CBSE Class 12 Accountancy: Question Paper for 2014 (Term-II) | Toppers Answer Sheets for Class 12 PDF Download

 Page 1


67/2 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 OSR  
H$moS> Z§.    
67/2
 
 
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 _| 25 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 25 questions. 
? Please write down the Serial Number of the question before 
attempting it. 
? 15 minutes 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. 
Page 2


67/2 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 OSR  
H$moS> Z§.    
67/2
 
 
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 _| 25 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 25 questions. 
? Please write down the Serial Number of the question before 
attempting it. 
? 15 minutes 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. 
67/2 2 
gm_mÝ` {ZX}e : 
(i) `h àíZ-nÌ VrZ ^mJm| _| {d^º$ h¡ – H$, I Am¡a J & 
(ii) ^mJ H$ g^r N>mÌm| Ho$ {bE A{Zdm`© h¡ & 
(iii) narjm{W©`m| H$mo eof ^mJ I Am¡a J _| go H$moB© EH$ ^mJ hb H$aZm h¡ & 
(iv) {H$gr àíZ Ho$ g^r ^mJm| Ho$ CÎma EH$ hr ñWmZ na {b{IE & 
General Instructions : 
(i) This question paper contains three parts A, B and C. 
(ii) Part A is compulsory for all candidates. 
(iii) Candidates can attempt only one part of the remaining parts B and C.  
(iv) All parts of the questions should be attempted at one place. 
^mJ H$ 
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z) 
PART A 
(Accounting for Partnership Firms and Companies) 
 
1. g_nmpíd©H$ à{V^y{V Ho$ ê$n _| G$UnÌm| Ho$ {ZJ©_Z go Š`m A{^àm` h¡ ? 1 
What is meant by issue of debentures as collateral security ? 
2. S>r {b{_Q>oS> Zo 10 < àË`oH$ Ho$ 10,00,000 g_Vm A§em| Ho$ {ZJ©_Z Ho$ {bE AmdoXZ 
Am_pÝÌV {H$E &  8,55,000 A§em| Ho$ {bE AmdoXZ àmá hþE & Š`m H$ånZr A§em| Ho$ 
Am~§Q>Z H$s H$m`©dmhr H$a gH$Vr h¡ ? AnZo CÎma Ho$ g_W©Z _| H$maU Xr{OE & 1 
D Ltd. invited applications for issuing 10,00,000 equity shares of < 10 
each. The public applied for 8,55,000 shares. Can the company proceed 
for the allotment of shares ? Give reason in support of your answer. 
3. Ý`m`mb` Ho$ hñVjon Ho$ AmYma na ‘gmPoXmar Ho$ g_mnZ’ VWm ‘gmPoXmar \$_© Ho$ g_mnZ’ _| 
AÝV^}X H$s{OE & 1 
Distinguish between ‘Dissolution of partnership’ and ‘Dissolution of 
partnership firm’ on the basis of Court’s intervention. 
Page 3


67/2 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 OSR  
H$moS> Z§.    
67/2
 
 
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 _| 25 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 25 questions. 
? Please write down the Serial Number of the question before 
attempting it. 
? 15 minutes 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. 
67/2 2 
gm_mÝ` {ZX}e : 
(i) `h àíZ-nÌ VrZ ^mJm| _| {d^º$ h¡ – H$, I Am¡a J & 
(ii) ^mJ H$ g^r N>mÌm| Ho$ {bE A{Zdm`© h¡ & 
(iii) narjm{W©`m| H$mo eof ^mJ I Am¡a J _| go H$moB© EH$ ^mJ hb H$aZm h¡ & 
(iv) {H$gr àíZ Ho$ g^r ^mJm| Ho$ CÎma EH$ hr ñWmZ na {b{IE & 
General Instructions : 
(i) This question paper contains three parts A, B and C. 
(ii) Part A is compulsory for all candidates. 
(iii) Candidates can attempt only one part of the remaining parts B and C.  
(iv) All parts of the questions should be attempted at one place. 
^mJ H$ 
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z) 
PART A 
(Accounting for Partnership Firms and Companies) 
 
