CG Board Class 12th Question Bank 2023 Accountancy

छ󰊸ीसगढ़
मा󰋞󰏐मक 󰏐श󰆶ा
म󰊫ल रायपुर
󰋚ारा 󰏐न󰏐म󰎮त 󰇹󰍳 ब󰎺क

0

Accounting for Partnership

Partnership fundamentals

(Choose the right option)

1- cSfdax O;olk; djus okyh lk>snkjh QeZ eas lnL;ksa dh vf/kdre la[;k gksrh gSA
a) 20 b) 15 c)10 d) buesa ls dksbZ ugha
Maximum number of partners in a partnership firm performing banking business is:
a) 20 b) 15 c) 10 d) None of these

2- lk>snkjh foys[k ds vHkko esa _.k ij C;kt dh nj gksrh gSA
a) 10% okf"kZd b) 5% okf"kZd c) 6% okf"kZd d)15% okf"kZd
Interest on loan is given in absence of partnership deed:
a) 10% p.a. b) 5% p.a. c) 6% p.a. d) 15% p.a.

3. lk>snkjh foys[k ds vHkko esa ykHk dk foHkktu gksrk gSa A
a) cjkcj vuqikr esa b) iwath ds vuqikr esa

c) fofHkUu vuqikrksa esa d) buesa ls dksbZ ugha
Profits shall be divided in the absence of partnership deed:
a) In equal ratio b) In capital ratio
c) In varieties ratio d) None of these
4- QeZ ds fy, vkgj.k ij C;kt gSA
a) O;; b) gkfu c) ykHk d) buesa ls dksbZ ugha
Interest on drawings to firm is :

a) Expenses b) Losses c) Profits d) None of these

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5. lk>snkjh QeZ fdl vf/kfu;e ds varxZr vkrk gSA

a) Hkkjrh; lk>snkjh vf/kfu;e 1932 dh /kkjk 4

b) daiuh lk>snkjh vf/kfu;e 1925 dh /kkjk 5

c) US lk>snkjh vf/kfu;e 1932

d) buesa ls dksbZ ugha
Which act is appliciable for partnership firms:
a) Section 4 of Indian Partnership Act 1932 b) Section 5 of Companies Act 1925
c) US Partnership Act 1932 d) None of these

6. fuEufyf[kr esa dkSu ls lk>snkjh ds y{k.k gS A
a) oS/kkfud O;olk; b) lapkyu c) vlhfer nkf;Ro d) lHkh
Which of these is the feature of Partnership:
a) Legal business b) Operation c) Unlimited liability d) All

7. lhfer nkf;Ro lk>snkjh vf/kfu;e fdl vf/kfu;e ds ikl gksus ij gqvk&
a) lhfer lk>snkjh vf/kfu;e 2008 b) vlhfer lk>snkjh vf/kfu;e 2009

c) Hkkjrh; lk>snkjh vf/kfu;e 1932 d) buesa ls dksbZ ugha
When was the limited liability Partnership Act passed
a) Limited Partnership Act 2008 b) Unlimited partnership act 2009
c) Indian partnership act 1932 d) None of these

8. lk>snkjh dh jpuk------- ls gksrh gSa \
a) isij dk b) djkj ;k le>kSrs

c) fo/kku d) buesa ls dksbZ ugha
Partnership is formed by………….
a) On paper b) Contract or agreement
c ) Law d) None of these

9. lk>snkjh le>kSrk gks ldrk gSA

a) ekSf[kd b) fyf[kr

c) ekSf[kd rFkk fyf[kr nksuksa d) buesa ls dksbZ ugha

Partnership agreement can be:
a) Oral b) Written c) Oral or Written d) None of these

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10. lk>snkjksa ds iwath [kkrs ij C;kt dks dzsfMV fd;k tkrk gS &

a) ykHk gkfu [kkrs esa b) lk>snkjksa ds iwath [kkrs esa

c) C;kt [kkrs esa d) lHkh
Interest on capital of partners is credited to:
a) Profit-loss a/c b) Partners capital account
c) Interest a/c d) None of these
11. lk>snkj ds iwath ij C;kt dh x.kuk gksrh gSA

a) izkjaHk dh iwath ij b) var dh iwath ij

c) vkSlr iwath ij d) buesa ls dksbZ ugha
Interest on partners capital is calculated on;
a) Capital in the beginning b) Capital at the end
c) Average capital d) None of these
12. ,d lkekU; lk>snkjh esa lk>snkjksa dh vf/kdre la[;k gks ldrh gSA
a) 15 b) 2 c) 45 d) 50
In an ordinary partnership maximum number of partners can be:
a) 15 b) 2 c) 45 d) 50

13. lk>snkjh lays[k dks------------------ dgk tkrk gSA

a) lk>snkjh isij b) jftLVMZ

c) lk>snkjh foys[k d) daiuh vfHkys[k

Partnership deed is called…..
a) Partnership paper b) Registered
c) Partnership agreement d) Company records
14. lk>snkj ds iwath [kkrs ds varxZr vkrs gSaA

a) ifjorZu'khy b) LFkk;h

c) ifjorZu'khy rFkk LFkk;h nksuksa d) O;fDrxr
What comes under partner’s capital account?
a) Fluctuating b) Fixed
c) Fluctuating & Fixed d) Personal
15. ykHk&gkfu fofu;kstu [kkrk ,d----------- [kkrk gS&

a) O;fDrxr [kkrk b) okLrkfod [kkrk
c) ukeek= dk [kkrk b) buesa ls dksbZ ugha

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Profit and Loss Appropriation account is a ……account
a) Personal account b) Real account
c) Nominal account d) None of these

16. fLFkj iwath [kkrk fof/k ds varxZr lk>snkjksa dh iwath [kkrs ij C;kt dzsfMV fd;k tkrk

gSA
a) lk>snkjksa dh iwath [kkrs esa b) ykHk gkfu [kkrs esa

c) C;kt [kkrs esa d) lk>snkjksa ds pkyw [kkrs esa
The interest on fixed capital account of partner’s under fixed capital method is to be
credited to:
a) Partner’s capital Account b) Profit and Loss Account
c) Interest Account d) Partner’s current Account
17. lk>snkjh QeZ ds ykHk gkfu fu;kstu [kkrk ds dzsfMV lkbM eas fy[kh tkus okys ens

gSa&
a) vkgj.k ij C;kt b) 'kq) ykHk

c) dqy ykHk d) A vkSj B nksuksa
Items to be written on the credit side of Profit and Loss Appropriation Account
a) Interest on Drawing b) Net Profit
c) Total Profit d) Both A & B
18. ykHk&gkfu fu;kstu [kkrk fdl [kkrs dk foLrkj gSA

a) O;kikjh [kkrk b) O;fDrxr [kkrk
c) ykHk&gkfu [kkrk d) cSysal 'khV
Profit and Loss Appropriation Account is an extension of which account
a) Trading Account b) Personal Account
c) Profit and Loss Account d) Balance Sheet
19. lk>snkj dk QeZ ls lEcU/k gksrk gS &

a) izca/kd dk b) lsod dk

c) ,stsaV d) ekfyd
Relation of a Partner with the firm is of :

a) Manager b) Servant
c) Agent d) Principal

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20. pkyw [kkrk gS &

a) O;fDrxr [kkrk b) okLrkfod [kkrk
c) ukeek= [kkrk d) buesa ls dksbZ ughaA
Current account is -
a) Personal account b) Real account
c) Nominal account d) None of these

Answer in one word/Sentence -

1- QeZ fdls dgrs gS \
What is firm ?
2- lk>snkjh dk iath;u vfuok;Z gS ;k ,fPNdA
Whether registration of partnership is compulsory or optional?
3- lk>snkjksa ds pkyw [kkrs dc cuk;s tkrs gS \
When is Partners current account prepared?
4- lk>snkjh foys[k ds vHkko esa iwath ij C;kt dh nj fdruh gksrh gS \
What is the rate of interest on capital in the absence of partnership deed?
5- lk>snkjh foys[k ds vHkko esa ykHk dk foHkktu fdl izdkj gksrk gS \
How is profits divided between the partners, when the deed is silent?
6- QeZ ds fy, vkgj.k ij C;kt D;k gS \
What is Interest on drawings for the firm?
7- QeZ esa dkSu lk>snkj gks ldrk gS \
Who can become a partner in the firm?
8- ,d lk>snkjh le>kSrk fyf[kr esa D;ksa gksuk pkfg, \
Why is it necessary to have a written Partnership deed ?
9- D;k QeZ ds ykHkksa esa vo;Ld dks izos'k fn;k tk ldrk gS vkSj D;k og QeZ ds
fglkc&fdrkc dh iqLrdksa dk fujh{k.k dj ldrk gS \
Can a minor be admitted in firm to share firm’s profit and can he inspect the books of
account of the firm?

10- fdUgha nks ifjfLFkfr;kW crk,W ftuesa lk>snkjks dh fLFkj iwWath ifjofrZr gks ldrh gSA
What are the two conditions in which Partners fixed capital changes.

232

11- izR;sd frekgh ds igys fnu ;fn ,d fLFkj jkf'k dk vkgj.k gksrk gS] ftlds fy,
vkgj.kksa ij C;kt ifjdyu gsrq D;k vof/k ekuh tk;sxh \
How will you calculate Interest on drawings, when fixed amount is withdrawn at the
beginning of each quarter ?

12- QeZ }kjk lk>snkj dks C;kt dc fn;k tkrk gS \
When does firm gives interest to the partner ?

13- ,d QeZ esa lk>snkjksa dh U;wUkre lnL;ksa dh lhek D;k gSA
What is minimum limit for partners in a firm?

14- QeZ ds O;olk; ds lapkyu esa dkSu Hkkx ys ldrk gS \
Who can participate in the business operation of a firm ?

15- QeZ ds cfg;ksa eas dc lk>snkj dk iwath [kkrk rFkk pkyw [kkrk Hkh [kksyk tkrk gS\
When does partners capital and current account opened in the books of the firm.

( Theory question)

1- lk>snkjh dh ifjHkk"kk fyf[k,
Define Partnership.
2- lk>snkjh dh dksbZ rhu fo'ks"krk, le>kbZ;sA
Explain any three features of partnership.
3. U;wure ykHk dh xkajVh dh ys[kk fdl izdkj fd;k tkrk gS \
How is guarantee of minimum profit done in partnership?

4- lk>snkjksa ds pkyw [kkrs ls vki D;k le>rs gSa \
What do you mean by partner’s current account?
5- ykHk ;k gkfu lek;kstu [kkrk D;ksa rS;kj fd;k tkrk gS \ o.kZu djsaA
Why profit and loss appropriation account prepared? Explain
6- mu enksa dh lwph cuk,a tks fd ,d lk>snkj ds [kkrks ds uke ;k tek esa Mkyh
tkrh gS %& i) tc iwath fLFkj gks] ii) tc iwath vfLFkj gksA
List out the items which are debited and credited to Partner’s Capital Account?
7- D;k lk>snkjh QeZ dks i`Fkd oS/kkfud vfLrRo izkIr gSA

Whether partnership firm has a separate statutory entity

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8- 40 O;fDr;ksa dk leqnk; lk>snkjh QeZ cukuk pkgrk gSA os vkidk ijke'kZ pkgrs
gS fd lk>snkjh esa vf/kdre lnL; fdrus O;fDr gks ldrs gS \ ;g izko/kku fdl
vf/kfu;e esa fn;k x;k gSA
A community of 40 persons want to form a partnership firm. They want your advice
as to what is the maximum number of members a partnership can have? In which act
is the provision given ?
9- xqIrk rFkk 'kekZ ,d QeZ esa lk>snkj gSA os vkSj nks lnL;ksa dks QeZ esa lfEefyr
djus pkgrs gSA vo;Ld ds vykok vkSj dkSu&dkSu ls O;fDr lk>snkjh esa izos'k
;ksX; ugha gS\
Gupta and Sharma are partners in affirm. He wants to admit two more members in the
firm. Other than a minor, who is not eligible to enter into a Partnership?
10- lk>snkjh foys[k D;k gS \ ifjHkk"kk nhft,A
What is partnership deed? Give its definition.

( Theory question)

1- lk>snkj ds D;k&D;k vf/kdkj gksrs gS \
What are the rights of a partner ?
2- ykH ij izHkkj rFkk ykHk ds fu;kstu esa D;k varj gSA
What is the difference between Charge on Profit and appropriation of profit ?
3- ykHk gkfu [kkrs rFkk ykHk gkfu fu;kstu [kkrs esa varj Li"V dhft,A
Explain the difference between Profit and Loss Account and Profit and Loss
Appropriation Account.
4- fLFkj iwath rFkk ifjorZu'khy iwath esa varj le>kbZ,A
Explain the difference between fixed capital and fluctuating Capital.
5- lk>snkjh lays[k ds vHkko esa ykxw gksus okys fu;e dh O;k[;k dhft,A
Explain the rule applicable in the absence of Partnership deed.
6- lk>snkjh lays[k dk D;k vfHkizk; gS] blds izeq[k rRoksa dk o.kZu dhft, \
What is meant by Partnership deed ? Describe its main elements ?
7- lk>snkjh dh fo'ks"krkvksa dks crkb,A ¼dksbZ pkj½

State the characteristics of Partnership (Any 4)

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8- D;k lk>snkjh dk iath;u djkuk vfuok;Z gS \ iath;u ugha djkus dk D;k izHkko
iM+rk gS \
Is it compulsory to register a partnership?What is the effect of not registering?
9- lk>snkjksa ds iwath [kkrksa esa Hkwy lq/kkjksa dk ys[kk dc vkSj D;ksa fd;k tkrk gS \
When and why are the past adjustments accounted for in the partners capital account?
10- lk>snkjh esa ykHk dh xkajVh ls D;k vk'k; gS \ ;s dc nh tkrh gS \
What is meant by guarantee of profit in partnership? When it is given?
11- QeZ eas lk>snkj gksus ds fy, D;k ;ksX;rk gksuh pkfg, \
What are the qualifications to be a partner in a firm?
12- o.kZu dhft, dh fofHkUu fLFkfr;ksa esa vkgj.k ij C;kt dSls ifjdfyr fd;k tkrk
gSA
Discuss the various methods used for calculating interest on drawings.

( Practical question)

1- lquhy vkSj lhek ykHk gkfu dk foHkktu 3%2 ds vuqikr esa djrs gSa] tks 1 tuojh
2021 ls lk>snkj gSA bl frfFk dks os vfodk dks 1@10 ykHk Hkkx ds fy, QeZ
esa lk>snkj cukrs gSA ;g xkjaVh nh tkrh gS fd vfodk dks izfr o"kZ de ls de
₹6]000 feysxsaA lquhy vkSj lhek dk ijLij vuqikr iwoZor~ j[kk tk,xkA o"kZ esa

QeZ dks ₹ 40]000 dk ykHk gqvkA ykHk&gkfu [kkrk cukdj ykHk dk forj.k
n'kkZb,A
Sunil and Seema share profit and loss in the ratio 3 : 2, who are partners since 1st
January 2020. On this date they make Avika as a partner in the firm for 1/10 profit. It
is guaranteed that Avika will get at least ₹-6,000. The ratio between Sunil and Seema
will be kept same. The firm made a profit of ₹40,000 in the year. Show the distribution
of profit by preparing profit and loss account.
2- 1 tuojh 2021 dks v vkSj c dze'k% ₹ 1]00]000 vkSj ₹ 1]20]000 dh iwath yxkdj
lk>snkj gSA mlh fnu v us QeZ dks ₹ 45]000 dk _.k fn;k ml o"kZ dk ykHk ₹
45]000 gSA lk>snkjh le>kSrs ds vHkko eas vki lk>snkjksa ds ykHk dk foHkktu fdl

izdkj djsaxs] ykHk gkfu [kkrk cukdj fn[kkb,A

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A and B are partners on 1st January 2021 with Capitals of ₹ 1,00,000 and ₹ 1,20,000
respectively.On the same date A gave a loan of ₹ 45,000 to the firm and the profit in
that year is ₹ 45,000. In the absence of partnership agreement, show the preparation
profit and loss appropriation account, how you will divide the profits of the partners.

3- ,d QeZ esa X, Y vkSj Z lk>snkj gS tks ykHk gkfu 3:2:1 ,d vuqikr esa ckaVrs
gSA Y dks ₹ 42]000 okf"kZd osru rFkk Z dks dqy fcdzh tks ₹ 12]00]000 gS] ml
ij 3% deh'ku fn;k tkrk gSA QeZ us o"kZ 2021 esa dqy fcdzh ij 10% ykHk
vftZr fd;kA QeZ dk ykHk gkfu fu;kstu [kkrk cukb,A
In a firm X , Y and Z are partners who share profit and losses in the ratio 3:2:1. Y is
given an annual salary of ₹ 42000 and Z is given a commission of 3% on the total sales
ie, ₹12,00,000 .The firm made a profit of 10% on the total sales in the year 2021.
Prepare profit and loss appropriation account of the firm.

4- X] Y vkSj Z ,d QeZ esa dze'k % ₹ 50]000] ₹ 30]000 ,oa ₹ 20]000 iwath ds

lk>snkj gSA lk>snkjh lays[k ds vuqlkj izR;sd lk>snkj dks iwath ij 5% okf"kZd
C;kt fn;k tk,xk rFkk ₹ 1000 okf"kZd osru fn;k tk,xkA 'kq) ykHk ds izFke ₹
5000 dk forj.k dze'k% 40%, 30% rFkk 30% dh nj ls gksxk vkSj 'ks"k jkf'k dk
cjkcj&cjkcj gksxkA C;kt rFkk osru nsus ds iwoZ QeZ dk ykHk ₹ 25]000 FkkA ykHk
gkfu fu;kstu [kkrk cukbZ;sA
X ,Y and Z are partners in a firm with a capital of ₹ 50,000, ₹ 30,000 and ₹ 20,000
respectively. As per the partnership deed each partner will be given 5% annual interest
on capital and salary of ₹ 1,000 per annum. First ₹ 5,000 of the net profit will be
distributed at the rate of 40% 30% and 30% respectively and the balance amount will
be distributed equally. The profit of the firm before paying interest and salary was ₹
25,000 . Prepare profit and loss Appropriation account.
5- vfurk vkSj lqfurk y[kuÅ esa MªkbZok'k ds O;olk; esa 2%1 eas ykHk ckWVus gsrq] 5
yk[k vkSj 4 yk[k :i;s iawth yxkdj lk>snkj cusA vfurk }kjk fuEu jkf'k;ksa dk
vkgj.k fd;k x;k %&

1 vizSy ₹ 9]000 - 1 twu ₹ 8]000
1 uoEcj ₹ 12]000 1 fnlEcj ₹ 6]000

236

lqfurk us ₹ 16]000 vizSy] tqykbZ] vDVwcj vkSj tuojh ds izFke fnol dks vius
vkokl ds fdjk;s gsrq fudkys A mlus ₹ 20]000 izfrekg QeZ ds vkWfQl fdjk;s
gsrq pqdk,A vkgj.k ij C;kt dh x.kuk 6% P.A. ij 31 ekpZ 2022 dks dhft,A
Anita and Sunita became partner in a drywash business in Lucknow by investing 5 lakh
and 4 lakh in profit sharing in the ratio of 2:1. Following amounts were withdrawn by
Anita
1st April ₹ 9,000 1st June ₹ 8,000
1st November ₹ 12,000 1st December ₹ 16,000
Sunita withdraws for her residence rent ₹ 16,000 on the first day of April, July, October
and January. She also pays ₹ 20,000 per month for her office rent. Calculate interest on
drawings @ 6% p.a. on 31st March 2022.

6- X, Y rFkk Z us 01-04-2021 dks lk>snkjh izkjEHk dhA mudk ykHkkykHk vuqikr
4%3%3 gSA X us O;fDrxr :i ls Z dks xkjUVh nh gS fd iwath ij 5% okf"kZd
C;kt yxkus ds ckn mldk ykHk dk Hkkx ₹ 40]000 ls de fdlh Hkh o"kZ esa de
ugha gksxkA mudh iwath dze'k% ₹ 3]00]000] ₹ 2]00]000 rFkk ₹ 1]50]000 FkhA 31
ekpZ 2022 dks lekIr gksus okys o"kZ dk ykHk ₹ 1]60]000 FkkA ykHk gkfu fu;kstu

[kkrk cukbZ;sA
X, Y and Z started partnership on 1st April 2021. Their profit sharing ratio is 4:3:3 .X
personally guarantees to Z that his share of profit will not be less than 40,000 in any
of the year after applying 5% annual interest on the capital. Their capitals were ₹
3,00,000; ₹ 2,00,000 and ₹ 1,50,000 respectively. The profit for the year and ended
31st March 2022 was ₹ 1,60,000. Prepare profit and loss appropriation account.

7- jek rFkk yrk ,d QeZ esa lk>snkj gSa] tks 2%1 esa ykHk&gkfu ckWVrs gSA mudh iwWath
dze'k% ₹ 20]000 ,oa ₹- 10]000 gSA le>kSrs ds vuqlkj mudks ykHk ckWVus ds iwoZ
iwath ij 5 % C;kt feyrk gSA C;kt yxkus ds iwoZ o"kZ esa ₹ 9]000 dk ykHk gqvkA
ykHk gkfu foHkktu [kkrk cukb,A
Rama and Lata are partner's in a firm share profit and losses in the ratio of 2:1. Their
capitals are respectively ₹-20,000 and ₹-10,000. They are entitled to get interest on

capital @ 5% per annum. Before charging interest they earned the profit of ₹-9,000.
Prepare Profit and Loss Appropriation Account.

237

8- vfer] ckcw ,oa pk: 01-04-2021 dks ,d O;olk; gsrq lk>snkjh QeZ LFkkfir djrs
gSA mUgksaus dze'k% ₹ 50]000] ₹ 40]000] ₹ 30]000 iwath ds :i esa yxk, vkSj os
3%2%1 ds vuqikr esa ykHk o gkfu dh Hkkxhnkjh ds fy, lger gSA vfer dks
izfrekg ₹ 1]000 osru ds :i esa ns; gS rFkk ckcw dks izfro"kZ deh'ku ds :i esa ₹
5]000 ns; gS blds lkFk ;g Hkh izko/kku gS fd iwath ij 6% izfro"kZ dh nj ls
C;kt ns; gksxkA bl o"kZ ds vkgj.k & vfer ₹ 6]000 ckcw ₹ 4]000 rFkk pk: ₹
2]000 gSA vkgj.kksa ij C;kt ds :i esa vfer ls ₹ 270] ckcw ls ₹ 180 rFkk pk:
ls ₹ 90 izHkkfjr fd, x, gSA ykHk gkfu [kkrs ds vuqlkj 'kq) ykHk 31-03-2022
dh lekfIr ij ₹ 35]660 gSA lk>snkjksa ds chp ykHk gkfu forj.k dks fn[kkus gsrq
ykHk ,oa gkfu lek;kstu [kkrk rS;kj dhft,A
Amit, Babu and Charu set up a partnership firm on 1.04.2021 for a business. They
invested ₹ 50,000, ₹ 40,000 and ₹ 30,000 respectively as capital and they agreed to
share profit and losses in the ratio of 3:2:1. Amit gets ₹ 1,000 as salary per month and
Babu get ₹ 5,000 as commission per annum along with a provision that interest will be
charged on capital @6%p.a. ₹ 270 from Amit ₹ 184 and ₹ 90 from Charu has been
charged as interest on drawings. Net profit as per profit and loss account at the end of
31st March 2022 is ₹ 35,660 . Prepare Profit and Loss appropriation account to show
the profit and loss distribution among the partners.

