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

H$moS> Z§.
Code No. 67/2/2
amob Z§. narjmWu H$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> 39 h¢ & paper contains 39 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

.67/2/2 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$Z)
1. EH$ ZE gmPoXma Ho$ \$_© _| àdoe Ho$ g_`, Z`m gmPoXma nwamZo gmPoXmam| H$mo \$_© Ho$
A{Ybm^m| _| CZHo$ ^mJ H$s hm{Z Ho$ ~Xbo j{Vny{V© H$aVm h¡ {OgHo$ {bE dh EH$ A{V[aº$
am{e bmVm h¡, {Ogo ________ Ho$ Zm_ go OmZm OmVm h¡ & 1
2. {Xì`m {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 7,000 g_Vm A§em| H$m {OÝh| 10% Ho$ àr{_`_ na
{ZJ©{_V {H$`m J`m Wm, < 40 à{V A§e H$s àW_ VWm A§{V_ `mMZm H$m ^wJVmZ Z H$aZo
na haU H$a {b`m & A{YH$V_ ~Å>m am{e {Og na BZ A§em| H$mo nwZ:{ZJ©{_V {H$`m Om
gH$Vm h¡, dh hmoJr : 1
(A) < 2,80,000
(B) < 4,20,000
(C) < 4,90,000
(D) < 3,50,000
.67/2/2 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. At the time of admission of a new partner in the firm, the new partner
compensates the old partners for their loss of share in the super-profits of
the firm for which he brings in an additional amount which is known
as ___________ . 1
2. Divya Ltd. forfeited 7,000 equity shares of < 100 each issued at a
premium of 10%, for non-payment of first and final call of < 40 per share.
The maximum amount of discount at which these shares can be reissued
will be : 1
(A) < 2,80,000
(B) < 4,20,000
(C) < 4,90,000
(D) < 3,50,000
.67/2/2 3 P.T.O.

3. ‘g§nmpíd©H$ à{V^y{V Ho$ ê$n _| G$UnÌm| Ho$ {ZJ©_Z’ H$m Š`m AW© h¡ ? 1

4. emo^m {b{_Q>oS> Zo AnZo < 100 àË`oH$ Ho$ 8,000, 9% G$UnÌm| H$mo {OÝh| 9% Ho$ ~Å>o na
{ZJ©{_V {H$`m J`m Wm, 10% Ho$ àr{_`_ na emoYZ H$aZo H$m {ZU©` {H$`m & G$UnÌ emoYZ
g§M` _| ñWmZmÝV[aV H$s Om gH$Zo dmbr Ý`yZV_ am{e hmoJr : 1
(A) < 8,00,000
(B) < 2,20,000
(C) < 2,00,000
(D) < 8,80,000
5. ‘G$UnÌm| na {X`m OmZo dmbm ã`mO H$ånZr Ho$ bm^m| Ho$ à{V à^ma hmoVm h¡ &’ Š`m `h
H$WZ ghr h¡ ? AnZo CÎma Ho$ g_W©Z _| H$maU Xr{OE & 1

6. 31 _mM©, 2019 H$mo g_mßV hþE df© Ho$ {bE Mr_m Šb~ Ho$ àm{á Ed§ ^wJVmZ ImVo go
àmá CÕaU VWm A{V[aº$ gyMZm go 31 _mM©, 2019 H$mo AXÎm M§Xo H$s am{e H$s JUZm
H$s{OE &
M§Xm àmá <
2017  18 10,000
2018  19 1,20,000
2019  20 7,000
A{V[aº$ gyMZm :
Šb~ Ho$ 130 gXñ` Wo Am¡a àË`oH$ < 1,000 dm{f©H$ M§Xo H$m ^wJVmZ H$aVm h¡ & df© Ho$
Amaå^ _| AXÎm M§Xm < 16,000 Wm & 2017  18 _| 10 gXñ`m| Zo 2018  19 Ho$ M§Xo
H$s am{e H$m ^wJVmZ H$a {X`m Wm & 1

7. `yZr_ {b{_Q>oS> Ho$ {ZXoeH$m| Zo < 10 àË`oH$ Ho$ 30,000 A§em| H$mo < 3 à{V A§e H$s
A§{V_ `mMZm H$m ^wJVmZ Z H$aZo na haU H$a {b`m & haU {H$E JE A§em| _| go AmYo
A§em| H$mo < 12 à{V A§e nyU© àXÎm nwZ:{ZJ©{_V H$a {b`m J`m & ny±Or g§M` ImVo _§o
hñVmÝV[aV H$s OmZo dmbr am{e hmoJr : 1
(A) < 2,70,000
(B) < 2,10,000
(C) < 1,05,000
(D) < 1,80,000
.67/2/2 4

3. What is meant by ‘Issue of Debentures as a Collateral Security’ ? 1
4. Shobha Ltd. decided to redeem its 8,000, 9% debentures of < 100 each,
issued at a discount of 9%, redeemable at a premium of 10%. The
minimum amount that can be transferred to Debenture Redemption
Reserve will be : 1
(A) < 8,00,000
(B) < 2,20,000
(C) < 2,00,000
(D) < 8,80,000
5. ‘Interest paid on debentures is a charge against the profits of the
company.’ Is this statement correct ? Give reason in support of your
answer. 1
6. From the given extracts obtained from the Receipts and Payments
Account of Cheema Club for the year ended 31st March, 2019 and
additional information, calculate the amount of subscription in arrears as
on 31st March, 2019.
Subscriptions Received <
2017  18 10,000
2018  19 1,20,000
2019  20 7,000
Additional Information :
The Club had 130 members paying an annual subscription of < 1,000
each. Subscriptions in arrears at the beginning of the year were < 16,000.
10 members paid subscriptions for 2018  19 in 2017  18. 1
7. The Directors of Unim Ltd. forfeited 30,000 shares of < 10 each, for
non-payment of final call of < 3 per share. Half of the forfeited shares
were reissued as fully paid-up for < 12 per share. The amount to be
transferred to the Capital Reserve Account will be : 1
(A) < 2,70,000
(B) < 2,10,000
(C) < 1,05,000
(D) < 1,80,000
.67/2/2 5 P.T.O.

8. gwZ¡Zm, amohZ VWm arZm EH$ \$_© Ho$ gmPoXma Wo VWm 4 : 3 : 1 Ho$ AZwnmV _§o bm^-hm{Z ~m±Q>Vo
Wo & gwZ¡Zm Zo AnZo bm^ Ho$ ^mJ H$mo 3 : 1 Ho$ AZwnmV _| amohZ VWm arZm H$mo ~oMH$a
AdH$me J«hU {H$`m & amohZ VWm arZm Ho$ ~rM Z`m bm^ {d^mOZ AZwnmV hmoJm : 1
(A) 4:3
(B) 4:1
(C) 2:1
(D) 3:1

9. {ZåZ{b{IV _| go H$m¡Z-gr Am`JV àm{á Zht h¡ ? 1
(A) àdoe ewëH$
(B) gaH$mar AZwXmZ
(C) bm°H$a {H$am`m
(D) dgr`V

10. dmñV{dH$ (Zm__mÌ) A§e ny±Or h¡ : 1
(A) A{YH¥$V ny±Or H$m dh ^mJ {Ogo H$ånZr Ûmam {ZJ©{_V {H$`m J`m h¡ &
(B) ny±Or H$s dh am{e {OgHo$ {bE ^mdr A§eYmaH$m| Zo dmñVd _| A{^XmZ {H$`m h¡ &
(C) ny±Or H$s dh am{e {OgH$m ^wJVmZ A§eYm[a`m| Ûmam {H$`m J`m h¡ &
(D) A§e ny±Or H$s dh A{YH$V_ am{e {OgH$m {ZJ©_Z H$aZo Ho$ {bE H$ånZr A{YH¥$V h¡ &

11. _rVm VWm gw{_V EH$ \$_© Ho$ gmPoXma h¢ & CZH$s ny±Or H«$_e: < 6,00,000 VWm
1
< 4,00,000 h¢ & Ho$ed H$mo \$_© Ho$ bm^m| _| d§o ^mJ Ho$ {bE EH$ ZE gmPoXma Ho$ ê$n _|
5
àdoe {X`m J`m & Ho$ed »`m{V àr{_`_ Ho$ AnZo ^mJ Ho$ {bE < 40,000 VWm AnZr ny±Or
Ho$ {bE < 3,00,000 bm`m & gw{_V H$mo H«o${S>Q> H$s OmZo dmbr »`m{V àr{_`_ H$s am{e
hmoJr : 1
(A) < 20,000
(B) < 24,000
(C) < 16,000
(D) < 40,000

12. ‘Ad{Y’ Ho$ AmYma na Am` VWm ì`` ImVo VWm àm{ßV Ed§ ^wJVmZ ImVo _| AÝV^}X
H$s{OE & 1

.67/2/2 6

8. Sunaina, Rohan and Rina were partners in a firm sharing profits and
losses in the ratio of 4 : 3 : 1. Sunaina retired, selling her share of profits
to Rohan and Rina in the ratio of 3 : 1. The new profit-sharing ratio
between Rohan and Rina will be : 1
(A) 4:3
(B) 4:1
(C) 2:1
(D) 3:1
9. Which of the following is not a revenue receipt ? 1
(A) Admission Fees
(B) Government Grants
(C) Locker Rent
(D) Legacies

10. Nominal share capital is : 1
(A) That part of authorised capital which is issued by the company.
(B) The amount of capital which is actually applied by prospective
shareholders.
(C) The amount of capital which is paid by the shareholders.
(D) The maximum amount of share capital that a company is
authorised to issue.

