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SET – 2
ÛúÖê›ü ®ÖÓ.
Series : SSO/1/C Code No. 67/1/2

¯Ö¸üßõÖÖ£Öá ÛúÖê›ü ÛúÖê ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ Ûêú ´ÖãÜÖ-¯Öéšü
¸üÖê»Ö ®ÖÓ. ¯Ö¸ü †¾Ö¿µÖ ×»ÖÜÖë …
Roll No. Candidates must write the Code on
the title page of the answer-book.

• Ûéú¯ÖµÖÖ •ÖÖÑ“Ö Ûú¸ü »Öë ×Ûú ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë ´ÖãצüŸÖ ¯Öéšü 23 Æïü …
• ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë ¤üÖ×Æü®Öê ÆüÖ£Ö Ûúß †Öê¸ü פü‹ ÝÖ‹ ÛúÖê›ü ®Ö´²Ö¸ü ÛúÖê ”ûÖ¡Ö ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ Ûêú ´ÖãÜÖ-¯Öéšü ¯Ö¸ü ×»ÖÜÖë …
• Ûéú¯ÖµÖÖ •ÖÖÑ“Ö Ûú¸ü »Öë ×Ûú ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë 23 ¯ÖÏ¿®Ö Æïü …
• Ûéú¯ÖµÖÖ ¯ÖÏ¿®Ö ÛúÖ ˆ¢Ö¸ü ×»ÖÜÖ®ÖÖ ¿Öãºþ Ûú¸ü®Öê ÃÖê ¯ÖÆü»Öê, ¯ÖÏ¿®Ö ÛúÖ ÛÎú´ÖÖÓÛú †¾Ö¿µÖ ×»ÖÜÖë …
• ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ÛúÖê ¯ÖœÌü®Öê Ûêú ×»Ö‹ 15 ×´Ö®Ö™ü ÛúÖ ÃÖ´ÖµÖ ×¤üµÖÖ ÝÖµÖÖ Æîü … ¯ÖÏ¿®Ö-¯Ö¡Ö ÛúÖ ×¾ÖŸÖ¸üÞÖ ¯Öæ¾ÖÖÔÆü訅 ´Öë 10.15 ²Ö•Öê
×ÛúµÖÖ •ÖÖµÖêÝÖÖ … 10.15 ²Ö•Öê ÃÖê 10.30 ²Ö•Öê ŸÖÛú ”ûÖ¡Ö Ûêú¾Ö»Ö ¯ÖÏ¿®Ö-¯Ö¡Ö ÛúÖê ¯ÖœÌüëÝÖê †Öî¸ü ‡ÃÖ †¾Ö×¬Ö Ûêú ¤üÖî¸üÖ®Ö ¾Öê
ˆ¢Ö¸ü-¯Öã×ßÖÛúÖ ¯Ö¸ü ÛúÖê‡Ô ˆ¢Ö¸ü ®ÖÆüà ×»ÖÜÖëÝÖê …
• Please check that this question paper contains 23 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 minutes 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.

»ÖêÜÖÖ¿ÖÖáÖ
ACCOUNTANCY
×®Ö¬ÖÖÔ׸üŸÖ ÃÖ´ÖµÖ : 3 ‘ÖÓ™üê ] [ †×¬ÖÛúŸÖ´Ö †ÓÛú : 80
Time allowed : 3 hours ] [ Maximum Marks : 80
ÃÖÖ´ÖÖ®µÖ ×®Ö¤ìü¿Ö :
(i) µÖÆü ¯ÖÏ¿®Ö-¯Ö¡Ö ¤üÖê ³ÖÖÝÖÖë ´Öë ×¾Ö³ÖŒŸÖ Æîü – Ûú †Öî¸ü ÜÖ …
(ii) ³ÖÖÝÖ Ûú ÃÖ³Öß Ûêú ×»Ö‹ †×®Ö¾ÖÖµÖÔ Æîü …
(iii) ³ÖÖÝÖ ÜÖ Ûêú ¤üÖê ×¾ÖÛú»¯Ö Æïü – ×¾Ö¢ÖßµÖ ×¾Ö¾Ö¸üÞÖÖë ÛúÖ ×¾Ö¿»ÖêÂÖÞÖ ŸÖ£ÖÖ †×³ÖÛú×»Ö¡Ö »ÖêÜÖÖÓÛú®Ö …
(iv) ³ÖÖÝÖ ÜÖ ÃÖê Ûêú¾Ö»Ö ‹Ûú Æüß ×¾ÖÛú»¯Ö Ûêú ¯ÖÏ¿®ÖÖë Ûêú ˆ¢Ö¸ü ×»Ö×ÜÖ‹ …
(v) ×ÛúÃÖß ¯ÖÏ¿®Ö Ûêú ÃÖ³Öß ÜÖÞ›üÖë Ûêú ˆ¢Ö¸ü ‹Ûú Æüß Ã£ÖÖ®Ö ¯Ö¸ü ×»ÖÜÖê •ÖÖ®Öê “ÖÖ×Æü‹ …
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 Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
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³ÖÖÝÖ – Ûú
PART – A
(ÃÖÖ—Öê¤üÖ¸üß ±ú´ÖÖí ŸÖ£ÖÖ Ûú´¯Ö×®ÖµÖÖë Ûêú ×»Ö‹ »ÖêÜÖÖÓÛú®Ö)
(Accounting for Partnership Firms and Companies)

1. ×Ûú¿Ö®Ö, ®Öß»Ö´Ö ŸÖ£ÖÖ †Ö׿ִÖÖ ‹Ûú ±ú´ÖÔ Ûêú ÃÖÖ—Öê¤üÖ¸ü Æïü … ˆ®ÆüÖë®Öê †¯Ö®Öê ´ÖÛúÖ®Ö ´ÖÖ×»ÖÛú ¸üÆü´ÖÖ®Ö ÛúÖê ±ú´ÖÔ ´Öë
ÃÖÖ—Öê¤üÖ¸ü ²Ö®ÖÖµÖÖ … ¸üÆü´ÖÖ®Ö »ÖÖ³Ö Ûêú †¯Ö®Öê ³ÖÖÝÖ Ûêú ×»Ö‹ ¯ÖµÖÖÔ¯ŸÖ ¯ÖæÑ•Öß ŸÖ£ÖÖ ÜµÖÖ×ŸÖ Ûêú ×»Ö‹ ¯ÖÏß×´ÖµÖ´Ö Ûúß ¸üÖ׿Ö
»ÖÖµÖÖ … ÃÖÖ—Öê¤üÖ¸ü ²Ö®Ö®Öê ÃÖê ¯ÖÆü»Öê ¸üÆü´ÖÖ®Ö ®Öê ±ú´ÖÔ ÛúÖê 4% ¯ÖÏ×ŸÖ ¾ÖÂÖÔ ²µÖÖ•Ö Ûúß ¤ü¸ü ÃÖê ` 3,00,000 ÛúÖ ŠúÞÖ ×¤üµÖÖ
Æãü†Ö £ÖÖ … †²Ö ±ú´ÖÔ ÛúÖ »ÖêÜÖÖ¯ÖÖ»Ö ‡ÃÖ ²ÖÖŸÖ ¯Ö¸ü ²Ö»Ö ¤êü ¸üÆüÖ Æîü ×Ûú ŠúÞÖ ¯Ö¸ü 6% ¾ÖÖÙÂÖÛú Ûúß ¤ü¸ü ÃÖê ²µÖÖ•Ö ÛúÖ
³ÖãÝÖŸÖÖ®Ö ×ÛúµÖÖ •ÖÖµÖê … ŒµÖÖ ˆÃÖÛúÖ ‹êÃÖÖ Ûú¸ü®ÖÖ ÃÖÆüß Æîü ? †¯Ö®Öê ˆ¢Ö¸ü Ûêú ÃÖ´Ö£ÖÔ®Ö ´Öë ÛúÖ¸üÞÖ ¤üßו֋ … 1
Kishan, Neelam and Ashima are partners in a firm. They admitted Rehman their
landlord as a partner in the firm. Rehman brought sufficient amount of capital and
premium for goodwill for his share in the profits. Rehman had given a loan of
` 3,00,000 @ 4% p.a. interest to the firm before he became the partner. Now the
accountant of the firm is emphasizing that the interest on loan should be paid @ 6% p.a.
Is he right in doing so ? Give reason in support of your answer.

2 •Ö²Ö ®ÖµÖÖ ÃÖÖ—Öê¤üÖ¸ü ܵÖÖ×ŸÖ Ûêú ×»Ö‹ ¸üÖêÛú›Ìü »ÖÖŸÖÖ Æîü, ŸÖÖê ˆÃÖ ¸üÖ×¿Ö Ûúß ÜÖŸÖÖî®Öß ×ÛúÃÖ ÜÖÖŸÖê Ûêú •Ö´ÖÖ ´Öë Ûúß •ÖÖŸÖß Æîü ?
(Ûú) ¾ÖÃÖæ»Öß ÜÖÖŸÖÖ
(ÜÖ) ¸üÖêÛú›Ìü ÜÖÖŸÖÖ
(ÝÖ) ܵÖÖ×ŸÖ Ûêú ×»Ö‹ ¯ÖÏß×´ÖµÖ´Ö ÜÖÖŸÖÖ
(‘Ö) ¯Öã®Ö´ÖæÔ»µÖÖÓÛú®Ö ÜÖÖŸÖÖ 1

When the new partner brings cash for goodwill, the amount is credited to :
(a) Realisation Account
(b) Cash Account
(c) Premium for Goodwill Account
(d) Revaluation Account

3. ‘»ÖÖ³Ö-ÆüÖ×®Ö ×¾Ö×®ÖµÖÖê•Ö®Ö ÜÖÖŸÖê’ ŸÖ£ÖÖ ‘»ÖÖ³Ö-ÆüÖ×®Ö ˆ×“Ö®ŸÖ ÜÖÖŸÖê’ ´Öë †®ŸÖ³Öì¤ü Ûúßו֋ … 1
Differentiate between ‘Profit and Loss Appropriation Account’ and ‘Profit and Loss
Suspense Account’.

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4. ‹Ûú ÃÖÖ—Öê¤üÖ¸ü Ûêú †¾ÖÛúÖ¿Ö ÝÖÏÆüÞÖ Ûú¸ü®Öê ¯Ö¸,ü ¯Öã®Ö´ÖæÔ»µÖÖÓÛú®Ö ¯Ö¸ü »ÖÖ³Ö Ûúß ÜÖŸÖÖî®Öß ÜÖÖŸÖê¤üÖ¸üÖë Ûêú ÜÖÖŸÖÖë Ûêú •Ö´ÖÖ ´Öë Ûúß
•ÖÖµÖêÝÖß :
(Ûú) †¾ÖÛúÖ¿Ö ÝÖÏÆüÞÖ Ûú¸ü®Öê ¾ÖÖ»Öê ÃÖÖ—Öê¤üÖ¸ü Ûêú
(ÜÖ) ÃÖ³Öß ÃÖÖ—Öê¤üÖ¸üÖë Ûêú, ˆ®ÖÛêú ¯Öã¸üÖ®Öê »ÖÖ³Ö †®Öã¯ÖÖŸÖ ´Öë
(ÝÖ) ¿ÖêÂÖ ÃÖÖ—Öê¤üÖ¸üÖë Ûêú, ˆ®ÖÛêú ¯Öã¸üÖ®Öê »ÖÖ³Ö †®Öã¯ÖÖŸÖ ´Öë
(‘Ö) ¿ÖêÂÖ ÃÖÖ—Öê¤üÖ¸üÖë Ûêú, ˆ®ÖÛêú ®Ö‹ »ÖÖ³Ö †®Öã¯ÖÖŸÖ ´Öë 1
At the time of retirement of a partner, profit on revaluation will be credited to the capital
accounts of :
(a) Retiring Partner
(b) All partners, in the old profit sharing ratio
(c) The remaining partners in their old profit sharing ratio
(d) The remaining partners in their new profit sharing ratio.

5. ‹Ûú Ûú´¯Ö®Öß ‘ŠúÞÖ¯Ö¡Ö ¿ÖÖê¬Ö®Ö ÃÖÓ“ÖµÖ’ Ûú²Ö ²Ö®ÖÖŸÖß Æîü ? 1

When does a company create ‘Debenture Redemption Reserve’ ?

6. ‹Ûú Æü¸üÞÖ ×ÛúµÖê ÝÖµÖê †Ó¿Ö ÛúÖê : 1

(Ûú) ²Ö¼êü ¯Ö¸ü ¯Öã®Ö:×®ÖÝÖÔ×´ÖŸÖ ®ÖÆüà ×ÛúµÖÖ •ÖÖ ÃÖÛúŸÖÖ …
(ÜÖ) †×¬ÖÛúŸÖ´Ö 10% Ûêú ²Ö¼êü ¯Ö¸ü ¯Öã®Ö:×®ÖÝÖÔ×´ÖŸÖ ×ÛúµÖÖ •ÖÖ ÃÖÛúŸÖÖ Æîü …
(ÝÖ) †×¬ÖÛúŸÖ´Ö Æü¸üÞÖ Ûúß ÝÖ‡Ô ¸üÖ×¿Ö Ûêú ²Ö¸üÖ²Ö¸ü Ûêú ²Ö¼êü ¯Ö¸ü ¯Öã®Ö:×®ÖÝÖÔ×´ÖŸÖ ×ÛúµÖÖ •ÖÖ ÃÖÛúŸÖÖ Æîü …
(‘Ö) ˆ¯Ö¸üÖêŒŸÖ ´Öë ÃÖê ÛúÖê‡Ô ®ÖÆüà
A forfeited share can :
(a) not be re-issued at discount
(b) re-issued at a maximum discount of 10%
(c) be re-issued at a maximum discount equal to the amount forfeited.
(d) None of the above

7. 1 †¯ÖÏî»Ö, 2012 ÛúÖê ‹Û Ûú´¯Ö®Öß ®Öê ` 100 ¯ÖÏŸµÖêÛú Ûêú 2,000 8% ŠúÞÖ¯Ö¡ÖÖë ÛúÖ ×®ÖÝÖÔ´Ö®Ö ` 20 ¯ÖÏ×ŸÖ ŠúÞÖ¯Ö¡Ö Ûêú
¯ÖÏß×´ÖµÖ´Ö ¯Ö¸ü ×ÛúµÖÖ … ŠúÞÖ¯Ö¡ÖÖë ÛúÖ ¿ÖÖê¬Ö®Ö ` 20 ¯ÖÏ×ŸÖ ŠúÞÖ¯Ö¡Ö Ûêú ¯ÖÏß×´ÖµÖ´Ö ¯Ö¸ü Ûú¸ü®ÖÖ £ÖÖ … ×®ÖÝÖÔ´Ö®Ö Ûúß ¿ÖŸÖÖí Ûêú
†®ÖãÃÖÖ¸ü 31 ´ÖÖ“ÖÔ, 2014 ÃÖê ¯ÖÏÖ¸Óü³Ö Ûú¸üÛúê Ûú´¯Ö®Öß Ûúß ‡“”ûÖ®ÖãÃÖÖ¸ü ÜÖã»Öê ²ÖÖ•ÖÌÖ¸ü ÃÖê ÛÎúµÖ Ûú¸üÛúê †£Ö¾ÖÖ ›ÒüÖ Ûêú «üÖ¸üÖ
` 20,000 Ûêú ŠúÞÖ¯Ö¡ÖÖë ÛúÖ ¿ÖÖê¬Ö®Ö ¯ÖÏ×ŸÖ ¾ÖÂÖÔ Ûú¸ü®ÖÖ £ÖÖ …
31 ´ÖÖ“ÖÔ, 2014 ÛúÖê Ûú´¯Ö®Öß ®Öê ÜÖã»Öê ²ÖÖ•ÖÌÖ¸ü ÃÖê ¿ÖÖê¬Ö®Ö Ûú¸ü®Öê Ûêú ×»Ö‹ ` 16,000 Ûêú ŠúÞÖ¯Ö¡ÖÖë ÛúÖ ÛÎúµÖ ` 95 ¯ÖÏןÖ
ŠúÞÖ¯Ö¡Ö ŸÖ£ÖÖ ` 4,000 Ûêú ŠúÞÖ¯Ö¡ÖÖë ÛúÖ ÛÎúµÖ ` 90 ¯ÖÏ×ŸÖ ŠúÞÖ¯Ö¡Ö ×ÛúµÖÖ …
ŠúÞÖ¯Ö¡ÖÖë Ûêú ¿ÖÖê¬Ö®Ö Ûêú ×»Ö‹ ¸üÖê•Ö®ÖÖ´Ö“ÖÖ ¯ÖÏ×¾Ö×™üµÖÖÑ Ûúßו֋ … 3
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On 1st April, 2012, a company issued 2,000 8% debentures of ` 100 each at a premium
of ` 20 repayable at a premium of ` 20. The terms of issue provided for the redemption
of ` 20,000 debentures every year commencing from 31st March, 2014 either by
purchase from the open market or by draw of lots at the company’s option.
On 31st March, 2014, the company purchased for cancellation its own debentures of the
face value of ` 16,000 at ` 95 per debentures and of ` 4,000 at ` 90 per debenture.
Show the Journal Entries for redemption of debentures.

8. ×®Ö×¿ÖŸÖ †Öò™üÖê´ÖÖê²ÖÖ‡»Ö Ûú´¯Ö®Öß ³ÖÖ¸üŸÖ ´Öë Ûú´Ö »ÖÖÝÖŸÖ Ûúß ÛúÖ¸ëü ²Ö®ÖÖ®Öê ¾ÖÖ»Öß ˆŸ¯ÖÖ¤üÛú Ûú´¯Ö®Öß Æîü … ‡ÃÖÛêú ¯ÖÖÃÖ ÃÖÖ¸êü
¤êü¿Ö ´Öë ±îú»ÖÖ Æãü†Ö ‹Ûú ÃÖã¥üœüÌ ×¾ÖÛÎúµÖ ŸÖ£ÖÖ ×¾ÖŸÖ¸üÞÖ ®Öê™ü¾ÖÛÔú Æîü … µÖÆü ÛúÖ¸üÖë Ûêú ˆŸ¯ÖÖ¤ü®Ö Ûúß ×¾Ö׳֮®Ö ¯ÖÏ×ÛÎúµÖÖ†Öë ´Öë
¯ÖµÖÖÔ¾Ö¸üÞÖ ÃÖã¸üõÖÖ Ûêú ‰Ñú“Öê ´ÖÖ®Ö¤üÞ›ü †¯Ö®ÖÖŸÖß Æîü … Ûú´¯Ö®Öß Ûêú Ûú´ÖÔ“ÖÖ׸üµÖÖë Ûêú ²Ö““ÖÖë ÛúÖê ÝÖãÞÖ¾Ö¢ÖÖ¯ÖæÞÖÔ ×¿ÖõÖÖ ¯ÖϤüÖ®Ö
Ûú¸ü®Öê Ûêú ×»Ö‹ µÖÆü ‹Ûú ×¾ÖªÖ»ÖµÖ “Ö»ÖÖŸÖß Æîü ŸÖ£ÖÖ ¯ÖÏÖîœüÌÖë ÛúÖê ¯ÖœÌü®ÖÖ ŸÖ£ÖÖ ×»ÖÜÖ®ÖÖ ×ÃÖÜÖÖ®Öê ŸÖ£ÖÖ ¯ÖÏÖ£Ö×´ÖÛú ÃÖÖõÖ¸üŸÖÖ
¯ÖÏÖ¯ŸÖ Ûú¸ü®Öê ÆêüŸÖã ‹Ûú ‘¯ÖÏÖîœüÌ ×¿ÖõÖÖ Ûêú®¦’ü ÛúÖ ÃÖÓ“ÖÖ»Ö®Ö Ûú¸üŸÖß Æîü … Ûú´¯Ö®Öß ²ÖÆãüŸÖ †“”ûÖ ÛúÖµÖÔ Ûú¸ü ¸üÆüß Æîü ŸÖ£ÖÖ
³Ö×¾Ö嵅 ´Öë †¯Ö®Öê ˆŸ¯ÖÖ¤üÖë Ûúß ‰Ñú“Öß ´ÖÖÑÝÖ Ûúß ÃÖÓ³ÖÖ¾Ö®ÖÖ ¸üÜÖŸÖß Æîü … ‡ÃÖÛêú ×»Ö‹ ‡ÃÖ®Öê ˆ›üßÃÖÖ Ûêú ׯ֔û›üÌê õÖê¡Ö ´Öë ‹Ûú
®Ö‡Ô ˆŸ¯ÖÖ¤ü®Ö ‡ÛúÖ‡Ô Ã£ÖÖ×¯ÖŸÖ Ûú¸ü®Öê ÛúÖ ×®ÖÞÖÔµÖ ×»ÖµÖÖ ×•ÖÃÖÛêú «üÖ¸üÖ »ÖÖêÝÖÖë Ûêú ×»Ö‹ •Öß×¾ÖÛúÖ ÃÖé•Ö®Ö ×ÛúµÖÖ •ÖÖµÖêÝÖÖ,
×¾Ö¿ÖêÂÖŸÖ: ÝÖÏÖ´ÖßÞÖ õÖê¡ÖÖë Ûêú ÃÖ´ÖÖ•Ö Ûêú ÃÖã×¾Ö¬ÖÖ¾ÖÓ×“ÖŸÖ ¾ÖÝÖÔ Ûêú ×»Ö‹ … ×¾Ö¢Ö Ûúß †Ö¾Ö¿µÖÛúŸÖÖ ÛúÖê ¯Öæ¸üÖ Ûú¸ü®Öê Ûêú ×»Ö‹
ˆ®ÆüÖë®Öê ` 100 ¯ÖÏŸµÖêÛú Ûêú 70,000 ÃÖ´ÖŸÖÖ †Ó¿ÖÖë ÛúÖê ÃÖ´Ö´Öæ»µÖ ¯Ö¸ü ×®ÖÝÖÔ×´ÖŸÖ Ûú¸ü®Öê ŸÖ£ÖÖ ` 40 ¯ÖÏŸµÖêÛú Ûêú
60,000, 9% ŠúÞÖ¯Ö¡ÖÖë ÛúÖ ×®ÖÝÖÔ´Ö®Ö Ûú¸ü®Öê ÛúÖ ×®ÖÞÖÔµÖ ×»ÖµÖÖ …
Ûú´¯Ö®Öß Ûúß ¯ÖãßÖÛúÖë ´Öë †Ó¿ÖÖë ŸÖ£ÖÖ 9% ŠúÞÖ¯Ö¡ÖÖë Ûêú ×®ÖÝÖÔ´Ö®Ö Ûêú ×»Ö‹ †Ö¾Ö¿µÖÛú ¸üÖê•Ö®ÖÖ´Ö“ÖÖ ¯ÖÏ×¾Ö×™üµÖÖÑ ¤üßו֋
ŸÖ£ÖÖ ‹êÃÖê ×ÛúÃÖß ‹Ûú ´Öæ»µÖ Ûúß ¯ÖÆü“ÖÖ®Ö Ûúßו֋ וÖÃÖê Ûú´¯Ö®Öß ÃÖ´ÖÖ•Ö ÛúÖê ÃÖÓ¯ÖÏê×ÂÖŸÖ Ûú¸ü®ÖÖ “ÖÖÆüŸÖß Æîü … 3
Nishit Automobiles Co. is a manufacturer of low cost cars in India. It has a strong sales
and distribution network spread across the country. It follows high standards in
environmental safety in various processes of car manufacturing. It runs a school to
provide quality education to the children of employees of the company and an ‘Adult
Education Centre’ to help adults learn reading and writing and to acquire basic literacy.
The company is doing well and anticipates a higher demand for its products in the
future. For the same, it decides to set up a new manufacturing unit in a backward area of
Orissa creating livelihood for people, especially those from disadvantaged sections of
society in rural India. In order to raise fund requirements they decided to issue 70,000
equity shares of ` 100 each at par and 60,000, 9% Debentures of ` 40 each.
Pass necessary Journal Entries for the issue of shares and 9% debentures in the books of
the company and also identify any one value which the company wants to communicate
to the society.

