Kerala Plus Two Question Paper 2024 Accountancy with Computersized Accounting

Kerala Board

Question Paper
2024

Reg. No. : ......................................
SY-550 Name : ...........................................

SECOND YEAR HIGHER SECONDARY EXAMINATION, MARCH – 2024

Part – III
ACCOUNTANCY WITH COMPUTERISED ACCOUNTING
Maximum : 60 Scores
Time : 2 Hours
Cool-off time : 15 Minutes

General Instructions to Candidates :
 There is a ‘Cool-off time’ of 15 minutes in addition to the writing time.
 Use the ‘Cool-off time’ to get familiar with questions and to plan your answers.
 Read questions carefully before answering.
 Read the instructions carefully.
 Calculations, figures and graphs should be shown in the answer sheet itself.
 Malayalam version of the questions is also provided.
 Give equations wherever necessary.
 Electronic devices except non-programmable calculators are not allowed in the
Examination Hall.

  :
    15  ‘  ’ .
 ‘  ’    
 .
      .
    .
  , , ,   
.
   .
    .
     
    .

SY-550 1 P.T.O.

PART – A
(Accounting)
(Maximum : 40 Scores)

Answer all questions from 1 to 4. Each carries 1 score. (4  1 = 4)

1. Under fixed capital method, partner’s commission is credited to _________.

(a) Current A/c (b) Capital A/c

(c) Revaluation A/c (d) Realisation A/c

2. On admission of a partner, the amount of General Reserve is transferred to old
partner’s capital account in _________.

(a) Sacrificing Ratio (b) New Ratio

(c) Old Ratio (d) Gaining Ratio

3. In the case of death, the total amount due to the deceased partner is transferred to his
_________.

(a) Executor’s Capital Account (b) Revaluation Account

(c) Executor’s Loan Account (d) Capital Account

4. X, Y and Z are partners sharing profits in the ratio of 5 : 3 : 2. X retires and new ratio
between Y and Z is _________.

(a) 3:2 (b) 5:3

(c) 2:3 (d) 6:2

Answer any 3 questions from 5 to 8. Each carries 2 scores. (3  2 = 6)

5. Write the provisions applicable in the absence of partnership deed.

(a) Profit sharing ratio : _________

(b) Interest on loan : _________

SY-550 2

PART – A
(Accounting)
(Maximum : 40 Scores)

1  4    . 1  .

(4  1 = 4)
1.    ,   _________ 
 .
(a)   (b)  
(c)   (d)  

2.   ,     
   _________.
(a)   (b)  
(c)   (d)  

3.  ,     
 _________  .
(a)    
(b)  
(c)    
(d)  

4. X, Y, Z  5 : 3 : 2     . X
, Y  Z     _________.
(a) 3:2 (b) 5:3
(c) 2:3 (d) 6:2

5  8   3  . 2 
. (3  2 = 6)
5.      .
(a)    : _________
(b)   : _________

SY-550 3 P.T.O.

6. ‘A newly admitted partner acquires two main rights in the firm.’ Mention the rights.

7. Fill in the blanks using the hints :

Hint : Treatment of Losses in case of dissolution of a firm

(i) first out of _________,

(ii) next out of _________, and

(iii) lastly, if necessary, by the partners individually in their profit sharing ratio.

8. Aswin and Neha are partners in a firm sharing profits and losses in the ratio of 5 : 3,
Sachu is admitted as a new partner for 1/4 share in profits. He should brings in
` 75,000 as capital and his share of goodwill ` 40,000. Give necessary Journal Entries.

Answer all questions from 9 to 12. Each carries 3 scores. (4  3 = 12)

9. Write any three differences between fixed capital and fluctuating capital methods.

10. The following relate to the profit made by a firm for the last four years :

Year : 2019 2020 2021 2022

Profit : 20,000 40,000 50,000 70,000

The capital employed by firm is ` 2,00,000 and calculate the goodwill at 4 years’
purchase of super profit assuming normal rate of return is 10%.

11. A, B and C are equal partners in a firm. B decides to retire from the firm. Write the
journal entry for the following :

(a) Reserve ` 3,000
(b) Profit and Loss Account (Loss) ` 6,000

SY-550 4

6.       
 .   ?

7.    .
 :      
(i)  _________
(ii)  _________, 
(iii) , ,   
  .

8.     . 5 : 3 
    .  1/4 
   .  75,000  
40,000    .  
 .

9  12    . 3  .
(4  3 = 12)
9.         
 .

10.        
.
 : 2019 2020 2021 2022
 : 20,000 40,000 50,000 70,000
   ` 2,00,000     10%
    4   
.

11. , ,      .  
  .
   .
(a)  3,000 
(b)   () 6,000 

SY-550 5 P.T.O.

12. Write any three differences between dissolution of partnership and dissolution of
partnership of a firm.

Answer all questions from 13 to 14. Each carries 5 scores. (2  5 = 10)
13. Calculate interest on capital @ 6% p.a. from the following data. Account year ended
on 31st December 2023 :
Amal Bimal
Account balance on 01/01/2023 40,000 30,000
Additional capital on 01/05/2023 20,000 30,000
Withdrawals on 01/10/2023 10,000 nil

14. A, B and C are partners in a firm. A retires from the firm on 1st January 2023.
` 60,000 is due to him which B and C promise to pay in three equal annual
instalments together with interest at 10% per annum. Prepare A’s Loan Account for
the three years.

