CBSE Class 12 Accountancy Question Paper 2019 Set 2

SET-1
Series BVM/2 H$moS> Z§.
Code No. 67/2/1
amob Z§. narjmWu H$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.

 H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &
 àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE H$moS >Zå~a H$mo N>mÌ CÎma -nwpñVH$m Ho$ _wI-n¥ð> na
{bI| &
 H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| 23 àíZ h¢ &
 H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, àíZ H$m H«$_m§H$ Adí` {bI| &
 Bg àíZ-nÌ H$mo n‹T>Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU nydm©•
_| 10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-nÌ H$mo n‹T>|Jo
Am¡a Bg Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &
 Please check that this question paper contains 27 printed pages.
 Code number given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
 Please check that this question paper contains 23 questions.
 Please write down the Serial Number of the question before
attempting it.
 15 minute time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the
students will read the question paper only and will not 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

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

gm_mÝ` {ZX}e :
(i) `h àíZ-nÌ Xmo IÊS>m| _| {d^º$ h¡ – H$ Am¡a I &
(ii) IÊS> H$ g^r Ho$ {bE A{Zdm`© h¡ &
(iii) IÊS> I Ho$ Xmo {dH$ën h¢ - {dÎmr` {ddaUm| H$m {díbofU VWm A{^H${bÌ boIm§H$Z &
(iv) IÊS> I go Ho$db EH$ hr {dH$ën Ho$ àíZm| Ho$ CÎma {b{IE &
(v) {H$gr àíZ Ho$ g^r IÊS>m| Ho$ CÎma EH$ hr ñWmZ na {bIo OmZo Mm{hE &
General Instructions :
(i) This question paper contains two parts – A and B.
(ii) Part A is compulsory for all.
(iii) Part B has two options – Analysis of Financial Statements and
Computerised Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
IÊS> H$
(Abm^H$mar g§JR>Zm|, gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and
Companies)
1. EH$ gmPoXmar \$_© Ho$ {dKQ>Z na pñW{V {ddaU H$s n[agån{Îm`m| H$s Va\$ Xem©E JE
gmPoXma Ho$ G$U H$m boIm H$aZo Ho$ {bE Amdí`H$ amoµOZm_Mm à{dpîQ> Xr{OE & 1
Pass the necessary journal entry for treatment of Partner’s loan
appearing on the asset side of the Balance Sheet in case of dissolution of
a partnership firm.
2. EH$ Z`m gmPoXma {Og gmPoXmar \$_© H$m gXñ` ~ZVm h¡, Cg_| Xmo à_wI A{YH$mam| H$m
A{YJ«hU H$aVm h¡ & BZ_| go EH$ A{YH$ma H$m CëboI H$s{OE & 1
AWdm
{H$gr \$_© H$s »`m{V Ho$ _yë` H$mo ‘ì`dgm` H$s àH¥${V’ {H$g àH$ma à^m{dV H$aVr h¡ ? 1
A new partner acquires two main rights in the partnership firm which he
joins. State one of these rights.
OR
How does ‘Nature of business’ affect the value of goodwill of a firm ?
3. EH$ Abm^H$mar g§JR>Z Ho$ _w»` CÔoí` H$m CëboI H$s{OE & 1
AWdm
EH$ Abm^H$mar g§JR>Z H$m {dÎmr` {ddaU V¡`ma H$aVo g_` ‘OrdZ gXñ`Vm ewëH$’ H$m
{ZnQ>mZ H¡$go {H$`m OmVm h¡ ? 1
State the main aim of a not-for-profit organisation.
OR
How is ‘Life membership fee’ treated while preparing the financial
statements of a not-for-profit organisation ?

67/2/1 2

4. H$s`m VWm brbm gmPoXma h¢ VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo h¢ & {H$aU H$mo bm^ Ho$
1
d| ^mJ Ho$ {bE EH$ Z`m gmPoXma ~Zm`m J`m Am¡a dh »`m{V àr{_`_ Ho$ AnZo ^mJ Ho$
5
{bE < 24,000 bmB©, {OgH$s H$s`m VWm brbm Ho$ ny±Or ImVm| Ho$ O_m _| H«$_e…
< 18,000 VWm < 6,000 go IVm¡Zr H$a Xr JB© &
H$s`m, brbm VWm {H$aU Ho$ ZE bm^ {d^mOZ AZwnmV H$s JUZm H$s{OE & 1
Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was
1
admitted as a new partner with th share in the profits and brought in
5
< 24,000 as her share of goodwill premium that was credited to the capital
accounts of Kiya and Leela respectively with < 18,000 and < 6,000.
Calculate the new profit sharing ratio of Kiya, Leela and Kiran.
5. {XZH$a, ZdrVm VWm dmUr gmPoXma Wo VWm 3 : 2 : 1 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
30 OyZ, 2017 H$mo ZdrVm H$s _¥Ë`w hmo JB© & ~rM H$s Ad{Y _| bm^ _| CgH$m ^mJ {dH«$`
na AmYm[aV Wm Omo < 6,00,000 Wm & {nN>bo Mma dfm] _| {dH«$` na bm^ H$s Xa 10%
Wr & \$_© AnZr nwñVH|$ à{V df© 31 _mM© H$mo ~§X H$aVr h¡ &
bm^ _| ZdrVm Ho$ ^mJ H$s JUZm H$s{OE & 1
Dinkar, Navita and Vani were partners sharing profits and losses in the
ratio of 3 : 2 : 1. Navita died on 30th June, 2017. Her share of profit for
the intervening period was based on the sales during that period, which
were < 6,00,000. The rate of profit during the past four years had been
10% on sales. The firm closes its books on 31st March every year.
Calculate Navita’s share of profit.
6. ‘A§em| Ho$ {ZOr Am~§Q>Z’ H$m Š`m AW© h¡ ? 1
AWdm
‘Ama{jV ny±Or’ H$m Š`m AW© h¡ ? 1
What is meant by ‘Private Placement of Shares’ ?
OR
What is meant by ‘Reserve Capital’ ?
7. {nN>bo Hw$N> dfm] _| EH$ \$_© H$m Am¡gV bm^ < 80,000 h¡ VWm EH$ Bgr àH$ma Ho$
ì`dgm` H$s gm_mÝ` à{V\$b Xa 10% h¡ & `{X 4 dfm] Ho$ A{Ybm^ (gwna bm^) Ho$ H«$`
na \$_© H$s »`m{V < 1,00,000 h¡, Vmo \$_© Ûmam {d{Z`mo{OV ny±Or kmV H$s{OE & 3
Average profits of a firm during the last few years are < 80,000 and the
normal rate of return in a similar business is 10%. If the goodwill of the
firm is < 1,00,000 at 4 years’ purchase of super profit, find the capital
employed by the firm.

67/2/1 3 P.T.O.

