
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

CBSE Class 12 Board Exam 2019 : Accountancy (Series 5)

27 pages, 86 questions, 0 questions with responses, 0 total responses,

	cbse12	+Fave Message
	Profile Timeline Uploads Q & A

Home > cbse12 >

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

Formatting page ...

SET-1 H$moS> Z . Series BVM/5 Code No. amob Z . 67/5/1 narjmWu H$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 67/5/1 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$Z) PART A (Accounting for Not-for-Profit Organisations, Partnership Firms and Companies) 1. EH$ Abm^H$mar g JR>Z VrZ {d mr {ddaU V ma H$aVm h , {OZ | go EH$ Am VWm ImVm h & BgHo$ mam V ma {H$E OmZo dmbo Xmo A {d mr {ddaUm| Ho$ Zm Xr{OE & 1 AWdm Am VWm ImVm V ma H$aZo Ho$ AmYma H$m C oI H$s{OE & A not-for-profit organisation prepares three financial statements, one of which is the Income and Expenditure Account. Name the other two financial statements prepared by it. OR State the basis of preparing Income and Expenditure Account . 67/5/1 2 1 2. Eg, ~r VWm Oo EH$ $ Ho$ gmPoXma Wo & Q>r H$mo bm^ Ho$ 1 d| 5 ^mJ Ho$ {bE gmPoXmar $ 1 | gmPoXma Ho$ $n | doe {X m & Eg, ~r VWm Oo Ho$ mJ AZwnmV H$s JUZm H$s{OE & S, B and J were partners in a firm. T was admitted as a partner in the 1 partnership firm for th share of profits. Calculate the sacrificing ratio of 5 S, B and J. 3. EH$ gmPoXmar $ Ho$ {dKQ>Z Ho$ g dgybr ImVo | WmZm V[aV {d{dY n[ag n{ m m| H$m nw VH$ y < 2,00,000 Wm & BZ {d{dY n[ag n{ m m| Ho$ 50% H$mo gmPoXma H$ Zo 20% Ho$ ~ >o na bo {b m, eof g n{ m m| Ho$ 40% H$mo, bmJV go 30% Ho$ bm^ na ~oM {X m J m & eof H$m 5% A M{bV nm m J m VWm Cggo Hw$N> m V Zht h Am & eof n[ag n{ m m| H$mo EH$ boZXma Zo AnZo Xmdo Ho$ nyU {ZnQ>mZ | bo {b m & Cn`w V Ho$ {bE Amd H$ amo OZm Mm {dp Q> m H$s{OE & 1 At the time of dissolution of a partnership firm, the book value of sundry assets transferred to Realisation Account was < 2,00,000. 50% of these sundry assets were taken by partner A at 20% discount, 40% of remaining assets were sold at a profit of 30% on cost. 5% of the balance was found obsolete and realised nothing. The remaining assets were taken over by a creditor in full settlement of his claim. Pass necessary journal entries for the above. 4. 1 EH$ gmPoXmar $ Ho$ nwZJ R>Z na A{b{IV n[ag n{ m m| Ho$ {bE boIm H$Z {dp Q> Xr{OE & Give the accounting entry for unrecorded assets in case of reconstitution of a partnership firm. 5. Ama{jV ny Or H$m m AW h ? AWdm G$Un m| Ho$ emoYZ Ho$ {bE Cnb Y moVm| Ho$ Zm Xr{OE & 1 1 What is meant by Reserve Capital ? OR Name the sources that may be available for redemption of debentures. 67/5/1 3 P.T.O. 6. CZ Xmo p W{V m| H$m C oI H$s{OE {OZHo$ A VJ V gm m V: ny Or na mO {X m OmVm h & 1 AWdm O m eof Ho$ AmYma na Wm r ny Or ImVo VWm n[adV Zerb ny Or ImVo | A V^}X H$s{OE & 1 State the two situations under which interest on capital is generally provided. OR Distinguish between Fixed Capital Account and Fluctuating Capital Account on the basis of Credit Balance . 7. H$ nZr Ho$ map ^H$ m| H$mo An{b{IV H$aZo Ho$ A{V[a V {V^y{V r{ g M` Ho$ {H$ ht VrZ A ` C o m| H$m C oI H$s{OE & AWdm H$m n{ZH$ Am H$ S>m| H$m Cn moJ H$aVo h E H$ nZr A{Y{Z , 2013 H$s gyMr III Ho$ mdYmZm| Ho$ AZwgma EH$ H$ nZr go p W{V {ddaU | A e ny Or Xem BE & 3 3 State any three purposes other than writing off the preliminary expenses of the company for which Securities Premium Reserve can be utilised. OR Using imaginary figures, present the share capital of a company in its Balance Sheet according to the provisions of Schedule III of the Companies Act, 2013. 