CBSE Class 12 Question Paper 2023 Accountancy (Solved)

Qu e st i o n

P a p e r
2023

Series EF1GH/1 SET~1

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

boImemñÌ
ACCOUNTANCY
*
:3 : 80
Time allowed : 3 hours Maximum Marks : 80

NOTE :
(i) - 39
Please check that this question paper contains 39 printed pages.
(ii) - - -
-
Q.P. Code given on the right hand side of the question paper shou ld be written on the title
page of the answer-book by the candidate.
(iii) - 34
Please check that this question paper contains 34 questions.
(iv) -

Please write down the serial number of the question in the answer- book before attempting
it.
(v) - 15 -
10.15 10.15 10.30 -
-
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.

67/1/1 JJJJ Page 1 P.T.O.

:
:
(i) 34
(ii)
(iii)
(iv) (1) (2)

(v) 1 16 27 30
(vi) 17 20, 31 32
(vii) 21, 22 33
(viii) 23 26 34
(ix) 7
2 1 2

^mJ> H$
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
1. (i) {hZm VWm ZrZm EH$ \$_© _| gmPoXma h¢ & 31 _mM©, 2022 H$mo g_mßV hþE df© _|,
ZrZm Zo àË`oH$ _mh Ho$ àmaå^ _| < 10,000 à{V _mh H$m AmhaU {H$`m h¡ &
AmhaU na ã`mO 6% dm{f©H$ Xa go à^m[aV {H$`m OmZm Wm &
31 _mM©, 2022 H$mo g_mßV hþE df© _| ZrZm Ho$ AmhaU na ã`mO hmoJm : 1
(a) < 3,900 (b) < 325
(c) < 3,600 (d) < 3,300
AWdm
(ii) {d^m VWm Amem EH$ \$_© _| gmPoXma h¢ & 31 _mM©, 2022 H$mo g_mßV hþE df© _|
Amem Zo àË`oH$ {V_mhr Ho$ AÝV _| < 1,000 H$m AmhaU {H$`m h¡ & AmhaU na
ã`mO H$s JUZm H$s Am¡gV Ad{Y hmoJr : 1
1
(a) 6 _mh (b) 4 _mh$ $
2
1 1
(c) 7 _mh (d) 6 _mh
2 2
67/1/1 JJJJ Page 2

General Instructions :
Read the following instructions very carefully and strictly follow them :
(i) This question paper contains 34 questions. All questions are compulsory.
(ii) This question paper is divided into two parts Part A and Part B.
(iii) Part A is compulsory for all candidates.
(iv) Part B has two options i.e. (1) Analysis of Financial Statements, and
(2) Computerised Accounting. Candidates must attempt only one of the given
options as per the subject opted in Part B.
(v) Questions no. 1 to 16 and 27 to 30 carry 1 mark each.
(vi) Questions no. 17 to 20, 31 and 32 carry 3 marks each.
(vii) Questions no. 21, 22 and 33 carry 4 marks each.
(viii) Questions no. 23 to 26 and 34 carry 6 marks each.
(ix) There is no overall choice. However, an internal choice has been provided in
7 questions of one mark, 2 questions of three marks, 1 question of four marks
and 2 questions of six marks.

PART A
(Accounting for Partnership Firms and Companies)

1. (i) Hina and Neena are partners in a firm. Neena withdrew < 10,000
per month at the beginning of each month during the year ended
31st March, 2022. Interest on drawings was to be charged @ 6% per
annum.
st March, 2022

will be : 1
(a) < 3,900 (b) < 325
(c) < 3,600 (d) < 3,300
OR
(ii) Vibha and Asha are partners in a firm. Asha withdrew < 1,000 at
the end of each quarter during the year ended 31st March, 2022.
Interest on drawings will be calculated for an average period of : 1
1
(a) 6 months (b) 4 months
2
1 1
(c) 7 months (d) 6 months
2 2

67/1/1 JJJJ Page 3 P.T.O.

2. A_Z Am¡a M_Z EH$ \$_© _| gmPoXma h¢ & A_Z Zo 1 OwbmB©, 2021 H$mo \$_© H$mo
< 6,00,000 H$m G$U {X`m & CZH$m H$moB© gmPoXmar g§boI Zht Wm & 31 _mM©, 2022 H$mo
A_Z G$U na {_bZo dmbo ã`mO H$s {ZåZ am{e H$m hH$Xma Wm : 1
(a) < 36,000 (b) < 18,000
(c) < 9,000 (d) < 27,000

3. (i) A{jVm {b{_Q>So > Zo < 4,70,000 H$s ewÕ n[agån{Îm`m| Ho$ H«$` _yë` Ho$ ~Xbo
< 5,00,000 Ho$ nyU© àXÎm A§em| H$m {ZJ©_Z {H$`m & < 30,000 Ho$ eof H$s IVm¡Zr
__________ ImVo Ho$ _________ _| H$s OmEJr & $ 1
(a) »`m{V, Zm_ nj
(b) ny±Or g§M`, Zm_ nj
(c) ny±Or g§M`, O_m nj
(d) gm_mÝ` g§M`, O_m nj
AWdm
(ii) _mBam {b{_Q>oS> Zo gw^d {b{_Q>oS> H$s < 12,00,000 H$s n[agån{Îm`m| VWm
< 4,00,000 H$s Xo`VmAm| H$s < 9,00,000 Ho$ H«$` _yë` na A{YJ«hU H$aZo H$s
gh_{V Xr >& _yë` H$m ^wJVmZ < 100 àË`oH$ Ho$ 11% G$UnÌm| H$m 10% ~Å>o na
{ZJ©_Z H$aHo$ Xo` Wm & {ZJ©{_V {H$E JE G$UnÌm| H$s g§»`m hmoJr : 1
(a) 9,000 (b) 10,000
(c) 8,000 (d) 11,000

4
5
H${dVm, ny± : < 6,00,000,
< 4,00,000 VWm < 2,00,000 Wt & ny±Or na 10% dm{f©H$ Xa go ã¶mO XoZo Ho$ níMmV²
bm^m| H$m {d^mOZ {ZåZ àH$ma go Wm :
H${dVm 1 ^mJ, g{dVm 1 1
^mJ & H${dVm Zo ì¶{º$JV ê$n go Jma§Q>r Xr
3 2 6
{H$ ny±Or na ã¶mO à^m[aV H$aZo Ho$
< 1,00,000 ht hmoJm &
ny±Or na ã¶mO àXmZ H$aZo go nyd© 31 , 2022 df©
< 3,00,000 Wm &
67/1/1 JJJJ Page 4

2. Aman and Chaman are partners in a firm. On 1 st July, 2021 Aman
advanced a loan of < 6,00,000 to the firm. There is no partnership deed.
On 31st March, 2022, Aman was entitled to get the following amount as
interest on loan : 1
(a) < 36,000 (b) < 18,000
(c) < 9,000 (d) < 27,000
3. (i) Akshita Ltd. issued fully paid shares of < 5,00,000 in purchase
consideration of net assets of < 4,70,000. The balance of < 30,000
will be ______ to _______ account. 1
(a) debited, Goodwill
(b) debited, Capital Reserve
(c) credited, Capital Reserve
(d) credited, General Reserve
OR
(ii) Maira Ltd. took over assets of < 12,00,000 and liabilities of
< 4,00,000 of Subav Ltd. for an agreed purchase consideration of
< 9,00,000. The amount was payable by issue of 11% debentures of
< 100 each at 10% discount. The number of debentures issued will
be : 1
(a) 9,000 (b) 10,000
(c) 8,000 (d) 11,000
Read the following hypothetical situation and answer questions number
4 and 5 on the basis of the given information :

Kavita, Savita and Madhu were partners in a firm with capitals of

< 6,00,000, < 4,00,000 and < 2,00,000 respectively. After providing
interest on capital @ 10% p.a., the profits are divisible as follows :
1 1 1
Kavita , Savita and Madhu . Kavita personally guaranteed that
3 2 6

less than < 1,00,000 in any year.

