Karnataka 2nd PUC Question Paper 2025 Accountancy
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Page 1
Government of Karnataka
Karnataka Secondary Education Examination Board
Question Papers
Karnataka Secondary Education Examination Board
Question Papers
Page 2
30
Registration No:
E 1 – 2025
30
Subject Code
/ ACCOUNTANCY
(Kannada and English Versions)
: 3 00 ( : 32) : 80
30 Time : 3 Hours 00 Minutes] [Total No. of Questions : 32] [Max. Marks : 80
(Kannada Version)
:
1. , , . -‘’ I, II, III IV
.
2. .
3. 15 .
4. .
5. -‘’
.
-
I. : (5 × 1 = 5)
1) .
a) b)
c) d) .
, 2:2:1 .
2)
3:2 .
a) 3 : 2 b) 2 : 1
c) 1 : 2 d) 1 : 1
30 ACCOUNTANCY
P.T.O. 1
D6-S19
30 Accountancy 01-2025.indd 1 07-02-2025 08:40:17
Registration No:
E 1 – 2025
30
Subject Code
/ ACCOUNTANCY
(Kannada and English Versions)
: 3 00 ( : 32) : 80
30 Time : 3 Hours 00 Minutes] [Total No. of Questions : 32] [Max. Marks : 80
(Kannada Version)
:
1. , , . -‘’ I, II, III IV
.
2. .
3. 15 .
4. .
5. -‘’
.
-
I. : (5 × 1 = 5)
1) .
a) b)
c) d) .
, 2:2:1 .
2)
3:2 .
a) 3 : 2 b) 2 : 1
c) 1 : 2 d) 1 : 1
30 ACCOUNTANCY
P.T.O. 1
D6-S19
30 Accountancy 01-2025.indd 1 07-02-2025 08:40:17
Page 3
30
2,000, 8% . 100 , 10%
3)
. 8% ?
a) b)
c) TDS d)
?
4)
a)
b)
c)
d)
` 4,00,000 ` 5,00,000 .
5)
?
a) 20% b) 25%
c) 33% d) 50%
II. , :
(5 × 1 = 5)
(, , , , , )
______ .
6)
_____.
7)
8) ______ .
9) , _____ .
______ .
10)
III. : (5 × 1 = 5)
11) A B
(a) (i) -3
(b) (ii)
(c) (iii) -1
(d) (iv)
(e) (v)
(vi)
2
30 Accountancy 01-2025.indd 2 07-02-2025 08:40:17
2,000, 8% . 100 , 10%
3)
. 8% ?
a) b)
c) TDS d)
?
4)
a)
b)
c)
d)
` 4,00,000 ` 5,00,000 .
5)
?
a) 20% b) 25%
c) 33% d) 50%
II. , :
(5 × 1 = 5)
(, , , , , )
______ .
6)
_____.
7)
8) ______ .
9) , _____ .
______ .
10)
III. : (5 × 1 = 5)
11) A B
(a) (i) -3
(b) (ii)
(c) (iii) -1
(d) (iv)
(e) (v)
(vi)
2
30 Accountancy 01-2025.indd 2 07-02-2025 08:40:17
Page 4
30
IV. : (5 × 1 = 5)
.
12)
13)
(/ )
14) .
15) .
16) RONW .
-
V. . : (3 × 2 = 6)
17)
.
18)
.
19) .
20) .
21)
.
-
VI. . : (3 × 6 = 18)
22) . 3 : 2
.
, 1/6 ` 25,000
. ` 90,000 .
. .
23) , 5:3
. .
3:2:1.
.
P.T.O. 3
30 Accountancy 01-2025.indd 3 07-02-2025 08:40:17
IV. : (5 × 1 = 5)
.
12)
13)
(/ )
14) .
15) .
16) RONW .
-
V. . : (3 × 2 = 6)
17)
.
18)
.
19) .
20) .
21)
.
-
VI. . : (3 × 6 = 18)
22) . 3 : 2
.
, 1/6 ` 25,000
. ` 90,000 .
. .