11. Mita and Sumit are partners in a firm with capitals of < 6,00,000 and
1
< 4,00,000 respectively. Keshav was admitted as a new partner for th
5
share in the profits of the firm. Keshav brought < 40,000 as his share of
goodwill premium and < 3,00,000 as his capital. The amount of goodwill
premium credited to Sumit will be : 1
(A) < 20,000
(B) < 24,000
(C) < 16,000
(D) < 40,000

12. Distinguish between Income and Expenditure Account and Receipts and
Payments Account on the basis of ‘Period’. 1
.67/2/2 7 P.T.O.

13. Amem VWm Xr{á EH$ \$_© Ho$ gmPoXma Wo VWm 3 : 1 Ho$ AZwnmV _§o bm^-hm{Z ~m±Q>Vo Wo &
CZH$s ñWm`r ny±Or H«$_e: < 3,00,000 VWm < 2,00,000 Wr & CÝh| ny±Or na 10% dm{f©H$
Xa go ã`mO Xo` Wm & df© Ho$ Xm¡amZ \$_© Zo < 20,000 H$m bm^ A{O©V {H$`m & Xr{ßV H$mo
H«o${S>Q> H$s OmZo dmbr ny±Or na ã`mO H$s am{e hmoJr : 1
(A) < 12,000
(B) < 8,000
(C) < 20,000
(D) < 5,000
14. am°`b ñnmoQ²>©g Šb~ Ho$ 31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE Am` Ed§ ì`` ImVo
VWm Bgr {V{W H$mo BgHo$ pñW{V {ddaU _| {ZåZ{b{IV gyMZm H$mo {H$g àH$ma àñVwV {H$`m
OmEJm ? 3

{ddaU am{e
<
Qy>Zm©_|Q> H$mof 1 Aà¡b, 2018 H$mo 5,00,000
df© Ho$ Xm¡amZ {H$E JE Qy>Zm©_|Q> ì`` 8,00,000
df© Ho$ Xm¡amZ àmá Qy>Zm©_|Q> H$mof Ho$ {bE XmZ 1,20,000
df© Ho$ Xm¡amZ Qy>Zm©_|Q> {Q>H$Q> H$m {dH«$` 1,50,000

AWdm
JUoe M¡[aQ>o~b gmogm`Q>r go gå~pÝYV {ZåZ{b{IV {ddaUm| go 31 _mM©, 2019 H$mo g_má
hwE df© Ho$ {bE àm{á VWm ^wJVmZ ImVm V¡`ma H$s{OE : 3

{ddaU am{e
<
amoH$‹S> H$m Amapå^H$ eof 20,000
MÝXm àmá hþAm :
2017  18 25,000
2018  19 1,00,000
2019  20 15,000 1,40,000
àmá àdoe ewëH$ 45,000
nwamZo Iob-Hy$X gm_mZ H$s {~H«$s 5,000
{H$am`m ^wJVmZ 19,000
^dZ {Z_m©U Ho$ {bE àmá XmZ 1,00,000
H$m`m©b` ì``m| H$m ^wJVmZ 23,000
.67/2/2 8

13. Asha and Deepti were partners in a firm sharing profits and losses in the
ratio of 3 : 1. Their fixed capitals were < 3,00,000 and < 2,00,000
respectively. They were entitled to interest on capital @ 10% p.a. The
firm earned a profit of < 20,000 during the year. The amount of interest
on capital credited to Deepti will be : 1
(A) < 12,000
(B) < 8,000
(C) < 20,000
(D) < 5,000
14. How will the following information of Royal Sports Club be presented in
the Income and Expenditure Account for the year ended 31st March, 2019
and its Balance Sheet as on that date ? 3
Amount
Particulars
<
Tournament Fund as on 1st April, 2018 5,00,000
Tournament expenses incurred during the year 8,00,000
Donations for Tournament Fund received during the year 1,20,000
Sale of Tournament tickets during the year 1,50,000

OR
From the following particulars relating to Ganesh Charitable Society,
prepare a Receipts and Payments Account for the year ending
31st March, 2019 : 3
Amount
Particulars
<
Opening balance of cash 20,000
Subscriptions received :
2017  18 25,000
2018  19 1,00,000
2019  20 15,000 1,40,000
Entrance fees received 45,000
Sale of old sports material 5,000
Rent paid 19,000
Donations received for construction of building 1,00,000
Office expenses paid 23,000

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

15. 31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE àr{_`a Šb~ Ho$ {XE JE àm{á Ed§ ^wJVmZ

ImVo VWm A{V[aº$ gyMZm go 31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE Am` VWm ì``
ImVm VWm Cgr {V{W H$mo pñW{V {ddaU V¡`ma H$s{OE &
31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE àr{_`a Šb~ H$m àm{á VWm ^wJVmZ ImVm

am{e am{e
àm{á`m± <
^wJVmZ <
\$ZuMa VWm CnH$aU
eof ZrMo bmE 80,900
(1.10.2018 H$mo H«$`) 1,00,000

XmZ 39,000 doVZ 62,000

MÝXm : eof ZrMo bo JE 68,600
2017  18 12,000

2018  19 70,000

2019  20 9,000 91,000

ã`mO àmá 19,700

2,30,600 2,30,600

A{V[aº$ gyMZm :

(i) 1 Aà¡b, 2018 H$mo Šb~ H$s n[agån{V`m| VWm Xo`VmAm| Ho$ eof {ZåZ{b{IV Wo :
\$ZuMa VWm CnH$aU < 1,80,000, AXÎm MÝXm < 15,000 VWm AXÎm doVZ
< 13,000 &

(ii) \$ZuMa VWm CnH$aU na 10% dm{f©H$ Xa go _yë`õmg bJmBE &

(iii) Šb~ Ho$ 90 gXñ` Wo VWm àË`oH$ gXñ` < 1,000 dm{f©H$ M§Xo H$m ^wJVmZ H$aVm
Wm & 4

.67/2/2 10

15. From the given Receipts and Payments Account and additional
information of Premier Club for the year ended 31st March, 2019, prepare
Income and Expenditure Account for the year ended 31st March, 2019
and Balance Sheet as on that date.

Receipts and Payments Account of Premier Club for the year
ended 31st March, 2019
Amount Amount
Receipts Payments
< <
By Furniture and
To Balance b/d 80,900 Equipment 1,00,000
(Purchased on 1.10.2018)

To Donations 39,000 By Salaries 62,000

To Subscriptions : By Balance c/d 68,600
2017  18 12,000

2018  19 70,000

2019  20 9,000 91,000

To Interest received 19,700

2,30,600 2,30,600

Additional Information :

(i) On 1st April, 2018, the Club had the following balance of assets
and liabilities :
Furniture and Equipment < 1,80,000, Subscriptions in
arrears < 15,000, and Outstanding Salary < 13,000.

(ii) Charge depreciation on Furniture and Equipment @ 10% p.a.

