CBSE Class 12 Accountancy Question Paper 2019 Set 4

SET-1
Series BVM/4 H$moS> Z§.
Code No. 67/4/1
amob Z§. narjmWu H$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> 23 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 23 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

67/4/1 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$Z)
PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and
Companies)
1. ‘Ad{Y’ Ho$ AmYma na ‘àm{ßV Ed§ ^wJVmZ ImVo’ VWm ‘Am` Ed§ ì`` ImVo’ _| AÝV^}X
H$s{OE & 1
AWdm
‘OrdZ gXñ`Vm ewëH$’ H$m Š`m AW© h¡ ? 1
Differentiate between ‘Receipts and Payments Account’ and ‘Income and
Expenditure Account’ on the basis of ‘Period’.
OR
What is meant by ‘Life membership fees’ ?
2. Xod Zo àË`oH$ _hrZo Ho$ 15d| {XZ < 10,000 H$m AmhaU {H$`m & AmhaU na 12% dm{f©H$
ã`mO bJmZm h¡ & Xod Ho$ AmhaU na ã`mO H$s JUZm H$s{OE & 1
Dev withdrew < 10,000 on 15th day of every month. Interest on drawings
was to be charged @ 12% per annum. Calculate interest on Dev’s drawings.
3. H$ VWm I EH$ \$_© Ho$ gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo & J VWm K H$mo
Z`m gmPoXma ~Zm`m J`m & H$ Zo AnZo A§e H$m 1 dm± ^mJ J H$mo Ë`mJ {H$`m VWm I Zo
4
AnZo A§e H$m 50% ^mJ K H$mo Ë`mJ {H$`m & H$, I, J VWm K Ho$ ZE bm^ {d^mOZ
AZwnmV H$s JUZm H$s{OE & 1

67/4/1 2

A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and
1
D were admitted as new partners. A sacrificed th of his share in favour of
4
C and B sacrificed 50% of his share in favour of D. Calculate the new profit
sharing ratio of A, B, C and D.
4. ‘nwñVH$m| H$mo ~§X H$aZo’ Ho$ AmYma na ‘gmPoXmar Ho$ nwZJ©R>Z’ VWm ‘gmPoXmar \$_© Ho$ {dKQ>Z’
_| AÝV^}X H$s{OE & 1
AWdm
_¥Ë`w Ho$ df© _| _¥V gmPoXma Ho$ H$mZyZr à{V{Z{Y H$mo Xo` bm^ H$s am{e H$s JUZm Ho$ AmYmam|
H$m CëboI H$s{OE & 1
Distinguish between ‘Reconstitution of Partnership’ and ‘Dissolution of
Partnership Firm’ on the basis of ‘Closure of books’.
OR
State the basis of calculating the amount of profit payable to the legal
representative of a deceased partner in the year of death.
5. ‘g§nm{í©dH$ à{V^y{V Ho$ ê$n _| G$UnÌm| Ho$ {ZJ©_Z’ H$m Š`m AW© h¡ ? 1
AWdm
H$ånZr A{Y{Z`_, 2013 Ho$ AZwgma G$UnÌ emoYZ H$mof g¥OZ Ho$ {bE àmdYmZ H$m
CëboI H$s{OE & 1
What is meant by ‘Issue of Debentures as Collateral Security’ ?
OR
State the provision of the Companies Act, 2013 for the creation of
Debenture Redemption Reserve.
6. Eogo {H$Ýht Xmo AmYmam| H$m CëboI H$s{OE {OZHo$ AZwgma Ý`m`mb` gmPoXmar \$_© Ho$ {dKQ>Z
H$m AmXoe Xo gH$Vm h¡ & 1
State any two grounds on the basis of which court may order for the
dissolution of partnership firm.
7. A§em| Ho$ ‘A{Y-A{^XmZ’ H$m Š`m AW© h¡ ? A{Y-A{^XmZ H$s pñW{V _| A§em| Ho$ Am~§Q>Z Ho$
{bE CnbãY {dH$ënm| H$mo EH$ CXmhaU H$s ghm`Vm go g§jon _| g_PmBE & 3
AWdm
‘A§em| Ho$ haU’ H$m Š`m AW© h¡ ? ‘A§em| Ho$ haU na bm^’ H$~ A{O©V hmoVm h¡ VWm H$~ Bgo
ny±Or g§M` _| hñVm§V[aV {H$`m OmVm h¡ ? 3
What is meant by ‘over-subscription’ of shares ? With the help of an
example, briefly explain the alternatives available for allotment of shares
in case of over-subscription.
OR
What is meant by ‘Forfeiture of shares’ ? When does ‘gain on forfeited
shares’ arise and when is it transferred to capital reserve ?

67/4/1 3 P.T.O.

