TN 12th Question Paper 2023 Accountancy

Tamil Nadu
State Board

2023
QUESTION
PAPER

No. of Printed Pages : 24
6657
£vÄ Gs
A Register Number

!6657Accountancy!
PART - III
PnUS¨£v¯À / ACCOUNTANCY
( uªÌ ©ØÖ® B[Q» ÁÈ / Tamil & English Version )

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

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

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

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

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

[ v¸¨¦P / Turn over

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1. A, B ©ØÖ® C GßÓ TmhõÎPÒ 4 : 2 : 3 GßÓ ÂQuzvÀ C»õ£ |mhzøu £Qº¢x
Á¢uÚº. uØ÷£õx ‘A’ »SQÓõº. B ©ØÖ® C &°ß ¦v¯ C»õ£¨ £QºÄ ÂQu® :
(A) 2 : 3 (B) 4 : 2 (C) 2 : 1 (D) 3 : 2
A, B, C are partners sharing profits and losses in the ratio of 4 : 2 : 3. ‘A’ retires.
The new profit sharing ratio between B and C will be :
(a) 2:3 (b) 4:2 (c) 2:1 (d) 3:2

2. TmhõÎPÎhª¸¢x {ÖÁÚ® PhßPÒ ö£ØÔ¸¢uõÀ, AUPhßPÐUS, C¢v¯
Tmhõsø©a \mh®, 1932 &ß £i ÁÇ[P¨£k® Ámi Ãu® :
(A) BskUS 5% (B) BskUS 8%
(C) BskUS 6% (D) BskUS 12%
As per the Indian Partnership Act, 1932, the rate of interest allowed on loans
advanced by partners is :
(a) 5% per annum (b) 8% per annum
(c) 6% per annum (d) 12% per annum

3. E›ø©¯õÍ›ß ö\õzxPÒ ` 5,00,000 ©ØÖ® ö£õÖ¨¦PÒ ` 2,00,000 GÛÀ
AÁ¸øh¯ •uÀöuõøP :
(A) ` 7,00,000 (B) ` 5,00,000 (C) ` 3,00,000 (D) ` 2,00,000
The amount of Capital of the proprietor, if his Assets are ` 5,00,000 and Liabilities
are ` 2,00,000 :
(a) ` 7,00,000 (b) ` 5,00,000 (c) ` 3,00,000 (d) ` 2,00,000

4. {v GßÝ® ö\õÀ SÔ¨¤kÁx :
(A) {ø»a ö\õzxPÒ (B) |h¨¦¨ ö£õÖ¨¦PÒ
(C) }shPõ»a ö\õzxPÒ (D) |øh•øÓ •uÀ
The term “fund” refers to :

(a) Fixed Assets (b) Current Liabilities
(c) Non-current Assets (d) Working Capital

A

3 6657

5. ¤ßÁ¸® ÁõUQ¯[PÎÀ Gx \›¯õÚx ?

(A) |Øö£¯º J¸ PØ£øÚa ö\õzx

(B) |Øö£¯º J¸ ¦»ÚõPõa ö\õzx

(C) |Øö£¯›øÚ Áõ[P •i¯õx

(D) |Øö£¯º J¸ |h¨¦a ö\õzx
Which of the following statement is true ?

(a) Goodwill is a fictitious asset

(b) Goodwill is an intangible asset

(c) Goodwill cannot be acquired

(d) Goodwill is a current asset

6. J¸ ö£õx AÍÄ C¸¨¦{ø»U SÔ¨¤À, }shPõ»a ö\õzxPÎß \uÃu® 85
GÛÀ, |h¨¦a ö\õzxPÎß \uÃu® GÆÁÍÄ ?

(A) 15 (B) 185 (C) 100 (D) 115
In a Common-size Balance Sheet, if the percentage of non-current Asset is 85,
what would be the percentage of Current Assets ?

(a) 15 (b) 185 (c) 100 (d) 115

7. ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´UPõÚ AhUP Âø» ` 3,00,000; AÆÁõsiß
öuõhUPa \µUQ¸¨¦ ` 60,000; AÆÁõsiß CÖva \µUQ¸¨¦ ` 40,000 GÛÀ,
\µUQ¸¨¦ _ÇØ] ÂQu® :

(A) 6 ©h[S (B) 2 ©h[S (C) 8 ©h[S (D) 3 ©h[S
Cost of Revenue from operations ` 3,00,000; Inventory in the beginning of the
year ` 60,000; Inventory at the close of the year ` 40,000. Inventory turnover
ratio is :

(a) 6 times (b) 2 times (c) 8 times (d) 3 times

A [ v¸¨¦P / Turn over

6657 4

8. JÖ¨¤Ç¨¦ ö\´u £[SPøÍ, ©ÖöÁαk ö\´u ¤ÓS, £[S JÖ¨¤Ç¨¦U
PnUQß C¸¨¦ ©õØÓ¨£kÁx :
(A) £zvµ •øÚ©U PnUQØS (B) ö£õxU Põ¨¦ PnUQØS
(C) E£› PnUQØS (D) •u¼ÚU Põ¨¦ PnUQØS
After the Forfeited shares are Reissued, the balance in the Forfeited shares
account should be transferred to :
(a) Securities Premium account (b) General Reserve account
(c) Surplus account (d) Capital Reserve account

