Accountancy Past Paper PDF 67/1/1
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This document appears to be a question paper for an accountancy exam, specifically covering topics like Partnership Firms and Companies, Analysis of Financial Statements, and Computerised Accounting. It includes multiple-choice, short-answer, and long-answer questions.
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666 Series PQ1RS/1 Set 1 àíZ-nÌ H$moS> Q.P. Code 67/1/1 AZwH«$_m§§H$...
666 Series PQ1RS/1 Set 1 àíZ-nÌ H$moS> Q.P. Code 67/1/1 AZwH«$_m§§H$ narjmWu àíZ-nÌ H$moS> >H$mo CÎma-nwpñVH$m Ho$ Roll No. _wI-n¥ð >na Adí` {bIo§ & Candidates must write the Q.P. Code on the title page of the answer-book. 39 34 15 10.15 10.15 10.30 Please check that this question paper contains 39 printed pages. Please check that this question paper contains 34 questions. Q.P. Code 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 write down the serial number of the question in the answer-book 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 :3 : 80 Time allowed : 3 hours Maximum Marks : 80 67/1/1-11 Page 1 of 39 P.T.O. 666 : : (i) 34 (ii) (iii) (iv) I: II : (v) 1 16 27 30 1 (vi) 17 20 31 32 3 (vii) 21, 22 33 I 4 (viii) 23 26 34 II 6 (ix) ^mJ> H$ (gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z) 1. (H$) AVwb, ~rZm VWm grVm EH$ \$_© _| gmPoXma Wo VWm 8 : 7 : 5 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ H$aVo Wo & Xm{_Zr H$mo bm^m| _| 1 ^mJ Ho$ {bE EH$ ZE 5 gmPoXma Ho$ ê$n _| àdoe {X`m J`m, Omo CgZo nyU© ê$n go AVwb go A{YJ«{hV {H$`m & Xm{_Zr Ho$ àdoe Ho$ ~mX Z`m bm^-{d^mOZ AZwnmV hmoJm : 1 (A) 7:7:5:1 (B) 4:7:5:4 (C) 8:7:5:4 (D) 7:5:8:4 AWdm (I) é{eb Ed§ A^ra EH$ \$_© _| gmPoXma Wo VWm 4 : 3 Ho$ AZwnmV _| bm^-hm{Z H$m {d^mOZ H$aVo Wo & CÝhm|Zo gwZrb H$mo \$_© Ho$ bm^m| _| 3 ^mJ Ho$ {bE EH$ ZE 7 gmPoXma Ho$ ê$n _| àdoe {X`m, {OgH$m 2 ^mJ CgZo é{eb go VWm 1 ^mJ A^ra go 7 7 A{YJ«{hV {H$`m & é{eb, A^ra VWm gwZrb H$m Z`m bm^-{d^mOZ AZwnmV hmoJm : 1 (A) 4:3:3 (B) 2:1:3 (C) 2:2:3 (D) 4:3:1 67/1/1-11 Page 2 of 39 666 General Instructions : Read the following instructions carefully and follow them : (i) This question paper contains 34 questions. All questions are compulsory. (ii) This question paper is divided into two parts Part A and Part B. (iii) Part A is compulsory for all candidates. (iv) Part B has two options. Candidates have to attempt only one of the given options. Option I : Analysis of Financial Statements Option II : Computerised Accounting (v) Questions number 1 to 16 (Part A) and Questions number 27 to 30 (Part B) are multiple choice questions. Each question carries 1 mark. (vi) Questions number 17 to 20 (Part A) and Questions number 31 and 32 (Part B) are short answer type questions. Each question carries 3 marks. (vii) Questions number 21, 22 (Part A) and Question number 33 (Part B) are Long answer type-I questions. Each question carries 4 marks. (viii) Questions number 23 to 26 (Part A) and Question number 34 (Part B) are Long answer type-II questions. Each question carries 6 marks. (ix) There is no overall choice. However, an internal choice has been provided in few questions in each of the parts. PART A (Accounting for Partnership Firms and Companies) 1. (a) Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8 : 7 : 5. Damini was admitted as a new 1 th partner for share in the profits which she acquired entirely 5 ission will be : 1 (A) 7:7:5:1 (B) 4:7:5:4 (C) 8:7:5:4 (D) 7:5:8:4 OR (b) Rushil and Abheer were partners in a firm sharing profits and losses in the ratio of 4 : 3. They admitted Sunil as a new partner 3 2 for th share in the profits of firm, which he acquired th share 7 1 7 from Rushil and th share from Abheer. The new profit sharing 7 ratio of Rushil, Abheer and Sunil will be : 1 (A) 4:3:3 (B) 2:1:3 (C) 2:2:3 (D) 4:3:1 67/1/1-11 Page 3 of 39 P.T.O. 666 2. A^`, ~mo[ag VWm MoVZ EH$ \$_© _|§ gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^m| H$m {d^mOZ H$aVo Wo & ~mo[ag H$mo bm^ _| < 95,000 H$s Jma§Q>r Xr JB© & BgHo$ H$maU hþB© {H$gr ^r H$_r H$mo A^` VWm MoVZ ~am~a-~am~a dhZ H$a|Jo & 31 _mM©, 2023 H$mo g_mßV hþE df© _|, \$_© Zo < 2,00,000 H$m bm^ A{O©V {H$`m & A^` Ûmam ~mo[ag H$mo CgH$s Jma§Q>r H$s am{e Ho$ ê$n _| Xr JB© am{e hmoJr : 1 (A) < 17,500 (B) < 35,000 (C) < 25,000 (D) < 10,000 3. Amì`m, {_Vm§e VWm àdrZ EH$ \$_© _| gmPoXma Wo & 31 _mM©, 2023 H$mo \$_© H$m {dKQ>Z hmo J`m & boZXmam| Zo < 50,000 nwñVH$ _yë` Ho$ \$ZuMa H$mo CZHo$ < 60,000 H$s am{e Ho$ Am§{eH$ {ZnQ>mao Ho$ ê$n _| < 45,000 _| bo {b`m & eof am{e H$m ^wJVmZ CÝh| M¡H$ Ûmam {H$`m J`m & M¡H$ Ûmam ^wJVmZ H$s OmZo dmbr am{e hmoJr : 1 (A) < 10,000 (B) < 50,000 (C) < 45,000 (D) < 15,000 4. {n`yf, amOoe VWm A{dZme EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z H$m {d^mOZ ~am~a-~am~a H$aVo Wo & {edm H$mo ~am~a Ho$ ^mJ Ho$ {bE EH$ ZE gmPoXma Ho$ ê$n _| àdoe {X`m J`m & {edm AnZo ^mJ H$s ny±Or VWm »`m{V àr{_`_ ZJX bm`m & »`m{V àr{_`_ H$s am{e H$mo {d^m{OV {H$`m OmEJm : 1 (A) nwamZo gmPoXmam| Ho$ ~rM nwamZo AZwnmV _| (B) ZE