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CBSE Class XII 2011 : ACCOUNTANCY

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6 7/1 N o. C ode I S OS S eries I - t [G ~ c ):; a nswer-book. t he - ~"(f5f o f ~ q ;) p age ~ t itle a q"{~~1 :rr<'if. t Candidates ust write the Codeon m he I ~ I I I I I I I I I I I I I " ;:to ~ Roll No. I I ~;:j. . Please check that t4is question paper contains 16 printed pages. . Code number given on the right hand side of the question paper should be written on the title page of the answer-book by the candidate. . . Please check that this question paper contains 23 questions. Please write down attempting . the Serial Number of the question before it. 15 minutes time has been allotted to read this question paper. The question I ~ " CR: l ~ J@-~ I ~ ' ij ~ ~ - qjf ~ I f u:rj ~ ' ~ -~ q:jT ~ m ~ -~ ~ I I ~ t ' q;jT ' (fq:) ~ 1 @ ~ ~ ~ I ~ 1 6 - qjf "3"rR-~~ ~ ~ 1 " 3"rR 0.30 ~ , ~ ~ ~ m 2 ' ~ ~ q:jT ~ 3 ~ ~ ' ij ~ ' ~ f i:RG " CR: ~ 1 1 0.15 5 ~ ij ~ m -~ a m -~ ~ I " 3"rR-~~ ~ ~ ~ ~ ~ m ~ ~ f q; f q; ~ ~ ' - ~ ~ ~ qjf q;jT ~ ~ ~ " qj"{ ~ " qj"{ ' ~ ~ ~ -~ m ~ ij ~ ~ ~ -~ ~ ~ ~ ~ 10.15 . . . . . paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the students will read the question paper only and will not write any answer on the answer script during this period. ACCOUNTANCY 67/1 1 0 8 0 8 : 3 iq; M arks: 3 ~ M aximum h ours F 3 1~11"t';I lU?: 3 : a llowed: " ?:r1Tlr R~ nme (W)~ P.T.D. .. fi - , ' General Instructions: . Candidates (iv) All parts of the questions should be attempted for all candidates. C parts . can attempt only one part of the remaining at one place. for Not-for-Profit (Accounting I 7 T 3 #"( " @' , q ;- I ~ q ;-"(;:rT I f fl ' l1T7T f <7R!lTJ: ~ w q ~ ;}f I - i t t t i f 7 A ~ T ~ ~ f ErJrffi 3 3 3 "fr( #( lRqrl/ i f & i PART J; " ~ r i i ' r i l1T7T J; f fl;:r t rlit i J; m ~ W t q J TR ,J rlit J TR q ;- ' q f Cfi?ft ~'l/T l1T7T ~ : i i ) i ) i ( i v i ( ) ( (i) R W HIIlI-<I C (iii) . Part A is compulsory B (ii) and This question paper contains three parts A, Band (i) Organisations, Partnership Firms 3. q oa~f4(.fI. ' (fm t fiitf ~ ~ W ~ ~~iqoa..) 1 q uarter. I ~ # 3 ~ - qj) ~ 1~\Ifu-q'{~ e on drawings ach o f b eginning t ~ q 3 he interest 1ff;f{ff~~~m a t for charging rffi ~ ~ # ~ ~ ~ 1 ? ~ ~ ~ w ithdrawn a mount in months ~ s period ~~~~# ame qjT ~ ~ ~ ~ t ' -tR~(.Y1-1 ~ ~~ he Give the average for 2. ~ What is the basis for preparing Receipt and Payment Account? "5rTfi<:r 1. ro;ff, (3ffiT~ '1T1T'q)" and Companies) State the meaning of sacrificing ratio. 