TBSE Class 12 Model Question Paper 2021 Accountancy

MODEL QUESTION
Class - XII : Accountancy : 80 Mark : 2020-2021

!Ó˲yàÈüÈܲ ı ≤Ã!ï˛!ê˛ ≤Èϟ¿Ó˚ ÙylÈüÈ1 : 1 x 20 = 20
I) §!ë˛Ü˛ !Óܲ“!ê˛ !lÓ≈yã˛l ܲˆÏÓ˚y / 1x5
1ä xÙ%lyÊ˛yˆÏ˲yà# ˛≤Ã!ï˛¤˛yˆÏlÓ˚ Ù%რxyˆÏÎ˚Ó˚ í˛zͧà%!° •° û
Ü˛ä §ò§ƒˆÏòÓ˚ ãÑ˛yòy åáä xl%òyl åàä !Ó!lˆÏÎ˚yà ˆÌˆÏܲ xyÎ˚ åâä í˛z˛õˆÏÓ˚Ó˚ §Óà%!°–
2ä ˛xÇ¢#òyÓ˚ˆÏòÓ˚ ã˛°!ï˛ !•§yÓ ˆáy°y •Î˚ñ Îál Ù)°ôl •Î˚ û
ܲä !fiÌÓ˚ åáä !fiÌÓ˚ ~ÓÇ ˛õ!Ó˚Óï≈˛l¢#° í˛z˲Î˚•z åàä ˛õ!Ó˚Óï≈˛l¢#° åâä í˛z˛õˆÏÓ˚Ó˚ §Óà%!°•z–
3ä xÇ¢#òyÓ˚# ≤Ã!ï˛¤˛yˆÏlÓ˚ ˛õ%là≈ë˛ˆÏlÓ˚ ܲyÓ˚î •° û
ܲä lï%˛l xÇ¢#òyÓ˚ @˝Ã•î åáä ˆÜ˛yl xÇ¢#òyˆÏÓ˚Ó˚ xÓ§Ó˚ @˝Ã•î åàä ˆÜ˛yl xÇ¢#òyˆÏÓ˚Ó˚ Ù,ï%˛ƒ åâä í˛z˛õˆÏÓ˚Ó˚ §Óܲ!ê˛–
4ä ˛!ï˛lçl x, y, z •° xÇ¢#òyÓ˚ñ ï˛yˆÏòÓ˚ °y˲ÈüÈ«˛!ï˛Ó˚ xl%˛õyï˛ 3:2:1, y xÓ§Ó˚ @˝Ã•î ܲÓ˚ˆÏ° x ~ÓÇ z ~Ó˚ lï%˛l
°y˲«˛!ï˛Ó˚ xl%˛õyï˛ •ˆÏÓ û
ܲä 1:1 åáä 3:1 åàä 5:3 åâä 2:1
5ä ï˛ƒyàyl%˛õyï˛ •° û
ܲä lï%˛l xl%˛õyï˛ åáä ˛õ%Ó˚yï˛l xl%˛õyï˛
åàä lï%˛l xl%˛õyï˛ ÈüÈ ˛õ%Ó˚yï˛l xl%˛õyï˛ åâä ˛õ%Ó˚yï˛l xl%˛õyï˛ ÈüÈ lï%˛l xl%˛õyï˛–
II) l#ˆÏã˛Ó˚ ≤ß¿à%!° ~ܲ¢ˆÏ∑ ‡ ÓyˆÏܲƒ í˛z_Ó˚ ܲÓ˚ /
6ä xÙ%lyÊ˛yˆÏ˲yà# §Çàë˛ˆÏlÓ˚ Ù%რí˛zˆÏj¢ƒ ܲ#⁄
7ä xÇ¢#òyÓ˚# ã%˛!=˛˛õe ܲ#⁄
8ä Órê˛lˆÏÎyàƒ Ù%lyÊ˛y ܲ#⁄
9ä xÇ¢#òyÓ˚# ܲyÓ˚ÓyˆÏÓ˚ ˆÜ˛l ï˛ƒyˆÏàÓ˚ xl%˛õyˆÏï˛Ó˚ !•§yÓ Ü˛Ó˚y •Î˚⁄
10ä °%E˛y!Î˚ï˛ §%lyÙ Ü˛yˆÏܲ ӈϰ⁄
11ä xl%ˆÏÙy!òï˛ Ù)°ôl ܲyˆÏܲ ӈϰ⁄
12ä ï˛ƒyàyl%˛õyï˛ Ó°ˆÏï˛ !ܲ ˆÓyV˛⁄
13ä xy!Ì≈ܲ !ÓÓÓ˚î# Ó°ˆÏï˛ !ܲ Ó%V˛⁄
14ä í˛zm,_ ˛õe !ܲ ⁄
15ä §yôyÓ˚î xyÜ,˛!ï˛Ó˚ !ÓÓÓ˚î# ܲyˆÏܲ ӈϰ⁄
16ä ˛õ!Ó˚Óï≈˛l¢#° Ù)°ôl Ó°ˆÏï˛ !ܲ Ó%V˛yÎ˚⁄
17ä ly!Ùܲ Ù)°ôl ܲyˆÏܲ ӈϰ⁄
18ä xl%˛õyï˛ Ü˛yˆÏܲ ӈϰ⁄
19ä fl∫FSÈ°ï˛y xl%˛õyï˛ Ü˛yˆÏܲ ӈϰ⁄
20ä §%lyÙ Ü˛yˆÏܲ ӈϰ⁄
!Ó˲yàÈüÈá ı ≤Ã!ï˛!ê˛ ≤Èϟ¿Ó˚ Ùyl -3 : 3x2=6