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9. ‹Ûú ±ú´ÖÔ «üÖ¸üÖ †Ù•ÖŸÖ †ÖîÃÖŸÖ »ÖÖ³Ö ` 80,000 Æîü, וÖÃÖ´Öë †ÖîÃÖŸÖ †Ö¬ÖÖ¸ü ¯Ö¸ü †»¯Ö´Ö滵ÖÖÓ×ÛúŸÖ ` 8,000 ÛúÖ
ÙüÖòÛú ÃÖ×´´Ö×»ÖŸÖ Æîü … ¾µÖ¾ÖÃÖÖµÖ ´Öë ` 8,00,000 ÛúÖ ¯ÖæÑ•Öß ×®Ö¾Öê¿Ö Æîü ŸÖ£ÖÖ »ÖÖ³Ö Ûúß ÃÖÖ´ÖÖ®µÖ ¤ü¸ü 8% Æîü …
†×¬Ö»ÖÖ³Ö Ûêú ÃÖÖŸÖ ÝÖã®Öê Ûêú †Ö¬ÖÖ¸ü ¯Ö¸ü ±ú´ÖÔ Ûúß ÜµÖÖ×ŸÖ Ûúß ÝÖÞÖ®ÖÖ Ûúßו֋ … 3
The average profit earned by a firm is ` 80,000 which includes undervaluation of stock
of ` 8,000 on an average basis. The capital invested in the business is ` 8,00,000 and the
normal rate of return is 8%. Calculate goodwill of the firm on the basis of 7 times the
super profit.

10. ‹ê¿Ö¾ÖµÖÖÔ ×»Ö×´Ö™êü›ü ®Öê ` 1,000 ¯ÖÏŸµÖêÛú Ûêú 7,000, 10% ŠúÞÖ¯Ö¡ÖÖë ÛúÖ ×®ÖÝÖÔ´Ö®Ö 10% Ûêú ²Ö¼êü ¯Ö¸ü ×ÛúµÖÖ … ŠúÞÖ¯Ö¡ÖÖë
ÛúÖ ¿ÖÖê¬Ö®Ö “ÖÖ¸ü ¾ÖÂÖÖí Ûêú ¯Ö¿“ÖÖŸÖË 5% Ûêú ¯ÖÏß×´ÖµÖ´Ö ¯Ö¸ü Ûú¸ü®ÖÖ Æîü … ×®ÖÝÖÔ´Ö®Ö Ûúß ¿ÖŸÖÖí Ûêú †®ÖãÃÖÖ¸ü ` 300 †Ö¾Öê¤ü®Ö
¯Ö¸ü ŸÖ£ÖÖ ¿ÖêÂÖ ÛúÖ ³ÖãÝÖŸÖÖ®Ö ŠúÞÖ¯Ö¡ÖÖë Ûêú †Ö²ÖÓ™ü®Ö ¯Ö¸ü ¤êüµÖ £ÖÖ … 3
10% ŠúÞÖ¯Ö¡ÖÖë Ûêú ×®ÖÝÖÔ´Ö®Ö Ûêú ×»Ö‹ †Ö¾Ö¿µÖÛú ¸üÖê•Ö®ÖÖ´Ö“ÖÖ ¯ÖÏ×¾Ö×™üµÖÖÑ Ûúßו֋ …
Aishwarya Ltd. issued 7,000, 10% debentures of ` 1,000 each at a discount of 10%
redeemable at a premium of 5% after 4 years. According to the terms of issue ` 300 was
payable on application and balance on allotment of debentures.
Record necessary entries regarding issue of 10% debentures.

11. 31 ´ÖÖ“ÖÔ, 2014 ÛúÖê ¯Öæ•ÖÖ, Ûãú¸êü¿Öß ŸÖ£ÖÖ ¸üÖê•ÖÌ, •ÖÖê ‹Ûú ÃÖÖ—Öê¤üÖ¸üß ±ú´ÖÔ Ûêú ÃÖÖ—Öê¤üÖ¸ü £Öê, ÛúÖ ×ãÖ×ŸÖ ×¾Ö¾Ö¸üÞÖ ×®Ö´®Ö
¯ÖÏÛúÖ¸ü ÃÖê £ÖÖ :
31 ´ÖÖ“ÖÔ, 2014 ÛúÖ ×ãÖ×ŸÖ ×¾Ö¾Ö¸üÞÖ
¸üÖ×¿Ö ¸üÖ׿Ö
¤êüµÖŸÖÖ‹Ñ ÃÖ´¯Ö×¢ÖµÖÖÑ
`)
(` `)
(`
×¾Ö׳֮®Ö »Öê®Ö¤üÖ¸ü 2,50,000 ³Ö¾Ö®Ö 2,60,000
ÃÖÓ×“ÖŸÖ ×®Ö×¬Ö 2,00,000 ×®Ö¾Öê¿Ö 1,10,000
¯ÖæÑ•Öß : Ûãú¸êü¿Öß ÛúÖ ŠúÞÖ 1,00,000
¯Öæ•ÖÖ 1,50,000 ¤êü®Ö¤üÖ¸ü 1,50,000
Ûãú¸êü¿Öß 1,00,000 ÙüÖòÛú 1,20,000
¸üÖê•ÖÌ 1,00,000 3,50,000 ¸üÖêÛú›Ìü 60,000
8,00,000 8,00,000
1 •Öã»ÖÖ‡Ô, 2014 ÛúÖê Ûãú¸êü¿Öß ÛúÖ ×®Ö¬Ö®Ö ÆüÖê ÝÖµÖÖ … ÃÖÖ—Öê¤üÖ¸üÖë ÛúÖ »ÖÖ³Ö †®Öã¯ÖÖŸÖ 2 : 1 : 1 £ÖÖ … ×ÛúÃÖß ÃÖÖ—Öê¤üÖ¸ü Ûúß
´Ö韵Öã Ûêú ÃÖ´ÖµÖ ÃÖÖ—Öê¤üÖ¸üß ÃÖÓ»ÖêÜÖ ´Öë ×®Ö´®Ö ÛúÖ ¯ÖÏÖ¾Ö¬ÖÖ®Ö £ÖÖ :
(i) ´Ö韵Öã Ûúß ×ŸÖ×£Ö ‹Ûú ±ú´ÖÔ Ûêú »ÖÖ³Ö ´Öë ˆÃÖÛêú ³ÖÖÝÖ Ûúß ÝÖÞÖ®ÖÖ ×¯Ö”û»Öê ŸÖß®Ö ¾ÖÂÖÖí Ûêú †ÖîÃÖŸÖ »ÖÖ³Ö Ûêú †Ö¬ÖÖ¸ü
¯Ö¸ü Ûúß •ÖÖµÖêÝÖß …
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(ii) ±ú´ÖÔ Ûúß ÜµÖÖ×ŸÖ ÛúÖ ´Ö滵ÖÖÓÛú®Ö ׯ֔û»Öê ¤üÖê ¾ÖÂÖÖí Ûêú Ûãú»Ö »ÖÖ³Ö Ûêú †Ö¬ÖÖ¸ü ¯Ö¸ü ×ÛúµÖÖ •ÖÖµÖêÝÖÖ …
(iii) ±ú´ÖÔ «üÖ¸üÖ ×ÛúÃÖß ÃÖÖ—Öê¤üÖ¸ü ÛúÖê פüµÖê ÝÖµÖê ŠúÞÖ ¯Ö¸ü ²µÖÖ•Ö 6% ¯ÖÏ×ŸÖ ¾ÖÂÖÔ Ûúß ¤ü¸ü ÃÖê †£Ö¾ÖÖ ` 4,000 , •ÖÖê ³Öß
†×¬ÖÛú ÆüÖêÝÖÖ, »ÖÝÖÖµÖÖ •ÖÖµÖêÝÖÖ …
(iv) ׯ֔û»Öê ŸÖß®Ö ¾ÖÂÖÖí ÛúÖ »ÖÖ³Ö ` 45,000; ` 48,000 ŸÖ£ÖÖ ` 33,000 £ÖÖ …
ˆÃÖÛêú ×®Ö¯ÖÖ¤üÛúÖë ÛúÖê ¯ÖÏßÖãŸÖ Ûú¸ü®Öê ÆêüŸÖã Ûãú¸êü¿Öß ÛúÖ ¯ÖæÑ•Öß ÜÖÖŸÖÖ ŸÖîµÖÖ¸ü Ûúßו֋ … 4

On 31st March, 2014, the Balance Sheet of Pooja, Qureshi and Ross, who were
partners in a firm was as under :

Balance Sheet as on 31st March, 2014

Amount Amount
Liabilities Assets
`)
(` `)
(`

Sundry Creditors 2,50,000 Building 2,60,000

Reserve Fund 2,00,000 Investment 1,10,000

Capitals : Qureshi’s loan 1,00,000

Pooja 1,50,000 Debtors 1,50,000

Qureshi 1,00,000 Stock 1,20,000

Ross 1,00,000 3,50,000 Cash 60,000

8,00,000 8,00,000

Qureshi died on 1st July, 2014. The profit sharing ratio of the partners was 2 : 1 : 1. On
the death of a partner the partnership deed provided for the following :

(i) His share in the profits of the firm till the date of his death will be calculated on
the basis of average profit of last three completed years.

(ii) Goodwill of the firm will be calculated on the basis of total profit of last two
years.

(iii) Interest on loan given by the firm to a partner will be charged at the rate of 6% p.a.
or ` 4,000 whichever is more.

(iv) Profits for the last three years were ` 45,000; ` 48,000 and ` 33,000.

Prepare Qureshi’s Capital Account to be rendered to his executors.

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12. †Ö¿ÖÖ, ®Ö¾Öß®Ö ŸÖ£ÖÖ ¿ÖÖ×»Ö®Öß ‹Ûú ±ú´ÖÔ Ûêú ÃÖÖ—Öê¤üÖ¸ü £Öê ŸÖ£ÖÖ 5 : 3 : 2 Ûêú †®Öã¯ÖÖŸÖ ´Öë »ÖÖ³Ö ²ÖÖÑ™üŸÖê £Öê … ˆ®ÖÛúß
¯ÖãßÖÛúÖë ´Öë ` 80,000 Ûúß ÜµÖÖ×ŸÖ ŸÖ£ÖÖ ` 40,000 ÛúÖ ÃÖÖ´ÖÖ®µÖ ÃÖÓ“ÖµÖ ¤ü¿ÖÖÔµÖÖ ÝÖµÖÖ £ÖÖ … ®Ö¾Öß®Ö ®Öê ±ú´ÖÔ ÃÖê
†¾ÖÛúÖ¿Ö ÝÖÏÆüÞÖ Ûú¸ü®Öê ÛúÖ ×®ÖÞÖÔµÖ ×»ÖµÖÖ … ˆÃÖÛêú †¾ÖÛúÖ¿Ö ÝÖÏÆüÞÖ Ûú¸ü®Öê Ûúß ×ŸÖ×£Ö ¯Ö¸ü ±ú´ÖÔ Ûúß ÜµÖÖ×ŸÖ ÛúÖ
´Ö滵ÖÖÓÛú®Ö ` 1,20,000 ×ÛúµÖÖ ÝÖµÖÖ … †Ö¿ÖÖ ŸÖ£ÖÖ ¿ÖÖ×»Ö®Öß Ûêú ²Öß“Ö ®ÖµÖÖ »ÖÖ³Ö †®Öã¯ÖÖŸÖ 2 : 3 £ÖÖ …
®Ö¾Öß®Ö Ûêú †¾ÖÛúÖ¿Ö ÝÖÏÆüÞÖ Ûú¸ü®Öê ¯Ö¸ü †Ö¾Ö¿µÖÛú ¸üÖê•ÖÌ®ÖÖ´Ö“ÖÖ ¯ÖÏ×¾Ö×™üµÖÖÑ Ûúßו֋ … 4
Asha, Naveen and Shalini were partners in a firm sharing profits in the ratio of 5 : 3 : 2.
Goodwill appeared in their books at a value of ` 80,000 and General Reserve at
` 40,000. Naveen decided to retire from the firm. On the date of his retirement goodwill
of the firm was valued at ` 1,20,000. The new profit ratio decided among Asha and
Shalini is 2 : 3.
Record necessary Journal Entries on Naveen’s retirement.

13. ¯ÖÖ£ÖÔ ŸÖ£ÖÖ ×¿Ö×¾ÖÛúÖ ‹Ûú ±ú´ÖÔ ´Öë ÃÖÖ—Öê¤üÖ¸ü £Öê ŸÖ£ÖÖ 3 : 2 Ûêú †®Öã¯ÖÖŸÖ ´Öë »ÖÖ³Ö ²ÖÖÑ™üŸÖê £Öê … 31 ´ÖÖ“ÖÔ, 2014 ÛúÖê ±ú´ÖÔ
ÛúÖ ×ãÖ×ŸÖ ×¾Ö¾Ö¸üÞÖ ×®Ö´®Ö ¯ÖÏÛúÖ¸ü £ÖÖ :
¸üÖ×¿Ö ¸üÖ׿Ö
¤êüµÖŸÖÖ‹Ñ ÃÖ´¯Ö×¢ÖµÖÖÑ
`)
(` `)
(`
×¾Ö׳֮®Ö ü»Öê®Ö¤üÖ¸ü 80,000 ²ÖïÛú 1,72,000
׿Ö×¾ÖÛúÖ Ûúß ²ÖÆü®Ö ÛúÖ ŠúÞÖ 20,000 ¤êü®Ö¤üÖ¸ü 27,000
¯ÖæÑ•Öß : ÙüÖòÛú 50,000
¯ÖÖ£ÖÔ 1,75,000 ±ú®Öá“Ö¸ü 2,20,000
׿Ö×¾ÖÛúÖ 1,94,000 3,69,000
4,69,000 4,69,000
ˆ¯Ö¸üÖêŒŸÖ ×ŸÖ×£Ö ÛúÖê ±ú´ÖÔ ÛúÖ ×¾Ö‘Ö™ü®Ö ÆüÖê ÝÖµÖÖ … ÃÖ´¯Ö×¢ÖµÖÖë Ûúß ¾ÖÃÖæ»Öß ŸÖ£ÖÖ ¤êüµÖŸÖÖ†Öë ÛúÖ ³ÖãÝÖŸÖÖ®Ö ×®Ö´®Ö ¯ÖÏÛúÖ¸ü ÃÖê
×ÛúµÖÖ ÝÖµÖÖ :
(Ûú) ¯ÖÖ£ÖÔ ®Öê 50% ±ú®Öá“Ö¸ü ¯ÖãßÖÛúßµÖ ´Öæ»µÖ ÃÖê 20% Ûú´Ö ¯Ö¸ü »Öê ×»ÖµÖÖ … ¿ÖêÂÖ ±ú®Öá“Ö¸ü ÛúÖê ` 1,05,000 ¯Ö¸ü
²Öê“Ö ×¤üµÖÖ ÝÖµÖÖ …
(ÜÖ) »Öê®Ö¤üÖ¸üÖë ÃÖê ` 26,000 ¯ÖÏÖ¯ŸÖ Æãü‹ …
(ÝÖ) ׿Ö×¾ÖÛúÖ ®Öê ` 29,000 ´Öë ÙüÖòÛú »Öê ×»ÖµÖÖ …
(‘Ö) ׿Ö×¾ÖÛúÖ Ûúß ²ÖÆü®Ö Ûêú ŠúÞÖ ÛúÖ ³ÖãÝÖŸÖÖ®Ö ` 2,000 Ûêú ²µÖÖ•Ö Ûêú ÃÖÖ£Ö Ûú¸ü פüµÖÖ ÝÖµÖÖ …
(’û) ¾ÖÃÖæ»Öß ¾µÖµÖ ` 5,000 £Öê …
¾ÖÃÖæ»Öß ÜÖÖŸÖÖ, ÃÖÖ—Öê¤üÖ¸üÖë Ûêú ¯ÖæÑ•Öß ÜÖÖŸÖê ŸÖ£ÖÖ ²ÖïÛú ÜÖÖŸÖÖ ŸÖîµÖÖ¸ü Ûúßו֋ … 6

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Parth and Shivika were partners in a firm sharing profits in the ratio of 3 : 2. The
Balance Sheet of the firm on 31st March, 2014 was as follows :

Amount Amount
Liabilities Assets
`)
(` `)
(`

Sundry Creditors 80,000 Bank 1,72,000

Shivika’s sister’s loan 20,000 Debtors 27,000

Capitals : Stock 50,000

Parth 1,75,000 Furniture 2,20,000

Shivika 1,94,000 3,69,000

4,69,000 4,69,000

On the above date the firm was dissolved. The assets were realized and the liabilities
were paid off as follows :
(a) 50% of the furniture was taken over by Parth at 20% less than book value. The
remaining furniture was sold for ` 1,05,000.
(b) Debtors realized ` 26,000
(c) Stock was taken over by Shivika for ` 29,000.
(d) Shivika’s sister’s loan was paid off along with an interest of ` 2,000.
(e) Expenses on realization amounted to ` 5,000.
Prepare Realisation Account, Partner’s Capital Accounts and Bank Account.

14. »ÖÖ³Ö ŸÖ£ÖÖ †ÖÆü¸üÞÖ Ûêú ÃÖ´ÖÖµÖÖê•Ö®Ö Ûêú ¯Ö¿“ÖÖŸÖË 31 ´ÖÖ“ÖÔ, 2014 ÛúÖê ÃÖ¸üÖê•Ö, ´ÖÆêü®¦ü ŸÖ£ÖÖ ‰ú´Ö¸ü Ûêú ¯ÖæÑ•Öß ÜÖÖŸÖÖë ´Öë
ÛÎú´Ö¿Ö: ` 80,000, ` 60,000 ŸÖ£ÖÖ ` 40,000 ÛúÖ ¿ÖêÂÖ £ÖÖ … ‡ÃÖÛêú ¯Ö¿“ÖÖŸÖË µÖÆü ¯ÖŸÖÖ “Ö»ÖÖ ×Ûú ¯ÖæÑ•Öß ŸÖ£ÖÖ
†ÖÆü¸üÞÖ ¯Ö¸ü ²µÖÖ•Ö ®ÖÆüà »ÖÝÖÖµÖÖ ÝÖµÖÖ … 6
• 31 ´ÖÖ“ÖÔ, 2014 ÛúÖê ÃÖ´ÖÖ¯ŸÖ Æãü‹ ¾ÖÂÖÔ ´Öë »ÖÖ³Ö ` 80,000 £ÖÖ …
• ¾ÖÂÖÔ ´Öë ÃÖ¸üÖê•Ö ŸÖ£ÖÖ ´ÖÆêü®¦ü ¯ÖÏŸµÖêÛú ®Öê ²Ö¸üÖ²Ö¸ü ×Ûú¿ŸÖÖë ´Öë ¯ÖÏŸµÖêÛú ´ÖÖÆü Ûêú †®ŸÖ ´Öë Ûãú»Ö ` 24,000 ÛúÖ
†ÖÆü¸ÞÖü ×ÛúµÖÖ ŸÖ£ÖÖ ‰ú´Ö¸ü ®Öê Ûãú»Ö ` 36,000 ÛúÖ †ÖÆü¸üÞÖ ×ÛúµÖÖ …
• †ÖÆü¸üÞÖ ¯Ö¸ü ¯ÖÏ×ŸÖ ¾ÖÂÖÔ 5% Ûúß ¤ü¸ü ÃÖê ²µÖÖ•Ö »Öê®ÖÖ £ÖÖ ŸÖ£ÖÖ ¯ÖæÑ•Öß ¯Ö¸ü ¯ÖÏ×ŸÖ ¾ÖÂÖÔ 10% Ûúß ¤ü¸ü ÃÖê ²µÖÖ•Ö ¤êüµÖ
£ÖÖ …
• ÃÖÖ—Öê¤üÖ¸üÖë ÛúÖ »ÖÖ³Ö †®Öã¯ÖÖŸÖ 4 : 3 : 1 £ÖÖ …
†¯Ö®Öß ÛúÖµÖÔÛúÖ¸üß ÝÖÞÖ®ÖÖ†Öë ÛúÖê ïÖ™ü ¤ü¿ÖÖÔŸÖê Æãü‹ ‹Ûú †Ö¾Ö¿µÖÛú ¯Ö׸ü¿ÖÖê¬Ö®Ö ¯ÖÏ×¾Ö×™ü ¤üßו֋ …
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On March 31st, 2014, the balances in the capital accounts of Saroj, Mahinder and Umar
after making adjustments for profits and drawings etc. were ` 80,000, ` 60,000 and
` 40,000 respectively. Subsequently it was discovered that the interest on capital and
drawings has been omitted.
• The profit for the year ended 31st March, 2014 was ` 80,000.
• During the year Saroj and Mahinder each withdrew a sum of ` 24,000 in equal
installments in the end of each month and Umar withdrew ` 36,000.
• The interest on drawings was to be charged @ 5% p.a. and interest on capital was
to be allowed @ was 10% p.a.
• The profit sharing ratio among partners was 4 : 3 : 1
Showing your working clearly, pass the necessary rectifying entry.

