CBSE Class 12 Accountancy Question Paper 2020 Set 67-1-2

H$moS> Z§.
Code No. 67/1/2
amob Z§. narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
Roll No. >na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.

ZmoQ> NOTE
(I) H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV (I) Please check that this question
n¥ð> 31 h¢ & paper contains 31 printed pages.

(II) àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE H$moS (II) Code number given on the right
>Zå~a H$mo N>mÌ CÎma-nwpñVH$m Ho$ _wI-n¥ð> na hand side of the question paper
{bI| & should be written on the title page of
the answer-book by the candidate.
(III) H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| (III) Please check that this question
>32 àíZ h¢ & paper contains 32 questions.

(IV) H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go (IV) Please write down the Serial
nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Number of the question in the
Adí` {bI| & answer-book before attempting it.
(V) Bg àíZ-nÌ H$mo n‹T>Zo Ho$ {bE 15 {_ZQ >H$m (V) 15 minute time has been allotted to
g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU read this question paper. The
nydm©• _| 10.15 ~Oo {H$`m OmEJm & question paper will be distributed
10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db at 10.15 a.m. From 10.15 a.m. to
10.30 a.m., the students will read the
àíZ-nÌ H$mo n‹T>|Jo Am¡a Bg Ad{Y Ho$ Xm¡amZ question paper only and will not
do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo & write any answer on the
answer-book during this period.

boImemñÌ
ACCOUNTANCY

{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80
Time allowed : 3 hours Maximum Marks : 80

.67/1/2 1 P.T.O.

gm_mÝ` {ZX}e :
{ZåZ{b{IV {ZX}em| H$mo ~hþV gmdYmZr go n{‹T>E Am¡a CZH$m nyar Vah go nmbZ H$s{OE :
(i) àíZ-nÌ Xmo ^mJm| _§| {d^m{OV {H$`m J`m h¡ – ^mJ H$ Ed§ ^mJ I & Bg àíZ-nÌ _|
32 àíZ h¢ & g^r àíZ A{Zdm`© h¢ &
(ii) ^mJ H$ g^r narjm{W©`m| Ho$ {bE A{Zdm`© h¡ &
(iii) ^mJ I _| Xmo {dH$ën {XE JE h¢ (1) {dÎmr` {ddaUm| H$m {díbofU VWm (2) A{^H${bÌ
boIm§H$Z & Bg_| {XE JE {dH$ënm| _| go Amn {H$gr EH$ {dH$ën Ho$ àíZm| Ho$ CÎma {b{IE &
(iv) M`{ZV {dH$ën Ho$ àíZm| H$m CÎma Amaå^ H$aZo go nyd© CÎma-nwpñVH$m na M`Z {H$E JE
{dH$ën H$m erf©H$ Adí` {b{IE &
(v) àíZ g§»`m 1 go 13 VWm 23 go 29 VH$ A{V bKw-CÎmar` àH$ma Ho$ àíZ h¢, àË`oH$ àíZ
1 A§H$ H$m h¡ &
(vi) àíZ g§»`m 14 Am¡a 30 VH$ bKw-CÎmar` àH$ma–I Ho$ àíZ h¢, àË`oH$ àíZ 3 A§H$m| H$m h¡ &
(vii) àíZ g§»`m 15 go 18 VWm 31 bKw-CÎmar` àH$ma–II Ho$ àíZ h¢, àË`oH$ àíZ 4 A§H$m| H$m h¡ &
(viii) àíZ g§»`m 19, 20 VWm 32 XrK©-CÎmar` àH$ma–I Ho$ àíZ h¢, àË`oH$ àíZ 6 A§H$m| H$m h¡ &
(ix) àíZ g§»`m 21 Am¡a 22 XrK©-CÎmar` àH$ma–II Ho$ àíZ h¢, àË`oH$ àíZ 8 A§H$m| H$m h¡ &
(x) CÎma g§{já VWm q~Xþdma hmoZo Mm{hE & {H$gr ^mJ> Ho$ g^r àíZm| Ho$ CÎma EH$ hr ñWmZ na
{bIo OmZo Mm{hE &
(xi) H$moB© g_J« {dH$ën Zht h¡ & hmbm§{H$ VrZ-VrZ A§H$m| dmbo 2 àíZm| _§o, Mma-Mma$ A§H$m| dmbo
2 àíZm| _§o, N>:-N>: A§H$m| dmbo 1 àíZ _§o Am¡a AmR>-AmR> A§H$m| dmbo 2 àíZm| _§o Am§V[aH$
{dH$ën {X`m J`m h¡ & AmnH$mo Eogo àíZm| _| Ho$db EH$ hr {dH$ën H$m CÎma XoZm h¡ &
(xii) BgHo$ A{V[aº$, Amdí`H$VmZwgma, àË`oH$ ^mJ> Am¡a àíZ Ho$ gmW AbJ-AbJ `Wmo{MV
{ZX}e {XE JE h¢ &
^mJ> H$
(Abm^H$mar g§JR>Zm|, gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
1. df© Xa df© hm{Z hmoVo hþE ^r \$_© Ho$ gmPoXmam| Ho$ ñWm`r ny±Or ImVo O_m eof Š`m| Xem©Vo h¢ ? 1

2. {_bZ, {IbZ VWm {gb_ gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV _§o bm^ ~m±Q>Vo
Wo & 1 Aà¡b, 2019 go CÝhm|Zo ^{dî` Ho$ 7 : 5 : 3 Ho$ AZwnmV _§o bm^ ~m±Q>Zo H$m {ZU©`
{H$`m & n[agån{Îm`m| VWm Xo`VmAm| Ho$ nwZ_y©ë`m§H$Z Ho$ níMmV², nwZ_y©ë`m§H$Z ImVm
< 15,000 H$s hm{Z Xem© ahm Wm & nwZ_y©ë`m§H$Z na hþB© hm{Z Ho$ H$maU {_bZ Ho$ ny±Or ImVo
Ho$ Zm_ nj _| IVm¡Zr H$s OmZo dmbr am{e hmoJr : 1
(A) < 15,000
(B) < 6,000
(C) < 7,000
(D) < 5,000
.67/1/2 2

General Instructions :
Read the following instructions very carefully and strictly follow them :
(i) This question paper comprises two Parts – A and B. There are
32 questions in the question paper. All questions are compulsory.
(ii) Part A is compulsory for all candidates.
(iii) Part B has two options i.e. (1) Analysis of Financial Statements and
(2) Computerized Accounting. You have to attempt only one of the given
options.
(iv) Heading of the option opted must be written on the Answer-Book before
attempting the questions of that particular OPTION.
(v) Question nos. 1 to 13 and 23 to 29 are very short answer type questions
carrying 1 mark each.
(vi) Question nos. 14 and 30 are short answer type–I questions carrying
3 marks each.
(vii) Question nos. 15 to 18 and 31 are short answer type–II questions carrying
4 marks each.
(viii) Question nos. 19, 20 and 32 are long answer type–I questions carrying
6 marks each.
(ix) Question nos. 21 and 22 are long answer type–II questions carrying
8 marks each.
(x) Answers should be brief and to the point. The answer of each part should
be written at one place.
(xi) There is no overall choice. However, an internal choice has been provided
in 2 questions of three marks, 2 questions of four marks, 1 question of six
marks and 2 questions of eight marks. You have to attempt only one of the
choices in such questions.
(xii) However, separate instructions are given with each part and question,
wherever necessary.
PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)
1. Why does the Fixed Capital Account of partners show credit balance even
when the firm suffers losses year after year ? 1
2. Milan, Khilan and Silam were partners sharing profits in the ratio of
2 : 2 : 1. They decided to share future profits in the ratio of 7 : 5 : 3 with
effect from 1st April, 2019. After the revaluation of assets and
re-assessment of liabilities, Revaluation Account showed a loss of
< 15,000. The amount to be debited in the capital account of Milan
because of loss on revaluation will be : 1
(A) < 15,000
(B) < 6,000
(C) < 7,000
(D) < 5,000
.67/1/2 3 P.T.O.