9. F11 \õ塧 £¯ß£õk :

(A) {ÖÁÚ Pmhø©¨¦
(B) {ÖÁÚ¨ £s¦UTÖPÒ
(C) \mh® ©ØÖ® Á›Âv¨¦ £s¦UTÖPÒ
(D) PnUQ¯À \õßÓõÁn[PÒ
Function key F11 is used for :
(a) Company Configuration
(b) Company Features
(c) Statutory and Taxation features
(d) Accounting Vouchers

10. TmhõΠ»P¼ß÷£õx ö£õx Põ¨¦ ©õØÓ¨£kÁx :
(A) öuõh¸® TmhõÎPÎß •uÀ PnUQØS
(B) AøÚzx TmhõÎPÎß •uÀ PnUQØS
(C) {øÚÄU SÔ¨¦ ©Ö©v¨¥mk PnUQØS
(D) ©Ö©v¨¥mkU PnUQØS
On retirement of a partner, General Reserve is transferred to the :
(a) Capital account of the continuing partners
(b) Capital account of all the partners
(c) Memorandum Revaluation account

(d) Revaluation account

A

5 6657

11. J¸ ©ßÓzvÀ EÒÍ 300 EÖ¨¤ÚºPÒ Bsk \¢uõÁõP ` 100 ö\¾zxQßÓÚº.
|h¨£õsiÀ Ti²ÒÍ \¢uõ CßÚ•® ö£Ó¨£hõux ` 200. •ßTmi ö£ØÓ
\¢uõ ` 300. Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUQÀ Põmh¨£h ÷Ási¯ \¢uõ
öuõøP°øÚU PshԯĮ.
(A) ` 29,900 (B) ` 30,000 (C) ` 30,100 (D) ` 30,700
There are 300 members in a club each paying ` 100 as annual subscription.
Subscription due but not received for the Current Year is ` 200. Subscription
received in advance is ` 300. Find out the amount of subscription to be shown in
the Income and Expenditure account.
(a) ` 29,900 (b) ` 30,000 (c) ` 30,100 (d) ` 30,700

12. ¦Ó AP ö£õÖ¨¦PÒ ÂQu® AÍÂkÁx :
(A) C»õ£® Dmk® vÓß
(B) SÖQ¯ Põ»U Phß wºUS® vÓß
(C) ö\¯ÀvÓß
(D) }sh Põ»U Phß wºUS® vÓß
Debt Equity ratio is a measure of :
(a) Profitability
(b) Short term solvency
(c) Efficiency
(d) Long term solvency

13. Gvº¨£vÄ \õßÓõÁn® GuØPõP¨ £¯ß£kzu¨£kQÓx ?
(A) AÔUøPPÒ
(B) uø»ø©¨ £vÄ
(C) ö\õzxPÒ PhÝUS Áõ[Q¯x
(D) A¾Á»P £¯ß£õmiØPõP Á[Q°À C¸¢x Gkzu öµõUP®
Contra Voucher is used for :
(a) Reports
(b) Master entry
(c) Credit purchase of assets

(d) Withdrawal of cash from bank for office use

A [ v¸¨¦P / Turn over

6657 6

14. ©Ö©v¨¥miÀ ö\õzxPÎß ©v¨¦ E¯ºÁx :
(A) |mh® (B) ö\»Ä
(C) Buõ¯® (D) CÁØÖÒ GxĪÀø»
On Revaluation, the increase in the value of assets leads to :
(a) Loss (b) Expense
(c) Gain (d) None of these

15. •uø»U Põmi¾® ªSv¯õP EÒÍ ö\õzxPÒ :
(A) ö£õÖ¨¦PÒ (B) |mh® (C) C»õ£® (D) öµõUP®
The Excess of Assets over Capital is :
(a) Liabilities (b) Loss (c) Profit (d) Cash

16. ¤ßÁ¸ÁÚÁØÖÒ ÷ÁÖ£mh JßøÓz ÷uº¢öukUPÄ® :
(A) uoUøPU Pmhn® (B) ªß Pmhn®
(C) B²Ò EÖ¨¤Úº Pmhn® (D) öuõø»÷£]U Pmhn®
Find the odd one out from the following.
(a) Audit fees (b) Electricity charges
(c) Life membership fees (d) Telephone charges

17. »S® TmhõÎUS›¯ wºÄzöuõøP EhÚi¯õP ö\¾zuõu÷£õx, Ax
©õØÓ¨£k® PnUS :
(A) »S® Tmhõ롧 Phß P/S
(B) Á[Q P/S
(C) ¤Ó TmhõÎPÎß •uÀ P/S
(D) »S® Tmhõ롧 •uÀ P/S
If the final amount due to a retiring partner is not paid immediately, it is transferred
to :
(a) Retiring partner’s Loan A/c
(b) Bank A/c
(c) Other partners’ Capital A/c

(d) Retiring partner’s Capital A/c

A

7 6657

18. TmhõÎ ÷\º¨¤ß ÷£õx ¦v¯ TmhõÎ |Øö£¯¸UPõPU öPõsk Á¸® öuõøP
¯õ¸øh¯ •uÀ PnUQÀ ÁµÄ øÁUP¨£h ÷Ásk® ?

(A) ¦v¯ TmhõÎ (B) AøÚzx TmhõÎPÒ

(C) v¯õP® ö\´u TmhõÎPÒ (D) £øǯ TmhõÎPÒ

At the time of admission, the goodwill brought by the new partner may be credited
to the Capital accounts of :

(a) the new partner (b) all the partners

(c) the sacrificing partners (d) the old partners

19. ¤ßÁ¸ÁÚÁØÔÀ Gx C»õ£ |mh¨ £QºÄ PnUQÀ Põmh¨£k® ?