gmPoXmam| Ho$ ~rM ZE AZwnmV _| (C) ZE gmPoXmam| Ho$ ~rM Ë`mJ AZwnmV _| (D) nwamZo gmPoXmam| Ho$ ~rM Ë`mJ AZwnmV _| 5. b EH$ \$_© _| gmPoXma Wo VWm 5 : 3 : 2 Ho$ AZwnmV _| bm^-hm{Z {d^m{OV H$aVo Wo & CÝhm|Zo S>moZm H$mo ^mdr bm^m| _| 1 ^mJ Ho$ {bE EH$ ZE 5 gmPoXma Ho$ ê$n _| àdoe {X`m & S>moZm AmZwnm{VH$ n±yOr XoZo Ho$ {bE gh_V hmo JB© & àdoe H$s {V{W na H«$_e: < 1,20,000, < 80,000 VWm < 1,00,000 Wr & S>moZm Ûmam bmB© JB© ny±Or H$s am{e hmoJr : 1 (A) < 75,000 (B) < 60,000 (C) < 65,000 (D) < 70,000 67/1/1-11 Page 4 of 39 666 2. Abhay, Boris and Chetan were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Boris was guaranteed a profit of < 95,000. Any deficiency on account of this was to be borne by Abhay and Chetan equally. The firm earned a profit of < 2,00,000 for the year ended 31st March, 2023. The amount given by Abhay to Boris as guaranteed amount will be : 1 (A) < 17,500 (B) < 35,000 (C) < 25,000 (D) < 10,000 3. Aavya, Mitansh and Praveen were partners in a firm. On 31st March, 2023, the firm was dissolved. Creditors took over furniture of book value of < 50,000 at < 45,000 in part settlement of their amount of < 60,000. The balance amount was paid to them through cheque. The amount paid through cheque will be : 1 (A) < 10,000 (B) < 50,000 (C) < 45,000 (D) < 15,000 4. Piyush, Rajesh and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among : 1 (A) Old partners in old ratio (B) New partners in new ratio (C) New partners in sacrificing ratio (D) Old partners in sacrificing ratio 5. Alex, Benn and Cole were partners in a firm sharing profits and losses in 1 the ratio of 5 : 3 : 2. They admitted Dona as a new partner for th share 5 in the future profits. Dona agreed to contribute proportionate capital. On the date of admission, capitals of Alex, Benn and Cole after all adjustments were < 1,20,000; < 80,000 and < 1,00,000 respectively. The amount of capital brought in by Dona will be : 1 (A) < 75,000 (B) < 60,000 (C) < 65,000 (D) < 70,000 67/1/1-11 Page 5 of 39 P.T.O. 666 6. (A) :àË`oH$ gmPoXma à_wI hmoZo Ho$ gmW-gmW Xÿgao g^r gmPoXmam| Ho$ {bE EH$ A{^H$Vm© ^r h¡ & (R) : gmPoXmar A{Y{Z`_ H$s n[a^mfm Ho$ AZwgma, gmPoXmar ì`dgm` g^r gmPoXmam| Ûmam `m g^r H$s Amoa go CZ_| go {H$gr EH$ Ho$ Ûmam Mbm`m Om gH$Vm h¡ & {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1 (A) A{^H$WZ (A) VWm H$maU (R) XmoZm| ghr h¢, bo{H$Z H$maU (R) A{^H$WZ (A) H$s ghr ì`m»`m h¡ & (B) A{^H$WZ (A) VWm H$maU (R) XmoZm| ghr h¢ VWm H$maU (R) A{^H$WZ (A) H$s ghr ì`m»`m h¡ & (C) A{^H$WZ (A) ghr h¡, bo{H$Z H$maU (R) µJbV h¡ & (D) A{^H$WZ (A) µJbV h¡, bo{H$Z H$maU (R) ghr h¡ & 7 8 Am^m VWm ~~rVm {_Å>r go {Ibm¡Zo ~ZmZo dmbr EH$ \$_© H$s gmPoXma Wt VWm 2 : 1 Ho$ AZwnmV _| bm^m| H$m {d^mOZ H$aVr Wt & 1 Aà¡b, 2023 H$mo CZHo$ ny±Or ImVo : < 5,00,000 VWm < 10,00,000 Ho$ eof Xem© aho Wo & gmPoXmar g§boI _| 10% dm{f©H$ Xa go n±yOr na ã`mO XoZo H$m àmdYmZ Wm & \$_© Zo df© Ho$ Xm¡amZ < 90,000 H$m bm^ A{O©V {H$`m &$ 7. Am^m H$mo {XE OmZo dmbr n±yOr na ã`mO H$s am{e hmoJr : 1 (A) < 50,000 (B) < 1,00,000 (C) < 60,000 (D) < 30,000 8. ~~rVm H$m bm^ _| ^mJ hmoJm : 1 (A) < 60,000 (B) < 30,000 (C) Hw$N> Zht (D) < 1,00,000 9. Eë\$m {b{_Q>oS> Zo 30% àr{_`_ na < 10 àË`oH$ Ho$ 50,000 g_Vm A§em|/eo`am| Ho$ {bE AmdoXZ Am_§{ÌV {H$E & gånyU© am{e H$m ^wJVmZ AmdoXZ na {H$`m OmZm Wm & 2,50,000 A§em|/eo`am| Ho$ {bE AmdoXZ àmßV hþE & H$ånZr Zo g^r AmdoXH$m| H$mo AmZwnm{VH$ AmYma na A§em|/eo`am| H$mo Am~§{Q>V H$aZo H$m {ZU©` {b`m & H$ånZr Ûmam dm{ng H$s JB© am{e Wr : 1 (A) < 32,50,000 (B) < 15,60,000 (C) < 39,00,000 (D) < 26,00,000 67/1/1-11 Page 6 of 39 666 6. Assertion (A) : Each partner is a principal as well as an agent for all the other partners. Reason (R) : As per the definition of Partnership Act, partnership business may be carried on by all the partners or any of them acting for all. Choose the correct option from the following : 1 (A) Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A). (B) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A). (C) Assertion (A) is correct, but Reason (R) is incorrect. (D) Assertion (A) is incorrect, but Reason (R) is correct. Read the following hypothetical situation and answer questions No. 7 and 8 on the basis of the given information. Abha and Babita were partners in a clay toy making firm sharing profits in the ratio of 2 : 1. On 1st April, 2023, their capital accounts showed balances of < 5,00,000 and < 10,00,000 respectively. The partnership deed provides for interest on capital @ 10% p.a. The firm earned a profit of < 90,000 during the year. 7. The amount of interest on capital allowed to Abha will be : 1 (A) < 50,000 (B) < 1,00,000 (C) < 60,000 (D) < 30,000 8. 