CBSE Class 12 Accountancy: Question Paper for 2017 (Term-II) | Toppers Answer Sheets for Class 12 PDF Download

 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