(iii) The Club had 90 members, each paying an annual subscription of
< 1,000. 4

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

16. `e VWm H$aU EH$ Am§V[aH$ gmOg‚mm \$_© Ho$ gmPoXma Wo & CZH$s ñWm`r ny±Or H«$_e:
< 6,00,000 VWm < 4,00,000 Wr & CZHo$ Mmby ImVm| _| H«$_e: < 4,00,000 VWm
< 5,00,000 Ho$ Ho«${S>Q> eof Wo & \$_© Ho$ gm_mÝ` g§M` _| < 1,00,000 H$m eof Wm & \$_©
H$s H$moB© Xo`Vm Zht Wr & CÝhm|Zo \$_© Ho$ bm^m| _| 1 d| ^mJ Ho$ {bE am{YH$m H$mo gmPoXma
4
~Zm`m & {nN>bo nm±M dfm] _| \$_© H$m Am¡gV bm^ < 5,00,000 Wm & Am¡gV bm^ Ho$
ny±OrH$aU H$s {d{Y Ûmam \$_© H$s »`m{V Ho$ _yë` H$s JUZm H$s{OE & ì`dgm` H$s gm_mÝ`
à{V\$b Xa 10% h¡ & 4
AWdm
g_rjm, Eoe VWm {Xì`m EH$ \$_© Ho$ gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^-hm{Z
~m±Q>Vo Wo & 1 Aà¡b, 2019 go Amaå^ H$aHo$ CÝhm|Zo ^mdr bm^-hm{Z H$m {d^mOZ 2 : 5 : 3
Ho$ AZwnmV _§o H$aZo H$m g_Pm¡Vm {H$`m & CZH$m pñW{V {ddaU bm^ -hm{Z ImVo _|
< 50,000 H$m Zm_ eof VWm {Zdoe CVma-M‹T>md H$mof _| < 40,000 H$m eof Xem© ahm Wm &
Bg CÔoí` Ho$ {bE `h gh_{V hþB© {H$ :
(i) \$_© H$s »`m{V H$m _yë`m§H$Z < 3,00,000 {H$`m OmE &
(ii) < 5,00,000 nwñVH$ _yë` Ho$ {Zdoem| H$m _yë`m§H$Z < 4,80,000 {H$`m OmE &
\$_© H$s nwñVH$m| _| Cn`w©º$ boZXoZm| H$m boIm H$aZo Ho$ {bE Amdí`H$ amoµOZm_Mm à{d{ï>`m±
H$s{OE & 4

17. AmhaU VWm < 2,00,000 Ho$ ewÕ bm^ H$m boIm H$aZo Ho$ níMmV² AbH$m VWm
AM©Zm Ho$ ny±Or ImVo H«$_e: < 4,00,000 VWm < 3,00,000 H$m O_m eof Xem©Vo h¢ & df©
2018 – 19 _| gmPoXmam| Ho$ AmhaU Wo :
(i) AbH$m Zo àË`oH$ {V_mhr Ho$ AÝV _§o < 10,000 H$m AmhaU {H$`m &
(ii) AM©Zm Ho$ AmhaU Wo :
<
31 _B©, 2018 8,000
1 Zd§~a, 2018 7,000
1 \$adar, 2019 5,000

31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE gmPoXmam| H$s ny±Or na 10% dm{f©H$ Xa go VWm
gmPoXmam| Ho$ AmhaU na 6% dm{f©H$ Xa go ã`mO H$s JUZm H$s{OE & 4
.67/2/2 12

16. Yash and Karan were partners in an interior designer firm. Their fixed
capitals were < 6,00,000 and < 4,00,000 respectively. There were credit
balances in their current accounts of < 4,00,000 and < 5,00,000
respectively. The firm had a balance of < 1,00,000 in General Reserve.
The firm did not have any liability. They admitted Radhika into
1
partnership for th share in the profits of the firm. The average profits
4
of the firm for the last five years were < 5,00,000. Calculate the value of
goodwill of the firm by capitalization of average profits method. The
normal rate of return in the business is 10%. 4
OR
Samiksha, Ash and Divya were partners in a firm sharing profits and
losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2019, they agreed
to share future profits and losses in the ratio of 2 : 5 : 3. Their Balance
Sheet showed a debit balance of < 50,000 in the Profit and Loss Account
and a balance of < 40,000 in the Investment Fluctuation Fund. For this
purpose, it was agreed that :
(i) Goodwill of the firm be valued at < 3,00,000.
(ii) Investments of book value of < 5,00,000 be valued at < 4,80,000.
Pass the necessary journal entries to record the above transactions in the
books of the firm. 4

17. The capital accounts of Alka and Archana showed credit balances of
< 4,00,000 and < 3,00,000 respectively, after taking into account
drawings and net profit of < 2,00,000. The drawings of the partners
during the year 2018  19 were :
(i) Alka withdrew < 10,000 at the end of each quarter.
(ii) Archana’s drawings were :
<
31st May, 2018 8,000
1st November, 2018 7,000
1st February, 2019 5,000
Calculate interest on partners’ capitals @ 10% p.a. and interest on
partners’ drawings @ 6% p.a. for the year ended 31st March, 2019. 4
.67/2/2 13 P.T.O.

18. hf©, H$mì`m VWm {Z{VZ gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
31 OwbmB©, 2019 H$mo {Z{VZ H$s _¥Ë`w hmo JB© & 31 _mM©, 2019 H$mo \$_© H$m pñW{V {ddaU
{ZåZ àH$ma go Wm :
31 _mM©, 2019 H$mo hf©, H$mì`m VWm {Z{VZ H$m pñW{V {ddaU
am{e am{e
Xo`VmE± <
n[agån{Îm`m± <
ny±Or : g§`§Ì VWm _erZar 9,00,000
hf© 5,00,000 ñQ>m°H$ 2,80,000
H$mì`m 4,00,000 XoZXma 2,70,000
{Z{VZ 3,00,000 12,00,000 ZJX> 80,000
df© 2018  19 H$m bm^ 2,00,000 {dkmnZ IM© 30,000
{d{dY boZXma 1,60,000
15,60,000 15,60,000

gmPoXmar g§boI Ho$ AZwgma _¥V gmPoXma H$s ny±Or Ho$ A{V[aº$ CgHo$ {ZînmXH$ H$mo {ZåZ Xo`
Wm :
(i) {nN>bo Xmo dfm] Ho$ Am¡gV bm^ Ho$ AmYma na bm^ _| ^mJ & df© 2017  18 H$m
bm^ < 1,60,000 Wm &
(ii) \$_© H$s »`m{V _| CgH$m ^mJ & »`m{V H$m _yë`m§H$Z {nN>bo Xmo dfm] Ho$ Am¡gV
bm^ Ho$ VrZ dfm] Ho$ H«$` Ho$ AmYma na {H$`m OmEJm &
(iii) 1 _B©, 2019 H$mo {Z{VZ Zo < 20,000 H$m AmhaU {H$`m &
CgHo$ {ZînmXH$ H$mo àñVwV H$aZo Ho$ {bE {Z{VZ H$m ny±Or ImVm V¡`ma H$s{OE & 4

19. {Xem, àr{V VWm G$pËdH$ EH$ \$_© Ho$ gmPoXma Wo VWm bm^-hm{Z 3 : 2 : 1 Ho$ AZwnmV _|
~m±Q>Vo Wo & 31 _mM©, 2019 H$mo \$_© H$m {dKQ>Z hmo J`m & n[agån{Îm`m| (amoH$‹S> H$mo N>mo‹S>H$a)
VWm ~mø Xo`VmAm| H$mo dgybr ImVo _| ñWmZmÝV[aV H$aZo Ho$ níMmV² {ZåZ{b{IV boZXoZ hþE :
(i) < 70,000 Ho$ EH$ XoZXma, {OgHo$ ImVo H$mo S>y~V G$U Ho$ ê$n _| An{b{IV H$a
{X`m J`m Wm, Zo nyU© {ZnQ>mZ _| < 68,000 H$m ^wJVmZ {H$`m &
(ii) EH$ boZXma, {OgH$mo < 1,00,000 H$m ^wJVmZ Xo` Wm, Zo < 56,000 H$m \$ZuMa
ñdrH$ma {H$`m VWm Cgo eof H$m ^wJVmZ M¡H$ Ûmam {H$`m J`m &
.67/2/2 14

18. Harsh, Kavya and Nitin were partners sharing profits and losses in the
ratio of 2 : 2 : 1. On 31st July, 2019, Nitin died. The Balance Sheet of the
firm as at 31st March, 2019 was as follows :

Balance Sheet of Harsh, Kavya and Nitin as at 31st March, 2019

Amount Amount
Liabilities Assets
< <
Plant and
Capitals :
Machinery 9,00,000
Harsh 5,00,000 Stock 2,80,000
Kavya 4,00,000 Debtors 2,70,000
Nitin 3,00,000 12,00,000 Cash 80,000
Profits for the year Advertisement
2,00,000
2018  19 Expenditure 30,000
Sundry Creditors 1,60,000
15,60,000 15,60,000

According to the Partnership deed, in addition to the deceased partner’s
capital, his executor is entitled to :
(i) Share in profits on the basis of average profits of the last two
years. Profit for the year 2017  18 was < 1,60,000.
(ii) His share in the goodwill of the firm. Goodwill will be valued on
the basis of three years’ purchase of the average profits of the last
two years.
(iii) Nitin withdrew < 20,000 on 1st May, 2019.
Prepare Nitin’s Capital Account which is to be rendered to his executor. 4
19. Disha, Preeti and Ritvik were partners in a firm sharing profits and
losses in the ratio of 3 : 2 : 1. The firm was dissolved on 31st March, 2019.
After transfer of assets (other than cash) and external liabilities to the
Realization Account, the following transactions took place :
(i) A debtor, whose debt of < 70,000 was written off as bad, paid
< 68,000 in full settlement.
(ii) A creditor, to whom < 1,00,000 were due to be paid, accepted
furniture at < 56,000 and the balance was paid to him by cheque.