3. Eogr {H$gr EH$ _X H$m Zm_ ~VmBE {OgH$m ñWmZmÝVaU EH$ gmPoXmar \$_© Ho$ {dKQ>Z Ho$
g_` dgybr ImVo Ho$ O_m nj _| {H$`m OmVm h¡, naÝVw CgHo$ {bE H$moB© ZJX ^wJVmZ Zht
{H$`m OmVm & 1
4. {ZåZ _§| go H$m¡Z-gm H$WZ ‘g§{MV ny±Or’ go gå~pÝYV Zht h¡ : 1
(A) `h EH$ H$ånZr H$s A`m{MV ny±Or H$m ^mJ h¡ &
(B) BgH$m Cn`moJ H$ånZr Ho$ OrdZH$mb _| Zht {H$`m Om gH$Vm h¡ &
(C) BgH$m Cn`moJ ny±OrJV hm{Z`m| H$mo An{b{IV H$aZo Ho$ {bE {H$`m Om gH$Vm h¡ &
(D) `h A{^XÎm ny±Or H$m ^mJ h¡ &
5. nr VWm Š`y EH$ \$_© Ho$ gmPoXma Wo VWm 5 : 3 Ho$ AZwnmV _§o bm^ ~m±Q>Vo Wo & Ama H$mo bm^
_| 1 d§o ^mJ Ho$ {bE àdoe {X`m J`m, Omo CgZo 75% nr go VWm eof Š`y go {b`m & nr VWm
4
Š`y Ho$ Ë`mJ AZwnmV H$s JUZm H$s{OE & 1
6. EH$ G$UnÌ Ho$ A§{H$V _yë` na CgHo$ {ZJ©{_V _yë` H$m Am{YŠ` _______ H$hbmVm h¡ & 1
7. H$, I VWm J EH$ \$_© Ho$ gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV _§o bm^ ~m±Q>Vo Wo & J Zo
AdH$me J«hU {H$`m & g§M`m|, EH${ÌV bm^m|/hm{Z`m| VWm n[agån{Îm`m| Ed§§ Xo`VmAm| Ho$
nwZ_y©ë`m§H$Z Ho$ g_m`moOZm| Ho$ níMmV² CgHo$ ny±Or ImVo _| < 4,40,000 H$m eof Wm & J H$mo
< 5,00,000 H$m ^wJVmZ {H$`m J`m {Og_| CgHo$ »`m{V H$m ^mJ ^r gpå_{bV Wm & CgHo$
ny±Or ImVo Ho$ O_m nj _| »`m{V Ho$ {bE H$s JB©> IVm¡Zr H$s am{e Wr : 1
(A) < 60,000
(B) < 3,00,000
(C) < 1,00,000
(D) < 12,000
8. amohZ, _mohZ VWm gmohZ gmPoXma Wo VWm bm^ ~am~a-~am~a ~m±Q>Vo Wo & gmPoXmar \$_© Ho$
{dKQ>Z Ho$ g_`, amohZ Ûmam \$_© H$mo {XE JE G$U H$s IVm¡Zr : 1
(A) amohZ Ho$ ny±Or ImVo Ho$ O_m nj _| H$s OmEJr &
(B) dgybr ImVo Ho$ Zm_ nj _| H$s OmEJr &
(C) dgybr ImVo Ho$ O_m nj _| H$s OmEJr &
(D) ~¢H$ ImVo Ho$ O_m nj _| H$s OmEJr &
9. amhþb, gm{hb VWm O{VZ EH$ \$_© Ho$ gmPoXma Wo VWm 4 : 3 : 2 Ho$ AZwnmV _o| bm^-hm{Z
~m±Q>Vo Wo & 15 AŠQy>~a, 2017 H$mo amhþb H$s _¥Ë`w hmo JB© & Cg g_` g^r g_m`moOZm| Ho$
níMmV² gm{hb VWm O{VZ H$s ny±{O`m± H«$_e: < 3,56,000 VWm < 2,44,000 Wt & Mmby
ImVo ImobH$a gm{hb VWm O{VZ Zo AnZr ny±{O`m| H$mo ZE bm^ {d^mOZ AZwnmV Ho$ AZwgma
g_m`mo{OV H$aZo H$m {ZU©` {b`m & gm{hb VWm O{VZ H$s ZB© ny±{O`m| H$s JUZm H$s{OE & 1

.67/1/2 4

3. Name an item which is transferred to credit side of Realisation Account
at the time of dissolution of partnership firm, but does not involve cash
payment. 1
4. Which of the following statements does not relate to ‘Reserve Capital’ : 1
(A) It is part of uncalled capital of a company.
(B) It cannot be used during the lifetime of a company.
(C) It can be used for writing off capital losses.
(D) It is part of subscribed capital.

5. P and Q were partners in a firm sharing profits in the ratio of 5 : 3. R was
1
admitted for th share in the profits, of which he took 75% from P and
4
the remaining from Q. Calculate the sacrificing ratio of P and Q. 1
6. Excess of issue price of a debenture over its face value is called ________ . 1
7. A, B and C were partners in a firm sharing profits in the ratio of 2 : 2 : 1.
C retired. The balance in this capital account after adjustments
regarding reserves, accumulated profits/loss and revaluation of assets
and liabilities was < 4,40,000. C was paid < 5,00,000 including his share
of goodwill. The amount that was credited to his capital account on
account of goodwill was : 1
(A) < 60,000
(B) < 3,00,000
(C) < 1,00,000
(D) < 12,000
8. Rohan, Mohan and Sohan were partners sharing profits equally. At the
time of dissolution of the partnership firm, Rohan’s loan to the firm will
be : 1
(A) Credited to Rohan’s Capital Account.
(B) Debited to Realisation Account.
(C) Credited to Realisation Account.
(D) Credited to Bank Account.
9. Rahul, Sahil and Jatin were partners in a firm sharing profits and losses
in the ratio of 4 : 3 : 2. Rahul died on 15th October, 2017. At that time, the
capitals of Sahil and Jatin after all the adjustments were < 3,56,000 and
< 2,44,000 respectively. Sahil and Jatin decided to adjust their capital
according to their new profit sharing ratio by opening current accounts.
Calculate the new capitals of Sahil and Jatin. 1

.67/1/2 5 P.T.O.

10. EH$ Eogr _X H$m Zm_ ~VmBE {Ogo àm{á Ed§ ^wJVmZ ImVo Ho$ ^wJVmZ nj _§o H$^r ^r
Xem©`m Zht OmVm, naÝVw Am` Ed§ ì`` ImVo Ho$ Zm_ nj _§o Xem©`m OmVm h¡ & 1
11. {X`m, [a`m VWm {V`m gmPoXma Wt VWm 2 : 3 : 5 Ho$ AZwnmV _o| bm^-hm{Z ~m±Q>Vr Wt &
28 Zdå~a, 2019 H$mo {V`m H$s _¥Ë`w hmo JB© & bm^ _| CgHo$ ^mJ H$mo {X`m VWm [a`m Zo
~am~a-~am~a bo {b`m & ZB© \$_© _| {X`m Ho$ bm^ H$m ^mJ _________ hmoJm & 1
12. _moZm VWm Q>rZm EH$ \$_© H$s gmPoXma Wt VWm 3 : 2 Ho$ AZwnmV _oo bm^ ~m±Q>Vr Wr§ & Z¡Zm
H$mo \$_© Ho$ bm^m| _| 1 d| ^mJ Ho$ {bE àdoe {X`m J`m & àdoe Ho$ g_`, \$_© Ho$ pñW{V
6
{ddaU _| H$m_Jma j{Vny{V© g§M` < 32,000 H$m eof Xem© ahm Wm & H$m_Jma j{Vny{V© H$m
Xmdm < 40,000 {ZYm©[aV {H$`m J`m & g§M` go Xmdo Ho$ Am{YŠ` H$s IVm¡Zr : 1
(A) nwZ_y©ë`m§H$Z ImVo Ho$ O_m nj _| H$s OmEJr &
(B) nwZ_y©ë`m§H$Z ImVo Ho$ Zm_ nj _| H$s OmEJr &
(C) nwamZo gmPoXmam| Ho$ ny±Or ImVm| Ho$ O_m nj _| H$s OmEJr &
(D) nwamZo gmPoXmam| Ho$ ny±Or ImVm| Ho$ Zm_ nj _| H$s OmEJr &
13. gZ VWm ñQ>ma EH$ \$_© Ho$ gmPoXma Wo VWm 2 : 1 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo & _yZ H$mo \$_©
_| EH$ ZE gmPoXma Ho$ ê$n _| àdoe {X`m J`m & Z`m bm^ {d^mOZ AZwnmV 3 : 3 : 2 Wm &
_yZ AnZr »`m{V Ho$ ^mJ VWm AnZr ny±Or Ho$ {bE {ZåZ n[agån{Îm`m± bm`m :
<
_erZar 2,00,000
\$ZuMa 1,20,000
ñQ>m°H$ 80,000
ZJX 50,000
`{X CgH$s ny±Or < 3,80,000 _mZ br OmE, Vmo \$_© H$s »`m{V hmoJr : 1
(A) < 70,000
(B) < 2,80,000
(C) < 4,50,000
(D) < 1,40,000
14. EH$ IobHy$X Šb~ Ho$ {dÎmr` {ddaUm| H$mo V¡`ma H$aVo g_` {ZåZ _Xm| H$m boIm H¡$go {H$`m
OmEJm ? 3
{ddaU am{e
<
nwañH$ma {Z{Y 44,000
nwañH$ma {Z{Y {Zdoem| na ã`mO 6,000
{XE JE nwañH$ma 46,000
_¡M ì`` 64,000
nwañH$ma {Z{Y {Zdoe 44,000
AWdm
.67/1/2 6