15. . (Ûú) ®Öß“Öê ¤üß ÝÖ‡Ô ¸üÖê•Ö®ÖÖ´Ö“ÖÖ ¯ÖÏ×¾Ö×™üµÖÖë ´Öë ׸üŒŸÖ ãÖÖ®ÖÖë ÛúÖê ³Ö׸üµÖê : 6
ןÖ×£Ö ×¾Ö¾Ö¸üÞÖ ¯Öé. ®ÖÖ´Ö (``) •Ö´ÖÖ (``)
¯ÖæÑ•Öß ÜÖÖŸÖÖ ®ÖÖ´Ö _______
_____________________ ®ÖÖ´Ö _______
†Ó¿Ö Æü¸üÞÖ ÜÖÖŸÖê ÃÖê 3,000
†Ó¿Ö †Ö²ÖÓ™ü®Ö ÜÖÖŸÖê ÃÖê _______
¯ÖÏ£Ö´Ö µÖÖ“Ö®ÖÖ ÜÖÖŸÖê ÃÖê _______
(` 10 ¯ÖÏŸµÖêÛú Ûêú 1,000 †Ó¿ÖÖë ו֮Æëü ` 2 ¯ÖÏ×ŸÖ †Ó¿Ö
Ûêú †×¬Ö»ÖÖ³Ö ¯Ö¸ü ×®ÖÝÖÔ×´ÖŸÖ ×ÛúµÖÖ ÝÖµÖÖ £ÖÖ ŸÖ£ÖÖ ×•Ö®Ö
¯Ö¸ü ` 8 ¯ÖÏ×ŸÖ †Ó¿Ö ´ÖÖÑÝÖÖ ÝÖµÖÖ £ÖÖ (` 2 ¯ÖÏß×´ÖµÖ´Ö
ÃÖ×ÆüŸÖ) ÛúÖ ` 5 †Ö²ÖÓ™ü®Ö ¸üÖ×¿Ö ¯ÖÏß×´ÖµÖ´Ö ÃÖ×ÆüŸÖ ¯ÖÏןÖ
†Ó¿Ö ŸÖ£ÖÖ ` 2 ¯ÖÏ×ŸÖ †Ó¿Ö ¯ÖÏ£Ö´Ö µÖÖ“Ö®ÖÖ ÛúÖ ³ÖãÝÖŸÖÖ®Ö ®Ö
Ûú¸ü®Öê ¯Ö¸ü Æü¸üÞÖ)
²ÖïÛú ÜÖÖŸÖÖ ®ÖÖ´Ö 9,800
†Ó¿Ö ¯ÖæÑ•Öß ÜÖÖŸÖê ÃÖê _______
________________ ÃÖê _______
(` 14 ¯ÖÏ×ŸÖ †Ó¿Ö ¯ÖæÞÖÔ ¯ÖϤü¢Ö 700 †Ó¿ÖÖë ÛúÖ
¯Öã®Ö:×®ÖÝÖÔ´Ö®Ö)
†Ó¿Ö Æü¸üÞÖ ÜÖÖŸÖÖ ®ÖÖ´Ö _______
¯ÖæÑ•Öß ÃÖÓ“ÖµÖ ÜÖÖŸÖê ÃÖê _______
(Æü¸üÞÖ ×ÛúµÖê ÝÖµÖê †Ó¿ÖÖë Ûêú ¯Öã®Ö: ×®ÖÝÖÔ´Ö®Ö ¯Ö¸ü »ÖÖ³Ö ÛúÖ
¯ÖæÑ•Öß ÃÖÓ“ÖµÖ ÜÖÖŸÖê ´Öë ãÖÖ®ÖÖÓŸÖ¸üÞÖ)
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(ÜÖ) ®Öß“Öê ¤üß ÝÖ‡Ô ¸üÖê•Ö®ÖÖ´Ö“ÖÖ ¯ÖÏ×¾Ö×™üµÖÖë ´Öë ׸üŒŸÖ ãÖÖ®ÖÖë ÛúÖê ³Ö׸üµÖê :
ןÖ×£Ö ×¾Ö¾Ö¸üÞÖ ¯Öé. ®ÖÖ´Ö (``) •Ö´ÖÖ (``)
†Ó¿Ö ¯ÖæÑ•Öß ÜÖÖŸÖÖ ®ÖÖ´Ö 80,000
_______
†Ó¿Ö Æü¸üÞÖ ÜÖÖŸÖê ÃÖê _______
_____________ ÃÖê 30,000
†Ó¿Ö ¯ÖÏ£Ö´Ö µÖÖ“Ö®ÖÖ ÜÖÖŸÖê ÃÖê
(` 100 ¯ÖÏŸµÖêÛú Ûêú 1,000 †Ó¿ÖÖë ×•Ö®Ö ¯Ö¸ü ` 80 ¯ÖÏןÖ
†Ó¿Ö ´ÖÖÑÝÖÖ ÝÖµÖÖ £ÖÖ ŸÖ£ÖÖ ×•Ö®Æëü 10% Ûêú ²Ö¼êü ¯Ö¸ü
×®ÖÝÖÔ×´ÖŸÖ ×ÛúµÖÖ ÝÖµÖÖ ÛúÖê ` 30 ¯ÖÏ×ŸÖ †Ó¿Ö Ûúß ¯ÖÏ£Ö´Ö
µÖÖ“Ö®ÖÖ ¸üÖ×¿Ö ÛúÖ ³ÖãÝÖŸÖÖ®Ö ®Ö Ûú¸ü®Öê ¯Ö¸ü Æü¸üÞÖ ×ÛúµÖÖ
ÝÖµÖÖ …)
²ÖïÛú ÜÖÖŸÖÖ ®ÖÖ´Ö _______
_______________________ ®ÖÖ´Ö _______
†Ó¿Ö ¯ÖæÑ•Öß ÜÖÖŸÖê ÃÖê _______
(` 70 ¯ÖÏ×ŸÖ †Ó¿Ö Ûúß ¤ü¸ü ÃÖê ` 80 ¯ÖϤü¢Ö 400 †Ó¿ÖÖë
ÛúÖ ¯Öã®Ö:×®ÖÝÖÔ´Ö®Ö ×ÛúµÖÖ ÝÖµÖÖ …)
†Ó¿Ö Æü¸üÞÖ ÜÖÖŸÖÖ ®ÖÖ´Ö _______
¯ÖæÑ•Öß ÃÖÓ“ÖµÖ ÜÖÖŸÖê ÃÖê _______
(Æü¸üÞÖ ×ÛúµÖê ÝÖµÖê †Ó¿ÖÖë Ûêú ¯Öã®Ö:×®ÖÝÖÔ´Ö®Ö ¯Ö¸ü »ÖÖ³Ö ÛúÖê
¯ÖæÑ•Öß ÃÖÓ“ÖµÖ ÜÖÖŸÖê ´Öë ãÖÖ®ÖÖÓŸÖ׸üŸÖ ×ÛúµÖÖ ÝÖµÖÖ …)
(a) Fill in the blank spaces in the Journal Entries given below :
Date Particulars F Dr. (` `) `)
Cr. (`
Share Capital A/c. Dr. _______
_____________________ Dr. _______
To Share Forfeited A/c. 3,000
To Share Allotment A/c. _______
To Share First Call A/c. _______
(Being 1,000 shares of ` 10 each ` 8
called up issued at a premium of ` 2 per
share forfeited for non-payment of
allotment of ` 5 per share including
premium and first call of ` 2 per share)
Bank A/c. Dr. 9,800
To Share Capital A/c. _______
To _________________________ _______
(Being 700 shares reissued @ ` 14 per
share fully paid-up)
Share Forfeited A/c. Dr. _______
To Capital Reserve A/c. _______
(Being gain on reissue of forfeited shares
transferred to capital reserve)
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(b) Fill in the blanks spaces in the Journal Entries given below :
Date Particulars F `)
Dr. (` `)
Cr. (`
Share Capital A/c. Dr. 80,000
_______
To Share Forfeited A/c. _______
To ________________ 30,000
To Share First Call A/c.
(Being 1,000 shares of ` 100 each, ` 80
called up issued at a discount of 10%
forfeited for non-payment of first call of
` 30 per share)
Bank A/c. Dr. _______
_______________________ Dr. _______
To Share Capital A/c. _______
(Being 400 shares reissued at ` 70 per
share ` 80 paid-up)
Share Forfeited A/c. Dr. _______
To Capital Reserve A/c. _______
(Being gain on reissue of forfeited shares
transferred to capital reserve)

16. 31 ´ÖÖ“ÖÔ, 2014 ÛúÖê †Ö³ÖÖ ŸÖ£ÖÖ ×²Ö®ÖµÖ ÛúÖ ×ãÖ×ŸÖ ×¾Ö¾Ö¸üÞÖ ×®Ö´®Ö ¯ÖÏÛúÖ¸ü ÃÖê £ÖÖ : 8

¤êüµÖŸÖÖ‹Ñ ¸üÖ×¿Ö ÃÖ´¯Ö×¢ÖµÖÖÑ ¸üÖ׿Ö

`)
(` `)
(`
»Öê®Ö¤üÖ¸ü 13,000 ²ÖïÛú 15,000
Ûú´ÖÔ“ÖÖ¸üß ³Ö×¾ÖÂµÖ ×®Ö×¬Ö 8,000 ¤êü®Ö¤üÖ¸ü 22,000
Ûú´ÖÔ“ÖÖ¸üß õÖן֯ÖæÙŸÖ ×®Ö×¬Ö 15,000 ‘Ö™üÖ : ÃÖÓפüÝ¬Ö ŠúÞÖÖë Ûêú ×»Ö‹
¯ÖÏÖ¾Ö¬ÖÖ®Ö 1,000 21,000
¯ÖæÑ•Öß : ÙüÖòÛú 10,000
†Ö³ÖÖ 55,000 ÃÖÓµÖÓ¡Ö ‹¾ÖÓ ´Ö¿Öָ߮üß 60,000
×²Ö®ÖµÖ 30,000 85,000 ܵÖÖ×ŸÖ 10,000
»ÖÖ³Ö-ÆüÖ×®Ö ÜÖÖŸÖÖ 5,000
1,21,000 1,21,000
±ú´ÖÔ Ûêú »ÖÖ³ÖÖë ´Öë ¼ ³ÖÖÝÖ Ûêú ×»Ö‹ ד֡ÖÖ ÛúÖê ‹Ûú ÃÖÖ—Öê¤üÖ¸ü ²Ö®ÖÖµÖÖ ÝÖµÖÖ … µÖÆü ×®ÖÞÖÔµÖ ×»ÖµÖÖ ÝÖµÖÖ ×Ûú :
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(Ûú) ` 1,500 Ûêú ›æü²ÖŸÖ ŠúÞÖÖë ÛúÖ †¯Ö»ÖêÜÖ®Ö ×ÛúµÖÖ •ÖÖµÖêÝÖÖ …

(ÜÖ) ` 8,000 ÛúÖ Ã™üÖòÛú †Ö³ÖÖ ŸÖ£ÖÖ ×²Ö®ÖµÖ ®Öê ¯ÖãßÖÛú ´Öæ»µÖ ¯Ö¸ü †¯Ö®Öê »ÖÖ³Ö †®Öã¯ÖÖŸÖ ´Öë »Öê ×»ÖµÖÖ … ¿ÖêÂÖ Ã™üÖòÛú
ÛúÖ ´Ö滵ÖÖÓÛú®Ö ` 2,500 ×ÛúµÖÖ ÝÖµÖÖ …
(ÝÖ) ÃÖÓµÖÓ¡Ö ‹¾ÖÓ ´Ö¿Öָ߮üß ŸÖ£ÖÖ ÜµÖÖ×ŸÖ ÛúÖ ´Ö滵ÖÖÓÛú®Ö ÛÎú´Ö¿Ö: ` 32,000 ŸÖ£ÖÖ ` 20,000 ×ÛúµÖÖ ÝÖµÖÖ …
(‘Ö) ד֡ÖÖ ÜµÖÖ×ŸÖ ÛúÖ †¯Ö®ÖÖ ³ÖÖÝÖ ®ÖÛú¤ü »ÖÖ‡Ô …
(’û) ד֡ÖÖ †®Öã¯ÖÖןÖÛú ¯ÖæÑ•Öß »ÖÖµÖêÝÖß ŸÖ£ÖÖ †Ö³ÖÖ ŸÖ£ÖÖ ×²Ö®ÖµÖ Ûúß ¯ÖæÑ•Öß ÛúÖê ®ÖÝÖ¤ü »ÖÖÛú¸ü †£Ö¾ÖÖ ®ÖÛú¤ü ÛúÖ ³ÖãÝÖŸÖÖ®Ö
Ûú¸üÛúê ˆ®ÖÛêú »ÖÖ³Ö †®Öã¯ÖÖŸÖ ´Öë ÃÖ´ÖÖµÖÖê×•ÖŸÖ ×ÛúµÖÖ •ÖÖµÖêÝÖÖ …
¯Öã®Ö´ÖæÔ»µÖÖÓÛú®Ö ÜÖÖŸÖÖ ŸÖ£ÖÖ ÃÖÖ—Öê¤üÖ¸üÖë Ûêú ¯ÖæÑ•Öß ÜÖÖŸÖê ŸÖîµÖÖ¸ü Ûúßו֋ …
†£Ö¾ÖÖ
»Ö×»ÖŸÖ, ´Ö¬Öã¸ü ŸÖ£ÖÖ ®Öß®ÖÖ ÃÖÖ—Öê¤üÖ¸ü £Öê ŸÖ£ÖÖ ÛÎú´Ö¿Ö: 50%, 30% †Öî¸ü 20% »ÖÖ³Ö ²ÖÖÑ™üŸÖê £Öê … 31 ´ÖÖ“ÖÔ, 2013
ÛúÖê ˆ®ÖÛúÖ ×ãÖ×ŸÖ ×¾Ö¾Ö¸üÞÖ ×®Ö´®Ö ¯ÖÏÛúÖ¸ü ÃÖê £ÖÖ :
¤êüµÖŸÖÖ‹Ñ ¸üÖ×¿Ö ÃÖ´¯Ö×¢ÖµÖÖÑ ¸üÖ׿Ö
`)
(` `)
(`
»Öê®Ö¤üÖ¸ü 28,000 ¸üÖêÛú›Ìü 34,000
³Ö×¾ÖÂµÖ ×®Ö×¬Ö 10,000 ¤êü®Ö¤üÖ¸ü 47,000
×®Ö¾Öê¿Ö ˆŸÖÖ¸ü-“ÖœÌüÖ¾Ö ×®Ö×¬Ö 10,000 ‘Ö™üÖ : ›æü²ÖŸÖ ŸÖ£ÖÖ ÃÖÓפüݬÖ
ŠúÞÖÖë Ûêú ×»Ö‹ ¯ÖÏÖ¾Ö¬ÖÖ®Ö 3,000 44,000
¯ÖæÑ•Öß : ÙüÖòÛú 15,000
»Ö×»ÖŸÖ 50,000 ×®Ö¾Öê¿Ö 40,000
´Ö¬Öã¸ü 40,000 ܵÖÖ×ŸÖ 20,000
®Öß®ÖÖ 25,000 1,15,000 »ÖÖ³Ö ‹¾ÖÓ ÆüÖ×®Ö ÜÖÖŸÖÖ 10,000
1,63,000 1,63,000

ˆ¯Ö¸üÖêŒŸÖ ×ŸÖ×£Ö ÛúÖê ´Ö¬Öã¸ü ®Öê †¾ÖÛúÖ¿Ö ÝÖÏÆüÞÖ ×ÛúµÖÖ ŸÖ£ÖÖ »Ö×»ÖŸÖ ‹¾ÖÓ ®Öß®ÖÖ ®Öê ×®Ö´®Ö ¿ÖŸÖÖí ¯Ö¸ü ÃÖÖ—Öê¤üÖ¸üß ÛúÖê “ÖÖ»Öæ
¸üÜÖ®Öê ÛúÖ ×®ÖÞÖÔµÖ ×»ÖµÖÖ :
(Ûú) ±ú´ÖÔ Ûúß ÜµÖÖ×ŸÖ ÛúÖ ´Ö滵ÖÖÓÛú®Ö ` 51,000 ¯Ö¸ü ×ÛúµÖÖ •ÖÖµÖêÝÖÖ …
(ÜÖ) Ûú´ÖÔ“ÖÖ¸üß õÖן֯ÖæÙŸÖ ÛúÖ ` 6,000 ÛúÖ ¤üÖ¾ÖÖ £ÖÖ …
(ÝÖ) ×®Ö¾Öê¿ÖÖë ÛúÖê ` 15,000 ŸÖÛú »ÖÖµÖÖ ÝÖµÖÖ …
(‘Ö) ›æü²ÖŸÖ ŠúÞÖÖë Ûêú ×»Ö‹ ¯ÖÏÖ¾Ö¬ÖÖ®Ö ÛúÖê ` 1,000 ÃÖê ‘Ö™üÖµÖÖ ÝÖµÖÖ …
(’û) ´Ö¬Öã¸ü ÛúÖê ®ÖÛú¤ü ` 10,300 ÛúÖ ŸÖã¸ü®ŸÖ ³ÖãÝÖŸÖÖ®Ö Ûú¸ü פüµÖÖ ÝÖµÖÖ ŸÖ£ÖÖ ¿ÖêÂÖ ÛúÖê ˆÃÖÛêú ŠúÞÖ ÜÖÖŸÖê ´Öë
ãÖÖ®ÖÖ®ŸÖ׸üŸÖ Ûú¸ü פüµÖÖ ÝÖµÖÖ … וÖÃÖÛúÖ ³ÖãÝÖŸÖÖ®Ö 12% ¯ÖÏ×ŸÖ ¾ÖÂÖÔ ²µÖÖ•Ö Ûêú ÃÖÖ£Ö ¤üÖê ²Ö¸üÖ²Ö¸ü ×Ûú¿ŸÖÖë ´Öë Ûú¸ü®ÖÖ
£ÖÖ …
¯Öã®Ö´ÖæÔ»µÖÖÓÛú®Ö ÜÖÖŸÖÖ, ÃÖÖ—Öê¤üÖ¸üÖë Ûêú ¯ÖæÑ•Öß ÜÖÖŸÖê ŸÖ£ÖÖ ¯ÖæÞÖÔ ³ÖãÝÖŸÖÖ®Ö ÆüÖê®Öê ŸÖÛú ´Ö¬Öã¸ü ÛúÖ ŠúÞÖ ÜÖÖŸÖÖ ŸÖîµÖÖ¸ü Ûúßו֋ …

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Following is the Balance Sheet of Abha and Binay as at 31st March, 2014 :

Amount Amount
Liabilities Assets
`)
(` `)
(`

Creditors 13,000 Bank 15,000

Employees Provident Fund 8,000 Debtors 22,000

Workmen’s Compensation Less : Provision for

15,000
Fund doubtful debts 1,000 21,000

Capitals : Stock 10,000

Abha 55,000 Plant & Machinery 60,000

Binay 30,000 85,000 Goodwill 10,000

Profit & Loss 5,000

1,21,000 1,21,000

Chitra was admitted as a partner for ¼ share in the profits of the firm. It was decided
that :

(a) Bad Debts amounted to ` 1,500 will be written off.

(b) Stock worth ` 8,000 was taken over by Abha & Binay at Book value in their
profit sharing ratio. The remaining stock was valued at ` 2,500.

(c) Plant & Machinery and goodwill were valued at ` 32,000 and ` 20,000
respectively.
(d) Chitra brought her share of goodwill in cash.

(e) Chitra will bring proportionate capital and the capital of Abha and Binay will be
adjusted in their profit-sharing ratio by bringing in or paying off cash as the case
may be.
Prepare Revaluation Account and Partner’s Capital Accounts.