8. EH$ $ H$s m{V H$m y m H$Z {nN>bo VrZ dfm] Ho$ Am gV bm^ Ho$ Xmo dfm] Ho$ H $ ` na {H$ m OmZm Wm & bm^ {Z Z H$ma go Wo : 2014 15 : < 20,000 (< 5,000 Ho$ EH$ AgmYmaU bm^ g{hV) 2015 16 : < 40,000 (< 10,000 H$s EH$ AgmYmaU hm{Z Ho$ n MmV ) 2016 17 : < 40,000 m{V H$s JUZm H$s{OE & 67/5/1 4 3 The goodwill of a firm was to be valued at two years purchase of the average profits of the last three years. The profits were as under : 2014 15 : < 20,000 (including an abnormal gain of < 5,000) 2015 16 : < 40,000 (after charging an abnormal loss of < 10,000) 2016 17 : < 40,000 Calculate the amount of goodwill. 9. {Z Z{b{IV gyMZm go 31.3.2018 H$mo g m V df Ho$ {bE ^maV nmoQ > g b~ Ho$ Am - ImVo Ho$ O m | IVm Zr H$s OmZo dmbr M Xo H$s am{e H$s JUZm H$s{OE & df g mp V 31 mM , 2017 {ddaU < df g mp V 31 mM , 2018 < A{J M Xm 8,000 9,500 AX m M Xm 7,000 12,500 df | b~ H$mo < 1,20,000 M Xm m V h Am {Og | < 5,000 gp {bV Wo & 31 mM , 2017 H$mo g m V df Ho$ 3 From the following information, calculate the amount of subscription to be credited in the Income and Expenditure Account of Bharat Sports Club for the year ending 31.3.2018. For the year ended 31st March, 2017 For the year ended 31st March, 2018 < < Advance Subscription 8,000 9,500 Outstanding Subscription 7,000 12,500 Particulars During the year, the club received < 1,20,000 as subscription which included < 5,000 for the year ending 31st March, 2017. 67/5/1 5 P.T.O. 10. A b, 2011 H$mo EH$ ~ qH$J H$ nZr E g dmB O S> Zo < 100 oH$ Ho$ 25,000, 9% G$Un m| H$m {ZJ Z 5% Ho$ ~ >o na {H$ m {OZH$m emoYZ 10% Ho$ r{ na H$aZm h & BZ G$Un m| H$m emoYZ 31 mM , 2018 H$mo H$aZm Wm & H$ nZr Zo G$Un m| Ho$ emoYZ Ho$ {bE Amd H$ yZV G$Un emoYZ g M H$m g OZ VWm Amd H$ G$Un emoYZ {Zdoem| H$m H $ H$ nZr A{Y{Z , 2013 Ho$ mdYmZm| Ho$ AZwgma {H$ m & G$Un m| Ho$ emoYZ H$s Amd H$ amo OZm Mm {dp Q> m H$s{OE & 1 3 On 1st April, 2011, XYZ, a banking company issued 25,000, 9% Debentures of < 100 each at a discount of 5% redeemable at a premium of 10%. These debentures were redeemable on 31st March, 2018. The company created the necessary minimum amount of Debenture Redemption Reserve and purchased the required amount of debenture redemption investments as per the provisions of Companies Act, 2013. Pass necessary journal entries for redemption of debentures. 11. dr VWm Eg EH$ $ Ho$ gmPoXma h VWm bm^ | 1 5 5:3 Ho$ AZwnmV | bm^-hm{Z ~m Q>Vo h & C hm|Zo ^mJ Ho$ {bE Or H$mo EH$ Z m gmPoXma ~Zm m & Or AnZr ny Or Ho$ {bE < 20,000 VWm m{V r{ Ho$ AnZo ^mJ Ho$ {bE < 4,000 bm m & Amd H$ amo OZm Mm {dp Q> m Xr{OE (i) O~ m{V r{ H$s am{e H$mo `dgm` | aIm J m, VWm (ii) O~ m{V r{ H$s g nyU am{e H$m AmhaU H$a {b m J m & V and S are partners in a firm sharing profits and losses in the ratio of 1 th 5 : 3. They admitted G as a new partner for share of profits. G 5 brought < 20,000 as capital and < 4,000 as his share of goodwill premium. Give necessary journal entries. (i) when the amount of goodwill premium was retained in the business, and (ii) when the amount of goodwill premium was fully withdrawn. 67/5/1 6 4 12. H$, I VWm J EH$ $ Ho$ gmPoXma Wo & 31.3.2018 H$mo H$ H$s w hmo JB VWm Cg {XZ $ H$m p W{V {ddaU {Z Z{b{IV H$ma go Wm : 31.3.2018 H$mo H$, I VWm J H$m p W{V {ddaU am{e Xo`VmE n[ag n{ m`m < am{e < boZXma 7,000 ~ H$ | amoH$ S> 12,000 gm_m ` g M` 9,000 XoZXma 32,000 10,000 $ZuMa 30,000 bm Q> 40,000 EH$ d 8,000 H$m Jma j{Vny{V H$mof bm^-hm{Z ImVm ny Or 6,000 : H$ 40,000 I 30,000 J 20,000 90,000 1,22,000 1,22,000 H$ H$s w na `h nm m J m {H$ EH$ d H$m H$moB y Zht Wm, $ZuMa H$mo < 24,000 VH$ ZrMo bmZm Wm, bm Q> H$mo < 10,000 go H$ H$aZm Wm VWm H$m Jma j{Vny{V H$s < 7,000 H$s EH$ Xo Vm Wr & H$ H$s w na Cn`w V Ho$ {bE Amd H$ amo OZm Mm {dp Q> m H$s{OE & 67/5/1 7 4 P.T.O. A, B