The profit for the year ending 31st March, 2022 amounted to < 3,00,000

before providing interest on capital.

67/1/1 JJJJ Page 5 P.T.O.

4. : 1
(a) < 40,000 (b) < 70,000
(c) < 20,000 (d) < 10,000
5. $ Hw$b bm^m| H$mo
{H$¶m OmEJm : 1
(a) H${dVm < 60,000, g{dVm < 40,000 < 20,000
(b) H${dVm < 50,000, g{dVm < 1,00,000 < 30,000
(c) H${dVm < 60,000, g{dVm < 90,000 < 30,000
(d) H${dVm < 60,000, g{dVm < 1,00,000 < 20,000
6. (i) EH$ H$ånZr Zo < 10 à˶oH$ Ho$ 400 A§em| H$m, {OZ na < 8 à{V A§e ¶m{MV
{H$¶m J¶m Wm, < 2
H$a {b¶m & BZ A§em| Ho$ haU na A§e ny±Or ImV
OmEJr : 1
(a) < 4,000 (b) < 800
(c) < 3,200 (d) < 2,000
AWdm
(ii) < 10 à˶oH$ Ho$ 700 A§em| H$m {OÝh| 10%
, < 5 ~§Q>Z am{e VWm
<3
{b¶m & BZ A§em| Ho$ haU na A§e haU ImVo Zr H$s OmEJr : 1
(a) < 7,000 (b) < 1,400
(c) < 4,900 (d) < 2,100

7. (i) 100 à˶oH$ Ho$ 2,000, 9% G$Un 95 à{V
G$UnÌ na {H$¶m & 9% : 1
(a) < 1,90,000 (b) < 1,10,000
(c) < 2,00,000 (d) < 10,000
AWdm
(ii) -gm H$WZ h¡ ? 1
(a) G$UnÌm| na ã¶mO EH$ à^ma h¡, {d{Z`moOZ Zht &
(b) G$UnÌm| H$mo ~Åo na {ZJ©
(c) G$UnÌYm[a¶m| H$mo dmoQ> XoZo H$m A{YH$ma Zht h¡ &
(d) G$UnÌm| H$mo A§em|
67/1/1 JJJJ Page 6

4. : 1
(a) < 40,000 (b) < 70,000
(c) < 20,000 (d) < 10,000
5. The total profits of the firm after adjustment of guaranteed amount will
be distributed between the partners as : 1
(a) Kavita < 60,000, Savita < 40,000 and Madhu < 20,000
(b) Kavita < 50,000, Savita < 1,00,000 and Madhu < 30,000
(c) Kavita < 60,000, Savita < 90,000 and Madhu < 30,000
(d) Kavita < 60,000, Savita < 1,00,000 and Madhu < 20,000

6. (i) A company forfeited 400 shares of < 10 each, < 8 per share called
up for non-payment of first call of < 2 per share. On forfeiture of
: 1
(a) < 4,000 (b) < 800
(c) < 3,200 (d) < 2,000
OR
(ii) Xyle Ltd. forfeited 700 shares of < 10 each issued at a premium of
10% for non-payment of allotment money of < 5 per share
(including premium) and first and final call of < 3 per share. On

credited with : 1
(a) < 7,000 (b) < 1,400
(c) < 4,900 (d) < 2,100
7. (i) Rohit Limited issued 2,000, 9% Debentures of < 100 each at < 95
per debenture. 9% Debentures account will be credited by : 1
(a) < 1,90,000 (b) < 1,10,000
(c) < 2,00,000 (d) < 10,000
OR
(ii) Which of the following statements is incorrect ? 1
(a) Interest on debentures is a charge and not an appropriation.
(b) Debentures can be issued at discount.
(c) Debentureholders do not have voting rights.
(d) Debentures cannot be converted into shares.

67/1/1 JJJJ Page 7 P.T.O.

8. , AmYma VWm A{dZme gmPoXma Wo VWm 3 : 2 : 1
H$aVo Wo & 1 OwbmB©, 2022 Îm hmo J¶m & A{dZme H$s
godm{Zd¥{Îm H$s {V{W na pñW{V {ddaU bm^- 1,20,000 H$m
H$m hñVmÝVaU
{H$¶m OmEJm : 1
(a) ny± - &
(b) , AmYma VWm A{dZme Ho$ ny± nwamZo bm^-{d^mOZ

(c) VWm AmYma Ho$ ny± -
(d) ny±

9. {Z{Y, Hw$Zmb VWm 2:1:2
{d^mOZ H$aVo h¢ & Hw$Zmb godm{Zd¥Îm hmo J¶m VWm g§M¶m| g§ ,
y©ë¶m§H$Z Am¡a Xo¶VmAm| Ho$ nwZ{Z©Ym©aÊm Ho$ níMmV² CgHo$ ny±Or ImVo H$m
eof < 80,000 Wm & {Z{Y Am¡a H$~ra CgHo$ Xmdo Ho$ ny < 1,00,000 H$m

^mJ Wm : 1
(a) < 4,000 (b) < 20,000
(c) < 16,000 (d) < 1,80,000

10. (A) : © n[agån{Îm h¡ &
(R) : » Ano{jV gmYmaU bm^m| Ho$ A{V[aº$ ^mdr bm^m| Ho$
yë¶ h¡ &
{ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1

(a) A{^H$WZ (A) ghr h¡, naÝVw H$maU (R) µJbV h¡ &
(b) A{^H$WZ (A) µJbV h¡, naÝVw H$maU (R) ghr h¡ &
(c) A{^H$WZ (A) VWm H$maU (R) XmoZm| ghr h¢ &
(d) A{^H$WZ (A) VWm H$maU (R) XmoZm| µJbV h¢ &

67/1/1 JJJJ Page 8

8. Aman, Aadhar and Avinash were partners and sharing profits in the
ratio of 3 : 2 : 1. Avinash retired from the firm on 1 st July, 2022. On the

of < 1,20,000 in the Profit and Loss Account. For calculating the amount
payable to Avinash, this balance will be transferred : 1
(a) To the debit side of the capital accounts of Aman and Aadhar in old
profit sharing ratio.
(b) To the debit side of the capital accounts of Aman, Aadhar and
Avinash in old profit sharing ratio.
(c) To the credit side of the capital accounts of Aman and Aadhar in
new profit sharing ratio.
(d) To the credit side of the capital accounts of Aman and Aadhar in
their gaining ratio.

9. Nidhi, Kunal and Kabir are partners in a firm sharing profits in the ratio
of 2 : 1 : 2. Kunal retired and the balance in his capital account after
making necessary adjustments on account of reserves, revaluation of
assets and reassessment of liabilities was < 80,000. Nidhi and Kabir
agreed to pay him <
share of goodwill of the firm, on his retirement was : 1
(a) < 4,000 (b) < 20,000
(c) < 16,000 (d) < 1,80,000

10. Assertion (A) : Goodwill is a intangible asset.
Reason (R) : Goodwill is the value of the reputation of a firm in respect
of profits expected in future, over and above the normal
profits. 1

Select the correct answer from the following :
(a) Assertion (A) is correct, but Reason (R) is wrong.
(b) Assertion (A) is wrong, but Reason (R) is correct.
(c) Both Assertion (A) and Reason (R) are correct.
(d) Both Assertion (A) and Reason (R) are wrong.

67/1/1 JJJJ Page 9 P.T.O.

