Trending ▼   ResFinder  

CBSE Class 12 Board Exam 2019 : Accountancy (Series 2)

27 pages, 124 questions, 0 questions with responses, 0 total responses,    0    0
cbse12
  
+Fave Message
 Home > cbse12 >

Instantly get Model Answers to questions on this ResPaper. Try now!
NEW ResPaper Exclusive!

Formatting page ...

SET-1 H$moS> Z . Series BVM/2 Code No. amob Z . 67/2/1 narjmWu H$moS >H$mo C ma-nwp VH$m Ho$ _wI-n >na Ad ` {bIo & Roll No. Candidates must write the Code on the title page of the answer-book. H $n`m Om M H$a b| {H$ Bg Z-n _o _w{ V n > 27 h & Z-n _| Xm{hZo hmW H$s Amoa {XE JE H$moS >Z ~a H$mo N>m C ma -nwp VH$m Ho$ _wI-n > na {bI| & H $n`m Om M H$a b| {H$ Bg Z-n _| 23 Z h & H $n`m Z H$m C ma {bIZm ew $ H$aZo go nhbo, Z H$m H $_m H$ Ad ` {bI| & Bg Z-n H$mo n T>Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h & Z-n H$m {dVaU nydm _| 10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>m Ho$db Z-n H$mo n T>|Jo Am a Bg Ad{Y Ho$ Xm amZ do C ma-nwp VH$m na H$moB C ma Zht {bI|Jo & Please check that this question paper contains 27 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 the Serial Number of the question before attempting it. 15 minute time has been allotted to read this question paper. The question 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-book during this period. boImem ACCOUNTANCY {ZYm [aV g_` : 3 K Q>o A{YH$V_ A H$ : 80 Time allowed : 3 hours 67/2/1 Maximum Marks : 80 1 P.T.O. gm_m ` {ZX}e : (i) `h Z-n Xmo I S>m| _| {d^ $ h H$ Am a I & (ii) I S> H$ g^r Ho$ {bE A{Zdm` h & (iii) I S> I Ho$ Xmo {dH$ n h - {d mr` {ddaUm| H$m {d bofU VWm A{^H${b boIm H$Z & (iv) I S> I go Ho$db EH$ hr {dH$ n Ho$ Zm| Ho$ C ma {b{IE & (v) {H$gr Z Ho$ g^r I S>m| Ho$ C ma EH$ hr WmZ na {bIo OmZo Mm{hE & General Instructions : (i) This question paper contains two parts A and B. (ii) Part A is compulsory for all. (iii) Part B has two options Analysis of Financial Statements and Computerised Accounting. (iv) Attempt only one option of Part B. (v) All parts of a question should be attempted at one place. I S> H$ (Abm^H$mar g JR>Zm|, gmPoXmar \$_m] VWm H$ n{Z`m| Ho$ {bE boIm H$Z) PART A (Accounting for Not-for-Profit Organizations, Partnership Firms and Companies) 1. EH$ gmPoXmar \$_ Ho$ {dKQ>Z na p W{V {ddaU H$s n[ag n{ m`m| H$s Va\$ Xem E JE gmPoXma Ho$ G$U H$m boIm H$aZo Ho$ {bE Amd `H$ amo OZm_Mm {dp Q> Xr{OE & Pass the necessary journal entry for treatment of Partner s loan appearing on the asset side of the Balance Sheet in case of dissolution of a partnership firm. 2. EH$ Z`m gmPoXma {Og gmPoXmar \$_ H$m gX ` ~ZVm h , Cg_| Xmo _wI A{YH$mam| H$m A{YJ hU H$aVm h & BZ_| go EH$ A{YH$ma H$m C boI H$s{OE & AWdm {H$gr \$_ H$s `m{V Ho$ _y ` H$mo `dgm` H$s H ${V {H$g H$ma ^m{dV H$aVr h ? A new partner acquires two main rights in the partnership firm which he joins. State one of these rights. OR How does Nature of business affect the value of goodwill of a firm ? 3. EH$ Abm^H$mar g JR>Z Ho$ _w ` C o ` H$m C boI H$s{OE & AWdm EH$ Abm^H$mar g JR>Z H$m {d mr` {ddaU V `ma H$aVo g_` OrdZ gX `Vm ew H$ H$m {ZnQ>mZ H $go {H$`m OmVm h ? State the main aim of a not-for-profit organisation. OR How is Life membership fee treated while preparing the financial statements of a not-for-profit organisation ? 67/2/1 2 1 1 1 1 1 4. H$s`m VWm brbm gmPoXma h VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m Q>Vo h & {H$aU H$mo bm^ Ho$ 1 d| ^mJ Ho$ {bE EH$ Z`m gmPoXma ~Zm`m J`m Am a dh `m{V r{_`_ Ho$ AnZo ^mJ Ho$ 5 {bE < 24,000 bmB , {OgH$s H$s`m VWm brbm Ho$ ny Or ImVm| Ho$ O_m _| H $_e < 18,000 VWm < 6,000 go IVm Zr H$a Xr JB & H$s`m, brbm VWm {H$aU Ho$ ZE bm^ {d^mOZ AZwnmV H$s JUZm H$s{OE & 1 Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was 1 admitted as a new partner with th share in the profits and brought in 5 < 24,000 as her share of goodwill premium that was credited to the capital accounts of Kiya and Leela respectively with < 18,000 and < 6,000. Calculate the new profit sharing ratio of Kiya, Leela and Kiran. 5. {XZH$a, ZdrVm VWm dmUr gmPoXma Wo VWm 3 : 2 : 1 Ho$ AZwnmV _| bm^-hm{Z ~m Q>Vo Wo & 30 OyZ, 2017 H$mo ZdrVm H$s _ `w hmo JB & ~rM H$s Ad{Y _| bm^ _| CgH$m ^mJ {dH $` na AmYm[aV Wm Omo < 6,00,000 Wm & {nN>bo Mma dfm] _| {dH $` na bm^ H$s Xa 10% Wr & \$_ AnZr nw VH|$ {V df 31 _mM H$mo ~ X H$aVr h & bm^ _| ZdrVm Ho$ ^mJ H$s JUZm H$s{OE & Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 : 2 : 1. Navita died on 30th June, 2017. Her share of profit for the intervening period was based on the sales during that period, which were < 6,00,000. The rate of profit during the past four years had been 10% on sales. The firm closes its books on 31st March every year. 1 Calculate Navita s share of profit. 6. A em| Ho$ {ZOr Am~ Q>Z H$m `m AW h AWdm Ama{jV ny Or H$m `m AW h ? ? 