TN 12th Model Question Paper Accountacy

No. of Printed Pages : 24
1357 (NP)
!1357NPAccountancy! £vÄ Gs
Register Number

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

Põ» AÍÄ : 2.30 ©o ÷|µ® ] [ ö©õzu ©v¨ö£sPÒ : 90
Time Allowed : 2.30 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 alternatives and write
the option code and the corresponding answer.
1. Gk¨¦ «uõÚ Ámi PÈUP¨£kÁx :
(A) ö\»Â¼¸¢x
(B) Á¸©õÚzv¼¸¢x
(C) •u¼¼¸¢x
Interest on drawings is deducted from :
(a) Expense A/c
(b) Income A/c
(c) Capital A/c

[ v¸¨¦P / Turn over

1357 (NP) 2

2. •ß Tmi¨ ö£ØÓ Á¸©õÚ® C¸¨¦{ø»U SÔ¨¤ß __________ £UPzvÀ
÷uõßÖ®.

(A) ÁµÄ (B) ö£õÖ¨¦PÒ (C) ö\õzxPÒ

Income received in advance will be shown on the _________ side of the Balance Sheet.

(a) Credit (b) Liabilities (c) Assets

3. Phß ÂØ£øÚø¯ AÔ¯ EuÄ® PnUS :

(A) ö©õzuU PhÜ¢÷uõº PnUS

(B) ö£ÖuØS›¯ ©õØÖa ^mk PnUS

(C) ö©õzuU PhÚõÎPÒ PnUS

Credit sale is obtained from :

(a) Total Creditors Account

(b) Bills Receivable Account

(c) Total Debtors Account

4. E›ø©¯õÍ›ß ö£õÖ¨¦PÒ ` 85,000 AÁ¸øh¯ •uÀ ` 15,000 AÁ›ß
ö\õzxPÒ __________ BS®.

(A) ` 90,000 (B) ` 1,00,000 (C) ` 70,000

Proprietor’s Liability ` 85,000, His Capital ` 15,000 and his Assets _________.

(a) ` 90,000 (b) ` 1,00,000 (c) ` 70,000

3 1357 (NP)

5. ö£õ¸zxP.

(1) C¯UP C»õ£® (i) {ºÁõP ö\»ÄPÒ,

ÂØ£øÚ ö\»ÄPÒ

(2) ÂØÓ ö£õ¸Îß AhUPÂø» (ii) ö©õzu ÂØ£øÚ PÈUP

ÂØ£øÚz v¸¨£®

(3) C¯UP ö\»ÄPÒ (iii) ÂØ£øÚ PÈUP ö©õzu
C»õ£®

(4) {Pµ ÂØ£øÚ (iv) ö©õzu C»õ£® PÈUP
C¯UP ö\»ÄPÒ

(A) (1) - (i) (2) - (ii) (3) - (iv) (4) - (iii)

(B) (1) - (ii) (2) - (i) (3) - (iv) (4) - (iii)

(C) (1) - (iv) (2) - (iii) (3) - (i) (4) - (ii)

Match the following :

(1) Operating Profit (i) Administrative Expenses,
Selling Expenses.

(2) Cost of goods sold (ii) Total Sales less Sales Returns

(3) Operating Expenses (iii) Sales less Gross Profit

(4) Net Sales (iv) Gross Profit less Operating
Expenses

(a) (1) - (i) (2) - (ii) (3) - (iv) (4) - (iii)

(b) (1) - (ii) (2) - (i) (3) - (iv) (4) - (iii)

(c) (1) - (iv) (2) - (iii) (3) - (i) (4) - (ii)

[ v¸¨¦P / Turn over

1357 (NP) 4

6. SøÓ¢x ö\À C¸¨¦ •øÓ°À ÷u´©õÚ® :
(A) Bsk ÷uõÖ® {ø»¯õP C¸US®
(B) Bsk ÷uõÖ® SøÓ²®
(C) Bsk ÷uõÖ® AvP©õS®
Under Reducing Balance Method, Depreciation :

(a) Remains constant every year

(b) Decreases every year

(c) Increases every year

7. ` 10,000 «x BskUS 10% ÷|º÷Põmk •øÓ°À ÷u´©õÚ® }UP¨£mhõÀ,
•uÀ ‰ßÖ BskPÐUS }UP¨£k® ÷u´©õÚz öuõøP°ß ö©õzu® :
(A) ` 3,200 (B) ` 2,710 (C) ` 3,000
Total amount of depreciation provided on the Straight Line method at the rate of
10% p.a. on ` 10,000 for first three years will be :

(a) ` 3,200 (b) ` 2,710 (c) ` 3,000

8. AøÚzx ö\¯À£õmk ÂQu[PЮ __________ BPU öPõkUP¨£k®.
(A) ©h[S (B) ÂQuõa\õµ® (C) \uÃu®
All activity ratios are expressed in terms of :

(a) Times (b) Proportion (c) Percentage

9. öµõUP ÂØ£øÚ ` 1,75,000. Phß ÂØ£øÚ ` 2,25,000 GÛÀ ö©õzu ÂØ£øÚ
__________.