23) , 5:3
. .
3:2:1.
.
P.T.O. 3
30 Accountancy 01-2025.indd 3 07-02-2025 08:40:17
Page 5
30
24) A, B C , 5:3:2
. 31.03.2024 .
31.03.2024
` `
14,000 43,000
6,000 10,000
6,000
A – 30,000 25,000
B– 30,000 8,000
C – 20,000 80,000 8,000
1,00,000 1,00,000
01/10/2024 'C' . ,
.
a. 10% .
b.
4 3
. 4 .
2020 -21 ` 13,000
2021 - 22 ` 12,000
2022-23 ` 16,000
2023 -24 ` 15,000 (AS – 26 )
c.
'C'
.
C' .
25) III 2013 , 31-03-2024
.
`
3,85,000
97,000
/ 75,000
1,03,000
30,000
20,000
50,000
33,000
1,08,000
5,700
4
30 Accountancy 01-2025.indd 4 07-02-2025 08:40:17
24) A, B C , 5:3:2
. 31.03.2024 .
31.03.2024
` `
14,000 43,000
6,000 10,000
6,000
A – 30,000 25,000
B– 30,000 8,000
C – 20,000 80,000 8,000
1,00,000 1,00,000
01/10/2024 'C' . ,
.
a. 10% .
b.
4 3
. 4 .
2020 -21 ` 13,000
2021 - 22 ` 12,000
2022-23 ` 16,000
2023 -24 ` 15,000 (AS – 26 )
c.
'C'
.
C' .
25) III 2013 , 31-03-2024
.
`
3,85,000
97,000
/ 75,000
1,03,000
30,000
20,000
50,000
33,000
1,08,000
5,700
4
30 Accountancy 01-2025.indd 4 07-02-2025 08:40:17
Page 6
30
26) , .
` `
2,00,000 –
1,50,000 60,000
– 50,000
1,00,000 –
:
` 35,000
-
VII. . 12 . (3 × 12 = 36)
27) , ,
2:2:1. 31-03-2024 .
31.03.2024
` `
35,500 20,000
22,500 40,000
- PDD 2,000 38,000
15,000
– 50,000 25,000
– 30,000 10,000
– 20,000 1,00,000 50,000
1,58,000 1,58,000
01/04/2024
.
.
.20 .
a)
b) .10 .
. 10%
c)
.
P.T.O. 5
30 Accountancy 01-2025.indd 5 07-02-2025 08:40:17
26) , .
` `
2,00,000 –
1,50,000 60,000
– 50,000
1,00,000 –
:
` 35,000
-
VII. . 12 . (3 × 12 = 36)
27) , ,
2:2:1. 31-03-2024 .
31.03.2024
` `
35,500 20,000
22,500 40,000
- PDD 2,000 38,000
15,000
– 50,000 25,000
– 30,000 10,000
– 20,000 1,00,000 50,000
1,58,000 1,58,000
01/04/2024
.
.
.20 .
a)
b) .10 .
. 10%
c)
.
P.T.O. 5
30 Accountancy 01-2025.indd 5 07-02-2025 08:40:17
Page 7
30
d) ` 60,000 .
e) ` 15,000 . (AS-26 ) .
i)
ii)
iii) 01/04/2024 .
28)
. 31/03/2024 .
31-03-2024
` `
50,000 18,000
30,000 20,000
10,000 30,000
40,000
– 75,000 50,000
– 60,000 27,000
1,35,000 40,000
2,25,000 2,25,000
.
:
.
a)
– ` 30,400, – ` 19,000, – ` 35,000,
– ` 42,600 ( )
` 60,000
b)
` 26,600 .
c) .
d) ` 5,000.
6
30 Accountancy 01-2025.indd 6 07-02-2025 08:40:17
d) ` 60,000 .
e) ` 15,000 . (AS-26 ) .
i)
ii)
iii) 01/04/2024 .
28)
. 31/03/2024 .
31-03-2024
` `
50,000 18,000
30,000 20,000
10,000 30,000
40,000
– 75,000 50,000
– 60,000 27,000
1,35,000 40,000
2,25,000 2,25,000
.