8. ‘`y µO¡S> {b{_Q>oS>’ Zo EëH$ _erZ {b{_Q>oS> go < 6,90,000 _| g§`§Ì VWm _erZar H$m H«$`
{H$`m & EëH$ {b{_Q>oS> H$mo ^wJVmZ < 90,000 Ho$ EH$ S´>mâQ>, Omo VrZ _mh níMmV² Xo` Wm,
H$mo ñdrH$ma H$aHo$ VWm eof H$m ^wJVmZ < 100 àË`oH$ Ho$ 6% G$UnÌm| H$mo 20% Ho$ ~Å>>o
na {ZJ©{_V H$aHo$ {H$`m J`m &
Cn`w©º$ boZXoZm| Ho$ {bE ‘`y µO¡S> {b{_Q>oS>’ H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 3
AWdm
‘µO¡S> Ho$ {b{_Q>oS>’ Zo < 100 àË`oH$ Ho$ < 4,00,000, 9% G$UnÌm| H$m {ZJ©_Z 5% Ho$ ~Å>o
na {H$`m {OZH$m emoYZ 10% Ho$ àr{_`_ na H$aZm h¡ &
Cn`w©º$ boZXoZm| Ho$ {bE ‘µO¡S> Ho$ {b{_Q>oS>’ H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 3
‘UZ Ltd.’ purchased Plant and Machinery from Elk Machine Ltd. for
< 6,90,000. Elk Ltd. was paid by accepting a draft of < 90,000 payable
after three months and the balance by issue of 6% debentures of < 100
each at a discount of 20%.
Pass necessary journal entries for the above transactions in the books of
‘UZ Ltd.’
OR
‘ZK Ltd.’ issued < 4,00,000, 9% Debentures of < 100 each at a discount of
5% redeemable at a premium of 10%.
Pass necessary journal entries for the above transactions in the books of
‘ZK Ltd.’

9. {dëbmo {b{_Q>oS> < 10,00,000 H$s A{YH¥$V n±yOr, Omo < 10 àË`oH$ Ho$ 1,00,000 g_Vm
A§em| _| {d^º$ Wr, go n§OrH¥$V Wr & H$ånZr Zo OZVm Ho$ A{^XmZ hoVw 80,000 A§e
àñVm{dV {H$E, {OZ_| go 75,000 A§em| H$m A{^XmZ hþAm & 3,000 A§em| na < 2 à{V
A§e H$s A§{V_ `mMZm H$mo N>mo‹S>H$a g^r am{e àmßV hmo JBª & {dëbmo {b{_Q>oS> Ho$ pñW{V
{ddaU _| H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ àmdYmZm| Ho$ AZwgma
[a{º$`m± (µJm`~ am{e) ^[aE & 3
31 _mM©, 2018 H$mo pñW{V {ddaU (EH$ {ZîH$f©)

{ddaU ZmoQ> g§. <
g_Vm Ed§ Xo`VmE±
1. eo`aYmaH$ H$mof
(a) A§e ny±Or 1 ..........
..........

67/2/1 4

ImVm| Ho$ eof $
ZmoQ> g§. {ddaU <
1 A§e ny±Or
A{YH¥$V ny±Or
................................ ..........
{ZJ©{_V ny±Or
................................ ..........
A{^XÎm ny±Or
A{^XÎm VWm nyU© àXÎm
________ A§e < 10 àË`oH$ ..........
A{^XÎm {H$ÝVw nyU© àXÎm Zht
________ A§e < 10 àË`oH$ ..........

KQ>m ................. .......... ..........

..........

Willow Ltd. was registered with an authorized capital of < 10,00,000
divided into 1,00,000 equity shares of < 10 each. The company offered
80,000 shares for subscription to the public, out of which 75,000 shares
were subscribed. All amounts were received except the final call of < 2
per share on 3,000 shares. Fill in the missing figures in the Balance
Sheet of Willow Ltd. as per the provisions of Schedule III, Part I of the
Companies Act, 2013.

Balance Sheet as at 31st March, 2018 (An extract)

Particulars Note No. <
EQUITY AND LIABILITIES
1. Shareholders Funds
(a) Share Capital 1 ..........
..........

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

Note to Accounts

Note No. Particulars <
1 Share Capital
Authorised Capital
........................................ ..........
Issued Capital
......................................... ..........
Subscribed Capital
Subscribed and full paid
________ shares of < 10 each ..........
Subscribed but not fully paid
________ shares of < 10 each ..........

Less ................. .......... ..........

..........
10. OZVm H$ë`mU Šb~ Ho$ 1250 gXñ` Wo VWm àË`oH$ < 150 dm{f©H$ MÝXm XoVm Wm & 31 _mM©,
2018 H$mo g_mßV hþE df© _| Šb~ H$mo 45 gXñ`m| go MÝXm àmßV Zht hþAm VWm 46 gXñ`m| go
31 _mM©, 2019 H$mo g_mßV hmoZo dmbo df© Ho$ {bE A{J«_ MÝXm àmßV hþAm & 31 _mM©, 2017
H$mo AXÎm MÝXm < 15,000 VWm A{J«_ àmßV MÝXm < 3,000 Wm &
31 _mM©, 2018 H$mo g_mßV hþE df© Ho$ {bE ‘àm{ßV Ed§ ^wJVmZ ImVo’ Ho$ O_m _| IVm¡Zr H$s
OmZo dmbr MÝXo H$s am{e H$s JUZm H$s{OE & 3
Janta Kalayan Club has 1250 members each paying an annual
subscription of < 150. During the year ended 31st March, 2018 the club
did not receive subscription from 45 members and received subscriptions
in advance from 46 members for the year ending 31 st March, 2019. On
31st March, 2017 the outstanding subscriptions were < 15,000 and
subscriptions received in advance were < 3000.
Calculate the amount of subscription that will be debited to the ‘Receipts
and Payments Account’ for the year ended 31st March, 2018.

11. har, Hw$Zmb VWm C_m EH$ \$_© _| gmPoXma h¢ VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo
h¢ & 1 Aà¡b, 2018 go CÝhm|Zo ^{dî` _| bm^-hm{Z 2 : 5 : 3 Ho$ AZwnmV _| ~m±Q>Zo H$m {ZU©`
{b`m & CZH$m pñW{V {ddaU, bm^-hm{Z ImVo _| < 75,000 VWm {Zdoe CVma-MT>md H$mof
_| < 15,000 Xem© ahm Wm & Bg à`moOZ hoVw `h gh_{V hþB© {H$ : 4
(i) \$_© H$s »`m{V H$m _yë`m§H$Z < 3,00,000 na {H$`m J`m &
67/2/1 6