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

(iii) G$pËdH$ Zo \$_© H$mo < 21,000 H$m EH$ G$U {X`m hþAm Wm & CgZo AnZo G$U Ho$
nyU© {ZnQ>mZ hoVw < 19,000 ñdrH$ma {H$E &
(iv) ñQ>m°H$ < 88,000 H$m Wm {Og_| go < 78,000 H$m ñQ>m°H$ {Xem Zo < 60,000 _§o
bo {b`m VWm eof ñQ>m°H$ H$mo < 12,000 _| ~oM {X`m J`m &
(v) {dKQ>Z na ì`` < 23,000 Wo VWm CZH$m ^wJVmZ \$_© Zo {H$`m &
(vi) {dKQ>Z na < 18,000 bm^ hþAm &
Cn`w©º$ boZXoZm| Ho$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 6

20. (i) Ho$Q>r {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 8,000, 9% G$UnÌm| H$m {ZJ©_Z, 10% Ho$ ~Å>o
na {H$`m & gmar am{e H$m ^wJVmZ AmdoXZ na H$aZm Wm & 9,000 G$UnÌm| Ho$ {bE
AmdoXZ àmá hþE VWm AmZwnm{VH$ AmYma na Am~§Q>Z H$a {X`m J`m &
Cn`w©º$ boZXoZm| Ho$ {bE Ho$Q>r {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m±
H$s{OE &
(ii) 1 Aà¡b, 2015 H$mo {ndQ> {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 40,000, 11% G$UnÌm|
H$m {ZJ©_Z {H$`m & 31 _mM©, 2019 H$mo AmYo G$UnÌ emoYZr` Wo &
31 _mM©, 2018 H$mo H$ånZr Zo Amdí`H$ Ý`yZV_ am{e H$m ñWmZm§VaU G$UnÌ
emoYZ g§M` _§o H$aZo H$m {ZU©` {b`m VWm 30 Aà¡b, 2018 H$mo Amdí`H$ am{e
H$m {Zdoe G$UnÌ emoYZ {Zdoe _| H$a {X`m &
G$UnÌm| Ho$ emoYZ Ho$ {bE Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 6
AWdm
(i) 1 Aà¡b, 2019 H$mo am_m {b{_Q>oS> Zo H¥$îUm {b{_Q>oS> H$s {ZåZ{b{IV n[agån{Îm`m±
VWm Xo`VmE± bt :
<
^y{_ VWm ^dZ 50,00,000
\$ZuMa 10,00,000
ñQ>m°H$ 5,00,000
boZXma 7,00,000
< 60,00,000 Ho$ H«$` _yë` H$m ^wJVmZ < 100 àË`oH$ Ho$ 12% G$UnÌm| H$mo
20% Ho$ àr{_`_ na {ZJ©{_V H$aHo$ {H$`m J`m &
Cn`w©º$ Ho$ {bE am_m {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE &
.67/2/2 16

(iii) Ritvik had given a loan of < 21,000 to the firm. He accepted
< 19,000 in full settlement of his loan.
(iv) Stock was worth < 88,000 out of which stock worth < 78,000 was
taken over by Disha at < 60,000 and the balance of the stock was
sold for < 12,000.
(v) Expenses on dissolution amounted to < 23,000 and were paid by
the firm.
(vi) Profit on dissolution amounted to < 18,000.
Pass the necessary journal entries for the above transactions in the books
of the firm. 6

20. (i) Kati Ltd. issued 8,000, 9% debentures of < 100 each at a discount
of 10%. The full amount was payable on application. Applications
were received for 9,000 debentures and allotment was made on
pro-rata basis.
Pass the necessary journal entries for the above transactions in the
books of Kati Ltd.
(ii) Pivot Ltd. issued 40,000, 11% debentures of < 100 each on
1st April, 2015. Half of the debentures were due for redemption on
31st March, 2019. The company decided to transfer the minimum
required amount to Debenture Redemption Reserve on
31st March, 2018 and invested the necessary amount in Debenture
Redemption Investments on 30th April, 2018.
Pass the necessary journal entries for Redemption of Debentures. 6
OR
(i) Rama Ltd. took over the following assets and liabilities of Krishna
Ltd. on 1st April, 2019 :
<
Land and Building 50,00,000
Furniture 10,00,000
Stock 5,00,000
Creditors 7,00,000
The purchase consideration of < 60,00,000 was paid by issuing
12% debentures of < 100 each at a premium of 20%.
Pass the necessary journal entries for the above in the books of
Rama Ltd.

.67/2/2 17 P.T.O.

(ii) 1 Aà¡b, 2018 H$mo gmjr {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 1,000, 11% G$UnÌm| H$m
{ZJ©_Z 6% Ho$ ~Å>o na {H$`m & BZ G$UnÌm| H$m emoYZ VrZ dfm] Ho$ níMmV²
5% àr{_`_ na H$aZm Wm &
gmjr {b{_Q>oS> H$s nwñVH$m| _o| G$UnÌm| Ho$ {ZJ©_Z Ho$ {bE Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE &
(iii) 1 Aà¡b, 2016 H$mo H¡$Zam ~¢H$ Zo < 100 àË`oH$ Ho$ 5,000, 9% G$UnÌm| H$m
{ZJ©_Z 6% Ho$ àr{_`_ na {H$`m & BZ G$UnÌm| H$m emoYZ 31 _mM©, 2019 H$mo
10% Ho$ àr{_`_ na hmoZm Wm & {ZJ©_Z nyU© ê$n go A{^XÎm hþAm &
H¡$Zam ~¢H$ H$s nwñVH$m| _o| G$UnÌm| Ho$ emoYZ H$s Amdí`H$ amoµOZm_Mm à{d{ï>`m±
H$s{OE & 6

21. _mYwar VWm Ae© EH$ \$_© Ho$ gmPoXma Wo VWm 3 : 1 Ho$ AZwnmV _o| bm^-hm{Z ~m±Q>Vo Wo &
31 _mM©, 2019 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2019 H$mo _mYwar VWm Ae© H$m pñW{V {ddaU
am{e am{e
Xo`VmE± <
n[agån{Îm`m± <
ny±Or : _erZar 4,70,000

_mYwar 3,00,000 {Zdoe 1,10,000
Ae© 2,00,000 5,00,000 XoZXma 1,20,000

KQ>m : Sy>~V G$Um| Ho$
H$m_Jma j{Vny{V© H$mof 60,000 {bE àmdYmZ 10,000 1,10,000

boZXma 1,90,000 ñQ>m°H$ 1,40,000

H$_©Mmar ^{dî` {Z{Y 1,10,000 amoH$‹S> 30,000

8,60,000 8,60,000

1
1 Aà¡b, 2019 H$mo CÝhm|Zo \$_© Ho$ bm^m| _| d| ^mJ Ho$ {bE Á`mo{V H$mo Z`m gmPoXma
4
~Zm`m & Á`mo{V AmZwnm{VH$ ny±Or VWm »`m{V àr{_`_ Ho$ AnZo ^mJ Ho$ {bE < 40,000
bmB© &

.67/2/2 18

(ii) On 1st April, 2018, Sakshi Ltd. issued 1,000, 11% Debentures of
< 100 each at a discount of 6%, redeemable at a premium of 5%
after three years.
Pass the necessary journal entries for the issue of debentures in
the books of Sakshi Ltd.