1 1 What is meant by Private Placement of Shares ? OR What is meant by Reserve Capital ? 7. {nN>bo Hw$N> dfm] _| EH$ \$_ H$m Am gV bm^ < 80,000 h VWm EH$ Bgr H$ma Ho$ `dgm` H$s gm_m ` {V\$b Xa 10% h & `{X 4 dfm] Ho$ A{Ybm^ (gwna bm^) Ho$ H $` na \$_ H$s `m{V < 1,00,000 h , Vmo \$_ mam {d{Z`mo{OV ny Or kmV H$s{OE & 3 Average profits of a firm during the last few years are < 80,000 and the normal rate of return in a similar business is 10%. If the goodwill of the firm is < 1,00,000 at 4 years purchase of super profit, find the capital employed by the firm. 67/2/1 3 P.T.O. 8. `y O S> {b{_Q>oS> Zo E H$ _erZ {b{_Q>oS> go < 6,90,000 _| g ` VWm _erZar H$m H $` {H$`m & E H$ {b{_Q>oS> H$mo ^wJVmZ < 90,000 Ho$ EH$ S >m Q>, Omo VrZ _mh n MmV Xo` Wm, H$mo drH$ma H$aHo$ VWm eof H$m ^wJVmZ < 100 `oH$ Ho$ 6% G$Un m| H$mo 20% Ho$ ~ >>o na {ZJ {_V H$aHo$ {H$`m J`m & Cn`w $ boZXoZm| Ho$ {bE `y O S> {b{_Q>oS> H$s nw VH$m| _| Amd `H$ amo OZm_Mm {dp Q>`m H$s{OE & AWdm O S> Ho$ {b{_Q>oS> Zo < 100 `oH$ Ho$ < 4,00,000, 9% G$Un m| H$m {ZJ _Z 5% Ho$ ~ >o na {H$`m {OZH$m emoYZ 10% Ho$ r{_`_ na H$aZm h & Cn`w $ boZXoZm| Ho$ {bE O S> Ho$ {b{_Q>oS> H$s nw VH$m| _| Amd `H$ amo OZm_Mm {dp Q>`m H$s{OE & 3 3 UZ Ltd. purchased Plant and Machinery from Elk Machine Ltd. for < 6,90,000. Elk Ltd. was paid by accepting a draft of < 90,000 payable after three months and the balance by issue of 6% debentures of < 100 each at a discount of 20%. Pass necessary journal entries for the above transactions in the books of UZ Ltd. OR ZK Ltd. issued < 4,00,000, 9% Debentures of < 100 each at a discount of 5% redeemable at a premium of 10%. Pass necessary journal entries for the above transactions in the books of ZK Ltd. 9. {d bmo {b{_Q>oS> < 10,00,000 H$s A{YH $V n yOr, Omo < 10 `oH$ Ho$ 1,00,000 g_Vm A em| _| {d^ $ Wr, go n OrH $V Wr & H$ nZr Zo OZVm Ho$ A{^XmZ hoVw 80,000 A e Vm{dV {H$E, {OZ_| go 75,000 A em| H$m A{^XmZ h Am & 3,000 A em| na < 2 {V A e H$s A {V_ `mMZm H$mo N>mo S>H$a g^r am{e m V hmo JB & {d bmo {b{_Q>oS> Ho$ p W{V {ddaU _| H$ nZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ mdYmZm| Ho$ AZwgma [a{ $`m ( Jm`~ am{e) ^[aE & 31 _mM , 2018 H$mo p W{V {ddaU (EH$ {Z H$f ) {ddaU g_Vm Ed Xo`VmE 1. eo`aYmaH$ H$mof (a) A e ny Or 67/2/1 4 ZmoQ> g . < 1 .......... .......... 3 ImVm| Ho$ eof $ ZmoQ> g . 1 {ddaU < A e ny Or A{YH $V ny Or ................................ .......... {ZJ {_V ny Or ................................ .......... A{^X m ny Or A{^X m VWm nyU X m ________ A e < 10 `oH$ A{^X m {H$ Vw nyU X m Zht ________ A e < 10 `oH$ .......... .......... KQ>m ................. .......... .......... .......... Willow Ltd. was registered with an authorized capital of < 10,00,000 divided into 1,00,000 equity shares of < 10 each. The company offered 80,000 shares for subscription to the public, out of which 75,000 shares were subscribed. All amounts were received except the final call of < 2 per share on 3,000 shares. Fill in the missing figures in the Balance Sheet of Willow Ltd. as per the provisions of Schedule III, Part I of the Companies Act, 2013. Balance Sheet as at 31st March, 2018 (An extract) Particulars EQUITY AND LIABILITIES 1. Shareholders Funds (a) Share Capital 67/2/1 5 Note No. < 1 .......... .......... P.T.O. Note to Accounts Note No. 1 Particulars < Share Capital Authorised Capital ........................................ Issued Capital ......................................... Subscribed Capital Subscribed and full paid ________ shares of < 10 each Subscribed but not fully paid ________ shares of < 10 each .......... Less ................. .......... .......... .......... .......... .......... .......... 10. OZVm H$ `mU b~ Ho$ 1250 gX ` Wo VWm `oH$ < 150 dm{f H$ M Xm XoVm Wm & 31 _mM , 2018 H$mo g_m V h E df _| b~ H$mo 45 gX `m| go M Xm m V Zht h Am VWm 46 gX `m| go 31 _mM , 2019 H$mo g_m V hmoZo dmbo df Ho$ {bE A{J _ M Xm m V h Am & 31 _mM , 2017 H$mo AX m M Xm < 15,000 VWm A{J _ m V M Xm < 3,000 Wm & 31 _mM , 2018 H$mo g_m V h E df Ho$ {bE m{ V Ed ^wJVmZ ImVo Ho$ O_m _| IVm Zr H$s OmZo dmbr M Xo H$s am{e H$s JUZm H$s{OE & 3 Janta Kalayan Club has 1250 members each paying an annual subscription of < 150. During the year ended 31st March, 2018 the club did not receive subscription from 45 members and received subscriptions in advance from 46 members for the year ending 31 st March, 2019. On 31st March, 2017 the outstanding subscriptions were < 15,000 and subscriptions received in advance were < 3000. Calculate the amount of subscription that will be debited to the Receipts and Payments Account for the year ended 31st March, 2018. 