HP Board Class 12 Model Question Paper 2022 Accountancy Term 2

Session-2021-22
Sample paper Second Term Examination
Class 10+2 (Regular Students)
Subject- Accountancy
Time allowed - 3 hrs M.M. 50

âæ×æ‹Ø çÙÎðüàæ ÑU
General Instructions :

(v) âÖè ÂýàÙ ¥çÙßæØü ãñ´UÐ
All Questions are compulsory.
(w) ©UžæÚU â¢çÿæŒÌ ¥õÚU ¥¢·¤ô´ ·ð¤ ¥ÙéâæÚU ãUôÙæ ¿æçãU°
Answer should be brief and according to marks allowed.
(x) ¥¢·¤ âÖè ÂýàÙô´ ·ð¤ âæ×Ùð ¥¢ç·¤Ì ç·¤Øð »Øð ãñ´UÐ
Marks allotted to each question are indicated against it.
(20 ×1 = 20)

v. ÂýàÙ
v. ¥¢àæ Âê¡Áè ·¤æ ßãU Öæ» çÁâð ·ð¤ßÜ ·¤ÂÙè ·ð¤ â×æÂÙ ÂÚU ×¢»ßæØæ Áæ
â·¤Ìæ ãñU Ñ
(·¤) ¥çÏ·ë¤Ì Âê¢Áè (¹)¥Øæç¿UÌ Âê¢Áè
(») â¢ç¿Ì Âê¢Áè (ƒæ) çÙ»üç×Ì Âê¢Áè
11

The portion of the Capital which can be called up only on the
winding up of the company, is called :
(a) Authorised capital (b) uncalled capital
(c) Reserve capital (d) Issued capital

w. â×Ìæ ¥¢àæÏæÚUè ãUôÌð ãñ´U Ñ-
(·¤) ÜðÙÎæÚU (¹) Sßæ×è
(») ⢿æÜ·¤ (ƒæ) §Ù×ð´ âð ·¤ô§ü ÙãUè´
Equity shareholders are :
(a) creditors (b) owners
(c) Directors (d) None of these
x. ¥¢àæô´ ÂÚU ¥çÏ·¤Ì× Âýèç×Ø× çÜØæ Áæ â·¤Ìæ ãñU Ñ-
(·¤) 5% (¹) 6%
(») 10% (ƒæ) ·¤ô§ü Öè ÂýçÌàæÌ
Maximum premium on shares are :
(a) 5% (b) 6%
(c) 10% IIIIIIIIIIIIIII
None of these
(d) IIIIIIIIIIIIIIII
IIIIIIIIIIIIIIII
IIIIIIIIIIIIIIII
Any percentage

y. ÁèÚUô ·ê¤ÂÙ Õæò‡ÇU çÙ»üç×Ì ç·¤° ÁæÌð ãñ´U-
(·¤) ŽØæÁ ÎÚU ·ð¤ âæÍ (¹) ŽØæÁ ÎÚU ·ð¤ çÕÙæ
(») ÁèÚUô ŽØæÁ ÎÚU ·ð¤ âæÍ (ƒæ) §Ù×ð´ âð ·¤ô§ü ÙãUè´
12

Zero coupon bonds are issued :
(a) with the rate of interest
(b) without the rate of interest
(c) with the rate of zero interest
(d) None of these
z. «¤‡æÂ˜æ €Øæ ÂýÎçàæüÌ ·¤ÚUÌð ãñ´U Ñ-
(·¤) ¥¢àæÏæçÚUØô´ mæÚUæ çßçÙØô» (¹) ⢿æÜ·¤ô´ mæÚUæ ¥¢àæÎæÙ
(») ܐÕè ¥ßçÏ ·¤æ «¤‡æ (ƒæ) §Ù×ð´ âð ·¤ô§ü ÙãUè´
Debentures represents :
(a) Investments by equity shareholderes
(b) Director’s share in a company
(c) Long-term liabilities of a business
(d) None of these
{. «¤‡æ˜æô´ ·ð¤ çÙ»ü×Ù ÂÚU ÂýæŒÌ Âýèç×Ø× ·¤è ÚUæçàæ çιæ§ü ÁæÌè ãñUÑ-
(·¤) âÂçžæ Âÿæ ×ð´ (¹) â×Ìæ °ß¢ ÎæçØˆß Âÿæ ×ð´
(») ÇðUçÕÅU Âÿæ ×ð´ (ÃØØ ×ð´) (ƒæ) ·ýð¤çÇUÅU Âÿæ ×ð´ (¥æØ ×ð´)
Premium on Redemption of debentures a/c is :
(a) Assets side (b) Equity and liabilities side
(c) Dr. side (expenses) (d) credit side (revenue)

