Commerce Exam > Commerce Notes > Crash Course of Accountancy - Class 12 > ACCOUNTANCY (Part-3) Paper
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Page 1
67/1 1 P.T.O.
narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
>na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.
Series GBM
H$moS> Z§.
Code No.
amob Z§.
Roll No.
boImemñÌ
ACCOUNTANCY
{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80
Time allowed : 3 hours Maximum Marks : 80
? H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 24 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 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.
SET-1
67/1
Page 2
67/1 1 P.T.O.
narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
>na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.
Series GBM
H$moS> Z§.
Code No.
amob Z§.
Roll No.
boImemñÌ
ACCOUNTANCY
{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80
Time allowed : 3 hours Maximum Marks : 80
? H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 24 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 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.
SET-1
67/1
67/1 2
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
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
IÊS> H$
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
PART A
(Accounting for Partnership Firms and Companies)
1. O_m eof Ho$ AmYma na ‘ñWm`r n±yOr ImVo’ VWm ‘n[adV©Zerb n±yOr ImVo’ Ho$ ~rM AÝVa ñnï>
H$s{OE & 1
Distinguish between ‘Fixed Capital Account’ and ‘Fluctuating Capital
Account’ on the basis of credit balance.
2. A VWm ~ EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z 5 : 3 Ho$ AZwnmV _| ~m±Q>Vo Wo & CÝhm|Zo g
H$mo EH$ Z`m gmPoXma ~Zm`m & A, ~ VWm g H$m Z`m bm^ gh^mOZ AZwnmV 3 : 2 : 3
Wm & A Zo AnZo bm^ Ho$
5
1
^mJ H$mo g Ho$ nj _| Ë`mJ {X`m & ~ Ho$ Ë`mJ H$s JUZm
H$s{OE & 1
A and B were partners in a firm sharing profits and losses in the ratio of
5 : 3. They admitted C as a new partner. The new profit sharing ratio
between A, B and C was 3 : 2 : 3. A surrendered
5
1
th
of his share in
favour of C. Calculate B’s sacrifice.
Page 3
67/1 1 P.T.O.
narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
>na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.
Series GBM
H$moS> Z§.
Code No.
amob Z§.
Roll No.
boImemñÌ
ACCOUNTANCY
{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80
Time allowed : 3 hours Maximum Marks : 80
? H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 24 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 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.
SET-1
67/1
67/1 2
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
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
IÊS> H$
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
PART A
(Accounting for Partnership Firms and Companies)
1. O_m eof Ho$ AmYma na ‘ñWm`r n±yOr ImVo’ VWm ‘n[adV©Zerb n±yOr ImVo’ Ho$ ~rM AÝVa ñnï>
H$s{OE & 1
Distinguish between ‘Fixed Capital Account’ and ‘Fluctuating Capital
Account’ on the basis of credit balance.
2. A VWm ~ EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z 5 : 3 Ho$ AZwnmV _| ~m±Q>Vo Wo & CÝhm|Zo g
H$mo EH$ Z`m gmPoXma ~Zm`m & A, ~ VWm g H$m Z`m bm^ gh^mOZ AZwnmV 3 : 2 : 3
Wm & A Zo AnZo bm^ Ho$
5
1
^mJ H$mo g Ho$ nj _| Ë`mJ {X`m & ~ Ho$ Ë`mJ H$s JUZm
H$s{OE & 1
A and B were partners in a firm sharing profits and losses in the ratio of
5 : 3. They admitted C as a new partner. The new profit sharing ratio
between A, B and C was 3 : 2 : 3. A surrendered
5
1
th
of his share in
favour of C. Calculate B’s sacrifice.
67/1 3 P.T.O.