(iii) On 1st April, 2016, Canara Bank issued 5,000, 9% debentures of
< 100 each at a premium of 6%, redeemable on 31st March, 2019,
at a premium of 10%. The issue was fully subscribed.
Pass the necessary journal entries for redemption of debentures in
the books of Canara Bank. 6

21. Madhuri and Arsh were partners in a firm sharing profits and losses in
the ratio of 3 : 1. Their Balance Sheet as at 31st March, 2019, was as
follows :
Balance Sheet of Madhuri and Arsh as at 31st March, 2019
Amount Amount
Liabilities Assets
< <
Capitals : Machinery 4,70,000

Madhuri 3,00,000 Investments 1,10,000
Arsh 2,00,000 5,00,000 Debtors 1,20,000

Workmen’s Less : Provision for
Compensation Fund 60,000 doubtful debts 10,000 1,10,000

Creditors 1,90,000 Stock 1,40,000
Employees’ Provident
1,10,000 Cash 30,000
Fund
8,60,000 8,60,000
1 th
On 1st April, 2019, they admitted Jyoti into partnership for share in
4
the profits of the firm. Jyoti brought proportionate capital and < 40,000
as her share of goodwill premium.

.67/2/2 19 P.T.O.

{ZåZ{b{IV eVm] na gh_{V ~Zr :
(i) g§{X½Y G$Um| Ho$ àmdYmZ H$mo XoZXmam| Ho$ 10% na ~ZmE aIZm Wm &
(ii) ñQ>m°H$ H$m _yë`m§H$Z < 10,000 H$_ {H$`m J`m Wm &
(iii) EH$ nwamZo J«mhH$ Zo, {OgHo$ ImVo H$mo Sy>~V G$U Ho$ ê$n _§o An{b{IV H$a {X`m
J`m Wm, < 15,000 H$m ^wJVmZ {H$`m &
(iv) Ae© Zo 20% {Zdoe nwñVH$ _yë` na bo {bE &
(v) H$m_Jma j{Vny{V© H$m Xmdm < 70,000 Wm &
(vi) boZXmam| _| < 27,000 H$s EH$ am{e Wr {OgH$m Xmdm Zht {H$`m OmEJm &
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
AWdm
A{ZVm, Jm¡ad VWm gmoZy EH$ \$_© Ho$ gmPoXma Wo VWm AnZr ny±Or Ho$ AZwnmV _o| bm^-hm{Z
~m±Q>Vo Wo & 31 _mM©, 2019 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2019 H$mo A{ZVm, Jm¡ad VWm gmoZy H$m pñW{V {ddaU
am{e am{e
Xo`VmE± <
n[agån{Îm`m± <
ny±Or : ^y{_ VWm ^dZ 5,00,000

A{ZVm 2,00,000 {Zdoe 1,20,000

Jm¡ad 2,00,000 XoZXma 1,50,000

gmoZy 1,00,000 KQ>m : Sy>~V G$Um| Ho$
5,00,000 {bE àmdYmZ 10,000 1,40,000

{Zdoe CVma-M‹T>md H$mof 40,000 ñQ>m°H$ 1,00,000
gm_mÝ` g§M` 30,000 ~¢H$ _| ZJX 1,70,000

boZXma 4,60,000

10,30,000 10,30,000

.67/2/2 20

The following terms were agreed upon :
(i) Provision for doubtful debts was to be maintained at 10% on
debtors.
(ii) Stock was undervalued by < 10,000.
(iii) An old customer whose account was written off as bad, paid
< 15,000.
(iv) 20% of the investments were taken over by Arsh at book value.
(v) Claim on account of workmen’s compensation amounted to
< 70,000.
(vi) Creditors included a sum of < 27,000 which was not likely to be
claimed.
Prepare Revaluation Account, Partners’ Capital Accounts, and the
Balance Sheet of the reconstituted firm. 8

OR

Anita, Gaurav and Sonu were partners in a firm sharing profits
and losses in proportion to their capitals. Their Balance Sheet as at
31st March, 2019 was as follows :
Balance Sheet of Anita, Gaurav and Sonu as at 31st March, 2019
Amount Amount
Liabilities < Assets <
Capitals : Land and Building 5,00,000

Anita 2,00,000 Investments 1,20,000

Gaurav 2,00,000 Debtors 1,50,000
Less : Provision for
Sonu 1,00,000 5,00,000
doubtful debts 10,000 1,40,000
Investment Fluctuation
40,000 Stock 1,00,000
Fund
General Reserve 30,000 Cash at bank 1,70,000
Creditors 4,60,000

10,30,000 10,30,000

.67/2/2 21 P.T.O.

Cn`w©º$ {V{W H$mo A{ZVm Zo \$_© go AdH$me J«hU {H$`m VWm eof gmPoXmam| Zo ì`dgm` H$mo
Mmby aIZo H$m {ZU©` {H$`m & n[agån{Îm`m| VWm Xo`VmAm| H$m {ZåZ àH$ma go nwZ_y©ë`m§H$Z
H$aZo na gh_{V hþB© :
(i) \$_© H$s »`m{V H$m _yë`m§H$Z < 3,00,000 {H$`m J`m VWm »`m{V _| A{ZVm Ho$
^mJ H$m g_m`moOZ eof gmPoXmam| Jm¡ad VWm gmoZy Ho$ ny±Or ImVm| _| {H$`m J`m &
(ii) ^y{_ VWm ^dZ H$mo nwñVH$ _yyë` Ho$ 120% VH$ bmZm Wm &
(iii) < 20,000 Ho$ Sy>~V G$U Wo & Sy>~V G$Um| Ho$ àmdYmZ H$mo XoZXmam| Ho$ 10% na
~ZmE aIZm Wm &
(iv) {Zdoem| H$m ~mµOma _yë` < 1,10,000 Wm &
(v) A{ZVm H$mo Xo` am{e _| go < 1,00,000 H$m ^wJVmZ VwaÝV M¡H$ Ho$ Ûmam {H$`m J`m
VWm eof H$mo CgHo$ G$U ImVo _| ñWmZmÝV[aV H$a {X`m J`m, {OgH$m ^wJVmZ Xmo
~am~a dm{f©H$ {H$íVm| _o| 10% à{V df© ã`mO Xa g{hV {H$`m OmZm Wm &
A{ZVm Ho$ AdH$me J«hU H$aZo na 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

22. dr.S>r. {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 2,00,000 g_Vm A§em| H$mo < 6 à{V A§e Ho$ àr{_`_
na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & à{V A§e am{e H$m ^wJVmZ {ZåZ àH$ma
go H$aZm Wm :
AmdoXZ na – < 3 (< 1 àr{_`_ g{hV)
Am~§Q>Z na – < 7 (< 5 àr{_`_ g{hV)
àW_ VWm ApÝV_ `mMZm na – eof am{e
2,50,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & 10,000 A§em| Ho$ {bE AmdoXH$m| H$mo IoX nÌ
^oOo JE VWm CÝh| AmdoXZ am{e dmng H$a Xr JB© & eof AmdoXH$m| H$mo AmZwnm{VH$ AmYma
na A§em| H$m Am~§Q>Z H$a {X`m J`m & AmdoXZ na ^wJVmZ H$s JB© A{V[aº$ am{e H$m
g_m`moOZ Am~§Q>Z na Xo` am{e _| H$a {b`m J`m &
AJ_ H$mo Am~§{Q>V {H$E JE 1,000 A§em| H$mo N>mo‹S>H$a H$ånZr H$mo Am~§Q>Z na Xo` g^r
am{e àmá hmo JB© & Am~§Q>Z Ho$ VwaÝV níMmV² CgHo$ A§em| H$m haU H$a {b`m J`m & CgHo$
níMmV² àW_ VWm ApÝV_ `mMZm _m±Jr JB© & gr_m Zo, Omo 2,000 A§em| H$s YmaH$ Wr,
AnZo A§em| na àW_ VWm ApÝV_ `mMZm H$m ^wJVmZ Zht {H$`m & CgHo$ A§em| H$m ^r haU
H$a {b`m J`m & haU {H$E JE A§em| _| go AJ_ VWm gr_m àË`oH$ Ho$ 50% A§em| H$m
nwZ:{ZJ©_Z < 16 à{V A§e nyU© àXÎm H$a {X`m J`m &
Cn`w©º$ boZXoZm| H$m boIm H$aZo Ho$ {bE dr.S>r. {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE & 8
AWdm
.67/2/2 22

On the above date, Anita retired from the firm and the remaining
partners decided to carry on the business. It was agreed to revalue the
assets and reassess the liabilities as follows :
(i) Goodwill of the firm was valued at < 3,00,000 and Anita’s share of
goodwill was adjusted in the capital accounts of the remaining
partners, Gaurav and Sonu.
(ii) Land and Building was to be brought up to 120% of its book value.
(iii) Bad debts amounted to < 20,000. A provision for doubtful debts
was to be maintained at 10% on debtors.
(iv) Market value of investments was < 1,10,000.
(v) < 1,00,000 was paid immediately by cheque to Anita out of the
amount due and the balance was to be transferred to her loan
account which was to be paid in two equal annual instalments
along with interest @ 10% p.a.
Prepare the Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of the reconstituted firm on Anita’s retirement. 8
22. V.D. Ltd. invited applications for issuing 2,00,000 equity shares of < 10
each at a premium of < 6 per share. The amount per share was payable
as follows :
On application – < 3 (including premium < 1)
On allotment – < 7 (including premium < 5)
On first and final call – Balance amount
Applications were received for 2,50,000 shares. Applicants for 10,000
shares were sent letters of regret and application money returned to
them. Shares were allotted to the remaining applicants on a pro-rata
basis. Money overpaid on application was adjusted towards the sums due
on allotment.
The company received all the money due on allotment except from Agam,
who was allotted 1,000 shares. Her shares were forfeited immediately
after allotment. Afterwards, the first and final call was made. Seema, the
holder of 2,000 shares, did not pay the first and final call on her shares.
Her shares were also forfeited. 50% of the forfeited shares, each of Agam
and Seema, were reissued as fully paid-up @ < 16 per share.
Pass the necessary journal entries to record the above transactions in the
books of V.D. Ltd. 8
OR
.67/2/2 23 P.T.O.