11. har, Hw$Zmb VWm C_m EH$ \$_ _| gmPoXma h VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^-hm{Z ~m Q>Vo h & 1 A b, 2018 go C hm|Zo ^{d ` _| bm^-hm{Z 2 : 5 : 3 Ho$ AZwnmV _| ~m Q>Zo H$m {ZU ` {b`m & CZH$m p W{V {ddaU, bm^-hm{Z ImVo _| < 75,000 VWm {Zdoe CVma-MT>md H$mof _| < 15,000 Xem ahm Wm & Bg `moOZ hoVw `h gh_{V h B {H$ : (i) \$_ H$s `m{V H$m _y `m H$Z < 3,00,000 na {H$`m J`m & 67/2/1 6 4 (ii) {Zdoe (nw VH$ _y ` < 50,000) H$m _y `m H$Z < 35,000 na {H$`m J`m & (iii) < 50,000 nw VH$ _y ` Ho$ Q>m H$ na 10% go _y ` mg bJm`m OmEJm & Cn`w $ Ho$ {bE \$_ H$s nw VH$m| _| Amd `H$ amo OZm_Mm {dp Q>`m H$s{OE & Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. From 1st April, 2018 they decided to share future profits and losses in the ratio of 2 : 5 : 3. Their Balance Sheet showed a balance of < 75,000 in the Profit and Loss Account and a balance of < 15,000 in Investment Fluctuation Fund. For this purpose, it was agreed that : (i) Goodwill of the firm was valued at < 3,00,000. (ii) That investments (having a book value of < 50,000) were valued at < 35,000. (iii) That stock having a book value of < 50,000 be depreciated by 10%. Pass the necessary journal entries for the above in the books of the firm. 12. _ram, gmW H$ VWm amo{hV EH$ \$_ _| gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV _| bm^ ~m Q>Vo Wo & 31 _mM , 2018 H$mo CZH$m p W{V {ddaU {Z Z H$ma go Wm : 31 _mM , 2018 H$mo Xo`VmE _ram, gmW H$ VWm amo{hV H$m p W{V {ddaU am{e am{e n[ag n{ m`m < < boZXma 3,00,000 Wm`r n[ag n{ m`m 7,00,000 AmH$p _H$ g M` 1,00,000 Q>m H$ 2,00,000 XoZXma 1,50,000 ~ H$ _| amoH$ S> 3,50,000 ny Or : _ram 4,00,000 gmW H$ 3,50,000 amo{hV 2,50,000 14,00,000 14,00,000 15 OyZ, 2018 H$mo gmW H$ H$s _ `w hmo JB & gmPoXmar g boI Ho$ AZwgma CgHo$ {Z nmXH$ {Z Z Ho$ h H$Xma Wo : (i) CgHo$ n yOr ImVo H$m eof & (ii) `m{V _| CgH$m ^mJ {OgH$s JUZm {nN>bo Mma df Ho$ Am gV bm^m| Ho$ VrZ JwUm Ho$ AmYma na H$s OmEJr & 67/2/1 7 P.T.O. (iii) _ `w H$s {V{W VH$ bm^m| _| CgHo$ ^mJ H$s JUZm {nN>bo Xmo dfm] Ho$ Am gV bm^m| Ho$ AmYma na H$s OmEJr & _ `w Ho$ df _| {Og g_`md{Y VH$ dh Or{dV Wm CgH$s JUZm _hrZm| _| H$s OmEJr & (iv) CgH$s _ `w H$s {V{W VH$ ny Or na 12% {V df H$s Xa go `mO & {nN>bo Mma dfm] _| \$_ Ho$ bm^ Wo : 2014 15 < 1,20,000, 2015 16 < 2,00,000, 2016 17 < 2,60,000 VWm 2017 18 < 2,20,000. gmW H$ Ho$ {Z nmXH$m| H$mo Xo` am{e H$m Vwa V ^wJVmZ H$a {X`m J`m & CgHo$ {Z nmXH$m| H$mo VwV {H$`m OmZo dmbm gmW H$ H$m ny Or ImVm V `ma H$s{OE & 4 Meera, Sarthak and Rohit were partners sharing profits in the ratio of 2 : 2 : 1. On 31 March, 2018, their Balance Sheet was as follows : Balance Sheet of Meera, Sarthak and Rohit as at 31 March, 2018 Liabilities Amount < Assets Amount < Creditors 3,00,000 Fixed Assets 7,00,000 Contingency Reserve 1,00,000 Stock 2,00,000 Capital : Debtors Meera 4,00,000 Cash at bank Sarthak 3,50,000 Rohit 2,50,000 14,00,000 1,50,000 3,50,000 14,00,000 Sarthak died on 15th June, 2018. According to the partnership deed, his executors were entitled to : (i) Balance in his Capital Account. (ii) His share of goodwill will be calculated on the basis of thrice the average of the past 4 years profits. (iii) His share in profits up to the date of death on the basis of average profits of the last two years. The time period for which he survived in the year of death will be calculated in months. (iv) Interest on capital @ 12% p.a. up to the date of his death. The firm s profits for the last four years were : 2014 15 < 1,20,000, 2015 16 < 2,00,000, 2016 17 < 2,60,000 and 2017 18 < 2,20,000. Sarthak s executors were paid the amount due immediately. Prepare Sarthak s Capital Account to be presented to his executors. 67/2/1 8 13. O g b~ H$s {Z Z gyMZm go ImVm V `ma H$s{OE & 31 _mM , 2018 H$mo 31 2018 _mM , H$mo g_m V df Ho$ {bE Am` Ed `` g_m V df Ho$ {bE O g b~ H$m m{ V Ed ^wJVmZ ImVm m{ V`m am{e < ^wJVmZ eof AmJo bmE 50,000 \$ZuMa {Zdoe na `mO 2,400 XmZ M Xm {H$am`m m V h Am nwamZo g_mMma-n m| H$s {~H $s 17,000 3,00,000 70,000 600 4,40,000 am{e < 1,30,000 doVZ 64,500 {d{dY `` 52,000 Q>obr \$moZ `` 12,000 \ $ g _erZ 6% {Zdoe (01.08.2017 6,000 H$mo) 1,00,000 _w U VWm Q>oeZar 19,000 eof ZrMo bo JE 56,500 4,40,000 A{V[a $ gyMZm : m V M Xo _| < 15,000 df 2018 19 Ho$ gp _{bV Wo & 31 _mM , 2018 H$mo AX m M Xo H$s am{e < 20,000 Wr & 31 _mM , 2018 H$mo AX m doVZ < 8,000 Wm VWm m ` {H$am`m < 2,000 Wm & _w U VWm Q>oeZar H$m Ama p ^H$ Q>m H$ < 12,000 Wm, O~{H$ Ap V_ Q>m H$ < 15,000 Wm & 67/2/1 9 6 P.T.O. From the following information of Gems Club, prepare Income and Expenditure Account for the year ended 31st March, 2018. Receipts and Payments Account of Gems Club for the year ending 31st March, 2018 Receipts Amount < Payments To Balance b/d 50,000 By Furniture To Interest on Investments 2,400 By Salaries To Donations To Subscriptions By Miscellaneous Expenses By Telephone 3,00,000 Charges 17,000 To Rent Received 70,000 By Fax Machine To Sale of old newspapers 600 By 6% Investments (on 01.08.2017) 4,40,000 Amount < 1,30,000 64,500 52,000 12,000 6,000 1,00,000 By Printing and Stationery 19,000 By Balance c/d 56,500 4,40,000 Additional Information : Subscriptions received included < 15,000 for 2018 19. The amount of subscriptions outstanding on 31st March, 2018 were < 20,000. Salaries unpaid on 31st March, 2018 were < 8,000 and Rent receivable was < 2,000. Opening stock of printing and stationery was < 12,000, whereas Closing stock was < 15,000. 