10. Name an item that is never shown on the payment side of Receipts and
Payments Account, but is shown on the debit side of the Income and
Expenditure Account. 1
11. Diya, Riya and Tiya were partners sharing profits and losses in the ratio
of 2 : 3 : 5. Tiya died on 28th November, 2019. Her share of profit was
taken equally by Diya and Riya. Diya’s share of profit in the new firm
will be _________ . 1
12. Mona and Tina were partners in a firm sharing profits in the ratio of
1
3 : 2. Naina was admitted with th share in the profits of the firm. At
6
the time of admission, Workmen’s Compensation Reserve appeared in the
Balance Sheet of the firm at < 32,000. The claim on account of workmen’s
compensation was determined at < 40,000. Excess of claim over the
reserve will be : 1
(A) Credited to Revaluation Account.
(B) Debited to Revaluation Account.
(C) Credited to old partner’s Capital Account.
(D) Debited to old partner’s Capital Account.
13. Sun and Star were partners in a firm sharing profits in the ratio of 2 : 1.
Moon was admitted as a new partner in the firm. New profit sharing
ratio was 3 : 3 : 2. Moon brought the following assets towards his share of
goodwill and his capital :
<
Machinery 2,00,000
Furniture 1,20,000
Stock 80,000
Cash 50,000
If his capital is considered as < 3,80,000, the goodwill of the firm will be : 1
(A) < 70,000
(B) < 2,80,000
(C) < 4,50,000
(D) < 1,40,000
14. How would the following items be treated while preparing the financial
statements of a sports club ? 3
Amount
Particulars
<
Prize Fund 44,000
Interest on Prize Fund Investments 6,000
Prizes Awarded 46,000
Match Expenses 64,000
Prize Fund Investments 44,000
OR
.67/1/2 7 P.T.O.

EH$ Y_m©W© Am¡fYmb` go gå~pÝYV {ZåZ gyMZm go 31 _mM©, 2019 H$mo g_má hwE df© Ho$
{bE Am` Ed§ ì`` ImVo _| Xem©B© OmZo dmbr df© Ho$ Xm¡amZ Cn^moJ H$s JB© XdmB`m| H$s am{e
H$s JUZm H$s{OE : 3

{ddaU am{e
<
1.4.2018 H$mo XdmB`m| H$m ñQ>m°H$ 60,000
1.4.2018 H$mo XdmB`m| Ho$ boZXma 40,000
31.3.2019 H$mo XdmB`m| H$m ñQ>m°H$ 10,000
31.3.2019 H$mo XdmB`m| Ho$ boZXma 25,000
31.3.2019 H$mo XdmB`m| Ho$ {bE A{J«_ 22,000
df© Ho$ Xm¡amZ XdmB`m| H$m CYma H«$` 2,76,000
df© Ho$ Xm¡amZ XdmB`m| H$m ZJX H«$` 46,500

15. amo{ZV ñQ>mBëg {b{_Q>oS> < 100 àË`oH$ Ho$ g_Vm A§em| _§o {d^º$ < 85,00,000 H$s ny±Or
go n§OrH¥$V Wr & H$ånZr Zo 45,000 A§em| Ho$ {ZJ©_Z Ho$ {bE AmdoXZ Am_pÝÌV {H$E &
am{e {ZåZ àH$ma go Xo` Wr :
AmdoXZ na – < 25, Am~§Q>Z na – < 35, àW_ `mMZm na – < 25 VWm ApÝV_ `mMZm
na – eof am{e &
42,000 A§em| Ho$ {bE AmdoXZ àmá hþE VWm g^r AmdoXH$m| H$mo A§em| H$m Am~§Q>Z H$a {X`m
J`m & H${d, {Ogo 3,300 A§em| H$m Am~§Q>Z {H$`m J`m Wm, XmoZm| `mMZmAm| H$m ^wJVmZ
H$aZo _| Ag\$b ahm & CgHo$ A§em| H$m haU H$a {b`m J`m &
H$ånZr A{Y{Z`_, 2013 H$mo AZwgyMr III Ho$ AZwgma H$ånZr H$s A§e ny±Or H$mo H$ånZr Ho$
pñW{V {ddaU _| àX{e©V H$s{OE & 4
16. _Zw, gmoZy VWm Q>moZr EH$ \$_© Ho$ gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo &
\$_© AnZr nwñVH|$ à{V df© 31 _mM© H$mo ~ÝX H$aVr h¡ & 31 OwbmB©, 2019 H$mo _Zw H$s
_¥Ë`w hmo JB© & CgHo$ {ZînmXH$ H$mo Xo` Wm :
(i) CgH$s ny±Or < 4,00,000 VWm »`m{V _| CgH$m ^mJ & \$_© H$s »`m{V H$m
_yë`m§H$Z < 96,000 {H$`m J`m &
(ii) _¥Ë`w H$s {V{W VH$ bm^ _| CgH$m ^mJ {OgH$s JUZm {nN>bo 3 dfm] Ho$ Am¡gV
bm^ Ho$ AmYma na H$s OmEJr &
(iii) {nN>bo VrZ dfm] H$m Am¡gV bm^ < 78,000 Wm &
(iv) ny±Or na ã`mO 6% dm{f©H$ Xa go &
(v) _¥Ë`w H$s {V{W VH$ CgHo$ AmhaU < 21,000 Wo &
CgHo$ {ZînmXH$m| H$mo àñVwV H$aZo Ho$ {bE _Zw H$m ny±Or ImVm V¡`ma H$s{OE & 4
.67/1/2 8

From the following information of a charitable dispensary, calculate the
amount of medicines consumed during the year that would appear in the
Income and Expenditure Account for the year ending 31st March, 2019 : 3
Amount
Particulars
<
Stock of medicines on 1.4.2018 60,000
Creditors for medicines 1.4.2018 40,000
Stock of medicines 31.3.2019 10,000
Creditors for medicines 31.3.2019 25,000
Advances for medicines 31.3.2019 22,000
Credit purchases of medicines during the year 2,76,000
Cash purchases of medicines during the year 46,500

15. Raunit Styles Ltd. was registered with a capital of < 85,00,000 divided
into equity shares of < 100 each. The company invited applications for
issuing 45,000 shares.
The amount was payable as < 25 on application, < 35 on allotment, < 25
on first call and balance on final call.
Applications were received for 42,000 shares and allotment was made to
all the applicants. Kavi, to whom 3,300 shares were alloted, failed to pay
both the calls. His shares were forfeited.
Present the Share Capital in the Balance Sheet of the company as per
Schedule III of the Companies Act, 2013. 4
16. Manu, Sonu and Tony were partners in a firm sharing profits in the ratio
of 5 : 3 : 2. The firm closes its books on 31st March every year. Manu died
on 31st July, 2019. His executor is entitled to :
(i) His capital < 4,00,000 and his share of goodwill. Goodwill of the
firm was valued at < 96,000.
(ii) His share of profit till the date of his death which will be calculated
on the basis of average profits of last 3 years.
(iii) Average profits of last 3 years were < 78,000.
(iv) Interest on capital @ 6% p.a.
(v) His drawings till the date of death were < 21,000.
Prepare Manu’s Capital Account to be rendered to his executors. 4

.67/1/2 9 P.T.O.