8. A_Z, {~_b VWm XrnH$ EH$ \$_© Ho$ gmPoXma h¢ VWm 2 : 3 : 5 Ho$ AZwnmV _| bm^ ~m±Q>Vo
h¢ & \$_© H$s »`m{V H$m _yë`m§H$Z < 37,500 {H$`m J`m h¡ & A_Z Zo AdH$me J«hU
{H$`m & {~_b VWm XrnH$ Zo ^{dî` _| bm^ ~am~a-~am~a ~m±Q>Zo H$m {ZU©` {b`m & A_Z
Ho$ AdH$me J«hU H$aZo na {~_b VWm XrnH$ Ho$ bm^/Ë`mJ H$s JUZm H$s{OE VWm »`m{V
H$m boIm H$aZo Ho$ {bE Amdí`H$ amoµOZm_Mm à{dpîQ> ^r H$s{OE & 3
Aman, Bimal and Deepak are partners sharing profits in the ratio
of 2 : 3 : 5. The goodwill of the firm has been valued at < 37,500. Aman
retired. Bimal and Deepak decided to share profits equally in future.
Calculate gain/sacrifice of Bimal and Deepak on Aman’s retirement and
also pass necessary journal entry for the treatment of goodwill.
9. {ZåZ{b{IV gyMZm go 31 _mM©, 2018 H$mo g_mßV df© _| h¡ßnr ñnmoQ>²©g Šb~ Ûmam àmßV A§eXmZ
H$s am{e H$s JUZm H$s{OE &
31.3.2017 31.3.2018
{ddaU < <
A{J«_ MÝXm 3,000 4,500
AXÎm MÝXm 4,500 6,000
Šb~ Ho$ 2,000 gXñ` h¢ VWm àË`oH$ gXñ` < 500 dm{f©H$ MÝXo H$m ^wJVmZ H$aVm h¡ & 3
From the following information, calculate the amount of subscriptions
received by Happy Sports Club during the year ended 31st March, 2018.
31.3.2017 31.3.2018
Particulars
< <
Advance Subscription 3,000 4,500
Outstanding Subscription 4,500 6,000
The Club has 2000 members each paying an annual subscription of < 500.
10. < 50 àË`oH$ Ho$ 7,500, 9% G$UnÌm| H$mo 6% Ho$ ~Å>o na {ZJ©{_V H$aZo, {OZH$m emoYZ 10%
Ho$ àr{_`_ na H$aZm h¡, H$s Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE VWm 9% G$UnÌ ImVm
V¡`ma H$s{OE & 3
Pass necessary journal entries and prepare 9% Debentures Account for
the issue of 7,500, 9% Debentures of < 50 each at a discount of 6%,
redeemable at a premium of 10%.
11. 31 _mM©, 2018 H$mo _§OrV, gwOrV VWm OJOrV H$s \$_© H$m {dKQ>Z hmo J`m & `h {ZU©`
{b`m J`m {H$ gwOrV {dKQ>Z gå~ÝYr J{V{d{Y`m± XoIoJm VWm Cgo n[agån{Îm`m| Ho$ ~oMZo na
àmßV _yë` H$m 10% àmßV hmoJm & gwOrV dgybr ì``m| H$mo dhZ H$aZo Ho$ {bE gh_V hmo
J`m & n[agån{Îm`m| go < 10,00,750 àmßV hþE VWm dgybr ì`` < 90,000 Wo, {OZH$m
^wJVmZ \$_© H$s ZJXr go {H$`m J`m & boZXmam| H$mo CZHo$ Xmdo Ho$ nyU© {ZnQ>mZ na
< 4,50,000 H$m ^wJVmZ {H$`m J`m & 4
Cn`w©º$ boZXoZm| Ho$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE &
67/4/1 4

The firm of Manjeet, Sujeet and Jagjeet was dissolved on 31 st March,
2018. It was agreed that Sujeet will take care of the dissolution related
activities and will get 10% of the value of assets realised. Sujeet agreed to
bear the realisation expenses. Assets realised < 10,00,750 and realisation
expenses were < 90,000, which were paid from the firm’s cash.
< 4,50,000 were paid to the creditors in full settlement of their claim.
Pass necessary journal entries for the above transactions in the books of
the firm.
12. H$ VWm I EH$ \$_© Ho$ gmPoXma Wo VWm 5 : 3 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo & 31 _mM©,
2017 H$mo CZH$s ñWm`r ny±Or Wr : H$ < 60,000, VWm I < 80,000 & do ny±Or na 12%
à{V df© ã`mO XoZo Ho$ {bE gh_V hþE & ny±Or na ã`mO XoZo go nyd© 31 _mM©, 2018 H$mo
g_mßV hþE df© Ho$ {bE \$_© H$m bm^ < 12,600 Wm &
Cn`w©º$ boZXoZm| Ho$ {bE H$ Am¡a I H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE &
gmW hr AnZr H$m`©-{Q>ßnUr H$mo ñnîQ> ê$n go Xem©BE & 4
A and B were partners in a firm sharing profits in the ratio of
5 : 3. Their fixed capitals on 31st March, 2017 were : A < 60,000 and
B < 80,000. They agreed to allow interest on capital @ 12% p.a. The
profit of the firm for the year ended 31st March, 2018 before allowing
interest on capitals was < 12,600.
Pass necessary journal entries for the above transactions in the books of
A and B. Also show your working notes clearly.
13. H$, I VWm J gmPoXma Wo VWm 2 : 2 : 1 Ho$ 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 H$, I VWm J H$m pñW{V {ddaU

Xo`VmE± am{e n[agån{Îm`m± am{e
< <
ny±Or : ~¢H$ _| amoH$‹S> 3,00,000
H$ 7,50,000 {d{dY XoZXma 1,95,000
KQ>m : Sy>~V G$Um| 5,000
I 3,00,000 1,90,000
Ho$ {bE àmdYmZ
J 2,50,000 13,00,000 ñQ>m°H$ 3,00,000
boZXma 2,00,000 ñWm`r n[agån{Îm`m± 7,10,000
15,00,000 15,00,000
Cn`w©º$ {V{W H$mo CÝhm|Zo \$_© H$m {dKQ>Z {H$`m VWm {ZåZ am{e àmßV hþB© :
ñWm`r n[agån{Îm`m± < 6,75,000; ñQ>m°H$ < 3,39,000; XoZXma < 1,35,000; boZXmam| H$mo CZHo$
Xmdo Ho$ nyU© {ZnQ>mZ hoVw < 1,85,000 H$m ^wJVmZ {H$`m J`m & dgybr ì`` < 19,000 Wo &
\$_© Ho$ {dKQ>Z na Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 6
AWdm
67/4/1 5 P.T.O.