13

|. ¥æØ çßßÚU‡æ ×ð´ ·¤õÙ âæ ¹æÌæ ãUôÌæ ãñU Ñ-
(·¤) ÃØæÂæçÚU·¤ ¹æÌæ (¹) ÜæÖ-ãUæçÙ çÙØôÁÙ ¹æÌæ
(») ÜæÖ-ãUæçÙ ¹æÌæ (ƒæ) ©UÂÚUô€Ì âÖè
Income statement include which account :
(a) Trading account
(b) statement of profit & loss
(c) statement of profit and loss appropriation A/c
(d) All of the above

}. ·¤ÂÙè ·ð¤ çSÍçÌ çßßÚU‡æ ·¤æ ÂýæM¤Â ·¤õÙ-âè ¥Ùéâê¿è ×ð´ çÎØæ »Øæ ãñU?
(·¤) ¥Ùéâê¿è III,Öæ»-I (¹) ¥Ùéâê¿è III, Öæ»-II
(») ¥Ùéâê¿è III Öæ»-III (ƒæ) ¥Ùéâê¿è III, Öæ»-IV
The prescribed form of balance sheet for the companies has been
given in the schedule :
(a) Schedule III, Part-I (b) Schedule III, Part-II
(c) Schedule III, Part-III (d) Schedule III, Part-IV

~. ØæçÌ ç·¤â àæèáü·¤ ·ð¤ ¥‹Ìü»Ì çιæ§ü ÁæÌè ãñU ?
(·¤) SÍæØè âÂçžæ (¥×êüÌ âÂçžæ) (¹) çßçÙØô»
(») ¿æÜê âÂçžæØæ¢ (ƒæ) â¢¿Ø °ß¢ ¥æçπØ

14

Goodwill is shown under the head :
(a) Fixed assets (Intangible assets)
(b) Investment
(c) Current assets
(d) Reserves and Surplus
v®. çߞæèØ çßßÚU‡æô´ ×ð´ àææç×Ü ãUôÌð ãñ´U Ñ
(·¤) ÃØæÂæçÚU·¤ ¹æÌæ (¹) ÜæÖ-ãUæçÙ ·¤æ çßßÚU‡æ
(») çSÍçÌ çßßÚU‡æ (ƒæ) ©UÂÚUô€Ì âÖè
Analysis of Financial statements involve :
(a) Trading A/c (b) Statement of Profit and Loss
(c) Balance (d) All of the above
vv. çِ٠×ð´ âð ·¤õÙ-âæ çߞæèØ çßàÜðá‡æ ·¤æ ©U·¤ÚU‡æ ãñU ?
v. ÌéÜÙæˆ×·¤ çßßÚU‡æ w. ¥ÙéÂæÌ çßàÜðá‡æ
x. Âýßëçžæ çßàÜðá‡æ y. ©UÂÚUô€Ì âÖè
Select the tools of financial analysis :
(a) Comparative statement (b) Ratio Analysis
(c) Trend Analysis (d) All of the above
vw. çِ٠×ð´ âð ·¤õÙ-âæ ⢿æÜÙ ÃØØ ãñU ?
v. çß·ý¤Ø ÃØØ w. ÂýæŒÌ ŽØæÁ
x. ·ý¤Ø ·¤ÅUõÌè y. ©UÂÚUô€Ì ×ð´ âð ·¤ô§ü ÙãUè´
15

