ACCOUNTANCY

boImßH$Z
( Principles and Practice of Financial Accounting )
( {dŒmr` boImßH$Z Ho$ {g’m›V Edß Ï`dhma )
(320)
Time : 3 Hours ] [ Maximum Marks : 100
g_` : 3 K Q>o ] [ nyUm™H$ : 100

Note : (i) This Question Paper consists of two Sections, viz., ‘A’ and ‘B’.
(ii) All questions from Section ‘A’ are to be attempted.
(iii) Section ‘B’ has got more than one option. Candidates are required to
attempt questions from one option only.

{ZX}e : (i) Bg ‡ÌZ-nà _| Xmo I S> h¢—I S> "A' Edß I S> "~'ü&
(ii) I S> "A' Ho$ g^r ‡ÌZm| H$mo hb H$aZm h°ü&
(iii) I S> "~' _| EH$ go A{YH$ {dH$În h¢ü& narjm{W©`m| H$mo Ho$db EH$ {dH$În Ho$ hr ‡ÌZm| Ho$ CŒma XoZo h¢ü&

SECTION–A
I S>–A
1. Give the meaning of Trial Balance. 1

VbnQ> H$m AW© ~VmBEü&

2. Define ‘goodwill’. 1

ª`m{V H$s n[a^mfm Xr{OEü&

3. What is meant by ‘undersubscription of shares’? 1

Aßem| Ho$ AÎn-A{^XmZ H$m ä`m AW© h°?

4. A Journal entry contains one debit and one credit. Can there be an entry which
contains two debits and one credit? When is such entry made? Give an
example. 2

EH$ amoµOZm_Mm ‡{d{Ô> _| EH$ Zm_ H$m Am°a EH$ O_m H$m ImVm hmoVm h°ü& ä`m EH$ ‡{d{Ô> Eogr hmo gH$Vr h°,
{Og_| Xmo Zm_ ImVo Am°a EH$ O_m ImVm hmo? Eogr ‡{d{Ô> H$~ ~ZmB© OmVr h°? H$moB© EH$ CXmhaU Xr{OEü&

320/OSS/212A 2
 5. “Accounting equation remains intact under all circumstances.” Justify the
statement with the help of an example. 2

""boIm g_rH$aU g^r n[apÒW{V`m| _| ~Zm ahVm h°ü&'' CXmhaU XoH$a Bg H$WZ H$mo C{MV R>hamBEü&

6. Explain, in brief, the basic requirements of computerised accounting system. 2

H$Âfl`yQ>arH•$V boImßH$Z ‡Umbr H$s AmYma^yV AmdÌ`H$VmAm| H$mo gßjon _| g_PmBEü&

7. What is meant by ‘capital expenditure’? Give any two examples of capital

expenditure. 2

ny±OrJV Ï`` H$m ä`m AW© h°? ny±OrJV Ï`` Ho$ H$moB© Xmo CXmhaU Xr{OEü&

8. Differentiate between Receipts & Payments Account and Income & Expenditure
Account on the basis of—
(a) Nature;

(b) Opening Balance. 2

‡m{· Edß ^wJVmZ ImVm VWm Am` Edß Ï`` ImVm _| {ZÂZ Ho$ AmYma na A›Va ~VmBE Ö
(H$) ‡H•${V
(I) ‡mapÂ^H$ eof

9. Maya and Nirmal are partners in a firm, but there is no partnership deed.
Following are the claims made by Maya which are not acceptable to Nirmal :

(i) Maya wants a salary of Rs 5,000 per month as she devotes full time to
the business

(ii) She wants interest @ 18% p.a. on the loan she has given to the firm
How will you deal with them? Give reasons in support of your answer. 2

_m`m Edß {Z_©b EH$ \$_© _| gmPoXma h¢, bo{H$Z \$_© H$m H$moB© gmPoXmar gßboI Zht h°ü& ZrMo _m`m ¤mam {H$E
J`o Xmdo {X`o J`o h¢ Omo {Z_©b H$mo ÒdrH$ma Zht h°ü:
(i) _m`m Ï`dgm` _| nyam g_` bJmVr h°, Bg{bE CgH$s 5,000 È0 ‡{V _mh doVZ H$s _m±J h°
(ii) CgHo$ ¤mam \$_© H$mo {XE J`o G$U na dh 18% dm{f©H$ go „`mO MmhVr h°
Amn BZH$m {H$g ‡H$ma go g_mYmZ H$a|Jo? AnZo CŒma Ho$ g_W©Z _| H$maU Xr{OEüü&

320/OSS/212A 3 [ P.T.O.
10. State the meaning of ‘Accounting Cost Concept’. Give any two points of its
significance. 4

"boImßH$Z bmJV AdYmaUm' H$m AW© ~VmBEü& {H$›ht Xmo {~›XwAm| H$mo boH$a BgHo$ _hŒd H$m CÑoI H$s{OEü&