(ii) {Zdoe (nwñVH$ _yë` < 50,000) H$m _yë`m§H$Z < 35,000 na {H$`m J`m &
(iii) < 50,000 nwñVH$ _yë` Ho$ ñQ>m°H$ na 10% go _yë`õmg bJm`m OmEJm &
Cn`w©º$ Ho$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE &
Hari, Kunal and Uma are partners in a firm sharing profits and losses in
the ratio of 5 : 3 : 2. From 1st April, 2018 they decided to share future
profits and losses in the ratio of 2 : 5 : 3. Their Balance Sheet showed a
balance of < 75,000 in the Profit and Loss Account and a balance of
< 15,000 in Investment Fluctuation Fund. For this purpose, it was
agreed that :
(i) Goodwill of the firm was valued at < 3,00,000.
(ii) That investments (having a book value of < 50,000) were valued at
< 35,000.
(iii) That stock having a book value of < 50,000 be depreciated by 10%.
Pass the necessary journal entries for the above in the books of the firm.
12. _ram, gmW©H$ VWm amo{hV EH$ \$_© _| gmPoXma Wo VWm 2 : 2 : 1 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 _ram, gmW©H$ VWm amo{hV H$m pñW{V {ddaU
am{e am{e
Xo`VmE± <
n[agån{Îm`m± <
boZXma 3,00,000 ñWm`r n[agån{Îm`m± 7,00,000

AmH$pñ_H$ g§M` 1,00,000 ñQ>m°H$ 2,00,000

ny±Or : XoZXma 1,50,000
_ram 4,00,000 ~¢H$ _| amoH$‹S> 3,50,000
gmW©H$ 3,50,000
amo{hV 2,50,000

14,00,000 14,00,000
15 OyZ, 2018 H$mo gmW©H$ H$s _¥Ë`w hmo JB© & gmPoXmar g§boI Ho$ AZwgma CgHo$ {ZînmXH$
{ZåZ Ho$ hµH$Xma Wo :
(i) CgHo$ n±yOr ImVo H$m eof &
(ii) »`m{V _| CgH$m ^mJ {OgH$s JUZm {nN>bo Mma df© Ho$ Am¡gV bm^m| Ho$ VrZ JwUm
Ho$ AmYma na H$s OmEJr &
67/2/1 7 P.T.O.

(iii) _¥Ë`w H$s {V{W VH$ bm^m| _| CgHo$ ^mJ H$s JUZm {nN>bo Xmo dfm] Ho$ Am¡gV bm^m|
Ho$ AmYma na H$s OmEJr & _¥Ë`w Ho$ df© _| {Og g_`md{Y VH$ dh Or{dV Wm
CgH$s JUZm _hrZm| _| H$s OmEJr &
(iv) CgH$s _¥Ë`w H$s {V{W VH$ ny±Or na 12% à{V df© H$s Xa go ã`mO &
{nN>bo Mma dfm] _| \$_© Ho$ bm^ Wo :
2014 – 15 < 1,20,000, 2015 – 16 < 2,00,000, 2016 – 17 < 2,60,000 VWm
2017 – 18 < 2,20,000.
gmW©H$ Ho$ {ZînmXH$m| H$mo Xo` am{e H$m VwaÝV ^wJVmZ H$a {X`m J`m &
CgHo$ {ZînmXH$m| H$mo àñVwV {H$`m OmZo dmbm gmW©H$ H$m ny±Or ImVm V¡`ma H$s{OE & 4
Meera, Sarthak and Rohit were partners sharing profits in the ratio of
2 : 2 : 1. On 31 March, 2018, their Balance Sheet was as follows :
Balance Sheet of Meera, Sarthak and Rohit as at 31 March, 2018
Amount Amount
Liabilities < Assets <
Creditors 3,00,000 Fixed Assets 7,00,000
Contingency Reserve 1,00,000 Stock 2,00,000
Capital : Debtors 1,50,000
Meera 4,00,000 Cash at bank 3,50,000
Sarthak 3,50,000
Rohit 2,50,000
14,00,000 14,00,000
Sarthak died on 15th June, 2018. According to the partnership deed, his
executors were entitled to :
(i) Balance in his Capital Account.
(ii) His share of goodwill will be calculated on the basis of thrice the
average of the past 4 years’ profits.
(iii) His share in profits up to the date of death on the basis of average
profits of the last two years. The time period for which he survived
in the year of death will be calculated in months.
(iv) Interest on capital @ 12% p.a. up to the date of his death.
The firm’s profits for the last four years were :
2014 – 15 < 1,20,000, 2015 – 16 < 2,00,000, 2016 – 17 < 2,60,000 and
2017 – 18 < 2,20,000.
Sarthak’s executors were paid the amount due immediately. Prepare
Sarthak’s Capital Account to be presented to his executors.

67/2/1 8

13. O¡åg Šb~ H$s {ZåZ gyMZm go 31 _mM©, 2018 H$mo g_mßV df© Ho$ {bE Am` Ed§ ì``
ImVm V¡`ma H$s{OE &

31 _mM©, 2018 H$mo g_mßV df© Ho$ {bE O¡åg Šb~ H$m àm{ßV Ed§ ^wJVmZ ImVm

àm{ßV`m± am{e ^wJVmZ am{e
< <
eof AmJo bmE 50,000 \$ZuMa 1,30,000

{Zdoe na ã`mO 2,400 doVZ 64,500

XmZ 17,000 {d{dY ì`` 52,000

MÝXm 3,00,000 Q>obrµ\$moZ ì`` 12,000

{H$am`m àmßV hþAm 70,000 \¡$Šg _erZ 6,000

6% {Zdoe
nwamZo g_mMma-nÌm| H$s {~H«$s 600 1,00,000
(01.08.2017 H$mo)
_wÐU VWm ñQ>oeZar 19,000

eof ZrMo bo JE 56,500

4,40,000 4,40,000

A{V[aº$ gyMZm :
àmßV MÝXo _| < 15,000 df© 2018 – 19 Ho$ gpå_{bV Wo & 31 _mM©, 2018 H$mo AXÎm MÝXo
H$s am{e < 20,000 Wr & 31 _mM©, 2018 H$mo AXÎm doVZ < 8,000 Wm VWm àmß` {H$am`m
< 2,000 Wm & _wÐU VWm ñQ>oeZar H$m Ama§på^H$ ñQ>m°H$ < 12,000 Wm, O~{H$ ApÝV_
ñQ>m°H$ < 15,000 Wm & 6

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

From the following information of Gems Club, prepare Income and
Expenditure Account for the year ended 31st March, 2018.

Receipts and Payments Account of Gems Club for the year ending
31st March, 2018

Amount Amount
Receipts < Payments <
To Balance b/d 50,000 By Furniture 1,30,000
To Interest on
2,400 By Salaries 64,500
Investments
By Miscellaneous
To Donations 17,000
Expenses 52,000
To Subscriptions By Telephone
3,00,000
Charges 12,000
To Rent Received
70,000 By Fax Machine 6,000
To Sale of old 600 By 6% Investments 1,00,000
newspapers (on 01.08.2017)
By Printing and
Stationery 19,000
By Balance c/d 56,500

4,40,000 4,40,000

Additional Information :

Subscriptions received included < 15,000 for 2018 – 19. The amount of
subscriptions outstanding on 31st March, 2018 were < 20,000. Salaries
unpaid on 31st March, 2018 were < 8,000 and Rent receivable was
< 2,000. Opening stock of printing and stationery was < 12,000, whereas
Closing stock was < 15,000.