(A) ` 5,00,000 (B) ` 4,00,000 (C) ` 50,000
Cash sales is ` 1,75,000. Credit sales is ` 2,25,000 then Total sales will be :

(a) ` 5,00,000 (b) ` 4,00,000 (c) ` 50,000

5 1357 (NP)

10. PhÜmk £zvµ[PøÍ «mhx __________ GkzxUPõmhõS®.
(A) öµõUP¨ ö£ÖuÀPÒ
(B) öµõUP ö\¾zuÀPÒ
(C) ÷©ØTÔ¯ Cµsk® CÀø»
Redemption of debentures is an example for __________.
(a) Cash Receipts
(b) Cash Payments
(c) None of the above

11. ö\¨h®£º ©õu öuõhUP C¸¨¦ ` 1,50,00,000. A®©õuzvÀ ö©õzu öµõUP
ö£ÖuÀPÒ ` 3,00,00,000 ©ØÖ® ö©õzu ö\¾zxuÀPÒ ` 3,25,00,000 GÛÀ,
AU÷hõ£º ©õu öuõhUP C¸¨¦ __________ BS®.
(A) ` 1,25,00,000 (B) ` 1,50,00,000
(C) ` 1,45,00,000 (D) ` 1,05,00,000
The opening balance of cash in September is ` 1,50,00,000. Total receipts for the month
are ` 3,00,00,000 and total payment amounted to ` 3,25,00,000. Opening balance of
cash in October will be :
(a) ` 1,25,00,000 (b) ` 1,50,00,000
(c) ` 1,45,00,000 (d) ` 1,05,00,000

12. Tmhõsø©°À Gk¨¦ «x Ámiø¯U PnUQh ¤ß£ØÓ¨£k® •øÓ :
(A) \µõ\› C»õ£ •øÓ
(B) \µõ\› Põ» •øÓ
(C) E¯º C»õ£ •øÓ
In partnership, Interest on drawings is calculated by __________ method.
(a) Average Profit method
(b) Average Period Method
(c) Super Profit Method

[ v¸¨¦P / Turn over

1357 (NP) 6

13. Tmhõsø© {ÖÁÚzvß SÖ© GsoUøP :
(A) HÊ (B) JßÖ (C) Cµsk
The minimum number of persons in a partnership firm is __________.

(a) Seven (b) One (c) Two

14. |Øö£¯º J¸ __________ ö\õzx.
(A) |h¨¦ (B) ¦»ÚõPõ (C) ¦»ÚõS®
Goodwill is a/an __________ Asset.

(a) Current (b) Intangible (c) Tangible

15. TmhõÎ ÷\ºUøP°ß ö£õÊx, |Øö£¯º ÷uõØÖÂUP¨£køP°À £ØÖ
ö\´¯¨£k® PnUS :
(A) |Øö£¯º PnUS
(B) TmhõÎPÎß •uÀ PnUSPÒ
(C) ©Ö©v¨¥k PnUS
On admission of a partner if goodwill account is to be raised this should be debited to :

(a) Goodwill Account

(b) Partners’ Capital Account

(c) Revaluation Account

16. ¦v¯ C»õ£¨ £QºÄ ÂQuzv¼¸¢x £øǯ C»õ£¨ £[S ÂQuzøuU
PÈzuõÀ Qøh¨£x __________ ÂQu® BS®.
(A) v¯õP® (B) Buõ¯® (C) •uÀ
__________ ratio is calculated by taking out the difference between new profit sharing
ratio and old profit sharing ratio.

(a) Sacrifice (b) Gaining (c) Capital

7 1357 (NP)

17. ö£õÖ¨¦PÎß ©v¨¦ SøÓÁx __________ CÚ©õS®.
(A) C»õ£® ©ØÖ® |mh®
(B) |mh
(C) C»õ£
Decreasing the value of liability, it results in __________ item.
(a) Profit and Loss
(b) Loss
(c) Profit

18. AmhÁøn A &°ß £i AøǨ¦ {¾øÁUS PnUQh¨£k® Ámi
__________ .

(A) 6% (B) 4% (C) 5%
According to Table A, interest charged on calls in arrears is __________.
(a) 6% (b) 4% (c) 5%

19. ö£õx öÁαk __________ |õmPÐUS AvP©õP AÝ©vUP¨£kÁx
CÀø».
(A) 5 (B) 10 (C) 3
A public issue cannot be kept open for more than _________ days.
(a) 5 (b) 10 (c) 3

20. ö£¯µÍÄ •uÀ {Ö©zvß __________ SÔ¨¤h¨£mk C¸US®.
(A) Aø©¨¦ •øÓ HmiÀ
(B) uPÁ»ÔUøP°À
(C) ö\¯À•øÓ Âv°À
Nominal Capital is the capital mentioned in the __________ of the company.
(a) Memorandum of Association
(b) Prospectus
(c) Articles of Association

