Karnataka 2PUC Preparatory Exam Question Paper 2025 Accountancy

IV. 5Instructions:
4. General
3 2I. Time:
Iil. I. I.
xpandROI13.Deceased 12.
. 15. Give14.an Answer 11.
Match 10. 9. 8. 7 (Direct, 6. 5. 3. 2. Choose Figures Provide
For DIISTRICT 15 he
Fil 4. 1. Minutes
True/False).
Give (State State Debenture
Analysis
Vertical
(e) holders Cash losses.
profits
and Realisation
Account (Partnership Part question 3
Capitalisation
(d) (c) Method (b) (a) Premium Call Partnership in (c) (a) The (a) The (c) (a)When Account Loan(c)Companies
a) OnAct(c) (Acta) The Hours
lssueDissolution e -A working in
the the the money Current
thInventory two
prescribed VI FailureNon- Dissolution the of
any flow part
example following: A Account Indirect, blanks shares Partnership the questions, rightExtra paper
meaning following
one of on basic notes
partner statement I payment to correct hand Time
shares received
issue is ratio contains
Right of th e byturnover can only wherever LEVEL
is
Agreement, measures form repay of margin have
partnership and Deed the
offor may of debited result choosing be the answer four
rpretation Non questions
acquired th e of firstnecessary.been
prepared
debenture in liquid ratío (b) offorfeited? indicate parts
be call firm, should
- advance of Balance loan written allotted
current paid for of VI money
from A, II
and
ratioliquidity part Partners' full
to B,
by firm transfer Calls the be answers marks. for C PUC
in in by is current th e the and
Page 1 newly is SheetII the
in one ONE
Asset. a
called
appropriate bank properly Accountancy D.
Sub:(30)
between in are: choices candidates
wi l
finantial of capital PREPARATORY
lump Word
admitted advance, ratio fo r be Part-A
Cash(ii)
(v) (iv)Cash(iii)inflow
(Vi) outflowz () share
companies drafted PART considered
-A
sum Common accounts to
orValuation
Closing No tw o given: read
consists
analysis. B
method of answers
or ONE voting
partner. Accrued Capital or
fe) (b) (c) AeTo (b) Drawings Account
(d) (b) Stamp
(d) Act(b)
and for the of
installments down more Current Gross VI Failure Cash Consumer four
size is are questions.
evaluation.
sentence rights of part haspledge prepared
used from sections
goodwill
of statement profit personsprofit, profit been
IV to closed
/
ratio Bank
business by those attendof ,
with each: of Profit ratio Protection as I , EXAM
most a and
givenshares Accountthrough
Il
3 to per
interest. deceased given meeting and
do average and the
s companies & iv.
business loss operating schedule as provisions
Act
in scheduleAdTly l a JAN-2025
partner. suspense) th
collectione security
Marks: Max. 80
in and brackets: of
=5
5x1 ratio
practice. the 5x
1=55x share 5x
=51
period 1
.T.O. =
5
its

L25.From VI. V.
26. 23.
24.Arun, Answer
2. 21. 20. 19. T8.HJNswer M7.
were
Compute Depreciation loss. of Tax Taxes
Rent
encashment 31.03.2024 Prepare (e ) (d) (c) (b) sheetonas
Machinery
Sun Repairs to andLeave Revenue
employeesPurchase
Salaries goods
to offrom (a) Arun Jeelan Arun Creditors
Joushalya Capitals: CalculateAmarAmar,method. qoD e
Calculate A WhatWriteName Partner.Pass
ofWhat
Rs.40,000 Reserve
General
Share His Arun His His and
decreased During Star died
Particulars the share share
LiabilitiesKoushalya any
capital
is retires Akbar Bare
isany any journal isany
the Co. following
Arun'sprofit
on THREE
thcharged as entitled 31-03-2024 was as gain interest
THREE Cash twO Partnership
two
cash e on of01-08-2024. in on 25,000 -25,000
25,000
by Ltd operations per upto General from and partners objectives
year th e Capital goodwill. ratio Flowmethods entry
schedule the and
Rs.20,000.
flow earned for Balance Antony
the questions.
sale on information, th e date of onStatement? to
questions.
inventories commission Jeelan Akbar firm. drawings in Deed?
close
from Account.Goodwill date Reserve. 1,00,000 75,000 19,000|
Fixed
ofthe ofHis Rs. of of
6,000|
Stock Sheet are a issue
d
olfixed Amount(Rs.) l l death. firm. FinancialRevaluation
operating a are andAkbar Each
net of death.of executors
follows: partners Each
Page 2machinery, Companies Cash
hand in
Debtors A of
were Assets 8,00,000 prepare
2,00,000 of of as Antony.
partners at
profit 20,000 20,000
10,00050,000 Rs.4,000 firm Assets and withdrew
question
9% shares. question
30% Hi s on statements.
decreased claim
activities is\ 31.03.2024 Antony in p.a. Account,
during of share a PART C
- PART-B
which statementof valued
Act sharing firm
Rs.6,00,000 per the Rs.4,000
for carries carries
the 2013. is following: 1,00,000 agreedsharing
Revenue
Section Rs.12,000. year. at 14,000 18,000
15,000 53,000 Rs. the when
by bywas year
Rs.18,000 Profit
indirectRs.40,000
transferred
year SIX TWO
profit to quarterly
profit there
was and share
for ending marks:
marks:
is
method.Rs.1,00,000. the and (As Losses and
and in at profit
to year loss per loss
the 31-03-2024 beginning
statement
other
safio
9ain
SnosBal,Pooft.S,8,
9uesa3eP,
s wew M at
AS26) equally. ratio in
ended for forgeeI the
the
current There time
the of
ratio
of Their 5:3 under of
31.03.2024. was year each of
liabilities profit of 3 Retirement
balance in 4 x x2= 63
P.T.O. a ended :Product
quarter. 6=
and loss
future. 3:
18
2.