17. am_, _mohZ VWm gmohZ gmPoXma Wo VWm 2 : 1 : 1 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo & am_ Zo
àË`oH$ _mh < 3,000 H$m AmhaU {H$`m VWm _mohZ Zo àË`oH$ _mh < 4,000 H$m AmhaU
{H$`m & AmhaU na 6% dm{f©H$ Xa go ã`mO bJm`m J`m, O~{H$ gmPoXmar g§boI _| AmhaU
na ã`mO Ho$ {bE H$moB© àmdYmZ Zht Wm &
AnZo H$m`© H$mo ñnï> Xem©Vo hþE Ìw{Q> H$s ew{Õ Ho$ {bE Amdí`H$ g_m`moOZ à{d{ï> H$s{OE & 4
AWdm
`Xþ, {dXþ VWm amYy EH$ \$_© Ho$ gmPoXma Wo VWm 4 : 3 : 3 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo &
1 Aà¡b, 2018 H$mo CZH$s ñWm`r ny±Or H«$_e: < 9,00,000, < 5,00,000 VWm
< 4,00,000 Wr & 1 Zdå~a, 2018 H$mo `Xþ Zo \$_© H$mo < 80,000 H$m G$U {X`m &
gmPoXmar g_Pm¡Vo Ho$ AZwgma :
(i) gmPoXmam| H$mo ny±Or na 6% dm{f©H$ Xa go ã`mO Xo` Wm &
(ii) gmPoXmam| Ho$ AmhaU na 8% dm{f©H$ Xa go ã`mO bJmZm Wm &
df© 2018  19 Ho$ Xm¡amZ \$_© Zo < 2,53,000 H$m bm^ (`Xþ Ho$ G$U na ã`mO Ho$ níMmV²)
A{O©V {H$`m & df© ^a _| gmPoXmam| Ho$ AmhaU H$s am{e `Xþ : < 80,000,
{dXþ : < 70,000 VWm amYy : < 50,000 Wr &
31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE bm^-hm{Z {d{Z`moOZ ImVm V¡`ma H$s{OE & 4

18. amHo$e, am_ VWm amohZ gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo &
31 _mM©, 2018 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2018 H$mo amHo$e, am_ VWm amohZ H$m pñW{V {ddaU

Xo`VmE± am{e n[agån{Îm`m± am{e
< <
{d{dY boZXma 70,000 ^y{_ VWm ^dZ 3,50,000
amohZ H$m G$U 20,000 ñQ>m°H$ 3,00,000
lr_Vr amohZ H$m G$U 20,000 XoZXma 2,00,000
KQ>m : Sy>~V G$Um|
ny±Or : Ho$ {bE àmdYmZ 10,000 1,90,000
amHo$e 4,00,000 ZJX 70,000
am_ 3,00,000
amohZ 1,00,000 8,00,000
9,10,000 9,10,000

.67/1/2 10

17. Ram, Mohan and Sohan were partners sharing profits in the ratio of
2 : 1 : 1. Ram withdrew < 3,000 every month and Mohan withdrew
< 4,000 every month. Interest on drawings @ 6% p.a. was charged,
whereas the partnership deed was silent about interest on drawings.
Showing your working clearly, pass the necessary adjustment entry to
rectify the error. 4
OR
Yadu, Vidu and Radhu were partners in a firm sharing profits in the
ratio of 4 : 3 : 3. Their fixed capitals on 1st April, 2018 were < 9,00,000,
< 5,00,000 and < 4,00,000 respectively. On 1st November, 2018, Yadu
gave a loan of < 80,000 to the firm. As per the partnership agreement :
(i) The partners were entitled to an interest on capital @ 6% p.a.
(ii) Interest on partners’ drawings was to be charged @ 8% p.a.
The firm earned profits of < 2,53,000 (after interest on Yadu’s loan)
during the year 2018  19. Partners’ drawings for the year amounted to
Yadu : < 80,000, Vidu : < 70,000 and Radhu : < 50,000.
Prepare Profit and Loss Appropriation Account for the year ending
31st March, 2019. 4

18. Rakesh, Ram and Rohan were partners sharing profits in the ratio of
5 : 3 : 2. On 31st March, 2018, their Balance Sheet was as follows :
Balance Sheet of Rakesh, Ram and Rohan as at 31st March, 2018
Amount Amount
Liabilities < Assets <
Sundry Creditors 70,000 Land and Building 3,50,000
Rohan’s Loan 20,000 Stock 3,00,000
Mrs. Rohan’s Loan 20,000 Debtors 2,00,000
Less : Provision for
Capitals :
doubtful debts 10,000 1,90,000
Rakesh 4,00,000 Cash 70,000
Ram 3,00,000
Rohan 1,00,000 8,00,000
9,10,000 9,10,000

.67/1/2 11 P.T.O.

Cn`w©º$ {V{W H$mo {ZåZ{b{IV eVm] na \$_© H$m {dKQ>Z hmo J`m :
(i) ^y{_ Ed§ ^dZ VWm ñQ>m°H$ H$mo < 6,00,000 _| ~oMm J`m & XoZXmam| go nwñVH$ _yë`
H$m 10% H$_ dgyb hþE &
(ii) lr_Vr amohZ Ho$ G$U H$m {ZnQ>mZ Cgo < 22,000 H$m EH$ A{b{IV H$åß`yQ>a XoH$a
{H$`m J`m &
(iii) amHo$e Zo < 30,000 Ho$ EH$ boZXma Ho$ {ZnQ>mZ _| < 20,000 H$m ^wJVmZ {H$`m &
(iv) amohZ Ho$ G$U H$m nyU© {ZnQ>mZ < 18,500 na {H$`m J`m &
dgybr ImVm V¡`ma H$s{OE & 4

19. {dñQ>m Šb~ Ho$ {ZåZ{b{IV àm{á VWm ^wJVmZ ImVo go 31 _mM©, 2019 H$mo g_má hþE df©
Ho$ {bE Am` VWm ì`` ImVm V¡`ma H$s{OE :
31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE {dñQ>m Šb~ H$m àm{á VWm ^wJVmZ ImVm

àm{á`m± am{e ^wJVmZ am{e
< <
eof ZrMo bmE 5,000 doVZ 31,000
MÝXm : {~Obr ì`` 14,500
2017  18 11,600 _erZar (01.07.2018) 40,000
2018  19 73,000 8% {Zdoe 30,000
2019  20 8,000 92,600 eof ZrMo bo JE 5,100
nwamZo \$ZuMa H$m {dH«$`
800
(nwñVH$ _yë` < 2,000)
àdoe ewëH$ 22,000
{Zdoe na ã`mO 200
1,20,600 1,20,600

A{V[aº$ gyMZm :
(i) Šb~ Ho$ 50 gXñ` Wo VWm àË`oH$ gXñ` < 1,500 dm{f©H$ MÝXo H$m ^wJVmZ H$aVm
h¡ & 31 _mM©, 2018 H$mo AXÎm MÝXm < 15,000 Wm &
(ii) 31 _mM©, 2019 H$mo ~H$m`m doVZ < 4,000 Wm &
(iii) 8% {Zdoe 31 {Xgå~a, 2018 H$mo {H$E JE &
(iv) 1 Aà¡b, 2018 H$mo Šb~ Ho$ nmg < 1,00,000 H$s _erZar Wr & _erZar na
6% dm{f©H$ Xa go _yë`õmg bJmBE & 6

.67/1/2 12

The firm was dissolved on the above date on the following terms :
(i) Land and building and stock were sold for < 6,00,000. Debtors
were realised at 10% less than the book value.
(ii) Mrs. Rohan’s loan was settled by giving her an unrecorded
computer of < 22,000.
(iii) Rakesh paid off one of the creditors < 20,000 in settlement of
< 30,000.
(iv) Rohan’s loan was fully settled at < 18,500.
Prepare Realisation Account. 4
19. From the following Receipts and Payments Account of Vista Club,
prepare an Income and Expenditure Account for the year ended
31st March, 2019 :
Receipts and Payments Account of Vista Club for the year ended
31st March, 2019
Amount Amount
Receipts < Payments <
To Balance b/d 5,000 By Salaries 31,000
To Subscriptions : By Electricity Expenses 14,500
By Machinery
2017  18 11,600 40,000
(01.07.2018)
2018  19 73,000 By 8% Investments 30,000
2019  20 8,000 92,600 By Balance c/d 5,100
To Sale of old furniture
(Book value of < 2,000) 800

To Entrance Fees 22,000
To Interest on
200
Investment
1,20,600 1,20,600
Additional Information :
(i) The club had 50 members each paying an annual subscription of
< 1,500. Subscriptions in arrears on 31st March, 2018, were
< 15,000.
(ii) On 31st March, 2019, outstanding salaries were < 4,000.
(iii) 8% Investments were made on 31st December, 2018.
(iv) The club owned machinery of < 1,00,000 on 1st April, 2018.
Depreciate machinery @ 6% p.a. 6
.67/1/2 13 P.T.O.