nr, Š`y VWm Ama EH$ \$_© Ho$ gmPoXma Wo VWm 3 : 2 : 1 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 nr, Š`y VWm Ama H$m pñW{V {ddaU

Xo`VmE± am{e n[agån{Îm`m± am{e
< <
boZXma 50,000 amoH$‹S> hñVo 40,000
gm_mÝ` g§M` 60,000 ~¢oH$ _| amoH$‹S> 2,00,000
ny±Or : ñQ>m°H$ 50,000
nr 2,00,000 XoZXma 60,000
Š`y 3,00,000 ñWm`r n[agån{Îm`m± 5,60,000
Ama 3,00,000 8,00,000
9,10,000 9,10,000

Cn`w©º$ {V{W H$mo \$_© H$m nwZJ©R>Z {H$`m J`m VWm `h {ZU©` {b`m J`m {H$ :
(i) Z`m bm^ {d^mOZ AZwnmV 2 : 2 : 1 hmoJm &
(ii) < 6,000 Ho$ Sy>~V G$Um| H$mo An{b{IV {H$`m OmEJm VWm Sy>~V VWm g§{X½Y G$Um|
Ho$ {bE < 3,000 H$m àmdYmZ {H$`m OmEJm &
(iii) gmPoXmam| H$s ny±Or H$mo ZB© \$_© _| CZHo$ ZE bm^ {d^mOZ AZwnmV Ho$ AZwgma
g_m`mo{OV {H$`m OmEJm & BgHo$ {bE gmPoXmam| Ho$ Mmby ImVo Imobo OmE±Jo &
\$_© Ho$ nwZJ©R>Z na Amdí`H$ amoµOZm_Mm à{d{îQ>`m± H$s{OE & 6
A, B and C were partners sharing profits and losses in the ratio of
2 : 2 : 1. Their Balance Sheet as at 31st March, 2018 was as follows :
Balance Sheet of A, B and C as at 31st March, 2018
Amount Amount
Liabilities Assets
< <
Capitals : Cash at Bank 3,00,000
Sundry Debtors
A 7,50,000
1,95,000
Less : Provision
B 3,00,000
for Bad Debts 5,000 1,90,000
C 2,50,000 13,00,000 Stock 3,00,000
Creditors 2,00,000 Fixed Assets 7,10,000
15,00,000 15,00,000

67/4/1 6

On the above date they dissolved the firm and following amounts were
realised :
Fixed Assets < 6,75,000; Stock < 3,39,000; Debtors < 1,35,000; Creditors
were paid < 1,85,000 in full settlement of their claim. Expenses on
Realisation amounted to < 19,000.
Pass the necessary journal entries on the dissolution of the firm.

OR
P, Q and R were partners in a firm sharing profits and losses in the ratio
of 3 : 2 : 1. On 31st March, 2018 their Balance Sheet was as follows :
Balance Sheet of P, Q and R as at 31st March, 2018
Amount Amount
Liabilities Assets
< <
Creditors 50,000 Cash in Hand 40,000

General Reserve 60,000 Cash at Bank 2,00,000

Capital : Stock 50,000

P 2,00,000 Debtors 60,000

Q 3,00,000 Fixed Assets 5,60,000

R 3,00,000 8,00,000

9,10,000 9,10,000

On the above date the firm was reconstituted and it was decided that :

(i) The new profit sharing ratio will be 2 : 2 : 1.

(ii) Bad debts < 6,000 were to be written off and a provision of
< 3,000 was to be made for bad and doubtful debts.
(iii) The capital of the partners will be adjusted in the new firm in their
profit sharing ratio. For this, partners’ current accounts will be
opened.

Pass the necessary journal entries on the reconstitution of the firm.

67/4/1 7 P.T.O.

14. 31 _mM©, 2018 H$mo g_mßV hþE df© Ho$ {bE ñdÀN> ^maV Šb~, ZB© {Xëbr Ho$ {ZåZ{b{IV
àm{ßV Ed§ ^wJVmZ ImVo VWm A{V[aº$ gyMZm go Am` Ed§ ì`` ImVm VWm pñW{V {ddaU
V¡`ma H$s{OE & 6

31 _mM©, 2018 H$mo g_má hþE df© Ho$ {bE ñdÀN> ^maV Šb~ H$m àm{á Ed§ ^wJVmZ ImVm

àm{ßV`m± am{e ^wJVmZ am{e
< <
eof AmJo bmE A{^`mZ ì`` 1,30,000

amoH$‹S> 20,000 H$m`m©b` {H$am`m 40,000
~¢H$ 40,000
doVZ
60,000 10,000

MÝXm 1,80,000 \$ZuMa H$m {H$am`m 12,000
nwamZo \$ZuMa H$m {dH«$`
(nwñVH$ _yë` < 3,000) 2,000 {dkmnZ 15,000

OrdZ gXñ`Vm ewëH$ (1.8.2017 H$mo 12% à{V
30,000 2,00,000
df© ã`mO na) ñWm`r O_m
gaH$mar AZwXmZ 2,00,000 eof ZrMo bo JE
amoH$‹S> 25,000

~¢H$ 40,000
65,000

4,72,000 4,72,000

A{V[aº$ gyMZm :
1.4.2017 H$mo n[agån{Îm`m± Wt : nwñVH|$ < 50,000; H$åß`yQ>g© < 75,000 &

1.4.2017 H$mo Xo`VmE± VWm ny±Or H$mof Wo : boZXma < 60,000; ny±Or H$mof < 1,28,000 &

67/4/1 8

From the following Receipts and Payments Account and additional
information of Swachh Bharat Club, New Delhi for the year ended
31st March, 2018, prepare Income and Expenditure Account and Balance
Sheet.
Receipts and Payments Account of Swachh Bharat Club
for the year ended 31st March, 2018
Amount Amount
Receipts Payments
< <
By Campaign
To Balance b/d 1,30,000
Expenses
Cash 20,000 By Office rent 40,000
Bank 40,000 60,000 By Salary 10,000
By Furniture hire
To Subscriptions 1,80,000 12,000
rent
To Sale of old
furniture (book 2,000 By Advertisement 15,000
value < 3,000)
To Life Membership
30,000 By Fixed deposit 2,00,000
fees
(On 1.8.2017
To Government grants 2,00,000
@12%p.a.)

