CBSE Class 12 Question Paper 2026 Solution Accountancy

FOR CBSE CLASS 12 EXAM PREPARATION

CBSE Class 12 2026
Question Paper
Solution · Accountancy
EXAM YEAR TYPE SUBJECT

CBSE Class 12 2026 Question Paper Solution Accountancy

Notes · Sample Papers · Previous Year Papers · Mock Tests

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Marking Scheme
Strictly Confidential
(For Internal and Restricted use only)
Senior Secondary School Examination, 2026 (XIIth)
SUBJECT NAME: ACCOUNTANCY (Q.P. CODE 055/67-1-1)
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General Instructions:
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The CBSE has decided to introduce On Screen Marking (OSM) for the evaluation of Class XII answer
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a s
Book with the 2026 Examination. g
a of the
lthat evaluation is the most important process in the actual and correct assessment
2 a
You are awareg
candidates. A small mistake in evaluation may lead to serious problems which may affect the future of the
candidates, education system and teaching profession. To avoid mistakes, it is requested that before starting
evaluation, you must read and understand the spot evaluation guidelines carefully.
3 “Evaluation policy is a confidential policy as it is related to the confidentiality of the examinations
conducted, evaluation done and several other aspects. Its leakage to public in any manner could lead
to derailment of the examination system and affect the life and future of millions of candidates.
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Sharing this policy/document to anyone, publishing in any magazine and printing in

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Newspaper/Website, etc. may invite action under various rules of the Board and IPC.”

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Evaluation is to be done as per instructions provided in the Marking Scheme. It should not be done

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according to one’s own interpretation or any other consideration. Marking Scheme should be strictly
adhered to and religiously followed. However, while evaluating, answers which are based on latest
information or knowledge and/or are innovative, they may be assessed for their correctness
otherwise and due marks be awarded to them. In Class-XII, while evaluating two competency-based
questions, please try to understand given answer and even if reply is not from marking scheme but
correct competency is enumerated by the candidate, due marks should be awarded.
5 The Marking scheme carries only suggested value points for the answers.
These are in the nature of Guidelines only and do not constitute the complete answer. The students can
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have their own expression and if the expression is correct, the due marks should be awarded accordingly.
m evaluator on the first
6 The . Head-Examiner must go through the first five answer books evaluated byeeach
s
s emday, to ensure that evaluation has been carried out as per the instructionsglgiven
a in the Marking Scheme. If
la there is any variation, the same should be zero after deliberation andadiscussion. The remaining answer
ag books meant for evaluation shall be given only after ensuring that there is no significant variation in the
marking of individual evaluators.
7 Evaluators will mark ( √ ) wherever answer is correct. For wrong answer CROSS ‘X’ be marked.
Evaluators will not put right (✓) while evaluating which gives an impression that answer is correct and no
marks are awarded. This is most common mistake which evaluators are committing.
8 If a question has parts, please award marks on the right-hand side for each part in the OSM Portal. Marks
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Page 1 of 22

awarded for different parts of the question will be totaled up by the OSM System.
9 If a question does not have any parts, marks must be awarded in the left-hand margin in the OSM Portal.
This may also be followed strictly.
10 No marks to be deducted for the cumulative effect of an error. It should be penalized only once.
11 A full scale of 80 marks has to be used. Please do not hesitate to award full marks if the answer deserves it.
12 Every examiner has to necessarily do evaluation work for full working hours i.e., 8 hours every day and
evaluate 20 answer books per day in main subjects and 25 answer books per day in other subjects (Details
are given in Spot Guidelines).This is in view of the reduced syllabus and number of questions in question
paper.
13 Ensure that you do not make the following common types of errors committed by the Examiner in the past:
● Answers marked as correct, but marks not awarded. (Ensure that the right tick mark is correctly and
clearly indicated. It should merely be a line. Same is with the X for incorrect answer.)
● Half or a part of answer marked correct and the rest as wrong, but no marks awarded.
14 While evaluating the answer books if the answer is found to be totally incorrect, it should be marked as
cross (X) and awarded zero (0) Marks.
15 The Examiners should acquaint themselves with the guidelines given in the “Guidelines for Spot
Evaluation” before starting the actual evaluation.
16 The candidates are entitled to obtain photocopy of the Answer Book on request on payment of the
prescribed processing fee. All Examiners/Additional Head Examiners/Head Examiners are once again
reminded that they must ensure that evaluation is carried out strictly as per value points for each answer as
given in the Marking Scheme.
17 In Part A, for questions having two options/alternatives, where only one option/ alternative is required to
be attempted:
§ If the candidate has attempted both the options/ alternatives, the Evaluator shall award marks in both the
options/ alternatives. The system will take the higher of two scores and disregard the other response.
§ If a candidate has attempted only one option/ alternative, then the evaluator shall mark “NA” (Not
attempted) against the option/ alternative that has not been attempted by the candidate.
18 In Part B, for questions having two options/alternatives, where only one option/ alternative is required to
be attempted, if the candidate has attempted both the options/ alternatives, the Evaluator shall award marks
in the option/ alternative where the candidate has scored higher marks and disregard the other response.
The system will NOT take the higher of two scores.
19 In Part B Step marking, Questions of Option I (Analysis of Financial Statements) are numbered as:
B_I_27, B_I_28….B_I_34 and Questions of Option II (Computerised Accounting) are numbered as:
B_II_27, B_II_28….B_II_34
20 In Part B, if a candidate has attempted both Option I (Analysis of Financial Statements) and Option II
(Computerised Accounting), where only one option is required to be attempted, the evaluator shall award
marks in both options (I and II). The system will take the higher of the two scores (Option I or Option II)
and disregard the other response.

