TN 12th Question Paper 2024 Accountancy

TN PUBLIC EXAM

QUESTION
PAPER
2024

No. of Printed Pages : 24
7457
£vÄ Gs
A Register Number

!7457Accountancy!
PART - III
PnUS¨£v¯À / ACCOUNTANCY
( uªÌ ©ØÖ® B[Q» ÁÈ / Tamil & English Version )

Põ» AÍÄ : 3.00 ©o ÷|µ® ] [ ö©õzu ©v¨ö£sPÒ : 90
Time Allowed : 3.00 Hours ] [ Maximum Marks : 90

AÔÄøµPÒ : (1) AøÚzx ÂÚõUPЮ \›¯õP £vÁõQ EÒÍuõ GߣuøÚ \›£õºzxU
öPõÒÍÄ®. Aa_¨£vÂÀ SøÓ°¸¨¤ß AøÓU PsPõo¨£õÍ›h®
EhÚi¯õPz öu›ÂUPÄ®.
(2) }»® AÀ»x P¸¨¦ ø©°øÚ ©mk÷© GÊxÁuØS®
AiU÷PõikÁuØS® £¯ß£kzu ÷Ásk®. £h[PÒ ÁøµÁuØS
ö£ß]À £¯ß£kzuÄ®.
Instructions : (1) Check the question paper for fairness of printing. If there is any lack of fairness,
inform the Hall Supervisor immediately.
(2) Use Blue or Black ink to write and underline and pencil to draw diagrams.

£Sv & I / PART - I
SÔ¨¦ : (i) AøÚzx ÂÚõUPÐUS® Âøh¯ÎUPÄ®. 20x1=20

(ii) öPõkUP¨£mkÒÍ |õßS ©õØÖ ÂøhPÎÀ ªPÄ® Hئøh¯
Âøhø¯z ÷uº¢öukzxU SÔ±mkhß Âøh°øÚ²® ÷\ºzx
GÊuÄ®.
Note : (i) Answer all the questions.

(ii) Choose the most appropriate answer from the given four alternatives and write
the option code and the corresponding answer.

[ v¸¨¦P / Turn over

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1. •P©v¨ø£ Âh AvP©õP ö£ØÓ öuõøP ÁµÄ øÁUP¨£k® PnUS :
(A) £[S •uÀ PnUS (B) £zvµ •øÚ©U PnUS
(C) £[S JÖ¨¤Ç¨¦U PnUS (D) AøǨ¦ •ß£nU PnUS
The amount received over and above the par value is credited to :
(a) Share capital account (b) Securities premium account
(c) Forfeited shares account (d) Calls in advance account

2. PnU÷PkPÎÀ £vÄ ö\´¯¨£hõu |Øö£¯º :
(A) ußݸÁõUP¨£mh |Øö£¯º (B) ö£Ó¨£mh |Øö£¯º
(C) Áõ[P¨£mh |Øö£¯º (D) ÷©ØPsh GxĪÀø»
Goodwill which cannot be recorded in the books of accounts :
(a) Self generated goodwill (b) Acquired goodwill
(c) Purchased goodwill (d) None of these

3. |h¨¦¨ ö£õÖ¨¦ ` 40,000; |h¨¦a ö\õzx ` 1,00,000; \µUQ¸¨¦ ` 20,000 GÛÀ,
ÂøµÄ ÂQu® :
(A) 2 : 1 (B) 1 : 1 (C) 1 : 2 (D) 2.5 : 1
Current liabilities ` 40,000; Current assets ` 1,00,000; Inventory ` 20,000. Quick ratio is :
(a) 2:1 (b) 1:1 (c) 1:2 (d) 2.5 : 1

4. ©Ö©v¨¥mkU PnUS J¸ :
(A) BÒ\õº P/S (B) ö\õzx P/S
(C) BÒ\õµõ P/S (D) ö£¯µÍÄ P/S
Revaluation A/c is a :
(a) Personal A/c (b) Real A/c
(c) Impersonal A/c (d) Nominal A/c

5. Tmhõsø© {ÖÁÚzvÀ, {ø»•uÀ •øÓ ¤ß£ØÓ¨£k® ÷£õx, ¤ßÁ¸ÁÚ&
ÁØÖÒ Gx •uÀ PnUQÀ Põmh¨£k® ?
(A) Gk¨¦PÒ «x Ámi (B) TkuÀ •uÀ öPõsk Á¢ux
(C) C»õ£¨ £QºÄ (D) •uÀ «x Ámi
When fixed capital method is adopted by a partnership firm, which of the following items
will appear in capital account ?
(a) Interest on drawings (b) Additional capital introduced
(c) Share of profit (d) Interest on capital

A

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6. ÷á®ì ©ØÖ® P©À C»õ£ |mh[PøÍ 5 : 3 GßÓ ÂQuzvÀ £Qº¢x
öPõÒQßÓÚº. AÁºPÒ _ÛÀ GߣÁøµ 1 C»õ£ £[QØS TmhõίõP
5
÷\ºzxU öPõshÚº. v¯õP ÂQuzøuU PnUQhÄ®.
(A) 5 : 3 (B) 1 : 3 (C) 3 : 5 (D) 3 : 1
James and Kamal are sharing profits and losses in the ratio of 5 : 3. They admit Sunil as a
1
partner giving him share of profits. Find out the Sacrificing ratio.
5
(a) 5:3 (b) 1 : 3 (c) 3 : 5 (d) 3:1

7. \›¯ØÓ Cøn°øÚ Aøh¯õÍ® PõnÄ®.
(A) Bskz öuõøP •øÓ°À |Øö£¯º=
\µõ\› C»õ£®×Bskz öuõøP Põµo°ß uØ÷£õøu¯ ©v¨¦
(B) \µõ\› C»õ£ •øÓ°À |Øö£¯º=
\µõ\› C»õ£®×öPõÒ•uÀ BskPÎß GsoUøP
(C) Tmk \µõ\› C»õ£ •øÓ°À |Øö£¯º=
Tmk \µõ\› C»õ£®×öPõÒ•uÀ BskPÎß GsoUøP
(D) E¯º C»õ£ •øÓ°À |Øö£¯º=
E¯º C»õ£®×öPõÒ•uÀ BskPÎß GsoUøP
Identify the incorrect pair.
(a) Goodwill under Annuity method=
Average profit×Present value annuity factor
(b) Goodwill under Average profit method=
Average profit×Number of years of purchase
(c) Goodwill under weighted average profit method=
Weighted average profit×Number of years of purchase
(d) Goodwill under Super profit method=
Super profit×Number of years of purchase