1. g_nmpíd©H$ à{V^y{V Ho$ ê$n _| G$UnÌm| Ho$ {ZJ©_Z go Š`m A{^àm` h¡ ? 1 
What is meant by issue of debentures as collateral security ? 
2. S>r {b{_Q>oS> Zo 10 < àË`oH$ Ho$ 10,00,000 g_Vm A§em| Ho$ {ZJ©_Z Ho$ {bE AmdoXZ 
Am_pÝÌV {H$E &  8,55,000 A§em| Ho$ {bE AmdoXZ àmá hþE & Š`m H$ånZr A§em| Ho$ 
Am~§Q>Z H$s H$m`©dmhr H$a gH$Vr h¡ ? AnZo CÎma Ho$ g_W©Z _| H$maU Xr{OE & 1 
D Ltd. invited applications for issuing 10,00,000 equity shares of < 10 
each. The public applied for 8,55,000 shares. Can the company proceed 
for the allotment of shares ? Give reason in support of your answer. 
3. Ý`m`mb` Ho$ hñVjon Ho$ AmYma na ‘gmPoXmar Ho$ g_mnZ’ VWm ‘gmPoXmar \$_© Ho$ g_mnZ’ _| 
AÝV^}X H$s{OE & 1 
Distinguish between ‘Dissolution of partnership’ and ‘Dissolution of 
partnership firm’ on the basis of Court’s intervention. 
67/2 3 P.T.O. 
4. EŠg, dmB© VWm µO¡S> gmPoXma Wo VWm 
10
3
,
2
1
 Ed§ 
5
1
 Ho$ AZwnmV _| bm^m| H$m ~±Q>dmam H$a 
aho Wo & EŠg \$_© go godm{Zd¥Îm hmo J`m & eof gmPoXmam| Ho$ A{Ybm^ AZwnmV H$s JUZm 
H$s{OE & 1 
X, Y and Z were partners sharing profits in the ratio of 
10
3
,
2
1
 and 
5
1
.  
X retired from the firm. Calculate the gaining ratio of the remaining 
partners.  
5. ‘EH$ gmPoXmar \$_© Ho$ nwZJ©R>Z’ H$m AW© Xr{OE &  1 
Give the meaning of ‘Reconstitution of a partnership firm’. 
6. EH$ ZE àdo{eV gmPoXma Ûmam àmá A{YH$mam| H$m C„oI H$s{OE & 1 
State the rights acquired by a newly admitted partner. 
7. A {b{_Q>oS> Zo 10 < àË`oH$ Ho$ 100 g_Vm A§em| H$mo Omo 20% Ho$ àr{_`_ na {ZJ©{_V 
{H$E JE Wo,  5 < H$s ApÝV_ _m±J am{e {Og_| àr{_`_ ^r gpå_{bV h¡, H$m ^wJVmZ Zht 
H$m na haU H$a {b`m & ~Å>o H$s Cg A{YH$V_ am{e H$m C„oI H$s{OE {Og na BZ A§em| 
H$m nwZ… {ZJ©_Z {H$`m Om gH$Vm h¡ & 1 
A Ltd. forfeited 100 equity shares of < 10 each issued at a premium of 
20% for the non-payment of final call of < 5 including premium. State the 
maximum amount of discount at which these shares can be re-issued. 
8. {ZåZ{b{IV n[apñW{V`m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE : 3 
(i) gZamBµO {b{_Q>oS> Zo 100 < àË`oH$ Ho$ 500, 9% G$UnÌm| {OZH$m {ZJ©_Z 10% Ho$ 
~Å>o  na {H$`m J`m Wm,  H$mo 100 < àË`oH$ Ho$ g_Vm A§em| _| n[ad{V©V H$aHo$ 
{H$`m & g_Vm A§em| H$mo 25% Ho$ àr{_`_ na {ZJ©{_V {H$`m J`m Wm & 
(ii) {~«Q>m{Z`m {b{_Q>oS> Zo 100 < àË`oH$ Ho$ 3,000, 12% G$UnÌm| {OZH$m {ZJ©_Z  
10 < à{V G$UnÌ Ho$ ~Å>o na {H$`m J`m Wm, H$m emoYZ BÝh| 100 < àË`oH$ Ho$ 
g_Vm A§em| Omo 90 < à{V A§e àXÎm Wo, _| n[ad{V©V H$aHo$ {H$`m &  
Pass necessary journal entries in the following cases : 
(i) Sunrise Ltd. converted 500, 9% debentures of < 100 each issued at 
a discount of 10% into equity shares of < 100 each issued at a 
premium of 25%. 
(ii) Britannia Ltd. redeemed 3,000, 12% debentures of < 100 each 
which were issued at a discount of < 10 per debenture by 
converting them into equity shares of < 100 each, < 90 paid up. 
Page 4


