CBSE Class 12 Sample Paper 2026 for Accountancy

CBSE BOARD

SAMPLE
PAPER
2026

DOWNLOAD

ACCOUNTANCY (055)

SAMPLE QUESTION PAPER

Class XII (2025-26)

TIME 3 HOURS MAX. MARKS 80

GENERAL INSTRUCTIONS:

1. This question paper contains 34 questions. All questions are compulsory.
2. This question paper is divided into two parts, Part A and B.
3. Part - A is compulsory for all candidates.
4. Part - B has two options i.e. (i) Analysis of Financial Statements and (ii) Computerised Accounting.
Students must attempt only one of the given options.
5. Question 1 to 16 and 27 to 30 carries 1 mark each.
6. Questions 17 to 20, 31and 32 carries 3 marks each.
7. Questions from 21 ,22 and 33 carries 4 marks each
8. Questions from 23 to 26 and 34 carries 6 marks each
9. There is no overall choice. However, an internal choice has been provided in 7 questions of one
mark, 2 questions of three marks, 1 question of four marks and 2 questions of six marks.

Part - A
S.N Marks
o.
Part A :- Accounting for Partnership Firms and Companies
1. A partner’s capital account was credited with ₹80,000 during the year. Which of the following 1
can be the possibility for such a credit in his capital account?
A. Opening Balance B. Drawings during the year
C. Loss during the year D. Capital introduced

OR

Assertion (A) :- Fluctuating Capital Account can show debit balance.
Reason (R) :- Losses and Drawings can be more than Capital Balance.
A. Both A and R are correct and R is the correct explanation of A
B. Both A and R are correct but R is not the correct explanation of A
C. A is correct but R is incorrect
D. Both A and R are incorrect.
st
2. On 1 July, 2024, A, B and C entered into partnership sharing Profits & Losses in the ratio 5:3:2. 1
C was guaranteed that his share of profits will not be less than ₹ 60,000 p.a. Deficiency if any
will be borne by A and B equally. For the year ended March 31, 2025, firm incurred loss of ₹
1,25,000. Deficiency will be borne by A and B will be:
A. A ₹ 30,000 and B ₹ 30,000 B. A ₹ 43,750 and B ₹ 26,250
C. A ₹ 42,500 and B ₹ 42,500 D. A ₹ 35,000 and B ₹ 35,000
3. Pali Limited offered 2,00,000 shares of ₹ 10 each at a premium of ₹ 2 per share. Applications 1
were received for 1,95,000 shares, which were duly allotted. The amount was payable as ₹3 on
Application (including ₹1 premium), ₹ 6 on Allotment (including ₹1 premium) and balance on
call. Manoj, holding 6,000 shares failed to pay allotment money and his shares were
Page 1 of 10