11. State two advantages and two disadvantages of ‘Accrual Basis of Accounting’. 4

"CnmO©Z AmYm[aV boImßH$Z' Ho$ Xmo bm^ Edß Xmo hm{Z`m| H$m CÑoI H$s{OEü&

12. Prepare a Bank Column Cash Book from the following particulars : 4

Date Details Amount

2011 Rs

January 1 Cash in hand 1,800

Cash at bank 3,650
” 8 Received cheque from Kamal and paid
into the bank on the same day 18,000
” 12 Paid to Nidan by cheque 12,000
” 18 Cash sales 15,000
” 22 Cash deposited in the bank 12,000
” 28 Withdrew cash from bank for personal use 4,200

{ZÂZ{b{IV {ddaUm| go ~¢H$ ÒVÂ^r` amoH$ãS> ~hr ~ZmBE Ö

{V{W {ddaU am{e
2011 È0
OZdar 1 hÒVÒW amoH$ãS> 1,800
~¢H$ _| amoH$ãS> 3,650
” 8 H$_b go M°H$ ‡m· h˛Am {Ogo Cgr {XZ ~¢H$ _| O_m H$am {X`m J`m 18,000
” 12 {ZXmZ H$mo M°H$ ¤mam ^wJVmZ {H$`m 12,000
” 18 ZH$X {~H´$s 15,000
” 22 ~¢H$ _| amoH$ãS> O_m H$s 12,000
” 28 {ZOr Cn`moJ hoVw ~¢H$ go am{e {ZH$mbr 4,200

320/OSS/212A 4
13. R. B. Traders maintains special Journals as well as Journal Proper. Out of the
transactions given below, which will be recorded in Journal Proper? Record
those transactions in the Journal Proper. 4
(i) Purchased furniture from M/s. Decorators—Rs 7,800
(ii) Paid salary for the month—Rs 12,000
(iii) Depreciation charged on Machinery—Rs 3,200
(iv) Paid to Rajesh, a creditor, by cheque—Rs 6,400
(v) Goods withdrawn by proprietor for personal use—Rs 4,000
(vi) Not recovered from Sudhir, a debtor—Rs 1,600

Ama0 ~r0 Q¥>oS>g© {d{eÔ> amoµOZm_Mm Edß _wª` amoµOZm_Mm aIVo h¢ü& ZrMo {XE J`o boZXoZm| _| go H$m°Z-go boZXoZm|
H$m A{^boIZ _wª` amoµOZm_Mm _| {H$`m Om`oJm? CZ boZXoZm| H$m _wª` amoµOZm_Mm _| A{^boIZ H$s{OE :
(i) _°0 S>oH$moaoQ>g© go \$ZuMa IarXm—7,800 È0
(ii) _mh Ho$ doVZ H$m ^wJVmZ {H$`m—12,000 È0
(iii) _erZm| na Adj`U bJm`m—3,200 È0
(iv) boZXma amOoe H$mo M°H$ ¤mam ^wJVmZ {H$`m—6,400 È0
(v) Ï`dgm` Ho$ Òdm_r Zo {ZOr Cn`moJ Ho$ {bE _mb {b`m—4,000 È0
(vi) XoZXma gwYra go dgybr Zht hmo gH$s—1,600 È0

14. Make necessary Journal entries to rectify the following errors : 4

(i) Purchases Book is overcast by Rs 1,000
(ii) Goods purchased on credit for Rs 8,000 from Rinkoo was entered in the
Sales Book
(iii) Furniture purchased from M/s. Furniture House for Rs 12,800 was
entered in the Purchases Book

{ZÂZ boImßH$Z Aew{’`m| Ho$ emoYZ H$s amoµOZm_Mm ‡{d{Ô>`m± H$s{OE Ö

(i) H´$` ~hr H$m `moJ 1,000 È0 A{YH$ bJm`m J`m
(ii) [a®Hy$ go 8,000 È0 H$m _mb CYma IarXm {OgH$s {dH´$` ~hr _| ‡{d{Ô> H$s JB©
(iii) 12,800 È0 H$m _°0 \$ZuMa hm∞Cg go \$ZuMa IarXm {OgH$mo H´$` ~hr _| {bI {X`m J`mü

320/OSS/212A 5 [ P.T.O.
15. How will you show the following in the Income and Expenditure Account for the
year ended on 31st March, 2011? 4

Rs
Rent paid during 2010–2011 8,000
Rent due in 2010-2011 800
Rent paid in 2009–2010 for 2010-2011 1,200
Rent due of 2009-2010 paid in 2010-2011 1,000
Advance rent paid in 2010-2011 for 2011-2012 1,600

{ZÂZ{b{IV H$mo Amn 31 _mM©, 2011 H$mo g_m· df© Ho$ {bE Am` Edß Ï`` ImVo _| {H$g ‡H$ma go
Xem©E±Joü?