1 ; 1 f irm? a ? o f ~ g oodwill ~ o f ~ v alue ' 5fq)R t he ~ - qj) a ffect ~ ~ b usiness " &:JTfu o f ~ 1 n t he ature :fitf ~ I - _c )\ i ;1 ~ '-tl~q~ "SIfu'iffi {C\tT W ~~' -qjTr4 ~ " #R a~ 1 2 67/1 '~ ~ d oes Give the meaning of 'Issue of Debentures as a collateral security'. ~ H ow 5. ~q~li.f 4. ~~-qjTar4~1 67/1 ~ t he w ere w ere I ~ ~ ~ 2 5% q ;p:r;ft I M ~ " q:jT the 3 L td. f or c onverting " 51~ ~ a t e ach 1 0 ~ o f D eals F air f rom 6 9,000 4 0,000 2 0~'OOO ~ : m ~ ~ ~ 2 01.0 ~ 3 1 2010 ~ ~ X s hares b y e ach s hares 1 0,00,000 ~ ~ a:n 2010 P ~ ~ e ntries D ebentures 6 % ~~"iI~~1 ? o f b ooks E quity in :IT, ~ ~ j oumal E quity o f ~ 1.4.2009 ~ ~ ' Q"{ t he M ~ ~ tr~nsactions ~ ~ ~ 1 00 1 00 ~ above ~ ~ t he ~ 3 11c:t~~~ ~ " 5rrt{f 2 009 ~ - ~ i n T he o f w m c osting ~ ~ 3 1 2009 ~ ~ e ach. i ssue ~ ~ ~ during I ~ " q:jT w ~ b y p rice ~ ~ Details 2009 and 31st March .T.D. 3 hich ~ the 5 n f or 1 0,00,000 for ecessary t he ~ ~ ~ ~ year % D ebentures 1 00 D ebentures ~ ~ the ~ 5 % ~ ~ m achinery received M ' ~ ~ P ass o f entries Q"{ " q:jT 6 o f ~ t he during ~ ~ ~ RYT. -q: ~P % 2 5%. ~ ~ donations ~ ~ m entioned journal ~ 1 000, - q: ~ on ~ 6 - 2010 q: - 2010 % p aid awarded 2 R YT. ~ - m 1 0 ~ ~ Fund ~ I ~ ~ as 5% o f - q: ~ 1.4.2009 Fund ~ s hares 1 000,6% 2 009 q1f ~~~~~~~~~\Ifu~~~-q:~ year ended on 31st March ~"iI~~1 3 =l1c:t~~~ I p remium necessary a p urchased L td. G oodluck - bove a ~ of ~ P c ompany T he Ltd. q1f 2009 R a t ~ ~ R YT. ~ 2009 1fI:r;{ t ~ " q:jT ~ ~ Goodluck he M ~ "ij 'Q"{ premium 1 E quity ~ R YT. ~ Prizes 00 p remium r edeemed L td. X year M o f a i nto them Prize " ~ redeemable Prize q:jT ~ a t issued Pass ~ R YT. redemption 7. 1"i"1I(.'1I~d ~ I ~ of .IRc:tffid -q: a ~ ~ 8. t he f or c lub t he o f S tatements F inancial t he i n F und P rize & awarded P rize o f a mounts t he s how c lub, a o f i nformation f ollowing t he F rom 6. . 2010 : 3 20,000 the 40,000 69,000 25%. books Ltd. 3 "5Ifqfp:<if ~I 1- 6 67/1 4 to the \ risk p m entioned 2,20,000 2009 - 2010 urchase 1,90,000 2008 - 2009 y a bove t he - 2008 ear's t wo regard ( Net i) ~ Years o t hroughout involved, a s y ears t hree l ast t he d uring p rofits n et I ~ ~ ~ ~ " (.fiT ' ~' ~ ~ " {;Jft ~ ~ ~ ~ ~ , ~ ~ \ 1~oojl~-q1 ~ ~ ~ ~ w r ~ - q ~ ~ I ~ ~ ~ - q"{ ~ < 1:ft ~ ~ ~ w r ~ ~ ~ ~ - q"{ ~ ~ ~ ~ ~, w r " (.fiT 4 ,30,000 ~ - ;r ~ w r-mR ~ 1 :fi"Jf ~ ~ ~ ~ ~ ~ 31.3.2010 ~I 3 1Fi;frf 2 ,00,000 ~ - q ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 1 :fi"Jf - ;r ~ ~ 3 1.10.2009 I w nt " {;Jft C fI1 3 ,00,000 f ~ 5 ,00,000 f ~ ~ I ~ ~ ~ ~ ~ f Cfim ~ R oqfUT " (.fiT 1 :fi"Jf ~ ~ ~ - ;r " & ~ ~ ~ 1.4.2009 t he u pon a gree n ot c ould p artners t he b ut 4 ,30,000, ~ o f profit a s howed 3 1.3.2010 e nded y ear t he f or A ccount L oss a nd P rofit The i nterest. t o a s a greement a ny w ithout f irm t he t o loan o f w ay b y 2 ,00,000 f a dvanced, A 2 009, O ctober 3 1st O n respectively. capitals f b Having asis t f irm t e arned f irm p artnership A deed. They introduced he o 4,00,000. he i n e mployed 2007 n g oodwill f o been f has v c apital The 10. partnership alue .. t period he Calculate ~ a ny w ith'out 2 009 A pril 1 st o n p artnership i nto e ntered B a nd A 9. .'. of f 5,00,000 and f 3,00,000 amount of interest on loan to be charged and the basis of division of profits. Pass a journal entry for the distribution of the profit between the partners and prepare the Capital Afcs of both the partners and Loan Afc of 'A'. of super profits earned on average basis during the above mentioned three years and (ii) by capitalisation method. 4 follows: profit 2,50,000 15% is considered to be a fair return on the capital. The remuneration of all the partners during this period is estimated to be f 1,00,000 per annum. 4 67/1 5 4 4 ,500 3 0,000 4 4,000 4 ,000 5 5,000 ~ Expenditure Account for the C lub, I ndia S outh o ~ ~ ~ 31T, " q\ 1 5% ~ ~ 31T, " q\ : ~ " S{~ p remium, 8 % a t i p remium, 5 % a t i ssued e ach I ~ m ~ UT ( ii) ~ 1~1(g<:1 I " q)T ~ ~ r i ~ 3 :fqf~ ~ I ~ ~ ' J:/"RT year expenses ~ ~ ~ ~ I ~ 4 ,00,000 ~ ~ 2010 ssued e ach 1 0 2 50 ~ - ~ ~ ~-1I~'Cj1 ~ 1~~~ctI ~ R ~ ~ 2,20,000 2009 m 5 % ~ ~ ~ ~ 2009 ~ 8 % ~ " q)T " q)T ~ ~ 3 1fqjT " tfiif ~ ~ 1 Tl:!: ~ ~ - f A lc P ayment & o f o f " q\ ~ ~ ~ 1 5% " q\ ~ ~ ~ 2008 i y ear) p revious ~ p remium. ~ ' 5lffi 1 ,00,000 ~ -q1ft~ 2008 n r eceived 1 ,000 ~ m ~ ~ D ebentures ~ ~ ~ G T ~ ~ ~ ~ 'J:Jr;f ~ (i) ~~ ~ ,900 y ear) ~ ~ 1 0 2 50 ~ 1 5% a t 9 % 1 5,000, following p t he R eceipt ~ I D ebentures 1 2% repayable Pass the necessary journal re-paid) R oom and 5 f or o f ~UIY~ p Income 4 12% 00 2,00,000, revious ( including at t i tems repayable ~ ~ 2 ,00,000, (i) the he ~ ~ UIY~ 9 % 15,000, f r eceived ~"q\~~ R~I~I(g<:1 ~~ or 7 50 "q\~~1 (ii) in - 00 R efreshment f ollowing t he F rom 2007 ~ ( Lighting ~ p aid Salaries an including o f ( inc~uding Stationery prepare r a nd Subscriptions Debentures eceived R advance (ii) ates p roceeds Net (i) R a nd Rent 11. ent Lockers 12. ~ ~ ~ ~ : ~ ~ ~ R "kf ~ ~ ~ f qOO - ;r " tfiif ~ ~ ~ .,,'; 1,90,000 2,50,000 ~ qq1~ ~ 1Tl:!: ~ ~ entries for the issue and redemption of cases: 4 par. 31.3.2010 : ended 6 5,500 Miscellaneous Expenses 3,000 Interest paid on loan for three months 1,200 P.T.D. . 