VII.
ccount.
Bank
(c) Prepare: 28.
Realization
Account
(b) (a) (d) (c) (b) information:
Additional
(a) On 31.03.2024 Answer
THREE
27. any
Prema
Preethi
70,000
CapitalsReserve
Loan Fund
Creditors Preethi Revaluation
account
(i) Prepare:
(ii) (i) (e) (d) (c) (b) (a) On Tom Given
Partners Realization
Liabilities
Furniture MachineryStock
Buildings Debtors The the payable
Bills Temptation
1,80,000
Capitals
Outstanding
expenses payable
Bills businesS
Liabilities Partners'
Balance 10%. (AJerry
APlantStock Half01.04.2024 s they Creditors
Sundry
assets above provision Liabilities
70,000 and (1/2) per wil below
Balance was is is
was Prema sheet found
to AS- as
Capital expenses were were date capital be of bring 1,30,000 on
as for Balance is
paidtaken | appreciated th e 26) March th e
Rs.80,000
Rs.24,000
2,40,000
they1,40,000
Account Rs.52,000,
Rs.39,000, realized 20,000Furniture 20,000
Stock follOWs: are of doubtfulovervalued Rs.1,00,000
20,000| Rs.Sheet
Debtors
40,000 account goodwill admitted Jerryfor Questions.
Balance
in
over decided the
were full partners Sheet 31,
as New 4,00,000
by by debts 2024.
Cash amount 10,000|
as Buildings Machinery
3,30,00058,000Cash Bank at Rs.
Rs.3,000. Shilpa on to by debtors
Sundry
2,000
Page 3 the follows: to as asSheet
Assets sharing Firm.
31.03.2024 Rs.1,20,000
Rs.4,000.
is Temptation Each
firm dissolve his on
at to
at withdrawn Stock Cash
31.03.2024 of
Bank be capital Building Plant questions
Rs. created sharethe in Temptation
profit
12,000 the and in
2,40,000 and and and PART-D
firm. 90,000 20,000
30,000 30,00050,000
20,000 Rs. and hand
by Machinery
at the Rs.60,000
losses 5%
the Tom carries
value future and
old share
on
partners. Tom
equally. debtors. of profits
4,00,000 1,50,000 TWELVE
building as 1,00,000 40,000 40,000
60,000 10,000 Rs. profits
Balance.s
Jqtioeaua his who
Their share under
inaremarks:
is the
Balance to carrying
be
ofthe ratio
Balanes Goodwill.following
appreciated
of2:1.
Sheet on
terms: Partrnership -33x 612
P.T.O.
as
by
on

32. 31. S0.G.M. <0he
Profit
Net purchases
Average.Trade
Receivables Netoperations
Average Revenue (viRatio.
from Operating i)
) (v) (iv) (ii) (ii) (From 10%. discount
interest SAlApplication
Share. 500 allotment Rs.Share.
Rs.4Rs.6on 2onThe
Average
payable
Expenses
Operating tradecreditNet inventory Gross
profit receivable
TradeStock
Buildings
Machinery General
reserve
Secured
liabilities
Current loanParticularsFrom debentures
Net GrossTrade Trade
inventory capital
Share the
credit shares. on Sunrise
the the Company Pass shares
Profit was first
revenue Receivable
Profit following
Payable following of
Particulars amount was
Ratio Turnover paid and 5% the The were and Co.
Ratio redeemablenecessary Ltd., final Ltd
from Turnover information debentures
half Premium)
directors (including
information subscribed call. issued
TurnoverRatio
yearly issued payableas
operations
Ratio 31.03.2023
31.03.2024 forfeited 10,000
interest
on 2,000 at journal
Ratio
calculate: 1,00,000 1,50,000 a
Page 4 65,000
2,00,00050,000 4,00,000prepare
50,000
15,000 Septemberpremium and
follows:
preference
1,00,000 5,00,000 6,00,000 10,00,000 for 10% entriesthese the
1,00,000
2,50,0001,50,0001,00,000 2,00,000 common
Rs. money
the of shares
debentures
2,50,000 30 in
2,00,000
1,10,000
90,000
5,00,000 period 5%. shares
70,000 60,000
20,000 and
the duly
size and
Pass books
position March
ending received of
ofre-issued
journal of Rs.10
Rs.100
31
statement. March Sunrise except
and entries them each
each
tax 31,
Co. asthe at
relating a
deducted 2024 on fully first
Ltd. premium
April
paid and
assuming to
at the 01, atfinal of
source issue Rs.7 Rs.
2023 call 2
that per on per
is of at