Select the operating expenses :
(a) Sales expenses (b) Interest received
(c) Discount on Purchase (d) None of the above
vx. çß·ý¤Ø ãéU° ×æÜ ·¤è Üæ»Ì ×ð´ àææç×Ü ãUôÌð ãñ´U Ñ
v. ·ð¤ßÜ ÂýˆØÿæ ÃØØ w. ÂýˆØÿæ °ß¢ ¥ÂýˆØÿæ ÃØØ ÎôÙô´
x. ·ð¤ßÜ ¥ÂýˆØÿæ ÃØØ y. ©UÂÚUô€Ì ×ð´ âð ·¤ô§ü ÙãUè´
Cost of goods sold involves :
(a) Only Direct Expenses
(b) Both Direct and Indirect Expenses
(c) Only Indirect Expenses
(d) All of the above
vy. ÌéÜÙæˆ×·¤ çߞæèØ çßßÚU‡æ ©UÎæãUÚU‡æ ãñU Ñ
v. ÿæñçÌÁ çßàÜðá‡æ ·¤æ w. ܐÕßÌ÷ çßàÜðá‡æ ·¤æ
x. ©UÂÚUô€Ì ÎôÙô´ y. ©UÂÚUô€Ì ×ð´ âð ·¤ô§ü ÙãUè´
Example of comparative financial statement :
(a) Horizontal (b) Vertical
(c) Both of them (d) None of the above
vz. ·¤ÍÙ-·¤æÚU‡æ âÕ‹Ïè ÂýàÙ Ñ-
çÙÎðüàæ Ñ- ÂýàÙ ×ð´ Îô ·¤ÍÙ çΰ »° ãñUÐ ÎôÙô´ ·¤ÍÙô´ ·¤ô ÂɸðU ÌÍæ çِÙ
çß·¤ËÂô´ ×ð´ âð âãUè çß·¤Ë ·¤æ ¿éÙæß ·¤ÚÔ´UÐ
16

v. ÎôÙô´ ·¤ÍÙ âãUè ãñ´U ÌÍæ ·¤ÍÙ-II, ·¤ÍÙ-I ·¤è SÂcÅU ÃØæØæ ãñUÐ
w. ÎôÙô´ ·¤ÍÙ âãUè ãñU, Üðç·¤Ù ·¤ÍÙ II, ·¤ÍÙ-I ·¤è âãUè ÃØæØæ ÙãUè´ ãñUÐ
x. ·¤ÍÙ-I âãUè ãñU, Üðç·¤Ù ·¤ÍÙ-II »ÜÌ ãñUÐ
y. ·¤ÍÙ-II âãUè ãñU, Üðç·¤Ù ·¤ÍÙ-I »ÜÌ ãñUÐ
·¤ÍÙ-I-¥ÙéÂæÌ çßàÜðá‡æ °·¤ ©Ul× ·ð¤ ÜðÙ ÎðÙ ·ð¤ »ñÚU ×õç¼ý·¤ ÂãUÜé¥ô´
·¤è ©UÂðÿææ ·¤ÚUÌæ ãñUÐ
·¤ÍÙ-II-¥ÙéÂæÌ çßàÜðá‡æ, »‡æÙæˆ×·¤ çßàÜðá‡æ ·¤è °·¤ Ì·¤Ùè·¤ ãUôÌè
ãñUÐ
Assertion-Reasoning Question :-
Note- Read the following statement-Assertion
(A) and Reason (R). Choose one of the correct alternatives given
below :
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is
the correct explanation of Assertion (A).
(b) Both Assertion (A) and Reason (R) are true and Reason (R) is
not the correct explanation of Assertion (A).
(c) Assertion (A) is true but Reason (R) is false.
(d) Assertion (A) is false but Reason (R) is true.
Assertion (A) -Ratio Analysis ignores non-monetary aspects of
transactions of an enterprise.
Reason (R)- Ratio Anaylsis is a technique of quantitative analysis.
17