67/2/1 10 14. Amerf VWm H$Zd EH$ \$_ _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z ~m Q>Vo Wo & 31 _mM , 2018 H$mo CZH$m p W{V {ddaU {Z Z H$ma go Wm : 31 _mM , 2018 H$mo Amerf VWm H$Zd H$m p W{V {ddaU am{e Xo`VmE n[ag n{ m`m < am{e < `mnm[aH$ boZXma 42,000 ~ H$ $ 35,000 H$_ Mmar ^{d ` {Z{Y 60,000 Q>m H$ 24,000 9,000 XoZXma 19,000 H$Zd H$m G$U 35,000 \$ZuMa 40,000 H$m_Jma j{Vny{V H$mof 20,000 g ` {Zdoe CVma-M T>md H$mof 4,000 {Zdoe 32,000 bm^-hm{Z ImVm 10,000 lr_Vr Amerf H$m G$U ny Or : Amerf H$Zd 2,10,000 1,20,000 80,000 2,00,000 3,70,000 3,70,000 Cn`w $ {V{W H$mo C hm|Zo \$_ Ho$ {dKQ>Z H$m {ZU ` {H$`m & (i) Amerf \$ZuMa H$mo < 38,000 _| boZo Ho$ {bE VWm lr_Vr Amerf Ho$ G$U H$m ^wJVmZ H$aZo Ho$ {bE gh_V h Am & (ii) XoZXmam| go < 18,500 m V h E VWm g ` go 10% A{YH$ m V h E & (iii) H$Zd Zo 40% Q>m H$ H$mo nw VH$ _y ` go 20% H$_ na bo {b`m & eof Q>m H$ H$mo 10% Ho$ bm^ na ~oMm J`m & (iv) H$Zd < 12,000 Ho$ nm[al{_H$ na {dKQ>Z Ho$ C maXm{` d H$mo nyam H$aZo Ho$ {bE VWm dgybr ``m| H$mo dhZ H$aZo Ho$ {bE gh_V hmo J`m & dgybr na dm V{dH$ `` < 8,000 Wo & dgybr ImVm V `ma H$s{OE & 67/2/1 11 6 P.T.O. Ashish and Kanav were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2018 their Balance Sheet was as follows : Balance Sheet of Ashish and Kanav as at 31st March, 2018 Amount Liabilities < Assets Amount < Trade Creditors 42,000 Bank 35,000 Employees Provident Fund 60,000 Stock 24,000 Mrs. Ashish s Loan Kanav s Loan Workmen s Compensation Fund Investment Fluctuation Reserve 9,000 Debtors 19,000 35,000 Furniture 40,000 20,000 Plant 4,000 Investments Profit and Loss Account Capital : Ashish 1,20,000 Kanav 80,000 2,10,000 32,000 10,000 2,00,000 3,70,000 3,70,000 On the above date they decided to dissolve the firm. (i) Ashish agreed to take over furniture at < 38,000 and pay off Mrs. Ashish s loan. (ii) Debtors realised < 18,500 and plant realised 10% more. (iii) Kanav took over 40% of the stock at 20% less than the book value. Remaining stock was sold at a gain of 10%. (iv) Trade creditors took over investments in full settlement. (v) Kanav agreed to take over the responsibility of completing dissolution at an agreed remuneration of < 12,000 and to bear realization expenses. Actual expenses of realization amounted to < 8,000. Prepare Revaluation Account. 67/2/1 12 15. ZdrZ, H$m{Xa VWm amOoe gmPoXma Wo VWm C mamI S> _| Bbo Q >m{ ZH$ gm_mZ H$m `dgm` H$aVo Wo & gmPoXmar ImVo V `ma VWm ~ X H$aZo Ho$ n MmV `h nVm Mbm {H$ 31 _mM , 2017 VWm 2018 H$mo g_m V h E dfm] Ho$ {bE gmPoXmam| H$s ny Or na 6% {V df `mO bJm`m J`m, O~{H$ gmPoXmar g boI _| ny Or na `mO Ho$ {bE H$moB mdYmZ Zht Wm & BgHo$ {dnarV, ZdrZ VWm H$m{Xa H $_e: < 3,500 VWm < 4,000 _m{gH$ doVZ Ho$ h H$Xma Wo, {OgH$m g kmZ Zht {b`m J`m & CZH$s Wm`r ny {O`m H $_e: < 4,00,000, < 3,60,000 VWm < 2,40,000 Wt & {nN>bo Xmo dfm] _| C hm|Zo bm^-hm{Z H$mo {Z Z H$ma go ~m Q>m : df g_m{ V AZwnmV 31 _mM , 2017 3:2:1 31 _mM , 2018 5:3:2 Cn`w $ g_m`moOZm| Ho$ {bE 1 A b, 2018 H$mo \$_ H$s nw VH$m| _| Amd `H$ g_m`moOZ {dp Q> H$s{OE & AnZo H$m` H$mo n Q> Xem BE & $ AWdm 31 _mM , 2018 H$mo bm^m| VWm AmhaUm| Ho$ g_m`moOZ Ho$ n MmV A^ra, ~m ~r VWm {dZrV Ho$ ny Or ImVm| Ho$ eof H $_e: < 8,00,000, < 6,00,000 VWm < 4,00,000 Wo & ~mX _| `h nVm Mbm {H$ ny Or VWm AmhaU na `mO Zht bJm`m J`m & gmPoXmam| H$mo ny Or na 10% {V df `mO Xo` Wm VWm AmhaUm| na 6% {V df `mO bJmZm Wm & df _| A^ra Zo `oH$ _mh Ho$ A V _| < 20,000, ~m ~r Zo `oH$ AY df Ho$ Ama ^ _| < 50,000 VWm {dZrV Zo 31 A Qy>~a, 2017 H$mo < 1,00,000 H$m AmhaU {H$`m & 31 _mM , 2018 H$mo g_m V h E df _| ew bm^ < 1,50,000 Wm & bm^ {d^mOZ AZwnmV 2 : 2 : 1 Wm & Cn`w $ g_m`moOZm| Ho$ {bE \$_ H$s nw VH$m| _| Amd `H$ g_m`moOZ {dp Q> H$s{OE & AnZo H$m` H$mo ^r n > Xem BE & 6 6 Naveen, Qadir and Rajesh were partners doing an electronic goods business in Uttarakhand. After the accounts of partnership were drawn up and closed, it was discovered that interest on capital has been allowed to partners @ 6% p.a. for the years ending 31st March, 2017 and 2018, although there is no provision for interest on capital in the partnership deed. On the other hand, Naveen and Qadir were entitled to a salary of < 3,500 and < 4,000 per quarter respectively, which has not been taken into consideration. Their fixed capitals were < 4,00,000, < 