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Page 1
67/1 1 C/1
???? ??.
Roll No.
????????
ACCOUNTANCY
???????? ??? ? ???? ?????? ??? ? 80
Time allowed : 3 hours Maximum Marks : 80
Series : SGN/C ???? ??.
Code No.
67/1
? ????? ???? ?? ?? ?? ?? ???-?? ?? ????? ???? 24 ?? ?
? ???-?? ?? ?????? ??? ?? ???? ??? ?? ???? ???? ??? ??? ???-??????? ?? ???-???? ?? ???? ?
? ????? ???? ?? ?? ?? ?? ???-?? ?? 23 ??? ?? ?
? ????? ??? ?? ??? ????? ??? ???? ?? ????, ??? ?? ????? ???? ???? ?
? ?? ???-?? ??? ???? ?? ??? 15 ???? ?? ??? ???? ??? ?? ? ???-?? ?? ????? ?????? ?? 10.15
??? ???? ????? ? 10.15 ??? ?? 10.30 ??? ?? ??? ???? ???-?? ??? ????? ???? ?? ???? ??
?????? ?? ???-??????? ?? ????? ??? ??? ?????? ?
? Please check that this question paper contains 24 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.
??????? ???? ??? ???-??????? ?? ???-???
?? ???? ???? ?
Candidates must write the Code on
the title page of the answer-book.
SET – 1
Page 2
67/1 1 C/1
???? ??.
Roll No.
????????
ACCOUNTANCY
???????? ??? ? ???? ?????? ??? ? 80
Time allowed : 3 hours Maximum Marks : 80
Series : SGN/C ???? ??.
Code No.
67/1
? ????? ???? ?? ?? ?? ?? ???-?? ?? ????? ???? 24 ?? ?
? ???-?? ?? ?????? ??? ?? ???? ??? ?? ???? ???? ??? ??? ???-??????? ?? ???-???? ?? ???? ?
? ????? ???? ?? ?? ?? ?? ???-?? ?? 23 ??? ?? ?
? ????? ??? ?? ??? ????? ??? ???? ?? ????, ??? ?? ????? ???? ???? ?
? ?? ???-?? ??? ???? ?? ??? 15 ???? ?? ??? ???? ??? ?? ? ???-?? ?? ????? ?????? ?? 10.15
??? ???? ????? ? 10.15 ??? ?? 10.30 ??? ?? ??? ???? ???-?? ??? ????? ???? ?? ???? ??
?????? ?? ???-??????? ?? ????? ??? ??? ?????? ?
? Please check that this question paper contains 24 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.
??????? ???? ??? ???-??????? ?? ???-???
?? ???? ???? ?
Candidates must write the Code on
the title page of the answer-book.
SET – 1
67/1 2 C/1
?????? ????? ?
(i) ?? ???-?? ??? ????? ?? ???? ?? – ? ???? ? ?
(ii) ??? – ? ??? ?? ??? ??????? ?? ?
(iii) ??? – ? ?? ??? ????? ?? – ????? ??????? ?? ??????? ??? ??????? ??????? ?
(iv) ??? – ? ?? ???? ?? ?? ????? ?? ????? ?? ??? ????? ?
(v) ???? ??? ?? ??? ????? ?? ??? ?? ?? ???? ?? ???? ???? ????? ?
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 : Option – I Analysis of Financial Statements and Option – II
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
??? – ?
PART – A
(???????? ???? ??? ???????? ?? ??? ???????)
(Accounting for Partnership Firms and Companies)
1. ???? ??? ??? ??????? ?? ??? 4 : 1 ?? ?????? ?? ??? ?? ??????? ?? ??? ?? ? ???? ????? ????
` 90,000 ??? ` 70,000 ?? ? ??? ?? 1/3 ??? ?? ??? ??????? ???? ??? ??? ?? ???? ???? ? ????
???? ????? ?? ?? ?? ` 1,00,000 ???? ? ??? ?? ????? ?? ???? ????? ? 1
Vinay and Naman are partners sharing profit in the ratio of 4:1. Their capitals were
` 90,000 and ` 70,000 respectively. They admitted Prateek for 1/3 share in the profits.