immediately forfeited. Out of the forfeited shares, 4,000 shares were re-issued @ ₹ 11 per
share as fully paid up. The amount of Capital Reserve will be:
A. ₹ 16,000 B. ₹ 12,000 C. ₹ 8,000 D. ₹ 18,000
OR
Prafful Limited forfeited 15,000 shares of ₹ 20 each on which ₹ 8 (including ₹ 2 premium) was
paid. Out of these 13,000 shares were re-issued @ ₹ 19 per share as fully paid up. Determine
the amount of Share Forfeited balance.
A. ₹ 90,000 B. ₹ 91,000 C. ₹ 12,000 D. ₹ 16,000
4. Pista Ltd. took over running business of Vista Ltd. comprising of Assets of ₹ 45,00,000 and 1
Liabilities of ₹ 7,50,000 and in consideration issued them 30,000, 9% debentures of ₹ 100 each
at 5% discount and a cheque of ₹ 10,00,000. Determine the amount of Goodwill or Capital
Reserve.
A. Goodwill ₹ 9,00,000 B. Capital Reserve ₹ 9,00,000
C. Goodwill ₹ 1,00,000 D. Capital Reserve ₹ 1,00,000
OR
Dawn Ltd. purchased Equipment and paid ₹ 2,20,000 by cheque and issued 16,000 equity
shares of ₹ 10 each at 25% premium. The purchase consideration will be:
A. ₹ 3,40,000 B. ₹ 4,20,000 C. ₹ 3,80,000 D. ₹ 2,00,000
5. Bala and Lala were partners in a firm with Capitals of ₹ 24,00,000 and 16,00,000. They admitted 1
Mala as a new partner for 1/3 share for which Mala brings ₹ 20,00,000 as capital. There was
Investment and Investment Fluctuation Reserve appearing in the books of ₹ 2,50,000 and ₹
50,000 respectively. Bala took over 40% of the Investments at ₹ 80,000 and remaining
Investments were valued at ₹ 1,10,000. By what amount Revaluation account will be affected
for the above information?
A. Debited ₹ 60,000 B. Credited with ₹ 60,000
C. Debited ₹ 10,000 D. Credited ₹ 10,000
6. Jai and Veeru were in a partnership sharing Profit &Loss in the ratio 5:3. Their Capitals were ₹ 1
10,00,000 and ₹ 8,00,000 respectively. The firm was also having reserves of ₹ 7,00,000. Normal
rate of return was 10%. Firm made average profits of ₹ 2,30,000 for the year ended March 31,
2025 (after adjustment of loss of machinery of book value of ₹2,00,000 by fire against which
insurance claim of ₹1,50,000 was admitted). Value of goodwill as per Capitalisation of super
profits will be:
A. ₹ 10,00,000 B. ₹ 3,00,000 C. ₹ 18,00,000 D. Nil.
st
7. On 1 August, 2024 Tom, Jerry and Tyke entered into partnership with capitals of ₹5,00,000 1
each. Interest on Drawings was to be charged @ 6% p.a. For the year ended March 31, 2025,
Tyke withdrew ₹ 80,000. What amount of Interest on drawings will be charged from Tyke?
A. ₹ 4,800 B. ₹ 1,600 C. ₹ 3,200 D. ₹ 2,400
8. A, B and C were partners sharing Profits &Losses in the ratio 7:2:1. B died. A took over 1/20 1
from his share and remaining share was taken over by C. Determine the new Profit sharing
Ratio.
A. 4 : 1 B. 7 : 1 C. 71 : 29 D. 3 : 1
OR
X, Y and Z were partners sharing Profit & Losses in the ratio 5:3:2. Y retired, and he gifted half
of his share to X and remaining half was taken over equally by X and Z. Determine the new
Profit-sharing Ratio.
A. 29 : 11 B. 13 : 7 C. 1 : 1 D. 5 : 2
Page 2 of 10

9. X, a partner was assigned to look after the dissolution process and was allowed remuneration 1
of ₹ 15,000. Actual realisation expenses amounted to ₹ 20,000, being paid by another partner
Y. By what amount Realisation account will be debited for the above-mentioned information?
A. ₹ 20,000 B. ₹ 35,000 C. ₹ 5,000 D. ₹ 15,000
10. Arun and Barun were partners sharing Profits &Losses in the ratio 3:2. They admitted Charan 1
into partnership for 20% share. Charan was to bring proportionate Capital and he brought ₹
3,50,000 (including ₹ 50,000 for goodwill share) in firm. If adjusted capital of Arun after
Revaluation Gain/Loss, Accumulated Profits/Losses and Goodwill treatment was ₹ 8,40,000.
What was Barun’s Capital after Revaluation Gain/Loss, Accumulated Profits/Losses and
Goodwill treatment?
A. ₹ 5,60,000 B. ₹ 3,60,000 C. ₹ 12,00,000 D. ₹ 6,60,000
OR
Raghav and Sahil were partners sharing Profit &Loss in the ratio 5:3. Their capital balances were
₹ 7,20,000 and ₹ 2,80,000 respectively. There were balances of General Reserve of ₹ 5,00,000
and Deferred Revenue Expenditure of ₹ 4,00,000 in the books of the firm. They admitted Ojasv
into partnership for 20% share for which he brings ₹ 4,00,000 as capital. Determine the
goodwill share of Ojasv.
A. ₹ 5,00,000 B. ₹ 1,00,000 C. ₹ 1,20,000 D. ₹ 60,000
11. Building was appearing in the books at ₹ 20,00,000 which was overvalued by 25%. What 1
amount will be shown in the Balance Sheet of a reconstituted firm for building?
A. ₹ 25,00,000 B. ₹ 16,00,000 C. ₹ 24,00,000 D. ₹ 15,00,000
From the given hypothetical situation, answer Q 12 – 14.

Floater Ltd. issued 60,000; 8% debentures of ₹ 100 each at 5% Discount and to be redeemed at
10% premium at the end of 5 years. On the date of issue, balance in Securities Premium was ₹
8,00,000 and Statement of Profit Loss (Dr.) was ₹ 5,00,000.