!lˆÏã˛Ó˚ ≤Ã!ï˛!ê˛ ≤Èϟ¿Ó˚ í˛z_Ó˚ 40!ê˛ ¢ˆÏ∑Ó˚ ÙˆÏôƒ ˆ°ˆÏáy–
21ä The following particulars are availare from one books of Shankti Sangha. Prepare a Receipts
and Payments account for the ended 31st March, 2020.

Particular Rs. Particular Rs.
Cash in hand 280 Donation 1000
Subscription 3,000 Electricity 135
Admission Fee 200 Rent paid in Advance 100
Salaries 1,700 Sports Material 300
Rent 1,300 Entertainment Expenses 60
Purchases of Furniture from
Dey & Sons 800
Sale of old News paper 205
Paid to Dey & Sons 300 Salaries outstanding 180

* xÌÓy
xyÎ˚ÓƒÎ˚ !•§yÓ ~ÓÇ °y˲ «˛!ï˛Ó˚ !•§yˆÏÓÓ˚ ÙˆÏôƒ ˛õyÌ≈ܲƒ !°á–
22ä Calculate Current ratio and Quick ratio from the following information :
Inventories Rs. 50,000; Trade receivable Rs. 50,000
Advance Tax Rs. 4000; Cash and cash equivalents Rs. 30,000
Bills payable Rs. 1,00,000; Bank overdraft Rs. 4000.
* xÌÓy
!•§yÓ §Çܲyhs˝ xl%˛õyï˛ !ӈϟ’£ÏˆÏîÓ˚ §%!Óôy§Ù)• !°á–
!Ó˲yàÈüÈà ı ≤Ã!ï˛!ê˛ ≤Èϟ¿Ó˚ Ùyl - 4 : 4 x 4 = 16