Prateek brought ` 1,00,000 as his capital. Calculate the value of firm’s goodwill.
2. ??? ??????? ?? ??? ?? ??? ??????? ??? ?????? ?? ?????? ???? ?? ? 1
In which ratio do the remaining partners acquire the share of the deceased partner ?
3. ???????? ??? ?? ????? ?? ??? ?????-????? ?? ????? ?? ?? ????? ?? ??????? ?? ?? ?? ???
????????? ????? ????? ? 1
Give the journal entry for the treatment of partner’s loan appearing on the asset side of
the Balance Sheet, on dissolution of a partnership firm.
Page 3
67/1 1 C/1
???? ??.
Roll No.
????????
ACCOUNTANCY
???????? ??? ? ???? ?????? ??? ? 80
Time allowed : 3 hours Maximum Marks : 80
Series : SGN/C ???? ??.
Code No.
67/1
? ????? ???? ?? ?? ?? ?? ???-?? ?? ????? ???? 24 ?? ?
? ???-?? ?? ?????? ??? ?? ???? ??? ?? ???? ???? ??? ??? ???-??????? ?? ???-???? ?? ???? ?
? ????? ???? ?? ?? ?? ?? ???-?? ?? 23 ??? ?? ?
? ????? ??? ?? ??? ????? ??? ???? ?? ????, ??? ?? ????? ???? ???? ?
? ?? ???-?? ??? ???? ?? ??? 15 ???? ?? ??? ???? ??? ?? ? ???-?? ?? ????? ?????? ?? 10.15
??? ???? ????? ? 10.15 ??? ?? 10.30 ??? ?? ??? ???? ???-?? ??? ????? ???? ?? ???? ??
?????? ?? ???-??????? ?? ????? ??? ??? ?????? ?
? Please check that this question paper contains 24 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.
??????? ???? ??? ???-??????? ?? ???-???
?? ???? ???? ?
Candidates must write the Code on
the title page of the answer-book.
SET – 1
67/1 2 C/1
?????? ????? ?
(i) ?? ???-?? ??? ????? ?? ???? ?? – ? ???? ? ?
(ii) ??? – ? ??? ?? ??? ??????? ?? ?
(iii) ??? – ? ?? ??? ????? ?? – ????? ??????? ?? ??????? ??? ??????? ??????? ?
(iv) ??? – ? ?? ???? ?? ?? ????? ?? ????? ?? ??? ????? ?
(v) ???? ??? ?? ??? ????? ?? ??? ?? ?? ???? ?? ???? ???? ????? ?
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 : Option – I Analysis of Financial Statements and Option – II
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
??? – ?
PART – A
(???????? ???? ??? ???????? ?? ??? ???????)
(Accounting for Partnership Firms and Companies)
1. ???? ??? ??? ??????? ?? ??? 4 : 1 ?? ?????? ?? ??? ?? ??????? ?? ??? ?? ? ???? ????? ????
` 90,000 ??? ` 70,000 ?? ? ??? ?? 1/3 ??? ?? ??? ??????? ???? ??? ??? ?? ???? ???? ? ????
???? ????? ?? ?? ?? ` 1,00,000 ???? ? ??? ?? ????? ?? ???? ????? ? 1
Vinay and Naman are partners sharing profit in the ratio of 4:1. Their capitals were
` 90,000 and ` 70,000 respectively. They admitted Prateek for 1/3 share in the profits.
Prateek brought ` 1,00,000 as his capital. Calculate the value of firm’s goodwill.
2. ??? ??????? ?? ??? ?? ??? ??????? ??? ?????? ?? ?????? ???? ?? ? 1
In which ratio do the remaining partners acquire the share of the deceased partner ?
3. ???????? ??? ?? ????? ?? ??? ?????-????? ?? ????? ?? ?? ????? ?? ??????? ?? ?? ?? ???
