H$moS> Z§.

Code No. 67/C/1

amob Z§. narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
Roll No. >na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.

ZmoQ> NOTE
(I) H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV (I) Please check that this question
n¥ð> 31 h¢ & paper contains 31 printed pages.

(II) àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE H$moS (II) Code number given on the right
>Zå~a H$mo N>mÌ CÎma-nwpñVH$m Ho$ _wI-n¥ð> na hand side of the question paper
{bI| & should be written on the title page of
the answer-book by the candidate.
(III) H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| (III) Please check that this question
>32 àíZ h¢ & paper contains 32 questions.

(IV) H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go (IV) Please write down the Serial
nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$ Number of the question in the
Adí` {bI| & answer-book before attempting it.
(V) Bg àíZ-nÌ H$mo n‹T>Zo Ho$ {bE 15 {_ZQ >H$m (V) 15 minute time has been allotted to
g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU read this question paper. The
nydm©• _| 10.15 ~Oo {H$`m OmEJm & question paper will be distributed
10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db at 10.15 a.m. From 10.15 a.m. to
10.30 a.m., the students will read the
àíZ-nÌ H$mo n‹T>|Jo Am¡a Bg Ad{Y Ho$ Xm¡amZ question paper only and will not
do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo & write any answer on the
answer-book during this period.

boImemñÌ
ACCOUNTANCY

{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80

Time allowed : 3 hours Maximum Marks : 80

.67/B/1 1 P.T.O.
gm_mÝ` {ZX}e :
{ZåZ{b{IV {ZX}em| H$mo ~hþV gmdYmZr go n{‹T>E Am¡a CZH$m g™Vr go nmbZ H$s{OE :
(i) `h àíZ-nÌ Xmo ^mJm| _§| {d^m{OV {H$`m J`m h¡  ^mJ H$ Ed§ ^mJ I & Bg àíZ-nÌ _|
32 àíZ h¢ & g^r àíZ A{Zdm`© h¢ &
(ii) ^mJ H$ g^r narjm{W©`m| Ho$ {bE A{Zdm`© h¡ &
(iii) ^mJ I _| Xmo {dH$ën {XE JE h¢  (1) {dÎmr` {ddaUm| H$m {díbofU VWm (2) A{^H${bÌ
boIm§H$Z & Bg_| {XE JE {dH$ënm| _| go Amn {H$gr EH$ {dH$ën Ho$ àíZm| Ho$ CÎma {b{IE &
(iv) M`{ZV {dH$ën Ho$ àíZm| H$m CÎma Amaå^ H$aZo go nyd© CÎma -nwpñVH$m na M`Z {H$E JE
{dH$ën H$m erf©H$ Adí` {b{IE &
(v) àíZ g§»`m 1 go 13 VWm 23 go 29 VH$ A{V bKw-CÎmar` àH$ma Ho$ àíZ h¢, àË`oH$ àíZ
1 A§H$ H$m h¡ &
(vi) àíZ g§»`m 14 Am¡a 30 bKw-CÎmar` àH$ma – I Ho$ àíZ h¢, àË`oH$ àíZ 3 A§H$m| H$m h¡ &
(vii) àíZ g§»`m 15 go 18 VWm 31 bKw-CÎmar` àH$ma – II Ho$ àíZ h¢, àË`oH$ àíZ 4 A§H$m| H$m h¡ &
(viii) àíZ g§»`m 19, 20 VWm 32 XrK©-CÎmar` àH$ma – I Ho$ àíZ h¢, àË`oH$ àíZ 6 A§H$m| H$m h¡ &
(ix) àíZ g§»`m 21 Am¡a 22 XrK©-CÎmar` àH$ma – II Ho$ àíZ h¢, àË`oH$ àíZ 8 A§H$m| H$m h¡ &
(x) CÎma g§{já VWm q~Xþdma hmoZo Mm{hE & {H$gr ^mJ> Ho$ g^r àíZm| Ho$ CÎma EH$ hr ñWmZ na
{bIo OmZo Mm{hE &
(xi) H$moB© g_J« {dH$ën Zht h¡ & hmbm±{H$ VrZ-VrZ A§H$m| dmbo 2 àíZm| _§o, Mma-Mma$ A§H$m| dmbo
2 àíZm| _§o, N>:-N>: A§H$m| dmbo 1 àíZ _§o Am¡a AmR>-AmR> A§H$m| dmbo 2 àíZm| _§o Am§V[aH$
{dH$ën {X`m J`m h¡ & AmnH$mo Eogo àíZm| _| Ho$db EH$ hr {dH$ën H$m CÎma XoZm h¡ &
(xii) BgHo$ A{V[aº$, Amdí`H$VmZwgma, àË`oH$ ^mJ> Am¡a àíZ Ho$ gmW AbJ-AbJ `Wmo{MV
{ZX}e {XE JE h¢ &
^mJ> H$
(Abm^H$mar g§JR>Zm|, gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
1. Abm^H$mar g§JR>Zm| _| dh ImVm Omo ‘amoH$‹S>-~hr$’ Ho$ boZXoZm| H$m dJuH¥$V gmam§e Xem©Vm h¡,
H$hbmVm h¡ : 1
(A) Am` VWm ì`` ImVm
(B) àm{á Ed§ ^wJVmZ ImVm
(C) bm^ VWm hm{Z ImVm
(D) MÝXm ImVm
2. àË`oH$ {V_mhr Ho$ AÝV _| EH$ {ZpíMV am{e Ho$ AmhaU na ã`mO bJmZo H$s Am¡gV Ad{Y,
_hrZm| _| Xr{OE & 1

.67/B/1 2
Downloaded from:- www.commerceschool.in
General Instructions :
Read the following instructions very carefully and strictly follow them :
(i) This question paper comprises two parts  A and B. There are
32 questions in the question paper. All questions are compulsory.
(ii) Part A is compulsory for all candidates.
(iii) Part B has two options i.e. (1) Analysis of Financial Statements and
(2) Computerized Accounting. You have to attempt only one of the given
options.
(iv) Heading of the option opted must be written on the Answer-Book before
attempting the questions of that particular OPTION.
(v) Question nos. 1 to 13 and 23 to 29 are very short-answer type questions,
carrying 1 mark each.
(vi) Question nos. 14 and 30 are short-answer type–I questions, carrying
3 marks each.
(vii) Question nos. 15 to 18 and 31 are short-answer type–II questions, carrying
4 marks each.
(viii) Question nos. 19, 20 and 32 are long-answer type–I questions, carrying
6 marks each.
(ix) Question nos. 21 and 22 are long-answer type–II questions, carrying
8 marks each.
(x) Answers should be brief and to the point. The answer of each part should
be written at one place.
(xi) There is no overall choice. However, an internal choice has been provided
in 2 questions of three marks, 2 questions of four marks, 1 question of
six marks and 2 questions of eight marks. You have to attempt only one of
the choices in such questions.
(xii) However, separate instructions are given with each part and question,
wherever necessary.
PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)

1. The account which shows classified summary of transactions of a ‘Cash

Book’ in a Not-for-Profit Organisation is called : 1
(A) Income and Expenditure A/c
(B) Receipts and Payments A/c
(C) Profit and Loss A/c
(D) Subscriptions A/c