By Balance c/d
Cash 25,000
Bank 40,000 65,000

4,72,000 4,72,000
Additional Information :
Assets on 1.4.2017 were : Books < 50,000; Computers < 75,000.
Liabilities and Capital fund on 1.4.2017 were : Creditors < 60,000;
Capital fund < 1,28,000.
15. bm^-hm{Z {d{Z`moOZ ImVm V¡`ma H$aVo g_` H$s JB© {ZåZ MyH$ Ho$ {bE Amdí`H$
Ìw{Q>-gwYmaH$$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & AmnH$mo AnZo H$m`© H$mo ^r ñnîQ> Xem©Zm h¡ & 6
(i) H$, I VWm J gmPoXma Wo VWm bm^-hm{Z ~am~a-~am~a ~m±Q>Vo Wo & CZH$s ñWm`r ny±Or
Wr H$ < 4,00,000; I < 5,00,000 VWm J < 6,00,000 &
gmPoXmar g§boI _| àmdYmZ Wm {H$ gmPoXmam| H$mo ny±Or na 10% à{V df© ã`mO {X`m
OmEJm & BgH$s MyH$ hmo JB© &
67/4/1 9 P.T.O.

(ii) nr, Š`y VWm Ama EH$ \$_© Ho$ gmPoXma Wo VWm bm^-hm{Z 2 : 2 : 1 Ho$ AZwnmV _|
~m±Q>Vo Wo & CZHo$ gmPoXmar g§boI _| àmdYmZ Wm {H$ gmPoXmam| Ho$ AmhaU na 18%
à{V df© ã`mO bJm`m OmEJm & gmPoXmam| Ho$ AmhaU na ã`mO H«$_e: < 1,000,
< 500 VWm < 2,000 Wm & BgH$s MyH$ hmo JB© &
Pass necessary rectifying journal entries for the following omissions
committed while preparing Profit and Loss Appropriation Account. You
are also required to show your workings clearly.
(i) A, B and C were partners sharing profits and losses equally. Their
fixed capitals were A < 4,00,000; B < 5,00,000 and C < 6,00,000.
The partnership deed provided that interest on partners’ capital
will be allowed @ 10% per annum. The same was omitted.
(ii) P, Q and R were partners in a firm sharing profits and losses in
the ratio of 2 : 2 : 1. Their partnership deed provided that interest
on partners’ drawings will be charged @ 18% p.a. Interest on the
partners’ drawings was < 1,000, < 500 and < 2,000 respectively.
The same was omitted.

16. Eg {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 1,00,000 g_Vm A§em| Ho$ {ZJ©_Z Ho$ {bE AmdoXZ
Am_§{ÌV {H$E & A§em| H$mo < 5 à{V A§e Ho$ àr{_`_ na {ZJ©{_V {H$`m J`m & am{e H$m
^wJVmZ {ZåZ àH$ma go H$aZm Wm :
AmdoXZ VWm Am~§Q>Z na – < 8 à{V A§e (< 3 àr{_`_ g{hV)
àW_ Ed§ ApÝV_ `mMZm na – àr{_`_ g{hV eof
1,50,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & 10,000 A§em| Ho$ {bE AmdoXZm| H$mo aÔ H$a
{X`m J`m VWm eof AmdXoH$m| H$mo {ZåZ AmYma na A§em| H$m Am~§Q>Z {H$`m J`m :
(I) 80,000 A§em| Ho$ AmdoXH$m| H$mo 60,000 A§em| H$m Am~§Q>Z, VWm
(II) 60,000 A§em| Ho$ AmdoXH$m| H$mo 40,000 A§em| H$m Am~§Q>Z
AmdoXZ VWm Am~§Q>Z na àmßV A{V[aº$ am{e H$m g_m`moOZ _m±J na Xo` am{e _| H$a {b`m
J`m & EŠg, Omo I loUr go gå~pÝYV Wm VWm {Ogo 300 A§em| H$m Am~§Q>Z {H$`m J`m Wm,
àW_ VWm A§{V_ `mMZm am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & dmB© ^r, Omo II loUr go
gå~pÝYV Wm VWm {Ogo 200 A§em| H$m Am~§Q>Z {H$`m J`m Wm, àW_ VWm ApÝV_ `mMZm
am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & CZHo$ A§em| H$m haU H$a {b`m J`m & haU {H$E
JE A§e < 12 à{V A§e nyU© àXÎm nwZ:{ZJ©{_V H$a {XE JE &
Cn`w©º$ boZXoZm| Ho$ {bE H$ånZr H$s nwñVH$m| _| Amdí`H$ amoH$‹S> ~hr Ed§ amoµOZm_Mm
à{dpîQ>`m± H$s{OE & 8
AWdm
67/4/1 10