:
.
a)
– ` 30,400, – ` 19,000, – ` 35,000,
– ` 42,600 ( )
` 60,000
b)
` 26,600 .
c) .
d) ` 5,000.
6
30 Accountancy 01-2025.indd 6 07-02-2025 08:40:17
Page 8
30
:
i)
ii)
iii)
29) `100 , 60,000
` 10 . .
- ` 20 .
- ` 50 ( ).
- ` 40 .
, 5,000 ,
. 5,000
, 4,000 ` 80
.
.
30)
.
i) 'M' , ` 100 . 8 10,000,
5
.
ii) 'N' , ` 100 . 12 4,000
. 10 4 .
'O' .10 ` 8,00,000
iii)
. 5 4
.
iv) 'P' 3,00,000 .10 . 5 .
5 .5 .
v) 'Q' ` 100 .8 2,000
.5 4
.
P.T.O. 7
30 Accountancy 01-2025.indd 7 07-02-2025 08:40:17
:
i)
ii)
iii)
29) `100 , 60,000
` 10 . .
- ` 20 .
- ` 50 ( ).
- ` 40 .
, 5,000 ,
. 5,000
, 4,000 ` 80
.
.
30)
.
i) 'M' , ` 100 . 8 10,000,
5
.
ii) 'N' , ` 100 . 12 4,000
. 10 4 .
'O' .10 ` 8,00,000
iii)
. 5 4
.
iv) 'P' 3,00,000 .10 . 5 .
5 .5 .
v) 'Q' ` 100 .8 2,000
.5 4
.
P.T.O. 7
30 Accountancy 01-2025.indd 7 07-02-2025 08:40:17
Page 9
30
31)
.
31-03-2023 31-03-2024
` `
8,50,000 10,00,000
1,00,000 50,000
4,50,000 5,75,000
1,50,000 2,25,000
7,50,000 9,00,000
4,00,000 4,50,000
1,00,000 2,00,000
3,00,000 3,00,000
32) , :
a) .
b) - .
c) .
d) .
e)
f) .
`
20,00,000
` 10/- 5,00,000
4,00,000
16,00,000
13% 1,00,000
1,00,000
10% ` 10/- 2,00,000
2,50,000
3,00,000
5,00,000
1,00,000
8
30 Accountancy 01-2025.indd 8 07-02-2025 08:40:17
31)
.
31-03-2023 31-03-2024
` `
8,50,000 10,00,000
1,00,000 50,000
4,50,000 5,75,000
1,50,000 2,25,000
7,50,000 9,00,000
4,00,000 4,50,000
1,00,000 2,00,000
3,00,000 3,00,000
32) , :
a) .
b) - .
c) .
d) .
e)
f) .
`
20,00,000
` 10/- 5,00,000
4,00,000
16,00,000
13% 1,00,000
1,00,000
10% ` 10/- 2,00,000
2,50,000
3,00,000
5,00,000
1,00,000
8
30 Accountancy 01-2025.indd 8 07-02-2025 08:40:17
Page 10
30
(English Version)
Instructions :
1. The question paper contains four parts A, B, C and D. Part – A contains of four
sections I, II, III and IV.
2. Provide working notes wherever necessary.
3. 15 minutes extra has been allotted for candidates to read the questions.
4. Figures in the right hand margin indicate full marks.
5. For PART – A questions, only the first written answers will be considered for evaluation.
PART – A
I. Choose the correct answer from the choices given: (5 × 1 = 5)
1) In the absence of partnership deed, profits or losses must be shared in
a) Capital proportion b) Equal proportion
c) Agreed proportion d) Any other proportion
2) The old profit sharing ratio among Ramesh, Sathish and Ravish were 2:2:1. The new
profit sharing ratio after Sathish's retirement is 3:2. The gain ratio of continuing
partners is
a) 3 : 2 b) 2 : 1
c) 1 : 2 d) 1 : 1
3) A company issued 2,000, 8% debentures of `100 each at par value redeemable at
10% premium. 8% stands for :
a) Rate of dividend b) Rate of tax
c) Rate of TDS d) Rate of interest
4) Which of the following is not required to be prepared under the Companies Act?
a) Fund flow statement
b) Balance sheet
c) Report of directors and auditors
d) Statement of profit and loss
P.T.O. 9
30 Accountancy 01-2025.indd 9 07-02-2025 08:40:17
(English Version)
Instructions :
1. The question paper contains four parts A, B, C and D. Part – A contains of four
sections I, II, III and IV.