12. Loss on Issue of Debentures is to be written off as ______ out of Securities Premium and 1
______) out of Statement of Profit and Loss.
A. ₹ 4,50,000 ; ₹ 4,50,000 B. ₹ 6,00,000 ; ₹ 3,00,000
C. ₹ 8,00,000 ; ₹ 1,00,000 D. ₹ 4,00,000 ; ₹ 5,00,000
13. After writing off Loss on Issue of Debentures, _______ balance in Statement of Profit and Loss 1
will be ________
A. Debit ; ₹ 6,00,000 B. Credit ; ₹ 6,00,000
C. Debit ; ₹ 4,00,000 D. Credit ; ₹ 4,00,000
14. Premium on Redemption of Debentures account will have a balance of________ to be treated 1
as ______ in the first year.
A. ₹ 9,00,000 ; Non-Current Liabilities B. ₹ 9,00,000 ; Current Liabilities
C. ₹ 6,00,000 ; D. ₹ 6,00,00 ; Current Liabilities
Non-Current Liabilities
15. Arun, Basu and Tarun were partners sharing Profit &Loss in the ratio 5:3:2. Their firm was 1
dissolved on March 31, 2025. On this date following assets and liabilities were appearing in
their books of accounts.
Building ₹ 2,00,000 ; Furniture ₹ 80,000 ; Stock ₹ 70,000 ; Goodwill ₹ 10,000 ; Debtors ₹ 40,000
; Cash ₹ 20,000 ; Creditors ₹ 50,000 ; Arun’s Loan ₹ 60,000 ; Tarun’s Brother Loan ₹ 30,000.
Assets realised at for ₹ 3,40,000. Determine the amount of Realisation Gain/Loss.
Page 3 of 10

A. Realisation Loss ₹ 80,000 B. Realisation Gain ₹ 60,000
C. Realisation Loss ₹ 60,000 D. No Gain or Loss on Realisation
16. John and Sourabh were partners sharing Profit &Loss equally. They decided to share future 1
Profit &Loss in the ratio 3:2. Their manager Arya met with an accident in the office itself and his
claim for compensation amounted to ₹. 50,000. The firm had a Workmen Compensation
Reserve of ₹. 80,000. Which of the following statement holds true at the time of
reconstitution?
A. ₹ 50,000 will be provided as workmen claim out of Workmen Compensation Reserve
and balance ₹ 30,000 will be distributed amongst partners in old ratio.
B. ₹ 50,000 will be provided as workmen claim out of Workmen Compensation Reserve
and balance ₹ 30,000 will be distributed amongst partners in new ratio.
C. ₹ 50,000 will be provided as workmen claim out of Workmen Compensation Reserve
and balance ₹ 30,000 will
be credited to Revaluation Account.
D. ₹ 50,000 will be provided as workmen claim out of Workmen Compensation Reserve
and balance ₹ 30,000 will be carried forward in the books of the firm without any
treatment.
17. Raju, Rinku and Munni were partners sharing Profits & Losses in the ratio 3:1:1. They admitted 3
Chunni into partnership for 1/5 share. It was decided that Munni will have 1/4 share in future
profits. Goodwill of the firm was valued at ₹ 3,20,000 and Chunni was unable to bring anything.
Calculate New Ratio, Sacrificing Ratio and journalise for goodwill at the time of admission of
Chunni.
OR
Yashasvi, Nitish and Harshit were partners sharing Profit &Loss in the ratio 5:3:2. W.e.f 01 April,
2025, they decided to share future Profit &Loss in the ratio 4:3:2. On the date of reconstitution
Goodwill was appearing in the books of ₹ 4,00,000. Goodwill of the firm was valued at ₹
7,20,000 on the date of reconstitution. Determine gain or sacrifice for each partner and pass
necessary entries.
18. Hemant and Pankaj were partners sharing Profit & Loss in the ratio of 3:2. The firm was 3
dissolved on March 31, 2024 and the following balances were appearing in the books of the
firm.
a. Hemant’s Loan ₹ 80,000
b. Ruby’s Loan ₹ 50,000
c. Creditors ₹ 1,00,000
d. Capital Balances after all adjustments – Hemant ₹ 1,60,000 and Pankaj - ₹ 1,40,000
Assets of the firm realised at ₹ 6,00,000. You are required to show the amounts and order of
payments as per section 48 of Indian Partnership Act 1932 at the time of Dissolution of the
firm.
19. On January 01, 2025 Ritu Ltd. Issued ₹ 40,00,000, 8% Debentures of ₹ 100 each at 5% discount 3
to be redeemed at 10% premium at the end of 5 years. Balance in Securities Premium on the
date of such issue was of ₹ 2,70,000. Pass entries for Issue of debentures.
20. Ankur and Vikram were partners sharing Profits &Losses in the ratio 3:2. They decided to share 3
future Profits & Losses equally. On the date of reconstitution there was Investment Fluctuation (1+1.5+0.
Reserve of ₹ 4,00,000 in the books of accounts. Pass entries in the following cases 5)
A. Value of Investment reduced by ₹ 2,50,000.
B. Value of Investment increased by ₹ 5,00,000.