23ä xÙ° ~ÓÇ !ÓÙ° ~ܲ!ê˛ Ê˛yˆÏÙ≈Ó˚ xÇ¢#òyÓ˚– ï˛yˆÏòÓ˚ °y˲ÈüÈ«˛!ï˛ Órê˛ˆÏlÓ˚ xl%˛õyï˛ 2:3, 2019 §yˆÏ°Ó˚ 1°y ~!≤ð
ï˛yˆÏòÓ˚ Ù)°ôl !SÈ° ÎÌyܲˆÏÙ 60,000 ê˛yܲy ~ÓÇ 80,000 ê˛yܲy– ˙ ÓSÈÓ˚ ï˛yˆÏòÓ˚ x!ç≈ï˛ °yˆÏ˲Ó˚ ˛õ!Ó˚Ùyî !SÈ° 45,000 ê˛yܲy–
xÇ¢#òyÓ˚# ã%˛!=˛ xl%§yˆÏÓ˚ í˛z˲Î˚ xÇ¢#òyÓ˚ ï˛yˆÏòÓ˚ !Ó!lˆÏÎ˚y!çï˛ Ù)°ôˆÏlÓ˚ í˛z˛õˆÏÓ˚ 2 ¢ï˛yÇ¢ •yˆÏÓ˚ ˆÓï˛l ˛õyˆÏÓ ~ÓÇ Ù)°ôˆÏlÓ˚
í˛z˛õÓ˚ §%ˆÏòÓ˚ •yÓ˚ 6 ¢ï˛yÇ¢–
!fiÌÓ˚ !ܲ!hflÏ ˛õÂô!ï˛ˆÏï˛ xÇ¢#òyÓ˚ˆÏòÓ˚ Ù%°ôl !•§yÓ ≤Ã›ï˛ Ü˛Ó˚–
xÌÓy
Arup ~ÓÇ Anup ~ܲ!ê˛ Ê˛yˆÏÙ≈Ó˚ xÇ¢#òyÓ˚– ï˛yˆÏòÓ˚ °y˲«˛!ï˛ Órê˛ˆÏlÓ˚ xl%˛õyï˛ 4:1– 1°y ~!≤ð 2019 ï˛y!Ó˚ˆÏá ï˛yˆÏòÓ˚
Ù)°ôl !SÈ° ÎÌyܲˆÏÙ 1,50,000 ê˛yܲy ~ÓÇ 1,20,000 ê˛yܲy– Ê˛yˆÏÙ≈Ó˚ 31ˆ¢ Ùyã≈˛ 2020 ï˛y!Ó˚ˆÏá §ÙyÆ ÓͧÓ˚ °y˲ ˆ°yܲ§yˆÏlÓ˚
Órê˛l !•§yˆÏÓ 2,20,500 ê˛yܲy l#ê˛ °y˲ ˆòáyˆÏly •°– !l¡¨!°!áï˛ !Ù°Ü˛Ó˚î à%!° !ÓˆÏÓã˛ly ܲˆÏÓ˚ °y˲ÈüȈ°yܲ§yˆÏlÓ˚ Órê˛l
!•§yÓ ≤Ã›ï˛ Ü˛Ó˚–
ܲä Ù)°ôˆÏlÓ˚ í˛z˛õÓ˚ Óy!£Ï≈ܲ §%ò 6%–
áä Arup ~Ó˚ Loan A/c 100000 ê˛yܲyÓ˚ í˛z˛õÓ˚ §yÓ˚y ÓͧˆÏÓ˚Ó˚ §%ò–
àä xÇ¢#òyÓ˚ˆÏòÓ˚ í˛zˆÏ_y°ˆÏlÓ˚ í˛z˛õÓ˚ Óy!£Ï≈ܲ §%ˆÏòÓ˚ •yÓ˚ 6%. í˛zˆÏ_y°ˆÏlÓ˚ ˛õ!Ó˚Ùyî Arup 30,000 ê˛yܲyñ Anup 20000 ê˛yܲy–
âä ܲ!Ù¢l ˛õÓ˚Óï˛#≈ l#ê˛ °yˆÏ˲Ó˚ í˛z˛õÓ˚ Anup 5% •yˆÏÓ˚ ܲ!Ù¢l ˛õyˆÏÓ–
.ä Ù%lyÊ˛y Órê˛ˆÏlÓ˚ ˛õ)ˆÏÓ≈ Órê˛lˆÏÎyàƒ °yˆÏ˲Ó˚ 10% Ê˛yˆÏÙ≈Ó˚ §!M˛!ï˛ Ë˛yu˛yˆÏÓ˚ fiÌylyhs˝!Ó˚ï˛ Ü˛Ó˚ˆÏï˛ •ˆÏÓ–
24ä x ~ÓÇ y ~ܲ!ê˛ Ê˛yˆÏÙ≈Ó˚ xÇ¢#òyÓ˚– ï˛yˆÏòÓ˚ °y˲ÈüÈ«˛!ï˛ Órê˛ˆÏlÓ˚ xl%˛õyï˛ 3:2– ï˛yÓ˚y ˲!ӣσÏï˛ °yˆÏ˲Ó˚ 1/5 xLjϢÓ˚ çlƒ
zˆÜ˛ xÇ¢#òyÓ˚Ó˚)ˆÏ˛õ @˝Ã•î ܲÓ˚°– x ~ÓÇ y °yˆÏ˲Ó˚ §Ùyl xÇ¢ ˛õyˆÏÓñ lï%˛l °y˲ «˛!ï˛Ó˚ xl%˛õyï˛ ~ÓÇ ï˛ƒyàyl%˛õyï˛ !lî≈Î˚ܲÓ˚–