3,60,000 and < 2,40,000 respectively. During the last two years they had shared the profits and losses as follows : Year Ended Ratio 31st March, 2017 3:2:1 st 31 March, 2018 5:3:2 Pass necessary adjusting entry for the above adjustments in the books of the firm on 1st April, 2018. Show your workings clearly. OR 67/2/1 13 P.T.O. On 31st March, 2018 the balance in the Capital Accounts of Abhir, Bobby and Vineet, after making adjustments for profits and drawings were < 8,00,000, < 6,00,000 and < 4,00,000 respectively. Subsequently, it was discovered that interest on capital and interest on drawings had been omitted. The partners were entitled to interest on capital @ 10% p.a. and were to be charged interest on drawings @ 6% p.a. The drawings during the year were : Abhir < 20,000 drawn at the end of each month, Bobby < 50,000 drawn at the beginning of every half year and Vineet < 1,00,000 withdrawn on 31st October, 2017. The net profit for the year ended 31st March, 2018 was < 1,50,000. The profit sharing ratio was 2 : 2 : 1. Pass necessary adjusting entry for the above adjustments in the books of the firm. Also, show your workings clearly. 16. S>oZ na {b{_Q>oS> Zo < 10 `oH$ Ho$ 2,00,000 g_Vm A em| H$mo < 20 {V A e Ho$ r{_`_ na {ZJ {_V H$aZo Ho$ {bE AmdoXZ Am_p V {H$E & am{e {Z Z H$ma go Xo` Wr : AmdoXZ na < 2 {V A e Am~ Q>Z na < 13 {V A e (< 10 r{_`_ g{hV) W_ `mMZm na < 7 {V A e (< 5 r{_`_ g{hV) Ap V_ `mMZm na < 8 {V A e (< 5 r{_`_ g{hV) 1,80,000 A em| Ho$ {bE AmdoXZ m V h E & g^r AmdoXH$m| H$mo A em| H$m Am~ Q>Z H$a {X`m J`m & 5,000 A em| Ho$ EH$ A eYmaH$, `moJoe, Zo Am~ Q>Z am{e Ho$ gmW AnZr nyar A e am{e H$m ^wJVmZ H$a {X`m & 7,000 A em| H$m EH$ A eYmaH$, {deof, Am~ Q>Z am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & BgHo$ n MmV W_ `mMZm _m Jr JB & {deof Zo Am~ Q>Z am{e H$m ^wJVmZ W_ `mMZm Ho$ gmW H$a {X`m & 2,000 A em| Ho$ A eYmaH$, g_`oe, Zo Ap V_ `mMZm H$m ^wJVmZ Zht {H$`m & g_`oe Ho$ A em| H$m haU Ap V_ `mMZm Ho$ Vwa V n MmV H$a {b`m J`m & haU {H$E JE A em| _| go 1,500 A em| H$m < 8 {V A e nyU X m nwZ:{ZJ _Z H$a {X`m J`m & Cn`w $ boZXoZm| Ho$ {bE S>oZ na {b{_Q>oS> H$s nw VH$m| _| Amd `H$ amo OZm_Mm {dp Q>`m H$s{OE & AWdm 67/2/1 14 8 Ho$ Eb EZ {b{_Q>oS> Zo < 10 `oH$ Ho$ 1,00,000 A em| H$mo < 2 {V A e Ho$ r{_`_ na {ZJ {_V H$aZo Ho$ {bE AmdoXZ Am_p V {H$E & am{e {Z Z H$ma go Xo` Wr : AmdoXZ na < 3 {V A e (< 1 r{_`_ g{hV) Am~ Q>Z na < 4 {V A e (< 1 r{_`_ g{hV) W_ `mMZm na < 3 {V A e X gar VWm Ap V_ `mMZm na eof am{e 1,90,000 A em| Ho$ {bE AmdoXZ m V h E & AmdoXH$m| H$mo {Z Z H$ma go Am~ Q>Z {H$`m J`m : AmdoXZ {H$E JE A em| H$s Am~ {Q>V {H$E JE A em| H$s loUr g `m g `m I 50,000 40,000 II 1,00,000 60,000 eof AmdoXZm| H$mo a H$a {X`m J`m & loUr I go g ~p YV EH$ A eYmaH$, a OV, {OgZo 2,500 A em| Ho$ {bE AmdoXZ {H$`m Wm, Am~ Q>Z VWm W_ `mMZm na Xo` am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & CgHo$ A em| H$m Vwa V haU H$a {b`m J`m & loUr II go g ~p YV, 3,000 A em| H$s EH$ A eYmaH$, ar_m, W_ VWm { Vr` `mMZm am{e H$m ^wJVmZ H$aZo _| Ag\$b ahr & CgHo$ A em| H$m ^r haU H$a {b`m J`m & BgHo$ n MmV 4,000 A em| H$m < 8 {V A e nyU X m nwZ:{ZJ _Z H$a {X`m J`m & Bg_| ar_m Ho$ haU {H$E JE g^r A e gp _{bV Wo & Cn`w $ boZXoZm o Ho$ {bE Ho$ Eb EZ {b{_Q>oS> H$s nw VH$m| _| Amd `H$ amo OZm_Mm {dp Q>`m H$s{OE & 8 Denspar Ltd. invited applications for issuing 2,00,000 equity shares of < 10 each at a premium of < 20 per share. The amount was payable as follows : On Application < 2 per share On Allotment < 13 per share (including < 10 premium) On First Call < 7 per share (including < 5 premium) On Final Call < 8 per share (including < 5 premium) Applications for 1,80,000 shares were received. Shares were allotted to all the applicants. Yogesh, a shareholder holding 5,000 shares paid his 67/2/1 15 P.T.O. entire share money along with the allotment money. Vishesh, a holder of 7,000 shares, failed to pay the allotment money. Afterwards the first call was made. Vishesh paid the allotment money along with the first call money. Samyesh, holding 2,000 shares did not pay the final call. Samyesh s shares were forfeited immediately after the final call. Out of the forfeited shares, 1,500 shares were reissued at < 8 per share fully paid up. Pass the necessary journal entries for the above transactions in the books of Denspar Ltd. OR KLN Ltd. invited applications for issuing 1,00,000 shares of < 10 each at a premium of < 2 per share. The amount was payable as follows : On Application < 3 per share (including premium < 1) On Allotment < 4 per share (including premium < 1) On First call < 3 per share On Second and Final Call Balance amount Application for 1,90,000 shares were received. Allotment was made to the applicants as follows : Category I II No. of Shares Applied 50,000 1,00,000 No. of Shares