OR

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Lalit, Madhur and Neena were partners sharing profits as 50%, 30% and 20%
respectively. On March 31st , 2013 their Balance Sheet was as follows :

Amount Amount
Liabilities Assets
`)
(` `)
(`

Creditors 28,000 Cash 34,000

Provident Fund 10,000 Debtors 47,000

Investment Fluctuation Fund 10,000 Less : Provision for

Bad & Doubtful Debts 3,000 44,000

Capitals : Stock 15,000

Lalit 50,000 Investment 40,000

Madhur 40,000 Goodwill 20,000

Neena 25,000 1,15,000 Profit & Loss A/C 10,000

1,63,000 1,63,000

On this date, Madhur retired and Lalit and Neena agreed to continue on the following
terms :

(a) The goodwill of the firm was valued at ` 51,000.

(b) There was a claim for workmen’s compensation to the extent of ` 6,000.

(c) Investment were brought down to ` 15,000.

(d) Provision for bad debts was reduced by ` 1,000.

(e) Madhur was paid ` 10,300 in cash and the balance was transferred to his loan
account payable in two equal installments together with interest @ 12% p.a.

Prepare Revaluation A/C, Partner’s capital Accounts and Madhur’s loan A/C till
the loan is finally paid off.

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17. ¸üÖê»ÖÝÖÖ ×»Ö×´Ö™êü›ü Ûúß ¯ÖÓ•ÖßÛéúŸÖ ¯ÖæÑ•Öß ` 50,00,000 Æîü ŸÖ£ÖÖ µÖÆü ` 100 ¯ÖÏŸµÖêÛú Ûêú ÃÖ´ÖŸÖÖ †Ó¿ÖÖë ´Öë ×¾Ö³ÖÖ×•ÖŸÖ Æîü …
Ûú´¯Ö®Öß ®Öê •Ö®ÖŸÖÖ ÛúÖê 42,000 †Ó¿ÖÖë Ûêú ×®ÖÝÖÔ´Ö®Ö Ûêú ×»Ö‹ ¯ÖÏßÖÖ¾Ö ×ÛúµÖÖ … ¸üÖ×¿Ö ×®Ö´®Ö ¯ÖÏÛúÖ¸ü ÃÖê ¤êüµÖ £Öß :

†Ö¾Öê¤ü®Ö ¯Ö¸ü – ` 30 ¯ÖÏ×ŸÖ †Ó¿Ö

†Ö²ÖÓ™ü®Ö ¯Ö¸ü – ` 40 ¯ÖÏ×ŸÖ †Ó¿Ö (¯ÖÏß×´ÖµÖ´Ö ÃÖ×ÆüŸÖ)

¯ÖÏ£Ö´Ö ŸÖ£ÖÖ †×®ŸÖ´Ö µÖÖ“Ö®ÖÖ ¯Ö¸ü – ` 50 ¯ÖÏ×ŸÖ †Ó¿Ö

40,000 †Ó¿ÖÖë Ûêú ×»Ö‹ †Ö¾Öê¤ü®Ö ¯ÖÏÖ¯ŸÖ Æãü‹ …

×®Ö´®Ö ÛúÖê ”ûÖê›üÌÛú¸ü ÃÖ³Öß ¸üÖ׿ֵÖÖÑ ¯ÖÏÖ¯ŸÖ ÆüÖê ÝÖ‡Õ :

»ÖÖ»Ö ®Öê, וÖÃÖÛêú ¯ÖÖÃÖ 100 †Ó¿Ö £Öê, †Ö²ÖÓ™ü®Ö ŸÖ£ÖÖ µÖÖ“Ö®ÖÖ ¸üÖ×¿Ö ÛúÖ ³ÖãÝÖŸÖÖ®Ö ®ÖÆüà ×ÛúµÖÖ …

¯ÖÖ»Ö ®Öê, וÖÃÖÛêú ¯ÖÖÃÖ 200 †Ó¿Ö £Öê, µÖÖ“Ö®ÖÖ ¸üÖ×¿Ö ÛúÖ ³ÖãÝÖŸÖÖ®Ö ®ÖÆüà ×ÛúµÖÖ …

Ûú´¯Ö®Öß ®Öê »ÖÖ»Ö ŸÖ£ÖÖ ¯ÖÖ»Ö Ûêú †Ó¿ÖÖë ÛúÖ Æü¸üÞÖ Ûú¸ü ×»ÖµÖÖ … ˆÃÖÛêú ¯Ö¿“ÖÖŸÖË Æü¸üÞÖ ×ÛúµÖê ÝÖµÖê †Ó¿ÖÖë ÛúÖê ` 70 ¯ÖÏןÖ
†Ó¿Ö ¯ÖæÞÖÔ ¯ÖϤü¢Ö ¯Öã®Ö:×®ÖÝÖÔ×´ÖŸÖ Ûú¸ü פüµÖÖ ÝÖµÖÖ …

ˆ¯Ö¸üÖêŒŸÖ »Öê®Ö¤êü®ÖÖë Ûêú ×»Ö‹ Ûú´¯Ö®Öß Ûúß ¸üÖÛê ú›Ìü ²ÖÆüß ŸÖ£ÖÖ ¸üÖê•Ö®ÖÖ´Ö“Öê ´Öë †Ö¾Ö¿µÖÛú ¯ÖÏ×¾Ö×™üµÖÖÑ Ûúßו֋ … 8

†£Ö¾ÖÖ

´Ö´ÖŸÖÖ ±êú²Ö ®Öê ` 100 ¯ÖÏŸµÖêÛú Ûêú 50,000 †Ó¿ÖÖë ÛúÖ 10% Ûêú ²Ö¼êü ¯Ö¸ü ×®ÖÝÖÔ´Ö®Ö ×ÛúµÖÖ, •ÖÖê †Ö¾Öê¤ü®Ö ¯Ö¸ü ` 20 ;
†Ö²ÖÓ™ü®Ö ¯Ö¸ü ` 30 ŸÖ£ÖÖ ¯ÖÏ£Ö´Ö ŸÖ£ÖÖ †×®ŸÖ´Ö µÖÖ“Ö®ÖÖ ¯ÖÏŸµÖêÛú ¯Ö¸ü ` 20 ¤êüµÖ £Öê … 75,000 †Ó¿ÖÖë Ûêú ×»Ö‹ †Ö¾Öê¤ü®Ö
¯ÖÏÖ¯ŸÖ Æãü‹ … 25,000 †Ó¿ÖÖë Ûêú †Ö¾Öê¤ü®ÖÖë ÛúÖê ÜÖê¤ü-¯Ö¡Ö ³Öê•ÖÛú¸ü ˆ®ÖÛúß †Ö¾Öê¤ü®Ö ¸üÖ×¿Ö ¾ÖÖׯÖÃÖ Ûú¸ü ¤üß ÝÖ‡Ô …

´ÖÖêÆü®Ö, ‹Ûú †Ó¿Ö¬ÖÖ¸üÛú ®Öê, †¯Ö®Öê 1,500 †Ó¿ÖÖë ¯Ö¸ü †Ö²ÖÓ™ü®Ö ¸üÖ×¿Ö ÛúÖ ³ÖãÝÖŸÖÖ®Ö ®ÖÆüà ×ÛúµÖÖ, ‡ÃÖ ¸üÖ×¿Ö ÛúÖ ³ÖãÝÖŸÖÖ®Ö
ˆÃÖ®Öê ¯ÖÏ£Ö´Ö µÖÖ“Ö®ÖÖ Ûêú ÃÖÖ£Ö ×ÛúµÖÖ …

‹Ûú †Ó¿Ö¬ÖÖ¸üÛú ¸ü´Ö®Ö ®Öê, וÖÃÖÛêú ¯ÖÖÃÖ 500 †Ó¿Ö £Öê, ¤üÖê®ÖÖë µÖÖ“Ö®ÖÖ†Öë ÛúÖ ³ÖãÝÖŸÖÖ®Ö †Ö²ÖÓ™ü®Ö ¸üÖ×¿Ö Ûêú ÃÖÖ£Ö Ûú¸ü
פüµÖÖ … ‹Ûú †Ó¿Ö¬ÖÖ¸üÛú Ûú´Ö»Ö ®Öê, וÖÃÖÛêú ¯ÖÖÃÖ 1,000 †Ó¿Ö £Öê, ®Öê ¯ÖÏ£Ö´Ö µÖÖ“Ö®ÖÖ ŸÖ£ÖÖ ¤æüÃÖ¸üß ŸÖ£ÖÖ †×®ŸÖ´Ö µÖÖ“Ö®ÖÖ
ÛúÖ ³ÖãÝÖŸÖÖ®Ö ®ÖÆüà ×ÛúµÖÖ … ˆÃÖÛêú †Ó¿ÖÖë ÛúÖ Æü¸üÞÖ Ûú¸ü ×»ÖµÖÖ ÝÖµÖÖ … Æü¸üÞÖ ×ÛúµÖê ÝÖµÖê †Ó¿ÖÖë ÛúÖê ` 120 ¯ÖÏ×ŸÖ †Ó¿Ö
¯ÖæÞÖÔ ¯ÖϤü¢Ö ¯Öã®Ö:×®ÖÝÖÔ×´ÖŸÖ Ûú¸ü פüµÖÖ ÝÖµÖÖ …

ˆ¯Ö¸üÖêŒŸÖ »Öê®Ö¤êü®ÖÖë Ûêú ×»Ö‹ Ûú´¯Ö®Öß Ûúß ¯ÖãßÖÛúÖë ´Öë †Ö¾Ö¿µÖÛú ¸üÖê•ÖÌ®ÖÖ´Ö“ÖÖ ¯ÖÏ×¾Ö×™üµÖÖÑ Ûúßו֋ …
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Rolga Ltd. is having an authorized capital of ` 50,00,000 divided into equity shares of
` 100 each. The company offered 42,000 shares to the public. The amount payable
was as follows :

On Application – ` 30 per share

On Allotment – ` 40 per share (including premium)

On First and Final Call – ` 50 per share

Applications were received for 40,000 shares.

All sums were duly received except the following :

Lal, a holder of 100 shares did not pay allotment and call money.

Pal, a holder of 200 shares did not pay call money.

The company forfeited the shares of Lal and Pal. Subsequently the forfeited shares
were reissued for ` 70 per share as fully paid-up. Show the entries for the above
transactions in the cash book and journal of the company.

OR

Mamta Fab Ltd. issued 50,000 shares of ` 100 each at a discount of 10% payable as
` 20 on application; ` 30 on allotment and ` 20 each on first and final call.
Applications were received for 75,000 shares. Applicants of 25,000 shares were sent
letters of regret and application money was refunded.

Mohan, a holder of 1,500 shares failed to pay allotment money which he paid along
with the first call.

Raman, a shareholder holding 500 shares paid both the calls along with allotment.
Kamal, a shareholder holding 1000 shares did not pay first call and second and final
call. His shares were forfeited. The forfeited shares were re-issued at ` 120 per share
as fully paid up.

Pass necessary Journal Entries for the above transaction in the books of the company.
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³ÖÖÝÖ – ÜÖ
(×¾ÖÛú»¯Ö – I)
PART – B
(Option – I)
(×¾Ö¢ÖßµÖ ×¾Ö¾Ö¸üÞÖÖë ÛúÖ ¿ÖêÂÖ)
(Analysis of Financial Statements)

18. ‘•Öß ×»Ö×´Ö™êü›ü’ ÛúÖÝÖ•Ö ˆŸ¯ÖÖ¤ü®Ö ÛúÖ ¾µÖ¾ÖÃÖÖµÖ Ûú¸üŸÖß Æîü … “ÖÖ»Öæ ¾ÖÂÖÔ ´Öë ‡ÃÖ®Öê ` 30,00,000 Ûúß ´Ö¿Öָ߮üß ÛúÖ ÛÎúµÖ
×ÛúµÖÖ; ‡ÃÖ®Öê †¯Ö®Öê Ûú´ÖÔ“ÖÖ׸üµÖÖë ÛúÖê ` 60,000 Ûêú ¾ÖêŸÖ®Ö ÛúÖ ³ÖãÝÖŸÖÖ®Ö ×ÛúµÖÖ … ‡ÃÖê ×¾ÖßÖÖ¸ü Ûêú ×»Ö‹ ×¾Ö¢Ö Ûúß
†Ö¾Ö¿µÖÛúŸÖÖ £Öß, †ŸÖ: ‡ÃÖ®Öê ` 20,00,000 Ûêú †Ó¿ÖÖë ÛúÖ ×®ÖÝÖÔ´Ö®Ö ×ÛúµÖÖ … “ÖÖ»Öæ ¾ÖÂÖÔ ´Öë ‡ÃÖ®Öê ` 9,00,000 ÛúÖ
»ÖÖ³Ö †Ù•ÖŸÖ ×ÛúµÖÖ …
¯ÖÏ“ÖÖ»Ö®Ö ÝÖןÖ×¾Ö׬ֵÖÖë ÃÖê ¸üÖêÛú›Ìü ¯ÖϾÖÖÆü Ûúß ÝÖÞÖ®ÖÖ Ûúßו֋ … 1
‘G Ltd.’ is carrying on a paper manufacturing business. In the current year, it purchased
machinery for ` 30,00,000; it paid salaries of ` 60,000 to its employees; it required
funds for expansion and therefore, issued shares of ` 20,00,000. It earned a profit of
` 9,00,000 for the current year.
Find out cash flows from operating activities.

19. ÛúÖ¾Öê¸üß ×»Ö×´Ö™êü›ü, ‹Ûú ×¾Ö¢ÖßµÖ Ûú´¯Ö®Öß ®Öê, ¾ÖÂÖÔ Ûêú ¤üÖî¸üÖ®Ö 12% ¯ÖÏ×ŸÖ ¾ÖÂÖÔ Ûúß ¤ü¸ü ÃÖê ` 5,00,000 Ûêú ŠúÞÖ ŸÖ£ÖÖ
†×ÝÖÏ´Ö ×»Ö‹ … ¸üÖêÛú›Ìü ¯ÖϾÖÖÆü ×¾Ö¾Ö¸üÞÖ ŸÖîµÖÖ¸ü Ûú¸üŸÖê ÃÖ´ÖµÖ ×®Ö´®Ö ´Öë ÃÖê ‡ÃÖê ×ÛúÃÖ ¯ÖÏÛúÖ¸ü Ûúß ÝÖןÖ×¾Ö×¬Ö ´Öë ÃÖ×´´Ö×»ÖŸÖ
×ÛúµÖÖ •ÖÖµÖêÝÖÖ : 1
(Ûú) ×®Ö¾Öê¿Ö ÝÖןÖ×¾Ö׬ֵÖÖÑ
(ÜÖ) ×¾Ö¢ÖßµÖ ÝÖןÖ×¾Ö׬ֵÖÖÑ
(ÝÖ) ¤üÖê®ÖÖë ×®Ö¾Öê¿Ö ŸÖ£ÖÖ ×¾Ö¢ÖßµÖ ÝÖןÖ×¾Ö׬ֵÖÖÑ
(‘Ö) ¯ÖÏ“ÖÖ»Ö®Ö ÝÖןÖ×¾Ö׬ֵÖÖÑ
Kaveri Ltd. a financing company obtained loans and advances of ` 5,00,000 during the
year @ 12% p.a. It will be included in which of the following activities while preparing
the cash flow statement ?
(a) Investing Activities
(b) Financing Activities
(c) Both Investing and financing activities
(d) Operating activities

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20. ×®Ö´®Ö ÃÖæ“Ö®ÖÖ Ûêú †Ö¬ÖÖ¸ü ¯Ö¸ü ×®Ö¾Öê¿Ö ¯Ö¸ü ¯ÖÏŸµÖÖµÖ Ûúß ÝÖÞÖ®ÖÖ Ûúßו֋ : ²µÖÖ•Ö ŸÖ£ÖÖ Ûú¸ü Ûêú ¯Ö¿“ÖÖŸÖË ¿Öã¨ü »ÖÖ³Ö
` 8,00,000; 10% ŠúÞÖ¯Ö¡Ö ` 9,00,000; Ûú¸ü @ 50%; ×¾Ö×®ÖµÖÖê×•ÖŸÖ ¯ÖæÑ•Öß ` 2,00,00,000. 4
With the help of the following information, calculate Return on Investment; Net Profit
after interest and Tax ` 8,00,000; 10% Debentures ` 9,00,000; Tax @ 50%; Capital
Employed ` 2,00,00,000.

21. (Ûú) Ûú´¯Ö®Öß †×¬Ö×®ÖµÖ´Ö, 1956 Ûúß ÃÖæ“Öß VI, ³ÖÖÝÖ I Ûêú †®ÖãÃÖÖ¸ü ×®Ö´®Ö ´Ö¤üÖë ÛúÖê ×Ûú®Ö ´ÖãÜµÖ ¿ÖßÂÖÔÛúÖë ŸÖ£ÖÖ ˆ¯Ö-
¿ÖßÂÖÔÛúÖë Ûêú †®ŸÖÝÖÔŸÖ ÛÓú¯Ö®Öß Ûêú ×ãÖ×ŸÖ ×¾Ö¾Ö¸üÞÖ ´Öë ¤ü¿ÖÖÔµÖÖ •ÖÖµÖêÝÖÖ ? 2
(i) ²ÖïÛú †×¬Ö×¾ÖÛúÂÖÔ
(ii) “ÖîÛú ÆüßÖê
(iii) ÜÖã¤ü¸üÖ †Öî•ÖÌÖ¸ü
(iv) ¤üß‘ÖÖÔ¾Ö×¬Ö ¯ÖÏÖ¾Ö¬ÖÖ®Ö
(ÜÖ) ×¾Ö¢ÖßµÖ ×¾Ö¾Ö¸üÞÖÖë Ûêú ×¾Ö¿»ÖêÂÖÞÖ ÛúÖ ŒµÖÖ †£ÖÔ Æîü ? 2
(a) Under which major headings and sub-headings the following items will be
shown in the Balance Sheet of a company as per Schedule VI, Part I of the
Companies Act, 1956.
(i) Bank Overdraft
(ii) Cheques in Hand
(iii) Loose Tools
(iv) Long term provisions
(b) What is meant by ‘Analysis of Financial Statements’ ?

22. ×¾Ö®ÖߟÖ, »Ö×»ÖŸÖ ¯»ÖÖ×ÙüÛú ×»Ö×´Ö™êü›ü ÛúÖ ¯ÖϲÖÓ¬Ö ×®Ö¤êü¿ÖÛú £ÖÖ … ׯ֔û»Öê ”û: ¾ÖÂÖÖí ÃÖê Ûú´¯Ö®Öß »ÖÝÖÖŸÖÖ¸ü †“”ûÖ »ÖÖ³Ö
†Ù•ÖŸÖ Ûú¸ü ¸üÆüß £Öß … ×¾Ö®ÖßŸÖ ®Öê ®ÖêŸÖéŸ¾Ö Ûúß »ÖÖêÛúŸÖÖÓסÖÛú ¿Öî»Öß †¯Ö®ÖÖµÖß Æãü‡Ô £Öß … ˆ®ÖÛêú †“”êû ÃÖã—ÖÖ¾ÖÖë ÛúÖê
´ÖÖ®ÖÛú¸ü ¾ÖÆü †¯Ö®Öê †¬Öß®ÖãÖÖë ÛúÖê ÃÖ´´ÖÖ®Ö ¤êü®Öê ´Öë ×¾Ö¿¾ÖÖÃÖ ¸üÜÖŸÖÖ £ÖÖ … Ûú´¯Ö®Öß ®Öê ‡»ÖÖÛêú ´Öë ‹Ûú ×¾ÖªÖ»ÖµÖ ³Öß
¿Öãºþ ×ÛúµÖÖ Æãü†Ö £ÖÖ ŸÖ£ÖÖ Ûú´¯Ö®Öß ‡»ÖÖÛêú Ûúß ÃÖ±úÖ‡Ô ´Öë ³Öß µÖÖêÝÖ¤üÖ®Ö Ûú¸üŸÖß £Öß … 31 ´ÖÖ“ÖÔ, 2014 ÛúÖê »Ö×»ÖŸÖ
¯»ÖÖ×ÙüÛú ×»Ö×´Ö™êü›ü ÛúÖ ŸÖã»Ö®ÖÖŸ´ÖÛú »ÖÖ³Ö-ÆüÖ×®Ö ×¾Ö¾Ö¸üÞÖ ×®Ö´®Ö ¯ÖÏÛúÖ¸ü ÃÖê £ÖÖ :
×¾Ö¾Ö¸üÞÖ ®ÖÖê™ü 2012-13 2013-14 ¯ÖæÞÖÔ ¯Ö׸ü¾ÖŸÖÔ®Ö %
ÃÖÓ. (``) `)
(` (``) ¯Ö׸ü¾ÖŸÖÔ®Ö
¯ÖÏ“ÖÖ»Ö®Ö ÃÖê †ÖµÖ 12,00,000 16,00,000 4,00,000 33.33
‘Ö™üÖ : Ûú´ÖÔ“ÖÖ¸üß »ÖÖ³Ö ¾µÖµÖ 3,00,000 4,00,000 1,00,000 33.33
Ûú¸ ü¯Öæ¾ÖÔ »ÖÖ³Ö 9,00,000 12,00,000 3,00,000 33.33
Ûú¸ü @ 40% 3,60,000 4,80,000 1,20,000 33.33
Ûú¸ü ¯Ö¿“ÖÖŸÖË »ÖÖ³Ö 5,40,000 7,20,000 1,80,000 33.33
(Ûú) 31 ´ÖÖ“ÖÔ, 2013 ŸÖ£ÖÖ 2014 ÛúÖê ÃÖ´ÖÖ¯ŸÖ Æãü‹ ¾ÖÂÖÖí Ûêú ×»Ö‹ ¿Öã¨ü »ÖÖ³Ö †®Öã¯ÖÖŸÖ Ûúß ÝÖÞÖ®ÖÖ Ûúßו֋ …
(ÜÖ) ˆ¯Ö¸üÖêŒŸÖ ×ãÖ×ŸÖ ´Öë ÃÖ´ÖÖ•Ö ÛúÖê ÃÖ´¯ÖÏê×ÂÖŸÖ ×Ûú‹ •ÖÖ®Öê ¾ÖÖ»Öê ×Ûú®Æüà ¤üÖê ´Ö滵ÖÖë Ûúß ¯ÖÆü“ÖÖ®Ö Ûúßו֋ … 4
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Vineet was the Managing Director of Lalit Plastics Ltd. For the last six years the company
had been consistently earning good profits. Vineet followed democratic style of
leadership. He believed in giving respect to his subordinates by agreeing to their good
suggestions. The company also opened a school for girls in the locality and also
contributed towards the cleanliness of the locality. Following is the comparative
‘Statement of Profit & Loss’ of Lalit Plastics Ltd. for the years ended 31st March, 2014 :
Note 2012-13 2013-14 Absolute Percentage
Particulars
No. `)
(` `)
(` `)
change (` change
Revenue from 12,00,000 16,00,000 4,00,000 33.33
operations
Less : Employee benefit 3,00,000 4,00,000 1,00,000 33.33
expenses
Profit before tax 9,00,000 12,00,000 3,00,000 33.33
Tax @ 40% 3,60,000 4,80,000 1,20,000 33.33
Profit after tax 5,40,000 7,20,000 1,80,000 33.33
(a) Calculate Net Profit ratio for the years ending 31st March, 2013 and 2014.
(b) Identify any two values which are being communicated to the society in the
above case.