H$moUmH©$ {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 3,00,000 A§em| H$mo {ZJ©{_V H$aZo Ho$ {bE AmdoXZ
Am_pÝÌV {H$E & à{V A§e am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm : AmdoXZ na < 3,
Am~§Q>Z na < 3 VWm àW_ VWm ApÝV_ `mMZm na < 4.
H$ånZr H$mo 4,00,000 A§em| Ho$ {bE AmdoXZ àmá hþE & Am~§Q>Z {ZåZ àH$ma go {H$`m J`m :
(i) 2,40,000 A§em| Ho$ AmdoXH$m| H$mo 2,00,000 A§em| H$m Am~§Q>Z &

(ii) 1,20,000 A§em| Ho$ AmdoXH$m| H$mo 80,000 A§em| H$m Am~§Q>Z &

(iii) eof AmdoXH$m| H$mo 20,000 A§em| H$m Am~§Q>Z &
AmdoXZm| na ^wJVmZ H$s JB© A{V[aº$ am{e H$m g_m`moOZ Am~§Q>Z na Xo` am{e _| H$a {b`m
J`m & {X{dO, EH$ A§eYmaH$, Omo loUr (ii) go g§~§{YV Wm VWm {OgZo 6,000 A§em| Ho$
{bE AmdoXZ {H$`m Wm, Am~§Q>Z VWm `mMZm am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & EH$
AÝ` A§eYmaH$ \¡$µOb Zo, {Ogo 10,000 A§em| H$m Am~§Q>Z {H$`m J`m Wm, `mMZm am{e H$m
^wJVmZ Am~§Q>Z Ho$ gmW H$a {X`m & \¡$µOb loUr (i) go g§~§{YV Wm &
{X{dO Ho$ A§em| H$m haU àW_ VWm ApÝV_ `mMZm Ho$ níMmV² H$a {b`m J`m & haU {H$E
JE A§emo| _| go AmYo A§em| H$m < 10 à{V A§e nyU© àXÎm nwZ:{ZJ©_Z H$a {X`m J`m &
Cn`w©º$ boZXoZm| H$m boIm H$aZo Ho$ {bE H$ånZr H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m±
H$s{OE & 8

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

23. {ZåZ{b{IV _| go H$m¡Z-gr _X ‘Mmby n[agån{Îm`m|’ Ho$ AÝVJ©V Zht h¡ ? 1

(A) amoH$‹S> VWm amoH$‹S> Vwë`
(B) ny±OrJV A{J«_
(C) bKw-Ad{Y G$U Ed§ A{J«_
(D) _mbgyMr (ñQ>m°H$)

.67/2/2 24

Konark Ltd. invited applications for issuing 3,00,000 shares of < 10 each.
The amount per share was payable as follows : < 3 on application, < 3 on
allotment, and < 4 on first and final call.

The company received applications for 4,00,000 shares. Allotment was
done as follows :

(i) Applicants of 2,40,000 shares were allotted 2,00,000 shares.

(ii) Applicants of 1,20,000 shares were allotted 80,000 shares.

(iii) Remaining applicants were allotted 20,000 shares.

Money overpaid on applications was adjusted towards sums due on
allotment. Divij, a shareholder, belonging to group (ii), who had applied
for 6,000 shares, failed to pay allotment and call money. Faisal, another
shareholder, who was allotted 10,000 shares, paid the call money along
with allotment. Faisal belonged to group (i).
Divij’s shares were forfeited after the first and final call. Half of the
forfeited shares were reissued @ < 10 per share fully paid.
Pass the necessary journal entries to record the above transactions in the
books of the company. 8
PART B
OPTION 1
(Analysis of Financial Statements)

23. Which of the following is not an item under ‘Current Assets’ ? 1

(A) Cash and Cash Equivalents

(B) Capital Advances
(C) Short-term Loans and Advances

(D) Inventories

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

24. ‘< 3,000 Ho$ _mb Ho$ ZJX {dH«$` go gH$b bm^ AZwnmV ~‹T>oJm &’ Š`m `h H$WZ ghr
h¡ ? AnZo CÎma Ho$ g_W©Z _§o H$maU Xr{OE & 1

25. G$U VWm A{J«_m| na àmá ZJX ã`mO H$m n[aUm_ ___________ J{V{d{Y`m| go amoH$‹S>
AÝVdm©h hmoVm h¡ & 1

26. < 10,00,000 H$s _erZar H$m H«$` {H$`m J`m & 40% am{e H$m ^wJVmZ < 10 àË`oH$ Ho$
g_Vm A§em| H$mo {ZJ©{_V H$aHo$ {H$`m J`m VWm eof H$m ^wJVmZ EH$ M¡H$ Ûmam {H$`m J`m &
Bg boZXoZ H$m n[aUm_ hmoJm : 1

(A) {Zdoe J{V{d{Y`m| _| à`wº$ amoH$‹S> < 6,00,000.
(B) {dÎmr` J{V{d{Y`m| Ûmam CËnÞ amoH$‹S> < 4,00,000.
(C) amoH$‹S> VWm amoH$‹S> Vwë` _| KQ>V < 10,00,000.
(D) {Zdoe J{V{d{Y`m| _| à`wº$ amoH$‹S> < 10,00,000.

27. {ZåZ{b{IV _| go H$m¡Z-gr EH$ ‘{dÎmr` {ddaU {díbofU’ H$s gr_m Zht h¡ ? 1

(A) `h ì`{º$JV njnmV go à^m{dV hmoVm h¡ &
(B) AÝVa-\$_© VwbZmË_H$ AÜ``Z g§^d &
(C) JwUmË_H$ {díbofU H$s H$_r &
(D) _yë` ñVa _| n[adV©Z H$s Cnojm H$aVm h¡ &

28. ‘amoH$‹S> àdmh {ddaU’ H$m Š`m AW© h¡ ? 1

29. ‘gwajm O_m’ H$mo H$ånZr Ho$ pñW{V {ddaU _| {ZåZ Cn-erf©H$ Ho$ AÝVJ©V Xem©`m OmVm h¡ : 1

(A) AÝ` AMb n[agån{Îm`m±
(B) XrK©-Ad{Y G$U VWm A{J«_
(C) ñWm`r n[agån{Îm`m±
(D) AÝ` Mmby Xo`VmE±
.67/2/2 26

24. ‘Sale of goods < 3,000 for cash will increase the Gross Profit Ratio.’ Is this
statement correct ? Give reason in support of your answer. 1

25. Interest received in cash on loans and advances results in cash inflow
from ___________ activity. 1

26. Machinery was purchased for < 10,00,000, paying 40% by issue of equity
shares of < 10 each and the balance by a cheque. This transaction will
result in : 1

(A) Cash used in investing activities < 6,00,000.

(B) Cash generated from financing activities < 4,00,000.

(C) Decrease in cash and cash equivalents < 10,00,000.

(D) Cash used in investing activities < 10,00,000.

27. Which of the following is not a limitation of ‘Financial Statements
Analysis’ ? 1

(A) It is affected by personal bias.

(B) Inter-firm comparative study possible.

(C) Lack of qualitative analysis.

(D) Ignores price level changes.