????????? ????? ????? ? 1
Give the journal entry for the treatment of partner’s loan appearing on the asset side of
the Balance Sheet, on dissolution of a partnership firm.
67/1 3 C/1
4. ???, ???? ??? ???, ??????? ?? ??? ??? ??? ???? ??? 5 : 3 : 2 ?? ?????? ?? ?????? ?? ? ??? ??
????? ??? ???? ???? ???? ??? ??? ??? ??? ???? ?? 5 : 3 ?? ?????? ?? ?? ???? ? ??? ???
???? ?? ?????? ?????? ??? ????? ? 1
Aman, Yatin and Uma were partners and were sharing profits and losses in the ratio of
5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin 5 : 3 in ratio.
Calculate the gaining ratio of Aman and Yatin.
5. ?? ??????? ?? ???? ???? ?? ??? ?? ?? ???? ?????? ???? ???? ??? ?? ????? ? 1
Give two items which may appear on the debit side of a Partner’s Current Account.
6. ‘????? ?? ???? ??????’ ?? ??? ?????? ?? ? 1
What is meant by ‘Private Placement of Shares’ ?
7. ???? ??? ?????? ??????? ?? ??? ???-???? ?????-????? ?????? ?? ? ??? ?? ????? ?? ????? ??? ??
??? ??????? ????? ??? ??? ?? ?? ??????? ????? ? ?? ????? ?? ??? ??? ?? ????? ?? ????????
???????? ?? ??? ???? ?? ?? ?? ????? ?? ???? ?? ? 3
????? ?? ???? ?? ??? ?? ????? – ????? ???? ???? ?? ?? ?
??????? ???? (`) ???????? ???? (`)
????? ? ??????
75,000
???? – 90,000 ?????
15,000
?????? – 50,000
1,40,000
?????
30,000
????
20,000
????? ??????
20,000
??
25,000
?????
50,000
????? ??????
5,000
1,90,000 1,90,000
????? ?? ?????? ?? 12% ?????? ?? ? ????? ??? ???? ?? ??? ?? ????? ??? ` 30,000
?? ? ????? ?? ????? ?? ??? ?? ???? ????? ?
Page 4
67/1 1 C/1
???? ??.
Roll No.
????????
ACCOUNTANCY
???????? ??? ? ???? ?????? ??? ? 80
Time allowed : 3 hours Maximum Marks : 80
Series : SGN/C ???? ??.
Code No.
67/1
? ????? ???? ?? ?? ?? ?? ???-?? ?? ????? ???? 24 ?? ?
? ???-?? ?? ?????? ??? ?? ???? ??? ?? ???? ???? ??? ??? ???-??????? ?? ???-???? ?? ???? ?
? ????? ???? ?? ?? ?? ?? ???-?? ?? 23 ??? ?? ?
? ????? ??? ?? ??? ????? ??? ???? ?? ????, ??? ?? ????? ???? ???? ?
? ?? ???-?? ??? ???? ?? ??? 15 ???? ?? ??? ???? ??? ?? ? ???-?? ?? ????? ?????? ?? 10.15
??? ???? ????? ? 10.15 ??? ?? 10.30 ??? ?? ??? ???? ???-?? ??? ????? ???? ?? ???? ??
?????? ?? ???-??????? ?? ????? ??? ??? ?????? ?
? Please check that this question paper contains 24 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.
??????? ???? ??? ???-??????? ?? ???-???
?? ???? ???? ?
Candidates must write the Code on
the title page of the answer-book.
SET – 1
67/1 2 C/1
?????? ????? ?
(i) ?? ???-?? ??? ????? ?? ???? ?? – ? ???? ? ?
(ii) ??? – ? ??? ?? ??? ??????? ?? ?
(iii) ??? – ? ?? ??? ????? ?? – ????? ??????? ?? ??????? ??? ??????? ??????? ?
(iv) ??? – ? ?? ???? ?? ?? ????? ?? ????? ?? ??? ????? ?
(v) ???? ??? ?? ??? ????? ?? ??? ?? ?? ???? ?? ???? ???? ????? ?