2. Give the average period, in months, for charging interest on drawings of

a fixed amount, withdrawn at the end of each quarter. 1

.67/B/1 3 P.T.O.
3. EŠg, dmB© VWm µO¡S> EH$ \$_© Ho$ gmPoXma h¢ VWm 6 : 4 : 1 Ho$ AZwnmV _o| bm^-hm{Z ~m±Q>Vo
h¢ & EŠg Zo µO¡S> H$mo < 15,000 bm^ H$s Jma§Q>r Xr h¡ & 31 _mM©, 2019 H$mo g_má hþE
df© H$m ewÕ bm^ < 99,000 Wm & \$_© Ho$ bm^ _| EŠg H$m ^mJ hmoJm : 1
(A) < 30,000
(B) < 15,000
(C) < 48,000
(D) < 45,000

4. EH$ \$_© H$m {nN>bo Hw$N> dfm] H$m Am¡gV bm^ < 1,50,000 h¡ & Bgr àH$ma Ho$ ì`dgm` _|
{Zdo{eV ny±Or na gm_mÝ` à{V\$b Xa 10% h¡ & A{Ybm^ ny±OrH$aU {d{Y go \$_© H$s »`m{V
H$s JUZm H$s{OE `{X \$_© H$m A{Ybm^ < 50,000 h¡ & 1

5. »`m{V _yë` h¡ ______________________ & 1

6. H$, I VWm J EH$ \$_© Ho$ gmPoXma Wo VWm 1 : 1 : 1 Ho$ AZwnmV _o| bm^-hm{Z ~m±Q>Vo Wo &
2 3 6
K H$mo \$_© _| 1 d| ^mJ Ho$ {bE EH$ Z`m gmPoXma ~Zm`m J`m & J AnZm _yb ^mJ ~ZmE
6
aIoJm & ZE bm^-{d^mOZ AZwnmV H$s JUZm H$s{OE & 1

7. EH$ ZE gmPoXma Ûmam A{YJ«hU {H$E JE {H$gr EH$ A{YH$ma H$m C„oI H$s{OE & 1

8. {H$gr g_Pm¡Vo Ho$ A^md _| _¥V gmPoXma Ho$ {ZînmXH$ H$mo Xo` eof AXÎm am{e na ã`mO Xa
hmoVr h¡ 1
(A) 8% dm{f©H$
(B) 6% dm{f©H$
(C) 9% dm{f©H$
(D) 12% dm{f©H$

9. H$, I VWm J EH$ \$_© Ho$ gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV _o| bm^-hm{Z ~m±Q>Vo Wo &
25 \$adar, 2019 H$mo I H$s _¥Ë`w hmo JB© & _¥Ë`w H$s {V{W VH$ bm^ _| I Ho$ ^mJ H$s JUZm
< 5,000 H$s JB©> &
BgHo$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï> H$s{OE & 1

.67/B/1 4
Subscribe YouTube Channel:- Commerce School - CBSE

3. X, Y and Z are partners in a firm sharing profits and losses in the ratio of
6 : 4 : 1. X guaranteed a profit of < 15,000 to Z. The net profit for the year
ending 31st March, 2019 was < 99,000. X’s share in the profit of the firm
will be : 1
(A) < 30,000
(B) < 15,000
(C) < 48,000
(D) < 45,000

4. Average profit of a firm during the last few years is < 1,50,000. In similar
business, the normal rate of return is 10% of the capital employed.
Calculate the value of goodwill by capitalisation of super profit method if
super profits of the firm are < 50,000. 1

5. Goodwill is the value of ______________________ . 1

6. A, B and C were partners in a firm sharing profits and losses in the ratio
1 1 1 1
of : : . D was admitted in the firm for th share. C would retain
2 3 6 6
his original share. Calculate the new profit sharing ratio. 1

7. State any one right acquired by a newly admitted partner. 1

8. In the absence of any agreement, the rate of interest payable on the

amount remaining unpaid to the executor of deceased partner is 1
(A) 8% p.a.
(B) 6% p.a.
(C) 9% p.a.
(D) 12% p.a.

9. A, B and C were partners in a firm sharing profits and losses in the ratio
of 2 : 2 : 1. On 25th February, 2019, B died. B’s share of profit till the date
of his death was calculated at < 5,000.
Pass the necessary journal entry for the same in the books of the firm. 1
.67/B/1 5 P.T.O.
10. ‘n[ag§n{Îm`m| VWm Xo`VmAm| Ho$ {ZnQ>mZ’ Ho$ AmYma na ‘gmPoXmar Ho$ {dKQ>Z’ VWm ‘gmPoXmar
\$_© Ho$ {dKQ>Z’ _| AÝVa ñnï> H$s{OE & 1
11. EH$ \$_© Ho$ {dKQ>Z na < 75,000 Ho$ EH$ boZXma Zo AnZo Xmdo Ho$ nyU© {ZnQ>mZ hoVw
< 60,000 H$m \$ZuMa ñdrH$ma H$a {b`m & Amdí`H$ amoµOZm_Mm à{d{ï> H$s{OE & 1
12. EH$ H$ånZr H$s Zht _m±Jr JB© ny±Or H$m EH$ ^mJ {Ogo Ho$db H$ånZr Ho$ {dKQ>Z Ho$ g_`
_m±Jm Om gH$Vm h¡, __________ ny±Or H$hbmVr h¡ & 1
13. ~rQ>m {b{_Q>oS> Zo dfm© ~¢H$ go < 6,00,000 Ho$ G$U Ho$ {bE, < 100 àË`oH$ Ho$ 10,000,
9% G$UnÌm| H$m {ZJ©_Z g§nmpíd©H$ à{V^y{V Ho$ ê$n _| {H$`m &
G$UnÌm| H$mo g§nmpíd©H$ à{V^y{V Ho$ ê$n _| {ZJ©{_V H$aZo H$s Amdí`H$ amoµOZm_Mm à{d{ï>
H$s{OE & 1
14. {ZåZ{b{IV _Xm| H$mo 31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE EH$ Šb~ Ho$ ‘Am` VWm
ì`` ImVo’ VWm Cgr {V{W H$mo pñW{V {ddaU _| {H$g àH$ma àñVwV {H$`m OmEJm ? 3
<
1 Aà¡b, 2018 H$mo IobHy$X à{V`mo{JVm H$mof 3,00,000
1 Aà¡b, 2018 H$mo 10% IobHy$X à{V`mo{JVm H$mof {Zdoe 3,00,000
IobHy$X à{V`mo{JVm H$mof {Zdoem| na àmá ã`mO 30,000
IobHy$X à{V`mo{JVm {Q>H$Q>m| H$s {~H«$s 75,000
IobHy$X à{V`mo{JVm nwañH$ma {XE JE 60,000
AWdm
{ZåZ{b{IV gyMZm go, 31 _mM©, 2019 H$mo g_má hwE df© Ho$ {bE EH$ ñnmoQ²>©g Šb~ Ho$
‘Am` VWm ì`` ImVo’ Ho$ Zm_ nj _| IVm¡Zr H$s OmZo dmbr ñnmoQ²>©g gm_J«r am{e H$s JUZm
H$s{OE : 3
<
1 Aà¡b, 2018 H$mo ñnmoQ²>©g gm_J«r H$m ñQ>m°H$ 10,000
31 _mM©, 2019 H$mo ñnmoQ²>©g gm_J«r H$m ñQ>m°H$ 7,500
1 Aà¡b, 2018 H$mo ñnmoQ²>©g gm_J«r Ho$ boZXma 20,000
31 _mM©, 2019 H$mo ñnmoQ²>©g gm_J«r Ho$ boZXma 22,500
31 _mM©, 2019 H$mo g_má hþE df© _| ñnmoQ²>©g
gm_J«r Ho$ boZXmam| H$mo ^wJVmZ 1,00,000

.67/B/1 6
10. Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of
Partnership Firm’ on the basis of ‘Settlement of Assets and Liabilities’. 1