D xÌÓy
A ~ÓÇ B ~Ó˚ °y˲ «˛!ï˛Ó˚ Órê˛ˆÏlÓ˚ xl%˛õyï˛ 3:2 ñ ï˛yÓ˚y ˲!Ó£Ïƒï˛ °yˆÏ˲Ó˚ 20 ¢ï˛yLjϢÓ˚ !Ó!lÙˆÏÎ˚ CˆÜ˛ xÇ¢#òyÓ˚
!•§yˆÏÓ @˝Ã•l ܲˆÏÓ˚– C §%lyˆÏÙÓ˚ ≤ÈÏÎ˚yçl#Î˚ xÇ¢ ≤Ãòyl ܲˆÏÓ˚– lï%˛l °y˲ÈüÈ«˛!ï˛Ó˚ xl%˛õyï˛ 2:2:1, Ó•zÈüÈ~ í˛z!Õ‘!áï˛ §%lyˆÏÙÓ˚
˛õ!Ó˚Ùyî 6000 ê˛yܲyñ FirmÈüÈ~Ó˚ §%lyˆÏÙÓ˚ Ù)°ƒ !lô≈yÓ˚î ܲÓ˚y •Î˚ 10,000 ê˛yܲy– §%lyÙ §¡õ!Ü≈˛ï˛ çyˆÏÓòy òy!á°y !°á–
25ä P, Q ~ÓÇ R xÇ¢#òyÓ˚– ï˛yˆÏòÓ˚ °y˲ «˛!ï˛Ó˚ xl%˛õyï˛ 3:2:1ñ Q xÓ§Ó˚ @˝Ã•î ܲˆÏÓ˚– §%lyˆÏÙÓ˚ Ù)°ƒyÎ˚l ܲÓ˚y •Î˚
1,03,000 ê˛yܲyñ P ~ÓÇ Q ~Ó˚ ˲!Ó£Ïƒï˛ °y˲«˛!ï˛Ó˚ xl%˛õyï˛ 4:3, P, Q ~ÓÇ R ~Ó˚ Ó•zˆÏÎ˚ çyˆÏÓòy òy!á°y ˆòáyG Îál
í˛zm≈ï˛˛õˆÏe §%lyˆÏÙÓ˚ Ù)°ƒ ˆòáyˆÏly •Î˚ 42000 ê˛yܲy–
26ä X Ltd. ≤Ã!ï˛!ê˛ 100 ê˛yܲy Ù)ˆÏ°ƒÓ˚ 2000 ˆÏ¢Î˚yÓ˚ ˆ¢£Ï ï˛°ˆÏÓÓ˚ 20 ê˛yܲy xlyòyˆÏÎ˚ ÓyˆÏçÎ˚yÆ Ü˛Ó˚°– ˆ¢Î˚yÓ˚ xyˆÏÓòl
˛õˆÏeÓ˚ §yˆÏÌ 30 ê˛yܲy ~ÓÇ xyÓrê˛ˆÏlÓ˚ §yˆÏÌ 60 ê˛yܲy (10 ê˛yܲy !≤Ã!ÙÎ˚yÙ§•) ˆÜ˛y¡õyl# ˆ˛õˆÏÎ˚!SÈ°– ~•z ÓyˆÏçÎ˚yÆ ˆ¢Î˚yÓ˚à%!°Ó˚
ÙˆÏôƒ 800 ˆÏ¢Î˚yÓ˚ 10 ê˛yܲy xÓ•yˆÏÓ˚ ˛õ%l!Ó≈!° ܲÓ˚y •Î˚– ˆÜ˛y¡õyl#Ó˚ Ó•zˆÏï˛ ˆ¢Î˚yÓ˚ ÓyˆÏçÎ˚yÆ G ˛õ%l!Ó≈!° §Çܲyhs˝ çyˆÏÓòy
òy!á°y òyG–
27äFrom the following information prepare a suitable comparative statement of Profit & Loss for the
year ended 31st March 2020.
Particular 31.3.2019 31.3.2020
Revenue from operation 10,00,000 13,00,000
Employees benefit Expenses 5,00,000 8,00,000
Other Expesses 2,00,00 1,20,000
Tax Rate 40%
D xÌÓy
xy!Ì≈ܲ !ÓÓÓ˚î#§Ù)ˆÏ•Ó˚ !ӈϟ’£ÏˆÏlÓ˚ •y!ï˛Î˚yÓ˚§Ù)• xyˆÏ°yã˛ly ܲÓ˚–
!Ó˲yàÈüÈâ : ≤Ã!ï˛!ê˛ ≤Èϟ¿Ó˚ Ùyl - 6 : 6 x 3 = 18

28ä Burdwan Cricket Club- ~Ó˚ 31st 2019 ï˛y!Ó˚ˆÏáÓ˚ ≤Ãy!Æ G ≤ÃòyˆÏlÓ˚ !•§yÓ !lˆÏ¡¨ ˆòGÎ˚y •°–
Receipts Rs. Payments Rs.

