Kerala Plus Two Answer Key 2023 Accountancy with CA

SECOND YEAR

Kerala Board
Answer Key
2023

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ANSWER KEY
SECOND YEAR HIGHER SECONDARY EXAM MARCH 2023
PART III
ACCOUNTANCY WITH COMPUTERISED ACCOUNTING
CODE No: SY550
60 Scores 2Hrs
Qn Sub Scor Total
ValuePoints
No Qns e Score
PART I ACCOUNTANCY
Answer any 4 questionsfrom I to 5 ( 4 xl - 4)
I a) Current Nc 1 1
2 b) 5:4 1 1
3 c) Goodwill 1 1
4 a) Dissolution of firm 1 1
5 b) Partners capital Nc 1 1
Answer all the question from 6 to 7 (2 x 2 -4)
6 Balance bId or Bank, Interest on capital, Partners salary, Y2X 2
4
Partners Commission, Share of profit, General reserve etc
7 Anil's Capital Nc Dr. 15,000
Manoj's Capital Nc Dr. 5,000 2 2
To Sunil's Capital 20,000
Answer any 2 questions from 8 to 10 (2 x 3 - 6)
8 Interest on drawings:
a) 30,000 x 12% x 6.5/12 = 1950 1
1 3
b) 30,000 x 12 % x 6/12 = 1800 1
c) 30,000 x 12% x 5.5/12 = 1650
9 Old ratio = 7:5
Rosy's new share = 7/12 -1/24 = 13/24 1
1
Lilly's new share = 5/12 -1/8 = 7/24 3
Jhinsi's share = 1/6 = 4/24 1
New ratio = 13:7: 4 t-
~
-

10 I Basis Dissolution of Partnership. Dissolution of firm
I

Termination: Business is not terminat;d .Busines~--;;t-thefirm
any
of business
~~-~-- -- -- ---------
is dosed
-- -------- 3
Settlement Assets and liabilities Assets are sold and 3
of assets and revalued liabilities are paid- 3 xl
liabilities .~.. ~.--
off.

~.~ ~~-~- ~
Intervention No intervention by the Court has inherent
by court court. ----
power to intervene
--~---

Closure of Does not require The books of
[L__ books !
--
account are closed.
Answer all the question from 11 to 12 (2 x 4 -8)
11 Average Profit = 20,000 1
Normal Profit = 10,000
Super Profit = 20,000 -10,000 = 10,000 1
a) Goodwill = 20,000 x 2 = 40,000 1
1 4
b) Goodwill = 10,000 x 3 = 30,000
12 Manoop's Loan Account
------------ - - ----- -~--~~

Yea Particulars Amoun Year Particulars Amount
r - ---------
t ~-- ----- ---_---

1 Cash 14,800 1 Rahim's capital 40,000
Balance c/d 30,000 Interest 4,800 1
----------- - ---------- - --------- -----------

r--- ----------
44,800
-------_------
44,800 ~-----~

2 Cash 13,600 2 Balance bid 30,000 4
Balance cld ~- --
20,000
--_-----
Interest 3,600 ~-~----- 1
----
33,600~~- 33,600
------------------ --_--

3 Cash 12,400 3 Balance bid 20,000 1
, Balance cld
~----- --- ~10,000 Interest
----------
2,400
_ .._------

22,400
----_
22,400
----_-------- -~-----.-- 1
4 Cash 11,200 4 Balance bid 10,000
------- -~~ - --- ------
1,200 -----~

~
~ -
11,200 11,200
Answer all the question from 13 to 14 (2 x 5 -10)
13 ProfitCllld Loss ¥l!_l"_~!iation l\c~()lI!l!__ ~
Particulars Amount Particulars Amount
------~----- - -- -.-~--.-.-

Interest on capital Net Profit 1,82,000
Rajan 32,000 Interest on drawings
Sajan 24,000 56,000 Rajan 750
Rajan's salary 24,000 Sajan 250 1,000
sajan's commission 10,000 1x5
Partners Capital 5
Raj an 62,000
Sajan 31,000 93,000
1,83,000 1,83,000
14 a)Average Profit = 1,72,000 1
i) Ravi's share of profit = 1,72,000 x 1/ 10 x 6/12= 8,600 ~ 1

ii) Profit & Loss Suspense Alc Dr. 1
To Ravi's capital Alc

b)
Ascertainment of new profit sharing ratio and gaining ratio 5
Treatment of goodwill
Revaluation of assets and liabilities Y2x
Distribution of accumulated profits and losses 4
Ascertainment of share of profit or loss up to the date of
retirement / death
Adjustment of capital, if required
Settlement of the amounts due to retired/deceased partner
(Any 4)
Answer any 1 question from 15 to 16 (1 x 8 -8)
15 Revaluation Alc
Particulars
---------------
Amount Particulars
---------------
Amount
Provision for bad 3,000 Machinery 30,000
debt Stock 20,000 1 x3
Partners capital :3
Arlin 29,375
,-_yar1.l_I!_ _!?,-6~5 47,000 e-__
50,000 50,000
8

r----------- --- _Ra~!ler~_~ilpit~l AI~ __ _ _
_P_aI!~ulars _~_n yaruE_
~ab~_1>arti~ll_lars__ ~run Varu~_Sabu
Balance bid 120000 100000
Cash 80000 1;2 x4
Bala c/d 179375 127625 80000 Premium 30000 10000
(GW) ~2
~------
Revaluation 29375 17625
179375, 127625 80000
Sacrificing ratio = 3: 1
Balnace sheet
Liabilities
_----_._-
--------------_ .. - --- .... -.~
Amount Assets --_------------
Amount
--~--.--------.-