(A) Tmhõ롧 Fv¯® (B) A¾Á»Pa ö\»ÄPÒ

(C) Á[QUPhß «uõÚ Ámi (D) £o¯õͺ Fv¯®

Which of the following is shown in Profit and Loss Appropriation account ?

(a) Partner’s salary (b) Office expenses

(c) Interest on bank loan (d) Salary of staff

20. \µõ\› C»õ£® ` 50,000 ©ØÖ® \õuõµn C»õ£® ` 40,000 &BP C¸US®÷£õx,
E¯º C»õ£® :

(A) ` 10,000 (B) ` 25,000 (C) ` 15,000 (D) ` 5,000

When the average profit is ` 50,000 and the normal profit is ` 40,000, Super Profit
is :

(a) ` 10,000 (b) ` 25,000 (c) ` 15,000 (d) ` 5,000

A [ v¸¨¦P / Turn over

6657 8

£Sv & II / PART - II
SÔ¨¦ : GøÁ÷¯Ý® HÊ ÂÚõUPÐUS Âøh¯ÎUPÄ®. ÂÚõ Gs 30 &US
Pmhõ¯©õP Âøh¯ÎUPÄ®. 7x2=14

Note : Answer any seven questions. Question No. 30 is Compulsory.

21. Cµmøh¨£vÄ •øÓ ¤ß£ØÓõu÷£õx ]Ô¯ AÍ»õÚ uÛ ÁoPº ö£õxÁõP
£µõ©›zx Á¸® PnUSPøÍz u¸P.
State the accounts generally maintained by a small sized sole trader when double
entry accounting system is not followed.

22. C»õ£ ÷|õUP©ØÓ Aø©¨¤ß Á¸Áõ°Ú ö\»ÄPÒ H÷uÝ® |õßQøÚz uµÄ®.
Give four examples for revenue expenditure of not-for-profit organisation.

23. Tmhõsø© {ÖÁÚzvß |Øö£¯øµ ©v¨¤k® H÷uÝ® Cµsk `Ì{ø»PøÍz
uµÄ®.
State any two circumstances under which goodwill of a partnership firm is valued.

24. CÓ¢u TmhõÎUS ö\¾zu ÷Ási¯ öuõøP°øÚ AÁ¸øh¯ {øÓ÷ÁØÓõͺ
PnUQØS ©õØÖÁuØS›¯ SÔ¨÷£mk¨ £vÂøÚz uµÄ®.
Give the journal entry to be passed to transfer the amount due to the deceased
partner to the executor of the deceased partner.

25. ªøP J¨£® GßÓõÀ GßÚ ?
What is over-subscription ?

26. ÂøµÄ ÂQu® GßÓõÀ GßÚ ?
What is Quick Ratio ?

27. H÷uÝ® I¢x PnUQ¯À AÔUøPPøÍU TÖP.

State any five accounting reports.

A

9 6657

28. ¤ßÁ¸® uPÁÀPμ¸¢x C»õ£® AÀ»x |mh® PshԯĮ.

ÂÁµ® `

2021 áÚÁ› 1 AßÖ, •uÀ 2,60,000

2021 i\®£º 31 AßÖ, •uÀ 3,60,000

AÆÁõsiÀ öPõsk Á¢u TkuÀ •uÀ 20,000

AÆÁõsiÀ Gk¨¦PÒ 50,000

From the following particulars ascertain profit or loss.

Particulars `

Capital as on 1st January 2021 2,60,000
st
Capital as on 31 December 2021 3,60,000

Additional Capital introduced during the year 20,000

Drawings made during the year 50,000

29. µõ® ©ØÖ® æ¯õ® C¸Á¸® TmhõÎPÒ. µõ® JÆöÁõ¸ Aøµ¯õsiß
öuõhUPzv¾® ` 12,000 GkzxU öPõshõº. Gk¨¦PÒ «uõÚ Ámi BskUS
10%. 2021 i\®£º 31 &B® |õ÷Íõk •iÁøh²® BskUS›¯ Gk¨¦PÒ «uõÚ
Ámi°øÚ \µõ\› Põ»•øÓø¯¨ £¯ß£kzvU PnUQhÄ®.

Ram and Shyam are partners. Ram withdraws ` 12,000 at the beginning of each
half year. Interest on drawings is chargeable @10% p.a. Calculate interest on
drawings for the year ending 31st December 2021 using average period method.

30. A¸Ò ÁoP {ÖÁÚzvß |Øö£¯º ` 1,20,000. \µõ\› C»õ£® ` 40,000.
öPõÒ•uÀ BskPÎß GsoUøPø¯U PnUQhÄ®.

Value of the goodwill of Arul Enterprises is ` 1,20,000, Average profit is
` 40,000. Calculate the number of years of purchase.

A [ v¸¨¦P / Turn over

6657 10

£Sv & III / PART - III
SÔ¨¦ : GøÁ÷¯Ý® HÊ ÂÚõUPÐUS Âøh¯ÎUPÄ®. ÂÚõ Gs 40 &US
Pmhõ¯©õP Âøh¯ÎUPÄ®. 7x3=21
Note : Answer any seven questions. Question number 40 is Compulsory.

31. Cµmøh¨£vÄ •øÓ ©ØÖ® •Êø©ö£Óõ £v÷ÁkPÐUS Cøh÷¯ EÒÍ
÷ÁÖ£õkPÒ ¯õøÁ ?
What are the differences between double entry system and incomplete records ?