1 (A) < 60,000 (B) < 30,000 (C) Nil (D) < 1,00,000 9. Alfa Ltd. invited applications for 50,000 equity shares of < 10 each at a premium of 30%. The whole amount was payable on application. Applications were received for 2,50,000 shares. The company decided to allot the shares on a pro-rata basis to all the applicants. The amount refunded by the company was : 1 (A) < 32,50,000 (B) < 15,60,000 (C) < 39,00,000 (D) < 26,00,000 67/1/1-11 Page 7 of 39 P.T.O. 666 10. g§{MV (Ama{jV) ny±Or, _________ ny±Or H$m dh ^mJ h¡, {Ogo Ho$db H$ånZr H$s g_mnZ Xem Ho$ A{V[aº$ _m±Jm Zht Om gH$Vm & 1 (A) {ZJ©{_V (B) _m±Jr JB©/`m{MV (C) A`m{MV (D) Zm_-_mÌ H$s 11. µOrZmo {b{_Q>oS Zo> < 10 àË`oH$ Ho$ 25,000 g_Vm A§e/eo`a {ZJ©{_V {H$E & am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm : AmdoXZ na < 4 à{V A§e/eo`a Am~§Q>Z na < 5 à{V A§e/eo`a àW_ Ed§ A§{V_ `mMZm na eof àñVm{dV g^r A§em|/eo`am| Ho$ {bE AmdoXZ àmßV hþE Am¡a Am~§{Q>V H$a {XE JE & 1,500 A§em|/eo`am| Bª & Am~§Q>Z Ho$ Vwa§V ~mX BZ A§em|/eo`am| H$m haU (forfeit) H$a {b`m J`m & àW_ Ed§ A§{V_ `mMZm A^r VH$ _m±Jr Zht JB© Wr & A§e/eo`a haU (forfeit) Ho$ g_` A§e/eo`a ny±Or ImVo _| Zm_ {H$E OmE±Jo : 1 (A) < 15,000 (B) < 24,000 (C) < 13,500 (D) < 18,000 12. (A) : A_moMZr` (AemoÜ`) G$UnÌm| H$mo ñWm`r G$UnÌm| Ho$ Zm_ go ^r OmZm OmVm h¡ & (R) : H$ånZr Bg àH$ma Ho$ G$UnÌm| Ho$ {ZJ©_Z Ûmam CYma àmßV Ðì` Ho$ n[aemoYZ Ho$ {bE ^r H$moB© dMZ Zht XoVr h¡ & `o G$UnÌ H$ånZr H$s g_m{ßV na `m EH$ XrK©H$m{bH$ Ad{Y Ho$ g_mnZ na emoYZr` hmoVo h¢ & {ZåZ{b{IV _| go ghr {dH$ën H$m M`Z H$s{OE : 1 (A) A{^H$WZ (A) VWm H$maU (R) XmoZm| ghr h¢ VWm H$maU (R) A{^H$WZ (A) H$s ghr ì`m»`m h¡ & (B) A{^H$WZ (A) VWm H$maU (R) XmoZm| ghr h¢, bo{H$Z H$maU (R) A{^H$WZ (A) H$s ghr ì`m»`m h¡ & (C) A{^H$WZ (A) µJbV h¡, bo{H$Z H$maU (R) ghr h¡ & (D) A{^H$WZ (A) ghr h¡, bo{H$Z H$maU (R) µJbV h¡ & 13. (H$) A§eYm[a`m|/eo`aYm[a`m| go A{J«_ àmßV YZam{e, {Ogo dmñVd _| {ZXoeH$m| Ûmam _m±Jm Zht J`m h¡ : 1 (A) A{J«_ `mMZm ImVo _| Zm_ H$s OmVr h¡ (B) A{J«_ `mMZm ImVo _| O_m H$s OmVr h¡ (C) A§e/eo`a ny±Or ImVo _| Zm_ H$s OmVr h¡ (D) A§e/eo`a ny±Or ImVo _| O_m H$s OmVr h¡ AWdm 67/1/1-11 Page 8 of 39 666 10. Reserve capital is that part of _________ capital which cannot be called except at the time of winding up of the company. 1 (A) Issued (B) Called up (C) Uncalled (D) Nominal 11. Xeno Ltd. issued 25,000 equity shares of < 10 each. The amount was payable as follows : On Application < 4 per share On Allotment < 5 per share On First and Final call Balance All the shares offered were applied for and allotted. All the money due on allotment was received except on 1,500 shares. These shares were forfeited immediately after allotment. First and final call was not yet made. At the time of forfeiture, Share Capital Account will be debited by : 1 (A) < 15,000 (B) < 24,000 (C) < 13,500 (D) < 18,000 12. Assertion (A) : Irredeemable debentures are also known as perpetual debentures. Reason (R) : The company does not give any undertaking for the repayment of money borrowed by issuing such debentures. They are repayable on the winding up of the company or on the expiry of a long period. Choose the correct option from the following : 1 (A) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of Assertion (A). (B) Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A). (C) Assertion (A) is incorrect, but Reason (R) is correct. (D) Assertion (A) is correct, but Reason (R) is incorrect. 13. (a) Money received in advance from shareholders before it is actually called up by the directors is : 1 (A) debited to calls in advance account (B) credited to calls in advance account (C) debited to share capital account (D) credited to share capital account OR 67/1/1-11 Page 9 of 39 P.T.O. 666 (I) à{V^y{V`m| Ho$ àñVmd AWdm EH$ M`{ZV g_yh H$mo à{V^y{V`m| Ho$ A{^XmZ Ho$ {Z_§ÌU Ho$ {bE EH$ {ZOr {ZJ©_Z àñVmd nÌ H$mo Omar H$aZo H$mo H$hm OmVm h¡ : 1 (A) A§em|/eo`am| H$m nwZ: H«$` (B) H$_©Mmar ny±Or {dH$ën `moOZm (C) A§em|/eo`am| H$m {ZOr ßbog_|Q> (D) 14. (H$) < 100 H$m EH$ A§e/eo`a, {Og na < 80 àmßV hmo JE h¢, < 20 H$s A§{V_ `mMZm am{e H$m ^wJVmZ Z H$aZo na haU H$a {b`m & dh Ý`yZV_ _yë` {Og na Bg A§e/eo`a H$mo nwZ:{ZJ©{_V {H$`m Om gH$Vm h¡, h¡ : 1 (A) < 120 (B) < 100 (C) < 80 (D) < 20 AWdm (I) {ed {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 500 A§em|/eo`am| H$m haU H$a {b`m, {OZ na < 7 à{V A§e/eo`a H$m ^wJVmZ {H$`m J`m Wm & BZ A§em|/eo`am| H$mo < 9 à{V A§e/eo`a nyU© àXÎm nwZ: {ZJ©{_V H$a {X`m J`m & n±yOr g§M` ImVo _| hñVmÝV[aV H$s OmZo dmbr am{e hmoJr : 1 (A) < 3,000 (B) < 5,000 (C) < 4,500 (D) < 3,500 15. (H$) S>¡Z, Eë\$ VWm \$ahmZ EH$ \$_© _| gmPoXma Wo VWm 5 : 3 : 2 Ho$ bm^m| H$m {d^mOZ H$aVo Wo & 1 Aà¡b, 2023 go CÝhm|Zo AnZo bm^-{d^mOZ AZwnmV H$mo 2 : 3 : 5 _| n[ad{V©V H$aZo H$m {ZU©` {b`m & bm^-{d^mOZ AZwnmV _| n[adV©Z H$s {V{W na < 90,000 H$m gm_mÝ` g§M` Wm & gmPoXmam| Zo {ZU©` {b`m {H$ gm_mÝ` g§M` H$mo ~m±Q>m Zht OmEJm & Cn`w©º$ H$m à^md {XImZo Ho$ {bE Amdí`H$ g_m`moOZ à{dpîQ> hmoJr : 1 {V{W {ddaU Zm_ am{e O_m am{e (¡Z H$m ny±Or ImVm Zm_ 90,000 \$ahmZ Ho$ ny±Or ImVo go 90,000 (C) \$ahmZ H$m ny±Or ImVm Zm_ 27,000 S>¡Z Ho$ ny±Or ImVo go 27,000 (D) \$ahmZ H$m ny±Or ImVm Zm_ 90,000 S>¡Z Ho$ ny±Or ImVo go 90,000 AWdm 67/1/1-11 Page 10 of 39 666 (b) An offer of securities or invitation to subscribe securities to a select group of persons is termed as : 1 (A) Buy back of shares (B) Employee stock option plan (C) Private placement of shares (D) Sweat Equity 14. (a) A share of < 100 on which < 80 is received is forfeited for non-payment of final call of < 20. The minimum price at which this share can be reissued is : 1 (A) < 120 (B) < 100 (C) < 80 (D) < 20 OR (b) Shiv Ltd. forfeited 500 shares of < 10 each on which < 7 per share was paid. These shares were reissued for < 9 per share fully paid. Amount transferred to Capital Reserve Account will be : 1 (A) < 3,000 (B) < 5,000 (C) < 4,500 (D) < 3,500 15. (a) Dan, Elf and Furhan were partners in a firm sharing profits in the ratio of 5 : 3 : 2. With effect from 1st April, 2023, they decided to change their profit sharing ratio to 2 : 3 : 5. There existed a General Reserve of < 90,000 on the date of change in profit sharing ratio. The partners decided not to distribute General Reserve. The necessary adjustment entry to show the effect of the above will be : 1 Date Particulars Dr. Amount Cr. Amount (Zo Ho$ {bE : 1 {V{W {ddaU Zm_ am{e O_m am{e (m°_ H$m ny±Or ImVm Zm_ 20,000 {d{Y H$m nyO± r ImVm Zm_ 30,000 bm^-hm{Z ImVo go 60,000 (C) {g`m H$m ny±Or ImVm Zm_ 20,000 {d{Y Ho$ ny±Or ImVo go 20,000 (D) {d{Y H$m nyO± r ImVm Zm_ 20,000 {g`m Ho$ ny±Or ImVo go 20,000 16. (H$) A§Oy, {Xì`m VWm ~m°~r EH$ _| gmPoXma Wo VWm 3 : 2 : 1 Ho$ | bm^-hm{Z H$m {d^mOZ H$aVo Wo & ~m°~r godm{Zd¥Îm hmo J`m & ~m°~r H$s godm{Zd¥{Îm Ho$ ~mX A§Oy VWm {Xì`m H$m Z`m bm^-{d^mOZ AZwnmV 5 : 3 Wm & eof gmPoXmam| H$m A{Ybm^ AZwnmV hmoJm : 1 (A) 3:2 (B) 5:3 (C) 3:1 (D) 2:3 AWdm (I) _rVm, drZm VWm AVwb EH$ _| gmPoXma Wo VWm 3 : 2 : 1 Ho$ bm^-hm{Z H$m {d^mOZ H$aVo Wo & AVwb godm{Zd¥Îm hmo J`m Am¡a CgH$m ^mJ _rVm VWm drZm Ûmam 1 : 4 Ho$ AZwnmV _| bo {b`m J`m & AVwb H$s godm{Zd¥{Îm Ho$ ~mX _rVm VWm drZm H$m Z`m bm^-{d^mOZ AZwnmV hmoJm : 1 (A) 3:2 (B) 8:7 (C) 7:3 (D) 2:3 67/1/1-11 Page 12 of 39 666 (b) Sia, Tom and Vidhi were partners in a firm sharing profits in the ratio of 3 : 2 : 1. With effect from 1st April, 2023, they decided to share profits and losses in the future in the ratio of 1 : 2 : 3. There existed a Debit Balance of < 60,000 in Profit and Loss Account on that date. The necessary journal entry for distribution of the balance in the Profit and Loss Account will be : 1 Date Particulars Dr. Amount Cr. Amount (bo Mma dfmªo Ho$ bm^ {ZåZ àH$ma Wo : < 2019 20 35,000 2020 21 25,000 2021 22 32,000 2022 23 33,000 df© 2022 23 Ho$ A§{V_ ah{VE (ñQ>m°H$) H$m _yë`m§H$Z < 5,000 A{YH$ {H$`m J`m & {nN>bo Mma dfm]o Ho$ Am¡gV A{Ybm^ Ho$ VrZ dfmªo Ho$ H«$` Ho$ AmYma na \$_© H$s »`m{V H$s JUZm H$s{OE & 3 19. (H$) gZamBµO {b{_Q>oS> Zo _yZbmBQ> {b{_Q>oS> go < 4,80,000 Ho$ gh_V H«$` _yë` na < 3,60,000 H$s n[agån{Îm`m| VWm < 1,00,000 Ho$ boZXmam| H$m A{YJ«hU {H$`m & H«$` _yë` Ho$ ^wJVmZ ñdê$n gZamBµO {b{_Q>So > Zo < 100 àË`oH$ Ho$ 9% G$UnÌm| H$m 4% ~Å>o na {ZJ©_Z {H$`m & gZamBµO {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoOµ Zm_Mm à{dpîQ>`m± H$s{OE & AnZo H$m`© H$mo ñnîQ>Vm go Xem©BE & 3 AWdm (I) J«onb {b{_Q>oS> Zo Eobmoa {b{_Q>oS> go < 18,00,000 Ho$ gh_V H«$` _yë` na < 25,00,000 H$s n[agån{Îm`m| VWm < 5,00,000 H$s Xo`VmAm| H$m A{YJ«hU {H$`m & H«$` _yë` Ho$ ^wJVmZ ñdê$n J«onb {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 11% G$UnÌm| H$mo 20% àr{_`_ na {ZJ©_Z {H$`m & J«onb {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & AnZo H$m`© H$mo ñnîQ>Vm go Xem©BE & 3 67/1/1-11 Page 14 of 39 666 17. Aamir, Bashir and Chirag were partners in a firm sharing profits and losses in the ratio of 3 : 3 : 2. Chirag retired. Aamir and Bashir decided to share profits and losses in future in the ratio of 1 : 2. On the day of , goodwill of the firm was valued at < 5,40,000. Calculate gaining ratio and pass necessary journal entry to record the retirement. 3 18. Pearl and Ruby were partners in a firm with a combined capital of < 2,50,000. The normal rate of return was 10%. The profits of the last four years were as follows : < 2019 20 35,000 2020 21 25,000 2021 22 32,000 2022 23 33,000 The closing stock for the year 2022 23 was overvalued by < 5,000. 3 19. (a) Sunrise Ltd. acquired assets of < 3,60,000 and took over creditors of < 1,00,000 from Moonlight Ltd. for an agreed purchase consideration of < 4,80,000. Sunrise Ltd. issued 9% Debentures of < 100 each at a discount of 4% in satisfaction of the purchase consideration. Pass necessary journal entries in the books of Sunrise Ltd. Show your workings clearly. 3 OR (b) Grapple Ltd. took over assets of < 25,00,000 and liabilities of < 5,00,000 from Allore Ltd. for an agreed purchase consideration of < 18,00,000. Grapple Ltd. issued 11% Debentures of < 100 each at 20% premium in satisfaction of the purchase consideration. Pass necessary journal entries in the books of Grapple Ltd. Show your workings clearly. 