[ v¸¨¦P / Turn over

1357 (NP) 8

£Sv & II/PART - II

GøÁ÷¯Ý® 7 ÂÚõUPÐUS Âøh¯ÎUPÄ®. AÁØÔÀ ÂÚõ Gs 30 &US
Pmhõ¯©õP Âøh¯ÎUPÄ®. 7x2=14
Answer any seven questions in which question no. 30 is compulsory.
21. ‘A’, ‘B’ GßÓ TmhõÎPÒ ‘C’ GߣÁøµU TmhõίõP ÷\ºzxU öPõÒÍ •iÄ
ö\´uÚº. ‘C’ GߣÁº öPõsk Á¢u öµõUP® ` 1,00,000 ©ØÖ® \µUQ¸¨¦
` 50,000. ‘C’ öPõsk Á¢u öµõUP® ©ØÖ® \µUQ¸¨¤ØS SÔ¨÷£mk¨ £vÄ
u¸P.
‘A’ and ‘B’ are partners. They decided to admit ‘C’ into the firm. ‘C’ brings cash
` 1,00,000 and stock ` 50,000. Give journal entries for the cash and stock brought in
by ‘C’.

22. J¸ {ÖÁÚzvß "]Ó¢u ÷©»õsø©' GÆÁõÖ |Øö£¯›ß ©v¨ø£
E¯ºzx® Põµo¯õP Aø©QÓx ?
How does the factor, ‘Efficiency of Management’ raise the goodwill of the firm ?

23. CÖv ©v¨¦ GßÓõÀ GßÚ ?
What is residual value ?

24. »shß, AhUPÂø» ©ØÖ® ÷©»õsø© PnUPºPÎß Aø©¨¤ß £i
vmh¨£mi¯¾US C»UPn® u¸P.
According to the Institute of Cost and Management Accounts, London, define budget.

25. •ßTmi ö\¾zv¯ ö\»Ä GßÓõÀ GßÚ ?
What is Prepaid Expense ?

26. Põ¨¦ •uÀ GßÓõÀ GßÚ ?
What is Reserve Capital ?

27. ÁõµõUPhß ` 5,000 \›UPmk¨ £vÄ, ©õØÖ¨ £vÄ u¸P.
Bad debts ` 5,000. Pass adjusting entry and Transfer entry.

9 1357 (NP)

28. PhÜ¢÷uõ›ß CÖv C¸¨ø£U PõsP.
`
öuõhUP PhÜ¢÷uõº 19,000
PhÜ¢÷uõ¸US AÎzu öµõUP® 40,000
ö©õzu öPõÒ•uÀ 1,01,200
öµõUP öPõÒ•uÀ 50,000
Calculate Closing Creditors :
`
Opening Creditors 19,000
Cash paid to Creditors 40,000
Total Purchases 1,01,200
Cash Purchases 50,000

29. {ø» ö\õzx ÂØ£øÚ ÂQuzøuU PnUQkP.
`
{ø»a ö\õzxPÒ 1,00,000
÷u´©õÚ® 25,000
ÂØ£øÚ 3,00,000
Calculate Fixed Assets Turnover Ratio.
`
Fixed Assets 1,00,000
Depreciation 25,000
Sales 3,00,000

30. Â÷ÁU {Ö©zvß ÂkP¸Â°ß öuõhUP ©v¨¦ ` 1,20,000. CÖv ©v¨¦
` 80,000. GÛÀ,
(i) ÷u´©õÚz öuõøP PnUQk® •øÓ°øÚ GÊxP.
(ii) ÷u´©õÚz öuõøPø¯U PnUQkP.
Opening Value of Loose Tools of Vivek Ltd. is ` 1,20,000 and Its closing value
` 80,000 then,
(i) Name the method of Valuing Depreciation
(ii) Calculate the amount of Depreciation

[ v¸¨¦P / Turn over

1357 (NP) 10

£Sv & III /PART - III

GøÁ÷¯Ý® 7 ÂÚõUPÐUS Âøh¯ÎUPÄ®. AÁØÔÀ ÂÚõ Gs 40 &US
Pmhõ¯©õP Âøh¯ÎUPÄ®. 7x3=21
Answer any seven questions in which question no. 40 is compulsory.

31. ÷|º÷Põmk •øÓ°À ÷u´©õÚ ÂQu® PnUQkP.
{ø»a ö\õzvß AhUP Âø» ` 50,000

GÔ©v¨¦ ` 5,000

£¯ÚΨ¦ Põ»® 10 BskPÒ

Calculate the rate of Depreciation under Straight Line method.

Cost of Fixed Assets ` 50,000

Residual Value ` 5,000

Estimated life 10 years

32. ÷u´©õÚ® HØ£kÁuØPõÚ APU Põµn[PÒ ¯õøÁ ?
What are the Internal causes of Depreciation ?