È0
2010–2011 _| {H$amE H$m ^wJVmZ {H$`m 8,000
2010-2011 _| AXŒm {H$am`m 800
2009–2010 _| 2010-2011 Ho$ {bE {H$amE H$m ^wJVmZ 1,200
2009–2010 Ho$ AXŒm {H$amE H$m 2010-2011 _| ^wJVmZ 1,000
2010-2011 _| 2011-2012 Ho$ {bE {H$amE H$m A{J´_ ^wJVmZ 1,600

16. Write any four amounts to be credited to deceased partner’s Capital Account to
ascertain the amount payable to his/her legal representatives. 4

_•VH$ gmPoXma Ho$ H$mZyZr CŒmam{YH$m[a`m| H$mo Xo` am{e H$m {ZYm©aU H$aZo Ho$ {bE CgHo$ ny±Or ImVo Ho$ O_m _|
{XImB© OmZodmbr {H$›ht Mma am{e`m| H$mo {b{IEü&

17. Apex Ltd. forfeited 800 shares of Rs 10 each, issued at a premium of Rs 5

per share. The holder of these shares has paid Rs 4 per share as application
money. He has not paid the allotment money of Rs 8 per share (including
premium) and call money of Rs 3 per share. Out of 800 forfeited shares,
600 shares were reissued for Rs 6,400.
Make necessary Journal entries in the books of the company. 4

En°äg {b0 Zo 10 È0 ‡{V Ho$ 5 È0 ‡{V Aße ‡r{_`_ na {ZJ©{_V 800 Aßem| H$mo O„V H$a {b`mü& BZ
Aßem| Ho$ YmaH$ Zo 4 È0 ‡{V Aße go AmdoXZ am{e H$m ^wJVmZ {H$`m Wmü& CgZo 8 È0 ‡{V Aße ({Og_|
‡r{_`_ gpÂ_{bV h°) Am~ßQ>Z am{e Edß 3 È0 ‡{V Aße `mMZm am{e H$m ^wJVmZ Zht {H$`mü&
O„V {H$`o J`o BZ 800 Aßem| _| go 600 Aßem| H$m 6,400 È0 _| nwZÖ {ZJ©_Z H$a {X`m J`mü&
H$ÂnZr H$s boIm nwÒVH$m| _| AmdÌ`H$ amoµOZm_Mm ‡{d{Ô>`m± H$s{OEü&

320/OSS/212A 6
18. The Bank Pass Book of M/s. S. M. and Sons showed a debit balance of
Rs 24,800 on 30th June, 2010. While comparing the bank-related transactions
of the firm in its Cash Book with Bank Pass Book the following differences
were found :

(i) Cheques of Rs 18,000 were issued by the firm by the end of June, 2010,
of which cheques of Rs 7,600 were presented in July, 2010

(ii) Cheques amounting to Rs 21,800 were paid into bank in the last week of
the month but cheques of Rs 12,500 only were collected and credited

(iii) A customer had deposited Rs 14,200 directly in the bank account of the
firm but was not debited in the Cash Book

(iv) The bank has paid Rs 4,000 as insurance premium, but is not recorded in
the Cash book

(v) There appears items of Rs 450 as interest charged by the bank and Rs 360
as bank charges
Prepare Bank Reconciliation Statement as on 30th June, 2010. 6

_°0 Eg0 E_0 Eo S> g›g H$s ~¢H$ nmg ~wH$ ¤mam 30 OyZ, 2010 H$mo 24,800 È0 H$m Zm_ eof Xem©`m
J`m h°ü& \$_© H$s amoH$ãS> ~hr _| ~¢H$ go gÂ~p›YV A{^{b{IV boZXoZm| H$m nmg ~wH$ go {_bmZ H$aZo na
{ZÂZ{b{IV A›Va nm`o J`o Ö

(i) \$_© ¤mam 18,000 È0 Ho$ M°H$ OyZ, 2010 Ho$ A›V _| Omar {H$`o J`o Wo, {OZ_| go 7,600 È0 Ho$
M°H$ OwbmB©, 2010 _| ^wJVmZ Ho$ {bE ‡ÒVwV {H$`o J`o

(ii) 21,800 È0 Ho$ M°H$ _hrZo Ho$ Ap›V_ g·mh _| ~¢H$ _| O_m {H$`o J`o, bo{H$Z Ho$db 12,500 È0
Ho$ M°H$m| H$s hr dgybr h˛B© Am°a O_m {H$`o J`o

(iii) EH$ J´mhH$ Zo 14,200 È0 H$s am{e \$_© Ho$ ~¢H$ ImVo _| grYo hr O_m H$am Xr, {OgH$mo amoH$ãS> ~hr _|
Zm_ _| A^r Zht {bIm J`m