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 : Option – I Analysis of Financial Statements and Option – II
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
??? – ?
PART – A
(???????? ???? ??? ???????? ?? ??? ???????)
(Accounting for Partnership Firms and Companies)
1. ???? ??? ??? ??????? ?? ??? 4 : 1 ?? ?????? ?? ??? ?? ??????? ?? ??? ?? ? ???? ????? ????
` 90,000 ??? ` 70,000 ?? ? ??? ?? 1/3 ??? ?? ??? ??????? ???? ??? ??? ?? ???? ???? ? ????
???? ????? ?? ?? ?? ` 1,00,000 ???? ? ??? ?? ????? ?? ???? ????? ? 1
Vinay and Naman are partners sharing profit in the ratio of 4:1. Their capitals were
` 90,000 and ` 70,000 respectively. They admitted Prateek for 1/3 share in the profits.
Prateek brought ` 1,00,000 as his capital. Calculate the value of firm’s goodwill.
2. ??? ??????? ?? ??? ?? ??? ??????? ??? ?????? ?? ?????? ???? ?? ? 1
In which ratio do the remaining partners acquire the share of the deceased partner ?
3. ???????? ??? ?? ????? ?? ??? ?????-????? ?? ????? ?? ?? ????? ?? ??????? ?? ?? ?? ???
????????? ????? ????? ? 1
Give the journal entry for the treatment of partner’s loan appearing on the asset side of
the Balance Sheet, on dissolution of a partnership firm.
67/1 3 C/1
4. ???, ???? ??? ???, ??????? ?? ??? ??? ??? ???? ??? 5 : 3 : 2 ?? ?????? ?? ?????? ?? ? ??? ??
????? ??? ???? ???? ???? ??? ??? ??? ??? ???? ?? 5 : 3 ?? ?????? ?? ?? ???? ? ??? ???
???? ?? ?????? ?????? ??? ????? ? 1
Aman, Yatin and Uma were partners and were sharing profits and losses in the ratio of
5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin 5 : 3 in ratio.
Calculate the gaining ratio of Aman and Yatin.
5. ?? ??????? ?? ???? ???? ?? ??? ?? ?? ???? ?????? ???? ???? ??? ?? ????? ? 1
Give two items which may appear on the debit side of a Partner’s Current Account.
6. ‘????? ?? ???? ??????’ ?? ??? ?????? ?? ? 1
What is meant by ‘Private Placement of Shares’ ?
7. ???? ??? ?????? ??????? ?? ??? ???-???? ?????-????? ?????? ?? ? ??? ?? ????? ?? ????? ??? ??
??? ??????? ????? ??? ??? ?? ?? ??????? ????? ? ?? ????? ?? ??? ??? ?? ????? ?? ????????
???????? ?? ??? ???? ?? ?? ?? ????? ?? ???? ?? ? 3
????? ?? ???? ?? ??? ?? ????? – ????? ???? ???? ?? ?? ?
??????? ???? (`) ???????? ???? (`)
????? ? ??????
75,000
???? – 90,000 ?????
15,000
?????? – 50,000
1,40,000
?????
30,000
????
20,000
????? ??????
20,000
??
25,000
?????
50,000
????? ??????
5,000
1,90,000 1,90,000
????? ?? ?????? ?? 12% ?????? ?? ? ????? ??? ???? ?? ??? ?? ????? ??? ` 30,000
?? ? ????? ?? ????? ?? ??? ?? ???? ????? ?
67/1 4 C/1
Amit and Kartik are partners sharing profits and losses equally. They decided to admit
Saurabh for an equal share in the profits. For this purpose the goodwill of the firm was
to be valued at four years’ purchase of super profits.