23. 31 ´ÖÖ“ÖÔ, 2014 ÛúÖê ÁÖêšüÖ ×»Ö×´Ö™êü›ü ÛúÖ ×ãÖ×ŸÖ ×¾Ö¾Ö¸üÞÖ ×®Ö´®Ö ¯ÖÏÛúÖ¸ü £ÖÖ :
31-3-2014 31-3-2013
×¾Ö¾Ö¸üÞÖ ®ÖÖê™ü ÃÖÓ.
`)
(` `)
(`
ÃÖ´ÖŸÖÖ ŸÖ£ÖÖ ¤êüµÖŸÖÖ‹Ñ
(1) †Ó¿Ö¬ÖÖ¸üÛú ×®Ö׬ֵÖÖÑ
(†) †Ó¿Ö¯ÖæÑ•Öß 20,00,000 15,00,000
(²Ö) ÃÖÓ“ÖµÖ ‹¾ÖÓ †Ö׬֌µÖ 1 5,00,000 3,00,000
(2) †“Ö»Ö ¤êüµÖŸÖÖ‹Ñ
¤üß‘ÖÔÛúÖ»Öß®Ö ŠúÞÖ 3,00,000 2,00,000
(3) “ÖÖ»Öæ ¤êüµÖŸÖÖ‹Ñ
(†) ¾µÖÖ¯ÖÖ׸üÛú ¤êüµÖŸÖÖ‹Ñ 1,50,000 2,00,000
(²Ö) »Ö‘ÖãÛúÖ»Öß®Ö ¯ÖÏÖ¾Ö¬ÖÖ®Ö 2 70,000 60,000
Ûãú»Ö 30,20,000 22,60,000

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¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ
(1) †“Ö»Ö ÃÖ´¯Ö×¢ÖµÖÖÑ
(a) ãÖÖµÖß ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ
(i) ´ÖæŸÖÔ ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ 3 19,00,000 15,00,000

(ii) †´ÖæŸÖÔ ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ 4 4,70,000 2,70,000

(2) “ÖÖ»Öæ ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ

(†) ÙüÖòÛú (´ÖÖ»ÖÃÖæ“Öß) 2,50,000 1,60,000

(²Ö) ¾µÖÖ¯ÖÖ׸üÛú ¯ÖÏÖׯŸÖµÖÖÑ 2,10,000 2,10,000

(ÃÖ) ¸üÖêÛú›Ìü ŸÖ£ÖÖ ¸üÖêÛú›Ìü ŸÖã»µÖ 1,90,000 1,20,000

Ûãú»Ö 30,20,000 22,60,000

ÜÖÖŸÖÖë Ûêú ®ÖÖê™üËÃÖ :

ÛÎú´Ö 31-3-2014 31-3-2013
×¾Ö¾Ö¸üÞÖ
ÃÖÓܵÖÖ `)
(` `)
(`

1. ÃÖÓ“ÖµÖ ‹¾ÖÓ †Ö׬֌µÖ

†Ö׬֌µÖ (»ÖÖ³Ö-ÆüÖ×®Ö ×¾Ö¾Ö¸üÞÖ ÛúÖ ¿ÖêÂÖ) 5,00,000 3,00,000

2. »Ö‘ÖãÛúÖ»Öß®Ö ¯ÖÏÖ¾Ö¬ÖÖ®Ö
Ûú¸ü ¯ÖÏÖ¾Ö¬ÖÖ®Ö 70,000 60,000

3. ´ÖæŸÖÔ ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ
´Ö¿Öָ߮üß ‹Ûú×¡ÖŸÖ ´Ö滵ÖÈüÖÃÖ 27,00,000 21,00,000

4. †´ÖæŸÖÔ ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ (8,00,000) (6,00,000)

ܵÖÖ×ŸÖ 4,70,000 2,70,000

×®Ö´®Ö ÃÖ´ÖÖµÖÖê•Ö®ÖÖë ÛúÖê ¬µÖÖ®Ö ´Öë ¸üÜÖŸÖê Æãü‹ ‹Ûú ¸üÖêÛú›Ìü ¯ÖϾÖÖÆü ×¾Ö¾Ö¸üÞÖ ŸÖîµÖÖ¸ü Ûúßו֋ :
¾ÖÂÖÔ Ûêú ¤üÖî¸üÖ®Ö ‹Ûú ´Ö¿Öָ߮üß, וÖÃÖÛúß »ÖÖÝÖŸÖ ` 30,000 £Öß ŸÖ£ÖÖ ×•ÖÃÖ ¯Ö¸ü ‹Ûú×¡ÖŸÖ ´Ö滵ÖÈüÖÃÖ ` 6,000 £ÖÖ, ÛúÖê
` 20,000 ´Öë ²Öê“ÖÖ ÝÖµÖÖ … 6

67/1/2 20

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Following was the Balance Sheet of Sreshtha Ltd. as on 31st March, 2014 :
31-3-2014 31-3-2013
Particulars Note No.
`)
(` `)
(`
Equity & Liabilities
(1) Shareholders Funds
(a) Share Capital 20,00,000 15,00,000
(b) Reserves and Surplus 1 5,00,000 3,00,000
(2) Non-current Liabilities
Long term borrowings 3,00,000 2,00,000
(3) Current Liabilities
(a) Trade payables 1,50,000 2,00,000
(b) Short term provisions 2 70,000 60,000
Total 30,20,000 22,60,000
Assets
(1) Non-Current Assets
(a) Fixed Assets
(i) Tangible assets 3 19,00,000 15,00,000
(ii) Intangible assets 4 4,70,000 2,70,000
(2) Current Assets
(a) Inventories 2,50,000 1,60,000
(b) Trade Receivables 2,10,000 2,10,000
(c) Cash and Cash Equivalents 1,90,000 1,20,000
Total 30,20,000 22,60,000
Notes to Accounts :
S. No. As on As on
Particulars 31-3-2014 31-3-2013
`)
(` `)
(`
1. Reserves and Surplus
Surplus (Balance in Statement of Profit 5,00,000 3,00,000
and Loss)
2. Short term provisions
Provision for tax 70,000 60,000
3. Tangible Assets
Machinery 27,00,000 21,00,000
Accumulated Depreciation (8,00,000) (6,00,000)
4. Intangible Assets
Goodwill 4,70,000 2,70,000
Prepare a Cash Flow Statement after taking into account the following adjustment :
During the year a piece of machinery costing ` 30,000 on which accumulated
depreciation was ` 6,000, was sold for ` 20,000.
67/1/2 21 [P.T.O.

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³ÖÖÝÖ – ÜÖ
(×¾ÖÛú»¯Ö – II)
PART – B
(Option – II)
(†×³ÖÛú×»Ö¡Ö »ÖêÜÖÖÓÛú®Ö)
(Computerised Accounting)

18. ‘›üÖ™üÖ ²ÖêÃÖ ×›ü•ÖÌÖ‡®Ö’ ÃÖê ŸÖÖŸ¯ÖµÖÔ Æîü

(Ûú) ÃÖ´¯ÖæÞÖÔ ›üÖ™üÖ²ÖêÃÖ Ûêú ×¾Ö׳֮®Ö ³ÖÖÝÖÖë Ûúß ÃÖÓ¸ü“Ö®ÖÖ ÛúÖ ×¾Ö¾Ö¸üÞÖ
(ÜÖ) ÃÖÖò°™ü¾ÖêµÖ¸ü ÛúÖ ´Öæ»Ö ×›ü•ÖÌÖ‡®Ö
(ÝÖ) ÛãúÓ •Öß ¯Ö™ü»Ö ŸÖ£ÖÖ ÃÖ߯ÖßµÖæ ÛúÖ ×›ü•ÖÌÖ‡®Ö
(‘Ö) ˆ¯Ö¸üÖêŒŸÖ ´Öë ÃÖê ÛúÖê‡Ô ®ÖÆüà 1
‘Database Design’ refers to
(a) Description of the structure of different parts of the overall database.
(b) Basic design of the software
(c) Design of Keyboard and CPU
(d) None of the above

19. ‘ÜÖÖŸÖÖëÛêú ÃÖ´ÖæÆüßÛú¸üÞÖ’ ÃÖê †×³Ö¯ÖÏÖµÖ †ÖÑÛú›ÌüÖë (›üÖ™üÖ) ÛúÖ ×®Ö´®Ö ¯ÖÏÛúÖ¸ü ÃÖê ¾ÖÝÖáÛú¸üÞÖ Æîü :
(Ûú) ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ, ¤êüµÖŸÖÖ‹Ñ ŸÖ£ÖÖ ¯ÖæÑ•Öß
(ÜÖ) ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ, þÖÖ´Öß-ÃÖ´ÖŸÖÖ, †ÖÝÖ´Ö ŸÖ£ÖÖ ¾µÖµÖ
(ÝÖ) †ÖÝÖ´Ö ŸÖ£ÖÖ ¾µÖµÖ
(‘Ö) ¯Ö׸üÃÖ´¯Ö×¢ÖµÖÖÑ, ¯ÖæÑ•Öß, ¤êüµÖŸÖÖ‹Ñ, †ÖÝÖ´Ö ŸÖ£ÖÖ ¾µÖµÖ 1
The ‘Grouping of Accounts’ means the classification of data from :
(a) Assets, Liabilities and Capital
(b) Assets, Owners’ Equity, Revenue and Expense
(c) Revenue and Expenses
(d) Assets, Capital, Liabilities, Revenue and Expense

20. ‘™îü»Öß ´Öë ¾ÖÝÖáÛéúŸÖ’ ×¾Ö׳֮®Ö ¯ÖÏÛúÖ¸ü Ûêú »ÖêÜÖÖÓÛú®Ö ¯ÖÏ´ÖÖÞÖÛúÖë ÛúÖê ÃÖ´Ö—ÖÖ‡‹ … 4
Explain different types of Accounting Vouchers ‘as categorized in Tally’.

67/1/2 22

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21. ÝÖÏÖ±ú/“ÖÖ™Ôü Ûêú ˆ¯ÖµÖÖêÝÖ Ûêú ×Ûú®Æüà ¤üÖê »ÖÖ³ÖÖë ÛúÖê ÃÖ´Ö—ÖÖ‡‹ … 4
Explain any two advantages of using Graphs/Charts.

22. ‘›îüÃÛú™üÖò¯Ö ›üÖ™üÖ ²ÖêÃÖ’ ŸÖ£ÖÖ ‘ÃÖ¾ÖÔ¸ü ›üÖ™üÖ²ÖêÃÖ’ ´Öë ×Ûú®Æüà “ÖÖ¸ü †Ö¬ÖÖ¸üÖë ¯Ö¸ü †®ŸÖ³Öì¤ü Ûúßו֋ … 4
Differentiate between ‘Desktop Database’ and ‘Server Database’ on any four basis.

23. #¾ÖÖæ ! ¡Öã×™ü ÛúÖê ¿Öã¨ü Ûú¸ü®Öê Ûêú “Ö¸üÞÖÖë ÛúÖ ˆ»»ÖêÜÖ Ûúßו֋ … 6
State the steps to correct #VALUE ! Error.
____________

67/1/2 23 [P.T.O.

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67/1/2 24

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- -Strictly Confidential : (For Internal and Restricted Use Only)
Senior School Certificate Examination
July -2014-15
Marking Scheme - Accountancy (Delhi) 67/1/1, 67/1/2, 67/1/3 (Compartment)
General Instructions:-
1. The Marking scheme provides general guidelines to reduce subjectivity in the marking. The answers given in the marking scheme are
suggested answers. The content is thus indicative. If a student has given any other answer which is different from the one given in the
marking scheme but conveys the same meaning, such answers should be given full weightage.

2. Evaluation is to be done as per instructions provided in the Marking Scheme. It should not be done according to one's own
interpretation or any other consideration-Marking. Scheme should be strictly adhered to and religiously followed.

3. The Head-Examiner has to go through the first five answer scripts evaluated by each evaluator to ensure that evaluation has been
carried out as per the instructions given in the Marking Scheme. The remaining answer scripts meant for evaluation shall be given
only after ensuring that there is no significant variation in the marking of individual evaluators.

4. If a question has parts, please award marks on the right hand side for each part. Marks awarded for different parts of the question
should then be totalled up and written in the left hand margin and encircled.

5. If a question does not have any parts, marks must be awarded in the left hand margin and encircled.

6. If a student has attempted an extra question, answer of the question deserving more marks should be retained and other answer
scored out.

7. No marks to be deducted for the cumulative effect of an error. It should be penalized only once.

8. Deductions up to 25% of the marks must be made if the student has not drawn formats of the Journal and Ledger and has not given
the narrations.

9. A full scale of marks 1-80 has to be used. Please do not hesitate to award full marks if the answer deserves it.

10. No marks are to be deducted or awarded for writing / not writing ‘TO and BY’ while preparing Journal and Ledger accounts.
11. In theory questions, credit is to be given for the content and not for the format.
12. In compliance to the judgment of the Hon’ble Supreme Court of India, Board has decided to provide photocopy of the answer
book(s) to the candidates who will apply for it along with the requisite fee from 2012 examination. Therefore, it is all the more
important that the evaluation is done strictly as per the value points given in the marking scheme so that the Board could be in a
position to defend the evaluation at any forum.
13. In the light of the above judgment instructions have been incorporated in the guidelines for Centre Superintendents to ensure that
the answer books of all the appeared candidates have been sent to the Board’s office and in the Guidelines for spot evaluation for
the Examiners that they have to evaluate the answer books strictly in accordance with the value points given in the marking
scheme and the correct set of the question paper. The examiner(s) shall also have to certify this.
14. Every Examiner should stay up to sufficiently reasonable time normally 5-6 hours every day and evaluate 20-25 answer books.
15. In the past it has been observed that the following are the common types of errors committed by the Examiners-.
 Leaving answer or part thereof unassessed in an answer script
 Giving more marks for an answer than assigned to it or deviation from the marking scheme.
 Wrong transference of marks from the inside pages of the answer book to the title page.
 Wrong question wise totalling on the title page.
 Wrong totalling of marks of the two columns on the title page
 Wrong grand total
 Marks in words and figures not tallying
 Wrong transference to marks from the answer book to award list
 Answers marked as correct but marks not awarded.
 Half or a part of answer marked correct and the rest as wrong but no marks awarded.
16. While evaluating the answer scripts if the answer is found to be totally incorrect, it should be marked as (X) and awarded zero(0)
Marks.
17. Any unassessed portion, non-carrying over of marks to the title page or totalling error detected by the candidate shall damage the
prestige of all the personnel engaged in the evaluation work as also of the Board. Hence in order to uphold the prestige of all
concerned, It is again reiterated that the instructions be followed meticulously and judiciously.
18. The Examiners should acquaint themselves with the guidelines given in the Guidelines for Spot Evaluation before starting the
actual evaluation.
19. Every Examiner shall also ensure that all the answers are evaluated, marks carried over to the title page, correctly totaled and
written in figures and words.
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Q. Set No. Marking Scheme 2014-15 Distribution
of marks
67/ 67/ 67/ Accountancy (055) (Compartment)
1/1 1/2 1/3
Delhi – 67/1/1
Expected Answers / Value points
1 2 6 Q. When the new ......................credited to:. 1 Mark

Ans. (c) Premium for Goodwill Account.

2 - - Q. Kanha, Neeraj and Asha.............................. of your answer.

Ans. No, he is not correct. (½ + ½)

Reason: He will get interest @10% p.a. because of the agreement between Raghav and the =
firm. 1 Mark

3 4 1 Q. At the time of retirement......................Capital accounts of:

Ans. 1 Mark
(b) All partners, in the old profit sharing ratio.

4 5 5 Q. When does a company........................Redemption Reserve’?

Ans. 1 Mark
Debenture redemption reserve is created when debentures have to be redeemed out of
profits.
5 - - Q. The part of.................................is called.
Ans.
(b) Reserve Capital 1 Mark

6 3 2 Q. Differentiate between.........................’Profit and Loss Suspense Account’.

1 Mark
Ans.
Basis Profit & Loss Appropriation Account Profit & Loss Suspense Account
Preparation Profit & Loss Appropriation A/c is Profit & Loss Suspense A/c is
prepared to distribute profit among prepared to calculate profit for a
partners according to the provisions particular time period before the
of partnership deed or Partnership end of the accounting year.
Act.
7 8 9 Q. Nishit Automobiles.............................to the society.
Ans.
Books of Nishit Automobiles Ltd.
Journal
Date Particulars LF Dr (R) Cr (R)
i. Bank A/c Dr. 70,00,000
To Equity Share Application & AllotmentA/c 70,00,000 ½
(For application money received on 70,000
equity shares of R100 each at par)
ii. Equity Share Application & Allotment A/c Dr. 70,00,000 ½
To Equity Share Capital A/c 70,00,000
(For equity share application money
transferred to share capital A/c)

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iii. Bank A/c Dr. 24,00,000
To 9% Debenture Application & Allotment A/c 24,00,000 ½
(For application money received on 60,000 9%
debentures of R 40 each )
iv. 9% Debenture Application & Allotment A/c Dr. 24,00,000
To 9 % Debentures A/c 24,00,000 ½
(For amount due on 60,000 9% debentures @ R
40 each)

Value which the company wants to communicate to the society (Any one):

 Welfare of employees
 Environment awareness 1
 Employment in the backward areas
 Spreading literacy
=
(OR any other suitable value)
3 Marks
Note: In case combined entries for issue of shares and debentures have been passed full
credit is to be given.
8 - - Q. The average profit...........................super profit.
Ans.
Average Profit = R 75,000, Undervaluation of Stock = 5,000
½
½
Average Profit = 75,000 + 5,000 = R 80,000 =
Normal Profit = Capital Investment x Normal Rate of Return = 7,00,000 x 7/100 = R 49,000 3 Marks
Super Profit = 80,000 – 49,000 = R 31,000 1
Goodwill = 31,000 x 5 = R 1,55,000
1
9 - - Q. Alka Ltd............................10% Debentures.
Ans.
Books of Alka Ltd.
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Bank A/c Dr. 25,00,000 ½
To 10% Debenture Application A/c 25,00,000
(For application money received on 5,000 10%
Debentures @ R 500 each)
ii. 10% Debenture Application A/c Dr. 25,00,000
½
To 10% Debenture A/c 25,00,000
(For application money adjusted)
iii. 10% Debenture Allotment A/c Dr. 20,00,000
Loss on issue of debenture A/c Dr. 2,50,000 1½
Discount on issue of debenture A/c Dr. 5,00,000
To 10% Debenture A/c 25,00,000
To Premium on redemption of debenture A/c 2,50,000
(For allotment of a debentures at a discount of
10% and redeemable at a premium of 5%)
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OR
10% Debenture Allotment A/c Dr. 20,00,000
Loss on issue of debenture A/c Dr. 7,50,000
To 10% Debenture A/c 25,00,000
To Premium on redemption of debenture A/c 2,50,000
(For allotment of a debentures at a discount of
10% and redeemable at a premium of 5%)
iv. Bank A/c Dr. 20,00,000 ½
To 10% Debenture Allotment A/c 20,00,000
=
(For allotment money received)
3 Marks
10 7 10 Q. On 1st April 2012.................................redemption of debentures.
Ans.
Books of Alka Ltd.
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Own Debenture A/c Dr. 18,800 1½
To Bank A/c 18,800
(For purchase of own debentures )
ii. 9% Debenture A/c Dr. 20,000
To Own Debenture A/c 18,800
1
To Profit on redemption of Debenture A/c 1,200
(For own debentures purchased being
cancelled)
iii. Profit on redemption of Debenture A/c Dr. 1,200 ½
To Capital Reserve A/c 1,200
(For profits on cancellation of debentures =
transferred to capital reserve ) 3 Marks
11 - - Q. Alia, Karan and Shilpa....................Karan’s retirement.
Ans.
Journal
Date Particulars LF Dr (R) Cr (R)
i. Alia’s Capital A/c Dr. 30,000
Karan’s Capital A/c Dr. 18,000 1½
Shilpa’s Capital A/c Dr. 12,000
To Goodwill A/c 60,000
( For the existing goodwill written off in the old
ratio)
ii. General Reserve A/c Dr. 20,000
To Alia’s Capital A/c 10,000 1
To Karan’s Capital A/c 6,000
To Shilpa’s Capital A/c 4,000
( For the amount of general reserve distributed
among the partners in old ratio)