Allotted 40,000 60,000 Remaining applications were rejected. Rajat, a shareholder belonging to Category I who had applied for 2,500 shares, failed to pay the amount due on allotment and first call. His shares were immediately forfeited. Reema, a shareholder belonging to Category II who was holding 3,000 shares failed to pay the first call and second call money. Her shares were also forfeited. Afterwards 4,000 shares were reissued @ < 8 per share fully paid up. These included all the forfeited shares of Reema. Pass necessary journal entries for the above transactions in the books of KLN Ltd. 67/2/1 16 17. _mohZ, {dZ` VWm {Z `m EH$ \$_ _| gmPoXma Wo VWm H $_e bm^-hm{Z ~m Q>Vo Wo & 31 _mM , 2018 H$mo 31 _mM , 2018 H$mo Xo`VmE boZXma H$_ Mmar ^{d ` {Z{Y AmH$p _H$ g M` n yOr 1 6 Ho$ AZwnmV _| : _mohZ, {dZ` VWm {Z `m H$m p W{V {ddaU am{e am{e n[ag n{ m`m < < 48,000 1,70,000 30,000 1,20,000 1,00,000 90,000 VWm CZH$m p W{V {ddaU {Z Z H$ma go Wm : _mohZ {dZ` {Z `m 1 1 , 2 3 >~ H$ _| amoH$ S> m ` {~b nw VH$ G$U 63,000 KQ>m : g {X Y G$Um| Ho$ {bE mdYmZ 2,000 g ` > VWm _erZar ^y{_ VWm ^dZ 31,000 54,000 61,000 1,20,000 2,92,000 3,10,000 5,58,000 5,58,000 Cn`w $ {V{W H$mo _mohZ Zo AdH$me J hU {H$`m VWm `h gh_{V h B {H$ : (i) g ` VWm _erZar na 5% _y ` mg bJm`m OmEJm & (ii) EH$ nwamZm H$ `yQ>a {Ogo nyd _| An{b{IV H$a {X`m J`m Wm < 4,000 _| ~oMm J`m & (iii) < 3,000 Sy>~V G$U An{b{IV {H$E OmE Jo VWm XoZXmam| na Sy>~V Ed g {X Y G$Um| Ho$ {bE 5% H$m mdYmZ {H$`m OmEJm & (iv) \$_ H$s `m{V H$m _y `m H$Z < 1,80,000 {H$`m J`m VWm Bg_| go _mohZ H$m ^mJ CgHo$ ImVo _|, {dZ` VWm {Z `m Ho$ ImVm| Ho$ Zm_ _| IVm Zr H$aHo$, O_m {H$`m J`m & (v) ZB \$_ H$s ny Or < 90,000 {ZYm [aV H$s JB VWm p W{V AZwgma ZJX bmH$a AWdm ^wJVmZ H$aHo$ Amd `H$ g_m`moOZ {H$E JE & (vi) {dZ` VWm {Z `m ^{d ` Ho$ bm^ 3 : 2 Ho$ AZwnmV _| ~m Q>|Jo & nwZJ {R>V \$_ H$m nwZ_y `m H$Z ImVm, gmPoXmam| Ho$ ny Or ImVo VWm p W{V {ddaU V `ma H$s{OE & 8 AWdm 67/2/1 17 P.T.O. brZm VWm amo{hV EH$ \$_ _| gmPoXma h VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m Q>Vo h & 31 _mM , 2018 H$mo CZH$m p W{V {ddaU {Z Z H$ma go Wm : 31 _mM , 2018 H$mo am{e Xo`VmE < {d{dY boZXma Xo` {~b 80,000 gm_m ` g M` 50,000 n yOr 38,000 : brZm amo{hV 1,60,000 1,40,000 brZm VWm amo{hV H$m p W{V {ddaU am{e n[ag n{ m`m < amoH$ S> XoZXma 1,32,000 KQ>m : g {X Y G$Um| Ho$ {bE mdYmZ 2,000 Q>m H$ g ` VWm _erZar 1,30,000 1,46,000 1,50,000 3,00,000 4,68,000 4,68,000 {Z Z eVm] na Cn`w $ {V{W H$mo \$_ Ho$ bm^ Ho$ gmPoXma ~Zm`m J`m 42,000 1 d| 5 ^mJ Ho$ {bE _ZmoO H$mo EH$ Z`m : (i) _ZmoO AmZwnm{VH$ n yOr bm`m & gmW hr dh `m{V r{_`_ H$m AnZm ^mJ < 80,000 ZJX bm`m & (ii) gm_m ` g M` Ho$ 10% H$mo g {X Y G$Um| Ho$ {bE mdYmZ _| WmZm V[aV H$aZm Wm & (iii) H$m_Jma j{Vny{V H$m Xmdm < 40,000 H$m Wm & (iv) Q>m H$ H$m < 16,000 A{YH$ _y `m H$Z {H$`m J`m & (v) brZm, amo{hV VWm _ZmoO ^{d ` _| 5 : 3 : 2 Ho$ AZwnmV _| bm^ ~m Q>|Jo & nwZJ {R>V \$_ H$m nwZ_ y `m H$Z ImVm, gmPoXmam| Ho$ ny Or ImVo VWm p W{V {ddaU V `ma H$s{OE & 67/2/1 18 8 Mohan, Vinay and Nitya were partners in a firm sharing profits and 1 1 1 losses in the proportion of , and respectively. On 31st March, 2 3 6 2018, their Balance Sheet was as follows : Balance Sheet of Mohan, Vinay and Nitya as at 31st March, 2018 Amount Liabilities < Creditors Employees Provident Fund Contingency Reserve 1,20,000 Vinay 1,00,000 Nitya 90,000 < 48,000 Cash at Bank 31,000 1,70,000 Bills Receivable 54,000 30,000 Book Debts Capital : Mohan Amount Assets 63,000 Less : Provision for doubtful debts 2,000 61,000 Plant and Machinery 1,20,000 Land and Building 2,92,000 3,10,000 5,58,000 5,58,000 Mohan retired on the above date and it was agreed that : (i) Plant and machinery will be depreciated by 5%. (ii) An old computer previously written off was sold for < 4,000. (iii) Bad debts amounting to < 3,000 will be written off and a provision of 5% on debtors for bad and doubtful debts will be maintained. (iv) Goodwill of the firm was valued at < 1,80,000 and Mohan s share of the same was credited in his account by debiting Vinay s and Nitya s accounts. (v) The capital of the new firm was to be fixed at < 90,000 and necessary adjustments were to be made by bringing in or paying off cash as the case may be. (vi) Vinay and Nitya will share future profits in the ratio of 3 : 2. Prepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of the reconstituted firm. OR 67/2/1 19 P.T.O. Leena and Rohit are partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2018, their Balance Sheet was as follows : Balance Sheet of Leena and Rohit as at 31st March, 2018 Amount Liabilities < Amount Assets < Sundry Creditors 80,000 Cash Bills Payable 38,000 Debtors General Reserve Less : Provision 50,000 for doubtful debts 2,000 Capital : Leena 1,60,000 Rohit 1,40,000 42,000 