The Balance Sheet of the firm on Saurabh’s admission was as follows :
Liabilities
Amount(`)
Assets
Amount(`)
Capitals :
Machinery 75,000
Amit 90,000
Furniture 15,000
Kartik 50,000 1,40,000 Stock 30,000
Reserve 20,000 Sundry Debtors 20,000
Loan 25,000 Cash 50,000
Sundry Creditors 5,000
1,90,000 1,90,000
The normal rate of return is 12% per annum. Average profit of the firm for the last
four years was ` 30,000. Calculate Saurabh’s share of goodwill.
8. ???????? ??????? ?? ` 10 ????? ?? 4,00,000 ???? ????? ??? ??-???? ?? ??????? ???? ? ???
??? ???? ?? ?????? ???? ???? ?? ???? ?? ? 3
?????? ?? – ` 3
?????? ?? – ` 2
??? ????? ?? ` 2
????? ????? ?? ` 3
?????? ???? ?? ?? ????? ??? ??? ??? ???????? ??? ???? ????? ?? ?????? ?? ???? ??? ? ???
??????? ???? ?? ??? ? 6,000 ????? ?? ?? ??????? ???? ??, ??? ????? ?? ???, ????? ????? ??
?????? ?? ???? ? ??? ??, ????? ??? 700 ??? ?? ??? ???? ?? ??? ????? ?? ?????? ??? ???? ?
??? ?? ????? ????? ?? ??? ??? ????? ?? ?????? ?? ???? ? ?????? ???? ?? ???? ?? ????? ??
??????? ?? ???????? ?? ??????? ??? ?? ???? ? ???? ????? ???? ???? ????????? ????????
????? ???? ?? ??? ? ?? ???????? ??? ???? ????? ?
Page 5
67/1 1 C/1
???? ??.
Roll No.
????????
ACCOUNTANCY
???????? ??? ? ???? ?????? ??? ? 80
Time allowed : 3 hours Maximum Marks : 80
Series : SGN/C ???? ??.
Code No.
67/1
? ????? ???? ?? ?? ?? ?? ???-?? ?? ????? ???? 24 ?? ?
? ???-?? ?? ?????? ??? ?? ???? ??? ?? ???? ???? ??? ??? ???-??????? ?? ???-???? ?? ???? ?
? ????? ???? ?? ?? ?? ?? ???-?? ?? 23 ??? ?? ?
? ????? ??? ?? ??? ????? ??? ???? ?? ????, ??? ?? ????? ???? ???? ?
? ?? ???-?? ??? ???? ?? ??? 15 ???? ?? ??? ???? ??? ?? ? ???-?? ?? ????? ?????? ?? 10.15
??? ???? ????? ? 10.15 ??? ?? 10.30 ??? ?? ??? ???? ???-?? ??? ????? ???? ?? ???? ??
?????? ?? ???-??????? ?? ????? ??? ??? ?????? ?
? Please check that this question paper contains 24 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.
??????? ???? ??? ???-??????? ?? ???-???
?? ???? ???? ?
Candidates must write the Code on
the title page of the answer-book.
SET – 1
67/1 2 C/1
?????? ????? ?
(i) ?? ???-?? ??? ????? ?? ???? ?? – ? ???? ? ?
(ii) ??? – ? ??? ?? ??? ??????? ?? ?
(iii) ??? – ? ?? ??? ????? ?? – ????? ??????? ?? ??????? ??? ??????? ??????? ?
(iv) ??? – ? ?? ???? ?? ?? ????? ?? ????? ?? ??? ????? ?
(v) ???? ??? ?? ??? ????? ?? ??? ?? ?? ???? ?? ???? ???? ????? ?
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 : Option – I Analysis of Financial Statements and Option – II
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
??? – ?
PART – A
(???????? ???? ??? ???????? ?? ??? ???????)
(Accounting for Partnership Firms and Companies)
1. ???? ??? ??? ??????? ?? ??? 4 : 1 ?? ?????? ?? ??? ?? ??????? ?? ??? ?? ? ???? ????? ????
` 90,000 ??? ` 70,000 ?? ? ??? ?? 1/3 ??? ?? ??? ??????? ???? ??? ??? ?? ???? ???? ? ????