28. What is meant by ‘Cash Flow Statement’ ? 1

29. ‘Security Deposits’ are presented in the Balance Sheet of the company
under the subhead : 1

(A) Other Non-Current Assets

(B) Long-term Loans and Advances

(C) Fixed Assets

(D) Other Current Liabilities

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

30. nr. {b{_Q>oS> H$s nwñVH$m| go àmá {ZåZ{b{IV gyMZm go (i) {Zdoe na àË`m` VWm
(ii) G$U-g_Vm AZwnmV H$s JUZm H$s{OE :
gyMZm :
ã`mO VWm H$a níMmV² ewÕ bm^ < 6,00,000; 6% G$UnÌ < 10,00,000; {d{Z`mo{OV
ny±Or < 20,00,000, VWm H$a Xa 40%. 3

AWdm

(i) Mmby Xo`VmE± < 1,50,000, Mmby n[agån{Îm`m± < 2,80,000, ñQ>m°H$ < 40,000,
A{J«_ H$a < 30,000, VWm nyd©XÎm {H$am`m < 10,000.
Ëd[aV (Vab) AZwnmV H$s JUZm H$s{OE &
(ii) Am¡gV ñQ>m°H$ < 60,000, àMmbZm| go AmJ_ < 6,00,000, {dH«$` na gH$b hm{Z
Xa 10% h¡ &
BÝdoÝQ´>r (ñQ>m°H$) AmdV© AZwnmV H$s JUZm H$s{OE & 3

31. _mH©$ {b{_Q>oS> H$s nwñVH$m| go àmá {ZåZ{b{IV {ddaUm| go VwbZmË_H$ bm^-hm{Z {ddaU
V¡`ma H$s{OE : 4

ZmoQ> 2017 − 18 2016 − 17
{ddaU g§. < <
àMmbZm| go AmJ_ 50,00,000 40,00,000

ì`mnma-ñQ>m°H$ H$m H«$` 40,00,000 30,00,000

ñQ>m°H$ (BÝdoÝQ´>r) _| n[adV©Z 10,00,000 8,00,000

AÝ` ì`` 5,00,000 4,00,000

AÝ` Am` 2,50,000 2,00,000

AWdm

.67/2/2 28

30. From the following information obtained from the books of P. Ltd.,
calculate, (i) Return on Investment, and (ii) Debt-Equity Ratio :
Information :
Net Profit after interest and tax < 6,00,000; 6% Debentures < 10,00,000;
Capital employed < 20,00,000, and Tax rate 40%. 3

OR

(i) Current Liabilities < 1,50,000, Current Assets < 2,80,000,
Inventories < 40,000, Advance Tax < 30,000, and Prepaid Rent
< 10,000.
Calculate Quick Ratio.

(ii) Average Inventory < 60,000, Revenue from Operations < 6,00,000,
the rate of Gross Loss on Sales is 10%.
Calculate the Inventory Turnover Ratio. 3

31. From the following particulars obtained from the books of Mark Ltd.,
prepare a Comparative Statement of Profit and Loss : 4

Note 2017 − 18 2016 − 17
Particulars
No. < <
Revenue from operations 50,00,000 40,00,000

Purchase of stock-in trade 40,00,000 30,00,000

Changes in inventory 10,00,000 8,00,000

Other expenses 5,00,000 4,00,000

Other incomes 2,50,000 2,00,000

OR

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

31 _mM©, 2019 H$mo ñdamO {b{_Q>oS> Ho$ {ZåZ{b{IV pñW{V {ddaU go gm_mÝ` AmH$ma
pñW{V {ddaU V¡`ma H$s{OE : 4

ñdamO {b{_Q>oS>
31 _mM©, 2019 H$m pñW{V {ddaU

ZmoQ> 31.3.2019 31.3.2018
{ddaU g§. < <
I – g_Vm VWm Xo`VmE± :

1. A§eYmaH$ {Z{Y`m± :
(H$) A§e ny±Or 34,00,000 30,00,000

(I) g§M` Ed§ Am{YŠ` 10,00,000 10,00,000

2. AMb Xo`VmE± :
XrKm©d{Y CYma 5,00,000 3,00,000

3. Mmby Xo`VmE± :
ì`mnm[aH$ Xo` 1,00,000 7,00,000

Hw$b 50,00,000 50,00,000

II – n[agån{Îm`m± :

1. AMb n[agån{Îm`m± :
ñWm`r n[agån{Îm`m± :
_yV© n[agån{Îm`m± 36,00,000 28,00,000

2. Mmby n[agån{Îm`m± :
(H$) _mbgyMr (ñQ>m°H$) 13,00,000 20,00,000
(I) amoH$‹S> Ed§ amoH$‹S> Vwë` 1,00,000 2,00,000
Hw$b 50,00,000 50,00,000

.67/2/2 30

From the following Balance Sheet of Swaraj Ltd., as at 31st March, 2019,
prepare a common size Balance Sheet : 4
Swaraj Ltd.
Balance Sheet as at 31st March, 2019

Note 31.3.2019 31.3.2018
Particulars No. < <
I – Equity and Liabilities :

1. Shareholders Funds :

(a) Share Capital 34,00,000 30,00,000

(b) Reserves and Surplus 10,00,000 10,00,000

2. Non-Current Liabilities :

Long-term Borrowings 5,00,000 3,00,000

3. Current Liabilities :

Trade Payables 1,00,000 7,00,000

50,00,000 50,00,000
Total
II – Assets :

1. Non-Current Assets :

Fixed Assets :

Tangible Assets 36,00,000 28,00,000

2. Current Assets :

(a) Inventories 13,00,000 20,00,000

(b) Cash and Cash Equivalents 1,00,000 2,00,000

Total 50,00,000 50,00,000

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

32. 31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE {nZoH$b {b{_Q>oS> H$m àMmbZ J{V{d{Y`m| go
amoH$‹S> àdmh < 28,000 Wm & 31 _mM©, 2019 H$mo {nZoH$b {b{_Q>oS> H$m pñW{V {ddaU
ImVm| Ho$ ZmoQ²>g Ho$ gmW ZrMo {X`m J`m h¡ :
{nZoH$b {b{_Q>oS>
31 _mM©, 2019 H$m pñW{V {ddaU
ZmoQ> 31.3.2019 31.3.2018
{ddaU g§. < <
I – g_Vm Ed§ Xo`VmE± :
1. A§eYmar$ {Z{Y`m± :
(H$) A§e ny±Or 9,00,000 5,00,000

(I) g§M` Ed§ Am{YŠ` 1 90,000 1,10,000
2. AMb Xo`VmE± :
XrKm©d{Y CYma 2 3,00,000 2,00,000
3. Mmby Xo`VmE± :
ì`mnm[aH$ Xo` 60,000 80,000
Hw$b 13,50,000 8,90,000

II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± :
ñWm`r n[agån{Îm`m± :
(i) _yV© n[agån{Îm`m± 3 7,46,000 5,24,000

(ii) A_yV© n[agån{Îm`m± 4 36,000 76,000
2. Mmby n[agån{Îm`m± :
(H$) Mmby {Zdoe 1,30,000 20,000
(I) _mbgyMr (ñQ>m°H$) 2,00,000 1,30,000
(J) amoH$‹S> Ed§ amoH$‹S> Vwë` 2,38,000 1,40,000
Hw$b 13,50,000 8,90,000

.67/2/2 32

32. Cash flow from the operating activities of Pinnacle Ltd. for the year
ended 31st March, 2019 was < 28,000. The Balance Sheet along with
notes to accounts of Pinnacle Ltd. as at 31st March, 2019 is given below :
Pinnacle Ltd.
Balance Sheet as at 31st March, 2019

Note 31.3.2019 31.3.2018
Particulars No. < <
I – Equity and Liabilities :

1. Shareholders Funds :
(a) Share Capital 9,00,000 5,00,000
(b) Reserves and Surplus 1 90,000 1,10,000

2. Non-Current Liabilities :
Long-term Borrowings 2 3,00,000 2,00,000

3. Current Liabilities :
Trade Payables 60,000 80,000
Total 13,50,000 8,90,000

II – Assets :

1. Non-Current Assets :
Fixed Assets :

(i) Tangible Assets 3 7,46,000 5,24,000
(ii) Intangible Assets 4 36,000 76,000

2. Current Assets :
(a) Current Investments 1,30,000 20,000
(b) Inventories 2,00,000 1,30,000
(c) Cash and Cash Equivalents 2,38,000 1,40,000
Total 13,50,000 8,90,000

.67/2/2 33 P.T.O.