32. C»õ£ ÷|õUP©ØÓ Aø©¨¤À RÌUPõq® ö\»ÄPÒ, •u¼Ú©õ AÀ»x
Á¸Áõ°Ú©õ GÚ ÁøP¨£kzxP.
(i) ©v¨§v¯®
(ii) Âøͯõmk E£Pµn® Áõ[SuÀ
(iii) ¡»PzvØS ¦zuP[PÒ Áõ[SuÀ
Classify the following expenditure of not-for-profit organisation as Capital or
Revenue.
(i) Honorarium
(ii) Purchase of sports equipment
(iii) Purchase of books for library

33. A¢÷uõo ©ØÖ® AU£º GßÓ C¸ TmhõÎPÒ u[PÒ C»õ£® ©ØÖ®
|mh[PøÍ 3 : 2 GßÓ ÂQuzvÀ £Qº¢x Á¢uÚº. 2018 áÚÁ› 1 AßÖ
AÁºPÎß •uÀ PnUSPÎß C¸¨¦PÒ, A¢÷uõo ` 60,000 ©ØÖ® AU£º
` 40,000 BS®. 2018 H¨µÀ 1 AßÖ A¢÷uõo TkuÀ •u»õP ` 10,000 öPõsk
Á¢uõº. AÆÁõsiÀ AU£º ` 5,000 TkuÀ •uÀ öPõsk Á¢uõº. 2018 i\®£º
31 &B® |õ÷Íõk •iÁøh²® BskUS›¯ •uÀ «x Ámi BskUS 6%
GÚU PnUQhÄ®.
Antony and Akbar were partners who shared profits and losses in the ratio of 3 : 2.
Balance in their Capital account on 1 st January 2018 was, Antony
` 60,000 and Akbar ` 40,000. On 1st April 2018 Antony introduced additional
capital of ` 10,000. Akbar introduced additional capital of ` 5,000 during the

year. Calculate interest on capital at 6% p.a. for the year ending
31st December 2018.

A

11 6657

34. |Øö£¯øµz wº©õÛUS® H÷uÝ® BÖ PõµoPøÍz uµÄ®.

State any six factors determining Goodwill.

35. \õ® ©ØÖ® ÷áõì GßÝ® TmhõÎPÒ 3 : 2 GßÝ® ÂQuzvÀ C»õ£® ©ØÖ®
|mh[Pøͨ £Qº¢x Á¢uÚº. 2018 H¨µÀ 1 AßÖ ÷áõ¯À GߣÁøµ
TmhõίõP ÷\ºzxU öPõshÚº. ÷áõ¯À Tmhõsø©°À ÷\º¢u AßÖ {ÖÁÚ
HkPÎÀ |Øö£¯º ` 20,000 BP C¸¢ux. ©õÖ£k® •uÀ •øÓ°À PnUSPÒ
£µõ©›UP¨£kÁuõPU P¸v TmhõÎPÎß ¤ßÁ¸® •iÄPÎߣi SÔ¨÷£mk¨
£vÄPøÍz uµÄ®.

(A) HmiÀ EÒÍ |Øö£¯º öuõøP •ÊÁøu²® ÷£õUöPÊxÁx.

(B) HmiÀ EÒÍ |Øö£¯›À ` 10,000 &I ÷£õUöPÊxÁx.

Sam and Jose are partners in a firm sharing profits and losses in the ratio of 3 : 2.
On 1st April 2018, they admitted Joel as a partner. On the date of Joel’s admission,
goodwill appeared in the books of the firm as ` 20,000. Assuming that the accounts
are maintained on Fluctuating Capital method, pass the necessary journal entries
if the partners decided to :

(a) Write off the entire amount of existing goodwill.

(b) Write off ` 10,000 of the existing goodwill.

36. AøǨ¦ •ß£n® SÔzx _¸UP©õP GÊuÄ®.

Write a brief note on calls in advance.

A [ v¸¨¦P / Turn over

6657 12

37. S©õº {Ö©zvß ¤ßÁ¸® ÂÁµ[Pμ¸¢x 2018 ©õºa 31 &B® |õ÷Íõk
•iÁøh²® BskUS›¯ ö£õx AÍÄ Á¸©õÚ AÔUøPø¯ u¯õº ö\´¯Ä®.
2017-18
ÂÁµ® `
ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´ 5,00,000

Cuµ Á¸©õÚ® 20,000

ö\»ÄPÒ 3,00,000

From the following particulars of Kumar Ltd., prepare a Common-size income
statement for the year ended 31st March 2018.

2017-18
Particulars
`
Revenue from operations 5,00,000

Other income 20,000

Expenses 3,00,000

38. ÂÂß, í› ©ØÖ® áõ´ GßÓ TmhõÎPÒ \© ÂQuzvÀ C»õ£® ©ØÖ®
|mhzvøÚ¨ £Qº¢x Á¸QßÓÚº. 31-3-2017 AßÖ í› Â»QÚõº. AÁº
»Q¯ |õÎÀ, {ÖÁÚzvß HkPÎÀ ö£õxPõ¨¦ ` 60,000 Põmi¯x.
ö£õxUPõ¨ø£ ©õØÖÁuØPõÚ SÔ¨÷£mk¨ £vøÁz uµÄ®.
Vivin, Hari and Joy are partners sharing profits and losses equally. On
31-3-2017 Hari retired. On the date of retirement, the books of the firm showed a
general reserve of ` 60,000. Pass the journal entries to transfer the general
reserve.

39. Tally ERP 9 &À ö£õxÁõP £¯ß£kzu¨£k® \õßÓõÁn[PÎß ÁøPPøÍU
SÔ¨¤hÄ®.
Mention the commonly used Voucher types in Tally ERP 9.

