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in
SET-3
Series BVM/2 H$moS> Z§.
Code No. 67/2/3
amob Z§. narjmWu H$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.

 H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 27 h¢ &

 àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE H$moS >Zå~a H$mo N>mÌ CÎma-nwpñVH$m Ho$ _wI-n¥ð> na
{bI| &
 H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| 23 àíZ h¢ &
 H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, àíZ H$m H«$_m§H$ Adí` {bI| &
 Bg àíZ-nÌ H$mo n‹T>Zo Ho$ {bE 15 {_ZQ >H$m g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU nydm©•
_| 10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db àíZ-nÌ H$mo n‹T>|Jo
Am¡a Bg Ad{Y Ho$ Xm¡amZ do CÎma-nwpñVH$m na H$moB© CÎma Zht {bI|Jo &
 Please check that this question paper contains 27 printed pages.
 Code number given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
 Please check that this question paper contains 23 questions.
 Please write down the Serial Number of the question before
attempting it.
 15 minute time has been allotted to read this question paper. The question
paper will be distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the
students will read the question paper only and will not write any answer on
the answer-book during this period.

boImemñÌ
ACCOUNTANCY

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

Time allowed : 3 hours Maximum Marks : 80

67/2/3 1 P.T.O.
gm_mÝ` {ZX}e :
(i) `h àíZ-nÌ Xmo IÊS>m| _| {d^º$ h¡ – H$ Am¡a I &
(ii) IÊS> H$ g^r Ho$ {bE A{Zdm`© h¡ &
(iii) IÊS> I Ho$ Xmo {dH$ën h¢ - {dÎmr` {ddaUm| H$m {díbofU VWm A{^H${bÌ boIm§H$Z &
(iv) IÊS> I go Ho$db EH$ hr {dH$ën Ho$ àíZm| Ho$ CÎma {b{IE &
(v) {H$gr àíZ Ho$ g^r IÊS>m| Ho$ CÎma EH$ hr ñWmZ na {bIo OmZo Mm{hE &
General Instructions :

(i) This question paper contains two parts – A and B.

(ii) Part A is compulsory for all.

(iii) Part B has two options – Analysis of Financial Statements and

Computerised Accounting.

(iv) Attempt only one option of Part B.

(v) All parts of a question should be attempted at one place.

IÊS> H$
(Abm^H$mar g§JR>Zm|, gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and
Companies)

1. EH$ Abm^H$mar g§JR>Z Ho$ _w»` CÔoí` H$m CëboI H$s{OE & 1

AWdm
EH$ Abm^H$mar g§JR>Z H$m {dÎmr` {ddaU V¡`ma H$aVo g_` ‘OrdZ gXñ`Vm ewëH$’ H$m
{ZnQ>mZ H¡$go {H$`m OmVm h¡ ? 1

State the main aim of a not-for-profit organisation.

OR
How is ‘Life membership fee’ treated while preparing the financial
statements of a not-for-profit organisation ?

67/2/3 2
2. {XZH$a, ZdrVm VWm dmUr gmPoXma Wo VWm 3 : 2 : 1 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
30 OyZ, 2017 H$mo ZdrVm H$s _¥Ë`w hmo JB© & ~rM H$s Ad{Y _| bm^ _| CgH$m ^mJ {dH«$`
na AmYm[aV Wm Omo < 6,00,000 Wm & {nN>bo Mma dfm] _| {dH«$` na bm^ H$s Xa 10%
Wr & \$_© AnZr nwñVH|$ à{V df© 31 _mM© H$mo ~§X H$aVr h¡ &
bm^ _| ZdrVm Ho$ ^mJ H$s JUZm H$s{OE & 1
Dinkar, Navita and Vani were partners sharing profits and losses in the
ratio of 3 : 2 : 1. Navita died on 30th June, 2017. Her share of profit for
the intervening period was based on the sales during that period, which
were < 6,00,000. The rate of profit during the past four years had been
10% on sales. The firm closes its books on 31st March every year.
Calculate Navita’s share of profit.
3. H$s`m VWm brbm gmPoXma h¢ VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo h¢ & {H$aU H$mo bm^ Ho$
1
d| ^mJ Ho$ {bE EH$ Z`m gmPoXma ~Zm`m J`m Am¡a dh »`m{V àr{_`_ Ho$ AnZo ^mJ Ho$
5
{bE < 24,000 bmB©, {OgH$s H$s`m VWm brbm Ho$ ny±Or ImVm| Ho$ O_m _| H«$_e…
< 18,000 VWm < 6,000 go IVm¡Zr H$a Xr JB© &
H$s`m, brbm VWm {H$aU Ho$ ZE bm^ {d^mOZ AZwnmV H$s JUZm H$s{OE & 1
Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was
1
admitted as a new partner with th share in the profits and brought in
5
< 24,000 as her share of goodwill premium that was credited to the capital
accounts of Kiya and Leela respectively with < 18,000 and < 6,000.
Calculate the new profit sharing ratio of Kiya, Leela and Kiran.
4. ‘A§em| Ho$ {ZOr Am~§Q>Z’ H$m Š`m AW© h¡ ? 1
AWdm
‘Ama{jV ny±Or’ H$m Š`m AW© h¡ ? 1
What is meant by ‘Private Placement of Shares’ ?
OR
What is meant by ‘Reserve Capital’ ?
5. EH$ Z`m gmPoXma {Og gmPoXmar \$_© H$m gXñ` ~ZVm h¡, Cg_| Xmo à_wI A{YH$mam| H$m
A{YJ«hU H$aVm h¡ & BZ_| go EH$ A{YH$ma H$m CëboI H$s{OE & 1
AWdm
{H$gr \$_© H$s »`m{V Ho$ _yë` H$mo ‘ì`dgm` H$s àH¥${V’ {H$g àH$ma à^m{dV H$aVr h¡ ? 1
A new partner acquires two main rights in the partnership firm which he
joins. State one of these rights.
OR
How does ‘Nature of business’ affect the value of goodwill of a firm ?

67/2/3 3 P.T.O.
6. I, J VWm K EH$ \$_© _| gmPoXma Wo VWm 1 : 4 : 5 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
31 _mM©, 2018 H$mo \$_© H$m {dKQ>Z hmo J`m VWm Cg {V{W H$mo \$_© H$m pñW{V {ddaU
< 10,000 H$m EH$ G$U Xem© ahm Wm, {OgH$mo J Ho$ ^mB© V Zo {X`m Wm & J AnZo ^mB© Ho$
G$U H$m ^wJVmZ H$aZo Ho$ {bE gh_V hmo J`m &
\$_© Ho$ {dKQ>Z na Cn`w©º$ Ho$ {bE Amdí`H$ amoµOZm_Mm à{dpîQ> H$s{OE & 1

B, C and D were partners in a firm sharing profits and losses in the ratio
of 1 : 4 : 5. On 31st March, 2018 the firm was dissolved and on that date
the Balance Sheet of the firm showed a loan of < 10,000 given by C’s
brother F. C agreed to pay his brother’s loan.

Pass necessary journal entry for the above on the firm’s dissolution.

7. H$, I, J VWm K EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z ~am~a ~m±Q>Vo Wo & L> H$mo EH$ ZE
1
gmPoXma Ho$ ê$n _| bm^m| _| d| ^mJ Ho$ {bE \$_© _| àdoe {X`m Omo CgZo J VWm K go
3
~am~a _mÌm _| àmßV {H$`m & L> Ho$ àdoe na \$_© H$s »`m{V H$m _yë`m§H$Z < 3,00,000
Wm &
L> Ho$ àdoe na ZE bm^ {d^mOZ AZwnmV H$s JUZm H$s{OE & gmW hr L> Ho$ àdoe na
Amdí`H$ amoµOZm_Mm à{dpîQ> H$s{OE, `h _mZVo hþE {H$ dh AnZo {hñgo H$s »`m{V amoH$‹S>
_| bmZo _| Ag\$b ahm & 3
A, B, C and D were partners in a firm sharing profits and losses equally.
1
E was admitted as a new partner for rd share in the profits of the firm
3
which he acquires equally from C and D. On E’s admission the goodwill of
the firm was valued at < 3,00,000.

Calculate the new profit sharing ratio on E’s admission. Also pass
necessary journal entry on E’s admission, assuming that he failed to
bring his share of goodwill in cash.

67/2/3 4
8. ‘Oo EZ {b{_Q>oS>’ < 100 àË`oH$ Ho$ 2,00,000 g_Vm A§em| H$s A{YH¥$V ny±Or Ho$ gmW
n§OrH¥$V Wr & H$ånZr Zo OZVm H$mo A{^XmZ Ho$ {bE 1,00,000 A§e àñVm{dV {H$E &
1,50,000 A§em| Ho$ {bE AmdoXZ àmßV hþE VWm g^r AmdoXH$m| H$mo AmZwnm{VH$ AmYma na
Am~§Q>Z H$a {X`m J`m & Xÿgar Am¡a A§{V_ `mMZm na < 4,000 H$mo N>mo‹S>H$a g^r `mMZmE±
_m±J br JBª VWm àmßV hmo JBª & Xÿgar Am¡a A§{V_ `mMZm na Xo` am{e < 20 à{V A§e
Wr &
H$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 _| àñVwV H$s{OE & 3

‘JN Ltd.’ were registered with an authorised capital of 2,00,000 equity

shares of < 100 each. The company offered to the public for subscription
1,00,000 shares. Applications for 1,50,000 shares were received and
allotment was made to all the applicants on pro-rata basis. All calls were
made and were duly received except the second and final call of < 4,000.
The amount payable on second and final call was < 20 per share.

Present the Share Capital in the Balance Sheet of the company as per
Schedule III, Part I of the Companies Act, 2013.

9. ‘`y µO¡S> {b{_Q>oS>’ Zo EëH$ _erZ {b{_Q>oS> go < 6,90,000 _| g§`§Ì VWm _erZar H$m H«$`
{H$`m & EëH$ {b{_Q>oS> H$mo ^wJVmZ < 90,000 Ho$ EH$ S´>mâQ>, Omo VrZ _mh níMmV² Xo` Wm,
H$mo ñdrH$ma H$aHo$ VWm eof H$m ^wJVmZ < 100 àË`oH$ Ho$ 6% G$UnÌm| H$mo 20% Ho$ ~Å>>o
na {ZJ©{_V H$aHo$ {H$`m J`m &
Cn`w©º$ boZXoZm| Ho$ {bE ‘`y µO¡S> {b{_Q>oS>’ H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 3
AWdm
‘µO¡S> Ho$ {b{_Q>oS>’ Zo < 100 àË`oH$ Ho$ < 4,00,000, 9% G$UnÌm| H$m {ZJ©_Z 5% Ho$ ~Å>o
na {H$`m {OZH$m emoYZ 10% Ho$ àr{_`_ na H$aZm h¡ &
Cn`w©º$ boZXoZm| Ho$ {bE ‘µO¡S> Ho$ {b{_Q>oS>’ H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 3

67/2/3 5 P.T.O.
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‘UZ Ltd.’ purchased Plant and Machinery from Elk Machine Ltd. for
< 6,90,000. Elk Ltd. was paid by accepting a draft of < 90,000 payable
after three months and the balance by issue of 6% debentures of < 100
each at a discount of 20%.
Pass necessary journal entries for the above transactions in the books of
‘UZ Ltd.’
OR
‘ZK Ltd.’ issued < 4,00,000, 9% Debentures of < 100 each at a discount of
5% redeemable at a premium of 10%.
Pass necessary journal entries for the above transactions in the books of
‘ZK Ltd.’

10. Ý`y \«¢$S²>g Šb~ Ho$ 31 _mM©, 2018 H$mo g_mßV df© Ho$ ‘Am` Ed§ ì`` ImVo’ Ho$ Zm_ _|
{bIr OmZo dmbr ñQ>oeZar H$s am{e H$s JUZm H$s{OE & gmW hr gå~pÝYV gyMZm H$mo
31 _mM©, 2018 H$mo Šb~ Ho$ pñW{V {ddaU _| Xem©BE & 3
31 _mM©, 2017 31 _mM©, 2018
{ddaU
< <
ñQ>oeZar H$m ñQ>m°H$ 25,000 40,000
ñQ>oeZar Ho$ boZXma 30,000 19,000
df©-^a _| ñQ>oeZar Ho$ boZXmam| H$mo < 46,000 H$m ^wJVmZ {H$`m J`m VWm < 6,000 H$s
ñQ>oeZar H$m ZJX H«$` {H$`m J`m &
Calculate the amount of stationery to be debited to ‘Income and
Expenditure Account’ of New Friends Club for the year ended
31st March, 2018. Also present the relevant information in the Balance
Sheet of the Club as at 31st March, 2018.

31st March, 2017 31st March, 2018

Particulars
< <
Stock of stationery 25,000 40,000
Creditors for stationery 30,000 19,000
During the year < 46,000 were paid to the creditors for stationery and
stationery of < 6,000 was purchased in cash.

67/2/3 6
11. gVre VWm VéUm EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
1 Aà¡b, 2018 go CÝhm|Zo bm^m| H$mo ~am~a-~am~a ~m±Q>Zo H$m {ZU©` {b`m & Bg {V{W H$mo
CZH$m pñW{V {ddaU < 35,000 H$m O_m eof H$_©Mmar j{Vny{V© H$mof _| VWm < 40,000
BgHo$ gm_mÝ` g§M` _| Xem© ahm h¡ & Cgr {V{W H$mo \$_© H$s »`m{V H$m _yë`m§H$Z
< 50,000 Wm & \$_© Zo < 40,000 H$m EH$ Xmdm H$_©Mmar j{Vny{V© Ho$ {bE ñdrH¥$V
{H$`m &
\$_© Ho$ nwZJ©R>Z na Cn`w©º$ boZXoZm| Ho$ {bE Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 4
Satish and Taruna were partners in a firm sharing profits and losses in
the ratio of 3 : 2. From 1st April, 2018 they decided to share profits
equally. On that date their Balance Sheet showed a credit balance of
< 35,000 in workmen compensation fund and < 40,000 in general
reserve. The goodwill of the firm on that date was valued at < 50,000.
The firm accepted a claim of < 40,000 for workmen compensation.
Pass necessary journal entries for the above transactions on the
reconstitution of the firm.

12. J[a_m, hare VWm arZm EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z ~am~a-~am~a ~m±Q>Vo Wo &
31 _mM©, 2015 H$mo hare H$s _¥Ë`w hmo JB© Am¡a CgHo$ {ZînmXH$m| H$mo < 90,000 Xo` Wo &
eof gmPoXmam| VWm hare Ho$ {ZînmXH$m| Ho$ ~rM `h gh_{V hþB© {H$ 31 _mM©, 2015 go
àmaå^ H$aHo$ Mma ~am~a dm{f©H$ {H$íVm| _| 18% à{V df© H$s Xa go ã`mO g{hV {ZînmXH$m|
H$mo ^wJVmZ {H$`m OmEJm &
hare Ho$ {ZînmXH$m| H$mo nyU© ^wJVmZ H$aZo VH$ CZH$m ImVm V¡`ma H$s{OE & 4

Garima, Harish and Reena were partners in a firm sharing profits and
losses equally. On 31st March, 2015, Harish died and the amount payable
to his executors was < 90,000. It was agreed between the remaining
partners and Harish’s executors that the executors will be paid in four
equal yearly instalments along with interest @ 18% per annum starting
from 31st March, 2015.

Prepare Harish’s executor’s account till it is finally closed.

67/2/3 7 P.T.O.
13. Amerf VWm H$Zd EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^-hm{Z ~m±Q>Vo Wo &
31 _mM©, 2018 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2018 H$mo Amerf VWm H$Zd H$m pñW{V {ddaU

am{e am{e
Xo`VmE± < n[agån{Îm`m± <
ì`mnm[aH$ boZXma 42,000 ~¢H$ $ 35,000

H$_©Mmar ^{dî` {Z{Y 60,000 ñQ>m°H$ 24,000

lr_Vr Amerf H$m G$U 9,000 XoZXma 19,000

H$Zd H$m G$U 35,000 \$ZuMa 40,000

H$m_Jma j{Vny{V© H$mof 20,000 g§`§Ì 2,10,000

{Zdoe CVma-M‹T>md H$mof 4,000 {Zdoe 32,000

ny±Or : bm^-hm{Z ImVm 10,000

Amerf 1,20,000
H$Zd 80,000 2,00,000

3,70,000 3,70,000

Cn`w©º$ {V{W H$mo CÝhm|Zo \$_© Ho$ {dKQ>Z H$m {ZU©` {H$`m &
(i) Amerf \$ZuMa H$mo < 38,000 _| boZo Ho$ {bE VWm lr_Vr Amerf Ho$ G$U H$m
^wJVmZ H$aZo Ho$ {bE gh_V hþAm &
(ii) XoZXmam| go < 18,500 àmßV hþE VWm g§`§Ì go 10% A{YH$ àmßV hþE &
(iii) H$Zd Zo 40% ñQ>m°H$ H$mo nwñVH$ _yë` go 20% H$_ na bo {b`m & eof ñQ>m°H$ H$mo
10% Ho$ bm^ na ~oMm J`m &
(iv) H$Zd < 12,000 Ho$ nm[al{_H$ na {dKQ>Z Ho$ CÎmaXm{`Ëd H$mo nyam H$aZo Ho$ {bE
VWm dgybr ì``m| H$mo dhZ H$aZo Ho$ {bE gh_V hmo J`m & dgybr na dmñV{dH$
ì`` < 8,000 Wo &
dgybr ImVm V¡`ma H$s{OE & 6

67/2/3 8
 Ashish and Kanav were partners in a firm sharing profits and losses in
the ratio of 3 : 2. On 31st March, 2018 their Balance Sheet was as follows :

Balance Sheet of Ashish and Kanav as at 31st March, 2018

Amount Amount
Liabilities < Assets <
Trade Creditors 42,000 Bank 35,000
Employees’ Provident
60,000 Stock 24,000
Fund
Mrs. Ashish’s Loan 9,000 Debtors 19,000

Kanav’s Loan 35,000 Furniture 40,000

Workmen’s
20,000 Plant 2,10,000
Compensation Fund
Investment Fluctuation
4,000 Investments 32,000
Reserve
Profit and Loss
Capital : 10,000
Account
Ashish 1,20,000
Kanav 80,000
2,00,000

3,70,000 3,70,000
On the above date they decided to dissolve the firm.
(i) Ashish agreed to take over furniture at < 38,000 and pay off
Mrs. Ashish’s loan.
(ii) Debtors realised < 18,500 and plant realised 10% more.
(iii) Kanav took over 40% of the stock at 20% less than the book value.
Remaining stock was sold at a gain of 10%.
(iv) Trade creditors took over investments in full settlement.
(v) Kanav agreed to take over the responsibility of completing
dissolution at an agreed remuneration of < 12,000 and to bear
realization expenses. Actual expenses of realization amounted to
< 8,000.
Prepare Revaluation Account.
67/2/3 9 P.T.O.
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14. ZdrZ, H$m{Xa VWm amOoe gmPoXma Wo VWm CÎmamIÊS> _| BboŠQ´>m°{ZH$ gm_mZ H$m ì`dgm`
H$aVo Wo & gmPoXmar ImVo V¡`ma VWm ~ÝX H$aZo Ho$ níMmV² `h nVm Mbm {H$ 31 _mM©,
2017 VWm 2018 H$mo g_mßV hþE dfm] Ho$ {bE gmPoXmam| H$s ny±Or na 6% à{V df© ã`mO
bJm`m J`m, O~{H$ gmPoXmar g§boI _| ny±Or na ã`mO Ho$ {bE H$moB© àmdYmZ Zht Wm &
BgHo$ {dnarV, ZdrZ VWm H$m{Xa H«$_e: < 3,500 VWm < 4,000 Ì¡_m{gH$ doVZ Ho$ hµH$Xma
Wo, {OgH$m g§kmZ Zht {b`m J`m & CZH$s ñWm`r ny±{O`m± H«$_e: < 4,00,000,
< 3,60,000 VWm < 2,40,000 Wt & {nN>bo Xmo dfm] _| CÝhm|Zo bm^-hm{Z H$mo {ZåZ àH$ma
go ~m±Q>m :
df© g_m{ßV AZwnmV
31 _mM©, 2017 3:2:1
31 _mM©, 2018 5:3:2
Cn`w©º$ g_m`moOZm| Ho$ {bE 1 Aà¡b, 2018 H$mo \$_© H$s nwñVH$m| _| Amdí`H$ g_m`moOZ
à{dpîQ> H$s{OE & AnZo H$m`© H$mo ñnîQ> Xem©BE & $ 6
AWdm
31 _mM©, 2018 H$mo bm^m| VWm AmhaUm| Ho$ g_m`moOZ Ho$ níMmV² A^ra, ~m°~r VWm {dZrV
Ho$ ny±Or ImVm| Ho$ eof H«$_e: < 8,00,000, < 6,00,000 VWm < 4,00,000 Wo &
~mX _| `h nVm Mbm {H$ ny±Or VWm AmhaU na ã`mO Zht bJm`m J`m & gmPoXmam| H$mo ny±Or
na 10% à{V df© ã`mO Xo` Wm VWm AmhaUm| na 6% à{V df© ã`mO bJmZm Wm & df© _|
A^ra Zo àË`oH$ _mh Ho$ A§V _| < 20,000, ~m°~r Zo àË`oH$ AY© df© Ho$ Amaå^ _|
< 50,000 VWm {dZrV Zo 31 AŠQy>~a, 2017 H$mo < 1,00,000 H$m AmhaU {H$`m &
31 _mM©, 2018 H$mo g_mßV hþE df© _| ewÕ bm^ < 1,50,000 Wm & bm^ {d^mOZ
AZwnmV 2 : 2 : 1 Wm &
Cn`w©º$ g_m`moOZm| Ho$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ g_m`moOZ à{dpîQ> H$s{OE & AnZo
H$m`© H$mo ^r ñnï> Xem©BE & 6
Naveen, Qadir and Rajesh were partners doing an electronic goods
business in Uttarakhand. After the accounts of partnership were drawn
up and closed, it was discovered that interest on capital has been allowed
to partners @ 6% p.a. for the years ending 31st March, 2017 and 2018,
although there is no provision for interest on capital in the partnership
deed. On the other hand, Naveen and Qadir were entitled to a salary of
< 3,500 and < 4,000 per quarter respectively, which has not been taken
into consideration. Their fixed capitals were < 4,00,000, < 3,60,000 and
< 2,40,000 respectively. During the last two years they had shared the
profits and losses as follows :
Year Ended Ratio
31st March, 2017 3:2:1
st
31 March, 2018 5:3:2
Pass necessary adjusting entry for the above adjustments in the books of
the firm on 1st April, 2018. Show your workings clearly.
OR
67/2/3 10
 On 31st March, 2018 the balance in the Capital Accounts of Abhir, Bobby
and Vineet, after making adjustments for profits and drawings were
< 8,00,000, < 6,00,000 and < 4,00,000 respectively.
Subsequently, it was discovered that interest on capital and interest on
drawings had been omitted. The partners were entitled to interest on
capital @ 10% p.a. and were to be charged interest on drawings @ 6% p.a.
The drawings during the year were : Abhir  < 20,000 drawn at the end
of each month, Bobby  < 50,000 drawn at the beginning of every half
year and Vineet  < 1,00,000 withdrawn on 31st October, 2017. The net
profit for the year ended 31st March, 2018 was < 1,50,000. The profit
sharing ratio was 2 : 2 : 1.

Pass necessary adjusting entry for the above adjustments in the books of
the firm. Also, show your workings clearly.

15. O¡åg Šb~ H$s {ZåZ gyMZm go 31 _mM©, 2018 H$mo g_mßV df© Ho$ {bE Am` Ed§ ì``
ImVm V¡`ma H$s{OE &
31 _mM©, 2018 H$mo g_mßV df© Ho$ {bE O¡åg Šb~ H$m àm{ßV Ed§ ^wJVmZ ImVm
àm{ßV`m± am{e ^wJVmZ am{e
< <
eof AmJo bmE 50,000 \$ZuMa 1,30,000

{Zdoe na ã`mO 2,400 doVZ 64,500

XmZ 17,000 {d{dY ì`` 52,000

MÝXm 3,00,000 Q>obrµ\$moZ ì`` 12,000

{H$am`m àmßV hþAm 70,000 \¡$Šg _erZ 6,000

6% {Zdoe
nwamZo g_mMma-nÌm| H$s {~H«$s 600 1,00,000
(01.08.2017 H$mo)
_wÐU VWm ñQ>oeZar 19,000

eof ZrMo bo JE 56,500

4,40,000 4,40,000

67/2/3 11 P.T.O.
 A{V[aº$ gyMZm :
àmßV MÝXo _| < 15,000 df© 2018 – 19 Ho$ gpå_{bV Wo & 31 _mM©, 2018 H$mo AXÎm MÝXo
H$s am{e < 20,000 Wr & 31 _mM©, 2018 H$mo AXÎm doVZ < 8,000 Wm VWm àmß` {H$am`m
< 2,000 Wm & _wÐU VWm ñQ>oeZar H$m Ama§på^H$ ñQ>m°H$ < 12,000 Wm, O~{H$ ApÝV_
ñQ>m°H$ < 15,000 Wm & 6

From the following information of Gems Club, prepare Income and

Expenditure Account for the year ended 31st March, 2018.

Receipts and Payments Account of Gems Club for the year ending
31st March, 2018

Amount Amount
Receipts < Payments <
To Balance b/d 50,000 By Furniture 1,30,000
To Interest on
2,400 By Salaries 64,500
Investments
By Miscellaneous
To Donations 17,000
Expenses 52,000
To Subscriptions By Telephone
3,00,000
Charges 12,000
To Rent Received
70,000 By Fax Machine 6,000
To Sale of old 600 By 6% Investments 1,00,000
newspapers (on 01.08.2017)
By Printing and
Stationery 19,000
By Balance c/d 56,500

4,40,000 4,40,000

Additional Information :

Subscriptions received included < 15,000 for 2018 – 19. The amount of
subscriptions outstanding on 31st March, 2018 were < 20,000. Salaries
unpaid on 31st March, 2018 were < 8,000 and Rent receivable was
< 2,000. Opening stock of printing and stationery was < 12,000, whereas
Closing stock was < 15,000.
67/2/3 12
 1 1 1
16. _mohZ, {dZ` VWm {ZË`m EH$ \$_© _| gmPoXma Wo VWm H«$_e… , VWm Ho$ AZwnmV _|
2 3 6
bm^-hm{Z ~m±Q>Vo Wo & 31 _mM©, 2018 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2018 H$mo _mohZ, {dZ` VWm {ZË`m H$m pñW{V {ddaU
am{e am{e
Xo`VmE± < n[agån{Îm`m± <
boZXma 48,000 >~¢H$ _| amoH$‹S> 31,000
H$_©Mmar ^{dî` {Z{Y 1,70,000 àmß` {~b 54,000
nwñVH$ G$U 63,000
AmH$pñ_H$ g§M` 30,000
KQ>m : g§{X½Y
G$Um| Ho$ {bE
n±yOr :
àmdYmZ 2,000 61,000
_mohZ 1,20,000 g§`§Ì> VWm _erZar 1,20,000
{dZ` 1,00,000 ^y{_ VWm ^dZ 2,92,000
{ZË`m 90,000 3,10,000

5,58,000 5,58,000
Cn`w©º$ {V{W H$mo _mohZ Zo AdH$me J«hU {H$`m VWm `h gh_{V hþB© {H$ :
(i) g§`§Ì VWm _erZar na 5% _yë`õmg bJm`m OmEJm &
(ii) EH$ nwamZm H$åß`yQ>a {Ogo nyd© _| An{b{IV H$a {X`m J`m Wm < 4,000 _| ~oMm
J`m &
(iii) < 3,000 Sy>~V G$U An{b{IV {H$E OmE±Jo VWm XoZXmam| na Sy>~V Ed§ g§{X½Y G$Um|
Ho$ {bE 5% H$m àmdYmZ {H$`m OmEJm &
(iv) \$_© H$s »`m{V H$m _yë`m§H$Z < 1,80,000 {H$`m J`m VWm Bg_| go _mohZ H$m ^mJ
CgHo$ ImVo _|, {dZ` VWm {ZË`m Ho$ ImVm| Ho$ Zm_ _| IVm¡Zr H$aHo$, O_m {H$`m J`m &
(v) ZB© \$_© H$s ny±Or < 90,000 {ZYm©[aV H$s JB© VWm pñW{V AZwgma ZJX bmH$a
AWdm ^wJVmZ H$aHo$ Amdí`H$ g_m`moOZ {H$E JE &
(vi) {dZ` VWm {ZË`m ^{dî` Ho$ bm^ 3 : 2 Ho$ AZwnmV _| ~m±Q>|Jo &

nwZJ©{R>V \$_© H$m nwZ_y©ë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm pñW{V {ddaU V¡`ma
H$s{OE & 8

AWdm

67/2/3 13 P.T.O.
 Downloaded from:- www.commerceschool.in

brZm VWm amo{hV EH$ \$_© _| gmPoXma h¢ VWm 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>Vo h¢ &
31 _mM©, 2018 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2018 H$mo brZm VWm amo{hV H$m pñW{V {ddaU

am{e am{e
Xo`VmE± < n[agån{Îm`m± <
{d{dY boZXma 80,000 amoH$‹S> 42,000
Xo` {~b 38,000 XoZXma 1,32,000
KQ>m : g§{X½Y G$Um| Ho$
gm_mÝ` g§M` 50,000
{bE àmdYmZ 2,000 1,30,000
n±yOr : ñQ>m°H$ 1,46,000
brZm 1,60,000 g§`§Ì VWm _erZar 1,50,000
amo{hV 1,40,000 3,00,000
4,68,000 4,68,000
1
{ZåZ eVm] na Cn`w©º$ {V{W H$mo \$_© Ho$ bm^ Ho$ d| ^mJ Ho$ {bE _ZmoO H$mo EH$ Z`m
5
gmPoXma ~Zm`m J`m :

(i) _ZmoO AmZwnm{VH$ n±yOr bm`m & gmW hr dh »`m{V àr{_`_ H$m AnZm ^mJ
< 80,000 ZJX bm`m &

(ii) gm_mÝ` g§M` Ho$ 10% H$mo g§{X½Y G$Um| Ho$ {bE àmdYmZ _| ñWmZm§V[aV H$aZm Wm &

(iii) H$m_Jma j{Vny{V© H$m Xmdm < 40,000 H$m Wm &

(iv) ñQ>m°H$ H$m < 16,000 A{YH$ _yë`m§H$Z {H$`m J`m &

(v) brZm, amo{hV VWm _ZmoO ^{dî` _| 5 : 3 : 2 Ho$ AZwnmV _| bm^ ~m±Q>|Jo &
nwZJ©{R>V \$_© H$m nwZ_©yë`m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm pñW{V {ddaU V¡`ma
H$s{OE & 8

67/2/3 14
 Mohan, Vinay and Nitya were partners in a firm sharing profits and
1 1 1
losses in the proportion of , and respectively. On 31st March,
2 3 6
2018, their Balance Sheet was as follows :

Balance Sheet of Mohan, Vinay and Nitya as at 31st March, 2018

Amount Amount
Liabilities < Assets <
Creditors 48,000 Cash at Bank 31,000
Employees’ Provident
1,70,000 Bills Receivable 54,000
Fund
Contingency Reserve 30,000 Book Debts 63,000
Less : Provision
Capital : for doubtful
debts 2,000 61,000
Mohan 1,20,000
Plant and Machinery 1,20,000
Vinay 1,00,000
Land and Building 2,92,000
Nitya 90,000
3,10,000

5,58,000 5,58,000

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

(i) Plant and machinery will be depreciated by 5%.
(ii) An old computer previously written off was sold for < 4,000.
(iii) Bad debts amounting to < 3,000 will be written off and a provision
of 5% on debtors for bad and doubtful debts will be maintained.
(iv) Goodwill of the firm was valued at < 1,80,000 and Mohan’s share
of the same was credited in his account by debiting Vinay’s and
Nitya’s accounts.
(v) The capital of the new firm was to be fixed at < 90,000 and
necessary adjustments were to be made by bringing in or paying
off cash as the case may be.
(vi) Vinay and Nitya will share future profits in the ratio of 3 : 2.
Prepare Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of the reconstituted firm.
OR

67/2/3 15 P.T.O.
 Leena and Rohit are partners in a firm sharing profits in the ratio of
3 : 2. On 31st March, 2018, their Balance Sheet was as follows :

Balance Sheet of Leena and Rohit as at 31st March, 2018

Amount Amount
Liabilities Assets
< <
Sundry Creditors 80,000 Cash 42,000

Bills Payable 38,000 Debtors 1,32,000

Less : Provision
General Reserve 50,000 for doubtful
debts 2,000 1,30,000

Capital : Stock 1,46,000

Leena 1,60,000 Plant and Machinery 1,50,000

Rohit 1,40,000
3,00,000

4,68,000 4,68,000

1
On the above date Manoj was admitted as a new partner for th share
5
in the profits of the firm on the following terms :

(i) Manoj brought proportionate capital. He also brought his share of

goodwill premium of < 80,000 in cash.

(ii) 10% of the general reserve was to be transferred to provision for

doubtful debts.

(iii) Claim on account of workmen’s compensation amounted to

< 40,000.
(iv) Stock was overvalued by < 16,000.

(v) Leena, Rohit and Manoj will share future profits in the ratio of
5 : 3 : 2.

Prepare Revaluation Account, Partners’ Capital Accounts and the

Balance Sheet of the reconstituted firm.

67/2/3 16
17. S>oZñna {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 2,00,000 g_Vm A§em| H$mo < 20 à{V A§e Ho$
àr{_`_ na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e {ZåZ àH$ma go Xo` Wr :
AmdoXZ na – < 2 à{V A§e
Am~§Q>Z na – < 13 à{V A§e (< 10 àr{_`_ g{hV)
àW_ `mMZm na – < 7 à{V A§e (< 5 àr{_`_ g{hV)
ApÝV_ `mMZm na – < 8 à{V A§e (< 5 àr{_`_ g{hV)

1,80,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & g^r AmdoXH$m| H$mo A§em| H$m Am~§Q>Z H$a {X`m
J`m & 5,000 A§em| Ho$ EH$ A§eYmaH$, `moJoe, Zo Am~§Q>Z am{e Ho$ gmW AnZr nyar A§e
am{e H$m ^wJVmZ H$a {X`m & 7,000 A§em| H$m EH$ A§eYmaH$, {deof, Am~§Q>Z am{e H$m
^wJVmZ H$aZo _| Ag\$b ahm & BgHo$ níMmV² àW_ `mMZm _m±Jr JB© & {deof Zo Am~§Q>Z
am{e H$m ^wJVmZ àW_ `mMZm Ho$ gmW H$a {X`m & 2,000 A§em| Ho$ A§eYmaH$, g_`oe, Zo
ApÝV_ `mMZm H$m ^wJVmZ Zht {H$`m & g_`oe Ho$ A§em| H$m haU ApÝV_ `mMZm Ho$ VwaÝV
níMmV² H$a {b`m J`m & haU {H$E JE A§em| _| go 1,500 A§em| H$m < 8 à{V A§e nyU©
àXÎm nwZ:{ZJ©_Z H$a {X`m J`m &
Cn`w©º$ boZXoZm| Ho$ {bE S>oZñna {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 8

AWdm

‘Ho$ Eb EZ {b{_Q>oS>’ Zo < 10 àË`oH$ Ho$ 1,00,000 A§em| H$mo < 2 à{V A§e Ho$ àr{_`_
na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_pÝÌV {H$E & am{e {ZåZ àH$ma go Xo` Wr :
AmdoXZ na – < 3 à{V A§e (< 1 àr{_`_ g{hV)
Am~§Q>Z na – < 4 à{V A§e (< 1 àr{_`_ g{hV)
àW_ `mMZm na – < 3 à{V A§e
Xÿgar VWm ApÝV_ `mMZm na – eof am{e
67/2/3 17 P.T.O.
 Subscribe YouTube Channel:- Commerce School - CBSE

1,90,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & AmdoXH$m| H$mo {ZåZ àH$ma go Am~§Q>Z {H$`m
J`m :
AmdoXZ {H$E JE A§em| H$s Am~§{Q>V {H$E JE A§em| H$s
loUr
g§»`m g§»`m
I 50,000 40,000
II 1,00,000 60,000

eof AmdoXZm| H$mo aÔ H$a {X`m J`m &

loUr I go gå~pÝYV EH$ A§eYmaH$, aµOV, {OgZo 2,500 A§em| Ho$ {bE AmdoXZ {H$`m Wm,
Am~§Q>Z VWm àW_ `mMZm na Xo` am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm & CgHo$ A§em| H$m
VwaÝV haU H$a {b`m J`m &
loUr II go gå~pÝYV, 3,000 A§em| H$s EH$ A§eYmaH$, ar_m, àW_ VWm {ÛVr` `mMZm am{e
H$m ^wJVmZ H$aZo _| Ag\$b ahr & CgHo$ A§em| H$m ^r haU H$a {b`m J`m & BgHo$ níMmV²
4,000 A§em| H$m < 8 à{V A§e nyU© àXÎm nwZ:{ZJ©_Z H$a {X`m J`m & Bg_| ar_m Ho$ haU
{H$E JE g^r A§e gpå_{bV Wo &
Cn`w©º$ boZXoZm§o Ho$ {bE ‘Ho$ Eb EZ {b{_Q>oS>’ H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m±
H$s{OE & 8

Denspar Ltd. invited applications for issuing 2,00,000 equity shares of

< 10 each at a premium of < 20 per share. The amount was payable as
follows :

On Application – < 2 per share

On Allotment – < 13 per share (including < 10 premium)

On First Call – < 7 per share (including < 5 premium)

On Final Call – < 8 per share (including < 5 premium)

Applications for 1,80,000 shares were received. Shares were allotted to all
the applicants. Yogesh, a shareholder holding 5,000 shares paid his
entire share money along with the allotment money. Vishesh, a holder of
7,000 shares, failed to pay the allotment money. Afterwards the first call
was made. Vishesh paid the allotment money along with the first call
money. Samyesh, holding 2,000 shares did not pay the final call.

67/2/3 18
 Samyesh’s shares were forfeited immediately after the final call. Out of
the forfeited shares, 1,500 shares were reissued at < 8 per share fully
paid up.
Pass the necessary journal entries for the above transactions in the books
of Denspar Ltd.
OR
‘KLN Ltd.’ invited applications for issuing 1,00,000 shares of < 10 each
at a premium of < 2 per share. The amount was payable as follows :
On Application – < 3 per share (including premium < 1)
On Allotment – < 4 per share (including premium < 1)
On First call – < 3 per share
On Second and Final Call – Balance amount

Application for 1,90,000 shares were received. Allotment was made to the
applicants as follows :
Category No. of Shares Applied No. of Shares Allotted
I 50,000 40,000
II 1,00,000 60,000

Remaining applications were rejected.

Rajat, a shareholder belonging to Category I who had applied for 2,500
shares, failed to pay the amount due on allotment and first call. His
shares were immediately forfeited.
Reema, a shareholder belonging to Category II who was holding 3,000
shares failed to pay the first call and second call money. Her shares were
also forfeited. Afterwards 4,000 shares were reissued @ < 8 per share
fully paid up. These included all the forfeited shares of Reema.
Pass necessary journal entries for the above transactions in the books of
‘KLN Ltd.’

67/2/3 19 P.T.O.
 IÊS> I
{dH$ën 1
({dÎmr` {ddaUm| H$m {díbofU)
PART B
OPTION 1
(Analysis of Financial Statements)

18. ‘amoH$‹S> Ho$ AÝVdm©h’ H$m Š`m AW© h¡ ? 1

What is meant by ‘Inflow of Cash’ ?

19. Š`m ‘A§e {ZJ©_Z Ûmam n[agån{Îm`m| Ho$ A{YJ«hU’ H$mo amoH$‹S> àdmh {ddaU _| Xem©`m OmVm
h¡ ? AnZo CÎma Ho$ g_W©Z _| H$maU Xr{OE & 1
Are ‘Assets acquired by issue of shares’ disclosed in the Cash Flow
Statement ? Give reason in support of your answer.

20. H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma EH$ H$ånZr Ho$ pñW{V {ddaU
_| {ZåZ{b{IV _Xm| H$mo {H$Z _w»` erf©H$m| Ed§ Cnerf©H$m| Ho$ AÝVJ©V Xem©`m OmEJm ? 4

(i) G$UnÌm| na A{O©V VWm Xo` ã`mO

(ii) IwXam Am¡µOma
(iii) A{J«_ `mMZmAm| na A{O©V ã`mO
(iv) AXÎm `mMZmAm| na Xo` ã`mO
(v) ì`mnm[aH$ {M• (Q´>oS>_mŠg©)
(vi) G$UnÌm| Ho$ emoYZ na àr{_`_
(vii) g§`§Ì VWm _erZar
(viii) noQ>oÝQ²>g
AWdm
‘{dÎmr` {ddaUm| Ho$ {díbofU’ H$s {H$Ýht Mma gr_mAm| H$mo g§jon _| g_PmBE & 4

67/2/3 20
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Under which major headings and subheadings will the following items be
presented in the Balance Sheet of a company as per Schedule III, Part I of
the Companies Act, 2013 ?
(i) Interest accrued and due on debentures
(ii) Loose tools
(iii) Accrued interest on calls in advance
(iv) Interest due on calls in arrears
(v) Trademarks
(vi) Premium on redemption of debentures
(vii) Plant and Machinery
(viii) Patents
OR
Explain briefly any four limitations of ‘Analysis of Financial Statements.’

21. (i) {ZåZ{b{IV gyMZm go ã`mO AmdaU AZwnmV H$s JUZm H$s{OE :
ã`mO Ed§ H$a Ho$ ^wJVmZ Ho$ ~mX ewÕ bm^ < 1,20,000; Am`H$a H$s Xa 40%;
15% G$UnÌ < 1,00,000; < 1,00,000 H$m 12% ~§YH$ G$U &

(ii) EH$ H$ånZr Ho$ nmg < 3,00,000 H$s Mmby n[agån{Îm`m± VWm < 1,40,000 H$s
Mmby Xo`VmE± h¢ & BgHo$ níMmV², BgZo < 20,000 H$m _mb CYma H«$` {H$`m & _mb
Ho$ H«$` Ho$ níMmV² Mmby AZwnmV H$s JUZm H$s{OE & 4

AWdm
EH$ H$ånZr H$m Ëd[aV AZwnmV 1 : 1 h¡ & H$maU g{hV CëboI H$s{OE {H$ {ZåZ{b{IV
boZXoZ AZwnmV H$mo ~‹T>mE±Jo, KQ>mE±Jo AWdm Cg_| H$moB© n[adV©Z Zht H$a|Jo : 4

(i) < 10,000 Ho$ ~r_m àr{_`_ H$m A{J«_ ^wJVmZ {H$`m J`m &
(ii) < 8,000 H$m _mb CYma H«$` {H$`m J`m &
(iii) < 1,00,000 Ho$ nyU© ^wJVmZ g_Vm A§e {ZJ©{_V {H$E JE &
(iv) < 5,00,000 Ho$ 9% G$UnÌm| H$m {ZJ©_Z, {dH«o$Vm H$mo _erZar Ho$ H«$` Ho$ {bE
{H$`m J`m &

67/2/3 21 P.T.O.
 (i) From the following information calculate Interest Coverage Ratio :
Net profit after interest and tax < 1,20,000; Rate of income tax
40%; 15% debentures < 1,00,000; 12% Mortgage loan < 1,00,000.
(ii) A company had Current Assets < 3,00,000 and Current Liabilities
< 1,40,000. Afterwards, it purchased goods worth < 20,000 on
credit. Calculate the Current Ratio after the purchase of goods.
OR
Quick ratio of a company is 1 : 1. State, with reason, whether the
following transactions will increase, decrease or not change the ratio :
(i) Paid insurance premium in advance < 10,000.
(ii) Purchased goods on credit < 8,000.
(iii) Issued fully paid equity shares of < 1,00,000.
(iv) Issued 9% debentures of < 5,00,000 to the vendor for machinery
purchased.

22. 31 _mM©, 2017 VWm 31 _mM©, 2018 H$mo g_mßV dfm] Ho$ bm^-hm{Z {ddaU go CX²Y¥V
{ZåZ{b{IV gyMZm go EH$ VwbZmË_H$ bm^-hm{Z {ddaU V¡`ma H$s{OE : 4
{ddaU 2017 − 18 2016 − 17
àMmbZm| go AmJ_ Cn^moJ H$s JB© gm_J«r H$s Cn^moJ H$s JB© gm_J«r H$s
bmJV H$m 200% bmJV H$m 200%
Cn^moJ H$s JB© gm_J«r H$s bmJV < 3,00,000 < 2,00,000
AÝ` ì`` Cn^moJ H$s JB© gm_J«r H$s Cn^moJ H$s JB© gm_J«r H$s
bmJV H$m 15% bmJV H$m 25%
H$a Xa 40% 40%
Prepare a Comparative Statement of Profit and Loss from the following
information extracted from the Statement of Profit and Loss for the years
ended 31st March, 2017 and 31st March, 2018 :
Particulars 2017 − 18 2016 − 17
Revenue from operations 200% of cost of 200% of cost of
material consumed material consumed
Cost of materials
< 3,00,000 < 2,00,000
consumed
Other expenses 15% of cost of 25% of cost of
material consumed material consumed
Tax rate 40% 40%

67/2/3 22
23. 31
_mM©, 2018 H$mo S>r.gr.EŠg. {b{_Q>oS> Ho$ {ZåZ{b{IV pñW{V {ddaU VWm A{V[aº$ gyMZm
go amoH$‹S> àdmh {ddaU V¡`ma H$s{OE : 6
S>r.gr.EŠg. {b{_Q>oS>
31 _mM©, 2018 H$m pñW{V {ddaU
ZmoQ> 31.3.2018 31.3.2017
{ddaU g§. < <
I – g_Vm Ed§ Xo`VmE± :
1. A§eYmar$ {Z{Y`m± :
(A) A§e ny±Or 30,00,000 21,00,000

(~) g§M` Ed§ Am{YŠ` 1 4,00,000 5,00,000

2. AMb Xo`VmE± :
XrK©H$mbrZ G$U 2 8,00,000 5,00,000
3. Mmby Xo`VmE± :
(A) ì`mnma Xo` 1,50,000 1,00,000

(~) Aënmd{Y àmdYmZ 3 76,000 56,000

Hw$b 44,26,000 32,56,000

II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± :
ñWm`r n[agån{Îm`m± :
(i) _yV© n[agån{Îm`m± 4 27,00,000 20,00,000

(ii) A_yV© n[agån{Îm`m± 8,00,000 7,00,000

2. Mmby n[agån{Îm`m± :
(A) Mmby {Zdoe 89,000 78,000
(~) _mb-gyMr 8,00,000 4,00,000
(g) amoH$‹S> Ed§ amoH$‹S> Vwë` 37,000 78,000
Hw$b 44,26,000 32,56,000

67/2/3 23 P.T.O.
 ImVm| Ho$ ZmoQ²>g :
ZmoQ> 31.3.2018 31.3.2017
{ddaU
g§. < <
1. g§M` Ed§ Am{YŠ` :
(Am{YŠ` AWm©V² bm^-hm{Z {ddaU H$m
eof) 4,00,000 5,00,000
4,00,000 5,00,000
2. XrK©H$mbrZ G$U :
8% G$UnÌ 8,00,000 5,00,000
8,00,000 5,00,000
3. Aënmd{Y àmdYmZ :
H$a Ho$ {bE àmdYmZ 76,000 56,000
76,000 56,000
4. _yV© n[agån{Îm`m± :
_erZar 33,00,000 25,00,000
KQ>m : EH${ÌV (g§{MV) _yë`õmg (6,00,000) (5,00,000)
27,00,000 20,00,000
A{V[aº$ gyMZm :
(i) df© Ho$ Xm¡amZ < 8,00,000 bmJV H$s EH$ _erZ H$mo < 6,40,000 _| ~oM {X`m
J`m {Og na < 3,20,000 H$m EH${ÌV (g§{MV) _yë`õmg Wm &
(ii) G$UnÌm| H$m {ZJ©_Z 1 Aà¡b, 2017 H$mo {H$`m J`m &
From the following Balance Sheet of DCX Ltd. and the additional
information as at 31st March, 2018 prepare a Cash Flow Statement :

DCX Ltd.
Balance Sheet as at 31st March, 2018

Note 31.3.2018 31.3.2017

Particulars No. < <
I – Equity and Liabilities :
1. Shareholder’s Funds :
(a) Share Capital 30,00,000 21,00,000
(b) Reserves and Surplus 1 4,00,000 5,00,000
2. Non-Current Liabilities :
Long-term Borrowings 2 8,00,000 5,00,000

67/2/3 24
 Downloaded from:- www.commerceschool.in

Note 31.3.2018 31.3.2017

Particulars No. < <
3. Current Liabilities :
(a) Trade Payables 1,50,000 1,00,000
(b) Short-term Provisions 3 76,000 56,000
Total 44,26,000 32,56,000
II – Assets :
1. Non-Current Assets :
Fixed Assets :
(i) Tangible Assets 4 27,00,000 20,00,000
(ii) Intangible Assets 8,00,000 7,00,000
2. Current Assets :
(a) Current Investments 89,000 78,000
(b) Inventories 8,00,000 4,00,000
(c) Cash and cash equivalents 37,000 78,000
Total 44,26,000 32,56,000
Notes to Accounts :
Note 31.3.2018 31.3.2017
Particulars
No. < <
1. Reserves and Surplus :
(Surplus i.e. Balance in the
Statement of Profit and Loss) 4,00,000 5,00,000
4,00,000 5,00,000
2. Long-term Borrowings :
8% Debentures 8,00,000 5,00,000
8,00,000 5,00,000
3. Short-term Provisions :
Provision for Tax 76,000 56,000
76,000 56,000
4. Tangible Asset :
Machinery 33,00,000 25,00,000
Less : Accumulated Depreciation (6,00,000) (5,00,000)
27,00,000 20,00,000
Additional Information :
(i) During the year a machinery costing < 8,00,000 on which
accumulated depreciation was < 3,20,000 was sold for < 6,40,000.
(ii) Debentures were issued on 1st April, 2017.
67/2/3 25 P.T.O.
 IÊS> I
{dH$ën 2
(A{^H${bÌ boIm§H$Z)

PART B

OPTION 2

(Computerised Accounting)

18. ‘hmS>©do`a’ H$m Š`m AW© h¡ ? 1

What is meant by ‘Hardware’ ?

19. ‘S>oQ>m~og {S>µOmBZ’ H$m Š`m AW© h¡ ? 1

What is meant by ‘Database Design’ ?

20. S>oQ>m~og _¡ZoO_oÝQ> {gñQ>_ (S>r.~r.E_.Eg) Ho$ {H$Ýht Mma bm^m| H$mo g_PmBE & 4

Explain any four advantages of Database Management System.

21. boIm§H$Z gyMZm àUmbr H$s {H$Ýht Xmo Cn-àUm{b`m| H$mo g_PmBE & 4
AWdm
Xr JB© Ad{Y Ho$ {bE Mmby no-amob (doVZ) Ho$ {bE H$Q>m¡{V`m| H$s JUZm H$aVo g_` Ü`mZ _|
aIo OmZo dmbo KQ>H$m| H$s gyMr Xr{OE & 4

Explain any two sub-systems of accounting information system.

OR
List the elements to be considered while calculating deductions for
current payroll for a given period.

67/2/3 26
22. Q>¡br _| ~¢H$ g_mYmZ {ddaU ~ZmZo Ho$ MaUm| H$m CëboI H$s{OE & 4

AWdm
g_J« (H$ånmo{OQ>) ~Zm_ AUw (EQ>mo{_H$) JwUm| VWm ^ÊS>m[aV ~Zm_ ì`wËnÞ JwUm| H$mo
g_PmBE &
State the steps to construct Bank Reconciliation Statements in Tally. 4
OR
Explain composite vs atomic attributes and stored vs derived attributes.

23. geV© \$m°_}qQ>J H$m Š`m AW© h¡ ? BgHo$ Xmo Cn`moJ VWm VrZ bm^ Xr{OE & 6

What is meant by conditional formatting ? Give its two uses and three
benefits.

67/2/3 27 P.T.O.