???? ????? ?? ?? ?? ` 1,00,000 ???? ? ??? ?? ????? ?? ???? ????? ? 1
Vinay and Naman are partners sharing profit in the ratio of 4:1. Their capitals were
` 90,000 and ` 70,000 respectively. They admitted Prateek for 1/3 share in the profits.
Prateek brought ` 1,00,000 as his capital. Calculate the value of firm’s goodwill.
2. ??? ??????? ?? ??? ?? ??? ??????? ??? ?????? ?? ?????? ???? ?? ? 1
In which ratio do the remaining partners acquire the share of the deceased partner ?
3. ???????? ??? ?? ????? ?? ??? ?????-????? ?? ????? ?? ?? ????? ?? ??????? ?? ?? ?? ???
????????? ????? ????? ? 1
Give the journal entry for the treatment of partner’s loan appearing on the asset side of
the Balance Sheet, on dissolution of a partnership firm.
67/1 3 C/1
4. ???, ???? ??? ???, ??????? ?? ??? ??? ??? ???? ??? 5 : 3 : 2 ?? ?????? ?? ?????? ?? ? ??? ??
????? ??? ???? ???? ???? ??? ??? ??? ??? ???? ?? 5 : 3 ?? ?????? ?? ?? ???? ? ??? ???
???? ?? ?????? ?????? ??? ????? ? 1
Aman, Yatin and Uma were partners and were sharing profits and losses in the ratio of
5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin 5 : 3 in ratio.
Calculate the gaining ratio of Aman and Yatin.
5. ?? ??????? ?? ???? ???? ?? ??? ?? ?? ???? ?????? ???? ???? ??? ?? ????? ? 1
Give two items which may appear on the debit side of a Partner’s Current Account.
6. ‘????? ?? ???? ??????’ ?? ??? ?????? ?? ? 1
What is meant by ‘Private Placement of Shares’ ?
7. ???? ??? ?????? ??????? ?? ??? ???-???? ?????-????? ?????? ?? ? ??? ?? ????? ?? ????? ??? ??
??? ??????? ????? ??? ??? ?? ?? ??????? ????? ? ?? ????? ?? ??? ??? ?? ????? ?? ????????
???????? ?? ??? ???? ?? ?? ?? ????? ?? ???? ?? ? 3
????? ?? ???? ?? ??? ?? ????? – ????? ???? ???? ?? ?? ?
??????? ???? (`) ???????? ???? (`)
????? ? ??????
75,000
???? – 90,000 ?????
15,000
?????? – 50,000
1,40,000
?????
30,000
????
20,000
????? ??????
20,000
??
25,000
?????
50,000
????? ??????
5,000
1,90,000 1,90,000
????? ?? ?????? ?? 12% ?????? ?? ? ????? ??? ???? ?? ??? ?? ????? ??? ` 30,000
?? ? ????? ?? ????? ?? ??? ?? ???? ????? ?
67/1 4 C/1
Amit and Kartik are partners sharing profits and losses equally. They decided to admit
Saurabh for an equal share in the profits. For this purpose the goodwill of the firm was
to be valued at four years’ purchase of super profits.
The Balance Sheet of the firm on Saurabh’s admission was as follows :
Liabilities
Amount(`)
Assets
Amount(`)
Capitals :
Machinery 75,000
Amit 90,000
Furniture 15,000
Kartik 50,000 1,40,000 Stock 30,000
Reserve 20,000 Sundry Debtors 20,000
Loan 25,000 Cash 50,000
Sundry Creditors 5,000
1,90,000 1,90,000
The normal rate of return is 12% per annum. Average profit of the firm for the last
four years was ` 30,000. Calculate Saurabh’s share of goodwill.
8. ???????? ??????? ?? ` 10 ????? ?? 4,00,000 ???? ????? ??? ??-???? ?? ??????? ???? ? ???
??? ???? ?? ?????? ???? ???? ?? ???? ?? ? 3
?????? ?? – ` 3
?????? ?? – ` 2
??? ????? ?? ` 2
????? ????? ?? ` 3
?????? ???? ?? ?? ????? ??? ??? ??? ???????? ??? ???? ????? ?? ?????? ?? ???? ??? ? ???