Page 4 of 10

C. There was no change in value of investments.
21. Sapphire Ltd. Was registered with an authorised capital of ₹ 80,00,000 divided into 4,00,000 4
shares of ₹ 20 each. Company offered and issued 1,50,000 shares at a premium of ₹ 4 per share
payable as ₹ 7 on application (including ₹ 1 premium), ₹ 12 on allotment (including ₹ 2
premium) and balance on first call. Rancho, holding 10,000 shares failed to pay allotment and
call money. Another shareholder Sultan holding 5,000 shares failed to pay the call money. All
the shares held by Rancho were forfeited and of these 8,000 were reissued at ₹ 22 per share as
fully paid.
Show Share Capital sub head as it would in the Balance Sheet of Sapphire ltd. along with notes
to Account as per the Companies Act 2013.
22. Amit, Sumit and Pulkit were partners sharing Profit &Loss in the ratio 5:3:2. Their Capitals were 4
₹ 8,00,000; ₹ 7,00,000 and ₹ 5,00,000 respectively. According to Partnership Deed:-
(a) Interest on Capital @ 10% p.a.
(b) Salary to Amit ₹ 10,000 p.m and Pulkit ₹ 15,000 per quarter.
(c) Commission to Sumit ₹ 70,000.
(d) Sumit was being guaranteed that his share of profits will not be less than ₹ 65,000.
Deficiency if any will be borne by Amit and Pulkit equally.
Ignoring the above terms the profits of ₹ 6,00,000, for the year ended March 31, 2025 were
divided equally between partners. You are required to pass necessary adjustment entry. Show
your workings clearly.
23. Extract of Financial statements of Alexa Ltd are produced below. 6

Balance Sheet ( Extract)
Equity and Liabilities Note no. 31-03-25 31-03-24
Shareholders funds
(₹) (₹)
Equity Share capital 1 2,37,60,000 2,00,00,000
Reserves and Surplus 2 20,00,000 10,00,000

Note No. 1 Share Capital
Authorised Share Capital 31-03-25 (₹) 31-03-24 (₹)
Equity shares of Rs.10 each ------- -------
Issued Capital 2,37,60,000 2,00,00,000
Subscribed capital (Fully Paid) 2,37,60,000 2,00,00,000

Note No. 2 Reserves and Surplus 31-03-25 (₹) 31-03-24 (₹)
Securities Premium 20,00,000 10,00,000

During the year Alexa ltd. purchased business of Gloria ltd. with assets of Rs.50,00,000 and
liabilities of Rs.20,00,000. With regards to the following additional Information:
1) During the year 40,000 Equity Shares were issued at a premium of Rs.4 per share for cash.
2) Besides this no shares were issued as sweat equity, bonus or as ESOP or in any other form.

Give journal entries for issue of shares for cash and consideration other than cash. Also,
prepare Share Capital A/c and Securities Premium Account in the books of Alexa ltd.
24. Alok, Deepak and Manish were partners sharing Profit &Loss in the ratio 5:3:2. Deepak retired 6
Page 5 of 10