11. H$ VWm I _| gmPoXma Wo VWm 7 : 1 Ho$ -hm{Z H$m {d^mOZ H$aVo
Wo & H$ Zo 12,000 H$s EH$ {ZpíMV am{e H$m AmhaU
{H$`m & AmhaU na 6%
na ã : 1
(a) < 1,800
H$ H$m ny±Or ImVm < 1,800
(b) AmhaU na ã < 1,800
H$ H$m Mmby ImVm < 1,800
(c) H$ H$m ny±Or < 1,800
AmhaU na ã¶mO ImVm < 1,800
(d) bm^- < 1,800
AmhaU na ã¶mO ImVm < 1,800
12. A{YH¥$V ny± {ZJ©
OmVm h¡, H$hbmVm h¡ : 1
(a) A{^XÎm ny±Or
(b) {ZJ© n±yOr
(c) A{YH¥$V ny±Or
(d) g§{MV ny±Or
13. qµO 100 à˶oH$ H$m EH$ A§e, {Ogo 20%
Wm, < 30 10
Z H$aZo na, g na Bg A§e H$mo nwZ{Z©J©{_V {H$¶m Om
gH$Vm h¡ : 1
(a) < 40 (b) < 60
(c) < 20 (d) < 100

14. 2:1
1
J¶m & AjV Zo AnZo
3
^mJ H$m 2 ^mJ A{jVm go VWm 1 ^mJ AZwamJ go {b¶m & A{jVm, AZwamJ VWm AjV
3 3
H$m Z¶m bm^-{d^mOZ AZwnmV hmoJm : 1
(a) 3:2:4 (b) 4:3:2
(c) 2:1:1 (d) 4:2:3

67/1/1 JJJJ Page 10

11. in a firm sharing profits and losses in the ratio
of 7 : < 12,000 at the beginning of each
quarter. Interest on drawings is charged @ 6% p.a. The journal entry for
charging interest on drawings at the end of the year will be : 1
(a) Interest on drawings A/c Dr. < 1,800
Capital A/c < 1,800
(b) Interest on drawings A/c Dr. < 1,800
Current A/c < 1,800
(c) < 1,800
To Interest on drawings A/c < 1,800
(d) Profit and Loss Appropriation A/c Dr. < 1,800
To Interest on drawings A/c < 1,800
12. That part of the authorised capital which is actually issued to the public
for subscription is called : 1
(a) Subscribed capital
(b) Issued capital
(c) Authorised capital
(d) Reserve capital

13. Zinki Limited forfeited a share of < 100 issued at a premium of 20% for
non-payment of first call of < 30 per share and final call of < 10 per
share. The minimum price at which this share can be reissued is : 1
(a) < 40 (b) < 60
(c) < 20 (d) < 100
14. Akshita and Anurag are partners in a firm sharing profits in the ratio of
1
2 : 1. Akshat is admitted in the firm with share in profits. Akshat
3
2 1
acquires of his share from Akshita and of his share from Anurag.
3 3
The new profit sharing ratio of Akshita, Anurag and Akshat will be : 1
(a) 3:2:4 (b) 4:3:2
(c) 2:1:1 (d) 4:2:3

67/1/1 JJJJ Page 11 P.T.O.

15. ? 1
(i) g§{X½Y G$Um| Ho$ {bE àmdYmZ
(ii) gmPoXmam| H$m G$U
(iii) gm_mÝ` g§M`
(iv) »`m{V
(a) (i) Am¡a (iv)

(b) (i), (ii) VWm (iv)

(c) (i), (iii) VWm (iv)

(d) (i), (ii) VWm (iii)

16. (i) nr, ³¶y 4:3:1 -hm{Z H$m
{d^mOZ H$aVo Wo & 1 {gVå~a, 2022
< 80,000 H$s JB© & nr Ho$ bm^ Ho$ ^mJ H$mo
: 1

(a) bm^- < 40,000 H$s IVm¡Zr H$aHo$ &
(b) bm^- < 40,000 H$s IVm¡Zr H$aHo$ &
(c) bm^-hm{Z CM§{V < 80,000 H$s IVm¡Zr H$aHo$ &
(d) bm^-hm{Z CM§{V < 40,000 H$s IVm¡Zr H$aHo$ &

AWdm
(ii) nyOm, _| gmPoXma Wo VWm 3 : 2 : 1
bm^-hm{Z H$m {d^mOZ H$aVo Wo & nyOm godm{Zd¥Îm hmo JB© Am¡a CgH$m ^mJ ZrVm VWm
A{ZVm Ûmam ~am~a-~am~a {b¶m J¶m & ZrVm VWm A{ZVm H$m Z`m bm^ {d^mOZ
AZwnmV hmoJm : 1

(a) 2:1

(b) 7:5

(c) 1:1

(d) 3:2
67/1/1 JJJJ Page 12

15. Which of the following will be transferred to Realisation Account at the
time of dissolution of firm ? 1
(i) Provision for Doubtful Debts
(ii) Partners
(iii) General Reserve
(iv) Goodwill

(a) (i) and (iv)
(b) (i), (ii) and (iv)
(c) (i), (iii) and (iv)
(d) (i), (ii) and (iii)

16. (i) P, Q and R were partners in a firm sharing profits and losses in
the ratio of 4 : 3 : 1. P died on 1st September, 2022. On the date of
s of the firm were calculated as < 80,000.
share of profit will be adjusted by : 1
(a) Debiting Profit and Loss Account with < 40,000.
(b) Debiting Profit and Loss Appropriation Account by < 40,000.
(c) Debiting Profit and Loss Suspense Account with < 80,000.
(d) Debiting Profit and Loss Suspense Account with < 40,000.

OR
(ii) Pooja, Nita and Anita were partners in a firm sharing profits and
losses in the ratio of 3 : 2 : 1. Pooja retired and her share is taken
up by Nita and Anita equally. The new profit sharing ratio of Nita
and Anita will be : 1
(a) 2:1
(b) 7:5
(c) 1:1
(d) 3:2

67/1/1 JJJJ Page 13 P.T.O.

17. , _| gmPoXma Wo VWm 5 : 3 : 2 -hm{Z H$m
{d^mOZ H$aVo Wo & 1 Aà¡b, 2022 hmo JB© y©ë¶m§H$Z, »¶m{V VWm
{ddoH$ VWm {dZmoX Ho$ ny±Or
: < 3,60,000 VWm < 1,40,000
¶h {ZU©¶ {b¶m J¶m {H$ {ddoH$ Ed§ {dZmoX H$s nyO± r H$mo CZHo$ ZE bm^-
m± bmZo AWdm Amh[aV H$aZo H$s Amdí¶H$
à{dpîQ>¶m± H$s{OE & AnZo H$m¶© H$mo ñnîQ> ê$n go Xem©BE & 3

18. AZw, , _| gmPoXma Wo VWm 2 : 1 : 2 : 1 -hm{Z
H$m {d^mOZ H$aVo Wo & CÝhm|Zo 1 Aà¡b, 2022 go bm^-hm{Z H$mo 4 : 2 : 3 : 1
{d^m{OV H$aZo H$ 1,20,000
36,000 Xem© ahm Wm &
Cn`w© m± H$s{OE & AnZo H$m¶© H$mo ñnîQ> ê$n
go Xem©BE & 3

19. (H$) Q>oS> Zo < 10 à˶oH$ Ho$ 1,00,000 A§em| H$mo 10%
& gånyU© am{e AmdoXZ na Xo¶ Wr &
3,00,000 A§em| Ho$ {bE AmdoXZ àmá hþE VWm ~moS>© Zo {ZU©¶ {b¶m {H$ g^r
A§eYm[a¶m| H$mo AmZwnm{VH$ AmYma na A§emo§ H$m Am~§Q>Z H$a {X¶m OmE &
H$m| `w©
à{dpîQ>¶m± H$s{OE & 3

AWdm
(I) emodZ 60,00,000 H$s n[agån{Îm¶m± VWm
< 10,00,000 H$s Xo¶VmE± < 45,00,000
am{e H$m ^wJVmZ < 100 à˶oH$ Ho$ 10% G$UnÌm| H$mo 25%
H$aHo$ {H$¶m OmZm Wm &
emodZ `w©
à{dpîQ>¶m± H$s{OE & 3

20. (H$) 1 Aà¡b, 2022 H$s yO
± r < 1,50,000 h¡ & {Z`mo{OV
ny±Or na à˶m¶ H$s gm_mÝ` Xa 10% 23,500 h¢ &
3