To Balance b/d 3,800 By Sports Equipments 10,000
Subcription: 2018 1,000 (Purchased on 1.9.2019)
2019 18,500 Salaries & wages 3,000
2020 1,200 Printing 300
Interest on Govt. Electricity 500
Securities @ 5% Tournament Expresses 6,500
on cost 500
Entrance Fees 2500 Balance c/d 7,200
27,500 27,500

01.01.2019 ï˛y!Ó˚ˆÏá Üœ˛yˆÏÓÓ˚ !l¡¨!°!áï˛ !fiÌÓ˚ §¡õ!_ !SÈ° Sports equipments 15,500 ê˛yܲyñ Club ground
7000 ê˛yܲyñ Furniture 200 ê˛yܲy–

!l¡¨!°!áï˛ !Ó£ÏÎ˚à%!° !ÓˆÏÓã˛ly ܲˆÏÓ˚ ˆï˛yÙyˆÏܲ 31st Dec 2019 ï˛y!Ó˚ˆÏá xyÎ˚ÈüÈÓƒÎ˚ !•§yÓ ~ÓÇ í˛zmï≈˛ ˛õe ˜ï˛!Ó˚ ܲÓ˚ˆÏï˛
Ó°y •ˆÏÎ˚ˆÏSÈ–
ܲä 2019 §yˆÏ°Ó˚ 500 ê˛yܲy ãÑ˛yòy 2018 §yˆÏ° §Çà,•#ï˛ •ˆÏÎ˚ˆÏSÈ–
áä 2019 §yˆÏ°Ó˚ 300 ê˛yܲy ãÑ˛yòy ~áˆÏly Óyܲ# xyˆÏSÈ–
àä Sports Equipment ~Ó˚ í˛z˛õÓ˚ 20% •yˆÏÓ˚ ~ÓÇ FurnitureÈüÈ~Ó˚ í˛z˛õÓ˚ 5% •yˆÏÓ˚ Óy!£Ï≈ܲ xÓã˛Î˚ ôyÎ≈ƒ ܲÓ˚y •ˆÏÎ˚ˆÏSÈ–
xÌÓy
xÙ%lyÊ˛yˆÏ˲yà# ≤Ã!ï˛¤˛yl G Ù%lyÊ˛yˆÏ˲yà# ≤Ã!ï˛¤˛yˆÏlÓ˚ ÙˆÏôƒ ˛õyÌ≈ܲƒ !°á–
29ä x, y ~ÓÇ z xÇ¢#òyÓ˚– ï˛yˆÏòÓ˚ °y˲«˛!ï˛Ó˚ xl%˛õyï˛ 5:3:2– 31st Dec 2019 ï˛y!Ó˚ˆÏá ï˛yˆÏòÓ˚ í˛zmï≈˛˛õe !l¡¨Ó˚)˛õ /
Liabilities Rs. Assets Rs.

Capital Accounts X 1,50,000 Machinery 2,40,000
Y 90,000 Furniture 46,000
Z 60,000 Stock 30,000
General Reserve 60,000 Debtors 75000
Sundry Creditors 40,000 Less : Provision for
Doubtful debtful 6000 69,000
4,00,000 Cash at Bank 15,000
4,00,000

í˛z=˛ ï˛y!Ó˚ˆÏá !l¡¨!°!áï˛ ¢ˆÏï≈˛ y xÓ§Ó˚ @˝Ã•î ܲˆÏÓ˚ /ÈüüüÈ
ܲä Ê˛yˆÏÙ≈Ó˚ §%lyˆÏÙÓ˚ Ù)°ƒ ôÓ˚y •Î˚ 60,000 ê˛yܲy–
áä FurnitureÈüÈ~Ó˚ xÓã˛Î˚ ôyÎ≈ƒ ܲÓ˚y •Î˚ 10% ~ÓÇ MachineryÈüÈ~Ó˚ Ù)°ƒ 10% Ó,!Âô ܲÓ˚y •Î˚–
àä Provision for Doubtful debtˆÏܲ Óy!í˛¸ˆÏÎ˚ 9000 ê˛yܲy ܲÓ˚y •Î˚–
âä y ~Ó˚ ≤Ãy˛õƒ ê˛yܲy ï˛y•yÓ˚ Loan A/c ~Ó˚ fiÌylyhs˝!Ó˚ï˛ Ü˛Ó˚y •ˆÏÓ–
.ä x ~ÓÇ y ÓƒÓ§y ã˛y!°ˆÏÎ˚ ÎyˆÏÓ ~ÓÇ Ë˛!Ó£Ïƒï˛ °y˲ «˛!ï˛ 3:2 xl%˛õyˆÏï˛ Ë˛yà ܲˆÏÓ˚ ˆlÓ–
Revauation A/c ~ÓÇ Partners Capital A/c ˜ï˛!Ó˚ ܲÓ˚–
30ä !l¡¨!°!áï˛ ï˛Ìƒ ˆÌˆÏܲ !lî≈Î˚ ܲˆÏÓ˚y ÈüÈ
Ü˛ä ˆÙyê˛ °y˲ xl%˛õyï˛ åáä Ùç%ï˛˛õîƒ xyÓï≈˛l xl%˛õyï˛ åàä l#ê˛ °y˲ xl%˛õyï˛ åâä ܲyÎ≈ܲÓ˚# xl%˛õyï˛–
Rs.
Revenue from operation 25,20,000
Net Profit 3,60,000
Cost of Revenue from Operation 19,20,000
Long term Debts 9,00,000
Trade Payables 2,00,000
Average Inventory 8,00,000
Current Assets 7,60,000
Fixed Assets 14,40,000
Current liabilities 6,00,000
Net profit before Interest & Tax 8,00,000