67/2/1 10

14. Amerf VWm H$Zd EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
31 _mM©, 2018 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2018 H$mo Amerf VWm H$Zd H$m pñW{V {ddaU

am{e am{e
Xo`VmE± < n[agån{Îm`m± <
ì`mnm[aH$ boZXma 42,000 ~¢H$ $ 35,000

H$_©Mmar ^{dî` {Z{Y 60,000 ñQ>m°H$ 24,000

lr_Vr Amerf H$m G$U 9,000 XoZXma 19,000

H$Zd H$m G$U 35,000 \$ZuMa 40,000

H$m_Jma j{Vny{V© H$mof 20,000 g§`§Ì 2,10,000

{Zdoe CVma-M‹T>md H$mof 4,000 {Zdoe 32,000

ny±Or : bm^-hm{Z ImVm 10,000
Amerf 1,20,000
H$Zd 80,000 2,00,000

3,70,000 3,70,000

Cn`w©º$ {V{W H$mo CÝhm|Zo \$_© Ho$ {dKQ>Z H$m {ZU©` {H$`m &
(i) Amerf \$ZuMa H$mo < 38,000 _| boZo Ho$ {bE VWm lr_Vr Amerf Ho$ G$U H$m
^wJVmZ H$aZo Ho$ {bE gh_V hþAm &
(ii) XoZXmam| go < 18,500 àmßV hþE VWm g§`§Ì go 10% A{YH$ àmßV hþE &
(iii) H$Zd Zo 40% ñQ>m°H$ H$mo nwñVH$ _yë` go 20% H$_ na bo {b`m & eof ñQ>m°H$ H$mo
10% Ho$ bm^ na ~oMm J`m &
(iv) H$Zd < 12,000 Ho$ nm[al{_H$ na {dKQ>Z Ho$ CÎmaXm{`Ëd H$mo nyam H$aZo Ho$ {bE
VWm dgybr ì``m| H$mo dhZ H$aZo Ho$ {bE gh_V hmo J`m & dgybr na dmñV{dH$
ì`` < 8,000 Wo &
dgybr ImVm V¡`ma H$s{OE & 6

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

Ashish and Kanav were partners in a firm sharing profits and losses in
the ratio of 3 : 2. On 31st March, 2018 their Balance Sheet was as follows :

Balance Sheet of Ashish and Kanav as at 31st March, 2018

Amount Amount
Liabilities < Assets <
Trade Creditors 42,000 Bank 35,000
Employees’ Provident
60,000 Stock 24,000
Fund
Mrs. Ashish’s Loan 9,000 Debtors 19,000

Kanav’s Loan 35,000 Furniture 40,000
Workmen’s
20,000 Plant 2,10,000
Compensation Fund
Investment Fluctuation
4,000 Investments 32,000
Reserve
Profit and Loss
Capital : 10,000
Account
Ashish 1,20,000
Kanav 80,000
2,00,000

3,70,000 3,70,000
On the above date they decided to dissolve the firm.
(i) Ashish agreed to take over furniture at < 38,000 and pay off
Mrs. Ashish’s loan.
(ii) Debtors realised < 18,500 and plant realised 10% more.
(iii) Kanav took over 40% of the stock at 20% less than the book value.
Remaining stock was sold at a gain of 10%.
(iv) Trade creditors took over investments in full settlement.
(v) Kanav agreed to take over the responsibility of completing
dissolution at an agreed remuneration of < 12,000 and to bear
realization expenses. Actual expenses of realization amounted to
< 8,000.
Prepare Revaluation Account.

67/2/1 12

15. ZdrZ, H$m{Xa VWm amOoe gmPoXma Wo VWm CÎmamIÊS> _| BboŠQ´>m{° ZH$ gm_mZ H$m ì`dgm`
H$aVo Wo & gmPoXmar ImVo V¡`ma VWm ~ÝX H$aZo Ho$ níMmV² `h nVm Mbm {H$ 31 _mM©,
2017 VWm 2018 H$mo g_mßV hþE dfm] Ho$ {bE gmPoXmam| H$s ny±Or na 6% à{V df© ã`mO
bJm`m J`m, O~{H$ gmPoXmar g§boI _| ny±Or na ã`mO Ho$ {bE H$moB© àmdYmZ Zht Wm &
BgHo$ {dnarV, ZdrZ VWm H$m{Xa H«$_e: < 3,500 VWm < 4,000 Ì¡_m{gH$ doVZ Ho$ hµH$Xma
Wo, {OgH$m g§kmZ Zht {b`m J`m & CZH$s ñWm`r ny±{O`m± H«$_e: < 4,00,000,
< 3,60,000 VWm < 2,40,000 Wt & {nN>bo Xmo dfm] _| CÝhm|Zo bm^-hm{Z H$mo {ZåZ àH$ma
go ~m±Q>m :
df© g_m{ßV AZwnmV
31 _mM©, 2017 3:2:1
31 _mM©, 2018 5:3:2
Cn`w©º$ g_m`moOZm| Ho$ {bE 1 Aà¡b, 2018 H$mo \$_© H$s nwñVH$m| _| Amdí`H$ g_m`moOZ
à{dpîQ> H$s{OE & AnZo H$m`© H$mo ñnîQ> Xem©BE & $ 6
AWdm
31 _mM©, 2018 H$mo bm^m| VWm AmhaUm| Ho$ g_m`moOZ Ho$ níMmV² A^ra, ~m°~r VWm {dZrV
Ho$ ny±Or ImVm| Ho$ eof H«$_e: < 8,00,000, < 6,00,000 VWm < 4,00,000 Wo &
~mX _| `h nVm Mbm {H$ ny±Or VWm AmhaU na ã`mO Zht bJm`m J`m & gmPoXmam| H$mo ny±Or
na 10% à{V df© ã`mO Xo` Wm VWm AmhaUm| na 6% à{V df© ã`mO bJmZm Wm & df© _|
A^ra Zo àË`oH$ _mh Ho$ A§V _| < 20,000, ~m°~r Zo àË`oH$ AY© df© Ho$ Amaå^ _|
< 50,000 VWm {dZrV Zo 31 AŠQy>~a, 2017 H$mo < 1,00,000 H$m AmhaU {H$`m &
31 _mM©, 2018 H$mo g_mßV hþE df© _| ewÕ bm^ < 1,50,000 Wm & bm^ {d^mOZ
AZwnmV 2 : 2 : 1 Wm &
Cn`w©º$ g_m`moOZm| Ho$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ g_m`moOZ à{dpîQ> H$s{OE & AnZo
H$m`© H$mo ^r ñnï> Xem©BE & 6
Naveen, Qadir and Rajesh were partners doing an electronic goods
business in Uttarakhand. After the accounts of partnership were drawn
up and closed, it was discovered that interest on capital has been allowed
to partners @ 6% p.a. for the years ending 31st March, 2017 and 2018,
although there is no provision for interest on capital in the partnership
deed. On the other hand, Naveen and Qadir were entitled to a salary of
< 3,500 and < 4,000 per quarter respectively, which has not been taken
into consideration. Their fixed capitals were < 4,00,000, < 3,60,000 and
< 2,40,000 respectively. During the last two years they had shared the
profits and losses as follows :
Year Ended Ratio
31st March, 2017 3:2:1
st
31 March, 2018 5:3:2
Pass necessary adjusting entry for the above adjustments in the books of
the firm on 1st April, 2018. Show your workings clearly.
OR
67/2/1 13 P.T.O.