O¡Z {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 1,12,000 g_Vm A§em| H$mo g__yë` na {ZJ©{_V H$aZo Ho$
{bE AmdoXZ Am_§{ÌV {H$E & à{V A§e am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm :
AmdoXZ na – <1
Am~§Q>Z na – <2
àW_ `mMZm na – <3
Xygar VWm A§{V_ `mMZm na – < 4
1,00,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & g^r AmdoXH$m| H$mo nyU© ê$n go A§em| H$m
Am~§Q>Z H$a {X`m J`m & a_oe Zo < 2,000 H$s AnZr Am~§Q>Z am{e H$m ^wJVmZ Zht
{H$`m & CgHo$ A§em| H$m VwaÝV haU H$a {b`m J`m & gwaoe Zo AnZo Amdo{XV 500 A§em| na
àW_ `mMZm am{e H$m ^wJVmZ Zht {H$`m & àW_ `mMZm Ho$ níMmV² CgHo$ A§em| H$m haU
H$a {b`m J`m & a_oe VWm gwaoe Ho$ haU {H$E JE A§em| H$m < 9 à{V A§e nyU© àXÎm
nwZ:{ZJ©_Z H$a {X`m J`m & BgHo$ níMmV² Xÿgar VWm ApÝV_ `mMZm _m±Jr JB© VWm àmßV hmo
JB© &
O¡Z {b{_Q>oS> H$s nwñVH$m| _| Cn`w©º$ boZXoZm§o Ho$ {bE Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 8
S Ltd. invited applications for issuing 1,00,000 equity shares of
< 10 each. The shares were issued at a premium of < 5 per share. The
amount was payable as follows :
On Application and Allotment – < 8 per share (including
premium < 3)
On the First and Final call – Balance including premium
Applications for 1,50,000 shares were received. Applications for 10,000
shares were rejected and pro-rata allotment was made to the remaining
applicants on the following basis :
(I) Applicants for 80,000 shares were allotted 60,000 shares, and
(II) Applicants for 60,000 shares were allotted 40,000 shares.
Excess amount received on application and allotment was to be adjusted
against sums due on call. X, who belonged to the first category and was
allotted 300 shares, failed to pay the first and final call money. Y, who
belonged to the second category and was allotted 200 shares, also failed
to pay the first and final call money. Their shares were forfeited. The
forfeited shares were reissued @ < 12 per share as fully paid-up.
Pass necessary cash book and journal entries for the above transactions
in the books of the company.
OR
67/4/1 11 P.T.O.

Jain Ltd. invited applications for issuing 1,12,000 equity shares of < 10
each at par. The amount per share was payable as follows :
On Application – <1
On Allotment – <2
On First call – <3
On Second and Final call – <4
Applications for 1,00,000 shares were received. Shares were fully allotted
to all the applicants. Ramesh failed to pay his allotment money which
was < 2,000. His shares were forfeited immediately. Suresh did not pay
the first call on 500 shares applied by him. His shares were forfeited after
the first call. The forfeited shares of Ramesh and Suresh were re-issued
at < 9 per share fully paid up. Afterwards the second and final call was
made and was duly received.
Pass necessary journal entries for the above transactions in the books of
Jain Ltd.
17. H$ VWm I EH$ \$_© Ho$ 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 H$ VWm I H$m pñW{V {ddaU
am{e am{e
Xo`VmE± < n[agån{Îm`m± <
ny±Or : amoH$‹S> 8,000
H$ 1,04,000 {d{dY XoZXma 37,600
I 52,000 KQ>m : g§{X½Y
1,56,000 G$Um| Ho$ {bE
àmdYmZ 1,600 36,000
boZXma 1,54,000 ñQ>m°H$ 60,000
H$_©Mmar ^{dî` {Z{Y H$mof 16,000 nyd©XÎm ~r_m 6,000
H$m_Jma j{Vny{V© H$mof 10,000 ßbm§Q> VWm _erZar 76,000
AmH$pñ_H$ g§M` 10,000 ^dZ 1,40,000
\$ZuMa 20,000
3,46,000 3,46,000
J H$mo EH$ ZE gmPoXma Ho$ ê$n _| àdoe {X`m J`m VWm dh < 64,000 AnZr ny±Or Ho$ {bE
VWm < 15,000 AnZo ^mJ H$s »`m{V àr{_`_ Ho$ {bE bm`m & Z`m bm^ {d^mOZ AZwnmV
5 : 3 : 2 Wm &

67/4/1 12

J Ho$ àdoe na {ZåZ na gh_{V hþB© :
(i) ñQ>m°H$ na 5% _yë`õmg bJm`m OmEJm &
(ii) g§{X½Y G$Um| Ho$ {bE àmdYmZ < 2,000 {H$`m OmEJm &
(iii) \$ZuMa na 10% _yë`õmg bJm`m OmEJm &
(iv) ^dZ H$m _yë`m§H$Z < 1,60,000 {H$`m J`m &
(v) H$ VWm I H$s ny±Or H$m g_m`moOZ J H$s ny±Or Ho$ AmYma na pñW{V AZw gma ZJX
bmH$a AWdm ^wJVmZ H$aHo$ {H$`m OmEJm &
nwZJ©{R>V \$_© H$m nwZ_y©ë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm pñW{V {ddaU V¡`ma
H$s{OE & 8
AWdm
Or, B© VWm E\$ EH$ \$_© Ho$ gmPoXma Wo VWm 7 : 2 : 1 Ho$ AZwnmV _| bm^ ~m±Q>Vo Wo &
31 _mM©, 2018 H$mo \$_© H$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2018 H$mo Or, B© VWm E\$ H$m pñW{V {ddaU
am{e am{e
Xo`VmE± < n[agån{Îm`m± <
n±yOr : amoH$‹S> 90,000
Or 1,40,000 {d{dY XoZXma 24,000
B© 40,000 ñQ>m°H$ 14,000
E\$ 20,000 2,00,000 _erZar 80,000
boZXma 28,000 ^y{_ VWm ^dZ 1,20,000
gm_mÝ` g§M` 40,000
B© go G$U 60,000
3,28,000 3,28,000
Cn`w©º$ {V{W H$mo B© Zo AdH$me J«hU {H$`m & B© Ho$ AdH$me J«hU H$aZo na {ZåZ na gh_{V hþB© :
(i) ^y{_ VWm ^dZ H$m < 1,88,000, _erZar H$m < 76,000 VWm ñQ>m°H$ H$m < 10,000
na nwZ_©yë`m§H$Z {H$`m J`m VWm \$_© H$s »`m{V H$m _yë`m§H$Z < 90,000 {H$`m J`m &
(ii) g§{X½Y G$Um| Ho$ {bE XoZXmam| na 2.5% H$m àmdYmZ H$aZm Wm &
(iii) B© H$mo Xo` ewÕ am{e H$mo CgHo$ G$U ImVo _| hñVmÝV[aV {H$`m J`m {OgH$m ^wJVmZ
~mX _| {H$`m OmEJm &
(iv) ZB© \$_© H$s Hw$b ny±Or < 2,40,000 {Z`V H$s JB© {OgH$m g_m`moOZ Mmby ImVo
ImobH$a CZHo$ ZE bm^ {d^mOZ AZwnmV Ho$ AZwgma {H$`m OmEJm &
nwZJ©{R>V \$_© H$m nwZ_©yë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm pñW{V {ddaU V¡`ma
H$s{OE & 8
67/4/1 13 P.T.O.