11. On dissolution of a firm, a creditor of < 75,000 accepted furniture at

< 60,000 in full settlement of his claim. Pass the necessary journal entry. 1

12. A portion of uncalled capital of a company to be called only in the event of

winding up of the company is known as ___________ capital. 1

13. Beta Ltd. issued 10,000, 9% Debentures of < 100 each as collateral
security for a loan of < 6,00,000 taken from Varsha Bank.
Pass the necessary journal entry for the issue of debentures as collateral
security. 1

14. How will the following items be presented in the ‘Income and
Expenditure Account’ of a club for the year ending 31st March, 2019 and
the Balance Sheet as on that date ? 3
<
Tournament Fund on 1st April, 2018 3,00,000
10% Tournament Fund Investments on 1st April, 2018 3,00,000
Interest received on Tournament Fund Investments 30,000
Sale of Tournament Tickets 75,000
Tournament prizes awarded 60,000

OR
From the following information, calculate the amount of sports material
to be debited to ‘Income and Expenditure Account’ of a sports club for the
year ending 31st March, 2019 : 3
<
Stock of Sports Material on 1st April, 2018 10,000
Stock of Sports Material on 31st March, 2019 7,500
Creditors for Sports Material on 1st April, 2018 20,000
Creditors for Sports Material on 31st March, 2019 22,500
Payment made to creditors of Sports Material
during the year ending 31st March, 2019 1,00,000
.67/B/1 7 P.T.O.
15. dgybr ImVo _§o {d{^Þ n[agån{Îm`m| (amoH$‹S> VWm ~¢H$ H$mo N>mo‹S>H$a) VWm V¥Vr` nj Xo`VmAm|
Ho$ hñVm§VaU Ho$ níMmV², EH$ gmPoXmar \$_© Ho$ {dKQ>Z Ho$ g_` {ZåZ{b{IV boZXoZm| Ho$
{bE Amdí`H$ amoµOZm_Mm à{d{îQ>`m± Xr{OE :
(i) \$_© Ûmam < 5,000 {dKQ>Z ì`` H$m ^wJVmZ {H$`m J`m &
(ii) EH$ A{b{IV H$åß`yQ>a, Omo boIm nwñVH$m| _| Zht Xem©`m J`m Wm, go < 2,200
àmá hþE &
(iii) < 1,40,000 Ho$ EH$ boZXma Zo < 1,80,000 _yë` Ho$ ^dZ H$mo ñdrH$ma H$a {b`m
VWm \$_© H$mo < 40,000 H$m ^wJVmZ {H$`m &
(iv) dgybr na < 10,000 H$s hm{Z Wr {Ogo gmPoXma gw{^ VWm gwYm Ho$ _Ü` 4 : 1 Ho$
AZwnmV _| ~m±Q>m J`m & 4

16. H$, I VWm J EH$ \$_© Ho$ gmPoXma Wo & 1 Aà¡b, 2018 H$mo CZHo$ ny±Or ImVm| _| H«$_e:
< 8,00,000, < 6,00,000 VWm < 4,00,000 H$m eof Wm & gmPoXmar g§boI Ho$ àmdYmZm|
Ho$ AZwgma, gmPoXmam| H$mo ny±Or na 5% dm{f©H$ Xa go ã`mO Xo` Wm, I H$mo à{V _mh
< 3,000 doVZ VWm J H$mo < 12,000 H$_reZ Xo` Wm &
ny±Or na ã`mO H$mo N>mo‹S>H$a H$ H$mo à{V df© < 25,000 bm^ H$s Jma§Q>r Xr JB© Wr & ny±Or na
ã`mO H$mo gpå_{bV H$aHo$ naÝVw doVZ H$mo N>mo‹S>H$a I H$mo à{V df© < 55,000 bm^ H$s
Jma§Q>r Xr JB© Wr & Bggo hþB© {H$gr ^r hm{Z H$mo J H$mo dhZ H$aZm Wm & 31 _mM©, 2019
H$mo g_má hþE df© Ho$ {bE \$_© H$m bm^ < 2,16,000 Wm &
31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE bm^-hm{Z {d{Z`moJ ImVm V¡`ma H$s{OE & 4
AWdm
bm^ VWm AmhaU H$m g_m`moOZ H$aZo Ho$ níMmV² 31 _mM©, 2019 H$mo Amem, {Zem VWm
{Xem Ho$ ny±Or ImVm| H$m eof H«$_e: < 1,50,000, < 1,20,000 VWm < 90,000 Wm & ~mX
_| `h kmV hþAm {H$ ny±Or VWm AmhaU na ã`mO Zht bJm`m J`m Wm &
gmPoXmam| H$mo ny±Or na 10% dm{f©H$ Xa go ã`mO Xo` Wm & AmhaU na ^r 10% dm{f©H$ Xa go
ã`mO bJmZm Wm & df© Ho$ Xm¡amZ AmhaU : Amem < 50,000, {Zem < 60,000 VWm {Xem
< 30,000 Wo & 31 _mM©, 2019 H$mo g_má hþE df© _| ewÕ bm^ < 1,00,000 Wm & bm^
{d^mOZ AZwnmV 2 : 2 : 1 Wm &
Amdí`H$ g_m`moOZ à{d{ï> H$s{OE & AnZo H$m`m] H$mo ^r ñnï>V`m Xem©BE & 4
.67/B/1 8
Download Android App:- Commerce School

15. Give the necessary journal entries for the following transactions in case
of dissolution of a partnership firm after various assets (other than cash
and bank) and third party liabilities have been transferred to Realisation
Account :
(i) Dissolution expenses < 5,000 were paid by the firm.
(ii) An unrecorded computer not appearing in the books of accounts
realised < 2,200.
(iii) A creditor for < 1,40,000 accepted building valued at < 1,80,000
and paid to the firm < 40,000.
(iv) Loss on realisation < 10,000 was divided between the partners
Subhi and Sudha in the ratio of 4 : 1. 4

16. A, B and C were partners in a firm. On 1st April, 2018 the balance in
their capital accounts stood at < 8,00,000, < 6,00,000 and < 4,00,000
respectively. As per the provisions of the partnership deed, partners were
entitled to interest on capital @ 5% p.a., salary to B < 3,000 per month
and a commission of < 12,000 to C.
A’s share of profit, excluding interest on capital, was guaranteed at
< 25,000 p.a. B’s share of profit, including interest on capital but
excluding salary was guaranteed at < 55,000 p.a. Any deficiency arising
on that account was to be met by C. The profits of the firm for the year
ending 31st March, 2019 amounted to < 2,16,000.
Prepare Profit and Loss Appropriation Account for the year ending
31st March, 2019. 4
OR
On 31st March, 2019, the balance in the capital accounts of Asha, Nisha
and Disha after making adjustments for profits and drawings were
< 1,50,000, < 1,20,000 and < 90,000 respectively. Subsequently, it was
discovered that interest on capital and interest on drawings had been
omitted.
The partners were entitled to interest on capital @ 10% p.a. Interest on
drawings was also to be charged @ 10% p.a. The drawings during the
year were : Asha < 50,000, Nisha < 60,000 and Disha < 30,000. The net
profit for the year ending 31st March, 2019 amounted to < 1,00,000. The
profit sharing ratio was 2 : 2 : 1.
Pass the necessary adjustment entry. Also show your workings clearly. 4

.67/B/1 9 P.T.O.
17. 31 _mM©, 2019 H$mo H$, I VWm J Omo 3:3:4 Ho$ AZwnmV _§o bm^ ~m±Q>Vo Wo, H$m pñW{V
{ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2019 H$mo H$, I VWm J H$m pñW{V {ddaU
am{e am{e
Xo`VmE± n[agån{Îm`m±
< <
gm_mÝ` g§M` 40,000 ZJX 4,000