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….
67
/1 MARKING SCHEME
/1 ACCOUNTANCY (055)
EXPECTED ANSWERS / VALUE POINTS

SECTION A

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Q. The books of Mehul and Barkha….
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Ans. (D) 10%
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Q. There are two statements Assertion (A)….
a
Ans. (A) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct 1
explanation of Assertion (A). mark

3 Q. (a) If 600 shares of ₹10 each, issued at a premium…
1
Ans. (A) credited, ₹3,000 mark

OR
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Q. (b) T.D. Ltd. issued ₹10,00,000, 9% debentures… 1

Ans. (B) ₹2,00,000 l as mark

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4 Q. (a) Tarun and Tej were partners….
1
Ans. (B) ₹3,72,000 mark

OR OR

Q. (b) Ashok and Vasu were partners….

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Ans. (C) ₹2,05,000
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5 Q.. Soni and Kush were partners in a firm… e m
emAns. (C) ₹5,00,000 las
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1
mark
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a 6 Q. (a) Which of the following is not correct…
1
Ans. (A) It is a primary security. mark
OR
OR
Q. (b) ‘A company is formed according….
1
Ans. (C) Body Corporate
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7 Q. (a) Chandan, Ravi and Mahesh….
1
Ans. (B) Old profit sharing ratio mark

OR OR
(b) Suman and Tanya were partners…..
1
Ans. (D) ₹5,00,000 mark

8 Q. Tula, Ram and Madhvi were partners ….
1
Ans.(C) ₹2,400 mark

9 Q. (a) Dharam, Karam and Raman were partners in a firm…
1
Ans. (C) 4:1 mark

OR OR

Q. (b) Deen, Raju and Hari were partners in a firm…. 1
mark
Ans. (A) 1:1

10 Q. Nidhi and Kunal were partners…
1
Ans. (C) Nidhi ₹9,000; Kunal ₹6,000 mark

11 Q. On 1st April, 2024, Dina Ltd. issued…..
1
Ans. (B) ₹72,000 mark

12 Q. Sakshi Ltd. forfeited………
1
Ans. (C) ₹8 per share mark

13 Q. Surya Ltd. issued 50,000 equity shares…….
1
Ans. (C) ₹2,45,000 mark

14 Q. Sidhi, Gyan and Gayatri were partners….
1
Ans. (C) ₹10,000 will be credited to realisation account. mark

15 Q. Chaman and Vatika were partners in a firm…
1
Ans. (B) 31:41:18 mark

16 Q. Lalita, Shivani and Madhuri were partners in a firm…
1
Ans. (D) ₹2,70,000 mark

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s em17 Q. Average profit of a firm during the last few years…. l a
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Ans.

(i) According to Capitalisation of Super profits method:

Goodwill= Super profits x 100 ………..………………………………………... ½
Normal Rate of return

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Super profit= Average profit- Normal profit
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Normal profit = Normal Rate of return/100 x Capital Employed.
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Capital Employed= Assets- External Liabilities
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= ₹40,00,000

Normal profit = Normal Rate of return/100 x Capital Employed
= 10/100 x₹40,00,000
= ₹4,00,000 ………………………………………………………. ½

Average profit = ₹8,00,000
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Super profit= Average profit- Normal profit marks
= ₹8,00,000 - ₹4,00,000
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= ₹4,00,000 …………………………………………………………. ½
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Goodwill = ₹4,00,000 x 100
10
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= ₹40,00,000………..…………………………………….…………... ½

(ii) According to Super profit method:

Goodwill = Super profits x Number of years purchase………..…………..……... ½
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Super profit= Average profit- Normal profit
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Normal
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s Capital Employed= Assets- External Liabilities g
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ag = ₹60,00,000 - ₹20,00,000
= ₹40,00,000