8. ö£õ¸¢uõu Cønø¯z ÷uº¢öukUPÄ®.
(A) £øǯ Âøͯõmk¨ ö£õ¸ÒPÒ ÂØÓx - •u¼Ú ÁµÄ
(B) ö£õx |ßöPõøh - Á¸Áõ°Ú ÁµÄ
(C) ¤À¼¯ºmì \¢uõ - Á¸Áõ°Ú ÁµÄ
(D) SÔ¨¤mh |ßöPõøh - •u¼Ú ÁµÄ
Choose the incorrect pair.
(a) Sale of old sports materials - Capital receipt
(b) General donation - Revenue receipt
(c) Subscription for billiards - Revenue receipt
(d) Specific donation - Capital receipt

A [ v¸¨¦P / Turn over

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9. J¸ ÁoPzvß •u»õ® Bska ö\»ÄPÒ ` 80,000. Cµshõ® BsiÀ
ö\»ÄPÒ ` 88,000 BP AvP›zv¸UQÓx. Cµshõ® Bsiß ÷£õUS ÂQu®
GßÚ ?
(A) 90% (B) 10% (C) 11% (D) 110%
Expenses for a business for the first year were ` 80,000. In the second year, it was increased
to ` 88,000. What is the trend percentage in the second year ?
(a) 90% (b) 10% (c) 11% (d) 110%

10. A, B ©ØÖ® C GßÓ TmhõÎPÒ 2 : 2 : 1 GßÓ ÂQuzvÀ C»õ£ |mhzøu¨ £Qº¢x
Á¢uÚº. B &ß Â»P¼ß ÷£õx {ÖÁÚzvß |Øö£¯º ` 30,000 GÚ ©v¨¤h¨&
£mhx. TmhõÎ B &US Dkö\´ÁuØS A ©ØÖ® C &°ß £[PΨø£U
PshԯĮ.
(A) ` 10,000 ©ØÖ® ` 20,000 (B) ` 20,000 ©ØÖ® ` 10,000
(C) ` 15,000 ©ØÖ® ` 15,000 (D) ` 8,000 ©ØÖ® ` 4,000
A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. On retirement of B, goodwill
of the firm was valued as ` 30,000. Find the contribution of A and C to compensate B.
(a) ` 10,000 and ` 20,000 (b) ` 20,000 and ` 10,000
(c) ` 15,000 and ` 15,000 (d) ` 8,000 and ` 4,000

11. E›ø©¯õÍ›ß ö\õzxPÒ ` 85,000 ©ØÖ® ö£õÖ¨¦PÒ ` 21,000 GÛÀ, AÁ¸øh¯
•uÀ öuõøP :
(A) ` 21,000 (B) ` 85,000 (C) ` 64,000 (D) ` 1,06,000
The amount of capital of the proprietor, if his Assets are ` 85,000 and Liabilities are
` 21,000 :
(a) ` 21,000 (b) ` 85,000 (c) ` 64,000 (d) ` 1,06,000

12. Tmhõsø© {ÖÁÚzv¼¸¢x TmhõΠ»P¼ß ÷£õx £Qº¢x uµõ C»õ£[PÒ
©ØÖ® |mh[PÒ TmhõÎPÐUS __________ Ai¨£øh°À £Qµ¨£kQÓx.
(A) Buõ¯ ÂQu® (B) ¦v¯ C»õ£¨£QºÄ ÂQu®
(C) v¯õP ÂQu® (D) £øǯ C»õ£¨£QºÄ ÂQu®
On retirement of a partner from a partnership firm, accumulated profits and losses are
distributed to the partners on the basis of :
(a) Gaining ratio (b) New profit sharing ratio
(c) Sacrificing ratio (d) Old profit sharing ratio

A

5 7457

13. Phß ÂØ£øÚz öuõøP PnUQh u¯õ›UP¨£kÁx :
(A) ö£ÖuØS›¯ ©õØÖa^mk PnUS
(B) ö©õzuU PhÚõÎPÒ PnUS
(C) ö\¾zuØS›¯ ©õØÖa^mk PnUS
(D) ö©õzuU PhÜ¢÷uõº PnUS
The amount of credit sales can be computed from :
(a) Bills receivable account
(b) Total debtors account
(c) Bills payable account
(d) Total creditors account

14. Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUS u¯õ›UP¨£kÁuß ‰»® PshÔ¯¨£kÁx :
(A) E£› AÀ»x £ØÓõUSøÓ (B) C»õ£® AÀ»x |mh®
(C) {v{ø» (D) öµõUP® ©ØÖ® Á[Q C¸¨¦
Income and Expenditure Account is prepared to find out :
(a) Surplus or deficit (b) Profit or loss
(c) Financial position (d) Cash and Bank balance

15. J¸ {Ö©zvß }ºø©zußø©ø¯ ÷\õvUP RÌUPsh G¢u ÂQu[PÒ
£¯ß£kQÓx ?
(i) ÂøµÄ ÂQu® (ii) {Pµ C»õ£ ÂQu®
(iii) ¦Ó AP ö£õÖ¨¦PÒ ÂQu® (iv) |h¨¦ ÂQu®
(A) (ii) ©ØÖ® (iii) (B) (i) ©ØÖ® (ii)
(C) (ii) ©ØÖ® (iv) (D) (i) ©ØÖ® (iv)
To test the liquidity of a concern, which of the following ratios are useful ?
(i) Quick ratio (ii) Net profit ratio
(iii) Debt-equity ratio (iv) Current ratio
(a) (ii) and (iii) (b) (i) and (ii)
(c) (ii) and (iv) (d) (i) and (iv)

16. |h¨£õsiÀ ö£Ó÷Ási¯ \¢uõ CßÝ® ö£Óõux :
(A) J¸ ö\»Ä (B) J¸ ö\õzx
(C) uºUP¨£h ÷Ási¯ JßÖ (D) J¸ ö£õÖ¨¦
Subscription due but not received for the current year is :
(a) An Expense (b) An Asset
(c) An item to be ignored (d) A Liability