and C were partners in a firm. A died on 31.3.2018 and the Balance Sheet of the firm on that date was as under : Balance Sheet of A, B and C as at 31.3.2018 Amount Liabilities < Assets Amount < Creditors 7,000 Cash at Bank 12,000 General Reserve 9,000 Debtors 32,000 10,000 Furniture 30,000 Workmen s Compensation Fund Profit and Loss Account 6,000 Plant Capital : Patents A 40,000 B 30,000 C 20,000 40,000 8,000 90,000 1,22,000 1,22,000 On A s death it was found that patents were valueless, furniture was to be brought down to < 24,000, plant was to be reduced by < 10,000 and there was a liability of < 7,000 on account of workmen s compensation. Pass the necessary journal entries for the above at the time of A s death. 67/5/1 8 13. H$, I VWm J gmPoXma Wo & CZH$s Wm`r ny {O`m H $ e: < 60,000, < 40,000 VWm < 20,000 Wt & CZH$m bm^ {d^mOZ AZwnmV 2 : 2 : 1 Wm & gmPoXmar g boI Ho$ AZwgma C h| 5% {V df n yOr na mO Xo Wm & BgHo$ A{V[a V I H$mo < 1,500 {V mh doVZ Xo Wm & ny Or na mO bJmZo Ho$ n MmV na Vw ~ H$mo doVZ XoZo go nyd J H$mo bm^ H$m 5% H$ reZ Xo Wm & df Ho$ {bE $ H$m ew bm^ < 80,000 Wm {OgH$mo Cn`w V g m moOZ {H$E {~Zm gmPoXmam| Ho$ ny Or AZwnmV | ~m Q> {X m J m & AnZo H$m H$mo n Q> Xem Vo h E Amd H$ g m moOZ {dp Q> H$s{OE & AWdm Q>r VWm EZ EH$ $ Ho$ gmPoXma Wo & 31 mM , 2018 H$mo C hm|Zo E H$mo EH$ Z m gmPoXma ~ZmZo H$m {ZU {b m & 31 mM , 2018 H$mo Q>r VWm EZ H$m p W{V {ddaU {Z Z{b{IV H$ma go Wm : 31.3.2018 H$mo Q>r VWm EZ H$m p W{V {ddaU am{e Xo`VmE < boZXma 18,000 gm_m ` g M` ny Or n[ag n{ m`m 2,000 : Q>r 30,000 EZ 15,000 45,000 65,000 ~ H$ | amoH$ S> am{e < 1,000 XoZXma 40,000 Q>m H$ 6,000 $ZuMa 3,000 $shmo S> m nQ>u 6 15,000 65,000 do E H$mo {Z Z{b{IV eVm] na Z m gmPoXma ~ZmZo Ho$ {bE gh V h E : (i) E < 20,000 bm oJm, {Og | go < 4,500 H$mo CgH$m m{V r{ mZm Om oJm, {Ogo dgm | hr amoH$m Om oJm & (ii) E H$mo $ Ho$ bm^ H$m 1 ^mJ m V hmoJm & 4 (iii) XoZXmam| Ho$ 5% H$m g {X Y G$Um| Ho$ {bE EH$ mdYmZ ~ZoJm & (iv) $ZuMa H$m 5% go y mg {H$ m & (v) Q>m H$ H$m < 5,000 na nwZ y m H$Z {H$ m & nwZ y m H$Z ImVm, gmPoXmam| Ho$ ny Or ImVo VWm ZB \$_ H$m ma {^H$ p W{V {ddaU V ma H$s{OE & 67/5/1 9 6 P.T.O. A, B and C were partners. Their fixed capitals were < 60,000, < 40,000 and < 20,000 respectively. Their profit sharing ratio was 2 : 2 : 1. According to the partnership deed, they were entitled to interest on capital @ 5% p.a. In addition, B was also entitled to draw a salary of < 1,500 per month. C was entitled to a commission of 5% on the profits after charging the interest on capital, but before charging the salary payable to B. The net profits for the year, < 80,000, were distributed in the ratio of their capitals without providing for any of the above adjustments. Showing your workings clearly, pass the necessary adjustment entry. OR T and N were partners in a firm. On 31st March, 2018 they decided to admit M as a new partner. On 31st March, 2018 the Balance Sheet of T and N stood as follows : Balance Sheet of T and N as at 31.3.2018 Amount Liabilities < Creditors Assets 18,000 Cash at Bank General Reserve 2,000 Debtors Capital : Amount < 1,000 40,000 Stock 6,000 T 30,000 Furniture 3,000 N 15,000 45,000 Freehold Property 15,000 65,000 65,000 They agreed to admit M as a new partner subject to the following terms and conditions : (i) M will bring in < 20,000 of which < 4,500 will be treated as his share of goodwill premium to be retained in the business. 