Normal profit = Normal Rate of return/100 x Capital Employed.
= 10/100 x₹40,00,000
= ₹4,00,000

Average profit = ₹8,00,000
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Super profit= Average profit- Normal profit
= ₹8,00,000 - ₹4,00,000
= ₹4,00,000

Goodwill = ₹4,00,000 x 4
= ₹16,00,000………..…………………………………….………... ½

[Note: if an examinee has calculated Super profit in part (i), there is no need for calculation
of Super profit in part (ii)]

18 Q. (a) Sultan, Singh and Tulsi were partners…

Ans.
Books of Sultan, Singh and Tulsi
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
Tulsi’s Current A/c Dr. 2,000
To Sultan’s Current A/c 1,500 1
To Singh’s Current A/c 500
(Interest on capital provided at a higher rate, now
rectified)

Adjustment Table
+
Partners Dr. Interest on capital Cr. Profits (₹) Net Effect
@ 2% (₹) 9:7:4 Dr. (₹) Cr. (₹)
Sultan 12,000 13,500 - 1,500
2
Singh 10,000 10,500 - 500
=
Tulsi 8,000 6,000 2,000 - 3
30,000 30,000 2,000 2,000 marks

(Note: If an examinee has shown the correct working in any other form, full credit should be
given)

OR OR

Q. (b) Sameer and Manveer were partners in a firm…

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a Ans.
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Books of Sameer, Manveer and Sandeep
Profit and Loss Appropriation A/c
Dr. for the year ended 31st March 2025 Cr.
Particulars Amount Particulars Amount
(₹) (₹)
To Profit transferred to: By Profit and Loss A/c 3,20,000
Sameer’s Capital A/c 1,60,000 ½ (Net Profit)
Less Share of deficiency(6,000) ½ 1,54,000
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½
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Manveer’s Capital A/c 96,000

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Less Share of deficiency(10,000) ½ 86,000
g l marks

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Sandeep’s Capital A/c 64,000 ½
Add Share of deficiency from:
Sameer 6,000
Manveer 10,000 ½ 80,000

3,20,000 3,20,000

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(Note: No marks for Net profit)

19 Q. (a) Raunak Cotton Ltd. purchased …
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Ans.
g Cotton Ltd.
Books ofaRaunak
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
Machinery A/c Dr. 6,80,000
To Heavy Machines Ltd. 6,80,000 1
(Machinery purchased from Heavy Machines Ltd.)

6,80,000 co
m +
mHeavy Machines Ltd.
o To Equity Share Capital A/c
Dr.
m . 5,25,000
. c s e 1,05,000
e m To Securities Premium A/c
la
2

las To Bank A/c
ag 50,000

ag (Paid Heavy Machines Ltd. by issue of equity shares at
a premium and the balance through a cheque)

Alternatively the following two entries may be passed- Altern-
atively
Heavy Machines Ltd. Dr. 6,30,000
1
To Equity Share Capital A/c 5,25,000
To Securities Premium A/c 1,05,000
(Paid Heavy Machines Ltd. by issue of equity shares at +
a premium)
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Heavy Machines Ltd. Dr. 50,000
To Bank A/c 50,000 1
(Balance due to Heavy Machines Ltd. paid through a =
cheque) 3
Marks
OR OR
Q. (b) Neo Ltd. took over assets of ₹25,00,000…

Ans.
Books of Neo Ltd.
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
Assets A/c Dr. 25,00,000
Goodwill A/c Dr. 5,00,000
To Liabilities A/c 12,00,000 1½
To Madura Ltd. 18,00,000
(Assets and liabilities of Madura Ltd. taken over)
Madura Ltd. Dr. 18,00,000 +
Discount on issue of debentures A/c Dr. 2,00,000
To 11% Debentures A/c 20,00,000 1½
(Paid Madura Ltd. by issue of 20,000 debentures at a =
discount of 10%) 3
. Marks
Working Note:

Number of debentures= ₹18,00,000/ 90 = 20,000
(Note: No marks for Working Note)

20 Q. Shree and Hari were partners….

Ans.
Books of Shree and Hari
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
2025 (i) 5,000
Mar.31 Hari’s Commission A/c/ Partner’s Commission A/c Dr.
To Hari’s Current A/c 5,000 1½
(Hari’s commission credited to his current account)
+
” (ii) 5,000
Profit and Loss Appropriation A/c Dr. 1½
To Hari’s Commission A/c/Partner’s Commission A/c 5,000 =
(Hari’s commission transferred to Profit and Loss 3
Appropriation Account) Marks

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s em21 Q. On 1 April 2024, Bhumika Ltd. issued ……….. l a
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st