A [ v¸¨¦P / Turn over

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17. ¤ßÁ¸ÁÚÁØÔÀ Gx {v{ø»¨ £S¨£õ´Âß J¸ P¸Â AÀ» ?
(A) J¨¥mk AÔUøP
(B) ÷£õUS¨ £S¨£õ´Ä
(C) {ºn°UP¨£mh AhUPÂø»°¯À
(D) ö£õx AÍÄ AÔUøP
Which of the following is not a tool of financial statement analysis ?
(a) Comparative statement
(b) Trend analysis
(c) Standard costing
(d) Common size statement

18. {Ö©U Pø»¨¤ß÷£õx ©mk÷© AøÇUP¨£hUTi¯ £[S •u¼ß J¸ £Sv
__________ GÚ AøÇUP¨£k®.
(A) •u¼ÚU Põ¨¦ (B) A[RP›UP¨£mh •uÀ
(C) Põ¨¦ •uÀ (D) AøÇUP¨£mh •uÀ
That part of share capital which can be called up only on the winding up of a company is
called as :
(a) Capital Reserve (b) Authorised capital
(c) Reserve capital (d) Called up capital

19. Tally &À C¸¢x öÁÎ÷¯ÖÁuØS¨ £¯ß£kzx® \õ (key) __________.
(A) Ctrl+Z (B) Ctrl+P (C) Ctrl+Q (D) Ctrl+X
The key used for closing Tally is :
(a) Ctrl+Z (b) Ctrl+P (c) Ctrl+Q (d) Ctrl+X

20. A¾Á»P¨ £¯ß£õmiØPõP ` 25,000 Á[Q°¼¸¢x GkUP¨£mhx. G¢u ÁøP
\õßÓõÁnzvÀ C¢u |hÁiUøP £v¯¨£k® ?
(A) ö\¾zuÀ \õßÓõÁn® (B) Gvº£vÄ \õßÓõÁn®
(C) ÂØ£øÚ \õßÓõÁn® (D) ö£ÖuÀ \õßÓõÁn®
` 25,000 withdrawn from bank for office use. In which voucher type, this transaction will be
recorded ?
(a) Payment voucher (b) Contra voucher
(c) Sales voucher (d) Receipt voucher

£S-v & II / PART - II
SÔ¨¦ : GøÁ÷¯- Ý ® HÊ ÂÚõU- P - Ð US Âøh- ¯ - Î U- P - Ä ®. ÂÚõ Gs 30 &US
Pm-hõ-¯-©õP Âøh-¯-ÎU-P-Ä®. 7x2=14
Note : Answer any seven questions. Question No. 30 is compulsory.
21. ö£ÖuÀPÒ ©ØÖ® ö\¾zuÀPÒ PnUS GßÓõÀ GßÚ ?
What is Receipts and Payments Account ?

A

7 7457

22. |Øö£¯º GßÓõÀ GßÚ ?
What is Goodwill ?

23. £[SPÒ Hß JÖ¨¤Ç¨¦ ö\´¯¨£kQßÓÚ ?
Why are the shares forfeited ?

24. |øh•øÓ •uÀ GßÓõÀ GßÚ ?
What is Working Capital ?

25. uõÛ¯[S® PnUQ¯À •øÓ GßÓõÀ GßÚ ?
What is Automated accounting system ?

26. ¤ßÁ¸® uPÁÀPμ¸¢x 2018, i\®£º 31 B® |õøͯ •uÀ PshԯĮ.

ÂÁµ® `
2018, áÚÁ› 1 AßÖ •uÀ 1,00,000

E›ø©¯õͺ uÚx ö\õ¢u £¯ÝUPõP \µUS Gkzux 30,000
AÆÁõsiÀ öPõsk Á¢u TkuÀ •uÀ 15,000

AÆÁõsiÀ C»õ£® 60,000

From the following details, calculate the Capital as on 31st December 2018.

Particulars `
st
Capital as on 1 January, 2018 1,00,000
Goods withdrawn for personal use by the owner 30,000
Additional Capital introduced during the year 15,000
Profit for the year 60,000

27. ¤µÃÚõ ©ØÖ® uõ߯õ GßÓ C¸ TmhõÎPÒ 7 : 3 GßÓ C»õ£ ÂQuzvÀ
C»õ£zøu¨ £Qº¢x Á¢uÚº. AÁºPÒ ©õ¼Û GߣÁøµU Tmhõsø©°À
÷\ºzxU öPõshÚº. ¤µÃÚõ, uõ߯õ ©ØÖ® ©õ¼Û AÁºPÎß ¦v¯ C»õ£
ÂQu® 5 : 2 : 3. v¯õP ÂQuzøuU PnUQhÄ®.
Praveena and Dhanya are sharing profits in the ratio of 7 : 3. They admit Malini into the
firm. The new ratio among Praveena, Dhanya and Malini is 5 : 2 : 3. Calculate the Sacrificing
ratio.

A [ v¸¨¦P / Turn over

7457 8

28. wÚõ, `º¯õ ©ØÖ® áõÚQ GßÓ TmhõÎPÒ 5 : 3 : 2 GßÓ ÂQuzvÀ C»õ£®
©ØÖ® |mh[Pøͨ £Qº¢x Á¢uÚº. 31.3.2018 AßÖ wÚõ Tmhõsø©ø¯
Âmk »QÚõº. AÁ¸øh¯ »P¼ß÷£õx {ÖÁÚzvß PnU÷PkPÒ ` 50,000
Põ¨¦ {v°øÚU Põmi¯x. Põ¨¦ {v°øÚ ©õØÖÁuØSz ÷uøÁ¯õÚ
SÔ¨÷£mk¨ £vÂøÚz uµÄ®.
Dheena, Surya and Janaki are partners sharing profits and losses in the ratio of 5 : 3 : 2. On
31.3.2018, Dheena retired. On the date of retirement, the books of the firm showed a reserve
fund of ` 50,000. Pass journal entry to transfer the reserve fund.

29. ¤ßÁ¸® uPÁÀPμ¸¢x ö©õzu C»õ£® PnUQhÄ®.
ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´ ` 1,00,000. ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´UPõÚ
AhUPÂø» ` 80,000 ©ØÖ® öPõÒ•uÀ ` 62,500.
Calculate Gross profit ratio from the following.
Revenue from operations ` 1,00,000. Cost of revenue from operations ` 80,000 and Purchases
` 62,500.