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iii.
Shilpa’s Capital A/c Dr. 96,000
To Karan’s Capital A/c 72,000 1½
To Alia’s Capital A/c 24,000
(For the adjustment made for goodwill on
Karan’s retirement)
Working Notes: Calculation of Gaining / Sacrificing Ratio
Alia = 5/10 – 2/5 = 1/10 =
Shilpa = 2/10 – 3/5 = -4/10 4 Marks
12 11 12 Q. On 31st March,2014............................to his executors.
Ans.
Dr. Qureshi’s Capital A/c Cr.
Particulars Amount (R) Particulars Amount (R)
To Interset on loan A/c ½ 4,000 By Balance b/d 1,00,000 ½
To Loan A/c 1,00,000 By Reserve Fund A/c ½ 50,000 =
To Qureshi’s Executor ½ 68,875 By P/L Suspense A/c 2,625 ½ 4 Marks
A/c By Paras A/c ½ 13,500
By Ross A/c 6,750
½ ½
1,72,875 1,72,875
13 15 14 Q. (a) Fill in the blank.......................reserve.
Ans. (a)
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
Share Capital A/c Dr. 8,000
Securities Premium Reserve A/c Dr. 2,000
To Share Forfeited A/c 3,000
To Share Allotment A/c 5,000
To Share first Call A/c 2,000 1
(Being 1,000 shares of R 10 each R 8 called up
issued at a premium of R 2 per share forfeited
for non payment of allotment money of R 5
per share including premium and first call of R
2 per share)
Bank A/c Dr. 9,800
To Share Capital A/c 7,000
To Securities premium reserve A/c 2,800
(Being 700 shares reissued @ R 14 per share
fully paid-up) 1
Share forfeited A/c Dr. 2,100
To Capital Reserve A/c 2,100
(Being first call money due)
(b)
Journal 1
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
Share Capital A/c Dr. 80,000
To Share Forfeited A/c 40,000
To Discount on issue of shares A/c 10,000
To Share first Call A/c 30,000

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(Being 1,000 shares of R 100 each R 80 called
up issued at a discount of 10% forfeited for
non payment of first call of R 30 per share) 1
Bank A/c Dr. 28,000
Discount on issue of shares A/c Dr. 4,000
To Share Capital A/c 32,000
(Being 400 shares reissued @ R 70 per share
R 80 paid-up)
Share forfeited A/c Dr. 16,000
To Capital Reserve A/c 16,000
1
(Being gain on reissue of forfeited shares
transferred to capital reserve)

1
=
6 Marks
14 13 15 Q. Parth and Shivika.....................Bank Account.
Ans.
Realisation A/c
Particulars Amt (R) Particulars Amt (R)
To Stock 50,000 By Shivika’s Sister Loan 20,000
To Debtors 27,000 By Sundry Creditors 80,000
To Furniture 2,20,000 By Bank – assets realised:
To Bank(Sundry creditors) 80,000 Furniture – 1,05,000
To Bank (Sister Loan+ Interest) 22,000 Debtors – 26,000 1,31,000
To Bank (Exp.) 5,000 By Parth’s Capital A/c 88,000 2½
(Furniture)
By Shivika’s Capital A/c(Stock) 29,000
By Loss Transferred to
Partners’ Capital A/c:
Parth 33,600
Shivika 22,400 56,000

4,04,000 4,04,000

Partner’s Capital A/c

Particulars Parth Shivika Particulars Parth Shivika
(R) (R) (R) (R)
To Realisation A/c 88,000 --- By Balance b/d 1,75,000 1,94,000
To Realisation A/c --- 29,000 2
To Realisation A/c 33,600 22,400
To Bank A/c 53,400 1,42,600

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1,75,000 1,94,000 1,75,000 1,94,000

Dr. Bank A/c Cr.

Particulars Amount (R) Particulars Amount (R)
To Bal. b/d 1,72,000 By Realisation 22,000
(loan + interest)
To realisation
(assets realized) By Realisation (creditors) 80,000
Furniture 1,05,000 By Realisation A/c 5,000 1½
Debtors 26,000 1,31,000 (Expenses)
By Parth’s Capital A/c 53,400
By Shivika’s Capital A/c 1,42,600
=
6 Marks
3,03,000 3,03,000
st
15 - - Q. On March 31 , 2014..............................rectifying entry.
Ans.
Journal
Date Particulars LF Dr (R) Cr (R)
2014 Eleen’s Capital A/c Dr. 3,850
Mar 31 To Monu’s Capital A/c 2,950 2
To Ahmad’s Capital A/c 900
(Being interest on capital and interest on
drawings omitted, now adjusted)
Working Notes:
Calculation of Opening Capital :
Eleen Monu Ahmad
Closing Capitals 1,60,000 1,20,000 80,000
2
Less: Profits (20,000) (10,000) (10,000)
Add: Drawings 24,000 24,000 48,000
Opening Capitals 1,64,000 1,34,000 1,18,000
Table showing adjustment:
Eleen Monu Ahmad Total
Interest on Capital (Cr.) 16,400 13,400 11,800 41,600
Interest on Drawing (Dr.) 650 650 1,100 2,400 2
Net (Cr.) 15,750 12,750 10,700 39,200
Profits already distributed (Dr.) 19,600 9,800 9,800 39,200
Net Effect 3,850 2,950 900 --- =
(Dr.) (Cr.) (Cr.) 6 Marks

Note: In case the working notes have been correctly prepared in a different form, full credit
may be given.
16 17 16 Q. Rolga Ltd...............................of the company.
Ans.
Books of Rolga Ltd.
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Equity Share Application A/c Dr. 12,00,000 ½
To Equity Share Capital A/c 12,00,000
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(For application money received on 40,000
shares)
ii. Equity Share Allotment A/c Dr. 16,00,000
1
To Equity Share Capital A/c 8,00,000
To Securities premium/ Securities premium 8,00,000
reserve A/c
(For equity share allotment made)
iii. Equity Share first call A/c Dr. 20,00,000
To Equity Share Capital A/c 20,00,000 ½
(For first call money due on 40,000 shares)
iv. Equity Share Capital A/c Dr. 30,000
Securities premium/ Securities premium 2,000 1
reserve A/c Dr.
To Share Forfeiture A/c 13,000
To Equity share allotment A/c 4,000
To Equity Share first Call A/c/ Calls in arrear 15,000
A/c
(For 300 shares forfeited)

v. Share Forfeiture A/c Dr. 9,000

To Share Capital A/c 9,000 ½
(For forfeited shares reissued)
vi. Share Forfeiture A/c Dr. 4,000
½
To Capital Reserve A/c 4,000
(For forfeiture of reissued shares transferred)

Dr. Cash Book (Bank Column Only) Cr.

Particulars Amount (R) Particulars Amount (R)
To Equity Share Application 12,00,000 By Balance C/d 48,02,000
A/c 4
To Equity Share Allotment A/c 15,96,000
To Equity Share first call A/c 19,85,000
To Equity Share Capital A/c =
21,000
8 Marks
48,02,000 48,02,000
16 17 16 Q. Mamta Fab Ltd..................................of the company.
OR OR OR Ans.
Books of Mamta Fab Ltd.
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Bank A/c Dr. 15,00,000 ½
To Equity Share Application A/c 15,00,000
(For application money received)
Equity Share Application A/c Dr. 15,00,000

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ii. To Equity Share Capital A/c 10,00,000
To Bank A/c 5,00,000 1
(For application money transferred to share
capital )
iii. Equity Share Allotment A/c Dr. 15,00,000
Discount on issue of shares A/c Dr. 5,00,000
To Equity share Capital A/c 20,00,000 ½
(For allotment money due)
iv. Bank A/c Dr. 14,75,000
To Equity share Allotment A/c 14,55,000
To Calls in Advance A/c 20,000 1
(For allotment money received)
v. Equity Share first Call A/c Dr. 10,00,000
To Equity share capital A/c ½
10,00,000
(For first call due)
vi. Bank A/c Dr. 10,15,000
Calls in advance A/c Dr. 10,000
To Equity Share First Call A/c 9,80,000 1
To Equity share allotment A/c 45,000
(For first call received except on 1000 shares)
OR
Bank A/c Dr. 10,15,000
Calls in arrears A/c Dr. 20,000
Calls in advance A/c Dr. 10,000
To Equity Share first call A/c 10,00,000
To Equity share allotment A/c 45,000
(For first call money received except on 1000
shares)
vii. Equity share second call A/c Dr. 10,00,000
½
To Equity share Capital A/c 10,00,000
(For second call due on 50,000 shares)
viii. Bank A/c Dr. 9,70,000
Calls in advance A/c Dr. 10,000
1
To Equity share second call A/c 9,80,000
(For second call received except on 1000
shares)
OR
Bank A/c Dr. 9,70,000
Calls in arrear A/c Dr. 20,000
Calls in advance A/c Dr. 10,000
To Equity share second call A/c 10,00,000
(For second call received except on 1000
shares)
ix. Equity Share capital A/c Dr. 1,00,000
1
To Share forfeiture A/c 50,000
To Equity share First Call A/c 20,000
To Equity share final call A/c 20,000
To Discount on issue of shares A/c 10,000
(For 1000 shares forfeited)
OR
Equity Share capital A/c Dr. 1,00,000
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To Share forfeiture A/c 50,000
To Calls in arrears A/c 40,000
To Discount on issue of shares A/c 10,000
(For 1000 shares forfeited)
x. Bank A/c Dr. 1,20,000
To Equity share Capital A/c 1,00,000 ½
To Securities Premium Reserve A/c 20,000
(For 1000 shares reissued @ R 120 per share)
xi. Share Forfeiture A/c Dr. 50,000
To Capital Reserve A/c 50,000 ½
(For share forfeiture transferred) =
8 Marks

17 16 17 Q. Following is..................................Capital Accounts.

Ans.
Revaluation A/c
Dr Cr
Particulars Amt (R) Particulars Amt (R)
To Plant & machinery A/c 28,000 By Stock A/c 500
To Debtors A/c 500 By loss transferred to
Partner’s Capital A/c: 2
Abha 14,000
Binay 14,000 28,000

28,500 28,500
Partner’s Capital A/c
Particulars Abha Binay Chitra Particulars Abha Binay Chitra
(R) (R) (R) (R) (R) (R)
To Revaluation 14,000 14,000 --- By Balance b/d 55,000 30,000 ---
A/c By Workmen
To Goodwill 5,000 5,000 --- Compensation 7,500 7,500 ---
A/c Fund A/c
To P/L A/c By Premium for 2,500 2,500 ---
2,500 2,500 --- 6
To Stock A/c 4,000 4,000 --- Goodwill A/c
To Bank A/c 12,500 --- --- By Bank A/c --- 12,500 18,000
To Balance c/d 27,000 27,000 18,000

65,000 52,500 18,000 65,000 52,500 18,000 =

8 Marks

17 16 17 Q. Lalit, Madhur..........................paid off.

OR OR OR Ans.

Revaluation A/c
Dr Cr
Particulars Amt (R) Particulars Amt (R)
To Workmen 6,000 By Provision A/c 1,000
Compensation Claim A/c By Loss transferred to
To Investment A/c 15,000 Partner’s Capital A/c

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Lalit -10,000 2
Madhur -6,000
Neena - 4,000 20,000

21,000 21,000

Partner’s Capital A/c

Particulars Lalit Madhur Neena Particulars Lalit Madhur Neena
(R) (R) (R) (R) (R) (R)
To Madhur’s 10,930 --- 4,370 By Balance b/d 50,000 40,000 25,000
Capital A/c By Lalit’s Capital --- 10,930 ---
A/c
10,000 6,000 4,000 --- 4,370 ---
To Goodwill By Neena’s
A/c Capital A/c

To P/L A/c 5,000 3,000 2,000

To Revaluation 10,000 6,000 4,000

A/c 4

To Cash A/c --- 10,300 ---

To Madhur’s
--- 30,000 ---
Loan A/c

To Balance c/d 14,070 --- 10,630

50,000 55,300 25,000 50,000 55,300 25,000

Madhur’s Loan A/c

Date Particulars Amount Date Particulars Amount
(R) (R)
31.3.14 To Bank A/c 18,000 1.4.13 By Madhur’s 30,000
Capital A/c
31.3.14 To Balance C/d 15,000 31.3.14 By Interest A/c 3,000
2
33,000 33,000

31.3.15 To Bank A/c 16,500 1.4.14 By Balance B/d 15,000

16,500 31.3.15 By Interest A/c 1,500
16,500 =
8 Marks

PART B
(Financial Statements Analysis)
18 19 18 Q. Kaveri Ltd.................................activities.
Ans. 1 Mark
(d) Operating Activities
19 18 19 Q. ‘G Ltd.”......................................activities.
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Ans. 1 Mark
R 9,00,000
20 - - Q. (a) Under which.................................. analysis.
Ans.
S.No. Items Headings Sub headings
1 Bank Overdraft Current liabilities Short term borrowings

2 Cheques in hand Current assets Cash and cash

2
equivalents
3 Loose Tools Current assets Inventories

4 Long Term Provisions Non current liabilities --

Q. (b) State...................................analysis.
Ans. (Any two)
 Historical Analysis 2
 Ignores price level changes
 Ignores qualitative changes
 Suffers from limitations of financial statement. =
4 Marks
 Not free from bias etc.
(Or any other suitable limitation)
21 - - Q. With the help..............................employed.
Ans.
Return on Investment
= Net Profit before Interest, tax and Dividend / Capital Employed x 100 ½

Net Profit before Tax = 6,00,000 x 100 / 60 = R 10,00,000 1 =

Net Profit before Interest, tax and Dividend =10,00,000 + 1,00,000 = R 11,00,000 4 Marks
½
Capital Employed = R 80,00,000 ½
Return on Investment = R 11,00,000 / R 80,00,000 x 100
= 13.45%
1½

22 22 20 Q. Vineet................................above case.
Ans.
a) Net Profit Ratio

As on 31-03-2013 = Net Profit after tax / Revenue from operations x 100 2

1
= 5,40,000 / 12,00,000 x 100
= 45%
As on 31-03-2014 = Net Profit after tax / Revenue from operations x 100
= 7,20,000 / 16,00,000 x 100 1
= 45%

b) Values: (Any two)

 Promoting healthy living.
 Participation of Employees in excess profits. 2

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 Treating employees a part of the company.
 Ethical practices of company =
 Hard work and honesty of employees. 4 Marks
 Serving the organisation with dignity.
(Or any other suitable value)
23 23 23 Q. Following...........................was sold.
Ans.

Cash flow statement of Srestha Ltd.

For the year ended 31st March 2014 as per AS-3 (Revised)
Particulars Details (R) Amount (R)

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Cash Flows from Operating Activities:
Net Profit before tax & extraordinary items 2,00,000
Add: Provision for Tax 70,000
Add: Non cash and non-operating charges
Depreciation on machinery 2,06,000
Loss on sale of machinery 4,000
Operating profit before working capital changes 4,80,000 2
Less: Increase in Current Assets
Increase in inventories (90,000)
Less: Decrease in Current Liabilities
Decrease in trade payables (50,000)
Operating profit after working capital changes 3,40,000 2
Less: Tax Paid (60,000)
Cash generated from Operating Activities 2,80,000
Cash flows from Investing Activities :
Purchase of machinery (6,30,000)
2
Sale of machinery 20,000
Purchase of Goodwill (2,00,000)
Cash used in investing activities (8,10,000)
Cash flows from Financing Activities: =
Issue of share capital 5,00,000 6 Marks
Money raised from long term borrowings 1,00,000
Cash from financing activities 6,00,000
70,000
Net increase in cash & cash equivalents
Add: Opening balance of cash & cash equivalents: 1,20,000
Closing Balance of cash & cash equivalents: 1,90,000

PART C
(Computerized Accounting)
18 19 19 Q. The grouping........................data from:
Ans. (d) Assets, Capital, Liabilities, Revenue and Expenses 1 Mark

19 18 18 Q. Database design........................to:
Ans. 1 Mark
(a) Description of the structure of different parts of the overall database.
20 22 21 Q. Differentiate between........................................ four basis.

Ans. (Any four)

Basis Desktop Database Server base data base
1. Application Single User Multiple User
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2. Additional provision Not present Present
for reliability 1x4
3. Cost Less costly Costly =
4 Marks
4. Flexibility regarding Not present Present
choice of performance,
front and application.
5. Examples MS Access Oracle, SQL etc.
6. Suitability Small office, Home office Large business houses
and organisations
21 20 22 Q. Explain.........................in Tally.
Ans.
Vouchers are of three types:
(a) Contra Voucher: It is used for fund transfer between cash and bank account
=
only (Example)
4 Marks
(b) Receipt Voucher: All inflow of money is recorded through receipt voucher.
Such receipt may be towards any income such as receipt from debtors,
loan/advance taken or refund of loan/advance. (Example)
(c) Payment Voucher: All outflow of money is recorded through payment
voucher. Such payments may be toward any purchase expense, due to
creditors, loan/advances etc. (Example)
(d) Journal Voucher: Journal is an adjustment voucher, normally used for non
cash transactions like adjustment between the ledgers.
22 21 20 Q. Explain any............................Graphs/ Charts.
Ans.
Following are the advantages of using Graph/ Charts: (Any two) 2x2
1. Help to explore =
4 Marks
2. Help to present
3. Help to convince. Suitable Explanation.
23 - - Q. Explain the following ........................................Dates.
Ans.
Formatting of spreadsheet makes easier to read and understand important
information.

Currency: Excel is equipped to incorporate various currency signs in pictorial form for
dollar it uses $ similarly for other currencies also. If the user instructs the use of the 2x3
format it will assign a currency format along with entry (Example). =
Percentage: If we enter a value representing a percentage as a whole number 6 Marks
followed by the percentage sign without any decimal places, Excel assigns to the cell
percentage format that follows the pattern along with the entry. (Example)
Date: If we enter a date (dates are values, too) that follows one of the built in excel
formats, such as 16-04-2014 or 16 Apr-2014 the program assigns a date format that
follows the pattern of the date (Example)
Q. Set No. Marking Scheme 2014-15 Distribution
of marks
67/ 67/ 67/ Accountancy (055) (Compartment)
1/1 1/2 1/3
Delhi – 67/1/2
Expected Answers / Value points
- 1 - Q. Kishan, Neelam and Ashima.......................answer.
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Ans.
No, he is not correct. 1 Mark
Reason: He will get interest @4% p.a. because of the agreement between Rehman and the
firm.
1 2 6 Q. When the new ......................credited to:.
Ans. (c) Premium for Goodwill Account. 1 Mark
6 3 2 Q. Differentiate between.........................’Profit and Loss Suspense Account’.
Ans. 1 Mark
Basis Profit & Loss Appropriation Account Profit & Loss Suspense Account
Preparation Profit & Loss Appropriation A/c is Profit & Loss Suspense A/c is
prepared to distribute profit among prepared to calculate profit for a
partners according to the provisions particular time period before the
of partnership deed or Partnership end of the accounting year.
Act.
3 4 1 Q. At the time of retirement......................Capital accounts of:
Ans. 1 Mark
(b) All partners, in the old profit sharing ratio.
4 5 5 Q.When does a company........................Redemption Reserve’?
Ans. 1 Mark
Debenture redemption reserve is created when debentures have to be redeemed out of
profits.
- 6 - Q. A forfeited......................above.
Ans. 1 Mark
(c) be reissued at a maximum discount equal to the amount forfeited.
10 7 10 Q. On 1st April 2012.................................redemption of debentures.
Ans.
Books of Alka Ltd.
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Own Debenture A/c Dr. 18,800 1½
To Bank A/c 18,800
(For purchase of own debentures )
ii. 9% Debenture A/c Dr. 20,000
To Own Debenture A/c 18,800
1
To Profit on redemption of Debenture A/c 1,200
(For own debentures purchased being
cancelled)
iii. Profit on redemption of Debenture A/c Dr. 1,200
To Capital Reserve A/c 1,200 ½
(For profits on cancellation of debentures =
transferred to capital reserve ) 3 Marks
7 8 9 Q. Nishit Automobiles.............................to the society.
Ans.
Books of Nishit Automobiles Ltd.
Journal
Date Particulars LF Dr (R) Cr (R)
i. Bank A/c Dr. 70,00,000
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To Equity Share Application & AllotmentA/c 70,00,000 ½
(For application money received on 70,000
equity shares of R100 each at par)
ii. Equity Share Application & Allotment A/c Dr. 70,00,000
To Equity Share Capital A/c 70,00,000 ½
(For equity share application money
transferred to share capital A/c)

iii. Bank A/c Dr. 24,00,000

To 9% Debenture Application & Allotment A/c 24,00,000
½
(For application money received on 60,000 9%
debentures of R 40 each )
iv. 9% Debenture Application & Allotment A/c Dr. 24,00,000
To 9 % Debentures A/c 24,00,000
(For amount due on 60,000 9% debentures @ R ½
40 each)
Value which the company wants to communicate to the society (Any one):

 Welfare of employees
 Environment awareness
 Employment in the backward areas 1
 Spreading literacy
(OR any other suitable value)
Note: In case combined entries for issue of shares and debentures have been passed full =
credit is to be given. 3 Marks
- 9 - Q. The average.......................super profit.
Ans.
Average Profit = R 80,000, Undervaluation of Stock = 8,000
½ =
Average Profit = 80,000 + 8,000 = R 88,000 ½ 3 Marks
Normal Profit = Capital Investment x Normal Rate of Return = 8,00,000 x 8/100 = R 64,000
Super Profit = 88,000 – 64,000 = R 24,000 1
Goodwill = 24,000 x 7 = R 1,68,000
1
- 10 - Q. Aishwarya Ltd..............................debentures.
Ans.