67/2 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 OSR  
H$moS> Z§.    
67/2
 
 
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 _| 25 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 25 questions. 
? Please write down the Serial Number of the question before 
attempting it. 
? 15 minutes 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. 
67/2 2 
gm_mÝ` {ZX}e : 
(i) `h àíZ-nÌ VrZ ^mJm| _| {d^º$ h¡ – H$, I Am¡a J & 
(ii) ^mJ H$ g^r N>mÌm| Ho$ {bE A{Zdm`© h¡ & 
(iii) narjm{W©`m| H$mo eof ^mJ I Am¡a J _| go H$moB© EH$ ^mJ hb H$aZm h¡ & 
(iv) {H$gr àíZ Ho$ g^r ^mJm| Ho$ CÎma EH$ hr ñWmZ na {b{IE & 
General Instructions : 
(i) This question paper contains three parts A, B and C. 
(ii) Part A is compulsory for all candidates. 
(iii) Candidates can attempt only one part of the remaining parts B and C.  
(iv) All parts of the questions should be attempted at one place. 
^mJ H$ 
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z) 
PART A 
(Accounting for Partnership Firms and Companies) 
 
1. g_nmpíd©H$ à{V^y{V Ho$ ê$n _| G$UnÌm| Ho$ {ZJ©_Z go Š`m A{^àm` h¡ ? 1 
What is meant by issue of debentures as collateral security ? 
2. S>r {b{_Q>oS> Zo 10 < àË`oH$ Ho$ 10,00,000 g_Vm A§em| Ho$ {ZJ©_Z Ho$ {bE AmdoXZ 
Am_pÝÌV {H$E &  8,55,000 A§em| Ho$ {bE AmdoXZ àmá hþE & Š`m H$ånZr A§em| Ho$ 
Am~§Q>Z H$s H$m`©dmhr H$a gH$Vr h¡ ? AnZo CÎma Ho$ g_W©Z _| H$maU Xr{OE & 1 
D Ltd. invited applications for issuing 10,00,000 equity shares of < 10 
each. The public applied for 8,55,000 shares. Can the company proceed 
for the allotment of shares ? Give reason in support of your answer. 
3. Ý`m`mb` Ho$ hñVjon Ho$ AmYma na ‘gmPoXmar Ho$ g_mnZ’ VWm ‘gmPoXmar \$_© Ho$ g_mnZ’ _| 
AÝV^}X H$s{OE & 1 
Distinguish between ‘Dissolution of partnership’ and ‘Dissolution of 
partnership firm’ on the basis of Court’s intervention. 
67/2 3 P.T.O. 
4. EŠg, dmB© VWm µO¡S> gmPoXma Wo VWm 
10
3
,
2
1
 Ed§ 
5
1
 Ho$ AZwnmV _| bm^m| H$m ~±Q>dmam H$a 
aho Wo & EŠg \$_© go godm{Zd¥Îm hmo J`m & eof gmPoXmam| Ho$ A{Ybm^ AZwnmV H$s JUZm 
H$s{OE & 1 
X, Y and Z were partners sharing profits in the ratio of 
10
3
,
2
1
 and 
5
1
.  
X retired from the firm. Calculate the gaining ratio of the remaining 
partners.  
5. ‘EH$ gmPoXmar \$_© Ho$ nwZJ©R>Z’ H$m AW© Xr{OE &  1 
Give the meaning of ‘Reconstitution of a partnership firm’. 
6. EH$ ZE àdo{eV gmPoXma Ûmam àmá A{YH$mam| H$m C„oI H$s{OE & 1 