30. Tmhõsø© {ÖÁÚ[PÍõÀ u¯õ›UP¨£k® CÖvU PnUSPÎß ö£¯ºPøÍU
TÖP.
Name the Final Accounts which are to be prepared by the partnership firms.

£S-v & III / PART - III
SÔ¨¦ : GøÁ÷¯- Ý ® HÊ ÂÚõU- P - Ð US Âøh- ¯ - Î U- P - Ä ®. ÂÚõ Gs 40 &US
Pm-hõ-¯-©õP Âøh-¯-ÎU-P-Ä®. 7x3=21
Note : Answer any seven questions. Question No. 40 is compulsory.
31. {ø» AÔUøP ©ØÖ® C¸¨¦{ø»U SÔ¨¦US® Cøh÷¯ EÒÍ ÷ÁÖ£õkPøÍz
uµÄ®.
Differentiate between Statement of affairs and Balance Sheet.

32. ¤ßÁ¸® ÂÁµ[Pμ¸¢x 2018, ©õºa 31 B® |õ÷Íõk •iÁøh²®
BskUS›¯ Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUQÀ £ØÖ øÁUP¨£h ÷Ási¯
Aa_ ©ØÖ® GÊxö£õ¸Ò ö\»øÁU PnUQmk AøÁ 2018, ©õºa 31 B® |õøͯ
C¸¨¦{ø»U SÔ¨¤À GÆÁõÖ ÷uõßÖ® Gߣøu²® SÔ¨¤hÄ®.
GÊxö£õ¸ÒPÐUPõP öPõkzu öuõøP (2017-2018) ` 1,500
GÊxö£õ¸ÒPÒ C¸¨¦ (H¨µÀ 1, 2017) ` 300
GÊxö£õ¸ÒPÒ C¸¨¦ (©õºa 31, 2018) ` 200
From the following details calculate the printing and stationery to be debited to Income and
Expenditure Account for the year ending 31st March, 2018 and also show how it will appear
in the Balance Sheet as on 31st March, 2018.
Amount paid for Stationery during 2017-2018 ` 1,500
st
Stock of Stationery on 1 April, 2017 ` 300
Stock of Stationery on 31st March, 2018 ` 200

A

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33. S©õº GߣÁº J¸ Tmhõsø© {ÖÁÚzvß TmhõÎ. Tmhõsø©
J¨£õÁnzvߣi Gk¨¦PÒ «x Ámi BskUS 6% PnUQh¨£h ÷Ásk®.
i\®£º 31 B® |õ÷Íõk •iÁøh²® 2018 B® BsiÀ AÁ¸øh¯ Gk¨¦PÒ
¤ßÁ¸©õÖ :

|õÒ `
©õºa 1 4,000

áüß 1 4,000

ö\¨h®£º 1 4,000

i\®£º 1 4,000

Gk¨¦PÒ «x Ámi PnUQhÄ®.
Kumar is a partner in a partnership firm. As per the Partnership deed, interest on drawings
is charged at 6% per annum. During the year ended 31st December, 2018 he withdrew as
follows :

Date `
March 1 4,000
June 1 4,000
September 1 4,000
December 1 4,000

Calculate the amount of interest on drawings.

34. ¤ßÁ¸® uPÁÀPμ¸¢x ‰»uÚ©õUPÀ •øÓ°À |Øö£¯›ß ©v¨ø£U PõnÄ®.
(A) \µõ\› C»õ£® ` 20,000
(B) \õuõµn C»õ£ ÂQu® 10%
(C) £¯ß£kzu¨£mh •uÀ ` 1,50,000
From the following information, find out the value of Goodwill by Capitalisation method.

(a) Average profit ` 20,000

(b) Normal rate of return 10%

(c) Capital employed ` 1,50,000

A [ v¸¨¦P / Turn over

7457 10

35. Cµõ÷áè ©ØÖ® Cµ÷©è GÝ® TmhõÎPÒ 3 : 2 GßÓ ÂQuzvÀ C»õ£
|mhzvøÚ¨ £Qº¢x Á¢uÚº. Cµõ©ß GߣÁøµ ¦v¯ TmhõίõP ÷\ºzxU
öPõshÚº. AÁºPÍx ¦v¯ C»õ£ ÂQu® 5 : 3 : 2. ¤ßÁ¸® ©Ö©v¨¥kPÒ
ö\´¯¨£mhÚ. ©Ö©v¨¥mkU PnUS u¯õ›UPÄ®.
(A) Pmhhzvß ©v¨¦ ` 15,000 E¯ºzu¨£mhx.
(B) C¯¢vµzvß ©v¨¦ ` 4,000 SøÓUP¨£mhx.
(C) Áõµõ I¯UPhß JxUS ` 1,000 E¸ÁõUP¨£mhx.
Rajesh and Ramesh are partners sharing profits and losses in the ratio of 3 : 2. Raman is
admitted as a new partner and the new profit sharing ratio is decided as 5 : 3 : 2. The
following revaluations are made. Prepare Revaluation account.
(a) The value of building is increased by ` 15,000
(b) The value of the machinery is decreased by ` 4,000
(c) Provision for doubtful debt is made for ` 1,000

36. TmhõΠ»P¼ß ÷£õx ö\´¯¨£h ÷Ási¯ \›UPmkuÀPøͨ £mi¯¼hÄ®.
List out the adjustments made at the time of retirement of a partner in a partnership firm.

37. •ßÝ›ø©¨ £[SPÐUS®, ÷|ºø©¨ £[SPÐUS•ÒÍ ÷ÁÖ£õkPøÍU
TÓÄ®.
State the differences between Preference shares and Equity shares.