3. nr VWm Š`y EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z ~am~a ~m±Q>Vo Wo & CZH$s ñWm`r n±y{O`m±
H«$_e: < 2,00,000 VWm < 3,00,000 Wt & gmPoXmar g§boI _| n±yOr na 12% à{V df©
ã`mO H$m àmdYmZ Wm & 31 _mM©, 2016 H$mo g_mßV hþE df© Ho$ {bE n±yOr na ã`mO {XE
{~Zm \$_© Ho$ bm^ H$m ~±Q>dmam H$a {X`m J`m & 1
Ìw{Q> Ho$ emoYZ Ho$ {bE Amdí`H$ g_m`moOZ à{dpîQ> Xr{OE &
P and Q were partners in a firm sharing profits and losses equally.
Their fixed capitals were < 2,00,000 and < 3,00,000 respectively. The
partnership deed provided for interest on capital @ 12% per annum. For
the year ended 31
st
March, 2016, the profits of the firm were distributed
without providing interest on capital.
Pass necessary adjustment entry to rectify the error.
4. EŠg {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 500, 12% G$UnÌm| H$mo 5% Ho$ ~Å>o na {ZJ©_Z Ho$ {bE
AmdoXZ Am_pÝÌV {H$E & BZ G$UnÌm| H$m emoYZ VrZ dfm] níMmV² g__yë` na H$aZm Wm &
600 G$UnÌm| Ho$ {bE AmdoXZ àmßV hþE & g^r AmdoXH$m| H$mo AmZwnm{VH$ AmYma na {ZJ©_Z
H$a {X`m J`m &
`h _mZVo hþE {H$ g^r am{e H$m ^wJVmZ AmdoXZ na H$aZm Wm, G$UnÌm| Ho$ {ZJ©_Z Ho$ {bE
Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 1
X Ltd. invited applications for issuing 500, 12% debentures of < 100 each
at a discount of 5%. These debentures were redeemable after three years
at par. Applications for 600 debentures were received. Pro-rata allotment
was made to all the applicants.
Pass necessary journal entries for the issue of debentures assuming that
the whole amount was payable with application.
5. µO¡S> {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 1,000 g_Vm A§em| H$m < 2 à{V A§e H$s àW_ `mMZm H$m
^wJVmZ Z H$aZo na haU H$a {b`m & < 3 à{V A§e H$s ApÝV_ `mMZm A^r _m±Jr OmZr
Wr &
~Å>o H$s Cg A{YH$V_ am{e H$s JUZm H$s{OE {Og na BZ A§em| H$m nwZ:{ZJ©_Z {H$`m Om
gH$Vm h¡ & 1
Z Ltd. forfeited 1,000 equity shares of < 10 each for the non-payment of
the first call of < 2 per share. The final call of < 3 per share was yet to be
made.
Calculate the maximum amount of discount at which these shares can be
reissued.
Page 4
67/1 1 P.T.O.
narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
>na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.
Series GBM
H$moS> Z§.
Code No.
amob Z§.
Roll No.
boImemñÌ
ACCOUNTANCY
{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80
Time allowed : 3 hours Maximum Marks : 80
? H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 24 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 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.
SET-1
67/1
67/1 2
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
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
IÊS> H$
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
PART A
(Accounting for Partnership Firms and Companies)
1. O_m eof Ho$ AmYma na ‘ñWm`r n±yOr ImVo’ VWm ‘n[adV©Zerb n±yOr ImVo’ Ho$ ~rM AÝVa ñnï>
H$s{OE & 1
Distinguish between ‘Fixed Capital Account’ and ‘Fluctuating Capital
Account’ on the basis of credit balance.
2. A VWm ~ EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z 5 : 3 Ho$ AZwnmV _| ~m±Q>Vo Wo & CÝhm|Zo g
H$mo EH$ Z`m gmPoXma ~Zm`m & A, ~ VWm g H$m Z`m bm^ gh^mOZ AZwnmV 3 : 2 : 3
Wm & A Zo AnZo bm^ Ho$
5
1
^mJ H$mo g Ho$ nj _| Ë`mJ {X`m & ~ Ho$ Ë`mJ H$s JUZm
H$s{OE & 1
A and B were partners in a firm sharing profits and losses in the ratio of
5 : 3. They admitted C as a new partner. The new profit sharing ratio
between A, B and C was 3 : 2 : 3. A surrendered
5
1
th
of his share in
favour of C. Calculate B’s sacrifice.