AWdm
67/1/1 JJJJ Page 14

17. Suman, Vivek and Vinod were partners in a firm sharing profits and
losses in the ratio of 5 : 3 : 2. Suman retired on 1st April, 2022. After
making all adjustments relating to revaluation, goodwill and
accumulated profits, etc., the capital accounts of Vivek and Vinod showed
credit balances of < 3,60,000 and < 1,40,000 respectively.
It was decided to adjust the capitals of Vivek and Vinod in their new
profit sharing ratio. Pass necessary journal entries for bringing in or
withdrawal of the necessary amounts. Show your working clearly. 3

18. Anu, Manu, Tanu and Kanu were partners in a firm sharing profits and
losses in the ratio of 2 : 1 : 2 : 1. They decided to share profits and losses
in the ratio of 4 : 2 : 3 : 1 with effect from 1st April, 2022. On this date,
goodwill of the firm was valued at < 1,20,000 and General Reserve
appeared in the books at < 36,000.
Pass necessary journal entries for the above transactions. Show your
workings clearly. 3

19. (a) Annex Ltd. issued 1,00,000 shares of < 10 each at a premium of
10% to the public for subscription. The whole amount was payable
on application. Applications were received for 3,00,000 shares and
the board decided to allot shares to all shareholders on pro-rata
basis.
Pass necessary journal entries for the above transactions in the
books of Annex Ltd. 3
OR
(b) Shovan Limited took over the assets of < 60,00,000 and liabilities
of < 10,00,000 from Swami Limited for an agreed purchase
consideration of < 45,00,000. The amount was payable by issuing
10% debentures of < 100 each at 25% premium.
Pass necessary journal entries for the above transactions in the
books of Shovan Limited. 3

20. (a) On 1st April, 2022, the capital of the firm of Ashu and Madhav is
< 1,50,000. The normal rate of return on capital employed is 10%.
Average profits of the firm are < 23,500. Calculate goodwill of the
firm based on three years purchase of super profits. 3
OR
67/1/1 JJJJ Page 15 P.T.O.

(I) a{jV VWm 4:1 -hm{Z H$m
{d^mOZ H$aVo h¢ & 1 Aà¡b, 2021 H$mo CZH$s ny± : < 1,20,000 VWm
< 80,000 Wt & 1 {Xgå~a, 2021
< 3,00,000 hmoJr {OgHo$ {bE CZHo$ Ûmam 2 : 1
OmEJm &
gmPoXmar g§boI Ho$ AZwgma, gmPoXmam| H$mo 6% dm{f©H$ Xa go ny±Or na ã¶mO {X¶m
OmEJm &
31 , 2022
H$s{OE & 3

21. 30,00,000 h¡ Omo < 10
{d^m{OV h¡ & H$ånZr Zo 70,000
69,000 A§em| Ho$ VWm Ho$db 3,000
A§em| na < 2 hmo
JB© & BZ A§em| H$m haU H$a {b¶m J¶m &
(H$) , 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma H$ånZr Ho$ pñW{V
A§e ny±Or H$mo Xem©BE &
(I) Bgr Ho$ {bE ImVm| Ho$ ZmoQ²>g ^r V¡¶ma H$s{OE & 4

22. gwYra, 2:2:1 -hm{Z H$m
{d^mOZ H$aVo Wo & 31 , 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2022 H$mo gwYra, XrnH$ VWm ZdrZ H$m pñW{V {ddaU

Xo`VmE± am{e n[agån{Îm`m± am{e
< <
boZXma 50,000 ^y 2,10,000
gm g§M` 1,00,000 1,90,000
G$U 1,20,000 ñQ>m°H$ 30,000
ny±Or : {Zdoe 1,70,000
gwYra $ 1,60,000 [dkmnZ CM§{V ImVm 1,20,000
XrnH$ $ 1,50,000
ZdrZ $ 1,40,000 4,50,000
7,20,000 7,20,000

67/1/1 JJJJ Page 16

(b) Rakshit and Malik are partners in a firm sharing profits and losses
in the ratio of 4 : 1. On 1st April, 2021, their capitals were
< 1,20,000 and < 80,000 respectively. On 1st December, 2021, they
decided that the total capital of the firm should be < 3,00,000 to be
contributed by them in the ratio of 2 : 1.
According to the partnership deed, interest on capital is allowed to
the partners @ 6% p.a.
Calculate interest on capital to be allowed for the year ending
31st March, 2022. 3

21. Sandesh Ltd. has an authorised capital of < 30,00,000 divided into equity
shares of < 10 each. The company invited applications for issuing 70,000
shares. Applications for 69,000 shares were received. All calls were made
and duly received except the first and final call of < 2 per share on 3,000
shares. These shares were forfeited.
(a)
per Schedule III, Part I of the Companies Act, 2013.
(b) s 4

22. Sudhir, Deepak and Naveen were partners in a firm sharing profits and
losses in the ratio of 2 : 2 : 1. On 31st March, 2022 their Balance Sheet
was as under :

Balance Sheet of Sudhir, Deepak and Naveen as at 31st March, 2022
Amount Amount
Liabilities < Assets <
Creditors 50,000 Land and Building 2,10,000
General Reserve 1,00,000 Machinery 1,90,000
Loan 1,20,000 Stock 30,000
Capitals : Investments 1,70,000
Sudhir 1,60,000 Advertisement Suspense A/c 1,20,000
Deepak 1,50,000
Naveen 1,40,000 4,50,000
7,20,000 7,20,000

67/1/1 JJJJ Page 17 P.T.O.

30 OyZ, 2022
H$m àmdYmZ Wm :
(i) \$_© H$s »`m{V H$m _yë¶m§H$Z {nN>bo Mma dfm] Ho$ Am¡gV bm^, Omo < 1,80,000
h¢, Ho$ 2 1 dfm] Ho$ H«$¶ Ho$ AmYma na {H$¶m OmEJm &
2
(ii) AWdm hm{Z ma
na H$s OmEJr & 31 , 2022 dmbo
< 4,00,000 Wr VWm 1 Aà¡b, 2022 go 30 OyZ 2022 VH$ {dH«$¶ H$s am{e
< 1,50,000 Wr & 31 , 2022 1,00,000
Wm &
(iii) ny±Or na 7% dm{f©H$ Xa go ã¶mO {X¶m OmEJm &
gwYra Ho$ {ZînmXH$m| H$mo gm¢nZo Ho$ {bE CZH$m ny±Or ImVm V¡¶ma H$s{OE & 4

23. (H$) {Z©
à{dpîQ>¶m± H$s{OE :
(i) 10 à˶oH$ Ho$ 75 A§em| H$m, {OÝh| < 4 à{V A§e
J`m Wm, < 8
Am~§Q>Z am{e H$m ^wJVmZ Z H$aZo na, haU H$a {b¶m & < 4 à{V A§e H$s
m±Jr Zht JB© Wr & haU {H$E JE A§em§o
H$mo < 15 à{V A§e nyU© àXÎm nwZ: &
(ii) Jr{VH$m { 50 à{V A§e Ho$ 1,200 A§em| H$mo, {OÝh| g_ _yë`
na {ZJ©{_V {H$`m J`m Wm, < 10 à{V A§e H$s A§{V_ `mMZm H$m ^wJVmZ
Z H$aZo na, haU H$a {b`m & BZ_| go 900 A§em| H$mo < 45 à{V A§e nyU©
àXÎm nwZ: & 6
AWdm
(I) nwîH$a {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 30,000 A§em| H$mo 20% àr{_`_ na {ZJ©{_V
H$aZo Ho$ {bE AmdoXZ Am_§{ÌV {H$E & à{V A§e am{e H$m ^wJVmZ {ZåZ àH$ma go
Xo` Wm :
AmdoXZ na < 40 (< 10 àr{_`_ g{hV)
Am~§Q>Z na < 30 (< 10 àr{_`_ g{hV)
àW_ `mMZm na < 30
{ÛVr` Ed§ A§{V_ `mMZm na eof
67/1/1 JJJJ Page 18