Books of Aishwarya Ltd.

Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Bank A/c Dr. 21,00,000
To 10% Debenture Application A/c 21,00,000
(For application money received on 7,000 10% ½
Debentures @ R 300 each)

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ii. 10% Debenture Application A/c Dr. 21,00,000
To 10% Debenture A/c 21,00,000 ½
(For application money adjusted)
iii. 10% Debenture Allotment A/c Dr. 42,00,000
Loss on issue of debenture A/c Dr. 3,50,000
Discount on issue of debenture A/c Dr. 7,00,000 1½
To 10% Debenture A/c 49,00,000
To Premium on redemption of debenture A/c 3,50,000
(For allotment money due)
OR
10% Debenture Allotment A/c Dr. 42,00,000
Loss on issue of debenture A/c Dr. 10,50,000
To 10% Debenture A/c 49,00,000
To Premium on redemption of debenture A/c 3,50,000
(For allotment money due)
iv. Bank A/c Dr. 42,00,000
½
To 10% Debenture Allotment A/c 42,00,000
=
(For allotment money received) 3 Marks
12 11 12 Q. On 31st March,2014............................to his executors.
Ans.
Dr. Qureshi’s Capital A/c Cr.
Particulars Amount (R) Particulars Amount (R)
To Interest on loan A/c ½ 4,000 By Balance b/d 1,00,000 ½
To Loan A/c 1,00,000 By Reserve Fund A/c ½ 50,000 =
To Qureshi’s Executor ½ 68,875 By P/L Suspense A/c 2,625 ½ 4 Marks
A/c By Paras A/c ½ 13,500
By Ross A/c 6,750
½ ½
1,72,875 1,72,875
- 12 - Q. Asha, Naveen and Shalini....................Naveen’s retirement.
Ans.
Journal
Date Particulars LF Dr (R) Cr (R)
i. Asha’s Capital A/c Dr. 40,000
Naveen’s Capital A/c Dr. 24,000
Shalini’s Capital A/c Dr. 16,000 1½
To Goodwill A/c 80,000
( For the existing goodwill written off in the old
ratio)
ii. General Reserve A/c Dr. 40,000
To Asha’s Capital A/c 20,000
To Naveen’s Capital A/c 12,000
To Shalini’s Capital A/c 8,000 1
( For the amount of general reserve distributed
among the partners in old ratio)
iii. Shalini’s Capital A/c Dr. 48,000
To Naveen’s Capital A/c 36,000
To Asha’s Capital A/c 12,000 1½

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(For the adjustment made for goodwill on
Karan’s retirement)
Working Notes: Calculation of Gaining / Sacrificing Ratio
Asha = 5/10 – 2/5 = 1/10 (Sacrifice) =
Shalini = 2/10 – 3/5 = -4/10 (Gain) 4 Marks
14 13 15 Q. Parth and Shivika.....................Bank Account.
Ans.
Realisation A/c
Particulars Amt (R) Particulars Amt (R)
To Stock 50,000 By Shivika’s Sister Loan 20,000
To Debtors 27,000 By Sundry Creditors 80,000
To Furniture 2,20,000 By Bank – assets realised:
To Bank(Sundry creditors) 80,000 Furniture – 1,05,000
To Bank (Sister Loan+ Interest) 22,000 Debtors – 26,000 1,31,000
To Bank (Exp.) 5,000 By Parth’s Capital A/c 88,000 2½
(Furniture)
By Shivika’s Capital A/c(Stock) 29,000
By Loss Transferred to
Partners’ Capital A/c:
Parth 33,600
Shivika 22,400 56,000
4,04,000 4,04,000
Partner’s Capital A/c
Particulars Parth Shivika Particulars Parth Shivika
(R) (R) (R) (R)
To Realisation A/c 88,000 --- By Balance b/d 1,75,000 1,94,000
To Realisation A/c --- 29,000 2
To Realisation A/c 33,600 22,400
To Bank A/c 53,400 1,42,600
1,75,000 1,94,000 1,75,000 1,94,000

Dr. Bank A/c Cr.

Particulars Amount (R) Particulars Amount (R)
To Bal. b/d 1,72,000 By Realisation 22,000
(loan + interest)
To realisation By Realisation (creditors) 80,000
(assets realized) By Realisation A/c 5,000 1½
Furniture 1,05,000 (Expenses)
Debtors 26,000 1,31,000 By Parth’s Capital A/c 53,400 =
By Shivika’s Capital A/c 1,42,600 6 Marks

3,03,000 3,03,000
- 14 - Q. On March 31st, 2014..............................rectifying entry.
Ans.
Journal
Date Particulars LF Dr (R) Cr (R)
2014 Saroj’s Capital A/c Dr. 2,350
Mar 31 Mahinder’s Capital A/c Dr. 1,300 2
To Umar’s Capital A/c 3,650
(Being interest on capital and interest on
drawings omitted, now adjusted)

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Working Notes:
Calculation of Opening Capital :
Saroj Mahinder Umar
Closing Capitals 80,000 60,000 40,000 2
Less: Profits (40,000) (30,000) (10,000)
Add: Drawings 24,000 24,000 36,000
Opening Capitals 64,000 54,000 66,000
Table showing adjustment:
Saroj Mahinder Umar Total
Interest on Capital (Cr.) 6,400 5,400 6,600 18,400
Interest on Drawing (Dr.) 550 550 900 2,000
Net (Cr.) 5,850 4,850 5,700 16,400 2
Profits already distributed (Dr.) 8,200 6,150 2,050 16,400 =
6 Marks
Net Effect 2,350 1,300 3,650 ---
(Dr.) (Dr.) (Cr.)
13 15 14 Q. (a) Fill in the blank.......................reserve.
Ans.
(a)
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
Share Capital A/c Dr. 8,000
Securities Premium Reserve A/c Dr. 2,000
To Share Forfeited A/c 3,000 1
To Share Allotment A/c 5,000
To Share first Call A/c 2,000
(Being 1,000 shares of R 10 each R 8 called up
issued at a premium of R 2 per share forfeited
for non payment of allotment money of R 5
per share including premium and first call of R
2 per share)

Bank A/c Dr. 9,800

To Share Capital A/c 7,000
To Securities premium reserve A/c 2,800
(Being 700 shares reissued @ R 14 per share 1
fully paid-up)
Share forfeited A/c Dr. 2,100
To Capital Reserve A/c 2,100
(Being gain on reissue of forfeited shares
transferred to capital reserve )
1
(b)
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )

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Share Capital A/c Dr. 80,000
To Share Forfeited A/c 40,000
To Discount on issue of shares A/c 10,000
To Share first Call A/c 30,000
1
(Being 1,000 shares of R 100 each R 80 called
up issued at a discount of 10% forfeited for
non payment of first call of R 30 per share)
Bank A/c Dr. 28,000
Discount on issue of shares A/c Dr. 4,000
To Share Capital A/c 32,000
(Being 400 shares reissued @ R 70 per share
R 80 paid-up) 1
Share forfeited A/c Dr. 16,000
To Capital Reserve A/c 16,000
(Being gain on reissue of forfeited shares
transferred to capital reserve)

1
=
6 Marks
17 16 17 Q. Following is..................................Capital Accounts.
Ans.
Revaluation A/c
Dr Cr
Particulars Amt (R) Particulars Amt (R)
To Plant & machinery A/c 28,000 By Stock A/c 500
To Debtors A/c 500 By loss transferred to 2
Partner’s Capital A/c:
Abha 14,000
Binay 14,000 28,000

28,500 28,500

Partner’s Capital A/c

Particulars Abha Binay Chitra Particulars Abha Binay Chitra
(R) (R) (R) (R) (R) (R)
To Revaluation 14,000 14,000 --- By Balance b/d 55,000 30,000 ---
A/c By Workmen
To Goodwill 5,000 5,000 --- Compensation 7,500 7,500 --- 6
A/c Fund A/c
To P/L A/c By Premium for 2,500 2,500 ---
2,500 2,500 ---
To Stock A/c 4,000 4,000 --- Goodwill A/c
To Bank A/c 12,500 --- --- By Bank A/c --- 12,500 18,000
To Balance c/d 27,000 27,000 18,000
=
8 Marks
65,000 52,500 18,000 65,000 52,500 18,000

17 16 17 Q. Lalit, Madhur..........................paid off.

OR OR OR
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Ans.
Revaluation A/c
Dr Cr
Particulars Amt (R) Particulars Amt (R)
To Workmen 6,000 By Provision A/c 1,000
Compensation Claim A/c By Loss transferred to 2
To Investment A/c 15,000 Partner’s Capital A/c
Lalit -10,000
Madhur -6,000
Neena - 4,000 20,000

21,000 21,000
Partner’s Capital A/c
Particulars Lalit Madhur Neena Particulars Lalit Madhur Neena
(R) (R) (R) (R) (R) (R)
To Madhur’s 10,930 --- 4,370 By Balance b/d 50,000 40,000 25,000
Capital A/c By Lalit’s Capital --- 10,930 ---
A/c
10,000 6,000 4,000 --- 4,370 ---
To Goodwill By Neena’s
A/c Capital A/c

To P/L A/c 5,000 3,000 2,000

4
To Revaluation 10,000 6,000 4,000
A/c

To Cash A/c --- 10,300 ---

To Madhur’s
--- 30,000 ---
Loan A/c

To Balance c/d 14,070 --- 10,630

50,000 55,300 25,000 50,000 55,300 25,000

Madhur’s Loan A/c

Date Particulars Amount Date Particulars Amount
(R) (R)
31.3.14 To Bank A/c 18,000 1.4.13 By Madhur’s 30,000
Capital A/c 2
31.3.14 To Balance C/d 15,000 31.3.14 By Interest A/c 3,000

33,000 33,000

31.3.15 To Bank A/c 16,500 1.4.14 By Balance B/d 15,000 =

31.3.15 By Interest A/c 1,500 8 Marks
16,500 16,500

16 17 16 Q. Rolga Ltd...............................of the company.

Ans.

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Books of Rolga Ltd.

Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Equity Share Application A/c Dr. 12,00,000 ½
To Equity Share Capital A/c 12,00,000
(For application money received on 40,000
shares)
ii. Equity Share Allotment A/c Dr. 16,00,000 1
To Equity Share Capital A/c 8,00,000
To Securities premium/ Securities premium 8,00,000
reserve A/c
(For equity share allotment made)
iii. Equity Share first call A/c Dr. 20,00,000
½
To Equity Share Capital A/c 20,00,000
(For first call money due on 40,000 shares)
iv. Equity Share Capital A/c Dr. 30,000
Securities premium/ Securities premium 2,000 1
reserve A/c Dr.
To Share Forfeiture A/c 13,000
To Equity share allotment A/c 4,000
To Equity Share first Call A/c/ Calls in arrear 15,000
A/c
(For 100 shares forfeited)
v. Share Forfeiture A/c Dr. 9,000
To Share Capital A/c 9,000 ½
(For forfeited shares reissued)
vi. Share Forfeiture A/c Dr. 4,000
To Capital Reserve A/c 4,000 ½
(For forfeiture of reissued shares transferred)
Dr. Cash Book (Bank Column Only) Cr.
Particulars Amount (R) Particulars Amount (R)
To Equity Share Application 12,00,000 By Balance C/d 48,02,000
A/c
To Equity Share Allotment A/c 15,96,000 4
To Equity Share first call A/c 19,85,000
To Equity Share Capital A/c
21,000
=
8 Marks
48,02,000 48,02,000
16 17 16 Q. Mamta Fab Ltd..................................of the company.
OR OR OR Ans.

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Books of Mamta Fab Ltd.

Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Bank A/c Dr. 15,00,000
To Equity Share Application A/c 15,00,000 ½
(For application money received)
Equity Share Application A/c Dr. 15,00,000
ii. To Equity Share Capital A/c 10,00,000
To Bank A/c 5,00,000
(For application money transferred to share 1
capital )
iii. Equity Share Allotment A/c Dr. 15,00,000
Discount on issue of shares A/c Dr. 5,00,000
To Equity share Capital A/c 20,00,000
(For allotment money due) ½
iv. Bank A/c Dr. 14,75,000
To Equity share Allotment A/c 14,55,000
To Calls in Advance A/c 20,000
(For allotment money received) 1
v. Equity Share first Call A/c Dr. 10,00,000
To Equity share capital A/c 10,00,000
(For first call due) ½
vi. Bank A/c Dr. 10,15,000
Calls in advance A/c Dr. 10,000
To Equity Share First Call A/c 9,80,000
To Equity share allotment A/c 45,000 1
(For first call received except on 1000 shares)
OR
Bank A/c Dr. 10,15,000
Calls in arrears A/c Dr. 20,000
Calls in advance A/c Dr. 10,000
To Equity Share first call A/c 10,00,000
To Equity share allotment A/c 45,000
(For first call received except on 1000 shares)
vii. Equity share second call A/c Dr. 10,00,000
To Equity share Capital A/c 10,00,000
(For second call due on 50,000 shares)
½
viii. Bank A/c Dr. 9,70,000
Calls in advance A/c Dr. 10,000
To Equity share second call A/c 9,80,000
(For second call received except on 1000
1
shares)
OR
Bank A/c Dr. 9,70,000
Calls in arrear A/c Dr. 20,000
Calls in advance A/c Dr. 10,000
To Equity share second call A/c 9,80,000
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(For second call received except on 1000
shares)
ix. Equity Share capital A/c Dr. 1,00,000
To Share forfeiture A/c 50,000
To Equity share First Call A/c 20,000
To Equity share final call A/c 20,000
To Discount on issue of shares A/c 10,000 1
(For 1000 shares forfeited)
OR
Equity Share capital A/c Dr. 1,00,000
To Share forfeiture A/c 50,000
To Calls in arrears A/c 40,000
To Discount on issue of shares A/c 10,000
(For 1000 shares forfeited)
x. Bank A/c Dr. 1,20,000
To Equity share Capital A/c 1,00,000
To Securities Premium Reserve A/c 20,000
(For 1000 shares reissued @ R 120 per share)
xi. Share Forfeiture A/c Dr. 50,000 ½
To Capital Reserve A/c 50,000
(For share forfeiture transferred)
½
=
8 Marks
PART B
(Financial Statements Analysis)
19 18 19 Q. ‘G Ltd.”......................................activities.
Ans. 1 Mark
R 9,00,000
18 19 18 Q. Kaveri Ltd.................................activities.
Ans. 1 Mark
(a) Operating Activities
- 20 - Q. With the help..............................employed.

Ans.
Return on Investment
= Net Profit before Interest, tax and Dividend / Capital Employed x 100 ½

Net Profit before Tax = R 16,00,000 1

Net Profit before Interest, tax and Dividend = R 16,90,000 ½ =
4 Marks
Capital Employed = R 2,00,00,000 ½
Return on Investment = R 16,90,000 / R 2,00,00,000 x 100
= 8.45%
1½

- 21 - Q. (a) Under which.................................. analysis.

Ans.
S.No. Items Headings Sub headings

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1 Bank Overdraft Current liabilities Short term borrowings 2

2 Cheques in hand Current assets Cash and cash

equivalents
3 Loose Tools Current assets Inventories

4 Long Term Provisions Non current liabilities --

Q. (b) What...................................statements.
2
Ans. Financial Analysis is the process of identifying the financial strengths and
weaknesses of the firm by properly establishing relationships between the various =
items of the balance sheet and the profit and loss account. 4 Marks
(Or any other suitable definition)
22 22 20 Q. Vineet................................above case.
Ans.
a) Net Profit Ratio
As on 31-03-2013 = Net Profit after tax / Revenue from operations x 100
1 2
= 5,40,000 / 12,00,000 x 100
= 45%
As on 31-03-2014 = Net Profit after tax / Revenue from operations x 100
= 7,20,000 / 16,00,000 x 100 1
= 45%
b) Values: (Any two)
 Promoting healthy living. 2
 Participation of Employees in excess profits.
 Treating employees a part of the company. =
 Ethical practices of company 4 Marks
 Hard work and honesty of employees.
 Serving the organisation with dignity.
(Or any other suitable value)

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23 23 23 Q. Following...........................was sold.
Ans.

Cash flow statement of Srestha Ltd.

For the year ended 31st March 2014 as per AS-3 (Revised)
Particulars Details (R) Amount (R)
Cash Flows from Operating Activities:
Net Profit before tax & extraordinary items 2,00,000
Add: Provision for Tax 70,000
Add: Non cash and non-operating charges
Depreciation on machinery 2,06,000
Loss on sale of machinery 4,000
Operating profit before working capital changes 4,80,000
Less: Increase in Current Assets
Increase in inventories (90,000)
Less: Decrease in Current Liabilities
Decrease in trade payables (50,000)
Operating profit after working capital changes 3,40,000
Less: Tax Paid (60,000)
Cash generated from Operating Activities 2,80,000 2
Cash flows from Investing Activities :
Purchase of machinery (6,30,000)
Sale of machinery 20,000
Purchase of Goodwill (2,00,000)
Cash used in investing activities (8,10,000)
2
Cash flows from Financing Activities:
Issue of share capital 5,00,000
Money raised from long term borrowings 1,00,000
Cash from financing activities 6,00,000 2
70,000
Net increase in cash & cash equivalents
Add: Opening balance of cash & cash equivalents: 1,20,000
=
Closing Balance of cash & cash equivalents 1,90,000 6 Marks

PART C
(Computerized Accounting)
19 18 18 Q. Database design........................to: 1 Mark
Ans.
Description of the structure of different parts of the overall database.
18 19 19 Q. The grouping........................data from: 1 Mark
Ans. (d) Assets, Capital, Liabilities, Revenue and Expenses
21 20 22 Q. Explain.........................in Tally.
Ans. Vouchers are of three types:
(a) Contra Voucher: It is used for fund transfer between cash and bank account
only (Example)
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(b) Receipt Voucher: All inflow of money is recorded through receipt voucher.
Such receipt may be towards any income such as receipt from debtors,
loan/advance taken or refund of loan/advance. (Example)
(c) Payment Voucher: All outflow of money is recorded through payment
voucher. Such payments may be toward any purchase expense, due to
=
creditors, loan/advances etc. (Example)
4 Marks
(d) Journal Voucher: Journal is an adjustment voucher, normally used for non
cash transactions like adjustment between the ledgers.
22 21 20 Q. Explain any............................Graphs/ Charts.
Ans. Following are the advantages of using Graph/ Charts: (Any two) 2x2
1. Help to explore =
2. Help to present 4 Marks
3. Help to convince. Suitable Explanation.
20 22 21 Q. Differentiate between........................................ four basis.
Ans. (Any four)
Basis Desktop Database Server base data base
1. Application Single User Multiple User
1x4
2. Additional provision Not present Present =
for reliability 4 Marks
3. Cost Less costly Costly
4. Flexibility regarding Not present Present
choice of performance,
front and application.
5. Examples MS Access Oracle, SQL etc.
6. Suitability Small office, Home office Large business houses
and organisations
- 23 - Q. State the ..............................Error.
Ans.This error occurs when wrong type of argument is used. To correct following
steps can be taken:
i. Optionally click the cell that displays the error, click the button that appears,
then click show calculation steps if it appears.
ii. Review the following causes and solutions:
 Entering text when formula requires a number or a logical value. =
 Making sure that the formula or function is correct for operand or 6 Marks
argument.
 Entering or editing an array formula, and then pressing Enter.
 Select the cell or range of cells that contains the array formula. Press
F2 to edit the formula and then press CTRL + SHIFT + ENTER.
 Make sure that the array constant is not a cell reference, formula or
function.
 Supplying a range to an operator or a function that requires single
value, not range.
 Change the range to a single value.
 Change the range to include either the same row or the same column
that contains the formula.
Q. Set No. Marking Scheme 2014-15 Distribution
of marks
67/ 67/ 67/ Accountancy (055) (Compartment)
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1/1 1/2 1/3
Delhi – 67/1/3
Expected Answers / Value points
3 4 1 Q. At the time of retirement......................Capital accounts of:
Ans. 1 Mark
(b) All partners, in the old profit sharing ratio.

6 3 2 Q. Differentiate between.........................’Profit and Loss Suspense Account’.

1 Mark
Ans.
Basis Profit & Loss Appropriation Account Profit & Loss Suspense Account
Preparation Profit & Loss Appropriation A/c is Profit & Loss Suspense A/c is
prepared to distribute profit among prepared to calculate profit for a
partners according to the provisions particular time period before the
of partnership deed or Partnership end of the accounting year.
Act.
- - 3 Q. Nipun, Vasu..........................answer.

Ans. 1 Mark
No, he is not correct.
Reason: He will get interest @12% p.a. because of the agreement between Varun and the
firm.

- - 4 Q. Gama Chemicals Ltd.......................above.

Ans. =
(iv) None of the above 1 Mark

4 5 5 Q.When does a company........................Redemption Reserve’?

Ans. 1 Mark
Debenture redemption reserve is created when debentures have to be redeemed out of
profits.
1 2 6 Q. When the new ......................credited to:. 1 Mark

Ans. (c) Premium for Goodwill Account.