38. µõáõ {Ö©zvß ¤ßÁ¸® uPÁÀPμ¸¢x 2017, ©õºa 31 B® |õ÷Íõk
•iÁøh²® BskUS›¯ ö£õx AÍÄ Á¸©õÚ AÔUøPø¯z u¯õº ö\´¯Ä®.
2016 - 2017
ÂÁµ® `
ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´ 4,50,000

Cuµ Á¸©õÚ® 67,500

ö\»ÄPÒ 1,35,000
Prepare Common-size income statement for the following particulars of Raja Ltd., for the
year ended 31st March, 2017.
2016 - 2017
Particulars
`
Revenue from operations 4,50,000
Other income 67,500
Expenses 1,35,000

A

11 7457

39. ¤ßÁ¸® uPÁÀPμ¸¢x ¦Ó AP ö£õÖ¨¦PÒ ÂQu® PnUQhÄ® :
31.03.2018 AßøÓ¯ C¸¨¦{ø»U SÔ¨¦ (Á¸Â¯)
ÂÁµ® `
I. £[S ‰»uÚ® ©ØÖ® ö£õÖ¨¦PÒ
1. £[Suõµº {v

(A) £[S •uÀ
÷|ºø©¨ £[S •uÀ 1,00,000

(B) Põ¨¦PÒ ©ØÖ® ªSv 60,000
2. }sh Põ»¨ ö£õÖ¨¦PÒ

}sh Põ»U PhßPÒ (PhÜmk¨ £zvµ[PÒ) 80,000
3. |h¨¦¨ ö£õÖ¨¦PÒ

(A) PnUSPÒ ‰»® ö\¾zu ÷Ási¯øÁPÒ 50,000

(B) Cuµ |h¨¦¨ ö£õÖ¨¦PÒ :
öPõk£h ÷Ási¯ ö\»ÄPÒ 30,000
ö©õzu® 3,20,000

From the following information, calculate debt-equity ratio :
Balance sheet (Extract) as on 31.03.2018
Particulars `
I. EQUITY AND LIABILITIES
1. Shareholders' funds
(a) Share capital
Equity Share Capital 1,00,000
(b) Reserves and Surplus 60,000
2. Non-current liabilities
Long-term borrowings (Debentures) 80,000
3. Current Liabilities
(a) Trade payables 50,000
(b) Other current liabilities
Outstanding expenses 30,000
Total 3,20,000

A [ v¸¨¦P / Turn over

7457 12

40. Tally &À RÌUPõs£ÚÁØøÓ¨ £õºøÁ°kÁuØPõÚ ~øÇÁõ°ø» GÊxP.

(i) C»õ£ |mhU PnUS

(ii) C¸¨¦ {ø»U SÔ¨¦

(iii) |õ÷Ík
Write the Gateway of Tally to view the following.

(i) Profit and Loss A/c

(ii) Balance Sheet

(iii) Day Book

£S-v & IV / PART - IV

SÔ¨¦ : AøÚz-x ÂÚõU-P-ÐU-S® Âøh-¯-ÎU-P-Ä®. 7x5=35

Note : Answer all the questions.

41. (A) 2017 H¨µÀ 1 AßÖ P÷nè ` 75,000 •u¾hß ußÝøh¯ öuõÈø»z
öuõh[QÚõº. AÁº •øÓ¯õÚ PnU÷PkPøͨ £µõ©›UPÂÀø». 31.3.2018
B® |õøͯ AÁ¸øh¯ HkPÎß ÂÁµ[PÒ ¤ßÁ¸©õÖ.

ÂÁµ® ` ÂÁµ® `
öµõUP® 5,000 PhÚõÎPÒ 16,000

\µUQ¸¨¦ 18,000 PhÜ¢÷uõº 9,000

ö£ÖuØS›¯ ©õØÖa ^mk 7,000 Á[Q öµõUP® 24,000

AøÓP»ß 3,000 ö\¾zuØS›¯ ©õØÖa ^mk 6,000

{»® ©ØÖ® Pmhh[PÒ 30,000

AÆÁõsiÀ ußÝøh¯ ö\õ¢u¨ £¯ÝUPõP AÁº ` 15,000 GkzxU
öPõshõº. AÆÁõsiÀ AÁº öPõsk Á¢u TkuÀ •uÀ ` 20,000.
AÁ¸øh¯ C»õ£® AÀ»x |mhzøuU PshԯĮ.

AÀ-»-x
A

13 7457

(B) öÁØÔ ©ØÖ® Cµg]z C¸Á¸® TmhõÎPÒ. AÁºPÒ 3 : 2 GÝ® ÂQuzvÀ
C»õ£® ©ØÖ® |mh[PøÍ £Qº¢x Á¢uÚº. AÁºPÍx 31.12.2017
|õÍßøÓ¯ C¸¨¦{ø»U SÔ¨¦ ¤ßÁ¸©õÖ C¸¢ux.

ö£õÖ¨¦PÒ ` ` ö\õzxPÒ `

•uÀ PnUSPÒ : AøÓP»ß 25,000

öÁØÔ 30,000 \µUQ¸¨¦ 20,000

Cµg]z 20,000 50,000 PhÚõÎPÒ 10,000

Põ¨¦ {v 5,000 øPöµõUP® 35,000

£Ø£» PhÜ¢÷uõº 45,000 C»õ£&|mh P/S (|mh®) 10,000

1,00,000 1,00,000

¤ßÁ¸® \›UPmkuÀPÎÀ 01.01.2018 AßÖ `›¯õ GߣÁº {ÖÁÚzvß
¦v¯ TmhõίõPa ÷\ºQÓõº.

1
(i) `›¯õ 4 C»õ£¨ £[QØPõP ` 10,000 •uÀ öPõsk Á¸QÓõº.

(ii) \µUQ¸¨¦ 10% SøÓzx ©v¨¤h¨£kQÓx.

(iii) PhÚõÎPÒ ` 7,500 GÚ ©v¨¤h¨£kQÓx.

(iv) AøÓP»ß ©v¨¦ ` 40,000 GÚ ©õØÔ Aø©UP¨£kQÓx.

(v) öPõk£h ÷Ási¯ T¼ ` 4,500 CxÁøµ £vÄ ö\´¯¨£hÂÀø».

¦v¯ TmhõÎ ÷\ºUøPUS¨ ¤ß {ÖÁÚzvß ©Ö©v¨¥k PnUS,
TmhõÎPÎß •uÀ PnUS ©ØÖ® C¸¨¦{ø»U SÔ¨¦ u¯õº ö\´¯Ä®.

A [ v¸¨¦P / Turn over

7457 14

(a) On 1st April 2017, Ganesh started his business with a capital of ` 75,000. He did not
maintain proper books of accounts. Following particulars are available from his books
as on 31.3.2018.