2. Provide working notes wherever necessary.
3. 15 minutes extra has been allotted for candidates to read the questions.
4. Figures in the right hand margin indicate full marks.
5. For PART – A questions, only the first written answers will be considered for evaluation.
PART – A
I. Choose the correct answer from the choices given: (5 × 1 = 5)
1) In the absence of partnership deed, profits or losses must be shared in
a) Capital proportion b) Equal proportion
c) Agreed proportion d) Any other proportion
2) The old profit sharing ratio among Ramesh, Sathish and Ravish were 2:2:1. The new
profit sharing ratio after Sathish's retirement is 3:2. The gain ratio of continuing
partners is
a) 3 : 2 b) 2 : 1
c) 1 : 2 d) 1 : 1
3) A company issued 2,000, 8% debentures of `100 each at par value redeemable at
10% premium. 8% stands for :
a) Rate of dividend b) Rate of tax
c) Rate of TDS d) Rate of interest
4) Which of the following is not required to be prepared under the Companies Act?
a) Fund flow statement
b) Balance sheet
c) Report of directors and auditors
d) Statement of profit and loss
P.T.O. 9
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Page 11
30
5) Tangible assets of a company increased from ` 4,00,000 to ` 5,00,000. What is the
percentage of change?
a) 20% b) 25%
c) 33% d) 50%
II. Fill in the blanks by choosing the appropriate answers from those given in the bracket:
(5 × 1 = 5)
(balancing, intangible, transferred, capital reserve, not transferred, complimentary)
6) Goodwill is an ______ asset.
7) Partner's loan is _____ to the realisation account.
8) Profit on forfeiture of shares is transferred to ______ account.
9) Analysis and interpretation are _____ to each other.
10) Cash flow statement also helps in ______ of cash flows.
III. Match the following: (5 × 1 = 5)
11) A B
(a) Right of a new partner (i) As per AS-3
(b) Common seal (ii) Short term in nature
(c) Redemption of debenture (iii) As per AS-1
(d) Liquidity ratio (iv) Share in future profit
(e) Cash flow statement prepared (v) Discharge of liability
(vi) Official signature of the company
IV. Answer the following questions in one word or one sentence each: (5 × 1 = 5)
12) State any one content of the partnership deed.
13) Deceased partner may be paid in one lumpsum or instalments with interest.
(State true/false)
14) Mention any one way of dissolution of partnership firm.
15) Give an example for non-current liabilities.
16) Expand RONW.
10
30 Accountancy 01-2025.indd 10 07-02-2025 08:40:17
5) Tangible assets of a company increased from ` 4,00,000 to ` 5,00,000. What is the
percentage of change?
a) 20% b) 25%
c) 33% d) 50%
II. Fill in the blanks by choosing the appropriate answers from those given in the bracket:
(5 × 1 = 5)
(balancing, intangible, transferred, capital reserve, not transferred, complimentary)
6) Goodwill is an ______ asset.
7) Partner's loan is _____ to the realisation account.
8) Profit on forfeiture of shares is transferred to ______ account.
9) Analysis and interpretation are _____ to each other.
10) Cash flow statement also helps in ______ of cash flows.
III. Match the following: (5 × 1 = 5)
11) A B
(a) Right of a new partner (i) As per AS-3
(b) Common seal (ii) Short term in nature
(c) Redemption of debenture (iii) As per AS-1
(d) Liquidity ratio (iv) Share in future profit
(e) Cash flow statement prepared (v) Discharge of liability
(vi) Official signature of the company
IV. Answer the following questions in one word or one sentence each: (5 × 1 = 5)
12) State any one content of the partnership deed.