20. (i) dmB© {b{_Q>oS> Zo B©.EŠg. {b{_Q>oS> H$s {ZåZ n[agån{Îm`m| H$m H«$` {H$`m :
< 60,00,000 H$s ^y{_ VWm ^dZ H$mo < 84,00,000 _|; < 40,00,000 Ho$ g§`§Ì
VWm _erZar H$mo < 36,00,000 _| &
H«$` à{V\$b < 1,10,00,000 Wm & B©.EŠg. {b{_Q>oS> Ho$ nj _| < 20,00,000
H$m EH$ {d{Z_` nÌ ñdrH$ma H$aHo$ VWm eof H$m < 100 àË`oH$ Ho$ 8% G$UnÌm|
H$mo 20% Ho$ àr{_`_ na {ZJ©{_V H$aHo$ ^wJVmZ {H$`m J`m &
dmB© {b{_Q>oS> H$s nwñVH$m| _| Cn`w©º$ boZXoZm| Ho$ {bE Amdí`H$ amoµOZm_Mm à{d{ï>`m±
H$s{OE &

(ii) O¡S> {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 2,00,000, 8% G$UnÌm| H$m {ZJ©_Z 6% Ho$ ~Å>o
na {H$`m & BZ G$UnÌm| H$m emoYZ 5 df© níMmV²² 10% àr{_`_ na {H$`m OmZm
Wm & am{e H$m ^wJVmZ {ZåZ àH$ma go Xo` Wm :
AmdoXZ na – < 50 à{V G$UnÌ VWm
Am~§Q>Z na – eof

O¡S> {b{_Q>oS> H$s nwñVH$m| _§o G$UnÌm| Ho$ {ZJ©_Z Ho$ {bE Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE & 3+3

AWdm

_hoe {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 20,000, 10% G$UnÌm| H$m {ZJ©_Z {H$`m &
31 _mM©, 2019 H$mo 8,000, 10% G$UnÌm| H$m emoYZ Xo` Wm & 31 _mM©, 2018 H$mo
H$ånZr Ho$ nmg G$UnÌ emoYZ g§M` ImVo _| < 4,40,000 H$m eof Wm &
1 Aà¡b, 2018 H$mo H$ånZr Zo G$UnÌ emoYZ {Zdoe _| Amdí`H$ am{e H$m {Zdoe {H$`m &

G$UnÌm| Ho$ emoYZ Ho$ {bE Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & G$UnÌm| na ã`mO H$s
à{d{ï>`m± Zht H$aZr h¡ & 6

.67/1/2 14

20. (i) Vayee Ltd. purchased the following assets of E.X. Ltd. :

Land and Building of < 60,00,000 at < 84,00,000; Plant and
Machinery of < 40,00,000 at < 36,00,000.

The purchase consideration was < 1,10,00,000. Payment was made
by accepting a Bill of Exchange in favour of E.X. Ltd. of
< 20,00,000 and remaining by issue of 8% debentures of < 100
each at a premium of 20%.

Record the necessary journal entries for the above transactions in
the books of Vayee Ltd.

(ii) Zed Ltd. issued 2,00,000, 8% debentures of < 100 each at a
discount of 6% redeemable at a premium of 10% after 5 years. The
amount was payable as follows :

On application – < 50 per debenture and

On allotment – balance

Record the necessary journal entries for the issue of debentures in
the books of Zed Ltd. 3+3

OR

Mahesh Ltd. had issued 20,000, 10% debentures of < 100 each.
8,000, 10% debentures were due for redemption on 31st March, 2019. The
company had a balance of < 4,40,000 in the Debenture Redemption
Reserve Account on 31st March, 2018. The company invested the required
amount in the Debenture Redemption Investment on 1st April, 2018.

Pass the necessary journal entries for redemption of debentures. Ignore
the entries for interest on debentures. 6

.67/1/2 15 P.T.O.

21. (i) Ama.nr. {b{_Q>oS> Zo ahr_ Ho$ < 10 àË`oH$ Ho$ < 3 à{V A§e àr{__` na {ZJ©{_V
{H$E JE 1,500 A§em| H$m haU Am~§Q>Z VWm àW_ `mMZm am{e H$m ^wJVmZ Zht
H$aZo na H$a {b`m & ahr_ Zo 3,000 A§em| Ho$ {bE AmdoXZ {H$`m Wm & BZ A§em|
na, am{e {ZåZ àH$ma go Xo` Wr :
AmdoXZ na – < 3 à{V A§e
Am~§Q>Z na (àr{_`_ g{hV) – < 5 à{V A§e
àW_ `mMZm na – < 3 à{V A§e
ApÝV_ `mMZm na – eof
ApÝV_ `mMZm am{e _m±Jr Zht JB© Wr & haU {H$E JE A§em| _| go 1,000 A§em| H$mo
< 8,500 nyU© àXÎm nwZ: {ZJ©{_V H$a {X`m J`m &
Ama.nr. {b{_Q>oS> H$s nwñVH$m| _| Cn`w©º$ boZXoZm| Ho$ {bE Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE &
(ii) _¡Šg {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 500 A§em| H$m haU < 20 à{V A§e H$s àW_
`mMZm VWm < 25 à{V A§e H$s A§{V_ `mMZm H$m ^wJVmZ Zht H$aZo na H$a
{b`m & BZ A§em| _| go 250 A§em| H$mo < 50 à{V A§e nyU© àXÎm nwZ: {ZJ©{_V H$a
{X`m J`m &
_¡Šg {b{_Q>oS> H$s nwñVH$m| _| A§em| Ho$ haU VWm nwZ:{ZJ©_Z Ho$ {bE Amdí`H$
amoµOZm_Mm à{d{ï>`m± H$s{OE & A§e haU ImVm ^r V¡`ma H$s{OE & 4+4
AWdm
H$ê$a {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 2,40,000 g_Vm A§em| H$mo < 4 à{V A§e Ho$ àr{_`_
na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e H$m ^wJVmZ {ZåZ àH$ma go {H$`m
OmZm Wm :
AmdoXZ na – < 4 à{V A§e (< 2 àr{_`_ g{hV)
Am~§Q>Z na – < 4 à{V A§e
àW_ VWm ApÝV_ `mMZm na – < 6 à{V A§e (< 2 àr{_`_ g{hV)
3,00,000 A§em| Ho$ {bE AmdoXZ àmßV hþE VWm g^r AmdoXH$m| H$mo AmZwnm{VH$ AmYma na
A§em| H$m Am§~Q>Z H$a {X`m J`m & AmdoXZ na àmá A{V[aº$ am{e H$m g_m`moOZ Am~§Q>Z na
Xo` am{e _| H$a {X`m J`m & g^r `mMZmE± _m±J br JBª VWm àmá hmo JBª Ho$db amo{hZr H$mo
N>mo‹S>H$a, Omo AnZo Amdo{XV 7,500 A§em| na Am~§Q>Z VWm àW_ Ed§ ApÝV_ `mMZm am{e
H$m ^wJVmZ H$aZo _| Ag\$b ahr & BZ A§em| H$m haU H$a {b`m J`m & ~mX _| haU {H$E
JE A§em| _| go 40% A§em| H$mo < 11 à{V A§e nyU© àXÎm nwZ:{ZJ©{_V H$a {X`m J`m &
H$ê$a {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & Ohm± Amdí`H$ hmo
AXÎm `mMZm ImVm VWm nyd©XÎm `mMZm ImVm Imo{bE & 8
.67/1/2 16

21. (i) R.P. Ltd. forfeited 1,500 shares of Rahim of < 10 each issued at a
premium of < 3 per share for non-payment of allotment and first
call money. Rahim had applied for 3,000 shares. On these shares,
amount was payable as follows :
On application – < 3 per share
On allotment (including premium) – < 5 per share
On first call – < 3 per share
On final call – Balance
Final call has not been called up. 1,000 of the forfeited shares were
reissued for < 8,500 as fully paid-up.
Record the necessary journal entries for the above transactions in
the books of R.P. Ltd.
(ii) Max Ltd. forfeited 500 shares of < 100 each for non-payment of
first call of < 20 per share and final call of < 25 per share. 250 of
these shares were re-issued at < 50 per share fully paid-up.
Pass the necessary journal entries in the books of Max Ltd. for
forfeiture and re-issue of shares. Also prepare the Share Forfeiture
Account. 4+4
OR
Karur Ltd. invited applications for issuing 2,40,000 equity shares of < 10
each at a premium of < 4 per share. The amount was payable as under :
On application – < 4 per share (including premium < 2)
On allotment – < 4 per share
On first and final call – < 6 per share (including premium < 2)
Applications for 3,00,000 shares were received and pro-rata allotment
was made to all the applicants. Excess application money received on
application was adjusted towards sums due on allotment. All calls were
made and were duly received except from Rohini, who failed to pay
allotment and first and final call on 7,500 shares applied by her. These
shares were forfeited. Afterwards, 40% of the forfeited shares were
re-issued at < 11 per share as fully paid-up.
Pass the necessary journal entries in the books of Karur Ltd. Open
call-in-arrears and call-in-advance accounts wherever necessary. 8
.67/1/2 17 P.T.O.