Ans.
Books of Bhumika Ltd.
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
2024
m
Apr.1 Bank A/c
om
Dr.
To Debenture Application and Allotment A/c
2,25,000
2,25,000 . co
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1
.
(Debenture application money received)
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Debenture Application and Allotment A/c Dr.
s
2,25,000
g l a
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Loss on Issue of Debentures A/c
g
Dr. 40,000
a 1
a
To 9% Debentures A/c
To Premium on Redemption of Debentures A/c
2,50,000
15,000
(Debenture application money transferred to
debentures and premium on redemption of debentures
account) +
2025
Mar.31 Securities Premium A/c Dr. 30,000
Statement of Profit and Loss Dr. 10,000 1
To Loss on Issue of Debentures A/c 40,000
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(Loss on issue of debentures written off)
+
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Dr. Loss on Issue of Debentures A/c Cr.
Particulars
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Amount Particulars Amount

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(₹) (₹)
2024 2025
Apr.1 To 9% Debentures A/c 25,000 Mar.31 By Securities Premium 30,000
A/c 1
=
” To Premium on Redemption of 15,000 ” By Statement of Profit 10,000 4 marks
Debentures A/c and Loss

40,000 40,000

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22 Q. Kiran, Raveena and Hina were partners in…
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Ans.

s
(i) Goodwill= Average profits x Number of years purchase
g la
g la Average Profits= Total profits/ Number of years a
a = (₹4,75,000 + ₹4,05,000 + ₹3,20,000)/3
= ₹12,00,000/3
= ₹4,00,000

Goodwill of the firm=₹4,00,000 x 4 =₹16,00,000 ½
+
Hina’s share of goodwill= 2/10 x ₹16,00,000= ₹3,20,000 ½

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(ii) Hina’s share of profits till the date of death= 2/10 x ₹3,20,000 x 3/12 = ₹16,000 1

(iii)
Books of Kiran, Raveena and Hina
Journal +
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
2025
July1 Kiran’s Capital A/c Dr. 2,00,000
Raveena’s Capital A/c Dr. 1,20,000 1
To Hina’s Capital A/c 3,20,000
(Hina’s share of goodwill adjusted in the capital
accounts of Kiran and Raveena in the gaining ratio) +
” Profit and Loss Suspense A/c Dr. 16,000
To Hina’s Capital A/c 16,000 1
(Hina’s share of profit till the date of her death
credited to her capital account =
4
marks
23 Q. Ravneet and Manmeet were partners …

Ans. Books of Ravneet and Manmeet
Dr. Realisation Account Cr.
Particulars Amount Particulars Amount
(₹) (₹)
To Sundry Assets ……… ½ By Sundry Liabilities ………..… ½
Stock 2,50,000 Creditors 4,50,000
Debtors 2,00,000
Plant and Machinery5,50,000 10,00,000 By Cash/ Bank A/c
Plant and Machinery. 4,87,000.. .. ½
Stock 2,00,000… ½
To Cash/ Bank A/c …….. ½ Debtors 1,40,000… ½ 8,27,000
Creditors 4,50,000
By Loss transferred to Partners’
Capital A/c’s……........................ ½
To Ravneet’s Capital A/c.. ½ Ravneet 1,27,400
- Commission 9,000 Manmeet 54,600 1,82,000 6
14,59,000 14,59,000 marks

Dr. Partners’ Capital Accounts Cr.
Particulars Ravneet Manmeet Particulars Ravneet Manmeet
(₹) (₹) (₹) (₹)
To RealisationA/c ½ 1,27,400 54,600 By Balance b/d ½ 5,00,000 3,00,000
(Loss)
To Cash/ Bank A/c ½ 3,81,600 2,45,400 By Realisation A/c ½ 9,000 -
(Commission)
5,09,000 3,00,000 5,09,000 3,00,000
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a Alternatively,
ag
Dr. Partners’ Capital Accounts Cr.
Particulars Ravneet Manmeet Particulars Ravneet Manmeet
(₹) (₹) (₹) (₹)
To RealisationA/c ½ 1,27,400 54,600 By Balance b/d 5,00,000 3,00,000
(Loss)
To Cash/ Bank A/c ½ 7,500 - By Realisation A/c ½ 9,000 -
(Commission)
m
om 2,45,400 . co
To Cash/ Bank A/c ½
c. 3,74,100 e m
m
eBalance b/d in the Alternate solution)
5,09,000 3,00,000 5,09,000 3,00,000
l as
as
(Note: No marks for
lPharma Ltd. invited applications … ag
ag
24 Q. (a) Generic

