡ÿ Ÿ •fl∑§Ê‡Ê ª˝„áÊ Á∑§ÿÊ ÃÕÊ ÁŸêŸ ¬⁄U ‚„◊Áà „È߸–

(i) »§◊¸ ∑§Ë ÅÿÊÁà ∑§Ê ◊ÍÀÿÊ¥∑§ ` 2,40,000 ÕÊ ÃÕÊ ß‚◊¥ ‚ •¡ÿ ∑§ ÷ʪ ∑§Ê ‚◊ÊÿÊ¡Ÿ Áfl¡ÿ ÃÕÊ ∑§◊‹ ∑§
¬Í°¡Ë πÊÃÊ¥ ∑§ ◊Êäÿ◊ ‚ Á∑§ÿÊ ¡ÊÿªÊ–

(ii) ∑§Ê◊ªÊ⁄U ˇÊÁìÍÁø ∑§Ë ŒÿÃÊ ∑§Ê •ŸÈ◊ÊŸ ` 20,000 ‹ªÊÿÊ ªÿÊ–

(iii) «ÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ ∑§Ê ` 10,000 ’…∏ÊŸÊ ÕÊ ÃÕÊ S≈UÊÚ∑§ ∑§Ê ` 70,000 Ã∑§ ∑§◊ ∑§⁄UŸÊ ÕÊ–

(iv) »§ŸË¸ø⁄U ÃÕÊ ◊‡ÊËŸ⁄UË ¬⁄U 10% ◊ÍÀÿOÊ‚ ‹ªÊŸÊ ÕÊ ÃÕÊ ÷ÍÁ◊ ÃÕÊ ÷flŸ ∑§Ê ` 50,000 ’…∏ÊŸÊ ÕÊ–

¬ÈŸ◊͸ÀÿÊ¥∑§Ÿ πÊÃÊ, ‚ʤÊŒÊ⁄UÊ¥ ∑§ ¬Í°¡Ë πÊÃ ÃÕÊ ¬ÈŸª¸Á∆Uà »§◊¸ ∑§Ê ÁSÕÁà Áflfl⁄UáÊ ÃÒÿÊ⁄U ∑§ËÁ¡∞–

62/OSS/2-320-C ] 16 [ Contd...

SECTION - B/πá«U - ’

OPTION - I/Áfl∑§À¬ - I
(Analysis of Financial Statements)
(ÁflûÊËÿ Áflfl⁄UáÊÊ¥ ∑§Ê Áfl‡‹·áÊ)

23. List any two items that are presented under the heading ‘Fixed Assets’ in the Balance Sheet 1
of a company.
Á∑§‚Ë ∑§ê¬ŸË ∑§ ÁSÕÁà Áflfl⁄UáÊ ◊¥ SÕÊÿË ¬Á⁄U‚ê¬ÁûÊÿÊ¥ ∑§ •ãê¸Ã Œ‡ÊʸÿË ¡ÊŸflÊ‹Ë Á∑§ã„Ë¥ ŒÊ ◊ŒÊ¥ ∑§Ë ‚ÍøË ŒËÁ¡∞–

24. Briefly explain the interest of ‘management’ and ‘investors’ in the analysis of financial 3
statements.
ÁflûÊËÿ Áflfl⁄UáÊ Áfl‡‹·áÊ ◊¥ “¬˝’¥œŸ” ÃÕÊ “ÁŸfl‡Ê∑§Ê¥” ∑§ Á„à ∑§Ê ‚¥ˇÊ¬ ◊¥ ‚◊¤ÊÊß∞–

25. Explain the interest of ‘Government and their Agencies’ and ‘Stock Exchange’ in the analysis 5
of financial statements.
ÁflûÊËÿ Áflfl⁄UáÊ ∑§ Áfl‡‹·áÊ ◊¥ “‚⁄U∑§Ê⁄U ÃÕÊ ©‚∑§Ë ∞¡Áã‚ÿÊ¥” ÃÕÊ “S≈UÊÚ∑§ ∞Ä‚ø¥¡” ∑§ Á„à ∑§Ê ‚◊¤ÊÊß∞–