v{. ·¤æØüàæèÜ Âê¢Áè ·¤æ âê˜æ €Øæ ãñU ?
What is the formula of working capital ?
(a) Cash balance - Bank balance
(b) Current liabilities-Current assets
(c) Current Assets -Current liabilities
(d) None of these
v. Ù·¤Î àæðá- Õñ´·¤ àæðá
w. ¿æÜê Îæç؈ß-¿æÜê âÂçžæ
x. ¿æÜê âÂçžæØæ¡-¿æÜê Îæç؈ß
y. ·¤ô§ü Öè ÙãUè´
v|. Îô Üð¹æ¢·¤Ù ¥æ·¤Ç¸Uô´ ·ð¤ âÕ‹Ï ·ð¤ ×æ ·¤ô Üð¹æ¢·¤Ù ·¤ãUÌð ãñ´UÐ
A mathematical expression of the relationship between two items
shown in the financial statement.
v. ¿æÜê ¥ÙéÂæÌ (Current Ratio) w. Üð¹æ¢·¤Ù ¥ÙéÂæÌ (Accounting
Ratio)
x. ˆØæ» ¥ÙéÂæÌ (Sacrificing Ratio) y. ÌÚUÜ ¥ÙéÂæÌ (Liquid Ratio)
v}. ÚUô·¤Ç¸U ÂýßæãU çßßÚU‡æ ç·¤â Âý·¤æÚU ·¤è çߞæ ØôÁÙæ ·ð¤ ·¤æ× ¥æÌæ ãñU ?
v. ¥Ë·¤æÜèÙ w. Îèƒæü·¤æÜèÙ
x. ׊Ø×·¤æÜèÙ y. ¥çÌ Îèƒæü·¤æÜèÙ

18

Cash flow statement is required for the financial planning of :
(a) Short term (b) Long term
(c) Medium term (d) Very long term
v~. çِ٠×ð´ âð ·¤õÙ-âæ ÚUô·¤Ç¸U ·¤æ ©UÂØô» ÙãUè´ ãñU ?
v. ¥Îžæ ÃØØô´ ×ð´ ßëçh w. ÂêßüΞæ ÃØØô´ ×ð´ ßëçh
x. SÅUæò·¤ ×ð´ ßëçh y. ÂýæŒØ çߘæô´ ×ð´ ßëçh
Which of the following is not the application of cash ?
(a) Increase in outstanding expenses
(b) Increase in prepaid expenses
(c) Increase in Inventory
(d) Increase in bills receivable
w®. ⢿æÜÙ âð ÜæÖ ·¤è »‡æÙæ ·¤ÚUÌð â×Ø ç·¤Ù ×Îô´ ·¤ô àæéh ÜæÖ ×ð´ ÁôǸUæ
ÁæÌæ ãñU Ñ
v. OUæâ w. ØæçÌ ·¤æ ¥ÂÜð¹Ù
x. «¤‡æ˜æô´ ·ð¤ çÙ»ü×Ù ÂÚU ãUæçÙ y. ©UÂÚUô€Ì âÖè
While calculating profit from operation which will be added to net
profit :
(a) Depreciation (b) Good will written off
(c) Loss on Issue of Debentures (d) All of the above

19

Öæ»-¥
Part-A
·¤ÂçÙØô´ ·ð¤ çÜ° Üð¹æ¢·¤Ù
Accounts for Companies
Q.2. â¢ç¿Ì Âê¢Áè âð €Øæ ¥çÖÂýæØ ãñU ?

What is meant by Reserve capital ? (2)
x. àæôŠØ «¤‡æÂ˜æ ·¤æ €Øæ ¥Íü ãñU ?
What is the meaning of Redeemable Debentures ? (2)

y. çِ٠âð ¥æ €Øæ â×ÛæÌð ãñ´U ? What do you mean by ? (3)
v. ÂçÚUßÌüÙàæèÜ «¤‡æ˜æ (Convertible Debentures)
w. ՋϷ¤ «¤‡æ˜æ (Secured Debentures)
x. ßæãU·¤ «¤‡æ˜æ (Bearer Debentures)
z. ÂêßæüçÏ·¤æÚU ¥¢àæ ÌÍæ â×Ìæ ¥¢àæ ×ð´ ¥‹ÌÚU SÂcÅU ·¤ÚUôÐ
Describe the differences between Preference shares and Equity
shares. (3)
¥Íßæ
Or
A çÜç×ÅðUÇU L¤ v® ßæÜð L¤ v®® Âê‡æü Øæç¿Ì, ¥¢àæ çÁÙ ÂÚU X Ùð ¥æßðÎÙ °ß¢
¥æÕ¢ÅUÙ ·ð¤ L¤ z ÂýçÌ ¥¢àæ ·¤æ Öé»ÌæÙ ç·¤Øæ Íæ ·¤ô ÁŽÌ ·¤ÚU çÜØæÐ §Ù