13) Deceased partner may be paid in one lumpsum or instalments with interest.
(State true/false)
14) Mention any one way of dissolution of partnership firm.
15) Give an example for non-current liabilities.
16) Expand RONW.
10
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Page 12
30
PART – B
V. Answer any three of the following. Each question carries two marks: (3 × 2 = 6)
17) State any two differences between fixed capital method and fluctuating capital
method.
18) Give the journal entry when retiring partner is paid cash in full.
19) Name any two categories of share capital.
20) Write any two objectives of financial statements.
21) State any two examples of cash flow from operating activities.
PART – C
VI. Answer any three questions, each question carries six marks. (3 × 6 = 18)
22) Varun and Tarun were partners in a firm sharing profits and losses in the ratio of
3:2. They admit Kiran for 1/6th share in profits and guaranteed that his share of
profit will not be less than ` 25,000. The total profits of the firm was ` 90,000.
Calculate the share of profits for each partner when guarantee is given by Varun
and Tarun equally. Prepare Profit and Loss Appropriation Account.
23) Rajesh and Rakesh are partners sharing profits and losses in ratio of 5:3. They
admit Ramesh as a new partner. The new profit sharing ratio is 3:2:1 respectively.
Find out the sacrifice ratio of old partners.
24) A, B and C are partners sharing profits and losses in the ratio of 5:3:2. Their balance
sheet as on 31/03/2024 was as follows:
Balance Sheet as on 31-03-2024
Liabilities ` Assets `
Creditors 14,000 Buildings 43,000
General Reserve 6,000 Furniture 10,000
Capitals Motor Van 6,000
A – 30,000 Machinery 25,000
B– 30,000 Debtors 8,000
C – 20,000 80,000 Cash at Bank 8,000
1,00,000 1,00,000
P.T.O. 11
30 Accountancy 01-2025.indd 11 07-02-2025 08:40:17
PART – B
V. Answer any three of the following. Each question carries two marks: (3 × 2 = 6)
17) State any two differences between fixed capital method and fluctuating capital
method.
18) Give the journal entry when retiring partner is paid cash in full.
19) Name any two categories of share capital.
20) Write any two objectives of financial statements.
21) State any two examples of cash flow from operating activities.
PART – C
VI. Answer any three questions, each question carries six marks. (3 × 6 = 18)
22) Varun and Tarun were partners in a firm sharing profits and losses in the ratio of
3:2. They admit Kiran for 1/6th share in profits and guaranteed that his share of
profit will not be less than ` 25,000. The total profits of the firm was ` 90,000.
Calculate the share of profits for each partner when guarantee is given by Varun
and Tarun equally. Prepare Profit and Loss Appropriation Account.
23) Rajesh and Rakesh are partners sharing profits and losses in ratio of 5:3. They
admit Ramesh as a new partner. The new profit sharing ratio is 3:2:1 respectively.
Find out the sacrifice ratio of old partners.
24) A, B and C are partners sharing profits and losses in the ratio of 5:3:2. Their balance
sheet as on 31/03/2024 was as follows:
Balance Sheet as on 31-03-2024
Liabilities ` Assets `
Creditors 14,000 Buildings 43,000
General Reserve 6,000 Furniture 10,000
Capitals Motor Van 6,000
A – 30,000 Machinery 25,000
B– 30,000 Debtors 8,000
C – 20,000 80,000 Cash at Bank 8,000
1,00,000 1,00,000
P.T.O. 11
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Page 13
30
'C' died on 01/10/2024 and partnership deed has provided the following:
a. Interest on capital at 10% p.a.
b. Goodwill of the firm be valued at 3 times the average profit of last four years.
Last four years profits are as follows:
2020-21
` 13,000
2021-22
` 12,000
2022-23
` 16,000
2023-24
` 15,000 (As per AS–26).
c. C's share of profit till the date of death should be calculated on the basis of last
year profit.