(iv) ~¢H$ Zo 4,000 È0 Ho$ ~r_m ‡r{_`_ H$m ^wJVmZ {H$`m, {OgH$m amoH$ãS> ~hr _| A{^boIZ Zht
{H$`m J`m

(v) 450 È0 ~¢H$ ¤mam „`mO Ho$ VWm 360 È0 ~¢H$ Ï`` Ho$ bJmE JE h¢

30 OyZ, 2010 H$mo ~¢H$ g_mYmZ {ddaU V°`ma H$s{OEü&

320/OSS/212A 7 [ P.T.O.
19. On 01.01.2007 M/s. Health Care Pharmaceuticals Ltd. issued 1000,
10% Debentures of Rs 1,000 each at a discount of 9%. The debentures were
redeemable in yearly instalments of Rs 2,00,000 starting from the end of the
first year.
Prepare the statement showing amount of discount on issue of debentures to
be written off each year and prepare Discount on Issue of Debenture Account
for the years 2007, 2008 and 2009. 6

_°0 hoÎW Ho$`a \$m_m©Ò`y{Q>H$Îg {b0 Zo 01.01.2007 H$mo 1000, 10% G$Unà 1,000 È0 ‡{V G$UnÃ
9% Ho$ ~≈>o na Omar {H$`oü& G$UnÃm| H$m emoYZ ‡W_ df© Ho$ A›V go ‡maÂ^ 2,00,000 È0 H$s dm{f©H$
{H$ÌVm| _| hmoZm Wmü&

{ddaU V°`ma H$s{OE {Og_| ‡{V df© An{b{IV H$s OmZodmbr G$UnÃm| Ho$ {ZJ©_Z na ~≈>o H$s am{e Xem©B© JB©
hmo VWm df© 2007, 2008 Edß 2009 H$m G$Unà {ZJ©_Z na ~≈>m ImVm ~ZmBEü&

20. M/s. M. B. Telecom Ltd. offered to public for subscription 50000 shares of
Rs 100 each at a premium of Rs 20 per share. The amount was payable as
follows :
On Application—Rs 25 per share
On Allotment—Rs 70 per share (including Rs 20 as premium)
On Call—Rs 25 per share
Applications were received for 75000 shares. Shares were allotted to the
applicants on pro rata basis. Rohit Bhai, who was allotted 500 shares, did not
pay the allotment money. On his subsequent failure to pay the call money, his
shares were forfeited. Remaining call money was duly received.
Make Journal entries for the above transactions in the books of the company. 6

_°0 E_0 ~r0 Q>obrH$m∞_ {b0 Zo 100 È0 ‡{V Aße Ho$ 50000 Aße 20 È0 ‡{V Aße ‡r{_`_ na
OZgmYmaU H$mo A{^XmZ hoVw ‡ÒVm{dV {H$`oü& {OZ na ^wJVmZ Bg ‡H$ma {H$`m OmZm Wm Ö
AmdoXZ na—25 È0 ‡{V Aße
Am~ßQ>Z na—70 È0 ‡{V Aße (20 È0 ‡r{_`_ g{hV)
`mMZm na—25 È0 ‡{V Aße
75000 Aßem| Ho$ {bE AmdoXZ ‡m· h˛Eü& AmdoXH$m| H$mo Aßem| H$m Am~ßQ>Z AmZwnm{VH$ AmYma na {H$`m J`mü&
amo{hV ^mB©, {OgH$mo 500 Aße Am~ß{Q>V {H$`o J`o Wo, Zo Am~ßQ>Z am{e H$m ^wJVmZ Zht {H$`mü& CgHo$ nÌMmV≤
`mMZm am{e Ho$ ^wJVmZ Z H$aZo na CgHo$ Aßem| H$mo O„V H$a {b`m J`mü& eof g^r `mMZm am{e `Wm`moΩ`
‡m· h˛B©ü&

Cnamo∫$ boZXoZm| H$s H$ÂnZr H$s boIm nwÒVH$m| _| amoµOZm_Mm ‡{d{Ô>`m± H$s{OEü&

320/OSS/212A 8
21. From the following Trial Balance and additional information of M/s. Vikram
Brothers, prepare Trading and Profit & Loss Account for the year ended on
31st March, 2011 and the Balance Sheet as on that date : 10

Trial Balance as on 31.03.2011

Particulars Dr. Balances Cr. Balances

Rs Rs

Stock (01.04.2010) 18,000 —

Purchases and Sales 1,20,000 1,98,000
Capital — 80,000
Drawings 18,000 —
Wages 8,000 —
Salary 24,000 —
Insurance 6,800 —
Discount Received — 800
Interest on Loan 2,000 —
Bad Debts 700 —
Cash 12,000 —
Carriage Outward 1,500 —
Plant & Machinery 42,000 —
Land & Building 65,000 —
Loan from Bank (10% p.a.) — 40,000
Debtors and Creditors 26,000 25,200

3,44,000 3,44,000

Additional Information :

(i) Stock on 31.03.2011—Rs 24,800

(ii) Machinery to be depreciated @ 10% p.a. and Building @ 2% p.a.