Sudhir died on 30 th June, 2022. The partnership deed provided for the
following, on the death of a partner :
1
(i) Goodwill of the firm was to be valued at 2 years purchase of
2
average profits of the previous four years which were < 1,80,000.
(ii)
to be calculated on the basis of sales. Sales for the year
ended 31st March, 2022 amounted to < 4,00,000 and that from
1st April, 2022 to 30th June, 2022 amounted < 1,50,000. The profit
for the year ended 31st March, 2022 was < 1,00,000.
(iii) Interest on capital was to be provided @ 7% p.a.
4

23. (a) Pass necessary journal entries for the forfeiture and reissue of
shares in the following cases :
(i) BCG Limited forfeited 75 shares of < 10 each issued at a
premium of < 4 per share for non-payment of allotment
money of < 8 per share (including premium). The first and
final call of < 4 per share was not made. The forfeited
shares were reissued at < 15 per share fully paid.
(ii) Geetika Limited forfeited 1,200 shares of < 50 each issued
at par for non-payment of final call of < 10 per share. Out
of these, 900 shares were reissued at < 45 per share fully
paid-up. 6
OR
(b) Pushkar Limited invited applications for 30,000 shares of < 100
each at 20% premium. The amount per share was payable as
under :
On application < 40 (including < 10 premium)
On allotment < 30 (including <10 premium)
On first call < 30
On second and final call Balance

67/1/1 JJJJ Page 19 P.T.O.

40,000 A§em| Ho$ {bE AmdoXZ àmßV hþE VWm 35,000 A§em| Ho$ AmdoXH$m| H$mo
AmZwnm{VH$ Am~§Q>Z H$a {X`m J`m & eof AmdoXZm| H$mo AñdrH¥$V H$a {X`m J`m &
AmdoXZ na àmßV A{V[aº$ YZam{e H$m g_m`moOZ Am~§Q>Z na Xo` am{e _| H$a {X`m
J`m &
`moJoe, {OgZo 700 A§em| Ho$ {bE AmdoXZ {H$`m Wm, Am~§Q>Z am{e H$m ^wJVmZ H$aZo
_| Ag\$b ahm Am¡a Am~§Q>Z Ho$ VwaÝV níMmV² BZ A§em| H$m haU H$a {b`m J`m &
CgHo$ ~mX àW_ `mMZm _m±Jr JB© VWm àW_ `mMZm na Xo` g^r am{e àmßV hmo
JB© & {ÛVr` Ed§ A§{V_ `mMZm Zht _m±Jr JB© &
nwîH$a {b{_Q>oS> H$s nwñVH$m| _| Cn`w©º$ boZXoZm| Ho$ {bE Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE & 6
24. (H$) `wd VWm dra EH$ \$_© _| gmPoXma Wo VWm 3 : 1 Ho$ AZwnmV _| bm^-hm{Z H$m
{d^mOZ H$aVo Wo & 31 _mM©, 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma Wm :
31 _mM©, 2022 H$mo `wd VWm dra H$m pñW{V {ddaU
am{e am{e
Xo`VmE± <
n[agån{Îm`m± <
boZXma 41,000 g§`§Ì Ed§ _erZar 60,000
gm_mÝ` g§M` 80,000 ^dZ 40,000
AXÎm ì`` 12,000 {Zdoe 60,000
ny±Or : ñQ>m°H$ 50,000
`wd 79,000 XoZXma 38,000
dra 48,000 1,27,000 KQ>m : g§{X½Y G Um| Ho$
{bE àmdYmZ 4,000 34,000
16,000
2,60,000 2,60,000

1
1 Aà¡b, 2022 H$mo CÝhm|Zo bm^m| _| ^mJ Ho$ {bE {ZåZ eVm] na `e H$mo \$_© _|
4
àdoe {X`m :
(i) `e AmZwnm{VH$ ny±Or VWm AnZo ^mJ Ho$ »`m{V àr{_`_ Ho$ < 4,000 ZJX
bmEJm &
(ii) {Zdoe H$m _yë`m§H$Z < 68,000 {H$`m J`m &
(iii) g§`§Ì Ed§ _erZar na 10% _yë`õmg bJm`m OmEJm &
nwZ_y©ë`m§H$Z ImVm VWm gmPoXmam| Ho$ ny±Or ImVo V¡`ma H$s{OE & 6
AWdm
67/1/1 JJJJ Page 20

Applications were received for 40,000 shares and pro-rata
allotment was made to the applicants for 35,000 shares, the
remaining applications being refused.
Excess application money was adjusted towards sums due on
allotment.
Yogesh, who applied for 700 shares, failed to pay the allotment
money and his shares were forfeited immediately after allotment.
First call was made thereafter and all the money due on first call
was received. The second and final call was not made.
Pass necessary journal entries for the above transactions in the
books of Pushkar Limited. 6

24. (a) Yuv and Veer were partners in a firm sharing profits and losses in
the ratio of 3 : 1. Their Balance Sheet as on 31st March, 2022 was
as under :
Balance Sheet of Yuv and Veer as at 31st March, 2022
Amount Amount
Liabilities < Assets <
Creditors 41,000 Plant and Machinery 60,000
General Reserve 80,000 Building 40,000
Outstanding Expenses 12,000 Investments 60,000
Capitals : Stock 50,000
Yuv 79,000 Debtors 38,000
Veer 48,000 1,27,000 Less : Provision for
Doubtful Debts 4,000 34,000
Cash 16,000
2,60,000 2,60,000

They decided to admit Yash in the firm on 1 st April, 2022 for
1
share in profits on the following terms :
4
(i) Yash will bring in proportionate capital and < 4,000 as his
share of goodwill premium in cash.
(ii) Investments were valued at < 68,000.
(iii) Plant and Machinery was to be depreciated by 10%.
Prepare Revaluation Accounts and Partners 6
OR

67/1/1 JJJJ Page 21 P.T.O.

(I) ao`m§e, Am`wî_mZ VWm gä`m EH$ \$_© _| gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _|
bm^-hm{Z H$m {d^mOZ H$aVo Wo & 31 _mM©, 2022 H$mo CZH$m pñW{V {ddaU {ZåZ
àH$ma Wm :
31 _mM©, 2022 H$mo ao`m§e, Am`wî_mZ VWm gä`m H$m pñW{V {ddaU

Xo`VmE± am{e n[agån{Îm`m± am{e
< <
{d{dY boZXma 2,20,000 1,60,000
gm_mÝ` g§M` 1,20,000 XoZXma 1,80,000
KQ>m : g§{X½Y G Um| Ho$
ny±Or :
{bE àmdYmZ 20,000 1,60,000
ao`m§e 6,00,000 ñQ>m°H$ 2,00,000
Am`wî_mZ 5,00,000 _erZar 6,00,000
gä`m 3,00,000 14,00,000 ^dZ 4,00,000
noQ>oÝQ²>g 1,20,000
bm^-hm{Z ImVm 1,00,000
17,40,000 17,40,000

Cn`w©º$ {V{W H$mo ao`m§e godm{Zd¥Îm hmo J`m Am¡a {ZåZ na gh_{V hþB© :
(i) ao`m§e H$s godm{Zd¥{Îm na \$_© H$s »`m{V H$m _yë`m§H$Z < 12,00,000 {H$`m
J`m &
(ii) Am`wî_mZ VWm gä`m ^{dî` _| bm^m| H$m {d^mOZ 2 : 3 Ho$ AZwnmV _|
H$a|Jo &
(iii) < 40,000 Ho$ EH$ A{b{IV boZXma H$m boIm {H$`m J`m &

(iv) < 30,000 Ho$ XoZXmam| H$mo Sy>~V G U Ho$ ê$n _| An{b{IV H$a {X`m OmEJm &

(v) ao`m§e H$mo Xo` am{e H$m hñVmÝVaU CgHo$ G U ImVo _| H$a {X`m J`m &
\$_© H$s nwñVH$m| _| Cn`w©º$ boZXoZm| Ho$ {bE Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 6

67/1/1 JJJJ Page 22

(b) Reyansh, Aayushman and Sabhya were partners in a firm sharing
profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at
31st March, 2022 was as under :

Balance Sheet of Reyansh, Aayushman and Sabhya as at 31st March, 2022

Amount Amount
Liabilities < Assets <

Sundry Creditors 2,20,000 Cash 1,60,000

General Reserve 1,20,000 Debtors 1,80,000

Less : Provision for
Capitals : Doubtful Debts 20,000 1,60,000
Reyansh 6,00,000 Stock 2,00,000
Aayushman 5,00,000
Machinery 6,00,000
Sabhya 3,00,000 14,00,000
Building 4,00,000
Patents 1,20,000
Profit and Loss A/c 1,00,000
17,40,000 17,40,000

Reyansh retired on the above date and it was agreed that :
(i) nt was valued at
< 12,00,000.
(ii) Aayushman and Sabhya will share future profits in the ratio
of 2 : 3.
(iii) An unrecorded creditor of < 40,000 will be taken into
account.
(iv) Debtors of < 30,000 will be written off as bad debts.
(v) Amount payable to Reyansh was to be transferred to his
loan amount.
Pass necessary journal entries for the above transactions in the
books of the firm. 6

67/1/1 JJJJ Page 23 P.T.O.