xÌÓy
!lˆÏ¡¨y=˛ xl%˛õyï˛à%!°Ó˚ ï˛yͲõÎ≈ !°á–
ܲä }îÈüÈÙy!°Ü˛yly xl%˛õyï˛
áä ܲyÎ≈ܲÓ˚ xl%˛õyï˛
àä ≤Ãy˛õƒ ˆòly xyÓï≈˛ xl%˛õyï˛
!Ó˲yà ÈüÈ . ı ≤Ã!ï˛!ê˛ ≤Èϟ¿Ó˚ Ùyl - 8 : 8 x 2 = 16

31ä A ~ÓÇ B ~ܲ!ê˛ xÇ¢#òyÓ˚# Ê˛yˆÏÙ≈Ó˚ xÇ¢#òyÓ˚– ï˛yˆÏòÓ˚ °y˲ «˛!ï˛ Órê˛ˆÏlÓ˚ xl%˛õyï˛ 3:2– 1°y çyl%Î˚yÓ˚# 2019 ï˛y!Ó˚ˆÏá
‘M’ ˆÜ˛ ˲!Ó£Ïƒï˛ °yˆÏ˲Ó˚ 1/5 xÇ¢ ˆòGÎ˚yÓ˚ ã%˛!=˛ˆÏï˛ l)ï˛l xÇ¢#òyÓ˚ !•§yˆÏÓ @˝Ã•î ܲÓ˚°–
xÇ¢#òyÓ˚ @˝Ã•ˆÏîÓ˚ ï˛y!Ó˚ˆÏá Ê˛yˆÏÙ≈Ó˚ í˛zmï≈˛˛õe !SÈ° ~•z Ó˚)˛õ /
Liabilities Rs. Assets Rs.
Sundry Creditors 88,000 Cash in hand 16,500
Workmen’s Compensation Fund 20,000 Sundry Debtors 50,000
Outstanding Expesses 10,000 Bills Receivables 8000
Capital Accrents Stock 30,000
A: 54,000 Furniture 25,500
B: 36,000 Land & Building 60,000
2,08,000 Profit & Loss A/c 18,000
2,08,000

!l¡¨!°!áï˛ ¢ˆÏï≈˛ ‘M’ xÇ¢#òyÓ˚ !•§yˆÏÓ Ê˛yˆÏÙ≈ ˆÎyàòyl ܲÓ˚ˆÏ°y–
ܲä M Ù)°ôl ÓyÓò 27000 ê˛yܲy ~ˆÏl!SÈ°–
áä §%lyˆÏÙÓ˚ !≤Ã!ÙÎ˚yÙ ÓyÓò ˆ§ xyˆÏÓ˚y 12000 ê˛yܲy ≤Ãòyl ܲˆÏÓ˚!SÈ°–
àä ◊!Ùܲ «˛!ï˛˛õ)Ó˚î ï˛•!ӈϰÓ˚ í˛z˛õÓ˚ òy!ÓÓ˚ ˛õ!Ó˚Ùyî 12000 ê˛yܲy ܲÓ˚ˆÏï˛ •ˆÏÓ–
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D x!ï˛!Ó˚=˛ ≤ß¿yÓ°#

MODEL QUESTION

Class - XII : Accountancy : 80 Marks : 2020-2021
Group- A : Each Question Carries 1 Mark : 1x20
A) Choose the correct option : 1x5
1. Main source of income of non profit-organisation are –––
a) subcription of the members.
b) Grants-in-aid
c) Income from Investment
d) All of the above.
2. The current account of partners are to be opened when capital account is under –
a) Fixed Method (b) Both fixed and Fluctuating Method
(c) Fluctuating Method (d) All of the above.
3. Causes of reconstruction of partnership firm is ––
a) admission of new partner
b) Retirement of a partner
c) Death of partner
d) All of the above.
4. x, y and z are partners sharing profit in the ratio of 3:2:1. y retired. The new profit sharing ratio
between x and z will be –––
a) 1:1 (b) 3:1 (c) 5:3 (d) 2:1
5. Sacrificing ratio is –––
a) New ratio (b) Old ratio (c) New ratio - Old ratio (d) Old ratio - New ratio.
B) Answer the following question in one word/ sentence : 1x15
6. What is the main objective of the non-profit organisation ?
7. What is partnership seed ?
8. What is distributable profit ?
9. Why sacrificing ratio is calculated in a partnership business ?
10. What is hidden good will ?
11. What is authorised capital ?
12. What is sacrificing ratio ?
13. What is financial statement ?
14. What is balance sheet ?
15. What is common size statement ?
16. What is Partnership Capital ?
17. What is nominal capital ?
18. What is ratio ?
19. What is solvency ratio ?
20. What is goodwill ?