1,32,000 1,30,000 Stock 1,46,000 Plant and Machinery 1,50,000 3,00,000 4,68,000 4,68,000 1 On the above date Manoj was admitted as a new partner for th share 5 in the profits of the firm on the following terms : (i) Manoj brought proportionate capital. He also brought his share of goodwill premium of < 80,000 in cash. (ii) 10% of the general reserve was to be transferred to provision for doubtful debts. (iii) Claim on account of workmen s compensation amounted to < 40,000. (iv) Stock was overvalued by < 16,000. (v) Leena, Rohit and Manoj will share future profits in the ratio of 5 : 3 : 2. Prepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of the reconstituted firm. 67/2/1 20 I S> I {dH$ n 1 ({d mr` {ddaUm| H$m {d bofU) PART B OPTION 1 (Analysis of Financial Statements) 18. amoH$ S> dmh {ddaU V `ma H$aVo g_` A{J _ amoH$ S> VWm V Vr` nj H$mo {XE JE G$Um| H$mo Amn {H$g H$ma H$s J{V{d{Y Ho$ A VJ V dJuH $V H$a|Jo ? 1 Under which type of activity will you classify Cash advances and loans made to third party while preparing Cash Flow Statement ? 19. amoH$ S> dmh {ddaU V `ma H$aZo Ho$ mW{_H$ C o ` H$m C boI H$s{OE & 1 State the primary objective of preparing Cash Flow Statement. 20. H$ nZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma EH$ H$ nZr Ho$ p W{V {ddaU _| {Z Z{b{IV _Xm| H$mo {H$Z _w ` erf H$m| Ed Cnerf H$m| Ho$ A VJ V Xem `m OmEJm ? (i) G$Un m| na A{O V VWm Xo` `mO (ii) IwXam Am Oma (iii) A{J _ `mMZmAm| na A{O V `mO (iv) AX m `mMZmAm| na Xo` `mO (v) `mnm[aH$ {M (Q >oS>_m g ) (vi) G$Un m| Ho$ emoYZ na r{_`_ (vii) g ` VWm _erZar (viii) noQ>o Q >g 4 AWdm {d mr` {ddaUm| Ho$ {d bofU H$s {H$ ht Mma gr_mAm| H$mo g jon _| g_PmBE & 67/2/1 21 4 P.T.O. Under which major headings and subheadings will the following items be presented in the Balance Sheet of a company as per Schedule III, Part I of the Companies Act, 2013 ? (i) Interest accrued and due on debentures (ii) Loose tools (iii) Accrued interest on calls in advance (iv) Interest due on calls in arrears (v) Trademarks (vi) Premium on redemption of debentures (vii) Plant and Machinery (viii) Patents OR Explain briefly any four limitations of Analysis of Financial Statements. 21. (i) (ii) {Z Z{b{IV gyMZm go `mO AmdaU AZwnmV H$s JUZm H$s{OE : `mO Ed H$a Ho$ ^wJVmZ Ho$ ~mX ew bm^ < 1,20,000; Am`H$a H$s Xa 15% G$Un < 1,00,000; < 1,00,000 H$m 12% ~ YH$ G$U & 40%; EH$ H$ nZr Ho$ nmg < 3,00,000 H$s Mmby n[ag n{ m`m VWm < 1,40,000 H$s Mmby Xo`VmE h & BgHo$ n MmV , BgZo < 20,000 H$m _mb CYma H $` {H$`m & _mb Ho$ H $` Ho$ n MmV Mmby AZwnmV H$s JUZm H$s{OE & AWdm EH$ H$ nZr H$m d[aV AZwnmV 1 : 1 h & H$maU g{hV C boI H$s{OE {H$ {Z Z{b{IV boZXoZ AZwnmV H$mo ~ T>mE Jo, KQ>mE Jo AWdm Cg_| H$moB n[adV Z Zht H$a|Jo : (i) < 10,000 Ho$ ~r_m r{_`_ H$m A{J _ ^wJVmZ {H$`m J`m & (ii) < 8,000 H$m _mb CYma H $` {H$`m J`m & (iii) < 1,00,000 Ho$ nyU ^wJVmZ g_Vm A e {ZJ {_V {H$E JE & (iv) < 5,00,000 Ho$ 9% G$Un m| H$m {ZJ _Z, {dH o$Vm H$mo _erZar Ho$ H $` Ho$ {bE {H$`m J`m & 67/2/1 22 4 4 (i) From the following information calculate Interest Coverage Ratio : Net profit after interest and tax < 1,20,000; Rate of income tax 40%; 15% debentures < 1,00,000; 12% Mortgage loan < 1,00,000. (ii) A company had Current Assets < 3,00,000 and Current Liabilities < 1,40,000. Afterwards, it purchased goods worth < 20,000 on credit. Calculate the Current Ratio after the purchase of goods. OR Quick ratio of a company is 1 : 1. State, with reason, whether the following transactions will increase, decrease or not change the ratio : (i) Paid insurance premium in advance < 10,000. (ii) Purchased goods on credit < 8,000. (iii) Issued fully paid equity shares of < 1,00,000. (iv) Issued 9% debentures of < 5,00,000 to the vendor for machinery purchased. 22. 31 _mM , 2017 VWm 31 _mM , 2018 H$mo g_m V dfm] Ho$ bm^-hm{Z {ddaU go CX Y V {Z Z{b{IV gyMZm go EH$ VwbZm _H$ bm^-hm{Z {ddaU V `ma H$s{OE : {ddaU 2017 18 2016 17 MmbZm| go AmJ_ Cn^moJ H$s JB gm_J r H$s Cn^moJ H$s JB gm_J r H$s bmJV H$m 300% bmJV H$m 200% Cn^moJ H$s JB gm_J r H$s bmJV < 2,40,000 < 2,00,000 A ` `` Cn^moJ H$s JB gm_J r H$s Cn^moJ H$s JB gm_J r H$s bmJV H$m 20% bmJV H$m 10% H$a Xa 50% 50% 4 From the information extracted from the Statement of Profit and Loss for the years ended 31st March, 2017 and 31st March, 2018, prepare a Comparative Statement of Profit and Loss : Particulars Revenue from operations Cost of materials consumed Other expenses Tax rate 67/2/1 2017 18 300% of cost of material consumed 2016 17 200% of cost of material consumed < 2,40,000 < 2,00,000 20% of cost of material consumed 50% 10% of cost of material consumed 50% 23 P.T.O. 23. 31 _mM , 2018 H$mo S>r.gr.E g. {b{_Q>oS> Ho$ {Z Z{b{IV p W{V {ddaU VWm A{V[a $ gyMZm go amoH$ S> dmh {ddaU V `ma H$s{OE : S>r.gr.E g. {b{_Q>oS> 31 _mM , 2018 H$m p W{V {ddaU ZmoQ> 31.3.2018 31.3.2017 {ddaU < < g . I g_Vm Ed Xo`VmE : 1. A eYmar$ {Z{Y`m : (A) A e ny Or (~) g M` Ed Am{Y ` 2. 