1 (ii) M will be entitled to th share of the profits in the firm. 4 (iii) A provision for doubtful debts was to be created at 5% on the debtors. (iv) Furniture was to be depreciated by 5%. (v) Stock was to be revalued at < 5,000. Prepare Revaluation Account, Partners Capital Accounts and Opening Balance Sheet of the new firm. 67/5/1 10 14. H$, I VWm J EH$ $ Ho$ gmPoXma Wo VWm 3 : 3 : 4 Ho$ AZwnmV | bm^-hm{Z ~m Q>Vo Wo & 1.4.2017 H$mo CZHo$ ny Or VWm Mmby ImVm| Ho$ eof {Z Z{b{IV H$ma Wo : ny Or ImVo Mmby ImVo < < H$ 4,00,000 O m 20,000 Zm I 5,00,000 O m 10,000 Zm J 6,00,000 O m 15,000 Zm CZHo$ gmPoXmar g boI | {Z Z{b{IV H$m mdYmZ Wm : (i) ny Or na 9% {V df mO (ii) H$ H$mo < 50,000 m{gH$ doVZ 1.1.2016 H$mo J Zo $ H$mo < 2,00,000 H$m EH$ G$U 6% dm{f H$ mO Xa na {X m & df | CZHo$ AmhaU : H$ < 40,000, I < 75,000 VWm J < 55,000 Wo & 1.1.2018 H$mo H$ Zo < 2,00,000 H$s A{V[a V ny Or H$m {Zdoe {H$ m & J Ho$ G$U na mO XoZo go nyd $ H$m ew bm^ < 4,00,000 Wm & 31.3.2018 H$mo g m V df Ho$ {bE $ H$m bm^-hm{Z {d{Z moOZ ImVm VWm gmPoXmam| Ho$ Mmby ImVo V ma H$s{OE & 6 A, B and C were partners in a firm sharing profits and losses in the ratio of 3 : 3 : 4. On 1.4.2017 the balances in their Capital and Current Accounts were as follows : Capital Accounts Current Accounts < < A 4,00,000 Cr. 20,000 Dr. B 5,00,000 Cr. 10,000 Dr. C 6,00,000 Cr. 15,000 Dr. Their partnership deed provided for the following : (i) Interest on Capital @ 9% p.a. (ii) Salary to A @ < 50,000 per quarter On 1.1.2016 C had given a loan of < 2,00,000 to the firm at 6% per annum interest. During the year their drawings were A < 40,000, B < 75,000 and C < 55,000. On 1.1.2018, A introduced further capital < 2,00,000. The net profit of the firm before allowing interest on C s loan was < 4,00,000. Prepare Profit and Loss Appropriation Account of the firm for the year ending 31.3.2018 and the Current Accounts of the partners. 67/5/1 11 P.T.O. 15. 31.3.2018 H$mo g m V df Ho$ {bE JwS> ho W b~ Ho$ ZJX boZXoZm| H$m gmam e {Z Z{b{IV H$ma h : am{e {ddaU < Amap ^H$ eof amoH$ S> 70,000 ~ H$ 3,00,000 : 2016 2017 40,000 2017 2018 3,75,000 2018 2019 20,000 m V M Xm {O Ho$ {bE XmZ 1,64,000 doe ew H$ 14,000 AmOrdZ gX Vm ew H$ 45,000 OX ar VWm doVZ 55,000 bm H$a {H$am m 11,000 E g dmB O S> {b{ Q>oS> Ho$ 9% G$Un m| | {Zdoe ho W n{ H$mE 2,40,000 5,000 Q>oeZar 12,500 ~r m r{ 6,760 Hw$[a a 800 {ZJ H$a 9,570 erZar H $ 38,000 nwamZo g mMma-n m| H$m {dH $ 300 ~ H$ eof na mO 1,740 amoH$ S> h Vo 43,000 Cn`w V gmam e go 31.3.2018 H$mo g m V df Ho$ {bE JwS> ho W b~ H$m m{ V Ed ^wJVmZ ImVm V ma H$s{OE & 67/5/1 12 6 Following is the summary of cash transactions of Good Health Club for the year ending 31.3.2018 : Amount Particulars < Opening Balance Cash 70,000 Bank 3,00,000 Subscriptions Received : 2016 2017 40,000 2017 2018 3,75,000 2018 2019 20,000 Donations for Gym 1,64,000 Admission Fees 14,000 Life Membership Fee 45,000 Wages and Salaries 55,000 Locker Rent 11,000 Invested in 9% debentures of XYZ Ltd. Health Journals 2,40,000 5,000 Stationery 12,500 Insurance Premium 6,760 Courier Charges 800 Municipal Taxes 9,570 Machinery Purchased 38,000 Sale of Old Newspapers 300 Interest on Bank Balance 1,740 Cash in Hand 43,000 From the above summary prepare a Receipts and Payments Account of Good Health Club for the year ending 31.3.2018. 67/5/1 13 P.T.O. 16. mBH$b, Oo gZ VWm Om Z EH$ \$_ _| gmPoXma Wo VWm 3 : 1 : 1 Ho$ AZwnmV | bm^ ~m Q>Vo Wo & 31 mM , 2017 H$mo C hm|Zo AnZr $ H$m {dKQ>Z H$aZo H$m {ZU {b m & Cg {V{W H$mo CZH$m p W{V {ddaU {Z Z H$ma Wm : 31.3.2017 H$mo am{e Xo`VmE < ~ H$ 11,500 G$U am{e n[ag n{ m m < boZXma ny Or mBH$b, Oo gZ VWm Om Z H$m p W{V {ddaU 6,000 48,400 XoZXma 3,500 KQ>m : g {X Y G$Um| Ho$ : mBH$b 50,000 {bE mdYmZ mnm[aH$ Q>m H$ Oo gZ Om Z 25,000 $ZuMa 14,000 2,400 16,000 2,000 {d{dY g n{ m m 89,000 46,000 1,04,000 34,000 1,04,000 h gh {V h B {H$ : (i) mBH$b < 2,600 | $ZuMa bo boJm VWm < 40,000 Ho$ XoZXma, < 34,400 | boJm VWm < 10,000 Ho$ boZXmam| H$m ^wJVmZ dh Bgr am{e na H$aoJm & (ii) Oo gZ gmao mnm[aH$ Q>m H$ H$mo < 14,000 | VWm A {d{dY g n{ m m H$mo < 28,800 | boJm (Omo nw VH$ y go 10% H$ Wm) & (iii) Om Z eof A {d{dY g n{ m m| H$mo nw VH$ y Ho$ H$m ^wJVmZ H$aZo H$m C maXm{ d {b m & (iv) 90% na boJm VWm CgZo G$U eof XoZXmam| H$mo EH$ G$U EH${ V H$aZo dmbr EoO|gr H$mo nw VH$s y Ho$ ~oM {X m J m & {dKQ>Z < 600 Wo, {OZH$m ^wJVmZ Om Z Zo {H$ m & dgybr ImVm, ~ H$ ImVm VWm gmPoXmam| Ho$ n yOr ImVo V ma H$s{OE & AWdm 67/5/1 14 50% na 8 EZ, Eg VWm ~r EH$ $ Ho$ gmPoXma Wo VWm H $ e: ~m Q>Vo Wo & 31 mM , 2017 H$mo 1 3 Ho$ AZwnmV | bm^-hm{Z : EZ, Eg VWm ~r H$m p W{V {ddaU am{e < ny Or : EZ d $ H$m p W{V {ddaU {Z Z{b{IV H$ma Wm 31.3.2017 H$mo Xo`VmE 1 1 , 2 6 n[ag n{ m m am{e < $shmo S> n[aga 40,000 30,000 erZar 30,000 30,000 $ZuMa 12,000 88,000 Q>m H$ 22,000 Xo {~b 12,000 gm m g M 12,000 {d{dY XoZXma 20,000 KQ>m : Sy>~V G$Um| Ho$ {bE mdYmZ 1,000 19,000 {d{dY boZXma 18,000 Eg ~r 28,000 amoH$ S> 1,30,000 7,000 1,30,000 Cn`w V {V{W H$mo ~r Zo dgm go AdH$me J hU {H$ m VWm gmPoXma {Z Z{b{IV Ho$ {bE gh V h E : (i) $shmo S> n[aga VWm Q>m H$ H$m y H $ e: 20% VWm 15% ~ T>m m Om oJm & (ii) erZar VWm $ZuMa na H $ e: 10% VWm 7% H$m y mg bJm m Om oJm & (iii) Sy>~V G$Um| na mdYmZ H$mo < 1,500 ~ T>m m Om oJm & (iv) ~r Ho$ AdH$me J hU H$aZo na $ H$s m{V H$m y m H$Z < 21,000 {H$ m J m & (v) $ H$mo Mmby aIZo dmbo gmPoXmam| Zo ~r Ho$ AdH$me J hU H$aZo Ho$ n MmV ny Or H$mo AnZo Z o bm^ {d^mOZ AZwnmV _| g m mo{OV H$aZo H$m {ZU {b m & CZHo$ ny Or ImVo | Am{Y AWdm H$ r, `{X H$moB h , H$mo CZHo$ Mmby ImVm| Ho$ m go g_m mo{OV {H$ m Om oJm & 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 & 67/5/1 15 8 P.T.O. Michael, Jackson and John were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 31st March, 2017, they decided to dissolve their firm. On that date their Balance Sheet was as follows : Balance Sheet of Michael, Jackson and John as at 31.3.2017 Amount Liabilities < Creditors Amount Assets < 11,500 Bank Loan 3,500 Debtors Capital : 6,000 48,400 Less : Provision for Doubtful Debts 2,400 46,000 16,000 Michael 50,000 Stock in Trade Jackson 25,000 Furniture John 14,000 89,000 Sundry Assets 1,04,000 2,000 34,000 1,04,000 It was agreed that : (i) Michael was to take over Furniture at < 2,600 and Debtors amounting to < 40,000 at < 34,400 and the Creditors of < 10,000 were to be paid by him at this figure. (ii) Jackson was to take over all the stock in trade at < 14,000 and some of the other Sundry Assets at < 28,800 (being 10% less than book value). (iii) John was to take over the remaining Sundry Assets at 90% of the book value and assumed the responsibility for the discharge of the loan. (iv) The remaining debtors were sold to a debt collecting agency for 50% of the book value. The expenses of dissolution < 600 were paid by John. Prepare Realisation Account, Bank Account and Partners Capital Accounts. OR 67/5/1 16 N, S and B were partners in a firm sharing profits and losses in 1 1 1 proportion of , and respectively. The Balance Sheet of the firm as 2 6 3 at 31st March, 2017 was as follows : Balance Sheet of N, S and B as at 31.3.2017 Amount Liabilities < Capital : Assets Amount < Freehold Premises 40,000 N 30,000 Machinery 30,000 S 30,000 Furniture 12,000 B 28,000 88,000 Stock Bills Payable 12,000 Sundry Debtors 20,000 General Reserve Less : Provision for 12,000 Bad Debts 1,000 Sundry Creditors 18,000 Cash 1,30,000 22,000 19,000 7,000 1,30,000 B retired from the business on the above date and the partners agreed to the following : (i) Freehold premises and stock were to be appreciated by 20% and 15% respectively. (ii) Machinery and