22. ~mXb VWm {~Obr EH$ \$_© Ho$ gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _o| bm^ ~m±Q>Vo Wo &
31 _mM©, 2019 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2019 H$mo ~mXb VWm {~Obr H$m pñW{V {ddaU

Xo`VmE± am{e n[agån{Îm`m± am{e
< <
ny±Or : ^dZ 1,50,000

~mXb 1,50,000 {Zdoe 73,000
{~Obr 90,000
2,40,000 ñQ>m°H$ 43,000

~mXb H$m Mmby ImVm 12,000 XoZXma 20,000

{Zdoe KQ>V-~‹T>V g§M` 24,000 ZJX 22,000

Xo` {~b 8,000 {~Obr H$m Mmby ImVm 2,000

boZXma 26,000

3,10,000 3,10,000

Cn`w©º$ {V{W H$mo \$_© Ho$ bm^m| _| 1 d| ^mJ Ho$ {bE a¡Zm H$mo EH$ ZE gmPoXma Ho$ ê$n _|
6
àdoe {X`m J`m & g_Pm¡Vo H$s eV] {ZåZ àH$ma go Wt :
(i) a¡Zm AnZr ny±Or Ho$ {bE < 40,000 bmEJr Am¡a ~mXb VWm {~Obr H$s ny±{O`m| H$m
g_m`moOZ a¡Zm H$s ny±Or Ho$ AmYma na Mmby ImVo ImobH$a {H$`m OmEJm &
(ii) a¡Zm »`m{V àr{_`_ H$s AnZr am{e < 12,000 ZJX bmEJr &
(iii) ^dZ H$m _yë`m§H$Z < 15,000 VWm ñQ>m°H$ H$m < 3,000 A{YH$ {H$`m J`m &
(iv) Sy>~V G$Um| Ho$ {bE XoZXmam| na 10% H$m àmdYmZ H$aZm Wm &
nwZ_y©ë`m§H$Z ImVm VWm ~mXb, {~Obr Ed§ a¡Zm Ho$ Mmby ImVo VWm ny±Or ImVo V¡`ma H$s{OE & 8

AWdm
.67/1/2 18

22. Badal and Bijli were partners in a firm sharing profits in the ratio of
3 : 2. Their Balance Sheet as at 31st March, 2019 was as follows :

Balance Sheet of Badal and Bijli as at 31st March, 2019
Amount Amount
Liabilities < Assets <
Capitals : Building 1,50,000

Badal 1,50,000 Investments 73,000
Bijli 90,000 2,40,000 Stock 43,000

Badal’s Current A/c 12,000 Debtors 20,000

Investment Fluctuation
24,000 Cash 22,000
Reserve
Bills Payable 8,000 Bijli’s Current A/c 2,000

Creditors 26,000

3,10,000 3,10,000

1 th
Raina was admitted on the above date as a new partner for share in
6
the profits of the firm. The terms of agreement were as follows :
(i) Raina will bring < 40,000 as her capital and capitals of Badal and
Bijli will be adjusted on the basis of Raina’s capital by opening
current accounts.
(ii) Raina will bring her share of goodwill premium for < 12,000 in
cash.
(iii) The building was overvalued by < 15,000 and stock by < 3,000.
(iv) A provision of 10% was to be created on debtors for bad debts.
Prepare the Revaluation Account and Current and Capital Accounts of
Badal, Bijli and Raina. 8
OR
.67/1/2 19 P.T.O.

ào_, Hw$_ma VWm AmaVr gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _o| bm^ ~m±Q>Vo Wo &
31 _mM©, 2019 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2019 H$mo ào_, Hw$_ma VWm AmaVr H$m pñW{V {ddaU

am{e am{e
Xo`VmE± n[agån{Îm`m±
< <
ny±Or : ^dZ 25,000

ào_ 30,000 g§`ÝÌ Ed§ _erZar 15,000

Hw$_ma 20,000 {Zdoe 10,000

AmaVr 20,000 70,000 XoZXma 10,000

gm_mÝ` g§M` 8,000 ñQ>m°H$ 5,000

{Zdoe CVma-M‹T>md g§M` 2,000 ZJX 25,000

{d{dY boZXma 10,000

90,000 90,000

Cn`w©º$ {V{W H$mo Hw$_ma Zo AdH$me J«hU {H$`m & AdH$me J«hU H$s eV] {ZåZ Wr :
(i) Hw$_ma Zo »`m{V Ho$ AnZo ^mJ H$m {dH«$` < 8,000 _| ào_ H$mo VWm < 4,000 _|
AmaVr H$mo {H$`m &
(ii) ñQ>m°H$ H$m _yë` < 1,000 VWm ^dZ H$m < 7,000 H$_ nm`m J`m &
(iii) {Zdoem| H$mo < 11,000 _| ~oM {X`m J`m &
(iv) < 7,000 H$m EH$ A{b{IV boZXma Wm &
(v) Hw$_ma H$mo < 30,000 H$m ZJX ^wJVmZ {H$`m J`m {Ogo ào_ VWm AmaVr 2 : 1 Ho$
AZwnmV _| bmE & Hw$_ma H$s eof am{e H$m {ZnQ>mZ Hw$_ma Ho$ nj _| Xo` EH$ {d{Z_`
nÌ H$mo ñdrH$ma H$aHo$ {H$`m J`m &
nwZ_y©ë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm nwZJ©{R>V \$_© H$m pñW{V {ddaU V¡`ma
H$s{OE & 8

.67/1/2 20

Prem, Kumar and Aarti were partners sharing profits in the ratio of
5 : 3 : 2. Their Balance Sheet as at 31st March, 2019 was as under :
Balance Sheet of Prem, Kumar and Aarti as at 31st March, 2019

Amount Amount
Liabilities < Assets <
Capitals : Building 25,000

Prem 30,000 Plant and Machinery 15,000

Kumar 20,000 Investment 10,000

Aarti 20,000 70,000 Debtors 10,000

General Reserve 8,000 Stock 5,000

Investment Fluctuation
2,000 Cash 25,000
Reserve

Sundry Creditors 10,000

90,000 90,000

On the above date, Kumar retired. The terms of retirement were :
(i) Kumar sold his share of goodwill to Prem for < 8,000 and to Aarti
for < 4,000.
(ii) Stock was found to be undervalued by < 1,000 and building by
< 7,000.
(iii) Investments were sold for < 11,000.
(iv) There was an unrecorded creditor of < 7,000.
(v) An amount of < 30,000 was paid to Kumar in cash which was
contributed by Prem and Aarti in the ratio of 2 : 1. The balance
amount of Kumar was settled by accepting a Bill of Exchange in
favour of Kumar.
Prepare the Revaluation Account, Capital Accounts of partners and the
Balance Sheet of the reconstituted firm. 8
.67/1/2 21 P.T.O.