20

âÖè ¥¢àæô´ ·¤ô L¤ ~ ÂýçÌ Âê‡æüÎžæ ¥¢àæô´ ·ð¤ M¤Â ×ð´ z ·¤ô ÂéÙÑ çÙ»üç×Ì ·¤ÚU
çÎØæÐ ¥¢àæô´ ·¤ô ÁŽÌ ·¤ÚUÙð ÌÍæ ÂéÙÑ çÙ»üç×Ì ·¤ÚUÙð ·ð¤ âÕ‹Ï ×ð´ ¥æßàØ·¤
ÚUôÁÙæ׿æ ÂýçßçcÅUØæ¡ ÕÙ槰Ð
A ltd. forfeited 100 shares of rupees 10 each, fully called up on
which Mr. x has paid only application and allotment money of
rupees 5 per share. All of the shares were re-issued to Mr.z
rupees 9 as fully paid up. Pass necessary Journal Entries for forfei-
ture and re-issue.
{. ¥¢àæô´ ·ð¤ ãUÚU‡æ âð €Øæ ¥çÖÂýæØ ãñU ? °·¤ ·¤ÂÙè ·ð¤ ¥¢àæô´ ·¤æ ãUÚU‡æ ·ñ¤âð
ç·¤Øæ ÁæÌæ ãñU ? ÚUôÁÙæ׿æ ÂýçßçcÅØô´ mæÚUæ ÃØæØæ ·¤èçÁ°Ð
Define forfeiture of share. How the shares of a company are
forefeited ? Explain with the help of Journal Entries. (4)
(¥Íßæ)
Or
x çÜç×ÅðUÇU vv L¤ v® ×êËØ ßæÜð x®,®®® â×Ìæ ¥¢àæô´ ·ð¤ çÜ° ¥æßðÎ٠˜æ
¥æ×狘æÌ ·¤ÚUÌè ãñUÐ ÚUæçàæ çِ٠Âý·¤æÚU âð ÎðØ ãñUÑ ¥æßðÎÙ ÂÚU L¤ x, ¥æ¢ÕÅUÙ
ÂÚU L¤ x, ÂýÍ× Øæ¿Ùæ ÂÚU L¤ w, çmÌèØ °ß¢ ¥ç‹Ì× Øæ¿Ùæ ÂÚU L¤ wÐ
âÖè ¥¢àæô´ ·ð¤ çÜ° ¥æßðÎ٠˜æ ÂýæŒÌ ãUô »° ¥õÚU ¥æÕ¢ÅUÙ ÌÍæ Øæ¿Ùæ¥ô´
ÂÚU âÖè ÚUæçàæØæ¡ ÂýæŒÌ ãUô »§ZÐ X çÜç×ÅðUÇU ·¤è ÚUôÁÙæ׿æ ÂýçßçcÅUØæ¡
·¤èçÁ°Ð
X Ltd. invited application for 30,000 equity shares of Rs.10 each.