Prepare C's executor's account.
25) From the following information, prepare a statement of profit and loss for the year
ended 31-03-2024 as per Schedule III of the Companies Act, 2013.
Particulars `
Revenue from operations 3,85,000
Purchase of goods 97,000
Other income 75,000
Employee benefits expense 1,03,000
Interest on loan 30,000
Interest on debenture 20,000
Depreciation 50,000
Amortisation of intangible assets 33,000
Other expenses 1,08,000
Tax 5,700
26) From the following particulars, calculate cash from interesting activities:
Purchased Sold
Particulars
` `
Machinery 2,00,000 –
Investments 1,50,000 60,000
Patents – 50,000
Land 1,00,000 –
Additional information:
Dividend received on shares held as investments ` 35,000
12
30 Accountancy 01-2025.indd 12 07-02-2025 08:40:17
'C' died on 01/10/2024 and partnership deed has provided the following:
a. Interest on capital at 10% p.a.
b. Goodwill of the firm be valued at 3 times the average profit of last four years.
Last four years profits are as follows:
2020-21
` 13,000
2021-22
` 12,000
2022-23
` 16,000
2023-24
` 15,000 (As per AS–26).
c. C's share of profit till the date of death should be calculated on the basis of last
year profit.
Prepare C's executor's account.
25) From the following information, prepare a statement of profit and loss for the year
ended 31-03-2024 as per Schedule III of the Companies Act, 2013.
Particulars `
Revenue from operations 3,85,000
Purchase of goods 97,000
Other income 75,000
Employee benefits expense 1,03,000
Interest on loan 30,000
Interest on debenture 20,000
Depreciation 50,000
Amortisation of intangible assets 33,000
Other expenses 1,08,000
Tax 5,700
26) From the following particulars, calculate cash from interesting activities:
Purchased Sold
Particulars
` `
Machinery 2,00,000 –
Investments 1,50,000 60,000
Patents – 50,000
Land 1,00,000 –
Additional information:
Dividend received on shares held as investments ` 35,000
12
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Page 14
30
PART – D
VII. Answer any three questions, each question carries twelve marks: (3 × 12 = 36)
27) Manju, Mohan and Madhan are partners sharing profits and losses in the ratio of
2:2:1 respectively. Their balance sheet as on 31/03/2024 was as follows:
Balance Sheet as on 31-03-2024
LIABILITIES ` ASSETS `
Creditors 35,500 Cash at Bank 20,000
General Reserve 22,500 Debtors 40,000
Less: PDD 2,000 38,000
Capitals Stock 15,000
Manju – 50,000 Machinery 25,000
Mohan – 30,000 Furniture 10,000
Madhan – 20,000 1,00,000 Buildings 50,000
TOTAL 1,58,000 TOTAL 1,58,000
Madhan retired on 01/04/2024 from the firm. After retirement of Madhan, the
following adjustments are to be made.
a) Stock to be increased by 20%
b) Maintain PDD at 10% on debtors.
c) Depreciate machinery and furniture by 10% each
d) Buildings are revalued at ` 60,000.
e) Goodwill of the firm valued at ` 15,000 (As per AS-26).
Prepare:
i) Revaluation Account
ii) All Partners' capital Accounts and
iii) Balance sheet as on 01/04/2024
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PART – D
VII. Answer any three questions, each question carries twelve marks: (3 × 12 = 36)
27) Manju, Mohan and Madhan are partners sharing profits and losses in the ratio of
2:2:1 respectively. Their balance sheet as on 31/03/2024 was as follows:
Balance Sheet as on 31-03-2024
LIABILITIES ` ASSETS `
Creditors 35,500 Cash at Bank 20,000
General Reserve 22,500 Debtors 40,000
Less: PDD 2,000 38,000
Capitals Stock 15,000
Manju – 50,000 Machinery 25,000
Mohan – 30,000 Furniture 10,000
Madhan – 20,000 1,00,000 Buildings 50,000
TOTAL 1,58,000 TOTAL 1,58,000
Madhan retired on 01/04/2024 from the firm. After retirement of Madhan, the
following adjustments are to be made.
a) Stock to be increased by 20%
b) Maintain PDD at 10% on debtors.
c) Depreciate machinery and furniture by 10% each
d) Buildings are revalued at ` 60,000.
e) Goodwill of the firm valued at ` 15,000 (As per AS-26).