furniture were to be depreciated by 10% and 7% respectively. (iii) Provision for bad debts was to be increased by < 1,500. (iv) On B s retirement goodwill of the firm was valued at < 21,000. (v) The continuing partners decided to adjust their capitals in their new profit-sharing ratio after retirement of B. Surplus/deficit, if any, in their capital accounts was to be adjusted through their current accounts. Prepare Realisation Account, Partners Capital Accounts and the Balance Sheet of the reconstituted firm. 67/5/1 17 P.T.O. 17. am b {b{ Q>oS> Zo < 10 oH$ Ho$ 2,00,000 g Vm A em| H$mo 25% r{ na, Omo AmdoXZ Ho$ gmW Xo Wm, {ZJ { V H$aZo H$m {ZU {b m & 4,50,000 A em| Ho$ {bE AmdoXZ m V h E & 1,00,000 A em| Ho$ {bE AmdoXZm| H$mo a H$a {X m J m VWm AmdoXZ am{e dmng H$a Xr JB & eof AmdoXH$m| H$mo AmZwnm{VH$ AmYma na Am~ Q>Z {H$ m J m & {V A e am{e H$m ^wJVmZ {Z Z{b{IV H$ma go H$aZm Wm : AmdoXZ na : < 4 {V A e ( r{ g{hV) Am~ Q>Z na : < 3 50 {V A e W VWm Ap V mMZm na : eof AmdoXZ na m V A{V[a V am{e H$m g m moOZ Am~ Q>Z na Xo am{e | H$a {b m J m & Am~ Q>Z na Xo am{e go A{V[a V AmdoXZ am{e, {X H$moB Wr, H$mo dmng H$a {X m J m & aKw, {OgZo 7,000 A em| Ho$ {bE AmdoXZ {H$ m Wm, Zo Am~ Q>Z am{e H$m ^wJVmZ Zht {H$ m & Am~ Q>Z Ho$ Vwa V n MmV CgHo$ A em| H$m haU H$a {b m J m & BgHo$ n MmV W VWm Ap V mMZm m Jr JB & Z XZ, {OgZo 10,500 A em| Ho$ {bE AmdoXZ {H$ m Wm, Zo W VWm Ap V mMZm H$m ^wJVmZ Zht {H$ m & CgHo$ A em| H$m ^r haU H$a {b m J m & haU {H$E JE g^r A em| H$mo < 11 50 {V A e nyU X m rVm H$mo nwZ:{ZJ { V H$a {XE JE & am b {b{ Q>oS> H$s nw VH$m| | Cn`w V boZXoZm| Ho$ {bE Amd H$ amo OZm Mm {dp Q> m H$s{OE & AWdm gab {b{ Q>oS> Zo < 100 oH$ Ho$ 25,000 g Vm A em| H$mo g y na {ZJ { V H$aZo Ho$ {bE AmdoXZ Am p V {H$E & {V A e am{e H$m ^wJVmZ {Z Z{b{IV H$ma go Xo Wm : AmdoXZ na : < 20 {V A e Am~ Q>Z na : < 30 {V A e W_ `mMZm na : < 25 {V A e X gar VWm Ap V_ `mMZm na : < 25 {V A e 24,000 A em| Ho$ {bE AmdoXZ m V h E VWm g^r AmdoXH$m| H$mo A em| H$m Am~ Q>Z H$a {X m J m & g^r mMZmE m J br JB VWm {Z Z{b{IV H$ma go m V h B : 18,000 A em| na : nyU am{e 2,000 A em| na : < 75 {V A e 2,500 A em| na : < 50 {V A e 1,500 A em| na : < 20 {V A e H$ nZr Zo CZ A em| H$m haU H$a {b m {OZ na < 75 {V A e go H$ m V h E & haU {H$E JE A em| H$mo < 95 {V A e nyU X m nwZ:{ZJ { V H$a {X m J m & Cn`w V boZXoZm| Ho$ {bE H$ nZr H$s nw VH$m| | Amd H$ amo OZm Mm {dp Q> m H$s{OE & 67/5/1 18 8 8 Royal Ltd. invited applications for issuing 2,00,000 equity shares of < 10 each at a premium of 25% payable with application. Applications for 4,50,000 shares were received. Applications for 1,00,000 shares were rejected and money refunded. Pro-rata allotment was made to the remaining applicants. The amount per share was payable as follows : On Application : < 4 per share including premium On Allotment : < 3 50 per share Balance on 1st and Final Call. Excess application money received with applications was adjusted with sums due on allotment. Application money in excess of sums due on allotment, if any, was refunded. Raghu, who had applied for 7,000 shares failed to pay allotment money. His shares were forfeited immediately after allotment. Afterwards the first and final call was made. Nandan, who had applied for 10,500 shares, failed to pay the first and final call. His shares were also forfeited. All the forfeited shares were reissued at < 11 50 fully paid up, to Meeta. Pass necessary journal entries for the above transactions in the books of Royal Ltd. OR Saral Ltd. invited applications for issuing 25,000 equity shares of < 100 each at par. The amount per share was payable as follows : On Application : < 20 per share On Allotment : < 30 per share On