State the rights acquired by a newly admitted partner. 
7. A {b{_Q>oS> Zo 10 < àË`oH$ Ho$ 100 g_Vm A§em| H$mo Omo 20% Ho$ àr{_`_ na {ZJ©{_V 
{H$E JE Wo,  5 < H$s ApÝV_ _m±J am{e {Og_| àr{_`_ ^r gpå_{bV h¡, H$m ^wJVmZ Zht 
H$m na haU H$a {b`m & ~Å>o H$s Cg A{YH$V_ am{e H$m C„oI H$s{OE {Og na BZ A§em| 
H$m nwZ… {ZJ©_Z {H$`m Om gH$Vm h¡ & 1 
A Ltd. forfeited 100 equity shares of < 10 each issued at a premium of 
20% for the non-payment of final call of < 5 including premium. State the 
maximum amount of discount at which these shares can be re-issued. 
8. {ZåZ{b{IV n[apñW{V`m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE : 3 
(i) gZamBµO {b{_Q>oS> Zo 100 < àË`oH$ Ho$ 500, 9% G$UnÌm| {OZH$m {ZJ©_Z 10% Ho$ 
~Å>o  na {H$`m J`m Wm,  H$mo 100 < àË`oH$ Ho$ g_Vm A§em| _| n[ad{V©V H$aHo$ 
{H$`m & g_Vm A§em| H$mo 25% Ho$ àr{_`_ na {ZJ©{_V {H$`m J`m Wm & 
(ii) {~«Q>m{Z`m {b{_Q>oS> Zo 100 < àË`oH$ Ho$ 3,000, 12% G$UnÌm| {OZH$m {ZJ©_Z  
10 < à{V G$UnÌ Ho$ ~Å>o na {H$`m J`m Wm, H$m emoYZ BÝh| 100 < àË`oH$ Ho$ 
g_Vm A§em| Omo 90 < à{V A§e àXÎm Wo, _| n[ad{V©V H$aHo$ {H$`m &  
Pass necessary journal entries in the following cases : 
(i) Sunrise Ltd. converted 500, 9% debentures of < 100 each issued at 
a discount of 10% into equity shares of < 100 each issued at a 
premium of 25%. 
(ii) Britannia Ltd. redeemed 3,000, 12% debentures of < 100 each 
which were issued at a discount of < 10 per debenture by 
converting them into equity shares of < 100 each, < 90 paid up. 
67/2 4 
9. ho_ÝV VWm {ZemÝV EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^m| H$m ~±Q>dmam H$a 
aho Wo & CZH$s ny±Or H«$_e… 1,60,000 < Am¡a 1,00,000 < Wt &  1 Aà¡b, 2013 H$mo 
CÝhm|Zo ^mdr bm^m| _| 1/5 ^mJ Ho$ {bE gmo_oe H$mo ZE gmPoXma Ho$ ê$n _| à{dï> {H$`m & 
gmo_oe AnZr ny±Or Ho$ ê$n _| 1,20,000 < bm`m & \$_© H$s »`m{V Ho$ _yë` H$s JUZm 
H$s{OE VWm Cn`w©º$ boZXoZm| Ho$ {bE gmo_oe Ho$ àdoe na Amdí`H$ amoµOZm_Mm à{d{ï>`m± 
H$s{OE & 3 
Hemant and Nishant were partners in a firm sharing profits in the ratio 
of 3 : 2. Their capitals were < 1,60,000 and < 1,00,000 respectively. They 
admitted Somesh on 1
st 
April, 2013 as a new partner for 1/5 share in the 
future profits. Somesh brought < 1,20,000 as his capital. Calculate the 
value of goodwill of the firm and record necessary journal entries for the 
above transactions on Somesh’s admission. 
 