33. 31.3.2014 AßøÓ¯ C¸¨£õ´Ä, ` 40,000 Põ¨¥mk •øÚ©® ö\¾zv¯uõPU
Põmi¯x.
\›UPmkuÀ :
•ß Tmi ö\¾zv¯ Põ¨¥mk •øÚ©® ` 5,000.
CÆÂÁµ® CÖvU PnUQÀ GÆÁõÖ ÷uõßÖ® GÚU PõmkP.
Trial Balance for the period ending 31.3.2014 shows ` 40,000 as Insurance Premium.

Adjustment : Prepaid Insurance Premium ` 5,000.

Show how this item will appear in the final accounts ?

11 1357 (NP)

34. RÌUPsh ÂÁµ[PøÍU öPõsk {ÖÁÚzvß C»õ£® PshÔP.
`

CÖv •uÀ 6,000

TkuÀ •uÀ 2,000

Gk¨¦ 1,200

öuõhUP •uÀ 2,700

From the following information calculate profit of a Firm.

`

Closing Capital 6,000

Additional Capital 2,000

Drawings 1,200

Opening Capital 2,700

35. µ©õ GߣÁº 1.5.2014 AßÖ ` 2,000. 31.10.2014 AßÖ ` 3,000. 30.11.2014 AßÖ
` 5,000 GkzxÒÍõº. 31.3.2015 &® |õ÷Íõk •iÁøh²® BsiØS µ©õ GßÓ
Tmhõ롧 Gk¨¦ «uõÚ Ámiø¯ BsiØS 10% PnUQkP.
Rema draws ` 2,000 on 1.5.2014, ` 3,000 on 31.10.2014, ` 5,000 on 30.11.2014.
Calculate Rema’s Interest on drawings at 10% for the year ending 31st March 2015.

36. Â÷Úõz Áøµ¯Ö {Ö©® 1.4.2006 AßÖ £[öPõßÖ ` 10 Ãu® 1,00,000
£[SPøÍ Âsn¨£zvß ö£õÊx ` 2 ö\¾zx® ÁøP°À öÁΰmhx.
{Ö©® 1,20,000 £[SPÒ ÷Ási Âsn¨£® ö£ØÓx. ªSv¯õÚ
Âsn¨£[PÒ {µõP›UP¨£mk öuõøP v¸¨£¨£mhx. ÷uøÁ¯õÚ
SÔ¨÷£mk¨ £vÄPÒ u¸P.
Vinod Company Ltd. issued shares on 1.4.2006 1,00,000 Shares at ` 10 each payable
on application ` 2. The company received application for 1,20,000 shares. The excess
applications were rejected and money refunded. Pass necessary journal entries.

[ v¸¨¦P / Turn over

1357 (NP) 12

37. µõ® {Ö©® RÌUPsh ö£õÖ¨¦PøÍU öPõskÒÍx.
`

PhÜmk £zvµ® 2,00,000

Á[QU Phß 1,00,000

\õuõµn £[S •uÀ 1,25,000

Põ¨¦PÒ 25,000

G¢u AÍÂØS {Ö©® }sh Põ»U PhøÚa \õº¢xÒÍx Gߣøu ¦Ó&AP
ö£õÖ¨¦ ‰»® PshÔP.
Ram Company Ltd. has the following Liabilities.
`
Debentures 2,00,000
Bank Loan 1,00,000
Equity Share Capital 1,25,000
Reserves 25,000
Indicate the extent to which the company depends upon long term debts for its existence
through “Debt - Equity Ratio”.

38. |Á®£º 2016 &UPõÚ öµõUP vmh £mi¯ø» u¯õ›UP.
(1) |Á®£º ©õu öuõhUP øP°¸¨¦ öµõUP® ` 7,000
(2) öµõUP ÂØ£øÚ ` 40,000
(3) |Á®£º ©õu® ö£Ó ÷Ási¯ £[Põuõ¯® ` 5,000
(4) öµõUP öPõÒ•uÀ ` 32,000
Prepare Cash Budget for the month of November 2016.
(1) Opening Cash Balance in November ` 7,000
(2) Cash Sales ` 40,000
(3) Dividend Receivable in the month of November ` 5,000
(4) Cash Purchases ` 32,000

13 1357 (NP)

39. A©¼ ©ØÖ® P©¼ GßÓ TmhõÎPÒ •øÓ÷¯ 4 : 3 GßÝ® ÂQuzvÀ
C»õ£® £Qº¢x Á¢uÚº. AÁºPÒ S•vÛ GߣÁøµa ÷\ºzu ¤ÓS ¦v¯
C»õ£ ÂQu® 7 : 4 : 3. v¯õP ÂQu® Psk¤iUP.

Amali and Kamali are partners sharing profit and loss in the ratio of 4 : 3. After they
admit Kumuthini into the firm their new profit sharing ratio is 7 : 4 : 3. Calculate
Sacrificing Ratio.