3 67/1/1-11 Page 15 of 39 P.T.O. 666 20. (H$) _mohZ, gwhmZ VWm A{XV EH$ _| gmPoXma Wo VWm 3 : 2 : 1 Ho$ bm^-hm{Z H$m {d^mOZ H$aVo Wo & CZH$s ñWm`r ny±Or H«$_e: < 2,00,000, < 1,00,000 VWm < 1,00,000 Wr & 31 _mM©, 2023 H$mo g_mßV hþE df© _| CZHo$ ImVo _| n±yOr na ã`mO 5% dm{f©H$ Xa H$s Anojm 8% dm{f©H$ Xa go O_m H$a {X`m J`m & Amdí`H$ g_m`moOZ amoµOZm_Mm à{dpîQ> H$s{OE & AnZo H$m`© H$mo ñnîQ>Vm go Xem©BE & 3 AWdm (I) _ZmoO Ed§ {Z{VZ EH$ _| gmPoXma Wo VWm 2 : 1 Ho$ -hm{Z H$m {d^mOZ H$aVo Wo & 31 _mM©, 2023 H$mo bm^ Ed§ AmhaU H$m g_m`moOZ H$aZo Ho$ níMmV² CZHo$ n±yOr ImVm| H$m eof H«$_e: < 90,000 VWm < 80,000 Wm & 31 _mM©, 2023 H$mo g_mßV hþE df© Ho$ {bE ewÕ bm^ H$s am{e < 30,000 Wr & df© Ho$ Xm¡amZ _ZmoO Zo < 40,000 VWm {Z{VZ Zo < 20,000 H$m AmhaU {H$`m & ~mX _|, Ü`mZ {X`m J`m {H$ gmPoXmam| H$mo 10% dm{f©H$ Xa go ny±Or na ã`mO Zht {X`m J`m Wm & _ZmoO Ho$ AmhaU na < 3,000 VWm {Z{VZ Ho$ AmhaU na < 2,000 H$m ã`mO ^r à^m[aV Zht {H$`m J`m Wm & Amdí`H$ g_m`moOZ amoµOZm_Mm à{dpîQ> H$s{OE & AnZo H$m`© H$mo ñnîQ>Vm go Xem©BE & 3 21. {edm{bH$ {b{_Q>oS> < 10 àË`oH$ Ho$ g_Vm A§em|/eo`am| _| {d^m{OV < 10,00,000 H$s A{YH¥$V n±Oy r Ho$ gmW n§OrH¥$V Wr & BgZo OZVm H$mo 50,000 g_Vm A§em|/eo`am| Ho$ {bE àñVmd {X`m & am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm : AmdoXZ na < 2 à{V A§e/eo`a Am~§Q>Z na < 6 à{V A§e/eo`a àW_ Ed§ A§{V_ `mMZm na eof {ZJ©_Z nyU© ê$n go A{^XÎm hþAm & Ho$db 4,000 g_Vm A§em|/eo`am| na Am~§Q>Z VWm àW_ Ed§ A§{V_ `mMZm am{e H$mo N>mo g^r Xo` am{e`m± {d{YdV² àmßV H$a bt JBª & BZ g_Vm A§em|/eo`am| H$m haU H$a {b`m J`m & H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma H$ånZr Ho$ pñW{V {ddaU _| A§e/eo`a n±yOr H$mo Xem©BE & BgHo$ {bE ImVm| Ho$ ZmoQ²>g ^r V¡`ma H$s{OE & 4 67/1/1-11 Page 16 of 39 666 20. (a) Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Their fixed capitals were : < 2,00,000, < 1,00,000 and < 1,00,000 respectively. For the year ended 31st March, 2023, interest on capital was credited to their accounts @ 8% p.a. instead of 5% p.a. Pass necessary adjusting journal entry. Show your workings clearly. 3 OR (b) Manoj and Nitin were partners in a firm sharing profits and losses in the ratio of 2 : 1. On 31st March, 2023, the balances in their capital accounts after making adjustments for profits and drawings were < 90,000 and < 80,000 respectively. The net profit for the year ended 31st March, 2023 amounted to < 30,000. During the year Manoj withdrew < 40,000 and Nitin withdrew < 20,000. Subsequently, it was noticed that Interest on Capital @ 10% p.a. was not provided to the partners. Also Interest on Drawings to Manoj < 3,000 and to Nitin < 2,000 was not charged. Pass necessary adjusting journal entry. Show your workings clearly. 3 21. Shivalik Limited was registered with an authorized capital of < 10,00,000 divided into equity shares of < 10 each. It offered 50,000 equity shares to the public. The amount was payable as follows : On Application < 2 per share On Allotment < 6 per share On First and Final call Balance The issue was fully subscribed. All the amounts were duly received except the allotment and first and final call money on 4,000 equity shares. These equity shares were forfeited. Present the Share Capital in the Balance Sheet of the company as per 4 67/1/1-11 Page 17 of 39 P.T.O. 666 22. AM©Zm, dÝXZm VWm AmaVr _| gmPoXma Wt VWm 5 : 3 : 2 -hm{Z H$m {d^mOZ H$aVr Wt & 31 , 2023 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm : 31 _mM©, 2023 H$mo AM©Zm, dÝXZm VWm AmaVr H$m pñW{V {ddaU am{e am{e Xo`VmE± n[agån{Îm`m± < < ny±Or : {Zdoe 80,000 AM©Zm $ 80,000 g§`§Ì 1,00,000 dÝXZm $ 70,000 ñQ>m°H$ 40,000 AmaVr $ 60,000 2,10,000 XoZXma 50,000 gm g§M` 30,000 30,000 boZXma 60,000 3,00,000 3,00,000 Cn`w©º$ {V{W na \$_© H$m {dKQ>Z hmo J`m & (i) n[agån{Îm`m| go {ZåZ àH$ma dgybr hþB© : XoZXma < 40,000 ñQ>m°H$ < 50,000 g§`§Ì < 60,000 (ii) 25% {Zdoem| H$mo dÝXZm Zo < 18,000 _| bo {bE & eof {Zdoe nwñVH$ _yë` go 10% H$_ na AM©Zm Ûmam bo {bE JE & (iii) < 20,000 Ho$ dgybr ì``m| H$m ^wJVmZ AmaVr Ûmam {H$`m J`m & dgybr ImVm V¡¶ma H$s{OE & 4 23. AµOha, gw{_V VWm amo{~V a Wo VWm 3 : 1 : 1 -hm{Z H$m {d^mOZ H$aVo Wo & 31 , 2023 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm : 31 _mM©, 2023 H$mo AµOha, gw{_V VWm amo{~V H$m pñW{V {ddaU am{e am{e Xo`VmE± < n[agån{Îm`m± < boZXma 90,000 ~¢H$ 20,000 gm g§M` 60,000 ñQ>m°H$ 40,000 ny±Or : XoZXma 1,50,000 AµOha $ 60,000 ñWm`r n[agån{Îm`m± 60,000 gw{_V $ 40,000 amo{~V $ 20,000 1,20,000 2,70,000 2,70,000 67/1/1-11 Page 18 of 39 666 22. Archana, Vandana and Arti were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet on 31st March, 2023 was as follows : Balance Sheet of Archana, Vandana and Arti as at 31st March, 2023 Amount Amount Liabilities < Assets < Capitals : Investments 80,000 Archana 80,000 Plant 1,00,000 Vandana 70,000 Stock 40,000 Arti 60,000 2,10,000 Debtors 50,000 General Reserve 30,000 Cash at Bank 30,000 Creditors 60,000 3,00,000 3,00,000 The firm was dissolved on the above date. (i) Assets were realised as follows : Debtors < 40,000 Stock < 50,000 Plant < 60,000 (ii) 25% of the Investments were taken over by Vandana at < 18,000. Remaining Investments were taken over by Archana at 10% less than its book value. (iii) Expenses of realisation < 20,000 were paid by Arti. Prepare Realisation Account. 