ImVm| Ho$ ZmoQ²>g :
ZmoQ> 31.3.2019 31.3.2018
{ddaU
g§. < <
1. g§M` Ed§ Am{YŠ` :

(bm^-hm{Z {ddaU _| eof) 90,000 1,10,000
2. XrKm©d{Y CYma :

9% G$UnÌ 3,00,000 2,00,000
3. _yV© n[agån{Îm`m± :
g§`§Ì VWm _erZar 8,86,000 6,04,000
EH${ÌV (g§{MV) _yë`õmg (1,40,000) (80,000)
7,46,000 5,24,000
4. A_yV© n[agån{Îm`m± :

»`m{V 36,000 76,000
AmnH$mo {ZåZ{b{IV A{V[aº$ gyMZm Xr JB© h¡ :
(i) < 90,000 nwñVH$ _yë` H$s EH$ _erZar ({Og na < 23,000 H$m _yë`õmg {X`m
J`m Wm) H$mo < 12,000 bm^ na ~oMm J`m &
(ii) 9% G$UnÌm| H$m {ZJ©_Z 1 Aà¡b, 2018 H$mo {H$`m J`m &
amoH$‹S> àdmh {ddaU V¡`ma H$s{OE & 6

^mJ> I
{dH$ën 2
(A{^H${bÌ boIm§H$Z)

23. ##### Aew{Õ {XImB© XoVr h¡ O~ : 1
(A) H$moB© G$UmË_H$ S>oQ>m ^am OmE &
(B) H$m°b_ H$s Mm¡‹S>mB© n`m©á Z hmo &
(C) g_` H$s G$UmË_H$ BH$mB© ^ar hmo &
(D) Cn`w©º$ g^r &
.67/2/2 34

Notes to Accounts :

Note 31.3.2019 31.3.2018
Particulars
No. < <
1. Reserves and Surplus :

(Balance in Statement of Profit
and Loss) 90,000 1,10,000
2. Long-term Borrowings :

9% Debentures 3,00,000 2,00,000
3. Tangible Assets :
Plant and Machinery 8,86,000 6,04,000
Accumulated Depreciation (1,40,000) (80,000)
7,46,000 5,24,000
4. Intangible Assets :

Goodwill 36,000 76,000
You are given the following additional information :
(i) A machinery of the book value of < 90,000, (depreciation provided
thereon was < 23,000) was sold at a profit of < 12,000.
(ii) 9% debentures were issued on 1st April, 2018.
Prepare the Cash Flow Statement. 6
PART B
OPTION 2
(Computerised Accounting)

23. 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.

.67/2/2 35 P.T.O.

24. ___________ S>oQ>m~og H$mo Eogr dmñV{dH$ e{º$ àXmZ H$aVm h¡ {H$ dh Eo go O{Q>b àíZm| Ho$
CÎma XoZo _| gj_ hmo Ohm± S>oQ>m H$m g§~§Y ___________ Vm{bH$mAm| go hmo & 1

25. EH$ Eogm H$moS> {Og_§o Aja d g§{já Zm_ H$m à`moJ EH$ gyMZm Ho$ ^mJ H$mo {M{•V H$aZo Ho$
{bE {H$`m OmVm h¡ ___________ H$moS> Ho$ Zm_ go OmZm OmVm h¡ & 1

26. ___________ à_mUH$ H$m à`moJ ImVm~hr _| µJ¡a-ZH$Xr _Xm| (boZXoZ) H$mo g_m`mo{OV
H$aZo Ho$ {bE {H$`m OmVm h¡ & 1

27. hmS>©do`a go Ame` h¡ : 1
(A) V§Ì gm°âQ>do`a d AZwà`moJ `mo½` gm°âQ>do`a &
(B) A{^H${bÌ g§~§{YV no[a\o$ab d CZH$m Omb &
(C) {H$gr H$m`© H$mo H$aZo Ho$ {bE {H«$`mAm| H$m EH$ Vm{H©$H$ H«$_ &
(D) Cn`w©º$ g^r &

28. n[agån{Îm`m| H$s gwajm d g§gmYZm| Ho$ AZwHy$bV_ Cn`moJ Ho$ {bE EH$ ì`dgm` : 1
(A) Am§V[aH$ {Z`§ÌU aIVm h¡ &
(B) Ho$db A{YH$V_ AmJ_ A{O©V H$aZo H$m à`ËZ H$aVm h¡ &
(C) Ho$db `WmW© boIm§H$Z A{^boIm| H$mo gw{ZpíMV H$aVm h¡ &
(D) Ho$db n[agån{Îm`m| H$s gwajm H$aVm h¡ &

29. ‘àmB_ar H$s’ joÌ _§o S>oQ>m H$m hmoZm : 1
(A) A{Zdm`© ê$n go Amdí`H$ Zht h¡ &
(B) Amdí`H$ Vmo h¡ na dh A{ÛVr` hmo µOê$ar Zht &
(C) Amdí`H$ ^r h¡ d A{ÛVr` ^r hmoZm Mm{hE &
(D) Cn`w©º$ g^r &
30. EH$ doVZ {~b Ho$ Ûmam Š`m gyMZm àXmZ H$s OmVr h¡ ? 3

AWdm
‘noamob’ S>oQ>m~og Ho$ {d{^Þ JwUm| H$s gyMr ~ZmBE & 3

.67/2/2 36

24. The ___________ provides real power to database in terms of its capacities
to answer complex requests involving data to be taken from ___________
tables. 1

25. A code which consists of alphabet or abbreviation as symbol to codify a
piece of information is known as ___________ code. 1

26. A ___________ voucher is used for adjustment of non-cash transaction in
the ledger. 1

27. Hardware refers to : 1
(A) System software and application software.

(B) Computer associated peripherals and their network.

(C) A logical sequence of actions to perform a task.

(D) All of the above.

28. To safeguard assets and optimise the use of resources, a business : 1
(A) Keeps internal controls.
(B) Only tries to achieve maximum revenue.
(C) Only ensures accurate accounting records.
(D) Only safeguards assets.

29. 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.

30. What information is provided by a salary bill ? 3

OR
List the various attributes of a ‘payroll’ database. 3

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31. CXmhaUm| H$s ghm`Vm go ‘ApÝV_ à{d{ï>’ d ‘g_m`moOZ à{d{ï>’ g_PmBE & 4

AWdm
Cn`moJH$Vm© Ûmam EH$ M`Z {H$E JE gd©a S>oQ>m~og Ho$ {bE A{YH$ _yë` H$m ^wJVmZ H$aZo Ho$
H$moB© Mma g§^m{dV bm^ ~VmBE & 4

32. E. a§OZ {b{_Q>oS> Ho$ H$m`m©b` h¡Xam~mX d gyaV _| pñWV h¢ & h¡Xam~mX Ho$ {bE _H$mZ
{H$am`m ^Îmm (HRA) < 21,000 h¡ Am¡a gyaV Ho$ {bE `h < 18,000 h¡ & _h±JmB© ^Îmo
(DA) H$s JUZm _yb doVZ (BP) na H$s OmVr h¡ & `{X _yb doVZ  < 25,000 h¡,
Vmo$12% VWm `{X _yb doVZ  < 30,000 h¡, Vmo 10% & _mZH$ {Xdg 30 {XZ à{V _hrZm
_mZo OmVo h¢ &
{ZåZ{b{IV H$_©Mm[a`m| Ho$ {bE gyÌ ~VmVo hþE gH$b doVZ H$s JUZm EŠgob gyÌm| Ho$
AZwgma H$s{OE :
(i) {demb h¡Xam~mX H$m`m©b` _| H$m`©aV h¡ >& CgH$m _yb doVZ < 40,000 h¡ & CgZo
{~Zm doVZ H$moB© AdH$me Zht {b`m h¡ &
(ii) g§JrVm E. a§OZ {b{_Q>oS Ho$ gyaV H$m`m©b` _| H$m`©aV h¡ & CgH$m _yb doVZ
< 20,000 h¡ & CgZo Mma {XZ H$m {~Zm doVZ AdH$me {b`m h¡ & 6

.67/2/2 38

31. Explain ‘closing entry’ and ‘adjustment entry’ with the help of examples. 4

OR

Explain any four advantages expected by the user for paying high price
for a chosen server database. 4

32. A. Ranjan Ltd. has its offices in Hyderabad and Surat. HRA for
Hyderabad is < 21,000 and for Surat it is < 18,000. DA is calculated on
Basic Pay (BP) as 12% for BP  < 25,000, and 10% for BP  < 30,000.
Standard number of days are taken as 30 days per month.
Give the formulae and calculate the amount of Gross Salary using Excel
for the following employees :
(i) Vishal is working in Hyderabad office. His Basic Pay is < 40,000.
He has not availed any leave without pay.
(ii) Sangeeta is working in Surat office of A. Ranjan Ltd. Her Basic
Pay is < 20,000. She availed four days of leave without pay. 6

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