9- X rFkk Y us 01-01-2021 ls lk>snkjh izkjaHk dh rFkk izR;sd us ₹ 1]50]000 :- iwath
ds yxk;sA 01-04-2021 dks Y us vfrfjDr iwath ds :i esa ₹ 1]00]000 vkSj fn,
ftls _.k ekuk tk;sxkA 31 fnlEcj 2021 dks lekIr gksus okys o"kZ esa iwath ij
C;kt nsus ds iwoZ QeZ dk ykHk ₹ 85]000 FkkA izR;sd lk>snkj dks ₹ 3]000 izfr
frekgh osru izkIr djus dk vf/kdkj gSA o"kZ esa] izR;sd lk>snkj us ₹ 24]000
vkgfjr fd,A 31 fnlEcj 2021 dks lekIr gksus okys o"kZ dk ykHk gkfu fu;kstu
[kkrk cukbZ;sA
X and Y started partnership with effect from 1st January 2021 invested ₹ 1,50,000
each. On 1st April 2021 Y give another ₹ 1,00,000 as additional capital which will be
treated as loan. The profit of the firm before paying interest on capital for the year 31st

December 2021 was ₹ 85,000 . Each partner is entitled to receive a salary of ₹ 3,000
per quarter. Each partner withdrew ₹ 24,000 in the year. Prepare profit and loss
appropriation account for the year ending 31st December 2021.

238

10- v'kksd] c`ts'k ,oa 'khuk] ,d QeZ esa 2%2%1 ds vuqikr esa ykHk o gkfu dk foHkktu
djrs gq;s lk>snkj gSA v'kksd ,oa c`ts'k ;g xkjaVh nsrs gS fd 'khuk dks fdlh Hkh
o"kZ ₹- 20]000 ls de ykHk ugha fn;k tk,xkA o"kZ ds var esa 31 ekpZ 2022 ds
fy, ykHk dh jkf'k ₹ 70]000 gksrh gSA ykHk ,oa gkfu fofu;ksx [kkrk rS;kj dhft,A
Ashok, Brajesh and Sheena are the partners in a firm sharing profits and losses in the
ratio of 2:2:1. Ashok and Brijesh gives guarantee to Sheena that in any of the year her
profit would not be less than ₹ 20,000. Profit during the year 31st March 2022 is ₹
70,000. Prepare Profit and loss Appropriation Account.

11. A rFkk B QeZ esa lk>snkj gSaA 31 fnlEcj 2021 dks mudh iwWath dze'k% ₹ 72]000

rFkk ₹- 54]000 FkhA o"kZ esa muds vkgj.k dze'k% ₹ 12]000 rFkk ₹ 18]000 FksA iWawth
ij C;kt nsus ds iwoZ QeZ dks o"kZ esa ₹ 48]000 dk ykHk gqvkA 31 fnlEcj 2021
dks lekIr o"kZ ds fy, iwWath ij C;kt dh x.kuk 10% okf"kZd dh nj ls dhft,A
A and B are the partners in a firm. Their capitals as on 31st December 2021 were ₹
72,000 and ₹ 54,000 respectively. During the year drawings made ₹ 12,000 and ₹
18,000 respectivity. Before giving interest on capital profit of the firm is ₹ 48,000.
Calculate interest on capital @ 10% p.a. for the year ended 31st December 2021 .

( Practical question)

1- jke ,oa ';ke 5%3 ds fy, ,d QeZ esa lk>snkj gSA mudh LFkk;h iwath 1 vizSy
2021 dks v:.k ₹ 70]000 vkSj vjksjk ₹ 90]000 gSA iwath ij C;kt 12% okf"kZd
dh nj ls fn;k tkrk gS vkSj vkgj.k ij C;kt 15% okf"kZd dh nj ls fy;k tkrk
gSA 31 ekpZ 2022 dks mijksDr lek;kstuksa ds iwoZ QeZ dk ykHk ₹ 12]600 gSA
vkgj.k & jke ₹ 2]000 vkSj ';ke ₹ 4]000 A
ykHk&gkfu lek;kstu [kkrk cukbZ,A dk;Zfof/k dks Li"V dhft,A iwWth ij C;kt
gkfu dh fLFkfr esa Hkh fn;k tkuk gSA
Ram and Shyam are partners in a firm for 5:3 ratio. Their fixed capitals as on 1st April
2021 was ₹ 70,000 by Arun and ₹ 90,000 by Arora . Interest on capital is given @ 12%
per annum and interest on drawings is charged @ 15% per annum. The profit of the

firm before the above adjustment as on 31st March 2022 was ₹12,600 . Drawings of
Ram ₹ 2,000 and Shyam ₹ 4,000. Prepare profit and loss adjustment account. Explain
the procedure interest on capital is also to be paid in case of loss.

239

2. A] B, C ,oa D leku lk>snkj gSA 1 tuojh 2021 dks mudh iwath ds 'ks"k dze'k%

₹ 4]000] ₹ 6]000] ₹8]000 rFkk ₹ 10]000 FksA o"kZ 2021 ds [kkrs cukus vkSj cUn

djus ds ckn irk pyk fd lk>snkjh Bgjko ds vuqlkj ykHk foHkktu ls iwoZ
lk>snkjksa dh iwath ij 5% okf"kZd dh nj ls tks C;kt ns; Fkk] og muds iwWath
[kkrksa esa tek ugha fd;k x;kA
lk>snkjksa esa ;g fu'p; gqvk fd fpV~Bs dks ifjofrZr djus ds LFkku ij vxys
o"kZ ds izkjEHk esa ,d tuZy izfof"V }kjk lek;kstu dj fn;k tk,A vko';d
tuZy izfof"V dhft,A
A, B, C and D are equal partners in a firm.On 1st January 2021 their capitals were
₹ 4,000, ₹ 6,000, ₹ 8,000 and ₹ 10,000 respectively. After closing the accounts for
2021, it was, however, revealed that interest on partner's capital @ 5% per annum
could not be credited as was provided in the partnership agreement.
It was decided to rectify the error by passing an adjustment entry at the beginning of
next year revising the Balance sheet. Give necessary adjustment entry.

3- fuEukafdr n'kkvksa esa 12% okf"kZd dh nj ls vkgj.kksa ij C;kt dh x.kuk dhft,&
i. izR;sd ekg ds izkjaHk esa izfrekg ₹ 1]000 o"kZ Hkj vkgj.kA
ii. izR;sd ekg ds var esa izfrekg ₹ 1]000 o"kZ Hkj vkgj.kA
iii. izR;sd ekg ds e/; esa izfrekg ₹ 1]000 o"kZ Hkj vkgj.kA
Calculate the interest on drawings @ 12% per annum in the following cases-
i. ₹ 1000 are drawn on the first day of every month throughout the year.
ii. ₹ 1000 are drawn on the last day of every month throughout the year.
iii. ₹ 1000 are drawn in the middle of every month throughout the year.

4- foeyk ,oa deyk ,d QeZ esa 2%1 ds vuqikr ds ykHk o gkfu foHkktu ds lk>snkj
gS] mudh iWwath dze'k% ₹ 80]000 rFkk ₹ 50]000 gSA o"kZ ds nkSjku ykHk ₹ 45]000
gSaA lk>snkjh foys[k ds vuqlkj nksuksa lk>snkj osru ds fy, vuqer gSa ftlesa
foeyk ₹ 700 izfr ekg vkSj deyk dks ₹ 500 izfrekg izkIr gksrs gSaA o"kZ dh
lekfIr ij vkgj.k foeyk ₹ 8]000 rFkk deyk ₹ 7]500 Fks A vkgj.kksa ij 5%

okf"kZdh dh nj ls C;kt izHkkfjr gksrk gSA lk>snkjksa dk ykHk gkfu lek;kstu [kkrk
,oa iWwath [kkrk rS;kj djsa vkSj eku dj pys dh iwWath vfLFkj gSA

240

Vimla and Kamla are partners in a firm sharing profit and loss in the ratio 2:1, Their
capitals are ₹ 80,000 and ₹ 50,000 respectively. The profit during the year is ₹ 45,000.
As per the partnership deed both the partners are allowed for salary in which Vimla
gets ₹ 500 per month and Kamla gets ₹ 700 per month. Drawings at the end of the year
were ₹8,000 for Vimla and ₹7.500 for Kamla. Drawings are charged interest @ 5%
p.a. Prepare Profit Loss Appropriation Account and Capital Account of the partners
and assume that the capital is fluctuating.

5- jke] eksgu rFkk xksiky dze'k% ₹ 50]000-] ₹ 30]000 vkSj ₹ 20]000 dh iwath ds
lk>snkj gSA lk>snkjh lays[k ds vuqlkj iwath ij 6% okf"kZd C;kt fn;k tk,xk]
fdUrq vkgj.k ij dksbZ C;kt ugha fy;k tk,xkA lk>snkj dze'k% 3%2%1 ds vuqikr
esa ykHk&gkfu ckWVrs gSA xksiky dks ₹ 5000 izfro"kZ osru fn;k tk,xkA o"kZ esa
mUgksus ₹ 6]000] ₹ 5]000 rFkk ₹ 6]000 jksdM+h fudkys] eksgu us ₹ 2]000 dh ykxr
dk eky fy;kA ftldh iqLrdksa esa dksbZ izfof"V ugh dh xbZA osru] C;kt rFkk
eky dk ys[kk djus ds iwoZ o"kZ 2021 dk ykHk ₹60]000 FkkA
lk>snkjksa ds pkyw [kkrs o QeZ dk ykHk&gkfu [kkrk cukb,A
Ram, Mohan and Gopal are the partners. The capital of partners are ₹ 50,000, ₹ 30,000
and ₹ 20,000 respectively. As per partnership deed the interest on the capital will be
given @ 6% p.a. but no interest will be charged on withdrawl. They divide the profit
and loss in the ratio of 3:2:1. Gopal will get salary ₹ 5000 per year. The partners has
withdrawn ₹ 6,000, ₹ 5,000 and ₹ 6,000 respectively.Mohan has taken goods from
the firm worth ₹ 2,000 but it is not recorded in the books. Before paying salary, Interest
and the amount of goods the profit was ₹ 60,000 for the year 2021.
Prepare the current account of the partners and profit and loss account of the firm.
6- lat; ,oa fot; 3%2 ds vuqikr ls ykHk ds vk/kkj ij lk>snkjh djrs gSa ftlesa
mUgksusa dze'k% ₹ 1]00]000 rFkk ₹- 30]000 yxk, gSA iwWath ij 6% dh okf"kZd nj
ls C;kt izHkkfjr djuk r; gS rFkk fot; dks osru ds esa ₹ 5]000 izfro"kZ ns;
vuqer gSA o"kZ 2021 ds nkSjku fot; dk osru fudkyus ds ckn ykHk dh jkf'k
₹- 24]500 curh gSA blesa ykHk dh jkf'k dk 5% Hkkx deh'ku ds :i esa eSustj

dks ns; gSA ykHk ds foHkktu dks n'kkZus okyk [kkrk rFkk lk>snkjksa dh iwWath [kkrk
rS;kj djsaA

241

Sanjay and Vijay are in partnership sharing profit in the ratio of 3:2 in which they
have invested ₹ 1,00,000 and ₹ 30,000 respectively. It is fixed to charge interest at the
rate of 6% per annum on capital and Vijay is allowed ₹ 5,000 per annum as salary.
After deducting Vijay's salary during the year 2021, the amount of profit comes to
₹ 24,500. In this, 5% of the profit amount is payable to the manager as commission.
Prepare an account showing the division of profits and the partners' capital account.
7- calr o fo".kq ,d QeZ esa lk>snkj gSA 1 tuojh 2021 dks mudh iwath dze'k%
₹ 25]000 vkSj ₹ 20]000 A mUgsa iwath ij 8 % izfro"kZ dh nj ls C;kt fn;k tkrk

gS rFkk muds vkgj.kksa ij 12% izfro"kZ C;kt yxk;k tkrk gSA calr us 1 tqykbZ
2021 dks ₹ 10]000 QeZ dks _.k ds :i esa fn,A fo".kq ₹ 5]000 okf"kd osru dk
vf/kdkjh gSA muds vkgj.kksa ij C;kt dze'k% ₹ 600 vkSj ₹ 500 yxk;k x;kA 31
fnlEcj 2021 dks lekIr gksus okys o"kZ dk ykHk mi;qZDr lek;kstu ds iwoZ ₹
25]000 Fkk o"kZ 2021 dk ykHk&gkfu lek;kstu [kkrk vkSj lk>snkjksa dk iwath [kkrk
cukb,A

Basant and vishnu are partners in a firm whose capital on 1st January 2021 where ₹
25,000 and ₹ 20,000 respectively. They are allowed interest on capital at the rate of 8%
p.a and interest on drawings is charged @ 12% p.a. Basant gave ₹ 10,000 to the firm
as a loan on 1st July 2021.Vishu is entitled to receive an annual salary of ₹ 5,000.Interest
charged on their drawings were ₹ 600 and ₹ 500 respectively. The profit before making
above adjustments were ₹ 25,000.
Prepare Profit and Loss appropriation account and partners capital account for the year
2021.
8- v vkSj c ,d QeZ esa lk>snkj gS] tks ykHk&gkfu cjkcj vuqikr esa ckWVrs gSA mudh
LFkk;h iwath dze'k% ₹ 80]000 vkSj ₹ 60]000 gSA o"kZ 2021 esa iwath ij C;kt 6 %
ds LFkku ij 5 % dh nj ls dzsfMV fd;k x;kA =qfV ds lq/kkj gsrq lek;kstu
izfof"V nhft,A
A and B are partners in a firm distributing profits equally. A and B’s fixed capitals are
₹ 80,000 and ₹ 60,000 for the year 2021. Interest on capital is charged @ 5% p.a.

instead of 6% p.a pass necessary rectifying journal entry.

242

Goodwill- Nature and its valuation

(Choose the right option)

1- lokZf/kd ewY; gksrk gS %&
a) pwgs dh LoHkko okyh [;kfr dk b) fcYyh dh LoHkko okyh [;kfr dk

c) dqRrs dh LoHkko okyh [;kfr dk d) lHkh dk
Highest value is fetched by
a) Rat goodwill b) Cat goodwill
c) Dog goodwill d) All of the above
2- [;kfr gS %&
a) ,d py laifRr b) ,d LFkkbZ laifRr

c) ,d ewrZ laifRr d) ,d d`frZe laifRr
Goodwill is said to be a:-
a) Floating asset b) Fixed asset
c) Tangible asset d) Fictitious asset
3- fdldk LoHkko [;kfr ls laca/k ugha j[krk gS&
a) pwgs dk b) fcYyh dk

c) dqRrs dk d) 'ksj dk
Which is not related to nature of goodwill-
a) Rat b) Cat
c) Dog d) Tiger
4- vf/kykHk dk vFkZ gS&
a) dqy ykHk@o"kksZ dh la[;k b) vkSlr ykHk&lkekU; ykHk

c) Hkkfjr ykHk d) buesa ls dksbZ ugha
Super profit is-

a) Total profit/ Number of years b) Average profit - Normal profit
c) Weighted profit d) None of these

243

5- [;kfr ij gkzl %&
a) vU; laifRr;ksa dh Hkkafr yxk;k tkrk gS

b) maph nj ls gkzl yxk;k tkrk gS

c) ugha yxk;k tkrk gS

d) fuEu nj ls gkzl yxk;k tkrk gS

Depreciation on Goodwill is
a) Charged like other assets b) Charged at high rate
c) Not at all charged d) Charged at low rate

6- laifRr tks dkYifud ugha ]cfYd vewrZ gS vkSj bldk okLrkfod ewY; gSS %&
a) e'khujh b) Hkou c) QuhZpj d) [;krh

An asset which is not fictitious, but intangible and have realisable value is
a) Machinery b) Building c) Furniture d) Goodwill

7- vf/kykHk dk vFkZ gS %&
a) lkekU; ykHk ls de b) lkekU; ykHk ls vf/kd

c) vkSlr ykHk d) buesa ls dksbZ ugha
Super profit means
a) Less than normal profit b) Above the normal profit
c) Average profit d) None of these

8- vkSlr ykHk dh x.kuk djrs le;] foxr o"kZ dh gkfu dks %&
a) tksM+k tkrk gS b) ?kVk;k tkrk gS

c) dqN Hkh ugha fd;k tkrk d) nks ckj ?kVk;k tkrk gS
In the calculation of average profit ,past years losses are
a) Added b) Subtracted
c) Nothing is done d) Subtracted twice

9- ftl [;kfr dks iqLrdksa esa ugha fy[kk tkrk] dgykrh gS %&
a) vewrZ [;kfr b) ewrZ [;kfr

c) LokfufeZr [;kfr d) d`f=e [;kfr

Goodwill which is never recorded in the books are called
a) Intangible b) Tangible c) Self-generated d) Fictitious

244

Answer in one word/Sentence -

1- fdlds LoHkko okyh [;kfr dk ewY; lcls de gksrk gSA
Which type of goodwill commands the lowest value?

2- lkekU; ykHk ij ftl ykHk dk vkf/kD; gksrk gS] og dgykrk gSA
What is the excess of actual profit over and above normal profit?

3- ,d O;olk; esa fofu;ksftr iwath ij izR;k; dh nj dks D;k dgk tkrk gS \
What do you mean by rate of return on capital employed by a business?

4. vkSlr ykHk iwathdj.k fof/k ls [;kfr dh x.kuk fdl izdkj dh tkrh gS \
How the Goodwill is valued under the method capitalisation of average profit?

5- vf/kykHk Kkr djus dk lw= fyf[k, A
Write the formula of calculating super profit

6- ,d QeZ dh [;kfr dks LFkku fdl izdkj izHkkfor djrk gS \
How the Goodwill of a firm is affected by a place ?

7- ,d uo LFkkfir O;olk; dh rqyuk eas igys ls fo/keku O;olk; dks vf/kd ykHk
vftZr djus esa dkSu lk ?kVd lgk;d gksrk gSA
Name the factor which enables existing business firm to earn more profit than newly
set up firm.

8- [;kfr fdl izdkj dh lEifRr gS \
What type of asset is goodwill?

9- [;kfr ds ewY;kadu dk vk/kkj D;k gS \
What is base of calculation of goodwill ?

10- tc lk>snkj dh lEifRr;ksa ls nkf;Ro vf/kd gks tk, rks mls D;k dgsxsa \
When liabilities of the partners are more than his assets then it is called as ?

245

(Theory question)

1- [;kfr dh ifjHkk"kk fyf[k,A
Define goodwill
2- ^^[;kfr ,d vewrZ laifRr gS** le>kbZ;sa \
"Goodwill is an intangible asset" Explain
3- vf/kykHk fof/k ls [;kfr dh x.kuk ds lw= fyf[k,A
Write the formula for the valuation of goodwill under super profit method.
4- [;kfr dh izd`fr dks le>kbZ;sa \
Explain the nature of goodwill.
5- ,d lk>snkjh QeZ esa [;kfr dk ewY;kadu fdu ifjfLFkfr;ksa esa fd;k tkrk gS \
In which circumstances goodwill of a firm is required to be valued?
6- [;kfr dks izHkkfor djus okys 3 rRoksa dks le>kbZ;saA
Explain the 3 factors affecting the goodwill.
7- [;kfr dh izeq[k fo'ks"krkvksa dks fyf[k,A ¼dksbZ rhu½
What are the characteristics of goodwill ? (any three)
8- mu n'kkvksa dks crkb, tc lk>snkjh esa [;kfr dk ewY;kadu vko';d gksrk gSA
Write those conditions when valuation of goodwill essential in partnership.

(Theory question)

1- [;kfr fdrus izdkj dh gksrh gS] le>kbZ;sa \
State the types of goodwill and explain them
2- [;kfr ds ewY;kadu dh fof/k;ksa dh O;k[;k dhft,A
Explain the methods of valuation of goodwill
3- [;kfr mRiUu gksus ds dkj.kksa dks le>kb,A
Explain the causes of creation of goodwill.
4- xqIr [;kfr D;k gS \ bls fdl rjg Kkr fd;k tkrk gSA
What is hidden Goodwill? How it is calculated?
5- vkSlr ykHk ,oa vf/kykHk esa varj Li"V dhft,A

Distinguish between average profit and super profit

246

6- vkSlr ykHk fof/k ds vuqlkj [;kfr ds ewY;kadu dh fof/k mnkgj.k lfgr le>kbZ;sA
Explain the average profit method of finding out the value of goodwill with suitable
example
7- fuEukafdr ij fVIif.k;kW fyf[k, %&
v& [;kfr dh x.kuk dh Hkkfjr vkSlr ykHk fof/k
c& [;kfr dh x.kuk dh iwathdj.k fof/k
Write short notes on-
a) Weighted average profit method of calculating goodwill
b) Capitalisation method of calculating goodwill

(Practical question)

1- xr ik¡p o"kks± esa ,d QeZ dk ykHk bl izdkj gS % o"kZ 2017] 4]00]000 #-] o"kZ
2018] 3]98]000 #] Ok"kZ 2019] 45]000 #-] o"kZ 2020] 4]45]000 #- vkSj o"kZ
2021] 5]00]000 #-A
ik¡p o"kks± ds vkSlr ykHkksa ds pkj o"kksZ ds Ø; ds vkèkkj ij QeZ dh [;kfr dh
x.kuk dhft, \
The profit of a firm for the last 5 years amounted to ₹ 4,00,000 year 2017, ₹ 3,98,000
year 2018, ₹ 45,000 year 2019, ₹ 4,45,000 year 2020 and ₹ 5,00,000 for year 2021.
The value of goodwill is to be calculated at 4 years purchase of 5 years average
profit. Calculate the amount of goodwill.
2- ,d O;kikfjd QeZ dh iwath ₹ 90]000 gSA QeZ dk vkSlr ykHk ₹ 9]000 gSA ,sls
O;kikj ls 9 % ykHk visf{kr gSA vf/kykHk ds iwathd`r fof/k ds vuqlkj [;kfr
dh x.kuk dhft,A
The capital of a business firm whose capital is ₹ 90,000. The average profit of the
firm is ₹ 9,000. The normal rate of return of the business is 9%. Find out the value
of goodwill on the basis of capitalisation method.
3- ,d QeZ dk vkSlr 'kq) ykHk ₹ 42]000 izfro"kZ gSA O;olk; esa fofu;ksftr iwath
₹ 2]00]000 gSA bl izdkj ds O;olk; esa fofu;ksftr iwath ij C;kt 12% gSA

lk>snkj dks ₹ 8]000 okf"kZd ikfjJfed fn;k tkrk gSA [;kfr dh x.kuk 2 o’kZ
ds dz; ij vf/kykHk fof/k }kjk dhft,A

247

The average net profit of a firm is ₹ 42,000 per year . The average capital employed
in such type of business by the firm is ₹ 2,00,000. The rate of return on capital
invested in this class of business is 12%. Remuneration to partner is expected to be
₹ 8,000 per annum .Calculate the value of goodwill at 2 years purchase of super
profit.

4- ;g vuqeku Fkk fd ,d QeZ viuh ₹ 80]000 dh iwath ij 8 % ykHk dek,xhA
fiNys pkj o"kksZ dk okLrkfod ykHk ₹ 10]000 okf"kZd gSA lk>snkjh lays[k ds
vuqlkj vf/kykHk ds nks o"kZ ds dz; ds cjkdj [;kfr fudkyh tkrh gSA [;kfr
dh jkf'k fudkfy,A
It is estimated that a firm makes a profit of 8% on its capital of 80,000. The real
average profit of the last 4 years is 10,000. According to the partnership deed
goodwill is valued at two years purchase of the super profit. Find out the amount
of the goodwill.
5- ,d O;olkf;d QeZ us fiNys o"kksZ esa ₹ 1]00]000 okf"kZd vkSlr ykHk vftZr
fd;kA vf/kykHk ds iwathdj.k fof/k }kjk [;kfr dk ewY; Kkr dhft, tcfd
QeZ dh laifRr;kW ₹ 10]00]000 gks rFkk ckgjh nkf;Ro ₹ 1]50]000 gksA fofu;ksftr
iwath ij izR;k; dh lkekU; nj 10% gSA
The average net profit of the a firm is ₹ 1,00,000. Calculate goodwill by
capitalisation of average profit method where the assets of the firm is ₹ 10,00,000
and external liabilities ₹ 1,50,000. The rate of return is 10% per annum.