^mJ> I
{dH$ën 1
({dÎmr` {ddaUm| H$m {díbofU)

23. {ZåZ{b{IV _| go H$m¡Z-gm {dÎmr` {ddaUm| Ho$ {díbofU H$m EH$ CÔoí` Zht h¡ : 1

(A) \$_© Ho$ {dÎmr` ñdmñÏ` H$s Om±M H$aZm &
(B) \$_© H$s Aënmd{Y VWm XrKm©d{Y VabVm H$s pñW{V H$s Om±M H$aZm &
(C) \$_© H$s bm^àXVm _| n[adV©Z Ho$ H$maUm| H$s Om±M H$aZm &
(D) {d{^Þ CÚ_m| Ûmam ì`dgm` _| Cn`moJ H$s JB© boIm àWmAm| _| n[adV©Zm| H$s Om±M
H$aZm &
24. 2 : 1 Ho$ G$U-g_Vm AZwnmV na ‘_erZar Ho$ Amny{V©H$Vm©Am| H$mo < 5,00,000 Ho$ g_Vm
A§em| Ho$ {ZJ©_Z’ H$m Š`m à^md n‹S>oJm ? 1

25. 31 _mM©, 2019 H$mo AemoH$m {b{_Q>oS> Ho$ ì`mnm[aH$ àmß`m| H$s Hw$b am{e < 3,00,000 Wr &
BgZo Sy>~V VWm g§{X½Y G$Um| Ho$ {bE 5% H$m àmdYmZ {H$`m & ì`mnm[aH$ àmß` AmdV©
AZwnmV H$s JUZm H$aZo Ho$ {bE ì`mnm[aH$ àmß`m| H$s {H$VZr am{e H$m Cn`moJ {H$`m OmEJm ? 1

26. EH$ {Zdoe àm`: amoH$‹S>-Vwë` Ho$ `mo½` Ho$db V~ hmoVm h¡ O~ BgHo$ A{YJ«hU H$s {V{W go
BgH$s n[anŠdVm Ad{Y Aën hmo : 1

(A) EH$ _mh AWdm H$_
(B) VrZ _mh AWdm H$_
(C) VrZ _mh AWdm A{YH$
(D) EH$ df© AWdm H$_

27. 1 AŠQy>~a, 2018 H$mo _mBH«$mo {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 20,000, 8% G$UnÌm| H$m
{ZJ©_Z {H$`m VWm BZ G$UnÌm| na 31 _mM©, 2019 H$mo < 80,000 ã`mO H$m ^wJVmZ
{H$`m & 31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE {dÎmr` J{V{d{Y`m| go amoH$‹S> àdmh H$s
JUZm H$s{OE & 1

.67/1/2 22

PART B
OPTION 1
(Analysis of Financial Statements)

23. Which of the following is not an objective of Analysis of Financial
Statements : 1
(A) To judge the financial health of the firm.
(B) To judge the short-term and long-term liquidity position of the
firm.
(C) To judge the reasons for change in the profitability of the firm.
(D) To judge the variations in the accounting practices of the business
followed by different enterprises.

24. What will be the impact of ‘issuing < 5,00,000 equity shares to vendors of
machinery’ on the Debt-Equity Ratio of 2 : 1 ? 1

25. Total amount of Trade Receivables of Ashoka Ltd. as on 31st March, 2019
were < 3,00,000. It had created a provision of 5% for bad and doubtful
debts. What amount of Trade Receivables will be taken to calculate Trade
Receivables Turnover Ratio ? 1

26. An investment normally qualifies as cash-equivalent only when from the
date of acquisition it has a short maturity period of : 1
(A) One month or less
(B) Three months or less
(C) Three months or more
(D) One year or less

27. On 1.10.2018, Micro Ltd. issued 20,000, 8% debentures of < 100 each and
paid interest of < 80,000 on these debentures on 31st March, 2019.
Calculate the cash flow from financing activities for the period ending
31st March, 2019. 1

.67/1/2 23 P.T.O.

28. amoH$‹S> àdmh {ddaU go g§~§{YV {H$gr EH$ J{V{d{Y H$m CXmhaU Xr{OE Omo h_oem {dÎmr`
hmoVr h¡ & 1

29. C„oI H$s{OE {H$ {ZåZ H$WZ ghr h¡ AWdm µJbV : 1

‘BÝdoÝQ´>r AmdV© AZwnmV {dÎmr` CÎmmobZ H$m _mn h¡ &’

30. Amapå^H$ _mbgyMr (B§doÝQ´>r) < 60,000 h¡, ApÝV_ _mbgyMr (B§doÝQ´>r) Amapå^H$
_mbgyMr (B§doÝQ´>r) H$m 1·5 JwUm h¡ & _mbgyMr (B§doÝQ´>r) AmdV© AZwnmV 6 JwUm h¡ & {dH«$`
_yë` bmJV go 33 1 % A{YH$ h¡ & gH$b bm^ AZwnmV H$s JUZm H$s{OE & 3
3
AWdm
H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III ^mJ I Ho$ AZwgma {ZåZ{b{IV _X| EH$ H$ånZr
Ho$ pñW{V {ddaU _o| {H$Z à_wI erf©H$m| /Cn-erf©H$m| Ho$ AÝVJ©V Xem©B© OmE±Jr ? 3
(i) ny±OrJV A{J«_
(ii) àmá A{J«_ Am`
(iii) ny±OrJV H$m`© àJ{V na
(iv) _moQ>a dmhZ
(v) ñQ>moa VWm ñno`a nmQ>©
(vi) 9% G$UnÌ

31. {ZåZ gyMZm go VwbZmË_H$ bm^-hm{Z {ddaU V¡`ma H$s{OE : 4

31.3.2018 31.3.2019
{ddaU
< <
àMmbZm| go AmJ_ 4,00,000 3,00,000

AÝ` Am` 80,000 40,000

ì`` – àMmbZ AmJ_ H$m 50%
Am` H$a Xa 40% 40%

AWdm
.67/1/2 24

28. Give an example of an activity which is always financing with regards to
the Cash Flow Statement. 1

29. State whether the following statement is true or false. 1

‘Inventory Turnover Ratio measures the level of financial leverage. ’

30. Opening inventory is < 60,000, closing inventory is 1·5 times of opening
1
inventory. Inventory Turnover Ratio is 6 times. Selling price is 33 %
3
above cost. Calculate the Gross Profit Ratio. 3

OR
Under which major head/sub-head will the following items be presented
in the Balance Sheet of a company as per Schedule III Part I of the the
Companies Act, 2013 ? 3
(i) Capital Advances
(ii) Income received in advance
(iii) Capital work-in-progress
(iv) Motor vehicles
(v) Stores and spare parts
(vi) 9% Debentures

31. From the following information, prepare Comparative Statement of Profit
and Loss : 4

31.3.2018 31.3.2019
Particulars
< <
Revenue from operations 4,00,000 3,00,000

Other Income 80,000 40,000
Expenses  50% of Revenue from
operations
Income Tax Rate 40% 40%

OR

.67/1/2 25 P.T.O.

{ZåZ gyMZm go Eb.EŠg. {b{_Q>oS> H$m gm_mÝ` AmH$ma H$m pñW{V {ddaU V¡`ma H$s{OE : 4
ZmoQ> 31.3.2019 31.3.2018
{ddaU g§. < <
I – g_Vm VWm Xo`VmE± :
1. A§eYmaH$ {Z{Y`m± 20,00,000 10,00,000
2. AMb Xo`VmE± 20,00,000 5,00,000
3. Mmby Xo`VmE± 10,00,000 5,00,000
Hw$b 50,00,000 20,00,000
II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± 30,00,000 12,50,000
2. Mmby n[agån{Îm`m± 20,00,000 7,50,000
Hw$b 50,00,000 20,00,000

32. (i) Zmodm {b{_Q>oS> H$s {ZåZ gyMZm go {Zdoe J{V{d{Y`m| go amoH$‹S> àdmh H$s JUZm
H$s{OE :
31.3.2019 31.3.2018
{ddaU
< <
_erZar (bmJV na) 5,00,000 3,00,000
_erZar na EH${ÌV _yë`õmg 1,00,000 80,000
»`m{V 1,50,000 1,00,000
^y{_ 70,000 1,00,000
A{V[aº$ gyMZm :
df© _| < 50,000 bmJV H$s EH$ _erZ, {Og na EH${ÌV _yë`õmg < 35,000
Wm, < 12,000 _| ~oMr JB© &
(ii) 31 _mM©, 2019 H$mo g_má df© H$m {d{Z`moOZ Ho$ níMmV² Omodm {b{_Q>oS> H$m bm^
< 2,50,000 Wm &
A{V[aº$ gyMZm :
am{e
H«$.g. {ddaU
<
1. _erZar na _yë`õmg 20,000
2. »`m{V An{b{IV H$s JB© 9,000
3. \$ZuMa {dH«$` na hm{Z 2,000
4. gm_mÝ` g§M` _| hñVmÝVaU 22,500

.67/1/2 26

Prepare a common size Balance Sheet of L.X. Ltd. from the following
information : 4
Note 31.3.2019 31.3.2018
Particulars No. < <
I – Equity and Liabilities :
1. Shareholder’s Funds 20,00,000 10,00,000
2. Non-Current Liabilities 20,00,000 5,00,000
3. Current Liabilities 10,00,000 5,00,000
Total 50,00,000 20,00,000
II – Assets :
1. Non-Current Assets 30,00,000 12,50,000
2. Current Assets 20,00,000 7,50,000
Total 50,00,000 20,00,000

32. (i) From the following information of Nova Ltd., calculate the cash
flow from investing activities :
31.3.2019 31.3.2018
Particulars
< <
Machinery (At cost) 5,00,000 3,00,000
Accumulated Depreciation on machinery 1,00,000 80,000
Goodwill 1,50,000 1,00,000
Land 70,000 1,00,000
Additional Information :
During the year, a machine costing < 50,000 on which the accumulated
depreciation was < 35,000, was sold for < 12,000.
(ii) The profit of Jova Ltd. for the year ended 31st March, 2019 after
appropriation was < 2,50,000.
Additional Information :
Amount
S.No. Particulars
<
1. Depreciation of Machinery 20,000
2. Goodwill written off 9,000
3. Loss on sale of Furniture 2,000
4. Transfer to General Reserve 22,500

.67/1/2 27 P.T.O.