On 31st March, 2018 the balance in the Capital Accounts of Abhir, Bobby
and Vineet, after making adjustments for profits and drawings were
< 8,00,000, < 6,00,000 and < 4,00,000 respectively.
Subsequently, it was discovered that interest on capital and interest on
drawings had been omitted. The partners were entitled to interest on
capital @ 10% p.a. and were to be charged interest on drawings @ 6% p.a.
The drawings during the year were : Abhir  < 20,000 drawn at the end
of each month, Bobby  < 50,000 drawn at the beginning of every half
year and Vineet  < 1,00,000 withdrawn on 31st October, 2017. The net
profit for the year ended 31st March, 2018 was < 1,50,000. The profit
sharing ratio was 2 : 2 : 1.

Pass necessary adjusting entry for the above adjustments in the books of
the firm. Also, show your workings clearly.

16. S>oZñna {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 2,00,000 g_Vm A§em| H$mo < 20 à{V A§e Ho$
àr{_`_ na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e {ZåZ àH$ma go Xo` Wr :
AmdoXZ na – < 2 à{V A§e
Am~§Q>Z na – < 13 à{V A§e (< 10 àr{_`_ g{hV)
àW_ `mMZm na – < 7 à{V A§e (< 5 àr{_`_ g{hV)
ApÝV_ `mMZm na – < 8 à{V A§e (< 5 àr{_`_ g{hV)

1,80,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & g^r AmdoXH$m| H$mo A§em| H$m Am~§Q>Z H$a {X`m
J`m & 5,000 A§em| Ho$ EH$ A§eYmaH$, `moJoe, Zo Am~§Q>Z am{e Ho$ gmW AnZr nyar A§e
am{e H$m ^wJVmZ H$a {X`m & 7,000 A§em| H$m EH$ A§eYmaH$, {deof, Am~§Q>Z am{e H$m
^wJVmZ H$aZo _| Ag\$b ahm & BgHo$ níMmV² àW_ `mMZm _m±Jr JB© & {deof Zo Am~§Q>Z
am{e H$m ^wJVmZ àW_ `mMZm Ho$ gmW H$a {X`m & 2,000 A§em| Ho$ A§eYmaH$, g_`oe, Zo
ApÝV_ `mMZm H$m ^wJVmZ Zht {H$`m & g_`oe Ho$ A§em| H$m haU ApÝV_ `mMZm Ho$ VwaÝV
níMmV² H$a {b`m J`m & haU {H$E JE A§em| _| go 1,500 A§em| H$m < 8 à{V A§e nyU©
àXÎm nwZ:{ZJ©_Z H$a {X`m J`m &
Cn`w©º$ boZXoZm| Ho$ {bE S>oZñna {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 8
AWdm
67/2/1 14

‘Ho$ Eb EZ {b{_Q>oS>’ Zo < 10 àË`oH$ Ho$ 1,00,000 A§em| H$mo < 2 à{V A§e Ho$ àr{_`_
na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e {ZåZ àH$ma go Xo` Wr :
AmdoXZ na – < 3 à{V A§e (< 1 àr{_`_ g{hV)
Am~§Q>Z na – < 4 à{V A§e (< 1 àr{_`_ g{hV)
àW_ `mMZm na – < 3 à{V A§e
Xÿgar VWm ApÝV_ `mMZm na – eof am{e
1,90,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & AmdoXH$m| H$mo {ZåZ àH$ma go Am~§Q>Z {H$`m
J`m :
AmdoXZ {H$E JE A§em| H$s Am~§{Q>V {H$E JE A§em| H$s
loUr
g§»`m g§»`m
I 50,000 40,000
II 1,00,000 60,000

eof AmdoXZm| H$mo aÔ H$a {X`m J`m &
loUr I go gå~pÝYV EH$ A§eYmaH$, aµOV, {OgZo 2,500 A§em| Ho$ {bE AmdoXZ {H$`m Wm,
Am~§Q>Z VWm àW_ `mMZm na Xo` am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & CgHo$ A§em| H$m
VwaÝV haU H$a {b`m J`m &
loUr II go gå~pÝYV, 3,000 A§em| H$s EH$ A§eYmaH$, ar_m, àW_ VWm {ÛVr` `mMZm am{e
H$m ^wJVmZ H$aZo _| Ag\$b ahr & CgHo$ A§em| H$m ^r haU H$a {b`m J`m & BgHo$ níMmV²
4,000 A§em| H$m < 8 à{V A§e nyU© àXÎm nwZ:{ZJ©_Z H$a {X`m J`m & Bg_| ar_m Ho$ haU
{H$E JE g^r A§e gpå_{bV Wo &
Cn`w©º$ boZXoZm§o Ho$ {bE ‘Ho$ Eb EZ {b{_Q>oS>’ H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 8
Denspar Ltd. invited applications for issuing 2,00,000 equity shares of
< 10 each at a premium of < 20 per share. The amount was payable as
follows :
On Application – < 2 per share
On Allotment – < 13 per share (including < 10 premium)
On First Call – < 7 per share (including < 5 premium)
On Final Call – < 8 per share (including < 5 premium)
Applications for 1,80,000 shares were received. Shares were allotted to all
the applicants. Yogesh, a shareholder holding 5,000 shares paid his

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

entire share money along with the allotment money. Vishesh, a holder of
7,000 shares, failed to pay the allotment money. Afterwards the first call
was made. Vishesh paid the allotment money along with the first call
money. Samyesh, holding 2,000 shares did not pay the final call.
Samyesh’s shares were forfeited immediately after the final call. Out of
the forfeited shares, 1,500 shares were reissued at < 8 per share fully
paid up.
Pass the necessary journal entries for the above transactions in the books
of Denspar Ltd.
OR
‘KLN Ltd.’ invited applications for issuing 1,00,000 shares of < 10 each
at a premium of < 2 per share. The amount was payable as follows :
On Application – < 3 per share (including premium < 1)
On Allotment – < 4 per share (including premium < 1)
On First call – < 3 per share
On Second and Final Call – Balance amount
Application for 1,90,000 shares were received. Allotment was made to the
applicants as follows :
Category No. of Shares Applied No. of Shares Allotted
I 50,000 40,000
II 1,00,000 60,000

Remaining applications were rejected.
Rajat, a shareholder belonging to Category I who had applied for 2,500
shares, failed to pay the amount due on allotment and first call. His
shares were immediately forfeited.
Reema, a shareholder belonging to Category II who was holding 3,000
shares failed to pay the first call and second call money. Her shares were
also forfeited. Afterwards 4,000 shares were reissued @ < 8 per share
fully paid up. These included all the forfeited shares of Reema.
Pass necessary journal entries for the above transactions in the books of
‘KLN Ltd.’