(Practical question)

1. A rFkk B ,d QeZ esa dze'k% ₹ 26]000 rFkk ₹ 18]000 dh iwWath ds lkFk lk>snkj

gSA os C dks QeZ esa 1@5 Hkkx ds fy, lk>snkj cukrs gSA C iwWath ds :i esa ₹
16]000 yk,xkA fNih gqbZ [;kfr dh jkf'k Kkr dhft,A

A and B are patners in a firm with capitals of 26,000 and 18,000 respectively. They
admit C for 1/5 share . C will bring capital 0f 16,000 . Calculate the Hidden goodwill.

248

2. A rFkk B ,d QeZ esa leku lk>snkj gSA os C dks cjkcj vuqikr esa lk>snkj cukrs

gSA [;kfr dk ewY;kadu nks o"kksZ ds vkSlr ykHk ds dz; ds cjkcj gksxkA fiNys pkj
o"kksZ ds foRrh; ifj.kke fuEu izdkj FksA
A and B were equal partners in a firm. They admitted C for equal share. Goodwill is to
be valued at two years purchase of average profits of four years. The results of past four
years were us under.

o"kZ Years 31st March 31st March 31st March 31st March
2019 (₹) 2020 (₹) 2021 (₹) 2022 (₹)

ykHk@gkfu Profit Profit Loss Profit

Profit/Loss 1,40,000 2,00,000 1,10,000 2,90,000

lek;kstu
1- o"kZ 2019&20 esa vlkekU; ykHk ₹ 20]000 FkkA
2- o"kZ 2020&21 esa vlkekU; gkfu ₹ 40]000 FkkA
3- 01 ebZ 2020 dks dkj dh ejEer ds ₹ 1]00]000 :- xyrh ls eksVj Vªd
[kkrs esa MsfcV dj fn, FksA
lh/kh js[kk i)fr ls 10 % dh nj ls eksVj Vªd ij gkzl yxk;k x;kA
QeZ dh [;kfr Kkr dhft,A
Adjustment
1. Abnormal gain in 2019-20 was ₹ 20,000
2. Abnormal loss in 2020-21 was ₹ 40,000
3. Repairs of car ₹ 1,00,000 were wrongly debited to Motor Trucks Accout on 1st
May 2020
Depreciation was charged @ 10% on motor Trucks by straight line method.
Calculate goodwill of the firm.
3- ,d QeZ dh iwath 3 yk[k :i;s gSA 31 fnlEcj 2021 dks lekIr gksus okys o"kZ esa
QeZ us ₹ 50]000 ykHk vftZr fd;kA mlh izdkj ds O;olk; esa fofu;ksftr iwath

ij lkekU; izR;k; nj 10% gSA [;kfr dk ewY; b) vf/kykHk ds iwathdj.k ds
vk/kkj ij rFkk b) rhu o"kZ ds vf/kykHk ds dz; ds vk/kkj ij dhft,A

249

A firms capital is RS 3 lakh during the year ended 31st December 2021 the firm earned
a profit of ₹ 50,000. The rate of return on capital invested in similar business is 10%
.Calculate the value of goodwill
a ) Capitalisation of super profit and
b) 3 years purchase of super profit.

4. fiNys 5 o"kksZ esa ,d QeZ dks dze'k% ₹ 20]000] ₹ 24]000] ₹ 30]000] ₹ 25]0000 rFkk
₹ 18]000 ds ykHk gq;s gSA 3 o"kksZ ds dz; ds vk/kkj ij Hkkfjr vkSlr fof/k ls [;kfr

dk ewY; Kkr dhft,A
Hkkjkadu dze'k% 1]2]3]4]5 dhft,A

The profits of a firm for five years were - as under year I Profits ₹ 20000, year II, Profits
₹ 24000, year III Profits ₹ 30000, year IV Profits ₹ 25000, year V Profits ₹ 18000.
Calculate the value of goodwill on the basis of 3 years purchase of weighted average
based on weights 1,2,3,4 and 5 respectively to the profit of I, II, III, IV and V year.

250

Reconstitution of Partnership – Change in profit sharing
ratio among the existing partners

(Choose the right option)

1- ykHkkykHk vuqikr esa ifjorZu dh n'kk esa R;kx djus okys lk>snkj dh {kfr dh iwfrZ dh
tkrh gS&
a) QeZ }kjk b) lHkh iqjkus lk>snkjks }kjk
c) uQs okys lk>snkj }kjk d) mi;qZDr fdlh ds }kjk ugha

The Sacrificing partner, on change in profit sharing ratio will be compensated by-
a) Firm b) All old partners
c) Gaining partners d) None of the above
2- fo|eku lk>snkjksa ds ikjLifjd ykHkkykHk vuqikr esa ifjorZu djus ij lek;kstu fd;k
tkrk gS&
a) [;kfr dk b) lap; rFkk lafpr ykHk&gkfu dk

c) laifRr;ksa rFkk nkf;Roksa ds iqueZqY;kadu d) mi;qZDr lHkh dk
In case of change in profit sharing ratio among existing partners, adjustment must be made for-
a) Goodwill b) Reserve. Accumulated Profit and Losses
c) Revaluation of Assets in Liabilities d) All of the above

3- QeZ ds iquxZBu esa ftl lk>snkj ds ykHk dk Hkkx iwoZ dh rqyuk esa cM+ tkrk gS mls
dgrs gS&
a) uQs okyk lk>snkj b) R;kx djus okyk lk>snkj

c) eq[; lk>snkj d) izHkkoiw.kZ lk>snkj

If a partner gets more than his previous share in the reconstituted firm he is called

a) Gainer b) Sacrificing partner
c) Main partner d) influencing partner
.

251

4- u;s fu;eksa ds vuqlkj QeZ dh iqLrdksa esa [;kfr [kkrk rHkh n'kkZ;k tkuk pkfg, tc og
-----------[kjhnh xbZ gksA
a) laifRr ls b) jksdM+ ds vfrfjDr vU; izfrQy ds :i esa

c) jksdM+ esa d) izC;kft esa

According to new rules good will should be brought in the books only when it is received......
a) in kind b) in consideration other than cash
c) in cash d) in premium
5- ;fn QeZ ds iquxZBu ds varxZr fdlh lk>snkj dk Hkkx iwoZ dh rqyuk esa de gks tkrk gS
rks mlds iwath [kkrs dks&
a) MsfcV fd;k tkrk gS b) dzsfMV fd;k tkrk gS

c) nqxuh jde ls dzsfMV fd;k tkrk gS d) u rks MsfcV fd;k tkrk gS vkSj ukfg dzsfMV
If a partner gets less than his previous share in the reconstituted firm, his capital account will
be-
a) Debited b) Credited
c) Credited by double amount d) Neither debited nor credited

Answer in one word/Sentence -

1- lk>snkjh Bgjko esa fd;k tkus okyk ifjorZu D;k dgykrk gSA
What does the change in partnership agreement amount to?
2- lk>snkjh QeZ ds iquxZBu gksus ds nks dkj.k crkbZ,A
State any two occasions on which a partnership firm can be reconstituted.
3- uQs ds vuqikr dk vFkZ le>kbZ,A
Explain the meaning of gaining ratio?
4- R;kx dk vuqikr D;k gS \
What is sacrificing ratio?

(Theory question)

1- uQs okys rFkk R;kx djus okys lk>snkj dk vFkZ mnkgj.k dh lgk;rk ls le>kbZ,A
Explain with example the meaning of gaining partner and sacrificing partner.

252

2- ykHkkykHk vuqikr esa ifjorZu djus ij [;kfr D;kas fu/kkZfjr dh tkrh gS\
Why Goodwill is determined on the occasion of change in profit sharing ratio of existing
partners?
3- lk>snkjh QeZ ds iquxZBu dk vFkZ le>kbZ,A
Explain the meaning of reconstitution of partnership firm.

(Theory question)

1- lk>snkjh QeZ ds iquxZBu ij laifRr;ksa ,oa nkf;Roksa ds iquewZY;kadu dh vko';drk
dks laf{kIr esa O;k[;k dhft,A ¼dksbZ pkj½
Briefly explain any four points of the need for the revaluation of assets in liabilities on
the reconstitution of a partnership firm.

2- R;kx ds vuqikr rFkk uQs ds vuqikr esa varj Li"V dhft,A
Distinguish between sacrificing ratio and gaining ratio.

3- QeZ ds iquxZBu ij dkSu ls lek;kstu vko';d gksrs gSA
What adjustment are required at the time of reconstitution of the firm?

4- ykHkkykHk vuqikr esa ifjorZu gksus ij vforfjr ykHk ,oa lap; dks fdl izdkj
foHkkftr fd;k tkrk gSA tuZy izfof"V lfgr le>kbZ,A
How are undistributed profits and reserves distributed among the existing partners in case
of change in their profit-sharing ratio? Explain with journal entry.

(Practical question)

1. ,Dl okbZ vkSj tsM ,d QeZ esa 2%2%1 ds vuqikr esa lk>snkj gSA mUgksuas vius ykHk
gkfu dks Hkfo"; esa 3%2%2 ds vuqikr esa djus dk fu'p; fd;kA QeZ dh [;kfr ₹
40]000 gSA iqLrdksa esa fo|eku [;kfr ₹ 20]000 gSA vko';d tuZy ys[ks dhft,A
X ,Y and Z are partners sharing profits in the ratio of 2:2:1. They decided to share future
profits in the ratio of 3:2:2. Goodwill of the firm was valued at ₹ 40,000. Goodwill

already appeared in the books ₹ 20,000 .
Pass necessary journal entries.

253

2. , vkSj ch ,d QeZ esa 3%1 ds vuqikr esa lk>snkj gSA mudk fpV~Bk 31-12-2021 dks
fuEu izdkj Fkk&
A and B are partners in a firm in the ratio of 3:1. Their Balance Sheet as on 31.12.2021
stood as under :-
fpV~Bk ¼31-12-2021dks½
Balance Sheet(As on 31.12.2021)
nkf;Ro ¼Liabilities½ jkf'k ₹ lEifR;kW ¼Assets½ jkf'k ₹
ysunkj ¼Creditors½ 28]000cSd esa jksdM 50]000
ns; foi= ¼Bill Payable½ 40]000+¼Cash at bank½
vnRr osru 2]000 nsunkj¼Debtors½ 60]000
(Outstanding salary) LVkWd¼Stock½ 40]000
iwath (Capital) ;a=¼Plant½ 1]00]000
, A 2]00]000 Hkwfe o Hkou 1]50]000
ch B 1]30]000 ¼Land& Building½
4]00]000 4]00]000
mUgksusa vius ykHkkykHk vuqikr esa ifjorZu djus dk fu'p; fd;k vkSj Hkfo"; esa
cjkcj vuqikr esa ykHk gkfu dks ckWVus dk fu.kZ; fy;kA QeZ esa fuEufyf[kr lek;kstu
gq,&
1- ;a= dk ewY; ₹ 1]30]000 j[kuk gSA
2- Hkwfe o Hkou dk ewY; ₹ 1]57]000 j[kuk gSA
3- LVkWd dk ewY; fpV~Bs esa ₹ 6]000 vf/kd yxk;k x;k gSA
4- nsunkjksa ij lafnX/k _.kksa ij 5 % vk;kstu djuk gSA
5- ₹ 4]500 ds ysunkj fpV~Bs esa ugha fn[kk;s x;s gS ftudk Hkqxrku djuk 'ks"k gSA
iquewZY;kadu [kkrk cukbZ,A
They decide to change their future profit and decides to share equally . Following are the
adjustment
1. Plant will be appreciated to ₹ 1,30,000.
2. Land & Building will be appreciated to ₹ 1,57,500.
3. Stock is overvalued by ₹ 6,000.
4. A provision for bad and doubtful debts is to be created @ 5% on debtors.

5. Creditors of ₹ 4,500 not shown in the books are yet to be paid.
Prepare Revaluation Account.

254

(Practical question)

1. A B rFkk C ,d QeZ esa dze'k% 5%3%2 ds vuqikr esa lk>snkj gSA 1 tuojh 2021 ls
os viuk vuqikr cnydj 2%3%5 j[kus dk fu.kZ; djrs gSA 31 fnlEcj 2021 dks muds
fpV~Bs esa fuEu lwpuk nh xbZ gS %&
A, B and C are partners in a firm sharing in the ratio of 5:3:2. They decided to change their
profit sharing ratio to 2:3:5. Their Balance sheet is as follows :-
nkf;Ro ¼Liabilities½ jkf'k ₹ lEifR;kW ¼Assets½ jkf'k ₹
fofu;ksx mPpkopu lap; 3]000 fofu;ksx ¼ykxr ij½ 40]000
Investment Fluctuation Reserve Investment (At cost)

crkbZ, fd fuEukafdr n'kkvksa esa QeZ dh iqLrdksa esa D;k&D;k tuZy izfof"V;kW gksxh&
What journal entries are to be passes in the following conditions:-
1- tc fofu;ksx dk cktkj ewY; ykxr ds cjkcj gksA
When market value of Investment is equal to its cost.
2- tc fofu;ksx dk cktkj ewY; :i;s 38]000 gksA
When market value of Investment is 38,000
3- tc fofu;ksx dk cktkj ewY; :i;s 41]000 gksA
When market value of Investment is 41,000
2- lhrk] xhrk vkSj jhrk ,d QeZ esa lk>snkj gS tks 4%3%2 ds vuqikr esa ykHk &gkfu
dk foHkktu djrs gSA mUgksaus 1 vizSy 2020 ls ykHk&gkfu leku vuqikr esa ckWaVus
dk fu.kZ; fd;kA mDr frfFk dks QeZ dh iqLrdksa esa lkekU; lap; 1]80]000 :-]
deZpkj {kfriwfrZ dks’k 60]000 :- vkSj ykHk&gkfu [kkrs dk dzsfMV 'ks"k 45]000 :-
FkkA
mijksDr enks dks lk>snkj ds iwwath [kkrs eas gLrkarj.k djrs gq;s tuZy izfof"V;kW
dhft,A
A, B and C are partners sharing profit and loss account in the ratio of 4:3:2. On 1st April,
2020 they decided to share profit and loss equally. On that date books of accounts show
1,80,000 in general reserve , 60,000 in workmen compensation fund and credit balance

of 45,000 in profit and loss account. Pass journal entries for the above trading that the
above may be transferred to partner’s capital .

255

Admission of new Partner

(Choose the right option)

1- R;kx vuqikr dk lehdj.k gS &
a) iqjkuk vuqikr & u;k vuqikr] b) u;k vuqikr & iqjkuk vuqikr
c) iqjkuk vuqikr $ u;k vuqikr] d) buesa ls dksbZ ugha
Equation of sacrificing ratio is-
a) Old ratio - New ratio b) New ratio - Old ratio
c) Old ratio + New ratio d) None of the above

2- iquewZY;kadu [kkrk [kksyk tkrk gS-
a) lk>snkj ds izos'k ij] b) QeZ ds lekiu ij
c) QeZ dh ,dhdj.k ij] d )lk>snkjh QeZ ds fodz; ij
Revaluation account is opened at the time of-
a) Admission of a new partner b) Dissolution of firm
c) Amalgamation of firm d) Sale of partnership firm.
3- tc u;k lk>snkj izhfe;e dh jkf'k uxn ykrk gS rks blls tek fd;k tkrk gS %
a) u, lk>snkj ds iwath [kkrs esa b) izhfe;e [kkrs esa
c) u, lk>snkj ds pkyw [kkrs esa d) cSad [kkrs esa
The amount of premium brought in by new partner is credited in
a) Capital account of new partner b) Premium account
c) New partner's current account d) Bank account

4. iquewZY;kadu ij gksus okyk ykHk fdl vuqikr esa ckWVk tkrk gS &
- a) u;s ykHkkykHk vuqikr esa b) iqjkus ykHkkykHk vuqikr esa
c) R;kx vuqikr esa d) izkfIr vuqikr esa
The profit on revaluation is distributed in which ratio-

a) New profit sharing ratio b) Old profit sharing ratio
c) Sacrificing ratio d) Gaining ratio

256

5. tc u;k lk>snkj QeZ esa izos'k djrk gS rks QeZ dh fo|eku laifRr ,oa nkf;Roksa
dks&
- a) iwuewZY;kafdr fd;k tkrk gS
b) ;Fkkor j[kk tkrk gS
c) lc lk>snkjksa dks leku :i ls forfjr fd;k tkrk gSA
d) u;s lk>snkj dks Hkh mldh iwath ds vuqikr esa tek dj fn;k tkrk gSA
The assets and liabilities existing in the firm's balance sheet on the admission of new
partner are-
a) Revalued
b) Kept as usual
c) Distributed to all partners equally
d) Credited to new partner in the ratio of their capital.
6. iquewZY;kadu [kkrk cuk;k tkrk gS&
- a) O;olk; izkjaHk djus ij b) O;olk; can djus ij
c) QeZ ds fo?kVu ij d) u;s lk>snkj ds izos'k ij
Revaluation account is made -
a) At start of firm b) At end of the firm
c) At dissolution of firm d) At admission of firm
7. iquewZY;kadu ij ykHk ;k gkfu dks ogu djrs gSA
- a) iqjkus lk>snkj b) u;s lk>snkj
c) lHkh lk>snkj d) buesa ls dksbZ ugha
Profit or loss on revaluation borne by -
a) Old partners b) New partners
c) All partners d) None of these

8- u, lk>snkj dh izos'k ds le; lkekU; lap; dks gLrkarfjr fd;k tkrk gS&
a) iquewZY;kadu [kkrs esa b) iqjkus lk>snkj ds iwath [kkrs esa
c) ykHk gkfu lek;kstu [kkrs esa d) olwyh [kkrs esa
General reserve at the time of admission of a new partner is transferred to-

a) Revaluation account b) Old partner's capital account
c) Profit and loss adjustment account d) Realisation account

257

9. A rFkk B ,d QeZ esa 2: 1 ds vuqikr esa lk>snkj gSA os C dks QeZ esa 1@4 Hkkx
ds fy, lk>snkj cukrs gSA A, B rFkk C dk u;k ykHk vuqikr D;k gksxk&
a) 2:1:1 b) 3:2:1 c) 2:2:1 d) 1:1:1
A and B are partners in a firm in the ratio of 2:1 respectively. They admit C for
1/4th share in the firm. The new profit sharing ratio of the firm will be-
a) 2:1:1 b) 3:2:1 c) 2:2:1 d) 1:1:1

10. QeZ dh iquxZBu dh n'kk eas ewY;kafdr [;kfr dh jkf'k u;s fu;eksa ds vuqlkj &
- a) QeZ dh iqLrdksa esa n'kkZ;h tkrh gSA
b) iqjkus lk>snkjks dks uxn ns nh tkrh gSA
c) iqjkus lk>snkjksa ds pkyw [kkrs esa n'kkZ;h tkrh gSA
d) QeZ dh iqLrdksa esa u n'kkZdj iqjkus lk>snkjksa ds iwath [kkrs esa lek;ksftr dj
nh tkrh gSA
The Goodwill valued in reconstitution of a firm according to new rules is-
a) shown in the books
b) paid to old partners in cash
c) credited in old partner's current account
d) adjusted in the capital account of partners.

Answer in one word/Sentence -

1- R;kx vuqikr dh x.kuk D;ksa vko';d gS \
Why is it necessary to calculate sacrificing ratio?
2- iquewZY;kadu [kkrk fdls dgk tkrk gS \
What do you mean by Revaluation account?
3- iquewZY;kadu [kkrs dk 'ks"k dgkW gLrkarfjr fd;k tkrk gS \
Where is the Revaluation account balance transferred?
4- lk>snkj ds izos'k dk D;k vk'k; gS \
What is meant by admission of a partner

5- lk>snkj dks izos'k dSls fn;k tkrk gS \
How is a partner admitted ?

258

6- u;k lk>snkj [;kfr ds fy, izhfe;e D;ksa ykrk gS \
Why does a new partner bring premium for goodwill in the firm?
7- ;fn u;k lk>snkj [;kfr ds fy, izhfe;e dh jkf'k uxn ugha ykrk gS bldk ys[kk
fdl izdkj fd;k tkrk gS \
If the new partner does not bring Goodwill in cash how will it be recorded.

8. u;k lk>snkj iwWath D;ksa ykrk gS \
Why does a new partner bring the capital?
9- QeZ esa u, lk>snkj dks izos'k nsus dk dksbZ ,d m}s'; fyf[k,A
State any one purpose for admitting a new partner in a firm.
10- ;fn u;k lk>snkj [;kfr ds izhfe;e dk viuk Hkkx oLrq ds :i esa ykrk gS rks
D;k tuZy izfof"V dh tk,xhA
When a new partner brings his share of premium for goodwill in kind, what
journal entries are made?

(Theory question)

1- u;s lk>snkj dks izos'k nsus dh vko';drk ds rhu dkj.k fyf[k, A
Write any three purposes for admission of a new partner

2- dkSu&dkSu lh n'kkvksa esa iquewZY;kadu [kkrk rS;kj fd;k tkrk gS \
What are the different situations in which revaluation account is opened?

3- u, lk>snkj dks D;k&D;k vf/kdkj izkIr gksrs gSa \ ¼dksbZ rhu½
What are the rights of a new partner ?
4- ;fn u;k lk>snkj [;kfr ds izhfe;e dk viuk Hkkx oLrq ds :i esa ykrk gS rks
D;k tuZy izfof"V dh tk,xh \
When a new partner brings his share of premium for Goodwill in kind ,what journal
entries are made ?
5- fNih gqbZ [;kfr D;k gS bls dSls Kkr fd;k tkrk gS \

What is hidden Goodwill? How is it calculated?

259

(Theory question)

1- iquewZY;kadu [kkrk D;k gS] ;g D;ksa cuk;k tkrk gS] bls dSls cuk;k tkrk gS \
What is revaluation account? Why it is prepared and how it is prepared?
2- lk>snkj ds izo's k ij lafpr ykHk ,oa gkfu dk ysa[kkdu O;ogkj D;k gksxk \
What is the treatment of accumulated profits and losses at the time of admission of a
new partner?
3- fuEukafdr ij foLr`r fVIi.kh fyf[k,
aa) lafpr ykHk rFkk lap;

b) u, lk>snkj ds izos'k ds le; iwath dk lek;kstu
Write explanatory notes on the following
a) Accumulated profit and reserve
b) Adjustment of capital on the admission of a new partner
4- [;kfr ds fy, izhfe;e dk D;k vk'k; gS ;g D;ksa fufeZr dh tkrh gS \
What is meant by premium for Goodwill? Why is it created ?