Answer any 1 question from 15 to 16. Carries 8 scores. (1  8 = 8)
15. Following is the balance sheet of Arjun and Bineesh sharing profit and losses in the
ratio of 3 : 2 as on 31st March 2023 :
Balance Sheet
Liabilities ` Assets `

Creditors 67,000 Cash in hand 4,000
Reserve 8,000 Sundry debtors 40,000
Capitals : Stock 56,000
Arjun 25,000 Land and Buildings 20,000
Bineesh 20,000 45,000

1,20,000 1,20,000

They admit Vimal into partnership and gave him 1/4 share in future profits on the
following terms :
(1) Vimal to bring ` 35,000 as his capital and ` 12,000 for goodwill.

SY-550 6

12.     
    .

13  14     . 5 
. (2  5 = 10)
13.     6%   
2023  31- .
 
  01/01/2023 40,000 30,000
  01/05/2023 20,000 30,000
 on 01/10/2023 10,000 

14. , ,    .    2023  1-
  . 60,000  , 
       
.  10%  .     
 .

15  16   1   . 8 .
(1  8 = 8)
15. 3 : 2     ,  
2023  31     .
 
 `  `
 67,000   4,000
 8,000   40,000
 :  56,000

 25,000   20,000

 20,000 45,000

1,20,000 1,20,000

      1/4
      :
(1)  35,000   12,000  
.
SY-550 7 P.T.O.

(2) The old partners had to withdraw the full amount in for goodwill immediately in
cash.

(3) The firm had unrecorded investment for ` 8,000 and had to bring into record.

(4) Stock be reduced by 10%.

(5) Provision of 5% be made on debtors for doubtful debts.

Prepare Revaluation Accounts, Capital Accounts and Balance Sheet after the
admission of Vimal.

16. A, B are partners sharing Profit and Losses in the ratio of 3 : 2. The Balance Sheet as
on 31st December 2023 was as follows :

Balance Sheet

Liabilities ` Assets `
Creditors 60,000 Bank 53,500

Mrs. A’s Loan 6,000 Stock 25,000

B’s Loan 4,000 Furniture 20,000

Capitals : Profit and Loss

A 18,000 Account 1,500

B 12,000 30,000

1,00,000 1,00,000

The firm was dissolved on 31st December 2023. As a result

(1) Stock realised ` 23,000

(2) Furniture realised ` 24,000

(3) Creditors were settled at discount ` 1,000

(4) Realisation expense paid ` 1,000

Prepare Realisation Account, Capital Account and Cash Account.

SY-550 8

(2)       
 .
(3)  8,000   , 
  .
(4)  10% .
(5)   5%  .
    , 
,    .

16. A, B  3 : 2      . 2023
 31     
 
 `  `
 60,000  53,500

.    6,000  25,000

   4,000  20,000

 :    1,500

A 18,000
B 12,000 30,000

1,00,000 1,00,000

2023  31-  , 

(1)  23,000  
(2)  24,000  
(3)  1,000   
(4)   1,000  
     
.

SY-550 9 P.T.O.

PART – B
(Computerised Accounting)
(Maximum : 20 Scores)

Answer all questions from 17 to 19. Each carries 1 score. (3  1 = 3)

17. The function that returns the current system date and time is _________.

(a) TODAY Function

(b) NOW Function

(c) DAY Function

(d) MONTH Function

18. CLT-Kozhikode is an example of _________.

(a) Sequential codes

(b) Block code

(c) Mnemonic codes

(d) None of these

19. The Voucher used for adjustment entries in Gnukhata

(a) Receipt (b) Journal

(c) Purchase (d) Payment

Answer any 4 questions from 20 to 24. Each carries 2 scores. (4  2 = 8)

20. Write the appropriate spreadsheet functions from the following :

(a) To count number of empty cell in the given range.

(b) The function combines several text strings of different cells into one string.

SY-550 10

PART – B
(Computerised Accounting)
(Maximum : 20 Scores)

17  19     . 1 

. (3  1 = 3)

17.       .
(a) TODAY  (b) NOW 

(c) DAY  (d) MONTH 

18. CLT- _________   .

(a)  
(b)  
(c)  
(d) 

19.       ?
(a)  (b) 
(c)  (d) 

20  24   4   . 2 
. (4  2 = 8)

20.      .
(a)      
.
(b)        
 .

SY-550 11 P.T.O.

21. Identify the elements of a chart mentioned below :

(a) The entire area of a chart

(b) Identifier of a piece of information

22. Write the steps for preparing chart in Libre office calc.

23. How to delete a Ledger Account in Gnukhata ?

24. Write short note on the following :

(a) Table

(b) Query

Answer any 3 questions from 25 to 28. Each carries 3 scores. (3  3 = 9)

25. Explain any three sub-systems of Accounting Information System.

26. Classify the following Payroll components into Earnings and Deductions :

Basic pay

HRA

TDS

PF

DA

Professional tax

SY-550 12

21.     .

(a)    

(b)   

22.        ?

23.       ?

24.      .

(a) 

(b) 

25  28   3   . 3 
. (3  3 = 9)

25.       
.

26.    ,   
 

..
.
.
 

SY-550 13 P.T.O.

27. Explain any three features of Gnukhata.

28. Write the application of the following functions :

(a) COUNTIF

(b) PMT

(c) SUM IF

____________

SY-550 14

27.     .

28.     .

(a) COUNTIF

(b) PMT

(c) SUM IF

____________

SY-550 15 P.T.O.

SY-550 16

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