 
10. Q>mQ>m {b{_Q>oS> Zo 1 Aà¡b, 2012 H$mo 100 < àË`oH$ Ho$ 5,000, 10% G$UnÌm| H$m {ZJ©_Z 
{H$`m & {ZJ©_Z na nyU© ê$n go A{^XmZ hþAm & {ZJ©_Z H$s eVm] Ho$ AZwgma G$UnÌm| na 
ã`mO AY©dm{f©H$ AmYma na 30 {gVå~a VWm 31 _mM© H$mo Xo` hmoVm h¡ VWm òmoV na H$a H$s 
H$Q>m¡Vr 10% h¡ & 
31 _mM©, 2013 H$mo g_má hmoZo dmbo AY©dm{f©H$ ã`mO go gå~pÝYV VWm G$UnÌm| Ho$ ã`mO 
H$mo bm^-hm{Z {ddaU _| ñWmZmÝV[aV H$aZo H$r Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 3 
Tata Ltd. issued 5,000, 10% Debentures of < 100 each on 1
st 
April, 2012. 
The issue was fully subscribed. According to the terms of issue, interest 
on debentures is payable half-yearly on 30
th 
September and 31
st 
March 
and tax deducted at source is 10%. 
Pass the necessary journal entries related to the debenture interest for 
the half-yearly ending on 31
st 
March, 2013 and transfer of interest on 
debentures to Statement of Profit and Loss. 
Page 5


67/2 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 OSR  
H$moS> Z§.    
67/2
 
 
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 _| 25 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 25 questions. 
? Please write down the Serial Number of the question before 
attempting it. 
? 15 minutes 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. 
67/2 2 
gm_mÝ` {ZX}e : 
(i) `h àíZ-nÌ VrZ ^mJm| _| {d^º$ h¡ – H$, I Am¡a J & 
(ii) ^mJ H$ g^r N>mÌm| Ho$ {bE A{Zdm`© h¡ & 
(iii) narjm{W©`m| H$mo eof ^mJ I Am¡a J _| go H$moB© EH$ ^mJ hb H$aZm h¡ & 
(iv) {H$gr àíZ Ho$ g^r ^mJm| Ho$ CÎma EH$ hr ñWmZ na {b{IE & 
General Instructions : 
(i) This question paper contains three parts A, B and C. 
(ii) Part A is compulsory for all candidates. 
(iii) Candidates can attempt only one part of the remaining parts B and C.  
(iv) All parts of the questions should be attempted at one place. 
^mJ H$ 
(gmPoXmar \$_m] VWm H$ån{Z`m| Ho$ {bE boIm§H$Z) 
PART A 
(Accounting for Partnership Firms and Companies) 
 