(iii) Wages outstanding amounted to Rs 600 and Salary outstanding is

Rs 2,000

(iv) Provision is to be made on Debtors @ 5% for Doubtful Debts

(v) Bank Loan was taken on 01.04.2010

320/OSS/212A 9 [ P.T.O.
 OR

Following is the Receipts and Payments Account of Super Sports Club for the
year ending on 31.03.2011 :

Receipts and Payments Account

as on 31.03.2011

Receipts Amount Payments Amount

Rs Rs

Cash Balance b/d 3,200 Refreshment 4,500

Entrance Fees 800 Rent of Ground 6,000
Subscriptions 14,000 Wages 2,400
Donations 9,000 Telephone Charges 1,200
Life Membership Fees 2,500 Fees paid to Coaches 6,800
Interest 240 Miscellaneous Expenses 2,400
Profit from Entertainment 2,800 Fixed Deposit
(@ 10% p.a. on 01.10.2010) 8,000
Balance c/d 1,240

32,540 32,540

At the beginning of the year, the club possessed Books of Rs 5,000 and
Furniture of Rs 2,500
Subscription in arrears at the beginning of the year was Rs 1,800 and at the
end of the year was Rs 1,200
Rent of Rs 1,000 was due at the end of the year
Provide Depreciation of Rs 100 on Books and Rs 250 on Furniture
Prepare Income and Expenditure Account of the club for the year ended on
31.03.2011 and the Balance Sheet as on that date.

320/OSS/212A 10
 _°0 {dH´$_ ~´Xg© Ho$ ZrMo {X`o J`o VbnQ> Edß A{V[a∫$ gyMZm go 31 _mM©, 2011 H$mo g_m· df© Ho$ {bE
Ï`mnma ImVm Edß bm^-hm{Z ImVm ~ZmBE VWm Cgr {V{W H$mo pÒW{V {ddaU ~ZmBE Ö

{ddaU O_m eof Zm_ eof

È0 È0
ÒQ>m∞H$ (01.04.2010) 18,000 —
H´$` Edß {dH´$` 1,20,000 1,98,000
ny±Or — 80,000
AmhaU 18,000 —
_OXyar 8,000 —
doVZ 24,000 —
~r_m 6,800 —
~≈>m ‡m· — 800
G$U na „`mO 2,000 —
Sy>~V G$U 700 —
amoH$ãS> 12,000 —
~m¯ ^mãS>m 1,500 —
gß`Ãß Edß _erZar 42,000 —
^y{_ Edß ^dZ 65,000 —
~¢H$ G$U (10% p.a.) — 40,000
XoZXma Edß boZXma 26,000 25,200

3,44,000 3,44,000

A{V[a∫$ gyMZm Ö

(i) 31.03.2011 H$mo ÒQ>m∞H$ 24,800 È0 h°

(ii) _erZar na 10% dm{f©H$ Edß ^dZ na 2% dm{f©H$ H$s Xa go Adj`U bJmZm h°
(iii) AXŒm _OXyar 600 È0 VWm AXŒm doVZ 2,000 È0 h°
(iv) XoZXmam| na 5% go gß{XΩY G$Um| Ho$ {bE ‡mdYmZ H$aZm h°
(v) ~¢H$ go G$U 01.04.2010 H$mo {b`m J`m Wm

320/OSS/212A 11 [ P.T.O.
 AWdm
ZrMo gwna ÒnmoQ≤>©g äb~ H$m 31.03.2011 H$mo g_m· df© Ho$ {bE ‡m{· Edß ^wJVmZ ImVm {X`m J`m h° :

gwna ÒnmoQ≤>©g äb~ H$m ‡m{· Edß ^wJVmZ ImVm

31.03.2011 H$mo

‡m{·`m± am{e ^wJVmZ am{e

È0 È0

amoH$ãS> eof b/d 3,200 ObnmZ 4,500

‡doe-ewÎH$ 800 J´mC›S> H$m {H$am`m 6,000
MßXm 14,000 _OXyar 2,400
XmZ 9,000 Q>obr\$moZ Ï`` 1,200
AmOrdZ gXÒ`Vm-ewÎH$ 2,500 ‡{ejH$m| H$s \$sg 6,800
„`mO 240 {d{^fi Ï`` 2,400
_ZmoaßOZ go bm^ 2,800 gmd{Y O_m
(10% dm{f©H$ go 01.10.2010) 8,000
eof c/d 1,240