40. \µUQ¸¨¦ ©ØÖ® •ßTmi ö\¾zv¯ ö\»ÄPÒ }ºø©a ö\õzuõPU
P¸u¨£kÁvÀø». Põµn® TÓÄ®.

Inventory and Prepaid expenses are not considered as Liquid Assets - State reasons.

A

13 6657

£Sv & IV / PART - IV

SÔ¨¦ : AøÚzx ÂÚõUPÐUS® Âøh¯ÎUPÄ®. 7x5=35

Note : Answer all the questions.

41. (A) 2018, H¨µÀ 1 AßÖ _£õ ußÝøh¯ öuõÈø» ` 1,20,000 •u¾hß
öuõh[QÚõº. AÁº •øÓ¯õÚ PnU÷PkPøÍ £µõ©›UPÂÀø». 2019, ©õºa 31
AßÖ AÁ¸øh¯ HkPμ¸¢x ö£Ó¨£mh ÂÁµ[PÒ ¤ßÁ¸©õÖ :

ÂÁµ® ` ÂÁµ® `

Á[Q ÷©ÀÁøµ¨£ØÖ 50,000 \µUQ¸¨¦ 1,60,000

PhÚõÎPÒ 1,80,000 PhÜ¢÷uõº 90,000

ö£ÖÁuØS›¯ ©õØÖa^mk 70,000 ö\¾zuØS›¯ ©õØÖa^mk 2,40,000

PoÛ 30,000 øP öµõUP® 60,000

C¯¢vµ® 3,00,000

AÆÁõsiÀ AÁº ußÝøh¯ ö\õ¢u £¯ÝUPõP ` 30,000 GkzxU
öPõshõº. AÆÁõsiÀ AÁº öPõsk Á¢u TkuÀ •uÀ ` 40,000.
AÁ¸øh¯ C»õ£® AÀ»x |mh® PshԯĮ.

AÀ»x

A [ v¸¨¦P / Turn over

6657 14

(B) Cµõáß ©ØÖ® ö\ÀÁõ C¸Á¸® TmhõÎPÒ. AÁºPÒ 3 : 1 ÂQuzvÀ
C»õ£® ©ØÖ® |mh[Pøͨ £Qº¢x Á¢uÚº. AÁºPÍx 31-03-2017
|õÍßøÓ¯ C¸¨¦{ø»U SÔ¨¦ ¤ßÁ¸©õÖ C¸¢ux.

ö£õÖ¨¦PÒ ` ` ö\õzxPÒ `

•uÀ PnUSPÒ Pmhh® 25,000

Cµõáß 30,000 AøÓP»ß 1,000

ö\ÀÁõ 16,000 46,000 \µUQ¸¨¦ 20,000

PhÚõÎPÒ 16,000

ö£õxU Põ¨¦ 4,000 ö£ÖÁuØS›¯ ©õØÖa^mk 3,000

PhÜ¢÷uõº 37,500 Á[Q öµõUP® 12,500

C»õ£ |mh P/S (|mh®) 10,000

87,500 87,500

&CÀ ¤ßÁ¸® {£¢uøÚPÐhß P÷n\ß GߣÁº ¦v¯
1.4.2017
TmhõίõP ÷\¸QÓõº.

(i) P÷n\ß 15 C»õ£¨£[QØöPÚ ` 10,000 •uÀ öPõsk Á¸QÓõº.

(ii) \µUQ¸¨¦ ©ØÖ® AøÓP»ß ©v¨¤À 10% SøÓzx ©v¨¤h¨&
£kQÓx. PhÚõÎPÒ «x 5% I¯UPhß JxUS E¸ÁõUP¨£kQÓx.

(iii) Pmhhzvß «x 20% ©v¨÷£ØÓ® ö\´¯¨£kQÓx.

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

A

15 6657

(a) On 1 st April 2018 Subha started her business with a capital of
` 1,20,000. She did not maintain proper books of accounts. Following
particulars are obtained from her books as on 31.3.2019.

Particulars ` Particulars `

Bank overdraft 50,000 Stock-in-trade 1,60,000

Debtors 1,80,000 Creditors 90,000

Bills receivable 70,000 Bills payable 2,40,000

Computer 30,000 Cash in hand 60,000

Machinery 3,00,000

During the year she withdrew ` 30,000 for her personal use. She introduced
further capital of ` 40,000 during the year. Calculate her profit or loss.
OR
(b) Rajan and Selva are partners sharing profits and losses in the ratio of 3 : 1.
Their Balance Sheet as on 31st March 2017 is as under.

Liabilities ` ` Assets `
Capital accounts : Building 25,000
Rajan 30,000 Furniture 1,000
Selva 16,000 46,000 Stock 20,000
Debtors 16,000
General Reserve 4,000 Bills Receivable 3,000
Creditors 37,500 Cash at Bank 12,500
Profit and Loss account
10,000
(Loss)
87,500 87,500

On 1.4.2017, they admit Ganesan as a new partner on the following
arrangements.

(i) Ganesan brings ` 10,000 as capital for 15 share of profit.

(ii) Stock and furniture is to be reduced by 10%, a reserve of 5% on debtors
for doubtful debts is to be created.
(iii) Appreciate buildings by 20%.

Prepare Revaluation account, Partner’s capital account and the Balance Sheet
of the firm after admission of the new partner.

A [ v¸¨¦P / Turn over

6657 16

42. (A) ¤ßÁ¸® ÂÁµ[Pμ¸¢x ö©õzu ÂØ£øÚø¯U PnUQhÄ®.