26. From the following information obtained from the books of KL Ltd. ; calculate : 5
(i) Debt - Equity Ratio and
(ii) Proprietary Ratio
Information : Equity Share Capital ` 5,00,000 ;
Preference Share Capital ` 3,00,000 ;
Reserves and surplus ` 50,000 ;
9% Debentures ` 4,00,000 ; Creditors ` 1,60,000 and Debtors ` 2,00,000.
∑§.∞‹. Á‹Á◊≈U«U ∑§Ë ¬ÈSÃ∑§Ê¥ ‚ ¬˝ÊåàÊ ÁŸêŸ ‚ÍøŸÊ ‚ ÁŸêŸ •ŸÈ¬ÊÃÊ¥ ∑§Ë ªáÊŸÊ ∑§ËÁ¡∞ —
(i) ´§áÊ - ‚◊ÃÊ •ŸÈ¬Êà ÃÕÊ
(ii) SflÊÁ◊àfl •ŸÈ¬ÊÃ
‚ÍøŸÊ — ‚◊ÃÊ •¥‡Ê ¬Í°¡Ë ` 5,00,000 ;
¬ÍflʸÁœ∑§Ê⁄U •¥‡Ê ¬Í°¡Ë ` 3,00,000 ;
‚¥øÿ ∞fl¥ •ÊÁœÄÿ ` 50,000 ;
9% ´§áʬòÊ ` 4,00,000; ‹ŸŒÊ⁄U ` 1,60,000 ÃÕÊ ŒŸŒÊ⁄U ` 2,00,000.

62/OSS/2-320-C ] 17 [ Contd...

27. From the following Balance Sheet of SY Ltd., as at 31.3.2020, prepare a ‘cash flow statement’. 6
SY Ltd. Balance Sheet as at 31.3.2020

S.No. Particulars Note No. 31.3.2020 31.3.2019
` `
I EQUITY AND LIABILITIES
1. Shareholder's Funds
(a) Share Capital 10,00,000 10,00,000
(b) Reserve and Surplus 1 3,00,000 1,00,000
2. Non-Current Liabilities :
Long-term Borrowings 5,00,000 3,00,000
(10% Debentures)
3. Current Liabilities :
(a) Trade Payables 1,50,000 1,00,000
(b) Provision for bad debts 10,000 20,000
Total 19,60,000 15,20,000
II ASSETS
1. Non-Current Assets :
(a) Fixed Assets
(i) Tangible : Land and Building 12,00,000 8,00,000
(ii) Intangible : Goodwill - 20,000
2. Current Assets :
(a) Trade Receivables 3,40,000 1,60,000
(b) Inventories 1,80,000 2,80,000
(c) Cash and Cash Equivalents 1,50,000 1,00,000
(d) Short-term Loans and Advances 90,000 1,60,000
Total 19,60,000 15,20,000

Notes to Accounts :

Note No. Particulars 31.3.2020 31.3.2019
` `
1. Reserves and Surplus (Surplus i.e. Balance
in the statement of Profit and Loss) 3,00,000 1,00,000
3,00,000 1,00,000

Additional Information :
` 2,00,000 ; 10% Debentures were issued on 31.3.2020.

62/OSS/2-320-C ] 18 [ Contd...