on March 31, 2025. On this date his dues after all adjustments related to Revaluation
Gain/Loss, Accumulated Profits/Losses and Goodwill treatment came out to be ₹ 6,40,000. He
was paid ₹ 40,000 through Furniture on retirement and it was agreed to pay balance in three
equal annual instalments together with interest as per the rate permissible by act, in the
absence of any agreement. First instalment being paid on March 31, 2026. You are required to
pass entry for immediate payment to Deepak on retirement and prepare Deepak’s Loan
Account till it is finally closed.
25. Dhwani and Iknoor were partners sharing Profits & Losses in the ratio 3:2. Their Balance Sheet 6
on March 31, 2025 was as follows
Liabilities Amount Assets Amount
(₹) (₹)
Dhwani’s Capital 2,40,000 Cash in Hand 50,000
Iknoor’s Capital 2,60,000 Building 3,00,000
Investment Fluctuation 50,000 Debtors 80,000
Reserve (-) Prov for Doubtful Debts 72,000
Employee Provident Fund 50,000 (8,000)
General Reserve 60,000 Stock 88,000
Creditors 40,000 Accrued Income 20,000
Bills Payable 30,000 Profit and Loss 1,00,000
Bank Overdraft 20,000 Investment 1,20,000
7,50,000 7,50,000
On the above date, they admitted Ishaya into partnership for 25% share. Ishaya brings ₹
2,50,000 as capital and ₹ 40,000 for goodwill. Goodwill of the firm was valued at ₹ 2,00,000.
Following agreements were agreed upon:-
a) Bad Debts amounted to ₹ 5,000 and Provision for doubtful debts to be created at same
existing rate.
b) Investments were valued at ₹ 1,00,000.
c) Accrued Income was recovered only of ₹ 14,500 in settlement.
d) Building was overvalued by 20%.
e) Capital of Dhwani and Iknoor were to be adjusted on the basis Ishaya’s capital
contribution. Necessary adjustment to be done by opening Current Accounts.
You are required to prepare Revaluation Account and Partner’s Capital Account at the time of
admission of partner.
OR
Aman, Barman and Raman were partners sharing Profits & Losses in the ratio 5:3:2. Their
Balance Sheet on March 31, 2025 was as follows
Liabilities Amount (₹) Assets Amount (₹)
Aman’s Capital 80,000 Bank 30,000
Barman’s Capital 70,000 Building 1,00,000
Raman’s Capital 50,000 Furniture 60,000
Workmen Compensation Reserve 50,000 Debtors 50,000
Accumulated Depreciation on Building 20,000 Stock 40.000
Profit and Loss 40,000 Prepaid Expenses 20.000
Creditors 25,000 Deferred Revenue Exp. 20.000
Outstanding Expenses 15,000 Goodwill 30.000
3,50,000 3,50,000

Page 6 of 10

On the above date Barman retired and his share was acquired by Aman and Raman equally.
Following agreements were agreed upon:-
a) Create Provision for doubtful debts @ 10%.
b) Market value of Building is ₹1,00,000 and Furniture was overvalued by 20%.
c) Stock was valued at ₹ 55,000. Creditors of ₹ 15,000 took over stock of ₹ 10,000 in
settlement of their claims.
d) Goodwill of the firm was valued at ₹ 80,000.
e) Prepaid Expenses are worthless and Outstanding Expenses are now ₹20,000.
f) ₹ 20,000 was immediately paid to Barman on retirement brought in Aman and Raman
in ratio 3:2.
Prepare Revaluation Account and Partner’s Capital Account at the time of retirement of
partner.
26. Space Ventures Limited was registered with an authorised capital of ₹ 20,00,000 divided into 6
2,00,000 shares of ₹ 10 each. The company offered 80,000 shares for public subscription
payable ₹ 4 on application and ₹ 7 on allotment (including ₹ 1 premium). Public had applied for
1,10,000 shares and pro-rata allotment was made in the ratio of 5:4. Remaining applications
were rejected. Mukta, holding 6,000 shares failed to pay allotment money. Her shares were
being forfeited and later re-issued 4,000 shares at a discount of ₹ 2 per share.
Pass necessary entries in the books of Space Ventures Ltd.
OR
Chitinoor Ltd. invited applications for 2,00,000 shares of ₹ 10 each payable ₹ 3 on application, ₹
5 on allotment (including ₹ 1 premium) and balance on call. Applications were received for
3,00,000 shares out of which 20% applications were rejected and remaining were allotted on
pro-rata basis. Rohan, an applicant of 12,000 shares failed to pay allotment money and Mohan
holding 8,000 shares paid the entire money along with allotment. Subsequently the call was
made, all the money was duly received except from Rohan. Later on, company issued a notice
to Rohan to pay the balance in 15 days failing which his shares would be forfeited.
Rohan cleared his dues within the stipulated time period.
Journalise.
Part B :- Analysis of Financial Statements
(Option – I)