Particulars ` Particulars `
Cash 5,000 Debtors 16,000
Stock of goods 18,000 Creditors 9,000
Bills Receivable 7,000 Cash at Bank 24,000
Furniture 3,000 Bills Payable 6,000
Land and Buildings 30,000

During the year he withdrew ` 15,000 for his personal use. He introduced further
capital of ` 20,000 during the year. Calculate his profit or loss.
OR
(b) Vetri and Ranjit are partners, sharing profits and losses in the ratio of 3 : 2. Their
balance sheet as on 31st December 2017 is as under.

Liabilities ` ` Assets `
Capital Accounts : Furniture 25,000
Vetri 30,000 Stock 20,000
Ranjit 20,000 50,000 Debtors 10,000
Reserve fund 5,000 Cash in hand 35,000
Sundry Creditors 45,000 Profit and Loss A/c (Loss) 10,000
1,00,000 1,00,000

On 01.01.2018, they admit Suriya into their firm as a partner on the following
arrangements.

1
(i) Suriya brings ` 10,000 as capital for share of profit.
4
(ii) Stock to be depreciated by 10%.
(iii) Debtors to be revalued at ` 7,500.
(iv) Furniture to be revalued at ` 40,000.
(v) There is an outstanding wages of ` 4,500 not yet recorded.
Prepare Revaluation account, Partners’ Capital account and the Balance Sheet of the
firm after admission.

A

15 7457

42. (A) §®¦Põº C»UQ¯ ©ßÓzvß RÌUPõq® uPÁÀPμ¸¢x 2019, ©õºa
31 B® |õ÷Íõk •iÁøh²® BskUS›¯ ö£ÖuÀPÒ ©ØÖ® ö\¾zuÀPÒ
PnUQøÚz u¯õº ö\´¯Ä®.

ÂÁµ® ` ÂÁµ® `

öuõhUP öµõUP C¸¨¦ \¢uõ ö£ØÓx 20,000
(1.4.2018) 5,000

Á[Q ÷©ÀÁøµ¨ £ØÖ £Êx£õºzuÀ ©ØÖ®
(1.4.2018) 4,000 ¦x¨¤zuÀ 2,500

Aa_ ©ØÖ® GÊxö£õ¸Ò .1,500 ÷£õUSÁµzxa ö\»ÄPÒ 2,750

Ámi ö\¾zv¯x 3,250 ¦zuP[PÒ Áõ[Q¯x 10,000

•u½kPÒ ÂØÓx 1,000 Põ¨¥mk •øÚ©®

ö\¾zv¯x 4,000

]ØÖsi Áõ[Q¯x 1,500 £ÀÁøP ÁµÄPÒ 750

öPõk£h ÷Ási¯ \®£Í® 2,000 Aµ]hª¸¢x ö£ØÓ ©õÛ¯® 6,000

AÓUöPõøh {v ö£ØÓx 2,000
]ØÖsi ÂØÓx 1,500

JγmkU Pmhn® 1,300 Pmhh® «uõÚ ÷u´©õÚ® 2,000

Á[Q öµõUPP® (31.03.2019) 2,000

AÀ-»-x

(B) |Øö£¯øµz wº©õÛUS® H÷uÝ® I¢x PõµoPøÍU TÔ, AÁØøÓ
ÂÁ›UPÄ®.

A [ v¸¨¦P / Turn over

7457 16

(a) From the following particulars of Poompuhar Literary Association, prepare Receipts
and Payments account for the year ended 31st March, 2019.

Particulars ` Particulars `

Opening cash in hand as on
5,000 Subscription received 20,000
1.4.2018

Bank overdraft as on
4,000 Repairs and renewals 2,500
1.4.2018

Printing and Stationery 1,500 Conveyance paid 2,750

Interest paid 3,250 Books purchased 10,000

Sale of investments 1,000 Insurance premium paid 4,000

Purchase of refreshments 1,500 Sundry receipts 750

Outstanding Salary 2,000 Government grants received 6,000

Endowment fund receipts 2,000 Sale of refreshments 1,500

Lighting charges 1,300 Depreciation on buildings 2,000

Cash at bank on 31.03.2019 2,000

OR

(b) State any 5 factors determining Goodwill and explain.

A

17 7457

43. (A) ¤ßÁ¸® uPÁÀPμ¸¢x ©ßÚß ©ØÖ® ÷\ÁPß GÝ® TmhõÎPÎß
•uÀ PnUSPøÍ AÁºPÎß •uÀ ©õÖ£k® •u»õP C¸US®÷£õx
u¯õ›UPÄ®.

©ßÚß ÷\ÁPß
ÂÁµ®
(`) (` )

2018, áÚÁ› 1 AßÖ •uÀ (ÁµÂ¸¨¦) 2,00,000 1,75,000

2018 B® BsiÀ Gk¨¦PÒ 40,000 35,000

Gk¨¦PÒ «uõÚ Ámi 1,000 500

2018 B® Bsiß C»õ£¨ £[S 21,000 16,500

•uÀ «x Ámi 12,000 10,500

Fv¯® 18,000 -

PÈÄ - 2,500

AÀ-»-x

(B) ÷µõáõ, }»õ ©ØÖ® PÚPõ GßÓ TmhõÎPÒ 4 : 3 : 3 GßÓ ÂQuzvÀ C»õ£®
©ØÖ® |mh[Pøͨ £Qº¢x Á¢uÚº. 2017 H¨µÀ 1 AßÖ ÷µõáõ GߣÁº
Tmhõsø©°¼¸¢x »QÚõº. AÁ¸øh¯ »P¼ß÷£õx RÌUPsh
\›UPmkuÀPÒ ö\´ÁuØS J¨¦UöPõÒͨ£mhÚ.

(i) Pmhhzvß ©v¨¤À ` 30,000 AvP›UP ÷Ásk®.

(ii) \µUQ¸¨¦ ©v¨¤À ` 5,000 ©ØÖ® AøÓP»ß ©v¨¤À ` 12,000 SøÓUP
÷Ásk®.

(iii) öPõk£hõ ö£õÖ¨¦PÐUS ` 1,000 JxUS E¸ÁõUP ÷Ásk®.

SÔ¨÷£mk¨ £vÄPÒ u¢x ©Ö©v¨¥mkU PnUQøÚz u¯õ›UPÄ®.

A [ v¸¨¦P / Turn over

7457 18

(a) From the following information, prepare Capital accounts of partners Mannan and
Sevagan, when their capitals are fluctuating.