40. J¸ {ÖÁÚzvß Bsk ÷uõÖ® Gvº£õºUS® \µõ\› {Pµ C»õ£®
` 27,000. öuõȼÀ £¯ß£kzu¨£mh \µõ\› •uÀ ` 1,50,000. öuõȼÀ
÷£õh¨£mkÒÍ •uÀ «x Gvº£õºUS® Ámi 10%. TmhõÎPÎß Fv¯®
BskUS ` 4,000.

{ÖÁÚ® E¯º C»õ£zvß Cµsk Bsk öPõÒ•uÀ GßÓ Ai¨£øh°À
|Øö£¯›ß ©v¨ø£ ` 20,000 GÚ PnUQmhx.

(i) PnUQh¨£mh |Øö£¯º \›¯õ ?

(ii) CÀø»ö¯ÛÀ |Øö£¯›ß ©v¨ø£U PnUQkP.

The average net profits of the firm expected in the future is ` 27,000. The average
capital employed in the business is ` 1,50,000. The rate of interest expected from the
capital invested in the business is 10%. The remuneration of the partner is
` 4,000 p.a.

The firm calculated the value of goodwill on the basis of two years purchase of super
profits is ` 20,000.

(i) Is the calculated value of goodwill correct ?

(ii) If not, calculate the value of goodwill.

[ v¸¨¦P / Turn over

1357 (NP) 14

£Sv & IV/PART - IV
AøÚzx ÂÚõUPÐUS® Âøh¯ÎUPÄ®. 7x5=35
Answer all the questions.
41. (A) RÌUPõq® ÂÁµ[PøÍU öPõsk µõ•, ÷\õ• GßÓ TmhõÎPÎß
•uÀ PnUSPøÍ ©õÖ£k® •uÀ •øÓ°À u¯õ›UP.
ÂÁµ® µõ• ÷\õ•
` `
1.4.2006 AßøÓ¯ •uÀ 80,000 50,000
Gk¨¦PÒ 6,000 4,000
•uÀ «x Ámi 4,800 3,000
Gk¨¦ «x Ámi 150 100
C»õ£ £[S 8,000 6,000
TmhõÎPÎß Fv¯® - 2,000
PÈÄ 1,600 1,200
AÀ»x
(B) v¸. µS AÁºPÎß C¸¨£õ´øÁU öPõsk 2012 ©õºa 31 &B®
|õ÷Íõk •iÁøh²® BsiØS›¯ CÖvU PnUøPz u¯õ›UP.
C¸¨£õ´Ä
£ØÖ ÁµÄ
ÂÁµ®
` `
•uÀ 40,000
ÂØ£øÚ 25,000
öPõÒ•uÀ 15,000
\®£Í® 2,000
ÁõhøP 1,800
Gk¨¦ 5,000
C¯¢vµ® 28,000
öµõUP® 6,500
\µUQ¸¨¦ 5,200
PhÚõÎ 2,500
PhÜ¢÷uõº 1,000
66,000 66,000
\›UPmkuÀPÒ :
(1) CÖv \µUQ¸¨¦ ` 4,900
(2) öPõk£h ÷Ási¯ \®£Í® ` 300
(3) •ß Tmi ö\¾zv¯ ÁõhøP ` 200

15 1357 (NP)

(a) From the following details prepare Ramu and Somu’s Capital accounts under
Fluctuating Capital Method.
Particulars Ramu Somu
` `
Capital as on 1.4.2006 : 80,000 50,000
Drawings 6,000 4,000
Interest on Capital 4,800 3,000
Interest on Drawings 150 100
Share of Profits 8,000 6,000
Partner’s Salary - 2,000
Commission 1,600 1,200

OR
(b) From the following Trial Balance of Mr. Ragu, prepare Final account for the
year ended 31st March 2012.

Trial Balance
Debit Credit
Particulars
` `
Capital 40,000
Sales 25,000
Purchases 15,000
Salary 2,000
Rent 1,800
Drawings 5,000
Machinery 28,000
Cash 6,500
Stock 5,200
Debtors 2,500
Creditors 1,000
66,000 66,000

Adjustments :
(1) Closing Stock ` 4,900
(2) Outstanding Salary ` 300
(3) Prepaid Rent ` 200

[ v¸¨¦P / Turn over

1357 (NP) 16

42. (A) 1.4.2013 AßÖ v¸. Âá´ ` 2,62,500 •uÀ øÁzx ¯õ£õµ®
öuõh[QÚõº. RÌUPsh ÂÁµ[PøÍU öPõsk 2014 ©õºa 31 &B®
|õ÷Íõk •iÁøh²® BskUS›¯ ¯õ£õµ, C»õ£ |mhU PnUS®,
C¸¨¦ {ø»U SÔ¨¦® u¯õº ö\´P.
`