31 _mM©, 2018 VWm 2019 H$mo Mmby n[agån{Îm`m| VWm Mmby Xo`VmAm| H$s pñW{V
{ZåZ àH$ma go Wr :
31.3.2018 31.3.2019
{ddaU
< <
A{J«_ àmá Am` 8,000 —
BÝdoÝQ>ar (_mbgyMr) 12,000 8,000
àMmbZ J{V{d{Y`m| go amoH$‹S> àdmh H$s JUZm H$s{OE & 3+3

^mJ I
{dH$ën 2
(A{^H${bÌ boIm§H$Z)

23. Cg boIm§H$Z gyMZm CnV§Ì H$m Zm_ {b{IE Omo ^m¡{VH$ ZH$Xr d BboŠQ´>m°{ZH$ H$mof hñVm§VaU
H$s àm{á d ^wJVmZ Ho$ {bE ì`dhma _§o bm`m OmVm h¡ & 1
(A) {dH«$` Ed§ àmß` boIm CnV§Ì
(B) amoH$‹S> Ed§ ~¢H$ CnV§Ì
(C) H«$` Ed§ Xo` boIm CnV§Ì
(D) bmJV CnV§Ì

24. ‘àmW{_H$-H$s’ joÌ _| S>oQ>m H$m hmoZm : 1
(A) Amdí`H$ Zht h¡ &
(B) Amdí`H$ Vmo h¡, naÝVw dh A{ÛVr` hmo `h Amdí`H$ Zht &
(C) Amdí`H$ ^r h¡ Am¡a dh A{ÛVr` ^r hmoZm Mm{hE &
(D) Cn`w©º$ g^r
25. ##### Aew{Õ V~ Ñ{ï>JmoMa hmoVr h¡ O~ : 1
(A) EH$ G$UmË_H$ S>oQ>m H$m à`moJ hþAm hmo &
(B) H$m°b_ H$s Mm¡‹S>mB© nyar Z hmo &
(C) g_` H$m G$UmË_H$ _mZ à`wº$ hwAm hmo &
(D) Cn`w©º$ g^r
26. ì`{º$ H$m H$X _________ EQ´>rã`yQ> h¡, O~{H$ CgH$s e¡j{UH$ `mo½`Vm _________
EQ´>rã`yQ hmo gH$Vr h¡ & 1

.67/1/2 28

The following was the position of its Current Assets and Current
Liabilities as at 31st March, 2018 and 2019.
31.3.2018 31.3.2019
Particulars
< <
Income Received in Advance 8,000 —
Inventory 12,000 8,000

Calculate the Cash flow from operating activities. 3+3

PART B
OPTION 2
(Computerised Accounting)

23. Name the accounting information subsystem which deals with receipt
and payment of physical cash and electronic fund transfer. 1
(A) Sales and Accounts Receivable subsystem
(B) Cash and Bank subsystem
(C) Purchase and Accounts Payable subsystem
(D) Costing subsystem

24. The existence of data in a primary key field is : 1
(A) Not necessarily required.
(B) Required but need not be unique.
(C) Required and must be unique.
(D) All of the above

25. A ##### error appears when : 1
(A) A negative data is used.
(B) Column is not wide enough.
(C) Negative time is used.
(D) All of the above

26. Height of a person is a ___________ attribute whereas academic
qualification can be ___________ attribute. 1

.67/1/2 29 P.T.O.

27. _mCg H$s Mmb H$m {_bmZ H$s-ñQ´>moŠg (keystrokes) go H$s{OE : 1
(i) EH$ gob D$na (a) ZrMo Vra () `m EÝQ>a
(ii) EH$ gob XmE± (b) D$na Vra ()
(c) ~mE± Vra ()
(d) XmE± Vra ()
(A) (i) (c) Am¡a (ii) (a)
(B) (i) (b) Am¡a (ii) (d)
(C) (i) (a) Am¡a (ii) (d)
(D) (i) (b) Am¡a (ii) (c)
28. O~ {d{^Þ òmoVm| go EH${ÌV S>oQ>m H$m à{H«$`U EH$ PQ>Ho$ _| H$a {X`m OmVm h¡ , Vmo Bgo H$hVo
h¢ : 1
(A) dmñV{dH$ g_` à{H«$`U
(B) S>oQ>m _mÝ`Vm
(C) à{H«$`U d nwZ:_mÝ`Vm
(D) ~¡M à{H«$`U
29. Cg ^mfm H$m Zm_ {b{IE Omo S>oQ>m Ho$ g§J«hU d Omo‹S>-Vmo‹S> H$aZo _| à`wº$ H$s OmVr h¡ AWdm
S>oQ>m~og T>m±Mm| H$m EH$ O{Q>b g_yh ~ZmVr h¡ & 1
(A) ñQ´>ŠMS>© H$åß`yQ>a ^mfm
(B) ñQ´>ŠMS>©> Šdoar ^mfm
(C) H$R>moa> Šdoar ^mfm
(D) ñQ´>ŠMS>©> Šdoar bm°{OpñQ>Šg$
30. ‘_h±JmB© ^Îmm’ d ‘gH$b doVZ’ H$s JUZm H$m gyÌ {bIH$a CgH$s ì`m»`m H$s{OE & 3
AWdm
‘H$m°ÝQ´>m dmCMa’ d ‘àm{á dmCMa’ H$mo g_PmBE & 3

31. ‘S>oQ>m~og à~ÝY V§Ì’ Ho$ {H$Ýht Mma bm^m| H$mo g_PmBE & 4
AWdm
S>oQ>m~og Am°ãOoŠQ²>g Ho$ ê$n _| _m°S>çyëg, n¥ð>, [anmoQ²>©g, d Šdoar H$mo g_PmBE & 4

32. Cg Aew{Õ H$m Zm_ ~VmBE Omo EŠg¡b H$m à`moJ H$aVo g_` AmnHo$ H$åß`yQ>a nQ>b na V~
Ñ{ï>JmoMa hmoVr h¡ O~ à`moJ {H$E Om aho \$m_y©bo _| {H$gr hQ>mE JE gob H$m à`moJ hmo ahm
h¡ & `h ^r g_PmBE {H$ Cg Aew{Õ H$mo H¡$go ewÕ {H$`m Om gH$Vm h¡ & 6

.67/1/2 30

27. Match the movement of mouse with the keystrokes : 1
(i) One cell up (a) Down arrow key () or Enter
(ii) One cell right (b) Up arrow key ()
(c) Left arrow key ()
(d) Right arrow key ()
(A) (i) (c) and (ii) (a)
(B) (i) (b) and (ii) (d)
(C) (i) (a) and (ii) (d)
(D) (i) (b) and (ii) (c)

28. When the accumulated data from various sources is processed in one shot
it is called : 1
(A) Real Time Processing
(B) Data Validation
(C) Processing and Revalidation
(D) Batch Processing

29. Name the language used to store and manipulate data or create a
complex set of database structures. 1
(A) Structured Computer Language
(B) Structured Query Language
(C) Strictly Query Language
(D) Structured Query Logistics

30. Write and explain the formula to calculate ‘Dearness Allowance’ and
‘Gross Salary’. 3
OR
Explain ‘Contra voucher’ and ‘Receipt voucher’. 3

31. Explain any four advantages of ‘Database Management System’. 4
OR
Explain Modules, Pages, Reports, and Query as database objects. 4

32. Name the error which appears on the screen of your computer while
using Excel, when the formula refers to a deleted cell. Also explain how to
correct that error. 6

.67/1/2 31 P.T.O.