(Practical question)

1- vatw vkSj eatw ,d QeZ esa 3%2 ds lk>h gS] mUgksuas :fp dks 1@5 Hkkx nsdj lk>h
cuk;kA mudk u;k ykHk&gkfu vuqikr D;k gksxk \
Anju and Manju are partners in a firm sharing in the ratio of 3: 2. They admitted Ruchi
for 1/5 share. Calculate new ratio ?
2- X ,oa Y lk>snkj gS] tks fd 7%3 esa ykHk&gkfu dk foHkktu djrs gSaA mUgksusa Z
dks u;k lk>snkj cuk;kA X vius Hkkx dk 1@7 Hkkx rFkk Y vius Hkkx dk 1@3
Hkkx Z ds i{k esa lefiZr djrs gSaA u;k ykHk&gkfu vuqikr Kkr dhft,A
X and Y are partners sharing profits and losses in the ratio of 7:3. Z was admitted as a
partner. X surrendered 1/7 of his share and Y surrendered 1/3 of his share in favour of
Z. Calculate new profit sharing ratio.

3- A vkSj B 3%2 ds lk>snkj gSA mUgksuas C dks 1 tuojh 2021 ls QeZ esa 1@3 Hkkx
dk lk>snkj cuk;k A C iwWath ds ₹ 5]000 vkSj [;kfr ds ₹ 3]000 uxn ykrk gSA

vko';d tuZy izfof"V;kWa dhft;sA

260

A and B are partners in a firm sharing profits and losses in the ratio of 3:2. They admit
C for 1/3rd share in the firm on 1st January 2021. C brought ₹ 5,000 for Capital and
₹ 3,000 for Goodwill in cash. Pass the necessary journal entries.

4- A vkSj B 3%2 ds lk>h gSA mUgksusa C ds izos'k ds ckn mudk u;k ykHk&gkfu
foHkktu 9%6%5 vuqikr fu/kkZfjr gqvk gSA A vkSj B us C ds i{k esa fdl vuqikr
esa R;kx fd;kA
A and B are partners in the ratio of 3:2. C is admitted as a partner. After his admission
new ratio will be 9:6:5. Calculate how much A and B sacrificed in favour of C.
5- vuhrk vkSj uhrk ,d QeZ esa lk>snkj gSa vkSj 3% 2 ds vuqikr eas ykHk foHkkftr
djrs gSaA os xhrk dks 3@10 Hkkx ds fy, QeZ esa izos'k nsrs gSa] ftls xhrk vfurk
ls 2@10 Hkkx vkSj uhrk ls 1@10 Hkkx izkIr djrh gSaA
vfurk] uhrk vkSj xhrk ds u, ykHk foHkktu vuqikr dh x.kuk dhft,A
Anita and Neeta are partners in a partnership firm sharing profits and losses in the ratio
of 3:2. They admit Geeta for 3 /10th share in the future profits which she takes from
Anita 2 /10 and from Neeta 1/10. Calculate the new profit sharing ratio between Anita,
Neeta and Geeta.
6- lksuw vkSj eksuw ,d QeZ esa 3%2 ds lk>snkj gSA jkgqy dks u;s lk>snkj ds :i esa
izo's k fn;k x;kA jkgqy dk ykHk 1@4 gSA lHkh lk>snkjksa ds u;s vuqikr Kkr
dhft,A tcfd &
v& jkgqy us vius ykHk dk laiw.kZ Hkkx eksuw ls fy;k gSA
c& jkgqy us vius ykHk dk Hkkx lksuw vkSj eksuw nksuksa ls cjkcj vuqikr esa fy;kA
Sonu and Monu are partners in a firm sharing profits in the ratio of 3:2. They admit
Rahul in the partnership firm for 1/4th share in the profit calculate new profit sharing
ratio of all the partners
a) When Rahul gets all his share of profit from Monu
b) When Rahul gets his share from Sonu and Monu in equal ratio.
7- v rFkk c ,d QeZ esa dze'k% 2%1 ds vuqikr esa lk>snkj gSA os 1 tuojh 2022 ls
l dks 1@6 Hkkx ds fy, lk>snkj cukrs gSA l vius Hkkx ds izhfe;e ds fy,
₹ 1]500 ykrk gS rFkk viuk Hkkx v vkSj c ls leku :i ls izkIr djrk gSA

izhfe;e dh jkf'k esa ls viuk Hkkx v vkSj c fudky dj ys tkrs gSA vko';d
tuZy izfof’V;kW dhft,A
261

A and B are partners in a firm in the ratio of 2:1 respectively. They admit C for 1/6
share in the firm from 1st January 2022. C brings 1,500 as premium for goodwill and
acquires his share from A and B equally. The premium for goodwill is withdrawn by A
and B equally. Pass necessary journal entries in the books of the firm to record these
transactions.

8- djkgs rFkk vlye ';ksiqj okys ,d QeZ esa dze'k% 3%2 ds vuqikr esa lk>snkj gSA
31 fnlEcj 2021 dks mudk fpV~Bk fuEu izdkj Fkk &
Karahe and Aslam of shyopur are partners in the ratio of 3:2 respectively. Their balance
sheet as on 31st December 2021 stood as under-
fpV~Bk ¼31-12-2021dks½
Balance Sheet(As on 31.12.2021)

nkf;Ro ¼Liabilities½ jkf'k ₹ lEifR;kW ¼Assets½ jkf'k ₹
ysunkj ¼Creditors½ 30]000 Hkou (Building) 20]000
iwath [kkrs (Capital a/c) e'khujh ¼Machinery½ 9]000
djkgs Karahe 30,000 nsunkj ¼Debtors½ 45]000
vlye Aslam 20,000 50]000 vk;kstu ¼Provision½ ¼8000½

fofu;ksx (Investment) 37]000
jksdM+ ¼Cash ½ 8]500
5]500

80]000 80]000

mUgksaus 1-1-2022 ls fiNksM+s dks fuEu 'krksZ ij lk>snkj cuk;k&
1- mls ykHk dk 1@3 Hkkx izkIr gksxkA
2- Hkou dk ewY; ₹ 30]000 rFkk e'khujh dk ewY; ₹ 8]000 j[kk tk,xkA
3- MwcV _.k vk;kstu ₹ 2]000 ls de dj fn;k tk;sxkA
4- fofu;ksx dk cktkj ewY; ₹ 6]500 gS tks djkgs us ys fy, gSA

iquewZY;kdau [kkrk cukb,A

262

They admitted pichode in partnership on the following terms from 1st January 2022
1. He will get 1/3 share in profits.
2. The value of Building and Machinery will be ₹ 30,000 and ₹ 8,000
respectively.
3. Provision for bad debts will be reduced by ₹ 2,000 .
4. The market value of Investment is ₹ 6,500 which was taken over by karahe.
Prepare Revaluation Account.

9- lfpu rFkk /kksuh leku lk>snkj gSA 31 fnlEcj 2021 dks mudk vkfFkZd fpV~Bk
fuEukuqlkj gS &
Sachin and Dhoni are equal partners. Their balance sheet on 31st December 2022 is as
follows:
fpV~Bk ¼31-12-2021 dks ½
Balance Sheet(As on 31.12.2021)
nkf;Ro ¼Liabilities½ jkf'k ₹ lEifR;kW ¼Assets½ jkf'k ₹
ysunkj ¼Creditors½ 2]500 nsunkj ¼Debtors½ 4]000
ns; fcy ¼Bills payable½ 3]000 LdU/k (Stock) 5]000
iwath [kkrs (Capital a/c) QuhZpj (Furniture) 500
lfpu Sachin 7,500 Hkou (Building) 6]000
/kksuh Dhoni 2]500 10]000

15]500 15]500

os 1-1-2022 ls dksgyh dks fuEu 'krksZ ij lk>snkj cukrs gSa&
1- dksgyh iwath ds fy, ₹ 5]000 rFkk QeZ ds Hkkoh ykHkksa esa ls 1@4 Hkkx izkIr
djus gsrq ₹ 3]000 [;kfr nsxkA
2- LdU/k o QuhZpj dk ewY; 10 % ls de djuk gS vkSj vizkIr _.k ds fy,
5 % lafpfr dk l`tu fd;k tk,xkA
3- Hkou dk ewY; 25% ls c<k;k tk,xkA

iquewZY;kdau [kkrk cukb,A

263

They admit Kohli on first January 2022 on the following conditions:-
i) Kohli should bring ₹ 5,000 as capital for getting 1/4 share of future profit from firm
and should bring ₹ 3,000 for goodwill.
ii) Reduce the value of furniture and stock at 10% and Reserve for bad debts at 5%
iii) Increase the value of building by 25% .
Prepare Revaluation Account.

(Practical question)

1- fnus'k rFkk jes'k ,d QeZ esa dze'k% 3%2 ds vuqikr esa lk>snkj gSA os 1 tuojh
2022 ls os dey dks 1@4 Hkkx ds fy, lk>snkj cukrs gSA dey ds izos'k ds
le; [;kfr dk ewY; ₹ 5]60]000 vkadk x;k gSA lk>snkjksa dk u;k ykHk foHkktu
vuqikr dze'k 9%6%5 j[kk x;k gSA dey vius izhfe;e ds Hkkx ds fy, ₹ 40]000
dk LVkWd rFkk ₹ 1]00]000 dh e'khujh ykrk gSA QeZ dh iqLrdksa esa tuZy ds
vko';d ys[ks dhft,A
Dinesh and Ramesh are partners in the ratio of 3:2 respectively. On 1st January 2022,
they admit Kamal for 1/4th share. On kamal's admission goodwill of the firm was
valued at 5,60,000. The new ratio will be 9:6:5. Kamal brings his share of premium
for goodwill as stock 40,000 and machinery 1,00,000. Pass necessary journal entries
in the books of the firm.
2- v vkSj c ,d QeZ esa leku lk>snkj gSA os l dks u;k lk>snkj cukrs gSA 31
fnlEcj 2021 dks mudk fpV~Bk fuEu gS &
A and B are equal partners in a firm. They admit C as a partner. Their balance sheet as
on 31st December 2021 is as follows:-
fpV~Bk ¼ 31 fnlEcj 2021 dks½
Balance Sheet(As on 31.12.2021)
¼Liabilities½ ₹ ¼Assets½ ₹
ysunkj ¼Creditors) 1]000 jksdM+ ¼Cash ½ 600
ns; foi= ¼Bills payable) 1]000 nsunkj ¼Debtors½ 1]500
iwWath [kkrk (Capital a/c) LdU/k ¼Stock½ 1]400
v (A) 1700 QuhZpj (Furniture) 400
Ck (B) 1200 2]900 e'khujh ¼Machinery½ 1]000

264

l dks izos'k nsus ds iwoZ fuEu lek;kstu djus gS %&
1- lfnX/k _.k ds fy;s ₹ 300 dk izko/kku djuk gSA
2- QuhZpj ₹ 250 ij ewY;kafdr fd;k x;kA
3- fofu;ksx ₹ 400 -¼tks fpV~Bs esa ugha FkkA iqLrdksa esa n'kkZuk gS½
4- l iwWth ds fy;s ₹ 1000 ykrk gS vkSj [;kfr ds fy;s ₹ 1000 ykrk gS
ftldk v ,oa c vkgj.k dj ysrs gSA
iquewZY;kadu [kkrk o lk>snkjksa dk iwWath [kkrk cukbZ;sA

The following adjustments were to be made before C's admission
1. ₹ 300 were to be provided for doubtful debts.
2. Furniture was valued at ₹ 250.
3. Investment worth ₹ 400 (not mentioned in the balance sheet ) were to be taken
into account.
4. C brings ₹ 1,000 for capital and ₹ 1,000 for Goodwill which A and B withdrew
in their due proportions. Prepare Revaluation account and partners capital
Account.

3- 'kadj vkSj eaxy lk>snkj gS rFkk ykHk&gkfu dk cVWokjk 2%1 ds vuqikr esa djrs
gSA mes'k ykHkksa esa 1@4 Hkkx ds fy;s izos'k djrk gSA mes'k 30]000 :- iwWth
yk;sxkA mes'k ds izos'k ds iwoZ 31 fnlEcj 2021 dks 'kadj vkSj eaxy dk rqyu
i= bl izdkj gS &
Shankar and Mangal are partners and sharing profits and losses in the ratio of 2:1. They
admit Umesh in the partnership firm for 1/4th share. Umesh brought 30,000 as capital
. Before admitting Umesh Balance Sheet of Shankar and Mangal as on 31st December
2021 stood as under-

265

Balance Sheet(As on 31.12.2021)

¼Liabilities½ ₹ ¼Assets½ ₹

ysunkj ¼Creditors) 8]000 gLrLFk jksdM+ 2]000
(Cash in hand)
ns; foi= ¼Bills payable) 4]000 cSad esa jksdM+ 10]000
lkekU; lap; 6]000 (Cash in Bank) 8]000
(General Reserve) fofo/k nsunkj
(Sundry Debtors)
iwWath [kkrk (Capital a/c) LdU/k (Stock) 10]000
'kadj Shankar 50]000 QuhZpj (Furniture) 5]000
eaxy Mangal 32]000 82]000 e'khujh ¼Machinery½ 25]000
Hkou (Building) 40]000

;g lgefr gqbZ gS fd %&
1- mes'k ₹ 12]000 [;kfr esa vius Hkkx ds fy;s yk;sxkA
2- Hkou dk ewY; ₹ 45]000 vkSj e'khujh dk ewY; ₹ 23]000 gSA
3- nsusnkjksa ij 6% dh nj ls lafnX/k _.kksa ij izko/kku cuk;saA
4- iquewZY;kadu [kkrk o lk>snkjksa dk iwWth [kkrk cukbZ;sA

They agree on the following points-
1.Umesh will bring 12,000 for a share of goodwill.
2. Value of building is 45,000 and Machinery value is 23000.
3. Create provision for Bad and Doubtful debts @ 6% p.a.

Prepare Revaluation account and Partner's Capital account

(Practical question)

266

1- lhrk vkSj xhrk 3@4 vkSj 1@4 vuqikr esa ykHkksa dk foHkktu djrs gSA 31 fnlEcj
2021 dks mudk rqyui= bl izdkj gS %&
Sita and Geeta share profits in the ratio of 3 /4 and 1/ 4. Balance sheet as on 31st
December 2021 is as follows-

Balance Sheet(As on 31.12.2021)
¼Liabilities½ ₹ ¼Assets½ ₹

fofo/k ysunkj ¼Sundry Creditors) 83]000 cSad esa jksdM+ 53]000
(Cash in Bank)
lap; fuf/k (Reserve fund) 8]000 izkI; foi= 6]000
¼Bills receivable)

iwWath [kkrk (Capital a/c) nsunkj (Debtors) 32]000
lhrk 60]000 LVkWd (Stock) 40]000
xhrk 32]000 92]000 fQDlplZ (Fixtures) 2]000
Hkwfe o Hkou 50]000
(Land &vBuilding)

01 tuojh 2022 dks fuEu 'krksZ ij jke us izos'k fy;k &
1- jke iwWath ds fy;s ₹ 20]000 nsxkA
2- jke [;kfr ds ₹ 10]000 nsxkA ftldh vk/kh jkf'k lhrk vkSj xhrk vkgfjr
djsxhA
3- LVkWd vkSj fQDlplZ ds ewY; esa 10% dh nj ls deh gksxh rFkk fofo/k nsunkjksa
vkSj izkIr foi= ij 5% dh nj ls lanfX/k _.kksa ds fy;s izko/kku cuk;k
tk;sxkA
4- Hkwfe vkSj Hkou ds ewY; esa 10% dh nj ls o`f) gksxhA

iquewZY;kadu [kkrk] lk>snkjksa dk iwWth [kkrk rS;kj dhft,A
On 1st January, 2022 they admit Ram on the following conditions-

267

1. Ram brings ₹ 20,000 for his capital.
2. Ram gives ₹ 10,000 for goodwill out of which half of the amount withdrawn by
Sita and Geeta
3. Stock and fixtures depreciated by 10% per annum and
4. Provision for bad and doubtful is created @ 5% per annum
5. Value of Land and Building appreciated by 10% per annum.
Prepare Revaluation Account and Partner's Capital Account

2- lkFkZd vkSj oa'k ,d QeZ esa dze'k% 2%1 esa lk>snkj gSA os ekUklh dks 1@3 Hkkx ds
fy, lk>snkjh esa izos'k nsrs gSA ekulh vius fgLls dh [;kfr ds fy, izhfe;e ds
₹ 60]000 rFkk vius vuqikr dh iwath uxn yk,xhA izos'k dh frfFk dks QeZ dk

fpV~Bk fuEu izdkj Fkk&
Sarthak and Vansh are partners in a firm in the ratio of 2:1 respectively. They admit
Mansi into partnership for 1/3rd share of profits. She brings 60,000 as premium for
goodwill and also proportionate capital. on the date of her admission, the Balance sheet
of old firm was as under-

Balance Sheet (On the admission of Mansi)

¼Liabilities½ ₹ ¼Assets½ ₹

iwWath [kkrk (Capital a/c) ;a= (Plant) 66]000
lkFkZd Sarthak 70,000 QuhZpj (Furniture) 30]000
oa'k vansh 60,000 1]30]000 fofu;ksxa (Investment) 40]000
lkekU; lap; 18]000 LVkWd (Stock) 46]000
(General Reserve ) nsunkj (Debtors) 38]000
cSad _.k (Bank loan) 18]000 Mwcr _.k vk;kstu ¼4000½ 34]000
ysunkj ¼Creditors) 72]000 (Provision for bad debts)
jksdM+ (Cash) 22]000

2]38]000 2]38]000

;g fu'p; gqvk fd &

268

1- LVkWd dk ewY; ₹ 10]000 ls de dj fn;k tk,xkA
2- ;a= dk ewY; ₹ 80]000 j[kk tk,xkA
3- ysunkj eas 'kkfey ₹ 3]000 ns; ugha gSA
4- lkFkZd us vk/ks fofu;ksx ys fy, rFkk vk/ks cps gq, fofu;ksx dk ewY; ₹
25]000 vkadk x;kA
iquewZY;kadu [kkrk vkSj lk>snkjksa dk iwath [kkrk cukb,A

It was decided to:-

1. Reduce the value of stock by ₹ 10,000.

2. Plant is to be valued at ₹ 80,000.

3. An amount of ₹ 3,000 included in creditors was not payable.
4. Half of the investment were taken over by Sarthak and remaining their valued at
₹ 25,000.
Prepare Revaluation account and Partner's Capital Account.

3- v vkSj c ,d QEkZ esa lk>snkj gSa rFkk 2%1 ds vuqikr esa YkkHk dk foHkktu djrs
gSaA l QeZ ds ykHk esa 1@4 Hkkx ds fy, izos'k djrk gSA og QeZ esa ₹ 30]000 dh
iw¡th ysdj vk,xk vkSj v vkSj c dh iw¡th muds ykHk foHkktu vuqikr ds vkèkkj
ij lek;ksftr dh tk,xhA 31 ekpZ] 2021 dks l ds izos'k ls iwoZ QeZ dk rqyu
i= uhps fn;k x;k gS A
A and B are partners in a firm and share profit in the ratio of 2:1. C enters the profit of
the firm for 1/4 share. He will be adjusted on the basis of their profit sharing ratio.
Given below is the balance sheet of the firm before the admission of as on 31st March
2021.

269

Balance Sheet (As on 31.03.2021)

¼Liabilities½ ₹ ¼Assets½ ₹

ysunkj ¼Creditors) 8]000 jksdM+ (Cash) 2]000
ns; fcy ¼Bills payables 4]000 cSd esa jksdM+ (Cash at bank) 10]000
lkekU; lap; 6]000 nsunkj (Debtors) 8]000
(General Reserve ) LVkWd (Stock) 10]000
iwWath [kkrk (Capital a/c) QuhZpj (Furniture) 5]000
vA 50,000 e'khu (Machinary) 25]000
cB 32,000 82]000 Hkou (Building) 40]000

le>kSRks dh vU; 'krs± bl izdkj gS%
1- ^l* ₹ 12]000 dh jkf'k [;kfr ds :i esa ysdj vk,xkA
2- Hkou dks ₹ 45]000 vkSj e'khujh dks ₹ 23]000 ij ewY;kafdr fd;k tk,xkA
3- nsunkjksa ij 6% dh nj ls Mwcr _.k ds fy, izkoèkku djsaA
4- pkyw [kkrs [kksydj v] c vkSj l dh iw¡th dk lek;kstu fd;k tk,xkA
iquewZY;kadu [kkrk vkSj lk>snkjksa dk iwath [kkrk cukb,A

The other terme of the agreement areas follows:
1, C will bring an amount of 12,000.
2. The building will be valued at 45,000 and the machinery at 23,000
3. Make provision for bad loans at the rate of 6% on debtors.
4. The capital of A,B and C will be adjusted by opening current account.
Prepare Revaluation account and Partner's Capital Account.

270

Retirement and Death of a Partner

(Choose the right option)

The Profit and Loss on revaluation is distributed at the time of retirement of partner.
a) All partner b) Retiring partner
c) Remaining partner d) None of these

Goodwill shown in books before retirement is distributed among:
a) Old partners b) Retiring partner
c) New and old partners d) None of these.

a) 10% b) 5% c) 6% d) 7%

The interest payable to the deceased partner on his due amount will be:

a) 10% b) 5% c) 6% d) 7%

4. साझेदार के अवकाश हण पर याित को कस अनुपात म बाँटा जाता है

a) पुराने अनुपात म b) याग अनुपात म

c) लाभ अनुपात d) इनम से कोई नह ।ं

271

In which ratio goodwill is distributed on retirement of a partner:
a) Old profit-sharing ratio b) Sacrificing ratio
c) Gaining ratio d) None of these.

5- lk>snkj dh fuo`fRr ij vforfjr gkfu ogu dh tkrh gS&
a) dsoy fuo`Rr lk>snkj }kjk

b) dsoy 'ks"k lk>snkjksa }kjk

c) dsoy ofj"Bre lk>snkjksa }kjk

d) fuo`Rr lk>snkj lfgr leLr lk>snkjksa }kjk

Undistributed loss on the retirement of a partner will be shared by
a) Only retiring partner
b) Only remaining partner
c) Only senior most partner
d) By all partners including retiring partners.

A partner can retire from the partnership firm
a) By giving notice of retirement b) By the consent of all partners
c) As per the provisions of the deed d) All of the above.
7. lk>snkj dk fu"dklu gksrk gS tc og&

a) chekj gks tkrk gS

b) QeZ eas lk>snkj gksuk tkjh ugha j[kuk pkgrk gSA

c) lk>snkjh Bgjko ds foijhr dksbZ dk;Z djrk gSA

d) lk>snkjh ,fPNd gksA
Expulsion of a partner is made when he-
a) Becomes ill
b) Does not want to continue as a partner

c) Commits any act contrary to the partnership agreement
d) When partnership is at will

272

Answer in one word/Sentence -

What do you mean by Retirement of a Partner?

What is gaining ratio?

Write the formula of gaining ratio ?

4. e`rd lk>snkj dks ns; jkf'k dk Hkqxrku fdldks fd;k tkrk gSA
To whom the amount due to a deceased partner is paid.

What is meant by new profit sharing ratio in case of retirement of a partner ?

How would you make payment to the retirement partner ?

7 fdu ifjfLFkfr;ksa esa ykHk izkfIr vuqikr dh x.kuk dh tkrh gS\
When the gaining ratio is calculated?

8. lk>snkj dh fuo`fRr ij iqLrdks esa fo|eku [;kfr dk ys[kk fdl izdkj djsxsa+ ?
How would you deal with existing goodwill on retirement of a partner?

9. lk>snkj ds vodk'k xzg.k djus dk dksbZ ,d dkj.k fyf[k,A
Write any one cause of retirement of a partner.

10- vodk'k xzg.k dh n'kk esa fpV~Bs esa lkekU; lap; lk>snkjksa ds e/; fdl vuqikr esa
ckWVrs gS \
On retirement the Reserve shown in balance sheet is distributed among the partner in

which ratio?