Prepare:
i) Revaluation Account
ii) All Partners' capital Accounts and
iii) Balance sheet as on 01/04/2024
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Page 15
30
28) Sridevi and Sripriya are partners sharing profits and losses equally. Their balance
sheet as on 31/03/2024 was as follows.
Balance Sheet as on 31-03-2024
LIABILITIES ` ASSETS `
Creditors 50,000 Cash at bank 18,000
Bills payable 30,000 Bills Receivables 20,000
Reserve fund 10,000 Stock 30,000
Capitals: Debtors 40,000
Sridevi – 75,000 Building 50,000
Sripriya – 60,000 Motor car 27,000
1,35,000 Furniture 40,000
2,25,000 2,25,000
On the above date, they decided to dissolve the firm.
Additional information:
a) Assets realised as follows :
Stock – ` 30,400, Bills Receivables – ` 19,000, Furniture – ` 35,000,
Debtors – ` 42,600 (with interest)
b) Sridevi took over Buildings at ` 60,000 and Sripriya agreed to take over motor
car at ` 26,600.
c) All liabilities were paid in full by the firm.
d) Realisation expenses were ` 5,000.
Prepare:
i) Realisation Account
ii) Partner's Capital Accounts and
iii) Bank Account
14
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28) Sridevi and Sripriya are partners sharing profits and losses equally. Their balance
sheet as on 31/03/2024 was as follows.
Balance Sheet as on 31-03-2024
LIABILITIES ` ASSETS `
Creditors 50,000 Cash at bank 18,000
Bills payable 30,000 Bills Receivables 20,000
Reserve fund 10,000 Stock 30,000
Capitals: Debtors 40,000
Sridevi – 75,000 Building 50,000
Sripriya – 60,000 Motor car 27,000
1,35,000 Furniture 40,000
2,25,000 2,25,000
On the above date, they decided to dissolve the firm.
Additional information:
a) Assets realised as follows :
Stock – ` 30,400, Bills Receivables – ` 19,000, Furniture – ` 35,000,
Debtors – ` 42,600 (with interest)
b) Sridevi took over Buildings at ` 60,000 and Sripriya agreed to take over motor
car at ` 26,600.
c) All liabilities were paid in full by the firm.
d) Realisation expenses were ` 5,000.
Prepare:
i) Realisation Account
ii) Partner's Capital Accounts and
iii) Bank Account
14
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Page 16
30
29) Hema Company Ltd issued 60,000 equity shares of `100 each at a premium of ` 10
per share. The amount payable are as follows:
On application ` 20 .
On allotment ` 50 (including premium).
On first and final call ` 40 .
All the shares were subscribed and the money duly received except the first and
final call on 5,000 shares. These shares were forfeited and out of these only 4,000
shares are reissued at ` 80 each as fully paidup.
Pass the necessary journal entries in the books of the company.
30) Pass necessary journal entries at the time of redemption of debentures in each of
the following cases.
i) 'M' Company Ltd. issued 10,000, 8% debentures of ` 100 each at par and
redeemable at par at the end of 5 years out of capital
ii) 'N' Company Ltd. issued 4,000, 12% debentures of ` 100 each at par. These
debentures are redeemable at 10% premium at the end of 4 years.
iii) 'O' Company Ltd. issued 10% debentures of the total face value of ` 8,00,000
at a premium of 5% to be redeemed at par at the end of 4 years.
iv) 'P' Company Ltd. issued 3,00,000, 10% debentures at a discount of 5% but
redeemable at a premium of 5% at the end of 5 years.
v) 'Q' Company Ltd. issued 2,000, 8% debentures of ` 100 each at a premium of
5% to be redeemed at par at the end of 4 years
P.T.O. 15
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29) Hema Company Ltd issued 60,000 equity shares of `100 each at a premium of ` 10
per share. The amount payable are as follows:
On application ` 20 .