'OC,," 67/1 1 0,200. expenses " amounted ' !!c1i;~."; d iscount. 5 1 0,000. " t' l oan b rother's h is have been transferred % a took over all investments t p aid w ere 2 p ayoff t o to Realisation c p rofits transactions ash) t s haring w ere w ho H aider a nd J ames o f f irm t he o f dissolution entries for the following han ( other a ssets v arious T he 1 . : 2 o f r atio t he i n l osses and Pass the necessary journal t' Realisation 0,000 Debtors realised w " "Haider t' c reditors a greed alld outside liabilities as r ealisation o J ames (i) I ~ ~ 1 fi ~ " q:jT ~ 9 ~ ~ ~ ~ 7 00 4 , " t' ~ 3 1mT:{f ~ 31.3.2010 : ~ 31frrft"ff) 4 ,900 ' srTft<f ~ ~ 4 ,500 ~ ) ~ 3 Tf!iq 5 00 ( "t' ~ ~ ~ 1 ,200 ~ ~ " q:jT ~ " ffi";f ~ ~ 3 ,000 ~ ~ 3 0,000 ' srTft<f ~ ~ " % ~~YI"i 4 4,000 ~ r~r~d) ~ ~ ~ ~ 7 50 " t' ~ 3 Tf!iq 1 ,000 ( "t' ~ ~ 4 ,000 ~ r~r~d) ~ ~ ~ ~ 4 00 ( "t' ~~ 5 ,500 ~ ~ 5 5~'QOO ~ ~ : ~~~~a:w.f~~"{9Tm~~ ~ ~ 3 1.3.2010 ' ~ ~ ~ ~ ~ ~ ' srTft<f r "i~r~r{gd ~ ~ ~ ~~ o utstanding. a lso w as l oan o n interest m "onths n ine a nd ? OO 4 , " t' w ere 3 1.3.2010 o n a rrears i n Subscriptions Additional n (v) S (iii) undry (ii) L (iv) 13. oss (vi) - ~ - --'.' Information: "t' on the Account: 6 "t' 12,000. at "t' 12,000. to "t' 2,000. 6 - 57/1 his 7 t~jcC"" s w er.e s hares Equity hares and 1 1 00 I t ~ ~ ~ UT ~~.-jl~-ql 50 money w 10,000 hom w for issuing hom t f ollows: a s " qjT m 1 17 ~ 31lq~<.fctl t allotment o R am B p ayable w as ~ ~ ~~ ~~ ~~~m~ o S the alance 1 applications hyam pay - 2 ~ ~ ~ ~ ~ f u1.:JT q j"{ ~ ~ ~ -~ ~ ~ ~ I m shares ~ ~ ~ m - ~ ~ " (fjJ:q;ft f G;{ ~ I f u1.:JT ~ " qjT ~ m ~ ~ ~ ~ f uf2f ~ ~ ~ R 7f1:r.:r " qjT ~ ~ 1 0% ~ ~ ~ - q"{ YftY~dl a C all 3 ~ ~ ~ ~ shares . ~ - q"{ m ~ 1 5% ~ 3 1.12.2011 ~ ~ ~ , - q"{ ~ R 7f1:r.:r " qjT ~~, ~ 1 00 ~ ~ " qjT ~ ~ 1 0% 1 5,000, ~ ~ f u~ ~ 1c:i\J1I.