SET-3

Series BVM/C H$moS> Z§.

Code No. 67/1/3
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> 28 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 28 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

67/1/3 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$Z)
PART A
(Accounting for Not-for-Profit Organizations, Partnership Firms and Companies)
1. ~ VWm g EH$ ’$‘© Ho$ gmPoXma Wo VWm 11 : 9 Ho$ AZwnmV ‘| bm^-hm{Z ~m±Q>Vo Wo & ~ Zo ’$‘©
H$mo < 80,000 H$m G$U {X¶m hþAm Wm VWm ’$‘© Zo lr‘Vr g go ^r < 1,60,000 H$m G$U
{b¶m hþAm Wm & 31 _mM©, 2019 H$mo ’$‘© H$m {dKQ>Z hmo J¶m VWm BgH$s n[agån{Îm¶m| go
< 1,20,000 àmßV hþE &
¶h ‘mZVo hþE {H$ ’$‘© H$s H$moB© Aݶ V¥Vr¶ nj Xo¶Vm Zht h¡, ~ Ho$ G$U VWm lr‘Vr g Ho$
G$U Ho$ ^wJVmZ H«$‘ H$m C„oI H$s{OE & 1
B and C were partners in a firm sharing profits and losses in the ratio of
11 : 9. B had given a loan of < 80,000 to the firm and the firm also took a
loan of < 1,60,000 from Mrs. C. On 31st March, 2019 the firm was
dissolved and its assets realised < 1,20,000.
Assuming that the firm did not have any other third party liability, state
the order of payment of B’s loan and Mrs. C’s loan.
2. EH$ gmPoXma Ho$ àdoe Ho$ g‘¶ ’$‘© Ho$ bm^ ‘| go ZE gmPoXma Ho$ bm^ Ho$ ^mJ H$m {ZU©¶
H$m¡Z H$aVm h¡ ? 1
AWdm
AdH$me J«hU H$aVo g‘¶ eof gmPoXmam| Ho$ ZE bm^-gh^mOZ AZwnmV H$s JUZm H¡$go H$s
OmVr h¡ ? 1
At the time of admission of a partner, who decides the share of profit of the
new partner out of the firm’s profit ?
OR
At the time of retirement, how is the new profit sharing ratio among the
remaining partners calculated ?
67/1/3 2
3. {H$gr Abm^H$mar g§JR>Z Ho$ {dÎmr¶ {ddaU V¡¶ma H$aVo g‘¶ gm‘mݶ XmZ H$m boIm H¡$go
{H$¶m OmVm h¡ ? 1
AWdm
‘AmOrdZ gXñ¶Vm ewëH$’ H$m ³¶m AW© h¡ ? 1
How are general donations treated while preparing financial statements of
a not-for-profit organisation ?
OR
What is meant by ‘life membership fee’ ?
4. 1 OwbmB©, 2018 H$mo amO VWm gr‘m Zo EH$ gmPoXmar ’$‘© Amaå^ H$s & CÝhm|Zo {ZU©¶ {b¶m
{H$ amO H$mo < 2,500 à{V {V‘mhr doVZ VWm gr‘m Ho$ H$‘reZ Ho$ níMmV² gr‘m H$mo ewÕ
bm^ H$m 10% H$‘reZ Xo¶ Wm &
amO H$mo doVZ VWm gr‘m H$mo H$‘reZ go nyd© 31 _mM©, 2019 H$mo g‘mßV hþE df© Ho$ {bE
’$‘© H$m ewÕ bm^ < 2,27,500 Wm & gr‘m Ho$ H$‘reZ H$s JUZm H$s{OE & 1
Raj and Seema started a partnership firm on 1st
July, 2018. They agreed
that Seema was entitled to a commission of 10% of the net profit after
charging Raj’s salary of < 2,500 per quarter and Seema’s commission.
The net profit before charging Raj’s salary and Seema’s commission for
the year ended 31st March, 2019 was < 2,27,500. Calculate Seema’s
commission.
5. H$, I VWm J gmPoXma Wo VWm 5 : 4 : 3 Ho$ AZwnmV ‘| bm^ ~m±Q>Vo Wo & CÝhm|Zo
1 Aà¡b, 2019 go AnZo bm^-gh^mOZ AZwnmV H$mo 2 : 2 : 1 ‘| ~XbZo H$m {ZU©¶ {b¶m &
Cg {V{W H$mo gm‘mݶ g§M¶ ‘| < 3,00,000 H$m eof Wm VWm bm^-hm{Z ImVo Ho$ Zm‘ nj
‘| < 4,80,000 H$m eof Wm &
Cn¶w©º$ Ho$ {bE bm^-gh^mOZ AZwnmV ‘| n[adV©Z Ho$ g‘¶ Amdí¶H$ amoµOZm‘Mm à{dpîQ>¶m±
H$s{OE & 1
A, B and C were partners sharing profits in the ratio of 5 : 4 : 3. They
decided to change their profit sharing ratio to 2 : 2 : 1 w.e.f.
1st April, 2019. On that date, there was a balance of < 3,00,000 in
General Reserve and a debit balance of < 4,80,000 in the Profit and Loss
Account.
Pass necessary journal entries for the above on account of change in the
profit sharing ratio.
6. A§em| Ho$ A{Y-A{^XmZ H$m ³¶m AW© h¡ ? 1
AWdm
A§e Ho$ ‘g‘‘y붒 H$m ³¶m AW© h¡ ? 1
What is meant by over subscription of shares ?
OR
What is meant by ‘par value’ of a share ?

67/1/3 3 P.T.O.
7. A{ZVm, JrVm, gwZrVm VWm bVm EH$ ’$‘© ‘| gmPoXma Wt & CÝhm|Zo bm^ ‘| 1/5 ^mJ Ho$ {bE
H${dVm H$mo EH$ Z¶m gmPoXma ~Zm¶m & H${dVm Zo AnZm ^mJ A{ZVm, JrVm, gwZrVm VWm bVm
go ~am~a-~am~a àmßV {H$¶m & ZB© ’$‘© H$s Hw$b n±yOr < 4,00,000 na gh‘{V hþB© & H${dVm
Hw$b ny±Or H$m 1/5 ^mJ AnZr ny±Or Ho$ ê$n ‘| ZJX bmB© VWm A{ZVm, JrVm, gwZrVm VWm bVm
H$s ny±{O¶m| H$m g‘m¶moOZ ZE bm^-gh^mOZ AZwnmV Ho$ AZwgma H$aZm Wm & BgHo$ {bE
pñW{V AZwgma A{ZVm, JrVm, gwZrVm VWm bVm H$mo Amdí¶H$ ZJXr bmZr Wr AWdm CZH$mo
^wJVmZ H$aZm Wm & n[agån{Îm¶m| Ho$ nwZ{Z©Ym©aU VWm Xo¶VmAm| Ho$ nwZ‘y©ë¶m§H$Z go gå~pÝYV
Amdí¶H$ g‘m¶moOZ H$aZo Ho$ níMmV² A{ZVm, JrVm, gwZrVm VWm bVm Ho$ ny±Or ImVm| ‘| eof
Wo : A{ZVm < 80,000; JrVm < 85,000; gwZrVm < 75,000 VWm bVm < 80,000 &
A{ZVm, JrVm, gwZrVm VWm bVm H$s ZB© ny±Or H$s JUZm H$s{OE VWm Cn`w©º$ boZXoZm| Ho$ {bE
’$‘© H$s nwñVH$m| ‘| Amdí¶H$ amoµOZm‘Mm à{dpîQ>¶m± H$s{OE & 3
Anita, Geeta, Sunita and Lata were partners in a firm. They admitted
Kavita as a new partner for 1/5th share in the profits. Kavita aquired her
share equally from Anita, Geeta, Sunita and Lata. The total capital of the
new firm was agreed at < 4,00,000. Kavita brought cash equal to 1/5th of
the total capital as her capital and the capitals of Anita, Geeta, Sunita
and Lata were to be adjusted according to the new profit sharing ratio.
For this necessary cash was to be brought by or paid to Anita, Geeta,
Sunita and Lata as the case may be. After doing necessary adjustments
related to revaluation of assets and reassessment of liabilities the
balances in the capital accounts of Anita, Geeta, Sunita and Lata were
Anita < 80,000; Geeta < 85,000; Sunita < 75,000 and Lata < 80,000.
Calculate the new capitals of Anita, Geeta, Sunita and Lata and pass
necessary journal entries for the above transactions in the books of the
firm.