273

(Theory question)

1. QeZ ls fdlh lk>snkj dh fuo`fRr ds D;k izHkko gksrs gS ? le>kb,A
Discuss the effects of retirement of a partner.

2- QeZ ls dksbZ lk>snkj dSls fuo`Rr gks ldrk gS ? le>kb, A
How can a partner retire from a firm ? Discuss

3. R;kx vuqikr ,oa ykHk vuqikr dh x.kuk fdu m}s';ksa ds fy, dh tkrh gS ?
State the purposes for which sacrificing ratio and gaining ratio is calculated.

4. lsokfuo`Rr lk>snkj dks Hkqxrku djus dh fofHkUu fof/k;ksa dk o.kZu dhft,A ¼dksbZ
rhu½
Describe the various methods of payment to retiring partner ? (Any Three)

5. साझेदार के िनवृ होने के कोई rhu कारण dks crkb,A
Write the three causes of retirement of a partner.

6. वा षक उचंत खाता कब और य खोला tkrk gS ?

Why and when is annuity suspense account is opened?

7. lk>snkj dh e`R;q ij mlds dkuwuh izfrfuf/k dks Hkqxrku dh tkus okyh jkf'k dh
x.kuk dSls dh tkrh gSS ?
On death of partner how is amount you calculated to be paid to his legal representative?

8. lk>snkj dh lsokfuo`fRr vkSj e`R;q ds chp varj Li"V dhft, ?
Give difference between retirement and death of a partner?

(Theory question)

How profit is calculated till date of his death if a partner dies in mid of the year? Explain
with example.

How is the amount to be given to a partner on retirement from a firm is calculated?

274

3.

Discuss the rules of recording the amount of premium for goodwill according to
accounting standard -26.

Explain the different methods of treatment of goodwill at the time or retirement of a
partner.

5. R;kx vuqikr ,oa ykHk izkfIr vuqikr esa varj Li"V dhft,A
Distinguish between sacrificing ratio and gaining ratio.

( Practical question)

A, B vkSj C 3%2%1 ds vuqikr esa lk>snkj gSA C ds vodk'k xzg.k djus ij [;kfr
dk ewY; ₹ 60]000 vkadk tk,xkA ;fn laiw.kZ ewY; ls [;kfr [kkrk [kksyk tk, vkSj
mls vifyf[kr dj fn;k tk, rks D;k izfof"V djuh gksxhA
A, B and C are partners in the ratio of 3:2:1. On C's retirement goodwill valued ₹ 60,000.
If goodwill raised fully and written off. Pass necessary journal entry.

A, B, C and D are partners in a firm sharing profits in the ratio 1:2:1:2 respectively. C
retires and A, B and D decided to share future profits equally. Calculate the gaining ratio.

A, B and C are partners sharing profits in the ratio of 4:3:2. B retires and the goodwill of

the firm is valued at 18,000. Pass journal entry for the treatment of goodwill on B's
retirement.

275

A, B and C are partners sharing profits in the ratio of 3:2:1. There balance sheet as on 30
june 2021 was as follows.
¼Assets½
¼Liabilities½ ¼Amount½ ¼Amount½
लेनदार Creditors 1,600 रोकड़ Cash 600

आर त िनिध 6,000 बक म रोकड़ Cash at bank 1000

General reserve दे नदार Debtors 9,000
पूंजी Capital
कंध Stock 7,000
A 10,000
मशीनर Machinery 6,000
B 10,000
उपकरण Tools 14,000
C 10,000
30,000
37,600 37,600

On this day C retired from the firm and the assets were revalued as under: (i) Create a
provision @ 5% for bad debts.(ii) Depreciate stock by 5% and Machinery by 10%. (iii)
The value of building was revalued at 15,100 by an independent value .Prepare
Revaluation account from the given information.

276

Jaya, Kirti, Ekta and Shweta are partners in a firm sharing profits and losses in the ratio of
2: 1: 2:1 On Jaya’s retirement the goodwill of the firm is valued at ₹36,000. Kirti, Ekta
and Shweta decided to share future profit equally. Record the necessary journal entries for
the treatment of goodwill without opening “goodwill account”.

A, B ,oa C ,d QeZ eas dze'k% 3%2%1 ds vuqikr esa lk>snkj gSA B QeZ ls vodk'k xzg.k djrk gSA
lkjs lek;kstu djus ds ckn A rFkk C ds iWawth [kkrksa ds tek 'ks"k ₹3]20]000 rFkk ₹1]60]000 FksA
;g fu.kZ; fd;k x;k fd iwWath A rFkk C u;s ykHk&foHkktu vuqikr esa lek;ksftr dh tk;sA ubZ
iwWath Kkr dhft, rFkk vko';d tuZy izfof"V;kW dhft,A
A, B and C are partners in the ratio of 3:2:1 respectively B retires from the firm after making
all the adjustments the final balance of capital account of A and C are ₹3,20,000 and
₹1,60,000 respectively. They decide to adjust their capital according to their profit sharing
ratio. Find out the new capital and pass necessary journal entries.

v] c ,oa l 5%3%2 ds vuqikr esa ykHk gkfu dk foHkktu djrs gSaA 1 vizSy 2021 dks mudk fpV~Bk
bl izdkj gS %&
A, B and C were partners sharing profits in the ratio 5:3:2. Their balance sheet as on 1st
April 2021 was as follows:-

Balance Sheet (As on 01.04.2021)

¼Liabilities½ ₹ ¼Assets½ ₹

ysunkj ¼Creditors) 20]000 jksdM+ (Cash) 16]000
deZpkjh Hkfo"; dks"k ¼Employees nsunkj (Debtors) 16]000
provident fund) 26]000 LVkWd (Stock) 80]000
iwWath [kkrk (Capital a/c) QuhZpj (Furniture) 34]000
v A 1,00,000 Hkou (Building) 1,20,000
c B 70,000
l C 50,000 2]20]000

277

^l* mDr frfFk dks vodk'k xzg.k djrk gS vkSj ;s r; fd;k tkrk gS &
1- [;kfr dk Hkkx ₹ 8]000 gksxkA
2- nsunkjks ij 5% Mwcr _.k ds fy, vk;kstu djus dk izko/kku fd;k x;kA
3- fofo/k ysunkj iqLrd eqY; ls ₹ 4]000 vf/kd vkWds x,A
^l* ds vodk'k xzg.k djus ij iquewZY;kadu [kkrk cukb,A
C retires on the above date and it was agreed that :-
I) Share of goodwill was ₹ 8,000.
ii) Provision for doubtful debts 5% was to be made on debtors.
iii) Sundry creditors were valued at ₹ 4,000 more than the book value.
Prepare Revaluation account on C's retirement.

( Practical question)

A, B and C were partners in the ratio of 3:2:1. On 1st January 2016 A retired from the
firm. His share in the firm was valued at 20,000 According to the partnership agreement
an annuity of 3,000 will be paid to him on 1st January of each year and interest @ 6% per
annum should be paid on the balance. The first payment was made on 1st January 2017.
After receiving the fourth annuity, A died. Prepare annuity suspense account regarding
payment to A.

278

Pawan, Pankaj and Palash are equal partners of a firm. On 31st December, 2017, Palash
died. On this date amount payable to him was ₹ 50,000. It was decided that this amount
will be paid as annuity of ₹10,000 is to be paid. Its first payment was made on 1st January
2018 and other payments are made each year on 1st January. His legal Executor died on
3rd January, 2020 Interest is calculated @ 10% p.a. on the outstanding balance of each
year. Prepare Annuity suspense Account.

A,B and C are equal partners in a firm on 31st December 2022,C retires from firm the
Balance sheet of the firm on this date was as under:-

दािय व ¼Liabilities½ रािश (Amount) संप ¼Assets½ रािश (Amount)

₹ ₹
3,000 2,000
6,000 7,000

A 6,000 2,200

B 8,000 1,500

C 6,000 20,000 16,300

29,000 29,000

lk>snkjksa dk iwath [kkrk ,oa dk;Zfof/k dks
n'kkZ;sA

The goodwill is valued at ₹ 9,000. Calculate the amount payable to C and transfer it to his loan
account. Show Partner’s capital account and working note.

279

Digvijay, Brijesh and Parakram were partners in a firm sharing profit in the ratio of 2: 2:1
their balance sheet as on 31st March, 2022 was as follows:-

( ) ¼ ½

dk iwWth [kkrk rS;kj
dhft,A

Brijesh retired on 31st March, 2022 on the followings term :

(i) Goodwill of the firm was valued at ₹ 70,000 and was not to be appear in the books.

(ii) Bad debts amounting to ₹2,000 were to be written off.

(iii) Patents were considered as valueless. Prepare Revaluation A/c, Partners Capital A/c.

280

Sita, Reeta and Geeta are partners in a firm sharing profit and losses in the ratio of 4:3:1.
As per the firm of partnership deed. On the death of any partner goodwill was to be valued
at 50% of the net profits credited to that partners capital account during the last three
completed years before her death. Sita died on 28 February, 2015. The profit for the last
five years were 2010 - ₹ 60,000, 2011 - ₹ 97,000, 2012 - ₹ 1,05,000, 2013 - ₹ 30,000 and
2014- ₹ 84,000. On the date of Sita's death. Building was found undervalued by ₹ 80,000,
which was to be considered. Calculate amount of Sita's share of goodwill in the firm and
record the adjustment Journal entries of goodwill and revaluation of building. The new
profit-sharing ratio between Reeta and Geeta will be equal.

(Practical question)

1. X Y vkSj Z ,d QeZ esa lk>snkj gSa tks ykHk&gkfu dk foHkktu 1@2] 1@3
vkSj 1@6 ds vuqikr esa djrs gSaA 31 fnlEcj 2022 dks mudk fpV~Bk fuEukuqlkj
Fkk&

X, Yand Z are partners in a firm sharing profits and losses in the ratio of
1/2 ,1/ 3 and 1/6 respectively on 31st December 2022 their balance sheet
was as follows:-

281

दािय व ¼Liabilities½ रािश (Amount) संप ¼Assets½ रािश (Amount)
₹ ₹
(Creditor) 8,000 (Cash) 15,600
3,600 13,000
(Bank Overdraft) 12,000 (Sundry debtors )
17,000
(Stock )
3,000
(General reserve ) (Machinery )
3,500
Capital (Furniture)
11,500
‘X’ 20,000 (Building)
‘Y’ 10,000
‘Z’ 10,000 40,000

63,600 63,600

Z ml fnu vodk'k xzg.k fd;k rFkk bl laca/k esa fuEufyf[kr lek;kstu fuf'pr

gq,&
Lda/k ewY; esa 10% dh o`f) dh tk,A la;=ksa ij 5% ?kVkSrh vifyf[kr dh
tk,A nsunkjksa ij 5% Mwcr _.k lap; cuk;k tk,A QeZ dh [;kfr dk ewY;
₹12]000 :- gSA vkidks 31 fnlEcj 2022 dks iquewZY;kadu [kkrk vkSj lk>snkjksa
dk iw¡wth [kkrk cukuk gSA
Z retires on that date and following adjustments were decided:
Increase the value of stock by 10% , Depreciate machinery by 5%, Create reserve at
5% on debtors, Value of goodwill is ₹ 12,000. Prepare following as on 31st December
2022 Revaluation account and Partner's Capital Account.

2.

us fn,A

jk/ks';ke }kjk izgykn vkSj y[kuyky dks fgLlk
cspk x;k] mlds laca/k esa ;fn dksbZ iath izo`f"V gks ldrh gS rks dhft,A

282

Prahlad,Radheshyam and Lakhanlal are partners; they shared profits and losses in the
ratio of 1/2 , 3/8 and 1/8 respectively. Radheshyam retired from the firm selling his
share of ₹8100 to Prahlad and Lakhanlal. This amount is taken by Prahlad and
Lakhanlal in the proportion of ₹ 3600 and ₹ 4500 respectively. After the retirement
of Radheshyam they had a profit of ₹ 6,000.
From the above information distribute the profit between Prahlad and Lakhanlal if
there is some journal entry when Radheshyam sold his share to Prahlad and Lakhanlal,
it should also be mentioned.

3. Ekksfgr] uhjt vkSj lksgu ,d QeZ esa lk>snkj gSA vius ykHk gkfu vuqikr dks iwath ds
vuqikr esa ckWVrs gSaA 31 ekpZ 2022 dks mudk fpV~Bk fuEu gS %&
Mohit, Neeraj and Sohan are partners in a firm. They divide their profits in capital
ratio. Their balance sheet as on 31st march 2022 is as follows-

दािय व ¼Liabilities½ रािश (Amount) संप ¼Assets½ रािश (Amount)

(Creditor) 21,000 (Building) 1,00,000
(Machinery ) 50,000
Capital
(Stock ) 18,000
Mohit 80,000
Neeraj 40,000
(Debtors ) 20,000

Sohan 40,000 1,60,000 1,000½ 19,000
(Bad debt)

(General reserve ) (Cash at 14,000
20,000
Bank)
2,01,000 2,01,000

mDr frfFk dks uhjt QeZ ls vodk'k xzg.k djus dk fu.kZ; ysrk gS vkSj mldk fgLlk mls
fuEu lek;kstuksa ds i'pkr~ fn;k tkrk gS &
Hkou dks 20% ls c<+k;k tk,A
nsunkjksa ij vk;kstu dh 15% rd o`f) dh tk,A
e'khu ij 20% gkzl yxk;k tk,A
QeZ dh [;kfr dk ewY;kadu ₹ 72]000 fd;k x;k vkSj vodk'k xzg.k djus okys lk>snkj
dk 'ks"k va'k lk>snkjksa ds iwath [kkrs ds ek/;e ls lek;ksftr fd;k tk,A

QeZ dh iwath ₹ 1]20]000 r; dh xbZ gSA
iquewZY;kadu [kkrk vkSj lk>snkjksa dk iwath [kkrk cukb,A

283

On that date Neeraj decided to retire from the firm and was paid for his share in
the firm subject to the following:-
i) Building to be appreciated by 20%.

ii) Provision on debtors to be increased up to 15%.

iii) Machinery to be depreciated by 20%.

iv) Goodwill of the firm is valued at ₹ 72,000 and retiring partner's share is adjusted
through the capital accounts of the remaining partners.

v ) The capital of the new firm be fixed at ₹ 1,20,000 .

Prepare Revaluation Account and Partner's Capital Account after retirement of
Neeraj.

4.

A, B and C partners of a firm. On 31st December, 2016 A died. On that date
amount payable to him was ₹60,000. It was decided that this amount will be paid
as annuity of ₹10,000 is to be paid. Its first payment was made on 1st January,
2017 and other payments are made each year on 1st January. His legal executor
died on 2nd January, 2022. Interest is calculated @ 10% on the outstanding balance
of each year. Prepare Annuity suspense Account.

5. jfo] lkse vkSj eaxy 2%3%5 ds vuqikr esa ykHk&gkfu ckWVrs gSA mudk fpV~Bk
31 fnlEcj 2021 dks fuEu gS %&

Ravi Som and Mangal share profit and loss in the ratio 2:3:5. Their balance sheet
on 31st December 2021 is as under:-

284

दािय व ¼Liabilities½ रािश (Amount) संप ¼Assets½ रािश (Amount)

₹ ₹
18,000 (Building) 40,000
(General reserve ) (Furniture) 20,000
(Creditor) 12,000 (Debtors ) 15,000
(Cash) 9,000
Capital
jfo Ravi 20,000

lkse Som 18,000

eaxy Mangal 16,000 54,000

84,000 84,000

1 tuojh 2022 dks eaxy vodk'k xzg.k djrk gSA fuEu lek;kstu dks /;ku
esa j[k dj ykHk&gkfu lek;kstu [kkrk vkSj iwath [kkrk cukb,&
1- Hkou ,oa QuhZpj esa 5 % o`f)A
2- ysunkjks ij 5 % dVkS=hA
3- nsunkjks ij 10 % v'kks/; _.k lap;A
4- oS/kkfud O;; ₹ 200 A

On 1st January 2022, Mangal retired from the firm. Prepare Profit and loss
Appropriation and Capital account if:
i) Building and furniture increase by 5%.
ii) Discount on creditors @ 5%.
iii) Reserve to be created on debtors @10%.
iv) Legal expenses 200.

285

6. साझेदारी फम का समापन (िवघटन )
Dissolution of Partnership Firm

(Choose the right option)

1. फम के वघटन पर संप य एवं दािय व के खाते अंत रत कये जाते ह

(a) पूंजी खाते म (b) पुनमू यांकन खाते म

(c) रोक करण खाते म (d) चालू खाते म।

At dissolution of the firm assets and liabilities of the firm are transferred to
(a) Capital (b) Revaluation
(c) Realization a/c (d) Current a/c

2 रोक करण खाते का दस
ू रा नाम है

(a) वसूली खाता (b) पुनमू यांकन खाता

(c) लाभ-हािन समायोजन खाता (d) पूंजी खाता

Cash A/c is also called by the name:
(a) Realization A/c (b) Revaluation A/c
(c) Profit & loss Adjustment A/c (d) Capital A/c.

3 जब एक साझेदार को छोड़कर सभी साझेदार दवािलया हो जाय तो ऐसी दशा म फम का
वघटन
(a) समझौते ारा (b) ऐ छक वघटन

(c) अिनवाय वघटन (d) इनमे से कोई नह ं

When except one all the partner become insolvent then such type of dissolution of firm called
(a) Dissolution by agreement (b) Dissolution by will
(c) Compulsory disssolution (d) None of these

4. िन निल खत म से कस दािय व का भुगतान नह ं कया जाता है —

(a) लेनदार (b) बक ऋण

(c) डू बत ऋण संचय (d) अ व दािय व

286

Which liabilities is not paid
(a) Creditors (b) Bank loan
(c) Reserve for doubtful debts (d) Unrecorded liability

5. इनम से कौन-सा दािय व, बा दािय व है

(a) सामा य संचय (b) पूँजी खाते का शेष

(c) आक मक संचय (d) साझेदार क प ी का ऋण ।

Which is the external liability
(a) General reserve (b) Balance of capital a/c
(c) Emergency fund (d) Loan of partner wife

6.

(a) पुनमू यांकन खाता (b) आिथक िच ठा

(c) वसूली खाता (d) लाभ-हािन िनयोजन खाता ।

On dissolution of firm all assets and liabilities are transferred to-
(a) Revaluation A/c (b) Balance sheet
(c) Realization A/c (d) P & L Adjustment A/c.

7. वसूली खाते क लाभ-हािन का वभाजन साझेदार के म य कस अनुपात म होता है

(a) पुराने अनुपात (b) याग अनुपात

(b) लाभ ाि अनुपात (d) नए अनुपात

Realization account profit- loss is distributed among partners in which ratio
(a) Old ratio (b) Sacrificing ratio
(b) Gaining ratio (d) New ratio

8. वसूली खाते क कृ ित है

(a) नाम मा खाते के समान (b) संप खाते के समान

(b) य गत खाते के समान (d) दािय व खाते के समान

Realisation account is-
a) Nominal account b) Assets account

c) Personal account d) Liabilities account

287

9. फम के समापन पर होने वाले यय को कहते है -

(a) िनजी यय (b) कानूनी यय

(c) वसूली यय (d) इनमे से कोई नह

Expenses on dissolution of a firm is called
(a) Personal expenses (b) Legal expenses
(c) Realization expenses (d) None of these

Answer in one word/Sentence -

1 भारत म साझेदार फम के वघटन पर लागू होने वाला अिधिनयम ।

Which act is applicable in India on dissolution of a firm

2. olwyh [kkrk QeZ ds thoudky esa fdruh ckj [kksyk tkrk gSA

How many times the realisation account is opened during a firm's life?

3 laifRr;ksa ,oa nkf;Roksa dks iqLrdh; eqY; ij dgkW fy[kk tkrk gS \
Assets and liabilities are transferred to which account at their book value

4 tc lk>snkjksa dh laifRr;ksa ls nkf;ro vf/kd gks tk, rc og D;k dgykrk gS \&
When liabilities of the partner are more than his assets then he is called as?

5. QeZ ds fo?kVu ij gkfu gks rks mldh iwfrZ lk>snkj fdl vuqikr esa djsxsaA

In which ratio the loss on dissolution of a firm is born by the partners?

6 ghurk ¼olwyh½ [kkrk dc cuk;k tkrk gS \

When is realisation account prepared.

7. QeZ dh laifRr;ksa esa ls loZizFke fdlds _.kksa dk Hkqxrku fd;k tkrk gS \

To which payment first priority is given out of the Assets of the dissolved firm?

8. U;k;ky; ds vkns'k ds fcuk ,d QeZ dk vfuok;Z fo?kVu gks ldrk gS \ ¼dksbZ ,d

ifjfLFkfr le>kb,½
When a firm is compulsorily dissolved without order of court ? (Explain any one

circumstance)

288

9 ,fPNd lk>snkjh dh n'kk esa QeZ dk fo?kVu dSls gks ldrk gS \

How can a firm be dissolved voluntarily in the case of partnership at will?

10. fo?kVu gksus ij lk>snkjksa ds pkyw [kkrks ds 'ks"k fdl [kkrs esa gLrkarfjr fd, tkrs gS

\
To which account the balance of partners current account is transferred on the dissolution
of a firm?

(Theory question)

1 साझेदार फम का वघटन कन- कन कारण से हो सकता है ?

What are the causes of the dissolution of a partnership firm?

2 साझेदार के अिनवाय वघटन से आप या समझते ह ? समझाइये ।

What do you understand by compulsory dissolution of the firm? Explain.

3 वसूली खाते के अथ को समझाइये ।

Explain the meaning of Realization Account.

4 फम के समापन पर हसाब के िनपटारे का म समझाइये ।

Explain the procedure of settlement of account on the dissolution of a partnership f

5 फम के वघटन क दशा म हसाब- कताब का िनपटारा कैसे कया जाता है ?

How are accounts settled on the dissolution of a firm ?

6. फम के वघटन के समय हसाब तय करने वाले िनयम का वणन सू म म क जये।

Explain in detail the rules governing the settlement of the firm at the time of
dissolution.

7. साझेदार के समापन व फम के समापन म अंतर बताइये ?

Differentiate between dissolution of partnership and dissolution of firm?

8. फम के समापन क विधय को सं ेप म समझाइये ?

Explain briefly the methods of winding up of a firm?

9 फम के वघटन के या izHkko gksrs gS \

What are the effects of dissolution of a firm.

289

(Theory question)

1. पुनमू यांकन खाता और वसूली खाते म अ तर बताओ ।

What is difference between Revaluation A/c and Realization Account ?

2. साझेदार फम के वघटन से या आशय है ? साझेदार फम कन- कन प र थितय म

भंग हो सकती है ?

What do you understand by dissolution of a partnership firm? Under what circumstance a
partnership firm is dissolved ?

3. फम के समापन पर कौन-कौन से खाते खोले जाते ह ? वसूली खाते को समझाइए।

What accounts are opened on the dissolution of a firm ? Explain the Realization account

4. साझेदार फम के वघटन क विभ न विधयाँ कौन-सी ह? कन प र थितय म

यायालय फम का वघटन करने का आदे श दे ती है ? समझाइए ।

What are the various method of Dissolution of Partnership firm? Under what circum
stances the court order the dissolution of a firm? Explain

5. फम के समापन क विभ न विधय को समझाइए ।

Explain the various method of Dissolution of firm.

6. साझेदार फम के वघटन पर क जाने वाली पंजी व याँ द जए।

Give necessary journal entries on dissolution of partnership firm.

7. वसूली खाते का ा प बनाइये ।

Make the Format of Realization A/c.