-jctl ~ ~ 1.1.2007 o f C 1 17 S ec. f ollows C ompany t he i f D ebentures, o f r edemption t he for Pass the necessary journal llotment. to s ~ a mount T he L5. Dinesh Ltd. invited ubscribed. F A pplication ~ I m were a failed inal a nd A llotment On ~ ~ Companies f C all F irst On 2 0,00,000 ~ ~ Debentures ully w as S econd On ~ "qjTm~qj"{m~1 a ll a nd D ebenture-holders t he a ll b y a ccepted w as o ffer T he d ate. this o n 2 0,00,000 ~ o f b alance c redit a s hows N c L oss & P rofit T he profits. o f o ut i ssue, o f t erms t he p er a s D ebentures 1 0% m entioned a bove the r edeem t o d ecided c ompany t he m aturity, o f d ate t he O n 31.12.2011. o n 1 5% o f P remium a ' a t r epayable w ere w hich p ar a t e ach 1 00 ~ of D ebentures 1 0% 1 5,000, i ssued C ompany L imited P ublic a 1 .1.2007 O n I ' lft 1 0,200 ~ m 'R - q"{ ~ (vi) I ~ 2 ,000 ~ ~ ~ (v) I ~ ~ ~ - q"{ " iif[ ~ 5 % ~ 2 0,000 ~ ~ ~ f 4fCf :T (iv) I ~ ' R ~ 1 2,000 ~ ~ ~ ~ r o I ~ m ({f 1 2,000 ~ ~ ~ (ii) I ~ ~ ~ ~ ~ 1 0,000 ~ ~ " qjT ~ ~ ~ ~ (i) : ~ " SffCI~ ~ ~.-jl~-ql 3 1lq~<.fctl ~ ~ ~ ~~I(:1I(gd ~ ~ ~IY.-j ~ ~ ~ ~ , ~ ~ ~ ~ 1 : 2 ~ ~ -m'R ~ r o ~ ~ ~ ~ ~ ~ 1.-jIr(1ftd ~ " &ffi ~ ~ ~ 3# ~ ~ 3 1fufu1) ~ ( ~ fqf4V::r 4.Yffi<.f1 ~ fter allotted, i On e ach. ~ the i 1 0 ~ the ssue The (iii) mmediately forfeited .4. ~ redeemed. entries in the books of the Company only Act. 6 "51~ * ~, of . were P.T.D. I " Cf'4T ~ s hare forfeited. ~ ~ , ~ p er f ailed t owards t he t o Applications ~ 3 Rt:r 1 T1:{T m ade p ayable w as n ecessary f orfeited t he A ll f orfeited. a lso pay . ~ ~ s hares Equity f " Cf'4T 8 P ass u p. p aid f ully s hare w ere s hares H is c all. f inal to u I ~~ ~ ~ u tilized w as a mount T he s hare. p er OR p er 9 ~ a t r e~issued a nd failed ~ ' CfiT f qj(1r the I d ~~-ql~ were ~ ~ 2 4,000 a llotment, received. 1 f or w as m oney p remium) 2 ~ . o f p remium a a t 10,00,000 T1:{T ~ ~ in ' ~ shares I ~ f or a pplied 3 ~ ( including 5 ~ A pplication w ere second allotted , ~ 1 T1:{T ' CfiT entries ~ ~ ~ His 1 r eissued w ere p ro-rata a nd were T1:{T " R1fI:r;r ~ ~ a pplication 4 ~ A llotment e ach for -issuing ~ ~ : h ad w ho C all F inal a nd F irst On shares were ~ 1 003hif journa} ~ ~ ~, ~ money. ~ ~ ~ ~ s hares r ejected shares R ~ ~ ~ - q;-{;:rT G iri E xcess w ere s hares On in the books of Dinesh 1ffi:r(f ~ ~ - Pass necessary ' ~ I call CfiT 3 hif 3 hif ~ 1 0,000 1 0,000 a pplicants. On applications ~ - 0 5 - q""{ ~ a llotment. o n d ue 1 0 ~ shares - 3t~ ~ ~ 31T ' S[qiR ~ and ~ q :jT ~ 1 s hares f orfeited 3,00,000 15,00,000 3hif~~~~~1T1:{T I ~ ~ ~ 3 ~ 1 0 ~ ~ f u. remaining 50 ~ - q""{ 3 t';1J ~ ~ ~ ' CfiT \ Tfu s ums whom ~ " ~ ~ 2 - q""{ ~ allotment 51~ ~ I 3 Rt:r ~-q""{ t he of for T ~ ~~-q""{ ~ Ltd. invited J.f(f 1 503hif ~ ~ ~ I ~ up. 9 ~ ~ ~ 3 hif ~ paid ~ ~ ~\Tfu'CfiT~-.:rffr~"Cf'4T~3hif~~~~~~~~ the ~ ~ ~ I 1T1:{T Applications ~ ~ " t1TJfT ~ I fqj(1r entries ~-1I~-q1 3 ~ 3Rt:r to pay :jICj~~ctI 3 hif ~\Tfu'CfiT~~~ fully . ~ ~ Moti q: ~ . journal to 8 67/1 as Mohan ~ ': made. w as c all f inal a nd s econd t he M terwards c all. f irst t he a fter. forfeited a lso w ere s hares H is c all. f irst t he p ay t o f ailed a llotted, were ~ -~; - ~ ,~ ~ ~-- - .., the Ltd. 8 shares of follows: for Out books of Moti Ltd. , , ,~ , iC ~ ; ;... ~ - Goodwill last be valued at four"years, which t 42,500 2.! 3 7 5,000 M achinery 1 5,000 P atents 5 0,000 B uilding ~ A ssets Cash year's were Years 9 at as 2007 32,500 2007 - 2008 30,000 2008 - 2009 40,000 2009 - 2010 purchase of the 2,17,500 average A mount f Debtors Bank profits t 8 "srfu ~ q j) I ~ " ;riff ~ 2 4,000 ~ P ro ~ I ~ ~ ~ he i n l osses 3 tm "qjT ollows: 3 I ~ - q"{ 3 :rT'i::rR 3 ~ . ) ( ~ 5 ~ ~ :j1~~~~ " qjT ~ ~ ~ . q: 3 :jTJQTfuqj q j) ~ 4 - q"{ ~ I a . q: " {Tfu ~ " (f'(:JT ~ ~ - q"{ - q"{ ~ 3 :{Rfq ~ ~-q"{ ~ s a 1 0,000 ~ . q: a tm I T(!: " {TftT ~ - ;'t ~ 3 1T~ ~ ~ ~ ~ nd ~ C iI11 f u. ~ ~ ~ I ' (:JT, ~ ~ ~I~I~'i " qjT 15,00,000 -q"{ w p rofits s haring I ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ as S heet B f irm a i n ~ R 1ffirij ~ - urn ~ ~ alance t heir 3 1.3.2010 p artners w ere ~ ~ atm 3t'!1J 7,500 S tock ~ Amount O n 2 . : Z q j) 3 tm m "srfu hat: a Creditors greed 7 5,000 3 : 5 a nd 1 iUT-~ 3t'!1J 2 w 1 ,75,000 6 2,500 A ccounts: o f ~~~I ~ as I ~ X: Y X , R*:r;:r ffi P ~ the ~ Y: ratio "qjT t Sundry 3 Z: Liabilities atm 1.7.2010. o Capital I n d ied Z 16. ~ .T.D. 2006 (a) ~ ~ ~ ~ ~ ~ 3 tm ~ 1 0,00,000 ~ ~ 1 0 ~ - ;'t fu. ' , :' ~ -q1-ffi "SfqjR ~'(:JT: 3tm ~ ~ ~ ~ I 3,00,000~ ~~ qj) ~ 3tm ~ ~ \1.-11'iI~-q1 20,000 20,000 2,17,500 2 of follows: Profits 37,500 67/1 - -2 0,000 4 2,500 2,17,500 10 (.q-2:~) 7 ~ 5,000 7 5,000 ~: 5 0,000 ~ : ~ ~ ~ ~ ~ ~ ~ : ' i;rT ~ ~ R q ~ ~ ' 3';fqjT q ;) 15,000 20,000 2,17,500 . I should ~ f irm. n ew t he o f S heet B alance t he a nd be written off as bad debts and Land and Building appreciated by 25%. Prepare Revaluation Account, Capital Accounts of Murari, ~ ~ ~ ~ 2 : 3 : 5 ~ ~mR ~ ~ " ij~ ~ t f)lf ~ ~ ~ ~ s hould 5 ,000 ~ 2 0%, b y M achinery a nd P lant 2 ,000; ~ b y depreciated b e s hould s tock t hat a greed w as I t 2 ,00,000. ~ B uilding a nd Land 8 0,000; ~ M achinery a nd P lant 4 0,000; ~ D ebtors 1 0,000; ~ Stock i ncluded c ash f rom . apart a ssets T heir 1 5;000. ~ w as o verdraft Bank a nd 6 0,000 ~ w ere V ohra a nd M urari o f c reditors t he d ate t hat On g oodwill. o f s hare o ne-fourth. h is f or 9 0,000 ~ a nd c apital h is as 2 ,00,000 ~ o f p ayment h is o n p rofits i n s hare o ne-fourth f or partner a a s Y adav a dmitted t hey 1 .4.2010 O n r espectively. 