8. har VWm {H$eZ gmPoXma Wo VWm 2 : 1 Ho$ AZwnmV ‘| bm^-hm{Z ~m±Q>Vo Wo & CÝhm|Zo bm^ Ho$
1/5 ^mJ Ho$ {bE í¶m‘ H$mo EH$ gmPoXma ~Zm¶m & Bg CÔoí¶ Ho$ {bE ’$‘© H$s »¶m{V H$m
‘yë¶m§H$Z {nN>bo nm±M dfm] Ho$ Am¡gV bm^ Ho$ VrZ dfm] Ho$ H«$` Ho$ AmYma na H$aZm Wm &
{nN>bo nm±M dfm] Ho$ bm^ Wo :
df© 2013 – 14 2014 – 15 2015 – 16 2016 – 17 2017 – 18

bm^ (<) 50,000 40,000 75,000 (25,000) 50,000

{ZåZ{b{IV H$m g‘m¶moOZ H$aZo Ho$ níMmV² ’$‘© H$s »¶m{V H$s JUZm H$s{OE : 3
df© 2014 – 15 Ho$ bm^ H$s JUZm ‘mb H$s A{½Z Ûmam < 10,000 H$s Agm_mÝ` hm{Z
bJmZo Ho$ níMmV² H$s JB© Wr &
67/1/3 4
 Hari and Krishan were partners sharing profits and losses in the
ratio of 2 : 1. They admitted Shyam as a partner for 1/5th share in the
profits. For this purpose the Goodwill of the firm was to be valued on the
basis of three years’ purchase of last five years average profits. The
profits for the last five years were :
Year 2013 – 14 2014 – 15 2015 – 16 2016 – 17 2017 – 18
Profit (<) 50,000 40,000 75,000 (25,000) 50,000
Calculate Goodwill of the firm after adjusting the following :
The profit of 2014 – 15 was calculated after charging < 10,000 for
abnormal loss of goods by fire.
9. H$ VWm I EH$ ’$‘© Ho$ gmPoXma h¢ VWm 7 : 3 Ho$ AZwnmV ‘| bm^-hm{Z ~m±Q>Vo h¢ & CZH$s
ñWm¶r ny±Or : H$ < 9,00,000 VWm I < 4,00,000 Wr & gmPoXmar g§boI ‘| {ZåZ{b{IV
H$m àmdYmZ Wm :
(i) ny±Or na 10% à{V df© ã¶mO
(ii) H$ H$mo à{V df© < 50,000 doVZ VWm I H$mo à{V ‘mh < 3,000 doVZ &
31 ‘mM©, 2019 H$mo g‘mßV hþE df© Ho$ bm^ < 2,78,000 H$m {d^mOZ ny±Or na ã¶mO VWm
gmPoXmam| H$m doVZ bJmE {~Zm H$a {X¶m J¶m &
AnZo H$m¶© H$mo ñnîQ> Xem©Vo hþE Cn`w©º$ MyH$ Ho$ {bE Amdí¶H$ g‘m¶moOZ à{dpîQ> H$s{OE & 3
AWdm
H$, I VWm J EH$ ’$‘© Ho$ gmPoXma Wo & 1 Aà¡b, 2018 H$mo CZH$s ny±Or H«$‘e:
< 4,00,000, < 3,00,000 VWm < 2,00,000 Wr & gmPoXmar g§boI Ho$ àmdYmZm| Ho$
AZwgma
(i) H$ H$mo < 5,000 à{V ‘mh doVZ Xo¶ Wm &
(ii) gmPoXmam| H$mo ny±Or na 10% à{V df© ã¶mO Xo¶ Wm &
31 _mM©, 2019 H$mo g‘mßV hþE df© H$m ewÕ bm^ < 3,00,000 H$m {d^mOZ gmPoXmam| Ho$
‘ܶ Cn¶w©º$ _Xm| H$m àmdYmZ {H$E {~Zm H$a {X¶m J¶m &
AnZo H$m¶© H$mo ñnîQ> Xem©Vo hþE Cn`w©º$ Ìw{Q> Ho$ emoYZ Ho$ {bE g‘m¶moOZ à{dpîQ> H$s{OE & 3
A and B are partners in a firm sharing profits and losses in the
ratio of 7 : 3. Their fixed capitals were : A < 9,00,000 and B < 4,00,000.
The partnership deed provided the following :
(i) Interest on capital @ 10% p.a.
(ii) A’s salary < 50,000 per year and B’s salary < 3,000 per month.
Profit for the year ended 31st March, 2019 < 2,78,000 was distributed
without providing for interest on capital and partners’ salary.
Showing your working clearly, pass the necessary adjustment entry for the
above omissions.
OR
67/1/3 5 P.T.O.
 A, B and C were partners in a firm. On 1st April, 2018, their capitals
stood at < 4,00,000, < 3,00,000 and < 2,00,000 respectively. As per the
provisions of the partnership deed
(i) A was entitled to a salary of < 5,000 per month.
(ii) Partners were entitled to interest on capital @10% p.a.
The net profit for the year ended 31st March, 2019, < 3,00,000 was
divided among the partners without providing for the above items.
Showing your working clearly, pass an adjustment entry to rectify the
above error.
10. {ZåZ{b{IV ‘Xm| H$mo 31 ‘mM©, 2019 H$mo ³drÝg ³b~ Ho$ pñW{V {ddaU ‘| Xem©BE :
ny±Or H$mof (1 Aà¡b, 2018) < 10,80,000
^dZ H$mof (1 Aà¡b, 2018) < 4,80,000
^dZ Ho$ {bE àmßV XmZ < 6,00,000
10% ^dZ H$mof {Zdoe (1 Aà¡b, 2018) < 4,80,000
^dZ H$mof {Zdoe na àmßV ã¶mO < 48,000
^dZ {Z‘m©U na < 3,60,000 H$m 춶 hþAm & ^dZ {Z‘m©U H$m¶© A^r àJ{V na h¡ VWm nyU©
Zht hþAm h¡ & 3
Present the following items in the Balance Sheet of Queen’s Club as at
31st March, 2019 :
Capital Fund (1st April, 2018) < 10,80,000
Building Fund (1st April, 2018) < 4,80,000
Donation received for Building < 6,00,000
st
10% Building Fund Investments (1 April, 2018) < 4,80,000
Interest received on Building Fund Investments < 48,000
Expenditure on construction of building < 3,60,000. The construction
work is in progress and has not yet been completed.
11. A‘¥V VWm àrV EH$ ’$‘© Ho$ gmPoXma Wo VWm 5 : 3 Ho$ AZwnmV ‘| bm^-hm{Z ~m±Q>Vo Wo &
31 _mM©, 2019 H$mo CZH$s ’$‘© H$m {dKQ>Z hmo J¶m & {dKQ>Z H$s {V{W H$mo pñW{V {ddaU
< 2,00,000 ñQ>m°H$ VWm < 1,20,000 boZXma Xem© ahm Wm & n[agån{Îm¶m| (amoH$‹S> hñVo
VWm ~¢H$ ‘| amoH$‹S> H$mo N>mo‹S>H$a) VWm V¥Vr¶ nj Xo¶VmAm| H$mo dgybr ImVo ‘| ñWmZmÝV[aV
H$aZo Ho$ níMmV² {ZåZ{b{IV boZXoZ hþE :
(i) Hw$b ñQ>m°H$ H$m 40% A‘¥V Zo nwñVH$ ‘yë¶ go 10% H$‘ na bo {b¶m &
(ii) Hw$b ñQ>m°H$ H$m 20%, < 50,000 Ho$ EH$ boZXma Zo AnZo ImVo Ho$ nyU© {ZnQ>mZ ‘|
bo {b¶m &
(iii) eof boZXmam| H$mo ^wJVmZ < 5,000 Ho$ ~Å>o na H$a {X¶m J¶m &
(iv) eof ñQ>m°H$ H$m < 90,000 ‘| ZJX {dH«$¶ H$a {X¶m J¶m &
Cn¶w©º$ boZXoZm| Ho$ {bE ’$‘© H$s nwñVH$m| ‘| Amdí¶H$ amoµOZm‘Mm à{dpîQ>¶m± H$s{OE & 4