32,540 32,540

äb~ Ho$ nmg df© Ho$ ‡maÂ^ _| 5,000 È0 H$s nwÒVH|$$ Edß 2,500 È0 H$m \$ZuMa Wm
df© Ho$ ‡maÂ^ _| AXŒm MßXm 1,800 È0 VWm df© Ho$ A›V _| 1,200 È0 Wm
df© Ho$ A›V _| 1,000 È0 {H$amE H$m Xo` Wm
nwÒVH$m| na 100 È0 VWm \$ZuMa na 250 È0 Adj`U bJmBE
31.03.2011 H$mo g_m· df© Ho$ {bE äb~ H$m Am` Edß Ï`` ImVm ~ZmBE VWm Cgr {V{W H$mo pÒW{V-
{ddaU ~ZmBEü&

320/OSS/212A 12
22. Gunakshi and Apoorva are partners of a firm sharing profits and losses in the
ratio of 5 : 3. On 31st March, 2011 their Balance Sheet was as follows : 10

Balance Sheet of Gunakshi and Apoorva

as on 31.03.2011

Liabilities Amount Assets Amount

Rs Rs

Capital : Bank 10,000

Gunakshi 80,000 Sundry Debtors 45,000
Apoorva 64,000 Stock 35,000
Sundry Creditors 31,000 Machinery 40,000
Reserve 32,000 Building 45,000
Goodwill 32,000

2,07,000 2,07,000

On that date they admitted Bhoomika as a partner on the following terms :

(i) Bhoomika brings Rs 40,000 as her Capital and Rs 12,000 for Goodwill for
1 share of profit in the firm
4

(ii) Stock is valued at Rs 40,000

(iii) Prepaid Insurance is Rs 1,000

(iv) Building is appreciated by 12% and Machinery is depreciated by 12%

(v) A provision for Doubtful Debts is made on Debtors at 4%

Prepare Revaluation Account, Partners’ Capital Accounts and Balance Sheet of

the new firm. 10

320/OSS/212A 13 [ P.T.O.
 OR

Sania and Sayana are equal partners in a firm. On 31st March, 2011, their
Balance Sheet was as under :

Balance Sheet of Sania and Sayana

as on 31.03.2011

Liabilities Amount Assets Amount

Rs Rs

Sundry Creditors 54,000 Cash at Bank 22,000

Reserve Fund 20,000 Sundry Debtors 24,000
Loan 60,000 Stock 54,000
Capital : Furniture 40,000
Sania 80,000 Plant 74,000
Sayana 80,000 1,60,000 Land 80,000

2,94,000 2,94,000

On that date partners decided to dissolve the partnership. Assets were realised
as follows :
Land—Rs 1,20,000
Furniture—Rs 20,000
Stock—Rs 42,000
Plant—Rs 44,000
Debtors at 10% less
The creditors were settled at Rs 50,000 and were paid
Loan was paid in full
Expenses of realisation amounted to Rs 6,000
Prepare Realisation Account, Partners’ Capital Accounts and Bank Account to
close the books of the firm.

320/OSS/212A 14
 JwUmjr Am°a Anydm© EH$ \$_© _| gmPoXma h¢ Am°a bm^-hm{Z H$m ~±Q>dmam 5:3 Ho$ AZwnmV _| H$aVr h¢ü&
31 _mM©, 2011 H$mo CZH$m pÒW{V-{ddaU Bg ‡H$ma WmüÖ

JwUmjr Am°a Anydm© H$m pÒW{V-{ddaU

31 _mM©, 2011 H$mo

Xo`VmE± am{e n[agÂn{Œm`m± am{e

È0 È0

ny±Or : ~¢H$ 10,000

JwUmjr 80,000 {d{^fi XoZXma 45,000
Anydm© 64,000 ÒQ>m∞H$ 35,000
{d{^fi boZXma 31,000 _erZar 40,000
gßM` 32,000 ^dZ 45,000
ª`m{V 32,000

2,07,000 2,07,000

Bg {V{W H$mo C›hm|Zo ^y{_H$m H$mo {ZÂZ eVm] na EH$ gmPr Ho$ Í$n _| ‡doe {X`m :

(i) ^y{_H$m 40,000 È0 ny±Or Ho$ VWm 12,000 È0 \$_© Ho$ bm^ _| 1 {hÒgoXmar Ho$ {bE ª`m{V Ho$ bmB©
4

(ii) ÒQ>m∞H$ H$m _yÎ` 40,000 È0 Am±H$m J`m

(iii) nyd©XŒm ~r_m 1,000 È0 h°

(iv) ^dZ Ho$ _yÎ` _| 12% H$s ~ãT>moVar H$s JB© VWm _erZar na 12% H$m Adj`U bJm`m J`m