Ans.
Books of Generic Pharma Ltd.
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
Bank A/c Dr.
m 16,00,000
To Equity Share Application and Allotment A/c
.co 16,00,000

em
(Application money received on 4,00,000 shares @₹4 1
per share, including premium ₹2)
l as
ag
Equity Share Application and Allotment A/c Dr. 16,00,000
To Equity Share Capital A/c 6,00,000 +
To Securities Premium A/c 6,00,000
To Calls in advance A/c 2,40,000
To Bank A/c 1,60,000 1½
(Transfer of application money to share capital,
securities premium, first and final call and excess
application money refunded) +
Equity Share First and Final call A/c Dr. 36,00,000
To Equity Share Capital A/c
m
24,00,000

om
To Securities Premium A/c
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12,00,000 1

. c (Amount due on share first and final call)
e m
e m Bank A/c Dr. s
33,26,400
la
las Call in arrears A/c
Calls in advance A/c
Dr.
ag 33,600
2,40,000
+

ag To Equity Share First and Final Call A/c 36,00,000 1
(Amount received on share first and final call except on
3,000 shares)
Equity Share Capital A/c Dr. 30,000 +
Securities Premium A/c Dr. 12,000
To Share Forfeiture A/c 8,400 1½
To Calls in Arrears A/c 33,600 =
(3,000 shares forfeited for non-payment of first and 6
final call money)
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OR OR

Q. (b) Pass necessary journal entries for forfeiture and reissue…

(i)
Books of Diksha Ltd.
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
Share Capital A/c Dr. 30,000
To Share Forfeiture A/c 24,000
To Share Final Call A/c/ Calls in arrears A/c 6,000 1
(3,000 shares forfeited for non-payment of final call of ₹2
per share) +

Bank A/c Dr. 5,400
Share Forfeiture A/c Dr. 600 1
To Share Capital A/c 6,000
(Reissue of 600 shares as fully paid) +

Share Forfeiture A/c Dr. 4,200
To Capital Reserve A/c 4,200 1
(Balance in share forfeiture account transferred to capital
reserve) =
3 marks

(ii) +
Books of Ashoka Ltd.
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount
(₹) (₹)
Equity Share Capital A/c Dr. 1,60,000
Securities Premium A/c Dr. 20,000
To Share Forfeiture A/c 60,000
To Equity Share Allotment A/c/ Calls in Arrears A/c 1,20,000 1½
(2,000 equity shares forfeited for non-payment of
allotment money)
+
Bank A/c Dr. 1,40,000
Share Forfeiture A/c Dr. 60,000
To Equity Share Capital A/c 2,00,000 1½
(Reissue of 2,000 shares @₹70 per share fully paid up) =
3 marks
.
(3+3)
=
6
Marks

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s em25 Q. (a) Sanjay and Vijay were partners in a firm... l a
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Ans.
Books of Sanjay, Vijay and Babul
Journal
Date Particulars L.F. Dr. Cr.
Amount Amount

m
(₹) (₹)
2025
Apr.1 Cash/ Bank A/c
om Dr. 28,000 . co
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To Premium for goodwill A/c
em
(Premium for goodwill brought in by Babul)
28,000
as
l +
½
”
l as
Premium for goodwill A/c Dr. 28,000
a g
ag
To Sanjay’s Capital A/c
To Vijay’s Capital A/c
19,000
9,000 1
(Premium for goodwill transferred to Sanjay’s and
Vijay’s Capital account in the sacrificing ratio) +
” Sanjay’s Capital A/c Dr. 9,500
Vijay’s Capital A/c. Dr. 4,500 1
To Cash/ Bank A/c 14,000
(Cash withdrawn for 50% of their share of goodwill) +
” Sanjay’s Capital A/c Dr. 40,000
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Vijay’s Capital A/c Dr. 30,000 1
To Revaluation A/c 70,000
(Loss on revaluation debited to partners’ capital
s em +
accounts)
l a
General Reserve A/c
To Sanjay’s Capital A/c ag Dr. 28,000
16,000 1
To Vijay’s Capital A/c 12,000
(General Reserve credited to partners’ capital accounts) +
Cash/ Bank A/c Dr. 4,00,000
To Babul’s Capital A/c 4,00,000 ½
(Proportionate capital brought in by Babul)
+
Working Note:
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Calculation of Sacrificing Ratio:
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Sanjay’s sacrifice= 4/7 – 3/10 =19/70
Vijay’s sacrifice= 3/7 – 3/10 = 9/70
e m
em Sacrificing Ratio= 19:9
las
s
la Calculation of goodwill ag 1

ag Average profits=(₹16,500+₹17,500+₹18,000)/3= ₹17,500
Firm’s goodwill= ₹17,500 x 4 = ₹70,000
Babul’s share of goodwill= 2/5 x ₹70,000 = ₹28,000 =

Calculation of Babul’s proportionate capital
Capitals of Sanjay and Vijay after all adjustments= ₹3,50,000 + ₹2,50,000= ₹6,00,000 6
Babul’s capital= ₹6,00,000 x 5/3 x 2/5= ₹4,00,000 Marks