67/1/3 6
 Amrit and Preet were partners in a firm sharing profits and losses in the
ratio of 5 : 3. On 31st March, 2019 their firm was dissolved. On the date of
dissolution their Balance Sheet showed stock of < 2,00,000 and creditors
of < 1,20,000. After transferring assets (other than cash in hand and
cash at bank) and third party liabilities to realisation account the
following transactions took place.
(i) 40% of the total stock was taken over by Amrit at 10% less than
book value.
(ii) 20% of the total stock was taken over by a creditor of < 50,000 in
full settlement of his account.
(iii) The remaining creditors were paid at a discount of < 5,000.
(iv) The remaining stock was sold for cash for < 90,000.
Pass necessary journal entries for the above transactions in the books of
the firm.

12. B©, E’$ VWm Or EH$ ’$‘© Ho$ gmPoXma Wo & 31 _mM©, 2015 H$mo Or H$m XohmÝV hmo J¶m &
g^r Amdí`H$ g‘m¶moOZm| Ho$ níMmV² Or Ho$ ny±Or ImVo ‘| ewÕ eof < 1,40,000 Wm & Or
Ho$ {ZînmXH$ EM H$mo < 50,000 H$m ^wJVmZ VwaÝV H$a {X¶m J¶m VWm 31 _mM©, 2016 go
Amaå^ H$aHo$ eof H$m ^wJVmZ Cgo VrZ ~am~a dm{f©H$ {H$íVm| ‘| 12% dm{f©H$ ã¶mO Ho$ gmW
{H$¶m J¶m & ’$‘© AnZr nwñVH|$ à{V df© 31 ‘mM© H$mo ~ÝX H$aVr h¡ &
Cgo nyU© ^wJVmZ {H$E OmZo VH$ EM H$m ImVm V¡¶ma H$s{OE & 4
E, F and G were partners in a firm. On 31st
March, 2015 G died. After
doing all necessary adjustments the capital account of G showed a net
balance of < 1,40,000. < 50,000 was immediately paid to G’s executor H
and starting from 31st March, 2016, the balance was paid to him in three
equal yearly instalments with interest @ 12% p.a. The firm closes its
books on 31st March every year.
Prepare H’s account till he is finally paid.

13. 1 Aà¡b, 2016 H$mo E³g {b{‘Q>oS> Zo < 100 à˶oH$ Ho$ 1000; 9% G$UnÌm| H$m {ZJ©‘Z
< 5 à{V G$UnÌ Ho$ àr{‘¶‘ na {H$¶m & BZ G$UnÌm| H$m emoYZ 31 _mM©, 2019 H$mo < 8
à{V G$UnÌ Ho$ àr{‘¶‘ na {H$¶m OmZm Wm & H$ånZr Zo H$ånZr A{Y{Z¶‘, 2013 Ho$
àmdYmZm| Ho$ AZwgma ݶyZV‘ G$UnÌ emoYZ g§M¶ H$m 31 _mM©, 2018 H$mo g¥OZ {H$¶m VWm
^maVr¶ ñQ>oQ> ~¢H$ ‘| 8% à{V df© H$s Xa go {Zdoe 1 Aà¡b, 2018 H$mo ñWm¶r O‘m ‘|
{H$¶m &
G$UnÌm| Ho$ {ZJ©‘ na hm{Z H$mo An{b{IV H$aZo VWm G$UnÌm| na ã¶mO H$s à{dpîQ>¶m| H$mo
N>mo‹S>H$a EŠg {b{_Q>oS> H$s nwñVH$m| ‘| Cn`w©º$ boZXoZm| Ho$ {bE Amdí¶H$ amoµOZm‘Mm
à{dpîQ>¶m± H$s{OE & 6

67/1/3 7 P.T.O.
 On 1st April, 2016 X Ltd. issued 1000; 9% debentures of < 100 each at a
premium of < 5 per debenture and redeemable on 31st March, 2019 at a
premium of < 8 per debenture. The company created the minimum
amount of debenture redemption reserve as per the provisions of the
Companies Act, 2013 on 31st March, 2018 and made investments in
8% p.a. fixed deposits in State Bank of India on 1st April, 2018.

Excluding the entries for writing off loss on issue of debentures and
interest on debentures, pass necessary journal entries for the above
transactions in the books of X Ltd.

14. {ZåZ àm{ßV VWm ^wJVmZ ImVo VWm Xr JB© A{V[aº$ gyMZm go 31 ‘mM©, 2019 H$mo g‘mßV
hþE df© Ho$ {bE ‘m°S>Z© h¡ëW ³b~ H$m Am¶ Ed§ 춶 ImVm VWm 31 ‘mM©, 2019 H$mo pñW{V
{ddaU V¡¶ma H$s{OE & 6

31 _mM©, 2019 H$mo g_mßV hþE df© Ho$ {bE àm{ßV Ed§ ^wJVmZ ImVm

àm{ßV¶m± am{e ^wJVmZ am{e

(<) (<)
eof ZrMo bmE 17,000 doVZ 30,000

MÝXm 60,000 {H$am¶m 18,300

XmZ 2,000 ‘aå‘V 4,700

’$ZuMa
(nwñVH$ ‘yë¶ < 6,000) nwñVH|$ 16,000
5,000
AmOrdZ gXñ¶Vm ewëH$ 7,000 ^dZ 30,000
{Zdoe na ã`mO (nyU© df© Ho$
{bE 5% H$s Xa go) eof ZrMo bo JE 1,000
9,000
1,00,000 1,00,000

67/1/3 8
 A{V[aº$ gyMZm :
31.03.2018 31.03.2019
{ddaU (<) (<)
(i) A{J«‘ àmá MÝXm 4,000 5,000

(ii) AXÎm MÝXm 3,000 4,000

(iii) nwñVH|$ 12,500 26,500

From the following Receipts and Payments Account and additional

information of Modern Health Club, prepare Income and Expenditure
Account for the year ended 31st March, 2019 and the Balance Sheet as at
31st March, 2019.