First Call : < 25 per share On Second and Final Call : < 25 per share Applications were received for 24,000 shares and the shares were allotted to all the applicants. All calls were made and were received as follows : On 18,000 shares : Full amount On 2,000 shares : < 75 per share On 2,500 shares : < 50 per share On 1,500 shares : < 20 per share The company forfeited those shares on which less than < 75 per share were received. The forfeited shares were reissued at < 95 per share fully paid up. Pass necessary journal entries for the above transactions in the books of the company. 67/5/1 19 P.T.O. I S> I {dH$ n 1 ({d mr` {ddaUm| H$m {d bofU) PART B Option 1 (Analysis of Financial Statements) 18. MmbZ J{V{d{Y m| H$m m AW h ? What is meant by operating activities ? 1 19. H$mof dmh {ddaU V ma H$aZo Ho$ {H$ ht Xmo C o m| H$m C oI H$s{OE & 1 20. H$ nZr A{Y{Z , 2013 H$s gyMr III, ^mJ I Ho$ AZwgma H$ nZr Ho$ p W{V {ddaU _| {Z Z{b{IV Xm| H$mo {H$Z w erf H$m| d Cnerf H$m| Ho$ A VJ V Xem m OmEJm ? (i) ~ H$ A{Y{dH$f (ii) gp gS>r g M (iii) ny Or emoYZ g M` (iv) IXmZ A{YH$ma (v) EH$ d (vi) bm^-hm{Z {ddaU H$m Zm eof (vii) G$Un emoYZ g M (viii) H$a mdYmZ AWdm (i) {d mr ~ YH$, VWm (ii) C ~ YZ Ho$ {bE {d mr {d bofU Ho$ h d H$mo g jon | g PmBE & State any two objectives of preparing Cash Flow Statement . Under which major heads and sub-heads will the following items be presented in the Balance Sheet of the company as per Schedule III, Part I of the Companies Act, 2013 ? (i) Bank Overdraft (ii) Subsidy Reserve (iii) Capital Redemption Reserve (iv) Mining Rights (v) Patents (vi) Debit balance in the Statement of Profit and Loss (vii) Debenture Redemption Reserve (viii) Provision for Taxation OR Explain briefly the importance of financial analysis for (i) Financial Manager, and (ii) Top Management. 67/5/1 20 4 4 21. {Z Z{b{IV gyMZm go E g {b{ Q>oS> H$m VwbZm H$ p W{V {ddaU V ma H$s{OE {ddaU A e ny Or : 31.3.2017 31.3.2016 am{e am{e < < 25,00,000 25,00,000 6,00,000 10,00,000 16,00,000 15,00,000 5,00,000 4,50,000 Wm r n[ag n{ m m 35,00,000 25,00,000 {Zdoe (AMb) 10,50,000 15,00,000 6,50,000 14,50,000 g M Ed Am{Y XrKm d{Y CYma Mmby Xo VmE Mmby n[ag n{ m m 4 From the following information prepare Comparative Balance Sheet of X Ltd. : Particulars Share Capital 31-3-2016 Amount < < 25,00,000 25,00,000 Reserves and Surplus 6,00,000 10,00,000 Long-term Borrowings 16,00,000 15,00,000 5,00,000 4,50,000 Fixed Assets 35,00,000 25,00,000 Investments (Non-Current) 10,50,000 15,00,000 6,50,000 14,50,000 Current Liabilities Current Assets 67/5/1 31-3-2017 Amount 21 P.T.O. 22. hram {b{ Q>oS> H$s nw VH$m| go m V {Z Z{b{IV eofm| go dm{ d AZwnmV H$s JUZm H$s{OE : 4 < bm Q> VWm erZar 10,00,000 ^y{ VWm ^dZ 6,00,000 moQ>a H$ma 8,00,000 $ZuMa 1,50,000 Q>m H$ 4,50,000 XoZXma 90,000 ~ H$ | amoH$ S> 3,40,000 AMb Xo VmE 10,00,000 Mmby Xo VmE 6,20,000 AWdm h mZVo h E {H$ EH$ H$ nZr H$m G$U-g Vm AZwnmV 0 50 h , ~VmBE {H$ {Z Z{b{IV p W{V m| | h AZwnmV ~ T>oJm, KQ>oJm AWdm Bg | H$moB n[adV Z Zht hmoJm : (i) VrZ hrZo Ho$ CYma na Wm r n[ag n{ m m| H$m H $ (ii) Z o A em| H$m ZJX {ZJ Z (iii) erZar H$m H $ {H$ m VWm Amny{V H$Vm H$mo g Vm A em| H$m {ZJ Z H$aHo$ ^wJVmZ {H$ m (iv) 8% XrKm d{Y 67/5/1 G$U m V {H$ m 22 4 From the following balances obtained from the books of Heera Ltd. calculate proprietary ratio : < Plant and Machinery 10,00,000 Land and Building 6,00,000 Motor Car 8,00,000 Furniture 1,50,000 Stock 4,50,000 Debtors 90,000 Cash at Bank 3,40,000 Non-Current Liabilities 10,00,000 Current Liabilities 6,20,000 OR Assuming that the Debt to Equity ratio of a company is 0 50, state whether this ratio would increase, decrease or remain unchanged in the following cases : (i) Purchase of fixed assets on a credit of 3 months (ii) Issue of new shares for cash (iii) Purchased machinery and paid to the vendors by issue of equity shares (iv) 67/5/1 Obtained 8% long-term loan 23 P.T.O. 23. 