67/2/1 16

17. _mohZ, {dZ` VWm {ZË`m EH$ \$_© _| gmPoXma Wo VWm H«$_e… 1 , 1 VWm 1 Ho$ AZwnmV _|
2 3 6
bm^-hm{Z ~m±Q>Vo Wo & 31 _mM©, 2018 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2018 H$mo _mohZ, {dZ` VWm {ZË`m H$m pñW{V {ddaU
am{e am{e
Xo`VmE± < n[agån{Îm`m± <
boZXma 48,000 >~¢H$ _| amoH$‹S> 31,000
H$_©Mmar ^{dî` {Z{Y 1,70,000 àmß` {~b 54,000
nwñVH$ G$U 63,000
AmH$pñ_H$ g§M` 30,000
KQ>m : g§{X½Y
G$Um| Ho$ {bE
n±yOr : àmdYmZ 2,000 61,000
_mohZ 1,20,000 g§`§Ì> VWm _erZar 1,20,000
{dZ` 1,00,000 ^y{_ VWm ^dZ 2,92,000
{ZË`m 90,000 3,10,000

5,58,000 5,58,000
Cn`w©º$ {V{W H$mo _mohZ Zo AdH$me J«hU {H$`m VWm `h gh_{V hþB© {H$ :
(i) g§`§Ì VWm _erZar na 5% _yë`õmg bJm`m OmEJm &
(ii) EH$ nwamZm H$åß`yQ>a {Ogo nyd© _| An{b{IV H$a {X`m J`m Wm < 4,000 _| ~oMm
J`m &
(iii) < 3,000 Sy>~V G$U An{b{IV {H$E OmE±Jo VWm XoZXmam| na Sy>~V Ed§ g§{X½Y G$Um|
Ho$ {bE 5% H$m àmdYmZ {H$`m OmEJm &
(iv) \$_© H$s »`m{V H$m _yë`m§H$Z < 1,80,000 {H$`m J`m VWm Bg_| go _mohZ H$m ^mJ
CgHo$ ImVo _|, {dZ` VWm {ZË`m Ho$ ImVm| Ho$ Zm_ _| IVm¡Zr H$aHo$, O_m {H$`m J`m &
(v) ZB© \$_© H$s ny±Or < 90,000 {ZYm©[aV H$s JB© VWm pñW{V AZwgma ZJX bmH$a
AWdm ^wJVmZ H$aHo$ Amdí`H$ g_m`moOZ {H$E JE &
(vi) {dZ` VWm {ZË`m ^{dî` Ho$ bm^ 3 : 2 Ho$ AZwnmV _| ~m±Q>|Jo &

nwZJ©{R>V \$_© H$m nwZ_y©ë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm pñW{V {ddaU V¡`ma
H$s{OE & 8

AWdm

67/2/1 17 P.T.O.

brZm VWm amo{hV EH$ \$_© _| gmPoXma h¢ VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo h¢ &
31 _mM©, 2018 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2018 H$mo brZm VWm amo{hV H$m pñW{V {ddaU

am{e am{e
Xo`VmE± < n[agån{Îm`m± <
{d{dY boZXma 80,000 amoH$‹S> 42,000
Xo` {~b 38,000 XoZXma 1,32,000
KQ>m : g§{X½Y G$Um| Ho$
gm_mÝ` g§M` 50,000
{bE àmdYmZ 2,000 1,30,000
n±yOr : ñQ>m°H$ 1,46,000
brZm 1,60,000 g§`§Ì VWm _erZar 1,50,000
amo{hV 1,40,000 3,00,000
4,68,000 4,68,000

{ZåZ eVm] na Cn`w©º$ {V{W H$mo \$_© Ho$ bm^ Ho$ 1 d| ^mJ Ho$ {bE _ZmoO H$mo EH$ Z`m
5
gmPoXma ~Zm`m J`m :

(i) _ZmoO AmZwnm{VH$ n±yOr bm`m & gmW hr dh »`m{V àr{_`_ H$m AnZm ^mJ
< 80,000 ZJX bm`m &

(ii) gm_mÝ` g§M` Ho$ 10% H$mo g§{X½Y G$Um| Ho$ {bE àmdYmZ _| ñWmZm§V[aV H$aZm Wm &

(iii) H$m_Jma j{Vny{V© H$m Xmdm < 40,000 H$m Wm &

(iv) ñQ>m°H$ H$m < 16,000 A{YH$ _yë`m§H$Z {H$`m J`m &

(v) brZm, amo{hV VWm _ZmoO ^{dî` _| 5 : 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>|Jo &
nwZJ©{R>V \$_© H$m nwZ_©yë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm pñW{V {ddaU V¡`ma
H$s{OE & 8

67/2/1 18

Mohan, Vinay and Nitya were partners in a firm sharing profits and
1 1 1
losses in the proportion of , and respectively. On 31st March,
2 3 6
2018, their Balance Sheet was as follows :

Balance Sheet of Mohan, Vinay and Nitya as at 31st March, 2018
Amount Amount
Liabilities Assets
< <
Creditors 48,000 Cash at Bank 31,000

Employees’ Provident Fund 1,70,000 Bills Receivable 54,000

Contingency Reserve 30,000 Book Debts 63,000
Less : Provision
Capital : for doubtful
debts 2,000 61,000
Mohan 1,20,000
Plant and Machinery 1,20,000
Vinay 1,00,000
Land and Building 2,92,000
Nitya 90,000
3,10,000

5,58,000 5,58,000

Mohan retired on the above date and it was agreed that :
(i) Plant and machinery will be depreciated by 5%.
(ii) An old computer previously written off was sold for < 4,000.
(iii) Bad debts amounting to < 3,000 will be written off and a provision
of 5% on debtors for bad and doubtful debts will be maintained.
(iv) Goodwill of the firm was valued at < 1,80,000 and Mohan’s share
of the same was credited in his account by debiting Vinay’s and
Nitya’s accounts.
(v) The capital of the new firm was to be fixed at < 90,000 and
necessary adjustments were to be made by bringing in or paying
off cash as the case may be.
(vi) Vinay and Nitya will share future profits in the ratio of 3 : 2.
Prepare Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of the reconstituted firm.
OR

67/2/1 19 P.T.O.

