TN 12th Question Paper 2025 Accountancy

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8357
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!8357Accountancy!
PART - III
PnUS¨£v¯À / ACCOUNTANCY
( uªÌ ©ØÖ® B[Q» ÁÈ / Tamil & English Version )

Põ» AÍÄ : 3.00 ©o ÷|µ® ] [ ö©õzu ©v¨ö£sPÒ : 90
Time Allowed : 3.00 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 |õßS ©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 four alternatives and write
the option code and the corresponding answer.

[ v¸¨¦P / Turn over

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1. ö£õ¸¢uõu JßøÓ ÷uº¢öukUPÄ®.
(A) ©Ö©v¨¥mk C»õ£®
(B) •u½mk ©õÖ£k® {v
(C) ¦v¯ TmhõÎ öPõsk Á¢u |Øö£¯º
(D) £Qº¢uÎUP¨£hõu |mh®
Select the odd one out.
(a) Revaluation Profit
(b) Investment fluctuation fund
(c) Goodwill brought by new partner
(d) Accumulated Loss

2. TmhõÎPÎhª¸¢x {ÖÁÚ® PhßPÒ ö£ØÔ¸¢uõÀ, AUPhßPÐUS C¢v¯
Tmhõsø©a \mh®, 1932 &ß £i ÁÇ[P¨£k® Ámi Ãu® :
(A) BskUS 6% (B) BskUS 12%
(C) BskUS 8% (D) BskUS 5%
As per the Indian Partnership Act, 1932, the rate of interest allowed on loans advanced by
Partners is :
(a) 6% per annum (b) 12% per annum
(c) 8% per annum (d) 5% per annum

3. PhÚõÎPÒ CÖv C¸¨¦ ` 20,000, ö£ØÓ öµõUP® ` 1,40,000, Phß ÂØ£øÚ
` 1,20,000. PhÚõÎPÒ öuõhUP C¸¨¦ :
(A) ` 20,000 (B) ` 30,000 (C) ` 40,000 (D) ` 1,30,000
Closing balance of debtors ` 20,000, Cash received ` 1,40,000, Credit sales ` 1,20,000
Opening balance of debtors :
(a) ` 20,000 (b) ` 30,000 (c) ` 40,000 (d) ` 1,30,000

4. A, B ©ØÖ® C GßÓ TmhõÎPÒ 4 : 2 : 3 GßÓ ÂQuzvÀ C»õ£ |mhzøu £Qº¢x
Á¢uÚº. uØ÷£õx C »SQÓõº. A ©ØÖ® B &°ß ¦v¯ C»õ£¨ £QºÄ ÂQu® :
(A) 3 : 4 (B) 2 : 1 (C) 4 : 3 (D) 1 : 2
A, B and C are partners sharing profits in the ratio of 4 : 2 : 3. C retires. The new profit
sharing ratio between A and B will be :
(a) 3:4 (b) 2:1 (c) 4:3 (d) 1:2

A

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5. ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´ ` 4,00,000, ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´UPõÚ
AhUPÂø» ` 1,50,000, {ºÁõPa ö\»ÄPÒ ` 50,000 , ÂØ£øÚa ö\»ÄPÒ
` 8,500 GÛÀ, {Pµ C»õ£® :
(A) ` 1,91,500 (B) ` 4,00,000 (C) ` 2,00,000 (D) ` 1,50,000
Revenue from operations ` 4,00,000, Cost of revenue from operations ` 1,50,000
Administration expenses ` 50,000 and Selling expenses ` 8,500. The Net Profit is :
(a) ` 1,91,500 (b) ` 4,00,000 (c) ` 2,00,000 (d) ` 1,50,000

6. Gvº¨£vÄ \õßÓõÁn® GuØPõP¨ £¯ß£kzu¨£kQÓx ?
(A) ö\õzxPÒ PhÝUS Áõ[Q¯x
(B) uø»ø©¨ £vÄ
(C) A¾Á»P £¯ß£õmiØPõP Á[Q°À C¸¢x Gkzu öµõUP®
(D) AÔUøPPÒ
Contra Voucher is used for :
(a) Credit purchase of assets
(b) Master entry
(c) Withdrawal of cash from bank for office use
(d) Reports

7. ö\õzxPøÍ Áõ[Q £[SPÒ öÁΰk® ÷£õx, ÁµÄ øÁUP¨£k® PnUS :
(A) ÂØ£øÚ¯õͺ P/S (B) £Ø£» ö\õzxPÒ P/S
(C) £[S •uÀ P/S (D) Á[Q P/S
When shares are issued for purchase of assets, the amount should be credited to :
(a) Vendor’s A/c (b) Sundry Assets A/c
(c) Share Capital A/c (d) Bank A/c

8. »S® TmhõÎUS›¯ wºÄzöuõøP EhÚi¯õP ö\¾zuõu ÷£õx, Ax
©õØÓ¨£k® PnUS :
(A) »S® Tmhõ롧 Phß P/S
(B) Á[Q P/S
(C) ¤Ó TmhõÎPÎß •uÀ P/S
(D) »S® Tmhõ롧 •uÀ P/S
If the final amount due to a retiring partner is not paid immediately, it is transferred to :
(a) Retiring Partner’s Loan A/c
(b) Bank A/c
(c) Other Partner’s Capital A/c
(d) Retiring Partner’s Capital A/c

A [ v¸¨¦P / Turn over

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9. J÷µ ÁøP {ÖÁÚ[PÎß \µõ\› C»õ£ ÂQu©õP P¸u¨£kÁx :
(A) \õuõµn C»õ£ ÂQu® (B) Gvº÷|õUS® C»õ£ ÂQu®
(C) \µõ\› C»õ£® (D) CøÁPÎÀ HxªÀø»
The average Rate of Return of similar concern is considered as :
(a) Normal Rate of Return (b) Expected Rate of Return
(c) Average Profit (d) None of these

10. Tally &À Gx •ßTmi÷¯ Áøµ¯ÖUP¨£hõu SÊ ?
(A) ÂØ£øÚ P/S (B) AÚõ©zx P/S
(C) •u½kPÒ P/S (D) öPõk£h ÷Ási¯ ö\»Ä P/S
Which is not the default group in Tally ?
(a) Sales Account (b) Suspense Account
(c) Investments Account (d) Outstanding Expenses Account