67/1 3 P.T.O.
3. nr VWm Š`y EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z ~am~a ~m±Q>Vo Wo & CZH$s ñWm`r n±y{O`m±
H«$_e: < 2,00,000 VWm < 3,00,000 Wt & gmPoXmar g§boI _| n±yOr na 12% à{V df©
ã`mO H$m àmdYmZ Wm & 31 _mM©, 2016 H$mo g_mßV hþE df© Ho$ {bE n±yOr na ã`mO {XE
{~Zm \$_© Ho$ bm^ H$m ~±Q>dmam H$a {X`m J`m & 1
Ìw{Q> Ho$ emoYZ Ho$ {bE Amdí`H$ g_m`moOZ à{dpîQ> Xr{OE &
P and Q were partners in a firm sharing profits and losses equally.
Their fixed capitals were < 2,00,000 and < 3,00,000 respectively. The
partnership deed provided for interest on capital @ 12% per annum. For
the year ended 31
st
March, 2016, the profits of the firm were distributed
without providing interest on capital.
Pass necessary adjustment entry to rectify the error.
4. EŠg {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 500, 12% G$UnÌm| H$mo 5% Ho$ ~Å>o na {ZJ©_Z Ho$ {bE
AmdoXZ Am_pÝÌV {H$E & BZ G$UnÌm| H$m emoYZ VrZ dfm] níMmV² g__yë` na H$aZm Wm &
600 G$UnÌm| Ho$ {bE AmdoXZ àmßV hþE & g^r AmdoXH$m| H$mo AmZwnm{VH$ AmYma na {ZJ©_Z
H$a {X`m J`m &
`h _mZVo hþE {H$ g^r am{e H$m ^wJVmZ AmdoXZ na H$aZm Wm, G$UnÌm| Ho$ {ZJ©_Z Ho$ {bE
Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 1
X Ltd. invited applications for issuing 500, 12% debentures of < 100 each
at a discount of 5%. These debentures were redeemable after three years
at par. Applications for 600 debentures were received. Pro-rata allotment
was made to all the applicants.
Pass necessary journal entries for the issue of debentures assuming that
the whole amount was payable with application.
5. µO¡S> {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 1,000 g_Vm A§em| H$m < 2 à{V A§e H$s àW_ `mMZm H$m
^wJVmZ Z H$aZo na haU H$a {b`m & < 3 à{V A§e H$s ApÝV_ `mMZm A^r _m±Jr OmZr
Wr &
~Å>o H$s Cg A{YH$V_ am{e H$s JUZm H$s{OE {Og na BZ A§em| H$m nwZ:{ZJ©_Z {H$`m Om
gH$Vm h¡ & 1
Z Ltd. forfeited 1,000 equity shares of < 10 each for the non-payment of
the first call of < 2 per share. The final call of < 3 per share was yet to be
made.
Calculate the maximum amount of discount at which these shares can be
reissued.
67/1 4
6. XþJm© VWm Zaoe EH$ \$_© _| gmPoXma Wo & do nm±M Z`o gXñ`m| H$mo \$_© _| àdoe XoZm MmhVo
Wo & Zm~m{bJm| Ho$ A{V[aŠV ì`{ŠV`m| H$s Eogr {H$Ýht Xmo lo{U`m| H$s gyMr ~ZmBE {OÝh| do
\$_© _| àdoe Zht Xo gH$Vo & 1
Durga and Naresh were partners in a firm. They wanted to admit five
more members in the firm. List any two categories of individuals other
than minors who cannot be admitted by them.
7. ~r.nr.Eb. {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 500, 9% G$UnÌm| H$mo, {OÝh| 6% Ho$ ~Å>o na
{ZJ©{_V {H$`m J`m Wm, < 100 àË`oH$ Ho$ g_Vm A§em|, {OÝh| < 25 à{V A§e Ho$ A{Ybm^
na {ZJ©{_V {H$`m J`m Wm, _| n[ad{V©V {H$`m & 9% G$UnÌm| Ho$ {ZJ©_Z na ~Å>o H$mo A^r
VH$ An{b{IV Zht {H$`m J`m h¡ &
AnZr H$m`©H$mar {Q>ßn{U`m| H$mo ñnîQ> Xem©Vo hþE, 9% G$UnÌm| H$mo g_Vm A§em| _| n[adV©Z
na Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 3
BPL Ltd. converted 500, 9% debentures of < 100 each issued at a discount
of 6% into equity shares of < 100 each issued at a premium of < 25 per
share. Discount on issue of 9% debentures has not yet been written off.