Xo` {~b 15,000 ñQ>m°H$ 43,000

~¢H$ go G$U 30,000 {Zdoe 70,000

ny±Or : ^y{_ VWm ^dZ 1,58,000

H$ 60,000

I 90,000

J 40,000 1,90,000

2,75,000 2,75,000

1 AŠQy>~a, 2019 H$mo H$ H$s _¥Ë`w hmo JB© & {H$gr gmPoXma H$s _¥Ë`w na gmPoXmar g§boI _|
{ZåZ{b{IV H$m àmdYmZ Wm :
(i) \$_© H$s »`m{V H$m _yë`m§H$Z {nN>bo VrZ dfm] Ho$ Am¡gV bm^ Ho$ Xmo dfm] Ho$ H«$`
na {H$`m OmEJm &
(ii) 31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE bm^ < 50,000 Wm &
(iii) ny±Or na 6% dm{f©H$ Xa go ã`mO bJmZm Wm &
(iv) {nN>bo VrZ dfm] H$m Am¡gV bm^ < 35,000 Wm &
CgHo$ {ZînmXH$m| H$mo àñVwV H$aZo Ho$ {bE H$ H$m ny±Or ImVm V¡`ma H$s{OE & 4

.67/B/1 10
17. The Balance Sheet of A, B and C who were sharing profits in the ratio of

3 : 3 : 4 as at 31st March, 2019 was as follows :

Balance Sheet of A, B and C as at 31st March, 2019

Amount Amount
Liabilities Assets
< <
General Reserve 40,000 Cash 4,000

Bills Payable 15,000 Stock 43,000

Loan from Bank 30,000 Investments 70,000

Capitals : Land and Buildings 1,58,000

A 60,000

B 90,000
C 40,000 1,90,000

2,75,000 2,75,000

A died on 1st October, 2019. The partnership deed provided for the
following on the death of a partner :

(i) Goodwill of the firm be valued at two years’ purchase of average

profits for the last three years.

(ii) The profit for the year ending 31st March, 2019 was < 50,000.

(iii) Interest on capital was to be provided @ 6% p.a.

(iv) The average profits of the last three years were < 35,000.

Prepare A’s Capital Account to be rendered to his executors. 4

.67/B/1 11 P.T.O.
18. Eoëµ\$m B§{S>`m {b{_Q>oS> < 10 àË`oH$ Ho$ 1,00,000 g_Vm A§em| _§o {d^º$ < 10,00,000
H$s A{YH¥$V ny±Or Ho$ gmW n§OrH¥$V Wr & H$ånZr Zo OZVm Ho$ A{^XmZ hoVw 80,000 g_Vm
A§e àñVm{dV {H$E & à{V A§e am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm : AmdoXZ na
< 3, Am~§Q>Z na < 2, àW_ `mMZm na < 3 VWm eof Xÿgar VWm ApÝV_ `mMZm na &
{ZJ©_ nyU©V: A{^XÎm hþAm VWm N>{d H$mo N>mo‹S>H$a g^r Xo` am{e àmá hmo JB© & N>{d Zo
CgH$mo Am~§{Q>V 2,000 A§em| na àW_ VWm ApÝV_ `mMZm am{e H$m ^wJVmZ Zht {H$`m &
CgHo$ A§em| H$m haU H$a {b`m J`m &
H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma ‘A§e ny±Or’ H$mo H$ånZr Ho$
pñW{V {ddaU _| Xem©BE & ‘ImVm| Ho$ ZmoQ²>g’ ^r V¡`ma H$s{OE & 4

19. eoem ñnmoQ²>©g VWm E§Q>aQ>oZ_|Q> Šb~, M§S>rJ‹T> Ho$ {ZåZ{b{IV àm{á VWm ^wJVmZ ImVo go
31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE Am` VWm ì`` ImVm V¡`ma H$s{OE : 6

31 _mM©, 2019 H$mo g_má hþE df© Ho$ {bE eoem ñnmoQ²>©g VWm E§Q>aQ>oZ_|Q> Šb~, M§S>rJ‹T>
H$m àm{á VWm ^wJVmZ ImVm
am{e am{e
àm{á`m± <
^w J VmZ <
eof ZrMo bmE± doVZ 60,000
~¢H$ 5,000 Iob Ho$ _¡XmZ H$m aIaImd 6,000
{Zdoe 10% dm{f©H$ Xa na
MÝXm :
(01.07.2018)
90,000

2017  18 10,000 {~Obr ^ma 7,000

2018  19 70,000 eof ZrMo bo JE
2019  20 20,000 1,00,000 ~¢H$ 6,000
àdoe ewëH$ 20,000
XmZ 10,000
aÔr H$mJµO H$s {~H«$s 4,000
~§Xmo~ñVr H$mof 30,000
1,69,000 1,69,000

.67/B/1 12
Downoaded from:- www.commerceschool.in

18. Alpha India Ltd. was registered with an authorised capital of

< 10,00,000 divided into 1,00,000 equity shares of < 10 each. The
company offered to the public for subscription 80,000 equity shares
payable per share as : < 3 on application, < 2 on allotment, < 3 on first
call and the balance on second and final call. The issue was fully
subscribed and all amounts due were received except the first and final
call money on 2,000 shares allotted to Chavi. Her shares were forfeited.

Present the ‘Share Capital’ in the Balance Sheet of the company as per
Schedule III, Part I of the Companies Act, 2013. Also prepare ‘Notes to
Accounts’. 4

19. From the following Receipts and Payments Account of Shesha Sports and
Entertainment Club, Chandigarh, prepare Income and Expenditure
Account for the year ending 31st March, 2019 : 6

Receipts and Payments Account of Shesha Sports and Entertainment

Club, Chandigarh for the year ending 31st March, 2019
Amount Amount
Receipts Payments
< <
To Balance b/d By Salaries 60,000
Bank 5,000 By Upkeep of Ground 6,000
By Investments @ 10% p.a.
To Subscriptions : 90,000
(01.07.2018)
2017  18 10,000 By Electricity Charges 7,000
2018  19 70,000 By Balance c/d
2019  20 20,000 1,00,000 Bank 6,000
To Entrance Fees 20,000
To Donations 10,000
To Sale of Waste Paper 4,000
To Endowment Fund 30,000
1,69,000 1,69,000

.67/B/1 13 P.T.O.
A{V[aº$ gyMZm :
(i) 31 _mM©, 2019 H$mo AXÎm doVZ < 10,000 Wm & df© 2018 – 19 _| ^wJVmZ {H$E
JE doVZ _o| < 8,000 df© 2017 – 18 Ho$ Wo &
(ii) AXÎm MÝXm < 6,000 Wm &
(iii) 1 Aà¡b, 2018 H$mo Šb~ Ho$ nmg < 5,00,000 H$m ^y{_ VWm ^dZ Wm &

20. S>r {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 40,000, 11% G$UnÌm| H$m {ZJ©_Z {H$`m hþAm Wm, Bg_|
go AmYo 31 _mM©, 2019 H$mo emoYZr` Wo & Amdí`H$ am{e H$mo G$UnÌ emoYZ {Zdoem| _|
{Zdoe H$aZo H$m {ZU©` {b`m J`m & H$ånZr Ho$ G$UnÌ emoYZ g§M` ImVo _| < 3,10,000
H$m eof Wm &
G$UnÌm| Ho$ emoYZ Ho$ g_` Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 6