11. £mi¯À JßøÓ, £mi¯À Cµskhß ö£õ¸zv öPõkUP¨£mkÒÍ
SÔ±møh¨ £¯ß£kzv \›¯õÚ Âøhø¯z ÷uº¢öukUPÄ®.
£mi¯À & I £mi¯À & II
(1) |h¨¦ ÂQu® (i) }ºø©z ußø©
(2) {Pµ C»õ£ ÂQu® (ii) ö\¯ÀvÓß
(3) ¦Ó AP ö£õÖ¨¦PÒ ÂQu® (iii) }shPõ» Phß wºUS® vÓß
(4) \µUQ¸¨¦ _ÇØ] ÂQu® (iv) C»õ£z ußø©
(A) (1) - (iv), (2) - (iii), (3) - (ii), (4) - (i)
(B) (1) - (i), (2) - (iv), (3) - (iii), (4) - (ii)
(C) (1) - (i), (2) - (ii), (3) - (iii), (4) - (iv)
(D) (1) - (iii), (2) - (ii), (3) - (iv), (4) - (i)
Match List-I with List-II and select the correct answer using the codes given below.
List-I List-II
(1) Current Ratio (i) Liquidity
(2) Net Profit Ratio (ii) Efficiency
(3) Debt-Equity Ratio (iii) Long-term Solvency
(4) Inventory Turnover Ratio (iv) Profitability
(a) (1)-(iv), (2)-(iii), (3)-(ii), (4)-(i)
(b) (1)-(i), (2)-(iv), (3)-(iii), (4)-(ii)
(c) (1)-(i), (2)-(ii), (3)-(iii), (4)-(iv)
(d) (1)-(iii), (2)-(ii), (3)-(iv), (4)-(i)

A

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12. JÖ¨¤Ç¨¦ ö\´²® ÷£õx £[S •uÀ PnUS GvÀ £ØÖ øÁUP¨£kQÓx ?
(A) AøÇUP¨£mh öuõøP (B) •P©v¨¦
(C) ö\¾zu¨£mh öuõøP (D) ö£¯µÍÄ ©v¨¦
At the time of forfeiture, share capital account is debited with :
(a) Called up amount (b) Face value
(c) Paid up amount (d) Nominal value

13. ö£õ¸¢uõu JßøÓ öu›Ä ö\´P.
(A) •uÀ «x Ámi & ¤›Ä 13(C)
(B) TmhõÎPÎß Fv¯® & ¤›Ä 13(A)
(C) Gk¨¦ «x Ámi & ¤›Ä 13(D)
(D) C»õ£¨ £QºÄ ÂQu® & ¤›Ä 13(B)
Choose the incorrect pair.
(a) Interest on Capital - Sec 13(c)
(b) Remuneration to Partners - Sec 13(a)
(c) Interest on Drawings - Sec 13(d)
(d) Profit Sharing Ratio - Sec 13(b)

14. Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUS J¸ :
(A) ¤µv{vzxÁ BÒ\õº PnUS
(B) ö\õzx PnUS
(C) BÒ\õº PnUS
(D) ö£¯µÍÄU PnUS
Income and Expenditure account is a :
(a) Representative Personal A/c
(b) Real A/c
(c) Personal A/c
(d) Nominal A/c

A [ v¸¨¦P / Turn over

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15. ö£õÖ¨¦PøÍU Põmi¾® ªSv¯õP EÒÍ ö\õzxPÒ :

(A) |mh® (B) öµõUP® (C) C»õ£® (D) •uÀ
The excess of Assets over Liabilities is :

(a) Loss (b) Cash (c) Profit (d) Capital

16. ¤ßÁ¸ÁÚÁØÔÀ Gx {v Kmh¨ £S¨£õ´Âß £¯ß£õk AÀ» ?

(A) {ÖÁÚzvß {v°¯À vmhªkuÀ

(B) {ÖÁÚzvß }ºø©z ußø© ©ØÖ® Phß wºUS® vÓß

(C) {ÖÁÚzvß {vzvmh £mi¯À u¯õ›zuÀ

(D) {ÖÁÚzvß Phß ö£Ö® ußø©ø¯ ©v¨¤kÁx
Which one of the following is not a function of Fund Flow analysis ?

(a) financial planning of a business concern

(b) liquidity and solvency of a business concern

(c) preparation of budgets of a business concern

(d) credit worthiness of a business concern

17. TmhõÎ ÷\º¨¤ß ÷£õx ¦v¯ TmhõÎ |Øö£¯¸UPõP öPõsk Á¸® öuõøP,
¯õ¸øh¯ •uÀ PnUQÀ ÁµÄ øÁUP¨£h ÷Ásk® ?

(A) ¦v¯ TmhõÎ (B) £øǯ TmhõÎPÒ

(C) v¯õP® ö\´u TmhõÎPÒ (D) AøÚzx TmhõÎPÒ
At the time of admission, the Goodwill brought by the new partner may be credited to the
Capital accounts of whom ?

(a) The new partner (b) The old partners

(c) The Sacrificing partners (d) All the partners

A

7 8357

18. RÌÁ¸ÁÚÁØÔÀ Gx \›¯õÚx ?
(A) E¯º C»õ£®=\µõ\› C»õ£®−\õuõµn C»õ£®
(B) E¯º C»õ£®=ö©õzu C»õ£®/BskPÎß GsoUøP
(C) E¯º C»õ£®=\µõ\› C»õ£®×öPõÒ•uÀ BskPÒ
(D) E¯º C»õ£®=Tmk C»õ£®/BskPÎß GsoUøP
Which of the following is true ?
(a) Super Profit=Average Profit−Normal Profit.
(b) Super Profit=Total Profit/Number of years.
(c) Super Profit=Average Profit×Years of Purchase.
(d) Super Profit=Weighted Profit/Number of years.

19. ¤ßÁ¸ÁÚÁØÔÀ Gx {v{ø»¨ £S¨£õ´Âß J¸ P¸Â AÀ» ?
(A) ÷£õUS¨ £S¨£õ´Ä
(B) {ºn°UP¨£mh AhUPÂø»°¯À
(C) J¨¥mk AÔUøP
(D) ö£õx AÍÄ AÔUøP
Which of the following is not a tool of Financial Statement analysis ?
(a) Trend analysis
(b) Standard costing
(c) Comparative statement
(d) Common size statement

20. J¸ ©ßÓzvÀ EÒÍ 500 EÖ¨¤ÚºPÒ, Bsk \¢uõÁõP u»õ ` 100 ö\¾zxQßÓÚº.
|h¨£õsiÀ Ti²ÒÍ \¢uõ CßÝ® ö£Ó¨£hõux ` 200; •ßTmi¨ ö£ØÓ \¢uõ
` 300 , Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUQÀ Põmh¨£h ÷Ási¯ \¢uõ
öuõøP°øÚU PshԯĮ.
(A) ` 49,900 (B) ` 50,000 (C) ` 49,800 (D) ` 50,200
There are 500 members in a Club each paying ` 100 as Annual Subscription. Subscription
due but not received for the Current year is ` 200; Subscription received in advance is ` 300.
Find out the amount of Subscription to be shown in the Income and Expenditure account.
(a) ` 49,900 (b) ` 50,000 (c) ` 49,800 (d) ` 50,200

A [ v¸¨¦P / Turn over

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£Sv & II / PART - II
SÔ¨¦ : GøÁ÷¯Ý® HÊ ÂÚõUPÐUS Âøh¯ÎUPÄ®. ÂÚõ Gs 30 &US
Pmhõ¯©õP Âøh¯ÎUPÄ®. 7x2=14
Note : Answer any seven questions. Question No. 30 is compulsory.