(Practical question)

1. एक फम जसके 'अ' और 'ब' साझी ह, के वघटन पर िन निल खत यवहार के िलए आप

या व यां करगे

(i) वघटन यय क रािश ₹ 1000. (ii) एक पु तक म अ व स प क वसूली रािश

₹ 5,000. (iii) ₹ 4,000 का रहितया जसे वसूली खाते म अ त रत कर दया गया है

'अ' ारा ले िलया गया। (iv) वसूली खाते का लाभ ₹ 8,000 'अ' और 'ब' म 3 : 1 म

वत रत करना है ।

290

A' and 'B' are partners in a firm . What entries you should make when the firm is dissolved
on the following conditions: (i) Realization expenses ₹ 1,000. (ii) The realized amount of
an unrecorded asset in the book showed ₹ 5,000.(iii) The stock of ₹ 4,000 is transferred to
Realization Account, which was taken by 'A'. (iv) Profit on realization ₹ 8,000 is shared
by 'A' and 'B' in the ratio of 3:1.

2.

(a) ₹ 85,000 के लेनदार ने ₹ 40,000 रोकड़ और ₹ 43,000 के विनयोग का अपने

दावे का पूण भुगतान के वीकार कया।

(b) लेनदार ₹ 16,000 के ह। वे ₹ 18,000 मू य क मशीनर को अपने दावे भुगतान

वीकार करते ह।

(c) लेनदार ₹ ₹90,000 के ह। वे ₹ 1,20,000 के भवन तथा ₹ 30,000 के रोकड़ को

फम का भुगतान वीकार करते ह।

(d) ysunkj dks ₹ 3]000 Hkqxrku fd;kA
Record necessary Journal entries in the following cases:
(a) Creditor worth ₹85,000 accepted ₹40,000 as cash and investment worth ₹43,000, in
full settlement of their claim.
(b) Creditor were ₹16,000. They accepted machinery valued at ₹18,000 in settlement of
their claim.
(c) Creditors were ₹90,000.They accepted building valued ₹1,20,000 and paid cash to firm
₹30,000.
(d) ₹ 3,000 is paid to creditors.
3- X vkSj Y 3%1 ds vuqikr esa lk>snkj gSA os QeZ esa fo?kVu gsrq lger gSA laifRr;ksa

¼jksdM+ 'ks"k ₹ 2]000 gS½ dh olwyh ls ₹ 1]10]000 izkIr gq, gSA QeZ ds nkf;Ro rFkk
vU; fooj.k bl izdkj gS &
ysunkj ₹ 40]000] X dh iwath ₹ 1]00]000] Y dh iwath ¼fodyu 'ks"k½ ₹ 10]000]
ykHk&gkfu [kkrk ¼fodyu 'ks"k½ ₹ 8]000] olwyh ds O;; ₹ 1]000 A
ysunkjks dks iw.kZ Hkqxrku esa ₹ 38]000 fn, x,A olwyh [kkrk cukb,A

291

X and Y are partners in a ratio 3:1. They agreed for dissolving the firm. Assets (cash
balance ₹ 2000) were realised ₹ 1,10,000 ; Liabilities of the firm and other details were
as under:
Creditors ₹ 40,000 ; X's capital ₹ 1,00,000 ; Y's capital (debit balance) ₹ 10,000; Profit
and Loss account (debit balance) ₹ 8,000; Realilsation expenses ₹ 1,000. Creditors paid
of in full ₹ 38,000. Prepare realisation account.

(Practical question)

1. अ और ब ने 31 दसंबर, 2022 को अपने यवसाय के समापन का िनणय िलया। उस

ितिथ को उनका िच ठा

A and B decided to dissolve their business on 31st December, 2022. On that date their Balance
sheet stood as follows

दािय व रािश (Amount) संप ¼Assets½ रािश (Amount)

¼Liabilities½ ₹ ₹

लेनदार (Creditor) 10,000 jksdM+ (cash) 2,000

Aकाऋण(A'sLoan) 18,000
nsunkj(Debtors ) 13,000

fofo/k laifRr;kW 68,000
पुंजी खाता
(sundry assets )
A 20,000
[;kfr (Goodwill) 5,000
B 40,000 60,000

88,000 88,000

साझेदार पूँजी के अनुपात म लाभ-हािन वभा जत करते ह। याित से ₹ 6,000 वसूल हुए।

लेनदार को 5% कटौती पर भुगतान कया गया। व वध स प य से ₹ 63,000 वसूल हुए।

दे नदार से ₹ 8,000 वसूल हुए। समापन क लागत ₹ 500 हुई। वसूली खाता बनाइए।

292

Partners share Profit & Loss in the ratio of capital. Goodwill realized ₹6,000. Creditors were
paid off at 5% discount. Sundry Assets realised ₹63,000. Debtors realized ₹8,000. Cost of
dissolution amounted to ₹500. Prepare Realisation Account.

2. अर व द और वनोद एक फम म साझेदार ह। उ ह ने 31 दस बर, 2022 को साझेदार

फम के समापन का िन य कया उनक आिथक थित इस कार थी-

Arvind and Vinod are partner in a firm they decided to dissolve the firm on 31 December
2022 their balance sheet was as follows :-

दािय व ¼Liabilities½ रािश (Amount) संप ¼Assets½ रािश (Amount)

₹ ₹

लेनदार(Creditor) 300 रोकड़ (cash ) 4,000
30,000
सामा य संचय (Reserve Fund ) 8,000 व वध laifRr;kW

वनोद का ऋण (Vinod’ s loan) 1,700 (Sundry assets )

पूंजी

अर वंद Arvind 12,000 24,000

वनोद Vinod 12,000 34,000 34,000

fofo/k laifRr;kW ₹ 20]600 esa csph xbZA olwyh O;; ₹ 600 gq,A olwyh [kkrk cukbZ,A
Sundry assets sold to ₹ 20,600 Expenses of realisation amount to ₹ 600. Prepare Realisation
account

3 f'kYik] ehuk vkSj uank us 31 माच 2022 को फम के वघटन का िनणय िलया। इनका लाभ

वभाजन अनुपात 3:2:1 है और उनका िच ठा इस कार है -

Shilpa,Meena and Nanda decided to dissolved their firm on 31St March 2022 ,their profit
sharing ratio was 3:2:1 and their balance sheet was as under

293

दािय व ¼Liabilities½ रािश (Amount) संप ¼Assets½ रािश (Amount)

₹ ₹

पूंजी (Capital) भूिम (Building) 81,000

Shilpa टॉक (Stock) 56,760
Meena 80,000
दे नदार(Debtor )
बक ऋण ( Bank loan) 40,000 18,600
नंदा क पूंजी(Capital
लेनदार(Creditors ) 20,000
23,000
of Nanda )
37,000
रोकड़ (cash ) 10,840
( Provision 1,200
for doubtful debts)

सामा य संचय 12,000
1,90,200 1,90,200
(General reserve)

िश पा ने ₹ 41,660 मू य का टॉक ₹ 35,000 म ले िलया और बक ऋण का भुगतान करने

को सहपत हुई। शेष टॉक का व य ₹ 14,000 म कया गया और ₹ 10,000 के दे नदार से

₹ 8,000 वसूली हुई। भूिम का व य ₹ 1,10,000 म कया। शेष दे नदार म पु तक मू य क

50% वसूली हुई। वसूली क लागत रािश ₹ 1,200 है । ₹ 6,000 मू य क एक टं कन मशीन

पु तक म गैर-अिभले खत ह, को एक लेनदार ने इसी मू य पर ले िलया। वसूली खाता तैयार

कर।

The stock of value of ₹ 41,660 are taken over by Shilpa for ₹ 35,000 and she agreed to discharge
bank loan. The remaining stock was sold at ₹ 14,000 and debtors amounting to ₹ 10,000 realized
₹ 8,000, land is sold for ₹ 1,10,000. The remaining debtors realized 50% at their book value.
Cost of realization amounted to ₹ 1,200. There was a typewriter not recorded in the worth ₹
60,000 which were taken over by one of the creditors at this value. Prepare Realization
Account.

294

5. A तथा B एक फम म मश: 3:2 के अनुपात म साझेदार थे। उ ह ने फम का वघटन

कया। वघटन क ितिथ को उनक पूँजी मश: ₹ ₹7,650 तथा ₹ ₹4,300 थी। लेनदार

₹ 27,500 थे। रोकड़ शेष ₹ 760 था। स प य से वसूली ₹ 25,430 हुई। वघटन के यय

₹ 1,540 हुए। सभी साझेदार शोधन मता वाले ह। फम क पु तक बंद क जए

A and B were partners in the ratio of 3 : 2. On the date of dissolution their capitals are ₹ 7,650
and ₹4,300 respectively. The creditors amounted to ₹ 27,500. The balance of cash was ₹ 760.
The Assets realized ₹ 25,430. The expenses on dissolution were ₹ 1,540. All partners were
solvent. Close the books of the firm.

6. अ, ब और स एक फम म साझेदार ह। उनके लाभ/हािन का अनुपात मश: 3:2:1 है । 31
दस बर, 2022 को उ ह ने फम का वघटन करने का िन य कया। उनक थित इस कार
थी-
A, B and C are Partners in a firm and their Sharing ratio is 3:2: 1 respectively. On 31st
December, 2022 they decided to dissolve the firm their position was as follows :

दािय व ¼Liabilities½ रािश (Amount) संप ¼Assets½ रािश (Amount)

₹ ₹

लेनदार (Creditors) 35,000 भूिम व भवन 52,000

अ का ऋण (A's Loan) (Land and Building)
25,000
संचय कोष (Reserve कंध (Stock) 48,000

fund) विनयोग (Investment)
2,400 10,000
पूंजी दे नदार (Debtors) 55,000

A 45,000 संचय (Provision) ( 5,000)
B 37,000
बक म रोकड़ (Cash at bank)
C 18,000

1,00,000
50,000

2,400

1,62,000 1,62,000

295

कंध और दे नदार से मश: ₹ 33,000 एवं ₹ 42,000 वसूल हुए। भूिम व भवन का व य

₹ 40,000 म कया गया। ब ने विनयोग ₹ 8,400 म िलए। लेनदार को ₹33,000 पूण

भुगतान म दये। अद यय के ₹ 5,000 चुकाए गये जो पु तक म नह ं थे। समापन यय

₹ 18,000 हुए। वसूली खाता एवं साझेदार के पूँजी खाते तैयार क जए।

Stock and debtors realized ₹ 33,000 and ₹ 42,000. Land and building sold ₹ 40,000. B agreed
to take over investments at an agreed value of ₹ 8,400. Creditors were paid ₹ 33,000 in full and
final payment. Outstanding expenses of ₹ 5,000 were paid which were not included in the
Balance Sheet. Realization expenses amounted to ₹18,000. Prepare realization account.

296

Unit-2 Accounting for companies

Accounting for Share Capital ( Issue and Forfeiture)

(Choose the right option)
1- lerk va'k/kkjh gS %
¼v½ daiuh ds ysunkj ¼c½ daiuh ds Lokeh
¼l½ daiuh ds xzkgd ¼n½ buesa ls dksbZ ugha
Equity shareholders are :
(a) Creditors of company (b) Owners of company
(c) Debtors of company (d) None of these
2- daiuh ds lnL;ksa dk nkf;Roksa gksrk gS %
¼v½ vlhfer ¼c½ lhfer
¼l½ lhfer vkSj vlhfer nksuks ¼n½ buesa ls dksbZ ugha
Liabilities of members in a company :
(a) Unlimited (b) Limited
(c) Limited and unlimited both (d) None of these
3- va'kksa dk fuxZeu fd;k tk ldrk gS %
¼v½ leewY; ij ¼c½ izhfe;e ij
¼l½ cV~Vs ij ¼n½ mi;qDr lHkh
Shares can be issued at :
(a) Par (b) Premium
(c) Discount (d) All of these
4- va'k vkosnu [kkrk gS %
¼v½ O;fDrxr [kkrk ¼c½ okLrfod [kkrk
¼l½ ukeek= [kkrk ¼n½ buesa ls dksbZ ugha A

Share Application account is a :
(a) Personal account (b) Real account
(c) Nominal account (d) None of these

297

5- og iwath ftlesa vf/kd va'kksa dk fuxZeu ugha fd;k tk ldrk dgykrh gS %
¼v½ pqdrk iwath ¼c½ ;kfpr iwath
¼l½ vf/kd`r iwath ¼n½ fuxZfer iwath

Capital above which Shares cannot be issued by a company is known as :
(a) Paid - up Capital (b) Called up Capital
(c) Issued Capital (d) Authorised Capital

(Practical question)

1- ,d fyfeVsM daiuh us 20 :- okys 20000 lerk va'k turk dks tkjh fd, A laiw.kZ jkf'k ,d
eq'r izkIr gks xbZ A daiuh dh iqLrdks esa vko';d iath izfof"V;kW dhft, A
A limited Company issued 20,000 equity shares of Rs.20 each to the public. Total
amount was received in lump sum. Pass necessary Journal entries in the books of the
company.
2- iky fyfeVsM us :-100 okys 20]000 lerk va'k 10% izhfe;e ij turk dks fuxZfer fd, A
laiw.kZ jkf'k izhfe;e lfgr vkosnu ij gh izkIr gks xbZ A daiuh dh iqLrdksa esa vko';d iath
izfof"V;kW dhft, A
Paul Ltd issued 20,000 equity shares of Rs.100 each at a premium of 10% to the public.
All the amount including premium was received with application itself. Pass necessary
Journal entries in the books of the company.
3- euh"k fyfeVsM us :- 10 okys 25000] 12% iwokZf/kdj va'k turk dks fuxZfer fd,A laiw.kZ
jkf'k ,d eq'r izkIr gks xbZ A daiuh dh iqLrdksa esa vko';d iath izfof"V;kW dhft, A
Manish Limited issued 25000 12% preference shares of Rs.10 each. All the amount
have been received in lump sum. Pass necessary Journal entries in the books of the
company.
4- lksuh fyfeVsM us ,d e'khu :-72]000 esa oekZ e'khujh ls [kjhnhA [kjhn izfrQy ds :i esa
blus 100 :i;s ds iw.kZnRr lerk va'k leewY; ij tkjh fd,A daiuh dh iqLrdksa esa vko';d
tuZy izfof"V;kW dhft, A
Sony Limited purchased a machine worth Rs.72,000 from Verma Machinery. As
purchase consideration it issued fully paid equity shares of Rs.100 each at par. Pass

necessary Journal entries in the books of the company.

298

5- frokjh fyfeVsM us vej daLVªD'ku fyfeVsM ls : 55]000 esa ,d Hkou [kjhnh A dz; izfrQy
ds :i esa blus :- 50 okys va'k 10% izhfe;e ij tkjh fd, A daiuh dh iqLrdksa esa vko';d
tuZy izfof"V;kW dhft, A
Tiwari Ltd bought a building for Rs.55,000 from Amar Construction Ltd. As Purchases
consideration it issued shares of Rs.50 each at a premium of 10%. Pass necessary
Journal entries in the books of the company.
6- fleju ,aM daiuh us ,d e'khu :-95]000 esa [kjhnh A [kjhn izfrQy ds fy, :i;s 100 okys
iw.kZnRr lerk va'k dks 5% NqV ij fuxZfer fd;k A daiuh dh iqLrdksa esa vko';d tuZy
izfof"V;kW dhft, A
Simran & Company bought a machine for Rs.95,000. For purchase consideration, it
issued equity shares of Rs.100 fully paid at 5% discount. Pass necessary Journal entries
in the books of the company.
7- lquhy tks dh 10 :i;s okys 1]000 lerk va'k dk /kkjd gS ftl ij mlus :i;s 2 izfr va'k
dh nj ls nwljh vkSj vafre ;kpuk dk Hkqxrku djus esa foQy jgk A daiuh us muds va'k
tCr dj fy, A va'kksa dh tCrh ls lacfa /kr tuZy izfof"V;kW djsa A
Sunil, a Holder of 1,000 equity shares of Rs.10 each failed to pay Second and final call
@ Rs.2 per share. The company forfeited his shares. Pass journal entries related to
forfeiture of shares.
8- vfuy tks fd fjyk;al baMLVªht ds 20% izhfe;e ij tkjh fd, x, 100 va'k] 50 :i;s
izfr va'k dk /kkjd gS A vfuy us vkacaVu jkf'k 20 :i;s izfr va'k ¼:i;s 10 izhfe;e lfgr½
vkSj 15 :i;s izfr va'k izFke vkSj vafre ;kpuk dk Hkqxrku ugha dj ik;k A mlds va'k izFke
,oa vafre ;kpuk ds ckn tCr dj fy;k x;k A va'kksa dh tCrh ls lacaf/kr tuZy izfof"V;¡k
djs A
Anil, a Holder of 100 shares of Rs.50 each issued at a premium of 20% of Reliance
industries, did not pay the Allotment money of Rs.20 per share ( including Premium
Rs.10) and first and final call of Rs.15 per share. His share were forfeited after the first
and final call. Pass journal entries related to forfeiture of shares.
9- ok; fyfeVsM us 2]000 va'k izR;sd 100 :i;s okys dks 20% izhfe;e ij tkjh fd, A jkf'k
bl izdkj ns; Fkh A vkosnu ij 30 :i;s] vkcaVu ij 65 :i;s ¼izhfe;e lfgr ½ vkSj 25
:i;s izFke ;kpuk ij A jktsUnz tks dh 400 va'k dk /kkjd gS us vkosnu vkSj vkcaVu jkf'k
dk Hkqxrku dj fn;k ij izFke ;kpuk dh jkf'k dk Hkqxrku ugha dj ik;k A funs'kdksa us muds

va'k dk tCr dj fy;k A va'kksa dh tCrh ls lacaf/kr tUkZy izfof"V;kW djsa A

299

Y Limited issued 2,000 shares of 100 each at a premium of 20%. Amount payable as
Rs.30 on Application, Rs.65 on Allotment ( including premium ) and Rs.25 on first
call. Rajendra, holder of 400 shares could pay Application and Allotment money but
failed to pay Call money. The directors forfeited his share. Pass journal entries related
to forfeiture of shares.

10- dqekj fyfeVsM us fodkl fyfeVsM ls :i;s 63]000 esa ,d e'khu [kjhnh A [kjhn izfrQy ds
:i esa 100 :i;s okys iw.kZnRr lerk va'k dks 10% NwV ij tkjh fd, x,A daiuh ds iqLrdksa
esa tuZy izfof"V;kW dhft, A
Kumar Limited bought a Machine for Rs.63,000 from Vikas Limited. As purchase
consideration it issued equity shares of Rs.100 each fully paid at 10% discount. Pass
journal entries in the books of the company.

( Practical question)

1- ,d fyfeVsM daiuh us 20]000 lerk va'k 10 :i;s izfr va'k dks 5 :i;s izfr va'k izhfe;e
ij tkjh fd, A jkf'k ns; bl izdkj Fkh & vkosnu ij 3 :i;s] vkcaVu ij 9 :i;s ¼izhfe;e
lfgr½ rFkk 'ks"k jkf'k ;kpuk ij A lkjh jkf'k;ka le; ij izkIr gks xbZ A daiuh dh iqLrdksa
esa tuZy izfof"V;kW dhft, A
A Limited company issued 20,000 equity shares of Rs.10 each at a premium of Rs.5
per share. Amount payable as Rs.3 on Application, Rs.9 on Allotment (including
premium) and balance on Call. All the amount were duly received in time. Pass journal
entries in the books of the company.

2- lR;e fyfeVsM us turk dks 10]000 va'k 10 :i;s izfr va'k tkjh fd, A jkf'k ns; bl izdkj
Fkh & vkosnu ij 2 :i;s ] vkcaVu ij 5 :i;s vkSj izFke ;kpuk ij 3 :i;s izfr va'k A
12]500 va'kksa ds fy, vkosnu izkIr gq, vkSj vkcaVu vuqikfrd :i ls fd;s x, A vf/kd
vkosnu jkf'k dk mi;ksx vkcaVu ij fd;s x,s A daiuh dh iqLrdksa es vko';d tuZy izfof"V;kW
dhft, A
Satyam Limited issued 10,000 shares of Rs.10 each to the public payable as Rs.2 per
share on Application, Rs.5 per share on Allotment and Rs.3 on call. Applications were
received for 12,500 shares and allotment was made for pro-rata. Excess application
money was utilized towards allotment. Pass necessary journal entries in the books of

the company.

300

3 lqanj fyfeVsM us ₹ 20 okys 10]000 va'k tkjh fd,] ftl ij ns; jkf'k bl izdkj Fkh& ₹ 10
vkosnu ij] ₹ 6 vkcaVu ij vkSj 'ks"k izFke vkSj vafre ;kpuk ijA lHkh jkf'k;kW ;Fkk le;
izkIr gks xbZA daiuh dh iqLrdksa esa vko';d iath izfof"V;kW dhft,A
Sundar Limited issued 10,000 shares of ₹ 20 each, amount payable ₹ 10 on Application, ₹ 6
on Allotment and balance on first and final call. All the amount were received in time. Pass
necessary Journal entries in the books of the company.
4 'kekZ ,aM daiuh us ₹ 100 okys 20]000 va'k turk dks tkjh fd,A jkf'k bl izdkj ns; Fkh&
₹ 25 vkosnu ij] ₹ 35 vkcaVu ij vkSj 'ks"k izFke vkSj vafre ;kpuk ijA lHkh jkf'k;kW ;Fkk
le; izkIr gks xbZA daiuh dh iqLrdksa esa vko';d iath izfof"V;kW dhft,A
Sharma and company issued 20,000 Shares of ₹ 100 each to the public. Amount payable as ₹
25 on Application, ₹ 35 on Allotment and balance on first and final call. All the amount were
duly received in time. Pass journal entries in the books of company.

5 a,Dl fyfeVsM us ₹ 20 okys 20]000 lerk va'k ₹ 20 izfrva'k ₹ 4 izhfe;e ij fuxZfer fd,A
jkf'k bl izdkj ns; Fkh& ₹ 6 vkosnu ij] ₹ 10 vkcaVu ij ¼izhfe;e lfgr½ vkSj 'ks"k izFke
vkSj vafre ;kpuk ijA lHkh jkf'k;kW ;Fkk le; izkIr gks xbZA daiuh dh iqLrdksa esa iath
izfof"V;kW dhft,A
X Limited issued 20,000 shares of ₹ 20 each at a premium of ₹ 4 per share. Amount payable
as ₹ 6 on Application, ₹10 on Allotment ( including premium) and balance on first and final
call. All the amount were received in time. Pass journal entries in the books of the company.

( Practical question)

1- ,d fyfeVsM daiuh us 10 :i;s okys 20]000 va'k 4 :i;s izfr va'k izhfe;e ij tkjh fd;s A
jkf'k bl izdkj ns; Fkh & vkosnu ij 4 :i;s izfr va'k ¼1 :i;s izhfe;e lfgr ½] 3 :i;s
vkcaVu ij ¼1 :i;s izhfe;e lfgr ½] 4 :i;s izFke ;kpuk ij ¼1 :i;s izhfe;e lfgr ½vkSj
3 :i;s izfr va'k vafre ;kpuk ij ¼1 :i;s izhfe;e lfgr ½ A lkjh jkf'k le; ij izkIr gks
xbZ A daiuh dh iqLrdksa esa tuZy izfof"V;kW dhft, A
A Limited company issued 20,000 shares of Rs.10 each at a premium of Rs.4 per
share. Amount payable as Rs.4 on Application ( including premium Re.1 ), Rs.3 on
Allotment ( including premium Re.1 ), Rs.4 on first call ( including premium Re.1 ) and
Rs.3 on second and final call ( including premium Re.1 ). All the amount were received

in time. Pass journal entries in the books of the company.