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OR OR
Q. (b) Anuj, Divij and Shilpa were partners …

Ans. Books of Anuj, Divij and Shilpa
. Dr. Partners’ Capital Accounts Cr.
Particulars Anuj Divij Shilpa Particulars Anuj Divij Shilpa
(₹) ( ₹) ( ₹) (₹) ( ₹) ( ₹)
To Anuj’s - 30,000 60,000 By Balance b/d 3,00,000 4,00,000 5,00,000
Capital A/c ½
½
To Anuj’s 4,00,000 - - By Divij’s 30,000 - -
Loan A/c ½ Capital A/c ½

To Balance - 3,75,000 4,50,000 By Shilpa’s 60,000 - -
c/d ½ Capital A/c ½

By Revaluation 10,000 5,000 10,000
A/c (gain) ½
4,00,000 4,05,000 5,10,000 4,00,000 4,05,000 5,10,000

Dr. Anuj’s Loan A/c Cr.
Date Particulars Amount Date Particulars Amount
(₹) (₹) 6 marks
2023 2023
Mar.31 To Balance c/d 4,00,000 Mar.31 By Anuj’s Capital A/c ½ 4,00,000
4,00,000 4,00,000
2024 2023
Mar.31 To Cash/ Bank 2,48,000 Apr. 1 By Balance b/d 4,00,000
A/c. ½
Mar.31 To Balance c/d 2,00,000 2024
Mar.31 By Interest A/c ½ 48,000
4,48,000 4,48,000
2025 2024
Mar.31 To Cash/ Bank 2,24,000 Apr.1 By Balance b/d 2,00,000
A/c ½
2025
Mar.31 By Interest A/c ½ 24,000
2,24,000 2,24,000
.
26 Q. Dharma Ltd. was registered with …..

Ans.
1
(i) (A) ₹30,00,000 +
1
(ii) (C) ₹9,00,000
+
(iii) (B) ₹8,30,000 1
+
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a (iv) (B) ₹8,59,000
ag +
1

(v) (D) ₹29,000 1
+
(vi) (D) Nil 1
=
6
marks
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PART B

om .
OPTION 1
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(Analysis of Financial Statements) m
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27 Q. (a) The process of identifying………
as
l 1
l as g
a mark
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Ans. (C) Financial Analysis
OR
OR
Q. (b) Ratios calculated to measure the ability… 1
mark
Ans. (B) Liquidity ratios

28 Q. Which of the following transaction…

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1
Ans. (A) (iv)
. c mark

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29 Q. (a) Purchase of marketable securities…
l as 1
Ans. (B) These constitute cash equivalents g
a mark

OR OR
Q. (b) Which of the following will not….

Ans. (A) Purchase of marketable securities 1
mark
30 Q. Statement 1: In case of non-financial enterprises…
1
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Ans. (D) Both the Statements are false. mark
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31 Q. Classify the following items under major heads…
s e m
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g la Sub-heada
a Item Major head

(i) Stores and Spare parts Current Assets ½ Inventories ½

(ii) Livestock Non- Current Assets ½ Property, Plant and Equipment 3 marks
and Intangible Assets ½

(iii) Public Deposits Non- Current Liabilities ½ Long Term borrowings ½
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32 Q. From the following Balance sheets of Royal Sugar Mills Ltd……

Ans.
Comparative Balance Sheet of Royal Sugar Mills Ltd.
as at 31st March 2024 and 2025
31.3.2024 31.3.2025 Absolute Percentage
Particulars (₹) (₹) Change Change
(₹) (%)
I. Equity and Liabilities
1. Shareholders Funds
½
Share Capital 20,00,000 24,00,000 4,00,000 20
2. Non-Current Liabilities
Long term borrowings 10,00,000 12,00,000 2,00,000 20 ½
3. Current Liabilities
Trade Payables 5,00,000 6,00,000 1,00,000 20
½
Total 35,00,000 42,00,000 7,00,000 20
II. Assets
1. Non-Current Assets
Property, plant and equipment and
intangible Assets 25,00,000 30,00,000 5,00,000 20 ½
2. Current Assets
(a) Inventories 4,00,000 2,00,000 (2,00,000) (50) ½
(b) Cash & Cash equivalents 6,00,000 10,00,000 4,00,000 66.67
½
Total 35,00,000 42,00,000 7,00,000 20
=
. 3
marks
33 Q. (a) From the following information…

Ans.
(i) Current Ratio = Current Assets ………………………………………………….… ½
Current Liabilities

Current Assets = Total Assets - Non-current Assets
= ₹6,00,000 - ₹5,20,000 = ₹80,000………………………….………. ½

Current Liabilities = Total Liabilities -Non-Current liabilities - Shareholders funds
= ₹6,00,000 - ₹1,40,000 - ₹4,20,000
= ₹40,000 ……………………………………………….………….…..…. ½