Showing your working notes clearly, pass necessary journal entries for
conversion of 9% debentures into equity shares.
8. H${d, a{d, Hw$_ma VWm Jwé EH$ \$_© _| gmPoXma Wo VWm 3 : 2 : 2 : 1 Ho$ AZwnmV _| bm^
~m±Q>Vo Wo & 1.2.2017 H$mo Jwé Zo AdH$me J«hU {H$`m VWm H${d, a{d Ed§ Hw$_ma Ho$ _Ü`
3 : 1 : 1 Ho$ ZE bm^ AZwnmV H$m {ZU©` {H$`m J`m & Jwé$ Ho$ AdH$me J«hU H$aZo na \$_©
H$s »`m{V H$m _yë`m§H$Z < 3,60,000 {H$`m J`m &
AnZr H$m`©H$mar {Q>ßn{U`m| H$mo ñnîQ> Xem©Vo hþE Jwé$ Ho$ AdH$me J«hU H$aZo na »`m{V Ho$
boIm§H$Z Ho$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ> H$s{OE & 3
Kavi, Ravi, Kumar and Guru were partners in a firm sharing profits in
the ratio of 3 : 2 : 2 : 1. On 1.2.2017, Guru retired and the new profit
sharing ratio decided between Kavi, Ravi and Kumar was 3 : 1 : 1. On
Guru’s retirement the goodwill of the firm was valued at < 3,60,000.
Showing your working notes clearly, pass necessary journal entry in the
books of the firm for the treatment of goodwill on Guru’s retirement.
Page 5
67/1 1 P.T.O.
narjmWu H$moS >H$mo CÎma-nwpñVH$m Ho$ _wI-n¥ð
>na Adí` {bIo§ &
Candidates must write the Code on the
title page of the answer-book.
Series GBM
H$moS> Z§.
Code No.
amob Z§.
Roll No.
boImemñÌ
ACCOUNTANCY
{ZYm©[aV g_` : 3 KÊQ>o A{YH$V_ A§H$ : 80
Time allowed : 3 hours Maximum Marks : 80
? H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 24 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 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.
SET-1
67/1
67/1 2
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
Computerized Accounting.
(iv) Attempt only one option of Part B.
(v) All parts of a question should be attempted at one place.
IÊS> H$
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z)
PART A
(Accounting for Partnership Firms and Companies)
1. O_m eof Ho$ AmYma na ‘ñWm`r n±yOr ImVo’ VWm ‘n[adV©Zerb n±yOr ImVo’ Ho$ ~rM AÝVa ñnï>
H$s{OE & 1
Distinguish between ‘Fixed Capital Account’ and ‘Fluctuating Capital
Account’ on the basis of credit balance.
2. A VWm ~ EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z 5 : 3 Ho$ AZwnmV _| ~m±Q>Vo Wo & CÝhm|Zo g
H$mo EH$ Z`m gmPoXma ~Zm`m & A, ~ VWm g H$m Z`m bm^ gh^mOZ AZwnmV 3 : 2 : 3
Wm & A Zo AnZo bm^ Ho$
5
1
^mJ H$mo g Ho$ nj _| Ë`mJ {X`m & ~ Ho$ Ë`mJ H$s JUZm
H$s{OE & 1
A and B were partners in a firm sharing profits and losses in the ratio of
5 : 3. They admitted C as a new partner. The new profit sharing ratio
between A, B and C was 3 : 2 : 3. A surrendered
5
1
th
of his share in
favour of C. Calculate B’s sacrifice.
67/1 3 P.T.O.