AWdm

(i) Eb Q>r {b{_Q>oS> Zo Oo Eg Eg {b{_Q>oS> go ^y{_ H$m H«$` {H$`m & ^wJVmZ
< 10,00,000 H$m M¡H$ {ZJ©{_V H$aHo$ VWm 6 _mh níMmV² Xo` < 5,00,000 Ho$
EH$ {d{Z_` nÌ H$mo ñdrH$ma H$aHo$ {H$`m J`m & eof am{e H$m ^wJVmZ, < 100
àË`oH$ Ho$ 5,000, 10% G$UnÌm| H$mo g__yë` na {ZJ©{_V H$aHo$ {OZH$m emoYZ
3 dfm] Ho$ níMmV² 10% Ho$ àr{_`_ na H$aZm h¡, {H$`m J`m &
Cn`w©º$ boZXoZm| Ho$ {bE Eb Q>r {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE &

(ii) E ~r gr {b{_Q>oS> Zo EŠg dmB© µO¡S> {b{_Q>oS> H$s < 4,20,000 H$s n[agån{Îm`m|
VWm < 40,000 H$s Xo`VmAm| H$m H«$` < 3,60,000 Ho$ _yë` na {H$`m & E ~r gr
{b{_Q>oS> Zo H«$` _yë` Ho$ nyU© {ZnQ>mZ Ho$ {bE < 100 àË`oH$ Ho$ 10% G$UnÌm| H$m
{ZJ©_Z 10% Ho$ ~Å>o na {H$`m &
Cn`w©º$ boZXoZm| Ho$ {bE E ~r gr {b{_Q>oS> H$s nwñVH$m| _§o Amdí`H$ amoµOZm_Mm
à{d{ï>`m± H$s{OE & 6

.67/B/1 14
 Additional Information :
(i) On 31st March, 2019, salaries outstanding amounted to < 10,000.
Salaries paid in the year 2018 – 19 included < 8,000 for the year
2017 – 18.
(ii) Subscriptions outstanding were < 6,000.
(iii) On 1st April, 2018, the club owned land and buildings valued at
< 5,00,000.

20. D Ltd. had issued 40,000, 11% Debentures of < 100 each of which one
half were due for redemption on 31st March, 2019. It was decided to
invest the required amount towards Debenture Redemption Investments.
The company had in its Debenture Redemption Reserve Account a
balance of < 3,10,000.
Record the necessary journal entries at the time of Redemption of
Debentures. 6
OR

(i) LT Ltd. purchased land from JSS Ltd. The payment was made by
issuing a cheque for < 10,00,000 and by accepting a bill of
exchange for 6 months for < 5,00,000. The balance amount was
paid by issuing 5,000, 10% Debentures of < 100 each at par
redeemable at 10% premium after 3 years.
Pass the necessary journal entries in the books of LT Ltd. for the
above transactions.

(ii) ABC Ltd. purchased assets of < 4,20,000 and took over liabilities
of < 40,000 of XYZ Ltd. at a value of < 3,60,000. ABC Ltd. issued
10% Debentures of < 100 each at a discount of 10% in full
settlement of the purchase consideration.
Pass the necessary journal entries in the books of ABC Ltd. for the
above transactions. 6

.67/B/1 15 P.T.O.
21. E {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 80,000 g_Vm A§em| H$mo < 4 à{V A§e Ho$ àr{_`_ na
{ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm :
AmdoXZ na – < 5 à{V A§e
Am~§Q>Z na – < 9 à{V A§e (àr{_`_ g{hV)

1,40,000 A§em| Ho$ {bE AmdoXZ àmá hþE VWm g^r AmdoXH$m| H$mo AmZwnm{VH$ AmYma na
A§em| H$m Am~§Q>Z H$a {X`m J`m & AmdoXZm| na ^wJVmZ H$s JB© A{V[aº$ am{e H$m g_m`moOZ
Am~§Q>Z na Xo` am{e _| H$a {b`m J`m & amOrd, {OgZo 1,400 A§em| Ho$ {bE AmdoXZ {H$`m
Wm, Am~§Q>Z am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & CgHo$ A§em| H$m haU H$a {b`m
J`m & ~mX _| BZ haU {H$E JE A§em| H$m < 9 à{V A§e nyU© àXÎm nwZ:{ZJ©_Z H$a {X`m
J`m &
Cn`w©º$ boZXoZm| Ho$ {bE E {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 8

AWdm
E ~r {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 30,000 A§em| H$m {ZJ©_Z g__yë` na {H$`m & ^wJVmZ
{ZåZ àH$ma go H$aZm Wm :
< 3 à{V A§e – AmdoXZ na
< 3 à{V A§e – Am~§Q>Z na
eof – àW_ VWm ApÝV_ `mMZm na
50,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & 10,000 A§em| Ho$ {bE AmdoXZm| H$mo aÔ H$a
{X`m J`m VWm eof AmdoXH$m| H$mo AmZwnm{VH$ AmYma na A§em| H$m Am~§Q>Z {H$`m J`m &
AmdoXZ na àmá A{V[aº$ am{e H$m g_m`moOZ Am~§Q>Z na Xo` am{e _| H$a {b`m J`m &
ZVmem, {OgZo 1,600 A§em| Ho$ {bE AmdoXZ {H$`m Wm, Am~§Q>Z am{e VWm `mMZm am{e H$m
^wJVmZ H$aZo _| Ag\$b ahr & H$ånZr Zo CgHo$ A§em| H$m haU H$a {b`m & BgHo$ níMmV²
BZ haU {H$E JE A§em| H$mo < 10 à{V A§e nyU© àXÎm nwZ:{ZJ©{_V H$a {X`m &
Cn`w©º$ boZXoZm| Ho$ {bE E ~r {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m±
H$s{OE & 8

.67/B/1 16
Subscribe YouTube Channel:- Commerce School - CBSE

21. A Ltd. invited applications for issuing 80,000 equity shares of < 10 each
at a premium of < 4 per share. The amount was payable as follows :

On application – < 5 per share

On allotment – < 9 per share (premium included)
Applications were received for 1,40,000 shares and allotment was made
to all applicants on pro-rata basis. Money overpaid on applications was
adjusted towards sum due on allotment. Rajiv, who had applied for
1,400 shares failed to pay the allotment money. His shares were forfeited.
Later on, these forfeited shares were reissued at < 9 per share as fully
paid up.
Pass the necessary journal entries in the books of A Ltd. for the above
transactions. 8
OR

AB Ltd. issued 30,000 shares of < 10 each at par, payable as follows :

< 3 per share – on application

< 3 per share – on allotment
Balance – on first and final call

Applications were received for 50,000 shares. Applications for

10,000 shares were rejected and allotment was made on pro-rata basis to
the remaining applicants. Excess money received on application was
adjusted towards sums due on allotment. Natasha, who had applied for
1,600 shares, failed to pay the amount due on allotment and call. The
company forfeited her shares. Later on, these forfeited shares were
reissued at < 10 per share as fully paid-up.