21

Money is payable as follows : Rs. 3 on application, Rs. 3 on allot-
ment, Rs. 2 on Firstcall and Rs. 2 on second and final call.
All the shares applied and all sums due on allotment and calls have
been received. You are required to prepare Journal Entries of X Ltd.
Part-B
Öæ»-Õ
çߞæèØ çßßÚU‡æô´ ·¤æ çßàÜðá‡æ
Analysis of Financial Statement
|. ç·¤‹ãUè´ Îô çߞæèØ çßßÚU‡æô´ ·ð¤ Ùæ× çÜç¹°Ð
Write the names of any two financial statement. (2)
}. ¥æ çِÙçÜç¹Ì ×Îô´ ·¤ô çSÍçÌ çßßÚU‡æ ·ð¤ ç·¤â àæèáü·¤ ¥õÚU Âÿæ ·ð¤
¥‹Ì»üÌ çι氢»ð ?
v. ÂýæŒØ çߘæ w. ÂðÅð´UÅU
x. ÂêßüΞæ ÃØØ y. çßçßÏ ÜðÙÎæÚU
Under what headings and on which side of the Balance sheet will
you show the following items ? (2)
(a) Bills Receivable (b) Patents
(c) Prepaid Expenses (d) Sundry creditors
~. ÌéÜÙæˆ×·¤ çSÍçÌ-çßßÚU‡æ €Øæ ãUôÌæ ãñU ?
What is Comparative Financial Statement ? 2
¥Íßæ
Or

22

àæèƒæý ¥ÙéÂæÌ vÑzÑv ãñUÐ ¿æÜê âÂçžæØæ¡ L¤ v,®®, ®®® ÌÍæ ¿æÜê Îæç؈ß
L¤. y®,®®® ãUô´ Ìô SÅUæò·¤ ·¤æ ×êËØ ™ææÌ ·¤ÚUôÐ
Quick Ratio 1 : 5: 1, current assets 1,00,000 current liabilities Rs.
40,000. Calculate the value of stock.
v®. çߞæèØ çßßÚU‡æô´ ·¤è ÌéÜÙæ âð €Øæ ¥çÖÂýæØ ãñU ? §â·ð¤ ×éØ Îô ©UÎ÷ðàØô´ ·¤æ
߇æüÙ ·¤ÚÔ´UÐ
What is comparison of financial statements ? Explain its two main
objectives. 3
vv. ¥ÙéÂæÌ çßàÜðá‡æ ·ð¤ ÜæÖô´ ·¤æ ߇æüÙ ·¤ÚÔ´UÐ
Explain advantages of Ratio Analysis. 3
¥Íßæ
Or
çِ٠âê¿Ùæ¥ô´ âð â·¤Ü ÜæÖ ¥ÙéÂæÌ ™ææÌ ·¤èçÁØðÐ
çß·ý¤Ø L¤. y,®®,®®®; â·¤Ü ÜæÖ Üæ»Ì ÂÚU wz%
Compute the gross profit ratio from the following information :-
Sales Rs. 4,00,000, gross Profit 25% on cost.
vw. ÚUô·¤Ç¸U ÂýßæãU çßßÚU‡æ €Øæ ãñU ? ÚUô·¤Ç¸U ÂýßæãU çßßÚU‡æ ·¤è âè×æØð´ ÕÌæ§ØðÐ
What is Cash Flow statement ? Explain the limitations of Cash Flow
statement (CFS) 4
¥Íßæ (Or)
çِ٠¥æ¢·¤Ç¸Uô´ ·ð¤ ⢿æÜÙ ç·ý¤Øæ¥ô´ âð ÚUô·¤Ç¸U ÂýæçŒÌ ·¤è »‡æÙæ ·¤èçÁØð Ñ-

23

From the following figures calculate the cash flow from operating
activities.
As on 31st March
Particulars 2014 (Rs.) 2015(Rs.)
Balance of statement of profit & loss 5,000 4,000
(ÜæÖ-ãUæçÙ çßßÚU‡æ ·¤æ àæðá)
Balance of Bills Receivable 7,000 6,000
(ÂýæŒØ çߘæô´ ·¤æ àæðá)
General Reserve 10,000 12,000
(âæ×æ‹Ø ⢿Ø)
Outstanding Rent 2,000 1,500
(¥Îžæ ç·¤ÚæØæ)
Prepaid Salaries 500 600
(¥ç»ý× ÎðØ ßðÌÙ)
Goodwill 8,000 6,000
(ØæçÌ)
Development Rebate Reserve 15,000 20,000
(çß·¤æâ ÀêUÅU ⢿Ø)
Balance of Debtors 8,000 7500
(ÎðÙÎæÚUô´ ·¤æ àæðá)

24