ö©õzu ÂØ£øÚ 10,50,000

ö©õzu öPõÒ•uÀ 9,27,500

T¼ 15,750

£ÀÁøPa ö\»ÄPÒ 35,000

ÂÍ®£µ® 17,500

AøÓP»ß 42,000

Á[QU Phß 52,500

Gk¨¦ 75,600

PhÚõÎPÒ (CÖv C¸¨¦) 2,62,500

PhÜ¢÷uõº ( CÖv C¸¨¦) 1,75,000

\µUQ¸¨¦ (CÖv C¸¨¦) 1,22,500

öµõUP® (CÖv C¸¨¦) 1,64,150

AÀ»x
(B) |h¨¦ ÂQu®=2 : 1
|h¨¦ ö£õÖ¨¦PÒ ` 75,000 GÛÀ
(i) |h¨¦ ö\õzxPÒ GÆÁÍÄ ?
(ii) \µUQ¸¨¦ ` 50,000, •ß Tmi ö\¾zv¯ ö\»Ä ` 5,000 BQ¯øÁ
÷©ØPsh |h¨¦ ö\õzxPÎÀ Ah[Q²ÒÍx GÚU öPõsk
}ºø© ÂQuzøuU PnUQkP.
(iii) xÀ¼¯ }ºø© ö\õzxPÒ ` 50,000
}ºø© ö£õÖ¨¦PÒ ` 25,000
GÛÀ xÀ¼¯ }ºø© ÂQuzøuU PnUQkP.

17 1357 (NP)

(a) Mr. Vijay started business on 1.4.2013 with the capital of ` 2,62,500. From the
details given below prepare Trading and Profit and Loss account and Balance
Sheet as on 31st March 2014.

`

Total Sales 10,50,000

Total Purchases 9,27,500

Wages 15,750

Miscellaneous Expenses 35,000

Advertisement 17,500

Furniture 42,000

Bank Loan 52,500

Drawings 75,600

Debtors (Closing) 2,62,500

Creditors (Closing) 1,75,000

Stock (Closing) 1,22,500

Cash (Closing) 1,64,150

OR

(b) Current Ratio=2 : 1

Current liability ` 75,000. Then

(i) What is the amount of Current Assets ?

(ii) If the above Current Assets includes Stock of ` 50,000 and Pre-paid expenses
of ` 5,000 calculate Liquid Ratio ?

(iii) Absolute Liquid Assets ` 50,000

Liquid liability ` 25,000

Calculate Absolute Liquid Ratio.

[ v¸¨¦P / Turn over

1357 (NP) 18

43. (A) Cµõ£ºm Aßm ÷Põ 1.4.2012 AßÖ ` 75,000 ©v¨¦ÒÍ C¯¢vµzøu
Áõ[Q¯x. ‰ßÖ BskPÒ £¯ß£kzv¯ ¤ÓS Ax ` 35,000 &US
ÂØP¨£mhx. Bsk ÷uõÖ® ÷u´©õÚ® 10% Ãu® ÷|º÷Põmk
•øÓ°À }UP¨£mhx. PnU÷PkPÒ Bsk ÷uõÖ® ©õºa 31 AßÖ
•iUP¨ ö£ÖQßÓÚ.

C¯¢vµ® PnUS, ÷u´©õÚ® PnUS ‰ßÖ BskPÐUSz u¯õº
ö\´P.

AÀ»x

(B) ©»º, Q¸£õ, ÷£P® GßÓ TmhõÎPÒ •øÓ÷¯ 5 : 3 : 2 GßÓ ÂQuzvÀ
C»õ£® £Qº¢x Á¢uÚº. ©»º »P •iöÁkzuõº. {ÖÁÚzvß
|Øö£¯º ` 40,000 GÚ ©v¨¤h¨£mhx.

RÌUPõs£ÚÁØÔØS SÔ¨÷£mk¨ £vÄPÒ u¸P.

(i) |Øö£¯º {ÖÁÚ HkPÎÀ CÀ»õ©¼¸¢uõÀ

(ii) HkPÎÀ |Øö£¯›ß ©v¨¦ ` 30,000 BP C¸¢uõÀ

(iii) HkPÎÀ |Øö£¯›ß ©v¨¦ ` 50,000 BP C¸¢uõÀ
(a) Robert and Co. purchased a Machinery for ` 75,000 on 1.4.2012. After having
used it for three years it was sold for ` 35,000. Depreciation is to be provided at
10% on Straight Line method. Accounts are closed on 31st March every year.

Prepare Machinery Account and Depreciation Account for three years.

OR

(b) Malar, Kiruba and Begam are partners sharing profits in the ratio of 5 : 3 : 2
Malar decided to retire. Goodwill of the firm is to be valued at ` 40,000.