Pass the necessary journal entries in the books of AB Ltd. for the above
transactions. 8

.67/B/1 17 P.T.O.
22. 31 _mM©, 2019 H$mo H$ VWm I Omo 3:2 Ho$ AZwnmV _o| bm^ ~m±Q>Vo Wo, H$m pñW{V {ddaU
{ZåZ àH$ma go Wm :
31 _mM©, 2019 H$mo H$ VWm I H$m pñW{V {ddaU
am{e am{e
Xo`VmE± <
n[agån{Îm`m± <
boZXma 30,000 ~¢H$ _| ZJX 20,000

{Zdoe CVma-M‹T>md H$mof 12,000 XoZXma 85,000

KQ>m : Sy>~V G$Um|
gm_mÝ` g§M` 25,000
Ho$ {bE àmdYmZ 5,000 80,000
ny±Or : ñQ>m°H$ 1,30,000

H$ 1,60,000 {Zdoe 60,000

I 1,40,000 3,00,000
\$ZuMa 77,000

3,67,000 3,67,000

1
1 Aà¡b, 2019 H$mo CÝhm|Zo {ZåZ{b{IV eVm] na J H$mo bm^ _| d| ^mJ Ho$ {bE EH$ Z`m
5
gmPoXma ~ZmZo H$m {ZU©` {H$`m :
(i) J AnZr ny±Or Ho$ {bE < 1,00,000 VWm »`m{V àr{_`_ Ho$ AnZo ^mJ Ho$ {bE
< 50,000 bm`m &

(ii) < 2,000 AXÎm doVZ Ho$ {bE àmdYmZ {H$`m OmEJm &

(iii) {Zdoem| H$m ~mµOma _yë` < 50,000 Wm &

(iv) EH$ XoZXma Zo {OgH$s < 18,000 H$s XoZXmar H$mo Sy>~V G$Um| Ho$ ê$n _| An{b{IV
H$a {X`m J`m Wm, nyU© {ZnQ>mZ hoVw < 12,000 H$m ^wJVmZ {H$`m &
nwZ_y©ë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm ZB© \$_© H$m pñW{V {ddaU V¡`ma H$s{OE & 8

AWdm

.67/B/1 18
22. On 31st March, 2019 the Balance Sheet of A and B, who were sharing
profits in the ratio of 3 : 2 was as follows :

Balance Sheet of A and B as at 31st March, 2019

Amount Amount
Liabilities Assets
< <
Creditors 30,000 Cash at Bank 20,000

Investment
Debtors 85,000
Fluctuation Fund 12,000
Less : Provision
General Reserve 25,000
for bad debts 5,000 80,000
Capitals : Stock 1,30,000

A 1,60,000 Investments 60,000

B 1,40,000 3,00,000
Furniture 77,000

3,67,000 3,67,000

1 th
On 1st April, 2019, they decided to admit C as a new partner for
5
share in the profits on the following terms :

(i) C brought < 1,00,000 as his capital and < 50,000 as his share of
premium for goodwill.

(ii) Outstanding salaries of < 2,000 be provided for.

(iii) The market value of investments was < 50,000.

(iv) A debtor whose dues of < 18,000 were written off as bad debts paid
< 12,000 in full settlement.
Prepare Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of the new firm. 8

OR
.67/B/1 19 P.T.O.
 {MÝVZ, Am`wf VWm gwYm EH$ \$_© Ho$ gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _o| bm^-hm{Z
~m±Q>Vo Wo & 31 _mM©, 2019 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2019 H$mo {MÝVZ, Am`wf VWm gwYm H$m pñW{V {ddaU
am{e am{e
Xo`VmE± n[agån{Îm`m±
< <
ny±Or : g§`§Ì VWm _erZar 90,000

{MÝVZ 90,000 \$ZuMa 60,000

Am`wf 60,000 ñQ>m°H$ 30,000

gwYm 40,000 1,90,000 XoZXma 60,000

^{dî` {Z{Y 30,000

KQ>m : g§{X½Y G$Um|
Ho$ {bE àmdYmZ 5,000 55,000
gm_mÝ` g§M` 20,000 ~¢H$ _| ZJX 15,000

boZXma 10,000

2,50,000 2,50,000

Cn`w©º$ {V{W H$mo {MÝVZ Zo AdH$me J«hU {H$`m VWm `h gh_{V hþB© {H$ :
(i) < 5,000 Ho$ XoZXmam| H$mo Sy>~V G$Um| Ho$ ê$n _| An{b{IV {H$`m OmEJm VWm
XoZXmam| na Sy>~V Ed§ g§{X½Y G$Um| Ho$ {bE 5% H$m àmdYmZ {H$`m OmEJm &
(ii) {MÝVZ Ho$ AdH$me J«hU H$aZo na \$_© H$s »`m{V H$m _yë`m§H$Z < 1,00,000
{H$`m J`m VWm Cg_| go {MÝVZ Ho$ ^mJ H$m g_m`moOZ Am`wf VWm gwYm Ho$ ny±Or
ImVm| Ho$ Zm_ nj _| IVm¡Zr H$aHo$ {H$`m OmEJm &
(iii) ñQ>m°H$ H$m nwZ_y©ë`m§H$Z < 36,000 na {H$`m J`m &
(iv) \$ZuMa H$m _yë` < 9,000 H$_ {H$`m J`m &
(v) H$m_Jma j{Vny{V© Ho$ {bE < 2,000 H$s Xo`Vm H$m g¥OZ {H$`m OmEJm &
(vi) {MÝVZ H$mo < 20,000 H$m ^wJVmZ M¡H$ Ûmam {H$`m OmEJm VWm eof H$m hñVm§VaU
CgHo$ G$U ImVo _| {H$`m OmEJm &
{MÝVZ Ho$ AdH$me J«hU H$aZo na \$_© H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 8

.67/B/1 20
Download Android App:- Commerce School

Chintan, Ayush and Sudha were partners in a firm sharing profits and
losses in the ratio of 5 : 3 : 2. On 31st March, 2019, their Balance Sheet
was as follows :
Balance Sheet of Chintan, Ayush and Sudha as at 31st March, 2019
Amount Amount
Liabilities < Assets <
Capitals : Plant and Machinery 90,000

Chintan 90,000 Furniture 60,000

Ayush 60,000 Stock 30,000

Sudha 40,000 1,90,000 Debtors 60,000

Less : Provision for
Provident Fund 30,000 doubtful debts 5,000 55,000

General Reserve 20,000 Cash at Bank 15,000

Creditors 10,000

2,50,000 2,50,000

Chintan retired on the above date and it was agreed that :

(i) Debtors of < 5,000 were to be written off as bad debts and a
provision of 5% on debtors for bad and doubtful debts was to be
created.
(ii) Goodwill of the firm on Chintan’s retirement was valued at
< 1,00,000 and Chintan’s share of the same will be adjusted by
debiting the Capital Accounts of Ayush and Sudha.
(iii) Stock was revalued at < 36,000.
(iv) Furniture was undervalued by < 9,000.
(v) Liability for workmen’s compensation of < 2,000 was to be created.
(vi) Chintan was to be paid < 20,000 by cheque and the balance was to
be transferred to his loan account.
Pass the necessary journal entries in the books of the firm on Chintan’s
retirement. 8