Mannan Sevagan
Particulars
` `
st
Capital on 1 January 2018 (Cr. Balance) 2,00,000 1,75,000
Drawings during 2018 40,000 35,000
Interest on Drawings 1,000 500
Share of profit for 2018 21,000 16,500
Interest on Capital 12,000 10,500
Salary 18,000 -
Commission - 2,500

OR

(b) Roja, Neela and Kanaga are partners sharing profits and losses in the ratio of 4 : 3 : 3.
On 1st April 2017, Roja retires from partnership and on retirement, the following
adjustments are agreed upon.

(i) Increase the value of building by ` 30,000.

(ii) Depreciate stock by ` 5,000 and furniture by ` 12,000.

(iii) Provide an outstanding liability of ` 1,000

Pass journal entries and prepare Revaluation account.

44. (A) ¤ßÁ¸® ÂÁµ[Pμ¸¢x, E¯º C»õ£zvÀ 3 BskPÒ öPõÒ•uÀ GßÓ
Ai¨£øh°À |Øö£¯›ß ©v¨ø£U PnUQhÄ®.
(i) £¯ß£kzu¨£mh •uÀ : ` 2,00,000
(ii) \õuõµn C»õ£ ÂQu® : 15%
(iii) ¯õ£õµzvß \µõ\› C»õ£® : ` 42,000
AÀ-»-x
(B) PoÛ©¯U PnUQ¯À •øÓ°ß £¯ß£õkPÎÀ H÷uÝ® I¢vøÚ
ÂÍUPÄ®.

A

19 7457

(a) From the following information, calculate the value of Goodwill based on 3 years
purchase of Super Profit.
(i) Capital employed : ` 2,00,000
(ii) Normal rate of return : 15%
(iii) Average profit of the business : ` 42,000
OR
(b) Explain any five applications of computerised accounting system.

45. (A) RÌUPõq® S®£÷Põn® Tøh¨£¢x \[Pzvß ö£ÖuÀPÒ ©ØÖ®
ö\¾zuÀPÒ PnUQ¼¸¢x 2018, ©õºa 31 B® |õ÷Íõk •iÁøh²®
BskUS›¯ Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUøPz u¯õº ö\´¯Ä®.

ö£ÖuÀPÒ ` ` ö\¾zuÀPÒ ` `
C¸¨¦ R/öPõ ø©uõÚ ÁõhøP
ö\¾zv¯x 12,000
øP öµõUP® 23,000 Aa_U Pmhn® 5,000

Á[Q öµõUP® 12,000 35,000 Á[QU Pmhn® 1,000

Aµ[P ÁõhøP
Pmhh® «uõÚ Põ¨¥k 2,000
ö£ØÓx 6,000
öuõhº Âøͯõmk¨
\¢uõ ö£ØÓx 9,000
÷£õmia ö\»ÄPÒ 16,000
B²Ò EÖ¨¤Úº
uoUøPU Pmhn® 3,000
Pmhn® 7,000
£õxPõ¨¦¨ ö£mhP Âøͯõmk¨
ÁõhøP ö£ØÓx 2,000 ö£õ¸mPÒ Áõ[Q¯x 4,000
C¸¨¦ R/C
øP öµõUP® 2,000

Á[Q öµõUP® 14,000 16,000
59,000 59,000

AÀ-»-x

A [ v¸¨¦P / Turn over

7457 20

(B) •zx {Ö©zvß ¤ßÁ¸® uPÁÀPμ¸¢x J¨¥mk {v{ø» AÔUøPø¯z
u¯õº ö\´¯Ä®.

2017, ©õºa 31 2018, ©õºa 31
ÂÁµ®
(` ) (` )
I. £[S ‰»uÚ® ©ØÖ® ö£õÖ¨¦PÒ
£[Suõµº {v 4,00,000 4,40,000

}shPõ»¨ ö£õÖ¨¦PÒ 1,50,000 1,65,000

|h¨¦¨ ö£õÖ¨¦PÒ 75,000 82,500

ö©õzu® 6,25,000 6,87,500
II. ö\õzxPÒ
}shPõ» ö\õzxPÒ 5,00,000 6,00,000

|h¨¦a ö\õzxPÒ 1,25,000 87,500

ö©õzu® 6,25,000 6,87,500

(a) From the following Receipts and Payments account, prepare Income and Expenditure
account of Kumbakonam Basket Ball Association for the year ended 31st March, 2018.

Receipts ` ` Payments ` `
To Balance b/d By Rent of ground paid 12,000
Cash in hand 23,000 By Printing charges 5,000
Cash at bank 12,000 35,000 By Bank charges 1,000
To Rent of hall received 6,000 By Insurance for building 2,000

To Subscription By Tournament expenses 16,000
received 9,000
To Life membership By Audit fees 3,000
fees 7,000
To Locker rent received 2,000 By Sports materials
purchased 4,000
By Balance c/d
Cash in hand 2,000
Cash at bank 14,000 16,000
59,000 59,000

OR

A

21 7457

(b) From the following particulars, prepare Comparative Statement of financial position
of Muthu Ltd.

st st
31 March, 2017 31 March, 2018
Particulars
(` ) (` )
I. EQUITY AND LIABILITIES
Shareholders' Fund 4,00,000 4,40,000
Non-Current Liabilities 1,50,000 1,65,000
Current Liabilities 75,000 82,500
Total 6,25,000 6,87,500
II. ASSETS
Non-current assets 5,00,000 6,00,000
Current assets 1,25,000 87,500
Total 6,25,000 6,87,500

46. (A) xøµ ©ØÖ® ÷Á»ß 2018, H¨µÀ 1 AßÖ Tmhõsø© J¨£¢uzvÀ
Dk£mhÚº. xøµ ` 25,000 ©ØÖ® ÷Á»ß ` 30,000 •u»õP öPõskÁ¢uÚº.
J¨£¢u® ¤ßÁ¸ÁÚÁØøÓU öPõskÒÍx :
(i) xøµ ©ØÖ® ÷Á»ß C»õ£ |mh[PøÍ 2 : 3 GßÓ ÂQuzvÀ £Qµ
÷Ásk®.
(ii) TmhõÎPÐUS •uÀ «x Ámi BskUS 5% uµ¨£h ÷Ásk®.
(iii) Gk¨¦PÒ «uõÚ Ámi PnUQh¨£h ÷Ási¯x :
xøµ ` 300 ©ØÖ® ÷Á»ß ` 450.
(iv) xøµUS Fv¯® BskUS ` 5,000 ÁÇ[P¨£h ÷Ásk® ©ØÖ®
(v) ÷Á»ÝUS uµ¨£h ÷Ási¯ PÈÄ ` 2,000.
AÆÁõsiÀ Ámi, Fv¯® ©ØÖ® PÈÄ ÷£õßÓÁØøÓ \›UPmkÁuØS
•ß {ÖÁÚ® Dmi¯ C»õ£® ` 20,000. C»õ£|mh¨ £QºÄ PnUøPz
u¯õ›UPÄ®.
AÀ-»-x