25. Am{Xe Am¡a lo`m§e EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ
H$aVo Wo & 31 _mM©, 2022 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma Wm :
31 _mM©, 2022 H$mo Am{Xe VWm lo`m§e H$m pñW{V {ddaU

am{e am{e
Xo`VmE± n[agån{Îm`m±
< <
boZXma 90,000 20,000
lr_Vr Am{Xe H$m G U 30,000 ñQ>m°H$ 24,000
lo`m§e H$m G U 30,000 {Zdoe 30,000
gm_mÝ` g§M` 45,000 XoZXma 20,000

ny±Or : KQ>m : g§{X½Y G Um| Ho$
{bE àmdYmZ 2,000 18,000
Am{Xe$ 1,00,000 g§`§Ì 1,00,000
lo`m§e 97,000 1,97,000 {dkmnZ CM§{V ImVm 2,00,000
3,92,000 3,92,000

31 _mM©, 2022 H$mo {ZåZ{b{IV eVm] na \$_© H$m {dKQ>Z hmo J`m :

(i) XoZXmam| go < 17,000 H$s dgybr hþB© VWm g§`§Ì H$s nwñVH$ _yë` go 10% A{YH$
na dgybr hþB© &

(ii) Am{Xe Zo lr_Vr Am{Xe Ho$ G U H$mo ^wJVmZ H$aZo H$m dmXm {H$`m VWm ñQ>m°H$ H$mo
< 20,000 _| bo {b`m &

(iii) lo`m§e Zo AmYo {Zdoe 10% Ny>Q> na bo {bE & eof {Zdoem| go < 4,500 H$s dgybr
hþB© &
(iv) boZXmam| H$m ^wJVmZ 10% Ny>Q> na H$a {X`m J`m &

(v) dgybr ì`` < 7,000 Wo &
dgybr ImVm V¡`ma H$s{OE & 6

67/1/1 JJJJ Page 24

25. Aadish and Shreyansh were partners in a firm sharing profits and losses
in the ratio of 3 : 2. On 31st March, 2022 their Balance Sheet was as
follows :

Balance Sheet of Aadish and Shreyansh as at 31st March, 2022

Amount Amount
Liabilities < Assets <
Creditors 90,000 Cash at Bank 20,000
30,000 Stock 24,000
Shreyansh Loan 30,000 Investments 30,000
General Reserve 45,000 Debtors 20,000
Less : Provision for
Capitals :
Doubtful Debts, 2,000 18,000
Aadish 1,00,000 Plant 1,00,000
Shreyansh 97,000 1,97,000 Advertisement Suspense account 2,00,000
3,92,000 3,92,000

The firm was dissolved on 31st March, 2022 on the following terms :

(i) Debtors realised < 17,000 and plant realised 10% more than the
book value.

(ii) Aadish pr
< 20,000.

(iii) Shreyansh took away half of the investments at a discount of 10%.
Remaining investments realised < 4,500.

(iv) Creditors were paid off at a discount of 10%.

(v) Expenses of realisation amounted to < 7,000.

Prepare Realisation Account. 6

67/1/1 JJJJ Page 25 P.T.O.

26. {ZåZ{b{IV boZXoZm| Ho$ {bE G UnÌm| Ho$ {ZJ©_Z go gå~pÝYV Amdí`H$ amoµOZm_Mm à{d{ï>`m±
H$s{OE : 6
(H$) JJZ {b{_Q>oS> Zo < 100 àË`oH$ Ho$ < 10,00,000, 9% G UnÌm| H$mo 5% àr{_`_
na {ZJ©{_V {H$`m {OZH$m emoYZ Mma dfm] Ho$ níMmV² g__yë` na {H$`m OmEJm &
(I) Ho$.Eg. {b{_Q>oS> Zo < 100 àË`oH$ Ho$ < 10,00,000, 10% G UnÌm| H$mo g__yë`
na {ZJ©{_V {H$`m {OZH$m emoYZ Mma dfm] Ho$ níMmV² 10% àr{_`_ na {H$`m
OmEJm &
(J) < 100 àË`oH$ Ho$ < 10,00,000, 9% G UnÌm| H$mo 10% Ny>Q>
na {ZJ©{_V {H$`m {OZH$m emoYZ nm±M dfm] Ho$ níMmV² 5% àr{_`_ na {H$`m
OmEJm &
^mJ I
{dH$ën - I
({dÎmr` {ddaUm| H$m {díbofU)
27. (i) {ZåZ{b{IV _| go H$m¡Z-gm g_rH$aU ghr h¡ : 1
(a) àMmbZ go AmJ_ H$s bmJV = àMmbZ go AmJ_ + gH$b bm^
(b) àMmbZ go AmJ_ H$s bmJV = Amapå^H$ ñQ>m°H$ ewÕ H«$` + àË`j ì``
A§{V_ ñQ>m°H$
(c) àMmbZ go AmJ_ H$s bmJV = Amapå^H$ ñQ>m°H$ + A§{V_ ñQ>m°H$
(d) àMmbZ go AmJ_ H$s bmJV = àMmbZ go AmJ_ gH$b bm^ $
AWdm
(ii) {ZåZ{b{IV _| go H$m¡Z-gm {dÎmr` {ddaUmo| Ho$ {díbofU H$m EH$ CnH$aU/VarH$m
h¡ : 1
(i)
(ii) bm^-hm{Z {ddaU $$ $
(iii) ImVm| Ho$ ZmoQ²>g $
(iv) pñW{V {ddaU
ghr {dH$ën H$m M`Z H$s{OE :
(a) (i)
(b) (i) Am¡a (ii)$$ $
(c) (ii)$ $
(d) (i), (ii) Am¡a (iv)$
67/1/1 JJJJ Page 26

26. Pass necessary journal entries for the following transactions relating to
the issue of debentures : 6
(a) Gagan Limited issued < 10,00,000, 9% Debentures of < 100 each
at a premium of 5%, redeemable at par after four years.
(b) KS Limited issued < 10,00,000, 10% Debentures of < 100 each at
par, redeemable at 10% premium after four years.
(c) QR Limited issued < 10,00,000, 9% Debentures of < 100 each at a
discount of 10%, redeemable at a premium of 5% after five years.

PART B
OPTION I
(Analysis of Financial Statements)

27. (i) Which of the following equations is correct : 1
(a) Cost of Revenue from Operations = Revenue from
Operations + Gross Profit
(b) Cost of Revenue from Operations = Opening Inventory Net
Purchases + Direct Expenses Closing Inventory
(c) Cost of Revenue from Operations = Opening Inventory +
Closing Inventory
(d) Cost of Revenue from Operations = Revenue from Operations
Gross Profit
OR
(ii) Which of the following is a tool of Analysis of Financial
Statements : 1
(i) Cash Flow Statement
(ii) Statement of Profit and Loss
(iii) Notes to Accounts
(iv) Balance Sheet
Choose the correct option :
(a) (i)
(b) (i) and (ii)
(c) (ii)
(d) (i), (ii) and (iv)

67/1/1 JJJJ Page 27 P.T.O.