3. nr VWm Š`y EH$ \$_© _| gmPoXma Wo VWm bm^-hm{Z ~am~a ~m±Q>Vo Wo & CZH$s ñWm`r n±y{O`m±
H«$_e: < 2,00,000 VWm < 3,00,000 Wt & gmPoXmar g§boI _| n±yOr na 12% à{V df©
ã`mO H$m àmdYmZ Wm & 31 _mM©, 2016 H$mo g_mßV hþE df© Ho$ {bE n±yOr na ã`mO {XE
{~Zm \$_© Ho$ bm^ H$m ~±Q>dmam H$a {X`m J`m & 1
Ìw{Q> Ho$ emoYZ Ho$ {bE Amdí`H$ g_m`moOZ à{dpîQ> Xr{OE &
P and Q were partners in a firm sharing profits and losses equally.
Their fixed capitals were < 2,00,000 and < 3,00,000 respectively. The
partnership deed provided for interest on capital @ 12% per annum. For
the year ended 31
st
March, 2016, the profits of the firm were distributed
without providing interest on capital.
Pass necessary adjustment entry to rectify the error.
4. EŠg {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 500, 12% G$UnÌm| H$mo 5% Ho$ ~Å>o na {ZJ©_Z Ho$ {bE
AmdoXZ Am_pÝÌV {H$E & BZ G$UnÌm| H$m emoYZ VrZ dfm] níMmV² g__yë` na H$aZm Wm &
600 G$UnÌm| Ho$ {bE AmdoXZ àmßV hþE & g^r AmdoXH$m| H$mo AmZwnm{VH$ AmYma na {ZJ©_Z
H$a {X`m J`m &
`h _mZVo hþE {H$ g^r am{e H$m ^wJVmZ AmdoXZ na H$aZm Wm, G$UnÌm| Ho$ {ZJ©_Z Ho$ {bE
Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 1
X Ltd. invited applications for issuing 500, 12% debentures of < 100 each
at a discount of 5%. These debentures were redeemable after three years
at par. Applications for 600 debentures were received. Pro-rata allotment
was made to all the applicants.
Pass necessary journal entries for the issue of debentures assuming that
the whole amount was payable with application.
5. µO¡S> {b{_Q>oS> Zo < 10 àË`oH$ Ho$ 1,000 g_Vm A§em| H$m < 2 à{V A§e H$s àW_ `mMZm H$m
^wJVmZ Z H$aZo na haU H$a {b`m & < 3 à{V A§e H$s ApÝV_ `mMZm A^r _m±Jr OmZr
Wr &
~Å>o H$s Cg A{YH$V_ am{e H$s JUZm H$s{OE {Og na BZ A§em| H$m nwZ:{ZJ©_Z {H$`m Om
gH$Vm h¡ & 1
Z Ltd. forfeited 1,000 equity shares of < 10 each for the non-payment of
the first call of < 2 per share. The final call of < 3 per share was yet to be
made.
Calculate the maximum amount of discount at which these shares can be
reissued.
67/1 4
6. XþJm© VWm Zaoe EH$ \$_© _| gmPoXma Wo & do nm±M Z`o gXñ`m| H$mo \$_© _| àdoe XoZm MmhVo
Wo & Zm~m{bJm| Ho$ A{V[aŠV ì`{ŠV`m| H$s Eogr {H$Ýht Xmo lo{U`m| H$s gyMr ~ZmBE {OÝh| do
\$_© _| àdoe Zht Xo gH$Vo & 1
Durga and Naresh were partners in a firm. They wanted to admit five
more members in the firm. List any two categories of individuals other
than minors who cannot be admitted by them.