21. ¤ßÁ¸® ÂÁµ[Pμ¸¢x Âk£mh uPÁø»U PõnÄ®.
ÂÁµ[PÒ `
2023 H¨µÀ 1 AßÖ •uÀ 40,000
2024 ©õºa 31 AßÖ •uÀ 50,000
AÆÁõsiÀ öPõskÁ¢u TkuÀ •uÀ 7,000
AÆÁõsiß C»õ£® 8,000
AÆÁõsiß Gk¨¦PÒ ?
From the following details, calculate the missing figure.
Particulars `
Capital as on 1st April 2023 40,000
Capital as on 31st March 2024 50,000
Additional Capital introduced during the year 7,000
Profit for the year 8,000
Drawings during the year ?

22. Tmhõsø© J¨£õÁn® GßÓõÀ GßÚ ?
What is a Partnership Deed ?

23. {v{ø» AÔUøPPÒ ¯õøÁ ?
What are Financial Statements ?

24. ¤ßÁ¸® ÂÁµ[Pμ¸¢x ö©õzu C»õ£ ÂQu® PnUQhÄ®.
ÂØ£øÚ°¼¸¢x ö£ØÓ Á¸Áõ´ ` 2,00,000
ÂØ£øÚ°¼¸¢x ö£ØÓ Á¸Áõ´UPõÚ AhUP Âø» ` 1,60,000
öPõÒ•uÀ ` 1,25,000
Calculate Gross Profit ratio from the following :
Revenue from operations ` 2,00,000
Cost of Revenue from operations ` 1,60,000
Purchases ` 1,25,000

A

9 8357

25. PnUQ¯À AÔUøPPÒ GßÓõÀ GßÚ ?
What are Accounting Reports ?

26. Áõ[P¨£mh |Øö£¯º GßÓõÀ GßÚ ?
What is acquired Goodwill ?

27. BÚ¢z ©ØÖ® _©ß GßÓ TmhõÎPÒ, C»õ£ |mh[PøÍ 3 : 2 GßÓ ÂQuzvÀ
£Qº¢x Á¸QßÓÚº. AÁºPÒ \µs GߣÁøµ 1/5 £[QØS TmhõίõPa
÷\ºzuÚº. AÁº A¨£[S •ÊÁøu²® BÚ¢zvhª¸¢x ö£ØÖU öPõshõº.
¦v¯ C»õ£ £QºÄ ÂQu® ©ØÖ® v¯õP ÂQuzøu PnUQhÄ®.
Ananth and Suman are partners sharing profits and losses in the ratio of 3 : 2. They admit
Saran for 1/5 share, which he acquires entirely from Ananth. Find out the new Profit Sharing
ratio and Sacrificing ratio.

28. TmhõΠ»PÀ GßÓõÀ GßÚ ?
What is meant by retirement of a partner ?

29. ªøP J¨£® GßÓõÀ GßÚ ?
What is Over Subscription ?

30. C»õ£ ÷|õUPØÓ Aø©¨¤À öµõUP® \õµõ |hÁiUøPPÐUS 2 GkzxUPõmkPÒ
u¸P.
Give two examples for Non cash items of Not-for-Profit organisation.

£Sv & III / PART - III
SÔ¨¦ : GøÁ÷¯Ý® HÊ ÂÚõUPÐUS Âøh¯ÎUPÄ®. ÂÚõ Gs 40 &US
Pmhõ¯©õP Âøh¯ÎUPÄ®. 7x3=21
Note : Answer any seven questions. Question No. 40 is compulsory.

31. •Êø©ö£Óõ £v÷ÁkPÎß SøÓ£õkPÒ ¯õøÁ ?
What are the limitations of incomplete records ?

A [ v¸¨¦P / Turn over

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32. PõøµUSi Âøͯõmk ©ßÓzvß 2024 ©õºa 31 B® |õ÷Íõk •iÁøh²®
BsiØS›¯ CÖv PnUSPÎÀ ¤ßÁ¸ÁÚ GÆÁõÖ ÷uõßÖ® GÚU PõmhÄ®.

ÂÁµ® `
2023 H¨µÀ 1 AßÖ öuõhº Âøͯõmk¨ ÷£õmi {v 90,000
2023 H¨µÀ 1 AßÖ öuõhº Âøͯõmk¨ ÷£õmi {v •u½k 90,000

öuõhº Âøͯõmk¨ ÷£õmi {v •u½k «uõÚ Ámi ö£ØÓx 9,000

öuõhº Âøͯõmk¨ ÷£õmi {vUPõÚ |ßöPõøh 10,000

öuõhº Âøͯõmk¨ ÷£õmi ö\»ÄPÒ 60,000

How will the following appear in the Final accounts of Karaikudi Sports Club for the year
ending 31st March 2024 ?

Particulars `
Tournament fund on 1st April 2023 90,000
Tournament fund investment on 1 st April 2023 90,000
Interest received on tournament fund investment 9,000
Donation to tournament fund 10,000
Tournament expenses 60,000

33. áõß GߣÁº J¸ Tmhõsø© {ÖÁÚzvß TmhõÎ, Tmhõsø©
J¨£õÁnzvߣi Gk¨¦PÒ «x Ámi 12% BsiØS PnUQh¨£kQÓx.
2023 i\®£º 31 &B® |õ÷Íõk •iÁøh²® BsiÀ AÁ¸øh¯ Gk¨¦PÒ
¤ßÁ¸©õÖ :

|õÒ `

©õºa 1 6,000

áüß 1 4,000

ö\¨h®£º 1 5,000

i\®£º 1 2,000

ö£¸USz öuõøP •øÓø¯¨ £¯ß£kzv Gk¨¦PÒ «uõÚ Ámi PnUQhÄ®.
A

11 8357

John is a partner in a Partnership firm. As per the Partnership Deed, interest on drawings is
charged @ 12% p.a. During the year ended 31st Dec. 2023, he drew as follows.
Date `
March 1 6,000
June 1 4,000
September 1 5,000
December 1 2,000
Calculate the amount of interest on drawings by using Product method.

34. ¤ßÁ¸® ÂÁµ[Pμ¸¢x, Ph¢u 4 BskPÒ \µõ\› C»õ£zvÀ 3 BskPÒ
öPõÒ•uÀ GßÓ Ai¨£øh°À |Øö£¯º ©v¨ø£U PnUQhÄ®.