31.3.2020 ∑§Ê SY Á‹Á◊≈U«U ∑§ ÁŸêŸ ÁSÕÁà Áflfl⁄UáÊ ‚ “⁄UÊ∑§«∏ ¬˝flÊ„ Áflfl⁄UáÊ” ÃÒÿÊ⁄U ∑§ËÁ¡∞–
SY Á‹Á◊≈U«U 31.3.2020 ∑§Ê ÁSÕÁà Áflfl⁄UáÊ
∑˝§. ‚¥. Áflfl⁄UáÊ ŸÊ≈U ‚¥ÅïÿÊ 31.3.2020 31.3.2019
` `
I ‚◊ÃÊ ∞fl¥ ŒÿÃÊ∞°
1. •¥‡ÊœÊ⁄UË ÁŸÁœÿÊ°
(a) •¥‡ Ê ¬Í°¡Ë 10,00,000 10,00,000
(b) ‚¥øÿ ∞fl¥ •ÊÁœÄÿ 1 3,00,000 1,00,000
2. •ø‹ ŒÿÃÊ∞°
ŒËÉʸ∑§Ê‹ËŸ ´§áÊ 5,00,000 3,00,000
(10% ´§áʬòÊ)
3. øÊ‹Í ŒÿÃÊ∞°
(a) √ÿʬÊÁ⁄U∑§ Œÿ 1,50,000 1,00,000
(b) «UÍU’à ´§áÊÊ¥ ∑§ Á‹∞ ¬˝ÊflœÊŸ 10,000 20,000
∑ȧ‹ 19,60,000 15,20,000
II ¬Á⁄U‚¥¬ÁûÊÿÊ°
1. •ø‹ ¬Á⁄U‚¥¬ÁûÊÿÊ° —
(a) SÕÊÿË ¬Á⁄U‚¥¬ÁûÊÿÊ°
(i) ◊Íø — ÷ÍÁ◊ ∞fl¥ ÷flŸ 12,00,000 8,00,000
ÅÿÊÁÃ
(ii) •◊Íø — ïÿÊÁà - 20,000
2. øÊ‹Í ¬UÁ⁄U‚¥¬ÁûÊÿÊ°
(a) √ÿʬÊUÁ⁄U∑§ ¬˝Êåÿ 3,40,000 1,60,000
(b) S≈UÊÚ∑§ 1,80,000 2,80,000
(c) ⁄UÊ∑§«∏ ∞fl¥ ⁄UÊ∑§«∏ ÃÈÀÿ 1,50,000 1,00,000
(d) ‹ÉÊÈ∑§Ê‹ËŸ ´§áÊ ∞fl¥ •Áª˝◊ 90,000 1,60,000
∑ȧ‹ 19,60,000 15,20,000
πÊÃÊ¥ ∑§ ŸÊ≈U‚˜ —
ŸÊ≈U ‚¥. Áflfl⁄UáÊ 31.3.2020 31.3.2019
` `
1. ‚¥øÿ ∞fl¥ •ÊÁœÄÿ (•ÊÁœÄÿ •Õʸà ‹Ê÷-„ÊÁŸ
Áflfl⁄UáÊ ∑§Ê ‡Ê·) 3,00,000 1,00,000
3,00,000 1,00,000
•ÁÃÁ⁄UÄàÊ ‚ÍøŸÊ —
` 2,00,000 ; 10% ´§áʬòÊÊ¥ ∑§Ê ÁŸª¸◊Ÿ 31.3.2020 ∑§Ê Á∑§ÿÊ ªÿÊ–

62/OSS/2-320-C ] 19 [ Contd...

OPTION - II/Áfl∑§À¬ - II

(Application of Computers in Financial Accounting)

(ÁflûÊËÿ ‹πÊ∑¥§Ÿ ◊¥ ∑¥§åÿÍ≈U⁄U ∑§Ê ©¬ÿÊª)

23. What is meant by ‘Resizing of Chart’ ? 1

“øÊ≈¸U ∑§Ê •Ê∑§Ê⁄U ’Œ‹Ÿ” ∑§Ê ÄÿÊ •Õ¸ „Ò?

24. Briefly describe the types of data tables used in Excel. 3

∞Ä‚‹ ◊¥ ©¬ÿÊª ∑§Ë ¡ÊŸflÊ‹Ë «U≈UÊ ‚Ê⁄UáÊË ∑§ ¬˝∑§Ê⁄UÊ¥ ∑§Ê fláʸŸ ∑§ËÁ¡∞–

25. What is meant by ‘Payroll Accounting Statement’ ? Explain its any three important 5
components.

“¬⁄UÊ‹ ‹πÊ¥∑§Ÿ Áflfl⁄UáÊ” ∑§Ê ÄÿÊ •Õ¸ „Ò? ß‚∑§ Á∑§ã„Ë¥ ÃËŸ ◊„àfl¬Íáʸ ÉÊ≈U∑§Ê¥ ∑§Ê ‚◊¤ÊÊß∞–

26. Explain the steps to create tables in excess. 5

∞Ä‚‚ ◊¥ ‚Ê⁄UáÊË ‚ΡŸ ∑§ ø⁄UáÊÊ¥ ∑§Ê ‚◊¤ÊÊß∞–

27. Describe the advantages in using graphs and charts. 6

ª˝Ê»§ ÃÕÊ øÊ≈¸U ∑§ ©¬ÿÊª ∑§ ‹Ê÷Ê¥ ∑§Ê fláʸŸ ∑§ËÁ¡∞–

-o0o-

62/OSS/2-320-C ] 20 [ Contd...