7. ~r.nr.Eb. {b{_Q>oS> Zo < 100 àË`oH$ Ho$ 500, 9% G$UnÌm| H$mo, {OÝh| 6% Ho$ ~Å>o na
{ZJ©{_V {H$`m J`m Wm, < 100 àË`oH$ Ho$ g_Vm A§em|, {OÝh| < 25 à{V A§e Ho$ A{Ybm^
na {ZJ©{_V {H$`m J`m Wm, _| n[ad{V©V {H$`m & 9% G$UnÌm| Ho$ {ZJ©_Z na ~Å>o H$mo A^r
VH$ An{b{IV Zht {H$`m J`m h¡ &
AnZr H$m`©H$mar {Q>ßn{U`m| H$mo ñnîQ> Xem©Vo hþE, 9% G$UnÌm| H$mo g_Vm A§em| _| n[adV©Z
na Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 3
BPL Ltd. converted 500, 9% debentures of < 100 each issued at a discount
of 6% into equity shares of < 100 each issued at a premium of < 25 per
share. Discount on issue of 9% debentures has not yet been written off.
Showing your working notes clearly, pass necessary journal entries for
conversion of 9% debentures into equity shares.
8. H${d, a{d, Hw$_ma VWm Jwé EH$ \$_© _| gmPoXma Wo VWm 3 : 2 : 2 : 1 Ho$ AZwnmV _| bm^
~m±Q>Vo Wo & 1.2.2017 H$mo Jwé Zo AdH$me J«hU {H$`m VWm H${d, a{d Ed§ Hw$_ma Ho$ _Ü`
3 : 1 : 1 Ho$ ZE bm^ AZwnmV H$m {ZU©` {H$`m J`m & Jwé$ Ho$ AdH$me J«hU H$aZo na \$_©
H$s »`m{V H$m _yë`m§H$Z < 3,60,000 {H$`m J`m &
AnZr H$m`©H$mar {Q>ßn{U`m| H$mo ñnîQ> Xem©Vo hþE Jwé$ Ho$ AdH$me J«hU H$aZo na »`m{V Ho$
boIm§H$Z Ho$ {bE \$_© H$s nwñVH$m| _| Amdí`H$ amoµOZm_Mm à{dpîQ> H$s{OE & 3
Kavi, Ravi, Kumar and Guru were partners in a firm sharing profits in
the ratio of 3 : 2 : 2 : 1. On 1.2.2017, Guru retired and the new profit
sharing ratio decided between Kavi, Ravi and Kumar was 3 : 1 : 1. On
Guru’s retirement the goodwill of the firm was valued at < 3,60,000.
Showing your working notes clearly, pass necessary journal entry in the
books of the firm for the treatment of goodwill on Guru’s retirement.
67/1 5 P.T.O.
9. {Xem {b{_Q>oS> Zo {Zem {b{_Q>oS> go _erZar H$m H«$` {H$`m VWm {Zem {b{_Q>oS> H$mo {ZåZ
àH$ma go ^wJVmZ {H$`m :
(i) < 10 àË`oH$ Ho$ 10,000, g_Vm A§em| H$mo 10% Ho$ A{Ybm^ na {ZJ©{_V
H$aHo$ &
(ii) < 100 àË`oH$ Ho$ 200, 9% G$UnÌm| H$mo 10% Ho$ ~Å>o na {ZJ©{_V H$aHo$ &
(iii) eof EH$ _mh níMmV² Xo` < 50,000 H$m {d{Z_` nÌ ñdrH$ma H$aHo$ &
_erZar Ho$ H«$` Ed§ {Zem {b{_Q>oS> H$mo BgHo$ ^wJVmZ Ho$ {bE {Xem {b{_Q>oS> H$s nwñVH$m| _|
Amdí`H$ amoµOZm_Mm à{dpîQ>`m± H$s{OE & 3
Disha Ltd. purchased machinery from Nisha Ltd. and paid to Nisha Ltd.
as follows :
(i) By issuing 10,000, equity shares of < 10 each at a premium of 10%.
(ii) By issuing 200, 9% debentures of < 100 each at a discount of 10%.
(iii) Balance by accepting a bill of exchange of < 50,000 payable after
one month.
Pass necessary journal entries in the books of Disha Ltd. for the purchase
of machinery and making payment to Nisha Ltd.