4 23. Azhar, Sumit and Robit were partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st March, 2023, was as follows : Balance Sheet of Azhar, Sumit and Robit as at 31st March, 2023 Amount Amount Liabilities < Assets < Creditors 90,000 Bank 20,000 General Reserve 60,000 Stock 40,000 Capitals : Debtors 1,50,000 Azhar 60,000 Fixed Assets 60,000 Sumit 40,000 Robit 20,000 1,20,000 2,70,000 2,70,000 67/1/1-11 Page 19 of 39 P.T.O. 666 30 OyZ, 2023 H$mo amo{~V r g§boI Ho$ AZwgma amo{~V Ho$ H$mZyZr CÎmam{YH$mar {ZåZ{b{IV Ho$ A{YH$mar Wo : (i) CgHo$ n±yOr ImVo H$m eof & (ii) gm_mÝ` g§M` _| CgH$m ^mJ & (iii) 10% dm{f©H$ Xa go n±yOr na ã¶mO & (iv) »`m{V _| CgH$m ^mJ & \$_© H$s »`m{V H$m _yë`m§H$Z {nN>bo Mma dfmªo Ho$ Am¡gV bm^ Ho$ VrZ JwUm Ho$ AmYma na {H$`m OmEJm & (v) _¥Ë`w H$s {V{W VH$ bm^ _| CgH$m ^mJ {OgH$s JUZm {nN>bo df© Ho$ bm^ Ho$ AmYma na H$s OmEJr & {nN>bo dfmªo Ho$ bm^ Wo : < 2019 20 (3,000) 2020 21 28,000 2021 22 16,000 2022 23$ 15,000 CgHo$ H$mZyZr CÎmam{YH$m[a`m| H$mo àñVwV H$aZo Ho$ {bE amo{~V H$m ny±Or ImVm V¡¶ma H$s{OE & 6 24. 1 Aà¡b, 2022 H$mo µOw{~`Z {b{_Q>oS> Zo < 100 àË`oH$ Ho$ < 10,00,000, 7% G$UnÌm| H$m {ZJ©_Z 6% àr{_`_ na {H$`m, {OZH$m emoYZ nm±M df© níMmV² 4% àr{_`_ na {H$`m OmEJm & H$ånZr Ho$ à{V^y{V àr{_`_ ImVo _| < 30,000 H$m eof Wm & (H$) G$UnÌm| Ho$ {ZJ©_Z VWm G$UnÌm| Ho$ {ZJ©_Z na hm{Z H$mo àW_ df© Ho$ A§V _| hr à{V^y{V àr{_`_ ImVo H$s am{e H$m Cn`moJ H$aVo hþE An{b{IV H$aZo Ho$ {bE Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & (I) 31 _mM©, 2023 H$mo g_mßV hþE df© Ho$ {bE G$UnÌm| Ho$ {ZJ©_Z na hm{Z ImVm V¡`ma H$s{OE & 6 67/1/1-11 Page 20 of 39 666 Robit died on 30th legal representatives were entitled to : (i) Balance in his Capital Account. (ii) His share of General Reserve. (iii) Interest on capital @ 10% p.a. (iv) His share of goodwill. Goodwill of the firm was valued on the basis (v) His share in profits up to the date of death on the basis of the profit for the last year. Profit for the previous years were : < 2019 20 (3,000) 2020 21 28,000 2021 22 16,000 2022 23$ 15,000 6 24. On 1st April, 2022, Zubian Ltd. issued < 10,00,000, 7% Debentures of < 100 each at a premium of 6%, redeemable at a premium of 4% after five years. The company had a balance of < 30,000 in Securities Premium Account. (a) Pass necessary journal entries for issue of debentures and for Premium Account at the end of the first year itself. (b) 31st March, 2023. 6 67/1/1-11 Page 21 of 39 P.T.O. 666 25. (H$) < 10 àË`oH$ Ho$ 1,00,000 g_Vm A§em|/eo`am| H$mo < 6 à{V A§e/eo`a Ho$ àr{_`_ na {ZJ©{_V H$aZo Ho$ {bE AmdoXZ Am_§{ÌV {H$E & am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm : AmdoXZ Ed§ Am~§Q>Z na < 8 à{V A§e/eo`a (< 3 àr{_`_ g{hV) àW_ Ed§ A§{V_ `mMZm na eof (àr{_`_ g{hV) 1,60,000 A§em|/eo`am| Ho$ {bE AmdoXZ àmßV hþE & 10,000 A§em|/eo`am| Ho$ AmdoXZm| H$mo aÔ H$a {X`m J`m VWm eof AmdoXH$m| H$mo AmZwnm{VH$ AmYma na Am~§Q>Z H$a {X`m J`m & AmdoXZ Ed§ Am~§Q>Z na àmßV A{V[aº$ YZam{e dmng H$a Xr JB© & YraO, {Ogo 200 A§em|/eo`am| H$m Am~§Q>Z {H$`m J`m Wm, àW_ Ed§ A§{V_ `mMZm am{e XoZo _| Ag\$b ahm & CgHo$ A§em|/eo`am| H$m haU H$a {b`m J`m & haU {H$E JE g^r A§em|/eo`am| H$mo < 5 à{V A§e/eo`a nyU© àXÎm nwZ: {ZJ©{_V H$a {X`m J`m & H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 6 AWdm (I) qàQ>{H$Q> {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 80,000 g_Vm A§em|/eo`am| Ho$ {ZJ©_Z Ho$ {bE AmdoXZ Am_§{ÌV {H$E & am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm : AmdoXZ na < 3 à{V A§e/eo`a Am~§Q>Z na < 2 à{V A§e/eo`a àW_ Ed§ A§{V_ `mMZm na eof 1,50,000 A§em|/eo`am| Ho$ {bE AmdoXZ àmßV hþE & 10,000 A§em|/eo`am| Ho$ AmdoXZm| H$mo aÔ H$a {X`m J`m VWm eof AmdoXH$m| H$mo {ZåZ{b{IV AmYma na AmZwnm{VH$ Am~§Q>Z {H$`m J`m : loUr H$ 80,000 A§em|/eo`am| Ho$ AmdoXH$m| H$mo 40,000 A§e/eo`a Am~§{Q>V {H$E JE & loUr I 60,000 A§em|/eo`am| Ho$ AmdoXH$m| H$mo 40,000 A§e/eo`a Am~§{Q>V {H$E JE & AmdoXZ na àmßV A{V[aº$ YZam{e H$m g_m`moOZ Am~§Q>Z VWm àW_ Ed§ A§{V_ `mMZm na Xo` am{e _| H$a {X`m J`m & Am~§Q>Z VWm àW_ Ed§ A§{V_ `mMZm na Xo` gånyU© am{e {d{YdV² àmßV H$a br JB© & qàQ>{H$Q> {b{_Q>oS> H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 6 67/1/1-11 Page 22 of 39 666 25. (a) Qumtan Ltd. invited applications for issuing 1,00,000 equity shares of < 10 each at a premium of < 6 per share. The amount was payable as follows : On Application and Allotment < 8 per share (including premium < 3) On First and Final call Balance (including premium) Applications for 1,60,000 shares were received. Applications for 10,000 shares were rejected and pro-rata allotment was made to the remaining applicants. Excess money received on application and allotment was returned. Dheeraj, who was allotted 200 shares, failed to pay the first and final call money. His shares were forfeited. All the forfeited shares were reissued at < 5 per share fully paid up. Pass necessary journal entries in the books of Qumtan Ltd. 6 OR (b) Printkit Limited invited applications for issue of 80,000 equity shares of < 10 each. The amount was payable as follows : On Application < 3 per share On Allotment < 2 per share On First and Final call Balance Applications for 1,50,000 shares were received. Applications for 10,000 shares were rejected and pro-rata allotment was made to the remaining applicants on the following basis : Category A Applicants for 80,000 shares were allotted 40,000 shares. Category B Applicants for 60,000 shares were allotted 40,000 shares. Excess money received on application was adjusted towards amount due on allotment and first and final call. All the amounts due on allotment and first and final call were duly received. Pass necessary journal entries in the books of Printkit Limited. 