Group-B : Each Questions Carries 3 Marks : 3x2=6
21. The following particulars are available from one books of Shankti Sangha. Pepare a receipts and
payments account for the year ended 31st March, 2020.

Particular Rs. Particular Rs.
Cash in hand 280 Donation 1000
Subscription 3,000 Electricity 135
Admission Fee 200 Rent paid in Advance 100
Salaries 1,700 Sports Material 300
Rent 1,300 Entertainment Express 60
Purchases of Furniture from
Dey & Sons 800
Sale of old News paper 205
Paid to Dey & Sons 300 Salaries outstanding 180

* OR
Write the differences between Income and Expenditure Account and Profit & Loss Account.
22. Calculate Current ratio and Quick ratio from the following information :
Inventories Rs. 50,000; Trade receivable Rs. 50,000
Advance Tax Rs. 4000; Cash hand cash equivalents Rs. 30,000
Bills payable Rs. 1,00,000; Bank overdraft Rs. 4000.
*OR
Write the advantage of ratio analysis.
Group-C : Each Question Carries 4 Marks : 4x5=20
23. Amal and Bimal are partners is a firm sharing profit & loses in the ratio of 2:3. On 1st April 2019
their capitals were Rs. 60,000 and Rs. 80,000 repectively. They earned profit of Rs. 45,000 during
the year. According to Partnership Deed both partners are entitled to monthly salary @ 2% of their
invested capital and Interest on capital @ 6% p.a. Prepare partners Capital A/c under Fixed method.
* OR
Arup and Anup are partners in a firm sharing profit-losses in the ration of 4:1 on 1st April 2019 Their
capital were Rs. 1.50.000 and Rs. 1,20,000 respectively. The Profits Loss A/c of the firm for year
ended 31st march 2020 showed a net profit-of Rs. 2,20,500 you are requried to prepare Profit &
Loss Appropriation account of the firm after taking into consideration the following adjustments–
i) Inerest on Capital @ 6%p.a
ii) Interest on Arup’s Loan A/c of Rs. 1,00,000 for the whole year .
iii) Inerest on drawings of partners at 6% p.a. Drawings were, Arup Rs. 30,000, Anup Rs. 20,000.
iv) Anup is to receive commission @ 5% on net profit after such commission.
v) Transfer 10% of the distributable profit before distribution to the reserve fund of the firm.

24. x and y are partners in a firm sharing Profit & Losses in the ratio of 3:2. They take z into partnership
who will get 1/5th of the future profit. x and y will get profit as equal share. Find out the new Profit &
Loss sharing ratio and sacrificing ratio.

OR
A and B are sharing profit in the ratio of 3:2. They admit C for 20% share of profit. C pays necessary
amounts of goodwill. New profit sharing ratio is 2:2:1. Goodwill already appears at Rs. 6000. Goodwill
of the firm valued at Rs. 10,000. Give Journal entries in connection with Goodwill.

25. P, Q and R are partners sharing Profit & Losses in the ratio of 3:2:1 . Q retires and the goodwill is
valued at Rs. 1,05,000. P and R decides to share future profits in the ratio of 4:3.Give journal entires in
the books of P, Q and R when goodwill appears in the balance sheet at Rs. 42000.

26. X Ltd. forfeited 2000 shares of Rs. 100 each fas non payment of final call of Rs. 20 per share.
Application money of Rs. 30 per share and allotment money of Rs. 60 per share (in cluding premium of
Rs. 10 per share) was received by the company. Out of these forfeited shares, 800 shares were re-issued
at a discount of Rs. 10 per share.
Pass necessary Jounral entries in the books of the company for forfeiture and reissue of shares.