(v) XoZXmam| na 4% go gß{XΩY G$Um| Ho$ {bE ‡mdYmZ H$aZm h°

nwZ_y©Î`mßH$Z ImVm, gmPoXmam| Ho$ ImVo VWm ZE \$_© H$m pÒW{V-{ddaU ~ZmBEü&

320/OSS/212A 15 [ P.T.O.
 AWdm
gm{Z`m Am°a gm`Zm EH$ \$_© _| ~am~a H$s gmPoXma h¢ü& 31 _mM©, 2011 H$mo CZH$m pÒW{V-{ddaU
{ZÂZ Wm :

gm{Z`m Am°a gm`Zm H$m pÒW{V-{ddaU

31 _mM©, 2011 H$mo

Xo`VmE± am{e n[agÂn{Œm`m± am{e

È0 È0

{d{^fi boZXma 54,000 ~¢H$ _| amoH$ãS> 22,000

gßM` H$mof 20,000 {d{^fi XoZXma 24,000
G$U 60,000 ÒQ>m∞H$ 54,000
ny±Or : \$ZuMa 40,000
gm{Z`m 80,000 gß`Ãß 74,000
gm`Zm 80,000 1,60,000 ^y{_ 80,000

2,94,000 2,94,000

Bg {V{W H$mo gmPoXmam| Zo gmPoXmar Ho$ g_mnZ H$m {ZU©` {b`mü& n[agÂn{Œm`m| go {ZÂZ am{e ‡m· h˛B© Ö
^y{_—1,20,000 È0
\$ZuMa—20,000 È0
ÒQ>m∞H$—42,000 È0
gß`Ãß —44,000 È0
XoZXma 10% H$_ na
boZXmam| H$mo 50,000 È0 XoH$a {hgm~ MwH$Vm {H$`m
G$U H$m nyam ^wJVmZ {H$`m J`m
dgybr Ï``—6,000 È0 Wo
\$_© Ho$ ImVm| H$mo ~›X H$aZo Ho$ {bE dgybr ImVm, gmPoXmam| Ho$ ny±Or ImVo VWm ~¢H$ ImVm ~ZmBEü&

320/OSS/212A 16
 SECTION–B
I S>–~
OPTION–I
{dH$În–I
( Analysis of Financial Statements )
( {dŒmr` {ddaUmoß H$m {dÌbofU )

23. Why is ‘management’ interested in the analysis of financial statements? 1

"‡~›YH$' {dŒmr` {ddaUm| Ho$ {dÌbofU _| È{M ä`m| aIVo h¢?

24. What is meant by ‘solvency of a business concern’? Name the solvency ratios. 2

EH$ Ï`mdgm{`H$ BH$mB© H$s emoYZ-j_Vm H$m ä`m AW© h°? emoYZ-j_Vm AZwnmVm| Ho$ Zm_ Xr{OEü&

25. Name any four tools of financial statement analysis. 2

{dŒmr` {ddaUm| Ho$ {dÌbofU H$s {H$›ht Mma n’{V`m| Ho$ Zm_ Xr{OEü&

26. From the following information, calculate the amount of Opening Stock and
Closing Stock : 4
Sales during the year—Rs 2,00,000
Gross Profit on Sales—50%
Stock Turnover Ratio—4 times
Closing Stock—Rs 10,000 more than the Opening Stock

ZrMo Xr JB© gyMZm go ‡mapÂ^H$ ÒQ>m∞H$ Edß Ap›V_ ÒQ>m∞H$ H$s JUZm H$s{OE Ö
df© _| {~H´$s—2,00,000 È0
{~H´$s na gH$b bm^—50%
ÒQ>m∞H$ AmdV© AZwnmV—4 JwZm
Ap›V_ ÒQ>m∞H$, ‡mapÂ^H$ ÒQ>m∞H$ go 10,000 È0 A{YH$ h°

320/OSS/212A 17 [ P.T.O.
27. From the following Balance Sheets of Environment-friendly Housing Ltd. as on
31.03.2010 and 31.03.2011, prepare Cash Flow Statement : 6

Balance Sheets of Environment-friendly Housing Ltd.

as on 31.03.2010 and 31.03.2011
Liabilities 31.03.2010 31.03.2011 Assets 31.03.2010 31.03.2011
Rs Rs Rs Rs
Share Capital 2,50,000 3,50,000 Machinery 2,50,000 3,50,000
10% Debentures 3,00,000 2,00,000 Goodwill 1,50,000 1,00,000
Accumulated Stock 2,50,000 3,00,000
Profits 1,50,000 2,50,000 Debtors 2,00,000 3,00,000
Creditors 3,00,000 4,50,000 Cash at Bank 1,50,000 2,00,000
10,00,000 12,50,000 10,00,000 12,50,000