27. A company had following balances in their books of Accounts 1
31 March, 2025 31 March, 2024
Raw Material 40,000 30,000
Work in Progress 1,00,000 1,40,000
Finished Goods 70,000 1,00,000
Stock in Trade 2,00,000 1,20,000
Determine the amount of Change in Inventories to be shown in Statement of Profit and Loss
Account.
A. ₹ 20,000 B. ₹ (20,000) C. ₹ (10,000) D. ₹ 10,000
28. Inventory Turnover Ratio of company was 5 times. The firm had Revenue from operations of ₹ 1
5,00,000 and Gross Profit was 25% of Cost of Revenue from Operations. Determine the amount
of Opening Inventory if Closing Inventory was ₹ 60,000.
A. ₹ 80,000 B. ₹ 60,000 C. ₹ 1,00,000 D. ₹ 50,000
OR
Assertion (A) :- Gross Profit Ratio is always higher than Net Profit Ratio.
Page 7 of 10

Reason (R) :- To calculate Net Profit, Indirect Expenses are subtracted from Gross Profit and
Indirect Incomes are added to Gross Profit.
A. Both A and R are correct, and R is the correct explanation of A
B. Both A and R are correct, but R is not the correct explanation of A
C. A is correct but R is incorrect
D. A is incorrect but R is correct
29. Proposed Dividend for the year ended March 31, 2025 and March 31, 2024 were ₹ 2,50,000 1
and ₹ 2,00,000 respectively. Shareholders finalised the dividend amount at ₹ 1,80,000 during
the year ended March 31, 2025 in AGM held in June-July 2024. Unclaimed dividend as at March
31, 2025 was ₹ 10,000.
Choose the correct option while preparing Cash Flow Statement for the year ended March 31,
2025:
A. Proposed Dividend added in Net Profit after tax will be ₹ 2,00,000 and outflow of
Dividend paid in financing activities will be ₹ 1,90,000.
B. Proposed Dividend added in Net Profit after tax will be ₹ 2,50,000 and outflow of
Dividend paid in financing activities will be ₹ 2,00,000.
C. Proposed Dividend added in Net Profit after tax will be ₹ 1,80,000 and outflow of
Dividend paid in financing activities will be ₹ 1,90,000.
D. Proposed Dividend added in Net Profit after tax will be ₹ 1,80,000 and outflow of
Dividend paid in financing activities will be ₹ 1,70,000.
OR
Provision for Tax for the year ended March 31, 2025 and 31 March 2024 were ₹ 3,00,000 and ₹
2,80,000 respectively. During the year Tax paid was ₹ 2,50,000. Determine the amount of Tax
proposed during the year by the firm.
A. ₹ 3,00,000 B. ₹ 2,30,000 C. ₹ 2,80,000 D. ₹ 2,70,000
30. Which of the following is cash flow from Operating activities for a finance company: 1
A. Conversion of debentures into shares B. Dividend received
C. Building purchased D. Dividend paid
31. Complete the following Comparative Balance Sheet as at March 31, 2024 and Match 31, 2025 3
PARTICULARS 31st March 31st March, Absolute Change Percentage Change
2024 2025
Shareholders' Funds 6,00,000 ?? 3,00,000 ??
Non-current Liabilities 3,00,000 ?? NIL ??
Current Liabilities ?? 3,00,000 2,00,000 ??
TOTAL ?? ?? ?? ??
Non-current Assets 7,00,000 ?? ?? 50
Current Assets ?? ?? ?? ??
TOTAL ?? ?? ?? ??
OR
Prepare Common Size Statement of Profit and Loss for the year ended March 31, 2025
PARTICULARS 31st March, 2025
Revenue from Operations 40,00,000
Other Expenses 4,00,000
Other Income 6,00,000
Employee Benefit Expenses 8,00,000
Purchases of Stock in Trade 10,00,000
Change in Inventory (2,00,000)