Give journal entries for the following :

(i) There is no goodwill in the books of the firm

(ii) The goodwill appears at ` 30,000

(iii) The goodwill appears at ` 50,000

19 1357 (NP)

44. (A) ¤ßÁ¸ÁÚÁØøÓU öPõsk {Pµ C»õ£ ÂQu®, C¯UP C»õ£ ÂQu®,
C¯UP ÂQu® BQ¯ÁØøÓU PnUQkP.
`

ÂØ£øÚ 1,00,000

ö©õzu C»õ£® 30,000

£[Põuõ¯® ö£ØÓx 400

{Pµ C»õ£® 26,600

{ºÁõP ö\»ÄPÒ 1,000

ÂØ£øÚa ö\»ÄPÒ 2,000

•u½kPÒ ÂØÓvÀ HØ£mh |mh® 800

AÀ»x
(B) J¸ {Ö©zvß C¯US|ºPÒ •u»õÁx AøǨ¦ öuõøP ` 3 ©ØÖ®
CÖv AøǨ¦z öuõøP ` 3 ö\¾zu¨£hõu ` 10 ©v¨¦ÒÍ 100 \õuõµn
£[SPøÍ JÖ¨¤Ç¨¦ ö\´uÚº. CvÀ 40 £[SPÒ ` 300 &US ©Ö
öÁαk ö\´¯¨£mhÚ. ÷uøÁ¯õÚ SÔ¨÷£mk¨ £vÄPÒ u¸P.
(a) From the following, calculate Net Profit Ratio, Operating Profit Ratio and
Operating Ratio.
`
Sales 1,00,000
Gross Profit 30,000
Dividend Received 400
Net Profit 26,600
Administrative Expenses 1,000
Selling Expenses 2,000
Loss on Sale of Investment 800
OR
(b) The Directors of a company forfeited 100 equity shares of ` 10 each on which the
first call of ` 3 and final call of ` 3 had not been paid. Of these, 40 shares were
reissued upon payment of ` 300.
Journalise the transaction of forfeiture and reissue of shares.

[ v¸¨¦P / Turn over

1357 (NP) 20

45. (A) v¸©v. ÁÛuõ uÚx HkPøÍ JØøÓ¨ £vÄ •øÓ°À £µõ©›zx
Á¸QÓõº. 2014 ©õºa 31 &B® |õ÷Íõk •iÁøh²® BsiØS›¯
C»õ£® AÀ»x |mh® PshÔP.
1.4.2013 AßÖ AÁµx •uÀ ` 23,200.

31.3.2014 AßÖ AÁµx {ø» RÌUPshÁõÖ C¸¢ux.

`

Á[Q C¸¨¦ 4,500 (£)

öµõUP® 300

\µUQ¸¨¦ 4,000

PhÚõÎ 7,600

AøÓP»ß 30,000

PhÜ¢÷uõº 18,000

uÚx ö\õ¢u £¯ß£õmiØPõP ` 10,000 GkzxU öPõshõº. TkuÀ •uÀ
` 4,000 Cmhõº. AøÓP»ß «x 10% ÷u´©õÚ® }UP¨£h ÷Ásk®.

AÀ»x
(B) ]zµõ, ÷©P»õ GßÓ TmhõÎPÒ •øÓ÷¯ 3 : 2 GßÓ ÂQuzvÀ C»õ£®
£Qº¢x öPõÒQßÓÚº. µõuõ GßÓ ¦v¯ TmhõÎø¯ ÷\ºUP •iÄ
ö\´u ¤ÓS ¤ßÁ¸©õÖ ö\õzxPÒ ©ØÖ® ö£õÖ¨¦PøÍ ©Ö©v¨¥k
ö\´uÚº.
(i) HkPÎÀ £vÄ ö£Óõ •u½kPÒ ` 12,000 £vÄ ö\´¯ ÷Ásk®.
(ii) \µUQ¸¨¦ ©v¨ø£ ` 3,000 &®, AøÓP»ß ©v¨ø£ ` 1,000 &®,
C¯¢vµ® ©v¨ø£ ` 5,000 &® SøÓUP ÷Ásk®.
(iii) öPõk£hõ©¾ÒÍ ö£õÖ¨¦PÐUS ` 4,000 JxUS E¸ÁõUP
÷Ásk®.
©Ö©v¨¥mk PnUS u¯õ›UP.

21 1357 (NP)

(a) Mrs. Vanitha keeps her books on Single entry basis. Find out the profit or loss
made for the period 31st March 2014.

On 1.4.2013 her Capital was ` 23,200.

On 31.3.2014 her position was as under.

`

Bank Balance 4,500 (Dr)

Cash 300

Stock 4,000

Debtors 7,600

Furniture 30,000

Creditors 18,000

Mrs. Vanitha had withdrawn ` 10,000 for personal use and had introduced
additional capital ` 4,000. Depreciated furniture at 10%.

OR

(b) Chithra, Megala are partners sharing profit and loss in the ratio of 3 : 2. They
decided to admit Radha into the firm and revalue their assets and liabilities as
under.

(i) To bring into record investment of ` 12,000 which had not so far been
recorded in the books of the firm.

(ii) To depreciate stock, furniture and machinery by ` 3,000, ` 1,000 and
` 5,000 respectively.

(iii) A provision for outstanding liabilities was to be created for ` 4,000.
Prepare Revaluation Account.