ÂÁµ® ` ÂÁµ® `
2018, H¨µÀ 1 AßÖ ö£ÖuØS›¯ ©õØÖa^mk
PhÚõÎPÒ 2,50,000 ©ÖUP¨£mhx 15,000
2018, H¨µÀ 1 AßÖ EÒ v¸¨£® 50,000
ö£ÖuØS›¯ ©õØÖa^mk 60,000
PhÚõÎPÎhª¸¢x 2019, ©õºa 31 AßÖ
ö£ØÓ öµõUP® 7,25,000 ö£ÖuØS›¯ ©õØÖa^mk 90,000
ö£ÖuØS›¯ ©õØÖa 2019, ©õºa 31 AßÖ
^mkUPõP öµõUP® ö£ØÓx 1,60,000 £Ø£» PhÚõÎPÒ 2,40,000
ÁõµõUPhß 30,000 öµõUP ÂØ£øÚ 3,15,000

AÀ»x
(B) PoÛ©¯U PnUQ¯À •øÓ°ß £¯ß£õkPÎÀ H÷uÝ® I¢vøÚ
ÂÍUPÄ®.
(a) From the following particulars, calculate total sales.

Particulars ` Particulars `

st Bills receivable
Debtors on 1 April 2018 2,50,000
dishonoured 15,000
st
Returns inward 50,000
Bills receivable on 1 April
60,000
2018

Cash received from Bills receivable on 90,000
7,25,000 st
debtors 31 March 2019

Cash received for bills Sundry debtors on
st
receivable 1,60,000 31 March, 2019 2,40,000
Bad debts 30,000 Cash sales 3,15,000

OR

(b) Explain any five applications of computerised accounting system.

A

17 6657

43. (A) v¸a] PÀ°¯À ©ßÓzvß RÌUPõq® uPÁÀPμ¸¢x 2018, i\®£º
31 &B® |õ÷Íõk •iÁøh²® BskUS›¯ ö£ÖuÀPÒ ©ØÖ® ö\¾zuÀPÒ
PnUQøÚa u¯õº ö\´¯Ä®.

ÂÁµ® ` ÂÁµ® `

öuõhUP öµõUP C¸¨¦ £õxPõ¨¦ ö£mhP
(1.1.2018) 20,000 ÁõhøP ö£ØÓx 12,000
•u½kPÒ ö\´ux 80,000 AøÓP»ß ÂØÓx 5,000

©v¨§v¯® ö\¾zv¯x 3,000 ö£õxa ö\»ÄPÒ 7,000

|ßöPõøh ö£ØÓx 80,000 Ag\À ö\»ÄPÒ 1,000

uoUøPU Pmhn® ö\¾zv¯x 2,000 \¢uõ ö£ØÓx 10,000

AÀ»x
(B) µõáß {Ö©® ` 6,00,000 ©v¨¦ÒÍ C¯¢vµzøu öáPß {ÖÁÚzvhª¸¢x
Áõ[Q¯x. Ax £[öPõßÖ ` 10 ©v¨¦ÒÍ •ØÔ¾® ö\¾zu¨£mh ÷|ºø©¨
£[SPøÍ AÁºPÐUS ö\¾zu ÷Ási¯ öuõøPUPõP ÁÇ[Q¯x.
RÌUPsh {ø»PÎÀ £v¯ ÷Ási¯ SÔ¨÷£mk¨ £vÄPøÍz uµÄ®.
(i) £[SPøÍ •P©v¨¤À öÁΰmhõÀ
(ii) £[SPøÍ 50% •øÚ©zvÀ öÁΰmhõÀ
(a) From the following particulars of Trichy Educational Society, prepare Receipts
and Payments account for the year ended 31st December, 2018.

Particulars ` Particulars `
Opening cash balance as on Locker rent received 12,000
(1.1.2018) 20,000
Investments made 80,000 Sale of furniture 5,000

Honorarium paid 3,000 General expenses 7,000

Donation received 80,000 Postage 1,000

Audit fees paid 2,000 Subscription received 10,000

OR
(b) Rajan Ltd., purchased machinery of ` 6,00,000 from Jegan Traders. It issued
equity shares of ` 10 each fully paid in satisfaction of their claim.
What entries will be made if such issue is made ?

(i) at par
(ii) at a premium of 50%

A [ v¸¨¦P / Turn over

6657 18

44. (A) RÌUPõq® v¸a] ©Ú©QÌ ©ßÓzvß ö£ÖuÀPÒ ©ØÖ® ö\¾zuÀPÒ
PnUQ¼¸¢x 2018, ©õºa 31 &B® |õ÷Íõk •iÁøh²® BskUS›¯
Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUQøÚz u¯õ›UPÄ®.

ö£ÖuÀPÒ ` ö\¾zuÀPÒ `

öuõhUP C¸¨¦
AøÓP»ß Áõ[Q¯x 10,000
øPöµõUP® 11,000

ÁõhøP 2,800

£[Põuõ¯® ö£ØÓx 27,600 ö\¯»º ©v¨§v¯® 15,000

£øǯ ö\´vzuõÒPÒ ÂØÓx 3,000 u£õÀ ö\»ÄPÒ 1,700

EÖ¨¤Úº \¢uõ 31,000 ö£õxa ö\»ÄPÒ 4,350

£õxPõ¨¦ ö£mhP ÁõhøP 8,000 Aa_ ©ØÖ® GÊxö£õ¸ÒPÒ 45,000

•u½kPÒ «uõÚ Ámi 1,250 uoUøPU Pmhn® 5,000

AøÓP»ß ÂØÓx 5,000
CÖv C¸¨¦ øP öµõUP® 3,000
( Hmk ©v¨¦ ` 4,400)

86,850 86,850

AÀ»x

A

19 6657

(B) P»õ {Ö©zvß ¤ßÁ¸® uPÁÀPμ¸¢x J¨¥mk {v{ø» AÔUøPø¯z
u¯õ›UPÄ®.