.67/B/1 21 P.T.O.
 ^mJ I
{dH$ën 1
({dÎmr` {ddaUm| H$m {díbofU)
23. `{X EH$ H$ånZr H$m àMmbZ AZwnmV 75% h¡, Vmo BgH$m àMmbZ bm^ AZwnmV ________
hmoJm & 1
24. Ëd[aV n[agån{Îm`m| _§o gpå_{bV Zht hmoVm h¡ 1
(A) amoH$‹S> hñVo
(B) {~H«$r-`mo½` à{V^y{V
(C) nyd©XÎm ì``
(D) ì`mnm[aH$ àmß`
25. ‘amoH$‹S> Vwë`’ H$mo n[a^m{fV H$s{OE & 1
26. {dÎmr` {ddaUm| Ho$ {díbofU Ho$ {H$Ýht Xmo VarH$m| Ho$ Zm_ {b{IE & 1
27. Eogr J{V{d{Y H$m H$moB© EH$ CXmhaU Xr{OE Omo àË`oH$ CÚ_ Ho$ {bE {dÎmr` J{V{d{Y h¡ & 1
28. ‘{~H«$r-`mo½` à{V^y{V`m| H$m g__yë` na {dH«$`’ H$m n[aUm_ amoH$‹S> H$m AÝVdm©h hmoJm &
C„oI H$s{OE {H$ `h H$WZ gË` h¡ AWdm AgË` & 1
29. EH$ H$ånZr H$m G$U-g_Vm AZwnmV 2 : 1 h¡ & H$maU XoVo hþE C„oI H$s{OE {H$
< 6,00,000 Ho$ A§em| Ho$ {ZJ©_Z go AZwnmV ~‹T>oJm, KQ>oJm AWdm Bg na H$moB© à^md Zht
hmoJm & 1
30. H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma H$ånZr Ho$ pñW{V {ddaU _|
{ZåZ{b{IV _Xm| H$mo {H$Z erf©H$m| VWm Cn-erf©H$m| Ho$ AÝVJ©V Xem©`m OmEJm ? 3
(i) Xmdm Zht {H$`m J`m bm^m§e
(ii) ^maVr` ñQ>oQ> ~¢H$ _| A§e
(iii) IwXam Am¡µOma
AWdm
(i) EŠg {b{_Q>oS> H$m Mmby AZwnmV 3 : 1 VWm VabVm AZwnmV 2 : 1 h¡ & Mmby
n[agån{Îm`m± Vab n[agån{Îm`m| go < 24,000 A{YH$ h¢ & Mmby n[agån{Îm`m| VWm
Mmby Xo`VmAm| H$s JUZm H$s{OE &
(ii) {ZåZ{b{IV gyMZm go ‘Hw$b n[agån{Îm-G$U AZwnmV’ H$s JUZm H$s{OE :
<
XrK©H$mbrZ CYma 3,00,000
XrK©H$mbrZ àmdYmZ 1,50,000
Mmby Xo`VmE± 75,000
AMb n[agån{Îm`m± 5,40,000
Mmby n[agån{Îm`m± 1,35,000 3

.67/B/1 22
 Downloaded from:- www.commerceschool.in

OPTION 1
(Analysis of Financial Statements)
23. If the operating ratio of a company is 75%, operating profit ratio will
be _________ . 1
24. Quick Assets do not include 1
(A) Cash in Hand
(B) Marketable Securities
(C) Prepaid Expenses
(D) Trade Receivables
25. Define ‘Cash Equivalents’. 1
26. Name any two tools of Analysis of Financial Statements. 1
27. Give any one example of an activity which is a financing activity for every
enterprise. 1
28. ‘Sale of marketable securities at par’ would result in inflow of cash. State
whether the statement is True or False. 1
29. The debt-equity ratio of a company is 2 : 1. State, giving reason, if issue of
shares of < 6,00,000 will increase, decrease or not affect the ratio. 1
30. Under which heads and sub-heads will the following items will appear in
the Balance Sheet of a company as per Schedule III, Part I of the
Companies Act, 2013 ? 3
(i) Unclaimed Dividend
(ii) Shares in State Bank of India
(iii) Loose Tools
OR
(i) X Ltd. has a current ratio of 3 : 1 and quick ratio of 2 : 1. The
excess of current assets over quick assets are < 24,000. Calculate
current assets and current liabilities.
(ii) From the following information, compute ‘Total Assets to Debt
Ratio’ :
<
Long-term Borrowings 3,00,000
Long-term Provisions 1,50,000
Current Liabilities 75,000
Non-Current Assets 5,40,000
Current Assets 1,35,000 3
.67/B/1 23 P.T.O.
31. E Q>r {b{_Q>oS> Ho$ bm^-hm{Z {ddaU go g§~§{YV {ZåZ{b{IV {ddaU h¢ :
2018  19 2017  18
{ddaU
< <
àMmbZm| go AmJ_ 37,50,000 30,00,000
AÝ` Am` 75,000 60,000
ì`` 25,75,000 20,60,000
Am` H$a 40% 40%
VwbZmË_H$ bm^-hm{Z {ddaU V¡`ma H$s{OE & 4
AWdm
31 _mM©, 2019 H$mo gwa{^ {b{_Q>oS> Ho$ {ZåZ{b{IV pñW{V {ddaU go gm_mÝ` AmH$ma
pñW{V {ddaU V¡`ma H$s{OE : 4
31 _mM©, 2019 H$mo gwa{^ {b{_Q>oS> H$m pñW{V {ddaU

ZmoQ> 31.03.2019 31.03.2018

{ddaU g§. < <
I– g_Vm Ed§ Xo`VmE± :
1. A§eYmaH$$ {Z{Y`m± :
(H$) A§e ny±Or 20,00,000 9,00,000
(I) g§M` Ed§ Am{YŠ` 2,00,000 1,00,000
2. AMb Xo`VmE± :
XrK©H$mbrZ CYma 12,00,000 5,00,000
3. Mmby Xo`VmE± :
ì`mnm[aH$ Xo` 6,00,000 5,00,000
Hw$b 40,00,000 20,00,000
II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± :
ñWm`r n[agån{Îm`m± 20,00,000 10,00,000
2. Mmby n[agån{Îm`m± :
(H$) _mbgyMr (ñQ>m°H$) 19,00,000 8,00,000
(I) amoH$‹S> Ed§ amoH$‹S> Vwë` 1,00,000 2,00,000
Hw$b 40,00,000 20,00,000

.67/B/1 24
31. The following particulars are related to the Statement of Profit and Loss
of AT Ltd :
2018  19 2017  18
Particulars
< <
Revenue from Operations 37,50,000 30,00,000
Other Income 75,000 60,000
Expenses 25,75,000 20,60,000
Income Tax 40% 40%

Prepare Comparative Statement of Profit and Loss. 4

OR
From the following Balance Sheet of Surbhi Ltd. as at 31st March, 2019,
prepare a Common Size Balance Sheet : 4
Balance Sheet of Surbhi Ltd. as at 31st March, 2019
Note 31.03.2019 31.03.2018
Particulars No. < <
I – Equity and Liabilities :
1. Shareholder’s Funds :
(a) Share Capital 20,00,000 9,00,000
(b) Reserves and Surplus 2,00,000 1,00,000
2. Non-Current Liabilities :
Long-term Borrowings 12,00,000 5,00,000
3. Current Liabilities :
Trade Payables 6,00,000 5,00,000
Total 40,00,000 20,00,000
II – Assets :
1. Non-Current Assets :
Fixed Assets 20,00,000 10,00,000
2. Current Assets :
(a) Inventories 19,00,000 8,00,000
(b) Cash and Cash Equivalents 1,00,000 2,00,000
Total 40,00,000 20,00,000

.67/B/1 25 P.T.O.
32. 31 _mM©, 2019 H$mo Or {b{_Q>oS> Ho$ {ZåZ{b{IV pñW{V {ddaU VWm A{V[aº$ gyMZm go
amoH$‹S> àdmh {ddaU V¡`ma H$s{OE : 6

31 _mM©, 2019 H$mo Or {b{_Q>oS> H$m pñW{V {ddaU

ZmoQ> 31.03.2019 31.03.2018
{ddaU g§. < <
I– g_Vm Ed§ Xo`VmE± :
1. A§eYmaH$ {Z{Y`m± :
(H$) A§e ny±Or 8,00,000 6,00,000

(I) g§M` Ed§ Am{YŠ` 1 3,30,000 2,20,000

2. AMb Xo`VmE± :
XrK©H$mbrZ CYma 2 1,60,000 1,00,000

3. Mmby Xo`VmE± :
ì`mnm[aH$ Xo` 1,65,000 1,95,000

Hw$b 14,55,000 11,15,000

II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± :
(H$) ñWm`r n[agån{Îm`m± 3 9,50,000 6,05,000