1. g_nmpíd©H$ à{V^y{V Ho$ ê$n _| G$UnÌm| Ho$ {ZJ©_Z go Š`m A{^àm` h¡ ? 1 
What is meant by issue of debentures as collateral security ? 
2. S>r {b{_Q>oS> Zo 10 < àË`oH$ Ho$ 10,00,000 g_Vm A§em| Ho$ {ZJ©_Z Ho$ {bE AmdoXZ 
Am_pÝÌV {H$E &  8,55,000 A§em| Ho$ {bE AmdoXZ àmá hþE & Š`m H$ånZr A§em| Ho$ 
Am~§Q>Z H$s H$m`©dmhr H$a gH$Vr h¡ ? AnZo CÎma Ho$ g_W©Z _| H$maU Xr{OE & 1 
D Ltd. invited applications for issuing 10,00,000 equity shares of < 10 
each. The public applied for 8,55,000 shares. Can the company proceed 
for the allotment of shares ? Give reason in support of your answer. 
3. Ý`m`mb` Ho$ hñVjon Ho$ AmYma na ‘gmPoXmar Ho$ g_mnZ’ VWm ‘gmPoXmar \$_© Ho$ g_mnZ’ _| 
AÝV^}X H$s{OE & 1 
Distinguish between ‘Dissolution of partnership’ and ‘Dissolution of 
partnership firm’ on the basis of Court’s intervention. 
67/2 3 P.T.O. 
4. EŠg, dmB© VWm µO¡S> gmPoXma Wo VWm 
10
3
,
2
1
 Ed§ 
5
1
 Ho$ AZwnmV _| bm^m| H$m ~±Q>dmam H$a 
aho Wo & EŠg \$_© go godm{Zd¥Îm hmo J`m & eof gmPoXmam| Ho$ A{Ybm^ AZwnmV H$s JUZm 
H$s{OE & 1 
X, Y and Z were partners sharing profits in the ratio of 
10
3
,
2
1
 and 
5
1
.  
X retired from the firm. Calculate the gaining ratio of the remaining 
partners.  
5. ‘EH$ gmPoXmar \$_© Ho$ nwZJ©R>Z’ H$m AW© Xr{OE &  1 
Give the meaning of ‘Reconstitution of a partnership firm’. 
6. EH$ ZE àdo{eV gmPoXma Ûmam àmá A{YH$mam| H$m C„oI H$s{OE & 1 
State the rights acquired by a newly admitted partner. 
7. A {b{_Q>oS> Zo 10 < àË`oH$ Ho$ 100 g_Vm A§em| H$mo Omo 20% Ho$ àr{_`_ na {ZJ©{_V 
{H$E JE Wo,  5 < H$s ApÝV_ _m±J am{e {Og_| àr{_`_ ^r gpå_{bV h¡, H$m ^wJVmZ Zht 
H$m na haU H$a {b`m & ~Å>o H$s Cg A{YH$V_ am{e H$m C„oI H$s{OE {Og na BZ A§em| 
H$m nwZ… {ZJ©_Z {H$`m Om gH$Vm h¡ & 1 
A Ltd. forfeited 100 equity shares of < 10 each issued at a premium of 
20% for the non-payment of final call of < 5 including premium. State the 
maximum amount of discount at which these shares can be re-issued. 
8. {ZåZ{b{IV n[apñW{V`m| _| Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE : 3 
(i) gZamBµO {b{_Q>oS> Zo 100 < àË`oH$ Ho$ 500, 9% G$UnÌm| {OZH$m {ZJ©_Z 10% Ho$ 
~Å>o  na {H$`m J`m Wm,  H$mo 100 < àË`oH$ Ho$ g_Vm A§em| _| n[ad{V©V H$aHo$ 
{H$`m & g_Vm A§em| H$mo 25% Ho$ àr{_`_ na {ZJ©{_V {H$`m J`m Wm & 
(ii) {~«Q>m{Z`m {b{_Q>oS> Zo 100 < àË`oH$ Ho$ 3,000, 12% G$UnÌm| {OZH$m {ZJ©_Z  
10 < à{V G$UnÌ Ho$ ~Å>o na {H$`m J`m Wm, H$m emoYZ BÝh| 100 < àË`oH$ Ho$ 
g_Vm A§em| Omo 90 < à{V A§e àXÎm Wo, _| n[ad{V©V H$aHo$ {H$`m &  
Pass necessary journal entries in the following cases : 
(i) Sunrise Ltd. converted 500, 9% debentures of < 100 each issued at 
a discount of 10% into equity shares of < 100 each issued at a 
premium of 25%. 
(ii) Britannia Ltd. redeemed 3,000, 12% debentures of < 100 each 
which were issued at a discount of < 10 per debenture by 
converting them into equity shares of < 100 each, < 90 paid up. 
67/2 4 
9. ho_ÝV VWm {ZemÝV EH$ \$_© _| gmPoXma Wo VWm 3 : 2 Ho$ AZwnmV _| bm^m| H$m ~±Q>dmam H$a 
aho Wo & CZH$s ny±Or H«$_e… 1,60,000 < Am¡a 1,00,000 < Wt &  1 Aà¡b, 2013 H$mo 
CÝhm|Zo ^mdr bm^m| _| 1/5 ^mJ Ho$ {bE gmo_oe H$mo ZE gmPoXma Ho$ ê$n _| à{dï> {H$`m & 
gmo_oe AnZr ny±Or Ho$ ê$n _| 1,20,000 < bm`m & \$_© H$s »`m{V Ho$ _yë` H$s JUZm 
H$s{OE VWm Cn`w©º$ boZXoZm| Ho$ {bE gmo_oe Ho$ àdoe na Amdí`H$ amoµOZm_Mm à{d{ï>`m± 
H$s{OE & 3 
Hemant and Nishant were partners in a firm sharing profits in the ratio 
of 3 : 2. Their capitals were < 1,60,000 and < 1,00,000 respectively. They 
admitted Somesh on 1
st 
April, 2013 as a new partner for 1/5 share in the 
future profits. Somesh brought < 1,20,000 as his capital. Calculate the 
value of goodwill of the firm and record necessary journal entries for the 
above transactions on Somesh’s admission. 
 