A [ v¸¨¦P / Turn over

7457 22

(B) A¸nß {Ö©zvß 31.03.2019 B® |õøͯ ¤ßÁ¸® C¸¨¦{ø»U
SÔ¨¤¼¸¢x (i) ¦Ó AP ö£õÖ¨¦PÒ ÂQu® (ii) E›ø©¯õͺ ÂQu®
(iii) •uÀ E¢xvÓß ÂQu® PnUQhÄ®.

A¸nß {Ö©zvß 31.03.2019 B® |õøͯ C¸¨¦{ø»U SÔ¨¦
ÂÁµ® `
I. £[S ‰»uÚ® ©ØÖ® ö£õÖ¨¦PÒ
1. £[Suõµº {v
(A) £[S •uÀ
÷|ºø©¨ £[S •uÀ 1,50,000
8% •ßÝ›ø©¨ £[S •uÀ 2,00,000

(B) Põ¨¦PÒ ©ØÖ® ªSv 1,50,000
2. }shPõ»¨ ö£õÖ¨¦PÒ
}shPõ»U PhßPÒ (9% PhÜmk¨ £zvµ[PÒ) 4,00,000
3. |h¨¦¨ ö£õÖ¨¦PÒ
(A) Á[Q°¼¸¢x ö£ØÓ SÖQ¯Põ»U PhßPÒ 25,000

(B) PnUSPÒ ‰»® ö\¾zu ÷Ási¯øÁPÒ 75,000

ö©õzu® 10,00,000
II. ö\õzxPÒ :
1. }shPõ»a ö\õzxPÒ
{ø»a ö\õzxPÒ 7,50,000
2. |h¨¦a ö\õzxPÒ
(A) \µUQ¸¨¦ 1,20,000

(B) PnUSPÒ ‰»® ö£Ó ÷Ási¯øÁPÒ 1,00,000

(C) öµõUP® ©ØÖ® öµõUPzvØS \©©õÚøÁPÒ 27,500

(D) Cuµ |h¨¦a ö\õzxPÒ
ö\»ÄPÒ •ßTmia ö\¾zv¯x 2,500

ö©õzu® 10,00,000

A

23 7457

(a) Durai and Velan entered into a partnership agreement on 1st April 2018. Durai
contributing ` 25,000 and Velan ` 30,000 as capital. The agreement provided that :
(i) Profits and losses to be shared in the ratio 2 : 3 as between Durai and Velan.
(ii) Partners to be entitled to get interest on capital @ 5% p.a.
(iii) Interest on drawings to be charged Durai : ` 300 Velan : ` 450.
(iv) Durai to receive a salary of ` 5,000 for the year, and
(v) Velan to receive a commission of ` 2,000.
During the year, the firm made a profit of ` 20,000 before adjustment of interest, salary
and commission. Prepare the Profit and Loss appropriation account.
OR
(b) From the following Balance Sheet of Arunan Ltd., as on 31.03.2019, calculate
(i) Debt-equity ratio (ii) Proprietary ratio and (iii) Capital gearing ratio.
Balance sheet of Arunan Ltd., as on 31.03.2019
Particulars `
I. EQUITY AND LIABILITIES
1. Shareholders' funds
(a) Share Capital
Equity Share Capital 1,50,000
8% Preference Share Capital 2,00,000
(b) Reserves and Surplus 1,50,000
2. Non-Current Liabilities
Long term borrowings (9% Debentures) 4,00,000
3. Current Liabilities
(a) Short-term borrowings from banks 25,000
(b) Trade payables 75,000
Total 10,00,000
II. ASSETS
1. Non-current Assets
Fixed Assets 7,50,000
2. Current Assets
(a) Inventories 1,20,000
(b) Trade receivables 1,00,000
(c) Cash and cash equivalents 27,500
(d) Other Current Assets
Expenses paid in advance 2,500
Total 10,00,000

A [ v¸¨¦P / Turn over

7457 24

47. (A) ¤ßÁ¸® ÂÁµ[PøÍU öPõsk, •Àø» Áøµ¯Ö {Ö©zvß ÷£õUS
\uÃu[PøÍU PnUQhÄ®.
` C»m\[PÎÀ
ÂÁµ®
2015-16 2016-17 2017-18
ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´ 100 120 160

Cuµ Á¸©õÚ® 20 24 20

ö\»ÄPÒ 20 14 40

Á¸©õÚ Á› 30% 30% 30%
AÀ-»-x
(B) áõ´ {Ö©® ` 10 ©v¨¦ÒÍ 10,000 ÷|ºø©¨ £[SPøÍ Âsn¨£zvß ÷£õx
` 5, JxURmiß ÷£õx ` 3, •uÀ ©ØÖ® CÖv AøǨ¤ß ÷£õx ` 2 ö\¾zx®
ÁøP°À öÁΰmhx. 9,000 £[SPøÍ Áõ[P ö£õx©UPÒ
Âsn¨¤zuÚº. C¯USÚºPÒ 9,000 £[SPøͲ® JxURk ö\´x AuØPõÚ
öuõøPø¯²® ö£ØÖU öPõshÚº. ÷uøÁ¯õÚ SÔ¨÷£mk¨ £vÄPøÍz
uµÄ®.
(a) From the following information, calculate trend percentage for Mullai Ltd.

` in lakhs
Particulars
2015-16 2016-17 2017-18
Revenue from operations 100 120 160
Other income 20 24 20
Expenses 20 14 40
Income tax 30% 30% 30%
OR
(b) Joy company issued 10,000 equity shares at ` 10 per share payable ` 5 on application,
` 3 on allotment and ` 2 on first and final call. The public subscribed for 9,000 shares.
The directors allotted all the 9,000 shares and duly received the money. Pass the
necessary journal entries.

-oOo-

A

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