28. {ZåZ{b{IV gyMZm go ñdm{_Ëd H$mof h¡ : 1
Mmby n[agån{Îm`m± < 20,00,000
µJ¡a-Mmby n[agån{Îm`m± < 40,00,000
XrK©H$mbrZ CYma < 25,00,000
ñdm{_Ëd AZwnmV 25%
(a) < 10,00,000 (b) < 14,00,000
(c) < 24,00,000 (d) < 15,00,000$

29. (i) EH$ {dÎmr` CÚ_ Ûmam ^wJVmZ {H$`m J`m bm^m§e am
{ZåZ{b{IV _| go {H$g J{V{d{Y Ho$ AÝVJ©V AmEJm : 1
(a) àMmbZ J{V{d{Y
(b) {Zdoe J{V{d{Y
(c) {dÎmr` J{V{d{Y
(d) XmoZm| (b) VWm (c)
AWdm
(ii) EH$ A{dÎmr` CÚ_ Ûmam {Zdoe na àmßV ã`mO
{ZåZ{b{IV _| go {H$g J{V{d{Y Ho$ AÝVJ©V AmEJm : 1
(a) {Zdoe J{V{d{Y
(b) {dÎmr` J{V{d{Y $ $
(c) àMmbZ J{V{d{Y $
(d) XmoZm| (b) VWm (c)
30. ~ZmVo g_` {ZåZ{b{IV _| go H$m¡Z-go boZXoZm| H$mo {dÎmr` J{V{d{Y`m|
Ho$ AÝVJ©V Xem©`m OmEJm : 1
(i) g_Vm A§em| H$m {ZJ©_Z
(ii)
(iii) G$UnÌm| H$m emoYZ
(iv) ì`mnma
ghr {dH$ën H$m M`Z H$s{OE :
(a) (i)
(b) (i) VWm (ii)$$
(c) (i) VWm (iii)$
(d) (i), (ii) VWm (iv)

67/1/1 JJJJ Page 28

28. From the follow : 1
Current Assets < 20,00,000
Non-Current Assets < 40,00,000
Long Term Borrowings < 25,00,000
Proprietary Ratio 25%
(a) < 10,00,000 (b) < 14,00,000
(c) < 24,00,000 (d) < 15,00,000

29. (i)
kind of activity from the following while preparing cash flow
statement : 1
(a) Operating Activity
(b) Investing Activity
(c) Financing Activity
(d) Both (b) and (c)
OR
(ii) on inv
activity from the following, while preparing cash flow statement of
a non-financial enterprise : 1
(a) Investing Activity
(b) Financing Activity
(c) Operating Activity
(d) Both (b) and (c)

30. Which of the following transactions are shown under financing activities
while preparing cash flow statement : 1
(i) Issue of Equity Shares
(ii) Cash Received from Debtors
(iii) Redemption of Debentures
(iv) Cash Paid Against Trade Payables
Choose the correct option :
(a) (i)
(b) (i) and (ii)
(c) (i) and (iii)
(d) (i), (ii) and (iv)
67/1/1 JJJJ Page 29 P.T.O.

31. H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma {ZåZ{b{IV _Xm| H$mo H$ånZr
Ho$ pñW{V {ddaU _| _w»` erf©H$m| VWm Cnerf©H$m| (`{X H$moB© h¡) Ho$ AÝVJ©V dJuH¥$V
H$s{OE : 3

(H$) bmBg|gg² VWm \«¢$MmBµO
(I) _m±J na G$U H$m nwZ^w©JVmZ
(J) A{O©V Am`

32. `h dh VH$ZrH$ h¡ {Og_| A§H$J{UVr` gå~ÝYm| Ho$ AZwà
nwZ:g_yhrH$aU gpå_{bV h¡ & VH$ZrH$ H$s nhMmZ H$s{OE VWm BgHo$ Xmo bm^m| H$m CëboI
H$s{OE & 3

33. (i) {ZåZ{b{IV gyMZm go gH$b bm^ AZwnmV H$s JUZm H$s{OE : 4

ñH$ÝY (ñQ>m°H$) AmdV© AZwnmV : 6 JwZm
Am¡gV ñH$ÝY (ñQ>m°H$) : < 4,00,000
_mb H$s {~H«$s bmJV na 25% bm^ na H$s JB©
AWdm
(ii) EH$ H$ånZr H$m Mmby AZwnmV 2 : 1 h¡ & H$maU XoVo hþE CëboI H$s{OE {H$
: 4

(a) < 40,000 Ho$ _mb H$m CYma H«$`

(b) < 2,000 H$s hm{Z na < 8,000 Ho$ \$ZuMa H$s {~H«$s $ $

(c) ì`mnma àmß` go < 15,000 $
(d) < 6,00,000 Ho$ g_Vm A§em| H$m {ZJ©_Z

67/1/1 JJJJ Page 30

31. Classify the following items under major heads and sub-heads (if any) in
the Balance Sheet of a company as per Schedule III, Part I of the
Companies Act, 2013 : 3

(a) Licenses and Franchise

(b) Loans Repayable on Demand

(c) Accrued Income

32.

advantages. 3

33. (i) Calculate Gross Profit Ratio from the following information : 4

Inventory Turnover Ratio : 6 times

Average Inventory : < 4,00,000

Goods are sold at a profit of 25% on cost

OR

(ii) The Current Ratio of a company is 2 : 1. State giving reasons,
which of the following transactions would improve, reduce or not
change the ratio : 4

(a) Purchased goods on credit < 40,000

(b) Sale of furniture of < 8,000 at a loss of < 2,000

(c) Cash received from trade receivables < 15,000

(d) Issued equity shares < 6,00,000

67/1/1 JJJJ Page 31 P.T.O.

34. na {XE JE àíZm| Ho$ CÎma
Xr{OE :
2011 _| Xmo `wdm ^maVr` CÚ{_`m|, d¡embr ^m{Q>`m VWm {ddoH$ ^m{Q>`m Zo EH$ Am°ZbmBZ
Am°Q>mo nmoQ>©b Amaå^ H$aZo H$m {ZU©`
Am¡a CÝhm|Zo Bg H$_r H$mo nyam H$aZo H$m Adga XoIm & CÝhm|Zo EH$ Cn`moJH$Vm© _¡ÌrnyU©
d¡~gmBQ> Ed§ _mo~mBb En H$m à`moJ {H$`m {OgHo$ Ûmam Cn`moJH$Vm©Am| Ho$ {bE AZwg§YmZ
H$aHo$ H$ma IarXZm AmgmZ hmo J`m & 2018 _| Bgo H$ma B©Or {b{_Q>oS> H$ånZr _| n[ad{V©V
H$a {X`m J`m &
31 _mM©, 2022 H$mo H$ånZr Ho$ {ZåZ{b{IV pñW{V {ddaU go àMmbZ J{V{d{Y`m|
àdmh H$s JUZm H$s{OE &
31 _mM©, 2022 H$mo H$ma B©Or {b{_Q>oS> > H$m pñW{V {ddaU

ZmoQ> 31.3.2022 31.3.2021
{ddaU
g§. < <
I g_Vm Ed§ Xo`VmE± :
1. A§eYmaH$$ H$mof
(H$) A§e ny±Or 9,00,000 3,00,000
1 75,000 3,60,000
2. µJ¡a-Mmby Xo`VmE±±
XrK©H$mbrZ CYma 2 2,40,000 1,80,000
3. Mmby Xo`VmE±
(H$) ì`mnma Xo` 18,000 60,000
(I) bKwH$mbrZ àmdYmZ 3 2,04,000 2,10,000
Hw$b 14,37,000 11,10,000
II n[agån{Îm`m± :
1. µJ¡a-Mmby n[agån{Îm`m±
ñWm`r n[agån{Îm`m± 4 10,08,000 5,76,000
2. Mmby n[agån{Îm`m±
(H$) ñQ>m°H$ 3,54,000 3,87,000
(I) 75,000 1,47,000
Hw$b 14,37,000 11,10,000