10. JUoe {b{_Q>oS> < 10 àË`oH$ Ho$ g_Vm A§em| _| {d^ŠV < 10,00,00,000 H$s A{YH¥$V
n±yOr Ho$ gmW n§OrH¥$V h¡ & H$ånZr H$s A{^XÎm VWm nyU© àXÎm ny±Or < 6,00,00,000 Wr &
ñWmZr` Zd`wdH$m| H$mo amoµOJma àXmZ H$aZo hoVw VWm AéUmMb àXoe amÁ` Ho$ OZOmVr` joÌm|
Ho$ {dH$mg Ho$ {bE H$ånZr Zo dhm± na EH$ Ob-{dÚwV² g§`§Ì bJmZo H$m {ZU©` {H$`m &
H$ånZr Zo B©Q>mZJa, nmgrKmQ> VWm Vmdm±J _| H$m¡eb {dH$mg Ho$ÝÐm| H$s ñWmnZm H$m ^r {ZU©`
{b`m & AnZr ZdrZ {dÎmr` Amdí`H$VmAm| H$mo nyam H$aZo Ho$ {bE H$ånZr Zo < 10 àË`oH$
Ho$ 1,00,000 g_Vm A§em| VWm < 100 àË`oH$ Ho$ 1,00,000, 9% G$UnÌm| Ho$ {ZJ©_Z H$m
{ZU©` {b`m & G$UnÌm| H$m emoYZ nm±M dfm] Ho$ níMmV² g__yë` na H$aZm h¡ & A§em| VWm
G$UnÌm| H$m {ZJ©_Z nyU© ê$n go A{^XÎm hmo J`m & 2,000 A§em| H$m$ EH$ A§eYmaH$ < 2
à{V A§e H$s ApÝV_ `mMZm am{e H$m ^wJVmZ H$aZo _| Ag\$b ahm &
H$ånZr A{Y{Z`_, 2013 H$s gyMr III Ho$ àmdYmZm| Ho$ AZwgma H$ånZr Ho$ pñW{V {ddaU _|
A§e ny±Or H$mo àX{e©V H$s{OE & Eogo {H$Ýht Xmo _yë`m| H$s nhMmZ ^r H$s{OE {OÝh| H$ånZr
àgm[aV H$aZm MmhVr h¡ & 3
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FAQs on ACCOUNTANCY (Part-3) Paper - Crash Course of Accountancy - Class 12 - Commerce
| 1. What is the difference between financial accounting and management accounting? |  |
Ans. Financial accounting focuses on providing financial information to external stakeholders, such as investors and creditors, while management accounting focuses on providing financial information to internal stakeholders, such as managers and executives, to support decision-making and control within an organization.
| 2. What are the basic principles of accountancy? | |
Ans. The basic principles of accountancy include the principle of going concern, which assumes that a business will continue to operate indefinitely; the principle of consistency, which requires consistent accounting methods to ensure comparability; the principle of prudence, which suggests caution in recording uncertain events; and the principle of accrual, which recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.
| 3. How are financial statements prepared? | |
Ans. Financial statements are prepared by following a standardized process. First, transactions are recorded in the general journal. Then, these transactions are posted to the general ledger, which contains separate accounts for different types of transactions. The trial balance is prepared by listing all the ledger account balances. Next, adjustments are made to reflect accruals, deferrals, and estimates. Finally, the adjusted trial balance is used to prepare the financial statements, including the income statement, balance sheet, and cash flow statement.
| 4. What is the purpose of auditing in accountancy? | |
Ans. The purpose of auditing in accountancy is to provide an independent assessment of an organization's financial statements and internal controls. Auditors examine the financial records, transactions, and processes of a company to ensure that they are accurate, reliable, and comply with applicable laws and regulations. The audit report issued by auditors provides stakeholders with confidence in the financial information presented by the company.
| 5. How does taxation affect accountancy? | |
Ans. Taxation affects accountancy in several ways. Accountants need to understand tax laws and regulations to ensure that financial statements are prepared in accordance with tax requirements. They also assist in tax planning and compliance, helping businesses minimize their tax liability while ensuring compliance with tax laws. Additionally, accountants play a crucial role in preparing and filing tax returns, calculating tax provisions, and providing tax advice to individuals and businesses.
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