31 _mM , 2018 H$mo H$s{OE E g {b{ Q>oS> Ho$ {Z Z{b{IV p W{V {ddaU go amoH$ S> dmh {ddaU V ma : 6 E g {b{_Q>oS 31.3.2018> H$m p W{V {ddaU ZmoQ> g . {ddaU I g_Vm Ed Xo`VmE : 1. < 5,60,000 3,80,000 1,82,000 2,08,000 1,82,000 14,000 28,000 12,32,000 9,52,000 3,92,000 2,80,000 (A) mbgyMr 1,26,000 1,82,000 (~) mnma m 6,30,000 4,20,000 84,000 70,000 12,32,000 9,52,000 1 Mmby Xo`VmE : (A) mnma Xo (~) A Mmby Xo VmE Hw$b 1. < 6,30,000 (~) g M` Ed Am{Y ` II 31.3.2017 A eYmar$ {Z{Y`m : (A) A e ny Or 2. 31.3.2018 n[ag n{ m`m : AMb n[ag n{ m`m : (A) Wm`r n[ag n{ m`m : (i) 2. 2 _yV n[ag n{ m`m Mmby n[ag n{ m`m : (g) amoH$ S> Ed amoH$ S> Vw Hw$b 67/5/1 24 ImVm| Ho$ ZmoQ >g : ZmoQ> {ddaU g . 1. g M` Ed Am{Y ` : bm^-hm{Z {ddaU | eof gm m g M 2. 31.3.2018 31.3.2017 < < _yV n[ag n{ m`m : _erZar bmJV EH${ V (g {MV) _y ` mg 2,00,000 1,80,000 1,00,000 82,000 3,80,000 1,82,000 4,50,000 (58,000) 3,60,000 (80,000) 3,92,000 2,80,000 A{V[a $ gyMZm : < 42,000 H$s EH$ nwamZr erZ H$mo {Og na EH${ V y mg < 28,000 Wm, < 56,000 | ~oMm J m & From the following Balance Sheet of Axe Ltd. as at 31st March, 2018, prepare a Cash Flow Statement : Axe Ltd. Balance Sheet as at 31.3.2018 Note No. Particulars 31.3.2018 31.3.2017 < < I Equity and Liabilities : 1. Shareholder s Funds : (a) Share Capital (b) Reserves and Surplus 1 6,30,000 5,60,000 3,80,000 1,82,000 2,08,000 1,82,000 14,000 28,000 12,32,000 9,52,000 2. Current Liabilities : (a) Trade Payables (b) Other Current Liabilities Total 67/5/1 25 P.T.O. Note No. Particulars 31.3.2018 31.3.2017 < < II Assets : 1. Non-Current Assets : (a) Fixed Assets : (i) Tangible Assets 2 3,92,000 2,80,000 (a) Inventories 1,26,000 1,82,000 (b) Trade Receivables 6,30,000 4,20,000 (c) Cash and Cash Equivalents 84,000 70,000 Total 12,32,000 9,52,000 2. Current Assets : Notes to Accounts : Note No. 1. Particulars Reserves and Surplus : Balance in the Statement of Profit and Loss 31.3.2017 < < 2,00,000 1,00,000 1,80,000 3,80,000 82,000 1,82,000 Tangible Assets : Machinery Cost 4,50,000 3,60,000 Accumulated Depreciation (58,000) (80,000) 3,92,000 2,80,000 General Reserve 2. 31.3.2018 Additional Information : An old machinery costing < 42,000, on which accumulated depreciation was < 28,000 was sold for < 56,000. 67/5/1 26 I S> I {dH$ n 2 (A{^H${b boIm H$Z) PART B Option 2 (Computerised Accounting) 18. mnX S> Om Mm| (noam rQ>a d ar O) H$m m AW h ? 1 What is meant by Parameter Queries ? 19. bo~b H$m m AW h ? What is meant by Label ? 1 20. J m $ H$m AW Xr{OE & BgHo$ VrZ bm^m| H$mo g PmBE & 4 Give the meaning of a Graph . Explain its three advantages. 21. Cn moJH$Vm mam EH$ M Z {H$E JE gd a S>oQ>m~og H$m A{YH$ y XoZo Ho$ Mma g ^m{dV bm^m| H$mo g PmBE & 4 AWdm mUH$ (dmCMa) H$m m AW h ? {d{^ H$ma Ho$ mUH$m| H$mo g PmBE & 4 Explain four advantages expected by the user for paying a high price for a chosen server database. OR What is meant by a voucher ? Explain different types of vouchers. 22. gr d eb VWm {Z m {ZH$ H$moS >g H$mo g PmBE & 4 AWdm Q> br | ~ H$ g mYmZ {ddaU V ma H$aZo Ho$ MaUm| H$m C oI H$s{OE & 4 Explain Sequential and Mnemonic codes. OR State the steps to construct Bank Reconciliation Statement in Tally. 23. geV $mo qQ>J H$m m AW h ? BgHo$ bm^m| H$mo g PmBE & 6 What is meant by Conditional Formatting ? Explain its benefits. 67/5/1 27 P.T.O.

Formatting page ...

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.

cbse12 chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: