I Series : SMAll I m;t. Code No. 67/1/3

ｾｭｱ［ｬｾＭｾｾｾＭｾ＠1V31cW:rm 1

Candidates must write the Code on the title page of the answer-book.

• ｾｾｃｒＢＧｒｦ｣ｮｾｷＭＺｦＭＢｬｩ［ｬＧＮｱｾｾｬＶｴ＠ I

• ｷＮ］ｲＭＭｱ［ｲＢｬｬｾｾ｣ｩｲＮ｡ｭＭｾｾｭｾｱ［ｬＧｏｏｦｾＭｾｾｾＭｾｯＯｭ＠ 1

• ｾ＠ ｾ＠ CR' 'R ｦ｣ｮｾ＠ w-:f-"li;l' ll 23 w-:f t I

• ｾｾ｣ｮｲｾｦｦｦｩｒｔｷｭｾｾＮ＠ ｾ｣ｮｲｾｾｾ＠ 1

• ｾ＠ w-:f-"li;l' q;l ｾ＠ ｾ＠ ｾ＠ 15 fl:Rc: q;r ｾ＠ ｾ＠ ｾ＠ ｾ＠ I w-:f-"li;f q;r fcRRur ｾ＠ ll 10.15 ｾ＠ｾ＠ ｾ＠ I 10.15 ｾ＠ ｾ＠ 10.30 ｾ＠ {fCf) '001' ｾ＠ w-:f-"li;f q;ll$f afu' ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠

- ｾＭｾＱｖ｣ｮＩｴｾｾｾ＠ I

• Please check that this question paper contains 16 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 script during this period.

RWtrr tl1Fl : 3 CJUt 1 Time allowed : 3 hours 1 ﾷｾＧｩｬｱｪ［Ｚｱ＠ ｾＺ＠

ｈＦｬｾｬｬｦ＿ｬ＠ACCOUNTANCY

(i) 'lW r!Ff-W rfT:r 'l1fTff 7f fcrqqrr t- q;; ?Sf 3#r TT I

(ii) 'JWT q; wit FRif cfi fMrr ｾ＠ t I

(iiiJ ｾ＠ Cf# m 'JWT ?Sf 3hr 7f7f # CfiTt f!q)'JWT m CfiRT t 1

(iv) fcRft rrFr cfi wit 'l1f1ff cfi dfff f!CI? "if ｾ＠ W' ｾ＠ I

General Instructions :

(i) This question paper contains three parts A, B and C.

(ii) Part A is compulsory for all candidates.

[ ｾ｡ｦｱＬ＠ :80 [Maximum marks : 80

(iii) Candidates can attempt only one part of the remaining parts B and C.

(iv) All parts of the questions should be attempted at one place.

67/1/3 1 [P.T.O.

t.i;\," --- ...,._

www.examrace.com

cqrrr_q;-

PART-A

Ｈｾ＠ ｾﾷｬ｡ＧＱＱＬ＠ ｦｩｩｾｾｆｦｩ＠ ｭＭｾ＠ ｃ｢ｩＴｦＢＧＱｾＱ＠ ct>'fi;n:r H&iCb"'1)

(Accounting for Not-For-P_rofit Organisations, Paftnership Firms and Companies)

1. ｾｬＮＺｗｊｔｾｾｾｾｾ｣ｴｾＭｭｲｱ［ｲｾｭｭｴ＿＠

For which share of Goodwill a partner is entitled at the time ofhis retirement?

1

2. ｾｾＧｗｔ＼ｒｭＭｔｾｾｔｋｾｾｾｦ｣ｲｦｦｩ｣ｬｾｱ［ｲｾｾ＠ I 1 Name the financial statement prepared by a Not-For-Profit Organisation on accrual basis.

3. ｾｾｾｾＭｾｾＢ｣ｴｾｱ［ｲｾｾｦｦｩＧｬＺｲｾ＠ I

Give any one advantage for the redemption of debentures by purchase in the open market?

4. ｾ＠ ｾ＠ mT tft TTt ｾｾ＠ ct ｾ＠ ct ｾ＠ -q: ｾ＠ '81$1<;1(l ｾ＠ ct ｾ＠ Cf;T

1

ｾｾｉ＠ 1 State the provisions of Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered.

ｾﾷ＠ ｾＱｦＱＱｴＪＢｾＪＢｾＭ･ｹｾｱ［ｲｾｾ＠ I

6.

State any two occasions on which a firm can be reconstituted.

ｾｗｉＢＮｾ＠ Till ｗｉＢＮｾｾ＠ 1o,oo,ooo ct 'qCR Cf;T ｾ＠ M 1 ｾｵｲｮ＠ ct 1o% Cf;T 1fRfR Till WI". q;l ｾ＠ ｾ＠ ct m-r fcn<n 'T<IT 1 ｾ＠ um Cf;T 'lfffiR ｾ＠ 1 o ｾ＠ ct "WffiT ｾＮ＠ m 1 o% ct ｾ＠TK Frffi:m fcn<n 'T<IT 211, *" mT fcn<n 'T<IT I

ｾ＠ Wr. q,1 ｾ＠ ll ＳＱＱｃｬｾｬｊｃｦＩ＠ (hHI4"CCI ｾｦｱｦ｜Ｚ･ｬｊｩ＠ ｾ＠ I

Jain Ltd. purchased Building ｦｯｲｾ＠ 10,00,000 from Gupta Ltd. 10% of the payable amount was paid by a cheque drawn in favour of Gupta Ltd. The balance was paid by issue of Equity Shares ｯｦｾ＠ 10 each at a discount of 10%. Pass necessary Journal Entries in the books of Jain Ltd.

ｾｾｗｲＮ＠ ｾｾ＠ ＱＰＰｾＪＢＷＵＰＰＬ＠ ＱＲＥｾＬ＠ ｭＭｾＳＵｾＪＢｾｔｋｆｲｦｦｩＺｭ＠

ｾ＠ 211, "ct tffir ｾ＠ ｾ＠ ｾ＠ I ｾｵｲｮ＠ Cf;T 'lfffiR ｾ＠ TK ｾ＠ 211 I

ｾ＠ ｬｏＬｏｏｏｾＪＢｦｦｦｩｲｾｾｾ＠ ＱＲＵＰＰｾＪＢｦｦｦｩｲｾｃｦｩｔﾫｾｭｬｦｬｩｔ＠ｾ＠ ｾｵｲｮ＠ Cf11ro ｾ＠ tft TTt 1 ｾ＠ ｾ＠ q;l ｾ＠ Cf;T ｾ＠ ｾ＠ m TfliT 1

ｾｾＢ｣ｴｾｾｾｗｲＮ＠ ｱＬｬＭｾＭｱＺ＠ (hHI4ill ｾｦｱｦｾｚｬｬｩ＠ ｾｉ＠

Narain Laxmi Ltd. invitedapplications for issuing (500, 12% Debentures ｯｦｾ＠ 100 each at a premium ｯｦｾ＠ 35 per_ Debenture. The full amount was payable on application. Applications were received forTO,OOODebentures. Applications for 2500 Debentures were rejected and the application money was refunded. Debentures were ｡ｬｬｯｴｴｾ､＠ to the remaining applicants: · Pass necessary Journal Entries for the above transactions in the books of Narain Laxmi Ltd.

67/1/3 2

1

3

3

www.examrace.com

'"

( 8. ｦＮＺｰＺ＼ｩｦｾｦ｀､＠ ｾｾ＠ 31-3-2011 ｣ｮｲｾｾｾ｣ｴＭｾｾｾｭＭ｣＼ｩ＠ aw:rcit, 3Wfo!:pp§ffi# ,;_. ｾＭｭ･ｴＭｾＬ＠ ｔｦｕｒｔｾ＠ I 3

ｾ＠ 2010-2011 -q- ｭＭ･＼［ｾ＠ ( 3,40,000

31-3-2011 cnT ｾｾ＠ ( 47,000

31-3-2011 cnT -31ftrq ｭＭ･＼［ｾ＠ ( 35,000

1-4-2010 cnT ｾ＠ ｾ＠1-4-2010 cnT 3lfuq ｭＭ･＼［ｾ＠

( 28,000

( 25,000

From the following information, calculate the amount of income from subscriptions to be shown in the Income and Expenditure Account for the year ended 31-3-2011 :

Subscriptions received during the year 2910-2011 ( :1,4.0,000 Subscriptions outstanding as on 31-3:-2011 ( 47,000 Subscriptions received in advance as on 31-3-2011 ( 35,000 Subscriptions outstanding as on 1-4-2010 ( 28,000 Subscriptions received in advance as on 1-4-2010 +- ( 25,000

9. ｾＬ＠ ＱｦｵＺｲｾｾｾｴ｜ｩｬｬｾ｣ｯｲｾＺ＠ 14:5:6 ｣ｴＭｾＣｾｾｴ＠ 1

1fu:r ｾ＠ muT CROT t ｾ＠ 3l1:AT Mfl1 aom ;5 ｾ＠ ct"lW # ｾ＠ t I ｾ＠ Cf;f '"[lflliCfl'1

ｾ＠ ct- 2 ｾ＠ ct- ｾ＠ ct- ｾ＠ ｾ＠ fct><rr ｾ＠ t ｾ＠ TfURT f1mB ffl";r mm ct- ｾ＠ (qrq

ｾ｣ｩｴ＠ \i'ffift t I flmB ffi";r q-qf ct" (qrq ｾ＠ ( 50,000, ( 55,000 "fMT ( 60,000 t I "WlR ｾ＠

｣ｩｴｾ＠ 1:0I"IT Cf)f ｾ＠ (qrq ( 3o,ooo mmt 1 tfi1t ｣ｩｴｾ＠ -q- ｾ＠ Cf)f ｾ＠ ｾ＠ ｾ＠ m-( 75,000 ｾｴ＠ ＱＱｦｵＺｲ｣ｴＢｾｾ｣ｮｴｾ｣ｴＢｾｬｦｩｴｦ｣ｰｲｾｾ｣ｰｲｾ＠ ( 1,00,000 t I 3N-ft TfURTaoiT coT fG€H11M ｾ＠ lfill ｣ｩｴｾＣｾ＠ ct" Wlll!l'i1'1 ｾ＠ ｾ＠ fc«wJT cit ｾｬｱｾ＿ＧＴｃｦｬ＠{l'i1'11JOiill ｾｬｦｱｦｾｱｪ＠ ｾ＠ I 4

Arjun, Bhim and Nakul are partners sharing ｰｲｯｦｩｴｳＢＢｾ＠ losses in the ratio of ＱＮＴ｟ｾＢｩ＠ : 6 respectively. Bhim retires and surrenders his 5/251

h share in favour of Arjun. The goodwill of the firm is valued at 2 years purchase of ｳｵｰｾＺｲ＠ ｰｲｯｦｩｴｾ＠ based O!J (:lver(:lge profits of last 3_ years. The profits for the last 3 years are ( 50,000, s 55,000 & ( 60,000 respectively. The normal profits for the similar firm are ( 30,00Q. Goodwill already appears in the books of the firm at ( 75,000. The profit for the first year after Bhim's retirement was ( 1,00,000. Give the necessary Journal Entries to adjust Goodwill and distribute profits showing your workings.

10. ft Wr. -;:{ wR ( 100 ｾ＠ ct" 750, 12% ｾ＠ ct" ｾ＠ q;r ｾ＠ fW::IT I Cfi10lFft-;:{ 500

ｾｴｦｩｦｾＨ＠ ＹＴｾｾ｣ｩｴｾｾｾｾｾｍ＠ ｾｾｾｴｦｩｦｾｾＭｱＭｾ＠

M llCIT I Cfi10lFft -;:{ ｾ＠ 1T;l ｾ＠ ｾ＠ tfif ｾ＠ 3N-ft ｾ＠ -q- ｾｩｴ＠ fcncrr "[3TI t I

ｾｾ｣ｴＢｾｾ｣ｩｴｾＣＳＱＱ｣ｆ＿Ｔｃｦｬ＠ {l'i1'11JOiill ｬＧｬｦｱｦｾｱｪｾ＠ I . 4 Shakti Ltd decided to redeem its 750, 12% Debentures of( 100 each. The company

" purchased 500 Debentures at ( 94 per Debenture from the open market. The remaining debentures were redeemed out of profits., The company had already made a provision for Debenture Redemption Reserve in its books.

67/1/3

Pass necessary Journal Entries in the books of the company for the above transactions.

3 [P.T.O.

www.examrace.com

t; .. ll . 't

11. ｾｾ＠ ｾｾｬＺｦｩｬｴＣｾｾ｜ｩＧｦｬ＠ 5:3 ｣Ｉ［ｾＣｾｾｾ＠ I 1-4-2010 ｣ｮｬｾ＠

ｾ＠ ｾ＠ f.:il=l w:PR" ｾ＠ : ｾ＠ ｾ＠ 60,000 ｾ＠ ｾ＠ ｾ＠ 80,000 ｉｾｾ＠ 1R 12% >ffu qq- Clft ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ "tR 15% >ffu qq- Clft ｾ＠ ｾ＠ ｾ＠ w1R cnr R*r fcfi<:rr 1 31-3-2011 c:nT wwn ｾ＠ qq- ｣Ｉ［ｾｾｾ＠ '8414l'l1'1l ｾ＠ 'Fll:filt cnr ｾ＠ ｾ＠ 12,600 ｾ＠ 1 qq- ｣Ｉ［ｾ＠m ｣Ｉ［ｾ＠ ｾ＠ 2,ooo ｾ＠ ｾ｣Ｉ［ｾ＠ 4,ooo ｾ＠ 1 ｾ＠ ｾ＠ ｾ＠ cnr ｾ＠ mf.1 f14l'i1"1 "@fffi

ｾ＠ ｾ＠ ｾ＠ ｾ＠ TJURT-m c:nT ｾ＠ ｾ＠ 1 1:filt -q mf.1 ｾ＠ Clft ｾ＠ -q -m ｾ＠ 1f{ ｾ＠ W:rr ｾｉ＠

Arun and Arora were partners in a fiflll sharing profits in the ratio of 5 : 3. Their fixed capitals on 1-4-2010 were: Arun ｾ＠ 60,000 and ａｲｯｲＨＡ｟ｾ＠ 80,QOO. They fgreed to allow interest on capital @ 12% p.a. and to charge on drawings @ 1_5% p.a. The profit ofthe firm for theyear ended 31-3-2011 before all above adjustments were ｾ＠ 12,600 .. The drawings made by Arun ｷ･ｲ･ｾ＠ 2,000 and by ａｲｯｲ｡ｾ＠ 4,000 during the year. Prepare Profit and Loss Appropriation Account of Arun and Arora. Show your calculations clearly. The interest on capital will be allowed even if the firm incurs loss.

12. f18Rvtf@ct ｾ｣Ｉ［ｾｬｦｦＺＳＺｲＡｉｦｾｲＮ｟ｃｬｦｴｾＣ＠ ｾｾｃｉｾＴ＼Ｚｦｬ＠ {l'i\"114T.ll ｾｦｃｩｦｾｚｬｬｩ＠ ｾＺ＠

.-(i) ｾ＠ 175 ｾ｣Ｉ［＠ 1,200, 9% ｾ｣ｮｲｾｾ＠ ＱＰｯｾ｣Ｉ［＠ 10% ＢＢＱＱｴｾＮ＠ Fr-%5% ｣Ｉ［ｾ＠ 1R f.:rrTP:lo fcfi<:rr TFIT, # 4RCiffict ｾ＠ ｾ＠ TFIT I

(ii) ｾＵＰ＠ c); 19,000, 6% ｾＢ＼Ｚｦｩｔｾｾ＠ 100 ｾ｣Ｉ［＠ W10T ｾ＠ # qf{qffm m

4

fcfi<:rr I WlctT ｾ＠ cnT 5% ｣Ｉ［ｾ＠ "4'{ Rrlfi:m ｾ＠ rr:IT I 6

Pass necessary Journal Entries for the following transactions in the books ofN.R. Ltd: @ Redeemed 1,2,QO, 9% Debentures ｯｦｾ＠ 17S each by converting into New 19%

Debentures ｾＭｾｽＰＰ＠ each issued at a ーｲ･ｭｩｵｭＮｾｾＭｓｯＯｾ＠ ·--(ii) Redeemed-19,000, 6% Debentures ｯｦｾ＠ 50 each by converting them into Equity

r! Shares ｯｦｾｬｏｏ＠ each. The Equity Shares were issued at a discount of 5%.

13. ﾷｾ＠ <'MT '"&' ｾ＠ 1:filt c); 3 : 2 ｾ＠ -4 ｾ＠ ｾ＠ 1 31-3-2011 c:nT lf1lt cnr Wffif ｾ＠ f.1R ｷＺｐｦｻｾＺ＠

67/1/3

r L

31-03-2011 q;f 'Cfi" ｾ＠ ＧｾＧ＠ ｱ［ｦｾ＠ fctcHUI

ｾ＠-nfu ffi"' -nfu

' fii'Q c:u

Ｍｾ＠ f ｾＺ＠ 'qCR 2,40,000

ﾷｾ＠ 3,00,000 ｾ＠ 1,75,000

'"&' 2,00,000 5,00,000 ｾ＠ 80,000

ｾｾ＠ 1,17,000 ｾ＠ 75,000

ｾ＠ 47,000

6,17,000 6,17,000 " " 1-4-2011 cnT 1filf Ｂ＼Ｚｦｩｔｾ＠ m TFIT ｾ＠ ｯｴＺｩｾｦ｜Ｑ＼Ｍｬｬ＠ ｾ＠ ｾＧＱｇｉｒ＼Ｍｬｬ＠ cnT f'1«11(Ul f'11-111,ot:il( sa:rT:

(i) ｾ＠ -;l 'l1CR cnT ｾ＠ ｾ＠ 'lfffiR ｾ＠ ｾ＠ fu<:rr I

(ii) ｾ＠ cnT '"&' -;l ｾ＠ ｾ＠ ｾ＠ 5% 'Cflll"tR ｾ＠ 'lfffiR ｾ＠ ｾ＠ fu<:rr I

4

6

www.examrace.com

I

ＩＮｾﾷｾ＠

(iii) ｾｾｾＳｦｴｕｔｾｾＭ［ｻ＠ ｾ＠ ＵＬＰＰＰｾＨＧｦｬｬｦｦｩＱｒＢｾｾ＠ I

(iv) ｾｾｾ＠ ＷＰＬＵＰＰｾｾｾ＠ I

(v) '"@"' ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ I ｾ＠ ｾ＠ ｾ＠ ｾ＠ '"@"' Cl1T ｾ＠ 500 CfiT

'lfffiR ｾ＠ 1FIT I ｾ＠ ｾ＠ ｾ＠ cll«ifCICfi "Ufu ｾ＠ 1,000 ｾ＠ I l:fi1t ｾｗｗｒ＠ ｾｾ＠ Ｓｊｩ＼［ｪｾＴｃｦｩ＠ ｾｽｩｈｉＧＢｉｩｬｬ＠ l'lfCift<:4l ｾ＠ I

A and B were partners in a firm sharing profits in the ratio of 3 : 2. On 31-3-2011 Balance Sheet ofthe firm was as follows: •

Balance Sheet of A & Bas on 31-03-2011

Liabilities Amount

Assets Amount

ｾ＠ ｾ＠

Capitals: Building 2,40,000 A 3,00,000 Furniture 1,75,000 B 2,00,000 5,00,000 Debtors 80,000

Sundry Creditors 1,17,000 Stock 75,000 Cash 47,000

6,17,000 6,17,000 ... The firm was dissolved on 1-4-2011 and the Assets and Ltabthttes were settled as folluws: (i) Building was takenover bythe creditors as their full & final payment. (ii) Furniture-was -taken over,_by B for cash payment at 5% less than the book

value. - --(iii) Debtors were collected by a debt collection agency at a cost ｯｦｾ＠ 5,000. (iv) Stock ｲｾｊｪ｟ｳｾｱ＠ ｾＮｬｑｾｳｯｯＬ＠ -(v) 'B' agreed to ｢･｡ｲｾｕ＠ reali.zation expenses. For this service B is.paid ｾ＠ 500.

Actual expenses on realization amounted to ｾ＠ 1 ,000. · ＭＭｾ＠

Pass necessary Journal Entries for dissolution of the firm.

14. 31-3-2011 Cl1T WW<f ｾ＠ ｾ＠ ｾ＠ ｾ＠ Ｇｾ＠ ｾﾷ＠ CfiT Ｇｾ＠ ｾ＠ 'lfffiR '@RIT' ｦＮＱｊ＼ｩｦＨＱｦｾﾣｨＱ＠ 2lT : 6

31-3-2011 ｾｾｾｲｩ｣ｦｩＢｦｦｦｩｲ＠ ＧｾｾＧ＠ ｾｭｦｴｯｾ＠ 1fl0Rmol" ';f1l1 \if1U

mfto ｾ＠

1flOR ｾ＠

ｾ＠ 3,400 (8 CfiT 24,000

'lf10R) ｾ＠ 21,000 ｾ＠ 3,000

ｭｾ＠ 5,750 ｾ＠ 2,750

ｾＨｾ｣Ｉ［ｾｾ＠ 1,000 2,100 ｾ＠ 5,000 ｾｦｕｩｦＨＱＨＱＩ＠ ｾ＠ 7,500

ｾｱ［ｲｾ＠ 7,550 9% ｾ｜ｩｦｬｬｦ＠ 10,000 (30-6-2010 Cl1T)

f.:rcfm CfiT ｾ＠ ｾｾ＠ 15,400 ｾ＠ ＨｾＧｒｔｔ＼ｴＩ＠ 2,950 ｾ＠ 16,000)

55,200 55,200

67/1/3 5 [P.T.O.

www.examrace.com

ｾ＠ 'mfl:<i ｾ＠ 'lf10R ｾﾷ＠ ｾ＠ 31-3-2011 cp)- ｾ＠ ｾ＠ crtt ｾ＠ ｾ＠ '3Wf ｾ＠ oqc:r "&ffiT' ｾ＠

ｾｉ＠Following is the 'Receipts and Payments Account' of 'New Club' for the year ended 31-3-2011 :

Receipts and Payments Account of 'New Club' for the year ended 31-3-2011 Dr Cr

Receipts Amount

Payments Amount

ｾ＠ ｾ＠

To Balance b/d 3,400 By Salaries (paid for 8 24,000 months only)

To Subscriptions 21,000 By Rent 3,000

To Entrance Fee 5,750 By Electricity 2,750

To Donations (includes 2,100 By Honorarium 5,000 ｾ＠ 1,000 for Building) By Books 7,500

To Hall Rent 7,550 By 9% Fixed Deposits 10,000 (on 30-6-2010)

To Sale of Investments 15,400 By Balance c/d 2,950 (Book value ( 16,000)

55,200 55,200

From the above 'Receipts and Payments Account', prepare an ＧｊＡＡＭｾＨＩ｟ｉｰＮ｟･ｾ｡ｮ､＠

Expenditure Account' of 'New Club' for the year ended 31-3-20lr------15. Ｇ＼ＹＧｾＧｔｃｾｾｾＳＺ＠ ＲｾｾＢＣｾｾｾ＠ 131-3-2011 ｣ｰＩＭｾｾｾ＠

f.:fJ:;r WfiR ｾ＠ : • 8

67/1/3

31 liT'€f 2011 Cf5T ＧｾＧｯｭ＠ 'TT' ｱ［ｲｾｦ｣ｲ｣ｒＢｵｲ＠

ｾ＠ｾ＠ fl+qfit<if ｾ＠

ｾ＠ ｾ＠

ｴｭｾＺ＠ ｾｾ｣ｱｱＮ［ｻ＠ 80,000

'<9' 60,000 ｾ＠ 20,000

'Tf' 40,000 1,00,000 ｾ＠ 10,000

ｾ＠ "5ftUlT ｾｗｭＺ＠ ｾ＠ 1,000 ｾ＠ 25,000

ｾ＠ 60,000 ｾ＠ 16,000

ｾＭｭｷｭ＠ 10,000

1,61,000 1,61,000

't:r' cpT f.:p:'1f<1f&<1 ｭｩｔｾｾ＠ lR ｾ＠ ｾｾ＠ 'lWT ｾｾ＠ ｾｾ＠ ｾ＠ <iRJ<:IT TfCn" :

(i) ｾｾ｣ｮｲ［ｲｲｲ＠ ｾＲＺ＠ 2: 1 ｾｾｾ＠ 1

6

www.examrace.com

(ii) ''Ef ｾ＠ 30,000 3ltfiT lpiT ｾｗｭＺｾ＠ (MT ｾ＠ 15,000 "&nfu ｾ＠ ｾ＠ 'lWT ｾｗｭＺｾ＠ I

(iii) ｾ＠ ｾ＠ "&nfu q)f 3Tim 'qJ1T ｾ＠ ｾ＠ ｾ＠ ｾ＠ fW:rr ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ q)f ｾ＠

ＧＭｱＧｾＢＡｗｬｬｾｾ＠ I

(iv) ｾＭｱｲｾＨｍｔｾｾｾｗｲｯＺＵｯＯｯｱ＿ｦｭ｣ｲｴｬｒｾｾ＠ I

(v) ｾ＠ 1l ｴｾｦ｡Ｚｴｦｾｭ＠ ｾ＠ 500 cit ｾｬｦｱｱＩｦ＠ 'lfRlR ｾ＠ ｾ＠ ｾ＠ 1

(vi) ｾｾｾｾ＠ ＸＰＰｾｾｾｾｇｔＢｃｴｾｗｲｯＺｭ｣ｲｴｔｒｾｾ＠ I

ｾ＠ fl414l\i1'1l ｾ＠ ｾ＠ ﾷｾﾷ＠ (MT 'TT' ｾ＠ lpiT ｾ＠ q?f fl414i\i1'1 '-q' cit lpiT ｾ＠ ｾ＠ -qr

ｾｾＮ＠ ｾｗｲｯＺｾｾｾｾｾＳｬＧＴｃｉｔｾＧｬｦｒｊｒｾｾ＠ I

ＹＩＧＱＴ｜ｾｩｃｦｩＧＱｬｓｦｦｦｩｬＬ＠ flli!GI'I.l ｾ＠ ... lprr ｾ＠ (MT ｾ＠ ｾ＠ q?f ｾ＠ fqq-{ur ｾ＠ ｾ＠ I

mrcrr

ﾷｾﾷＬ＠ ·t· (MT ﾷｾ＠ ｾｾ＠ ll ｾ＠ q "\i1T ｾ＠ "CfiT 7:2:1 ｾ＠ ｾ＠ ll ｾ＠ ｾ＠ ql 31

l1T'Cf, 2011 "CfiT ｾ＠ q)f ｾ＠ fqq-{ur f.:p:::u'jfll{ ｾＺ＠

67/113

31 ｾ＠ 2011 C6T ''if', 'f' ｾ＠ Ｇｾ＠ corfu?mr-fcrcrrur

ｾＢＱｇｉｒｱｩ＠-mr R "' -mr

fii'Q fjqj f ｾ＠

lpff: "&nfu 40,000

ﾷｾﾷ＠ 70,000 ｾＨｍｔＧｱｱＮｦ＠ 60,000

·t· 20,000 ｾ＠ 40,000

ﾷｾ＠ 10,000 1,00,000 ｾ＠ 7,000

ｗｬＱｒｦｾ＠ 20,000 ｾ＠ 12,000

't' q)f ?itUT 30,000 ｾ＠ 5,000

ｾ＠ 14,000

1,64,000 1,64,000

24 -wrn; 2011 "CfiT ·to cit ｾ＠ m TTt 1 M ｾ＠ ｾ｣ｩｴ＠ lff<:I -q"{ ｾ＠ lpfT ｾ＠ 3F<i ｾ＠

eycij ｾｦＮＺｲｴＢｒＺｒ＠ ｾｗｭＺ＠ ｴｾｉＤＱｇｈｬ＠ ｾ＠ ll f-18f1:1PsH1 mcrtTR Wf ｾｴＺ＠(i) ｾｾ｣ｩｴ＠ lff<:I ｾ＠ ｾ＠ (fCf) ｾ＠ ffi'l1 ｾ｡ｭ＠ cit TTURT ｾ＠ ｾ＠ crc:rr ｾ＠ ｾ＠ ｾ＠

ｾ＠ ｾ＠ -qr ｣ｩｴｾ＠ "\i1T ｾ＠ 80,000 ｾ＠ I

(ii) ｴｾａｩｦｦｬｬｬｬ＠ ｾ＠ ＹＩＧＱＴ｜ｾｩｃｦｩＧＱ＠ (MT ｾＧＱｇｉｒＴｬ＠ ｾｬｦｬＺ＠ f.:NRur ll ｾｾｾｾ＠ mR q)f am, "\i1T f'181'jfll< t : ｾ＠ (MT 'qCR q)f ＹＩＧＱＴ｜ｾｩｃｦｩＧＱ＠ ｾ＠ 94,000, ｾ＠ q)f ｾ＠ 38,000 (MT ｾ＠ q)f

ｾ＠ 5,000 ｾ＠ Tfc:rT I ｾ＠ ｾ＠ ｾｗｭＺ＠ ｾ＠ -qr Ｒｾ＠ q?f ｾ＠ ｾ＠ Tfc:rT I

7 [P.T.O.

Ｍ ﾷ ＭＭｾ＠ ·-·-- ... ., j )

www.examrace.com

(iii) f.::rcRvf ｾ｜ｩｬｬ＠ 'l' ｾ＠ f.:t&:Ji<;Cfl 'Cfll ｾ＠ ｾＮ＠ ｾ＠ ｾ＠ ｾ＠ ll ｾｈｉＧＢｦｬｒｯ＠ Cf;t ey llt, ｾ＠Ｇｬｦｬｏｒｾｬｬｍｾ＠ I

ＧｬＧＱｬｦｾｩｃｦｬＧＱ＠ ｾＮ＠ ＧＸＱＤＱ＼［ＱｾＮＱ＠ ｾ＠ ｾ＠ ｾＮ＠ 'l' ｾ＠ ｾ＠ CfiT ｾ＠ ｾ＠ ﾷｾﾷ＠ ｾ＠ ﾷｾ＠ CfiT Wlfu fqcwJr ｾ＠ ｾ＠ ｾ＠ ;wR ipiT ｾ＠ "Cfl) ｾ＠ ffi'l1 ｾ＠ ll ｾ＠ ｾ＠ 04q'81lJ 'Cfll ｾ＠ ｾ＠CfiT f.wT.r:r M ｾ＠ , fcRft m- ｾ＠ <rr "Cfl1=ft 'Cfll '8t$l<;R1 ｾ＠ ｾ＠ ｾ＠ .q ｾ＠ H l'"flRo Cf;t ｾ＠

ｾｉ＠

'B' and 'C' were partners sharing profits in the ratio of 3 : 2. Their Balance Sheet as

on 31-3-2011 was as follows:

Balance Sheet ofB and Cas on 31-3-2011

Amount Amount Liabilities Assets

f f

Capitals: Land and Building 80,000

'B' 60,000 Machinery 20,000

'C' 40,000 1,00,000 Furniture 10,000

Provision for bad debts 1,000 Debtors 25,000

Creditors 60,000 Cash 16,000

Profit and Loss Account 10,000

1,61,000 1,61,000

'D' was admitted to the partnership for 1/Sth share in the profits on the following

terms:

ｾＨｩＩ＠ The new profit sharing ratio was decided as 2 : :: _:_].

67/1/3

(ii) D will ｢ｲｩｮｧｾ＠ 30,000 as his capital ｡ｮ､ｾ＠ ＱｾＬＰＰＰ＠ for his share of goodwill.

Wi) Half of goodwill amount was withdrawn by the partner who sacrificed his

share ofprofit in favour of'D:.

(!.¥} A provision of 5% for bad and doubtful debts was to be maintained.

(v) An item off 500 included in Sundry Creditors was not likely to be paid.

(vi) A provision ｯｦｾ＠ 800 was to be made for claims for damages against the firm.

After making the above adjustments the Capital Accounts of 'B' and 'C' were to be

adjusted on the basis of D's Capital. Actual cash was to be brought in or to be paid

off as the case may be.

Prepare Revaluation ａｾ｣ｯｵｮｴＬ｟ｐ｡ｲｴｮ･ｲＧｳ＠ Capital Accounts and Balance Sheet of the -------- • ··- ., --· Ｎ｟Ｎ｟｟｟｟ｾＭＭﾷ＠ -·· - .,

new firm.

OR

8

www.examrace.com

-y:-- 'G', 'E' and 'F' were partners in a firm sharing profits in the ratio of 7 : 2 : 1. The

Balance Sheet of the firm as on 31st March, 2011 was as follows :

67/1/3

Balance Sheet of 'G', 'E' and 'F' as on 31st March, 2011

Amount Amount Liabilities Assets

f f

Capitals: Goodwill 40,000

'G' 70,000 Land & Buildings 60,000

'E' 20,000 Machinery 40,000

'F' 10,000 1,00,000 Stock 7,000

General Reserve 20,000 Debtors 12,000 -Loan from 'E' 30,000 Cash 5,000

Creditors 14,000

1,64,000 1,64,000

'E' died on 24th August 2011. Partnership deed provides for the settlement of claims

on the death of a partner in addition to his capital as under :

(i) The share of profit of deceased partner to be computed upto the date of death

on the basis of average profits of the past three years which was f 80,000.

(ii) His share in profit/loss on revaluation of assets and re-assessment of liabilities

which were as follows :

Land and Buildings were revalued at f 94,000, Machinery at f 38,000 and

Stock at f 5,000. A provision of2!% was to be created on debtors for bad and

doubtful debts.

(iii) The net amount payable to 'E's executors was transferred to his Loan Account,

to be paid later on.

Prepare Revaluation Account, Partner's Capital Accounts, E's Executor A/c. and

Balance Sheet of 'G' and 'F' who decided to continue the business keeping their

capital balances in their new profit sharing ratio. Any surplus or deficit to be

transferred to current accounts of the partners.

9 [P.T.O.

www.examrace.com

16. ｾ＠ fR. ｾ＠ ｾ＠ 10 ｾｾ＠ 80,000 Ｂｗｒｉｔｾ＠ ｾｦＮＺｲｨＺｒ＠ ｾｾ＠ ｾ＠ ｾ＠ ｾ＠ I 'f-1 ｾ＠

em ｾ＠ 4o ｾ＠ ｾ＠ ｾ＠ ｾ＠ -q"{ f.:r'ffi:m Cf;8T ｾ＠ 1 "{Tfu Cf;T ｾ＠ R8 ｾ＠ ｾ＠ CfiBT ｾ＠ : s

ｾ＠ -q"{ ｾ＠ 35 ｾ＠ ｾ＠ Ｈｾ＠ 30 ｾ＠ flfa:jf('lct)

ｾ＠ -q"{ ｾ＠ 8 ｾ＠ ｾ＠ Ｈｾ＠ 4 ｾ＠ ｦｬｦ｡Ｚｪｦｾ｣ｴＩ＠

ｾｾｾｾｗＭｗｴｬ＠

77,000 ahiT ｾ＠ ｾ＠ ｾ＠ mt<1 ｾ＠ I ｾ＠ ｾ＠ em ｾ＠ "CflT ｾ＠ C6r W;rr 1r:rf I ｾＧ＠

m 1,ooo 3lm Cf;T ｾ＠ ｾ＠ rr:rr ｾＬ＠ ｾ＠ ｾ＠ mw Cf;T ｾ＠ ｾ＠ ｾ＠ 1 ｾ＠ ｾ＠ ｾ＠

ｾ＠ ｾ＠ a:fm ･ｭｾ＠ C6r fW:rr 1r:rf I dtl'Hillct.._ ｾ＠ ｾ＠ ｾ＠ <:rRRT 11'lTft Tit ｉｾＮ＠

ｾ＠ '!lm 5oo ｾ＠ et, ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ Cf;T ｾ＠ ｾ＠ ｾ＠ 1 ｾ＠ 3lm em m ｾ＠Cfl\ fW:rr TFrr ｉｾｾ＠ TTCi 3lm ll ｾ＠ 1,000 3im "CflT ｾ＠ ＵＰｾ＠ 3iw 'Ef>1 ｾ＠ ｾ＠ ｾ＠ ｾ＠ lf{ :

Frh:R CflrW:lr TFrr I lfl: f.:rifi:m ｾ＠ TFt ｾ＠ ll ｾ＠ ｾｾ＠ .3ffi ＧＸｦａＴｦｾ｣ｴ＠ et I

ｾ＠ Wr. "Cfft ｾ＠ ll ｾ＠ ｾ＠ ｾｾ＠ 311CI/?4Cfl ｾｬＧｊｈｉｇｩｬｬ＠ ＡＺｬｦｱｦｾＴｩ＠ ｾ＠ I

ｾ＠

ｾ＠ fR. ｾ＠ ｾ＠ 10 ｾ＠ ｾ＠ 35,000 "WffiT a:rm CfiT 10% ｾ＠ ｾ＠ -q"{ f.1riPm ｾ＠ ｾ＠ ｾ＠ ｾ＠

ｾ＠ ｾ＠ I 'Ufu "CflT 'lfTctR RB ｾ＠ ｾ＠ Cf;BT ｾ＠ :

ｾＭｱＢｻｾ＠ ＵｾＳｬｷ＠

ｾＭｱＢｻｾ＠ 3 ｾ＠ 3iw

ｾｾｾｾＭｱＢｻＭｾ＠

so,ooo arnr ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠ 1 s,ooo a:rm ｾ＠ ｾ＠ ｾ＠ em ｾ＠ Cfl\ W:rr TJ<n ｾ＠ 'f-1

ｾ＠ "Cfft ｾ＠ "Ufu qp:m Cfl\ Gl Tit I m ｾ＠ em 3i'ffl "CflT ｾ＠ 3111qlfoi:fl 3ITtlR" tR"

fcf;<rr lfliT (MT 'f-1 ｾ＠ ｾ＠ ｾ＠ -q"{ mt(f ｾ＠ -nfu "CflT fiGI41"1"1 ｾ＠ "<R ｾ＠ "{Tfu it

CR ft;r;rr lfliT I ""11cR ｾ＠ 600 3i'ffl ｾ＠ ｾ＠ ｾ＠ fcf;<rr ｾ＠ I ｾ＠ ｾ＠ 'tTfu (MT WTl1 ｾ＠

ｾ＠ ｾ＠ ｾ＠ "CflT 'lfRIR ｾ＠ fcf;<:rr I ｾＧ＠ \ifT 400 3Wf "CflT ｾ＠ ｾＮ＠ ｾ＠ WTl1 ｾ＠ ｾ＠

＼Ｚｦｒａｔｾ＠ "CflT 'lfffiR ｾ＠ ｾ＠ I ""11cR ｾ＠ ｾ＠ ｾ＠ 3lm CfiT ｾ＠ C6r ft;r;rr TiGIT I ｾ＠ ｾ＠ ｾ＠

ahiT 1l ｾ＠ 800 amT em ｾ＠ 15 ｾ＠ 3iw ｾ＠ ｾ＠ lf{: f.:rrtftTct" CR ｾ＠ TiGIT I

1ft: f.:rifi:m ｾ＠ TT<t amt -q • ｾ＠ ｾ＠ :am ｴｾｦｕｩｦＨＧｬ｣ｴ＠ et 1 ｾ＠ ｾ＠ ｾ＠ ｾ＠ ｾ＠

Wr. Ｇｅｦ＾ｬ Ｎ ｾ＠ ll 311CI/?4Cfl ｾｬＢＱＢＱＱｇｦＺｬｩ＠ ｾｦｱｦｾＴｩ＠ ｾ＠ I

67/113 10 '1;..1'

..

www.examrace.com

u

Shyam Ltd invited applications for ｩｳｳｵｩｮｧｾ｟ｑ Ｑ ＰＰＰ＠ Equity Shares of { 10 each at a

premium of { 40 per share. The amount was payable as follows :

On Application { 35 per share (including { 30 Premium)

On Allotment { 8 per share (including { 4 Premium)

On First and Final Call- Balance

Applications for 77,000 shares were received. Shares were allotted to all the

. applicants. Sundram to whom 7 ,QQO shares were allotted failed to pay the allotment

money. His shares were forfeited immediately after allotment. Afterwards the first

and final call was made. Satyam the holder of 500 shares failed to pay the first and

final call. His shares were also forfeited. Out of the forfeited shares 1,000 shares

were re-issued at { 50 per share fully paid up. The re-issued shares included all the

shares of Satyam.

Pass necessary Journal Entries for the above transactions in the books of Shyam Ltd.

OR

Jain Ltd. invited applications for issuing ]5,000 Equity Shares of { J.O each at a

discount of 10%. The amount was payable as follows :

On Application { ? per share.

On Allotment { 3 per share

On First and Final Call - Balance

Applications for 50,000 shares were received. Applications for 8,000 shares were -rejected and the application money of these applicants was refunded. Shares were

67/113

allotted on pro-rata basis to the remaining applicants and the excess money received

with applications from these applicants was adjusted towards sums due on allotment.

J eevan who had applied for 600 shares failed to pay allotment and first and final call

money. Naveen the holder of 400 shares failed to pay first and final call money.

Shares of Jeevan and Naveen were forfeited. Of the forfeited 800 shares were

re-issued at { 15 per share fully paid up. The re-issued shares included all the shares

ofNaveen.

Pass necessary Journal Entries for the above transactions in the boQks of Jain Ltd.

11 [P.T.O.

www.examrace.com

ＧｭＧｔＭｾ＠

PART-B

ｾ＠ ｦｾ｣ｈｕｩｪ＠ ctrr ｦｾｬｩｾｅＴＰＱＩ＠

(Financial Statements Analysis)

7 ﾷｾｾｦｵｃｒｕｔﾷ＠ GRR Cfif ｾ＠ ｾ＠ I

18.

I

State the purpose of preparing a 'Cash Flow Statement'.

ﾷｾ＠ ｐＱｾｾＱｃＶ＠ ｾ＠ "[[U ｾ＠ ｾ＠ ｾ＠ ｾ＠ Rvro: ｾ＠ 'TffiR' CfiT ｾ＠ ｾ＠ fcrcRuT ｾ＠ｾｾｾｃｦｩｲｾｾｾ＿＠

While preparing Cash Flow Statement what type of activity is, 'Payment of Cash to acquire Debentures by an Investment company' ?

State the significance of Analysis of Financial Statements to the 'Lenders'.

. ＮＯｾｴＺ＠ ＭｭＮｾＮ＠ rn-. Cfif ｾ＠ ｾ＠ 3.s : 1 O'lfT mffi1T ｾ＠ 2 : 1 ｾ＠ 1 * ｾ＠ "[[U ｾ＠ qft / / ｜ｬＧｬｬｾ｣Ｈｉｍｊ＠ Tffl1 '(Oiutf1'141 ｾ＠ "ffi<'f '(Oiutf:a41 cor 3Rff ｾ＠ 1,50,000 ｾ＠ m ｾ＠ ＧＨｏｩｵｴｦｾＴＱ＠ O'lfT ｾ＠

1

1

1

man qft TfURT ｾ＠ 1 3

O.M. Ltd. has a Current Ratio of 3.5 : 1 and Quick Ratio of 2 : 1. If the excess of Current Assets over Quick Assets as represented by Stock is ｾ＠ 1 ,50,000, calculate Current Assets and Current Liabilities.

2.1. f"1Afc:-tf&o ｾ＠ ｾ＠ ｦｾａｦ｣ＺＭｴｦＦｯ＠ .q ｾ＠ ｾ＠ ｾ＠ ｾ＠ qft 7lURT ｾ＠ :

J ｾ＠ "3JtUT-w:rnT ｾ＠

r:sQ Cflt<hfiM ifiT 3iiCRf ｾ＠ "ffliT

(11) Rem "tR ｾ＠

ｾ＠ : W1ffl ｾ＠ ifiT ｾ＠ 50,000 ; ｾ＠ ｾ＠ ｾ＠ 5,000 ; ffi'll-mH (9fflT ｾ＠ ｾ＠ CR ｾ＠

'TffiR ｾ＠ ｾ＠ ｾ＠ 15,000 ; 9% ｾ＠ ｾ＠ 20,000 ; ｾ＠ ｾ＠ 15,000 ; ｾ＠ O'lfT 'l1cR ｾ＠ 65,000

ｾ＠ ｾ＠ 15,000; ｾ＠ ｾ＠ 14,500 "ffliT ｾ＠ ｾ＠ 5,500; ｾ＠ ｾｒｲｦｱ［ｲ＠ ＢｴｬＢｴｾ＠ ｾ＠ 5,000 I

31-3-2011 CfiT 'Wnl{f SCf 'Cffi ｾ＠ Rvro: ｾ＠ ｾ＠ 1,50,000 ｾＮ＠ CR ｾ＠ 50% I

67/113 12

4

www.examrace.com

1 J .,

From the following information, ｣｡ｫｾＺｴｬ｡ｴ･＠ any two ofthe following ratios:

• (a) Debt-Equity Ratio

(b) Working Capital Turnover Ratio and

(c) Return on Investment

Information : Equity Share Capital f 50,000, General Reserve f 5,000; Profit and

Loss Account after tax and interest f 15,000; 9% Debentures f 20,000; Creditors

f 15,000; Land and Building f 65,000; Equipments f 15,000; Debtors f 14,500 and

Cash f 5,500. Discount on issue of shares f 5,000.

Sales for the year ended 31-3-2011 was f 1,50,000. Tax rate 50%.

mlr fcrcRuT

f

.aw:r :

ｾ＠ 2,00,000

-3Rf .aw:r 15,000

¥1" .aw:r 2,15,000

Q!:j'(:f : r

ｾ＠ ｾ＠ lffi'f ctt ｾ＠ 1,10,000

ｾｑＡＺｪＧＨＺｦ＠ 5,000 t

¥1" Q!:j'(:f 1,15,000

)

CR" 40,000

4

67/1/3 13 [P.T.O.

r:

www.examrace.com

Following is the Income Statement of Raj Ltd. for the year ended 31-3-2011 :

Amount Particulars

f

Income:

Sales 2,00,000

Other Incomes 15,000

Total Income 2,15,000 )I

Expenses:

Cost of goods sold 1,10,000

Operating expenses, 5,000

Total Expenses 1,15,000

Tax 40,000

Prepare a common size ｉｮ｣ｯｾｮｴ＠ ofRaj Ltd. for the year ended 31-3-2011.

23. 31-§-2010 ｾ＠ 31-3-2011 q;)- m.tft.fR. ｾ＠ ｦＮｰ］ＭｴｦＨＧｬｦｾｯ＠ ｾｦｱｱＭｻｵｦｨｬ＠ ｾｾｦ｣ｲ｣ｒｵｲ＠ ｾ＠

ｾＺ＠ 6

ｾ＠31-3-2010 31-3-2011

ｦｴＢｬｬｦｾｩＴＱ＠31-3-2010 31-3-2011

f f f f

｡ｭｾ＠ 3,00,000 4,50,000 ｾ＠ 37,500 31,250

'qCR 4,50,000 4,50,000

ｾＭｭｾ＠ 75,000 1,50,000 f.rcffl - 56,250

ｾ＠ 1,50,000 1,91,250

ｾ［｀ｊｔ＠ 1,50,000 75,000 ｾ＠ 7,500 11,250

ｾｆｒＱＱｦ｣ｭ＠ ｾ＠ 60,000 45,000 ｾ＠ 15,000 66,250

ｱ［ｻｾ＠ 30,000 52,500

ｾ＠ 45,000 33,750

6,60,000 8,06,250 6,60,000 8,06,250

6711/3 14

www.examrace.com

｡ｩｦＨＧｩｦｨｭｾＺ＠

crt lf ｾ＠ 1,50,000 ｾ＠ ｾ＠ ｾ＠ ｾ＠ 'l1cR" ｾ＠ ｾ＠ ｾ＠ 6,000 CfiT mH o/ fc!;<rr ｾ＠ I 'l1cR" o/

ｾ＠ ＱＶＬＰＰＰｾｾｾｾｾ＠ I

From the following Balance Sheets of C.P. Ltd as on 31-3:-2010 and 31-3-2011

prepare a Cash Flow Statement.

31-3-2010 31-3-2011 31-3-2010 31-3-2011 Liabilities Assets

ｾ＠ ｾ＠ ｾ＠ ｾ＠

Share Capital 3,00,000 4,50,000 Patents 37,500 31,250

Building 4,50,000 4,50,000

Profit & Loss 75,000 1,50,000 Investments - 56,250

. Account Debtors 1,50,000 1,91,250

Bank Loan 1,50,000 75,000 Stock 7,500 11,250

ProQQSed Dividend 60,000 45,000 Cash 15,000 66,250

ｾｩｳｩｯｮ＠ for tax 30,000 52,500

Creditors 45,000 33,750

6,60,000 8,06,250 6,60,000 8,06,250

Additional Information :

During the year building having book value ｾ＠ !_,5Q,QOQ ｾ｡ｳ＠ sold at a loss ｯｦｾ＠ 6,000.

Depreciation charged on Building was ｾ＠ l_6,QQQ.

'IWI"-'tf

PART-C

Ｈ｡ｔｉｾ＠ t"l&iCfi""") (Computerised Accounting)

11. ｦ｣ｦｩｭｾｱ［ｔ＠ ｾｭｬｦｷｭ＠ ｡ｬ｣ｦ＾ｾｾ＠ ｾｴ＿＠

What is meant by the first digit in the 'code' allotted to an 'Account' ?

18. Ｃｾｾ＠ ｾｃｦＨＺｉｔｴ＿＠

What is #Null Error?

1

1

67/1/3 15 [P.T.O.

www.examrace.com

19. ｃｦｩｬｬｬｻｾｻ＠ CfiT ｾ＠ &lcf814 cn1 ｾ＠ ｾ＠ Cfi«iT t ?

How does the usage of computers help the business ?

Explain any three features of Computerized Accounting Software.

What is DBMS ? Explain its three advantages.

Write the steps of a query to compute D.A. for employees in Microsoft Access.

23. (Cfi) f-18f<1f@1 ｾ＠ ｾ＠ emiT ｾ＠ cp1 "Ufu cp1 TTURT "CfiB ｾ＠ ｾ＠ ｾ＠ lR ｾ＠ cp1 TTURT

ｾｉ＠

ｾ＠ ＴＵＬＰＰＰｾｬｆｦ｣ｴｈｯ｣ｮＲＰＥ＠ ｣ｮＱｇｲｾ［＠

ｾ＠ ＴＵＬＰＰＰｾ＠ ｾ｣ｮＱＢｕｦｵｬｒＲＵＥ＠ ｣ｮＱｇｲｾ＠ I

{liR ctH ﾷｾ｜＠ -q ｾＩ＠

ＨｾＩ＠ ｾ＠ ｾ＠ ｾ＠ fcrffi<:r CfiT4 CfiT ;n11 ｾ＠ ｾ＠ ｗｬＤｬｩｾｑ＠ ｾ＠ ｾ＠ GT ｾ＠ ｾ＠ l1tZr

1

3

4

ｾｾ｣ｮＱｔｔｕｒｔｾｾｦ｣ｮ＼Ｚｲｲｾｴ＠ I 2+4=6

671113

(a) Calculate the formula from the following information on Excel for computing

the amount of conveyance allowance. Basic salary up to ｾ＠ 45,000 @ 20%, for

more than ｾ＠ 45,000 @ 25% (Basic salary is projected in C2)

(b) Name and explain the financial function of Excel which is used to calculate

cumulative interest paid between two periods.

16

-

_j

www.examrace.com