??????? ???? ?? ??? ? 6,000 ????? ?? ?? ??????? ???? ??, ??? ????? ?? ???, ????? ????? ??
?????? ?? ???? ? ??? ??, ????? ??? 700 ??? ?? ??? ???? ?? ??? ????? ?? ?????? ??? ???? ?
??? ?? ????? ????? ?? ??? ??? ????? ?? ?????? ?? ???? ? ?????? ???? ?? ???? ?? ????? ??
??????? ?? ???????? ?? ??????? ??? ?? ???? ? ???? ????? ???? ???? ????????? ????????
????? ???? ?? ??? ? ?? ???????? ??? ???? ????? ?
67/1 5 C/1
(???????? ????. ?? ????)
???? ????? ??? ????? ??? ???? (`) ??? ???? (`)
???? ??? ??? ????? ???? ???
8,00,000
……….……….……….
8,00,000
(4,00,000 ?????? ?? ` 2 ??? ??? ???
????? ???? ???)
??? ???? ???
………..
….……….……….………. ???
………..
???? ??? ??? ????? ????
………..
……….……….……….……….
(……….……….……….……….)
………..
???? ??? ????? ??? ????? ????? ???? ???
………..
???? ??? ????? ????
………..
(4,00,000 ????? ?? ` 3 ??? ??? ?? ?? ??
????? ????? ???)
??? ???? ???
………..
……….……….……….………. ???
………..
???? ??? ????? ??? ????? ????? ????
………..
……….……….……….……….
………..
(……….……….……….……….
……….……….……….……….)
Navnirman Ltd. issued 4,00,000 equity shares of ` 10 each at par. The amount per
share was payable as follows :
` 3 on application; ` 2 on allotment; ` 2 on first call and ` 3 on final call. The issue
was fully subscribed and the shares were allotted fully to all the applicants. All calls
were made. Mahi, a shareholder holding 6,000 shares paid the final call money along
with the first call. Shrey holding 700 shares did not pay the first call on the due date.
Shrey paid the first call along with the final call. The accountant of the company had
correctly passed the entries till receipt of allotment money. After that the following
entries were left incomplete by him. Complete these entries.
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FAQs on ACCOUNTANCY (Part-1)Paper - Crash Course of Accountancy - Class 12 - Commerce
| 1. What is accountancy? |  |
Ans. Accountancy is the practice of recording, classifying, analyzing, and interpreting the financial transactions of a business. It involves tasks such as preparing financial statements, calculating taxes, and providing financial advice to help businesses make informed decisions.
| 2. What are the career prospects in accountancy? | |
Ans. Accountancy offers a wide range of career prospects. Some common career options include becoming a Chartered Accountant, Certified Public Accountant, Financial Analyst, Auditor, Tax Consultant, or Management Accountant. These professions can lead to opportunities in various industries and sectors, both in the public and private sectors.
| 3. What skills are required to excel in accountancy? | |
Ans. To excel in accountancy, one needs strong numerical and analytical skills. Attention to detail, problem-solving abilities, and proficiency in accounting software are also essential. Additionally, good communication and interpersonal skills are important to effectively collaborate with clients and colleagues.
| 4. What are the different types of accounting? | |
Ans. There are several types of accounting, including financial accounting, management accounting, tax accounting, and auditing. Financial accounting focuses on preparing financial statements for external stakeholders, while management accounting provides information for internal decision-making. Tax accounting deals with tax-related matters, and auditing involves examining financial records for accuracy and compliance.
| 5. How can I pursue a career in accountancy? | |
Ans. To pursue a career in accountancy, one typically needs to obtain a relevant degree in accounting or a related field. This is often followed by acquiring professional certifications such as Chartered Accountant (CA), Certified Public Accountant (CPA), or Certified Management Accountant (CMA), depending on the jurisdiction. Gaining practical experience through internships or entry-level positions can also be beneficial for career advancement.
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