21,00,000 1 4,00,000 5,00,000 2 8,00,000 5,00,000 1,50,000 1,00,000 76,000 56,000 44,26,000 32,56,000 27,00,000 20,00,000 8,00,000 7,00,000 89,000 78,000 8,00,000 4,00,000 37,000 78,000 44,26,000 32,56,000 AMb Xo`VmE : XrK H$mbrZ G$U 3. 30,00,000 Mmby Xo`VmE : (A) `mnma Xo` 3 (~) A nmd{Y mdYmZ Hw$b II 1. n[ag n{ m`m : AMb n[ag n{ m`m : Wm`r n[ag n{ m`m : (i) 4 _yV n[ag n{ m`m (ii) 2. A_yV n[ag n{ m`m Mmby n[ag n{ m`m : (A) Mmby {Zdoe (~) _mb-gyMr (g) amoH$ S> Ed amoH$ S> Vw ` Hw$b 67/2/1 24 6 ImVm| Ho$ ZmoQ >g : ZmoQ> {ddaU g . 1. g M` Ed Am{Y ` : (Am{Y ` AWm V bm^-hm{Z {ddaU H$m eof) 2. 3. 4. XrK H$mbrZ G$U 8% G$Un 31.3.2018 31.3.2017 < < 4,00,000 5,00,000 4,00,000 5,00,000 8,00,000 8,00,000 5,00,000 5,00,000 76,000 76,000 56,000 56,000 33,00,000 (6,00,000) 27,00,000 25,00,000 (5,00,000) 20,00,000 : A nmd{Y mdYmZ : H$a Ho$ {bE mdYmZ _yV n[ag n{ m`m : _erZar KQ>m : EH${ V (g {MV) _y ` mg A{V[a $ gyMZm : (i) (ii) df Ho$ Xm amZ < 8,00,000 bmJV H$s EH$ _erZ H$mo < 6,40,000 _| ~oM {X`m J`m {Og na < 3,20,000 H$m EH${ V (g {MV) _y ` mg Wm & G$Un m| H$m {ZJ _Z 1 A b, 2017 H$mo {H$`m J`m & From the following Balance Sheet of DCX Ltd. and the additional information as at 31st March, 2018 prepare a Cash Flow Statement : DCX Ltd. Balance Sheet as at 31st March, 2018 Note No. Particulars I Equity and Liabilities : 1. Shareholder s Funds : (a) Share Capital (b) Reserves and Surplus 2. Non-Current Liabilities : Long-term Borrowings 67/2/1 25 31.3.2018 31.3.2017 < < 1 30,00,000 4,00,000 21,00,000 5,00,000 2 8,00,000 5,00,000 P.T.O. Note No. Particulars 3. Current Liabilities : (a) Trade Payables (b) Short-term Provisions 3 Total II Assets : 1. Non-Current Assets : Fixed Assets : (i) Tangible Assets (ii) Intangible Assets 2. Current Assets : (a) Current Investments (b) Inventories (c) Cash and cash equivalents 4 Total 31.3.2018 31.3.2017 < < 1,50,000 76,000 44,26,000 1,00,000 56,000 32,56,000 27,00,000 8,00,000 20,00,000 7,00,000 89,000 8,00,000 37,000 44,26,000 78,000 4,00,000 78,000 32,56,000 Notes to Accounts : Note No. 1. 2. 3. 4. Particulars Reserves and Surplus : (Surplus i.e. Balance in the Statement of Profit and Loss) Long-term Borrowings : 8% Debentures Short-term Provisions : Provision for Tax Tangible Asset : Machinery Less : Accumulated Depreciation 31.3.2018 31.3.2017 < < 4,00,000 5,00,000 4,00,000 5,00,000 8,00,000 5,00,000 8,00,000 5,00,000 76,000 56,000 76,000 56,000 33,00,000 25,00,000 (6,00,000) (5,00,000) 27,00,000 20,00,000 Additional Information : (i) During the year a machinery costing < 8,00,000 on which accumulated depreciation was < 3,20,000 was sold for < 6,40,000. (ii) Debentures were issued on 1st April, 2017. 67/2/1 26 I S> I {dH$ n 2 (A{^H${b boIm H$Z) PART B OPTION 2 (Computerised Accounting) 18. JwUm| H$m `m AW h ? What is meant by attributes ? 1 19. hmS> do`a H$m `m AW h ? 1 What is meant by Hardware ? 20. 4 A{^H${b boIm H$Z Umbr H$s Mma gr_mE Xr{OE & Give four limitations of computerised accounting system. 21. boIm H$Z gyMZm Umbr H$s {H$ ht Xmo Cn- Um{b`m| H$mo g_PmBE & AWdm Xr JB Ad{Y Ho$ {bE Mmby no-amob (doVZ) Ho$ {bE H$Q>m {V`m| H$s JUZm H$aVo g_` `mZ _| aIo OmZo dmbo KQ>H$m| H$s gyMr Xr{OE & 4 4 Explain any two sub-systems of accounting information system. OR List the elements to be considered while calculating deductions for current payroll for a given period. 22. 23. Q> br _| ~ H$ g_mYmZ {ddaU ~ZmZo Ho$ MaUm| H$m C boI H$s{OE & AWdm g_J (H$ nmo{OQ>) ~Zm_ AUw (EQ>mo{_H$) JwUm| VWm ^ S>m[aV ~Zm_ `w n JwUm| H$mo g_PmBE & 4 State the steps to construct Bank Reconciliation Statements in Tally. OR Explain composite vs atomic attributes and stored vs derived attributes. 4 geV \$m _}qQ>J H$m `m AW h ? BgHo$ Xmo Cn`moJ VWm VrZ bm^ Xr{OE & 6 What is meant by conditional formatting ? Give its two uses and three benefits. 67/2/1 27 P.T.O.

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

Formatting page ...

 

  Print intermediate debugging step

Show debugging info


 


Tags : cbse, cbse papers, cbse sample papers, cbse books, portal for cbse india, cbse question bank, central board of secondary education, cbse question papers with answers, prelims preliminary exams, pre board exam papers, cbse model test papers, solved board question papers of cbse last year, previous years solved question papers, free online cbse solved question paper, cbse syllabus, india cbse board sample questions papers, last 10 years cbse papers, cbse question papers 2017, cbse guess sample questions papers, cbse important questions, specimen / mock papers 2018.  

© 2010 - 2025 ResPaper. Terms of ServiceContact Us Advertise with us

 

cbse12 chat