1 ,60,000 ~ and 1 ,20,000 ~ o f c apitals w ith f irm a i n p artners w ere V ohra a nd Murari OR of instalment 3 ~ ~ 6 2,500 ~: ~ Yadav executors' account till the payment 7,500 ~ 7 5,000 1 , - ~~~ ~: ~ ~, Z 's a nd t ransactions a bove t he r ecord t o e ntries j ournal n ecessary Give 3 1.1.2011. f rom s tarting p .a. 1 2% a t i nterest with t ogether i nstalments y early h alf f our i n p aid w as b alance t he and Z o f e xecutors t he t o i mmediately p aid w as 1 7,500 ~ o f s um A (d) (c) ~ ~ 31.3.2010 6 2,500. ~ a t Building a nd 2 0,000 ~ a t P atents. 7 0,000; ~ a t v alued b e M achinery (b) . For the purpose of calculating Z's share of profits in the year of his death the profits in 2010 - 2011 should be taken to have been accrued on the same scale as in 2009 - 2010. due on 31.1.2011. 8 be Vohra and ~I 67/1 11 ~ ~ " q)T ' ~ 2 5% ~ " q)T ~ ~ ~~I~ ~ ~ ~ ~ ~ 4 0,000; t ~ 1 0,000; t 1 5,000 t 3 l~ ~ " (f2fT ? :t ~ - ;:r.:Jr ~ q )) ~ ~ ~ ~ 9 0,000"q)T t ~ ~ m 1T 1 /4 ~ . q: ~ ~ 2 ,00,000 t ~ ~ ~ ~ m 1T 1 /4 . q: ~ ~ q )) 1 .4.2010 I ~ 1 ,60,000 t " (f2fT 0 0 0 , 0 2 , 1 t ~ ~ ~ " (f2fT ? :t ~ . q: ' tfil:f ~ ~ " (f2fT "rJ{rU ~ . . I ~ " @ffiT " q)T R ~I~ctJl ~ ~ " (fqi ~ ~ ~ ~ "(fqi 3 =lICI~~ctJ ~ ~ ~ ~ ~ ~ ~ 3 1.1.2011 " (f2fT ~ ~ IClI~~i ~.~~I ~ G { ~ ~ 1 2%"SIfu . q: ~ ~ 3 1t:f ~ - :qT{ ~ ~ ~ 31.1.2011 ~ " q)T ~ " (f2fT ~ M ~ ~ " q)T 1 7,500 t q )) R ~I~ctJl ~ o ;;1tg (~) I ~ ~ m ~ ~ ~ a m 2009-2010~.q: ~ . q: ~ 2 011 - 2 010 ~ ~ 7 TURT ~ 3 t!lJ ~ o ;;1tg . q: ~ . q: ~ ~ ~ ("IT) ~I ~ 6 2,500 t ' j:fCR" " ff?:rT 2 0,000 t ~ 7 0,000; t ~ ~ ~ "q)T ("@) 40,000 2009 - 2010 2 ~ ~ : 6 0,000 t ~~I 30,000 2008 - 2009 0%""q)T ~ 2 ,00,000. ~ ~ ~ ~ ~ " (f2fT l jUU q )) ~ ~ 32,500 2007 - 2008 tfil:f ' j:fCR" " (f2fT ~ " (f2fT t ' j:fCR" ~ ~ q )) ~ I ?:rT - 2007 ~ " ~ ~ ~ r n " (f2fT ~ 8 0~000; t ~ " (f2fT rn ~)J1-1I~~1 (f2fT ~ ~ ~YI(1I~d ~ ~ ; ~ ~ ~~I~ " q)T 2 ,000 t ~ ~~~~i ~ ~ ~ " 5 ,000 t ~; 2006 (f2fT ~ ~I ~ , " rJ{rU " @ffiT, c tJ-1 i ~ { - 1 ~ f fi'i1 ~ ~ ~ ~ ~ ~ ~ 2 ! ~ ~ ~ ~ ~ - :qT{ ~ ~ ~ "q)T (-q;-) : ~ ~ M ~ ~ ~ I ~ m ~ " q)T o ;;1tg 31.7.2010q)) 2 ~~~~~~?:rT: t 37,500 . " P.T.D. - 67/1 2 2,000 1 ,66,000 9 3,400 ~ ~ 31.3.2009 1,57,400 ~ 6 Depreciation charged on fixed assets for the y-ear 2009 - y w as 2,37,000 2 Expenses 010 5 ,000 4 ,000 3 9,000 3 6,000 55,000 