Crediors 40000 Cash 140000
Bills payable 20000 Debtors 57000 Y2x
iCapital : iStock 100000 6
Arun 179375 [Machinery 150000 :.3
Varun 127625
Sabu 80000 _- 387000
-------------_ .. --------- -------

447000 447000
16 -------
Realisation Account
- -------.------ ---------------

Particulars - --------------------t----------
Amount IParticulars -----------
Amount
Debtors 10000 :Creditors 10,000
Stock 8000 Bank (Assets 24,500
1;2 x
Furniture 7000 realised)
Bank (Crediors) 8000 8
~4
Bank (expense) 500
Partners capital
Amal 500 -

--- -----

Bimal 500
---------_
1,000
.. -
8
-----------
34,500 ----------
34,500
_ _partnersCapit~~cc~l!!!t
Particulars
--
Amal Bimal Particulars
_-- ------
..
Amal Bimal
Balance bid 12000 8000

Bank 12500 8500 Realisation 500 500
1 x2
--- --_--------- --------- ----------

12500 8500 12500 8500 ....
2
----------

Bank Account
. ---- ----

Particulars - ------_ .._---
Amount Particulars Amount ------

Balance bid 5000 Realisation (Crs) 8000
Realisation (asset 24500 Realisation (Expe) 500 ~x
realised) Amal's capital 12500 4
--- -----_ .._--
Bimal's capital 8500 ;:.2.
29,500
--
29,500
-- -

PART B Computerised Accounting
Answer any three question from 17 to 20 (1 x 3 -3)
17 c) Mnemonic codes 1 1
18 d) DATEVALUE 1 1
19 a) Gross pay - Total Deductions 1 1
20 d) GNUKhata 1 1
Answer the question 21 which carries 2 score
21 a) Table - Store data in a data base 1 2
b) Queries - Retrieve data from a data base 1
Any meaningfulexplanation
Answer all the question from 22 to 23 (2 x 3 c6)
22 a) Chart area- The entire area of a chart 1 3
b) Data points - The individual values plotted in a chart 1
c) Legend - An identifier of a piece of information in the chart 1
Any meaningful explanation
23 a) SLN- = SLN(Cost, Salvage, Life) 1 3
b) DB- = DB(Cost, Salvage, Life, period, Month) 1
c) PMT- = PMT(Rate, Nper, PV,FV,1YPe) 1
Answer the question 24 which carries 4 score
24 Simpleand integrated 1
Transparency and control 1 4
Accuracy and speed 1
Scalability 1
Reliability (any 4)
Answer any 1 question from 25 to 26 carries 5 score

25 a) 1
i) 410 1
ii) 26 1 5
iii) 500
b)
1
i) Number divided by zero
1
ii) Text in formula not recognised
... . - -- - ---

26 Voucher type Used to record Short cut Keys
--- -_
- - -- ... _------ - - -- - --_------ ..------ .. - --------------- ---- ------

Receipts _All l'eC!iptsof cash or ch~ue __ F4 -------------

I~~•.• Sales Cash and credit sale of goods
---------
F6 _. lx5
----- 5
Credit & Cash purchase of
Purchase F7
------------------- - -----------
goods .---_------
_ .. _. ---------_-----.-----

Journal
---------------- -r----
i\._~justmententries F9 -----------

Deposit or withdrawals of
Contra F8
cash from bank _ .... ..

Scheme Finalised by :

1.451968 SURESH BABU P ,GHSS VETTATHUR MALAPPURAM 9495763883
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2. 210538 NI1AZ H, MGHSS ,ERATIUPETTA KOTTAYAM 9446 67663 w~
3 155671 GLADISON L ,KRHSS, KOLLAM 9446108575 "C)/
4 233220 ABDHUL RASHEED P ,MSMHSS,KATHANGALP RAMBA MALAPPURAM 9495454318 ~
5 210119 MUHAMMAD MUSTHAFA M ,CHSS ,CHALAVARA PALAKKAD 9495133874 ~
6411125 SAJIN SCARIA ,SPHSS,UPPUTHARA IDUKKI 9778196937 ~_ ~. r-« L~
7 774617 TOM CHACKO ,SJBHSS,NEDUMKUNNAM KOTTAYAM,94968022 ~
8 398959 ANITHA JAMAL K ,TKMHSS KARICODE KOLLAM 9495942322
9 155246 BI1U B MKLMHSS,KANNANALLOOR KOLLAM 9745824448 ;,0
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10415221 SUMAE S SNVVHSSALOOR THRISSUR 7034609878 ~. ~.
11 593818 J110. JOHN M GVHSS THRIKKAKARAEKM 9995217632 ~ §\~../
12460716 THULASEEDHERAN P V ,SMHSS PARIYAPURAM MALAPPURAM 9846402880 ~