Bsk •iÄ öuõøP
2020 C»õ£® 5,000
2021 C»õ£® 8,000
2022 C»õ£® 6,000
2023 |mh® 3,000

From the following information, calculate the value of Goodwill on the basis of 3 years purchase
of average profits of last four years.
Year Result Amount
2020 Profit 5,000
2021 Profit 8,000
2022 Profit 6,000
2023 Loss 3,000

35. P¯ÀÂÈ, ©õßÂÈ ©ØÖ® SǼ BQ¯ TmhõÎPÒ C»õ£&|mh[PøÍ 5 : 3 : 2
GßÓ ÂQuzvÀ £Qº¢x Á¸QßÓÚº. 2023 H¨µÀ 1 AßÖ Áõß©v ¦v¯
TmhõίõPa ÷\ºzu¤ß AÁºPÎß C»õ£ ÂQu® 4 : 3 : 2 : 1 GÚ •iÄ
ö\´¯¨£mhx. ¤ßÁ¸® \›PmkuÀPÒ ö\´¯¨£h ÷Ásk®.
(A) ÁÍõPzvß ©v¨¦ ` 60,000 AvP›UP¨£mhx
(B) \µUQ¸¨¦ «x ` 5,000, AøÓP»ß «x ` 2,000, C¯¢vµ® «x ` 2,500 ÷u´©õÚ®
}UP¨£h ÷Ásk®
(C) öPõk£h ÷Ási¯ ö£õÖ¨¦ ` 1,000 E¸ÁõUP¨£h ÷Ásk®
SÔ¨÷£mk¨ £vÄPÒ u¸P.

A [ v¸¨¦P / Turn over

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Kayalvizhi, Maanvizhi and Kuzhali are partners, sharing profits and losses in the ratio of
5 : 3 : 2. As from 1st April 2023, Vanmathi is admitted into the Partnership and the new
profit sharing ratio is decided as 4 : 3 : 2 : 1. The following adjustments are to be made.
(a) Increase the value of Premises by ` 60,000.
(b) Depreciate stock by ` 5,000, furniture by ` 2,000 and machinery by ` 2,500.
(c) Provide for an outstanding liability of ` 1,000.
Pass Journal entries.

36. v¯õP ÂQuzvØS® Buõ¯ ÂQuzvØS® Cøh÷¯ EÒÍ ÷ÁÖ£õkPÒ ¯õøÁ ?
Distinguish between Sacrificing ratio and Gaining ratio.

37. {÷Áuõ Áøµ¯Ö {Ö©® ` 10 ©v¨¤»õÚ ` 8 AøÇUP¨£mh 100 £[SPøÍ
JÖ¨¤Ç¨¦ ö\´ux. CvÀ ©³› £[S JßÖUS ` 6 Âsn¨£® ©ØÖ®
JxURmiØPõÚ öuõøP°øÚa ö\¾zv C¸¢uõº. AÁØÔÀ 75 £[SPÒ £[S
JßÔØS ` 7 ö£ØÖUöPõsk ` 8 Ãu® ö\¾zu¨£mh £[SPÍõP ö\ͪ¯õ
GߣÁ¸US ©ÖöÁαk ö\´¯¨£mhx. JÖ¨¤Ç¨¦ ©ØÖ® ©ÖöÁαmiØPõÚ
SÔ¨÷£mk¨ £vÄPøÍz uµÄ®.
Nivetha Ltd., forfeited 100 shares of ` 10 each, ` 8 called up, on which Mayuri had paid
application and allotment money of ` 6 per share. Of these, 75 shares were re-issued to
Sowmiya by receiving ` 7 per share paid up as ` 8 per share.
Pass Journal entries for Forfeiture and Re-issue.

38. £µo {Ö©zvß ¤ßÁ¸® uPÁÀPμ¸¢x, J¨¥mk Á¸©õÚ AÔUøPø¯z
u¯õ›UPÄ®.

2022 - 23 2023 - 24
ÂÁµ®
` `
ÂØ£øÚ ‰»® ö£ØÓ Á¸Áõ´ 30,000 45,000
Cuµ Á¸©õÚ® 4,000 6,000
ö\»ÄPÒ 10,000 15,000
Á¸©õÚ Á› 30% 30%

From the following particulars, prepare comparative Income Statement of Barani Ltd.
2022 - 23 2023 - 24
Particulars
` `
Revenue from Operations 30,000 45,000
Other Income 4,000 6,000
Expenses 10,000 15,000
Income Tax 30% 30%

A

13 8357

39. RÌPsh uPÁÀPμ¸¢x |h¨¦ ÂQuzøuU PnUQhÄ®.

ÂÁµ® `

SÖQ¯ Põ» •u½kPÒ 40,000

\µUQ¸¨¦ 2,00,000

ÁoPzvß PhÚõÎPÒ 1,20,000

ö£ÖuØS›¯ ©õØÖa^mkPÒ 80,000

öµõUP® ©ØÖ® öµõUPzvØSa
\©©õÚøÁPÒ 10,000
{ø»a ö\õzxPÒ 5,00,000

ÁoPzvß PhÜ¢÷uõº 80,000

ö\¾zuØS›¯ ©õØÖa ^mkPÒ 50,000

öPõk£h ÷Ási¯ ö\»ÄPÒ 20,000

}shPõ» ö£õÖ¨¦PÒ 3,00,000

Calculate the current ratio from the following information.

Particulars `
Current Investments 40,000
Inventories 2,00,000
Trade Debtors 1,20,000
Bills Receivable 80,000
Cash and Cash equivalents 10,000
Fixed Assets 5,00,000
Trade Creditors 80,000
Bills Payable 50,000
Expenses Payable 20,000
Non-Current Liability 3,00,000

40. Tally.ERP 9 &À C»õ£ |mhU PnUøP GÆÁõÖ £õºøÁ°kÁx Gߣøu ÂÍUPÄ®.

Explain how to view Profit and Loss statement in Tally.ERP 9

A [ v¸¨¦P / Turn over

8357 14

£Sv & IV / PART - IV
SÔ¨¦ : AøÚzx ÂÚõUPÐUS® Âøh¯ÎUPÄ®.
7x5=35
Note : Answer all the questions.
41. (A) ÷hÂm •øÓ¯õÚ PnU÷PkPøͨ £µõ©›UPÂÀø». AÁ¸øh¯
HkPμ¸¢x uµ¨£mkÒÍ ÂÁµ[PÒ ¤ßÁ¸©õÖ :

1.4.2023 31.3.2024
ÂÁµ® ` `
öµõUP® 43,000 29,000
\µUQ¸¨¦ 1,20,000 1,30,000
£Ø£» PhÚõÎPÒ 84,000 1,10,000
£Ø£» PhÜ¢÷uõº 1,05,000 1,02,000
Phß 25,000 20,000
ÁoP ÁÍõP® 2,50,000 2,50,000
AøÓP»ß 33,000 45,000

AÆÁõsiÀ AÁº TkuÀ •u»õP ` 45,000 öPõsk Á¢uõº. ußÝøh¯
¯õ£õµzv¼¸¢x ö\õ¢u £¯ÝUPõP ` 2,500 JÆöÁõ¸ ©õu•® GkzxU
öPõshõº. ÷©ØPsh ÂÁµ[Pμ¸¢x C»õ£&|mh AÔUøPø¯ u¯õº
ö\´¯Ä®.
AÀ»x
(B) ÷©› ußÝøh¯ HkPøÍ Cµmøh¨£vÄ •øÓ°À £µõ©›¨£vÀø».
¤ßÁ¸® ÂÁµ[Pμ¸¢x 2023 ©õºa 31 B® |õ÷Íõk •iÁøh²®
BsiØS›¯ ¯õ£õµ ©ØÖ® C»õ£&|mh PnUS ©ØÖ® A¢|õøͯ
C¸¨¦{ø»U SÔ¨¦ u¯õ›UPÄ®.

£ öµõUP Hk Á
ÂÁµ® ` ÂÁµ® `

C¸¨¦ R/öPõ 1,20,000 öPõÒ•uÀ 1,50,000

ÂØ£øÚ 3,60,000 PhÜ¢÷uõº 2,50,000

PhÚõÎPÒ 3,40,000 T¼ 70,000

£Ø£» ö\»ÄPÒ 1,27,000

C¸¨¦ R/C 2,23,000
8,20,000 8,20,000

A

15 8357

¤Ó uPÁÀPÒ :

ÂÁµ® 1.4.2022 31.3.2023

\µUQ¸¨¦ 1,10,000 1,80,000

£Ø£» PhÚõÎPÒ 1,30,000 ?

£Ø£» PhÜ¢÷uõº 1,60,000 90,000

AøÓP»Ý®, ö£õ¸zxøPPЮ 80,000 80,000

TkuÀ uPÁÀPÒ :
`

Phß öPõÒ•uÀ 1,80,000

Phß ÂØ£øÚ 2,90,000

öuõhUP •uÀ 2,80,000

AøÓP»ß ©ØÖ® ö£õ¸zxøPPÒ «x BskUS 10% ÷u´©õÚ® }UPÄ®.

(a) David does not keep proper books of accounts. Following details are given from his
records.

1.4.2023 31.3.2024
Particulars
` `
Cash 43,000 29,000
Stock of Goods 1,20,000 1,30,000
Sundry Debtors 84,000 1,10,000
Sundry Creditors 1,05,000 1,02,000
Loan 25,000 20,000
Business Premises 2,50,000 2,50,000
Furniture 33,000 45,000

During the year he introduced further Capital of ` 45,000 and withdrew ` 2,500 per
month from the business for his personal use. Prepare statement of Profit or Loss with
the above information.
OR

(b) Mary does not keep her books under double entry system. From the following details
prepare Trading and Profit and Loss account for the year ending 31st March 2023 and
a Balance Sheet as on that date.

A [ v¸¨¦P / Turn over

8357 16

Dr Cash Book Cr
Particulars ` Particulars `
To Balance b/d 1,20,000 By Purchases 1,50,000
To Sales 3,60,000 By Creditors 2,50,000
To Debtors 3,40,000 By Wages 70,000
By Sundry Expenses 1,27,000
By Balance c/d 2,23,000
8,20,000 8,20,000
Other information :
st st
Particulars 1 April 2022 31 March 2023
Stock of Goods 1,10,000 1,80,000
Sundry Debtors 1,30,000 ?
Sundry Creditors 1,60,000 90,000
Furniture and Fittings 80,000 80,000
Additional Information :
`
Credit Purchases 1,80,000
Credit Sales 2,90,000
Opening Capital 2,80,000
Depreciate Furniture and Fittings by 10% p.a.

42. (A) RÌPõq® öußPõ] v¸ÁÒÐÁº ©ßÓzvß ö£ÖuÀPÒ ©ØÖ® ö\¾zxuÀPÒ
PnUQ¼¸¢x 2022 ©õºa 31 B® |õ÷Íõk •iÁøh²® BskUS›¯
Á¸Áõ´ ©ØÖ® ö\»ÂÚU PnUøPz u¯õº ö\´¯Ä®.

ö£ÖuÀPÒ ` ö\¾zxuÀPÒ `
öuõhUP C¸¨¦
øP öµõUP® 14,000 \®£Í® 20,000

Ámi ö£ØÓx 5,000 ÁõhøP 24,000

\¢uõ 55,000 £¯na ö\»ÄPÒ 2,000

E°ÀöPõøh 48,000 Aa_ ©ØÖ® GÊxö£õ¸Ò 6,000

~øÇÄ Pmhn® 7,000 •u½kPÒ ö\´ux 50,000

AøÓP»ß ÂØÓx 16,000 Âøͯõmk E£Pµn[PÒ Áõ[Q¯x 33,000

(Hmk ©v¨¦ ` 17,000) C¸¨¦ R/C
øP öµõUP® 10,000
1,45,000 1,45,000
AÀ»x
A

17 8357

(B) ¤ßÁ¸® ©»º {Ö©zvß 2021 ©õºa 31 ©ØÖ® 2022 ©õºa 31 B® |õøͯ
J¨¥mk C¸¨¦{ø»U SÔ¨¤øÚz u¯õº ö\´¯Ä®.
ÂÁµ® 2021 ©õºa 31 2022 ©õºa 31
I. £[S ‰»uÚ® ©ØÖ® ö£õÖ¨¦PÒ ` `
1. £[Suõµº {v
(A) £[S •uÀ 2,00,000 2,50,000
(B) Põ¨¦® ªSv²® 50,000 50,000
2. }sh Põ»¨ ö£õÖ¨¦PÒ
}sh Põ»U PhßPÒ 30,000 60,000
3. |h¨¦¨ ö£õÖ¨¦PÒ
PnUSPÒ ‰»® ö\¾zu
÷Ási¯øÁPÒ 20,000 60,000
ö©õzu® 3,00,000 4,20,000
II. ö\õzxPÒ
1. }sh Põ»a ö\õzxPÒ
(A) {ø»a ö\õzxPÒ 1,00,000 1,50,000
(B) }sh Põ» •u½kPÒ 50,000 75,000
2. |h¨¦a ö\õzxPÒ
\µUQ¸¨¦ 75,000 1,50,000

öµõUP® ©ØÖ® öµõUPzvØS
\©©õÚøÁPÒ 75,000 45,000
ö©õzu® 3,00,000 4,20,000

(a) From the following Receipts and Payments account of Tenkasi Thiruvalluvar Manram,
prepare Income and Expenditure account for the year ended 31st March 2022.
Receipts ` Payments `
To Balance b/d
Cash in hand 14,000 By Salaries 20,000
To Interest received 5,000 By Rent 24,000
To Subscription 55,000 By Travelling Expenses 2,000
To Legacies 48,000 By Printing and Stationery 6,000
To Entrance Fees 7,000 By Investments made 50,000
To Sale of Furniture 16,000 By Sports equipments purchased 33,000
(Book Value ` 17,000) By Balance c/d
Cash in hand 10,000
1,45,000 1,45,000
OR

A [ v¸¨¦P / Turn over

8357 18

(b) From the following particulars, prepare Comparative Balance Sheet of Malar Ltd. as
on 31st March 2021 and 31st March 2022.
st st
Particulars 31 March 2021 31 March 2022
I. EQUITY AND LIABILITIES ` `
1. Shareholder's fund
(a) Share Capital 2,00,000 2,50,000
(b) Reserve and Surplus 50,000 50,000
2. Non-Current liabilities
Long-term borrowings 30,000 60,000
3. Current liabilities
Trade Payables 20,000 60,000
Total 3,00,000 4,20,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 1,00,000 1,50,000
(b) Non-Current Investments 50,000 75,000
2. Current Assets
Inventories 75,000 1,50,000
Cash and Cash equivalents 75,000 45,000
Total 3,00,000 4,20,000

43. (A) ¤ßÁ¸® uPÁÀPμ¸¢x Áͺ©v ©ØÖ® Bvøµ AÁºPÎß •uÀ, {ø»
•uÀ GÚU öPõsk, AÁºPÎß •uÀ PnUSPøÍz u¯õ›UPÄ®.
ÂÁµ® Áͺ©v Bvøµ
2019 H¨µÀ 1 AßÖ •uÀ 70,000 50,000

2019 H¨µÀ 1 AßÖ |h¨¦ PnUS (Á) 25,000 15,000

TkuÀ •uÀ öPõsk Á¢ux 18,000 16,000

2019-2020 -À Gk¨¦PÒ 10,000 6,000

Gk¨¦PÒ «x Ámi 500 300

C»õ£&£[S 2019-2020 35,000 25,800

•uÀ «x Ámi 3,500 2,500

\®£Í® .- 18,000

PÈÄ 12,000 .-

AÀ»x
A

19 8357

(B) \À©õ ©ØÖ® ¼i¯õ 2018, H¨µÀ 1 AßÖ •øÓ÷¯ ` 4,00,000 ©ØÖ® ` 3,00,000
•u»õPU öPõsk öuõÈÀ öuõh[QÚº. Tmhõsø© J¨£õÁnzvߣi
\À©õ BskUS ` 90,000 Fv¯® ö£Ó ÷Ásk®. •uÀ «x Ámi BskUS
5% ©ØÖ® \À©õ Fv¯® ©ØÖ® PÈÂøÚ PÈzuuØS ¤ß EÒÍ C»õ£zvÀ
25% ¼i¯õ PÈÁõP¨ ö£Ó ÷Ásk®. C¸ TmhõÎPÐUS Cøh÷¯¯õÚ
C»õ£¨ £QºÄ ÂQu® 1 : 1. AÆÁõsiÀ {ÖÁÚ® Dmi¯ C»õ£® ` 3,65,000.
C»õ£|mh¨ £QºÄ PnUøP u¯õ›UPÄ®. {ÖÁÚ® JÆöÁõ¸ Bsk®
©õºa 31 &À PnUS •iUQÓx.
(a) From the following information, prepare Capital accounts of partners Valarmathi and
Aathirai when their capitals are fixed.
Particulars Valarmathi Aathirai
st
Capital on 1 April 2019 70,000 50,000
Current account on 1 st April 2019 (Cr) 25,000 15,000
Additional Capital introduced 18,000 16,000
Drawings during 2019-2020 10,000 6,000
Interest on Drawings 500 300
Share of Profit 2019-2020 35,000 25,800
Interest on Capital 3,500 2,500
Salary - 18,000
Commission 12,000 -
OR
(b) Salma and Lydia started a business on 1st April 2018 with Capital of ` 4,00,000 and
` 3,00,000 respectively. According to the Partnership Deed, Salma is to get salary of
` 90,000 per annum, Lydia is to get 25% commission on Profit after allowing salary to
Salma and interest on capital @ 5% p.a. and after charging such commission. Profit
sharing ratio between the two partners is 1 : 1. During the year, the firm earned a
profit of ` 3,65,000.
Prepare Profit and Loss Appropriation account. The firm closes its accounts on
31st March every year.
44. (A) ¤ßÁ¸® uPÁÀPμ¸¢x E¯º C»õ£zvøÚ ‰»uÚ©õUPÀ •øÓ°À
|Øö£¯›ß ©v¨ø£U PnUQhÄ®.
(i) \õuõµn C»õ£ ÂQu® 10%.
(ii) Ph¢u 4 BskPÎß C»õ£[PÒ ` 30,000, ` 40,000, ` 50,000 ©ØÖ® ` 45,000.
(iii) ÷©ØSÔ¨¤mh C»õ£® ` 30,000 &À v¸®£z v¸®£ {PÇõ Á¸©õÚ®
` 3,000 ÷\º¢xÒÍx.
(iv) \µõ\› £¯ß£kzu¨£mh •uÀ ` 3,00,000.
AÀ»x
(B) Tally.ERP 9 -À ö£õxÁõP £¯ß£kzu¨£k® \õßÓõÁn[PÎß ÁøPPøÍ
ÂÍUPÄ®.
A [ v¸¨¦P / Turn over

8357 20

(a) Find out the value of Goodwill by capitalising Super profits.
(i) Normal Rate of Return 10%.
(ii) Profits for the last four years are ` 30,000, ` 40,000, ` 50,000 and ` 45,000.
(iii) A non-recurring income of ` 3,000 is included in the above mentioned profit of
` 30,000.
(iv) Average capital employed is ` 3,00,000.
OR
(b) Explain the commonly used voucher types in Tally.ERP 9

45. (A) Ãnõ ©ØÖ® ¤¯ºÀ J¸ {ÖÁÚzvß TmhõÎPÒ •øÓ÷¯ 2 : 1 GÝ®
ÂQuzvÀ C»õ£® £Qº¢x Á¢uÚº. AÁºPÎß 2018 ©õºa 31 &B® |õøͯ
C¸¨¦ {ø»U SÔ¨¦ ¤ßÁ¸©õÖ :
ö£õÖ¨¦PÒ ` ` ö\õzxPÒ `
•uÀ PnUSPÒ Pmhh® 60,000
Ãnõ 60,000 C¯¢vµ® 30,000
¤¯ºÀ 40,000 1,00,000 PhÚõÎPÒ 20,000
Põ¨¦ {v 30,000 \µUQ¸¨¦ 10,000
öuõÈ»õͺ Dmk {v 10,000 Á[Q öµõUP® 30,000
£Ø£» PhÜ¢÷uõº 10,000

1,50,000 1,50,000

1.4.2018 AßÖ öh› GߣÁº ¤ßÁ¸® {£¢uøÚUSm£mk TmhõίõPa
÷\ºUP¨£mhõº.
(i) Ãnõ, ¤¯ºÀ ©ØÖ® öh›°ß ¦v¯ C»õ£¨ £QºÄ ÂQu® 5 : 3 : 2 BS®.
(ii) öh› ` 30,000 •u»õP öPõsk Áµ ÷Ásk®.
(iii) \µUQ¸¨¤ß ©v¨ø£ 20% SøÓUP ÷Ásk®.
(iv) öuõÈ»õͺ Dmk {v «x Gvº£õºUP¨£k® ÷Põ¸›ø© ` 1,000.
(v) £vÄÓõ •u½kPÒ ` 11,000 HkPÎÀ öPõskÁµ¨£h ÷Ásk®.
(vi) {ÖÁÚzvß |Øö£¯º ` 30,000 GÚ ©v¨¤h¨£mhx. öh› ußÝøh¯
|Øö£¯›ß £[QøÚ öµõUP©õP öPõsk Á¢uõº. öh› |Øö£¯µõPU
öPõsk Á¢u öuõøP •ÊÁøu²® £øǯ TmhõÎPÒ GkzxU
öPõshÚº.
÷uøÁ¯õÚ ÷£÷µmk PnUSPÒ ©ØÖ® ÷\º¨¤ØS ¤ß EÒÍ C¸¨¦ {ø»U
SÔ¨¤øÚ u¯õº ö\´¯Ä®.
AÀ»x

A

21 8357

(B) \›uõ ©ØÖ® _£õ C¸Á¸® TmhõÎPÒ. AÁºPÒ u[PÒ C»õ£® ©ØÖ®
|mh[PøÍ 5 : 3 GßÓ ÂQuzvÀ £Qº¢x Á¢uÚº. A¢{ÖÁÚzvß
2022 i\®£º 31 B® |õøͯ C¸¨¦{ø»U SÔ¨¦ ¤ßÁ¸©õÖ C¸¢ux.

ö£õÖ¨¦PÒ ` ` ö\õzxPÒ ` `
•uÀ PnUSPÒ Pmhh® 34,000

\›uõ 48,000 AøÓP»ß 6,000

_£õ 40,000 88,000 •u½kPÒ 20,000

PhÜ¢÷uõº 37,000 PhÚõÎPÒ 40,000

öPõk£h ÷Ási¯ 8,000 PÈUP : ÁõµõUPhß 3,000 37,000

T¼ JxUS
ö£ÖuØS›¯ ©õØÖa^mk 12,000

\µUQ¸¨¦ 16,000

Á[Q 8,000
1,33,000 1,33,000

2022 i\®£º 31 &À
AÔÄ©v GߣÁº 1/4 C»õ£¨£QºÄ ÂQuzvÀ
Tmhõsø©°À ÷\¸QÓõº. AÁº ¤ßÁ¸® \›Pmku¾USm£mk ` 12,000
•u»õP öPõsk Á¸QÓõº.

(i) AøÓP»ß ` 5,000 ©ØÖ® Pmhh® ` 50,000 BPÄ® ©Ö©v¨¥k
ö\´¯¨£h ÷Ásk®.

(ii) Áõµõ I¯UPhß JxUS ` 5,500 BP E¯ºzu ÷Ásk®.

(iii) £vÄÓõu ` 6,000 ©v¨¦ÒÍ •u½k PnUQÀ öPõskÁµ¨£h ÷Ásk®.

(iv) £vÄÓõu ` 2,500 ©v¨¦ÒÍ ö£õÖ¨¦ £vÄ ö\´¯¨£h ÷Ásk®.

©Ö©v¨¥mkU PnUS ©ØÖ® TmhõÎ ÷\ºUøPUS ¤ß EÒÍ •uÀ
PnUQøÚ²® u¯õº ö\´¯Ä®.
A [ v¸¨¦P / Turn over

8357 22

(a) Veena and Pearl are partners in a firm sharing profits and losses in the ratio of 2 : 1.
Their Balance Sheet as on 31st March 2018 is as follows.

Liabilities ` ` Assets `
Capital accounts : Buildings 60,000
Veena 60,000 Machinery 30,000
Pearl 40,000 1,00,000 Debtors 20,000
General Reserve 30,000 Stock 10,000
Workmen Cash at bank 30,000
Compensation Fund 10,000
Sundry Creditors 10,000
1,50,000 1,50,000

Deri is admitted on 1.4.2018 subject to the following conditions :

(i) The new Profit sharing ratio among Veena, Pearl and Deri is 5 : 3 : 2.

(ii) Deri has to bring a capital of ` 30,000.

(iii) Stock to be depreciated by 20%.

(iv) Anticipated claim on Workmen Compensation Fund is ` 1,000.

(v) Unrecorded investment of ` 11,000 has to be brought into books.

(vi) The Goodwill of the firm is valued at ` 30,000 and Deri brought cash for his share
of Goodwill. The existing partners withdraw the entire amount brought by Deri
towards Goodwill.

Prepare the necessary ledger accounts and Balance Sheet after admission.

OR

A

23 8357

(b) Saritha and Subha are partners, sharing profits and losses in the ratio of 5 : 3. The
firm’s Balance Sheet as on 31st Dec. 2022 was as follows.

Liabilities ` ` Assets ` `
Capital accounts : Buildings 34,000
Saritha 48,000 Furniture 6,000
Subha 40,000 88,000 Investments 20,000
Creditors 37,000 Debtors 40,000
Outstanding Wages 8,000 Less : Provision for 3,000 37,000
bad debts
Bills receivable 12,000
Stock 16,000
Bank 8,000
1,33,000 1,33,000

On 31st December 2022 Arivumathi was admitted into the Partnership for 1/4 share of
profit with ` 12,000 as Capital subject to the following adjustments.

(i) Furniture is to be re-valued at ` 5,000 and building is to be re-valued at ` 50,000.

(ii) Provision for doubtful debts is to be increased to ` 5,500.

(iii) An unrecorded investment of ` 6,000 is to be brought into account.

(iv) An unrecorded liability ` 2,500 has to be recorded now.

Prepare Revaluation Account and Capital Account of Partners after admission.

A [ v¸¨¦P / Turn over

8357 24

46. (A) Âá¯õ, PÂuõ ©ØÖ® ÷µõì¼ß GßÓ TmhõÎPÒ u[PÒ C»õ£ |mh[PøÍ
u[PÒ •uÀ ÂQuzvÀ £Qº¢x Á¢uÚº. 31.12.2017 B® |õøͯ C¸¨¦
{ø»U SÔ¨¦ ¤ßÁ¸©õÖ :
31.12. 2017 B® |õøͯ C¸¨¦{ø»U SÔ¨¦
ö£õÖ¨¦PÒ ` ` ö\õzxPÒ `
•uÀ PnUSPÒ ö£õÔ ©ØÖ® C¯¢vµ® 45,000

Âá¯õ 30,000 \µUQ¸¨¦ 22,000

PÂuõ 30,000 PhÚõÎPÒ 15,000

÷µõì¼ß 20,000 80,000 Á[Q öµõUP® 10,000

ö£õxUPõ¨¦ 8,000 øP öµõUP® 4,000

PhÜ¢÷uõº 8,000

96,000 96,000

31.3.2018 AßÖ ÷µõì¼ß CÓ¢x Âmhõº. ÷µõì¼ß CÓ¨¤ß ÷£õx
¤ßÁ¸® \›UPmkuÀPÒ ö\´¯¨£mhÚ.

(i) ö£õÔ ©ØÖ® C¯¢vµ® ` 54,000 GÚ ©v¨¤h¨£mhx.

(ii) \µUQ¸¨¤ß ©v¨¤À ` 1,000 SøÓUP¨£h ÷Ásk®.

(iii) {ÖÁÚzvß |Øö£¯º ` 24,000 GÚ ©v¨¤h¨£mhx.

(iv) Ph¢u {v¯õsiß CÖv°À C¸¢x TmhõÎ CÓ¢u |õÒ Áøµ EÒÍ
C»õ£zvß £[S, Tmhõ롧 CÓ¨¤ØS •ß EÒÍ ‰ßÖ •Ê
BskPÎß \µõ\› C»õ£ Ai¨£øh°»õÚx.

2015, 2016 ©ØÖ® 2017 B® BskPÐUPõÚ C»õ£® •øÓ÷¯ ` 66,000, `
60,000 ©ØÖ® ` 66,000 BS®.

÷µõì¼ß CÓ¨¤ØS¨ ¤ß EhÚi¯õP u¯õ›UP¨£h ÷Ási¯ ÷£÷µmkU
PnUSPÒ ©ØÖ® C¸¨¦{ø»U SÔ¨¤øÚz u¯õ›UPÄ®.

AÀ»x

A

25 8357

(B) ]ÁPõª {Ö©zvß 2019 ©õºa 31 B® |õøͯ C¸¨¦ {ø»USÔ¨¦
¤ßÁ¸©õÖ :

ÂÁµ® `
I. £[S ‰»uÚ® ©ØÖ® ö£õÖ¨¦PÒ
1. £[Suõµº {v

÷|ºø©¨ £[S •uÀ 2,00,000
2. }sh Põ»¨ ö£õÖ¨¦PÒ

}sh Põ» PhßPÒ 50,000
3. |h¨¦¨ ö£õÖ¨¦PÒ

(A) SÖQ¯ Põ»U PhßPÒ 17,000

(B) PnUSPÒ ‰»® ö\¾zu
÷Ási¯øÁPÒ 25,000

(C) Cuµ |h¨¦¨ ö£õÖ¨¦PÒ
öPõk£h ÷Ási¯ ö\»ÄPÒ 3,000

(D) SÖQ¯ Põ» JxUSPÒ 5,000

ö©õzu® 3,00,000
II. ö\õzxPÒ : `
1. }sh Põ» ö\õzxPÒ

(A) {ø»a ö\õzxPÒ
¦»ÚõS® ö\õzxPÒ 1,50,000
2. |h¨¦a ö\õzxPÒ :

(A) \µUQ¸¨¦ 45,000
(B) PnUSPÒ ‰»® ö£Ó ÷Ási¯øÁPÒ 70,000

(C) öµõUP® ©ØÖ® öµõUPzvØSa \©©õÚøÁPÒ 30,000

(D) Cuµ |h¨¦a ö\õzxPÒ
•ßTmia ö\¾zv¯ ö\»ÄPÒ 5,000

ö©õzu® 3,00,000

PnUQhÄ® :
(i) |h¨¦ ÂQu® (ii) }ºø© ÂQu®

A [ v¸¨¦P / Turn over

8357 26

(a) Vijaya, Kavitha and Roseline are partners who share profits and losses in their Capital
ratio. Their Balance Sheet as on 31.12.2017 is as follows.

st
Balance Sheet as on 31 December 2017
Liabilities ` ` Assets `
Capital account Plant and Machinery 45,000
Vijaya 30,000 Stock 22,000
Kavitha 30,000 Debtors 15,000
Roseline 20,000 80,000 Cash at bank 10,000
General Reserve 8,000 Cash in hand 4,000
Creditors 8,000

96,000 96,000

Roseline died on 31.3.2018. On the death of Roseline, the following adjustments are made.

(i) Plant and Machinery is to be valued at ` 54,000

(ii) Stock is to be depreciated by ` 1,000

(iii) Goodwill of the firm is valued at ` 24,000

(iv) Share of profit of Roseline is to be calculated from the closing of the last Financial
year to the date of death on the basis of the average of the three completed years’
profits before death.

Profit for 2015, 2016 and 2017 were ` 66,000, ` 60,000 and ` 66,000 respectively.

Prepare the necessary ledger accounts and the Balance Sheet immediately after the
death of Roseline.

OR

A

27 8357

(b) Following is the balance sheet of Sivakami Ltd., as on 31st March 2019.

Particulars `
I. EQUITY AND LIABILITIES
1. Shareholders' Funds
Equity Share Capital 2,00,000
2. Non-Current liabilities
Long-term borrowings 50,000
3. Current liabilities
(a) Short-term borrowings 17,000
(b) Trade Payables 25,000
(c) Other current liabilities
Expenses Payable 3,000
(d) Short-term provisions 5,000
Total 3,00,000
II. ASSETS `
1. Non-Current Assets
Fixed Assets
(a) Tangible assets 1,50,000
2. Current Assets
(a) Inventories 45,000
(b) Trade receivables 70,000
(c) Cash and Cash equivalents 30,000
(d) Other Current assets
Prepaid Expenses 5,000
Total 3,00,000

Calculate : (i) Current ratio
(ii) Quick ratio

A [ v¸¨¦P / Turn over

8357 28

47. (A) øÁµ® Áøµ¯Ö {Ö©® ` 5,50,000 ©v¨¦ÒÍ AøÓP»øÚ µÂ AøÓP»ß
Áøµ¯Ö {ÖÁÚzvhª¸¢x Áõ[Q¯x. CuØS¨ £v»õP ` 10 ©v¨¦ÒÍ
•ÊÁx® ö\¾zu¨£mh £[SPøÍ ö\¾zv {øÓÄ ö\´uÚº. ¤ßÁ¸®
`ǾUPõÚ £vÄPøÍz uµÄ®.
(i) £[SPøÍ •P©v¨¤À öÁΰmhõÀ
(ii) £[SPøÍ 10% •øÚ©zvÀ öÁΰmhõÀ
AÀ»x
(B) \µs¯õ Áøµ¯Ö {Ö©® £[S JßÔß ©v¨¦ ` 10 Ãu®, 20,000 ÷|ºø©¨
£[SPøÍ •P©v¨¤À ö£õx©UPÐUS öÁΰmhx. £[SPÐUPõÚz
öuõøP RÌPshÁõÖ ö\¾zu¨£h ÷Ásk®.
Âsn¨£zvß ÷£õx `3

JxURmiß ÷£õx `4

•u»õ® ©ØÖ® CÖv AøǨ¤ß ÷£õx `3

30,000 £[SPÐUPõÚ öuõøP Âsn¨£zvß ÷£õx ö£Ó¨£mhx.
Tku»õÚ Âsn¨£z öuõøP v¸¨¤, EhÚi¯õP Aݨ£¨£mhx.
CuØPõÚ SÔ¨÷£mk¨ £vÄPøÍz uµÄ®.
(a) Vairam Ltd. purchased furniture worth of ` 5,50,000 from Ravi Furniture Ltd. It issued
equity shares of ` 10 each fully paid in satisfaction of their claim. What entries will be
made if such issue is :
(i) at par
(ii) at premium of 10%
OR
(b) Saranya Ltd. issued 20,000 equity shares of ` 10 each to the public at par. The details
of the amount payable on the shares are as follows.
On Application ` 3 per share
On Allotment ` 4 per share
On First and Final call ` 3 per share
Application money was received on 30,000 shares. Excess application money was
refunded immediately.
Pass Journal entries to record the above.

-oOo-

A

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