Page 8 of 10

Tax Rate 50 %
32. (i) Give two examples of Inventory except Raw Materials, Work in Progress, Finished Goods 3
and Stock in Trade.
(ii) Where will you disclose the amount of loss on issue of debentures written off out of
Statement of Profit and Loss?
(iii) Where will you disclose Purchase of Raw Materials in Financial Statement of Company?
33. Quick Ratio of Roxy Traders is 0.8 : 1. State with reasons whether the following transactions will 4
increase , decrease or will have no change on the ratio
a) Goods purchased on Credit
b) Outstanding Expenses paid
c) Sale of Fixed Assets a 20% loss
d) Issue of Debentures at Premium to Vendors
OR
From the following information, calculate Trade Receivables Turnover Ratio:
Cost of Revenue from Operations (Cost of Goods Sold) : Rs. 6,00,000 Gross Profit on Cost : 25%
Cash Sales: 20% of Total Sales Opening Debtors: Rs. 1,00,000 Closing Debtors : Rs. 2,00,000.
Provision for Doubtful Debts: Opening Rs. 10,000 and Closing Rs.20,000.
34. Extracts of the Balance Sheets of M/s Agrawal Ltd. as on 31st March,2024 and 31st March 6
2025alonwith additional information are given below. You are required to calculate:
(i) Operating profit before changes in working capital.
(ii) Cash Flows from Financing Activities.

31.03.2025 31.03.2024
Equity Share Capital 12,00,000 9,00,000

10% Preference Share Capital 4,00,000 5,00,000
Cash Credit 2,50,000 1,00,000
Profit and Loss (Cr.) 8,00,000 6,00,000
12% Debentures 4,00,000 3,00,000
Bank overdraft 1,00,000 75,000
Outstanding Interest on Debentures 3,000 --------

Additional Information:

a) New equity shares and debentures were issued on last day the current accounting year
ended 31st March, 2025. Debentures were issued at a discount of 5% which was
written off at the end of the year.
b) Dividend on preference shares and interim dividend @ 15% were paid on equity shares
on 31st March, 2025
c) Preference Shares were redeemed on 1st April, 2025 at a premium of 5%. The premium
was provided out of profits.

Part B :- Computerised Accounting
(Option – II)

27. A ‘legend’ can be repositioned on the chart: 1
(A) On the right side only
(B) On the left side only
(C) On the bottom of x-axis
(D) Anywhere
Page 9 of 10

OR

The need for codification is for:
(A) the generation of mnemonic codes
(B) securing the accounting reports
(C) easy processing of data and keeping records
(D) the encryption of data
28. To see all available shape styles of a chart, which of the following buttons is clicked? 1
(A) More
(B) Chart tool
(C) Picture
(D) Custom
29. Which of the following is not an advantage of computerised accounting system? 1
(A) Timely generation of reports in desired format
(B) Ensures effective control over the system
(C) Faster obsolescence of technology
(D) Confidentiality of data is maintained
30. A sequential code refers to code applied to some documents where: 1
(A) Account heads are assigned to documents
(B) Numbers and letters are assigned in consecutive order
(C) Special names are given to accounts
(D) Documents are arranged in special sequence

OR

Name the Accounting information sub-system which is linked with other sub-systems for
obtaining information about cost and expenses:
(A) Cash and Bank sub-system
(B) Costing sub-system
(C) Expense accounting sub-system
(D) Final accounts sub-system
31. What is encryption and how is it helpful in CAS? 3
32. State any three limitations of Computerised Accounting System. 3
33. State steps to be taken in preparation of a chart. 4
OR
What are the uses of ‘Error Alert tab’?
34. What is meant by ‘Merging a range of cells’? How is it done? State the steps to split a merged 6
cell.

Page 10 of 10

Study Materials
Notes

Model Papers Class 6 Notes

Sample Papers Class 7 Notes
Half Yearly Sample Papers Class 8 Notes

Class 9 Notes
Important Resources
Class 10 Notes
Periodic Table
Class 11 Notes
Writing Skills / Formats

Maps of India / World Class 12 Notes

Books and Solutions

NCERT Books
NCERT Book Solutions
HC Verma Chapter Wise Solutions
RD Sharma Solutions
CGBSE Solutions

Study Materials
Notes

Model Papers Class 6 Notes

Sample Papers Class 7 Notes
Half Yearly Sample Papers Class 8 Notes

Class 9 Notes
Important Resources
Class 10 Notes
Periodic Table
Class 11 Notes
Writing Skills / Formats

Maps of India / World Class 12 Notes

Books and Solutions

NCERT Books
NCERT Book Solutions
HC Verma Chapter Wise Solutions
RD Sharma Solutions
CGBSE Solutions