Current Ratio = ₹80,000/₹40,000
= 2:1………………………………………………….….……………..... ½

(ii) Debt to Capital employed ratio = Debt/ Capital employed…………………….….. ½ 4
marks
Debt = Non-current Liabilities= ₹1,40,000……………………………….…….…. ½

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Capital employed = Shareholders funds + Non-current Liabilities
= ₹4,20,000 + ₹1,40,000 = ₹5,60,000

Alternatively ½
Capital employed = Non-Current Assets + Current Assets - Current Liabilities
= ₹5,20,000 + ₹80,000 - ₹40,000
= ₹5,60,000

Debt to capital employed ratio = ₹1,40,000/ ₹5,60,000
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om
= 1 : 4 or 0.25 : 1……………………..………….…….. ½
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em OR
l as
s
OR

l a ag
g
Q. (b) From the following information……….
a
Ans. (i) Debt Equity Ratio = Debt/ Equity……………………………………………… ½
Debt = Long Term Borrowings + Long Term Provisions + Other Long term Liabilities
= ₹8,00,000 + ₹1,20,000 + ₹80,000
= ₹10,00,000…………………………………………………….………….….. ½
Equity = Share Capital + Reserves and Surplus
= ₹24,00,000 + ₹6,00,000 = ₹30,00,000………………………………...…… ½
o m
c
Debt Equity Ratio = ₹10,00,000/ ₹30,00,000= 1:3 or. 0.33:1…………………….….. ½
e m
l as
a gDebt………………………………..….… ½
(ii) Total Assets to Debt ratio= Total Assets/
Total Assets = Non-Current Assets + Current Assets
= ₹36,00,000 + ₹14,00,000
= ₹50,00,000……………………………………………..……………….… ½
Debt= ₹10,00,000……………………………………………….…………………...…. ½
Total Assets to Debt Ratio =₹50,00,000/ ₹10,00,000 = 5 : 1…………………….… …. ½ 4 marks

o m
c
Alternate Solution-
omEquity Ratio = Debt/ Equity………………………………………….………..
c. Debt
(i) Debt
e m .½
e m = Long Term Borrowings + Long Term Provisions
l as
las = ₹8,00,000 + ₹1,20,000
ag
ag = ₹9,20,000…………………………………………………………..……..… ½
Equity = Share Capital + Reserves and Surplus
= ₹24,00,000 + ₹6,00,000 = ₹30,00,000………………............................…. ½

Debt Equity Ratio = ₹9,20,000/ ₹30,00,000= 23:75 or 0.31:1……………..……..... ½

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(ii)
Total Assets to Debt ratio= Total Assets/ Debt……………………………………… ½
Total Assets = Non-Current Assets + Current Assets
= ₹36,00,000 + ₹14,00,000
= ₹50,00,000……………………………………….……………………. ½
Debt= ₹9,20,000……………………………………………..……………………… ½

Total Assets to Debt Ratio =₹50,00,000/ ₹9,20,000 = 125:23 or 5.43:1……………. ½

34 Q. For the year ended 31st March 2025, Sona Ltd….

Ans. Calculation of cash flows from operating activities :
Particulars (₹)
Net Profit before tax (Working Note 1) 5,50,000
½
Adjustment for- +
Add: Depreciation on fixed assets 75,000 ½
+
Add: Goodwill written off 80,000 ½
+
Less: Gain on Sale of Machinery (5,000) ½
+
Operating Profit before Working Capital Changes 7,00,000 ½
+
Add: Increase in Trade Payables 30,000 ½
+
Less: Increase in Trade Receivables (40,000) ½
+
Less: Increase in Prepaid expenses (2,000) ½
+
Less: Decrease in outstanding wages (20,000) ½

Cash inflows from operating activities 6,68,000 ½

Working Note 1: +
Calculation of Net Profit before tax: (₹)
Net Profit 4,00,000 ½
+
Add : Amount transferred to general reserve 1,50,000 ½
Net Profit before tax: 5,50,000
=
6
Marks
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a PART B
OPTION II ag
(Computerised Accounting)

27 Q. (a) The encryption of data facilitates…….
1
Ans. (D) Codification mark
OR

m
Q. (b) How many columns…… OR

Ans. (C) 275
om
1
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c m
mark
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28 Q. Which of the following………
g a
l 1 mark
la
Ans. (B) Pageglayout a
a
29 Q. What will be displayed………
1
Ans. (C) Correct a # Name Error mark