6 67/1/1-11 Page 23 of 39 P.T.O. 666 26. (H$) ew{^ VWm aodm§er _| gmPoXma Wt VWm 3 : 2 -hm{Z H$m {d^mOZ H$aVr Wt & 31 , 2023 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm : 31 _mM©, 2023 H$mo ew{^ VWm aodm§er H$m pñW{V {ddaU am{e am{e Xo`VmE± n[agån{Îm`m± < < ny±Or : ñWm`r n[agån{Îm`m± 90,000 ew{^ $ 60,000 ah{V`m (ñQ>m°H$) 38,000 aodm§er $ 32,000 92,000 XoZXma 30,000 gm g§M` 30,000 52,000 ~¢H$ G$U 18,000 boZXma 70,000 2,10,000 2,10,000 1 Aà¡b, 2023 H$mo CÝhm|Zo nar H$mo {ZåZ{b{IV eVmªo na gmPoXmar _| àdoe {X`m : 1 (i) nar \$_© Ho$ bm^m| _| AnZo ^mJ Ho$ {bE < 50,000 AnZr n±yOr Ho$ ê$n 4 _| VWm < 50,000 AnZr »`m{V àr{_`_ Ho$ ^mJ Ho$ {bE bmEJr & (ii) ñWm`r n[agån{Îm`m| na 30% H$s Xa go _yë`õmg bJm`m J`m & (iii) ah{V`m (ñQ>m°H$) H$m _yë`m§H$Z < 45,000 {H$`m J`m & (iv) ~¢H$ G$U H$m ^wJVmZ H$a {X`m J`m & (v) g^r g_m`moOZm| Ho$ níMmV² ew{^ VWm aodm§er H$s n±yOr H$mo nar H$s ny±Or Ho$ AmYma na g_m`mo{OV {H$`m OmEJm & O¡gr ^r pñW{V hmo nwamZo gmPoXmam| H$mo, dmñV{dH$ YZam{e H$m ^wJVmZ {H$`m OmEJm AWdm CZHo$ Ûmam bm`m OmEJm & nwZ_y©ë`m§H$Z ImVm VWm gmPoXmam| Ho$ ny±Or ImVo V¡`ma H$s{OE & 6 AWdm 67/1/1-11 Page 24 of 39 666 26. (a) Shubhi and Revanshi were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2023 was as follows : Balance Sheet of Shubhi and Revanshi as at 31st March, 2023 Amount Amount Liabilities < Assets < Capitals : Fixed Assets 90,000 Shubhi 60,000 Stock 38,000 Revanshi 32,000 92,000 Debtors 30,000 General Reserve 30,000 Cash 52,000 Bank Loan 18,000 Creditors 70,000 2,10,000 2,10,000 On 1st April, 2023 they admitted Pari into the partnership on the following terms : (i) Pari will bring < 50,000 as her capital and < 50,000 for her 1 share of premium for goodwill for th share in the profits of 4 the firm. (ii) Fixed assets were depreciated @ 30%. (iii) Stock was valued at < 45,000. (iv) Bank loan was paid off. (v) After all adjustments capitals of Shubhi and Revanshi were was to be paid off or brought in by the old partners as the case may be. 6 OR 67/1/1-11 Page 25 of 39 P.T.O. 666 1 1 1 (I) [a{e, e{e VWm V¥{f H«$_e: , Ed§ Ho$ AZwnmV 2 6 3 -hm{Z H$m {d^mOZ H$aVo Wo & 31 , 2023 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm : 31 _mM©, 2023 H$mo [a{e, e{e VWm V¥{f H$m pñW{V {ddaU am{e am{e Xo`VmE± < n[agån{Îm`m± < ny±Or : ñWm`r n[agån{Îm`m± 80,000 [a{e $ 36,000 ah{V`m (ñQ>m°H$) 20,000 e{e $ 30,000 XoZXma 30,000 V¥{f $ 20,000 86,000 40,000 gm g§M` 30,000 boZXma 54,000 1,70,000 1,70,000 1 Aà¡b, 2023 H$mo {ZåZ{b{IV eVmªo na e{e \$_© go godm{Zd¥Îm hmo JB© : (i) ñWm`r n[agån{Îm`m| H$m _yë`m§H$Z < 56,000 {H$`m J`m & (ii) e{e Zo < 26,000 _| ah{V`m (ñQ>m°H$) bo {b`m & (iii) e{e H$s godm{Zd¥{Îm na \$_© H$s »`m{V H$m _yë`m§H$Z < 18,000 {H$`m J`m & (iv) e{e Ho$ n±yOr ImVo Ho$ eof H$mo CgHo$ G$U ImVo _| hñVmÝV[aV H$a {X`m J`m & nwZ_y©ë`m§H$Z ImVm VWm gmPoXmam| Ho$ ny±Or ImVo V¡`ma H$s{OE & 6 67/1/1-11 Page 26 of 39 666 (b) Rishi, Shashi and Trishi were partners in a firm sharing profits 1 1 1 and losses in proportion of , and respectively. Their 2 6 3 Balance Sheet as at 31st March, 2023 was as follows : Balance Sheet of Rishi, Shashi and Trishi as at 31st March, 2023 Amount Amount Liabilities < Assets < Capitals : Fixed Assets 80,000 Rishi 36,000 Stock 20,000 Shashi 30,000 Debtors 30,000 Trishi 20,000 86,000 Cash 40,000 General Reserve 30,000 Creditors 54,000 1,70,000 1,70,000 Shashi retired from the firm on 1st April, 2023 on the following terms : (i) Fixed Assets were valued at < 56,000. (ii) Stock was taken over by Shashi at < 26,000. (iii) Goodwill of the firm was valued at < retirement (iv) loan account. Prepare Revaluation Account and Partner 6 67/1/1-11 Page 27 of 39 P.T.O. 666 ^mJ I {dH$ën - I ({dÎmr` {ddaUm| H$m {díbofU) 27. EH$ H$ånZr H$m Vab AZwnmV 1 : 2 h¡ & {ZåZ{b{IV _| go H$m¡Z-go boZXoZ H$m n[aUm_ Bg AZwnmV _| d¥{Õ H$aoJm ? 1 (A) (B) _mb H$m CYma {dH«$` (C) _mb H$m CYma H«$` (D) _mb H$m ZJX H«$` 28. nhMm{ZE {H$ {ZåZ{b{IV _| go H$m¡Z-go boZXoZ H$m n[aUm_ àMmbZ J{V{d{Y`m| AÝVdm©h hmoJm & 1 (A) boZXmam| H$mo ^wJVmZ (B) EH$ µJ¡a-{dÎmr` H$ånZr Ûmam ã`mO H$s àm{ßV (C) EH$ µJ¡a-{dÎmr` H$ånZr Ûmam bm^m§ím H$s àm{ßV (D) XoZXmam| go YZam{e H$s àm{ßV 29. (H$) {dÎmr` {ddaUm| H$m {díbofU {d{^Þ Cn`moJH$Vm©Am| Ho$ {bE Cn`moJr Ed§ _hÎdnyU© h¡ & {ZåZ{b{IV _| go H$m¡Z-gm Cn`moJH$Vm© EH$ ~hþV N>moQ>r-gr Ad{Y _| CZHo$ Xmdm| H$mo nyam H$aZo H$s \$_© H$s j_Vm _| {deof ê$n go é{M aIVm h¡ ? 