2017, ©õºa 31 2018, ©õºa 31
ÂÁµ®
` `

I. £[S ‰»uÚ® ©ØÖ® ö£õÖ¨¦PÒ

1. £[Suõµº {v

(A) £[S •uÀ 3,00,000 3,60,000

(B) Põ¨¦® ªSv²® 50,000 50,000

2. }shPõ»¨ ö£õÖ¨¦PÒ

}shPõ»U PhßPÒ 50,000 40,000

3. |h¨¦¨ ö£õÖ¨¦PÒ
PnUSPÒ ‰»® ö\¾zu
20,000 12,000
÷Ási¯øÁPÒ
ö©õzu® 4,20,000 4,62,000

II. ö\õzxPÒ

1. }shPõ»a ö\õzxPÒ

(A) {ø»a ö\õzxPÒ 2,50,000 2,90,000

(B) }shPõ» •u½kPÒ 50,000 40,000

2. |h¨¦a ö\õzxPÒ

\µUQ¸¨¦ 80,000 1,00,000

öµõUP® ©ØÖ® öµõUPzvØSa
40,000 32,000
\©©õÚøÁPÒ
ö©õzu® 4,20,000 4,62,000

A [ v¸¨¦P / Turn over

6657 20

(a) From the following Receipts and Payments account of Trichy Recreation
club, prepare Income and Expenditure account for the year ended 31.03.2018.

Receipts ` Payments `
To opening balance By furniture purchased 10,000
cash in hand 11,000
By Rent 2,800
To Dividend received 27,600 By Secretary's honorarium 15,000
To Sale of old newspapers 3,000 By postage 1,700
To Members' subscription 31,000 By General expenses 4,350
To Locker rent 8,000 By Printing and Stationery 45,000
To Interest on investment 1,250 By Audit fees 5,000
To Sale of furniture 5,000 By Closing balance
(Book value ` 4,400) Cash in hand 3,000

86,850 86,850

OR
(b) From the following particulars, prepare comparative statement of financial
position of Kala Ltd.

st st
31 March, 31 March,
Particulars 2017 2018
` `
I. EQUITY AND LIABILITIES
1. Shareholders' Fund
(a) Share Capital 3,00,000 3,60,000
(b) Reserves and Surplus 50,000 50,000
2. Non-current liabilities
Long-term borrowings 50,000 40,000
3. Current liabilities
Trade payables 20,000 12,000
Total 4,20,000 4,62,000
II. ASSETS
1. Non-current assets
(a) Fixed assets 2,50,000 2,90,000
(b) Non-current investments 50,000 40,000
2. Current assets
Inventories 80,000 1,00,000
Cash and Cash equivalents 40,000 32,000

Total 4,20,000 4,62,000

A

21 6657

45. (A) |÷µè, ©o ©ØÖ® •zx BQ¯ TmhõÎPÒ 2 : 2 : 1 GÝ® ÂQuzvÀ
C»õ£® ©ØÖ® |mh[Pøͨ £Qº¢x Á¢uÚº. 2019 ©õºa 31 &B® |õÒ
{ÖÁÚzv¼¸¢x •zx »QÚõº. •zx »Q¯ |õÍßÖ, HkPÎÀ |Øö£¯º
` 40,000 GÚU Põmi¯x. AÁºPÎß •uÀ, ©õÖ£k® •uÀ GÚU öPõsk,
÷uøÁ¯õÚ SÔ¨÷£mk £vÄPøÍz uµÄ®.
(i) |Øö£¯º •ÊÁøu²® ÷£õUöPÊu TmhõÎPÒ •iöÁkzuõÀ
(ii) |Øö£¯›À £õvzöuõøPø¯ ÷£õUöPÊu TmhõÎPÒ •iöÁkzuõÀ
AÀ»x
(B) ¤ßÁ¸® ÂÁµ[PøÍU öPõsk SÔg] Áøµ¯Ö {ÖÁÚzvß ÷£õUS
\uÃu[PøÍU PnUQhÄ®.

` B°µ[PÎÀ
ÂÁµ®
2015-16 2016-17 2017-18
ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´ 120 132 156

Cuµ Á¸©õÚ® 50 38 65

ö\»ÄPÒ 100 135 123

(a) Naresh, Mani and Muthu are partners in a firm sharing profits and losses in
the ratio of 2 : 2 : 1. On 31st March 2019, Muthu retires from the firm.
On the date of Muthu’s retirement, goodwill appeared in the books of the
firm at ` 40,000. By assuming fluctuating capital method, pass the necessary
journal entries if the partners decide to :

(i) Write off the entire amount of existing goodwill.

(ii) Write off half of the amount of existing goodwill.

OR

(b) Calculate trend percentages from the following particulars of Kurinji Ltd.

` in Thousands
Particulars
2015-16 2016-17 2017-18
Revenue from operations 120 132 156
Other income 50 38 65

Expenses 100 135 123

A [ v¸¨¦P / Turn over

6657 22

46. (A) {ø»•uÀ •øÓUS® ©õÖ£k® •uÀ •øÓUS® Cøh÷¯¯õÚ ÷ÁÖ£õk&
PøÍz uµÄ®.