Leena and Rohit are partners in a firm sharing profits in the ratio of
3 : 2. On 31st March, 2018, their Balance Sheet was as follows :

Balance Sheet of Leena and Rohit as at 31st March, 2018

Amount Amount
Liabilities Assets
< <
Sundry Creditors 80,000 Cash 42,000

Bills Payable 38,000 Debtors 1,32,000
Less : Provision
General Reserve 50,000 for doubtful
debts 2,000 1,30,000

Capital : Stock 1,46,000

Leena 1,60,000 Plant and Machinery 1,50,000
Rohit 1,40,000
3,00,000

4,68,000 4,68,000

1
On the above date Manoj was admitted as a new partner for th share
5
in the profits of the firm on the following terms :

(i) Manoj brought proportionate capital. He also brought his share of
goodwill premium of < 80,000 in cash.

(ii) 10% of the general reserve was to be transferred to provision for
doubtful debts.

(iii) Claim on account of workmen’s compensation amounted to
< 40,000.
(iv) Stock was overvalued by < 16,000.

(v) Leena, Rohit and Manoj will share future profits in the ratio of
5 : 3 : 2.

Prepare Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of the reconstituted firm.

67/2/1 20

IÊS> I
{dH$ën 1
({dÎmr` {ddaUm| H$m {díbofU)
PART B
OPTION 1
(Analysis of Financial Statements)

18. amoH$‹S> àdmh {ddaU V¡`ma H$aVo g_` ‘A{J«_ amoH$‹S> VWm V¥Vr` nj H$mo {XE JE G$Um|’ H$mo
Amn {H$g àH$ma H$s J{V{d{Y Ho$ AÝVJ©V dJuH¥$V H$a|Jo ? 1
Under which type of activity will you classify ‘Cash advances and loans
made to third party’ while preparing Cash Flow Statement ?

19. ‘amoH$‹S> àdmh {ddaU’ V¡`ma H$aZo Ho$ àmW{_H$ CÔoí` H$m CëboI H$s{OE & 1
State the primary objective of preparing ‘Cash Flow Statement.’

20. H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma EH$ H$ånZr Ho$ pñW{V {ddaU
_| {ZåZ{b{IV _Xm| H$mo {H$Z _w»` erf©H$m| Ed§ Cnerf©H$m| Ho$ AÝVJ©V Xem©`m OmEJm ? 4

(i) G$UnÌm| na A{O©V VWm Xo` ã`mO
(ii) IwXam Am¡µOma
(iii) A{J«_ `mMZmAm| na A{O©V ã`mO
(iv) AXÎm `mMZmAm| na Xo` ã`mO
(v) ì`mnm[aH$ {M• (Q´>oS>_mŠg©)
(vi) G$UnÌm| Ho$ emoYZ na àr{_`_
(vii) g§`§Ì VWm _erZar
(viii) noQ>oÝQ²>g
AWdm
‘{dÎmr` {ddaUm| Ho$ {díbofU’ H$s {H$Ýht Mma gr_mAm| H$mo g§jon _| g_PmBE & 4

67/2/1 21 P.T.O.

Under which major headings and subheadings will the following items be
presented in the Balance Sheet of a company as per Schedule III, Part I of
the Companies Act, 2013 ?
(i) Interest accrued and due on debentures
(ii) Loose tools
(iii) Accrued interest on calls in advance
(iv) Interest due on calls in arrears
(v) Trademarks
(vi) Premium on redemption of debentures
(vii) Plant and Machinery
(viii) Patents
OR
Explain briefly any four limitations of ‘Analysis of Financial Statements.’

21. (i) {ZåZ{b{IV gyMZm go ã`mO AmdaU AZwnmV H$s JUZm H$s{OE :
ã`mO Ed§ H$a Ho$ ^wJVmZ Ho$ ~mX ewÕ bm^ < 1,20,000; Am`H$a H$s Xa 40%;
15% G$UnÌ < 1,00,000; < 1,00,000 H$m 12% ~§YH$ G$U &

(ii) EH$ H$ånZr Ho$ nmg < 3,00,000 H$s Mmby n[agån{Îm`m± VWm < 1,40,000 H$s
Mmby Xo`VmE± h¢ & BgHo$ níMmV², BgZo < 20,000 H$m _mb CYma H«$` {H$`m & _mb
Ho$ H«$` Ho$ níMmV² Mmby AZwnmV H$s JUZm H$s{OE & 4

AWdm
EH$ H$ånZr H$m Ëd[aV AZwnmV 1 : 1 h¡ & H$maU g{hV CëboI H$s{OE {H$ {ZåZ{b{IV
boZXoZ AZwnmV H$mo ~‹T>mE±Jo, KQ>mE±Jo AWdm Cg_| H$moB© n[adV©Z Zht H$a|Jo : 4
(i) < 10,000 Ho$ ~r_m àr{_`_ H$m A{J«_ ^wJVmZ {H$`m J`m &
(ii) < 8,000 H$m _mb CYma H«$` {H$`m J`m &
(iii) < 1,00,000 Ho$ nyU© ^wJVmZ g_Vm A§e {ZJ©{_V {H$E JE &
(iv) < 5,00,000 Ho$ 9% G$UnÌm| H$m {ZJ©_Z, {dH«o$Vm H$mo _erZar Ho$ H«$` Ho$ {bE
{H$`m J`m &

67/2/1 22

(i) From the following information calculate Interest Coverage Ratio :
Net profit after interest and tax < 1,20,000; Rate of income tax
40%; 15% debentures < 1,00,000; 12% Mortgage loan < 1,00,000.
(ii) A company had Current Assets < 3,00,000 and Current Liabilities
< 1,40,000. Afterwards, it purchased goods worth < 20,000 on
credit. Calculate the Current Ratio after the purchase of goods.
OR
Quick ratio of a company is 1 : 1. State, with reason, whether the
following transactions will increase, decrease or not change the ratio :
(i) Paid insurance premium in advance < 10,000.
(ii) Purchased goods on credit < 8,000.
(iii) Issued fully paid equity shares of < 1,00,000.
(iv) Issued 9% debentures of < 5,00,000 to the vendor for machinery
purchased.

22. 31 _mM©, 2017 VWm 31 _mM©, 2018 H$mo g_mßV dfm] Ho$ bm^-hm{Z {ddaU go CX²Y¥V
{ZåZ{b{IV gyMZm go EH$ VwbZmË_H$ bm^-hm{Z {ddaU V¡`ma H$s{OE : 4
{ddaU 2017 − 18 2016 − 17
àMmbZm| go AmJ_ Cn^moJ H$s JB© gm_J«r H$s Cn^moJ H$s JB© gm_J«r H$s
bmJV H$m 300% bmJV H$m 200%
Cn^moJ H$s JB© gm_J«r H$s bmJV < 2,40,000 < 2,00,000
AÝ` ì`` Cn^moJ H$s JB© gm_J«r H$s Cn^moJ H$s JB© gm_J«r H$s
bmJV H$m 20% bmJV H$m 10%
H$a Xa 50% 50%
From the information extracted from the Statement of Profit and Loss for
the years ended 31st March, 2017 and 31st March, 2018, prepare a
Comparative Statement of Profit and Loss :
Particulars 2017 − 18 2016 − 17
Revenue from operations 300% of cost of 200% of cost of
material consumed material consumed
Cost of materials
< 2,40,000 < 2,00,000
consumed
Other expenses 20% of cost of 10% of cost of
material consumed material consumed
Tax rate 50% 50%