A and B were partners sharing profits and losses in the ratio of 3 : 2.
Their Balance Sheet as at 31st March, 2018, was as follows :
Balance Sheet of A and B as at 31st March, 2018
Amount Amount
Liabilities < Assets <
Capital : Cash 8,000

A 1,04,000 Sundry Debtors 37,600
B 52,000 Less : Provision for
1,56,000
doubtful debts 1,600 36,000
Creditors 1,54,000 Stock 60,000
Employees’ Provident
Fund 16,000 Prepaid Insurance 6,000

Workmen
Compensation Fund 10,000 Plant and Machinery 76,000

Contingency Reserve 10,000 Building 1,40,000

Furniture 20,000

3,46,000 3,46,000

C was admitted as a new partner and brought < 64,000 as capital and
< 15,000 for his share of goodwill premium. The new profit sharing ratio
was 5 : 3 : 2.
On C’s admission the following was agreed upon :
(i) Stock was to be depreciated by 5%.
(ii) Provision for doubtful debts was to be made at < 2,000.
(iii) Furniture was to be depreciated by 10%.
(iv) Building was valued at < 1,60,000.
(v) Capitals of A and B were to be adjusted on the basis of C’s capital
by bringing or paying of cash as the case may be.
Prepare Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of reconstituted firm.
OR

67/4/1 14

G, E and F were partners in a firm sharing profits in the ratio of 7 : 2 : 1.
The Balance Sheet of the firm as at 31st March, 2018, was as follows :

Balance Sheet of G, E and F as at 31st March, 2018

Amount Amount
Liabilities < Assets <
Capital : Cash 90,000

G 1,40,000 Sundry Debtors 24,000

E 40,000 Stock 14,000

F 20,000 2,00,000 Machinery 80,000

Creditors 28,000 Land and Building 1,20,000

General Reserve 40,000

Loan from E 60,000

3,28,000 3,28,000

E retired on the above date. On E’s retirement the following was agreed
upon :
(i) Land and Building were revalued at < 1,88,000, Machinery at
< 76,000 and Stock at < 10,000 and goodwill of the firm was
valued at < 90,000.
(ii) A provision of 2·5% was to be created on debtors for doubtful debts.
(iii) The net amount payable to E was transferred to his loan account to
be paid later on.
(iv) Total capital of the new firm was fixed at < 2,40,000 which will be
adjusted according to their new profit sharing ratio by opening
current accounts.
Prepare Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of reconstituted firm.

67/4/1 15 P.T.O.

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

18. ‘bm^m§e H$s àm{ßV’ H$mo H$~ àMmbZ J{V{d{Y Ho$ AÝVJ©V dJuH¥$V {H$`m Om gH$Vm h¡ ?
CëboI H$s{OE & gmW hr AnZo CÎma Ho$ g_W©Z _| H$maU Xr{OE & 1
When can ‘Receipt of Dividend’ be classified as an operating activity ?
State. Also give reason in support of your answer.

19. ‘amoH$‹S> àdmh {ddaU’ go Š`m AW© h¡ ? 1
What is meant by ‘Cash Flow Statement’ ?

20. H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma {ZåZ _Xm| H$mo {H$Z _w»`
erf©H$m| d Cnerf©H$m| Ho$ AÝVJ©V Xem©`m OmEJm ? 4
(i) M¡Šg Ed§ ~¢H$ S´>mâQ> hñVo
(ii) Iwbo Am¡µOma
(iii) à{V^y{V àr{_`_ g§M`
(iv) N>: _hrZo go H$_ H$s n[anŠdVm Ad{Y Ho$ {bE XrK©H$mbrZ {d{Z`moJ
(v) H$m`© àJ{V na
(vi) IXmZ A{YH$ma
(vii) àH$meZ erf©H$
(viii) XoZXma
AWdm
{dÎmr` {díbofU Ho$ _hÎd H$mo (i) H$_©Mmar `y{Z`Zm|, VWm (ii) boZXmam| Ho$ {bE g_PmBE & 4
Under which major heads and sub-heads will the following items be placed
in the Balance Sheet of the company as per Schedule III, Part I of the
Companies Act, 2013 ?
(i) Cheques and Bank Drafts in Hand
(ii) Loose tools
67/4/1 16

(iii) Securities Premium Reserve
(iv) Long-Term Investments with maturity period less than six months
(v) Work-in-Progress
(vi) Mining Rights
(vii) Publishing titles
(viii) Debtors
OR

Explain the importance of financial analysis for (i) labour unions, and
(ii) creditors.