AÀ»x

(B) A¸Ò {ÖÁÚzvß ¤ßÁ¸® ÂÁµ[Pμ¸¢x 3 BskPÒ \µõ\›
C»õ£zvÀ 2 BskPÒ öPõÒ•uÀ GßÓ Ai¨£øh°À |Øö£¯›ß
©v¨ø£U PnUQhÄ®.

(i) i\®£º 31 &B® |õ÷Íõk •iÁøh²® BskPÍõÚ 2016, 2017 ©ØÖ®
2018 &ß C»õ£[PÒ •øÓ÷¯ ` 46,000, ` 44,000 ©ØÖ® ` 50,000.

(ii) 2016 &B® Bsiß C»õ£zvÀ v¸®£z v¸®£ {PÇõ Á¸©õÚ®
` 5,000 ÷\º¢xÒÍx.

(iii) 2017 &B® Bsiß CÖva \µUQ¸¨¦ ` 10,000 AvP©õP
©v¨¤h¨£mhx.

(a) State the differences between Fixed Capital method and Fluctuating Capital
method.

OR

(b) From the following information relating to Arul Enterprises, calculate the
value of goodwill on the basis of 2 years purchase of the average profits of 3
years.

(i) Profits for the years ending 31st December 2016, 2017 and 2018 were
` 46,000, ` 44,000 and ` 50,000 respectively.

(ii) A non-recurring income of ` 5,000 is included in the profits of the year
2016.

(iii) The closing stock of the year 2017 was overvalued by ` 10,000.

A

23 6657

47. (A) ¦µõQµì Áøµ¯Ö {Ö©® 30,000 \õuõµn¨ £[SPøÍ, £[SöPõßÖ
` 10 Ãu® öÁΰmhx. Âsn¨£zvß÷£õx ` 2, JxURmiß÷£õx
` 4, •u»õÁx AøǨ¤ß÷£õx ` 2 ©ØÖ® CµshõÁx ©ØÖ® CÖv
AøǨ¤ß ÷£õx ` 2 ö\¾zu¨£h ÷Ásk®. AøÚzx £[SPЮ
J¨£¨£mhÚ ©ØÖ® AøÚzx öuõøPPЮ •øÓ¯õP ö£Ó¨£mhÚ.
SÔ¨÷£mk¨ £vÄPÒ uµÄ®.
AÀ»x
(B) ©÷Pè {Ö©zvß 2019, ©õºa 31 &B® |õøͯ C¸¨¦{ø»U SÔ¨¦
¤ßÁ¸©õÖ :
ÂÁµ® `
I. £[S ‰»uÚ® ©ØÖ® ö£õÖ¨¦PÒ
1. £[Suõµº {v
÷|ºø©¨ £[S•uÀ 20,00,000
2. }shPõ» ö£õÖ¨¦PÒ
}shPõ»U PhßPÒ 5,00,000
3. |h¨¦¨ ö£õÖ¨¦PÒ
(A) SÖQ¯ Põ»U PhßPÒ 1,70,000

(B) PnUSPÒ ‰»® ö\¾zu ÷Ási¯øÁPÒ 2,50,000

(C) Cuµ |h¨¦¨ ö£õÖ¨¦PÒ
öPõk£h ÷Ási¯ ö\»ÄPÒ 30,000
(D) SÖQ¯Põ» JxUSPÒ 50,000
ö©õzu® 30,00,000
II. ö\õzxPÒ
1. }shPõ» ö\õzxPÒ
(A) {ø»a ö\õzxPÒ
¦»ÚõS® ö\õzxPÒ 15,00,000
2. |h¨¦a ö\õzxPÒ
(A) \µUQ¸¨¦ 4,50,000

(B) PnUSPÒ ‰»® ö£Ó÷Ási¯øÁPÒ 7,00,000

(C) öµõUP® ©ØÖ® öµõUPzvØSa \©©õÚøÁPÒ 3,00,000

(D) Cuµ |h¨¦a ö\õzxPÒ
•ßTmia ö\¾zv¯ ö\»ÄPÒ 50,000

ö©õzu® 30,00,000
(i) |h¨¦ ÂQu® (ii) }ºø© ÂQu® PnUQhÄ®
A [ v¸¨¦P / Turn over

6657 24

(a) Progress Ltd., issued 30,000 ordinary shares of ` 10 each, payable ` 2 on
application, ` 4 on allotment, ` 2 on first call and ` 2 on second and final
call. All the shares are subscribed and amount was duly received. Pass
journal entries.
OR
(b) Following is the Balance Sheet of Magesh Ltd., as on 31st March 2019.

Particulars `
I. EQUITY AND LIABILITIES
1. Shareholder's fund
Equity share capital 20,00,000
2. Non-current liabilities
Long term borrowings 5,00,000
3. Current liabilities
(a) Short-term borrowings 1,70,000
(b) Trade payable 2,50,000
(c) Other current liabilities
Expenses payable 30,000
(d) Short-term Provisions 50,000
Total 30,00,000
II. ASSETS
1. Non-current assets
Fixed assets
(a) Tangible assets 15,00,000
2. Current assets
(a) Inventories 4,50,000
(b) Trade receivable 7,00,000
(c) Cash and Cash equivalents 3,00,000
(d) Other current assets
Prepaid expenses 50,000
Total 30,00,000

Calculate :
(i) Current ratio (ii) Quick ratio

-oOo-

A