 
10. Q>mQ>m {b{_Q>oS> Zo 1 Aà¡b, 2012 H$mo 100 < àË`oH$ Ho$ 5,000, 10% G$UnÌm| H$m {ZJ©_Z 
{H$`m & {ZJ©_Z na nyU© ê$n go A{^XmZ hþAm & {ZJ©_Z H$s eVm] Ho$ AZwgma G$UnÌm| na 
ã`mO AY©dm{f©H$ AmYma na 30 {gVå~a VWm 31 _mM© H$mo Xo` hmoVm h¡ VWm òmoV na H$a H$s 
H$Q>m¡Vr 10% h¡ & 
31 _mM©, 2013 H$mo g_má hmoZo dmbo AY©dm{f©H$ ã`mO go gå~pÝYV VWm G$UnÌm| Ho$ ã`mO 
H$mo bm^-hm{Z {ddaU _| ñWmZmÝV[aV H$aZo H$r Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE & 3 
Tata Ltd. issued 5,000, 10% Debentures of < 100 each on 1
st 
April, 2012. 
The issue was fully subscribed. According to the terms of issue, interest 
on debentures is payable half-yearly on 30
th 
September and 31
st 
March 
and tax deducted at source is 10%. 
Pass the necessary journal entries related to the debenture interest for 
the half-yearly ending on 31
st 
March, 2013 and transfer of interest on 
debentures to Statement of Profit and Loss. 
67/2 5 P.T.O. 
11. Jmonmb  {b{_Q>oS> H$s nwñVH$m| _| {ZåZ{b{IV boZXoZm| Ho$ {bE Amdí`H$ amoµOZm_Mm à{d{ï>`m± 
H$s{OE : 4  
(i) _¡gg© \$ZuMa _mQ>© go 2,50,000 < Ho$ \$ZuMa H$m H«$` {H$`m & _¡gg© \$ZuMa _mQ>© 
H$mo ^wJVmZ 10 < àË`oH$ Ho$ g_Vm A§em| H$mo 25% Ho$ àr{_`_ na {ZJ©{_V H$aHo$ 
{H$`m J`m & 
(ii) A_Z {b{_Q>oS> go 15,00,000 < H$s am{e H$m EH$ Mmby ì`dgm` IarXm {Og_| 
12,00,000 < H$m ^wJVmZ 10 < àË`oH$ Ho$ nyU© àXÎm g_Vm A§em| Ûmam VWm eof 
am{e H$m ~¢H$ S´>mâQ> Ûmam {H$`m J`m & gån{Îm`m± VWm Xm{`Ëd {ZåZ{b{IV go 
gå~pÝYV Wo : 
 g§`§Ì (ßbmÝQ)> 3,50,000 <;  ñQ>m°H$ 4,50,000 <;  ^y{_ Ed§ ^dZ 6,00,000 <; 
{d{dY boZXma 1,00,000 < & 
 
Pass necessary journal entries for the following transactions in the books 
of Gopal Ltd. : 
(i) Purchased furniture for < 2,50,000 from M/s Furniture Mart. The 
payment to M/s Furniture Mart was made by issuing equity shares 
of < 10 each at a premium of 25%. 
(ii) Purchased a running business from Aman Ltd. for a sum of  
< 15,00,000. The payment of < 12,00,000 was made by issue of 
fully paid equity shares of < 10 each and balance by a bank draft. 
The assets and liabilities consisted of the following : 
 Plant < 3,50,000; Stock < 4,50,000; Land and Building  
< 6,00,000;  Sundry Creditors < 1,00,000.