- - 7 Q. The average.......................profit.
Ans.
Average Profit = R 95,000, Undervaluation of Stock = 10,000
½
Average Profit = 95,000 + 10,000 = R 1,05,000 ½ =
Normal Profit = Capital Investment X Normal Rate of Return = 9,00,000 X 9/100 = R 81,000 3 Mark
Super Profit = 1,05,000 – 81,000 = R 24,000 1
Goodwill = 24,000 X 8 = R 1,92,000
1
- - 8 Q. Nandini Ltd..............................debentures.
Ans.

Books of Nandini Ltd.

Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
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i. Bank A/c Dr. 30,00,000
To 8% Debenture Application A/c 30,00,000
(For application money received on 60,000 8% ½
Debentures @ R 100 each)
ii. 8% Debenture Application A/c Dr. 30,00,000
To 8% Debenture A/c 30,00,000
(For application money adjusted) ½
iii. 8% Debenture Allotment A/c Dr. 24,00,000
Loss on issue of debenture A/c Dr. 3,00,000
Discount on issue of debenture A/c Dr. 6,00,000
To 8% Debenture A/c 30,00,000 1½
To Premium on redemption of debenture A/c 3,00,000
(For allotment money due)
OR
8% Debenture Allotment A/c Dr. 24,00,000
Loss on issue of debenture A/c Dr. 9,00,000
To 8% Debenture A/c 30,00,000
To Premium on redemption of debenture A/c 3,00,000
(For allotment money due)

iv. Bank A/c Dr. 24,00,000

To 8% Debenture Allotment A/c 24,00,000
(For allotment money received)
½
=
3 Marks
7 8 9 Q. Nishit Automobiles.............................to the society.
Ans.
Books of Nishit Automobiles Ltd.
Journal
Date Particulars LF Dr (R) Cr (R)
i. Bank A/c Dr. 70,00,000
To Equity Share Application & AllotmentA/c 70,00,000 ½
(For application money received on 70,000
equity shares of R100 each at par)
ii. Equity Share Application & Allotment A/c Dr. 70,00,000 ½
To Equity Share Capital A/c 70,00,000
(For equity share application money
transferred to share capital A/c)
iii. Bank A/c Dr. 24,00,000
To 9% Debenture Application & Allotment A/c 24,00,000
½
(For application money received on 60,000
9%debentures of R 40 each )
iv. 9% Debenture Application & Allotment A/c Dr. 24,00,000
To 9 % Debentures A/c 24,00,000
(For amount due on 60,000 9% debentures @ R ½
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40 each)

Value which the company wants to communicate to the society (Any one):
 Welfare of employees
 Environment awareness
 Employment in the backward areas
 Spreading literacy 1
(OR any other suitable value)
Note: In case combined entries for issue of shares and debentures have been passed full
credit is to be given. =
3 Marks
10 7 10 Q. On 1st April 2012.................................redemption of debentures.
Ans.
Books of Alka Ltd.
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Own Debenture A/c Dr. 18,800 1½
To Bank A/c 18,800
(For purchase of own debentures )
ii. 9% Debenture A/c Dr. 20,000
To Own Debenture A/c 18,800
1
To Profit on redemption of Debenture A/c 1,200
(For own debentures purchased being
cancelled)
iii. Profit on redemption of Debenture A/c Dr. 1,200
To Capital Reserve A/c 1,200 ½
(For profits on cancellation of debentures
transferred to capital reserve ) =
3 Marks
- - 11 Q. Prabhat, Qasim....................Qasim’s retirement.
Ans.
Journal
Date Particulars LF Dr (R) Cr (R)
i. Prabhat’s Capital A/c Dr. 40,000
Qasim’s Capital A/c Dr. 30,000 1½
Roger’s Capital A/c Dr. 20,000
To Goodwill A/c 90,000
( For the existing goodwill written off in the old
ratio)
ii. General Reserve A/c Dr. 45,000
To Prabhat’s Capital A/c 20,000
To Qasim’s Capital A/c 15,000 1
To Roger’s Capital A/c 10,000
( For the amount of general reserve distributed
among the partners in old ratio)
iii. Roger’s Capital A/c Dr. 48,000
To Qasim’s Capital A/c 36,000 1½
To Prabhat’s Capital A/c 12,000
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(For the adjustment made for goodwill on
Qasim’s retirement)
Working Notes: Calculation of Gaining / Sacrificing Ratio
Prabhat = 4/9 – 1/3 = 1/9 (Sacrifice) =
Roger = 2/9 – 2/3 = -4/9 (Gain) 4 Marks
12 11 12 Q. On 31st March,2014............................to his executors.
Ans.
Dr. Qureshi’s Capital A/c Cr.
Particulars Amount (R) Particulars Amount (R)
To Interset on loanA/c ½ 4,000 By Balance b/d 1,00,000 ½
To Loan A/c 1,00,000 By Reserve Fund A/c ½ 50,000 =
To Qureshi’s Executor ½ 68,875 By P/L Suspense A/c 2,625 ½ 4 Marks
A/c By Paras A/c ½ 13,500
By Ross A/c 6,750
½ ½
1,72,875 1,72,875

- - 13 Q. On March 31st, 2014..............................rectifying entry.

Ans.
Journal
Date Particulars LF Dr (R) Cr (R)
2014 Alka’s Capital A/c Dr. 15,300
Mar 31 Ramneek’s Capital A/c Dr. 3,100 2
To Hardik’s Capital A/c 18,400
(Being interest on capital and interest on
drawings omitted, now adjusted)
Working Notes:
Calculation of Opening Capital :
Alka Hardik Ramneek
Closing Capitals 9,00,000 5,00,000 3,00,000
2
Less: Profits (1,08,000) (36,000) (36,000)
Add: Drawings 40,000 60,000 40,000
Opening Capitals 8,32,000 5,24,000 3,04,000

Table showing adjustment:

Alka Hardik Ramneek Total
Interest on Capital (Cr.) 83,200 52,400 30,400 1,66,000
Interest on Drawing (Dr.) 1,000 1,500 1,000 3,500
Net (Cr.) 82,200 50,900 29,400 1,62,500 2
Profits already distributed (Dr.) 97,500 32,500 32,500 1,62,500 =
Net Effect 15,300 18,400 3,100 --- 6 Marks
(Dr.) (Cr.) (Dr.)
13 15 14 Q. (a) Fill in the blank.......................reserve.
Ans.
(a)
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
Share Capital A/c Dr. 8,000
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Securities Premium Reserve A/c Dr. 2,000
To Share Forfeited A/c 3,000 1
To Share Allotment A/c 5,000
To Share first Call A/c 2,000
(Being 1,000 shares of R 10 each R 8 called up
issued at a premium of R 2 per share forfeited
for non payment of allotment money of R 5
per share including premium and first call of R
2 per share)
Bank A/c Dr. 9,800
To Share Capital A/c 7,000
To Securities premium reserve A/c 2,800
(Being 700 shares reissued @ R 14 per share
fully paid-up) 1
Share forfeited A/c Dr. 2,100
To Capital Reserve A/c 2,100
(Being first call money due)
(b) 1
Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
Share Capital A/c Dr. 80,000
To Share Forfeited A/c 40,000
To Discount on issue of shares A/c 10,000
To Share first Call A/c 30,000
(Being 1,000 shares of R 100 each R 80 called 1
up issued at a discount of 10% forfeited for
non payment of first call of R 30 per share)
Bank A/c Dr. 28,000
Discount on issue of shares A/c Dr. 4,000
To Share Capital A/c 32,000
(Being 400 shares reissued @ R 70 per share
R 80 paid-up)
Share forfeited A/c Dr. 16,000
To Capital Reserve A/c 16,000 1
(Being gain on reissue of forfeited shares
transferred to capital reserve)

1
=
6 Marks
14 13 15 Q. Parth and Shivika.....................Bank Account.
Ans.
Realisation A/c
Particulars Amt (R) Particulars Amt (R)
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To Stock 50,000 By Shivika’s Sister Loan 20,000
To Debtors 27,000 By Sundry Creditors 80,000
To Furniture 2,20,000 By Bank – assets realised:
To Bank(Sundry creditors) 80,000 Furniture – 1,05,000
To Bank (Sister Loan+ Interest) 22,000 Debtors – 26,000 1,31,000
To Bank (Exp.) 5,000 By Parth’s Capital A/c 88,000 2½
(Furniture)
By Shivika’s Capital A/c(Stock) 29,000
By Loss Transferred to
Partners’ Capital A/c:
Parth 33,600
Shivika 22,400 56,000

4,04,000 4,04,000
Partner’s Capital A/c
Particulars Parth Shivika Particulars Parth Shivika
(R) (R) (R) (R)
To Realisation A/c 88,000 --- By Balance b/d 1,75,000 1,94,000
To Realisation A/c --- 29,000
2
To Realisation A/c 33,600 22,400
To Bank A/c 53,400 1,42,600

1,75,000 1,94,000 1,75,000 1,94,000

Dr. Bank A/c Cr.

Particulars Amount (R) Particulars Amount (R)
To Bal. b/d 1,72,000 By Realisation 22,000
(loan+interest)
To realisation
(assets realized) By Realisation (creditors) 80,000
Furniture 1,05,000
1½
Debtors 26,000 1,31,000
By Realisation A/c 5,000
(Expenses)
By Parth’s Capital A/c 53,400
=
By Shivika’s Capital A/c 1,42,600
6 Marks
3,03,000 3,03,000
16 17 16 Q. Rolga Ltd...............................of the company.
Ans.

Books of Rolga Ltd.

Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Equity Share Application A/c Dr. 12,00,000
To Equity Share Capital A/c 12,00,000 ½
(For application money received on 40,000
shares)
ii. Equity Share Allotment A/c Dr. 16,00,000

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To Equity Share Capital A/c 8,00,000
To Securities premium/ Securities premium 8,00,000 1
reserve A/c
(For equity share allotment made)
iii. Equity Share first call A/c Dr. 20,00,000
To Equity Share Capital A/c 20,00,000
(For first call money due on 40,000 shares) ½
iv. Equity Share Capital A/c Dr. 30,000
Securities premium/ Securities premium 2,000
reserve A/c Dr.
1
To Share Forfeiture A/c 13,000
To Equity share allotment A/c 4,000
To Equity Share first Call A/c/ Calls in arrear 15,000
A/c
(For 100 shares forfeited)
v. Share Forfeiture A/c Dr. 9,000
To Share Capital A/c 9,000
(For forfeited shares reissued) ½
vi. Share Forfeiture A/c Dr. 4,000
To Capital Reserve A/c 4,000
(For forfeiture of reissued shares transferred) ½

Dr. Cash Book (Bank Column Only) Cr.

Particulars Amount (R) Particulars Amount (R)
To Equity Share Application 12,00,000 By Balance C/d 48,02,000
A/c
To Equity Share Allotment A/c 15,96,000
To Equity Share first call A/c 4
19,85,000
To Equity Share Capital A/c
21,000
=
48,02,000 48,02,000 8 Marks

16 17 16 Q. Mamta Fab Ltd..................................of the company.

OR OR OR Ans.

Books of Mamta Fab Ltd.

Journal
Date Particulars LF Dr. Amt Cr. Amt
(R) (R )
i. Bank A/c Dr. 15,00,000
To Equity Share Application A/c 15,00,000
(For application money received) ½
Equity Share Application A/c Dr. 15,00,000
ii. To Equity Share Capital A/c 10,00,000
To Bank A/c 5,00,000
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(For application money transferred to share 1
capital )
iii. Equity Share Allotment A/c Dr. 15,00,000
Discount on issue of shares A/c Dr. 5,00,000
To Equity share Capital A/c 20,00,000
(For allotment money due) ½
iv. Bank A/c Dr. 14,75,000
To Equity share Allotment A/c 14,55,000
To Calls in Advance A/c 20,000 1
(For allotment money received)
v. Equity Share first Call A/c Dr. 10,00,000
To Equity share capital A/c 10,00,000
(For first call due) ½
vi. Bank A/c Dr. 10,15,000
Calls in advance A/c Dr. 10,000
To Equity Share First Call A/c 9,80,000
To Equity share allotment A/c 45,000 1
(For first call received except on 1000 shares)
OR
Bank A/c Dr. 10,15,000
Calls in arrears A/c Dr. 20,000
Calls in advance A/c Dr. 10,000
To Equity Share first call A/c 10,00,000
To Equity share allotment A/c 45,000
(For first call money received except on 1000
shares)
vii. Equity share second call A/c Dr. 10,00,000
To Equity share Capital A/c 10,00,000
½
(For second call due on 50,000 shares)
viii. Bank A/c Dr. 9,70,000
Calls in advance A/c Dr. 10,000
To Equity share second call A/c 9,80,000
1
(For second call received except on 1000
shares)
OR
Bank A/c Dr. 9,70,000
Calls in arrear A/c Dr. 20,000
Calls in advance A/c Dr. 10,000
To Equity share second call A/c 9,80,000
(For second call received except on 1000
shares)
ix. Equity Share capital A/c Dr. 1,00,000
To Share forfeiture A/c 50,000
To Equity share First Call A/c 20,000
1
To Equity share final call A/c 20,000
To Discount on issue of shares A/c 10,000
(For 1000 shares forfeited)
OR
Equity Share capital A/c Dr. 1,00,000
To Share forfeiture A/c 50,000
To Calls in arrears A/c 40,000
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To Discount on issue of shares A/c 10,000
(For 1000 shares forfeited)
x. Bank A/c Dr. 1,20,000
To Equity share Capital A/c 1,00,000
To Securities Premium Reserve A/c 20,000
(For 1000 shares reissued @ R 120 per share) ½
xi. Share Forfeiture A/c Dr. 50,000
To Capital Reserve A/c 50,000
(For share forfeiture transferred)
½
=
8 Marks

17 16 17 Q. Following is..................................Capital Accounts.

Ans.

Revaluation A/c
Dr Cr
Particulars Amt (R) Particulars Amt (R)
To Plant & machinery A/c 28,000 By Stock A/c 500
To Debtors A/c 500 By loss transferred to 2
Partner’s Capital A/c:
Abha 14,000
Binay 14,000 28,000

28,500 28,500
Partner’s Capital A/c
Particulars Abha Binay Chitra Particulars Abha Binay Chitra
(R) (R) (R) (R) (R) (R)
To Revaluation 14,000 14,000 --- By Balance b/d 55,000 30,000 ---
A/c By Workmen
To Goodwill 5,000 5,000 --- Compensation 7,500 7,500 ---
A/c Fund A/c 6
To P/L A/c By Premium for 2,500 2,500 ---
2,500 2,500 ---
To Stock A/c 4,000 4,000 --- Goodwill A/c
To Bank A/c 12,500 --- --- By Bank A/c --- 12,500 18,000
To Balance c/d 27,000 27,000 18,000
=
65,000 52,500 18,000 65,000 52,500 18,000 8 Marks

17 16 17 Q. Lalit, Madhur..........................paid off.

OR OR OR Ans.

Revaluation A/c
Dr Cr
Particulars Amt (R) Particulars Amt (R)
To Workmen 6,000 By Provision A/c 1,000
Compensation Claim A/c By Loss transferred to 2
To Investment A/c 15,000 Partner’s Capital A/c
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Lalit -10,000
Madhur -6,000
Neena - 4,000 20,000

21,000 21,000

Partner’s Capital A/c

Particulars Lalit Madhur Neena Particulars Lalit Madhur Neena
(R) (R) (R) (R) (R) (R)
To Madhur’s 10,930 --- 4,370 By Balance b/d 50,000 40,000 25,000
Capital A/c By Lalit’s Capital --- 10,930 ---
A/c
10,000 6,000 4,000 --- 4,370 ---
To Goodwill By Neena’s
A/c Capital A/c

To P/L A/c 5,000 3,000 2,000

4
To Revaluation 10,000 6,000 4,000
A/c

To Cash A/c --- 10,300 ---

To Madhur’s
--- 30,000 ---
Loan A/c

To Balance c/d 14,070 --- 10,630

50,000 55,300 25,000 50,000 55,300 25,000

Madhur’s Loan A/c
Date Particulars Amount Date Particulars Amount
(R) (R)
31.3.14 To Bank A/c 18,000 1.4.13 By Madhur’s 30,000
Capital A/c
31.3.14 To Balance C/d 15,000 31.3.14 By Interest A/c 3,000 2
33,000 33,000

31.3.15 To Bank A/c 16,500 1.4.14 By Balance B/d 15,000

16,500 31.3.15 By Interest A/c 1,500 =
16,500 8 Marks

PART B
(Financial Statements Analysis)
18 19 18 Q. Kaveri Ltd.................................activities.
Ans. 1 Mark
(d) Operating Activities
19 18 19 Q. ‘G Ltd.”......................................activities.
Ans. 1 Mark

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R 9,00,000
22 22 20 Q. Vineet................................above case.
Ans.

a) Net Profit Ratio

As on 31-03-2013 = Net Profit after tax / Revenue from operations x 100

1
= 5,40,000 / 12,00,000 x 100
= 45% 2
As on 31-03-2014 = Net Profit after tax / Revenue from operations x 100
= 7,20,000 / 16,00,000 x 100 1
= 45%

b) Values: (Any two)

 Promoting healthy living.
 Participation of Employees in excess profits.
 Treating employees a part of the company.
 Ethical practices of company 2
 Hard work and honesty of employees.
=
 Serving the organisation with dignity.
4 Marks
(Or any other suitable value)
- - 21 Q. With the help..............................employed.
Ans.
Return on Investment
= Net Profit before Interest, tax and Dividend / Capital Employed x 100 ½

Net Profit before Tax = R 15,00,000 1

Net Profit before Interest, tax and Dividend = R 16,20,000 ½
=
Capital Employed = R 82,20,000 ½ 4 Marks
Return on Investment = R 16,20,000 / R 82,20,000 x 100
= 19.71%
1½

- - 22 Q. (a) Under which.................................. analysis.

Ans.

S.No. Items Headings Sub headings

1 Bank Overdraft Current liabilities Short term borrowings

2 Cheques in hand Current assets Cash and cash 2

equivalents
3 Loose Tools Current assets Inventories

4 Long Term Provisions Non Current liabilities --

Q. (b) State................................analysis.
Ans. (Any two)

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 Assessing the earning capacity or profitability
 Assessing managerial efficiency
 To measure the solvency 2
 To make comparative study with other firms
 To measure the financial strength =
4 Marks
 To provide useful information to management
(Or any other suitable objective)
23 23 23 Q. Following...........................was sold.
Ans.
Cash flow statement of Srestha Ltd.
For the year ended 31st March 2014 as per AS-3 (Revised)
Particulars Details (R) Amount (R)
Cash Flows from Operating Activities:
Net Profit before tax & extraordinary items 2,00,000
Add: Provision for Tax 70,000
Add: Non cash and non-operating charges
Provision for Tax 2,06,000
Depreciation on machinery 4,000
Loss on sale of machinery 4,80,000
Operating profit before working capital changes
Less: Increase in Current Assets (90,000)
Increase in inventories
Less: Decrease in Current Liabilities (50,000)
Decrease in trade payables 3,40,000
Operating profit after working capital changes (60,000)
Less: Tax Paid 2,80,000 2
Cash generated from Operating Activities
Cash flows from Investing Activities : (6,30,000)
Purchase of machinery 20,000
Sale of machinery (2,00,000)
Purchase of Goodwill (8,10,000)
2
Cash used in investing activities
Cash flows from Financing Activities: 5,00,000
Issue of share capital 1,00,000
Money raised from long term borrowings 6,00,000
Cash from financing activities 70,000

Net increase in cash & cash equivalents 1,20,000

2
Add: Opening balance of cash & cash equivalents: 1,90,000 =
Closing Balance of cash & cash equivalents: 6 Marks

PART C
(Computerized Accounting)

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19 18 18 Q. Database design........................to:
Ans. 1 Mark
(b) Description of the structure of different parts of the overall database.
18 19 19 Q. The grouping........................data from: 1 Mark
Ans. (d) Assets, Capital, Liabilities, Revenue and Expenses
22 21 20 Q. Explain any............................Graphs/ Charts.
Ans.
Following are the advantages of using Graph/ Charts: (Any two) 2x2
4. Help to explore =
4 Marks
5. Help to present
6. Help to convince. Suitable Explanation.
20 22 21 Q. Differentiate between........................................ four basis.
Ans. (Any four)

Basis Desktop Database Server base data base

1. Application Single User Multiple User
2. Additional provision Not present Present 1x4
for reliability =
3. Cost Less costly Costly 4 Marks
4. Flexibility regarding Not present Present
choice of performance,
front and application.
5. Examples MS Access Oracle, SQL etc.
6. Suitability Small office, Home office Large business houses
and organisations
21 20 22 Q. Explain.........................in Tally.
Ans.
Vouchers are of three types:
(e) Contra Voucher: It is used for fund transfer between cash and bank account
=
only (Example)
4 Marks
(f) Receipt Voucher: All inflow of money is recorded through receipt voucher.
Such receipt may be towards any income such as receipt from debtors,
loan/advance taken or refund of loan/advance. (Example)
(g) Payment Voucher: All outflow of money is recorded through payment
voucher. Such payments may be toward any purchase expense, due to
creditors, loan/advances etc. (Example)
(h) Journal Voucher: Journal is an adjustment voucher, normally used for non
cash transactions like adjustment between the ledgers.
- - 23 Q. What is meant.........................its benefits.
Ans.
A format change, such as background cell shading or font colour that is applied to a
cell when a specified condition for the data in the cell is true. Conditional formatting
is often applied to worksheets to find:
 Data that is above or below a certain value.
 Duplicate data values.
 Cells containing specific text.

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 Data that is above or below average. =
 Data that falls in the top ten or bottom ten values. 6 Marks
Benefits of using conditional formatting:
 Helps in answering questions which are important for taking decisions.
 Guides with help of using visuals.
 Helps in understanding distribution and variation of critical data.

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