(I) AMb {Zdoe 1,35,000 1,00,000

2. Mmby n[agån{Îm`m± :
(H$) Mmby {Zdoe 80,000 40,000
(I) ì`mnma àmß` 90,000 2,00,000
(J) amoH$‹S> Ed§ amoH$‹S> Vwë` 2,00,000 1,70,000
Hw$b 14,55,000 11,15,000

.67/B/1 26
Subscribe YouTube Channel:- Commerce School - CBSE

32. From the following Balance Sheet of G Ltd. as at 31st March, 2019 and
additional information, prepare Cash Flow Statement : 6

Balance Sheet of G Ltd. as at 31st March, 2019

Note 31.03.2019 31.03.2018
Particulars No. < <
I – Equity and Liabilities :

1. Shareholder’s Funds :

(a) Share Capital 8,00,000 6,00,000

(b) Reserves and Surplus 1 3,30,000 2,20,000

2. Non-Current Liabilities :

Long-term Borrowings 2 1,60,000 1,00,000

3. Current Liabilities :

Trade Payables 1,65,000 1,95,000

Total 14,55,000 11,15,000

II – Assets :

1. Non-Current Assets :

(a) Fixed Assets 3 9,50,000 6,05,000

(b) Non-Current Investments 1,35,000 1,00,000

2. Current Assets :

(a) Current Investments 80,000 40,000

(b) Trade Receivables 90,000 2,00,000

(c) Cash and Cash Equivalents 2,00,000 1,70,000

Total 14,55,000 11,15,000

.67/B/1 27 P.T.O.
 ImVm| Ho$ ZmoQ²>g :
ZmoQ> 31.03.2019 31.03.2018
{ddaU
g§. < <
1. g§M` Ed§ Am{YŠ` :
Am{YŠ` (bm^-hm{Z {ddaU _| eof) 3,30,000 2,20,000

3,30,000 2,20,000
2. XrK©H$mbrZ CYma :
10% G$UnÌ 1,60,000 1,00,000
1,60,000 1,00,000
3. ñWm`r n[agån{Îm`m± :
_erZar (bmJV) 10,70,000 7,00,000
(–) EH${ÌV _yë`õmg (1,20,000) (95,000)
9,50,000 6,05,000
A{V[aº$ gyMZm :
< 60,000 Ho$ 10% G$UnÌm| H$m {ZJ©_Z 1 Aà¡b, 2018 H$mo {H$`m J`m Wm &
^mJ I
{dH$ën 2
(A{^H${bÌ boIm§H$Z)

23. H$åß`yQ>arH¥$V boIm§H$Z àUmbr H$s EH$ gr_m Xr{OE & 1

24. nr E_ Q>r H$m`© H$m dmŠ`-{dÝ`mg (qgQ>oŠg) _________ h¡ & 1

(A) nr E_ Q>r (aoQ>, nr dr, EZ nr B© Ama, [E\$ dr], [Q>mBn])
(B) nr E_ Q>r (aoQ>, EZ nr B© Ama, nr dr, [E\$ dr], [Q>mBn])
(C) nr E_ Q>r (aoQ>, nr dr, EZ nr B© Ama, [Q>mBn], [E\$ dr])
(D) nr E_ Q>r (aoQ>, EZ nr B© Ama, nr dr, [Q>mBn], [E\$ dr])

25. Ho$ÝÐr` ({ndQ>) Vm{bH$m H$mo n[a^m{fV H$s{OE & 1

26. O~ {dñVma M`Z g{H«$` hmoVm h¡, _________ `h H$s~moS>© ApÝV_ n§{º$ VH$ gpå_{bV
g^r Am±H$‹S>m| Ho$ M`Z Ho$ {bE N>moQ>m amñVm (em°Q>©H$Q>) h¡ & 1

.67/B/1 28
Download Android App:- Commerce School

Notes to Accounts :

Note 31.03.2019 31.03.2018

Particulars
No. < <
1. Reserves and Surplus :
Surplus (i.e. Balance in
3,30,000 2,20,000
Statement of Profit and Loss)
3,30,000 2,20,000
2. Long-term Borrowings :
10% Debentures 1,60,000 1,00,000
1,60,000 1,00,000
3. Fixed Assets :
Machinery (cost) 10,70,000 7,00,000
(–) Accumulated Depreciation (1,20,000) (95,000)
9,50,000 6,05,000

Additional information :
10% Debentures < 60,000 were issued on 1st April, 2018.

PART B
OPTION 2
(Computerised Accounting)

23. Give one limitation of Computerised Accounting system. 1

24. The syntax of PMT Function is ___________ . 1

(A) PMT (rate, pv, nper, [fv], [type])
(B) PMT (rate, nper, pv, [fv], [type])
(C) PMT (rate, pv, nper, [type], [fv])
(D) PMT (rate, nper, pv, [type], [fv])

25. Define Pivot table. 1

26. When extended selection is active, __________ is the keyboard shortcut

for selecting all data up to and including the last row. 1

.67/B/1 29 P.T.O.
27. EŠgob _|, MmQ>© Am¡µOma (Qy>ëg) ñdê$nU Ho$ {bE VrZ {d{^Þ {dH$ën _________,
_________ VWm _________ àXmZ H$aVo h¢ & 1
(A) A{^Ý`mg, ñdê$n, Am±H$‹S>o V¡`maH$Vm©
(B) aMZm, A{^Ý`mg, ñdê$n
(C) ñdê$n, A{^Ý`mg, bo~b
(D) aMZm, Am±H$‹S>o V¡`maH$Vm©, A{^Ý`mg

28. Eg.Š`y.Eb. H$m {dñVma H$s{OE & 1

29. Cg J{UVr` àMmbH$ H$m C„oI H$s{OE {OgH$m à{V{Z{YËd EH$ ‘Vmam§H$Z’ (*) Ûmam {H$`m
OmVm h¡ & 1

30. Am±H$‹S>m AmYma _| àmW{_H$ H±w$Or VWm {ÛVr`H$ Hw±$Or nXm| H$mo g_PmBE & 3
AWdm
EH$ CXmhaU H$s ghm`Vm go Am±H$‹S>o VWm gyMZm Ho$ _Ü` AÝVa ñnîQ> H$s{OE & 3

31. H$åß`yQ>arH¥$V boIm§H$Z àUmbr H$s {deofVmAm| H$m C„oI H$s{OE & 4
AWdm
‘geV© ñdê$nU’ Ho$ Cn`moJ H$mo g_PmBE & 4

32. _yë`õmg bJmZo H$s Xmo AmYma^yV {d{Y`m| H$m dU©Z H$s{OE & BZ XmoZm| Ho$ _Ü` AÝVa ñnï>
H$s{OE & 6

.67/B/1 30
27. In Excel, the chart tools provide three different options _________,
_________ and __________ for formatting. 1

(A) Layout, Format, DataMaker

(B) Design, Layout, Format

(C) Format, Layout, Label

(D) Design, DataMaker, Layout

28. Expand SQL. 1

29. State the mathematical operator which is represented by an ‘asterisk’ (*). 1

30. Explain the terms Primary key and Secondary key in a database. 3

OR

Differentiate between data and information with the help of an example. 3

31. State the features of Computerized Accounting system. 4

OR

Explain the use of ‘Conditional Formatting’. 4

32. Describe two basic methods of charging depreciation. Differentiate

between both of them. 6

.67/B/1 31 P.T.O.