21. {ZåZ{b{IV gyMZm H$s ghm`Vm go {~Hw$b {b{_Q>oS> H$m VwbZmË_H$ Am`-{ddaU V¡`ma
H$s{OE : 4

2016 − 17 2017 − 18
{ddaU < <
àMmbZm| go AmJ_ 10,00,000 16,00,000

Cn^moJ H$s JB© gm_J«r H$s bmJV 5,00,000 10,00,000

H$_©Mmar {hVbm^ ì`` 80,000 40,000

AÝ` AàË`j ì`` 60,000 80,000

Am`H$a Xa 40%.
Prepare a Comparative Income Statement of Bikul Ltd. with the help of
the following information :
2016 − 17 2017 − 18
Particulars
< <
Revenue from operations 10,00,000 16,00,000

Cost of materials consumed 5,00,000 10,00,000

Employee benefit expenses 80,000 40,000

Other indirect expenses 60,000 80,000

Income Tax Rate 40%.
67/4/1 17 P.T.O.

22. EH$ H$ånZr H$m àMmbZ AZwnmV 80% h¡ & ~VmBE {H$ {ZåZ boZXoZm| _| `h AZwnmV ~‹T>oJm,
KQ>oJm AWdm AZwnmV _| H$moB© n[adV©Z Zht AmEJm : 4
(i) CYma na _mb H$m H«$` < 20,000
(ii) _µOXÿar H$m ^wJVmZ < 5,000
(iii) < 8,000, 9% G$UnÌm| H$m emoYZ
(iv) < 50,000 ZJX _| _mb H$m {dH«$`
AWdm
{edm {b{_Q>oS> H$s {ZåZ{b{IV gyMZm go Hw$b n[agån{Îm`m| na G$U AZwnmV H$s JUZm
H$s{OE : 4
g_Vm A§e ny±Or – < 5,00,000
9% nydm©{YH$ma A§e ny±Or – < 4,00,000
ñWm`r n[agån{Îm`m± – < 12,00,000
AMb {d{Z`moJ – < 1,50,000
g§M` Ed§ Am{YŠ` – < 2,40,000
Mmby n[agån{Îm`m± – < 1,90,000
Mmby Xo`VmE± – < 1,00,000
The operating ratio of a company is 80%. State whether the following
transactions will increase, decrease or not change the ratio :
(i) Purchased goods on credit < 20,000
(ii) Paid wages < 5,000
(iii) Redeemed < 8,000, 9% debentures
(iv) Sold goods < 50,000 for cash
OR
From the following information of Shiva Ltd., calculate total assets to
debt ratio :
Equity Share Capital – < 5,00,000
9% Preference Share Capital – < 4,00,000
Fixed Assets – < 12,00,000
Non-Current Investments – < 1,50,000
Reserves and Surplus – < 2,40,000
Current Assets – < 1,90,000
Current Liabilities – < 1,00,000
67/4/1 18

23. 31 _mM©, 2017 H$mo Ama.E_. {b{_Q>oS> Ho$ {ZåZ{b{IV pñW{V {ddaU go EH$ amoH$‹S> àdmh
{ddaU V¡`ma H$s{OE : 6
Ama.E_. {b{_Q>oS>
31 _mM©, 2017 H$mo pñW{V {ddaU

ZmoQ> 31.3.2017 31.3.2016
{ddaU g§. < <
I – g_Vm Ed§ Xo`VmE± :
1. A§eYmar$ {Z{Y`m± :

(A) A§e ny±Or 15,00,000 10,00,000
(~) g§M` Ed§ Am{YŠ` (bm^-hm{Z {ddaU H$m eof) 7,50,000 6,00,000
2. AMb Xo`VmE± :
XrK©H$mbrZ G$U 1 1,00,000 2,00,000
3. Mmby Xo`VmE± :
(A) ì`mnma Xo` 1,00,000 1,10,000
(~) Aënmd{Y àmdYmZ 2 95,000 80,000
Hw$b 25,45,000 19,90,000

II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± :
(A) ñWm`r n[agån{Îm`m± :
(i) _yV© n[agån{Îm`m± 3 10,10,000 9,00,000
(ii) A_yV© n[agån{Îm`m± 4 2,80,000 2,00,000
(~) AMb-{d{Z`moJ 5,00,000 —
2. Mmby n[agån{Îm`m± :
(A) _mb-gyMr 1,80,000 1,00,000
(~) ì`mnma àmß` 2,00,000 1,50,000
(g) amoH$‹S> Ed§ amoH$‹S> Vwë` 5 3,75,000 6,40,000
Hw$b 25,45,000 19,90,000

67/4/1 19 P.T.O.

ImVm| Ho$ ZmoQ²>g :

ZmoQ> 31.3.2017 31.3.2016
{ddaU
g§. < <
1. XrK©H$mbrZ G$U :
9% G$UnÌ 1,00,000 2,00,000
1,00,000 2,00,000
2. Aënmd{Y àmdYmZ :
H$a àmdYmZ 95,000 80,000
95,000 80,000
3. _yV© n[agån{Îm`m± :
ßbm§Q> Ed§ _erZar EH${ÌV (g§{MV) 12,10,000 11,40,000
_yë`õmg (2,00,000) (2,40,000)
10,10,000 9,00,000
4. A_yV© n[agån{Îm`m± :
»`m{V 2,80,000 2,00,000

2,80,000 2,00,000
5. amoH$‹S> Ed§ amoH$‹S> Vwë` :
(i) amoH$‹S> hñVo 70,000 3,50,000
(ii) ~¢H$ eof 3,05,000 2,90,000