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

23. 31 _mM©, 2018 H$mo S>r.gr.EŠg. {b{_Q>oS> Ho$ {ZåZ{b{IV pñW{V {ddaU VWm A{V[aº$ gyMZm
go amoH$‹S> àdmh {ddaU V¡`ma H$s{OE : 6
S>r.gr.EŠg. {b{_Q>oS>
31 _mM©, 2018 H$m pñW{V {ddaU
ZmoQ> 31.3.2018 31.3.2017
{ddaU g§. < <
I – g_Vm Ed§ Xo`VmE± :
1. A§eYmar$ {Z{Y`m± :
(A) A§e ny±Or 30,00,000 21,00,000

(~) g§M` Ed§ Am{YŠ` 1 4,00,000 5,00,000
2. AMb Xo`VmE± :
XrK©H$mbrZ G$U 2 8,00,000 5,00,000
3. Mmby Xo`VmE± :
(A) ì`mnma Xo` 1,50,000 1,00,000

(~) Aënmd{Y àmdYmZ 3 76,000 56,000
Hw$b 44,26,000 32,56,000

II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± :
ñWm`r n[agån{Îm`m± :
(i) _yV© n[agån{Îm`m± 4 27,00,000 20,00,000

(ii) A_yV© n[agån{Îm`m± 8,00,000 7,00,000
2. Mmby n[agån{Îm`m± :
(A) Mmby {Zdoe 89,000 78,000
(~) _mb-gyMr 8,00,000 4,00,000
(g) amoH$‹S> Ed§ amoH$‹S> Vwë` 37,000 78,000
Hw$b 44,26,000 32,56,000

67/2/1 24

ImVm| Ho$ ZmoQ²>g :
ZmoQ> 31.3.2018 31.3.2017
{ddaU
g§. < <
1. g§M` Ed§ Am{YŠ` :
(Am{YŠ` AWm©V² bm^-hm{Z {ddaU H$m
eof) 4,00,000 5,00,000
4,00,000 5,00,000
2. XrK©H$mbrZ G$U :
8% G$UnÌ 8,00,000 5,00,000
8,00,000 5,00,000
3. Aënmd{Y àmdYmZ :
H$a Ho$ {bE àmdYmZ 76,000 56,000
76,000 56,000
4. _yV© n[agån{Îm`m± :
_erZar 33,00,000 25,00,000
KQ>m : EH${ÌV (g§{MV) _yë`õmg (6,00,000) (5,00,000)
27,00,000 20,00,000
A{V[aº$ gyMZm :
(i) df© Ho$ Xm¡amZ < 8,00,000 bmJV H$s EH$ _erZ H$mo < 6,40,000 _| ~oM {X`m
J`m {Og na < 3,20,000 H$m EH${ÌV (g§{MV) _yë`õmg Wm &
(ii) G$UnÌm| H$m {ZJ©_Z 1 Aà¡b, 2017 H$mo {H$`m J`m &
From the following Balance Sheet of DCX Ltd. and the additional
information as at 31st March, 2018 prepare a Cash Flow Statement :

DCX Ltd.
Balance Sheet as at 31st March, 2018

Note 31.3.2018 31.3.2017
Particulars No. < <
I – Equity and Liabilities :
1. Shareholder’s Funds :
(a) Share Capital 30,00,000 21,00,000
(b) Reserves and Surplus 1 4,00,000 5,00,000
2. Non-Current Liabilities :
Long-term Borrowings 2 8,00,000 5,00,000

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

Note 31.3.2018 31.3.2017
Particulars No. < <
3. Current Liabilities :
(a) Trade Payables 1,50,000 1,00,000
(b) Short-term Provisions 3 76,000 56,000
Total 44,26,000 32,56,000
II – Assets :
1. Non-Current Assets :
Fixed Assets :
(i) Tangible Assets 4 27,00,000 20,00,000
(ii) Intangible Assets 8,00,000 7,00,000
2. Current Assets :
(a) Current Investments 89,000 78,000
(b) Inventories 8,00,000 4,00,000
(c) Cash and cash equivalents 37,000 78,000
Total 44,26,000 32,56,000
Notes to Accounts :
Note 31.3.2018 31.3.2017
Particulars
No. < <
1. Reserves and Surplus :
(Surplus i.e. Balance in the
Statement of Profit and Loss) 4,00,000 5,00,000
4,00,000 5,00,000
2. Long-term Borrowings :
8% Debentures 8,00,000 5,00,000
8,00,000 5,00,000
3. Short-term Provisions :
Provision for Tax 76,000 56,000
76,000 56,000
4. Tangible Asset :
Machinery 33,00,000 25,00,000
Less : Accumulated Depreciation (6,00,000) (5,00,000)
27,00,000 20,00,000
Additional Information :
(i) During the year a machinery costing < 8,00,000 on which
accumulated depreciation was < 3,20,000 was sold for < 6,40,000.
(ii) Debentures were issued on 1st April, 2017.
67/2/1 26

IÊS> I
{dH$ën 2
(A{^H${bÌ boIm§H$Z)
PART B
OPTION 2
(Computerised Accounting)

18. JwUm| H$m Š`m AW© h¡ ? 1
What is meant by attributes ?

19. ‘hmS>©do`a’ H$m Š`m AW© h¡ ? 1
What is meant by ‘Hardware’ ?

20. A{^H${bÌ boIm§H$Z àUmbr H$s Mma gr_mE± Xr{OE & 4
Give four limitations of computerised accounting system.

21. boIm§H$Z gyMZm àUmbr H$s {H$Ýht Xmo Cn-àUm{b`m| H$mo g_PmBE & 4
AWdm
Xr JB© Ad{Y Ho$ {bE Mmby no-amob (doVZ) Ho$ {bE H$Q>m¡{V`m| H$s JUZm H$aVo g_` Ü`mZ _|
aIo OmZo dmbo KQ>H$m| H$s gyMr Xr{OE & 4
Explain any two sub-systems of accounting information system.
OR
List the elements to be considered while calculating deductions for
current payroll for a given period.

22. Q>¡br _| ~¢H$ g_mYmZ {ddaU ~ZmZo Ho$ MaUm| H$m CëboI H$s{OE & 4
AWdm
g_J« (H$ånmo{OQ>) ~Zm_ AUw (EQ>mo{_H$) JwUm| VWm ^ÊS>m[aV ~Zm_ ì`wËnÞ JwUm| H$mo
g_PmBE &
State the steps to construct Bank Reconciliation Statements in Tally. 4
OR
Explain composite vs atomic attributes and stored vs derived attributes.

23. geV© \$m°_}qQ>J H$m Š`m AW© h¡ ? BgHo$ Xmo Cn`moJ VWm VrZ bm^ Xr{OE & 6
What is meant by conditional formatting ? Give its two uses and three
benefits.

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