Receipts and Payments Account for the year ended

31st March, 2019

Amount Amount
Receipts Payments
(<) (<)
To Balance b/d 17,000 By Salaries 30,000

To Subscriptions 60,000 By Rent 18,300

To Donations 2,000 By Repairs 4,700

To Furniture (Book
Value < 6,000) By Books 16,000
5,000
To Life Membership
Fees By Buildings 30,000
7,000
To Interest on
Investment (@ 5% By Balance c/d 1,000
for full year) 9,000

1,00,000 1,00,000

67/1/3 9 P.T.O.
 Additional Information :
31.03.2018 31.03.2019
Particulars
(<) (<)
(i) Subscription received in advance 4,000 5,000

(ii) Outstanding Subscription 3,000 4,000

(iii) Books 12,500 26,500

15. E³g VWm dmB© gmPoXma h¢ VWm 3 : 2 Ho$ AZwnmV ‘| bm^ ~m±Q>Vo h¢ & CZHo$ gmPoXmar g§boI ‘|
ny±Or na 10% dm{f©H$ ã`mO bJmZo VWm AmhaU na 12% dm{f©H$ ã¶mO boZo H$m àmdYmZ
Wm & 31 ‘mM©, 2019 H$mo g‘mßV hþE df© Ho$ {bE AYyam bm^-hm{Z {Z¶moOZ ImVm,
gmPoXmam| Ho$ ny±Or ImVo VWm Mmby ImVo ZrMo {XE JE h¢ &
31 _mM©, 2019 H$mo g‘mßV hþE df© Ho$ {bE bm^-hm{Z {Z¶moOZ ImVm
Zm_ O_m
am{e am{e
{ddaU (<) {ddaU (<)
bm^-hm{Z ImVm :
ny±Or na ã¶mO : ..........
ewÕ bm^ ZrMo bmE
E³g H$m Mmby ImVm .......... AmhaU na ã¶mO :
dmB© H$m Mmby ImVm .......... .......... E³g H$m Mmby ImVm ..........
doVZ : dmB© H$m Mmby ImVm .......... ..........
dmB© H$m Mmby ImVm ..........
hñVmÝV[aV bm^ :
E³g H$m Mmby ImVm 1,20,000
dmB© H$m Mmby ImVm .......... ..........
2,84,000 2,84,000
gmPoXmam| Ho$ ny±Or ImVo
Zm_ O_m
E³g dmB© E³g dmB©
{ddaU {ddaU
(<) ( <) (<) ( <)
eof ZrMo bo JE .......... .......... eof ZrMo bmE .......... ..........

.......... .......... .......... ..........

67/1/3 10
 gmPoXmam| Ho$ Mmby ImVo
Zm_ O_m
E³g dmB© E³g dmB©
{ddaU {ddaU
(<) (<) (<) ( <)
~¢H$ (AmhaU) 10,000 9,000 eof ZrMo bmE 78,000 69,000
.......... .......... .......... ny±Or na ã¶mO 18,000 24,000
.......... .......... .......... .......... .......... ..........
.......... .......... ..........
.......... .......... .......... ..........
31 ‘mM©, 2019 H$mo g‘mßV hþE df© Ho$ {bE bm^-hm{Z {d{Z¶moOZ ImVm, gmPoXmam| Ho$ ny±Or
ImVo VWm Mmby ImVm| H$mo nyam H$s{OE & 6
AWdm
E³g VWm dmB© EH$ \$_© Ho$ gmPoXma h¢ VWm 2 : 1 Ho$ AZwnmV ‘| bm^-hm{Z ~m±Q>Vo h¢ & CZH$s
ñWm¶r ny±Or H«$‘e: < 5,00,000 VWm < 3,00,000 h¢ & ny±Or na 9% à{V df© ã¶mO Xo¶
h¡ & AmhaU na 12% à{V df© ã¶mO bJm¶m OmVm h¡ & E³g H$mo < 4,000 à{V ‘mh doVZ
Xo¶ h¡ & dmB© Ho$ G$U < 2,00,000 na 6% dm{f©H$ ã¶mO {X¶m OmVm h¡ & 31 _mM©, 2019
H$mo g‘mßV hþE df© ‘| E³g H$m AmhaU < 60,000 VWm dmB© H$m AmhaU < 72,000 Wm &
ewÕ bm^ H$m 5% gm‘mݶ g§M¶ ‘| hñVmÝV[aV H$aZm h¡ & 31 ‘mM©, 2019 H$mo g‘mßV hþE
df© H$m AYyam bm^-hm{Z {d{Z¶moOZ ImVm ZrMo {X¶m J¶m h¡ :
31 ‘mM©, 2019 H$mo g‘mßV hþE df© H$m AYyam bm^-hm{Z {d{Z¶moOZ ImVm
Zm_ O_m
am{e am{e
{ddaU (<) {ddaU (<)
ny±Or na ã¶mO : bm^-hm{Z ImVm
E³g H$m Mmby ImVm ......... ewÕ bm^ ZrMo bmE ..........
dmB© H$m Mmby ImVm ......... .......... AmhaU na ã¶mO :
doVZ :
..........
E³g H$m Mmby ImVm ........
EŠg H$m Mmby ImVm
gm‘mݶ g§M¶ 15,000 dmB© H$m Mmby ImVm ......... ..........
hñVmÝV[aV bm^ :
E³g H$m Mmby ImVm ..........
dmB© H$m Mmby ImVm .......... ..........

.......... ..........
31 ‘mM©, 2019 H$mo g‘mßV hþE df© Ho$ {bE E³g VWm dmB© H$m bm^-hm{Z {d{Z¶moOZ ImVm
nyam H$s{OE & 6
67/1/3 11 P.T.O.
 X and Y are partners sharing profits in the ratio of 3 : 2. Their
partnership deed provided for allowing interest on capital @ 10% p.a. and
charging interest on drawings @ 12% p.a. The incomplete Profit and Loss
Appropriation Account for the year ended 31st March, 2019, partners
capital and current accounts are given below :
Profit and Loss Appropriation Account for the year ended
31st March, 2019
Dr Cr
Amount Amount
Particulars Particulars
(<) (<)
To Interest on Capital : By Profit and Loss A/c
X’s Current A/c .......... Net Profit b/d ..........
Y’s Current A/c .......... .......... By Interest on Drawings :
To Salary X’s Current A/c .........
Y’s Current A/c .......... Y’s Current A/c ......... ..........
To Profit transferred to :
X’s Current A/c 1,20,000
Y’s Current A/c .......... ..........
2,84,000 2,84,000
Partners’ Capital Accounts
Dr Cr
X Y X Y
Particulars Particulars
(<) (<) (<) (<)
To Balance c/d .......... .......... By Balance b/d .......... ..........
.......... .......... .......... ..........
Partners’ Current Accounts
Dr Cr
X Y X Y
Particulars Particulars
(<) (<) (<) (<)
To Bank
10,000 9,000 By Balance b/d 78,000 69,000
(Drawing)
By Interest on
To .......... .......... .......... 18,000 24,000
Capital
To .......... .......... .......... By ..........
.......... ..........
By ..........
.......... ..........
.......... .......... .......... ..........
Complete the Profit and Loss Appropriation Account for the year ended
31st March, 2019, Partners’ Capital Accounts and Current Accounts.
OR
67/1/3 12
 X and Y are partners in a firm sharing profits and losses in the ratio of
2 : 1. Their fixed capitals are < 5,00,000 and < 3,00,000 respectively.
Interest on capital is allowed @ 9% p.a. while interest on drawings is
charged @ 12% p.a. X is allowed a salary of < 4,000 per month. Interest
on Y’s loan of < 2,00,000 is to be provided @ 6% p.a. During the year
ended 31st March, 2019, X’s drawings were < 60,000 and Y’s drawings
were < 72,000. 5% of the Net Profit is to be transferred to General
Reserve. Incomplete Profit and Loss Appropriation Account for the year
ended 31st March, 2019 prepared by the firm is given below :

Incomplete Profit and Loss Appropriation Account for the year ended
31st March, 2019

Dr Cr
Amount Amount
Particulars Particulars
(<) (<)
To Interest on Capital : By Profit and Loss A/c

X’s Current A/c .......... Net Profit b/d ..........

Y’s Current A/c .......... .......... By Interest on
Drawings :
To Salary X’s Current A/c ........

X’s Current A/c Y’s Current A/c .........

.......... ..........
To General Reserve 15,000
To Profit transferred to :

X’s Current A/c ..........

Y’s Current A/c .......... ..........

.......... ..........

Complete the Profit and Loss Appropriation A/c of X and Y for the year
ended 31st March, 2019.

67/1/3 13 P.T.O.
16. {bgm, ‘mo{ZH$m VWm {Zem EH$ ’$‘© _| gmPoXma Wo VWm 2 : 2 : 1 Ho$ AZwnmV ‘| bm^-hm{Z
~m±Q>Vo Wo & 31 ‘mM©©, 2019 H$mo CZH$m pñW{V {ddaU {ZåZ àH$ma go Wm :
31 _mM©, 2019 H$mo {bgm, ‘mo{ZH$m VWm {Zem H$m pñW{V {ddaU
am{e am{e
Xo`VmE± n[agån{Îm`m±
(<) (<)
ì¶mnm[aH$ boZXma 1,60,000 ^y{‘ VWm ^dZ 10,00,000

Xo¶ {~b 2,44,000 ‘erZar 12,00,000

H$‘©Mmar ^{dî¶ {Z{Y 76,000 ñQ>m°H$ 10,00,000

ny±Or : {d{dY XoZXma 4,00,000

{bgm 14,00,000 ~¢H$ 40,000
‘mo{ZH$m 14,00,000
{Zem 3,60,000 31,60,000

36,40,000 36,40,000

31 ‘mM©, 2019 H$mo ‘mo{ZH$m Zo ’$‘© go AdH$me J«hU {H$¶m VWm eof gmPoXmam| Zo ì¶dgm¶
Mmby aIZo H$m {ZU©¶ {H$¶m & ¶h gh‘{V hþB© {H$ :
(i) ^y{‘ VWm ^dZ H$m ‘yë¶ < 2,40,000 ~‹T>m¶m OmEJm VWm ‘erZar na 10%
‘yë¶õmg bJm¶m OmEJm &
(ii) AdH$me J«hU H$aZo dmbo gmPoXma Zo 50% ñQ>m°H$ nwñVH$ ‘yë¶ na bo {b¶m &
(iii) XoZXmam| na g§{X½Y G$Um| Ho$ {bE 5% H$m àmdYmZ {H$¶m OmEJm &
(iv) ’$‘© H$s »¶m{V H$m ‘yë¶m§H$Z < 3,00,000 {H$¶m J¶m VWm »¶m{V ‘| ‘mo{ZH$m Ho$
^mJ H$m g‘m¶moOZ {bgm VWm {Zem Ho$ ImVmo§ Ûmam {H$¶m OmEJm &
(v) ZB© ’$‘© H$s Hw$b ny±Or < 27,00,000 {ZpíMV H$s JB© Omo {bgm VWm {Zem Ho$ ZE
bm^-gh^mOZ AZwnmV ‘| hmoJr & Bg CÔoí¶ Ho$ {bE gmPoXmam| Ho$ Mmby ImVo Imobo
OmE±Jo &
‘mo{ZH$m Ho$ AdH$me J«hU H$aZo na nwZ‘y©ë¶m§H$Z ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm
nwZJ©{R>V ’$‘© H$m pñW{V {ddaU V¡¶ma H$s{OE & 8
AWdm
67/1/3 14
 ‘XZ VWm ‘mohZ Omo 3 : 2 Ho$ AZwnmV ‘| bm^-hm{Z ~m±Q>Vo Wo H$m 31 ‘mM©©, 2019 H$mo pñW{V
{ddaU {ZåZ àH$ma go Wm :

31 _mM©, 2019 H$mo ‘XZ VWm ‘mohZ H$m pñW{V {ddaU

am{e am{e
Xo`VmE± n[agån{Îm`m±
(<) (<)
boZXma 28,000 ~¢H$ ‘| ZJX 10,000

gm‘mݶ g§M¶ 10,000 XoZXma 65,000

KQ>m g§{X½Y G$Um| Ho$
H$‘©Mmar ^{dî¶ {Z{Y 22,000 {bE àmdYmZ 5,000 60,000
ny±Or : ñQ>m°H$ 33,000
‘XZ 60,000 EH$ñd 57,000
‘mohZ 40,000 1,00,000

1,60,000 1,60,000

1 Aà¡b, 2019 H$mo {ZåZ{b{IV eVm] na bm^ Ho$ 1/5 ^mJ Ho$ {bE CÝhmo§Zo Jmonmb H$mo EH$
Z¶m gmPoXma ~Zm¶m & Jmonmb Zo AnZm ^mJ nyU© ê$n go ‘mohZ go A{YH¥$V {H$¶m &
(i) Jmonmb < 10,000 »¶m{V àr{‘¶‘ H$m AnZm ^mJ bmEJm &
(ii) < 3,000 H$m EH$ XoZXma, {OgH$s Xo¶ am{e H$m boIm Sy>~V G$U Ho$ ê$n ‘| H$a
{X¶m J¶m Wm, Zo AnZo nyU© {ZnQ>mZ hoVw < 2,000 H$m ^wJVmZ {H$¶m &
(iii) H$‘©Mmar j{Vny{V© Ho$ EH$ Xmdo Ho$ {bE < 5,000 H$m àmdYmZ H$aZm Wm &
(iv) EH$ñd H$m ‘yë¶m§H$Z < 2,000 H$‘ {H$¶m J¶m Wm & nwñVH$m| ‘| ñQ>m°H$ H$m ‘yë¶m§H$Z
BgHo$ ~mµOma _yë` go 10% A{YH$ {H$¶m J¶m Wm &
(v) g^r g‘m¶moOZm| Ho$ níMmV² Jmonmb, ‘XZ VWm ‘mohZ H$s g§¶wº$ ny±Or Ho$ 20% Ho$
~am~a ny±Or bmEJm &
nwZ‘©yë¶m§H$Z ImVm, gmPoXmam| Ho$ ny°§Or ImVo VWm ZB© ’$‘© H$m pñW{V {ddaU V¡¶ma H$s{OE & 8

67/1/3 15 P.T.O.
 Lisa, Monika and Nisha were partners in a firm sharing profits and losses
in the ratio of 2 : 2 : 1. On 31st March, 2019, their Balance Sheet was as
follows :
Balance Sheet of Lisa, Monika and Nisha as at 31st March, 2019
Amount Amount
Liabilities (<) Assets (<)
Trade Creditors 1,60,000 Land and Building 10,00,000

Bills Payable 2,44,000 Machinery 12,00,000

Employees Provident
76,000 Stock 10,00,000
Fund
Capitals : Sundry Debtors 4,00,000

Lisa 14,00,000 Bank 40,000

Monika 14,00,000
Nisha 3,60,000 31,60,000

36,40,000 36,40,000

On 31st March, 2019, Monika retired from the firm and the remaining
partners decided to carry on the business. It was agreed that :
(i) Land and building be appreciated by < 2,40,000 and machinery be
depreciated by 10%.
(ii) 50% of the stock was taken over by the retiring partner at book
value.
(iii) Provision for doubtful debts was to be made at 5% on debtors.
(iv) Goodwill of the firm be valued at < 3,00,000 and Monika’s share of
goodwill be adjusted in the accounts of Lisa and Nisha.
(v) The total capital of the new firm be fixed at < 27,00,000 which will
be in the proportion of the new profit sharing ratio of Lisa and
Nisha. For this purpose, current accounts of the partners were to
be opened.
Prepare Revaluation Account, Partners’ Capital Accounts and the
Balance Sheet of the reconstituted firm on Monika’s retirement.
OR

67/1/3 16
 On 31st March, 2019 the Balance Sheet of Madan and Mohan who share
profits and losses in the ratio of 3 : 2 was as follows :

Balance Sheet of Madan and Mohan as at 31st March, 2019

Amount Amount
Liabilities Assets
(<) (<)
Creditors 28,000 Cash at Bank 10,000

General Reserve 10,000 Debtors 65,000

Employees Provident Less : Provision for

22,000 Doubtful debts 5,000
Fund 60,000
Capitals : Stock 33,000

Madan 60,000 Patents 57,000

Mohan 40,000 1,00,000

1,60,000 1,60,000

They decided to admit Gopal on 1st April, 2019 for 1/5th share which
Gopal acquired wholly from Mohan on the following terms :

(i) Gopal shall bring < 10,000 as his share of premium for Goodwill.
(ii) A debtor whose dues of < 3,000 were written off as bad debt paid
< 2,000 in full settlement.
(iii) A claim of < 5,000 on account of workmen’s compensation was to
be provided for.
(iv) Patents were undervalued by < 2,000. Stock in the books was
valued 10% more than its market value.
(v) Gopal was to bring in capital equal to 20% of the combined capitals
of Madan and Mohan after all adjustments.
Prepare Revaluation Account, Capital Accounts of the Partners and the
Balance Sheet of the new firm.

67/1/3 17 P.T.O.
17. amR>r {b{‘Q>oS> Zo < 10 à˶oH$ Ho$ 1,00,000 g‘Vm A§em| Ho$ {ZJ©‘Z Ho$ {bE AmdoXZ
Am‘pÝÌV {H$E & A§em| H$m {ZJ©‘Z 60% Ho$ àr{‘¶‘ na {H$¶m J¶m & am{e H$m ^wJVmZ {ZåZ
àH$ma go Xo¶ Wm :
AmdoXZ VWm Am~§Q>Z na – < 6 à{V A§e (< 4 àr{_`_ g{hV)
àW‘ VWm ApÝV‘ ¶mMZm na – àr{_`_ g{hV eof
1,90,000 A§em| Ho$ {bE AmdoXZ àmßV hþE & Am~§Q>Z {ZåZ àH$ma go {H$¶m J¶m :
dJ© H$ – 10,000 A§em| Ho$ {bE AmdoXZm| H$mo aÔ H$a {X¶m J¶m &
dJ© I – 1,00,000 A§em| Ho$ {bE AmdoXZm| H$mo 50,000 A§em| H$m Am~§Q>Z {H$¶m J¶m &
dJ© J – 80,000 A§em| Ho$ {bE AmdoXZm| H$mo 50,000 A§em| H$m Am~§Q>Z {H$¶m J¶m &
AmdoXZ VWm Am~§Q>Z na àmßV A{V[aº$ am{e H$m g‘m¶moOZ àW‘ VWm ApÝV‘ ¶mMZm na
Xo¶ am{e ‘| {H$¶m J¶m &
dJ© I go gå~pÝYV Abr, {OgZo 1,000 A§em| Ho$ {bE AmdoXZ {H$¶m Wm, Zo
AnZr gmar A§e am{e H$m ^wJVmZ AmdoXZ Ho$ g‘¶ H$a {X¶m Wm &
dJ© J go gå~pÝYV ~mbr, {Ogo 1,000 A§em| H$m Am~§Q>Z {H$¶m J¶m Wm, àW‘ VWm ApÝV_
¶mMZm am{e H$m ^wJVmZ H$aZo ‘| Ag’$b ahm & CgHo$ A§em| H$m haU H$a BÝh| < 15 à{V
A§e nyU© àXÎm nwZ: {ZJ©{‘V H$a {X¶m J¶m Wm &
amR>r {b{_Q>oS> H$s nwñVH$m| _| Cn¶w©º$ boZXoZm| Ho$ {bE Amdí¶H$ amoµOZm‘Mm à{dpîQ>¶m±
H$s{OE & 8
AWdm
‘drZg {b{‘Q>oS>’ < 10 à˶oH$ Ho$ 4,00,000 A§em| ‘| {d^º$ < 40,00,000 H$s A{YH¥$V
ny±Or Ho$ gmW n§OrH¥$V Wr & BZ‘| go 70,000 nyU© àXÎm A§em| H$m {ZJ©‘Z ‘‘¡gg© ñQ>ma
{b{‘Q>oS>’ H$mo CZgo H«$¶ {H$E JE ^dZ Ho$ {bE {H$¶m J¶m & 2,00,000 A§em| H$m {ZJ©‘Z
OZVm H$mo {H$¶m J¶m VWm am{e H$m ^wJVmZ {ZåZ àH$ma go H$aZm Wm :
AmdoXZ na – < 3 à{V A§e
Am~§Q>Z na – < 2 à{V A§e
àW‘ ¶mMZm na – < 2 à{V A§e
Xÿgar Ed§ ApÝV‘ ¶mMZm na – < 3 à{V A§e
BZ A§em| na am{e {ZåZ àH$ma go àmßV hþB© :
1,00,000 A§em| na – ‘m±Jr JB© nyU© am{e
60,000 A§em| na – < 7 à{V A§e
30,000 A§em| na – < 5 à{V A§e
10,000 A§em| na – < 3 à{V A§e
{ZXoeH$m§o Zo CZ 10,000 A§em| H$m haU H$a {b¶m {OZ na Ho$db < 3 à{V A§e àmßV hþE
Wo & BZ A§em| H$mo < 12 à{V A§e nyU© àXÎm nwZ:{ZJ©{_V H$a {X¶m J¶m &
Cn¶w©º$ boZXoZm| Ho$ {bE ‘drZg {b{‘Q>oS>’ H$s nwñVH$m| ‘| Amdí¶H$ amoµOZm‘Mm à{dpîQ>¶m±
H$s{OE & 8
67/1/3 18
 Rathee Ltd. invited applications for issuing 1,00,000 equity shares of
< 10 each. The shares were issued at a premium of 60%. The amount was
payable as follows :
On Application and Allotment – < 6 per share (including
premium < 4)
On First and Final Call – Balance including premium
Applications for 1,90,000 shares were received. The allotment was made
as follows :
Category A – Applications for 10,000 shares were rejected.
Category B – Applications for 1,00,000 shares were allotted
50,000 shares.
Category C – Applications for 80,000 shares were allotted 50,000 shares.
Excess money received on application and allotment was adjusted
towards sums due on first and final call.
Ali, who belonged to Category B, and had applied for 1,000 shares, paid
the entire amount of his share money with application.
Bali, who belonged to Category C, was allotted 1,000 shares, failed to pay
the first and final call money. His shares were forfeited and re-issued at
< 15 per share fully paid up.
Pass necessary journal entries for the above transactions in the books of
Rathee Ltd.
OR
‘Venus Ltd’ was registered with an authorised capital of < 40,00,000
divided into 4,00,000 equity shares of 10 each. 70,000 of these shares
were issued as fully paid to ‘M/s. Star Ltd.’ for building purchased from
them. 2,00,000 shares were issued to the public and the amounts were
payable as follows :
On Application – < 3 per share
On Allotment – < 2 per share
On First Call – < 2 per share
On Second and Final Call – < 3 per share
The amounts received on these shares were as follows :
On 1,00,000 shares – Full amount called
On 60,000 shares – < 7 per share
On 30,000 shares – < 5 per share
On 10,000 shares – < 3 per share
The directiors forfeited 10,000 shares on which only < 3 per share were
received. These shares were reissued at < 12 per share fully paid. Pass
necessary journal entries for the above transactions in the books of
‘Venus Ltd’.
67/1/3 19 P.T.O.
 IÊS> I
{dH$ën I
({dÎmr` {ddaUm| H$m {díbofU)
PART B
OPTION I
(Analysis of Financial Statements)

18. ‘amoH$‹S> àdmh {ddaU’ H$m ³¶m AW© h¡ 1

What is meant by ‘Cash Flow Statement’ ?
19. dmB© {b{‘Q>oS> Ho$ amoH${S>`o Zo ~¢H$ go < 2,00,000 H$m AmhaU {H$¶m & ³¶m Bg boZXoZ go
amoH$‹S> àdmh ~‹T> oJm, KQ>oJm AWdm Bg‘| H$moB© n[adV©Z Zht hmoJm ? AnZo CÎma Ho$ g‘W©Z ‘|
H$maU Xr{OE & 1
Cashier of Y Ltd. withdrew < 2,00,000 from bank. Will this transaction
result into inflow, outflow or no flow of cash ? Give reason in support of
your answer.
20. H$ånZr A{Y{Z¶‘, 2013 H$s gyMr-III ^mJ-I Ho$ AZwgma {ZåZ{b{IV ‘Xm| H$mo EH$ H$ånZr
Ho$ pñW{V {ddaU _| {H$Z Cnerf©H$m| Ho$ AÝVJ©V àñVwV {H$¶m OmEJm ? 4
(i) gm‘mݶ g§M¶
(ii) ~¢H$ S´>mâQ> hñVo
(iii) {dÎmr¶ g§ñWmZ go 9% G$U
(iv) ’$ZuMa
(v) G$UnÌ emoYZ g§M¶
(vi) ì¶mnm[aH$ {M•
(vii) {d{dY boZXma
(viii) àm߶ {~b
Under which sub-headings 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) General Reserve
(ii) Bank Drafts in hand
(iii) 9% loan from a financial institution
(iv) Furniture
(v) Debenture Redemption Reserve
(vi) Trade Marks
(vii) Sundry Creditors
(viii) Bills Receivables
67/1/3 20
21. {ZåZ{b{IV gyMZm go ‘har Xe©Z {b{‘Q>oS>’ H$m gm‘mݶ AmH$ma H$m bm^-hm{Z {ddaU V¡¶ma
H$s{OE : 4

ZmoQ> 2018 − 19 2017 − 18

{ddaU
g§. (<) (<)

àMmbZm| go AmJ‘ 20,00,000 10,00,000

ì¶mnm[aH$ ñQ>m°H$ H$m H«$¶ 7,70,000 4,20,000

ñQ>m°H$ ‘| n[adV©Z 1,20,000 80,000

Aݶ 춶 52,000 30,000

Aݶ Am¶ 60,000 50,000

H$a Xa 50%

AWdm

31 ‘mM©, 2019 H$mo g‘mßV hþE df© Ho$ {bE S>oëH$mo {b{‘Q>oS> Ho$ bm^-hm{Z {ddaU go
{ZåZ{b{IV gyMZm àmßV hþB© :
2018 − 19 2017 − 18
{ddaU
(<) (<)

àMmbZm| go AmJ‘ 60,00,000 45,00,000

H$‘©Mmar {hV 춶 30,00,000 22,50,000

‘yë¶õmg 7,50,000 6,00,000

Aݶ 춶 15,50,000 10,00,000

H$a Xa 50%

VwbZmË‘H$ bm^-hm{Z {ddaU V¡¶ma H$s{OE & 4

67/1/3 21 P.T.O.
 Prepare a Common-Size Statement of Profit and Loss of ‘Hari Darshan
Ltd.’ from the following information :
Note 2018 − 19 2017 − 18
Particulars
No. (<) (<)
Revenue from Operations 20,00,000 10,00,000
Purchase of Stock in Trade 7,70,000 4,20,000
Changes in Inventories 1,20,000 80,000
Other Expenses 52,000 30,000
Other Incomes 60,000 50,000
Tax Rate 50%

OR
Following information is extracted from the Statement of Profit and Loss
of Delko Ltd. for the year ended 31st March, 2019 :
2018 − 19 2017 − 18
Particulars
(<) (<)
Revenue from Operations 60,00,000 45,00,000
Employee Benefit Expenses 30,00,000 22,50,000
Depreciation 7,50,000 6,00,000
Other Expenses 15,50,000 10,00,000
Tax Rate 50%
Prepare Comparative Statement of Profit and Loss.

22. Xr JB© gyMZm go {ZåZ{b{IV AZwnmVm| H$s JUZm H$s{OE : 4

(i) àMmbZ AZwnmV
(ii) ñQ>m°H$ AmdV© AZwnmV
gyMZm :
àMmbZm| go ZJX AmJ‘ : < 10,00,000
àMmbZm| go CYma AmJ‘ : àMmbZm| go ZJX AmJ‘ H$m 120%
àMmbZ 춶 : àMmbZm| go Hw$b AmJ‘ H$m 10%
gH$b bm^ H$s Xa : 40%
Amapå^H$ ñQ>m°H$ : < 1,50,000
ApÝV‘ ñQ>m°H$ : Amapå^H$ ñQ>m°H$ go < 20,000 A{YH$
AWdm
67/1/3 22
 (H$) ã¶mO VWm H$a níMmV² E‘ {b{‘Q>oS> H$m ewÕ bm^ < 1,00,000 Wm & BgH$s Mmby
n[agån{Îm¶m± < 4,00,000 Wt VWm Mmby Xo¶VmE± < 2,00,000 Wt & H$a Xa 50%
Wr & BgH$s Hw$b n[agån{Îm¶m± < 10,00,000 Wt VWm 10% XrKm©d{Y G$U
< 4,00,000 Wm &
{Zdoe na à˶m¶ H$s JUZm H$s{OE &
(I) EH$ H$ånZr H$s àMmbZ go AmJ‘ na gH$b bm^ Xa 25% h¡ & BgH$m gH$b bm^
< 5,00,000 h¡ & BgH$m A§eYmaH$ H$mof < 25,00,000 h¡; AMb Xo¶VmE±
< 8,00,000 VWm AMb n[agån{Îm¶m± < 23,00,000 h¡ &
BgH$s H$m`©erb ny±Or AmdV© AZwnmV H$s JUZm H$s{OE & 4

From the given information, calculate the following ratios :

(i) Operating Ratio
(ii) Inventory Turnover Ratio
Information :
Cash Revenue from Operations : < 10,00,000
Credit Revenue from Operations : 120% of Cash Revenue from
Operations
Operating Expenses : 10% of Total Revenue from
Operations
Rate of Gross Profit : 40%
Opening Inventory : < 1,50,000
Closing Inventory : < 20,000 more than Opening
Inventory
OR
(A) Net profit after interest and tax of M Ltd. was < 1,00,000. Its
Current Assets were < 4,00,000 and Current Liabilities were
< 2,00,000. Tax rate was 50%. Its Total Assets were < 10,00,000
and 10% Long term debt was < 4,00,000.
Calculate Return on Investment.
(B) Rate of Gross profit on Revenue from operations of a company is
25%. Its Gross profit is < 5,00,000. Its Shareholders’ Funds are
< 25,00,000; Non-current Liabilities are < 8,00,000 and
Non-current Assets are < 23,00,000.
Calculate its Working Capital Turnover Ratio.

67/1/3 23 P.T.O.
23. 31 ‘mM©, 2018 H$mo
E³g {b{‘Q>oS> H$m pñW{V {ddaU {ZåZ{b{IV àH$ma go Wm :
EŠg {b{_Q>oS>
31 _mM©, 2018 H$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 19,00,000 17,00,000

(~) g§M` Ed§ Am{YŠ` 1 6,00,000 3,00,000

2. AMb Xo`VmE± :
XrK©H$mbrZ G$U 2 5,00,000 4,00,000
3. Mmby Xo`VmE± :
(A) Aënmd{Y G$U 3 1,70,000 1,75,000

(~) Aënmd{Y àmdYmZ 4 2,00,000 1,65,000

Hw$b 33,70,000 27,40,000

II – n[agån{Îm`m± :
1. AMb n[agån{Îm`m± :
(A) ñWm`r n[agån{Îm`m± :
(i) _yV© n[agån{Îm`m± 5 24,00,000 19,00,000

(ii) A_yV© n[agån{Îm`m± 6 2,00,000 3,00,000

(~) AMb {d{Z¶moJ 3,00,000 2,00,000

2. Mmby n[agån{Îm`m± :
(A) Mmby {d{Z¶moJ 1,40,000 1,70,000
(~) (ñQ>m°H$) _mb-gyMr 2,60,000 1,30,000
(g) amoH$‹S> Ed§ amoH$‹S> Vwë` 70,000 40,000
Hw$b 33,70,000 27,40,000

67/1/3 24
 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$m
eof) 6,00,000 3,00,000
6,00,000 3,00,000
2. XrK©H$mbrZ G$U :
12% G$UnÌ 5,00,000 4,00,000
5,00,000 4,00,000
3. Aënmd{Y G$U :
~¢H$ A{Y{dH$f© 1,70,000 1,75,000
1,70,000 1,75,000
4. Aënmd{Y àmdYmZ :
H$a Ho$ {bE àmdYmZ 2,00,000 1,65,000
2,00,000 1,65,000
5. _yV© n[agån{Îm`m± :
_erZar 26,00,000 20,00,000
KQ>m : EH${ÌV (g§{MV) _yë`õmg (2,00,000) (1,00,000)
24,00,000 19,00,000
6. A_yV© n[agån{Îm`m± :
Ȧm{V 2,00,000 3,00,000
2,00,000 3,00,000

A{V[aº$ gyMZm :

(i) < 1,00,000 Ho$ 12% G$UnÌm| H$m {ZJ©‘Z 1 Aà¡b, 2017 H$mo {H$¶m J¶m &

(ii) df© ‘| < 80,000 bmJV H$s EH$ ‘erZar {Og na EH${ÌV ‘yë¶õmg < 40,000 Wm
H$mo < 10,000 Ho$ bm^ na ~oMm J¶m &

amoH$‹S> àdmh {ddaU V¡¶ma H$s{OE & 6

67/1/3 25 P.T.O.
 Following is the Balance Sheet of X Ltd. as at 31st March, 2018 :

X 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 19,00,000 17,00,000
(b) Reserves and Surplus 1 6,00,000 3,00,000
2. Non-Current Liabilities :
Long-term Borrowings 2 5,00,000 4,00,000
3. Current Liabilities :
(a) Short-term Borrowings 3 1,70,000 1,75,000
(b) Short-term Provisions 4 2,00,000 1,65,000
Total 33,70,000 27,40,000
II – Assets :

1. Non-Current Assets :
(a) Fixed Assets :
(i) Tangible Assets 5 24,00,000 19,00,000
(ii) Intangible Assets 6 2,00,000 3,00,000
(b) Non-Current Investments : 3,00,000 2,00,000

2. Current Assets :
(a) Current Investments 1,40,000 1,70,000
(b) Inventories 2,60,000 1,30,000
(c) Cash and cash equivalents 70,000 40,000

Total 33,70,000 27,40,000

67/1/3 26
 Notes to Accounts :
Note 31.3.2018 31.3.2017
Particulars
No. < <
1. Reserves and Surplus :
(Surplus i.e. Balance in
Statement of Profit and Loss) 6,00,000 3,00,000
6,00,000 3,00,000
2. Long-term Borrowings :
12% Debentures 5,00,000 4,00,000
5,00,000 4,00,000
3. Short-term Borrowings :
Bank Overdraft 1,70,000 1,75,000
1,70,000 1,75,000
4. Short-term Provisions :
Provision for Tax 2,00,000 1,65,000
2,00,000 1,65,000
5. Tangible Assets :
Machinery 26,00,000 20,00,000
Less : Accumulated Depreciation (2,00,000) (1,00,000)
24,00,000 19,00,000
6. Intangible Assets :
Goodwill 2,00,000 3,00,000
2,00,000 3,00,000

Additional Information :
(i) < 1,00,000, 12% Debentures were issued on 1 April, 2017.
(ii) During the year, a piece of machinery costing < 80,000 on which
accumulated depreciation was < 40,000 was sold at a gain of
< 10,000.
Prepare a Cash Flow Statement.

67/1/3 27 P.T.O.
 IÊS> I
{dH$ën II
(A{^H${bÌ boIm§H$Z)
PART B
OPTION II
(Computerised Accounting)

18. boIm§H$Z boZXoZ ‘| S>oQ>m KQ>H$ H$m Zm‘ ~VmBE & 1

Name the data element in accounting transaction.

19. ‘àmW{‘H$ Hw±$Or (H$s)’ (Primary Key) H$m ³¶m AW© h¡ ? 1

What is meant ‘Primary Key’ ?

20. EH$ AÀN>o boIm§H$Z gm°âQ>do¶a H$s {deofVmAm| H$m C„oI H$s{OE & 4
AWdm
‘H$å߶yQ´>rH¥$V boIm§H$Z nÕ{V’ H$s ñWmnZm ‘| g{Þ{hV MaUm| H$m C„oI H$s{OE & 4
State the features of a good accounting software.
OR
State the steps involved in installation of ‘Computerised accounting
system’.

21. ‘nmgdS>© {g³¶mo[aQ>r’ (Password Security) VWm ‘S>oQ>m dm°ëQ>’ (Data Vault) eãXm| H$mo
g‘PmBE & 4
Explain the terms ‘Password Security’ and ‘Data Vault’.

22. ‘H«$‘mZwJV’ (Sequential) VWm ‘ñ‘¥{V-{df¶H$’ (Mnemonic) H$moS²>g H$mo g‘PmBE & 4
AWdm
dV©‘mZ no-amob Ad{Y ‘| ‘Am¶’ H$s JUZm H$aVo g‘¶ ܶmZ ‘| aIo OmZo dmbo KQ>H$ H$m
C„oI H$s{OE & 4
Explain ‘Sequential’ and ‘Mnemonic’ codes.
OR
State the element which is considered while calculating ‘earning’ for
current payroll period.

23. Cg Aew{Õ H$s nhMmZ H$s{OE Omo Cg g‘¶ àH$Q> hmoVm h¡ O~ H$m¶© (function) d gyÌ ‘|
Ad¡Y g§»¶mË‘H$ ‘yë¶ hmoVo h¢ & Bg Aew{Õ H$mo ewÕ H¡$go {H$¶m Om gH$Vm h¡ ? ñnï>
H$s{OE & 6
Identify the error that appears when there are invalid numeric values in
a formula or function. How can this error be rectified ? Explain.

67/1/3 28