3,75,000 6,40,000

A{V[aº$ gyMZm :
(i) df© Ho$ Xm¡amZ, EH$ _erZ H$mo, {OgH$s bmJV < 80,000 Wr, VWm {Og na EH${ÌV
(g§{MV) _yë`õmg < 50,000 Wm, < 30,000 _| ~oMm J`m &

(ii) 9% G$UnÌm| H$m emoYZ 31 _mM©, 2017 H$mo {H$`m J`m &

67/4/1 20

The following is the Balance Sheet of R.M. Ltd. as at 31st March, 2017.
Prepare a Cash Flow Statement :
R.M. Ltd.
Balance Sheet as at 31st March, 2017
Note 31.3.2017 31.3.2016
Particulars No. < <
I – Equity and Liabilities :

1. Shareholder’s Funds :
(a) Share Capital 15,00,000 10,00,000
(b) Reserves and Surplus (Balance in
7,50,000 6,00,000
Statement of Profit and Loss)
2. Non-Current Liabilities :
Long-term Borrowings 1 1,00,000 2,00,000
3. Current Liabilities :
(a) Trade Payables 1,00,000 1,10,000
(b) Short-term Provisions 2 95,000 80,000
Total 25,45,000 19,90,000

II – Assets :
1. Non-Current Assets :
(a) Fixed Assets :
(i) Tangible Assets 3 10,10,000 9,00,000
(ii) Intangible Assets 4 2,80,000 2,00,000
(b) Non-Current Investments : 5,00,000 —
2. Current Assets :
(a) Inventories 1,80,000 1,00,000
(b) Trade Receivables 2,00,000 1,50,000
(c) Cash and Cash Equivalents 5 3,75,000 6,40,000
Total 25,45,000 19,90,000

67/4/1 21 P.T.O.

Notes to Accounts :
Note 31.3.2017 31.3.2016
Particulars
No. < <
1. Long-term Borrowings :
9% Debentures
1,00,000 2,00,000
1,00,000 2,00,000
2. Short-term Provisions :
Provision for Tax 95,000 80,000
95,000 80,000
3. Tangible Assets :
12,10,000 11,40,000
Plant and Machinery
Accumulated Depreciation (2,00,000) (2,40,000)
10,10,000 9,00,000
4. Intangible Assets :
Goodwill
2,80,000 2,00,000
2,80,000 2,00,000
5. Cash and Cash Equivalents :
70,000 3,50,000
(i) Cash in Hand
(ii) Bank Balance 3,05,000 2,90,000
3,75,000 6,40,000
Additional Information :
(i) During the year, a machine costing < 80,000 on which
accumulated depreciation was < 50,000 was sold for < 30,000.
(ii) 9% Debentures were released on 31st March, 2017.
IÊS> I
{dH$ën 2
(A{^H${bÌ boIm§H$Z)
PART B
OPTION 2
(Computerised Accounting)
18. ‘bo~b’ H$m Š`m AW© h¡ ? 1
What is meant by a ‘Label’ ?
19. ‘ãbm°H$ H$moS²>g’ H$m Š`m AW© h¡ ? 1
What is meant by ‘Block Codes’ ?
67/4/1 22

20. A{^H${bÌ boIm§H$Z V§Ì H$s à{VñWmnZm Ho$ MaUm| H$m CëboI H$s{OE & 4
State the steps in the installation of computerised accounting system.

21. ‘S>oñH$Q>m°n S>oQ>m~og’ VWm ‘gd©a S>oQ>m~og’ _| AÝV^}X H$s{OE & 4
AWdm
EH$ AÀN>o boIm§H$Z gm°âQ>do`a H$s {deofVmAm| H$m CëboI H$s{OE & 4
Differentiate between ‘desktop database’ and ‘server database’ ?
OR
State the features of a good accounting software.

22. boIm§H$Z gm°âQ>do`a _| gwajm {deofVmAm| H$m hmoZm Š`m| Amdí`H$ h¡ ? Eogr {H$Ýht Xmo
{d{Y`m| H$mo g_PmBE Omo S>oQ>m gwajm àXmZ H$aVr h¢ & 4
AWdm
Cg _yë` H$m Zm_ ~VmBE Omo S>oQ>m H$s AZwnpñW{V H$mo àñVwV H$aVm h¡ & Cg pñW{V H$m ^r
CëboI H$s{OE {Og_| BZ _yë`m| Ho$ Cn`moJ H$s Amdí`H$Vm n‹S> gH$Vr h¡ & 4
Why is it necessary to have safety features in accounting software ?
Explain any two tools which provide data security.
OR
Name the value which represents absence of data. Also state the
situation which may require the use of these values.

23. {ZgmZ {b{_Q>oS> Zo < 1,50,000 _| EH$ Eå~moqgJ _erZ H$m H«$` {H$`m & CÝhm|Zo BgH$s
ñWmnZm Ed§ n[adhZ ì`` Ho$ ê$n _| < 50,000 H$m ^wJVmZ {H$`m & `h _mZVo hþE {H$
5 dfm] Ho$ A§V _| BgH$m H$~m‹S> ({ZñVmaU) _yë` < 25,000 hmoJm, ñWm`r {H$íV (grYr
aoIm) {d{Y H$m à`moJ H$aVo hþE BgHo$ _yë`õmg H$s JUZm H$s{OE VWm E_.Eg. EoŠgb _|
\$m_y©bo H$m Cn`moJ H$aVo hþE BgH$s Xa H$s JUZm ^r H$s{OE & 6

Nisan Ltd. purchased an embossing machine for < 1,50,000. They paid
< 50,000 as installation and transport expenses. Assuming its salvage
value at the end of 5 years as < 25,000, calculate depreciation by using
Straight Line Method and its rate using formulas in MS Excel.

67/4/1 23 P.T.O.