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Sample Paper 3.. Marking Scheme

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21 views

Sample Paper 3.. Marking Scheme

Sample paper

Uploaded by

behepo7470
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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KENDRIYA VIDYALAYA SANGATHAN

PRACTICE SAMPLE PAPER


SESSION 2023-24

SUBJECT: ACCOUNTANCY (055) M.M.: 80


CLASS: XII TIME: 3 Hours

MARKING SCHEME

1. D
2. C
3. A OR D
4. B OR C
5. B
6. A OR A
7. B
8. D OR B
9. A
10. A
11. B
12. B
13. D
14. C OR B
15. B
16. B
17. P&L SUSPENSE A/C Dr. 15000
To UDIT’S CAPITAL A/C 15000
18. P – 69000 R- 41000 S- 30000
OR
BHARDWAJ’S CAPITAL A/C Dr. 1200
TO VISHWAMITRA’S CAPITAL A/C 1200
19. NUMBER OF DEBENTURES = 6000
OR
NUMBER OF SHARES = 100000
20. C’S CAPITAL A/C Dr. 26667
TO A’S CAPITAL A/C 26667
21. TOTAL SUBSCRIBED CAPITAL = 677000
22. LOSS ON REALISATION = 44000
23. CAPITAL RESERVE = 8000
OR
A. CAPITAL RESERVE = 4500

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B. CAPITAL RESERVE = 25000
24. REVALUATION LOSS – 550
CLOSING BALANCE OF PARTNER’S CAPITAL A/C
B – 60000
C – 60000
D – 30000
CASH BROUGHT BY C – 24220
CASH WITHDRWAN BY B – 1170
OR
Revaluation Profit – 100000
CLOSING BALANCE OF PARTNER’S CAPITAL A/C
Geeta – 172000
Sita – 86000
Amount due to Anita - 292000

25. AMOUNT DUE TO AKBAR’S EXECUTOR’S = 84733


26. LOSS ON ISSUE OF DEBETURES = 1000000
INTEREST ON DEBENTURES = 225000
27. C OR C
28. NO CHANGE
29. C OR A
30. D
31. HEADS SUB-HEADS
(i) CURRENT ASSET INVENTORY
(ii) NON CURRENT LIABILITY LONG TERM PROVISIONS
(iii) NON CURRENT LIABILITY LONG TERM PROVISIONS
(iv) CURRENT LIABILITY OTHER CURRENT LIABILITY
(v) NON CURRENT ASSETS LONG TERM LOANS AND ADVANCES
(vi) CURRENT ASSET SHORT TERM LOANS AND ADVANCES
32.

Particulars 2019-20 2018-19 Absolute % change


change

Revenue from Operations 60,00,000 45,00,000 150000 33.33

Expenses OR

Particulars A. Employee Note 30,00,000 20,00,000


Benefit 10,00,000 (%)
50 (%)
Expenses No. 31.03.2020 31.03.2021 31.03.2020 31.03.2021
I. B. Other expenses
EQUITY AND 15,00,000 10,00,000 5,00,000 50
LIABILITIES 45,00,000 30,00,000 15,00,000 50
Total Expenses
1. Shareholder’s Funds 4,00,000 2,00,000 50 50
2. Non-current Liabilities
Profit before tax 2,50,000 15,00,000
15,00,000 1,00,000
NIL 31.25_ 25
3. Currents Liabilities 1,50,000 1,00,000 18.75 25
Total Less tax 10,00,000
8,00,000 10,00,000 NIL
4,00,000 100 _ 100
Profit after tax 6,00,000 6,00,000 NIL _
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II. ASSETS
1. Non-current 5,00,000 2,50,000 62.5 62.5
assets
2. Current assets 3,00,000 1,50,000 37.5 37.5
Total 8,00,000 4,00,000 100 100

33. 42500 or ROI = 12.50% and NATR = 3 TIMES


34. CASH FLOW FROM OPERATING ACTIVITIES – 153000
CASH USED IN INVESTING ACTIVITIES – 288000
CASH FLOW FROM FINANCING ACTIVITIES - 170000

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