301

2- oekZ fyfeVsM esa 2]000 va'k 100 :i;s okys turk dks fuxZfer fd, ftl ij jkf'k ns; &
vkosnu ij 20 :i;s ] vkcaVu ij 30 :i;s ] izFke ;kpuk ij 20 :i;s vkSj f}fr; ,oa vafre
;kpuk ij 30 :i;s A 2]500 va'kksa ds fy, vkosnu izkIr gq, vkSj vuqikfrd vkcaVu fd;k
x;k A vf/kd vkosnu jkf'k dk mi;ksx vkcaVu esa fd;k x;k A lHkh jkf'k;ka ;Fkk le; izkIr
gks xbZ A daiuh dh iqLrdksa esa tuZy izfof"V;kW dhft, A
Verma Limited issued 2,000 shares of Rs.100 to the public, payable Rs.20 on
Application, Rs.30 on Allotment, Rs.20 on first call and Rs.30 on second and final
call. Applications were received for 2,500 shares and allotment was made on
pro - rata. All the money were received in time. Pass journal entries in the books of the
company.

3- euh"k fyfeVsM dh vf/kd`r iwath :;;s 2]50]000 gS tks 10 :i;s okys 25]000 va'kksa esa foHkkftr
gS A daiuh us 10]000 va'kksa dks turk esa tkjh fd;s ftl ij ns; jkf'k bl izdkj Fkh &
vkosnu ij 2 :i;s ] vkcaVu ij 3 :i;s ] izFke ;kpuk ij 2 :i;s vkSj f}fr; ,oa vafre
;kpuk ij 3 :i;s izfr va'k A
8]000 va'kksa ds fy, vkonsu izkIr gq, vkSj daiuh us vkcaVu dj fn;k A lHkh jkf'k;ka le;
ij izkIr gks xbZ A daiuh dh iqLrdksa esa tuZy izfof"V;k dhft, A
Authorised Capital of Manish Limited is Rs.2,50,000, divided into 25,000 shares of
Rs.10 each. Company issued 10,000 shares and application were received for 8,000
shares from the public. Amount payable as Rs.2 on Application, Rs.3 on Allotment,
Rs.2 on First call and Rs.3 on second and final call. Allotment was made and all the
money were duly received in time. Pass journal entries in the books of the company.

302

Accounting for Debentures ( Issue and Redemption )

Answer in one word/Sentence -

1- ,d _.ki= /kkjd dks daiuh ls izfrQy ds :Ik esa D;k izkIr gksrk gS\
What does a debenture holder receives as a return from the company ?
2- [kjhn izfrQy esa ls “kq) laifRRk dks ?kVkus ij tks izkIr gksrk gSa og D;k dgykrh gS \
What is Purchase consideration minus Net assets called ?
3- daiuh ds fy, _.ki= /kkjd D;k gksrs gS \
What are debenture holders for the company ?
4- D;k _.ki=ksa dk gj.k fd;k tk ldrk gS \
Can debentures be forfeited ?
5- okgd _.ki= ls D;k vk”k; gS \
What is bearer debenture ?

( Practical question)
1- ,d fyfeVsM daiuh us turk dks 20 :Ik;s okys 25]000] 12% _.ki= 10% izhfe;e ij
tkjh fd,A lkjh jkf”k ,deq”r izkIr gqbZ A daiuh dh iqLrdksa esa tuZy izfof"V;kW dhft, A
A Limited company issued 25,000, 12% debentures of Rs.20 each at a premium of 10%
to the public. All the amount were received in lump sum. Pass journal entries in the
books of the company.

2- , fyfeVsM daiuh :-99]000 esa ,d Hkou [kjhnh A 100 :Ik;s okys 11% _.ki= dks 10%
NqV ij tkjh djds [kjhn izfrQy dk Hkqxrku djus dk fu.kZ; fy;k x;k A daiuh dh
iqLrdksa esa tuZy izfof"V;kW dhft, A
A Limited Company purchase a building for Rs.99,000. Purchase consideration was
decided to pay off by issuing 11% debentures of Rs.100 each at 10% discount. Pass
journal entries in the books of the company.

3- ykspu fyfeVsM us xqIrk ,aM daiuh ls :-1]20]000 dh laifRRk [kjhnh A 100 :Ik;s okys 8%

_.ki= dks 20 :Ik;s izhfe;e ij tkjh djds Hkqxrku fd;k Xk;k A daiuh dh iqLrdksa esa
vko”;d tuZy izfof’V;ka dhft, A

303

Lochan Limited purchase assets worth Rs.1,20,000 from Gupta & Company. Payment
was made by issuing 8% debentures of Rs.100 at a premium of Rs.20 per debenture.
Pass necessary Journal entries in the books of the company.

4- ,Dl fyfeVsM us ?kj QuhZpj gkml ls :-36]000 dk QuhZpj [kjhnk A [kjhn izfrQy ds :Ik
esa blus 20 :Ik;s okys 12% _.ki= tkjh fd, A daiuh dh iqLrdksa esa vko”;d tuZy
izfof"V;kW dhft, A
X limited bought Furniture of Rs.36,000 from Ghar Furniture house. As purchase
consideration it issued 12% debentures of Rs.20 each. Pass necessary Journal entries in
the books of the company.
5- ,chlh fyfeVsM us lezkV e”khujh ls :-42]000 esa ,d e”khu [kjhnh A 100 :i;s okys 15%
_.ki= 5% izhfe;e ij tkjh djds Hkqxrku fd;k x;k A daiuh dh iqLrdksa esa vko”;d
tuZy izfof"V;kW dhft, A
ABC Limited purchased a machine for Rs.42,000 from Samrat Machinery. Payment
was made by issuing 15% debentures of Rs.100 each at a premium of 5%. Pass
necessary Journal entries in the books of the company.

( Practical question)

1- ikWay fyfeVsM us 100 :i;s okys 4]000 ] 12% _.k i= 10% NwV ij tkjh fd, A jkf'k bl
izdkj ns; Fkh & vkosnu ij 30 :i;s ] vkcaVu ij 15 :i;s vkSj 'ks"k jkf'k ;kpuk ij A
lHkh jkf'k fof/kor le; ij izkIr fd, x, A daiuh dh iqLrdksa esa tuZy izfof"V;kW djsa A
Paul Limited issued 4,000, 12% debentures of Rs.100 each at 10% discount payable
as Rs.30 on Application, Rs.15 on Allotment and balance on Call. All the money were
duly received in time. Pass journal entry in the books of the company.
2- lezkV e'khujh us dq.kky fyfeVsM ls :- 99]000 esa ,d e'khu [kjhnh A 100 :i;s okys 10%
_.ki= tkjh djds [kjhn izfrQy dk Hkqxrku djus dk fu.kZ; fy;k x;k A vko';d
jkstukepk izfof"V;kW djsa tc _.ki=ksa dks tkjh fd;k x;k gSa & ¼v½ leewY; ij ¼c½ 10%
izhfe;e ij ¼l½ 10% NwV ij A
Samrat Machinery purchased a Machine for Rs.99,000 from Kunal Limited. Purchase
consideration was decided to pay off by issuing 11% debentures of Rs.100 each. Pass
necessary journal entries when the debentures are issued (a) Par (b) at 10% Premium

(c) at 10% discount.

304

3- yksds'k fyfeVsM us 5]000] 8% _.ki= 50 :i;s okys tkjh fd, A jkf'k bl izdkj ns; Fkh
& vkosnu ij 10 :i;s ] vkcaVu ij 10 :i;s vkSj 'ks"k jkf'k ;kpuk esa ns; Fks A 800 _.ki=ksa
dk ,d /kkjd vkcaVu jkf'k vkSj ;kpuk jkf'k dk Hkqxrku djus esa foQy jgk A daiuh dh
iqLrdksa esa vko';d jkstukepk izfof"V;ka dhft, A
Lokesh Limited issued 5,000, 8% debentures of Rs.50 each payable as Rs.10 on
Application, Rs.10 on Allotment and the balance on call. A holder of 800 debentures
failed to pay Allotment money and Call money. Pass necessary journal entries in the
books of the company.

4- fuEufyf[kr ekeyksa esa _.ki= tkjh djus ds fy, tuZy izfof"V;kW djsa %&
¼v½ 10]000 :i;s ds 8% _.ki= 100 :- izR;sd leewY; ij tkjh fd, x,]
tks leewY; ij 'kks/kuh; gSa A
¼c½ 10]000 :i;s ds 8% _.ki= 100 :- izR;sd dks 5% ds izhfe;e ij tkjh fd, x,]
tks leewY; ij 'kks/kuh; gS A
¼l½ 10]000 :i;s ds 8% _.ki= 100 :- izR;sd dks 5% dh NwV ij tkjh fd, x, ]
tks leewY; ij 'kks/kuh; gS A
Pass journal entries for the issue of debentures in the following cases :
a) Issued 8% debentures of Rs.10,000 of Rs.100 each at par, redeemable at par.
b) Issued 8% debentures of Rs.10,000 of Rs.100 each at a premium of 5% redeemable
at par.
c) Issued 8% debentures of Rs.10,000 of Rs.100 each at a discount of 5% redeemable
at par.

( Practical question)

1- /kksuh fyfeVsM us 20]000] 10% _.ki= 100 :i;s izR;sd tkjh fd,] tks vkosnu ij 10 :i;s]
vkcaVu ij 20 :i;s ] izFke ;kpuk ij 40 :i;s vkSj nwljh ,oa vafre ;kpuk ij 30 :i;s
izfr _.ki= ds :i esa jkf'k ns; Fks A lHkh jkf'k ;Fkk le; ij izkIr fd, x,A daiuh dh
iqLrdksa esa tuZy izfof"V;kW djsa A
Dhony Limited issued 20,000 10% debentures of Rs.100 each at par, payable as Rs.10
on Application, Rs.20 on Allotment, Rs.40 on First call and Rs.30 per debenture on
second call. All the money were duly received in time. Pass journal entries in the books

of the company.

305

2- fuEufyf[kr ekeyksa esa tuZy izfof"V;kW djsa %&
¼v½ 2000] 12% _.ki= izR;sd 100 :i;s okys dk fuxZeu leewY; ij vkSj leewY; ij
'kks/ku A
¼c½ 2000] 12% _.ki= izR;sd 100 :i;s okys dk fuxZeu leewY; ij vkSj 5% izhfe;e
ij 'kks/ku A
¼l½ 2000] 12% _.ki= izR;sd 100 :i;s okys dks 5% izhfe;e ij fuxZeu vkSj leewY;
ij 'kks/ku A
¼n½ 2000] 12% _.ki= izR;sd 100 :i;s okys dks 5% NqV ij fuxZeu vkSj leewY; ij
'kks/kuA
Pass journal entries in the following cases:
a) Issue of 2000, 12% debentures of Rs.100 each at par and redeemable at par.
b) Issue of 2000, 12% debentures of Rs.100 each at par and redeemable at a premium
of 5%.
c) Issue of 2000, 12% debentures of Rs.100 each at premium of 5% and redeemable
at par.
d) Issue of 2000, 12% debentures of Rs.100 each at discount of 5% and redeemable
at par.

3- ,d fyfeVsM daiuh us 10 :i;s okys 4]000] 15% _.ki= dks 12 :i;s izfr _.ki= ij
tkjh fd;k A vkosnu ij 2 :i;s ] vkcaVu ij 5 :i;s ¼izhfe;e 2 :i;s lfgr ½ ] izFke
;kpuk ij 3 :i;s vkSj vafre ;kpuk ij 2 :i;s ds :i es jkf'k ns; FkhA lkjh jkf'k le;
ij fey xbZ A daiuh dh iqLrdksa esa tuZy izfof"V;kW dhft, A
A Limited company issued 4,000, 15% debentures of Rs.10 each at Rs.12 per
debenture. Amount payable as Rs.2 on Application, Rs.5 on Allotment ( including
premium Rs.2 ), Rs.3 on first call and Rs.2 on final call. All the money were received
in time. Pass journal entries in the books of the company.

306

िव ीय िववरणो का िव े षण
Part- B ;- Analysis of Financial Statement
bdkbZ&4 foRrh; fooj.kksa dk fo’ys"k.k
Unit-4 Analysis of Financial Statement
9 . कंपनी के िव ीय िववरण
Financial Statement of a Company

(Choose the right option)

1. लाभ हािन खाता कहलाता है-
a) आय िववरण b) लाभ िववरण
c) हािनय का िववरण d) यय का िववरण

Profit and Loss Account is called-

a) Income Statement b) Profit Statement
c) Statement of Losses d)Expenditure Statement
2. आिथक िच ा कहलाता है-
a) संपि य का िववरण b) दािय वो का िववरण
c) ि थित िववरण d) आय िववरण

Balance Sheet is called–

a) Description of the properties b) Statement of liabilities
c) Condition Description d)Income details
3. ैितज या ऊ वाधर ा प म िकसे तुत िकया जाता है-
a) लाभ हािन खाता b) िच ा
c) आय यय खाता d) रोकड खाता
What is presented in horizontal or vertical format-
a) Profit and Loss A/C b) Balance Sheet

c) Income Expenditure A/C d) Cash A/C

307

4. कंपनी को अपना िच ा िकस सभा म ततु करना अिनवाय है-
a) असाधारण सभा म b) ऋणप धा रय क सभा म
c) वािषक साधारण सभा म d) संचालक मंडल क सभा म
In which meeting is it mandatory for the company to present its balance sheet?
a) in an extraordinary assembly b) in the meeting of debenture holders
c) annual general meeting d)in the meeting of the board of directors
5. तरल संपि म शािमल ह-
a) ह त थ रोकड़ b) भिू म
c) भवन d) उपरो सभी
Liquid Assets include-
a) Cash in hand b) Land
c) Building d) All of the above
6. चालू सपं ि म शािमल ह-
a) ह त थ रोकड़ b) देनदार
c) ा य िवप d) उपरो सभी
Current Assets include-
a) Cash in hand b) Debtors
c) Bills receivable d) All of the above
7. चालू संपि अिधक से अिधक िकतने समय म रोकड़ म प रवितत क जा सकती है-
a) 6 माह b) 1 वष
c) 9 माह d) कभी भी
What is the maximum time in which current assets can be converted into cash?
a) 6 months b) 1 year
c) 9 months d) Anytime
8. ऐसे दािय व िजसका होना न होना भिव य क िकसी घटना पर िनभर करता है-
a) चालू दािय व b) संयोिगक दािय व
c) गैर चालू दािय व d) इनम से कोई नह
Liabilities whose non existent depends on some future event-
a) current liability b) incidental liability

c) non- current liability d)none of these

308

9. िकस पंजू ी को िच े के महायोग म शािमल नह िकया जाता है-
a) चक
ु ता पंजू ी b) िनगिमत पूंजी
c) अिधकृ त पूंजी d) अंशपंजू ी
Which capital is not included in the balance sheet?
a) Paid up Capital b) Issued Capital
c) Authorised Capital d) Share Capital

10. िव ीय िववरण का मख
ु उ े य है-
a) लाभदायकता का पता लगाना b) िव ीय िववरणो क जाचं करना
c) िहत ािहय को सतं ु करना d) औपचा रकता परू ी करना
The main objective of the financial statement is-
a) Finding out Profitability b) Examine the Financial Statements
c) Satisfying the beneficiaries d) Completion of formalities

309

10. िव ीय िववरण का िव े षण एवं लेखांकन अनपु ात
Financial Statement Analysis and Accounting Ratio

(Choose the right option)

1. चालू अनपु ात का आदश तर है-
a) 4 : 1 b) 2: 1
c) 1: 1 d) 0.5: 1
The ideal level current ratio is–
a) 4 : 1 b) 2: 1
c) 1: 1 d) 0.5: 1
2. आदश तरल अनपु ात होता है-
a) 1: 1 b) 3: 1
c) 2:1 d) 4: 1
Ideal liquid ratio is -
a) 1: 1 b) 3: 1
c) 2:1 d) 4: 1
3. सम िव छे द िबदं ु िव ेषण प करता है-
a) लाभ को b) हािन को
c) न लाभ और न हािन को d) सकल लाभ को
Breakpoint Analysis explains-
a) Profit b) Loss
c) Neither Profit nor Loss d) Gross Profit
4. कंध आवत अनपु ात है
a) तरलता अनपु ात b) लाभदायकता अनपु ात
c) शोधन मता अनपु ात d) ि याशीलता अनपु ात
Inventory turnover ratio is –

a) Liquidity ratio b) Profitability ratio
c) Solvency ratio d) Activity ratio

310

5. सामा यतया िकस अनपु ात क गणना ितशत म क जाती है-
a) लाभदायकता अनुपात b) ि याशीलता अनपु ात
c) िव ीय ि थित अनपु ात d) उपयु म से कोई नह
Which ratio is usually calculated in percentage?
a) Profitability ratio b) Activity ratio
c) Financial Position ratio d) None of the above
6. सम आकार िववरण म आय मद के ितशत क गणना िकस पर क जाती है-
a) कुल लाभ b) शु लाभ
c) िव य d) शु आय
What are the percentages of Income items calculated on an even size statement?
a) Total profit b) Net profit
c) Sales d) Net income
7. सम आकार ि थित िववरण म सपं ि क मद मे ितशत क गणना िकस पर क जाती है-
a) कृ ि म सपं ि b) कुल थायी सपं ि
c) कुल चालू संपि d) कुल सपं ि
What is the percentage of property items calculated in an even size position statement?
a) Artificial property b) Total Fixed Assets
c) Total Current Assets d) Net worth
8. संचालन अनपु ात-
a) लाभदायकता अनपु ात b) ि याशीलता अनपु ात
c) शोधन मता अनपु ात d) इनम से कोई नह
Operating Ratio –
a) Profitability ratio b) Activity ratio
c) Solvency ratio d) None of these
9. तरल संपि का सू -
a) चालू सपं ि - पवू द b) चालू सपं ि - कंध- पवू द यय
c) चालू सपं ि + कंध +पवू द यय d) चालू सपं ि - कंध +पवू द यय
Liquid Asset Formula –
a) Current Assets – Prepaid
b) Current Assets – Stock – Prepaid expenses

c) Current Assets + Inventories + Prepaid Expenditure
d) Current Assets – Inventory + Prepaid Expenses

311

10. तरलता क सबसे कड़ी जाचं होती है-
a) चालू अनपु ात b) पणू तरलता अनुपात
c) तरल अनपु ात d) उपयु सभी
The Strictest test of Liquidity is –
a) Current ratio b) Absolute Liquidity ratio
c) Liquid ratio d) All of the above
11. पजंू ी आवत अनपु ात सबं धं थािपत करता है-
a) िव य और य अनपु ात b) शु िव य और िनयोिजत पजंू ी म
c) सकल िव य और िनयोिजत पजंू ी d) इनम से िकसी म नह
The capital Turnover ratio relationship establishes –
a) Sales and purchase ratio b) Net sales and capital employed
c) Gross Sales and Capital Employed d) None of these

Answer in one word/Sentence –

1 िकस पंजू ी से अश
ं का िनगमन नह िकया जा सकता?
From which capital shares cannot be issued?
2 कंपनी क दशा म िव ीय वष कौन सा होता है?
What is the financial year in case of a Company?
3 चालू दािय व के दो उदाहरण िलिखए।
Give two examples of Current Liability.
4 कंपनी के कौन से दो मल
ू भतू िव ीय िववरण है?
What are the two basic Financial Statements of the Company?
5 ावधान शीषक के अतं गत कोई दो मद के नाम िलिखए।
Name any 2 items under the heading Provision.
6 वह पँजू ी िजसे कंपनी ने ा कर िलया है?
What is the capital acquired by the company?
7 िकस िव ीय िव ेषण को गितशील माना जाता है?
Which financial analysis is considered to be Dynamic?

8 कुल लागत कुल िव य के बराबर कहाँ होती है?
When is the Total cost equal to Total Sales?

312

9 िव ीय िववरण का आलोचना मक मू यांकन करना या कहलाता है?
What is the critical Appraisal of Financial statements called?
10 तल
ु ना मक िववरण को बनाने हेतु िकतने वष के समक
ं क आव यकता होती है?
How many years of data are required to create comparative details?
11 आंकड़ के प रवतन का अनुमान िकस िव ेषण ारा लगाया जाता है?
What is the estimation of the change of statistics?
12 कायशील पंजू ी या है?
What is Working Capital?
13 चालू अनपु ात के िलए मािपत अनुपात या है?
What is an ideal Current Ratio?
14 तरल अनपु ात के िलए मािपत अनुपात या है?
What is an ideal Liquid ratio?
15 ऐसी चालू संपि य को बताएं जो तरल नह है।
State the current assets that are not Liquid.
16 िकस िव ेषण को ि थर माना जाता है?
Which analysis is considered to be stable?
18 चालू अनपु ात क गणना हेतु सू िलिखए।
Write a formula for current Ratio Calculation.
19 तरलता अनपु ात गणना हेतु सू िलिखए।
Write a formula for Liquidity Ratio Calculation.
20 िकस सपं ि को रोकड़ म तरु ंत प रवितत िकया जा सकता है ।
Name the asset that can be changed immediately into cash .
21 िकस अनपु ात का सबं धं बेचे गए माल क लागत एवं औसत कंध से है ?
Which ratio is related to the cost and average of the goods sold?

1 कंपनी के िच े म िन न मद के उपशीषक िलिखए।
1) अिधकृ त पजूं ी 2) याित
3) ा य िवप 4) िस यू रटीज ीिमयम रज़व खाता
Write sub-headings of the following items in the company’s.

1) Authorized Capital 2) Goodwill
3) Bills Receivable 4) Securities Premium Reserves Account

313

2 िन नािं कत मु य शीषक म कौन कौन सी मदे िलखी जाती है, कोई दो - दो मदे िलिखए।
1) अंशधा रय के कोष 2) गैर चालू दािय व
3) चालू सपं ि या 4) चालू दािय व
Which items is written in the following main heads, write any two items.
1) Shareholder’s Funds 2) Non-Current Liabilities
3) Current Assests 4) Current Liabilities
3 कंपनी अिधिनयम 2013 क अनसु चू ीIII भाग I के अनसु ार िच े के समता एवं दािय व भाग के िकस मु य शीषक और
उपशीषक म िन नािं कत मद का दशन िकया जाएगा?
1) ऋण प पर देय याज 2) देय िवप
3) ाहक से ा अि म 4) िविवध लेनदार
As per Schedule III part 1 of the Companies Act 2013, in which main head and subheading of the
Equity and Liability part of the Balance Sheet, the following items will be displayed?
1) Interest payable on Debentures 2) Bills Payable
3) Advances received from customers 4) Sundry Creditors
4 िन न जानकारी से िव ीय कंपनी के िलए प रचालक से आगम आय और कुल आगम क गणना क िजए।
िविवध आय ₹ 5000, ऋण पर याज ₹ 8,00,000 , लाभांश ₹ 1,00,000, भवन के िव य पर लाभ ₹15,00,000
From the following information calculate the operating income and total revenue for the financial
company.
Income ₹5000, Interest on Loan ₹8,00,000, Dividend ₹ 1,00,000, Profit on Sale of Building ₹
15,00,000
5 िन निलिखत िववरणो से 31 माच 2018 एवं 31 माच 2019 को समा वष हेतु तुलना मक आय िववरण बनाइए-
From the following details prepare the comparative income statement for the year ended 31st
March, 2018 and 31st March 2019
िववरण (Particulars) 2021 2022
िब Sale ₹ 80,000 ₹ 1,00,000
िब िकए गए माल क लागत िब का 60% िब का 60%
The Cost of the goods sold 60% of Sales 60% of Sales
अ य यय सकल लाभ पर 10% सकल लाभ पर 15%
Indirect Expenses 10% on Gross Profit 15% on Gross Profit

आयकर क दर 50% 60%
Income Tax rate 50% 60%

314

6 िन न सचू नाओ ं से तुलना मक आय का िववरण बनाइए-
From the following details make out a Comparative Income Statement.
िववरण(Particulars) 2021 2022
सच
ं ालन से आय ₹ 2,00,000 ₹ 4,00,000
Revenue from Operations
उपभोग िकए गए माल क लागत आय का 50% आय का 60%
Cost of Material Consumed 50% of Income 50% of Income
अ य यय ₹15,000 ₹24,000
Other Expenses
आयकर क दर कर से पवू लाभ का 40% कर से पवू लाभ का 40%
Income Tax Rate 40% of profit before 40% of profit before
tax tax

7. िन नांिकत सचू नाओ ं से सम आकार लाभ तथा हािन का िववरण तैयार क िजए।
From the following information prepare Common Size Statement of Profit and Loss.