30 Q. (a) What is the outcome……..
1 mark
Ans. (B) Derived value
m
c. o
OR OR
Q. (b) What value of range……..
e m
s
1 mark
Ans. (A) False
l a
31 Q. State any three advantages……. ag
Ans.
Advantages of Computerised Accounting System: (ANY THREE)
(i) Timely generation of reports and information in desired format ………………………. ½
(ii) Efficient record keeping………………………………………………………............. . ½
(iii) Ensures effective control over the system……………………………………….….…. ½ 3 marks
o m
(iv) Economy in processing of accounting data……………………………………………. ½
o m c
. ½
(v)cConfidentiality
. of data is maintained…………………………………….………..…….
e m
m
e Disadvantages of Computerised Accounting System : (ANY THREE)gla s
s
la (i) Faster obsolescence of technology necessitates investment in shorteraperiod of time. ….½
ag
(ii) Data may be lost or corrupted due to power interruption. ………………………………. ½
(iii) Data are prone to hacking……………………………………………………………... . ½
(iv) Un-programmed and un-specified reports cannot be generated…………………………. ½

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32 Q. What are ‘Radar Charts’?........

Ans. Meaning: A radar chart is a graphical tool in which data series or related data points are 2
plotted in a chart. The data is multivariate as three or more quantitative are plotted. Each data
series in chart has a unique colour or pattern. +

Purpose:
1
It is drawn for the comparison of highest and lowest value. =
3 marks
33 Q. (a) Explain any two ways……..

Ans. Ways in which Computerised Accounting System safeguards the secrecy of business data:
(ANY TWO)

(i) Password Security: (Explanation should include the following value points)
§ Only authorised person can access data………………………………………….. ½
§ Ensures integrity…………………………………………………………………. ½
§ Uses binary decoding format…………………………………………………….. ½
§ Widely accepted………………………………………………………………….. ½
4 marks
(ii) Data Audit: (Explanation should include the following value points)
§ Provides administrator rights…………………………………………………….. ½
§ Avoids unauthorised access to data…………..………………………………….. ½
§ Audits for correction of data……………………………………………….…….. ½
§ Displays all entries along with name of auditor, user and date and time of alteration to
restrict alterations for window duration………………………………………….. ½

(iii) Data Vault: (Explanation should include the following value points)
§ Additional security for inputted information…………………………………….. ½
§ Ensures preservation of original information…………………………………….. ½
§ Its password cannot be broken……………………………………………..…….. ½
§ Some software uses encryption of data. …………………………………………. ½
OR
OR

Q. (b) Name the table……..

Ans. The name of the table is ‘Pivot Table’ ……………………………………..…….. 1

Reasons why this table is designed (ANY THREE) :
(i) Querying large amounts of data in user friendly ways……………….……………… 1
(ii) Creating Custom Calculations and formulas. ……………………………….……… 1
4 marks
(iii) Expanding and Collapsing levels of data to focus on results and providing from details to
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the summary of data for areas of interest. ……………………………………………… 1
(iv) Moving rows to columns and columns to rows to see different summaries of the source data.
………………………………………………………………………………..………… 1
(v) Filtering, sorting, grouping and conditionally formatting the most useful and the interesting
subset of data to enable focus on the wanted information. ……………………………. 1
(vi) Presenting concise attractive and annotated online or printed reports. …………… 1

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(vii) Report is used to analyse related totals when there is long list of figures to sum and

. c om
compare several facts about each figure. ……………………………….……………… 1
e m .
e m l as
l as
34 Q. Explain various options…
ag
g
a available to change the alignment of the text in cells are: (with explanation)
Ans. Options

1. Text layout

Vertical alignment – To specify the vertical position of the text in a shape, select an option from 1
the list (or from the tool box).

Text direction – To specify the orientation of the text in a shape, select an option from the list. 1
m
2. Autofit
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l a
Resize shape to fit text – To increase the size of the shape vertically so that the text fits inside of 1

ag
it, click this button.

3. Internal margin

The internal margin is the distance between the text and the border of a chart element. We can
increase or decrease the amount of this space by using the following options.

Left – To specify the distance between the left border of the selected chart element and the text,
enter the margin number that we want in the Left box.
m
m
Right – To specify the distance between the right border of the selected chart element and the
.co
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text, enter the margin number that we want in the Right box.
s e m
s emTop – To specify the distance between the top border of the selected chartgelement
l a and the text,
g la enter the margin number that we want in the Top box. a
a Bottom – To specify the distance between the bottom border of the selected chart element and 3
the text, enter the margin number that we want in the Bottom box.

Columns – To specify the number of columns of text in a chart element and the spacing between
the columns, click this button.

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Page 21 of 22

The commands for this =
• Select the range.
• Click on Home tab for Alignment option which displays the dialog box and select the
6 marks
Alignment tab.
• Select horizontal and vertical as alignment required.
• There are other options to display text in angular orientation or text to be contained within cell
or to spread within the cell.
• Click OK.

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