On allotment ` 50 (including premium).
On first and final call ` 40 .
All the shares were subscribed and the money duly received except the first and
final call on 5,000 shares. These shares were forfeited and out of these only 4,000
shares are reissued at ` 80 each as fully paidup.
Pass the necessary journal entries in the books of the company.
30) Pass necessary journal entries at the time of redemption of debentures in each of
the following cases.
i) 'M' Company Ltd. issued 10,000, 8% debentures of ` 100 each at par and
redeemable at par at the end of 5 years out of capital
ii) 'N' Company Ltd. issued 4,000, 12% debentures of ` 100 each at par. These
debentures are redeemable at 10% premium at the end of 4 years.
iii) 'O' Company Ltd. issued 10% debentures of the total face value of ` 8,00,000
at a premium of 5% to be redeemed at par at the end of 4 years.
iv) 'P' Company Ltd. issued 3,00,000, 10% debentures at a discount of 5% but
redeemable at a premium of 5% at the end of 5 years.
v) 'Q' Company Ltd. issued 2,000, 8% debentures of ` 100 each at a premium of
5% to be redeemed at par at the end of 4 years
P.T.O. 15
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Page 17
30
31) From the following information, prepare common size balance sheet of Vageesh
Co. Ltd.
Particular 31/03/2023 31/03/2024
` `
Equity share capital 8,50,000 10,00,000
Reserves and surplus 1,00,000 50,000
Long-term borrowings 4,50,000 5,75,000
Short-term borrowings 1,50,000 2,25,000
Tangible assets 7,50,000 9,00,000
Intangible assets 4,00,000 4,50,000
Inventories 1,00,000 2,00,000
Other current assets 3,00,000 3,00,000
32) From the following information, you are required to calculate:
a) Current Ratio.
b) Total Assets to debt Ratio.
c) Fixed Assets Turnover Ratio.
d) Working capital Turnover Ratio.
e) Operating Profit Ratio and
f) Book value per share.
Particulars `
Revenue from operations 20,00,000
Paidup equity shares of ` 10/- each 5,00,000
Current Assets 4,00,000
Operating Profit 16,00,000
13% Debentures 1,00,000
General Reserve 1,00,000
10% preference shares of ` 10/- each 2,00,000
Current liabilities 2,50,000
Plant and Machinery 3,00,000
Furniture 5,00,000
Net profit after tax 1,00,000
_____________
16
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31) From the following information, prepare common size balance sheet of Vageesh
Co. Ltd.
Particular 31/03/2023 31/03/2024
` `
Equity share capital 8,50,000 10,00,000
Reserves and surplus 1,00,000 50,000
Long-term borrowings 4,50,000 5,75,000
Short-term borrowings 1,50,000 2,25,000
Tangible assets 7,50,000 9,00,000
Intangible assets 4,00,000 4,50,000
Inventories 1,00,000 2,00,000
Other current assets 3,00,000 3,00,000
32) From the following information, you are required to calculate:
a) Current Ratio.
b) Total Assets to debt Ratio.
c) Fixed Assets Turnover Ratio.
d) Working capital Turnover Ratio.
e) Operating Profit Ratio and
f) Book value per share.
Particulars `
Revenue from operations 20,00,000
Paidup equity shares of ` 10/- each 5,00,000
Current Assets 4,00,000
Operating Profit 16,00,000
13% Debentures 1,00,000
General Reserve 1,00,000
10% preference shares of ` 10/- each 2,00,000
Current liabilities 2,50,000
Plant and Machinery 3,00,000
Furniture 5,00,000
Net profit after tax 1,00,000
_____________
16
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Page 18
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Document Details
| Board / Org | Karnataka Board |
| Exam | Class 12 |
| Type | Question Paper |
| Pages | 9 |
| Updated | 30 Apr 2026 |