िववरण(Particulars) 31-12-2018 31-12-2019
संचालन से आय 20,00,000 30,00,000
Revenue from Operations
अ य आय 4,00,000 3,60,000
Other Income
यु साम ी क लागत 10,00,000 18,00,000
Cost of Material Consumed
अ य यय 2,00,000 3,00,000
Other Expenses
कर क दर 30% 30%
Tax Rate

315

8 िन नािं कत सचू नाओ ं से तुलना मक ि थित िववरण तैयार क िजए।
From the following information prepare comparative Balance Sheet.
िववरण (Particulars) 31-03-2020 31-03-2021
समता अश
ं पजंू ी Equity Share 25,00,000 25,00,000
Capital
थायी स पि यां Fixed Assets 30,00,000 36,00,000
संचय एवं कोष Reserve and 5,00,000 6,00,000
Surplus
िविनयोग Investments 5,00,000 5,00,000
दीघकालीन उधारी Long-term 15,00,000 15,00,000
Borrowing
चल सपं ि याC
ं urrent Assets 15,00,000 10,50,000
चल दािय व Current Liabilities 5,00,000 5,50,000

9. िन निलिखत सचू ना से चालू अनपु ात क गणना क िजए-
Calculate Current Ratio from the following particulars
चालू दािय व (Current Liabilities) ₹2,50,000 , टॉक(Stock) ₹60,000 , कायशील पंजू ी (Working
Capital) ₹ 1,50,000
10. िन निलिखत सचू नाओ ं से चालू अनुपात ात क िजए –
Find out Current Ratio from the following particulars -
टॉक(Stock) ₹25,000 , देनदार (Debtors) ₹20,000, ा िवप (Bills Receivable)₹5000, अि म कर
चक
ु ाया (Advance Tax) 2000, रोकड़(Cash) ₹15000, लेनदार (Creditors)₹30,000, देय िवप (Bills
Payable) ₹20,000, बक अिधिवकष (Bank Overdraft) ₹2000
11. िन निलिखत जानकारी से चालू अनुपात क गणना क िजए-
Calculate Current Ratio from the following particulars-
कुल सपं ि (Total Assets) ₹1,00,000, अश
ं धारी कोष(Shareholder’s Fund) ₹60,000, गैर चालू दािय व
(Non-Current Liabilities) ₹20,000, गैर चालू संपि या(Non-Current Assets) ₹50,000

12. िन नािं कत िववरण से चल अनपु ात क गणना क िजए-
Calculate Current Ratio from the following particulars-

316

1) यापा रक ा य(Trade Receivables)₹50,000
2) पवू द यय (Prepaid Expenses) ₹5000
3) रोकड़ तथा रोकड़ तु य(Cash and Cash Equivalents) ₹15,000
4) अ पकालीन िविनयोग(Short-term Investment)₹10,000
5) मशीनरी (Machinary) ₹3500
6) यापा रक देयताए(Trade Payables) ₹50,000
7) ऋणप (Debentures) ₹1,00,000
8) टॉक(Stock) ₹20,000
13. िन न सचू नाओ ं से तरल अनपु ात क गणना क िजए-
Calculate Liquid Ratio from the following particulars-
चालू देयताए(Current Liabilities) ₹ 1,40,000, कायशील पजंू ी (Working Capital) ₹1,80,000 , लेनदार
(Creditors) ₹3000, टॉक(Stock)₹1,10,000

14 िन नािं कत िववरण से तरलता अनपु ात ात क िजए-
Find out Liquid Ratio from the following particulars -
1) टॉक(Stock)₹ 40,000
2) कायशील पजंू ी(Working Capital) ₹1,20,000
3) चल सपं ि यां(Current Assets)₹ 2,00,000
15. िन निलिखत सचू ना से तरलता अनुपात का प रकलन क िजए-
Calculate Liquid Ratio from the following particulars
चालू दािय व (Current Liabilities)₹50000, चालू संपि या(ं Current Assets)₹80,000, टॉक(Stock)
₹25,000, पवू द यय (Prepaid Expenses) ₹5000, देनदार (Debtors)₹30,000

16. िन निलिखत से टॉक आवत अनपु ात क गणना क िजए-
Calculate Stock Turnover Ratio from the following particulars.
ारंिभक टॉक(Opening Stock)₹30,000, अिं तम टॉक(Closing Stock)₹15,000, य (Purchase)
₹80,000, य वापसी (Purchase Return) ₹5000, मजदरू ी (Wages) ₹9000, आवक गाड़ी भाड़ा(Carriage
Inwards) ₹3500, जावक भाड़ा (Carriage Outwards) ₹7000

17. िन निलिखत सचू ना से थायी प रसंपि आवत अनपु ात क गणना क िजए-
Calculate Fixed Assets Turnover Ratio from the following particulars .

317

िनयोिजत पंजू ी(Net Capital)₹5,00,000, कायशील पंजू ी(Working Capital) ₹80,000, िबके हए माल क
लागत(Cost of Goods Sold) ₹13,44,000, सकल लाभ(Gross Profit) ₹3,36,000

18. िन निलिखत से ऋण समता अनपु ात ात क िजए-
Calculate Debt Equity Ratio from the following informations.
समता अंश पंजू ी(Equity Share Capital) ₹2,00,000, सामा य संचय(General Reserve)₹1,60,000 , 10%
ऋण प (10% Debentures) ₹1,50,000, चालू देयताए(Current Liabilities) ₹1,00,000, ारंिभक
यय(Opening Expenses)₹10,000
19. िन निलिखत से देनदार आवत अनपु ात एवं औसत सं ह अनुपात क गणना क िजए-
Calculate Debor’s Turnover Ratio and Average Collection Ratio from the following Particulars.
ारंिभक देनदार(Opening Debtors) ₹ 37000, अिं तम देनदार(Closing Debtors)₹ 43000,
िव य(Sales)₹6,00,000, नकद िव य(Cash Sale) ₹80,000

20. िन निलिखत जानकारी से चालू अनुपात ात क िजए-
Calculate Current Ratio from the following particulars-
कुल सपं ि (Total Assets) ₹2,00,000, अंशधारी कोष(Shareholder’s Fund) ₹1,20,000, गैर-चालू
दािय व(Non-Current Liabilities) ₹40,000, गैर-चालू संपि या (Non-Current Assets) ₹1,00,000

(Theory question)
1. िव ीय िववरण के िव ेषण के उ े य समझाइए।
Explain the objectives of Financial Statement Analysis.
2. िव ीय िववरण के िव ेषण क आव यकता या मह व बताइए।
Write Importance of Financial Statement Analysis.
3. ैितज िव े षण तथा लंबवत िव ेषण म अंतर बताइए।
Write the differences between horizontal Analysis and Vertical Analysis.
4. तल
ु ना मक िव ीय िववरण से या आशय है लाभ बताइए।
What is the meaning of Comparative Financial Statement? Write its advantages.
5. तल
ु ना मक िच े से या आशय है, इसक उपयोिगता बताइए।
What is the meaning of Comparative Balance Sheet? Write its uses.
6. चालू अनुपात एवं तरल अनपु ात को समझाइए।

Explain the Current Ratio and Liquid Ratio.

318

7. सकल लाभ अनपु ात या है ,इसके उ े य व मह व बताइए।
What is the Gross Profit Ratio? Write its advantages or importance.
8. िव ीय िव ेषण क सीमाएं प क िजए।
Clarify the limitation of Financial Analysis.
9. िन निलिखत अनपु ात के अथ एवं उ े य िलिखए।
Write the meaning and purpose of the following Ratios.
1) चालू अनपु ात(Current Ratio)
2) ऋण समता अनपु ात(Debt-Equity Ratio)
3) वािम व अनपु ात(Proprietary Ratio)
4) पंजू ी आवत अनपु ात (Capital Turnover Ratio)
5) थायी प रसंपि आवत अनपु ात (Fixed Assets Turnover Ratio)
6) कायशील पंजू ी अनपु ात (Working Capital Ratio)
10. लाभदायकता अनपु ात तथा िब अनुपात से आप या समझते हो।
What do you understand by Profitability Ratio and Sales Ratio?

319

11. रोकड़ वाह िववरण
Cash Flow Statement

(Theory question)

1. रोकड़ वाह िववरण या है, इसके उ े य या योग िलिखए।
What is Cash Flow Statement? State its uses.
2. रोकड़ वाह तथा कोष वाह म अंतर प क िजए।
Distinguish between Cash Flow and Fund Flow Statement.
3. रोकड़ वाह िववरण के कोई 4 लाभ या मह व को बताइए।
State the four importance of Cash Flow Statement.
4. रोकड़ वाह िववरण क सीमाएं प क िजए।
Explain the limitations of Cash Flow Statement?
5. रोकड़ वाह िववरण और आय िववरण म अंतर बताइए।
Distinguish between Cash Flow and Income Statement.
6. रोकड़ वाह के कार को िलिखए?
Write the types of Cash Flow.
7. प रचालन (संचालन) ि याओ ं से रोकड़ वाह िकसे कहते ह?
What is Cash Flow from Operating Activities.
8. िनवेश ि याओ ं से रोकड़ वाह के उदाहरण का उ लेख क िजए।
Give examples of Cash Flow Statement from Investment Activities.
9. िव ीय ि याओ ं से रोकड़ वाह म शािमल ि याओ क सचू ी दीिजए।
List the activities involved in Cash Flow from Financial Activities.

320

ि या मक (Practical question)
1. िन निलिखत िववरणो से चालन (संचालन) से ा रोकड़ क गणना क िजए :-
िववरण वष 2020 वष 2021
देनदार 15000 12000
अद यय 3000 1000
पवू द यय 2000 2500
लेनदार 13000 15000

वष 2022के दौरान लाभ हआ ₹ 25000
From the following information calculate Cash Flow from Operating Activities-
particulars 2020 2021
Debtors 15000 12000
Outstanding exp. 3000 1000
Prepaid exp. 2000 2500
Creditors 13000 15000
Profit during the year 2022 is ₹ 25000

2. ह र एंड कंपनी ने 31-03-2022 को समा होने वाले वष ₹ 50,000 का लाभ अिजत िकया। िन नांिकत सचू नाओ ं
के आधार पर सचं ालन ि याओ ं से रोकड़ वाह िववरण बनाइए -
िववरण 31-03-2021 31-03- 2022
टॉक 14,000 12,000
यापा रक ाि यां 40,000 50,000
पवू द यय 2,000 3,000
अद यय 4,000 3,000
यापा रक दािय व 3,0000 35,000

321

From the following information calculate Cash Flow from Operating Activities: for the year
ending 31-03-2022 Hari and Company, current year profit ₹ 50000
Particulars 31-03-2021 31-03- 2022
Stock 14,000 12,000
Trade receivable 40,000 50,000
Prepaid exp. 2,000 3,000
Outstanding exp. 4,000 3,000
Trade payable 30,000 35,000

3. िन न जानकारी से चालन से ा रोकड़ वाह क गणना क िजए –
िववरण 31-03-2021 31-03- 2022
लाभ हािन के िववरण का शेष 54,750 27,000
यापा रक ाि यां 11,250 13,950
अद यय 10,200 17,850
पेटट - 18,000
पवू द यय 14,000 12,000
यापा रक देयताएं 32,000 44,000

From the following information calculate TheCash Flow Statement –
Particulars 31-03-2021 31-03-2022
Balance Profit & Loss statement 54,750 27,000
Trade receivable 11,250 13,950
Outstanding exp. 10,200 17,850
Patents - 18,000
Prepaid exp 14,000 12,000
Trade payable 32,000 44,000

322

4 . िन न सचू नाओ ं से सचं ालन ि याओ ं से रोकड़ वाह क गणना क िजए –
िववरण 31-03-2021 31-03-2022
लाभ हािन खाता 1,20,000 1,10,000
देनदार 62,000 50,000
अद िकराया 42,000 24,000
पवू द बीमा 4,000 8,000
लेनदार 38,000 26,000
याित 76,000 80,000

From the following information calculate Cash Flow from Operating Activities:
Particulars 31-03-2021 31-03- 2022
Profit & Loss A/C 1,20,000 1,10,000
Debtors 62,000 50,000
Outstanding rent 42,000 24,000
Prepaid insurance 4,000 8,000
Creditors 38,000 26,000
Goodwill 76,000 80,000

5. िन निलिखत सचू ना से चालन से ा रोकड़ क गणना क िजए –
िववरण 2021 2022
टॉक 60,000 50,000
देनदार 25,000 23,000
लेनदार 32,000 28,000
अद यय 3,500 4,500
उपािजत आय 8,000 9,000
देयिबल 35,000 22,000

लाभ हािन खाता 80,000 90,000

323

From the following information calculate Cash Flow from Operating Activities:
Particulars 2019 2020
Stock 60,000 50,000
Debtors 25,000 23,000
Creditors 32,000 28,000
Outstanding exp. 3,500 4,500
Accrued Income 8,000 9,000
Bills payable 35,000 22,000
Profit & Loss A/C 80,000 90,000

6. िन न सचू नाओ ं से प रचालन ि याओ ं से रोकड़ वाह क गणना क िजए –
िववरण 31-03-2021 31-03-2022
लाभ हािन का शेष 5,000 18,000
देनदार 5,000 4,000
लेनदार 2,500 2,000
ा य िवप 1,000 1,250
देय िवप 4,000 2,500
अद यय 80 100
उपािजत आय 600 700
From the following information calculate Cash Flow from Operating Activities:
Particulars 31-03-2021 31-03-2022
Balance Profit & Loss statement 5,000 18,000
Debtors 5,000 4,000
Creditors 2,500 2,000
Bills receivable 1,000 1,250
Bills payable 4,000 2,500
Outstanding exp 80 100

Accrued Income 600 700

324

7. िन न सचू नाओ ं से िविनयोग ि याओ ं ारा रोकड़ वाह क गणना क िजए –
िववरण 31-12-2021 31-12-2022
िविनयोग 3,50,000 2,00,000
याित 3,00,000 -
मशीन 4,50,000 3,00,000
पेटट - 75,000

अित र सचू नाएं -
1. िविनयोग पर याज ा िकया ₹ 15,000
2. अंश म िनवेशक से लाभांश ा िकया ₹ 25,000
3. िनवेश के प म खरीदे गए लांट के उपयोग से िकराया ा िकया ₹75,000
From the following particulars calculate Cash Flow from Financing Activities:
Particulars 31-12-2021 31-12-2022
Investment 3,50,000 2,00,000
Goodwill 3,00,000 -
Machine 4,50,000 3,00,000
Patents - 75,000
Additional Information:
1. Interest received on investment ₹15,000
2. Dividend received on shares as an investment ₹25,000
3. Rent received ₹ 70,000 from a plant which was purchased out of funds for investment
purpose and let out for commercial use
8. िन निलिखत सचू नाओ ं से िव ीय ि याओ ं से रोकड़ वाह क गणना क िजए –
िववरण 31-12-2015 31-12-2016
समता अश
ं पंजू ी 4,00,000 5,00,000
10% ऋणप 1,50,000 1,00,000
ितभिू त ीिमयम 40,000 50,000

अित र सचू ना - ऋणप पर याज का भगु तान िकया गया ₹10,000

325

From the following information calculate Cash Flow from Financing Activities:
Particulars 31-12-2015 31-12-2016
Equity Share Capital 4,00,000 5,00,000
10% Debenture 1,50,000 1,00,000
Securities Premium 40,000 50,000

Additional information:
Interest paid on debenture ₹ 10,000
(OR)

Part B

COMPUTERIZED ACCOUNTING

(Choose the right option)

1. कं यटू र एक है –
A) लॉि चंग मशीन B) कै कुलेटर
C) क ोिलगं उपकरण D) इनम से कोई नह
Computer is a –
A) Launching Machine B) Calculator
C) Controlling Device D) None of these
2. िन न म से कौन सा इनपटु उपकरण नह है –
A) क बोड B) मै नेिटकिड क
C) मॉिनटर D) लॉपीिड क
Which of the following is not an input device –

A) Keyboard B) Magnetic disk
C) Monitor D) Floppy disk

326

3. हाडकॉपी ि ंटर है
A) आउटपटु उपकरण B) इनपटु उपकरण
C) शि शाली कं यटू र D) संचय उपकरण
Hardcopy computer is –
A) Output device B) Input device
C) Powerful Computer D) Storage device
4. कं यटू र का िदमाग कहलाता है –
A) ए एलयू B) सीपीयू
C) मॉिनटर D) आर ओएम
Computer’s brain is called –
A) ALU B) CPU
C) Monitor D) ROM
5. यावसाियक काय म कौन सी भाषा योग होती है -
A) बेिसक B) कोबोल
C) फोरटोन D) इनम से कोई नह
Which language is used in business work –
A) Basic B) Cobol
C) Fortran D) None of these
6. कं यटू रीकृ त लेखांकन है –
A) सॉ टवेयर B) डाटाबेस
C) हाडवेयर D) इनम से कोई नह
Computerised accounting is -
A) Software B) Database
C) Hardware D) None of these
7. एक बाइट म िकतने िबट होते ह –
A) 10 B) 12 C) 6 D) 8
How many bits are there in a bite –

A) 10 B) 12 C) 6 D) 8

327

8. सीपीयू का अथ है –
A) के ीय ोसेिसंग इकाई B) कं ोल ोसेिसगं इकाई
C) कं ोल ाइमरी इकाई D) उपयु म से कोई नह
CPU means –
A) Central processing unit B) Control processing unit
C) Control primary unit D) None of these
9. इनपटु का आउटपटु म पातं रण िकसके ारा िकया जाता है –
A) पे रफे र स B) मेमोरी
C) टोरेज D) सीपीयू
The conversion of input into output is done by -
A) Peripherals B) Memory
C) Storage D) CPU
10. इनम से कौन सा आउटपटु यं है -
A) माउस B) कंु जीपटल
C) मॉनीटर D) क ीय संसाधन इकाई
Which of the following is an output device -
A) Mouse B) Keyboard
C) Monitor D) Central processing unit
11. िन नािं कत म कौन सा हाडवेयर है –
A) एमएस ऑिफस B) ािफ स
C) मॉिनटर D) फोटोशॉप
Which of the following is hardware -
A) MS Office B) Graphics
C) Monitor D) Photoshop
12. ेडशीट को कौन उपयोग म ला सकता है –
A) पेशेवर यवसायी B) इंजीिनयर
C) टॉक ोकर D) उपयु सभी
Who can access the spreadsheet –

A) Professional businessmen B) Engineer
C) Stock broker D) All of the above

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13. एक वकशीट म िकतनी लाइन होती है –
A) 256 B) 1024
C) 65,536 D)32,000
How many lines are there in a worksheet –
A) 256 B) 1024
C) 65536 D) 32000
14. ए सेल म िकतने कॉलम होते ह –
A) 256 B) 1024
C) 216 D)220
How many columns are there in excel –
A) 256 B) 1024
C) 216 D) 220

15. डेटाबेस से या नक
ु सान है –
A) आसान B) असरु ि त
C) अिव सनीय D) अिधक खच ला
What are the disadvantages of database –
A) Easy B) Vulnerable
C) Incredible D) More expensive

Answer in one word/Sentence -

1. डीबीएमएस का परू ा नाम बताइए।
Give the full name of DBMS.
2. दो आउटपटु यं के नाम िलख।
Write the name of two output devices.
3. आधिु नक कं यटू र के जनक कौन है?
Who is the father of modern Computer?

4. रैम और रोम का अ य नाम बताइए।
Give another name of RAM and ROM.

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5. िक ह दो एि लके शनसॉ टवेयर के नाम िलिखए।
Name any two application softwares.
6. Ms Excel िकस सा टवेयर पर आधा रत ह ?
On which software is MS Excel based ?
7. डाटा के सं ह को या कहते ह।
What is the collection of data called ?
8. ेडशीट को िकस अ य नाम से जाना जाता है।
Spreadsheet is known by another name.
9. डेटाबेस क सरं चना िकतने तर म होती है।
How many levels are there in the structure of the database?

(Theory question)

1. क यटू रीकृ त लेखा का णाली क चार िवशेषताऒ का वणन क िजए।
Describe any four features of Computerized Accounting System.
2. कं यटू रीकृ त लेखांकन क हािनय का वणन क िजए।
Describe the disadvantages of Computerized Accounting.
3. मैनअ
ु ल एवं कं यटू रीकृ त लेखाक
ं न ि याओ ं म अतं र िलिखए।
Differentiate between Manual and Computerized Accounting procedures.
4. िन न का वणन क िजए
a) सॉ टवेयर b) हाडवेयर
Describe the following
a) Software b) Hardware
5. लेखांकन सचू ना णाली के अवयवो का वणन क िजए।
Describe the components of an Accounting Information System.
6. डाटाबेस बंधन णाली क हािनय का वणन क िजए।
Describe the disadvantages of Database Management System.
7. डाटाबेस का अथ बताते हए उसके कार का वणन क िजए।
Explain the meaning of Database and describe its types.

8. डाटाबेस बधं न णाली के लाभो का वणन क िजए।
Describe the advantages of Database Management System.

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9. एक लेखा सॉ टवेयरसोिसग लेने से पहले िकन बात को यान देना आव यक होता है?
What are the things to consider before sourcing an Accounting Software?
10. कं यटू र और कै कुलेटर म अतं र िलिखए।
Differentiate between Computer and Calculator.
11. इले ॉिनक िव तार प क चार िवशेषताएं िलिखए।
Write any four features of Electronic Extension letter.
12. लेखांकन सचू ना णाली क चार िवशेषताएं िलिखए।
Write any four features of Accounting Information System.
13. डाटाबेस बंधन णाली के काय िलिखए।
Write the function of Database Management System.
14. इले ॉिनक िव तार प क कोई चार उपयोिगता िलिखए।
Write any four utility of Electronic Extension letter.
(Theory question\)

1. डाटाबेस बंधन णालीसे आप या समझते है, उसके मखु उपकरण का वणन क िजए।
What do you understand by Database Management System? Describe its major tools.
2. कं यटू रीकृ त लेखांकन णाली के लाभो का वणन क िजए।
Describe the advantages of Computerized Accounting System.
3. काय णाली के अनसु ार कं यटू र िकतने कार के होते ह? वणन क िजए।
How many types of computers are there according to their functionality? Describe.
4. हाडवेयर िकसे कहते ह? हाडवेयर और सॉ टवेयर म अतं र िलिखए। डाटाबेस का अथ बताते हए इसके मख
ु उपकरण
का वणन क िजए। लेखांकन सचू ना णाली के उ े य का वणन क िजए।
What is hardware? Write the difference between Hardware and Software. Explaining
the meaning of Database, describe its main tools. Describe the objectives of
Accounting Information System.
5. डाटाबेस बंधन णाली को िविभ न अनु योग को समझाइए।
Explain the various applications of Database Management System.
6. पेरोल के मख
ु घटक को समझाइए।
Explain the major components of Pay Roll.

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