Additional Information :
Depreciation on Machinery amounted to Rs 30,000

E›dm`am∞Z_|Q> \´¢$S≤>br hmCqgJ {b0 Ho$ 31.03.2010 Edß 31.03.2011 Ho$ ZrMo {X`o J`o pÒW{V-{ddaUm|
go amoH$ãS> ‡dmh {ddaU V°`ma H$s{OE Ö
E›dm`am∞Z_|Q> \´¢$S≤>br hmCqgJ {b0 H$m pÒW{V-{ddaU
31.03.2010 VWm 31.03.2011 H$mo

Xo`VmE± 31.03.2010 31.03.2011 n[agÂn{Œm`m± 31.03.2010 31.03.2011

È0 È0 È0 È0
Aße ny±Or 2,50,000 3,50,000 _erZar 2,50,000 3,50,000
10% G$Unà 3,00,000 2,00,000 ª`m{V 1,50,000 1,00,000
gß{MV bm^ 1,50,000 2,50,000 ÒQ>m∞H$ 2,50,000 3,00,000
boZXma 3,00,000 4,50,000 XoZXma 2,00,000 3,00,000
~¢H$ _| amoH$ãS> 1,50,000 2,00,000
10,00,000 12,50,000 10,00,000 12,50,000

A{V[a∫$ gyMZm Ö
_erZar na Adj`U H$s am{e 30,000 È0 Wr

320/OSS/212A 18
 OPTION–II
{dH$În–II
( Elementary Cost Accounting )
( ‡mapÂ^H$ bmJV boImßH$Z )
23. Distinguish between Cost Accounting and Financial Accounting on the basis
of ‘objective’. 1

"C‘oÌ`' Ho$ AmYma na bmJV boImßH$Z Edß {dŒmr` boImßH$Z _| A›Va ~VmBEü&

24. Name any four components of Total Cost. 2

Hw$b bmJV Ho$ {H$›ht Mma VŒdm| Ho$ Zm_ Xr{OEü&

25. State any two limitations of Cost Accounting. 2

bmJV boImßH$Z H$s {H$›ht Xmo gr_mAm| H$m CÑoI H$s{OEü&

26. From the following information in respect of Material No. ST 30, calculate—
(a) Reorder level;
(b) Maximum stock level. 4
Normal Consumption—400 units per week
Maximum Consumption—600 units per week
Minimum Consumption—200 units per week
Reorder Period—6 to 8 weeks
Reorder Quantity—200 units

gm_J´r gß0 ST 30 go gÂ~p›YV {ZÂZ gyMZm go—

(H$) nwZÖ AmXoe ÒVa;
(I) A{YH$V_ ÒQ>m∞H$ ÒVa;
H$s JUZm H$s{OEü&
gm_m›` Cn^moJ$—400 BH$mB`m± ‡{V g·mh
A{YH$V_ Cn^moJ—600 BH$mB`m± ‡{V g·mh
›`yZV_ Cn^moJ—200 BH$mB`m± ‡{V g·mh
nwZÖ AmXoe Ad{Y—6 go 8 g·mh
nwZÖ AmXoe _mÃm—200 BH$mB`m±

320/OSS/212A 19 [ P.T.O.
27. From the following information, prepare Cost Sheet for the period ended on
31st March, 2011 6
Opening Stock of Raw Material—Rs 18,500
Purchase of Raw Material—Rs 1,94,000
Closing Stock of Raw Material—12,500
Direct Wages—Rs 72,000
Direct Expenses—18,000
Factory Overheads—100% of Direct Wages
Office and Administrative Overheads—20% of Works’ Cost
Selling and Distribution Overheads—Rs 40,000
Profit on Cost—25%
[Note : There were no Opening or Closing Stock of Finished Goods]

{ZÂZ gyMZm go 31 _mM©, 2011 H$mo g_m· Ad{Y Ho$ {bE bmJV {ddaU V°`ma H$s{OE Ö
H$Ér gm_J´r H$m AmapÂ^H$ ÒQ>m∞H$—18,500 È0
H$Ér gm_J´r H$m H´$`—1,94,000 È0
H$Ér gm_J´r H$m Aß{V_ ÒQ>m∞H$—12,500 È0
‡À`j _OXyar—72,000 È0
‡À`j Ï``—18,000 È0
H$maImZm Cn[aÏ`` ‡À`j _OXyar H$m 100%
H$m`m©b` Edß ‡emgZ Cn[aÏ`` H$m`© bmJV H$m 20%
{dH´$` Edß {dVaU Cn[aÏ``—40,000 È0
bmJV na bm^—25%
[ ZmoQ :> V°`ma _mb H$m H$moB© AmapÂ^H$ ÒQ>m∞H$ AWdm Ap›V_ ÒQ>m∞H$ Zht Wm ]

HHH

320/OSS/212A 20 v11—9000×3