67/1/1 JJJJ Page 32

34. Read the following hypothetical text and answer the given questions on
the basis of the same.
In 2011, two young Indian entrepreneurs, Vaishali Bhatia and Vivek
Bhatia decided to start an online auto portal. At that time, there were no
major players in the market and they saw an opportunity to fill the gap.
They used a user-friendly website and mobile app which made it easy for

From the following Balance Sheet of the company as on 31st March, 2022,

31st March, 2022
Note 31.3.2022 31.3.2021
Particulars
No. < <
I Equity and Liabilities :
1.
(a) Share Capital 9,00,000 3,00,000
(b) Reserves and Surplus 1 75,000 3,60,000
2. Non-Current Liabilities
Long-term Borrowings 2 2,40,000 1,80,000
3. Current Liabilities
(a) Trade Payables 18,000 60,000
(b) Short-term Provisions 3 2,04,000 2,10,000
Total 14,37,000 11,10,000
II Assets :
1. Non-Current Assets
Fixed Assets 4 10,08,000 5,76,000
2. Current Assets
(a) Inventories 3,54,000 3,87,000
(b) Cash and Cash
Equivalents 75,000 1,47,000
Total 14,37,000 11,10,000

67/1/1 JJJJ Page 33 P.T.O.

ImVm| Ho$ ZmoQ²>g :
ZmoQ> 31.3.2022 31.3.2021
{ddaU
g§. < <
1
-hm{Z {ddaU H$m eof 75,000 3,60,000
75,000 3,60,000
2 XrK©H$mbrZ CYma
10% G UnÌ 2,40,000 1,80,000
2,40,000 1,80,000
3 bKwH$mbrZ àmdYmZ
H$a àmdYmZ 2,04,000 2,10,000
2,04,000 2,10,000
4 ñWm`r n[agån{Îm`m±
_erZar 11,52,000 6,45,000
g§{MV _yë`õmg (1,44,000) (69,000)
Hw$b 10,08,000 5,76,000

(i) 10% G$UnÌm| H$m {ZJ©_Z 31 _mM©, 2021 H$mo {H$`m J`m &
(ii) df© Ho$ Xm¡amZ < 80,000 H$a H$m ^wJVmZ {H$`m J`m & 6
^mJ I
{dH$ën - II
(A{^H${bÌ boIm§H$Z)

27. (i) H$mo{S>{µ\$Ho$eZ H$s Amdí`H$Vm hmoVr h¡ : 1
(a) Zo_mo{ZH$ H$moS²>g H$s CËn{Îm Ho$ {bE &
(b) ImVm|, à{VdoXZm|, Am{X H$mo gwa{jV aIZo Ho$ {bE &
(c) H$mo Jmo{nV aIZo (EZ{H«$ßeZ) Ho$ {bE &
(d)
AWdm
67/1/1 JJJJ Page 34

Notes to Accounts :
Note 31.3.2022 31.3.2021
No. Particulars
< <
1 Reserve and Surplus
Surplus i.e. Balance in Statement of
Profit and Loss 75,000 3,60,000
75,000 3,60,000
2 Long-term Borrowings

10% Debentures 2,40,000 1,80,000

2,40,000 1,80,000
3 Short-term Provisions

Provision for Tax 2,04,000 2,10,000

2,04,000 2,10,000
4 Fixed Assets

Machinery 11,52,000 6,45,000

Accumulated Depreciation (1,44,000) (69,000)

Total 10,08,000 5,76,000
Additional Information :
(i) 10% Debentures were issued on 31 st March, 2021.
(ii) Tax of < 80,000 was paid during the year. 6
PART B
OPTION II
(Computerised Accounting)
27. (i) The need of codification is for : 1
(a) The generation of mnemonic codes.
(b) To secure accounts, reports, etc.
(c) The encryption of data.
(d) Easy to process data, keeping proper records.
OR

67/1/1 JJJJ Page 35 P.T.O.

(ii) Ohm± boIm§H$Z boZXoZm| H$s _mÌm ~hþV H$_ hmoVr h¡ VWm AZwHy$bZ j_Vm ~hþV
A{YH$ hmoVr h¡, Cg g§JR>Z Ho$ {bE {ZåZ{b{IV _| go H$m¡Z-gm gm°âQ>do`a n¡Ho$O
Cn`wº$ hmoVm h¡ : 1
(a) {d{eï>
(b) µOê$aV Ho$ AZwgma (Q>obS>©)
(c) XmoZm| {d{eï> Ed§ Q>obS>©
(d) gm_mÝ`
28. EH$ A§H$J{UVr` A{^ì`{º$ AWdm \$bZ H$m n[aUm_ H$hbmVm h¡ : 1
(a) ì`wËnÞ/àmßV _yë`
(b) _yb^yV _yë`
(c) b§~ê$n _yë`
(d) j¡{VO _yë`
29. O~ {d{^Þ òmoVm| go g§{MV Am± H«$_{UV {H$`m OmVm h¡, Vmo dh
H$hbmVm h¡ : 1
(a) dmñV{dH$ g_` àH«$_U
(b) g_yh àH«$_U
(c)
(d)

30. (i) bmJV VWm ì``m| Ho$ ~mao _| gyMZm àmßV H$aZo Ho$ {bE boIm§H$Z gyMZm CnV§Ì Omo
, H$m Zm_ h¡ : 1
(a)
(b) ì`` boIm§H$Z CnV§Ì
(c) bmJV CnV§Ì
(d) A§{V_ ImVo CnV§Ì
AWdm
(ii) AkmV : 1
(a)
(b)
(c) gyMZ
(d)

67/1/1 JJJJ Page 36

(ii) Which of the following software packages is suitable for an
organisation where the volume of accounting transactions is very
small and adaptability is very high : 1
(a) Specific
(b) Tailored
(c) Specific and tailored both
(d) Generic

28. The outcome of an arithmetic expression or function is called : 1
(a) Derived Value
(b) Basic Value
(c) Vertical Value
(d) Horizontal Value

29. When the accumulated data from various sources is processed in one
shot, it is called : 1
(a) Real-time processing
(b) Batch processing
(c) Data validation
(d) Processing and Revalidation

30. (i) The name of accounting information sub-system which is linked
with other sub-systems for obtaining information about cost and
expenses is : 1
(a) Cash and Bank sub-system
(b) Expense Accounting sub-system
(c) Costing sub-system
(d) Final Accounts sub-system
OR
(ii) The process of comparing input data with some unknown data is
called : 1
(a) Data validation
(b) Data entry
(c) Information data
(d) Storage data
67/1/1 JJJJ Page 37 P.T.O.

31. \$m°_y©bm H$mo Zht nhMmZVm, Vmo H$m¡Z-gr Aew{Õ àH$Q> hmoVr h¡ ? BgH$mo
3

32. _r_mo dmCMa , AmJo H$s VmarI Ho$ dmCMa VWm Cn`moJH$Vm© n[a^m{fV dmCMa eãXm| H$mo
g_PmBE & 3

33. (H$) ?
CnH$aUm| H$m à`moJ {H$`m OmVm h¡ ? g_PmBE & 4

AWdm
(I) boIm§H$Z gm°âQ>do`a Ho$ AmR> Cn`moJm| H$s gyMr ~ZmBE & 4

34. EH$ {Zdoe Ho$ dV©_mZ _yë` ? BgH$s JUZm _| ghm`Vm H$aZo dmbo {dÎmr`
\$bZ H$mo g_PmBE & 6

67/1/1 JJJJ Page 38

31.
State the steps to correct it. 3

32. - -defined
Vouch 3

33. (a) What is data formatting ? What tools are used to format a given
data ? Explain. 4

OR
(b) List eight uses of accounting software. 4

34.
financial function which helps in its calculation. 6

67/1/1 JJJJ Page 39 P.T.O.