[ v¸¨¦P / Turn over

1357 (NP) 22

46. (A) ¤ßÁ¸® ÂÁµ[PÎÀ C¸¢x AU÷hõ£º, |Á®£º ©õuzvØPõÚ
öµõUPz vmh¨ £mi¯ø» u¯õ›UP.
(i) AU÷hõ£º ©õuzvß öuõhUP öµõUP C¸¨¦ ` 3,000
(ii) öµõUP ÂØ£øÚ AU÷hõ£º ` 12,000 |Á®£º ` 14,000
(iii) Phß öPõÒ•uÀ ö\¨h®£º ` 10,000 AU÷hõ£º ` 12,000,
|Á®£º ` 14,000
(iv) |Á®£›À ö£Ó ÷Ási¯ £[Põuõ¯® ` 4,000
(v) AU÷hõ£›À •ßTmi ö\¾zv¯ Á¸©õÚÁ› ` 3,000
(vi) £øǯ ö\õzx JßÖ ` 12,000 &US |Á®£›À ÂØP¨£mhx
AÀ»x
(B) •¸Pß, SPß, A©»ß BQ÷¯õ›ß •uÀ 1.4.2014 AßÖ •øÓ÷¯
` 80,000; ` 60,000, ` 40,000. 30.9.2014 AßÖ SPß GߣÁº uÚx •u¼À
C¸¢x ` 8,000 GkzxU öPõshõº. 31.12.2014 AßÖ A©»ß GߣÁº
` 12,000 ÷©¾® •uÀ öPõsk Á¢uõº. 2015 ©õºa 31 &B® |õ÷Íõk
•iÁøh²® BsiØS •uÀ «x Ámi 6% PnUQkP.
(a) From the following information, prepare a cash budget for the month of October,
November.

(i) Opening cash balance in October ` 3,000

(ii) Cash sales October ` 12,000; November ` 14,000

(iii) Credit purchases September ` 10,000, October ` 12,000; November ` 14,000

(iv) Dividend to be received in November ` 4,000

(v) Advance Tax ` 3,000 payable in October

(vi) Sale of an Old Asset for ` 12,000 during November

OR

(b) Murugan, Guhan, Amalan had Capital of ` 80,000; ` 60,000; ` 40,000 respectively
on 1.4.2014. Guhan withdrew ` 8,000 from his capital on 30.9.2014. Amalan
introduced additional Capital of ` 12,000 on 31.12.2014. Calculate interest on
Capital at 6% p.a. for the year ending 31st March 2015.

23 1357 (NP)

47. (A) RÌUPsh ÂÁµ[PÎÀ C¸¢x A¨xÀ {Ö©zvß 31.3.2014 &® |õøͯ
Á¸Â¯ C¸¨¦ {ø»U SÔ¨ø£z u¯õ›UP.

A[RP›UP¨£mh £[S •uÀ ` 5,00,000.

10,000 £[SPÒ ` 10 Ãu® 10% uÒУi°À öÁΰh¨£mhx.

9,000 £[SPÒ ö£õx ©UPÍõÀ J¨£¨£mhÚ. AøÚzx £[SPЮ
ö\¾zu¨£mhÚ.

Á[Q PnUS ` 80,000 C¸¨ø£²®, £[S öÁαmk uÒУi ` 10,000
C¸¨ø£²® öPõskÒÍx.

AÀ»x

(B) 31.3.2015 AßøÓ¯ C¸¨£õ´Ä RÌUPshÁØøÓ öÁΨ£kzxQÓx.

ÂÁµ® £ØÖ ÁµÄ

` `

PhÚõÎ 50,000 -

PhÚõÎ «x uÒУi 1,000 -

ÁõµõU Phß 3,000 -

Áõµõ I¯U Phß JxUS - 5,000

PhÚõÎ «x uÒУi JxUS - 2,000

\›UPmkuÀPÒ :

(i) ÁõµõUPhß ` 1,000 ÷£õUöPÊxP.

(ii) PhÚõÎ «x 5% Áõµõ I¯U Phß JxUS E¸ÁõUPÄ®.

(iii) PhÚõÎ «x 2% uÒУi JxUS E¸ÁõUPÄ®.

CÆÂÁµ® C»õ£&|mh PnUQÀ GÆÁõÖ ÷uõßÖ® GÚU PõmkP.

[ v¸¨¦P / Turn over

1357 (NP) 24

(a) From the following information prepare Extracted Balance sheet of Abdul Ltd.
as on 31.3.2014
Authorised share capital ` 5,00,000
Issued shares of 10,000 at ` 10 each at discount of 10%
Public subscribed 9,000 shares and fully paid
Bank Balance ` 80,000
Discount on issue of shares account showed Balance of ` 10,000
OR
(b) Trial Balance as on 31.3.2015 shows the following.
Particulars Debit Credit
` `
Debtors 50,000 -
Discount on Debtors 1,000 -
Bad debts 3,000 -
Provision for Bad and - 5,000
doubtful debts
Provision for discount on - 2,000
debtors
Adjustments :
(i) Bad debts to be written off ` 1,000.
(ii) Provide 5% Provision for Bad and doubtful debts
(iii) Provide 2% Provision for discount on debtors.
Show how this item will appear in Profit and Loss account.

-oOo-