Stock ear. t he d uring D ebtors 1,30,000 Fixed Assets ~ ~ ~ C ash ~ ~ A ssets ~ 31.3.2009 1,57,400 7 5 ,000 3 9,000 3 6,000 a dvance i n p aid S tatement: F low as on 31.3.2009 f1.fT 1 ,000 4 ,000 ~ R ~I~I(9d ~ 31.3.2010 ~ 2 2,37,000 0,000 2 ,000 31.3.2010 I ~ ~ ~~I~ ~ ~ffi<-li 3 0,000 ~ ~td. ~ ~ - ~ ~ffi<-li ~ 2 2,000 2 0,000 C ash a p repare 31.3.2010, of Vikas ;:;n - ~ 1,57,400 a:r.:r ~ b een h as 1 7,400 30,000 ~ ~ f fi. ~ ~ 5 ,000 ~ A ccount L oss a nd Sheets ~ ~ ~ ~ 2 0,000. ~ C reditors General Reserve ~ 1 ,30,000 9 0,000 T ax I ncome (ii) 90,000 ~Rt<-ll 5 5,000 3 0,000 3 1.3.2010 ~ 31.3.2009 Share Capital 5 3 0,000 2 0,000 : ~ fq-q"{IJT 31.3.2009 ,000 2 2,000 1 7,400 ~ Balance ~ 1,57,400 ~ ~ ~ 2 010 ~ 3t!1.T 31.3.2009 ~ 3 1f!I:q . - ~ ~ ~I"il.-<.j Liabilities following q: ~ q : ~ ~-~ Additional )T 2 ~ . ~1~1f{Cf1 009 ~ 3:rfrrftffi Profit the ~ ~I (i) (i) ~ (ii) Trade From 2,000 - ~"' 23. and 31.3.2010 93,400 1,66,000 22,000 26,000 Preliminary 1,000 2,37,000 Information: 31.3.2010 26,000 . 2,37,000 14 - 67/1 15 1 7 ,500 ~ m inimum 6 ,000 ~ m inimum the ,500 4 ,000 ~ : ? Computerised ~ o 1 0,000 8 ,000 ~ : for ~ : 1 5,000, Excel f m 1 5,000, on inimum p ~ formula ay ~ u pto of a p ay 1 0,000 a bove advantages t A llowance: b asic ~ o f p ay f qM;;r ~ ~ m '{uft ~ ~ ~ o;nq2T ~ ~ "sT.";siT.~.~. ~1(fill~1 Accounting following: ~ ~ I Q(gfilSC1 ~ r ather t ables d ifferent i nto f ormation s plit t o s eek w e d o D BMS i n W hy ? ~ ~ ~ ~ ~ ~ "sT.";siT.~.~. D BMS? i n l ine j oin a i s W hat ? ~ ' q;y1.f ~ - q:jT ' m'{uft' ~ "sT.";siT.~.~. D BMS? i n ' Table' o f f unction t he i s W hat ? ~ ~ ~1~1r(.j1~(UI Normalisation o s ubject b p ay the asic A llowance Calculate p A Dearness llowance the ay p ay b asic are 1 b asic ? ~ single 5,000 ~ R House ent What 1 o n 31~~~~~~~~ a 5,000 ~ o n 45% than b b asic 35% is asic C 1 Upto 23. 0,001- ~ 22. ompensatory Above 19. What o City 20. 18. f 10% 21. l r'\~~lql~<ii 1 c odes? S equential a re W hat 7 . L ~ ~i~~) (3Tf~ (Computerised Accounting) \WT1T 31I~ftrq; ~ ~? . ? 1 2 3 table? 3 System? 4 3x2=6 P.T.D. c,~ - - C P ART 1 ~ ~ 1 ,500 ~ ~ 1 0%, " q:jT ~ ~ : ~ ~ m11f<i' ~ 1 0,000 ~ : ~ ~ ~ ~ ~ ~ ~ 1 5,000 ~ 8 ,000 ~ : ~ ~ ~ ~ ~ O "q:j 1 5,000 ~ - 1 0,001 ~ 4 ,000 ~ : ~ ~ ~ ~ ~ O "q:j 1 0,000 ~ 1fq)'R~~ 7 ,500 ~ ~ 3 5%, - q"{ ~ ~ ~ ~ ~ 1 5,000 ~ 6 ,000 ~ ~ 4 5%, - q"{ ~ ~ ~ O "q:j 1 5,000 ~ ~~ : ~ ~ ~ ~ - q"{ ~ ~ ~ I-1WjI(."\I~<1 6 67/1 ~ ~I- p;i!,,~~; ~:,"';:- I :CT.t: .- ;1 .-

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