1 (A) l_ g§JR>Z (B) ì`mnm[aH$ Xo` (C) (D) {dÎm à~§YH$ AWdm (I) ___________ AZwnmVm| H$s JUZm XrK©H$mb _| G$U MwH$mZo H$s j_Vm H$mo {ZYm©[aV H$aZo Ho$ {bE H$s OmVr h¡ & 1 (A) VabVm (B) AmdV© (C) G$U-emoYZ j_Vm (D) bm^àXVm 67/1/1-11 Page 28 of 39 666 PART B OPTION I (Analysis of Financial Statements) 27. The Quick Ratio of a company is 1 : 2. Which of the following transactions will result in an increase in this ratio ? 1 (A) Cash received from debtors (B) Sold goods on credit (C) Purchased goods on credit (D) Purchased goods on cash 28. Identify whi 1 (A) Payment to creditors (B) Interest received by a non-finance company (C) Dividend received by a non-finance company (D) Amount received from debtors 29. (a) Analysis of Financial Statements is useful and significant to different users. Which of the following users is particularly short period of time ? 1 (A) Labour Unions (B) Trade Payables (C) Top Management (D) Finance Manager OR (b) ___________ ratios are calculated to determine the ability of the business to service its debt in the long run. 1 (A) Liquidity (B) Turnover (C) Solvency (D) Profitability 67/1/1-11 Page 29 of 39 P.T.O. 666 30. (H$) < 5,00,00,000 Ho$ g_Vm A§em|/eo`am| Ho$ {ZJ©_Z Ûmam _erZar H$m A{YJ«hU boZXoZ H$m n[aUm_ hmoJm : 1 (A) {dÎmr` J{V{d{Y`m| go < 5,00,00,000 (B) {dÎmr` J{V{d{Y`m| go < 5,00,00,000 (C) {Zdoe J{V{d{Y`m| go < 5,00,00,000 ~{hdm©h (D) H$moB© AWdm (I) ñWm`r n[agån{Îm`m| Ho$ {dH«$` na ^wJVmZ {H$`m J`m ny±Or bm^ H$a boZXoZ H$mo {ZåZ{b{IV _| go {H$gHo$ AÝVJ©V dJuH¥$V H$a|Jo : 1 (A) àMmbZ J{V{d{Y (B) {Zdoe J{V{d{Y (C) {dÎmr` J{V{d{Y (D) 31. H$ånZr A{Y{Z`_, 2013 H$s AZwgyMr III, ^mJ I Ho$ AZwgma {ZåZ _Xm| H$mo H$ånZr Ho$ pñW{V {ddaU _| _w»` erf©H$m| Ed§ Cn-erf©H$m| (`{X H$moB© h¡) _| dJuH¥$V H$s{OE : 3 (H$) ~¢H$ go XrK©H$mbrZ G$U (I) Iwbo Am¡µOma (J) AXÎm ì`` 32. Xr JB© gyMZm go JUZm H$s{OE : 3 (H$) Vab AZwnmV (I) ñQ>m°H$ AmdV© AZwnmV am{e {ddaU (m°H$ 1,00,000 Mmby Xo`VmE± 2,00,000 H$a nyd© ewÕ bm^ 7,20,000 àMmbZ go AmJ_ 10,00,000 gH$b bm^ AZwnmV 20% 67/1/1-11 Page 30 of 39 666 30. (a) equity shares of < 5,00,00,000 1 (A) Cash inflow of < 5,00,00,000 from financing activities (B) Cash outflow of < 5,00,00,000 from financing activities (C) Cash outflow of < 5,00,00,000 from investing activities (D) No flow of cash OR (b) classified under which of the following : 1 (A) Operating Activities (B) Investing Activities (C) Financing Activities (D) Cash and Cash Equivalents 31. Classify the following items under major heads and sub-heads (if any) in the Balance Sheet of the company as per Schedule III Part I of the Companies Act, 2013 : 3 (a) Long Term Loans from Bank (b) Loose Tools (c) Outstanding Expenses 32. From the given information, calculate : 3 (a) Quick Ratio (b) Inventory Turnover Ratio Amount Particulars ( Ho$ {XE JE pñW{V {ddaU go gm_mÝ` AmH$ma H$m pñW{V {ddaU V¡`ma H$s{OE : 4 31 _mM©, 2023 H$mo H$m pñW{V {ddaU ZmoQ> 31.3.2023 31.3.2022 {ddaU g§. ( Ho$ àH$ma H$mo nhMm{ZE : 1 (A) ãbm°H$ H$moS> (B) AZwH«${_H$ H$moS> (C) Zo_mo{ZH$ H$moS> (D) JwßV H$moS> AWdm 67/1/1-11 Page 36 of 39 666 28. (a) Name the Accounting Information sub-system which deals with receipt and payment of cash and electronic funds transfer : 1 (A) Sales and Accounts Receivable sub-system (B) Purchase and Accounts Payable sub-system (C) Cash and Bank sub-system (D) Costing sub-system OR (b) When the accumulated data from various sources is processed in one shot it is called : 1 (A) Real time processing (B) Data validation (C) Batch processing (D) Processing and revalidation 29. How many categories of data can be plotted on a pie chart in Excel software ? 1 (A) 4 (B) 12 (C) 20 (D) 7 30. (a) Codes Dealer Type 100 199 Cycle tyres 200 299 Cycle seats From the following, identify the type of code used by a trading company : 1 (A) Block code (B) Sequential code (C) Mnemonic code (D) Secret code OR 67/1/1-11 Page 37 of 39 P.T.O. 666 (I) ghr ##### àH$Q> hmoVm h¡ : 1 (A) O~ H$m°b_ n`m©ßV ê$n go {dñV¥V Zht hmoVm & (B) O~ {H$gr g§»`m H$mo eyÝ` go ^mJ {X`m OmVm h¡ & (C) O~ _yë` CnbãY Zht hmoVm & (D) >m| Ho$ gmam§e _| AndmX hmoVo h¢ & 31. MmQ>© Ho$ àH$mam| Ho$ ê$n _| S>moZQ> VWm {dñ\$mo{Q>V S>moZQ> eãXmdbr H$mo g_PmBE & 3 32. A{^H${bÌ boIm§H$Z V§Ì H$s {deofVmAm| Ho$ ê$n _| nmaX{e©Vm VWm {Z`ÝÌU Ed§ ewÕVm Ed§ J{V H$mo g_PmBE & 3 33. (H$) A{^H${bÌ boIm§H$Z V§Ì Ho$ {H$Ýht Mma bm^m| H$m CëboI H$s{OE & 4 AWdm (I) A{^H${bÌ boIm§H$Z V§Ì H$s gwajm {deofVmAm| Ho$ ê$n _| nmgdS>© gwajm VWm H$mo g_PmBE & 4 34. bwH$An (Lookup) -{dÝ`mg ê$nm| H$mo g_PmBE & 6 67/1/1-11 Page 38 of 39 666 (b) Correct ##### appears : 1 (A) When column is not wide enough. (B) When a number is divided by zero. (C) When value is not available. (D) When there are exceptions of summary of data. 31. charts. 3 32. C Accuracy and Speed as features of Computerised Accounting System. 3 33. (a) State any four advantages of Computerised Accounting System. 4 OR (b) Computerised Accounting System. 4 34. Explain the two syntax f 6 67/1/1-11 Page 39 of 39 P.T.O.