27ä From the following information prepare a suitable comparative statement of Profit & Loss for the
year ended 31st March 2020.
Particular 31.3.2019 31.3.2020
Revenue from operation 10,00,000 13,00,000
Employees benefit Expenses 5,00,000 8,00,000
Other Expensses 2,00,00 1,20,000
Tax Rate 40%

* OR

Discuss the tools of Analysis of Financial Statement.
Group-D : Each Question Carries 6 marks : 6x3=18

28. Burdwan Cricket Club- prepared the following Receipts and Payments Account for the year ended
31st Dec. 2019
Receipts Rs. Payments Rs.
To Balance b/d 3,800 By Sports Equipments 10,000
Subcription: 2018 1,000 (Purchased on 1.9.2019)
2019 18,500 Salaries & wages 3,000
2020 1,200 Printing 300
Interest on Govt. Electricity 500
Securities @ 5% on cost 500 Tournament Expresses 6,500
Entrance Fees 2500 Balance c/d 7,200
27,500 27,500
Fixed asset of the club on 01.01.2019 included the followings. Sports equipments Rs. 15,500;
Clubs ground Rs. 7000, Furniture Rs. 200.
You are required to prepare Income and Expenditure Account for the year ended 31st Dec.

2019 and a Balance sheet as on that date after considering the following :
i) Subscription for 2019 collected in 2018 Rs. 500
ii) Subscription for 2019 still to be collected Rs. 300.
iii) Depreciation to be provided @ 20% p.a. on sprots equipment and @ 5% p.a. on furniture.
OR
Write the difference between non-profit-seeking organisation and profit seeking organisation.

29. x, y and z are partners sharing Profit & Losses in the ratio of 5:3:2 respectively. The Balance sheet
of the firm as on 31st Dec 2019 as follows :
Liabilities Rs. Assets Rs.
Capital Accounts X 1,50,000 Machinery 2,40,000
Y 90,000 Furniture 46,000
Z 60,000 Stock 30,000
General Reserve 60,000 Debtors 75000
Sundry Creditors 40,000 Less : Provision for
Doubtful debtful 6000 69,000
4,00,000 Cash at Balance 15,000
4,00,000

Y retires on that date subject to the following conditions :
i) The goodwill of the firm valued at Rs. 60,000
ii) Furniture is to be depreciated by 10% and machinary is to be appreciated by 10%.
iii) Provision for Doubtful debts is to be increased to Rs. 9000.
iv) Amount due to y is to be trnasferred to this Loan A/c.
v) X and Z agreed to continue the business and share the future profits and losses in the ratio of 3:2.
Show Revaluation Account and Partners Capital A/c.

30. From the follwoing information calculate :
i) Gross profit ration (ii) Inventory Turnover ratio
(iii) Net profit ration (iv) Working capital ration.
Rs.
Revenue from operation 25,20,000
Net Profit 3,60,000
Cost of Revenue from Operation 19,20,000
Long term Debts 9,00,000
Trade Payables 2,00,000
Average Inventory 8,00,000
Current Assets 7,60,000
Fixed Assets 14,40,000
Current liabilities 6,00,000
Not profit before Interest & Tax 8,00,000

OR
Write the significance of the following ratios
i) Debt equity ratio ii) Operating ratio (iii) Debtors turnover ratio.

Group-E : Each Question Carries 8 Marks : 8x2=16

31. A and B were partners in a firm sharing Profit& Losses in the ratio 3:2. They admit ‘M’ as a partner
on 1st January 2019 for 1/5th share of future profit. On the date of admission the Balance sheet of the
firm was as follows :
Liabilities Rs. Assets Rs.
Sundry Creditors 88,000 Cash in hand 16,500
Workmen’s Compensation Fund 20,000 Sundry Debtors 50,000
Outstanding Expenses 10,000 Bills Receivables 8000
Capital Accunnts stock 30,000
A: 54,000 Furniture 25,500
B: 36,000 Land & Building 60,000
2,08,000 Profit & Loss A/c 18,000
2,08,000
Terms of M’s admissio are as follows :
i) Brought Rs. 27000 as capital.
ii) He also paid Rs. 12000 as premium for goodwill.
iii) Claim on account of workmen’s compensation fund is Rs. 12000
iv) Furniture is to be appreciated by Rs. 3000 and value of stock to be reduced by 10%.
v) Make provision for bad debt @ 5% on debtors.
Pass necessary Journal entries and prepare new Balance sheet of the firm.
OR
i) Name the methods of computation of Goodwill.
ii) What are the factors usually taken into consideration in computing the value of goodwill?
32. X Ltd. issued 20,000 equity shares of Rs. 100 each at 10% premium for public subscription. The
amount was payable per share as follows :
on application of Rs. 20, on allotment Rs. 60 (including premium) on 1st and Final Call Rs. 30.
Applications for 30,000 share were received and 20,000 shares only were duly allotted. The
application money on 5000 share were refunded. Exceass application money on 5000 shared were
adjustment on allotment dues. The company received all the calls money except 800 shares of 1st &
final call. These share were forfeited and re-issued at Rs. 90 per share.
Show necessary Journal entries in the books of the company.
OR
i) What is meant by Buy-back of shares ?
ii) Briefly explain what is meant by issue of share at par, at a premium and at a discount.

* Additional Question